Mining Updates
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Fintech giant Stripe acquires crypto company Privy
Stripe, a leading payment platform valued at $65 billion, has announced the acquisition of Privy, a startup specializing in cryptocurrency wallet infrastructure. This move marks the second significant acquisition in the crypto sphere following the purchase of Bridge for $1.1 billion in 2024. Financial details of the deal are not disclosed, but Privy, valued at $230 million in March 2025, will continue to operate as an independent product.
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War between Israel and Iran: impact on the cryptocurrency market.
On June 13, 2025, Israel launched large-scale strikes on Iran's nuclear facilities and missile bases, marking the beginning of a direct military conflict between the countries. This escalation, caused by prolonged tensions and accusations of supporting terrorism, shocked global markets, including the cryptocurrency market.
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Binance explained the suspension of XRP withdrawals
Binance, the largest cryptocurrency exchange in the world, temporarily suspended withdrawals $XRP due to technical issues in the Ripple network. According to an official statement, this occurred due to node synchronization delays or ledger updates, complicating transaction confirmations. The exchange emphasized that this is a preventive measure to protect users' funds, and trading of XRP remained unchanged. At the time of the suspension, the price of XRP was $2.30, down 0.4% over the day, but remaining above key support levels ($2.25–$2.26).
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U.S. Treasury Secretary suggests growth of the stablecoin market to $2 trillion
U.S. Treasury Secretary Scott Bessent stated that the market for dollar-pegged stablecoins could reach a capitalization of $2 trillion in the coming years. According to him, this will strengthen the position of the U.S. currency in the world. Bessent emphasized that the U.S. administration should support the dollar's reserve status, and stablecoins backed by U.S. Treasury bonds will promote the global use of the dollar. The GENIUS bill being considered by Congress mandates that stablecoins be backed by high-quality assets, which could stimulate market growth.
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HMSTR Token Drops 27%: Panic Over Massive Asset Sell-off
The token $HMSTR associated with the popular game Hamster Kombat has experienced a sharp decline of 27% in the last 24 hours, losing $25 million in market capitalization. According to CoinMarketCap, the token price has fallen to $0.00107, which is 60% lower than the monthly high. The main reason for the crash was mass sell-offs by large holders (whales) and pressure from excess supply due to the unlocking of tokens earned in the game. The trading volume in a day increased by 266%, indicating panic among investors.
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Republican William Timmons calls on SEC to clarify the status of Ethereum
Republican Congressman William Timmons has addressed the Chairman of the U.S. Securities and Exchange Commission (SEC) Paul Atkins, demanding documents that reveal the historical position of the agency regarding the status of Ethereum ($ETH ). In a letter dated June 10, 2025, Timmons emphasized the inconsistency of the SEC under Gary Gensler, which has created uncertainty for the crypto industry. In 2018, former SEC director William Hinman stated that Ethereum and Bitcoin are not securities, but Gensler in 2023 evaded a clear answer about the classification of ETH.
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The Ripple ecosystem has gained an institutional product and announced an EVM sidechain
The Ripple ecosystem has made significant progress by launching an institutional product on the XRP Ledger and announcing an EVM-compatible sidechain. The investment company Guggenheim Treasury Services has issued digital commercial paper on the XRP Ledger, marking the first step towards integrating blockchain solutions into traditional finance. This product highlights the potential of XRPL for fast and secure transactions in the corporate sector.
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Researchers Identify Main Threats to the Ethereum Ecosystem
The Ethereum Foundation published the first report as part of the Trillion Dollar Security initiative, highlighting six key threats to the security of the Ethereum ecosystem. The first issue is the human factor: users often store seed phrases insecurely, writing them down in text files or cloud services, which increases the risk of losing funds due to mistakes or hacks. The second threat is the centralization of staking, particularly due to the dominance of providers like Lido, which may lead to transaction censorship. The third is the insufficient development of the 'social slashing' mechanism to punish malicious validators. The fourth involves vulnerabilities in smart contracts, which are often copied with errors, as shown by a 2018 analysis. The fifth threat involves attacks on wallets, including phishing and transaction replay attacks. Finally, the long-term risk is associated with quantum computers that could break cryptography $ETH .
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Analyst predicted 'altcoin ETF summer'
Senior Bloomberg market analyst Eric Balchunas predicted the swift approval of spot ETFs based on a basket of altcoins in the U.S. According to him, the SEC could approve funds that will include $ETH , $SOL and other popular tokens as early as July 2025, after which it will consider ETFs exclusively based on Solana. This prediction has generated excitement in the crypto market, as altcoin ETFs could attract billions of dollars in institutional investments.
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📊 Bitcoin Maintains Strength: Investors Optimistic, Whales on Watch
🅱️ The Bitcoin market shows stable confidence as it approaches an all-time high of $112,000. At the time of publication, BTC is trading around $107,800, up +15.45% since the beginning of the year.
🔵 According to Santiment, on social media, there are 2 positive comments for every 1 negative comment, indicating a return of bullish sentiment among retail investors.
🐋 Whales Remain Steadfast
Analyst Crypto Dan:
"There is no profit-taking. Large holders are likely waiting for higher levels and market overheating."
His colleague Darkfost is surprised:
"Binance whales are usually active near ATH — inflows to exchanges exceeded $5–8 billion, but currently, there are almost no inflows."
🔺 Interestingly, at the end of May, analysts recorded a shift of whales to selling, but current data indicates a cautious wait-and-see strategy.
⚠️ Support remains strong, but further market behavior will depend on macro factors and potential overheating triggers.
$BTC
🅱️ The Bitcoin market shows stable confidence as it approaches an all-time high of $112,000. At the time of publication, BTC is trading around $107,800, up +15.45% since the beginning of the year.
