United Crypto Association to Push for the Passage of the Stablecoin Bill in the US
Leaders from the Blockchain Association, Crypto Council for Innovation, Digital Chamber, and DeFi Education Fund have united to urge the passage of the Genius Bill, which regulates stablecoin in the United States (US).
"The GENIUS Act is an important law aimed at creating a clear and effective regulatory framework for stablecoins. We respectfully urge lawmakers to remain committed to its primary objectives," they wrote in their official report.
In the report, those representing crypto groups in Washington hope that the bill's main objectives can be achieved. It is known that the purpose of this bill is to provide a targeted and comprehensive approach to the oversight of stablecoins.
For your information, the mentioned leaders include Blockchain Association CEO Summer Mersinger, Crypto Council for Innovation President & Acting CEO Ji Kim, DeFi Education Fund CLO Amanda Tuminelli, and The Digital Chamber CEO Cody Carbone. #BinanceSquareTalks #AmericaStableCoinLaunched $BTC $SOL
Tether Sends US$2.7 Billion in Bitcoin to Twenty Capital
Tether CEO Paolo Ardoino revealed a Bitcoin (BTC) transaction that sent 25,812 BTC to the wallet address of investment giant Twenty One Capital. The tens of thousands of Bitcoin cost US$2.7 billion at the current price of around US$105,000.
According to Ardoino, this move aims for transparency to users on platform X on his personal account. This means that the investment plan is realized in order to adopt Bitcoin as a strategic reserve.
"BTT = Bitcoin Treasury Transparency," he stated on platform X.
It is known that the total holdings of Twenty One Capital increased from 36,312 BTC to 62,124 BTC. Thanks to this initiative, the investment company has managed to position itself as the third-largest holder of Bitcoin below Michael Saylor's Strategy. #BinanceSquareTalks #BitcoinETFs $BTC
UAE Offers Free ChatGPT to Its Citizens Spending IDR 3.5 Trillion per Month
The United Arab Emirates (UAE) government plans to provide free ChatGPT Plus services to all its citizens. This marks an innovative step in accelerating the adoption of artificial intelligence (AI) technology.
The policy is part of a collaboration between the UAE government and ChatGPT's parent company, OpenAI. If implemented, they will spend US$220 million or IDR 3.5 trillion for 11 million people.
It is noted that the service fee is US$20 or IDR 325,400 per month. If applied in Indonesia with a population of around 285 million, Indonesia would spend IDR 92.7 trillion per month. #BinanceSquareTalks #bitcoin #chatgpt $BTC $USDP
Nasdaq Files Sui ETF, Rated as the Fastest-Innovative Blockchain
Nasdaq and 21Shares have filed an ETF that will hold Sui tokens, an altcoin from the Sui blockchain focused on instant transaction settlement. The Sui startup is backed by Andreessen Horowitz and FTX Ventures with a valuation of US$2 billion, while Sui's market capitalization is around US$11.5 billion.
Sui is a layer 1 blockchain with a parallel architecture that allows for simultaneous transaction execution of up to 100,000 per second. Sui tokens function as liquid assets, used for paying gas fees, staking, and network governance.
In Europe, Sui has already been traded through the 21Shares ASUI exchange-traded product with assets of US$165 million within 10 months. Institutional investors are increasingly interested after the custody and compliance aspects were met.
With this Exchange-Traded Fund (ETF), Nasdaq and 21Shares aim to simplify access to Sui for traditional investors and accelerate the adoption of innovative blockchain technology in conventional financial markets. #BinanceSquareTalks #NASDAQ $SUI
Strategy Reinvests in Bitcoin US$75 Million, Now Holds 2.7% of Total Supply
Strategy has increased its reserve holdings by purchasing 705 Bitcoin (BTC) worth approximately US$75.1 million on Monday (02/06). The average purchase price was recorded at US$106,495 per BTC.
With this latest purchase, the company's total bitcoin holdings reach 580,955 BTC or equivalent to 2.7% of the total supply, valued at approximately US$40.68 billion.
The funds for the BTC purchase came from the proceeds of the at-the-market (ATM) stock offering program for two types of preferred stocks, namely STRK and STRF.
During the same period, Strategy sold 353,511 shares of STRK and 374,968 shares of STRF, generating a net fund of US$74.6 million.
In addition, the company also announced a quarterly dividend of US$2 per STRK share and approximately US$2.64 for each STRF share. This dividend will be paid on June 30, 2025, to shareholders recorded at the close of business on June 15, 2025. #BinanceSquareTalks #StrategyHoldsMoreBTC $BTC
Michael Saylor: Bitcoin Can Reach US$10 Million If the World Realizes Its True Potential
Executive Chairman of Strategy (MSTR) Michael Saylor believes that the price of Bitcoin could soar to US$10 million or equivalent to Rp163 billion if the global community truly understands its genuine potential.
