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MAS Sets Hard June 30 Deadline for Unlicensed Crypto Firms Serving Overseas Clients
Singapore regulator offers no transition period as the DTSP licensing regime takes effect.
CEOs, directors, partners, and managers demand sufficient experience in operating DTSP businesses and understanding
Singapore's regulatory framework.
License holders will be subject to ongoing compliance obligations, including annual independent audits of transactions related to digital token services, with audit reports submitted directly to MAS.
Industry Pushback Falls on Deaf Ears
During the consultation period that closed on November 4, 2024, industry participants raised concerns about the proposed four-week commencement notification period, arguing it was insufficient for preparing license applications. They requested transitional arrangements and temporary exemptions to continue operations while applications were under review.
However, MAS has rejected these requests, maintaining its position that unlicensed operators must cease overseas services by the June 30 deadline without exception.
The regulator also dismissed industry suggestions for tiered fee structures based on business size and scope, opting instead for a flat annual fee structure applied uniformly across all licensees.
MAS has justified the strict approach by citing heightened risks associated with cross-border crypto services. The regulator argues that DTSPs may be more susceptible to money laundering and terrorism financing risks due to the internet-based and cross-border nature of their operations.
This regulatory stance builds on earlier measures, including anti-money laundering and countering terrorism financing requirements published on April 2, 2024, for digital payment token service providers.
The regulation represents a significant tightening of Singapore's crypto regulatory environment, potentially forcing many local firms to either obtain expensive licenses, restructure their operations, or exit overseas markets entirely.
With less than four weeks remaining until June 30
$BTC
Singapore regulator offers no transition period as the DTSP licensing regime takes effect.
CEOs, directors, partners, and managers demand sufficient experience in operating DTSP businesses and understanding
Singapore's regulatory framework.
License holders will be subject to ongoing compliance obligations, including annual independent audits of transactions related to digital token services, with audit reports submitted directly to MAS.
Industry Pushback Falls on Deaf Ears
During the consultation period that closed on November 4, 2024, industry participants raised concerns about the proposed four-week commencement notification period, arguing it was insufficient for preparing license applications. They requested transitional arrangements and temporary exemptions to continue operations while applications were under review.
However, MAS has rejected these requests, maintaining its position that unlicensed operators must cease overseas services by the June 30 deadline without exception.
The regulator also dismissed industry suggestions for tiered fee structures based on business size and scope, opting instead for a flat annual fee structure applied uniformly across all licensees.
MAS has justified the strict approach by citing heightened risks associated with cross-border crypto services. The regulator argues that DTSPs may be more susceptible to money laundering and terrorism financing risks due to the internet-based and cross-border nature of their operations.
This regulatory stance builds on earlier measures, including anti-money laundering and countering terrorism financing requirements published on April 2, 2024, for digital payment token service providers.
The regulation represents a significant tightening of Singapore's crypto regulatory environment, potentially forcing many local firms to either obtain expensive licenses, restructure their operations, or exit overseas markets entirely.
With less than four weeks remaining until June 30
$BTC
SharpLink Gaming aims to raise $1b from share sale to boost Ethereum Treasury🎮
SharpLink Gaming plans to offer up to $1 billion worth of shares of common stock in order to buy Ethereum to boost its holdings, continuing its efforts to build an Ether treasury.
According to an SEC filing, the U.S.-based company plans to issue up to 72.05 million shares of common stocks. These stock will be marked under the symbol “SBET.” As much as 12.6 million shares in the offering will be valued at $79.21 per share, as per the reported sale price registered to Nasdaq on May 29.
However, the actual number of shares the company plans to issue will depend on how many they decide to sell and how much the price offering will be.
Within the document, SharpLink Gaming declared that it would use the entirety of funds generated from the stocks offering to buy Ethereum Ethereum
eth
-0.63%
Ethereum. The decision aligns with the firm’s earlier announcement back in May
“We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” wrote SharpLink Gaming in the filing.
