CryptoNews

Japanese banking firm SBI Holdings has announced a $50 million joint investment into Circle, following its recent $1.1 billion IPO.

According to the financial giant’s official press release, the total investment worth at least $50 million will be divided equally between SBI Holdings and its subsidiary SBI Shinsei Bank. Each entity will contribute $25 million each into the USDC (USDC)-stablecoin issuer.

The Japanese bank’s decision to invest in the stablecoin firm comes only a few days after the Jeremy Allaire-led company officially went public by listing on the New York Stock Exchange on June 5, 2025.

The company cited Circle’s IPO as one of the main reasons for the investment, adding that there was also a strong demands from institutional investors who insisted SBI Holdings should invest in the stablecoin firm.

As a result, SBI Holdings claimed it has acquired “one of the largest allocations of Circle shares.”

At press time, Circle’s shares have jumped by more than 2% compared to its previous closing price at around $115. It is currently valued at over $117, marking a significant 277% surge from its initial offering price at $31.

Price chart depicting Circle’s stock value in the past few hours, June 10, 2025 | Source: Yahoo Finance

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In a joint statement, SBI Holdings Chairman Yoshitaka Kitao and SBI Shinsei Bank CEO Katsuya Kawashima inferred that The SBI Group believes that by delving into digital assets, including crypto assets, they will be able to expand and satisfy the growing market demand for stablecoins and other assets.

”The SBI Group believes that digital assets, including crypto assets, will play a vital role in the future of the financial industry, and have been actively investing in and forming partnerships with promising companies in this field,” wrote the Japanese financial firm.

Before its $50 million-investment into Circle, SBI Holdings also invested in Ripple Labs in 2016. This led to the firm establishing a joint venture with Ripple called SBI Ripple Asia.

Last March 2025, SBI’s Venture Capital arm, SBI VC Trade, became the first firm in Japan to receive regulatory approval to handle stablecoins. It also became the first company to offer USDC to the public.

In order to accelerate USDC adoption in the Japanese market, both firms eventually agreed to establish a joint venture company, Circle SBI Japan KK.

Read more: SBI VC Trade will launch the first stablecoin service in Japan

Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking.

During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit, Atkins outlined plans for a new “innovation exemption” that would provide conditional relief from certain regulatory requirements.

While broader regulatory changes remain under development, the exemptions would provide a temporary structure to support the safe deployment of onchain services.

Atkins said the exemptions would be designed to support firms that are willing to meet specified conditions while developing blockchain-based systems. These measures, he noted, would allow for responsible innovation within the boundaries of investor protection and market integrity.

He also revealed that SEC staff have been directed to evaluate whether additional guidance or rule changes may be needed to help registrants interact with self-executing software systems in compliance with securities laws.

“These on-chain self-executing software systems have proven to be resilient in the face of crises,” he said, contrasting them with centralized platforms that have failed under recent stress. 

“Many on-chain systems continued to operate as designed pursuant to open-source code.”

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Atkins emphasised that most securities regulations were built around traditional intermediaries such as broker-dealers and exchanges.

“The drafters of these rules and regulations likely did not contemplate that self-executing software code might displace such issuers and intermediaries,” he noted, calling for regulatory flexibility to accommodate these new models.

Atkins, appointed earlier this year as part of President Trump’s push to establish the U.S. as a global leader in crypto innovation, has called for a “rational regulatory framework” that balances innovation with investor protection.

In contrast to his predecessor’s approach, Atkins is steering the SEC toward inclusive policymaking that recognises the operational differences between traditional financial intermediaries and decentralised systems. 

Since taking office, he has repeatedly stressed the need for structured, participatory rulemaking that reflects the unique characteristics of blockchain systems and crypto assets.

The SEC’s Crypto Task Force, led by Commissioner Hester Peirce, is expected to release its first policy report in the coming months. The report will contribute to a regulatory foundation that Atkins says is urgently needed to support the growth of onchain technologies and provide long-awaited clarity for market participants.

Read more: SEC chair Paul Atkins unveils plans to remake rules on crypto securities

Just months after its previous major mint event, Tether has once again minted a significant amount of tokens, likely in anticipation of increased demand.

A recent move suggests Tether is preparing for a new wave of liquidity. On Monday, June 9, Tether minted $1 billion USDT on the Tron (TRX) blockchain, according to several blockchain analysts. This represents a sizable liquidity injection, even for the world’s largest stablecoin.

Notably, the $1 billion mint accounts for more than 1% of all USDT supply on Tron, the blockchain that hosts the majority of USDT tokens. Currently, USDT supply on Tron stands at $76 billion, followed by Ethereum (ETH) with $63.2 billion. Tether’s total circulating supply is 156 billion.

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Tether’s move is seen as a bullish signal by many traders. Historically, the stablecoin issuer mints USDT in anticipation of future demand for liquidity. While the freshly minted tokens have not yet entered circulation, their creation suggests that Tether expects rising demand and increased trading volume in the near term.

This behavior has led to a recurring pattern: USDT issuance often coincides with bullish momentum across the crypto market. Tether’s last major mint occurred on May 21, when it issued 2 billion USDT on Tron. Just one day later, Bitcoin rose to its all-time high of $111,000.

You might also like: Tether seeks involvement in U.S. stablecoin regulations

Tether dismisses calls for IPO

Tether remains a private company and is one of the largest for-profit entities in the crypto industry. Notably, analyst Jon Ma estimated that a Tether IPO would value the company at $515 billion. However, CEO Paolo Ardoino dismissed the idea, stating there is no need for the company to go public.

Still, listing publicly would bring greater financial transparency—an area where Tether has faced longstanding criticism. Most recently, proposed U.S. stablecoin regulation has raised concerns that Tether could be pushed out of the market unless it adjusts its approach to disclosures.

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Donald Trump’s crypto brand has been hogging headlines all week, thanks to the public spat between his family and the team behind a wallet project tied to the president. However, following all the drama, tensions seem to be easing.

The crypto wallet saga involving Donald Trump’s sons and Gettrumpmemes, the company in charge of the memecoin tied to the president recently took a new turn, when Eric Trump took to social media platform X with a reconciliation post.    

“I am proud to announce the $TRUMP Meme Coin has aligned with @WorldLibertyFi,” he wrote. 

Eric’s post came only a few days after the family publicly rallied against the firm for launching a crypto wallet tied to their brand without authorization. At the time, the Trumps accused Gettrumpmeme’s partnership with Magic Eden of having “zero involvement” with their organization, even resorting to legal action to thwart the initiative. 

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While he confirmed that the wallet project itself will not move forward, the shift in tone came alongside his announcement that their DeFi venture, World Liberty Financial, will acquire a significant stake in the $TRUMP memecoin. According to him, this symbolizes the duo’s joint “vision for crypto, patriotism, and long-term success.”

However, Eric’s announcement has once again sparked criticism around the family’s crypto ventures. Skeptics argue that the majority of the projects involved lack transparency and are riddled with inconsistencies, questioning whether they are primarily driven by personal profit rather than genuine interest in the crypto industry.

"Plans to acquire".Yes, they warn you before buying, just for them to buy higher afterwards…. Makes sense. Such nice people lol.Another obvious manipulation to grab more cash from retail.Even if it pumps and you have a bag, I would advice ou to take profit as soon as you…

— Miles (@Miles__Tweet) June 7, 2025

This sentiment reflects the broader skepticism across the community, with many viewing the ventures as more opportunistic than authentic.

Despite the announcement, the $TRUMP token has recorded no notable price movement. At press time, it trades around 77% below its all-time high and is down nearly 30% over the past 30 days. 

Read more: Trump-linked media platform Truth Social files for spot Bitcoin ETF

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial.

