Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Shiba Inu (SHIB) has experienced significant fluctuations in whale activity. Initially, large whale transactions dropped sharply by 91%, from 24.3 trillion SHIB to just 2.06 trillion, suggesting waning confidence and reduced liquidity. Despite this, SHIB’s price increased moderately by 1.75% as of June 9, 2025. In a later development, SHIB’s price faced a 20% decline over the past month. This drop triggered a shift, with SHIB whales aggressively accumulating 1.93 trillion tokens in a single day, signaling renewed demand and a reversal from the monthly low in large holder inflows. Exchange net outflows climbed to $2.7 million, indicating strong accumulation as tokens moved from exchanges to private wallets. This accumulation led to a short-term 1.03% price rebound, pushing SHIB to $0.00001259, with analysts suggesting that continued whale interest could help test resistance at $0.000013. However, a reversal back to net selling could see prices fall below the $0.000012 support. Traders should closely monitor whale movements and overall market sentiment for cues on SHIB’s short-term direction, as swift shifts in large holder behavior drive both volatility and liquidity in memecoins like SHIB.

Bitcoin (BTC) is experiencing heightened volatility, driven by significant technical and macroeconomic factors. Recently, BTC has pulled back over 10% from its all-time high, partly due to over $1.9 billion in long liquidations across the crypto market, notably $875 million in a single day. Key price levels are in focus: $100,000 serves as crucial support, while $106,600 and $112,000 act as resistance and potential short squeeze zones. Technical analysis highlights that prior BTC rallies were spot-driven, with large accumulation zones around $93,000–$104,000. Current on-chain data signals increased selling by long-term holders and the importance of reclaiming the $106,200 short-term holder cost basis to ease selling pressure. Macroeconomic uncertainties, including soft US job growth, deteriorating economic sectors, and elevated inflation risk due to tariffs and declining imports, are shaping investor sentiment. The release of US inflation metrics (CPI and PPI) this week could further influence Bitcoin’s performance, particularly regarding its inflation-hedging narrative. Market participants should also watch for external volatility from major figures like Elon Musk and Donald Trump. Notably, adoption trends continue, with IG Group enabling direct spot crypto trading and Japan’s Metaplanet ramping up BTC reserves, while UK regulators are reconsidering crypto ETN access for retail investors. Overall, Bitcoin stands at a crossroads of technical, macro, and adoption signals—traders must monitor these factors for informed decision-making.

Bitcoin has sustained a stable price above $100,000 throughout June 2025, reflecting growing market maturity and strong institutional and corporate demand. Over 100 publicly traded companies, notably led by Strategy (formerly MicroStrategy), have consistently increased their Bitcoin holdings, with new companies joining weekly. Corporate leader Michael Saylor now forecasts a 30% average annual growth rate and a possible long-term target of $13 million per Bitcoin by 2045. Market stability is further supported by the lack of volatile statements from influential figures and the emergence of derivative investment tools, which have enhanced liquidity and attracted institutional participants. Strategy alone holds over 580,000 BTC, valued above $61 billion. The scarcity of daily new Bitcoin supply—just 450 coins, mostly acquired by institutions—continues to add upward pressure. The European Central Bank’s cautious development of the digital euro provides regulatory clarity without disrupting the broader crypto market. Recent technical indicators suggest a consolidation phase, with analysts noting that institutional demand and evolving investment products are key in supporting prices. The outlook for Bitcoin will depend on ongoing corporate involvement, innovative investment options, shifting regulatory policies, and broader market trends. Traders should monitor these dynamics closely, as both long-term fundamentals and product innovation are expected to play significant roles amid ongoing crypto market volatility.