Price chart for SharpLink Gaming's chosen treasury asset in the past few days, June 2, 2025 | Source: crypto.news
Price chart for SharpLink Gaming’s chosen treasury asset in the past few days, June 2, 2025 | Source: crypto.news
You might also like:
SharpLink stock rockets 420% on $425m strategic crypto placement
If the company does manage to sell all their common shares, it would have enough money to buy $1 billion worth of ETH. Based on current market prices, the company could accumulate approximately 400,000 ETH. Many traders have pointed out how the company’s current strategy mirrors that of Michael Saylor’s Strategy, the largest corporate Bitcoin Bitcoin
btc
0.17%
Bitcoin holder.
At press time, Ethereum has gone down by 0.4% in the past 24 hours. It is currently trading hands at $2,484, with a market cap nearly reaching $300 billion.
SharpLink Gaming plans to offer up to $1 billion worth of shares of common stock in order to buy Ethereum to boost its holdings, continuing its efforts to build an Ether treasury.
According to an SEC filing, the U.S.-based company plans to issue up to 72.05 million shares of common stocks. These stock will be marked under the symbol “SBET.” As much as 12.6 million shares in the offering will be valued at $79.21 per share, as per the reported sale price registered to Nasdaq on May 29.
However, the actual number of shares the company plans to issue will depend on how many they decide to sell and how much the price offering will be.
Within the document, SharpLink Gaming declared that it would use the entirety of funds generated from the stocks offering to buy Ethereum Ethereum
eth
-0.63%
Ethereum. The decision aligns with the firm’s earlier announcement back in May
“We intend to use substantially all of the proceeds from this offering to acquire Ether, the native cryptocurrency of the Ethereum blockchain commonly referred to as “ETH,” wrote SharpLink Gaming in the filing.
Price chart for SharpLink Gaming's chosen treasury asset in the past few days, June 2, 2025 | Source: crypto.news
Price chart for SharpLink Gaming’s chosen treasury asset in the past few days, June 2, 2025 | Source: crypto.news
You might also like:
SharpLink stock rockets 420% on $425m strategic crypto placement
If the company does manage to sell all their common shares, it would have enough money to buy $1 billion worth of ETH. Based on current market prices, the company could accumulate approximately 400,000 ETH. Many traders have pointed out how the company’s current strategy mirrors that of Michael Saylor’s Strategy, the largest corporate Bitcoin Bitcoin
btc
0.17%
Bitcoin holder.
At press time, Ethereum has gone down by 0.4% in the past 24 hours. It is currently trading hands at $2,484, with a market cap nearly reaching $300 billion.
Stanford PhD Holder Predicts Bitcoin ATH This Week
Notably, Bitcoin’s price action over the past week showed signs of short-term weakness, dropping from just under $110,000 to a low near $103,000. It later saw a slight recovery to around $105,000. Amid this pullback, industry watchers have laid out bold forecasts for Bitcoin’s medium and long-term trajectories.
Fred Krueger Outlines Speculative Timeline
Amid the market downturn, Fred Krueger, a prominent mathematician and analyst who holds a Standford PhD, maintained an assertive stance on Bitcoin’s outlook. On X, where he holds over 163,000 followers, he predicted that Bitcoin could reach an all-time high within the week.
This followed his earlier April estimate that placed a 77% probability on Bitcoin reaching a new ATH in 2025.
Recall, Krueger previously detailed a speculative projection titled “The Final Run,” which he believes could drive Bitcoin toward a $600,000 valuation. According to his outline, the scenario begins on July 21, 2025, with a $200 billion U.S.
This, he suggests, would spark a broader confidence crisis in the U.S. dollar. Following this, BRICS nations are expected to introduce a payment system settled in Bitcoin and gold. By August, countries such as Nigeria, Turkey, and Venezuela could reportedly shift a portion of their foreign reserves into Bitcoin.
Krueger further anticipates that treasury yields may surge above 8.5% in September, coinciding with a projected 35% collapse in the U.S. real estate prices within a three-week period.
During this phase, major tech companies are also expected to integrate Bitcoin into their financial systems. All events, according to his scenario, culminate in an October summit modeled after Bretton Woods, where the U.S. could propose a partial Bitcoin and gold backing for the dollar.
