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Ripple vs SEC Update: Legal Experts Say Judge Likely to Approve The Motion
A new motion in the Ripple vs. SEC lawsuit could finally bring the case to an end. Ripple and the SEC have requested that the court modify Judge Torres’ previous orders—but not everyone agrees with the logic. Pro-XRP Lawyer Bill Morgan shared his thoughts, raising doubts about whether this request truly meets the court’s high standard of “exceptional circumstances.
So, is this a clever shortcut to peace, or just Ripple asking for too much?
Ripple’s Last-Minute Ask
Ripple and the SEC have come together in a joint motion asking Judge Torres to adjust the final settlement terms. Specifically, Ripple wants the penalty amount reduced from $125 million to $50 million, with the remaining $75 million of the escrowed funds returned to Ripple.
The motion also requests that the court lift the injunction that has restricted Ripple’s institutional XRP sales since August 2024
According to Bill Morgan, this request is what’s holding up the appeal and cross-appeal from moving forward. If the judge agrees, the case wraps up completely, saving court time and effort.
But there’s one problem—it’s not guaranteed.
$XRP
$ETH
$SOL
So, is this a clever shortcut to peace, or just Ripple asking for too much?
Ripple’s Last-Minute Ask
Ripple and the SEC have come together in a joint motion asking Judge Torres to adjust the final settlement terms. Specifically, Ripple wants the penalty amount reduced from $125 million to $50 million, with the remaining $75 million of the escrowed funds returned to Ripple.
The motion also requests that the court lift the injunction that has restricted Ripple’s institutional XRP sales since August 2024
According to Bill Morgan, this request is what’s holding up the appeal and cross-appeal from moving forward. If the judge agrees, the case wraps up completely, saving court time and effort.
But there’s one problem—it’s not guaranteed.
$XRP
$ETH
$SOL
Walmart and Amazon eye dollar-pegged stablecoins to cut payment costs
U.S. retail powerhouses Walmart and Amazon are reportedly weighing the launch of their own dollar-pegged stablecoins.
Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure.
By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group Inc. and airlines in the United States, are considering similar stablecoin initiatives.
Amazon recently joined tech peers like Microsoft and Meta in opting against the proposal to hold crypto giant Bitcoin in its treasury. The latest report, while brief, suggests that the e-commerce giant likely prefers stablecoins as a more practical and stable path for integrating crypto-like assets into their financial ecosystems.
Leading stablecoins USDT USDT0.02% Tether and USDC USDC0% USDChave already demonstrated strong utility in global payments. Tether’s USDT recently surpassed $155 billion in circulation and the surge in adoption highlights that the assets can serve as efficient, low-cost alternatives to traditional options.
Per a June 13 WSJ report, the companies are said to be exploring how stablecoin launch and integration could help streamline payment systems, significantly cut processing fees, and reduce reliance on the traditional banking infrastructure.
By issuing their own tokens, both firms could shift massive volumes of daily transactions onto the blockchain, offering more efficient payment flows. Citing sources familiar with the matter, the report also noted that other major players, including Expedia Group Inc. and airlines in the United States, are considering similar stablecoin initiatives.
Amazon recently joined tech peers like Microsoft and Meta in opting against the proposal to hold crypto giant Bitcoin in its treasury. The latest report, while brief, suggests that the e-commerce giant likely prefers stablecoins as a more practical and stable path for integrating crypto-like assets into their financial ecosystems.
Leading stablecoins USDT USDT0.02% Tether and USDC USDC0% USDChave already demonstrated strong utility in global payments. Tether’s USDT recently surpassed $155 billion in circulation and the surge in adoption highlights that the assets can serve as efficient, low-cost alternatives to traditional options.
Singaporean financial authorities have issued a final warning to crypto exchanges
Singaporean financial authorities have issued a final warning to crypto exchanges operating in the region without a license. Exchanges are expected to cease operations by June 30 at the latest.
According to a recent report by Bloomberg, the Monetary Authority of Singapore has prompted a number of crypto exchanges to reevaluate their operations in the region due to the crackdown. The notice was first issued at the end of May, followed by a clarification on June 6, which urged crypto firms to cease operations by June 30.
This move should also not come as a surprise to the industry as we have consistently communicated our position on such service providers on various occasions,” said a MAS spokesperson to Bloomberg.
Despite financial authorities insisting that only a “very small” number of providers will be affected, major crypto firms operating in Singapore from offshore headquarters have begun to make anticipatory changes
#cryptoholder
#Binance
According to a recent report by Bloomberg, the Monetary Authority of Singapore has prompted a number of crypto exchanges to reevaluate their operations in the region due to the crackdown. The notice was first issued at the end of May, followed by a clarification on June 6, which urged crypto firms to cease operations by June 30.
This move should also not come as a surprise to the industry as we have consistently communicated our position on such service providers on various occasions,” said a MAS spokesperson to Bloomberg.
