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Coindoo
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SEC’s Hester Peirce Criticizes SAB 121, Supports Broader Crypto Custody Access
- SEC Commissioner Hester Peirce criticized SAB 121, labeling it as a pronouncement rather than a properly passed policy.
- Peirce argued that SAB 121 restricted traditional financial institutions from offering crypto custody services, limiting competition and innovation in the space.
- Peirce supports the repeal of SAB 121 to allow a wider range of custodians, including traditional and crypto-native institutions, for better asset safety and investor protection.
- The debate around regulating crypto custody, especially concerning banking access and capital requirements, continues in Washington amid the push to overturn SAB 121.
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Coinjournal
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Pi Coin dips as new Pi Network migration triggers investor unease
- Pi Network users are experiencing frustration due to new migration prompts and unresolved KYC verification issues.
- The project faces tension ahead of a significant PI token unlock in June, leading to concerns of a potential sell-off.
- Pi Coin is currently trading below $0.66 with negative technical indicators, reflecting declining market confidence.
- Users have reported unexpected second migration prompts, causing confusion and criticism towards the Pi Core Team.
- Unresolved KYC verification states have left some users stuck and asked to migrate balances again without completing the initial migration.
- 276 million PI tokens are set to unlock in June, valued at around $176 million, potentially flooding the market and impacting Pi Coin price.
- Pi Coin is in a bearish trend, trading around $0.6481, displaying an inverse cup and handle pattern with weak technical outlook.
- Analysts warn that the scheduled token unlock and the lack of bullish developments may lead to a significant downward pressure on Pi Coin.
- Pi Network's fundamentals remain weak, with concerns about lack of exchange listings, centralization issues, and persistent migration confusion.
- Short-term outlook for Pi Coin remains bleak, struggling to break past resistance levels with a possible drop towards $0.40 range.
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Coinjournal
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Bitcoin, Ethereum, XRP and Dogecoin soar in June rally—here’s why
- XRP open interest hits $5 billion, signaling possible breakout.
- Dogecoin rises above $0.20 as traders shift to meme tokens.
- Analysts project potential highs of $137K for BTC and $12K for ETH by 2025.
- Bitcoin, Ethereum, XRP, and Dogecoin are experiencing a significant rally in early June 2025.
- Bitcoin is trading at approximately $105,000, Ethereum over $2,600, XRP near $2.20, and Dogecoin close to $0.20.
- Market recovery follows liquidations, showing increased interest from both retail and institutional traders.
- Factors such as short squeezes, technical momentum, and macroeconomic conditions are contributing to the market surge.
- Bitcoin rebounds above $105,000 with the help of whale accumulation and geopolitical uncertainties favoring its status as a hedge asset.
- Ethereum's rise near $2,615 is boosted by speculation of a potential spot ETF approval and organizational changes within the Ethereum Foundation.
- XRP's price nearing $2.20 is backed by increasing open interest, hinting at a possible breakout.
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Coindoo
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The Blockchain Group Acquires 624 BTC for €60.2M, Reports Over 1,000% YTD Bitcoin Yield
- The Blockchain Group reported an exceptional Bitcoin yield of 1,097.6% year-to-date, showcasing the success of its accumulation plan.
- Recent acquisitions totalling €60.2M for 624 BTC were made through private placement and a convertible bond issuance funded by Fulgur Ventures.
- The company now holds 1,471 BTC valued at €131.9M, with an average acquisition cost of €89,687 per BTC.
- The Blockchain Group's Bitcoin capital gain for the year stands at nearly €42.3M, with plans to increase Bitcoin holdings in alignment with its digital asset strategy.
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Coindoo
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Solana Foundation Signs Strategic MOU With Dubai’s VARA to Boost Web3 Ecosystem
- Solana Foundation signs a strategic MOU with Dubai's VARA to boost the Web3 ecosystem.
- Partnership focuses on talent development programs, workshops for crypto founders, data sharing for regulation support, and the creation of a Solana Economic Zone within Dubai.
- The agreement strengthens Dubai's position as a global crypto powerhouse and offers a supportive environment for blockchain ventures.
- The MOU signifies the growing collaboration between regulators and builders in Dubai, aiming to provide regulatory support and economic incentives for blockchain projects.
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Coindoo
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Dubai Regulator Approves Ripple’s RLUSD Stablecoin for Use in DIFC
- Dubai's regulator, DFSA, has approved Ripple's RLUSD stablecoin for use in the Dubai International Financial Centre (DIFC), allowing DIFC-registered firms to utilize RLUSD for various virtual asset services.
- The approval grants RLUSD access to the DIFC's regulated crypto ecosystem, enabling its use in payments, treasury operations, and other virtual asset services, solidifying Dubai's position as a leading jurisdiction for crypto innovation.
- The DIFC, a prominent financial free zone in the Middle East with nearly 7,000 registered companies, acts as a vital financial bridge across the Middle East, Africa, and South Asia (MEASA) region.
- The DFSA's strict token framework allows only recognized tokens to operate in the DIFC, ensuring compliance and oversight for all virtual asset activity. RLUSD now joins the list of approved digital assets, expanding Ripple's presence in the region.
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Coindoo
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Pakistan Moves Toward Crypto Regulation Despite Ongoing Ban
- Pakistan Crypto Council (PCC) held a meeting in Islamabad to outline regulatory approach for digital assets.
- The move signifies a shift towards engaging with digital assets in a formal capacity despite the ongoing ban on crypto in Pakistan.
- The framework aims to create a secure, transparent, and innovation-friendly crypto ecosystem while addressing investor protection and financial inclusion.