He emphasizes that the current moment is a golden opportunity before mass adoption occurs. Once Bitcoin is widely understood, low prices will no longer be available as they are now.
“If the world knew what I know, Bitcoin would immediately rise to US$10 million. If that happens tomorrow, imagine how you would feel for missing out on 20 years of opportunities to buy below that price,” he said.
Additionally, according to Saylor, the volatility of Bitcoin's price is not a weakness, but rather an opportunity that can only be leveraged by those who truly understand and are willing to conduct research.
“This fluctuation is a blessing for those who are diligent, not for the lazy or those who just follow the trend,” he added.
On the other hand, he believes that young investors who have plenty of time and are eager to learn can greatly benefit from the dynamics of Bitcoin's price. Meanwhile, wealthy investors who are impatient tend to wait for prices to stabilize, only to buy when the best momentum has passed. #BinanceSquareTalks #MichaelSaylor #bitcoin $BTC
Metaplanet Again Acquires Thousands of Bitcoin Worth US$114 Million
Metaplanet has once again acquired 1,088 Bitcoin (BTC) worth US$114 million at a price of US$107,000 on Monday (02/06). This acquisition brings its total holdings to 8,888 Bitcoin worth US$930 million.
The Japanese investment company has been accumulating Bitcoin since April 2024, targeting to have 10,000 BTC by the end of this year, and 21,000 BTC by the end of next year.
Previously, Metaplanet issued bonds worth US$21 million to buy more Bitcoin. This is part of a broader strategy that has raised US$135 million through debt this year.
This approach is similar to Strategy, the business intelligence company founded by Michael Saylor. They use financing tools to accumulate Bitcoin rather than relying on traditional investments. #BinanceSquareTalks #Metaplane #bitcoin $BTC
US Vice President: Crypto Has Allies in the White House
United States (US) Vice President JD Vance emphasized that Bitcoin (BTC) is now an important part of national policy and promises a new era of federal support under the Trump administration in a keynote speech at the Bitcoin 2025 Conference on Wednesday (05/28).
Vance highlighted the role of the Bitcoin community that has grown from the ground up, stating that digital asset policy in the Trump era is just the beginning. He asserted that crypto finally has a champion and allies in the White House, while also calling for protection from bureaucracies that hinder innovation.
“What we have done in the Trump administration regarding new digital asset policy is a starting point. Now, the crypto world finally has supporters and allies in the White House,” said the Vice President of Uncle Sam's country.
Vance outlined three main priorities of the administration, namely mass adoption of Bitcoin, legislative support including the GENIUS Act, and clear regulations so that Bitcoin can enter the mainstream economy. Vance also affirmed that stablecoins are not a threat to the US dollar, but rather an economic enhancer.
“Bitcoin is digital gold, but you are nothing if you are not involved,” Vance said as he concluded with the message that the future of Bitcoin is in the hands of the American people. #BinanceSquareTalks #BitcoinAsStoreOfValue $BTC
Paris Blockchain Company to Acquire Bitcoin US$72 Million After Selling Bonds
Blockchain Group, a blockchain company from Paris, France, announced plans to purchase Bitcoin worth US$72 million after successfully selling bonds amounting to 63.3 million euros.
This move is made to strengthen their Bitcoin ownership strategy and increase their digital asset reserves. Blockchain Group aims to own 1% of the total Bitcoin supply or about 170,000 BTC by 2032.
Currently, they will increase their Bitcoin holdings to 1,437 BTC from the bond proceeds, the majority of which will be used for the purchase of Bitcoin.
The company also reported that although annual revenue decreased by 32% in 2024, the results from their Bitcoin investments grew by 709%.
"Most of the funds from the bond sale will be used to buy Bitcoin, while the remainder will be used for operational costs," said a representative of Blockchain Group. Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR). #BinanceSquareTalks #Bicoin2025 $BTC
JPMorgan CEO: The US Should Not Create Bitcoin Reserves
JPMorgan CEO Jamie Dimon stated that the United States should not create Bitcoin reserves. Previously, the US government announced it would begin forming strategic Bitcoin reserves from crypto assets seized in legal cases.
"We should be stockpiling tanks, planes, drones, and rare minerals—things that we clearly need, not Bitcoin," Dimon said at the Reagan National Economic Forum.
Dimon is indeed known as a Bitcoin skeptic, having previously called it a fraud. However, he allows the bank's clients who still wish to buy Bitcoin.