AI has been evolving at breakneck speed and is becoming an indispensable and useful tool across many industries for business and consumer-facing functions, including the finance industry. The fast adoption of AI is largely driven by its low barriers to entry, where anyone with a computer and internet connection can interact with AI and develop it. Yet, as AI grows, it brings severe risks: AI is already sufficiently advanced to assist human-led hacking through LLMs and AI agents.

You might also like: AI is crypto’s redemption, and the next generation’s big bet | Opinion

Within five years, AI will develop capabilities to hack on another, far more dangerous front: through Artificial General Intelligence. Once AGI is achieved, it won’t be controlled by people. Unless governments and regulators step in now (even then, the chances of controlling it are slim), AGI will escape the confines of its creators and autonomously hack cryptocurrency encryptions… and entire global digital systems.

The rise of artificial intelligence 

AI has seen a dramatic surge in the commercial arena, one of its most recent iterations being AI agents. These are finely tuned, complicated systems, geared to perform specialized tasks and make decisions with minimal human intervention. Already transforming the tech space and becoming a useful everyday tool for many basic human interactions, such as self-driving cars, fraud detection, on-chain trading, and application creation.

The next evolution will be AGI, a complex system that can do everything a human can. It will not need human prompts or intervention; it will simply have real-time autonomy: the ability to perform tasks, but also recognise when a task needs performing. This is set to be achieved in the next two years. OpenAI CEO Sam Altman and Elon Musk have made public statements declaring clear roadmaps to achieve AGI; regardless of who gets there first, time will decide whether they are a hero or the destroyers of worlds.

Potential evolution of use cases: Friend and foe

Alongside positive innovations, AI is facilitating amoral actors. LLMs and AI agents are being used to assist hacking. LLMs get jailbroken to produce malware and are being used for targeted scamming, such as faking voices in phone calls to incite money transfers from unsuspecting victims. An open-sourced AI Agent can be used by malicious actors for targeted scams, tasked with finding, tracking, tracing, and infiltrating a target—never ending until it achieves its goal.

One key vulnerability on the horizon lies in the potential for AGI to break cryptographic encryptions. Bitcoin (BTC) encryption hacking is already a growing market, but is currently limited to the realm of quantum computing, which has an incredibly high barrier to entry—it requires extreme assets, resources, and technical capabilities that the average hacker does not possess. Crypto encryption hacking has been limited to a small handful of individuals who are legally paying for the services of quantum computing firms to unlock their wallets and recover funds for a hefty finder’s fee.

Encryption hacking will not always be bound to the limits of quantum computing. AGI presents much lower barriers to entry and will leverage technology that man has not even yet discovered.

AI + bad actors = death of crypto

Once AI has advanced to the point where it can hack encryption, the level of criminals using this tool will dramatically increase. Usage will extend well beyond innocent crypto investors trying to recover funds. Hackers will use AI agents sufficiently advanced to target and exploit these weaknesses in our financial systems.

Particularly as there are many amoral groups that lack quantum computing skills, actively interested in the weaponisation of AI, for example, the North Korean Lazarus Group, infamous for financial hacks, poses a real danger. We are looking at far more devastating effects than just scams and theft. North Korea will use it as a digital weapon, destroying existing financial systems.

Beyond the weaponisation of AI by unfriendly states and actors lies the potential for AGI to go rogue from its creators. Once this happens, one of the first aspects after decentralizing itself, through infiltrating digital networks to become untraceable to avoid being switched off, will be to gather financial resources. The most likely target is the financial markets, specifically crypto. It would try to access digital capital by tracking high-frequency traders, forging accounts, and hacking online bank accounts. It would also break encryption methods for Bitcoin and all major cryptocurrencies. In the blink of an eye, it will be able to hack every single wallet that has ever existed and immediately secure the assets by selling them on the chain for gold, bonds, and fiat currencies, all before any centralised authority could respond.

If an AI can crack all the private keys for crypto wallets, why would it not do so within minutes, stealing and selling all of the Bitcoin and other cryptocurrencies, and then diversifying into other assets? It would, and it will.

Any hope for crypto (and humankind)?

Without proactive counter-strategies, AGI could dismantle cryptocurrencies and very quickly take control of all human finances. As a complex, non-deterministic system, AGI is a technology where the safety rails imposed by governments are most needed; managing these risks requires exceptional cooperation and sophistication across many actors and institutions. Yet this is the first time a world-changing technology has not been spearheaded by the government, but instead by private corporations. From the Manhattan Project to microprocessors, the internet, GPS, and digital cameras, these are all technologies that originated from government-run projects for defense, which were subsequently commercialized for consumers (except for the bomb). Silicon Valley is at the forefront of AI, placing us in a unique position in history where the scale and speed of distribution, versus government oversight, may not be sufficient to prevent major negative impacts.

AI will transform society, but once AI proves extremely smart and capable, there will be little to stop the ‘wrong hands’ from developing harmful AI tools. AGI starts a countdown timer until it breaks free from its creator’s chains and moves into the real world. The risks are not exclusive to financial markets, but apply to the whole digital landscape, IoT devices, electrical grids, and so much more. Crypto is but a means to an end for AI, a means to gather wealth. Crypto is purely the financial vessel for the worst-case scenario to unfold.

Read more: The hidden bias in financial AI—can blockchain finally solve it? | Opinion

Author: Zach Burks

Zach Burks, CEO of Mintology, is an accomplished blockchain developer with over a decade of experience in the Ethereum ecosystem. He has progressed the governing principles of Ethereum first-hand through his collaboration with the Ethereum Foundation on improving the ERC-721 standard, the cornerstone standard for all NFTs, and by authoring ERC-2981, the industry-defining on-chain royalties standard. Zach is also the mastermind behind Gasless Minting, which revolutionized the NFT creation process.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Lightchain AI ends presale after raising $21m, launching Bonus Round at $0.007 amid surging demand and market traction.

Lightchain AI has completed its full presale, making waves in the market and surprising many speculators. With all 15 stages successfully closed, the Bonus Round is now live at a fixed price of $0.007, bringing the total funds raised to nearly $21 million. 

This isn’t just buzz — it’s evidence of strong demand and precise execution. While projects like Aptos wait for renewed momentum, Lightchain AI is gaining real traction across wallets, dashboards, and developer communities. Its growth isn’t driven by temporary hype but by robust infrastructure and a presale strategy that has drawn the attention of serious early adopters.

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Aptos faces community fatigue while searching for renewed engagement

Aptos is seeing signs of community weariness setting in as it battles for engagement despite its initial promise. Although technically solid, the platform is not to be trusted: what everyone really wants is more transparency and more active development cycles.

Unlike rollouts generating hype, Aptos has not been fully implemented to bring the kind of core component synergy that delights builders — think full integration across its validation layer, storage, and smart contract systems. Cross-chain infrastructure is not well utilized, which restricts the project’s expansion outside its native environment.

Delays and ambiguity regarding access to public repositories have also left developers wary. Without public and transparent visibility into development progress and a more robust builder ecosystem, Aptos risks becoming irrelevant in a market that increasingly values openness and execution.

Lightchain AI completes all 15 presale phases with surging speculative interest

Lightchain AI has completed all 15 presale phases, raising over $21 million and entering its Bonus Round with surging speculative interest from both retail and institutional players. This excitement is fueled not only by strong presale performance but by Lightchain’s tangible ecosystem rollout.

The platform’s interoperability features enable seamless integration with other blockchain networks, supporting cross-chain collaboration and data exchange. A $150,000 grant pool is already live, attracting developers to build dApps, tools, and infrastructure on top of the AI-enhanced Layer 1. DeFi partnerships are actively onboarding, expanding Lightchain AI’s reach into real financial use cases.