Despite financial authorities insisting that only a “very small” number of providers will be affected, major crypto firms operating in Singapore from offshore headquarters have begun to make anticipatory changes
#cryptoholder
#Binance
There are signs that the crypto market bull run is about to begin, as Bitcoin’s cup-and-handle pattern nears a breakout.
As crypto.news predicted, Bitcoin Bitcoin
BTC
0.35%
Bitcoin could jump to at least $143,000 now that it has moved above the upper boundary of the cup-and-handle formation.
Bitcoin is also on the verge of breaking above the 8-year resistance trendline, a move that could ignite a broader crypto bull run. This article highlights the top altcoins to watch ahead of that potential breakout.
Hyperliquid
Hyperliquid Hyperliquid
HYPE
5.15%
Hyperliquid is among the top altcoins to consider as the bull market gains traction. It has already surged 342% from its April low and is currently trading near its all-time high.
HYPE has rallied thanks to its growing dominance in the perpetual futures market. Data shows Hyperliquid processed over $245 billion in trading volume over the past 30 days. The protocol has also become one of the most profitable players in the decentralized exchange space, generating $65.5 million in revenue in May, up from $43.3 million in April.
The HYPE token is likely to continue climbing as its trading volume, revenue, and staking yield increase. It also invalidated a double-top pattern at $39.96, signaling further upside potential.
Uniswap
Uniswap Uniswap UNI 24.47%
Uniswap is another top altcoin to watch, driven by its expanding market share in decentralized finance. The protocol processed over $92.8 billion in volume over the past 30 days, generating $95 million in fees in May, up from $60 million the previous month.
Uniswap’s Unichain network has emerged as one of the fastest-growing chains in the crypto ecosystem. Its DEX volume reached over $9.5 billion in the past 30 days, while its total value locked (TVL) in DeFi is nearing $1 billion. Unichain’s stablecoin market cap has also surged to $320 million.
Technically, the UNI token has broken above the key resistance level at $7.5410, the high from May 11 and May 28, and the 23.6% Fibonacci retracement level.
As crypto.news predicted, Bitcoin Bitcoin
BTC
0.35%
Bitcoin could jump to at least $143,000 now that it has moved above the upper boundary of the cup-and-handle formation.
Bitcoin is also on the verge of breaking above the 8-year resistance trendline, a move that could ignite a broader crypto bull run. This article highlights the top altcoins to watch ahead of that potential breakout.
Hyperliquid
Hyperliquid Hyperliquid
HYPE
5.15%
Hyperliquid is among the top altcoins to consider as the bull market gains traction. It has already surged 342% from its April low and is currently trading near its all-time high.
HYPE has rallied thanks to its growing dominance in the perpetual futures market. Data shows Hyperliquid processed over $245 billion in trading volume over the past 30 days. The protocol has also become one of the most profitable players in the decentralized exchange space, generating $65.5 million in revenue in May, up from $43.3 million in April.
The HYPE token is likely to continue climbing as its trading volume, revenue, and staking yield increase. It also invalidated a double-top pattern at $39.96, signaling further upside potential.
Uniswap
Uniswap Uniswap UNI 24.47%
Uniswap is another top altcoin to watch, driven by its expanding market share in decentralized finance. The protocol processed over $92.8 billion in volume over the past 30 days, generating $95 million in fees in May, up from $60 million the previous month.
Uniswap’s Unichain network has emerged as one of the fastest-growing chains in the crypto ecosystem. Its DEX volume reached over $9.5 billion in the past 30 days, while its total value locked (TVL) in DeFi is nearing $1 billion. Unichain’s stablecoin market cap has also surged to $320 million.
Technically, the UNI token has broken above the key resistance level at $7.5410, the high from May 11 and May 28, and the 23.6% Fibonacci retracement level.
Crypto traders have been misled by Fortnite’s latest unveiling of the superpowered dog, Krypto. The search term “crypto treat fortnite” saw a recent breakout on Google trends, with people looking for a Fortnite token that does not exist.
According to Google Trends for cryptocurrency, many users have been misspelling Krypto treat Fortnite as “crypto treat Fortnite” when googling the game’s newest dog-themed power-up. Other search terms that pop up due to the spelling error include “Epic Games token” and “what does the crypto treat do in Fortnite?”
Despite the spike in curiosity from traders, the “crypto treat Fortnite” is not a new token issued by the third-person shooter survival video game developed by Epic Games. In fact, the treat holds zero monetary value and cannot be exchanged for fiat-currency or digital assets.
Spelled correctly with a K instead of a C, Krypto Treat is a new item introduced in the game’s Chapter 6 Season 3 linked to Superman’s superpowered pooch, Krypto.
$AVA
$SEI
$BOME
#MarketRebound #TrumpTariffs #BinanceAlphaAlert
According to Google Trends for cryptocurrency, many users have been misspelling Krypto treat Fortnite as “crypto treat Fortnite” when googling the game’s newest dog-themed power-up. Other search terms that pop up due to the spelling error include “Epic Games token” and “what does the crypto treat do in Fortnite?”
