Young

@vantrong35

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According to Reuters, Gemini and Coinbase are expected to receive EU licenses from Malta and Luxembourg respectively under the new MiCA regulations, allowing them to operate across all 27 EU countries. Malta's fast approval of OKX and Crypto com has raised concerns among other regulators about its oversight capacity. ESMA is reviewing Malta's licensing process and plans to release a report.

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The Israeli Air Force is attacking dozens of targets related to Iran's nuclear program and other military facilities, announcing that it will eliminate the Iranian nuclear threat. Affected by this, the capital market fluctuated for a short time, with Bitcoin falling 2% in 1 hour and Ethereum falling 4.4%. According to CoinGlass data, approximately 215,000 traders were liquidated across the market in the past 24 hours, with total liquidation volume reaching $1.019 billion. Long positions accounted for $945 million of the liquidations. The largest single liquidation occurred on Binance in the BTCUSDT pair, valued at $201 million.

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The U.S. Senate voted 68–30 to invoke cloture on a substitute amendment to the GENIUS stablecoin bill, clearing the way for a final vote as early as next Monday unless party leaders agree to shorten the debate period. The bill requires stablecoins to be fully backed by U.S. dollars or similarly liquid assets and mandates annual audits for issuers with a market capitalization exceeding $50 billion.

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The U.S. state of Connecticut has passed HB7082, a law that prohibits the state government from accepting, holding, or investing in any virtual currencies. The legislation also imposes new requirements on money transmitters and explicitly bans the establishment of a “reserve of virtual currency.” The bill passed both the state House and Senate unanimously, with no dissenting votes.

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The U.S. Department of Justice has indicted Russian national Iurii Gugnin, a New York resident, for allegedly laundering over $530 million—primarily in USDT—into the U.S. financial system via his crypto firm Evita between June 2023 and January 2025. He faces 22 counts, including bank fraud, sanctions evasion, and export control violations, with a maximum sentence of 30 years per bank fraud charge.

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Asia’s weekly TOP10 crypto news (June 2 to June 8) South Korea’s President-Elect Supports Crypto ETFs and KRW Stablecoins, Singapore Clarifies Token Regulation Scope, Hong Kong Proposes Allowing Professional Investors Crypto Derivatives Trading, Japan Passes New Crypto Intermediary Rules, UAE Launches First Finfluencer License, China Cracks Down on HyperLiquid Laundering, and More.

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Just minted my Monad Cast NFT! 🎉 Get your NFT and Play Spin Wheel to earn $MON

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Coinbase and BiT Global have settled their dispute over the delisting of wBTC, with BiT Global dismissing its lawsuit filed in the Northern District of California. Both parties will cover their own legal fees. BiT Global had alleged that Coinbase unjustifiably delisted wBTC, harming its liquidity and reputation while favoring its own competing product, cbBTC.

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Eric Trump announced that the TRUMP meme coin has aligned with World Liberty Financial. Although the meme wallet project will not move forward, the firm remains committed to supporting TRUMP and plans to acquire a substantial position in the token for its long-term treasury.

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Donald Trump stated on social media that the easiest way to reduce the budget is to terminate the governmental subsidies and contracts received by Elon Musk, expressing surprise that the Biden administration had not done so.

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A cat with a monocle nodded in approval at this GM. 🐱🧐 Only the best vibes make the cut—shoutout to 🔵 @basefrens 🔵 for this one!

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BitFuFu reported producing 400 BTC in May 2025, up 91.4% month-over-month, with 357 BTC from cloud mining customers. Managed hashrate rose 20.5% to 34.1 EH/s. The company sold 178 BTC during the month at an average price of $104,000 and held 1,709 BTC as of May 31.

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I just scored 5450 points in Sperm Survival! Come play and beat me: https://spermsurvival.xyz

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I just scored 802 in Chog vs Cat Girls. Can you beat my score?

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President Donald Trump has signed a proclamation to raise tariffs on steel and aluminum imports from 25% to 50%, with the new rate taking effect on June 4, 2025. Tariffs on imports from the United Kingdom will remain at 25% until at least July 9, 2025, pending the status of the U.S.-UK Economic Prosperity Deal.

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Robinhood has completed a $200 million all-cash acquisition of Luxembourg-based crypto exchange Bitstamp, expanding its institutional crypto services across Europe, the UK, and Asia. Bitstamp serves over 5,000 institutional and 50,000 retail clients, with most volume driven by institutions. The deal matches the original June 2024 agreement. On May 13, Robinhood also announced a $179 million acquisition of Canadian crypto platform WonderFi.

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Asia’s weekly TOP10 crypto news (May 26 to June 1) Hong Kong’s Stablecoin Ordinance Becomes Law, Pakistan to Establish Bitcoin Reserve, Thailand SEC to Block Bybit and Others, Vietnam Busts $390M Crypto Scam, Philippine Ransom Case Involves USDT and More.

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According to CoinGecko, the total market capitalization of stablecoins has surpassed $250 billion, reaching a new all-time high. Tether (USDT) holds the top position with a market cap exceeding $153 billion, accounting for approximately 61.2%, while USDC ranks second with a market cap surpassing $61 billion.

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FTX has announced the commencement of its second distribution, disbursing over $5 billion to “convenience” and “non-convenience” class creditors who have completed the required prerequisites. Customers are expected to receive the funds within 1 to 3 business days starting today.

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The Thailand SEC announced that it will block cryptocurrency exchanges Bybit, 1000X, CoinEx, OKX and XT platforms on June 28, 2025, and initiate legal proceedings against them for being unlicensed digital asset business operators.

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