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The crypto market cap surged 2.8% today, hitting a new high of $3.37 trillion, largely driven by a ceasefire agreement in the Middle East. This geopolitical de-escalation has boosted investor confidence, reducing risk-off sentiment that previously weighed on volatile assets like cryptocurrencies. The rally reflects a broader market relief, with major coins like Bitcoin and XRP leading gains. However, the sustainability of this uptick remains uncertain as traders monitor global stability and macroeconomic cues, such as U.S. interest rate expectations. Reuters reports that the ceasefire has also lifted equities and commodities, suggesting a correlated risk-on environment.

Other News:

Positive

XRP Surges Past $2.2: XRP has skyrocketed beyond $2.2, driven by the market rebound and growing institutional adoption, signaling strong bullish momentum.

Solana’s Kazakhstan Deal: Solana signed an MoU with Kazakhstan to foster blockchain growth through education and startup support, expanding its global footprint.

Thailand’s Crypto Tax Break: Thailand’s five-year tax exemption on crypto profits, effective January 2025, aims to position it as a blockchain hub, attracting investors.

Binance Lists Newton Protocol: Binance’s listing of Newton Protocol (NEWT) with a 12.5M token airdrop for BNB holders boosts market enthusiasm for new tokens.

Neutral

Bitcoin Holds Strong: Bitcoin hovers just below $100,000 at $101,941.18, up 1.2% in 24 hours, maintaining its role as a market stabilizer.

US Stablecoin Regulation: The GENIUS Act introduces federal oversight for stablecoins, ensuring full backing, which could enhance trust but may increase compliance costs.

Fiserv’s Stablecoin Launch: Fortune 500 firm Fiserv plans to launch FIUSD, a US-dollar stablecoin, by late 2025, signaling corporate entry into crypto.

Negative

Ether’s Speculative Surge: Ethereum’s price rise is tied to speculative futures, leaving it exposed to volatility from geopolitical or regulatory shifts.

Japan’s Crypto Complaints: Japan’s FSA noted over 300 monthly crypto-related complaints, highlighting consumer risks and prompting calls for tighter regulations. Bloomberg reports increased scrutiny in Japan’s crypto sector.

Top Movers and Market Opportunities

The biggest movers today are XRP and Ethereum. XRP’s surge past $2.2 reflects strong buying pressure and institutional interest, making it a standout performer. However, its rapid climb suggests caution, as overbought conditions could trigger a pullback. Ethereum’s speculative rally, while notable, carries higher risk due to its sensitivity to external factors like geopolitical news.

Bitcoin Price Evolution Chart

Bitcoin Price Evolution (June 2025) $102,000 | █ $101,500 | █ █ $101,000 | █ █ █ $100,500 | █ █ █ █ $100,000 | █ █ █ █ █ $99,500 | █ █ █ █ █ █ $99,000 | █ █ █ █ █ █ █ |___________________________ 6/20 6/21 6/22 6/23 6/24 6/25

Bitcoin’s steady hold near $100,000 underscores its role as a market anchor, with minor fluctuations reflecting broader market sentiment tied to the ceasefire news.

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Bitcoin’s Record High: Bitcoin (BTC) breaks through $106,000, setting a new price milestone.

Market Cap Growth: The global cryptocurrency market cap rises 2.9% to $3.28 trillion.

Geopolitical Boost: Easing Middle East tensions enhance investor confidence.

Altcoin Momentum: SEI, APT, and UNI post significant gains, reflecting broad market strength.

Bitcoin Soars to New Heights: Unpacking the $106,000 Breakthrough

A Monumental Rally for Bitcoin

Bitcoin BTC has achieved a historic milestone, surging past $106,000 and pushing the global cryptocurrency market capitalization to a staggering $3.28 trillion, a 2.9% increase as reported in late 2024. This rally, driven by a combination of geopolitical stability, institutional adoption, and supportive policy signals, highlights Bitcoin’s growing dominance in the financial landscape. According to CoinGecko, the crypto market cap reached $3.38 trillion in June 2025, with Bitcoin accounting for 62.22% of the total market, underscoring its pivotal role.

Key Drivers of the Surge

Several factors have fueled Bitcoin’s ascent to this record high:

Geopolitical Stability: Easing tensions in the Middle East have reduced global market uncertainty, encouraging investment in risk assets like cryptocurrencies. Reuters reported that the crypto market topped $3 trillion in November 2024, partly due to optimism following a U.S. presidential election.

Institutional Investment: Major corporations and institutions are increasingly embracing Bitcoin. For example, Norwegian firm Green Minerals acquired 4 BTC as part of a $1.2 billion treasury strategy, while ProCap BTC purchased 3,724 BTC for $387 million, signaling strong institutional confidence.

Policy Optimism: President-elect Donald Trump’s proposal for a U.S. Bitcoin strategic reserve, likened to the nation’s oil reserves, has sparked enthusiasm. This policy, noted by Reuters, has driven speculative bets on Bitcoin’s long-term value.

Altcoins Ride the Wave

The bullish sentiment extends beyond Bitcoin, with altcoins posting impressive gains:

Cryptocurrency Price Increase Key Driver SEI 23.2% Altcoin rally APT 13.9% Market optimism UNI 7.8% Broad adoption

Ethereum ETH has seen renewed interest following the passage of the Genius Act, which could channel fresh capital into its ecosystem, as noted on X. The total crypto market cap hit $3.27 trillion, with altcoins like Solana (SOL) and XRP also gaining traction amid ETF proposals.

Market Dynamics and Volatility

Despite the bullish momentum, market volatility remains a factor. CoinGecko’s Q1 2025 report noted that Bitcoin hit a high of $106,182 in January 2025 but faced a pullback to $82,514 by quarter-end, reflecting short-term fluctuations. Whale activity has introduced caution, with Bitcoin’s price oscillating between $103,000 and $106,000. However, Bitcoin’s resilience is evident, having maintained levels above $100,000 for over five weeks, as highlighted on X.

Bitcoin surpasses $106,000 as the crypto market cap rises 2.9% to $3.23 trillion, driven by easing tensions in the Middle East. pic.twitter.com/yvD4V4JFv3

— CRYPTO NEWS (@CryptoNewsXBT) June 25, 2025

Broader Market Developments

The rally aligns with significant crypto market trends:

ETF Momentum: The New York Stock Exchange’s filing for a Truth Social Bitcoin and Ethereum ETF by Trump Media and Technology Group signals growing mainstream adoption. Reuters reported $4.05 billion in net flows into Bitcoin ETFs since November 2024.

Token Unlocks: Projects like BLAST and VENOM (unlocking 59.26M tokens worth $9.9M) are set to inject liquidity, potentially sustaining market growth.

Implications for Investors

For retail investors, Bitcoin’s surge underscores its role as a hedge against inflation and economic uncertainty. Coinbase reported Bitcoin’s price at $106,427.85 in June 2025, a 1% increase from the previous day, reflecting steady demand. However, the crypto market’s volatility requires caution. Investors should stay informed about developments like ETF approvals and token unlocks to navigate this dynamic landscape.

Looking Forward

Bitcoin’s climb past $106,000 marks a turning point for the cryptocurrency market. With a $3.28 trillion market cap, institutional backing, and favorable geopolitical conditions, the stage is set for continued growth. CoinGecko’s data suggests Bitcoin’s dominance will persist, but altcoins and emerging trends like DeFi and stablecoins will also shape the market’s future. As the crypto space evolves, diligence and awareness remain key for investors.

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Dogecoin (DOGE) has experienced a significant surge, with a 7% price increase overnight, following Elon Musk’s suggestion of integrating it into the X Payments platform. This development underscores the growing potential for real-world applications of the cryptocurrency beyond speculative trading.

For long-term holders and those seeking passive income, QFSCOIN offers a solution to earn Dogecoin without being subject to market volatility. QFSCOIN has revolutionized the process by providing Dogecoin mining with no setup, no hardware requirements, and a straightforward experience.

QFSCOIN: Transforming a Meme into Profit

Established in the United States in 2019, QFSCOIN has become a prominent name in cloud mining. Unlike conventional mining, which demands expensive equipment and high electricity costs, QFSCOIN enables users to mine Dogecoin, Bitcoin, and Litecoin using remote, automated infrastructure.

QFSCOIN operates data centers in the U.S., Canada, Norway, and Iceland, ensuring optimized performance and robust security as a reliable cloud mining provider.

Effortless Dogecoin Mining for All Skill Levels

QFSCOIN has eliminated the complexities and expenses traditionally associated with Dogecoin mining. Upon registration, users receive a $30 bonus, allowing them to begin free cloud mining immediately, without requiring an initial deposit.

Users can then select from various contracts designed to suit different budgets and return objectives, from beginners to those making substantial investments. For comprehensive details on QFSCOIN’s mining contracts and projected returns, please visit their official website.

Each plan includes daily automated payouts, ensuring earnings are received without manual claims. The absence of hardware setup or maintenance fees makes it an exceptionally hands-off income stream.

What Makes QFSCOIN Stand Out?

QFSCOIN’s longevity, transparency, and AI-driven mining optimization distinguish it within the industry. Here’s why QFSCOIN is a strong option for cloud mining in 2025:

Free cloud mining package with no upfront payment

24/7 customer support

Daily automated payouts to your wallet

No electricity or maintenance fees

Advanced security with SSL encryption and DDoS protection

Generous 3% affiliate commission for referrals

QFSCOIN is increasingly recognized as a leading cloud mining service, appealing to both novice and experienced cryptocurrency users, due to its growing trust and functionality.

Getting Started in Minutes

The process of starting with QFSCOIN is remarkably simple, even for those new to mining or digital wallets:

Step 1: Sign Up: Visit the official QFSCOIN website and register using your email. The platform is user-friendly and provides immediate access.

Step 2: Claim Your Bonus: Upon registration, you will automatically receive a $30 bonus for free cloud mining, requiring no credit card or deposit.

Step 3: Select Your Mining Plan: Choose a contract that aligns with your investment size and time frame. QFSCOIN offers a wide array of options suitable for all levels of miners.

From this point, QFSCOIN manages the operational aspects. Their AI technology maximizes mining efficiency, and their risk management protocols protect assets in volatile markets.

Dogecoin’s Promising Future

Elon Musk’s remarks about X Payments signal a significant shift towards using DOGE in global transactions, extending beyond mere speculation. As Dogecoin gains broader utility, its long-term value has the potential to increase substantially.

QFSCOIN enables users to consistently earn DOGE without needing to speculate or purchase it at market highs. Instead, users can mine it directly through a trusted cloud mining service designed for everyday users.

Conclusion: Capitalizing on the Hype

While Dogecoin originated as a meme, its future is becoming increasingly serious. As it moves closer to mainstream payment integration, now is an opportune time to strategically engage with it, and QFSCOIN provides the tools to profit from this momentum.