With decentralized validator nodes, an open Developer Portal, and public GitHub access on the way, Lightchain AI’s momentum is grounded in strategic moves, not just market speculation.

Ride wave with Lightchain AI momentum

Keeping up with the fast-paced world of blockchain and cryptocurrency can feel like a full-time job. But here’s a project worth the attention: Lightchain AI. 

This next-gen Layer 1 blockchain is making waves by combining cutting-edge artificial intelligence with scalability, security, and interoperability. Designed to power the future of decentralized apps (dApps), data exchange, and DeFi, Lightchain AI redefines what’s possible in blockchain tech. 

What sets it apart? The removal of the original 5% Team Allocation is a bold move that puts trust and transparency at the forefront. Built on advanced sharded architecture for seamless, scalable AI execution, Lightchain AI isn’t just theoretical; it’s ready for real-world applications. 

Curious? Now could be the time to dive in and discover the potential of this game-changing platform!

To learn more about Lightchain AI, visit the website, X, or Telegram.

Read more: Uniswap upgrades while Lightchain AI drives buyer interest with real-world utility

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Switzerland’s Federal Council recently green lit a bill that allows for the automatic exchange of crypto information with 74 other countries, excluding the U.S, Saudi Arabia and China.

In a press release issued on June 6, Switzerland’s Federal Council has adopted a bill that would enable the automatic exchange of information related to crypto assets with dozens of countries around the world.

The bill would come into effect starting from January 2026, with the first exchange of information scheduled to take place some time in 2027. This means that Switzerland will automatically share data related to its crypto assets with 74 partner countries that it deems “relevant to the crypto market.”

Although the release does not list the names of all 74 partner countries, the council does clarify that all EU member states will be included in the bill, as well as the United Kingdom and most of the G20 countries.

The Federal Council has adopted a bill to enable the automatic exchange of cryptoasset information with 74 partners, including 🇬🇧, all 🇪🇺 members, and most of G20 (not 🇺🇸, 🇨🇳, 🇸🇦). Now Parliament is debating the bill. Press release: https://5023w.roads-uae.com/33vCVtJimI @efd_dff @sif_sfi

— Swiss Federal Government (@SwissGov) June 6, 2025

However, the U.S. and Saudi Arabia will not be included in the 74 countries that will receive information on Switzerland’s crypto assets. In fact, the official account for the Swiss Federal Government made a post on X which highlighted which countries will not be included in the data-sharing agreement.

These countries include the U.S., Saudi Arabia, and China among others.

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The council also stated that an exchange of crypto asset data will only take place if the other partner states consent to sharing their crypto asset data with Switzerland. Not only that, partner states participating in the information sharing should also comply with Crypto-Asset Reporting Framework developed by the Organization for Economic Co-operation and Development or OECD.

In addition, the council proposed to review whether or not partner countries with which the AEOI has been activated have continued to fulfil the standard’s requirements.

“Prior to the actual exchange of data on crypto assets, the Federal Council will also review whether the partner states with which the AEOI has been activated continue to fulfil the standard’s requirements,” stated the Swiss Federal Government council.

The Crypto-Asset Report Framework is designed to combat cross-border tax evasion by enhancing tax transparency across countries amidst the rapidly evolving crypto market. It mandates that Crypto-Asset Service Providers, such as exchanges and wallet providers, collect and report information on users’ tax residencies and taxpayer identification numbers.

These providers must report annually on specific transactions, including exchanges between crypto-assets and fiat currencies, exchanges between different crypto-assets, and transfers of crypto-assets.

You might also like: OECD introduces tax reporting framework for crypto industry

Bitcoin slid to fresh lows on Thursday amid a broader market pullback, triggered by an unexpected public clash between two of the most influential figures in tech and politics.

A public fallout between US President Donald Trump and Tesla CEO Elon Musk was not on many’s bingo cards for the year, and the unexpected spat quickly sent shockwaves through the markets. Following a series of public exchanges over political disputes, the crypto market took a hit, leading to sharp declines across multiple assets.

According to crypto.news data, market giant Bitcoin (BTC), which had held relatively steady throughout the week, dropped sharply to a new low of $100,501. The pullback marks an approximate 6% slip below this week’s high point of $106,000, negating the anticipation for the token to maintain an upward trend. 

Bitcoin price chart | Source:  crypto.news

While BTC has since recovered slightly to trade at $103,376 at press time, the abrupt price decline shook the market up, with approximately $308 million in long positions liquidated within hours, according to CoinGlass data.

This contributed to a broader sharp decline across the market. Over the past 24 hours, around 227,300 traders saw their positions wiped out, with total liquidations reaching $983 million. Out of this number, longs accounted for the majority at $892 million. Crypto exchange Bybit accounted for a large portion of the liquidations at $354 million, followed closely by Binance.

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Other major altcoins fell even deeper in the downturn. Ethereum (ETH), Solana (SOL), and Cardano (ADA) were some of the day’s biggest losers, shedding roughly 7%, 8%, and 10%, respectively. The memecoin sector was not spared. Dogecoin (DOGE) plunged 20%, while Bonk (BONK) and Dogwifhat (WIF) dropped 13% and 11%, among others.

While many assets have edged up alongside Bitcoin in a modest rebound, overall market sentiment remains shaken. The Cryptocurrency Fear & Greed Index has shifted from ‘Greed’ to ‘Fear’ territory, showing that investors are growing cautious.

Read more: Trump wallet saga escalates as family pursues legal action

United States authorities have launched a forfeiture action to seize millions in crypto funneled to North Korea through a global network of fake IT workers embedded in blockchain firms.

According to a June 5 statement from the U.S. Department of Justice (DOJ), the agency is seeking to confiscate over $7.74 million in digital assets allegedly earned through illicit employment and laundering schemes designed to evade U.S. sanctions.

The funds were initially frozen in April 2023 following the indictment of Sim Hyon Sop, a North Korean Foreign Trade Bank representative based in China, accused of conspiring with DPRK IT workers to funnel crypto earnings back to the regime.

Authorities allege these funds were part of a coordinated laundering effort that included chain hopping, token swaps, and fictitious identities to obscure their origin.

In its complaint filed in a Washington D.C. federal court, the DOJ has targeted multiple forms of digital property, including Bitcoin, stablecoins, non-fungible tokens, and Ethereum Name Service domains.

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Officials allege these operations were part of a broader effort by North Korea to sidestep international sanctions and fund its weapons programme through cyber-enabled revenue streams.

“Sanctions are in place against North Korea for a reason, and we will diligently investigate and prosecute anyone who tries to evade them. We will halt your progress, strike back, and take hold of any proceeds you obtained illegally,” U.S. Attorney Jeanine Ferris Pirro said in an accompanying statement.

With DPRK-linked hackers reportedly stealing over $1.6 billion from crypto firms in 2024 alone, U.S. officials say more aggressive action is required.

The DOJ’s latest Action is part of the broader “DPRK RevGen: Domestic Enabler Initiative,” launched in March 2024 to disrupt North Korea’s revenue-generation networks.

A growing threat to crypto

North Korean operatives have been linked to some of the largest cryptocurrency heists in recent years, with malicious IT workers increasingly playing a central role in breaching blockchain firms from the inside. 

Often operating under stolen or fabricated identities, these individuals secure remote jobs at crypto and tech companies, where they typically request payment in stablecoins like USDC and Tether, a tactic believed to help mask their true locations.

Once employed, these positions provide a financial lifeline to the regime and, in some cases, access that can later be exploited.

