Stablecoin Legislation May Drive the Bitcoin Market Cycle in 2025
Although the price of Bitcoin (BTC) has been in a consolidation phase recently, the upcoming digital asset legislation could become the next significant catalyst for the world's first cryptocurrency.
According to Alice Li, partner and U.S. head at crypto venture capital firm Foresight Ventures, the proposed stablecoin regulations, such as the "U.S. Stablecoin Innovation Act" (GENIUS) bill, could lay the groundwork for Bitcoin to reach a peak of over $150,000.
Meanwhile, interest from venture capital (VC) has declined. The number of VC deals recorded in May hit an annual low, with only 62 rounds raising $909 million.
Has Bitcoin been taken over by politics and institutions?
Sixteen years after the birth of Bitcoin, it is no longer just a dark web experiment or a countercultural asset. By 2025, it is increasingly interacting with politicians, institutions, and Wall Street giants.
This transformation was particularly evident at the recent Bitcoin 2025 conference held in Las Vegas.
In this week's (Byte-Sized Insight), Cointelegraph's Gareth Jenkinson explores whether politics and institutions have taken control of Bitcoin or if the importance of Bitcoin's status is undeniable.
The transformation of Bitcoin 2025
Once limited to Bitcoin believers, the conference now attracts numerous political and financial leaders. This indicates that Bitcoin has caught the attention of political and financial elites.
BTC breaks through 105,000 USD, daily increase of 0.44%
According to HashKey's news and data from OKX, BTC has just broken through 105,000 USD, currently priced at 105,000.00 USD per coin, with a daily increase of 0.44%.
In the past 24 hours, the total liquidation amount in the cryptocurrency market reached $952 million, primarily from long positions.
According to news from HashChain, Coinglass data shows that the total liquidation amount in the cryptocurrency market in the last 24 hours has reached $952 million. Among them, the liquidation amount for long positions was $809 million, while the liquidation amount for short positions was $143 million.
According to Hashlink news, based on data from OKX, ETH has just fallen below $2500, with the current price at $2499.40 per coin, a daily decline of 3.49%.
Circle stock price surged by over 40% at one point, currently up 38%
According to news from HashiChain and reports from Jin10, the stock price of stablecoin giant Circle (CRCL.K) once surged by over 40%, and is currently up by 38%.
BTC breaks through 105,000 USD, daily increase of 0.47%
According to Hash World, the European OKX market shows that BTC has just broken through 105,000 USD, currently priced at 105,032.40 USD per coin, with a daily increase of 0.47%.
Today, there was a net outflow of 2,368 BTC from Bitcoin ETFs and a net inflow of 6,589 ETH into Ethereum ETFs.
According to news from Hash World and monitoring data from Lookonchain, today there was a net outflow of 2,368 Bitcoins from 10 Bitcoin ETFs, with a total value of approximately $248.23 million. Among them, the ARK21Shares ETF had an outflow of 998 Bitcoins, valued at around $104.6 million, currently holding 45,616 Bitcoins, with a total value of about $4.78 billion. At the same time, 9 Ethereum ETFs showed a net inflow of 6,589 Ethereums, valued at approximately $1.66 million. Among them, the iShares ETF (by BlackRock) had an inflow of 13,480 Ethereums, valued at around $33.96 million, currently holding 1,506,775 Ethereums, with a total value of about $3.8 billion.
The Call for Digital Preservation Action Against Big Data Deletion
Comment: From Phil Mataras, Founder and CEO of AR.io
Data does not disappear into thin air. It is deleted, erased, buried—often intentionally.
Whenever a new government takes office, priorities are reordered. This is understandable, but the disappearance of credible data is unacceptable. Particularly in the United States, this phenomenon has emerged with alarming speed, alerting those who care about the truth.
From public health data to economic indicators, entire datasets are taken offline without announcement or explanation. Historical revisionism is happening in real time.
After expanding into the Solana ecosystem, 1inch regained its dominant position among DEX aggregators with a 60% market share in May.
According to reports from Hash World, the DEX aggregator 1inch has regained its market dominance by expanding into the Solana ecosystem, with its market share climbing to 60% in May, doubling from its low point in March. Data shows that its Solana version, launched at the end of April, accurately captured the trading frenzy of MEME coins on that chain, driving the platform's total trading volume to $31.5 billion, accounting for 60% of the industry's historical peak trading of $5.2 billion. This strategic expansion has significantly changed the competitive landscape, squeezing the shares of competitors like CoW Swap and Kyber. Analysts point out that Solana currently hosts 86% of new token issuance (with the Base chain accounting for 10%), and 1inch's rapid success may force other aggregators to accelerate their multi-chain strategies. This reshuffling of market share indicates that, amidst the high fees generated by MEME coin trading, the choice of ecosystem has become a key variable in the competition among DEX aggregators.