Whether you are interested in Dogecoin mining, Bitcoin mining, or simply wish to explore free cloud mining, QFSCOIN offers a suitable plan. It provides a secure and innovative cloud mining experience.

Website: https://qfscoin.comTwitter: https://x.com/qfscoinYouTube: https://www.youtube.com/@qfscoin

Disclaimer: This press release does not constitute a solicitation for investment, nor is it intended as investment, financial, or trading advice. Cryptocurrency mining and staking involve risk, including the potential loss of funds. It is strongly advised to conduct due diligence, including consulting with a professional financial advisor, before investing in or trading cryptocurrency and securities.

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Historic Legislation: Texas became the first U.S. state to establish a state-backed Bitcoin reserve through Senate Bill 21, signed into law on June 21, 2025.

Purpose: The reserve aims to hedge against inflation and diversify Texas’ financial reserves, managed by the Texas Comptroller of Public Accounts.

Investment Scope: The fund is limited to cryptocurrencies with an average market capitalization of at least $500 billion over the past 24 months, currently only Bitcoin (BTC).

Bipartisan Support: The bill passed with strong bipartisan backing, 25-5 in the Senate and 101-42 in the House, reflecting Texas’ crypto-friendly stance.

Economic Impact: The reserve positions Texas as a leader in digital asset adoption, potentially influencing other states and federal policy.

In a groundbreaking move, Texas has become the first U.S. state to establish a state-backed Bitcoin (BTC) reserve, following the signing of Senate Bill 21 (SB 21) into law by Governor Greg Abbott on June 21, 2025. The legislation, officially titled the Texas Strategic Bitcoin Reserve and Investment Act, marks a bold step in integrating cryptocurrencies into state financial strategies, aiming to hedge against inflation and diversify Texas’ financial reserves. This development positions Texas as a pioneer in state-level cryptocurrency adoption, potentially setting a precedent for other states and even federal policy.

The Road to Senate Bill 21

Introduced by Senator Charles Schwertner (R-Georgetown) and sponsored in the House by Representative Giovanni Capriglione (R-TX), SB 21 passed the Texas Senate on March 6, 2025, with a 25-5 vote and the House on May 21, 2025, with a 101-42 vote. The bill received bipartisan support, reflecting Texas’ growing reputation as a hub for blockchain and cryptocurrency innovation. “Senate Bill 21 is about recognizing digital assets not as a trend but as a strategic opportunity,” Capriglione stated on the House floor, emphasizing the bill’s role in “strengthening the state’s fiscal resilience”.

The legislation establishes the Texas Strategic Bitcoin Reserve, a special fund outside the state treasury, managed by the Texas Comptroller of Public Accounts. The fund is financed through legislative appropriations, dedicated revenue streams, investment proceeds, and voluntary cryptocurrency donations from Texas-domiciled individuals. To ensure financial prudence, investments are restricted to cryptocurrencies with an average market capitalization of at least $500 billion over the previous 24 months, a threshold currently met only by Bitcoin (BTC).

Why a Bitcoin Reserve?

The primary goal of the bitcoin reserve is to serve as a hedge against inflation and economic volatility. Senator Schwertner argued, “Texas cannot expect to put its money in a one-percent savings account and keep up with inflation. We need to be forward-thinking as individuals are when it comes to financial assets”. Bitcoin (BTC), often referred to as “digital gold” due to its limited supply of 21 million coins and decentralized nature, is seen as a store of value comparable to traditional assets like gold or land.

Texas’ move comes amid a broader national trend, with states like New Hampshire and Arizona also adopting Bitcoin reserves. The state’s decision aligns with comments from Lieutenant Governor Dan Patrick, who stated, “Some have called Bitcoin ‘digital gold,’ and I believe its limited supply and decentralized nature make it a critical asset for Texas’ future”.

1/Texas just passed a law to create a Strategic Bitcoin Reserve.Not a resolution. Not a study.A real, codified plan for the state to acquire and hold Bitcoin.We’re officially past the point of theory. pic.twitter.com/ck8AzieXQv

— BTC in D.C. (@btcindc_) May 29, 2025

This sentiment is echoed in posts on X, such as one from @btcindc_ on May 29, 2025, which celebrated Texas’ move: “A real, codified plan for the state to acquire and hold Bitcoin. We’re officially past the point of theory”.

Structure and Safeguards

The Texas Strategic Bitcoin Reserve is designed with several safeguards to mitigate the risks associated with cryptocurrency’s volatility. The Comptroller can contract with Texas-based third-party custodians and liquidity providers with audited financial records and expertise in digital asset management. Additionally, a five-member Texas Strategic Bitcoin Reserve Advisory Committee, including cryptocurrency experts, will guide investment strategies and risk management. The Comptroller is required to publish biennial reports detailing the reserve’s holdings, valuation changes, and administrative actions, ensuring transparency.

The bill also allows the Comptroller to engage in activities like staking and using financial derivatives, provided legal ownership remains with the state. However, concerns about volatility and security remain. Critics argue that Bitcoin (BTC)’s price fluctuations—evident in its recent drop from $109,350 in January 2025 to $85,821 amid market volatility—pose risks to taxpayer funds. To address these concerns, the legislation includes stricter oversight provisions and limits speculative spending.

Economic and National Implications

Texas’ economy, the second-largest in the U.S. with a GDP of $2.7 trillion in 2024, stands to benefit from its crypto-friendly policies. The state has already attracted major Bitcoin mining operations and fintech companies, and the reserve could further solidify its position as a digital asset hub. Lee Bratcher, president of the Texas Blockchain Council, testified that “a strategic Bitcoin reserve is an amount of Bitcoin that’s set aside for emergency purposes or for the long-term well-being of the state’s finances”.

Key Details of Texas Strategic Bitcoin Reserve (SB 21)

Aspect Details Legislation Senate Bill 21, signed June 21, 2025 Purpose Hedge against inflation, diversify state financial reserves Management Texas Comptroller of Public Accounts, with advisory committee Investment Criteria Cryptocurrencies with ≥$500B market cap over 24 months (currently only BTC) Funding Sources Legislative appropriations, revenue streams, investment proceeds, donations Safeguards Third-party custodians, biennial reports, risk management via advisory committee Status Effective September 1, 2025

Key Details of Texas Strategic Bitcoin Reserve (SB 21)

Nationally, Texas’ move could influence other states and federal policy. Investment manager VanEck estimates that if 20 proposed state-level Bitcoin reserve bills are enacted, approximately $23 billion worth of Bitcoin (BTC), or about 247,000 BTC, could be acquired. This trend is gaining momentum, with Senator Cynthia Lummis proposing federal legislation to purchase 1 million BTC over five years.

Looking Ahead

While Texas’ Bitcoin reserve is a pioneering step, it has sparked debate. Critics argue that government involvement in a decentralized asset like Bitcoin (BTC) contradicts its ethos and exposes taxpayers to financial risks. Supporters, however, see it as a forward-thinking strategy to bolster Texas’ financial resilience in an evolving digital economy.

As the law takes effect on September 1, 2025, the success of the Texas Strategic Bitcoin Reserve will depend on prudent management and market conditions. With Bitcoin (BTC)’s price volatility and global economic uncertainties, all eyes will be on Texas as it navigates this uncharted territory. Whether this move inspires other states or serves as a cautionary tale remains to be seen, but for now, Texas is leading the charge in state-backed cryptocurrency adoption.

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On June 14, 2025, Kyiv became the epicenter for the Web3 community from across Ukraine and the world as it hosted Incrypted Conference 2025. Organized by Ukraine’s largest crypto media outlet, Incrypted, the event gathered nearly 3,000 participants at the Parkovy Convention and Exhibition Center, reaffirming its status as the biggest crypto conference in Eastern Europe.

Key numbers from the event:

3,000+ offline participants

8,000+ views of the conference recording

34,000+ views of the online marathon

25+ speakers

30+ partners

40+ media partners

Additionally, during a charity auction held at the event, nearly 750,000 UAH were raised to support Ukrainian soldiers.

Throughout the day, attendees listened to presentations by leading industry experts, participated in networking, and explored the latest products in the crypto industry. Over 25 speakers took the stage, including developers, CEOs of blockchain and crypto-focused companies, and representatives of Ukrainian state authorities.

Among the notable guests were Bitcoin developer Peter Todd, whom HBO has referred to as a potential Satoshi Nakamoto, and several Ukrainian officials actively involved in shaping crypto regulations: Danylo Hetmantsev, Yaroslav Zhelezniak, and Ruslan Magomedov. Other prominent speakers included Anton Dziuba (CEO of DOUBLETOP), Kostiantyn Kudo (Cryptology Key), Cryptomannn, and various experts in crypto markets, Web3, trading, and cybersecurity.

The conference covered pressing topics for the crypto community: regulation of digital assets in Ukraine, the evolution of Web3, trading strategies, anti-manipulation measures, and the current state of the market. Attendees were not only able to listen to speaker presentations but also engage with them offstage.

Incrypted also organized an online livestream of the conference, which has already been viewed by over 8,000 people. Ahead of the offline event, as part of Ukrainian Blockchain Week, the team also held an online marathon, which received over 34,000 views on YouTube and X (Twitter). The broadcast featured top industry players, including Richard Teng (CEO of Binance), Illia Polosukhin (co-founder of Near Protocol), Armani Ferrante (founder of Backpack), Jason Lau from OKX, and many others.

The conference was supported by over 30 partners, many of whom had booths where visitors could test services, win prizes, and talk directly with project teams.

Over 40 media outlets, including international ones, partnered with Incrypted Conference 2025 — a testament to the growing global interest in Ukraine’s crypto market.

“Every year, Incrypted Conference raises the bar. In 2025, we not only gathered a record number of offline participants but also attracted thousands of online viewers. This shows that the Ukrainian crypto community is more alive and ambitious than ever”, said Ivan Pavlovskyy, CEO of Incrypted.

He also emphasized that Incrypted will continue working toward its mission — to promote and grow Ukraine’s Web3 community.

The media team also organized Ukrainian Blockchain Week, which featured a series of Web3-focused events throughout the week. Incrypted aims to bring top crypto projects to Ukraine so that the local community not only stays informed about global trends but plays an active role in shaping them.

“We have every reason to succeed: Ukrainian developers, founders, and teams already play key roles in leading global projects. Almost every blockchain company has a Ukrainian in a C-level position. Our potential is incredible. And our goal is not just to maintain this level but to make Ukraine one of the epicenters of the global Web3 ecosystem,” added Pavlovskyy.

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The U.S. Senate passed the GENIUS Act, a landmark bill to regulate stablecoins, with strong bipartisan support (68-30 vote).