Illicit earnings from these roles are often funneled back to the regime through a web of laundering techniques, including fake accounts, small-value transfers, cross-chain swaps, and NFT purchases, before being rerouted, sometimes via sanctioned intermediaries like Chinyong, a company tied to North Korea’s Ministry of Defense.

In recent years, North Korean IT workers have continued to expand their operations, adapting their tactics and shifting targets as enforcement efforts intensify.

According to an April 2025 report from Google’s Threat Intelligence Group, North Korean IT operatives were increasingly targeting European blockchain firms after heightened scrutiny in the United States. 

The report detailed cases of DPRK workers building Solana smart contracts and job marketplaces in the UK, often using elaborate webs of fake references and identities to pass recruitment checks.

Last month, cryptocurrency trading platform Kraken intercepted one such attempt when a job applicant raised red flags during the recruitment process. Further investigation revealed the candidate was a North Korean operative linked to a broader network of infiltrators who had already secured roles at other crypto firms.

Read more: North Korea’s latest crypto hack reveals Web3’s security weakness: pro

Tether has invested in pan-African blockchain solutions platform Shiga Digital, marking another step in its strategy to expand across the African continent.

Fresh from another strategic investment in Chile-based crypto platform Orionx, with eyes on Latin America, Tether has announced plans to tap into its massive resources once again to bring Tether (USDT)-powered solutions to users across Africa.

With Shiga Digital, Tether is looking to offer a solution to the problem of cross-border payments and global liquidity. The collaboration will leverage Shiga Digital’s suite of products, including virtual accounts, over-the-counter services, treasury management and foreign exchange.

The services are targeted for enterprises across the continent, and USDT will be key to allowing users access payments in foreign currencies. Shiga Digital and Tether are looking to democratize traditional finance via the USDT integration. 

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Blockchain adoption is on the rise and not many crypto companies boost the traction and impact of Tether, issuer of world’s largest stablecoin by market share. Tether’s market cap currently stands at over $153 billion. 

In early May, Tether published a report showing it held nearly $120 billion in U.S. Treasuries, with quarterly operating profit exceeding $1 billion.

“At Tether, we believe stablecoins are the heartbeat of financial transformation,” said Paolo Ardoino, chief executive officer of Tether. “By collaborating with innovators like Shiga Digital, we aim to deliver financial access and efficiency to African enterprises. Together, we are not just imagining a future powered by blockchain technology, we are building it.”

Tether’s growing presence in Africa extends beyond investment and cross-border payment solutions. The company is also committed to accelerating blockchain adoption through partnerships in education and innovation.

In February, Tether signed a memorandum of understanding with the Republic of Guinea. The initiative aims to support the country’s digital transformation and economic growth by leveraging blockchain infrastructure.

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After acquiring some of the NFT world’s biggest names, Yuga Labs is now offloading CryptoPunks, Moonbirds, and other brands as the market faces ongoing challenges.

Yuga Labs has recently started slimming down, handing over IP rights to several NFT collections — including CryptoPunks and Moonbirds — in what may signal a shift for the once-dominant NFT giant. The CryptoPunks IP now belongs to the Infinite Node Foundation, a non-profit focused on digital art preservation.

Meanwhile, Moonbirds — another blue-chip collection — has landed in the hands of a relatively unknown gaming company called Orange Cap Games.

While Natalie Stone, general manager of CryptoPunks, said the terms of the deal won’t be disclosed, reports suggest the Infinite Node Foundation may have paid around $20 million. That’s likely less than what Yuga paid in 2022, and a far cry from the hype-driven prices seen at the peak of the NFT boom.

Still, Yuga isn’t walking away entirely as the firm still retains its rights under the standard IP license, Stone told The Verge.

Nicki Schiller, chief of staff at Yuga Labs, emphasized in a commentary for crypto.news that “with Punks, we remain the largest holder and chose Node for their ability to steward the legacy — we’ll stay involved via the advisory council.”

“Moonbirds deserve a team fully dedicated to their world, and Orange Cap Games is the right fit to take them forward. With Punks, we remain the largest holder and chose Node for their ability to steward the legacy – we’ll stay involved via the advisory council. These moves reflect a clear focus: Yuga is going all-in on Apes, Otherside, and what’s next.”

Nicki Schiller

Cultural movement

Even so, the sale marks a big shift. When Yuga Labs acquired CryptoPunks from Larva Labs in 2022, the NFT market was still glowing. Prices were sky-high and one CryptoPunk famously sold for over $23 million in Ethereum (ETH), and that sort of thing doesn’t really happen anymore.

While the exact reason behind the acquisition remains unclear, Node Foundation chair Micky Malka noted that CryptoPunks “sparked a cultural movement,” adding that the firm is setting up a permanent exhibit space in Palo Alto and planning to show the full 10,000-piece collection at the Toledo Museum of Art to make it easier for “scholars, curators, and collectors to engage with it.”

So what happened? CryptoPunks were created by Matt Hall and John Watkinson of Larva Labs in 2017. Just 24×24 pixels, the 10,000 characters quickly became more than just JPEGs. They were status symbols, collector bait, and some say, the beginning of the NFT movement. Long before the Bored Apes took over Twitter profile pics, the Punks were already being auctioned by Christie’s, an art and luxury auction house.

Yuga came in during peak hype, acquiring multiple NFT collections. But now, it’s offloading those same assets — and not just CryptoPunks. Earlier in May, Yuga also sold the Moonbirds IP to Orange Cap Games, a low-profile outfit in the NFT gaming space. The deal includes not just Moonbirds, but also related spinoffs Mythics and Oddities.

https://5023w.roads-uae.com/dWNVvZKTuZ

— Orange Cap Games (@Ocapgames) May 30, 2025

Orange Cap Games described the acquisition in an X post as a chance to bring “beloved IPs to life through carefully crafted experiences that introduce them to new fans and deepen the connection with existing communities.” The company emphasized its excitement about taking over the Moonbirds franchise, stating that Moonbirds “have simply been nesting during the bear market, filled with untapped possibility, and under our stewardship, it is now time to take flight.”

Orange Cap Games has a track record in NFT gaming, having launched Vibes TCG, a collectible card game centered around the Pudgy Penguins IP, which “celebrates culture, community, and joy.” The studio prides itself on attention to detail, saying that “those who know us through Vibes know that we obsess over excellence, whether in game design, physical product development, or creative execution.”

“In fact, we’re the only TCG studio we know of that developed its own custom paper stock for our upcoming physical release. Details matter. This is the attitude that we bring to everything we do.”

Orange Cap Games

Yuga Labs co-founder Greg Solano seemed optimistic. “Moonbirds deserve a team whose whole world is the birds,” he said, praising Orange Cap Games’ execution so far.

Regarding the blockchain environment, Orange Cap Games pointed out that that future on-chain components of Moonbirds created by them will be on either mainnet or, if on a layer-2, will exclusively use ApeChain, a network which was also backed by Yuga Labs.

Once-hyped time

Still, it’s hard to ignore the backdrop: NFTs aren’t what they used to be. Market activity has dropped off a cliff. According to data from DappRadar, trading volumes for top NFT collections are down 95% from their peaks. Once-hyped projects have either vanished or turned to licensing deals, art exhibits, or physical merch, all in the name of staying alive.

Art NFTs yearly trading volume and sales count | Source:  DappRadar

Schiller pushed back on the idea that declining market conditions prompted the selloff, emphasizing that the deals “weren’t driven by market volatility” but instead reflected “strategic clarity, not short-term conditions.”

Yuga Labs seems to be doubling down on what it sees as core, with Solano saying in an X post that the firm is “laser-focused on Apes, Otherside, and something special we’ve been cooking up.”