Despite the spike in curiosity from traders, the “crypto treat Fortnite” is not a new token issued by the third-person shooter survival video game developed by Epic Games. In fact, the treat holds zero monetary value and cannot be exchanged for fiat-currency or digital assets.
Spelled correctly with a K instead of a C, Krypto Treat is a new item introduced in the game’s Chapter 6 Season 3 linked to Superman’s superpowered pooch, Krypto.
$AVA
$SEI
$BOME
#MarketRebound #TrumpTariffs #BinanceAlphaAlert
The Punisher Coin blueprint: disruption with purpose
As legacy meme coins like Dogecoin show signs of fading momentum, Punisher Coin is gaining ground with an aggressive, structured approach that prioritizes competitive mechanics, deflationary design, and long-term utility.
The world of crypto presales is heating up again and all eyes are on Punisher Coin as it storms into Stage 5 of its presale tomorrow. While market sentiment around some older meme coins like Dogecoin is cooling off — with DOGE dipping below the $0.20 mark — Punisher Coin is building momentum, not just with its numbers, but with its attitude.
As a new crypto on the Ethereumblockchain, Punisher Coin is taking a bold, tactical approach that feels more like a strategic strike than a traditional token launch. With over $140,000 already raised and the countdown to Stage 5 ticking fast, it’s clear this isn’t just another meme coin looking for attention.
Punisher Coin’s entry into the meme coin space comes loaded with edge, narrative, and structure. It’s built on the ERC-20 standard, giving it the flexibility and interoperability needed for wide adoption. The total supply of $PUN is capped at 2 billion tokens, with 33% allocated to the public presale. The rest is smartly distributed across staking, rewards, and team holdings, ensuring long-term engagement without putting the token’s economy at risk.
But where Punisher Coin truly breaks the mold is with its layered identity. Through its three “shades” — The Enforcer, The Strategist, and The Executioner — it builds a dynamic personality that mirrors real-world tactics. The Enforcer goes after rival meme coins, The Strategist reads the market to stay ahead, and The Executioner is focused on catalyzing those explosive gains that crypto investors dream of.
This isn’t about wishful thinking. It’s a deliberately aggressive stance backed by utility, vision, and community mechanics that reward contribution with real value.
The rise of Punisher energy and the meme coin meta shift
Meme coin wars have become less about hype and more about clever mechanics and powerful incentives. Punisher Coin embraces that shift with its standout feature: Punisher Energy. This isn’t just a gimmick — it’s a raid-style mechanic that targets weaker meme coins, draining their liquidity while offering bonus incentives for users to swap rival tokens for $PUN.
$BNB
$XRP
$ETH
The world of crypto presales is heating up again and all eyes are on Punisher Coin as it storms into Stage 5 of its presale tomorrow. While market sentiment around some older meme coins like Dogecoin is cooling off — with DOGE dipping below the $0.20 mark — Punisher Coin is building momentum, not just with its numbers, but with its attitude.
As a new crypto on the Ethereumblockchain, Punisher Coin is taking a bold, tactical approach that feels more like a strategic strike than a traditional token launch. With over $140,000 already raised and the countdown to Stage 5 ticking fast, it’s clear this isn’t just another meme coin looking for attention.
Punisher Coin’s entry into the meme coin space comes loaded with edge, narrative, and structure. It’s built on the ERC-20 standard, giving it the flexibility and interoperability needed for wide adoption. The total supply of $PUN is capped at 2 billion tokens, with 33% allocated to the public presale. The rest is smartly distributed across staking, rewards, and team holdings, ensuring long-term engagement without putting the token’s economy at risk.
But where Punisher Coin truly breaks the mold is with its layered identity. Through its three “shades” — The Enforcer, The Strategist, and The Executioner — it builds a dynamic personality that mirrors real-world tactics. The Enforcer goes after rival meme coins, The Strategist reads the market to stay ahead, and The Executioner is focused on catalyzing those explosive gains that crypto investors dream of.
This isn’t about wishful thinking. It’s a deliberately aggressive stance backed by utility, vision, and community mechanics that reward contribution with real value.
The rise of Punisher energy and the meme coin meta shift
Meme coin wars have become less about hype and more about clever mechanics and powerful incentives. Punisher Coin embraces that shift with its standout feature: Punisher Energy. This isn’t just a gimmick — it’s a raid-style mechanic that targets weaker meme coins, draining their liquidity while offering bonus incentives for users to swap rival tokens for $PUN.
$BNB
$XRP
$ETH
From seizure to sale: Beijing taps Hong Kong to liquidate crypto
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases.
The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as a digital asset hub. It also offers a practical solution for Chinese authorities to convert seized crypto into fiat currency without breaching domestic restrictions.
According to a local report from Tech In Asia, Beijing’s Public Security Bureau established a disposal framework that involves collaboration with the China Beijing Equity Exchange to coordinate the sale of virtual assets seized in criminal cases.
Third-party agencies will carry out transactions on licensed platforms, and proceeds will be converted to yuan and transferred to designated government accounts.
This marks the first formal process established by mainland Chinese authorities for disposing of seized crypto.