Bitcoin Hits a Record Close:
While Krueger’s roadmap remains speculative, Bitcoin recently recorded its highest monthly close at $104,591. This price milestone signals increased institutional and retail interest.
$BTC
Notably, Bitcoin’s price action over the past week showed signs of short-term weakness, dropping from just under $110,000 to a low near $103,000. It later saw a slight recovery to around $105,000. Amid this pullback, industry watchers have laid out bold forecasts for Bitcoin’s medium and long-term trajectories.
Fred Krueger Outlines Speculative Timeline
Amid the market downturn, Fred Krueger, a prominent mathematician and analyst who holds a Standford PhD, maintained an assertive stance on Bitcoin’s outlook. On X, where he holds over 163,000 followers, he predicted that Bitcoin could reach an all-time high within the week.
This followed his earlier April estimate that placed a 77% probability on Bitcoin reaching a new ATH in 2025.
Recall, Krueger previously detailed a speculative projection titled “The Final Run,” which he believes could drive Bitcoin toward a $600,000 valuation. According to his outline, the scenario begins on July 21, 2025, with a $200 billion U.S.
This, he suggests, would spark a broader confidence crisis in the U.S. dollar. Following this, BRICS nations are expected to introduce a payment system settled in Bitcoin and gold. By August, countries such as Nigeria, Turkey, and Venezuela could reportedly shift a portion of their foreign reserves into Bitcoin.
Krueger further anticipates that treasury yields may surge above 8.5% in September, coinciding with a projected 35% collapse in the U.S. real estate prices within a three-week period.
During this phase, major tech companies are also expected to integrate Bitcoin into their financial systems. All events, according to his scenario, culminate in an October summit modeled after Bretton Woods, where the U.S. could propose a partial Bitcoin and gold backing for the dollar.
Bitcoin Hits a Record Close:
While Krueger’s roadmap remains speculative, Bitcoin recently recorded its highest monthly close at $104,591. This price milestone signals increased institutional and retail interest.
$BTC
Bitcoin price levels to watch as ‘bear flag’ breakdown targets $97K
Key takeaways:
The emergence of a bear flag on the four-hour chart projects a Bitcoin price drop to $97,000.
Traders say BTC price may drop as low as $85,000 if key support levels are broken, including the $100,000 psychological level and the yearly opening at around $92,000.
Bitcoin’s
BTCUSD
price is forming a classic bearish pattern on lower time frames, triggering fears that a breakdown could lead to a drop toward $97,000.
Breakout points to $97K target
Bitcoin’s price action has formed a textbook bear flag pattern on the four-hour chart, a bearish continuation setup formed when the price consolidates upward in a parallel channel after a sharp downward move.
In Bitcoin’s case, the flag began forming after BTC bottomed at nearly $103,100 on May 31. The consolidation persisted over the weekend, with the price continuously retesting the support line of the flag.
The bearish continuation will be confirmed once the price breaks below the lower boundary of the flag at $104,800. The pattern’s projected downside target is now sitting near $97,690, measured after adding the height of the initial flagpole to the breakout point.
For crypto analyst Daan Crypto Trades, the mid-range at $99,600 and the previous all-time high at $108,000 are crucial levels to watch during the first week of June.
“I think there’s a good chance that the first week is likely a move that can be faded upon seeing the first signs of local reversals” at either of these points, the trader said in a June 1 post on X.
An accompanying chart showed that a break above $108,000 would see the
BTCUSD
pair rise toward its $111,900 all-time high, where it would likely meet strong resistance, occasioning a drop back into the range.
Similarly, a break below $99,600 would see the pair drop lower before finding solace from the 200-day simple moving average at $97,600.
“No strong bias toward either direction here, so will just remain nimble and play with what I get.”
$BTC
Key takeaways:
The emergence of a bear flag on the four-hour chart projects a Bitcoin price drop to $97,000.
Traders say BTC price may drop as low as $85,000 if key support levels are broken, including the $100,000 psychological level and the yearly opening at around $92,000.
Bitcoin’s
BTCUSD
price is forming a classic bearish pattern on lower time frames, triggering fears that a breakdown could lead to a drop toward $97,000.