The company’s Otherside metaverse — a gamified, immersive world tied to Bored Apes — remains a key focus. And maybe that’s the real story. Whike Yuga isn’t necessarily giving up, it certainly retreating from the idea that one company can own the NFT canon.

When Yuga acquired CryptoPunks’ IP, “it wasn’t just about ownership — it was about honoring a cultural icon we believed in,” said Yuga Labs co-founder Wylie Aronow, adding that giving the brand away was “a full-circle moment.”

Meanwhile, the Infinite Node Foundation seems to be pulling together a pretty serious team to steward the collection. Founders from both Larva Labs and Art Blocks are on its advisory board, and a live Ethereum node will run at its new facility to emphasize decentralization.

Looking ahead, Schiller confirmed that the “persistent Otherside experience begins this summer, marking a major new phase in the project,” and teased upcoming developments around ApeFest and the long-awaited real-life Clubhouse. “We’ll be sharing more on all of this soon,” she added.

While some in the NFT community view this as a big win, others see it differently, likening the sale of a high-profile collection to a small gaming startup as the web3 version of a garage sale. But maybe that’s simply the new reality, the NFT market isn’t dead. It’s just quieter, more mature, and, possibly, a bit wiser.

Read more: U.S. SEC ends probe into Bored Apes NFTs creator Yuga Labs

Dogecoin iis showing clear signs of a structural market shift after months of grinding within bearish conditions. A strong breakout followed by bullish confirmations suggests that a deeper upside continuation could be underway, if key support levels hold. Momentum indicators are aligning, technical structure is shifting, and buyers are gradually regaining control.

Despite recent volatility in the broader crypto market, Dogecoin (DOGE) has quietly been laying the groundwork for a significant trend reversal. After breaking free from a long-standing bearish trend, DOGE surged into high-timeframe resistance at $0.23 before facing rejection. Importantly, the pullback didn’t result in a full breakdown, but rather a rotation into critical support, which appears to be holding firm. This price behavior, supported by volume dynamics and key indicators, signals strength rather than weakness.

Key technical points

Major Market Structure Break: DOGE has broken out of a prolonged bearish structure, initiating a trend shift with an impulsive rally to $0.23.

Critical Support at $0.16: Price is now rotating into a high timeframe support zone backed by the 0.618 Fibonacci and Point of Control.

200-Day Moving Average Retest: A bullish candle close above the 200 MA, followed by a successful retest, confirms strength in the current move.

Stochastic RSI in Oversold Region: Currently at 19, this is a historically reactive level. A bullish crossover and move above 20 often precede momentum shifts.

Bullish Continuation Signal: Constructive price action within the support cluster would set up an ideal long entry model for a move toward the previous high at $0.23 and beyond.

DOGEUSDT (1D) Chart, Source: TradingView

The breakout from Dogecoin’s entrenched bearish structure is more than just a short-term anomaly, it carries deeper implications. The impulsive breakout candle surged into $0.23 resistance, a level that has historically been a pivot zone for DOGE’s macro behavior. The recent rejection from this area resembles a healthy correction, not a failure of trend.

More critically, the move marked a clear shift in structure: higher highs, a confirmed 200-day MA retest, and a developing bullish Stochastic RSI setup all point toward potential continuation. DOGE is consolidating within a cluster of support zones, and if these levels hold, a new leg up could retest prior swing highs and possibly kick off a broader uptrend.

DOGEUSDT (4H) Chart, Source: TradingView

The most important aspect of the current price action is the retest zone around $0.16. This level holds substantial weight as it combines several layers of technical confluence: the 0.618 Fibonacci retracement, the Point of Control from volume profile data, and a dynamic market structure higher low region. From a trader’s perspective, when these technical indicators align, it creates a high-probability zone for a bullish reversal or continuation.Adding weight to the bullish thesis is the behavior around the 200-day moving average. Dogecoin recently printed a full candle close above the 200 MA, a feat that hasn’t occurred with such conviction in months. What followed was a textbook bullish retest, where price retraced, tagged the moving average, and immediately rebounded, establishing a new swing high above the value area. This is a strong signal of accumulation beneath resistance and suggests that buyers are gradually overpowering distribution.

DOGEUSDT Stochastics RSI, Source: TradingView

From a momentum standpoint, the Stochastic RSI is flashing a highly relevant signal. Currently sitting around 19, DOGE is in an extremely oversold territory, a region where historical reversals have initiated. The key element here is not just the value, but the bullish crossover that is currently developing. If the stochastic crosses above the 20 line, momentum confirmation occurs, and in past cycles, this has correlated strongly with explosive upside moves. In short, the momentum reset appears complete, and conditions are ripe for reacceleration.

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Moreover, price action is not showing weakness despite its correction from the $0.23 level. On the contrary, it is respecting support and consolidating constructively, this is evident through multiple daily closes above the $0.16 level. If this cluster holds and structure remains intact, a new bullish leg toward $0.23 becomes the base case. And beyond that? The lack of resistance between $0.23 and $0.30 opens the door to a more significant continuation.

What to expect in the coming price action

The next few days are critical for Dogecoin. A sustained defense of the $0.16 support cluster, particularly around the POC and 0.618 Fib, would set up the conditions for a long trade entry, targeting a return to the recent swing high at $0.23. If that level breaks, a quick acceleration toward $0.30 is likely.

Momentum confirmation via the Stochastic RSI crossover above 20 will be a key secondary signal. If both support holds and momentum confirms, DOGE could be entering a new phase of its market cycle, one where higher lows, trend continuation, and increasing volume characterize the next leg.Traders should focus on how price behaves around the support cluster, monitor candle structure on the daily timeframe, and watch for confirmation from momentum indicators like the Stochastic RSI. While a failed hold below $0.16 would invalidate this setup, current conditions favor bullish continuation and a potential macro trend reversal.

Read more: Next Mantra? DEGO token price plunges despite USD1 purchases

What made Elon Musk call Trump’s “Big Beautiful Bill” a disgusting abomination and what does this mean for crypto’s future in America?

Table of Contents

Musk calls Big Beautiful Bill a disgusting abomination in viral attack

Musk blasts Big Beautiful Bill but crypto firms may benefit

Why Section 899 makes the Elon Musk tweet feel eerily prophetic

The congressional spending bill feels like 2020 all over again

Musk calls Big Beautiful Bill a disgusting abomination in viral attack

The One Big Beautiful Bill Act, or OBBBA, is a sweeping tax and spending proposal introduced by the Donald Trump administration that narrowly passed the House in late May 2025.

Stretching over a thousand pages, the bill expands on the 2017 tax cuts by extending existing provisions and introducing new ones. Among the most notable are zero taxes on tipped wages and full, immediate deductions for business investments.

Alongside the tax measures, the bill increases spending in areas such as military programs and border infrastructure. This includes funding for a new missile defense system labeled the “Golden Dome.”

To support the scope of these changes, the proposal raises the national debt ceiling by $4 trillion and calls for cuts across several federal programs. Medicaid, food assistance, and other support services face reduced budgets and new eligibility restrictions, including work requirements.

The Congressional Budget Office projects that, if passed without major changes, the legislation could raise the national debt from roughly $36 trillion to nearly $40 trillion over the next ten years.

The bill has already sparked internal debate within the Republican party. Several senators have voiced concern about the long-term cost of the tax breaks and the impact of expanding the deficit.

Elon Musk, who briefly held a position in the Trump administration as head of the Department of Government Efficiency, has since become one of the bill’s most outspoken critics.

Soon after stepping down, Musk posted on X, calling the proposal “a disgusting abomination” and accusing Republican lawmakers of fiscal dishonesty. He followed up by stating, “You know you did wrong. You know it,” in direct reference to those who voted for the bill.

