Here are some of the latest crypto news (June 25, 2025):
---
⚖️ Regulation & Policy
Vietnam has recognized crypto assets as part of the Digital Technology Industry Law to be implemented in 2026, acknowledging crypto as an official digital asset.
Singapore (MAS) has set a deadline of June 30, 2025, for offshore providers: they must have a DTSP license or cease operations—risking fines of up to US$200,000 or imprisonment for up to 3 years.
Other Southeast Asia: Thailand opens public consultation for token listing regulations, and the Philippines through CEZA encourages the enhancement of fintech/crypto licenses via cooperation with LegalBison.
Pakistan has established the Pakistan Crypto Council led by Bilal Bin Saqib—supported by CZ Binance—and plans for strategic Bitcoin reserves as well as significant electricity allocation for mining/AI.
---
💼 Cases, Security & Industry Trends
Ripple vs SEC: Ripple's lawyer states that the issue of the delay order has been lifted, so the path of the XRP case will soon be determined.
Telegram has removed the Chinese-language crypto scam market, but new channels have already re-emerged—showing challenges in moderation and law enforcement.
Criminal case: a 19-year-old in the US has been arrested again for violating post-charge release for the theft of US$245 million in crypto.
---
📊 Market & On-Chain Insights
Bitcoin: on-chain liquidity is decreasing, signaling potential warnings, but there is still healthy consolidation; the 30-day average of ‘coin days destroyed’ indicates long-term investors continue to hold.
Token unlocks in the last week of June:
Blast (BLAST) – 10.5 billion tokens unlocked on June 26 (≈US$22.6 million)
Venom (VENOM) – 59 million tokens on June 25 (≈US$9.9 million)
Across Protocol (ACX) – 100 million tokens on June 30 (≈US$14 million).
---
🧭 Quick Review
1. The focus of Asian regulators is now tightening, with Singapore leading the crackdown.
2. The XRP case and the extension of on-chain support indicate that market potential is still open.
