**TURKEY INTRODUCES NEW RULES FOR CRYPTOCURRENCIES**

* The Turkish Ministry of Treasury and Finance has introduced new regulations regarding cryptocurrency transactions.

* Crypto platforms will be required to collect detailed information about the origin and purpose of each transaction.

* Withdrawal lock-up periods will be implemented, such as a 48-hour delay for most transactions.

* Daily and monthly limits for stablecoin transfers will be set at \$3,000 and \$50,000, respectively.

**JAPAN PLANS TO RECLASSIFY CRYPTOCURRENCIES AND CHANGE TAX RULES**

* Japan’s Financial Services Agency (FSA) has proposed reclassifying cryptocurrencies as financial products.

* This change could pave the way for cryptocurrency-based ETFs in Japan.

* The proposal also includes introducing a unified 20% tax rate on income from digital assets.

* The aim is to align crypto taxation with the stock market, encouraging more investors to enter the space.

**LEDGER INTRODUCES OFFLINE KEY RECOVERY TOOL**

* Ledger, a producer of hardware wallets, has launched a new tool called Ledger Recovery Key.

* It is a physical device that allows users to regain access to their crypto wallets without using cloud services.

* The tool works entirely offline and is protected by a PIN code.

* The Ledger Recovery Key app code is open-source, ensuring transparency and has undergone security audits.

**USA: TRUMP ADMINISTRATION CONSIDERS PROTECTION FOR CRYPTO COMPANIES**

* The Trump administration is considering an executive order aimed at protecting cryptocurrency firms from discrimination by banks.

* This move is in response to claims that some banks are denying services to tech and crypto businesses.

* The goal is to prevent practices that could hinder the operations of digital sector companies.

* The initiative aims to create a more favorable regulatory environment for the crypto industry.

**NORWEGIAN MINING COMPANY ADOPTS BITCOIN AS A RESERVE**

* Norwegian mining company Green Minerals AS plans to create a Bitcoin reserve.

* The company aims to raise \$1.2 billion to purchase and hold Bitcoin long-term.

* Green Minerals sees Bitcoin as an alternative to traditional fiat currencies to reduce inflation risk.

* Additionally, the company intends to use blockchain technology to ensure transparency in its supply chain.

**UK REFORM PARTY BEGINS ACCEPTING CRYPTO DONATIONS**

* The UK political party Reform UK, led by Nigel Farage, announced it will accept donations in cryptocurrencies.

* The party will use the Radom platform to process these payments.

* Reform UK also plans to introduce a “Cryptoassets and Digital Finance Bill.”

* This decision makes Reform UK one of the first major parties in the UK to accept donations in this form.

**BITCOIN MAKES UP ONE THIRD OF CRYPTO PORTFOLIOS IN 2025**

* As of May 2025, Bitcoin makes up approximately 30.95% of cryptocurrency investors' portfolios.

* It is the largest single asset held by crypto investors.

* This growth is driven by favorable regulations in the US and increasing institutional interest.

* The number of companies holding Bitcoin as a reserve has nearly doubled since June 5.

**ANTHONY POMPLIANO: PROCAP BUYS BITCOIN WORTH \$386 MILLION**

* ProCap BTC, founded by Anthony Pompliano, purchased 3,724 Bitcoins for \$386 million.

* This purchase occurred shortly after the company announced plans to go public.

* ProCap aims to eventually acquire up to \$1 billion in Bitcoin as part of its business strategy.

* This move reflects the growing trend of firms adding Bitcoin to their reserve assets.

CheckDot is SAFU research CheckDot.