Musk, who reportedly donated nearly $300 million to support Trump and other Republican candidates, has now accused them of betraying their base. In his words, 

House Speaker Mike Johnson responded by defending the bill and challenging Musk’s statements. “My friend Elon is terribly wrong about this bill,” he said, describing it as a long-term investment in American competitiveness.

Senate Minority Leader Chuck Schumer offered criticism from the other side of the aisle, calling the bill “ugly to its very core” and describing it as a $4.5 trillion gift to the ultra-wealthy, funded by cuts to health care and social support for working families.

The legislation now moves to the Senate, where Republicans hold a 53 to 47 majority. Given the level of pushback from both within the party and across the aisle, substantial revisions are expected before any version can move forward.

So what does all of this mean for the digital asset space? Let’s break down what’s actually in it and how it could shape the future of crypto.

Musk blasts Big Beautiful Bill but crypto firms may benefit

Although the OBBBA does not mention crypto directly, several provisions within the bill could influence how the industry functions in practice.

One of the most immediate impacts comes from the return of full bonus depreciation for capital investments, allowing businesses to deduct the entire cost of qualifying equipment in the year of purchase.

For crypto mining firms, a newly bought mining rig could be written off in full rather than depreciated over time. Tax professionals note that such deductions can help miners generate paper losses to offset other income, significantly lowering their tax burden. 

Since profitability in mining often depends on managing costs, the provision could offer direct financial relief.

The bill also retains the corporate and individual tax rates introduced in 2017. A steady 21% corporate tax rate may benefit blockchain startups by preserving more capital for development and hiring.

Not all elements of the proposal are favorable to the sector.

Section 112105 introduces a 5% excise tax on most cross-border remittances. Every time an individual in the U.S. sends money abroad, 5% of the amount would be collected by the Treasury unless the sender uses a “qualified” provider that verifies them as a U.S. national or citizen.

For many lawful immigrants and visa workers, who frequently send funds to family overseas, the requirement could present significant friction. Advocacy groups estimate that over 40 million U.S. residents could be affected. 

Countries such as Mexico, which rely heavily on remittance inflows, have already raised concerns, warning that the measure could divert billions away from their economies.

Within crypto circles, the implications are layered. The added cost of traditional remittances may drive users toward stablecoin-based alternatives, including USD Coin (USDC) and Bitcoin (BTC), which enable borderless value transfer without relying on banks or remittance companies.

A noticeable shift toward crypto for remittances could also invite regulatory scrutiny. If policymakers see digital assets as tools to bypass taxation, they may increase oversight of wallet providers and exchange on-ramps.

Coin Center has already described the measure as a form of financial surveillance, drawing parallels to past proposals aimed at tracking self-custodied crypto activity.

Why Section 899 makes the Elon Musk tweet feel eerily prophetic

Tucked deep within the OBBBA is Section 899, a provision that grants the U.S. Treasury new powers to retaliate against foreign tax policies deemed unfair to American businesses or individuals.

If another country enacts a tax that disproportionately impacts U.S. entities, the Treasury can officially label it a “Discriminatory Foreign Country.” That designation allows the U.S. to impose elevated taxes on companies or citizens from that country doing business on American soil.

The immediate targets include digital services taxes and global minimum tax policies promoted by the OECD. Several countries, including France, Italy, and the United Kingdom, have already implemented tax regimes that largely affect U.S. tech giants. Section 899 gives the U.S. a legal path to push back.

For the crypto industry, the implications are multi-dimensional. Foreign regulators weighing taxes on U.S.-based crypto firms may now think twice. A transaction levy on platforms like Coinbase or Circle that favors local players could trigger a retaliatory response from the U.S. That deterrent effect could help American crypto firms preserve access to global markets. 

The provision also reinforces the U.S. position against the OECD’s global minimum tax plan. Without a top-up tax enforced through bilateral treaties, American crypto startups remain under domestic tax rules, even when earning abroad.

That separation benefits smaller blockchain firms. It avoids layering foreign tax obligations onto early-stage companies still navigating compliance at home. For now, Section 899 signals that the U.S. won’t allow other nations to expand their tax reach over American income.

The risks are equally clear. If the U.S. raises taxes on foreign firms in response to digital service levies, affected countries may respond in kind. Crypto companies entering Europe or Asia could face higher withholding taxes, stricter licensing, or added legal friction.

That escalation threatens the global reach many crypto projects rely on. Distributed teams, international investors, and cross-border liquidity are core to the industry. 

Moreover, a fragmented tax environment could slow growth, raise compliance costs, and weaken international partnerships.

Foreign venture capital may also pull back. A fund based in a targeted country could face higher taxes when investing in U.S. crypto startups, making deals more expensive and potentially slowing capital flow.

On the ground, U.S.-based exchanges and funds might be required to flag, report, or withhold more from investors tied to blacklisted countries. That added complexity raises operational overhead and could deter global user participation.

The full impact of the measure will likely depend on how aggressively both sides respond, and whether exemptions or negotiated frameworks emerge in response to mounting pressure.

The congressional spending bill feels like 2020 all over again

One of the broader effects of the OBBBA may surface through its influence on inflation expectations. Large-scale tax cuts and shifts in spending, especially when financed through borrowing, often raise concerns about long-term price stability.

The bill includes reductions in some federal programs, but many economists argue that its immediate impact is stimulative. Unfunded tax relief can temporarily boost demand, and without offsetting growth or revenue, that may contribute to rising inflation over time.

The Committee for a Responsible Federal Budget has warned that the bill moves the U.S. further from achieving a sustainable debt-to-GDP ratio. Its analysis suggests that maintaining a 3% deficit target would be nearly impossible under the bill’s current framework.

Ongoing borrowing to fund tax cuts and military expansion could gradually weaken the dollar’s purchasing power. If those expectations gain traction, Bitcoin may re-emerge as a hedge against inflation risk.

If the electorate doesn't hold congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency.I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control. https://5023w.roads-uae.com/aeBE7pUuHo

— Brian Armstrong (@brian_armstrong) June 4, 2025

The pattern has precedent. During the pandemic stimulus era of 2020 and 2021, Bitcoin experienced a surge in demand as investors responded to aggressive monetary and fiscal expansion. That cycle pushed Bitcoin above $60,000 by early 2021.

A similar dynamic appears to be forming in 2025. Bitcoin surpassed $111,000 in May shortly after the House approved the OBBBA, even though inflation readings remain moderate. Market behavior suggests that investors are pricing in anticipated risks, rather than reacting solely to current indicators.

Still, the relationship between inflation and crypto markets is not linear. When inflation accelerates and central banks raise interest rates sharply in response, crypto tends to come under pressure. In 2022, Bitcoin lost more than 50% of its value as the Federal Reserve pursued rapid rate hikes to contain inflation.

Higher interest rates boost returns on traditional assets like Treasury bonds, making them more appealing relative to volatile holdings such as cryptocurrencies. In these conditions, institutional capital often exits the crypto market in search of more stable yields.

Household behavior may also shift. Rising costs for essentials like fuel and food can limit discretionary spending. Retail investors, who represent a substantial portion of crypto participants, may reduce their exposure during inflationary stress, leading to lower trading volumes and muted price action.

Volatile inflation also complicates the use of crypto as a payment method. When purchasing power is uncertain, holders of Bitcoin and similar assets may prefer to save rather than spend, weakening their utility as mediums of exchange.

For crypto markets, inflation signals can push in both directions. Moderate inflation, paired with declining trust in fiat stability, often supports Bitcoin. Sudden spikes that trigger monetary tightening tend to reverse that effect.