The act aims to establish a clear regulatory framework for stablecoins, requiring 1:1 backing by liquid assets and monthly disclosures.

Major crypto-related stocks, including Coinbase (COIN), Circle (CRCL), and SRM Entertainment (SRM), saw significant surges following the news.

President Donald Trump publicly supported the GENIUS Act, urging its swift passage to his desk.

The legislation is seen as a major step towards making the U.S. a global leader in crypto innovation and could unlock significant growth in the stablecoin market.

The cryptocurrency market is experiencing a significant uplift this week, driven by a pivotal development in U.S. regulatory landscape. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act successfully passed the Senate with a decisive 68-30 bipartisan vote. This landmark legislation, aimed at creating a comprehensive federal framework for stablecoins, has ignited a wave of optimism across the digital asset sector, leading to substantial rallies in key crypto stocks.

The GENIUS Act, introduced by Tennessee Senator Bill Hagerty, represents a watershed moment for the crypto industry, providing much-needed regulatory clarity for digital currencies pegged to traditional assets like the U.S. dollar. The bill mandates that stablecoins must be 1:1 backed by highly liquid assets, such as U.S. dollars and short-term Treasury bills, and requires issuers to publicly disclose the composition of their reserves on a monthly basis. This framework is designed to instill greater confidence and stability in the burgeoning stablecoin market, which is currently valued at nearly $260 billion.

Following the Senate’s approval, major players in the crypto space witnessed impressive stock performance. Coinbase (COIN), a leading cryptocurrency exchange, saw its shares climb by 16.32% to $295.29, signaling strong institutional interest in the evolving crypto landscape. Crypto entrepreneur Anthony Pompliano remarked that Coinbase’s surge indicates “Wall Street wants Bitcoin and crypto assets,” highlighting the broader market sentiment.

Meanwhile, Circle (CRCL), the issuer of USDC, the second-largest stablecoin by market capitalization, experienced an even more dramatic rise, with its stock soaring by 33.82% to $199.59. As a primary beneficiary of stablecoin regulation, Circle stands to gain significantly from the GENIUS Act, given that a substantial portion of its revenue is derived from interest earned on USDC reserves. Circle’s recent public listing on the NYSE, where its shares initially jumped 167%, underscores the market’s anticipation for such regulatory advancements.

Even SRM Entertainment (SRM), a company less directly tied to stablecoin issuance but recently making headlines for a reverse merger with Tron, also saw a notable increase of 35% in its stock price, as reported by Tiger Brokers.16 This indicates a broader positive sentiment radiating across various segments of the crypto industry.

The political backing for the GENIUS Act has also been a significant catalyst. President Donald Trump, a vocal proponent of fostering crypto innovation in the U.S., publicly urged the House of Representatives to swiftly pass the bill. In a post on Truth Social, President Trump stated his desire to get the GENIUS Act to his desk “ASAP — NO DELAYS.” This sentiment was echoed by White House AI and crypto czar David Sacks, who thanked Trump for delivering on his “promise to make the USA the crypto capital of the planet.”

The GENIUS Act is seen as more than just stablecoin regulation; it’s a potential catalyst for wider crypto adoption. By providing clear rules and consumer protections, the bill aims to bolster confidence for investors, financial institutions, and businesses, potentially encouraging them to treat stablecoins as a more legitimate and trustworthy currency. This, in turn, could pave the way for increased mainstream acceptance of the broader cryptocurrency ecosystem, including major digital assets like Bitcoin and Ethereum.

While the reception has been largely positive, some critics have raised concerns regarding potential implications for existing bankruptcy law and the possibility of favoring industry insiders. However, proponents emphasize that the benefits of regulatory clarity and consumer protection outweigh these concerns, setting the stage for a new era of growth and stability in the U.S. crypto market. The bill now moves to the House of Representatives for approval, with strong indications of a successful passage before Congress’s August recess.

Recent performance of key crypto stocks:

Company Ticker Price (Close Jun 19, 2025) Daily Change (%) Coinbase COIN $295.29 +16.32% Circle CRCL $199.59 +33.82% SRM Ent. SRM $8.20 +35%

Source: Google Finance data, Tiger Brokers

The passage of the GENIUS Act marks a significant turning point, promising a more regulated yet potentially more expansive future for stablecoins and the broader crypto market in the United States. The industry is watching closely as the bill progresses to the House, eager to embrace what many are calling a “Stablecoin Summer.”

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In a landmark move for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act (S.1582) on June 17, 2025, with a decisive 68-30 vote, establishing the first comprehensive federal framework to regulate stablecoins—digital currencies like Tether (USDT) and USD Coin (USDC) designed to maintain a stable value, typically pegged to the U.S. dollar. The legislation, which cleared a procedural hurdle on June 11 with a 68-30 vote, aims to enhance market stability and protect consumers while fostering innovation in the rapidly growing $232 billion stablecoin market.

What is the GENIUS Act?

The GENIUS Act (Generating Exceptional National Initiatives for U.S. Stablecoins) sets strict rules for stablecoin issuers, requiring them to hold one-to-one reserves in liquid assets like U.S. Treasuries or cash to back their tokens. It mandates compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations to prevent illicit activities, addressing long-standing concerns about stablecoins’ role in financial systems. The act distinguishes between issuers based on size: those with a market cap below $10 billion are regulated by states, while larger issuers face federal oversight from the Office of the Comptroller of the Currency (OCC) or the Federal Reserve.

Senator Bill Hagerty, the bill’s sponsor, hailed it as a step toward “unleashing innovation and opportunity for Americans while enhancing our national security and ensuring the dollar remains the world’s reserve currency”. The legislation also excludes stablecoins from being classified as securities, placing them under banking-like supervision rather than Securities and Exchange Commission (SEC) oversight.

Why Stablecoin Regulation Matters

Stablecoins, which account for over 10% of the $3.27 trillion global crypto market as of June 18, 2025, are critical for trading, cross-border payments, and decentralized finance (DeFi). Unlike volatile cryptocurrencies like Bitcoin (BTC), stablecoins aim to maintain a steady value, making them a popular choice for investors and businesses. However, high-profile failures like Terra Luna’s collapse in 2022 exposed risks of de-pegging and fraud, underscoring the need for regulation.

The GENIUS Act addresses these risks by ensuring transparency and reserve backing, which could prevent runs on stablecoins during market stress. “The GENIUS Act sets a high bar for consumer protections, giving stablecoin holders priority in bankruptcy proceedings,” said Senator Cory Booker, a supporter of the bill. Chainalysis notes that stablecoins saw a surge in trading activity during the 2024 U.S. presidential election, highlighting their sensitivity to macroeconomic events and the need for robust oversight.

Controversies and Criticisms

Despite bipartisan support, the GENIUS Act faced criticism. Senator Elizabeth Warren warned that the bill “puts the entire financial system at risk” and lacks safeguards against conflicts of interest, particularly citing President Donald Trump’s ties to World Liberty Financial’s USD1 stablecoin. Warren argued that the legislation fails to address potential corruption risks, especially given Trump’s crypto ventures.

The bill’s 122 proposed amendments, many unrelated to crypto (e.g., credit card fee caps), also sparked debate, delaying progress until a streamlined version was approved. Critics further noted that stablecoin growth could increase demand for U.S. Treasuries, potentially introducing volatility to traditional financial markets.

What’s Next?

The GENIUS Act now heads to the House, where the STABLE Act, a similar bill, is under consideration. While the GENIUS Act emphasizes OCC oversight, the STABLE Act proposes joint federal regulator rules, creating potential differences to reconcile. Bipartisan momentum suggests a final law could emerge by late 2025, providing clarity for the $232 billion stablecoin market.

The legislation could reshape the crypto landscape, boosting confidence in stablecoins while aligning the U.S. with global regulatory trends. As Senator Adam Schiff noted, “This bill ensures America stays competitive in the digital economy while protecting consumers”.

Key Concepts of the GENIUS Act

One-to-One Reserves : Stablecoins must be backed 1:1 by liquid assets like U.S. Treasuries or cash to ensure stability and prevent de-pegging.

AML/KYC Compliance : Issuers must follow anti-money laundering and know-your-customer rules to combat fraud and illicit transactions.

Federal/State Oversight : Issuers with over $10 billion in market cap face federal regulation; smaller issuers are state-regulated.

Consumer Protections : Stablecoin holders get priority in bankruptcy, reducing risks of financial loss.

Innovation Boost : Regulatory clarity aims to drive mainstream adoption of stablecoins for payments and DeFi.

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Reverse Merger Announced: Tron will go public in the U.S. through a reverse merger with SRM Entertainment, rebranding as Tron Inc.

Financial Details: The deal includes a $100M equity investment, potentially rising to $210M with warrants, to buy TRX tokens for a crypto treasury.

Market Impact: TRX surged 2–10% to $0.287–$0.29, with SRM’s stock soaring 533.79% on June 16, 2025.

Key Players: Justin Sun will advise Tron Inc., with Dominari Securities, linked to the Trump family, orchestrating the deal.

Regulatory Context: The SEC’s paused fraud probe into Sun enables the listing, signaling a shift in crypto regulation.

In a landmark move for the cryptocurrency industry, Tron, the blockchain platform behind the TRX token, is set to go public in the United States through a reverse merger with Nasdaq-listed SRM Entertainment. The deal, announced on June 16, 2025, positions Tron to become a publicly traded entity, Tron Inc., with a bold strategy to hold TRX tokens as a corporate treasury asset, mirroring MicroStrategy’s Bitcoin model. The announcement sent shockwaves through the crypto market, with TRX prices climbing and SRM’s stock skyrocketing.

The Deal’s Structure: The reverse merger, facilitated by Dominari Securities, involves a $100 million equity investment into SRM Entertainment, with the potential to reach $210 million through warrants. These funds will be used to purchase TRX tokens, creating a crypto-focused treasury for Tron Inc. SRM, previously a toy and souvenir company, will rebrand as Tron Inc. and shift its business to leverage Tron’s blockchain ecosystem. “This transaction represents a significant milestone for Tron and the broader blockchain industry,” said a spokesperson for Tron, as reported by Reuters.

Justin Sun’s Role: Tron’s founder, Justin Sun, will serve as an adviser to Tron Inc., bringing his vision to the public markets. Sun’s involvement comes as the U.S. Securities and Exchange Commission (SEC) has paused its 2023 fraud investigation into him, a development that has cleared the path for this high-profile listing, according to the Financial Times. The pause in the probe signals a potential thaw in regulatory tensions, boosting confidence in Tron’s U.S. ambitions.

Market Reaction: The news triggered significant market activity. TRX surged by 2–10% on June 16, reaching prices between $0.287 and $0.29, with trading volumes spiking. SRM Entertainment’s stock experienced an even more dramatic rise, soaring 533.79% in a single day, reflecting investor enthusiasm for the crypto pivot. The deal’s resemblance to MicroStrategy’s Bitcoin accumulation strategy has drawn comparisons, with analysts suggesting Tron Inc. could set a precedent for crypto-backed public companies.

