Author: John Smith
Crypto venture funding roared back to life in the first week of June, with capital flowing into both blockbuster deals and early-stage bets. The headline grabber was Circle’s long-awaited initial public offering (IPO), which brought in $1.1 billion and marked the company’s debut on the NYSE under the ticker CRCL. Altogether, crypto projects attracted $1.17 billion from June 1–7, according to Cryptofundraising data. From major strategic rounds like IOST and Avantis to smaller seed raises for emerging players like 3Jane and Launcher Capital, the week highlighted a growing investor appetite across the Web3 stack. Here’s a list of the different…
The NFT market has posted a modest recovery, with sales volume rising by 1.95% to $106.2 million. This marks a stabilization after last week’s drop. At press time, Bitcoin (BTC) price has surged to the $105,000 level. At the same time, Ethereum (ETH) has shown no significant movements in the last seven days. The global crypto market cap is now $3.28 trillion, up from last week’s $3.25 trillion. According to data from CryptoSlam, market participation continues to grow, with NFT buyers increasing by 55.08% to 826,992. At the same time, NFT sellers rose by 18.12% to 257,017. However, NFT transactions…
Mask Network token surged to its highest point since December last year and then suffered a harsh reversal. Mask Network (MASK), a privacy-focused token, rose to $3.6766, and then erased those gains and moved towards $2. On-chain data shows that the whale transaction count jumped. Santiment data shows that these transactions jumped to 26, its highest point since May 28. A deeper dive reveals that these whales are selling the Mask token. The supply of held by whales dropped to 28.26 million on Friday, the lowest level on record. More data shows that the 180-day and 365-day mean dollar invested…
Key Takeaways The regulatory watchdog made it clear that there will be no transitional arrangements, exemptions, or grace periods for digital token service providers (DTSPs) operating without a license MAS has also warned that licenses will be granted only under “extremely limited circumstances.” Monetary Authority of Singapore has put out a new directive that firms offering crypto services to overseas clients must register by June 30, 2025, or cease operations. The regulatory watchdog made it clear that there will be no transitional arrangements, exemptions, or grace periods for digital token service providers (DTSPs) operating without a license under Section 137…
Key Takeaways AUSTRAC has placed a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs Australian Federal Police revealed that a staggering 3.1 million Australian dollars was lost to crypto ATM scams in the last 12 months Australia has put out new rules on crypto ATM’s to curb rising digital asset crimes. The country’s financial crimes agency- The Australian Transaction Reports and Analysis Centre( ASUTRAC), has placed a 5,000 Australian dollar ($3,250) limit on cash deposits and withdrawals on crypto ATMs AUSTRAC in its press release ,has asked the kiosks to put out scam warning signs…
Key Takeaways The deal, which represents Robinhood’s largest acquisition to date, was announced in June last year, and was paid fully in cash. With the acquisition, Robinhood gains access to 50 global crypto licenses, a ready-made institutional client base expanding over 5,000. Brokerage Fintech firm, Robinhood Markets, has completed its $200 million acquisition of Luxembourg-based crypto exchange Bitstamp, the world’s longest-running crypto exchange, the company announced Monday. The deal, which represents Robinhood’s largest acquisition to date, was announced in June last year, and was paid fully in cash, the company said. With the acquisition, Robinhood gains access to 50 global…
Key Takeaways The bill proposes that if a user has not demonstrated any ownership interest in their crypto exchange account for more than three years, the state could take possession of those digital assets Covered actions that demonstrate ownership include making a transaction, depositing or withdrawing funds, accessing the account, or engaging in any behavior that reasonably signals knowledge of the property’s existence. California’s lower house has passed a law, allowing the state to seize crypto left unclaimed on exchanges for 3 years. The Assembly Bill (AB) 1052 was passed in the Assembly in a 78-0 vote on June 3.…
Cardano price has moved into a local bear market and is at risk of further downside as network activity and social dominance wane. Cardano (ADA) slumped to $0.668 at last check on Saturday — down by 22% from its highest point in May. It is hovering at its lowest point since May 6. On-chain metrics show that Cardano may be on the verge of more downside. Santiment data shows its social dominance score has moved to 0.792%, down from 1.8% in May. This metric means that fewer people are discussing Cardano on social media platforms like X and Reddit. Another…
Key Takeaways WLFI issued a cease-and-desist letter to Fight Fight Fight, the entity behind the TRUMP memecoin and a newly announced TRUMP Wallet WLFI accuses the firm of developing an unauthorised wallet and demands an immediate halt to its activities. In an interesting development, World Liberty Financial (WLFI), a crypto platform with close ties to the U.S. President Donald Trump and his family, has issued a cease-and-desist letter to Fight Fight Fight, the entity behind the TRUMP memecoin and a newly announced “TRUMP Wallet.” Levelling serious allegations, the letter accuses the firm of developing an unauthorized wallet and demands an…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Trump–Musk feud shakes markets as Tesla drops, crypto hit; investors brace for fresh waves of uncertainty. A public feud between Donald Trump and Elon Musk just rattled global markets. The two titans clashed over Trump’s “One Big Beautiful Bill,” with Musk publicly blasting the policy for threatening economic stability. Trump, never one to back down, responded by hinting at halting government support for Musk-linked ventures like SpaceX and Tesla. Within hours, Tesla shares nosedived, and the ripple effect slammed…