What OBBBA adds to the equation is a larger scale and a more visible fiscal footprint — something investors, both in and outside of crypto, are now recalibrating for.

TRON’s on-chain activity is hitting record highs, with sustained growth in active addresses hinting at an upward shift in TRX market momentum.

According to a June 3 analysis by CryptoQuant contributor CryptoOnChain, the 50-day and 100-day moving averages for daily active addresses on the TRON (TRX) network have hit their historic highs. This sustained climb in user participation points to steady network expansion and ecosystem health, suggesting TRX may be building a base for further appreciation.

Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages“Historically, changes in active address trends tend to precede major price movements.” – By @CryptoOnchain pic.twitter.com/7QXqP6g1Gh

— CryptoQuant.com (@cryptoquant_com) June 4, 2025

Darkfost, another CryptoQuant contributor, echoed this expansion, pointing out that TRON is now averaging over 8 million daily transactions, a 30% rise from early February. This increase reflects activity taking place on-chain and is not confined to centralized exchange flows. 

This trend, according to Darkfost, indicates real usage and rising demand for TRON’s decentralized infrastructure, as appealing yields and services attract liquidity and new users.

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Despite the bullish fundamentals, the price performance of TRX has been relatively muted. Trading at $0.2726 as of press time, the token is up 1.2% for the day and about 10% for the previous month. TRX is still roughly 36% below its December 2024 peak of $0.4313 even though these gains suggest a gradual recovery.

On the technical side, TRX paints a mixed picture. The token is trading close to the upper band of its daily Bollinger channel, indicating increased volatility and a potential breakout attempt. Most short- and long-term moving averages are supporting the uptrend, with the 20- and 50-day EMAs both below the current price.

Tron price analysis. Credit: crypto.news

However, oscillators are primarily neutral or slightly bearish, pointing to a possible short-term slowdown or consolidation phase. The relative strength index is at 56, well outside of overbought territory, while the Momentum and MACD readings show a slight waning of upward pressure

If the immediate resistance level at $0.278 is broken, it could open the door for more upward movement and possibly bring $0.30 into view. On the other hand, a drop below $0.264 would expose TRX to a deeper retracement, with $0.25 acting as a critical support level.

Read more: Tron’s USDT dominance recovers, with 50% of the stablecoin on the chain

Hong Kong’s financial regulators move to expand the city’s digital asset scene with fresh trading options for qualified investors.

The secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui Ching-yu, has reportedly announced regulatory plans by the Securities and Futures Commission (SFC) to introduce virtual asset derivatives trading for professional investors within the region.

According to local reports, the move is aimed at enriching offering options for investors within the local market. Coming on the heels of the commission’s April greenlight for licensed crypto firms to provide staking services, the decision is a part of the city’s goal to diversify the range of virtual asset products and services available to various investor groups.

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Robust risk management measures will be set in place to ensure transparency and investor protection, and the derivatives will support experienced investors in employing hedging and leveraging strategies.

Hong Kong’s latest move echoes its larger long-term strategy to establish itself as a leading digital asset hub, prompting a range of initiatives to strengthen its position in the global financial market. Regulatory watchdogs in the region are also tightening operational standards in this regard, adopting protective measures from stablecoin bills to mandatory registrations of service providers to ensure investor protection.

Local interest in digital assets is also fast growing within the region. A March 2025 survey showed that a growing number of qualified adults in the region are interested in cryptocurrency investments and regulated digital asset exchange platforms.

The Hong Kong government has often reiterated its commitment to advancing its digital asset sector through expansion initiatives, as well as the implementation of regulatory measures for investors and service providers alike.

Read more: Survey shows 70% of Hong Kong investors turn to digital banks to trade crypto

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Oman’s entry into crypto sparks new interest in cloud mining as digital assets gain global momentum.

Table of Contents

What is cloud mining? 

What is WinnerMining?

How to join WinnerMining? 

How much potential profit does WinnerMining have? 

With the rapid development of the global digital economy, cryptocurrencies have become an attractive investment option. Against this backdrop, Oman recently announced that it will invest a huge amount to enter the cryptocurrency market, a move that has attracted widespread attention in the cloud mining industry. 

What is cloud mining? 

Among cryptocurrencies, the most representative is Bitcoin (BTC), which has always been the leader among  tokens. BTC is obtained through mining. Cloud mining is a new type of crypto mining. Cloud mining is a mining method that does not require users to personally purchase, install, or maintain mining equipment (such as mining machines).

Users only need to rent or purchase computing power from remote mines through the internet to participate in cryptocurrency mining and gain benefits. In this era of encryption, it is important to choose a good cloud mining platform, for example: WinnerMining.

What is WinnerMining?

WinnerMining is a cryptocurrency cloud mining company established and operated in 2021 under the supervision of UK Financial Licensing. The platform has a simple, user-friendly, and easy-to-use interface, 24-hour team service, and timely payment. Whether users are novices or professional miners, whether they have mining knowledge or not, people can easily operate the platform. 

How to join WinnerMining? 

It only takes 1 minute to join: Click to download the APP. 

Step 1: Visit WinnerMining official website and click to register. 

Step 2: Follow the steps on the registration page to set up an account.

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How much potential profit does WinnerMining have? 

The steps to obtain potential profit in WinnerMining are also very simple. (Users can utilize the profit calculator to check the profit details first).

The following shows the potential profit distribution of different contracts. 

Free mining (sign-in): $15 purchase once a day, earn 4% ($0.6) per day. 

Novice contract: $100 purchase limit per account, earn 3% per day (total profit $6).

Free contract: $500-$3000 unlimited purchase, daily profit from 1.20%-1.30% ($6-$40).

White-collar contract: $5000-$30000 unlimited purchase, daily profit from 1.35%-1.60% ($67-$480). 

Investor contract: $100000-$500000 unlimited purchase, daily profit from 1.75%-2.00% ($1750- $10000). 

More details can be viewed on the WinnerMining official website.

Looking ahead, Oman’s cryptocurrency mining project is expected to bring new opportunities for its economic development. As the world’s attention to digital assets continues to increase, Oman has the potential to become a cryptocurrency “desert oasis” in the Middle East. Through continuous optimization, Oman will not only attract more investment but also promote the transformation and upgrading of its economy. 

In summary, Oman’s investment in the cryptocurrency industry reflects its forward-looking thinking in the development of the global digital economy. In the future, as the global digital economy continues to develop, cloud mining will bring rich returns to cryptocurrency enthusiasts in the Middle East and around the world. 

To learn more, visit the WinnerMining website.

Read more: WinnerMining launches efficient cloud mining amid 2025 Bitcoin Conference

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Ripple has secured a major regulatory win as its stablecoin RLUSD gains official approval for use inside Dubai’s prestigious financial free zone.

According to a June 3 press release, Ripple’s U.S.-regulated stablecoin RLUSD has received official approval from the Dubai Financial Services Authority for use within the Dubai International Financial Centre. With this approval, RLUSD has become one of the few stablecoins globally to be approved by both the DFSA and the New York Department of Financial Services.

RLUSD is backed 1:1 by segregated reserves and high-quality liquid assets. The stablecoin has undergone frequent third-party audits and it is designed for enterprise use. Because of this, it is especially appealing to institutional users looking for stable and compliant cross-border blockchain-based payments.

“The DFSA’s approval of RLUSD is proof of our commitment to building a stablecoin that meets the highest standards of trust, transparency, and utility.”

— Jack McDonald, Ripple’s Senior Vice President of Stablecoins

With approval from Dubai’s financial regulator, Ripple can now integrate RLUSD into its DFSA-licensed payments platform, which uses the XRP Ledger to connect a global payout network. RLUSD provides key benefits like cheaper payment costs, faster settlement times, and regulatory clarity.