In a move that underscores the strategic value of Hong Kong’s regulatory autonomy, Beijing has established its first formal process for liquidating confiscated cryptocurrencies—tapping into Hong Kong’s licensed exchanges to offload digital assets seized in criminal cases.
The arrangement highlights the stark policy divide between mainland China’s hardline anti-crypto stance and Hong Kong’s ambitions as a digital asset hub. It also offers a practical solution for Chinese authorities to convert seized crypto into fiat currency without breaching domestic restrictions.
According to a local report from Tech In Asia, Beijing’s Public Security Bureau established a disposal framework that involves collaboration with the China Beijing Equity Exchange to coordinate the sale of virtual assets seized in criminal cases.
Third-party agencies will carry out transactions on licensed platforms, and proceeds will be converted to yuan and transferred to designated government accounts.
This marks the first formal process established by mainland Chinese authorities for disposing of seized crypto.
Bitcoin and other altcoins continued their downward trend
Bitcoin BTC-2.11% Bitcoin dropped briefly below $104,000 as the market capitalization of all coins fell by 1% to $3.27 trillion. Some of the top laggards were altcoins like Fartcoin FARTCOIN15.4% Fartcoin, Dogwifhat WIF-5.23% dogwifhat, Jupiter JUP-10.52% Jupiter, and Ethena ENA-6.92% Ethena.
Analysts suggest the ongoing pullback is a typical occurrence during bull markets, as some investors begin locking in profits. In a statement to crypto.news, Ryan Lee, Chief Analyst at Bitget Research, said:
Ryan added that the ongoing geopolitical developments like trade tensions from the US had contributed to market uncertainty and triggered a risk-off sentiment.
Bitcoin tends to pull back after reaching a key resistance level, often triggering a broader correction across altcoins. For example, BTC hit a record high of $108,335 in December before retreating to $88,987 in January. It later surged to a new all-time high of $109,300 in the same month.
Bitcoin may be preparing for another rally, which could spark a broader altcoin rebound. On the daily chart, BTC is gradually forming a bullish flag pattern — characterized by a steep vertical rally (the flagpole) followed by a downward-sloping consolidation channel (the flag). This setup is typically viewed as a continuation pattern.
$BTC
$WIF
$BNB
Analysts suggest the ongoing pullback is a typical occurrence during bull markets, as some investors begin locking in profits. In a statement to crypto.news, Ryan Lee, Chief Analyst at Bitget Research, said:
Ryan added that the ongoing geopolitical developments like trade tensions from the US had contributed to market uncertainty and triggered a risk-off sentiment.
Bitcoin tends to pull back after reaching a key resistance level, often triggering a broader correction across altcoins. For example, BTC hit a record high of $108,335 in December before retreating to $88,987 in January. It later surged to a new all-time high of $109,300 in the same month.
Bitcoin may be preparing for another rally, which could spark a broader altcoin rebound. On the daily chart, BTC is gradually forming a bullish flag pattern — characterized by a steep vertical rally (the flagpole) followed by a downward-sloping consolidation channel (the flag). This setup is typically viewed as a continuation pattern.
$BTC
$WIF
$BNB
JPMorgan to accept Bitcoin ETFs as collateral for loans
According to a Bloomberg reporton June 4, the Wall Street giant is set to expand its financing options to include spot Bitcoin $BTC
BTC-0.47% BitcoinETFs. Simply put, the bank’s wealthy clients will be able to use their cryptocurrency ETFs as collateral when applying for loans.
JPMorgan chief executive officer Jamie Dimon recently announced that the bank will allow its clients to buy Bitcoin. Dimon, who remains a crypto skeptic, has previously also commented that he will defend people’s “right to buy Bitcoin.”
Now, sources say the top U.S. bank’s latest plan is to bring crypto-backed loans to its wealthy clients, with the program set to launch within JPMorgan’s trading and wealth management divisions.
JPMorgan’s new rollout will begin with BlackRock’s iShares Bitcoin Trust ETF, currently the largest spot Bitcoin ETF, with over $40.5 billion in cumulative inflows and more than $70.1 billion in net assets. While BlackRock’s IBIT is the first product in JPMorgan’s offering, expansion could eventually include other crypto funds.
$SOL
Per details in the report, this new service will
apply to all of JPMorgan’s wealthy clients globally. $BNB
BTC-0.47% BitcoinETFs. Simply put, the bank’s wealthy clients will be able to use their cryptocurrency ETFs as collateral when applying for loans.
JPMorgan chief executive officer Jamie Dimon recently announced that the bank will allow its clients to buy Bitcoin. Dimon, who remains a crypto skeptic, has previously also commented that he will defend people’s “right to buy Bitcoin.”
Now, sources say the top U.S. bank’s latest plan is to bring crypto-backed loans to its wealthy clients, with the program set to launch within JPMorgan’s trading and wealth management divisions.
JPMorgan’s new rollout will begin with BlackRock’s iShares Bitcoin Trust ETF, currently the largest spot Bitcoin ETF, with over $40.5 billion in cumulative inflows and more than $70.1 billion in net assets. While BlackRock’s IBIT is the first product in JPMorgan’s offering, expansion could eventually include other crypto funds.