JPMorgan analysts previously stated that Bitcoin would surpass gold. However, differing opinions regarding the digital asset have led JPMorgan not to store or manage Bitcoin like business intelligence firm Strategy. #BinanceSquareTalks #JPMorganBitcoin $BTC
$BTC IBIT Sets Record for Largest Outflow of US$430 Million
iShares Bitcoin Trust (IBIT), BlackRock's Bitcoin exchange-traded fund (ETF), recorded an outflow of US$430.8 million on Friday (30/05). This marks the largest single-day outflow ever experienced by IBIT, surpassing the previous record of US$418.1 million on February 26.
Not only that, but this outflow also indicates a sharp trend. Farside Investor, an investment management company, stated that the outflow on May 30 ended a streak of inflows for 31 consecutive days, the longest period since IBIT was launched in January 2024.
This decline follows a very positive month for IBIT, where BlackRock was able to increase its Bitcoin holdings by nearly US$6.2 billion.
Nevertheless, IBIT still holds US$70 billion in Bitcoin, which is still considered “very large” given the relatively new age of the fund. #BinanceSquareTalks #BitcoinETFs $BTC
Central Bank of Russia Allows Qualified Investors to Invest in Crypto
The Central Bank of Russia now allows financial institutions to offer financial instruments linked to crypto prices, such as derivatives and digital assets, specifically for qualified investors.
However, these instruments are non-deliverable, meaning investors cannot directly own digital assets, but only receive payments based on the price.
Access to these products is strictly limited to individuals or institutions that meet specific wealth and experience criteria, so the general public remains unable to participate.
The central bank also imposes a number of conservative rules, such as the requirement for financial institutions to fully collateralize their positions with capital and to set individual exposure limits.
This step is part of a three-year pilot effort to develop a legal framework for digital assets in Russia while also reducing the risk of crypto price volatility to the national financial system.
Despite opening limited access, the Central Bank of Russia continues to emphasize a cautious stance and still advises the public not to invest directly in crypto assets.
This new policy marks a gradual shift from Russia's hardline approach to crypto while still prioritizing strict oversight and protecting the national financial system from risks posed by digital assets. #BinanceSquareTalks #RussiaCrypto $BTC
Dogecoin (DOGE), the meme coin with the dog logo, has plummeted 16.72% in the last week as investors worry that the tariffs imposed by U.S. President Donald Trump will lead to market losses.
The favorite token of Elon Musk is now sold at $0.1905 and has become the cryptocurrency with the largest decline compared to the other top 10 cryptocurrencies.
Previously, Trump accused China of violating a recent trade truce. This was acknowledged by Treasury Secretary Scott Bessent, who stated that talks with the Bamboo Curtain Nation have stalled.
This not only affects altcoins but also Bitcoin, the largest cryptocurrency in the world. The coin fell 4.40% in the last week to $103,000 after previously reaching its all-time high of $111,000. #BinanceSquareTalks #DonaldTrump $DOGE
Elon Musk Officially Resigns from D.O.G.E, Trump Praises and Awards
Elon Musk officially resigned from the Department of Government Efficiency (D.O.G.E), marking a significant change in the efforts to reduce federal spending. Nevertheless, during a press conference in the Oval Office on Friday (30/05), the atmosphere felt positive and Trump praised Musk for the fantastic work he has done.
During his tenure, D.O.G.E successfully cut around 260,000 federal jobs or 12% of the total government employees. However, the initial savings target of US$2 trillion was eventually lowered to US$150 billion as it was deemed too optimistic.
Trump presented Musk with a golden key as an award, which he stated is only given to special individuals. Musk also stated that he would continue to advise the president, and Trump emphasized that Musk is not completely leaving his position.
Political responses have varied, with concerns that budget reform will lose momentum. Some parties doubt the effectiveness of future budget cuts without Musk's direct leadership.
Musk's decision to refocus on Tesla's core business has positively impacted the company's stock, although Tesla's net income has decreased. Musk's resignation highlights the significant challenges in managing government efficiency amid high budgetary pressures. #BinanceSquareTalks #ElonMuskDOGEDeparture $BTC $DOGE
Trump Media Secures US$2.4 Billion Funding for Bitcoin Acquisition
Trump Media & Technology Group (TMTG), the company owned by US President Donald Trump, has successfully raised funds amounting to US$2.44 billion or equivalent to Rp36 trillion from around 50 institutional investors for a massive investment in Bitcoin (BTC).
These funds were obtained through the sale of common stock and secure senior convertible debt, with net proceeds reaching US$2.32 billion. The funds will not only be used to establish a Bitcoin treasury but also to support working capital needs and other corporate purposes.
This move marks one of the largest investments in Bitcoin treasury made by a public company. CEO and Chairman of Trump Media Devin Nunes stated that Bitcoin ownership will strengthen the company's asset portfolio while providing protection against financial discrimination.