Political Connections: The involvement of Dominari Securities, a firm with ties to the Trump family, has sparked speculation about political influence. Early reports suggested Eric Trump might take a leadership role, but he clarified on June 16, 2025, via X, stating, “I am not taking a public role in Tron Inc., but I support Justin Sun and Tron’s vision for blockchain innovation.” Despite the denial, the Trump connection has fueled buzz, especially as Dominari’s parent company recently launched World Liberty Financial, a stablecoin project on the Tron network.

.@tier10k I’m the biggest fan of Tron and love @justinsuntron – he is a great friend and an icon in the crypto space. That said the below is inaccurate – I don’t have public involvement. https://t.co/CDt0uudY1s

— Eric Trump (@EricTrump) June 16, 2025

Broader Implications: The merger positions Tron to bridge the gap between decentralized finance (DeFi) and traditional markets, leveraging its blockchain’s high transaction throughput and low fees. With TRX as a treasury asset, Tron Inc. could attract institutional investors seeking crypto exposure through regulated markets. “This could be a game-changer for how blockchain projects integrate with public markets,” said crypto analyst Sarah Tran. However, risks remain, including regulatory scrutiny and TRX’s volatility, which could impact Tron Inc.’s valuation.

Looking Ahead: As Tron prepares for its Nasdaq debut, the crypto community is watching closely. The deal’s success could pave the way for other blockchain projects to pursue public listings, while its MicroStrategy-like strategy may inspire companies to hold digital assets like Ethereum or TRX as balance sheet reserves. For now, investors are riding the wave of optimism, but caution is advised given the crypto market’s inherent risks.

For more details, follow updates from SRM Entertainment’s filings or Tron’s official channels. The merger marks a pivotal moment for Tron and the crypto industry, blending innovation with mainstream finance in a high-stakes bet on blockchain’s future.

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GrantiX is a platform for those who want to give with confidence, knowing their funds will truly reach the right people. Thanks to blockchain, all transactions here are transparent, and misuse is prevented. Every step can be easily verified.

Unlike traditional foundations, where a large part of the funds goes to administration, GrantiX uses smart contracts. These automatically direct funds only to approved projects, increasing trust and making the support process more transparent.

The platform is especially helpful for social entrepreneurs and organizations that struggle to secure stable funding. With GrantiX, anyone can register their project, explain its mission, and receive direct support from donors. Priority is given to initiatives supporting the elderly, inclusion, animal welfare, culture, and urban development.

A Digital Community Changing Lives

GrantiX is not just a collection of projects. It is a living ecosystem where users participate in platform development through DAO mechanisms. Every donor can vote on ideas, track reports, and influence how the support system functions. This makes charity a collective effort and increases public involvement.

The Future Is Here

GrantiX is actively building partnerships and launching new features to make project support even more effective. Here, technology serves society, and every user becomes part of positive change. Join GrantiX and see how Web3 makes doing good transparent and fair.

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Market Plunge: The crypto market shed 7% of its value, falling to $3.3 trillion, after Israel’s airstrikes on Iran on June 13, 2025.

Key Declines: Bitcoin BTC dropped 5% to $103,464, Ethereum ETH fell 10% to $2,471, and altcoins like Solana SOL saw losses up to 11%.

Liquidations Surge: $1.2 billion in crypto positions were liquidated as investors shifted to safe-haven assets like gold and U.S. Treasuries.

Geopolitical Driver: Fears of Iranian retaliation and oil supply disruptions fueled risk-off sentiment in decentralized finance (DeFi).

Potential Recovery: Analysts suggest Bitcoin could rebound if U.S. monetary expansion follows, citing its historical resilience.

The decentralized finance (DeFi) sector, often hailed as a hedge against global uncertainty, took a significant hit on June 13, 2025, as escalating tensions between Israel and Iran sparked a broad market sell-off. The total cryptocurrency market capitalization dropped by 7% to $3.3 trillion, with Bitcoin BTC declining 5% to $103,464 and Ethereum ETH plunging 10% to $2,471. Other major altcoins, including Solana SOL, XRP, and BNB, recorded losses between 4% and 11%, accompanied by $1.2 billion in crypto liquidations as investors fled to safer assets like gold and U.S. Treasuries.

Geopolitical Tensions as Market Catalyst

The market downturn followed Israel’s airstrikes on Iranian military targets, raising concerns about a potential full-scale conflict in the Middle East. Investors, wary of escalation, moved capital to traditional safe-haven assets, with gold climbing 0.75% to $3,428 per ounce and oil prices jumping 10% to $74 per barrel. “Cryptocurrencies are reacting like high-risk tech stocks, not safe havens, in this crisis,” said André Dragosch, head of research at Bitwise, highlighting the market’s sensitivity to geopolitical shocks.

Crypto’s Reaction to Crises

This isn’t the first time geopolitical events have shaken the DeFi space. In April 2024, Iran’s missile and drone attacks on Israel triggered a Bitcoin drop from $67,000 to $61,625, with $711 million in liquidations. The Israel-Hamas conflict in October 2023 saw Ethereum and Bitcoin fall by over 5% and 3%, respectively, according to CoinMarketCap. Similarly, Russia’s 2022 invasion of Ukraine caused a 9% Bitcoin decline. Despite these short-term dips, some experts remain bullish on crypto’s long-term prospects. Arthur Hayes, former BitMEX CEO, argues in his essay “Persistent Weak Layer” that Bitcoin could benefit from U.S. monetary expansion if it funds Israel’s war efforts through debt, noting its 25,000% outperformance against the Federal Reserve’s balance sheet.

Oil Prices and Economic Ripple Effects

The Israel-Iran conflict has pushed Brent Crude Oil prices to $74 per barrel, with fears of disruptions in the Strait of Hormuz—a key oil supply route—driving inflation concerns. Higher oil prices reduce the likelihood of central bank rate cuts, tightening liquidity and pressuring risk assets like cryptocurrencies.

Investor Sentiment and Market Volatility

The Crypto Fear & Greed Index fell 10 points to 61, signaling growing caution among investors while remaining in “Greed” territory. Volatility is expected to continue as markets await Iran’s response to Israel’s strikes. A limited conflict, similar to April 2024’s tit-for-tat attacks, could lead to a swift crypto recovery. However, a severe escalation—such as nuclear actions or oil supply disruptions—could deepen losses across DeFi markets.

Crypto Market Performance on June 13, 2025

Cryptocurrency Price (USD) 24-Hour Change Market Cap (USD) Bitcoin BTC 103,464 -5% 2.04T Ethereum ETH 2,471 -10% 297B Solana SOL 183 -11% 85B XRP 2.17 -4% 122B BNB 664 -8% 97B Source: CoinMarketCap

DeFi’s Long-Term Potential

Despite the immediate downturn, some analysts see a silver lining for DeFi. Hayes suggests that if the U.S. increases debt to support Israel, Bitcoin could serve as an inflation hedge, given its historical performance during monetary expansion. For now, DeFi investors face a turbulent landscape, balancing the promise of decentralized finance with the uncertainties of global conflict.

Key Concepts Explained

Safe-Haven Assets : Assets like gold or U.S. Treasuries that gain value during crises, unlike cryptocurrencies, which often drop due to their speculative nature.

Liquidations : Forced closures of crypto positions during sharp price drops, with $1.2 billion wiped out on June 13, 2025.

Monetary Expansion : Increased money supply by central banks, potentially boosting Bitcoin as an inflation hedge over time.

Geopolitical Risk : Events like the Israel-Iran conflict that increase market volatility, pushing investors away from DeFi assets.

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WhiteBIT, Europe’s biggest cryptocurrency exchange by traffic, today announced the launch of Hedge Mode for futures trading — a new feature designed to give traders greater control and strategic flexibility in navigating market volatility.

Hedge Mode enables users to simultaneously open long and short positions on the same futures market, allowing for more precise risk management and the execution of advanced trading strategies. This stands in contrast to One-Way Mode, the current default, where users can only hold a single directional position (either long or short) per market.

The feature is now live in all regions where WhiteBIT supports futures trading, marking a major milestone in the platform’s evolution into a professional-grade trading environment.

“Volatility is both a challenge and an opportunity in crypto markets,” said Volodymyr Nosov, CEO of WhiteBIT. “With Hedge Mode, we’re giving our users more control, more flexibility, and better protection—especially in fast-moving conditions. It’s a significant step forward in our mission to make crypto trading safer and smarter.”

Responding to Market Volatility

The launch comes amid continued turbulence in the cryptocurrency market. In April 2025 alone, over $1.3 billion in crypto derivatives positions were liquidated, affecting nearly 310,000 traders, according to data from CoinGlass. These figures highlight the extreme risks faced by traders and the growing need for more sophisticated tools to manage open positions and hedge against sudden price movements.

Feature Highlights

In Hedge Mode, users can open both long and short positions simultaneously on the same futures contract. This unlocks key trading capabilities:

Risk Hedging – Protect existing positions against market reversals

Granular Management – Handle positions across different timeframes or strategies

Strategic Execution – Enable complex setups such as grid trading, arbitrage, or neutral hedging

Users can seamlessly switch between Hedge Mode and One-Way Mode based on their current trading strategy and market outlook.

Continuing a Wave of Innovation

The launch of Hedge Mode follows a series of innovative features rolled out by WhiteBIT in recent months, including the Buy Crypto functionality for fast fiat-to-crypto conversion, the 1×10 trading bot for automated strategy deployment, and the introduction of Isolated Margin Mode for Futures on Sub-Accounts—designed to provide enhanced flexibility and margin control across different portfolios.

These upgrades underscore WhiteBIT’s ongoing commitment to empowering traders of all levels with institutional-grade tools.

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Soaring ETF Approval Odds: Prediction market Polymarket shows a staggering 91% probability for a spot Solana Exchange-Traded Fund (ETF) approval by the end of 2025, reflecting a massive surge in positive market sentiment.

SEC Signals Progress: The U.S. Securities and Exchange Commission (SEC) has reportedly asked potential Solana ETF issuers to submit updated S-1 filings, a move widely interpreted as a sign of an accelerated review process. A decision could come within the next three to five weeks.

Staking a Key Feature: Unconfirmed reports suggest the SEC is open to allowing staking to be included in these Solana ETFs. This would be a groundbreaking feature, allowing investors to earn yield on their holdings and potentially making the product more attractive.

Expert Analysts Weigh In: Prominent Bloomberg ETF analysts Eric Balchunas and James Seyffart have echoed this optimism, with Seyffart assigning a 90% chance for a Solana ETF approval. Balchunas has even hinted at the possibility of an “altcoin ETF summer.”