$SOL
Per details in the report, this new service will
apply to all of JPMorgan’s wealthy clients globally. $BNB
Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest.
As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool Rocket Pool
RPL
-1.22%
Rocket Pool witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL.
Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.
$RPL
$DCR
$MOVE
As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool Rocket Pool
RPL
-1.22%
Rocket Pool witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL.
Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.
$RPL
$DCR
$MOVE
Fartcoin’s price has plunged 25% over the past week and nearly 40% from its May 23 peak, with technicals pointing to the risk of a further 30% slide if the critical $1 support level gives way.
Having recently dropped almost 40% from recent peak of $1.65 to $1 intraday low on May 31, Fartcoin Fartcoin
FARTCOIN 1.61% Fartcoin price is currently consolidating around $1.08, way below its EMA 20.
The latest leg down broke through the local horizontal support at $1.20, which also served as the neckline of a double top pattern. This confirmed a structural shift, with Fartcoin forming a lower low at $1 before retracing to the current $1.08 level.
Based on the current setup, further downside is likely. If the $1 support level fails, the memecoin‘s price could retest the $0.93–$0.95 zone, which has recently acted as a short-term demand area as the price had wicked twice to that level. Reaching this zone would represent a decline of roughly 14% from the current levels.
Having recently dropped almost 40% from recent peak of $1.65 to $1 intraday low on May 31, Fartcoin Fartcoin
FARTCOIN 1.61% Fartcoin price is currently consolidating around $1.08, way below its EMA 20.
The latest leg down broke through the local horizontal support at $1.20, which also served as the neckline of a double top pattern. This confirmed a structural shift, with Fartcoin forming a lower low at $1 before retracing to the current $1.08 level.
Based on the current setup, further downside is likely. If the $1 support level fails, the memecoin‘s price could retest the $0.93–$0.95 zone, which has recently acted as a short-term demand area as the price had wicked twice to that level. Reaching this zone would represent a decline of roughly 14% from the current levels.
Ethena slides as $12M token unlock casts shadow over ENA price
According to data from Tokenomist, 40.63 million Ethena
tokens, or about $12.73 million, will be unlocked on June 2. The unlock has affected market sentiment even though this only accounts for 0.7% of the supply in circulation. In the past, even minor unlocks have had an impact on prices as investors prepare for possible selling pressure from newly issued tokens.
Just 38% of ENA’s entire supply has been unlocked so far. Ethena’s circulating supply currently stands at 5.82 billion tokens out of a maximum of 15 billion, with a market cap of approximately $1.78 billion and a fully diluted valuation of over $4.56 billion.
As of this writing, ENA is down about 2% over the last day, trading at $0.304. Since late April, the token has been stuck in a downward trend, with the most recent decline reflecting caution before the unlock. ENA is now hovering below key support levels, with technical indicators flashing mixed signals.
$BTC
$ETH
$XRP
tokens, or about $12.73 million, will be unlocked on June 2. The unlock has affected market sentiment even though this only accounts for 0.7% of the supply in circulation. In the past, even minor unlocks have had an impact on prices as investors prepare for possible selling pressure from newly issued tokens.
Just 38% of ENA’s entire supply has been unlocked so far. Ethena’s circulating supply currently stands at 5.82 billion tokens out of a maximum of 15 billion, with a market cap of approximately $1.78 billion and a fully diluted valuation of over $4.56 billion.
As of this writing, ENA is down about 2% over the last day, trading at $0.304. Since late April, the token has been stuck in a downward trend, with the most recent decline reflecting caution before the unlock. ENA is now hovering below key support levels, with technical indicators flashing mixed signals.
$BTC
$ETH
$XRP
US government urges court to reject Coinbase user’s crypto records fight
US government argues Coinbase user James Harper has no right to block IRS access to his crypto records in Supreme Court filing.
The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records.
In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange.
The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons.
Harper’s case centers on a 2016 IRS investigation into widespread tax underreporting on cryptocurrency gains. At the time, the IRS discovered a sharp gap between the millions of Coinbase users trading Bitcoin
$BTC
$103,547 and the relatively few taxpayers who reported crypto gains.
$FARM
$BONK
The US government has urged the Supreme Court not to take up a Coinbase user’s challenge against the Internal Revenue Service’s (IRS) effort to obtain his crypto transaction records.
In a filing dated May 30, Solicitor General D. John Sauer argued that Coinbase user James Harper has no Fourth Amendment right to shield his financial records held by the exchange.
The government claimed that Harper “voluntarily” shared his data with Coinbase, and that the IRS followed proper legal procedures to obtain it through a judicially approved summons.
Harper’s case centers on a 2016 IRS investigation into widespread tax underreporting on cryptocurrency gains. At the time, the IRS discovered a sharp gap between the millions of Coinbase users trading Bitcoin
$BTC
$103,547 and the relatively few taxpayers who reported crypto gains.