Bitcoin (BTC) and Ethereum (ETH) are showing signs of a potential bullish reversal after holding above their 4-hour 200-period moving averages (MA) and exponential moving averages (EMA), following sharp declines in late May. Technical indicators such as the Relative Strength Index (RSI) and moving average alignments are highlighting strengthening bullish momentum. Bitcoin has maintained key support at the $100,000 and $103,600 levels, with resistance at $106,600 and $109,300, and a breakout above these points could signal renewed bullish sentiment for the summer. If these supports are breached, a deeper correction may follow. Ethereum demonstrates similar consolidation, trading between $2,500 and $2,750, and is approaching a potential ’golden cross’, with the 50-day EMA rising and the 200-day EMA offering support. Key resistance lies at $2,750, with increased volatility possible if ETH drops below $2,400. Traders should monitor both major coins’ interaction with critical moving averages and support/resistance zones, as the outcome could determine medium-term market direction. Overall, cautious optimism prevails amid elevated market volatility, with price resilience and technical signals suggesting the possibility of upward or corrective moves depending on market sentiment.

Ripple’s USD stablecoin, RLUSD, has suffered a significant drop in trading volume—down more than 57% to $44.63 million in 24 hours—amid over 41 days of halted token minting by Ripple Labs. This pause likely aims to control supply during market volatility, but it stirs concerns about liquidity for XRP Ledger-based dApps and decentralized exchanges. Despite RLUSD’s declining activity, Ripple’s native token XRP has remained stable, with its price near $2.18 and trading volume surging 75.12% to $3.51 billion. This divergence signals that XRP is increasingly decoupling from RLUSD’s performance, buoyed by its established role in cross-border payments and recent regulatory approval in Dubai. Industry analysts believe RLUSD’s slump may be temporary, expecting demand to revive as market conditions and regulations improve. Crypto traders should carefully watch Ripple’s ongoing strategic moves, as these developments could significantly impact both RLUSD’s and XRP’s market prospects.

A recent leak of an XRP price prediction has sparked renewed interest among crypto traders, with technical analysis pointing to a potential bullish trend for the altcoin. The optimistic outlook for XRP is bolstered by ongoing positive developments in Ripple’s legal case and the asset’s expanding real-world applications. The analysis notes XRP’s current sideways trading within a key range, with resistance at $0.65 and support at $0.50, as market sentiment remains cautious, awaiting a possible breakout. At the same time, the reporting highlights a surge in trader interest towards meme coins, driven by their swift gains and resilience amid heightened regulatory uncertainty facing mainstream cryptocurrencies. Experts suggest that market participants are diversifying portfolios by targeting both established tokens like XRP and high-risk, high-reward meme coins. This shift underscores the importance of market timing and sector rotation, as traders seek new opportunities amidst evolving crypto market dynamics and regulatory backdrops. Ongoing monitoring of XRP price levels and meme coin performance is advised for optimal risk management and portfolio growth.

US crypto regulation is undergoing significant changes, with lawmakers and regulators taking coordinated action for greater market clarity. The US House Financial Services Committee is advancing the Digital Asset Market Structure Clarity Act (CLARITY Act) aimed at exempting certain blockchain developers and service providers from money transmitter registration, promoting innovation. The Senate is also considering the GENIUS Act, focused on stablecoin regulation. Both bills enjoy bipartisan support but face opposition from some lawmakers over compliance and crime prevention concerns. Meanwhile, the Securities and Exchange Commission (SEC), under Chair Paul Atkins, is weighing a new ’innovation exemption’ to provide conditional, temporary regulatory relief for blockchain and crypto firms as rules are updated. The SEC is also reviewing broader amendments to better accommodate decentralized technologies, signaling a shift from the previous enforcement-driven approach. In the UK, regulators have appointed the first crypto intelligence officer and will require all crypto firms to report detailed client info starting January 2026, tightening rules to combat insolvency and crime. These sweeping moves in the US and UK are expected to bring regulatory clarity, boost market stability, and encourage compliant blockchain development—key signals for crypto traders navigating regulatory risk.