Breakout points to $97K target
Bitcoin’s price action has formed a textbook bear flag pattern on the four-hour chart, a bearish continuation setup formed when the price consolidates upward in a parallel channel after a sharp downward move.
In Bitcoin’s case, the flag began forming after BTC bottomed at nearly $103,100 on May 31. The consolidation persisted over the weekend, with the price continuously retesting the support line of the flag.
The bearish continuation will be confirmed once the price breaks below the lower boundary of the flag at $104,800. The pattern’s projected downside target is now sitting near $97,690, measured after adding the height of the initial flagpole to the breakout point.
For crypto analyst Daan Crypto Trades, the mid-range at $99,600 and the previous all-time high at $108,000 are crucial levels to watch during the first week of June.
“I think there’s a good chance that the first week is likely a move that can be faded upon seeing the first signs of local reversals” at either of these points, the trader said in a June 1 post on X.
An accompanying chart showed that a break above $108,000 would see the
BTCUSD
pair rise toward its $111,900 all-time high, where it would likely meet strong resistance, occasioning a drop back into the range.
Similarly, a break below $99,600 would see the pair drop lower before finding solace from the 200-day simple moving average at $97,600.
“No strong bias toward either direction here, so will just remain nimble and play with what I get.”
$BTC
Bitcoin Holds Above $105K Amid Bullish Sentiment and Technical Uncertainty
Bitcoin (BTC) is trading at approximately $105,293 as of June 2, 2025, marking a modest 0.91% gain over the past 24 hours. The intraday trading range saw lows of $103,935 and highs nearing $105,808, with total market capitalization hovering around $2.1 trillion. Daily trading volume sits at an estimated $39 billion.
Analysts remain split on Bitcoin’s immediate direction, pointing to a potential bear flag formation on the 4-hour chart. If validated, this bearish pattern could signal a downward move toward $97,000. Conversely, holding above key psychological support at $100,000 could bolster upward momentum.
BTC’s price structure is currently testing major resistance around the $108,000 mark. A confirmed breakout above this level could set the stage for a run toward $120,000. Support remains firm at $100,000, with further downside risk extending to $92,000 if momentum falters.
The mixed technical picture has traders watching closely for volume spikes and price confirmation. While the bear flag adds caution to the outlook, macro fundamentals and demand-side signals remain constructive.
Recent on-chain data reveals that Bitcoin reserves on centralized exchanges are at record lows, suggesting a supply crunch that could provide tailwinds for price appreciation. Mid-sized whales have ramped up accumulation, while long-term holders appear to be trimming positions—a divergence often observed during late-stage rallies.
Meanwhile, institutional interest continues to rise. Notably, companies such as Trump Media and GameStop have added Bitcoin to their balance sheets, signaling growing corporate adoption.
Looking ahead, Bitcoin’s trajectory depends on its ability to sustain momentum above $105,000 and break through resistance at $108,000. A bullish breakout could validate calls for a move to $120,000, especially in light of declining supply and macro adoption trends.
$BTC
Bitcoin (BTC) is trading at approximately $105,293 as of June 2, 2025, marking a modest 0.91% gain over the past 24 hours. The intraday trading range saw lows of $103,935 and highs nearing $105,808, with total market capitalization hovering around $2.1 trillion. Daily trading volume sits at an estimated $39 billion.
Analysts remain split on Bitcoin’s immediate direction, pointing to a potential bear flag formation on the 4-hour chart. If validated, this bearish pattern could signal a downward move toward $97,000. Conversely, holding above key psychological support at $100,000 could bolster upward momentum.
BTC’s price structure is currently testing major resistance around the $108,000 mark. A confirmed breakout above this level could set the stage for a run toward $120,000. Support remains firm at $100,000, with further downside risk extending to $92,000 if momentum falters.
The mixed technical picture has traders watching closely for volume spikes and price confirmation. While the bear flag adds caution to the outlook, macro fundamentals and demand-side signals remain constructive.
Recent on-chain data reveals that Bitcoin reserves on centralized exchanges are at record lows, suggesting a supply crunch that could provide tailwinds for price appreciation. Mid-sized whales have ramped up accumulation, while long-term holders appear to be trimming positions—a divergence often observed during late-stage rallies.
