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Financemagnates
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After XRP, Ripple’s RLUSD Joins Dubai’s Approved Crypto Tokens Under DFSA
- Ripple's US dollar stablecoin RLUSD is now officially recognized by Dubai Financial Services Authority (DFSA) under the crypto token regime.
- RLUSD is compliant, designed for enterprise use, and adds to Ripple's presence in Dubai International Financial Centre (DIFC) and wider UAE market.
- XRP was the first virtual asset accepted under DFSA's virtual assets regime, allowing licensed firms in DIFC to integrate XRP into their products and services.
- Ripple has been in the spotlight with expanding partnerships, regulatory discussions, and initiatives like using Ripple Custody in South Korea and offering instant payments in Portugal.
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Cryptoticker
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Solana Price Prediction: Technical Breakout Signals Ahead?
- Solana (SOL) price is showing signs of life with a potential breakout after weeks of sideways movement.
- On the hourly chart, SOL price broke above multiple moving averages and cleared resistance levels around $160.50-$161.20, indicating bullish momentum.
- The daily chart shows SOL price bouncing higher from the 50-day SMA support, with a short-term target projection towards $166.61 and resistance at $168 and $179.
- The current breakout attempt is supported by technical factors, with potential targets at $170 and $180 if price sustains above key levels in the next 48 hours.
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Coindoo
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VanEck’s Matt Sigel Warns Quantum Threat Poses Unique Risk to Bitcoin
- Matt Sigel from VanEck warns about the unique risk quantum computers pose to Bitcoin's cryptographic systems.
- Bitcoin's decentralized nature makes it challenging to quickly adapt to quantum threats compared to centralized institutions.
- The lack of a central authority in Bitcoin means upgrades require coordination across miners, wallet providers, and node operators.
- Sigel acknowledges the slow and complex process ahead for Bitcoin to address quantum threats while remaining confident in its ability to adapt.
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Coindoo
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Tether Launches Gold-Backed Stablecoin XAUt0 on TON for Over 1 Billion Telegram Users
- Tether has launched a gold-backed stablecoin XAUt0 on TON for over 1 billion Telegram users.
- XAUt0 is a derivative of Tether Gold (XAUt) aiming to bring the benefits of gold ownership to the decentralized finance ecosystem accessible through Telegram’s native wallet.
- The token combines the inflation-resistant qualities of physical gold with the efficiency of blockchain technology, enabling fast, secure, and transparent transactions.
- The integration allows Telegram users to easily buy, hold, and use the XAUt0 token through the @wallet_tg bot on the TON blockchain, showcasing TON's strategic expansion into decentralized assets.
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Financemagnates
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Coinbase Knew About the Recently Disclosed Data Leak Since January: Report
- Coinbase was aware of the data leak as early as January, which could cost up to US$400 million.
- An India-based employee of TaskUs, a US outsourcing firm, was involved in the breach by leaking customer information.
- The stolen data included names, addresses, emails, account balances, but private keys and passwords were not accessed.
- Coinbase confirmed cutting ties with TaskUs personnel involved, and the US Department of Justice has launched an investigation into the breach.
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Coinjournal
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Best crypto to buy as altcoin rotation favors low-caps BPEP new listing date June 17
- Cryptocurrency market experiences a shift towards mid- and low-tier assets as Bitcoin stabilizes around $105K.
- BRETT, Bitcoin Pepe (BPEP), and Tron (TRX) emerge as attractive options during altcoin rotation.
- BRETT shows signs of recovery after testing a key demand region, with potential target price of $0.09.
- Bitcoin Pepe's upcoming CEX listing on June 17 attracts attention with a 30% bonus, having raised over $13.6M in presale.
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Coinjournal
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Best crypto to buy as altcoin rotation favors low-caps BPEP, Bitcoin Pepe sets June 17 for listing announcement
- Cryptocurrency market signals notable shifts as Bitcoin hovers around $105K, with investors turning attention to mid- and low-tier assets.
- BRETT eyes significant recoveries from a key demand region as it rebounds from crucial support levels.
- Bitcoin Pepe (BPEP) confirms listing on June 17 after presale surpasses $13.6M, offering 30% bonus for early supporters.
- Tron (TRX) shows bullish on-chain indicators, potentially breaking out for significant rallies with price targets forecasted at $0.40 by altcoin enthusiast TANG.
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Coindoo
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Altcoin Season Ahead? Key Dominance Metrics Hit Historic Support Zones
- Altcoin dominance metrics, excluding Ethereum and stablecoins, have reached historic support zones which have historically marked the beginning of major altcoin rallies in past cycles.