Industry analysts are increasingly spotlighting Ruvi AI (RUVI) as a potential outperformer over Avalanche (AVAX) for the anticipated 2025 cryptocurrency bull run. Avalanche continues to be recognized for its fast, scalable blockchain and support for DeFi and dApps, but recent trends suggest its growth is decelerating as the market shifts toward projects with new disruptive potential. Ruvi AI introduces an innovative AI-blockchain hybrid, enabling users to generate content powered by artificial intelligence—including text, audio, video, and images. The $RUVI token underpins this decentralized ecosystem, offering utility, staking rewards, and governance rights. The project’s presale has attracted notable investor attention: Phase 1 sold out quickly at $0.010 per token, while Phase 2—priced at $0.015—has raised more than $1.6 million with over 1,400 early backers. Investors have already seen a 50% price gain during presale phases. Strategic partnerships with major trading platforms and exchanges have improved liquidity and accessibility for RUVI, fueling significant hype. Early forecasts project substantial returns for presale participants if RUVI achieves its post-launch price targets. Analysts highlight Ruvi AI’s rapid community growth, transparent governance, and practical real-world use cases across healthcare, finance, and logistics as key reasons for its growing momentum. While Avalanche remains a reliable infrastructure player, Ruvi AI’s blend of blockchain and artificial intelligence, strong presale performance, and expanding ecosystem position it as a leading contender for crypto traders seeking high ROI in the next market cycle. As with all new projects, market participants are advised to conduct careful due diligence before investing.

XRP is gaining significant attention from analysts as it enters a pivotal technical phase. Earlier forecasts cited a potential surge to $20–$27 driven by an inverse head and shoulders breakout and expanding institutional adoption via Ripple’s partnerships. At the time, XRP was consolidating around $2.26 after a sharp rise, with the ’Guardian Arch’ zone flagged as a crucial level. Analysts advised staggered profit-taking due to XRP’s history of sharp corrections, while regulatory clarity and Ripple’s integration with financial institutions bolstered long-term prospects, projecting possible targets of $5–$15 by end-2025 and $26.50 by 2030. In the latest developments, analysts MilkyBull Crypto and BitcoinWallah have identified a multi-month symmetrical triangle or pennant pattern on XRP’s chart, signaling a further period of price compression and stored volatility. This setup suggests a decisive breakout may occur by June or July 2025. Breaking the $2.50 resistance could trigger a rally to $3.30–$3.33 (about 45% upside), while a drop below $2.20 would turn the outlook bearish with downside to $1.80 or lower. The relative strength index currently sits at neutral, indicating a high probability of imminent volatility. Crypto traders are advised to monitor XRP as it may present one of the most compelling opportunities in altcoin trading, especially as attention remains largely on Bitcoin and Ethereum. The market’s consolidation pattern and shifting focus add to the potential for a significant move if XRP overcomes key resistance levels.

Metaplanet has significantly raised its Bitcoin price target for 2026, reflecting a major shift in its corporate treasury management. Citing Bitcoin’s scarcity and independence from traditional finance, Metaplanet’s CEO Simon Gerovich announced plans to acquire 100,000 BTC by 2026, with an ultimate goal of holding 210,000 BTC—about 1% of total supply—by 2027. This ambitious acquisition will be financed by issuing 555 million new shares. Simultaneously, institutions linked to former US President Donald Trump are reported to be preparing to raise $3 billion to increase their own Bitcoin holdings. This wave of institutional investment coincides with Bitcoin’s recent surge to nearly $107,000, underscoring its appeal as an inflation and risk hedge amid ongoing geopolitical tensions, tariff threats, and speculation about US Federal Reserve rate cuts. Analysts suggest this large-scale accumulation may further restrict Bitcoin’s circulating supply and set new price floors, but could also lead to increased price volatility. Recent sector losses, such as a $25 million Bitcoin loss by James Wynn, highlight the necessity for robust risk management as corporate and institutional engagement deepens. Regulatory bodies continue to work on clearer guidelines for corporate crypto asset holdings. Crypto traders are advised to monitor evolving institutional strategies and global economic developments, as these factors are now central to Bitcoin price action and overall market stability.