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The DIFC, which is home to nearly 7,000 firms, will support RLUSD across various licensed virtual asset services. Stablecoin usage in the UAE rose 55% year-over-year in 2024, indicating strong institutional demand for blockchain-based payment rails.

“The UAE continues to set a global benchmark for forward-thinking digital asset regulation and innovation,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. “We’re seeing huge interest from businesses for cross-border payments and digital asset custody solutions.”

The DFSA approval marks the latest milestone in Ripple’s regional expansion. Recent partnerships with Zand Bank and fintech firm Mamo are already leveraging Ripple’s regulated payment rails. To tokenize property deeds on the XRP Ledger, Ripple is also working with the Dubai Land Department and Ctrl Alt.

RLUSD was introduced in December 2024 and is available on XRPL and Ethereum (ETH). Its utility has grown quickly, with plans to be integrated into Cardano’s (ADA) decentralized finance ecosystem and act as collateral on Hidden Road’s institutional platform, which clears more than $3 trillion a year, 

Read more: Ripple urges SEC clarity on digital asset and investment contract separation

Monero price rose for three consecutive days as investors bought the dip following last week’s crash. 

Monero (XMR) climbed to $365, its highest point since May 28, and now sits 16% above its lowest level from last week.

The rebound happened even as Bitcoin (BTC) and other cryptocurrencies wavered. It happened as the demand for privacy coins like Horizen (ZEN) and Zcash (ZEC) jumped. 

On-chain data shows that Monero’s exchange outflows surged to $8.9 million last week—the largest jump this year. Exchange outflows typically indicate that investors are moving tokens into self-custody, a potentially bullish signal.

Monero’s funding rate has remained positive since May 15, suggesting that traders expect future prices to be higher than the current spot price. A positive funding rate is often viewed as a bullish catalyst, as crypto.news reported.

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Monero token has been in a strong bullish trend in the past few months after spending three years in a consolidation phase. This rebound happened after a US court ruled against the Treasury Department for sanctioning Tornado Cash, a crypto mixer. The department was then forced to remove sanctions earlier this year.

XMR’s momentum further accelerated after hackers reportedly used the coin to move over $300 million in suspected stolen funds. Monero is considered ideal for illicit transactions due to its privacy-enhancing features, including ring signatures, stealth addresses, and ring confidential transactions.

These technologies ensure transaction anonymity. For example, ring signatures obscure the sender by blending their signature with decoys, while stealth addresses generate a one-time address for each transaction, further masking recipient details.

Monero price technical analysis

XMR price chart | Source: crypto.news

The daily chart shows that XMR has been in a sustained bull run since February 2024, when it was trading at $100.90. The token remains above both the 50-day and 100-day Exponential Moving Averages.

It has rebounded to $366 from last week’s low of $312. The Relative Strength Index and the MACD have all pointed upwards. 

For the rally to continue, Monero must break above resistance at $420, its highest point this year. A successful move above this level would invalidate the double-top pattern, whose neckline sits at $312, and could signal a further rally toward $500. Conversely, a drop below the $312 support would invalidate the bullish outlook.

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The tokenized private credit market is quietly emerging as one of the fastest-growing sectors in real-world assets (RWA), with over $13.3 billion in assets under management.

Once the domain of institutions, private credit is now moving on-chain, driven by platforms like Figure and Tradable, and attracting backing from heavyweights like Apollo, BlackRock, and Franklin Templeton.

As asset managers race to bring traditionally illiquid debt markets onto blockchain rails, tokenization is reshaping how credit is accessed, managed, and traded—offering both retail and institutional investors a new gateway into the $3 trillion private credit universe.

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Figure and Tradable

Figure, a company that has received investment from Morgan Creek Capital, Apollo, and Ribbit Capital, has over $12 billion in assets. It also runs a marketplace for Home Equity Line of Credit (HELOC) and helps clients borrow against their homes. 

Tradable is the second-biggest player in the tokenized private credit industry. It boasts over $1.8 billion in on-chain assets. Backed by Parafi, Matter Labs, and Victory Park Capital, Tradable helps asset managers to tokenize their assets. 

Tradable also helps individuals to participate in the private credit industry that has long been reserved to institutions. Other top players in the tokenized private credit industry are Maple (SYRUP), Pact, Mercado Bitcoin, and Centrifuge (CFG).

Tokenizaed Private credit assets | Source: RWA

Large companies in the private equity industry are getting interested in the tokenized private credit sector. Apollo Global, which has over $641 billion in private credit assets, has already launched the Apollo Diversified Credit Securitize Fund or ACRED in January. 

Similarly, companies like VanEck, Franklin Templeton, and BlackRock have all launched tokenized assets. BlackRock’s BUIDL has crossed over $3 billion in assets, while Franklin Templeton’s FOBXX fund has over $706 million in assets.

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Private credit industry is growing

The private credit industry is one of the fastest-growing areas in finance. A report by the Alternative Investment Management Association estimated that the market crossed the $3 trillion asset, a figure that is continuing to grow.

The sector has grown mostly in the United States where many companies have turned to private credit specialists for financing. These firms are seeking to diversify their borrowing away from banks. 

Subsequently, some of the biggest banks have launched their private credit funds. Goldman Sachs created the Capital Solutions Group, a business that will provide direct lending solutions. Most recently, State Street partnered with Apolo to launch a new private credit solution.

Tokenized private credit is one of the fastest-growing areas in the RWA industry, which collectively holds $23.10 billion in assets. Over 113,350 investors hold RWA assets.

The other top fields in the RWA industry are stablecoins, US Treasuries, commodities, and institutional funds. Tokenized stocks could be the next big thing after Kraken tokenized over 50 stocks in May. 

Read more: Plume secures investment from Apollo for RWA infrastructure

Quant rallied in May as demand for coins in the real-world asset tokenizing industry rose. It also jumped as the supply of tokens on exchanges fell, signaling reduced selling. 

Quant (QNT) price jumped to a high of $119.67 in May, up 101% from its lowest point in April. This surge brought its market cap to over $1.2 billion.

At last check on Sunday, the token’s price hovered at around $110.35. See below.

Source: CoinGecko

Quant’s surge accelerated after the European Central Bank selected it as a pioneer partner in its digital euro project. It was one of the 70 companies on the list, and its role will be to help secure the currency. 

The ECB partnership came a few months after it partnered with Oracle, one of the biggest companies globally. Quant’s technology is key in the Oracle Blockchain Platform Digital Assets Edition or OBP DA. 

Quant’s technology is helping Oracle enable interoperability and cross-ledger orchestration. It is doing this with its Overledger solution, which is a chain-agnostic solution that enables communication across various blockchains. 

Quant, like Chainlink (LINK), will likely play a big role in the evolving real-world asset industry. Data shows there are now $23 billion in tokenized assets, up from less than $50 million in 2020. This growth will continue, with analysts estimating that assets worth trillions will be tokenized in the next few years.

This growth likely explains why investors have reduced their QNT selling pressure. Santiment data shows that there are now 1.67 million QNT in centralized exchanges, down from 1.7 million in May.

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Quant price technical analysis

QNT price chart | Source: crypto.news

The daily chart shows that the QNT price has bounced back from a low of $59.24 in April to a high of $119.67 in May. As the 50-day and 200-day exponential moving averages have crossed each other, they have formed a golden cross pattern, which often leads to more gains.

Quant price has formed a cup-and-handle pattern, with the current retreat being part of the handle section. Therefore, the most likely scenario is for Quant price to bounce back and possibly hit the psychological point at $150. 

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