- Altcoin dominance, excluding stablecoins, has dropped to 28.4%, just above its support zone between 24% and 25.3%, which acted as a launchpad for strong altcoin rallies in previous cycles.
- The dominance of altcoins excluding Ethereum is at 18.92%, slightly above the critical threshold of 18%, which historically precedes periods where Bitcoin loses market share to altcoins.
- While these support levels do not guarantee a breakout, they signal that altcoins could be approaching a turning point, potentially offering investment opportunities for traders looking to explore undervalued altcoins.
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Cryptopotato
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Older Bitcoin Holders Show Signs of Selling Exhaustion – What Does This Mean?
- Older Bitcoin holders are showing signs of selling exhaustion after leading the recent sell-off that caused BTC's correction.
- The three-to-five-year Bitcoin holder cohort is slowing down their BTC sales, which is considered a positive indicator for bitcoin's price trajectory in the near future.
- These older investors had a notable spike in spending, with their aggregate volume reaching $4.02 billion, led by the three-year to five-year age cohort.
- While showing signs of fatigue in selling, the older Bitcoin holders are expected to resume selling when BTC reaches higher prices, indicating a potential resistance during the next surge.
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Coindoo
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Nasdaq Listed Company Launches $500M Plan to Build Solana-Based Treasury Reserve
- Classover, a Nasdaq-listed company, has launched a $500 million plan to build a Solana-based treasury reserve.
- The company completed its initial Solana purchase and entered into a securities purchase agreement with Solana Growth Ventures LLC for issuing up to $500 million in senior secured convertible notes to accelerate its SOL-based treasury strategy.
- Key highlights of the plan include up to $500 million in funding through senior secured convertible notes, allocation of up to 80% of net proceeds towards acquiring and staking Solana (SOL) tokens, and an initial investment of 6,472 SOL valued at approximately $1.05 million.
- This initiative aligns with a larger trend of public companies diversifying into cryptocurrency reserves and demonstrates a strategic commitment to blockchain innovation as well as a hedge against traditional financial system volatility.
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NullTX
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MicroStrategy Adds Another 705 BTC, Extends Lead as Largest Corporate Holder
- MicroStrategy has purchased an additional 705 BTC, valued at $75.1 million, further solidifying its position as the largest corporate holder of Bitcoin.
- The company now holds a total of 580,955 BTC, valued at approximately $60.5 billion, with an average buying price of $70,023.
- While MicroStrategy leads in corporate Bitcoin holdings, Satoshi Nakamoto, with 1.096 million BTC, remains the individual with the most significant Bitcoin stash.
- MicroStrategy's Bitcoin holdings have appreciated significantly, with unrealized profits of $19.83 billion.
- Institutional adoption of Bitcoin is on the rise, with 14 publicly listed firms holding a total of 637,000 BTC.
- Even though Tesla and other companies hold Bitcoin, MicroStrategy's holdings are 50 times larger than Tesla's and have been acquired at a relatively low average cost basis.
- Market focus is shifting towards Bitcoin whales, particularly corporate treasurers impacting sentiment and technical support for the cryptocurrency.
- MicroStrategy's strategic decision to invest in Bitcoin has proven highly profitable and has set a benchmark for corporate adoption of digital assets.
- The company's move to adopt Bitcoin as its primary treasury reserve asset has been widely successful, leading to significant appreciation of its holdings and stock price.
- Despite Satoshi Nakamoto's substantial Bitcoin holdings, MicroStrategy's role in legitimizing Bitcoin as a corporate asset is noteworthy and likely to influence other companies.
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NullTX
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Wintermute Emerges as a Leading Force in Arbitrum DAO Governance
- Wintermute, a prominent crypto liquidity provider, has emerged as a leading force in decentralized governance within the Arbitrum ecosystem.
- Wintermute holds 12.72 million ARB tokens, giving it 3.56% of the total voting power in the Arbitrum DAO.
- The firm's voting power has been steadily increasing, signaling growing confidence from delegators.
- Wintermute has a high voting participation rate of 86.67% and has been actively involved in governance decisions.
- They tend to vote early in proposals, showing a proactive decision-making approach rather than waiting till the last moment.
- Wintermute's rise to influence in DAO governance came through strategic delegation pushes in late 2023 and early 2024.
- The firm's stability in governance roles is attributed to its reputation for reliability and trustworthiness among delegators.
- Wintermute supports the majority of proposals but also abstains or votes against when necessary, showcasing deliberate decision-making.
- Their strategic voting approach, based on internal assessments, emphasizes long-term value for the ecosystem.
- Wintermute sets itself apart as a governance champion, leading by example with early participation, solid engagement, and principled decision-making.