Cetus has released a comprehensive report on its recent smart contract exploit, confirming a critical vulnerability in its CLMM contract caused by a left-shift function misinterpretation in a core math library. The attacker exploited this flaw to drain over $160 million worth of crypto assets. Cetus, in coordination with Sui validators, managed to freeze the majority of the stolen funds and initiated legal proceedings. The incident, which evaded multiple prior audits, highlights persistent DeFi security risks. In response, Cetus launched an expanded security initiative, including new auditor partnerships, additional security reviews, enhanced on-chain monitoring, and a white-hat bounty program. The report calls for collective security efforts across the DeFi ecosystem. Meanwhile, BNB Chain is experiencing a surge in highly liquid projects—such as BUILDon ($B), B² Network, KOGE, Allo ($RWA), Merlin Chain ($MERL), SKYAI, and BANK—spurring increases in user activity and liquidity due to ecosystem incentives and demand for meme tokens, tokenized real-world assets, and AI infrastructure. Venture capital sentiment has shifted, with top firms like ABCDE and Hash Global describing 2024 as one of the toughest years for primary crypto markets, citing extended token lock-ups, poor ROI, oversupply, and liquidity challenges. VCs are allocating more capital to real-world applications and infrastructure, away from speculative token launches. For crypto traders, this combination of timely hack responses, active BNB ecosystem, and evolving VC strategy reflects a maturing market—with enhanced ecosystem credibility, improved security, but also fragmentation and liquidity concerns.

Shiba Inu (SHIB) is experiencing a pivotal period in its market evolution. While recent data from Santiment highlights that SHIB whale holdings have fallen to their lowest level in five months—wallets holding 100M–1B SHIB have trimmed holdings by 2.6% since March—investor interest remains strong, as the number of SHIB wallets has surpassed 1.5 million for the first time. Project marketing lead Lucie attributes this growth to an expanding global community. Despite robust adoption and record network activity on Shibarium, SHIB’s price has continued to show weakness, currently trading below all major moving averages and forming a bearish descending triangle pattern. Technical analysis presents a mixed outlook: selling pressure persists from whales, but indicators like the Simple Moving Average (SMA) and a rising Relative Strength Index (RSI) near 42.17 suggest the potential for a short-term bullish reversal. Key price levels to watch are support at $0.00001065 to $0.00001150 and resistance at $0.00001260, $0.00001340, and $0.00001975, with a possible upside target near February’s high of $0.00002250 if bullish momentum returns. Crypto traders should closely monitor these technical signals and wallet growth, as a resilient and growing community could enhance SHIB’s liquidity, integration with DeFi, and long-term value, even as short-term risks from whale selling persist.

Bitcoin is approaching critical support and resistance levels on leading centralized exchanges, with mounting liquidation risks poised to impact market volatility. Data from Coinglass shows that a 10% price move, either up or down, could trigger significant liquidations—up to $359 million in shorts if BTC surpasses $108,000, and roughly $310 million in longs if it drops below $104,000. The presence of pronounced liquidation clusters highlights the concentration of risk at these thresholds, making the market highly sensitive to abrupt price changes in the Bitcoin price. These concentrated zones may result in rapid cascading liquidations, amplifying volatility and accelerating short-term price trends. Negative funding rates over the weekend, alongside increased short positioning, signal the potential for a short squeeze if bullish momentum persists. Key psychological and technical levels to watch remain at $100,000, $104,400, and $108,000–$110,000, where breakouts may drive further price movement. For crypto traders, closely monitoring these risk zones is crucial for effective risk management and position timing during this period of heightened volatility.

This week, the cryptocurrency market witnessed several major developments impacting both traders and institutional participants. BlackRock redirected its focus from Bitcoin to Ethereum, highlighting growing institutional interest in altcoins following regulatory updates and the potential for an Ethereum ETF approval. The move comes as BlackRock’s Bitcoin ETF experienced significant outflows, reflecting a shift in sentiment and escalating competition in the ETF space. At the same time, former President Donald Trump took a more pronounced pro-crypto position, fueling political debate in the U.S. over blockchain and central bank digital currencies. On the global front, both Pakistan and India unveiled new strategies to adopt or regulate crypto, marking a step forward in national crypto policies. Meanwhile, altcoins such as XRP and Rocket Pool’s RPL showed significant price action, with XRP rallying on ETF rumors and regulatory speculation. The market overall remains volatile, with Bitcoin’s volatility at a two-year low—a level often preceding sharp price moves. With increasing institutional participation, evolving regulatory frameworks, and heightened political attention, traders should prepare for potential market pivots and opportunities in both Bitcoin and altcoin sectors.