$FARM
$BONK
Here’s what happened in crypto today
Today in crypto, the SEC dropped its lawsuit against Binance, the US Congress has introduced a comprehensive bipartisan crypto market structure bill, and Bybit secured regulatory approval under the EU’s crypto framework.
SEC drops Binance lawsuit
The US Securities and Exchange Commission asked a Washington, DC, federal court on May 29 to allow it to drop its long-running lawsuit against crypto exchange Binance and its founder, Changpeng Zhao.
The SEC said in a joint motion with Binance and Zhao that it believed dropping the suit was appropriate “in the exercise of its discretion and as a policy matter.” The agency had paused the action in February, saying that the work of its Crypto Task Force could see it put an end to the case.
The SEC sued Binance, Zhao and the exchange’s US-based arm, BAM Trading, in June 2023, alleging they violated securities law, mishandled customer funds and misled customers.
Binance and Zhao settled a separate case with the Justice Department in November 2023, agreeing to pay a $4.3 billion fine and admitting that the company violated sanctions, was an unlicensed money transmitter and failed to implement appropriate Anti-Money Laundering measures.
Zhao spent four months in jail after admitting to violating money laundering laws as part of the deal. He was also forced to step down as CEO.
It’s the SEC’s latest backdown from the crypto industry under the Trump administration, with the regulator abandoning or settling its actions against crypto companies including Coinbase, Consensus and Kraken.
$BNB
$SOL
$DOGE
SEC drops Binance lawsuit
The US Securities and Exchange Commission asked a Washington, DC, federal court on May 29 to allow it to drop its long-running lawsuit against crypto exchange Binance and its founder, Changpeng Zhao.
The SEC said in a joint motion with Binance and Zhao that it believed dropping the suit was appropriate “in the exercise of its discretion and as a policy matter.” The agency had paused the action in February, saying that the work of its Crypto Task Force could see it put an end to the case.
The SEC sued Binance, Zhao and the exchange’s US-based arm, BAM Trading, in June 2023, alleging they violated securities law, mishandled customer funds and misled customers.
Binance and Zhao settled a separate case with the Justice Department in November 2023, agreeing to pay a $4.3 billion fine and admitting that the company violated sanctions, was an unlicensed money transmitter and failed to implement appropriate Anti-Money Laundering measures.
Zhao spent four months in jail after admitting to violating money laundering laws as part of the deal. He was also forced to step down as CEO.
It’s the SEC’s latest backdown from the crypto industry under the Trump administration, with the regulator abandoning or settling its actions against crypto companies including Coinbase, Consensus and Kraken.
$BNB
$SOL
$DOGE
Bitcoin Solaris’s 4X Presale-to-Launch Growth Outperforms Market Averages
Bitcoin Solaris isn’t waiting for market permission. It’s building momentum by design, and now, with Live Coin Watch confirming a projected 4X return from presale to launch, the spotlight is only getting hotter.
But this isn’t just about numbers. This is a story about architecture, mobile-first access, and a chain finally doing what others promised. If you’re still thinking Bitcoin Solaris is just another new token, you’re already behind.
From Bitcoin’s Ideals to Real-World Use
Bitcoin Solaris (BTC-S) starts where Bitcoin left off. While Bitcoin made decentralization real, BTC-S is making it scalable and programmable. It’s built around a dual-layer blockchain—the Base Layer uses SHA-256 PoW for unmatched security, while the Solaris Layer delivers fast, efficient smart contract execution through DPoS. With finality in 2 seconds and up to 100,000 TPS, it’s capable of supporting DeFi, NFTs, and advanced dApps at scale.
The chain isn’t just powerful—it’s accessible. The upcoming Solaris Nova app will allow users to mine BTC-S directly from their smartphones. No fancy rigs. No high electricity bills. Just real participation.
$BTC
$BNB
$SOL
Bitcoin Solaris isn’t waiting for market permission. It’s building momentum by design, and now, with Live Coin Watch confirming a projected 4X return from presale to launch, the spotlight is only getting hotter.
But this isn’t just about numbers. This is a story about architecture, mobile-first access, and a chain finally doing what others promised. If you’re still thinking Bitcoin Solaris is just another new token, you’re already behind.
From Bitcoin’s Ideals to Real-World Use
Bitcoin Solaris (BTC-S) starts where Bitcoin left off. While Bitcoin made decentralization real, BTC-S is making it scalable and programmable. It’s built around a dual-layer blockchain—the Base Layer uses SHA-256 PoW for unmatched security, while the Solaris Layer delivers fast, efficient smart contract execution through DPoS. With finality in 2 seconds and up to 100,000 TPS, it’s capable of supporting DeFi, NFTs, and advanced dApps at scale.
The chain isn’t just powerful—it’s accessible. The upcoming Solaris Nova app will allow users to mine BTC-S directly from their smartphones. No fancy rigs. No high electricity bills. Just real participation.