Meanwhile, institutional interest continues to rise. Notably, companies such as Trump Media and GameStop have added Bitcoin to their balance sheets, signaling growing corporate adoption.
Looking ahead, Bitcoin’s trajectory depends on its ability to sustain momentum above $105,000 and break through resistance at $108,000. A bullish breakout could validate calls for a move to $120,000, especially in light of declining supply and macro adoption trends.
$BTC
Facing check-In issue?
Step 1
Go to rewards, hub
Step 2
New option
DAILY check-In
Click on it
BY NOW, YOU GET CHECK IN POINTS
#checkintoday
Step 1
Go to rewards, hub
Step 2
New option
DAILY check-In
Click on it
BY NOW, YOU GET CHECK IN POINTS
#checkintoday
🚨BREAKING:
TRUMP’S WHITE HOUSE JUST ANNOUNCED THEY WANT TO BUY AS MUCH BITCOIN AS POSSIBLE.
THIS IS MASSIVE! 🚀
$BTC
TRUMP’S WHITE HOUSE JUST ANNOUNCED THEY WANT TO BUY AS MUCH BITCOIN AS POSSIBLE.
THIS IS MASSIVE! 🚀
$BTC
Click/join and claim your rewards.
Join the Binance Spot ROI Competition and Win a Share of $200,000 USDC!
Are you ready to put your trading skills to the test? Binance is hosting an exclusive Spot ROI Competition, where skills matter more than size!
✅ Total Prize Pool: $200,000 USDC
✅ Duration: March 18, 2025 – April 1, 2025
✅ Compete and earn rewards based on your ROI performance
📢 Share this event with your friends, and let’s win together!
Join the Binance Spot ROI Competition and Win a Share of $200,000 USDC!
Are you ready to put your trading skills to the test? Binance is hosting an exclusive Spot ROI Competition, where skills matter more than size!
✅ Total Prize Pool: $200,000 USDC
✅ Duration: March 18, 2025 – April 1, 2025
✅ Compete and earn rewards based on your ROI performance
📢 Share this event with your friends, and let’s win together!
#VoteToDelistOnBinance
Regarding delisting, Binance typically evaluates cryptocurrencies based on factors such as project viability, trading volume, and community support. If a cryptocurrency fails to meet Binance's standards, it may be delisted. Binance usually announces delisting decisions through official channels, providing users with sufficient notice and information.
For the most accurate and up-to-date information on Binance's listing and delisting policies, I recommend referring to Binance's official announcements and guidelines.
Regarding delisting, Binance typically evaluates cryptocurrencies based on factors such as project viability, trading volume, and community support. If a cryptocurrency fails to meet Binance's standards, it may be delisted. Binance usually announces delisting decisions through official channels, providing users with sufficient notice and information.
For the most accurate and up-to-date information on Binance's listing and delisting policies, I recommend referring to Binance's official announcements and guidelines.
🇺🇸 NEW: Crypto czar David Sacks divested $200,000,000 worth of assets to avoid any conflict of interest in the role.
$BTC
$BTC
🔥 Top 5 Trending Cryptos on Reddit (March 20) 🔥
1️⃣ Meme (MEME) – 2 mentions | 2,526 upvotes | 24H: NA
2️⃣ #Bitcoin (BTC) – 302 mentions | 2,063 upvotes | 24H: -8%
3️⃣ #Ethereum (ETH) – 139 mentions | 1,253 upvotes | 24H: +9%
4️⃣ #Solana (SOL) – 22 mentions | 865 upvotes | 24H: -46%
5️⃣ Estfor Kingdom (EST) – 4 mentions | 795 upvotes | 24H: +300%
Which one is dominating your watchlist?