Ethereum (ETH) has reached a record $219 billion in onchain secured capital, solidifying its status as the largest blockchain by capital locked—much of it in stablecoins like USDT and USDC. In the past 60 days, ETH surged over 70%, hitting $2,523.94 by June 7, 2025. This bullish momentum is supported by the U.S. unemployment rate holding steady at 4.2%, reinforcing economic confidence and encouraging investors to diversify into digital assets. Analysts highlight that a resilient job market alleviates fears of downturns, prompting increased crypto exposure—particularly in Ethereum. Decentralized finance (DeFi) activity remains strong, with over $61 billion locked and ongoing growth in Web3 and dApp sectors. Exchange balances for ETH are at a seven-year low, reflecting rising long-term accumulation and institutional investments, as seen with BTCS and Sharplink Gaming. From a technical perspective, ETH/USD recently broke above resistance levels, suggesting continued buyer strength and further price targets if momentum persists. Looking ahead, planned upgrades are expected to bolster Ethereum’s scalability and investor appeal. Traders should monitor macroeconomic cues and institutional flows as these factors are likely to influence ETH’s price trajectory and sector growth.

The cryptocurrency market is experiencing heightened volatility following a public dispute between Elon Musk and Donald Trump, which has led to a decline in key altcoins such as Ethereum (ETH) and Solana (SOL). Ethereum recently rebounded by 45% but now faces strong resistance at $2,820, with several bearish signals including negative Awesome Oscillator readings, a bearish MACD crossover, and Supertrend resistance. Significant exchange inflows—over 93,000 ETH valued at approximately $230 million—suggest notable profit-taking or impending selloffs. If ETH breaks its $2,280 support, a drop below $2,000 is possible, increasing downside risk. Solana experienced an intraday flash crash of 8.1%, plummeting from $154.48 to $141.75 before bouncing back to about $147.40. This volatility was accompanied by high trading volume, with buyers supporting the $142 level, but resistance around $150–$152 remains strong. Additionally, the launch of the Solana-based Layer 2 project SOLX has attracted attention, raising over $44 million and offering high staking returns. Over 3.48 billion SOLX tokens have been locked, which may help stabilize its price. Overall, crypto sentiment remains negative in the short term due to increased uncertainty and social media tensions. Traders are advised to monitor critical support and resistance levels on ETH and SOL as market direction remains unclear, while specific projects like SOLX attract speculative interest despite broader market weakness.

Coinbase, a leading cryptocurrency exchange, suffered a significant data breach affecting around 70,000 users. The incident was traced to TaskUs, an India-based third-party customer support contractor. Two TaskUs employees allegedly accessed and photographed internal customer data, leaking sensitive information such as names, emails, partially masked Social Security numbers, government IDs, account details, and potentially transaction histories. Although no cryptocurrency funds or passwords were stolen, the stolen data poses risks for phishing and identity theft. The attackers reportedly attempted to extort $20 million in ransom, but Coinbase refused and notified law enforcement. Coinbase terminated implicated personnel, ended its relationship with TaskUs, and is moving support operations in-house, establishing a US-based support center to boost security. Estimated remediation and customer compensation could reach up to $400 million. The incident has intensified scrutiny from regulators and users regarding Coinbase’s data protection and outsourcing practices. The breach, alongside ongoing litigation over alleged unregistered securities, adds to operational and compliance risks. While no direct account losses were recorded, traders should remain vigilant as incidents like this could affect market sentiment and highlight persistent risks in the crypto sector.