$BTC
$BNB
$SOL
SEC delays Grayscale’s Avalanche and Cardano ETF decisions to July
A May 28 press release from the Commission said it was appropriate to designate a longer period to consider the proposed rule change. The SEC made the designation under Section 19(b)(2) of the Securities Exchange Act of 1934, which allows for extensions beyond the initial 45-day review window
Nasdaq filed the Avalanche ETF proposal on 27 March 2025 and seeks to list and trade shares of the Grayscale Avalanche Trust under Nasdaq Rule 5711(d), which governs Commodity-Based Trust Shares.
The proposed rule change was published in the Federal Register on 16 February 2025, triggering the statutory review timeline. The original 45-day decision deadline was set for 31 May 2025.
Separately, Grayscale’s Cardano ETF proposal was submitted through NYSE Arca on 10 February 2025, and plans to convert the existing Grayscale Cardano Trust into a spot ETF.
An amended version of the filing was submitted on 20 February and later published for public commenton 28 February, formally initiating a 240-day review window that ends on 22 October 2025.
$AVAX
$ADA
$BNB
#BinanceHODLerSOPH
Nasdaq filed the Avalanche ETF proposal on 27 March 2025 and seeks to list and trade shares of the Grayscale Avalanche Trust under Nasdaq Rule 5711(d), which governs Commodity-Based Trust Shares.
The proposed rule change was published in the Federal Register on 16 February 2025, triggering the statutory review timeline. The original 45-day decision deadline was set for 31 May 2025.
Separately, Grayscale’s Cardano ETF proposal was submitted through NYSE Arca on 10 February 2025, and plans to convert the existing Grayscale Cardano Trust into a spot ETF.
An amended version of the filing was submitted on 20 February and later published for public commenton 28 February, formally initiating a 240-day review window that ends on 22 October 2025.
$AVAX
$ADA
$BNB
#BinanceHODLerSOPH
ADA might hit $10 this year, while XRP is on track for a new ATH
ETH and BNB initial coin offerings. Unilabs, a novel AI-backed asset manager for digital assets, is set to follow in this path, driving massive demand and interest. On the radars of XRP and Cardano whales, UNIL is among the leading AI coins to buy now.
As a presale token, it offers a low entry point and a strong chance at significant gains: $0.0051 in Stage 2 of the ICO. Amid high demand, early funding has surpassed $1.2 million, with some calling it the best crypto to invest in.
Attracting the interest of Cardano and XRP whales
Unilabs (UNIL) perfectly combines artificial intelligence and decentralized finance, and might be this year’s leading ICO. Aiming to follow in the footsteps of ETH and BNB, its value could explode post-launch, with the current price of $0.0051 in stage 2 of the presale presenting a great entry.
On the question of its unique offering, UNIL will be the world’s first AI-backed asset manager for digital assets. As of Q2 2025, it has over $30 million in assets under management (AUM) spread across four high-profitability funds: AI, BTC, Mining and RWA Funds.
$XRP
$ADA
$SOL
the rest of the crypto market, trades upward on the monthly chart, a 5% gain. It hovers above $2.2, preparing to retest its 30-day high of $2.65 amid rekindled interest and demand
As a presale token, it offers a low entry point and a strong chance at significant gains: $0.0051 in Stage 2 of the ICO. Amid high demand, early funding has surpassed $1.2 million, with some calling it the best crypto to invest in.
Attracting the interest of Cardano and XRP whales
Unilabs (UNIL) perfectly combines artificial intelligence and decentralized finance, and might be this year’s leading ICO. Aiming to follow in the footsteps of ETH and BNB, its value could explode post-launch, with the current price of $0.0051 in stage 2 of the presale presenting a great entry.
On the question of its unique offering, UNIL will be the world’s first AI-backed asset manager for digital assets. As of Q2 2025, it has over $30 million in assets under management (AUM) spread across four high-profitability funds: AI, BTC, Mining and RWA Funds.
$XRP
$ADA
$SOL
the rest of the crypto market, trades upward on the monthly chart, a 5% gain. It hovers above $2.2, preparing to retest its 30-day high of $2.65 amid rekindled interest and demand
Sui Foundation issues loan to Cetus for user compensation following $223M
In a statement posted on X on May 27, the foundation said the loan will cover funds that the hacker managed to bridge out of the $SUI
Cetus will combine the loan with its treasury assets to reimburse affected users in full, provided the community approves a separate on-chain vote to unlock the frozen funds.
Cetus echoed this sentiment in another statement, apologizing for the incident and asking the Sui community to support the recovery vote. “We are now in a position to fully cover the stolen assets currently off-chain,” the team said, “if the locked funds are recovered through the upcoming community vote.
Cetus suffered a complex exploit targeting a flaw in its concentrated liquidity market maker contracts. The attacker exploited unchecked math operations in a third-party code library and manipulated prices using a flash swap. As a result, they were able to drain several pools by faking liquidity deposits and repeatedly withdrawing real tokens.$BNB
$XRP
In a statement posted on X on May 27, the foundation said the loan will cover funds that the hacker managed to bridge out of the $SUI
Cetus will combine the loan with its treasury assets to reimburse affected users in full, provided the community approves a separate on-chain vote to unlock the frozen funds.