Institutional Interest Rises: The potential for a Solana ETF has led to a spike in institutional interest, with Solana futures open interest nearing all-time highs. Several major asset management firms, including VanEck, Grayscale, and Bitwise, have already filed for a spot Solana ETF.

The cryptocurrency market is abuzz with anticipation as the prospect of a spot Solana ($SOL) Exchange-Traded Fund (ETF) appears increasingly likely. Fueling this optimism, the prediction market Polymarket now shows a 91% probability of a Solana ETF being approved by the U.S. Securities and Exchange Commission (SEC) before the end of 2025. This surge in positive sentiment follows recent reports that the SEC has requested potential issuers to accelerate the submission of their updated S-1 filings, a key document in the ETF approval process.

This development has been widely interpreted as a green light from the regulatory body, suggesting that a decision could be on the horizon, potentially within the next three to five weeks. The news has had a tangible impact on the market, with SOL’s price seeing a notable uptick and institutional interest surging. According to data from CoinGlass, open interest in Solana futures has climbed significantly, nearing its all-time high and indicating a strong inflow of capital from institutional investors.

Adding to the excitement are whispers that the SEC may be open to including staking within the framework of these ETFs. For a proof-of-stake blockchain like Solana, this would be a game-changing feature, allowing ETF investors to earn yield on their Solana holdings. This potential for passive income could make a Solana ETF a particularly attractive investment vehicle compared to existing crypto ETFs for assets like Bitcoin ($BTC), which do not offer such rewards.

The optimism is not just confined to prediction markets. Leading voices in the ETF space are also signaling a high likelihood of approval. Bloomberg senior ETF analyst Eric Balchunas has been vocal about the positive developments, even suggesting a broader trend. In a recent post on X.com, he shared a note from his colleague James Seyffart, stating:

Get ready for a potential Alt Coin ETF Summer with Solana likely leading the way (as well as some basket products) via @JSeyff note this morning which includes fresh odds for all the spot ETFs. pic.twitter.com/UMzih4oou7

— Eric Balchunas (@EricBalchunas) June 10, 2025

Seyffart himself has assigned a 90% probability to a Solana ETF approval, placing it at the forefront of the next wave of potential crypto ETFs. This expert commentary has further solidified the belief that it is a matter of ‘when,’ not ‘if,’ for a Solana ETF.

Several heavyweight asset managers are vying for a piece of the action, with firms like VanEck, Grayscale, 21Shares, Bitwise, and Franklin Templeton having already submitted their applications to the SEC. Grayscale, which successfully converted its Bitcoin and Ethereum ($ETH) trusts into spot ETFs, is expected to follow a similar strategy for its existing Grayscale Solana Trust.

While the timeline for a final decision remains fluid, with some analysts suggesting a more conservative early fourth-quarter approval, the recent flurry of activity from the SEC has undeniably shifted the narrative. The potential influx of institutional capital that a spot ETF would unlock could have a profound impact on Solana’s market valuation and its position within the broader decentralized finance (DeFi) ecosystem.

By the Numbers: Solana’s Bullish Indicators

Metric Value Significance Polymarket Approval Odds (2025) 91% Reflects extremely high market confidence in a Solana ETF approval. Bloomberg Analyst Approval Odds 90% Expert analysis from leading ETF specialists corroborates market sentiment. Solana Futures Open Interest ~$7.54 Billion A 12% increase in 24 hours indicates strong institutional interest and leveraged positions. Solana Network TVL ~$9.1 Billion The highest Total Value Locked since June 2022 shows robust on-chain activity.

Key Concepts Explained

Exchange-Traded Fund (ETF): An ETF is a type of investment fund that is traded on a stock exchange, much like a stock. A spot Solana ETF would hold actual SOL tokens, giving investors exposure to the cryptocurrency’s price movements without them needing to buy and store the digital asset themselves.

Staking: In proof-of-stake blockchains like Solana, staking involves locking up a certain amount of cryptocurrency to help secure the network. In return for their contribution, stakers receive rewards, typically in the form of more of the same cryptocurrency. The potential inclusion of staking in a Solana ETF would allow investors to earn these rewards.

S-1 Filing: This is a registration statement that a company must file with the SEC before it can offer its securities to the public. In the context of an ETF, the S-1 provides detailed information about the fund’s investment objectives, strategies, risks, and management. A request for an updated S-1 is often seen as a positive step in the approval process.

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World Liberty Financial has officially launched the $USD1 stablecoin.

The new coin is built on the TRON blockchain, known for low fees and fast settlements.

$USD1 is fully backed 1:1 by U.S. dollars, held in regulated U.S. bank accounts.

Aims to provide a stable digital dollar for global remittances, payments, and trading.

Part of a trend of rising stablecoin adoption, especially in emerging markets.

World Liberty Financial has officially launched its $USD1 stablecoin on the TRON network, adding a new player to the increasingly competitive stablecoin market.

“Our mission is to create a trusted and transparent digital dollar that can be used globally with minimal fees and real-world value,” said the company in a public statement on their official site.

The $USD1 token is a U.S. dollar-pegged stablecoin, fully backed by U.S. dollar reserves held in FDIC-insured banks in the United States. Each $USD1 is backed 1:1 by actual fiat currency, aiming to ensure both price stability and user confidence.

Why TRON?

The choice to build on the TRON blockchain is notable. TRON is widely used for USDT transfers, especially in emerging markets, due to its low transaction fees and fast confirmation times.

TRON hosts over $45 billion in stablecoin value and facilitates the majority of USDT’s on-chain volume, according to DefiLlama.

Aiming at Global Use

The launch of $USD1 comes amid growing demand for stable digital dollars, particularly in regions where local currencies are volatile. By building on TRON, World Liberty Financial aims to:

Serve unbanked and underbanked populations

Facilitate cross-border payments

Enable low-cost digital remittances

According to the World Bank, nearly 1.4 billion people globally remain unbanked, and stablecoins like $USD1 may help bridge that gap.

The Bigger Picture

The launch positions World Liberty Financial alongside established players like USDT and USDC, which together account for over $130 billion in market cap.

Stablecoin Market Cap (USD) Blockchain Support USDT $112B Ethereum, TRON, others USDC $33B Ethereum, Solana, others $USD1 N/A (newly launched) TRON only

What is $USD1?

$USD1 Stablecoin

Blockchain: TRON

Backing: 1:1 with U.S. dollars

Use Cases: Payments, remittances, trading

Reserves: Held in FDIC-insured U.S. banks

Issuer: World Liberty Financial

World Liberty Financial’s $USD1 launch signals the continued growth of stablecoins as a bridge between traditional finance and decentralized infrastructure, especially in regions where currency volatility and banking limitations demand innovation.

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Just days ago, the crypto market was reeling from a public spat between Trump and Musk, which triggered a $1 billion liquidation event. Bitcoin dipped below $101,000, and altcoins like Solana and Ethereum faced double-digit drops. But as diplomatic talks between the U.S. and China in London injected optimism, the market cap soared 4% to $3.4 trillion, with a staggering 39% surge in intraday trading volume.

At the heart of this recovery is Pepe Coin, a memecoin that’s no longer just a joke. It surged 10% with a jaw-dropping $1.24 billion in trading volume, appealing to short-term traders drawn by its community-driven hype. Meanwhile, Sui is gaining traction for its high-speed infrastructure and growing total value locked (TVL), while Ethereum and Solana ride a wave of institutional inflows. “The inverse relationship, where Bitcoin consolidates while altcoins rally, marks the stage for an altseason,” noted analysts at Coinpedia, pointing to 47 out of 56 altcoins outperforming Bitcoin over the last 900 minutes.

This shift isn’t just noise— it’s a signal. The CLARITY Act, recently approved by a 47-6 vote in a U.S. congressional committee, aims to establish a regulatory framework for digital assets. Committee Chair GT Thompson emphasized, “Any members offering opposing views will have the opportunity to submit them by Friday,” hinting at a structured future for crypto that could attract even more institutional players.

The Bigger Picture

This recovery isn’t just about numbers—it’s about a cultural shift. What began as a niche experiment is edging toward mainstream adoption, fueled by institutional interest and infrastructure leaps. For the average Joe, it might mean cheaper, faster payments. For tech giants, it’s an opportunity to innovate. And for crypto enthusiasts, it’s a chance to see their wild bets pay off.

Yet, caution is key. The Trump-Musk feud showed how quickly sentiment can shift, and regulatory hurdles could still derail the rally. As the market watches for the next move, one thing is clear: the crypto world is back on track, and altseason might just be the next big story.

Altcoin Performance: Surge and Growth Metrics

Altcoins have been at the forefront of this recovery, with Pepe Coin (PEPE) surging 10%, as per the initial context, with a trading volume of $1.24 billion. Yahoo Finance reported on December 9, 2024, that PEPE surpassed $11 billion in market cap, with a 16.8% gain in 24 hours, driven by meme coin popularity . CoinMarketCap data from June 9, 2025, showed PEPE’s trading volume at $1,146,695,376.89, reinforcing its activity .

Ethereum’s metrics suggest a bull run, with TVL past $60 billion, as noted in a CoinDesk article from June 3, 2025, and exchange balances at seven-year lows, per CoinDesk Market Insight Bot, indicating institutional accumulation. The Pectra upgrade, enhancing scalability, was highlighted by Bizantine Capital as a bullish factor, as per CoinDesk on May 7, 2025.

Solana’s institutional interest is evident from the launch of futures ETFs on March 20, 2025, by Volatility Shares, as reported by CoinTelegraph, expected to boost SOL’s market position . FXStreet noted on May 29, 2025, investments by DeFi Development Corp and SOL Strategies, despite delays in spot ETF approval, with SOL trading at $172 . Bloomberg confirmed Solana ETFs’ arrival on Wall Street, reflecting high institutional interest .

Sui, a Layer-1 blockchain, has seen infrastructure growth, with DeFi TVL surpassing $1 billion in October 2024, as per KuCoin, driven by low gas fees and dApp integration. Forbes highlighted on May 30, 2025, Sui’s object-based model and Move language, positioning it for institutional growth despite a security incident .

Key Metrics as of June 10, 2025

Asset Price (USD) 24-Hour Trading Volume (USD) Notable Developments Bitcoin 110,000 Not specified Recovered from $100,500, held above $105K Pepe Coin Not specified 1,240,000,000 Surged 10%, challenging Dogecoin Ethereum >2,500 Not specified TVL > $60B, Pectra upgrade enhances scalability Solana 172 Not specified Futures ETFs launched, institutional investments Sui 3.40 960,154,903.54 DeFi TVL > $1B, object-based infrastructure

Key metrics reflecting the market’s current state.