Pump.fun, a leading meme coin issuance platform within the Solana ecosystem, has publicly engaged with Elon Musk via X, referencing the recent launch of a Trump token and openly inviting Musk to issue his own crypto token. The platform highlighted the unique player-versus-player (PVP) dynamic created by the involvement of high-profile figures, such as Donald Trump and Elon Musk, in the political token space. This is an unusual move for Pump.fun, which seldom encourages direct competition between such public personas. The incident underlines the increasing convergence between major political personalities and blockchain assets, as well as the growing popularity of celebrity-backed and politically themed meme coins. Crypto traders should anticipate heightened speculation, volatility, and liquidity surrounding meme coins and tokens associated with public figures. Such events not only intensify market sentiment and trading activity but also demonstrate the speed at which celebrity-linked crypto projects can reshape digital asset market dynamics and trading trends.

The US Securities and Exchange Commission (SEC) signals a major shift in its regulatory approach to decentralized finance (DeFi). SEC Chair Paul Atkins has advocated for a more favorable stance, highlighting the alignment of DeFi with American values such as economic liberty and innovation. Atkins criticized the prior enforcement-heavy approach and called for clear rules, including the SEC Division of Corporation Finance’s clarification that participation in proof-of-work (PoW) and proof-of-stake (PoS) networks is not automatically subject to federal securities law. Notably, Atkins has introduced plans for an ’Innovation Exemption’ to provide targeted regulatory relief for DeFi developers and operators, enabling faster blockchain product launches. The proposal, under the Trump administration’s Republican majority, aims to give blockchain issuers and intermediaries managing on-chain financial systems greater regulatory flexibility. Additional calls include defending the right to self-custody, opposing unnecessary intermediation, and developing new SEC guidance tailored to on-chain systems. If implemented, these measures could accelerate DeFi growth, attract more projects to the US, and potentially drive broader adoption and investment in the sector.

Bitcoin (BTC) surged past $110,000, hitting a new all-time high and signaling renewed bullish momentum across the cryptocurrency market. Increased institutional adoption, favorable macroeconomic trends, and improved investor sentiment have driven this rally, lifting not only Bitcoin but also major altcoins such as Ethereum (ETH) and Dogecoin (DOGE). Ethereum is now positioned to potentially outperform Bitcoin, with heightened investor interest due to anticipated network upgrades and robust growth in Ethereum-based projects. Analysts note that rising trading volumes and positive sentiment are fueling expectations for further gains. Historically, Ethereum has outpaced Bitcoin during strong market cycles, prompting traders to monitor ETH for short-term outperformance. The market’s current liquidity and optimism around regulatory progress are further reinforcing the positive outlook for digital asset prices.

Dubai is setting new standards in real estate and digital payments by advancing blockchain adoption. The Dubai Land Department (DLD) launched Prypco Mint, an on-chain investment platform that enables UAE nationals to invest in tokenized real estate starting from AED 2,000 (about $544). The initiative is backed by key regulators including the Virtual Assets Regulatory Authority (VARA), Dubai Future Foundation, Central Bank of the UAE, and Zand Digital Bank. Fractional ownership via blockchain lowers the barrier to property investment, with future plans to introduce secondary market trading, increasing liquidity for real estate tokens. VARA has updated its regulations to support secondary market trading of real-world asset (RWA) tokens. DLD projects tokenized real estate could constitute 7% of Dubai’s market by 2033, worth AED 60 billion ($16 billion), while Deloitte forecasts the global market could reach $4 trillion by 2035. Separately, Air Arabia has adopted the dirham-backed stablecoin AE Coin for flight bookings, in partnership with Al Maryah Community Bank. AE Coin is officially regulated and pegged 1:1 to the UAE dirham, offering reduced transaction fees and price stability. This makes Air Arabia the first airline in the region to accept stablecoin payments. The move reflects the UAE’s supportive stance towards both dirham- and USD-pegged stablecoins, alongside its ongoing exploration of a central bank digital currency (CBDC). These innovations signal Dubai’s serious commitment to integrating tokenization and stablecoins into its financial and real estate sectors, potentially increasing crypto trading activity linked to real-world assets and stablecoins, and enhancing market liquidity and transparency.