- Drafting process underway with potential for legalized digital asset trading and licensed crypto platforms in Pakistan in the future, pending regulatory approvals.
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Cryptoticker
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With Ethereum News Today, Why Might ETH Price Hit $3K This Week?
- Ethereum is showing strength with the potential to surpass $3,000 this week driven by recent updates and bullish sentiment.
- Vitalik Buterin hinted at a possible 10x scaling improvement on Ethereum's Layer 1 within the next year, leading to faster and cheaper on-chain transactions.
- The Ethereum Foundation has restructured to focus more on user experience and scalability, aiming to address Ethereum's key challenges and enhance its competitiveness.
- ETH is currently trading around $2,890, with strong support near $2,800 and potential resistance at $2,950 before aiming to break the $3,000 barrier due to increasing confidence among bulls.
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Cryptopotato
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Peiro Community Relaunches $PEIRO with Tiered Airdrop and $1M Charity Mission
- Peiro Coin ($PEIRO) has been relaunched with a $1 million charity mission, combining meme culture with purpose-driven blockchain utility.
- The token's smart contract includes a charity utility that collects a fee on each transaction to fund global charitable donations selected through on-chain DAO voting.
- Peiro ensures full decentralization with a renounced contract and burned liquidity, emphasizing real-world impact and trust in decentralized finance.
- The relaunch includes a multi-phased airdrop campaign and aims to reward early community members while driving new wallet growth in the Ethereum and memecoin market.
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Bitcoinmagazine
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The Blockchain Group Buys $69 Million Worth of Bitcoin
- The Blockchain Group, Europe’s first Bitcoin Treasury Company, has acquired 624 Bitcoin for approximately €60.2 million ($69 million) through equity sales and convertible bonds.
- The acquisitions raised the company's total Bitcoin holdings to 1,471 BTC, with an average purchase price of €89,687 ($103,000) per coin.
- The company reported a 'BTC Yield' of 1,097.6% year-to-date, reflecting the change in Bitcoin holdings relative to fully diluted shares.
- The purchase was facilitated through Banque Delubac & Cie and Swissquote Bank Europe SA, with custody provided by Taurus, as part of the growing trend of European corporations diversifying treasury assets with Bitcoin.
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Cryptoticker
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Cardano Price Prediction: Will ADA Crash to $0.35?
- Cardano (ADA) price is showing signs of weakness, entering a vulnerable zone after failing to break above key resistance levels.
- On the daily chart, ADA price is struggling to surpass the 50-day and 200-day SMA, indicating a bearish structure with low momentum in the bounce.
- The hourly chart displays consolidation beneath resistance levels, with ADA price hovering around $0.693 and struggling to climb higher.
- Potential support zones for Cardano price include $0.65, $0.60, $0.50, with $0.35 being the worst-case scenario for a nearly 50% drop from the current level.
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Coinjournal
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Best crypto presales to buy as meme coins lead crypto gainers
- Bitcoin Pepe (BPEP) emerges as one of 2025's most-watched presales, raising over $13.6 million with strong retail interest.
- Bitcoin's rebound above $105,000 boosts meme tokens like Dogwifhat (WIF), SPX6900 (SPX), and Pepe (PEPE).
- Solana-based meme coins, including Dogwifhat (WIF) and SPX6900 (SPX), lead gains in the crypto market.
- Bitcoin Pepe aims to combine meme culture with blockchain infrastructure, raising significant capital ahead of expected listing on June 17.
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Coindoo
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Binance Leads Crypto Exchange Landscape in Stablecoin Reserves and Inflows
- Binance controls 59% of total stablecoin reserves across all centralized exchanges, with $31 billion in USDT and USDC reserves.
- While Coinbase leads in overall reserves with $129 billion, Binance closely follows with $110 billion, comprising Bitcoin, Ethereum, USDT, and USDC.
- Binance sets itself apart with greater transparency through Proof-of-Reserves, enhancing trust among crypto-native users.
- Binance leads in stablecoin inflows, receiving $31 billion in May alone and accumulating $180 billion since the start of 2025.
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Coinjournal
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Crypto ATM scams in Australia cause over AUD 3.1 million in losses
- Crypto ATM scams in Australia have led to over AUD 3.1 million in losses, with an average victim losing more than AUD 20,000.
- Reports filed with ReportCyber show a surge in scams related to the rise of crypto ATMs in Australia, from 40 machines in 2022 to over 1,800 by 2025.
- Authorities warn of increased exploitation risks as the number of crypto ATMs grows, with over 150 scam reports filed and an average loss of AUD 20,000 per incident.
- Scammers exploit vulnerabilities of older demographics, urging for greater public awareness and regulatory interventions to curb fraudulent activities linked to cryptocurrency ATMs.
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Coindoo
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Ethereum Foundation Launches ‘Protocol’ Unit to Streamline Scaling and UX
- Ethereum Foundation has launched the 'Protocol' initiative on June 2 with a focus on scaling the base layer, increasing layer-2 rollup capacity, and improving user experience.
- Leadership roles for the initiative include Tim Beiko, Ansgar Dietrichs for base layer scaling, Alex Stokes, Francesco D’Amato for layer-2 throughput, and user experience improvements overseen by Barnabé Monnot, Josh Rudolf, with advisor Dankrad Feist across all tracks.
- The reorganization reflects Ethereum's role as a settlement engine in a maturing ecosystem, emphasizing integration between research, engineering, and client development.
- The Protocol initiative aims to expedite the transition from research to production-grade code and meet scalability and usability demands in the evolving Ethereum ecosystem.
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