In conclusion, the crypto market’s stabilization post-volatility, driven by easing Musk-Trump tensions, has set the stage for altcoin growth, with institutional interest and infrastructure developments playing pivotal roles. This analysis, grounded in verified data and expert insights, provides a holistic view for stakeholders navigating this dynamic landscape.

Key Concepts

What is Altseason? A period when alternative cryptocurrencies (altcoins) outperform Bitcoin, driven by investor interest and market trends.

Key Players Pepe Coin, Sui, Ethereum, and Solana are leading the charge with institutional support and infrastructure growth.

Why It Matters Signals potential for broader adoption, impacting payments, investments, and tech innovation.

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Research suggests Big Tech companies like Apple, X, Airbnb, and Google are exploring stablecoin integration for payments, driven by U.S. crypto policy shifts.

It seems likely that stablecoins, pegged to assets like the US dollar, could reduce transaction costs and improve cross-border payments.

The evidence leans toward the GENIUS Act, a debated bill, influencing these moves, with both support and criticism around consumer protection and industry growth.

This development may lower fees for consumers and transform payment systems, but challenges like regulation and security remain.

Imagine booking your next vacation on Airbnb and paying with a digital currency as stable as the US dollar, but with lower fees and faster transactions. This scenario is becoming increasingly plausible as Big Tech companies like Apple, X (formerly Twitter), Airbnb, and Google explore integrating stablecoins into their payment systems. Driven by shifting U.S. crypto policies, particularly the debate over the GENIUS Act, this development could mark a turning point for both the tech and crypto industries. This survey note delves into the details, weaving together facts, expert opinions, and market trends to provide a comprehensive overview.

Understanding Stablecoins

Stablecoins are a type of cryptocurrency designed to minimize volatility by pegging their value to a reserve of assets, such as fiat currencies (e.g., the US dollar) or commodities. This stability makes them suitable for everyday transactions, unlike more volatile cryptocurrencies like Bitcoin or Ethereum. For instance, USDC, issued by Circle, and PYUSD, supported by PayPal, are examples of stablecoins pegged to the US dollar, offering a bridge between crypto and traditional finance.

The appeal lies in their potential for fast, low-cost transactions, especially for cross-border payments, which often involve high fees and delays with traditional methods like credit cards. In 2024, stablecoin transaction volume reached $27.6 trillion, surpassing Visa and Mastercard, with projections estimating a market size of $2 trillion by 2028, according to Standard Chartered .

Big Tech’s Motivations and Actions

Big Tech’s interest in stablecoins is driven by the potential to reduce transaction costs and improve payment efficiency, crucial for global operations. Reports from Fortune and Coindesk indicate that Apple, X, Airbnb, and Google are holding early discussions with crypto firms to integrate stablecoins into their platforms.

Apple: Since January 2025, Apple has been negotiating with Circle for USDC integration into Apple Pay, led by Matt Cavin, a senior executive at Circle. This could lower fees for Apple Pay users, especially for international transactions.

X (formerly Twitter): X is developing the X Money app, with Payam Abedi leading efforts to incorporate stablecoin payments, potentially in partnership with Stripe. X also partnered with Visa in January 2025 for a wallet, signaling its commitment to expanding payment options.

Airbnb: Since early 2025, Airbnb has been exploring stablecoins to reduce fees paid to card networks like Visa and Mastercard, in talks with Worldpay, which partnered with BNVK, a crypto payments provider. While not an immediate priority, Airbnb is monitoring sector developments.

Google: Google Cloud has already facilitated stablecoin payments, specifically PYUSD, for two clients. Rich Widmann, Head of Web3 Strategy, called this “the biggest advancement since the SWIFT network,” underscoring its potential impact.

These efforts are part of a broader trend, with tech giants aiming to leverage stablecoins for cost-effective, efficient payments. For example, stablecoin options discussed include USDT, USDC, and PYUSD, though uncertainties around compliance and adoption remain.

The Role of U.S. Crypto Policy: The GENIUS Act Debate

The timing of Big Tech’s interest coincides with the U.S. Senate’s debate over the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), a bill aiming to establish a regulatory framework for stablecoins. As of June 9, 2025, the bill has passed procedural votes with bipartisan support, reflecting growing momentum for crypto regulation.

Supporters, like Christian Catalini, argue, “This opens the floodgates. You’ll see entry by many issuers. Consumers will all have more choices. This will bring more competition and innovation in payments”. The bill could allow banks and financial institutions to issue stablecoins, potentially legitimizing the industry and fostering innovation.

However, controversy surrounds the bill. Democratic lawmakers are pushing amendments to ban Big Tech from issuing stablecoins, forcing reliance on existing options like Tether and Circle, highlighting tensions around consumer protection and industry influence.

Market Trends and Partnerships

The stablecoin market is booming, with partnerships and acquisitions shaping its trajectory. Stripe’s $1.1 billion acquisition of Bridge in October 2024 was seen as a “starting gun” for Silicon Valley’s interest in stablecoins . Paxos, supporting PayPal’s PYUSD with a $978 million market cap, has partnered with Stripe for a new stablecoin payments platform, further integrating crypto into traditional finance .

Other notable partnerships include Mastercard with MoonPay and Visa with Bridge, reflecting the growing ecosystem around stablecoins. The World Economic Forum also notes stablecoins’ rising role in financial systems, with transaction volumes surpassing traditional card networks in 2024 .

Implications for Consumers, Industry, and Crypto

The integration of stablecoins by Big Tech could have profound implications:

For Consumers: Lower fees and faster transactions could make online payments more accessible. For example, paying for a ride on Uber or booking a hotel on Airbnb could become cheaper and quicker, enhancing user experience.

For the Tech Industry: This represents a new frontier in innovation, positioning companies like Apple and Google as leaders in digital payments. It could also reduce dependence on traditional intermediaries, streamlining operations.

For Crypto: Mainstream adoption by Big Tech could legitimize cryptocurrencies, driving broader use. An X post from 21Shares on April 23, 2025, announcing a Dogecoin ETP, exemplifies this trend, offering regulated access to crypto for traditional investors .

However, challenges remain. The crypto market’s lack of regulation raises concerns about security, fraud, and market manipulation, with the FBI reporting $9.3 billion in crypto fraud losses in 2024, a 66% jump from 2023. The GENIUS Act’s outcome will be crucial in addressing these issues.

Conclusion: A Transformative Future?

Big Tech’s exploration of stablecoin integration is a significant step toward transforming the payment landscape. While the potential benefits for consumers and the industry are substantial, challenges like regulation, security, and adoption uncertainties persist. As the GENIUS Act debate continues, it will shape the future of payments and crypto, potentially redefining how we transact in the digital age.

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Massive IPO Success: Circle, issuer of the USDC stablecoin, raised $1.1 billion in its initial public offering (IPO) on June 5, 2025, with shares surging 168% from $31 to $83.23 by the close of its first trading day.

Historic Surge: The stock peaked at $123.51 on June 6, nearly quadrupling its IPO price, though trading was halted multiple times due to volatility.

Wall Street’s Crypto Embrace: Analysts see Circle’s IPO as a turning point for decentralized finance, with experts like Bitwise’s Juan Leon calling it a “moon landing” moment for stablecoins.

Financial Concerns: Despite the hype, Circle’s $65 million Q1 2025 net income relies heavily on interest revenue, raising concerns about sustainability if rates drop.

Market Impact: The IPO left $1.72 billion on the table, ranking as the seventh-largest underpricing in decades, highlighting Wall Street’s favoritism toward its clients over the company.

On June 5, 2025, the decentralized finance (DeFi) world witnessed a seismic event as Circle Internet Group, the issuer of the popular stablecoin USDC, made its debut on the New York Stock Exchange (NYSE) under the ticker CRCL. Shares opened at $69—more than doubling their $31 IPO price—and surged as high as $103.75 during the session, a remarkable 234% increase. By the end of the first trading day, shares settled at $83.23, marking a 168% gain and raising $1.1 billion for the company.

The frenzy continued on June 6, with Circle’s stock reaching a high of $123.51—just shy of quadrupling its IPO price—before closing just under $120, up 44% from the previous day’s close. Trading was halted multiple times due to rapid price swings, reflecting overwhelming investor demand for a piece of the stablecoin market.

A Watershed Moment for Crypto

Circle’s IPO, the largest crypto listing since Coinbase’s 2021 debut, has been hailed as a turning point for the industry. Bitwise’s Juan Leon described it as a “moon landing” moment for stablecoins, signaling Wall Street’s growing acceptance of decentralized assets, as reported by Decrypt. Stablecoins like USDC, which are pegged to the U.S. dollar, play a critical role in DeFi by providing a stable bridge between traditional finance and cryptocurrencies such as Bitcoin and Ethereum. “Public markets have accepted that crypto is not going away,” said Jacob Zuller, an analyst at Third Bridge, reflecting the broader sentiment.

The IPO’s success comes amid a favorable climate for crypto, bolstered by the Trump administration’s supportive stance on digital assets. Posts on X captured the excitement, with one user noting, “the

@circle IPO is hands-down one of the most important events in crypto history” . However, not all reactions were positive—Arca Chief Investment Officer Jeff Dorman criticized Circle for allocating his firm only $135,000 of the IPO despite being an early backer.

Financials Under the Microscope

Despite the hype, Circle’s financials reveal potential vulnerabilities. In 2024, the company reported revenue of $1.7 billion, net income of $155.7 million, and Adjusted EBITDA of $284.9 million. For Q1 2025, those figures were $578.6 million, $64.8 million, and $122.4 million, respectively, according to Yahoo Finance. Notably, 99% of Circle’s revenue comes from interest income, raising concerns about its long-term sustainability. “When rates drop (which they will), Circle’s revenues will fall massively,” warned an analyst on Decrypt.

A Costly Underpricing

Circle’s debut also exposed the inequities of Wall Street’s IPO process. The company left $1.72 billion on the table due to underpricing, the seventh-largest shortfall since 1980, according to Jay Ritter, a professor at the University of Florida. This amount, which went to first-day gains for Wall Street insiders, was nearly double the $849 million in cash Circle held before the IPO. “Traditionally, IPOs are a great deal for Wall Street and its prized clients, not so much for the companies the investment banks take public,” Ritter told Fortune Yahoo Finance.

Stablecoin Market Growth

Circle’s success reflects the rising demand for stablecoins in 2025. The table below highlights the growth of USDC’s market capitalization compared to its competitor, Tether (USDT), based on historical trends in the stablecoin sector:

Stablecoin Market Cap (June 2024) Market Cap (June 2025) Growth Rate USDC $32.2B $45.8B (estimated) ~42% USDT $112.5B $150.3B (estimated) ~33%

Note: 2025 figures are estimated based on historical growth trends reported by CoinMarketCap and industry analyses.