Solana (SOL) is drawing significant attention from crypto traders as it aims for the $230 resistance mark, supported by robust market momentum and increasing investor interest. Analysts highlight Solana’s ongoing strength among established blockchain projects but note growing competition from emerging players. Ruvi AI (RUVI), an AI-driven cryptocurrency token, has quickly captured investors’ focus, with Phase 1 backers seeing 50% returns within weeks. This surge underlines the crypto market’s rising enthusiasm for AI-related projects. Market analysts forecast strong upside potential for RUVI thanks to its innovative technology and expanding community, with some believing a $1 target is reachable by 2025. The competition between Solana and Ruvi AI underscores the dynamic shifts within the digital asset sector, emphasizing the need for traders to monitor both established and fast-growing AI tokens for new opportunities.

U.S. authorities have exposed a major North Korean cryptocurrency laundering scheme, seizing $7.7 million in digital assets. The Department of Justice revealed that North Korean IT operatives secured remote blockchain-related jobs at international companies using stolen or fabricated U.S. identities, bypassing KYC protocols at crypto exchanges. Wages were paid in stablecoins such as USDC and USDT, then laundered through self-hosted wallets, chain-hopping, cryptocurrency swaps, NFTs, and Ethereum Name Service domains. Over 84 exchange accounts, created with fake documents and recycled devices, helped obscure money trails. Laundered funds were routed globally through countries including Russia, Malaysia, and the UAE, eventually ending up in wallets controlled by sanctioned North Korean entities. Key figures included Sim Hyon Sop from North Korea’s Foreign Trade Bank and Kim Sang Man, CEO of Chinyong IT Cooperation Company. U.S. authorities warn that North Korea continues to exploit weaknesses in KYC and transaction monitoring, posing persistent risks to crypto exchanges and traders. The operation demonstrates advances in blockchain forensics but highlights the need for real-time analytics and tighter compliance oversight. The U.S. plans expanded sanctions targeting exchanges unintentionally facilitating these flows. For crypto traders, this underscores increased regulatory focus on stablecoins, NFTs, and anti-money laundering protocols, signaling greater enforcement risks for lax platforms.

JPMorgan Chase, the largest U.S. bank, will now accept bitcoin ETF shares—starting with BlackRock’s iShares Bitcoin Trust (IBIT)—as collateral for loans for its wealth management and trading clients. This policy update expands from allowing such collateral only on a case-by-case basis to granting it more broadly, enabling clients to leverage bitcoin ETFs similarly to stocks or real estate. The move reflects a significant shift in institutional adoption of cryptocurrencies within traditional banking, aligning JPMorgan with a growing trend among Wall Street firms to integrate digital assets. This decision comes after the U.S. SEC’s approval of spot bitcoin ETFs and supportive crypto regulations in 2025, and signals a change in the stance of JPMorgan CEO Jamie Dimon, previously a bitcoin skeptic, who now recognizes client demand for crypto exposure. By facilitating borrowing against bitcoin ETF shares, JPMorgan increases market liquidity and legitimizes digital assets in mainstream finance. This development is expected to drive higher demand and trading activity in bitcoin and related ETF products, further strengthening the bridge between crypto assets and traditional finance.

The Russian Central Bank has released a draft proposal to allow domestic companies to purchase select foreign-issued stablecoins, with a primary aim to facilitate cross-border payments and address challenges from international sanctions. The plan marks a major regulatory shift, potentially boosting demand for fiat-backed stablecoins and increasing corporate access to digital assets, especially as access to SWIFT is limited. Notably, major USD-pegged stablecoins like Tether (USDT) and USD Coin (USDC) will remain restricted except for certain trade-related scenarios, due to Russia’s classification of these as ’unfriendly issuer’ assets. The central bank also proposes raising annual digital asset purchase limits for individuals from 600,000 rubles to 1 million rubles and removing limits for legal entities. This new approach may promote de-dollarization, expand BRICS partnership opportunities, and increase crypto trading volumes and liquidity within Russia. The public consultation is open until June 15, and final implementation could arrive by the end of the month—potentially accelerating the adoption and integration of stablecoins in Russia’s financial system.