🔵 According to Santiment, on social media, there are 2 positive comments for every 1 negative comment, indicating a return of bullish sentiment among retail investors.
🐋 Whales Remain Steadfast
Analyst Crypto Dan:
"There is no profit-taking. Large holders are likely waiting for higher levels and market overheating."
His colleague Darkfost is surprised:
"Binance whales are usually active near ATH — inflows to exchanges exceeded $5–8 billion, but currently, there are almost no inflows."
🔺 Interestingly, at the end of May, analysts recorded a shift of whales to selling, but current data indicates a cautious wait-and-see strategy.
⚠️ Support remains strong, but further market behavior will depend on macro factors and potential overheating triggers.
$BTC
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Trader turned $24,000 into $128,000 thanks to the meme coin AURA
An unknown trader, known as FvaBFc, achieved impressive success by increasing his capital fivefold through investments in the meme coin $AURA on the Solana network. Five months ago, he invested $24,000, acquiring 2.87 million AURA tokens, but soon their value plummeted by 90%. Despite significant losses, the trader did not exit his position, demonstrating faith in the asset's potential. His patience paid off: on June 11, 2025, the price of AURA rose 35 times, reaching $0.037. The trader sold all tokens for $128,000, yielding a net profit of $104,000.
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Trump's Tariffs on Countries Taxing U.S. Exports: Impact on Markets and Cryptocurrencies
President Donald Trump announced plans to impose additional tariffs on countries that tax U.S. exports, aimed at protecting the American economy and reducing the trade deficit. This move is part of his broader strategy to stimulate domestic production and strengthen the U.S. position in global trade. Tariffs, which could be implemented in the coming weeks, have elicited mixed reactions in the markets.
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The head of the Bank of Korea will discuss the creation of stablecoins pegged to the won
According to Newsis, the head of the Bank of Korea, Lee Chang Yong, will attend a dinner with bankers at the Seoul Banking Association on June 23, 2025, where he plans to discuss the creation of stablecoins pegged to the South Korean won. This initiative is part of South Korea's efforts to develop digital currencies and regulate the crypto market. Previously, the Bank of Korea has expressed caution regarding stablecoins issued by non-bank entities due to potential risks to monetary policy and financial stability.
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Participants of Bitcoin 2025 set a world record for the number of bitcoin transactions in a day
At the Bitcoin 2025 conference, held from May 27 to 29 at the Venetian Resort in Las Vegas, a new Guinness World Record was set for the number of bitcoin transactions in eight hours. On May 28, 4,187 transactions were completed using Bolt Cards that utilize the Lightning Network, showcasing the potential of bitcoin as a fast and contactless payment system. The conference gathered over 35,000 attendees, 400 exhibitors, and 500 speakers, becoming the largest event dedicated to $BTC .
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Arthur Hayes Named Key Catalyst for Bitcoin Growth
Former BitMEX CEO and Maelstrom Chief Investment Officer Arthur Hayes stated that the key catalyst for Bitcoin's growth in 2025 will be the People's Bank of China's policy. In a post on social network X from April 8, Hayes noted that the devaluation of the yuan in response to trade tariffs imposed by Donald Trump will push Chinese investors towards Bitcoin as a safe-haven asset. Historically, similar events in 2013 and 2015 contributed to the growth of $BTC , and Hayes predicts a repeat of this scenario.
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U.S. Regulator Plans to Ease Pressure on DeFi Projects — Paul Atkins
On June 10, 2025, the chair of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, announced intentions to ease regulation of decentralized finance (DeFi). At an SEC roundtable, he noted that new rules would promote innovation by removing regulatory barriers for DeFi platforms. Atkins stressed that the regulator would move away from the punitive approach that dominated under the previous leadership in favor of transparent and predictable standards.
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Uphold plans to conduct an IPO in the U.S.: new horizons for the crypto platform
Cryptocurrency platform Uphold, founded in 2013, has announced plans to conduct an initial public offering (IPO) in the U.S. According to The Block, the company, backed by FT Partners, is also considering a sale to a payment company, aiming to achieve a valuation of over $1.5 billion. CEO Simon McLoughlin noted that Uphold is in talks with banks, brokers, and financial institutions, evaluating both the IPO and the sale.
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Singapore has tightened the verification of crypto investors' income sources
On June 10, 2025, the Monetary Authority of Singapore (MAS) updated the requirements for verifying the income sources of crypto investors, tightening control over digital asset transactions. The new rules require financial companies not only to collect detailed documents confirming the legality of funds but also to analyze the origin of crypto assets, distinguishing between their types. This is part of MAS's efforts to prevent money laundering and terrorist financing.
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The Bill on Crypto Reserve Submitted to the Parliament of Ukraine
On Wednesday, June 11, 2025, a bill No. 13356 was submitted to the Verkhovna Rada of Ukraine, which provides for the creation of a national crypto reserve. The initiative allows the National Bank of Ukraine to include virtual assets, including Bitcoin, in the country's foreign exchange reserves. This step could be a significant shift in Ukraine's financial strategy, especially in the context of the ongoing war with Russia, now lasting more than 1200 days.
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Residents of Zimbabwe have fallen victim to a fake Bitcoin trading platform
Hundreds of residents in Zimbabwe have fallen victim to a fraudulent scheme disguised as the Bitcoin trading platform Amexcyp Market. Scammers, posing as the licensed fintech service InnBucks MicroBank, used social media and messenger advertisements, promising high returns on investments in $BTC . Victims were lured to invest funds through the popular local payment system Ecocash, after which they lost access to their money. InnBucks officially stated that it has no connection to Amexcyp Market and urged users to verify platforms through official channels.
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