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☕️ GM! Here are the top events in #Crypto from the past 24 hours 📊Market Updates 🔸Truth Social files for a Bitcoin ETF via NYSE Arca, expanding Trump Media's crypto push with backing from Yorkville America Digital. 🔸The Blockchain Group buys 624 BTC for $69M, raising its total holdings to 1,471 BTC as part of its growing accumulation strategy. 🔸BCP launches pound-backed stablecoin tGBP as a live test case for FCA rules, aiming for listings on major exchanges soon. 🌟Highlights 🔸Ripple’s RLUSD stablecoin gets Dubai approval for use in DIFC, expanding Ripple’s services across the UAE’s payments market. 🔸Kraken launches Kraken Prime, a full-service brokerage offering trading, custody, and lending to meet rising institutional crypto demand. 🔸Ethereum Foundation restructures R&D as “Protocol” with new leadership and layoffs to focus on scaling, blobs, and user experience. 🔸Democratic staff slam SEC’s crypto bill briefing as evasive and unhelpful, accusing agency of hiding info and lacking experts on the call. 🔸Trump-branded crypto wallet announced via Magic Eden, but Trump’s sons deny involvement and promote their own World Liberty wallet. 🔸OSL to buy 90% of Indonesian crypto exchange Evergreen Crest for \$15M, gaining licenses and boosting Southeast Asia expansion. 🔸Classover signs deal to raise up to $500M and allocate 80% to SOL purchases, building a Solana-based treasury strategy.
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☕️ GM! Here are the top events in #Crypto from the past 24 hours 📊Market Updates 🔸Reitar Logtech plans to buy $1.5B in Bitcoin to strengthen reserves and support global expansion. 🔸Stablecoin market cap tops $250B for first time as US and HK push new laws and DeFi adoption hits record $113B in total value locked. 🔸Strategy to offer 2.5M new 'Stride' preferred shares to raise funds for more bitcoin, expanding on its $60B BTC treasury strategy. 🔸Circle boosts its IPO plans to raise $896M at a $7.2B valuation by selling 32M shares at $27–28 each, up from 24M initially planned. 🌟Highlights 🔸Singapore orders crypto firms to halt overseas activity by June 30 or face $200K fines and jail under tightened cross-border regulations. 🔸Sberbank launches structured bonds tied to Bitcoin and USD/RUB rate, with BTC futures set to debut on Moscow Exchange June 4. 🔸Robinhood completes Bitstamp acquisition to expand globally and enter institutional crypto, gaining 50+ licenses and a trusted platform. 🔸ARK 21Shares Bitcoin ETF will undergo a 3-for-1 share split on June 16 to improve accessibility and attract more retail investors. 🔸The SEC is seeking public input on whether to allow in-kind creations and redemptions for the WisdomTree Bitcoin ETF. 🔸Hackers stole $3M from Nervos Network’s Force Bridge by exploiting smart contracts and laundering funds through Tornado Cash.
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We’ve been in a mini altseason led by #Hyperliquid, Solana memes, AI agent coins, and Virtuals launches. Projects like Fartcoin, meme-AI hybrids, and pump-fund competitors are dominating crypto Twitter. If you're deep in CT, this is the narrative you'
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☕️ GM! Here are the top events in #Crypto from the past 24 hours 📊Market Updates 🔸Michael Saylor hints at another BTC buy as Strategy’s holdings hit 580,250 BTC with $20B in unrealized gains and growing market influence. 🔸Metaplanet buys 1,088 more BTC, raising its total to 8,888 BTC worth $930M as it aims for 10,000 BTC by year-end. 🔸Ethereum saw $321M inflows in its strongest 6-week streak since 2024 while Bitcoin faced $8M outflows after US tariff ruling. 🌟Highlights 🔸Wintermute says Ethereum's new Pectra upgrade is being exploited, with 80% of EIP-7702 use tied to wallet-draining attacks. 🔸France charges 25 people, including minors, over crypto kidnapping plots targeting Paymium CEO’s family. 🔸Taiwanese exchange BitoPro likely lost $11.5M in a May 8 exploit. Stolen funds were laundered through Tornado Cash and Thorchain. 🔸TON blockchain went offline for 40 mins due to a masterchain error. Issue was fixed quickly and no user funds or transactions were affected. 🔸World Vision Korea sold 0.55 ETH on Upbit, marking South Korea's first institutional crypto sale since lifting its trading ban. 🔸UK-listed IG Group now offers spot crypto trading to retail users, expanding beyond CFDs via a new partnership with Uphold. 🔸Ross Ulbricht’s prison items auction raised $1.8M in BTC, with his prison ID card alone selling for 11 BTC.
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People overthink crypto cycles. Most of the money is made in boring consolidation and patient rotation, not breakout chasing.
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