The U.S. Securities and Exchange Commission (SEC) is under bipartisan criticism for allegedly withholding key data and technical analysis related to a major cryptocurrency regulation bill, the CLARITY Act, from Congress. Initially, the SEC shared its analysis only with certain Republican lawmakers, prompting Democrats to accuse the agency of lacking transparency. The controversy highlights growing tensions over the oversight and development of cryptocurrency regulation in the United States. The CLARITY Act aims to delineate regulatory responsibilities between the SEC and the Commodity Futures Trading Commission (CFTC), proposing that the CFTC oversee digital commodity spot markets such as Bitcoin and Ethereum while the SEC continues to regulate digital asset securities. Provisions include clearer platform registration, Bank Secrecy Act compliance, custody standards, and specific exemptions for DeFi protocols and non-custodial wallets. As the crypto industry faces increased scrutiny and calls for clearer regulations, this dispute could delay much-needed regulatory clarity, impacting investor confidence, market stability, and the future landscape of digital asset trading in the U.S.

XRP derivatives open interest has surged close to $4.09 billion, signaling heightened speculative activity and robust engagement from traders. Binance leads the market with nearly 19% of the total, closely followed by Bybit. This open interest saw a 5.21% daily rise, reflecting increased investor confidence and strong derivatives trading volumes. Historically, similar spikes in open interest have preceded major price rallies, suggesting XRP could be on the verge of a significant breakout, especially as the broader crypto market also trends upward. Recent price movement supports this outlook, with XRP climbing more than 3.6% over 24 hours to $2.25, rebounding from a local low of $2.09. Although XRP remains 41% below its all-time high of $3.84, strong trading volumes, resilient price action, and improving sentiment point to renewed bullish momentum. Analysts warn of a potential short squeeze scenario, where rising prices could force liquidations of short positions, triggering even sharper upward moves. Trader optimism is further buoyed by Ripple Labs’ ongoing global expansion, regulatory progress, and new strategic partnerships. For crypto traders, this combination of escalating open interest, bullish price action, and active exchange participation suggests growing bullish momentum for XRP. However, traders should remain alert for heightened volatility and the influence of broader macroeconomic factors. Closely watching XRP’s open interest and price trends can help inform both short- and long-term trading strategies in this evolving landscape.

Personal items belonging to Ross Ulbricht, founder of the Silk Road darknet marketplace, were auctioned on the Scarce City platform, generating over $1.8 million exclusively in Bitcoin (BTC). High-profile lots included Ulbricht’s last prison ID, which sold for 11 BTC (over $1.1 million), and several pieces of prison-created artwork. The auction required Bitcoin payments for larger transactions, reflecting ongoing adoption of BTC within the crypto community. The event reignited market interest in more than 430 dormant bitcoins (worth approximately $47 million) still associated with Ulbricht, which remain unseized and unmoved on-chain. These developments highlight the persistent fascination with Silk Road’s legacy, the market value of crypto-related collectibles, and the significance of inactive, historical on-chain Bitcoin holdings in shaping sentiment and trading strategies among cryptocurrency traders.

US Vice President J.D. Vance delivered a keynote at the Bitcoin 2025 conference, declaring an end to harsh regulatory crackdowns on cryptocurrencies and outlining a new, aggressive pro-crypto policy under the Trump administration. Vance detailed plans to fire government officials who oppose digital assets and to pass legislation such as the GENIUS Act for robust stablecoin oversight. He emphasized the importance of clear cryptocurrency regulation to prevent up to $3 trillion in market value from moving overseas. The administration has already appointed crypto supporter Paul Atkins to replace former SEC head Gary Gensler and tasked Hester Peirce to lead a new crypto regulatory task force, with immediate priorities including asset classification and tokenization. The SEC will also host a roundtable on decentralized finance on June 6. These policy changes suggest the US is positioning itself to become the global leader in digital assets, potentially boosting market confidence, fostering sector growth, and attracting greater investment in the cryptocurrency industry.