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Cryptography News
Coindoo
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New Bitcoin Whale Cohort Accumulates $63B in BTC
- A group of new Bitcoin whales have accumulated $63 billion worth of BTC, doubling their holdings from 500,000 BTC to 1.1 million BTC between March 1 and June 4, 2025.
- These wallet clusters consist of at least 1,000 BTC each, with coin ages under six months, indicating recent accumulation rather than legacy holdings.
- Data from CryptoQuant's 'Supply Held by New Whales' indicator shows that the supply held by this cohort rose from 2.5% to 5.6% of total BTC supply, equivalent to absorbing nearly 10 months of mining output.
- Market implications include potential supply squeeze, increased price volatility, and upward movement as a result of the rapid absorption of newly mined BTC by these new whale wallets.
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Zycrypto
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Ripple Boss Brad Garlinghouse Denies Pursuing Deal To Acquire Stablecoin Giant Circle
- Ripple CEO Brad Garlinghouse clarified that Ripple never pursued the acquisition of stablecoin issuer Circle, despite reports claiming otherwise.
- Garlinghouse made this statement during a Las Vegas event, squashing rumors that Ripple offered between $4 billion and $5 billion to acquire Circle.
- Circle, known for USDC, the second-largest stablecoin after USDT, reportedly rejected Ripple's bid as too low, with Coinbase said to have made a counteroffer.
- In its upcoming IPO, Circle is seeking a fully diluted valuation of up to $7.2 billion, with significant interest from investors like BlackRock looking to purchase around 10% of the offering.
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Coindoo
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Smart Invertors Rush to Unstaked for 2700% Gains, While Litecoin Targets $153 & HYPE Recovers
- Traders are closely monitoring the movements of Hyperliquid (HYPE) and Litecoin (LTC), with HYPE having experienced an 18% drop from its peak and signs of potential rebound emerging.
- Litecoin's breakout has drawn attention, with price projections reaching up to $153 if key resistance levels are surpassed, indicating a potential 94% move from the recent breakout.
- Unstaked, on the other hand, is gaining traction for offering real utility powered by AI that will be implemented post-launch, with each $UNSD coin having a purpose related to digital platform management and automation.
- Unstaked's presale is currently in stage 18, offering $UNSD coins at $0.010743, with a projected launch price of $0.1819, potentially yielding a 27x return. Additionally, Unstaked features real-world applications and a $1M giveaway, distinguishing it from hype-driven assets.
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Cryptopotato
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Huma Joins the Global Dollar Network to Advance Stablecoin Adoption on Solana
- Huma has officially joined the Global Dollar Network (GDN), a coalition focused on advancing stablecoin adoption through aligned incentives, regulatory clarity, and global utility.
- The Global Dollar Network, powered by Global Dollar (USDG) and supported by leading enterprises like Robinhood and Kraken, promotes the use of stablecoins for fast, low-cost, and secure global money movement.
- USDG is a US dollar-backed stablecoin compliant with the Monetary Authority of Singapore's upcoming stablecoin regulatory framework, with a preferred blockchain of Solana known for its speed and scalability.
- Huma's PayFi network, facilitating over $4.5 billion in transactions, joins GDN to strengthen the PayFi ecosystem and advance real-world stablecoin use cases across finance and commerce.
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Zycrypto
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South Korea Elects Pro-Crypto President Lee Jae-Myung with a Wide Margin
- South Korean candidate Lee Jae-myung from the Democratic Party won the presidency with 48% of the vote, focusing on pro-crypto policies like lifting the ban on Bitcoin ETFs and enabling crypto purchases for pension funds.
- Lee's victory is significant for the local crypto community, indicating growing support for digital assets in the country.
- The election had a high turnout with 80% of eligible voters participating. Lee's party has 49.3% of the vote compared to the People Power Party's 41.3%.
- Lee pledges to modernize the financial system, introduce a won-backed stablecoin, and invest in AI and national defense technology to boost the economy. His win signals potential advancements in crypto regulations and economic recovery.
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Coindoo
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MoonPay Secures BitLicense, Grants MoonPay Full Access to Offer in All 50 U.S. States
- MoonPay secures BitLicense, granting full access to operate in all 50 U.S. states, completing their 'golden stack' of U.S. crypto licenses.
- BitLicense, known as the gold standard for the crypto industry, is considered a demanding regulatory framework for virtual currency companies.
- MoonPay now joins an elite group of crypto firms allowed to conduct virtual currency business in New York with the approval of the BitLicense.
- With this regulatory clearance, New Yorkers can utilize MoonPay's fiat-to-crypto platform for buying, selling, and storing crypto, using various payment methods.
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Zycrypto
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Bitcoin Could Replace Dollar As World’s Reserve Currency Amid Ballooning US Debt Crisis, Coinbase CEO Posits
- Coinbase CEO Brian Armstrong believes Bitcoin could potentially replace the dollar as the world's reserve currency if the US doesn't address its increasing national debt.
- With the US national debt at approximately $37 trillion, Armstrong warns that this financial burden could lead to Bitcoin overtaking the dollar as the global reserve currency.
- Concerns over the debt crisis arose after House Republicans passed a bill extending tax cuts and increasing military spending, which could potentially add over $3 trillion to the US debt.