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NullTX
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Crypto Fundraising Slumps to 2025 Low While M&A Activity Hits Record High
- Crypto fundraising in May 2025 hit a low of $600 million, the lowest monthly total of the year, with a decrease in total funding deals compared to early 2021.
- The decline in venture capital activity signals investor caution in the uncertain market, with a particular slowdown in large fundraising rounds and early-stage financing.
- Financial and AI applications drove most of the value raised, with financial infrastructure accounting for 39% and AI projects capturing 25% of the total fundraising.
- M&A activity surged in May 2025 to almost $3 billion, marked by a significant deal as Coinbase acquired Deribit, highlighting the importance of derivatives trading in the crypto space.
- While most crypto-related M&A deals do not disclose financial terms, the Coinbase-Deribit acquisition was a major contributor to the record M&A value in May.
- Venture capitalists are making fewer but more strategic investments, while larger players are taking advantage of the market dip to acquire infrastructure and talent, leading to a more consolidated industry.
- The industry is transitioning towards fewer bets and bigger moves, potentially strengthening the crypto sector in the long run but creating a more competitive environment for startups.
- The future trends will be closely watched to see if VC funding continues to decline and if M&A activity remains prominent in the digital asset industry.
- The article emphasizes the importance of conducting thorough research before investing in cryptocurrencies or related services.
- Follow @nulltxnews on Twitter for updates on Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news.
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NullTX
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Aptos Accelerates Ecosystem Growth in Final Week of May
- The Aptos blockchain ecosystem experienced significant growth and partnerships in the final week of May, positioning itself as a key player in Web3 innovation.
- Key developments include the deployment of the DeFi protocol Topaz, strategic partnerships with CMC Markets and Euronext, and enabling real-time cross-border payments between the US and Japan using stablecoins.
- The Aptos Collective welcomed 39 new ambassadors, expanding its global outreach and community engagement efforts.
- Aptos focused on finance and DeFi innovations, integrating native USDC on Bybit and introducing liquid staking through projects like Kofi Finance.
- Aptos also emphasized real-world utility by tokenizing physical assets and collaborating with companies like Allscale and Movemaker to create a global payments system.
- Recognized as one of the fastest-growing ecosystems by Circle, Aptos continues to build momentum with its stablecoin ecosystem and DeFi initiatives.
- Aptos aims to evolve into a versatile blockchain platform with various applications beyond its Layer 1 foundation, showcasing strong technical and social capabilities.
- The Aptos ecosystem's DeFi Cattos project teased an upcoming 'F Point' rewards system, indicating a focus on community engagement and gamification.
- Overall, Aptos is poised for continued growth and impact in the crypto space, backed by funding, community support, and a commitment to innovation.
- Note: This summary does not constitute trading or investment advice; thorough research is recommended before engaging with cryptocurrencies or related services.
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NullTX
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Stablecoin Market Approaches $250B Milestone as Adoption and Infrastructure Boom
- The stablecoin market capitalization is close to reaching the milestone of $250 billion, showcasing a significant increase in adoption and maturation of the stablecoin ecosystem.
- The stablecoin market cap has surged by 56% year-on-year, reflecting the growing preference for stablecoins in various financial applications like DeFi and real-world transactions.
- May 2025 witnessed a record high in stablecoin supply circulation, with Tether (USDT) maintaining its dominance but facing competition from tokens like USDC and BUSD, leading to a more diverse stablecoin marketplace.
- The stablecoin landscape has evolved to include a wider variety of tokens catering to diverse use cases, indicating a shift towards institutional legitimacy within the sector.
- Active stablecoin addresses reached a record 33.1 million in May, highlighting the widespread adoption of stablecoins in facilitating transactions across DeFi, NFT markets, and global payments.
- Circle's Cross-Chain Transfer Protocol (CCTP) facilitated a record $7.7 billion in transfer volume in May, enhancing cross-chain liquidity by enabling seamless USDC transfers across multiple blockchain networks.
- Stablecoins are increasingly viewed as essential for on-chain transactions due to their stability and predictable value, resembling the role of the US dollar in traditional financial systems.
- The growth of CCTP emphasizes the rising demand for interoperability in the crypto space, underscoring the need for reliable infrastructure to facilitate value transfers across different ecosystems.
- Stablecoins are transitioning towards becoming foundational infrastructure in the digital economy, playing a crucial role in the integration and scalability of finance in the real world.
- The narrative around stablecoins has shifted from being solely speculative to focusing on usability, scalability, and their role in shaping the future of finance, positioning them as integral components of the financial ecosystem.
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