This offering is part of Trump Media's strategy to become a holding company focused on acquiring valuable assets and supporting the America First economy. With this new funding, the company will have over US$3 billion in liquid assets.
“Trump Media focuses on acquiring valuable assets, and this deal gives us financial room for expansion. The company will also have more than US$3 billion in liquid assets, as well as providing Bitcoin exposure for shareholders,” said Devin Nunes.
Moreover, this initiative also signifies Trump Media's shift from a social media company to a financial technology company that integrates digital assets as a core part of its business strategy. #BinanceSquareTalks #TrumpCrypto $BTC
Singapore Develops Humanoid Robots to Replace Firefighters
The Singaporean government will deploy humanoid robots to assist with high-risk tasks such as firefighting, hazardous materials handling, and rescue missions starting in 2027.
Singapore's Minister of Digital Development and Information Josephine Teo stated that this project will receive an injection of 100 million Singapore dollars.
Initially, these robots will be remotely controlled by humans, but they are expected to operate autonomously with artificial intelligence (AI) starting in 2029.
The sophistication of AI will allow the robots to respond to field situations with minimal oversight from human operators, making decisions automatically in complex conditions without much human intervention.
Four robot prototypes were introduced at the opening event of the AI TechXplore exhibition at Fusionopolis One on May 26. At the event, Phoenix, an artificial language model by HTX capable of communicating in four official languages of Singapore, was also introduced.
“Modern criminals are becoming increasingly adept at utilizing technology. Therefore, security forces must also have the capability to use technology to protect the community,” said Josephine Teo. #BinanceSquareTalks #Aİ $BTC $FET
DONALD TRUMP SAYS THE FED MADE A BIG MISTAKE ON INTEREST RATE CUTS
In a recent meeting at the White House, President Donald Trump expressed to Federal Reserve Chairman Jerome Powell that in his opinion, the US Central Bank has made a mistake in its decisions regarding interest rates. Trump personally criticized the Fed's decisions regarding the monetary policy implemented, stating his disagreement with the direction of interest rates decided by Powell and his team. This statement further emphasizes the tension between the fiscal policy of the Trump administration and the monetary policy implemented by the Federal Reserve, which continues to be a controversial topic as Trump’s second term approaches. #BinanceSquareTalks #TrumpCrypto #FederalReserve $BTC
Buy Gold vs Bitcoin 5 Years Ago, What Are the Prices Now?
Gold and Bitcoin have become popular investment assets amid economic uncertainty. Even, the author of Rich Dad Poor Dad, Robert Kiyosaki, labeled these assets as safe-havens, assets that are resistant to inflation.
Historically, both have also continuously experienced price increases and both reached new all-time highs in 2025. Gold in Indonesia reached Rp2,027,000 per gram, and Bitcoin reached US$111 thousand or Rp1.8 billion per coin.
Interestingly, Bitcoin, which is a newcomer, managed to achieve a price 2.35 times higher compared to the long-established asset.
Nevertheless, many still prefer to invest in gold rather than Bitcoin. For example, Goldman Sachs, an investment giant, considers gold to be a much better hedge compared to Bitcoin, because the precious metal is more stable, less volatile, and has a low correlation with the stock market. #Bitcoin2025 #GOLD #TradingTypes101 #BinanceSquareTalks $BTC
Cryptographic | More Long-Term Bitcoin Investors, Are You One of Them?
Coinglass data records that the total Bitcoin (BTC) held by long-term investors has surged by about 23%. This means that investors are adopting the largest crypto asset, which is believed to be a hedge.
This surge coincided with the price movement of Bitcoin, which has reached its highest record at US$111,000. This could happen because many countries are adopting Bitcoin as a strategic reserve.
This is believed to make many investors confident in Bitcoin as a long-term asset. It is known that the total ownership of Bitcoin by long-term investors has reached 15.7 million BTC, while in 2021 it was 12.7 BTC.
Currently, the circulating amount of Bitcoin is 19.8 million BTC out of a total of 21 million. Thus, there are still 1,129,607 remaining.
#TrumpTariffs The Court of International Trade in Manhattan ruled that the trade tariffs imposed by U.S. President Donald Trump were illegal. This decision comes after several months of turmoil in the global market due to the tariffs implemented worldwide.
However, this decision has been rejected by the Trump Administration. Citing Bloomberg, Thursday (29/05) morning, this decision can still be appealed to the Supreme Court as the highest court.
Previously, Trump imposed reciprocal tariffs as a retaliation against dozens of countries around the world, including Indonesia. These tariffs caused financial markets such as stocks and crypto to fluctuate. Bitcoin even experienced a downturn and stagnation for several weeks before finally returning to the US$100 thousand level.