$ETH
$BTC
$SOL
1️⃣ Meme (MEME) – 2 mentions | 2,526 upvotes | 24H: NA
2️⃣ #Bitcoin (BTC) – 302 mentions | 2,063 upvotes | 24H: -8%
3️⃣ #Ethereum (ETH) – 139 mentions | 1,253 upvotes | 24H: +9%
4️⃣ #Solana (SOL) – 22 mentions | 865 upvotes | 24H: -46%
5️⃣ Estfor Kingdom (EST) – 4 mentions | 795 upvotes | 24H: +300%
Which one is dominating your watchlist?
$ETH
$BTC
$SOL
Binance has introduced a community-driven initiative called "Vote to List," enabling users to participate directly in the token listing process on the exchange. This mechanism allows Binance users holding at least 0.01 BNB to vote on projects they wish to see listed. Tokens receiving the highest votes and passing Binance's due diligence assessments are considered for listing on the platform.
Similarly, the "Vote to Delist" feature empowers the community to propose the removal of tokens that may lack development updates, have inactive communities, or pose risks to investors. This ensures that the platform maintains a selection of tokens that align with user interests and safety standards.
These initiatives mark a shift towards greater transparency and community involvement in Binance's token listing and delisting processes, reflecting the broader ethos of decentralization in the crypto space.
#VoteToListOnBinance
Similarly, the "Vote to Delist" feature empowers the community to propose the removal of tokens that may lack development updates, have inactive communities, or pose risks to investors. This ensures that the platform maintains a selection of tokens that align with user interests and safety standards.
These initiatives mark a shift towards greater transparency and community involvement in Binance's token listing and delisting processes, reflecting the broader ethos of decentralization in the crypto space.
#VoteToListOnBinance
I've been in crypto for 7 years
For the first 5 years, I barely made any money
For the last 2 years, I have made millions. What changed?
I learned how to do my own research and stopped relying on influencers
#MarketMoves
For the first 5 years, I barely made any money
For the last 2 years, I have made millions. What changed?
I learned how to do my own research and stopped relying on influencers
#MarketMoves
PancakeSwap (CAKE) is a decentralized exchange (DEX) built on multiple blockchains, notably the Binance Smart Chain (BSC). It operates using an automated market maker (AMM) model, allowing users to trade BEP-20 tokens directly from their wallets without the need for a centralized intermediary.
As of March 18, 2025, CAKE is trading at approximately $2.59 USD.
The platform offers various features, including yield farming, staking, and participation in lotteries, all designed to incentivize liquidity provision and user engagement. Users can earn CAKE tokens by providing liquidity to pools, staking CAKE in Syrup Pools, or participating in yield farms.
PancakeSwap has established itself as a significant player in the decentralized finance (DeFi) ecosystem, with a total value locked (TVL) exceeding $2.3 billion as of 2024. Its native token, CAKE, not only serves as a reward mechan
ism but also grants holders governance rights, enabling them to vote on proposals that influence the platform's development and future direction.
For those interested in acquiring CAKE tokens, they are available for trading on several centralized exchanges, with Binance being one of the most active platforms for CAKE/USDT trading pairs. It's essential to conduct thorough research and consider the inherent risks associated with cryptocurrency investments before engaging in any trading activities.
$CAKE
As of March 18, 2025, CAKE is trading at approximately $2.59 USD.
The platform offers various features, including yield farming, staking, and participation in lotteries, all designed to incentivize liquidity provision and user engagement. Users can earn CAKE tokens by providing liquidity to pools, staking CAKE in Syrup Pools, or participating in yield farms.
PancakeSwap has established itself as a significant player in the decentralized finance (DeFi) ecosystem, with a total value locked (TVL) exceeding $2.3 billion as of 2024. Its native token, CAKE, not only serves as a reward mechan
ism but also grants holders governance rights, enabling them to vote on proposals that influence the platform's development and future direction.
For those interested in acquiring CAKE tokens, they are available for trading on several centralized exchanges, with Binance being one of the most active platforms for CAKE/USDT trading pairs. It's essential to conduct thorough research and consider the inherent risks associated with cryptocurrency investments before engaging in any trading activities.
$CAKE
FOMC meeting on Wednesday!
The Fed will decide to hike, hold, or cut rates.
What's your thoughts? 👇
#fomc
The Fed will decide to hike, hold, or cut rates.
What's your thoughts? 👇
#fomc
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