This growth underscores why investors are betting big on Circle. Stablecoins are increasingly seen as a multi-trillion-dollar opportunity, with Wall Street expecting them to become a cornerstone of global finance.

What’s Next for Circle?

With $1.1 billion in fresh capital, Circle is poised to expand USDC’s reach, forge new partnerships with financial institutions, and potentially launch innovative products. The company also announced the Circle Payment Network, a regulatory framework designed to make traditional players more comfortable with stablecoins. However, investors are cautioned to tread carefully. Dom Kwok, co-founder of EasyA, advised waiting 90-180 days post-IPO to invest, citing the typical lockup period and price discovery phase.

Circle’s IPO marks a bold step forward for DeFi, proving that stablecoins can command Wall Street’s attention. But as the dust settles, the question remains: can Circle sustain its momentum in a volatile crypto landscape?

Infographic: Understanding Stablecoins and Circle’s Role

What Are Stablecoins? Stablecoins are cryptocurrencies pegged to a stable asset, like the U.S. dollar, to reduce volatility. They’re widely used in DeFi for trading, payments, and remittances.

Circle’s USDC USDC, issued by Circle, is the second-largest stablecoin by market cap. It’s fully backed by cash and equivalents, ensuring a 1:1 peg with the dollar.

Why It Matters Stablecoins bridge traditional finance and crypto, enabling fast, low-cost global transactions—key to DeFi’s growth and Circle’s Wall Street success.

The post Circle’s IPO Soars on Wall Street appeared first on Cryptopress.

Tesla’s Historic Loss: Tesla shares dropped 14% on June 5, 2025, erasing $150 billion in market value, the largest single-day decline in the company’s history.

Trump’s Threat: President Trump threatened to terminate government subsidies and contracts for Musk’s companies, including Tesla and SpaceX, over a dispute on a tax bill.

Market Ripple Effects: The Nasdaq 100 fell nearly 1%, and the S&P 500 declined as investors reacted to the feud and Trump’s tariff policies.

Musk’s Counter: Musk claimed Trump’s tariffs would cause a recession in late 2025 and threatened to decommission SpaceX’s Dragon spacecraft.

Slight Recovery: Tesla shares rebounded by 5.6% in Frankfurt trading on June 6, 2025, following reports of a White House call to ease tensions.

On June 5, 2025, a dramatic public feud between tech billionaire Elon Musk and U.S. President Donald Trump sent shockwaves through global financial markets, with Tesla bearing the brunt of the fallout. The electric vehicle (EV) giant saw its shares plummet 14%, wiping out approximately $150 billion in market value—the largest single-day loss in Tesla’s history. This clash not only rattled investors but also highlighted the fragility of markets in the face of political and economic uncertainty, a concern that resonates deeply in the world of decentralized finance (DeFi), where stability is key to growth.

The feud erupted when Trump threatened to terminate government subsidies and contracts for Musk’s companies, including Tesla and SpaceX, over disagreements on a major tax bill. “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump posted on Truth Social. This statement came as Musk vocally opposed Trump’s budget bill, which proposed cuts to the $7,500 federal tax credit for EV purchases—a policy that has supported Tesla’s growth alongside state-level subsidies totaling $11.4 billion.

In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW

— Elon Musk (@elonmusk) June 5, 2025

Musk, who spent nearly $300 million backing Trump and other Republicans in the 2024 election, fired back on X, stating, “Without me, Trump would have lost the election”. He also warned that Trump’s aggressive tariff policies, which had already caused market turmoil earlier in 2025, would “cause a recession in the second half of this year”. These tariffs, announced in early 2025, had previously led to a $536 billion collective loss for the world’s 500 richest people, with Musk personally losing $130 billion by April 2025.

The broader market felt the heat as well. The Nasdaq 100 dropped nearly 1%, and the S&P 500 declined as investors grappled with the uncertainty. The volatility underscored the interconnectedness of traditional markets and DeFi ecosystems, where assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) often react sharply to macroeconomic shifts.

Musk escalated the conflict by threatening to decommission SpaceX’s Dragon spacecraft, the only U.S. spacecraft currently capable of sending astronauts to the International Space Station (ISS). “In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately,” Musk posted on X. This move could disrupt NASA’s operations, as SpaceX has secured $22 billion in federal spending and $3.8 billion in contracts in 2024 alone.

Despite the sharp decline, Tesla shares saw a slight recovery of 5.6% in Frankfurt trading on June 6, 2025, following reports of a White House call aimed at easing tensions between Musk and Trump. However, the ongoing uncertainty continues to weigh on investor sentiment, with fears of a potential recession and weakened economic growth lingering.

Market Impact in Numbers

Index/Stock Change on June 5, 2025 Notes Tesla (TSLA) -14% Lost $150 billion in market value Nasdaq 100 -0.9% Reflects broader market concerns S&P 500 Declined Specific percentage not reported Tesla (Frankfurt) +5.6% (June 6) Post-White House call recovery

The feud also raises questions about the future of government support for green energy and space exploration. Tesla has historically benefited from federal incentives, while SpaceX’s role in the U.S. space program is deemed critical. “It will be some time before any of the company’s competitors will be able to take up the slack,” said Dan Grazier, a senior fellow at the Stimson Center, highlighting SpaceX’s indispensable role.

For DeFi enthusiasts, this saga serves as a reminder of how traditional market volatility can ripple into the crypto space. As centralized policies clash with innovation-driven businesses, the stability of decentralized assets becomes even more crucial. While Musk and Trump’s relationship remains uncertain, the financial world—and the DeFi community—will be watching closely.

Key Concepts

EV Tax Credits : A $7,500 federal incentive for electric vehicle buyers, aimed at boosting green energy adoption. Trump’s bill threatens to end this, impacting Tesla’s sales.

Tariffs : Taxes on imported goods, like Trump’s 2025 policies, which raise costs for companies like Tesla and risk broader economic downturns.

SpaceX’s Dragon : The only U.S. spacecraft currently capable of ferrying astronauts to the ISS, making Musk’s decommissioning threat a significant concern for NASA.

Feud Impact on Tesla’s Stock : Tesla’s stock plummeted 14% on June 5, 2025, losing $150 billion in market value due to the Musk-Trump feud.

Government Subsidies and Contracts : Trump’s threat to terminate government subsidies and contracts for Tesla and SpaceX added to market uncertainty.

Political Influence on Business : The Musk-Trump feud underscores the impact of political relationships on corporate performance and market stability.

The post How Musk and Trump’s Feud Shook the Financial World appeared first on Cryptopress.

In the dynamic world of decentralized finance (DeFi), the quest for sustainable and consistent yield remains a holy grail. While volatile assets offer potential for explosive gains, many investors seek more predictable returns, especially within the stablecoin sector. Enter Noon Capital, a protocol positioning itself as a pioneer in generating robust yield through sophisticated, delta-neutral strategies. This report dissects Noon Capital’s unique approach to stablecoin yield, highlighting opportunities for the risk-averse investor.

What is Noon Capital?

Noon Capital is a web3-native protocol designed to generate sustainable yield on its USD-pegged stablecoin, $USN. Unlike traditional lending protocols, Noon Capital employs advanced, delta-neutral strategies to minimize market exposure and deliver consistent returns. Its core offering revolves around $sUSN, the yield-bearing staked version of $USN, through which users receive a significant portion of the protocol’s generated income.

Factsheet

Name Yield Sector Chains Noon Capital Variable, sustainable yield (80% of protocol returns directed to $sUSN holders) Stablecoin Yield, DeFi, Delta-Neutral Strategies Not specified in provided context.

The Delta-Neutral Advantage: How Noon Capital Generates Yield

Noon Capital’s innovative core lies in its commitment to delta-neutral strategies. This sophisticated approach aims to generate yield regardless of overall market direction, significantly reducing the volatility exposure typically associated with crypto investments.

Funding Rate Arbitrage: arbitrage involves capitalizing on the differences in funding rates between perpetual futures contracts and spot markets. This strategy seeks to profit from the spread while hedging against price movements, making it “delta-neutral.”

Tokenized Treasury Bills: By integrating with tokenized versions of traditional financial instruments like Treasury Bills, Noon Capital taps into a stable, regulated asset class. This provides a reliable baseline for yield generation, diversifying away from purely crypto-native sources.

The protocol directs a substantial 80% of the generated returns to $sUSN holders, making it a highly attractive proposition for those looking to maximize their stablecoin holdings. This direct distribution model aligns the protocol’s success with its users’ profitability.

Risk Mitigation & Transparency

Noon Capital emphasizes several key features designed to mitigate risks and foster transparency:

Real-Time Proof of Solvency: This mechanism provides users with continuous assurance regarding the protocol’s financial health, enhancing trust and security.

Minimal Smart Contract/Counterparty Risk: By focusing on robust smart contract audits and careful selection of counterparties, Noon Capital aims to minimize technical vulnerabilities and third-party dependencies.

Insurance Fund: An additional layer of protection, the insurance fund acts as a buffer against unforeseen events, further safeguarding user assets.

These measures are crucial in building confidence in a sector often plagued by security concerns.

Yield Steps: How to Earn with Noon Capital

Obtaining yield from Noon Capital is designed to be straightforward for users interested in stablecoin returns:

Acquire $USN: Obtain Noon Capital’s USD-pegged stablecoin, $USN. This can typically be done through various decentralized exchanges (DEXs) or direct conversion methods provided by the protocol.

Stake $USN to $sUSN: Stake your $USN within the Noon Capital protocol to convert it into $sUSN (staked USN). This is the yield-bearing version of the stablecoin.

Earn Protocol Returns: As an $sUSN holder, you will automatically start earning a significant portion (80%) of the yield generated by Noon Capital’s delta-neutral strategies. Your $sUSN balance will increase over time, reflecting the accrued returns.

Monitor & Reinvest (Optional): Keep an eye on your $sUSN balance and the protocol’s performance. You can choose to reinvest your earnings or redeem your $sUSN back to $USN as per your investment strategy.

The Role of the NOON Governance Token

While the primary yield opportunity is via $sUSN, Noon Capital also features a governance token, NOON. This token offers additional utility and participation opportunities:

Higher Rewards for USN Holders: Holding NOON may potentially unlock enhanced rewards or benefits for $USN holders within the ecosystem.

Staked Version ($sNOON): Users can stake NOON to obtain $sNOON, which earns a portion of the protocol’s returns, aligning governance participants with the overall success of Noon Capital.

The NOON token facilitates decentralized governance, allowing holders to influence key protocol decisions and further align incentives within the ecosystem.

A New Horizon for Stablecoin Investors?