Cetus echoed this sentiment in another statement, apologizing for the incident and asking the Sui community to support the recovery vote. “We are now in a position to fully cover the stolen assets currently off-chain,” the team said, “if the locked funds are recovered through the upcoming community vote.
Cetus suffered a complex exploit targeting a flaw in its concentrated liquidity market maker contracts. The attacker exploited unchecked math operations in a third-party code library and manipulated prices using a flash swap. As a result, they were able to drain several pools by faking liquidity deposits and repeatedly withdrawing real tokens.$BNB
$XRP
Thailand Unlocks Crypto Payments for Tourists Without Impacting Local Currency
Thailand is stepping into the crypto spotlight, with fresh plans to let tourists spend cryptocurrencies during their visit, all while pushing forward a regulatory revamp of its financial sector. As per the local media report, Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled the country’s bold new direction at a May 26 investment seminar in Bangkok.
The best part of this plan is that it will not impact the local currency, and no one knows that the user paid in crypto. It’s indeed a great initiative since many foreign nationals were in favour of this innovative move.
Crypto Spending Without the Hassle
Thailand, to attract tourists, will soon allow them to link their crypto holdings to credit card platforms for seamless spending. In this model, users pay in crypto, but merchants receive Thai baht, often without knowing crypto was used. This clever setup minimizes risks to the domestic currency and could be rolled out quickly, pending infrastructure and regulatory readiness.
Sweeping Financial Reforms Coming
Alongside the crypto tourism push, Thailand is reviewing outdated laws that separate the traditional capital markets and digital assets. Pichai emphasized the need for a unified legal framework and fewer restrictions on institutional investors like life insurers, who are currently limited to low-risk government bonds. Upcoming reforms may let them invest more freely in equities and private assets.
$BNB
$XRP
$SOL
Thailand is stepping into the crypto spotlight, with fresh plans to let tourists spend cryptocurrencies during their visit, all while pushing forward a regulatory revamp of its financial sector. As per the local media report, Deputy Prime Minister and Finance Minister Pichai Chunhavajira unveiled the country’s bold new direction at a May 26 investment seminar in Bangkok.
The best part of this plan is that it will not impact the local currency, and no one knows that the user paid in crypto. It’s indeed a great initiative since many foreign nationals were in favour of this innovative move.
Crypto Spending Without the Hassle
Thailand, to attract tourists, will soon allow them to link their crypto holdings to credit card platforms for seamless spending. In this model, users pay in crypto, but merchants receive Thai baht, often without knowing crypto was used. This clever setup minimizes risks to the domestic currency and could be rolled out quickly, pending infrastructure and regulatory readiness.
Sweeping Financial Reforms Coming
Alongside the crypto tourism push, Thailand is reviewing outdated laws that separate the traditional capital markets and digital assets. Pichai emphasized the need for a unified legal framework and fewer restrictions on institutional investors like life insurers, who are currently limited to low-risk government bonds. Upcoming reforms may let them invest more freely in equities and private assets.
$BNB
$XRP
$SOL
Trump Media eyes $3b to spend on crypto investments
Citing sources familiar with the matter, the report says TMTG plans to raise $2 billion through fresh equity and another $1 billion via a convertible bond. Proceeds from the raise are expected to fund new crypto investments, including allocations to Bitcoin $BTC
Sources have told Financial Times that an announcement to this effect could come as soon as this week, with a likely venue of the blockbuster news set to be Las Vegas at the Bitcoin Conference. Notably, the event has lined up U.S. vice president JD Vance, White House crypto tsar David Sacks and Trump’s sons Eric and Donald Jr. as top speakers.
During his campaign and in comments following the election, president Donald Trump has repeatedly reiterated his support for crypto and the quest to make America the “crypto capital of the world”. Trump held a private dinner for top holders of the Official Trump
-1.01% Official Trumpmemecoin last week. The group included Tron ($TRX
founder Justin Sun.
As well as the TRUMP memecoin, Trump family’s footprint in crypto includes a stake in BTC mining firm American Bitcoin and the decentralized finance project World Liberty Financial. WLF recently unveiled its stablecoin USD1.
Sources have told Financial Times that an announcement to this effect could come as soon as this week, with a likely venue of the blockbuster news set to be Las Vegas at the Bitcoin Conference. Notably, the event has lined up U.S. vice president JD Vance, White House crypto tsar David Sacks and Trump’s sons Eric and Donald Jr. as top speakers.
During his campaign and in comments following the election, president Donald Trump has repeatedly reiterated his support for crypto and the quest to make America the “crypto capital of the world”. Trump held a private dinner for top holders of the Official Trump
-1.01% Official Trumpmemecoin last week. The group included Tron ($TRX
founder Justin Sun.
As well as the TRUMP memecoin, Trump family’s footprint in crypto includes a stake in BTC mining firm American Bitcoin and the decentralized finance project World Liberty Financial. WLF recently unveiled its stablecoin USD1.
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