X: Polymarket has become the official prediction market partner of X
According to news from Hash World, the official X platform has announced that Polymarket has been confirmed as the formal prediction market partner of X.
The U.S. House of Representatives will review the crypto market structure bill next week and examine Trump's 'crypto-related misconduct'
According to reports from Hash World Chain, the U.S. House of Representatives will review the Digital Asset Market Structure Bill (CLARITY Act) next week, with the hearing scheduled for 10 AM ET on June 10. The crypto sector is jointly calling for the inclusion of the Blockchain Regulatory Certainty Act (BRCA). There are internal disagreements about the bill, as some crypto firms are concerned it may disrupt the competition between traditional finance and crypto enterprises. Additionally, Democratic members of the House Financial Services Committee will hold a hearing on the same day, primarily examining Trump's crypto-related misconduct and the potential risks of the CLARITY Act. Witnesses for the hearing include former CFTC Chairman Timothy Massad, with topics addressing national security and investor protection issues related to the Stop Trump Crypto Act (H.R.3573).
Binance Wallet launches a new round of BNB Smart Chain trading competition on Binance Alpha, offering rewards equivalent to $3.3 million
According to reports, Binance Wallet has launched a BNB Smart Chain trading competition on Binance Alpha. During the event, participants will have the opportunity to share a total reward of $3.3 million by trading LA, RDO, RWA, BDXN, ELDE, and TGT using Binance Wallet (without private keys) or Binance Alpha. The event runs from June 7, 2025, 00:00 to June 21, 2025, 00:00 (UTC+8).
Former Ripple executive Greg Kidd will acquire a controlling stake in Know Labs and launch a bitcoin financial strategy for the company.
According to news from Hash World, it has been reported that Know Labs, a publicly traded company focused on non-invasive health monitoring technology, has reached a controlling acquisition agreement with fintech investor Greg Kidd's company Goldeneye 1995 LLC. Kidd, who previously served as Ripple's Chief Risk Officer, will become the company's CEO and Chairman of the Board after the deal is completed. Under the agreement, the acquirer will complete the transaction at a price of $0.335 per share, using a combination of 1,000 bitcoins (based on current market price) and cash, with the cash portion used for debt repayment and to supplement operating funds. The bitcoins will be included on the company's balance sheet, accounting for 82% of the current market value, implying a valuation of 1.22 times. Greg Kidd plans to introduce a bitcoin revenue strategy to the public market. The company's founder, Ron Erickson, will transition to president of a new department and continue to lead technology development. The transaction has been unanimously approved by the board and is expected to be completed in the third quarter of 2025.
Trump: The Federal Reserve Should Cut Interest Rates by 100 Basis Points
According to reports from Jinshi, Trump stated on social media: "The Federal Reserve's 'big delay' is a disaster! Europe has cut interest rates 10 times, while we haven't done it even once. Despite his presence, our country is still performing well. Cut rates by one percentage point and fill up the tank!"
Block building service provider Beaverbuild deposited 5,500 ETH to Binance 1 hour ago
According to blockchain analyst monitoring information, block building service provider Beaverbuild deposited 5,500 ETH to Binance 1 hour ago, with this deposit valued at 13.63 million USD. As one of the largest block builders on the Ethereum network, this address has accumulated a total of 24,519 ETH deposited to exchanges since November 2023, with a total value of 66.46 million USD.
Singapore Close to Banning Digital Token Services Exclusively for Overseas Customers
The Monetary Authority of Singapore (MAS) clarified its Digital Token Service Provider (DTSP) regime, amid industry panic over a potential ban on crypto companies serving overseas customers.
In the announcement on June 6, MAS reiterated that cryptocurrency companies providing digital payment tokens and capital market product tokens for overseas markets need to obtain a license starting June 30.
However, the regulator warned that licenses will only be issued in "extremely limited circumstances." MAS stated that due to the difficulty in supervising offshore companies and money laundering risks, licenses will not be issued easily.
Publicly traded company Davis Commodities plans to invest $4.5 million in Bitcoin
According to HashChain News, Davis Commodities, a publicly traded agricultural trading company based in Singapore, plans to establish a strategic reserve of Bitcoin. The company has announced that it successfully raised $30 million in funding, of which 15%, or $4.5 million, will be used to purchase Bitcoin.