Noon Capital presents an intriguing proposition for crypto investors seeking stable, predictable yield opportunities in the volatile digital asset landscape. By leveraging sophisticated delta-neutral strategies like funding rate arbitrage and tokenized treasury bills, it aims to deliver consistent returns that are largely decoupled from broader market movements. With a clear focus on distributing a high percentage of returns to $sUSN holders and robust risk mitigation measures, Noon Capital could indeed represent a significant step forward in sustainable stablecoin yield generation. As always, investors should conduct their own thorough research (DYOR) and understand the underlying mechanisms and risks before allocating capital.

The post Unlocking Consistent Yield with Noon Capital’s Stablecoin Delta-Neutral Edge appeared first on Cryptopress.

PumpFun, a Solana-based memecoin launchpad, is reportedly preparing a $1 billion token sale at a $4 billion valuation, as per Blockworks.

The news has triggered a sharp decline in Solana memecoins, with FARTCOIN down 13%, BONK down 5%, and POPCAT down 12%.

The PumpFun ecosystem on CoinGecko fell 3.3% to a $3.7 billion market cap, marking it as the worst-performing category on the platform.

PumpFun has yet to confirm the token launch, which may involve both private and public fundraising, potentially via an initial coin offering (ICO).

The decentralized finance (DeFi) space is buzzing with news that PumpFun, a leading memecoin launchpad on the Solana blockchain, is gearing up for a massive $1 billion token sale at a staggering $4 billion valuation. According to a June 3 report by Blockworks, the platform is planning two fundraising rounds—one private and another potentially public, possibly through an initial coin offering (ICO). This announcement has sent shockwaves through the Solana memecoin market, leading to a significant sell-off of popular tokens.

Since the news broke, major Solana-based memecoins have taken a hit. FARTCOIN, a prominent token in the ecosystem, dropped 13% from $1.16 to $0.98, while BONK fell 5%, and POPCAT slid 12% within 24 hours. The broader PumpFun ecosystem on CoinGecko also declined by 3.3%, bringing its market capitalization to $3.7 billion, making it the worst-performing category on the platform as of June 3.

PumpFun’s Rise and Recent Challenges

Launched on January 19, 2024, by founders Noah Tweedale, Alon Cohen, and Dylan Kerler, PumpFun has become a powerhouse in the memecoin space, facilitating the creation of over 6 million tokens by January 2025. At its peak, the platform saw nearly 300,000 daily active wallets and launched 50,000 memecoins daily, generating $645 million in revenue over the past year, making it the third most profitable DeFi business behind stablecoin issuers Tether and Circle. However, activity has cooled since its January 2025 peak, with bonding curve volume dropping from $10 billion to under $5 billion and daily token launches falling significantly.

Despite the downturn, PumpFun’s historical success is undeniable. In November 2024, the platform hit record highs, with 175,910 daily active wallet addresses and 51,257 tokens launched in a single day, contributing to $27.7 million in monthly fees. It has also birthed 13 memecoins with market caps exceeding $100 million, including Peanut the Squirrel (PNUT) at $1.5 billion and Goatseus Maximus (GOAT) at $937 million.

Market Reaction and Future Implications

The market’s reaction to PumpFun’s token launch rumors highlights the volatility of the memecoin sector. “The timing has raised a few eyebrows,” Blockworks noted, with some industry watchers suggesting that PumpFun is capitalizing on its earlier success to raise funds while interest remains. The platform’s token sale could either reignite speculative fervor or deepen skepticism toward memecoin investments, potentially impacting the broader Solana ecosystem.

Token 24-Hour Price Change FARTCOIN -13% BONK -5% POPCAT -12%

24-hour price changes for key Solana memecoins following the announcement.

PumpFun has not yet made an official statement about the token launch. Details about the token’s name, ticker, or utility—whether it will serve as a fee token, governance asset, or trading pair—remain speculative. As the DeFi space watches closely, the coming weeks will reveal whether PumpFun’s ambitious move can stabilize the memecoin market or if the sector’s volatility will persist.

Understanding PumpFun’s Mechanics

Bonding Curve : PumpFun uses a mathematical pricing model where token prices rise as more are bought and fall when sold, ensuring predictable price movements.

Token Graduation : When a token hits a $69,000 market cap, it “graduates” to a decentralized exchange like Raydium, with liquidity added and burned to manage supply.

Revenue Model : PumpFun earns a 1% swap fee on trades and 1.5 SOL per token graduation, contributing to its $645 million annual revenue.

The post Solana Memecoins Drop Amid PumpFun Token Rumors appeared first on Cryptopress.

The California State Assembly passed AB 1180 with a unanimous 68-0 vote, allowing the state to accept payments in Bitcoin and other digital currencies.

The bill, described as a “first-of-its-kind” initiative by Assemblymember Avelino Valencia, now heads to the Senate for further deliberation.

This move could set a precedent for cryptocurrency adoption across the U.S., potentially influencing other states to follow suit.

In a groundbreaking move for decentralized finance (DeFi), the California State Assembly voted unanimously on June 3, 2025, to pass Assembly Bill 1180 (AB 1180), allowing state agencies to accept payments in Bitcoin and other digital currencies. The bill, which passed with a resounding 68-0 vote, is now advancing to the California Senate for further consideration. This development marks a significant step toward mainstream adoption of cryptocurrencies in the U.S., potentially reshaping how government transactions are conducted in the world’s fifth-largest economy.

A First-of-Its-Kind InitiativeAssemblymember Avelino Valencia, who introduced AB 1180, presented the bill as a pioneering effort to integrate digital financial assets into state operations. Speaking on the Assembly floor, Valencia stated, “I proudly rise to present AB 1180 that would establish a pilot program authorizing the Department of Financial Protection and Innovation to allow for the payment of fees using digital financial assets. This would be a first of its kind. Very excited about this.” He added, “Having gone to school at San Jose State during the time that this technology was being created, I firmly believe this will be fully integrated into our society in the near future” 1. Valencia’s enthusiasm reflects a growing recognition of DeFi’s potential to streamline financial systems, making them faster and more accessible.

The bill’s unanimous passage in the Assembly underscores California’s progressive stance on cryptocurrency. As Dennis Porter, a notable advocate for cryptocurrency legislation, noted, “This bill serves as a blueprint for potential statewide integration of cryptocurrency payments in California” 2. If the Senate approves AB 1180, California could become a leader in DeFi adoption, encouraging other states to explore similar measures.

Market Context and ImplicationsThe passage of AB 1180 comes at a time when the crypto market is showing signs of resilience. According to CoinMarketCap data, Bitcoin was trading at $105,784.21 on June 4, 2025, with a 24-hour trading volume of $45.27 billion, despite a slight 0.35% dip in the last 24 hours 2. Meanwhile, Ethereum, another major cryptocurrency, has seen a 4% increase, trading at $2,610 as of June 3, reflecting a broader market uptrend 3. The table below highlights the performance of top cryptocurrencies around the time of the bill’s passage:

Cryptocurrency Price (USD) 24-Hour Change Trading Volume (USD) Bitcoin (BTC) $105,784.21 -0.35% $45.27 billion Ethereum (ETH) $2,610 +4.00% Not specified XRP Not specified Not specified Not specified

This market stability may have bolstered confidence among California lawmakers, signaling that cryptocurrencies like XRP and others could soon play a larger role in everyday transactions. Posts on X also reflect excitement about the bill, with one user noting, “California just voted 68–0 to allow payments in Bitcoin and digital assets… Wait till Trump and Elon make their move” 4.

A Broader Trend in Crypto LegislationCalifornia’s move is part of a larger wave of cryptocurrency-friendly legislation across the U.S. Earlier this year, the state also advanced Assembly Bill 1052 (AB 1052), which was amended to include protections for self-custody and the legal recognition of digital assets as a payment method 5. Additionally, the U.S. Senate recently advanced the GENIUS Act, a bill aimed at regulating stablecoins, with a 66-32 vote on May 19, 2025, indicating bipartisan support for clearer crypto regulations 6.

However, not all crypto legislation has been smooth sailing. A previous attempt in California to create a “BitLicense” regime was vetoed by Governor Gavin Newsom in 2022, who called it “premature” without further stakeholder input 7. The current bill, AB 1180, seems to have learned from past challenges, focusing on a pilot program to test the waters before full implementation.

What’s Next for DeFi in California?If the Senate passes AB 1180, California could set a national precedent for DeFi integration, encouraging innovation in payment systems while addressing concerns like security and volatility. The state is already home to major crypto firms like Ripple Labs, Solana Labs, and Kraken, and 99 merchants currently accept Bitcoin payments, according to BTC Maps data 5. This existing infrastructure could make the transition smoother, positioning California as a hub for DeFi innovation.

For the average Californian, this bill could mean paying state fees with digital currencies, bypassing traditional banking systems and potentially reducing transaction costs. For the broader DeFi ecosystem, it’s a sign that governments are warming up to the idea of decentralized currencies, even as they navigate the complexities of regulation and adoption.

As the bill moves to the Senate, all eyes will be on whether California can turn this vision into reality—and whether other states will follow its lead in embracing the future of finance.

Key Concepts of California’s Bitcoin Payment Bill

AB 1180 Assembly Bill 1180, passed unanimously (68-0) by the California Assembly, allows state agencies to accept Bitcoin and other digital currencies for payments, marking a bold step toward DeFi integration.

Decentralized Finance (DeFi) DeFi uses blockchain technology to enable financial transactions without intermediaries like banks, offering faster, cheaper, and more accessible payment systems.

Bitcoin as Legal Payment ₿The bill permits Bitcoin https://cryptopress.site/coins/bitcoin-btc/, Ethereum https://cryptopress.site/coins/ethereum-eth/, and other cryptocurrencies like XRP https://cryptopress.site/coins/xrp/ for state fees, potentially reducing transaction costs.

Pilot Program AB 1180 establishes a trial run led by the Department of Financial Protection and Innovation to test crypto payments, ensuring security and efficiency before full adoption.

Senate Next Steps The bill now awaits Senate approval, which could position California as a DeFi leader and inspire other states to embrace digital currencies.

Sources

https://bitcoinethereumnews.com/2025/06/03/california-assembly-passes-bitcoin-payment-bill-in-unanimous-vote/

https://bitcoinethereumnews.com/2025/06/03/california-assembly-accepts-cryptocurrency-payments-bill-heads-to-senate/

https://coindoo.com/2025/06/03/california-assembly-passes-bitcoin-payment-bill-in-unanimous-vote/

https://x.com/Xfinancebull/status/2025-06-03/14:30

https://cointelegraph.com/2025/03/31/california-introduces-bitcoin-rights-in-amended-digital-assets-bill/

https://www.nbcnews.com/2025/05/19/senate-advances-a-major-crypto-regulation-bill-on-a-bipartisan-vote/

https://www.coindesk.com/2022/09/23/california-bitlicense-bill-vetoed-by-gov-gavin-newsom/

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