- In light of these developments, there is growing interest in Bitcoin as an anti-inflationary asset, with investors viewing it as a safer bet than the dollar amid fears of fiscal strain and inflation.
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Cryptoticker
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Crypto News Today: ETF Shocks, Trump’s Bold Bitcoin Play, and Altcoin Momentum Surging
- Pakistan unveils national Bitcoin reserve plan, integrating BTC into economic model and allocating surplus electricity for mining and AI data centers.
- India is set to launch a regulatory framework for cryptocurrencies, expected to establish compliance rules for exchanges, traders, and DeFi platforms.
- Trump-backed Truth Social files for a Bitcoin ETF, while BlackRock's Bitcoin ETF experiences a $1 billion outflow.
- Bitcoin's volatility hits multi-year low, XRP climbs to $2.25 with bullish backing, altcoin Rocket Pool rallies 30%, and Virtune debuts Coinbase 50 Index ETP in Europe.
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Cryptopotato
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Bitcoin Price Analysis: Is BTC Poised to Retest the $100K Support?
- Bitcoin is undergoing a retracement towards a key support zone around the $100K level after reaching above $111K.
- Technical analysis indicates that if the $100K support holds, there's a potential for a recovery towards the $111K all-time high.
- On the 4-hour chart, Bitcoin has broken down from an ascending channel and is consolidating within a bearish flag pattern.
- On-chain analysis shows a significant withdrawal of nearly 20,000 BTC from Bitfinex, indicating strategic accumulation by large investors and signaling a potential bullish phase.
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Coindoo
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Bitcoin Rally in Trouble? Analyst Warns of Trapped Longs at $110,000
- Market analyst Daan Crypto Trades highlighted caution signals in Bitcoin's recent price action.
- BTC's green zone showed a healthy price increase of +42% with balanced participation from market participants.
- In contrast, the red zone experienced weaker price follow-through despite a larger open interest build-up, indicating trapped long positions at $108,000–$110,000.
- Daan warned of excessive leverage in the market and suggested a potential 'quick flush' of open interest for a healthy reset before a sustainable uptrend.
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Coindoo
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Binance Launches Spot Altcoin LiquidityBoost Program to Improve Trading Efficiency
- Binance is launching the Spot Altcoin LiquidityBoost Program on June 9, 2025, offering tiered maker fee rebates to liquidity providers who meet specific volume thresholds.
- Eligible users must achieve specific weekly maker volume percentages relative to Binance's total maker volume across selected altcoin pairs to receive rebates.
- The program includes two tiers: 0.5% maker volume share for a -0.005% maker fee rebate and 1.0% maker volume share for a -0.010% maker fee rebate.
- Performance will be reviewed weekly, rebates start updating on June 17, 2025, and the more favorable fee rate applies to users in both programs.
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Coindoo
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California Assembly Approves Bill to Allow Bitcoin for State Payments
- The California Assembly approved a bill, introduced by Assemblymember Avelino Valencia, allowing Bitcoin for state payments.
- The bill, AB 1180, will establish a pilot program from July 1, 2026, to January 1, 2031, enabling the Department of Financial Protection and Innovation to accept crypto payments for licensing fees.
- Assemblymember Valencia sees the bill as a way to lead digital asset innovation in California, positioning the state as a pioneer in integrating digital assets into financial operations.
- The bill now moves to the Senate Rules Committee for further review before potentially becoming law, making California one of the first U.S. states to incorporate digital assets into state payments.
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Cryptopotato
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Bitcoin Sees Intense Surge in Realized Profits Following Ascent to $111K: Glassnode
- Bitcoin investors are aggressively taking profits since reaching an all-time high above $111,000.
- Glassnode's data shows high profitability levels recorded on less than 8% of trading days.
- There has been an intense surge in realized profits, with investors capturing at least 16% profit during sales.
- Long-term BTC holders have also been taking profits, with a substantial amount of volume being realized, particularly by those holding for three to five years.
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Coindoo
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Webus International to Launch $300M XRP Treasury, Taps Ripple for Payments
- Webus International plans to launch a $300M XRP treasury through non-equity financing or credit facilities.
- The company partners with Samara Alpha and integrates Ripple's technology for cross-border transactions in its global operations.
- Webus aims to leverage Ripple's network to improve settlement speeds, reduce costs, and enhance transparency in its hospitality and travel divisions.
- This strategic move by Webus reflects a growing trend of companies using blockchain-native assets like XRP for treasury purposes, signaling a bet on XRP's utility as both a reserve asset and a payment solution.
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Financemagnates
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Equiti Group Joins UAE’s Blockchain Body to Influence Regional Crypto Policy
- Equiti Group partners with the Dubai Digital Asset Association (D2A2) to enhance the digital asset sector in the UAE and Middle East.
- The collaboration focuses on areas such as industry-regulator dialogue, policy clarity, financial literacy, and bridging traditional finance with decentralized finance.
- Equiti aims to engage in meaningful discussions with industry leaders through this partnership to shape a more inclusive financial future.
- D2A2, established in August 2022, works towards improving digital business infrastructure in Dubai and the surrounding regions, with Equiti bringing its expertise in regulated finance and fintech solutions to the partnership.
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