Despite ongoing regulatory maneuvering and geopolitical pressures, the crypto market continues to demonstrate institutional confidence and technological advancement. Strong inflows into U.S. spot crypto ETFs, even amid declining asset prices, highlight investor conviction, while developments such as Pantera’s treasury-focused investments, Base’s transaction surge, and Bybit’s regulatory expansion in Europe underscore industry resilience and strategic adaptation. Meanwhile, regulatory and innovation headlines—from India’s policy push and the U.S. SEC dropping its Binance lawsuit to Kazakhstan’s CryptoCity pilot and new stablecoin initiatives—signal a maturing market landscape that is increasingly integrating with traditional finance and global policy agendas, fueling cautious optimism and long-term growth prospects.
U.S.-listed spot crypto exchange-traded funds (ETFs) experienced strong net inflows on Wednesday, according to JPMorgan. Both ether (ETH) and bitcoin (BTC) products attracted continued investor interest, even as the prices of the underlying assets declined.
Crypto investment firm Pantera Capital announced it has made concentrated investments in a group of publicly-traded companies that have adopted a "digital asset treasury" strategy, holding significant reserves of digital assets.
Base has returned to processing 10 million daily transactions, reinforcing its position as a leading Layer 2 network. Coinbase's significant investments in developer infrastructure and tooling have contributed to a more accessible environment for projects building on Layer 2 technology.
Kazakhstan's President Kassym-Jomart Tokayev has announced plans to launch a pilot zone called "CryptoCity" in Alatau, where cryptocurrencies can be used for payments, services, real estate transactions, and investment activities. The initiative aims to establish a regulatory sandbox for digital assets and advance the country's digital finance agenda. The announcement was made during the Astana International Forum 2025.
Ledger has announced that its CL Card, developed in partnership with Baanx Group, will soon be available to residents in the United States.
Forgd has introduced a streamlined approach to issuing tokens, aiming to simplify and systematize the token launch process for crypto protocols.
Donut Labs, a New York-based artificial intelligence project, has raised $7 million in pre-seed funding to develop its Solana-based agentic crypto browser. The funding round was led by Sequoia, Bitkraft, and HackVC, with participation from angel investors including Solana and other ecosystem leaders such as Matrix Partners, Sky9 Ventures, Makers Fund, and SonicSVM. The browser aims to help users interact with blockchain applications using AI agents and will feature a native cryptocurrency wallet, decentralized exchange integration, decentralized network access, and onchain execution.
Matador Technologies, a Toronto-based digital asset company, has signed a binding letter of intent to invest up to $3.2 million in HODL Systems, a publicly listed Indian firm that incorporates cryptocurrency into its treasury strategy. If the investment is fully executed, Matador could acquire up to a 24.95% ownership stake in HODL Systems.
Dubai-based crypto exchange Fastex is expanding its presence in the United States by establishing a new office in Los Angeles, California.
Tokenization platform BPX Exchange was added to the U.K.'s crypto register on Thursday, becoming the first new addition since April and only the third this year, according to the Financial Conduct Authority's (FCA) website.
Vaulta, previously known as EOS Network, and its digital banking platform have formed a partnership with Fosun Wealth Holdings to introduce blockchain infrastructure to Hong Kong's financial sector, according to statements from the companies.
Nudge is developing a Web3 advertising platform designed to address the longstanding challenge of incentivizing genuine users, capital, and liquidity in the crypto space. Traditional methods like airdrops have generated initial interest for many protocols but have struggled with sustainability, frequently attracting users who lack long-term alignment with project objectives. Nudge's approach seeks to create more effective and lasting incentive structures, drawing comparisons to the impact of Google Ads in the traditional web ecosystem.
Flipster has introduced a cryptocurrency trading platform aimed at providing traders with advantages such as zero fees, tight spreads, real rewards, and fast execution, addressing the demand for exchanges that offer more than just market access.
Coinbase has formed a partnership with digital platform security firm Irdeto to address piracy and cybercrime that are financed through cryptocurrency.
Bybit, the world's second-largest crypto exchange by trading volume, has received a Markets in Crypto-Assets Regulation (MiCA) license from Austria's Financial Market Authority (FMA). This regulatory approval allows Bybit to operate as a compliant crypto asset service provider and passport its services across all 29 European Economic Area (EEA) member states. As part of its European expansion, Bybit has established its regional headquarters in Vienna and announced plans to hire over 100 specialists to support its growth in the region.
Santander is exploring the possibility of issuing its own stablecoin and offering retail crypto services, aligning with a broader trend among banks to develop private stablecoins.
Stablecoin payment volume has reached $94 billion, fueled by a rise in business-to-business transfers and increased use of card-linked stablecoin payments. Tether's USDt has emerged as the dominant stablecoin in this expanding market.
Thailand's Securities and Exchange Commission will block access to five unlicensed cryptocurrency exchanges—Bybit, 1000X, CoinEx, OKX, and XT—starting June 28, as part of a crackdown aimed at curbing money laundering and protecting investors.
The Bank of Russia has officially permitted financial institutions to offer crypto-linked financial instruments, including derivatives, tokenized securities, and other digital assets tied to cryptocurrency prices, to qualified or accredited investors. Announced on May 28, the central bank emphasized that these products must be non-deliverable and cannot involve the actual delivery or custody of cryptocurrencies.
Robert Hines, Executive Director of the President's Council of Advisors for Digital Assets at the White House, spoke at Consensus 2025 with CoinDesk's Jesse Hamilton about the progress and future of U.S. digital assets regulation. Hines discussed his entry into the crypto sector, the responsibilities of his office, and emphasized the administration's commitment to positioning the U.S. as a global leader in cryptocurrency.
The U.S. Securities and Exchange Commission has voluntarily dismissed its long-running lawsuit against Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao, according to a joint court filing on Thursday. The move brings an end to one of the last major crypto enforcement actions by the agency, following nearly two years of legal proceedings. No explanation for the dismissal was provided in the court documents.
India is set to release a comprehensive crypto asset regulation discussion paper in June, influenced by IMF and FSB guidance, marking a significant policy shift amid global momentum for digital currencies. Simultaneously, the Reserve Bank of India will expand digital rupee pilots for both retail and wholesale CBDCs, introducing programmability, offline features, and cross-border payment tests with 18 countries to facilitate trade and reduce US dollar reliance. Challenges remain, including low public awareness and infrastructure issues. Meanwhile, US lawmakers have introduced the bipartisan Digital Asset Market Clarity Act, a 249-page bill that would clarify regulatory oversight by placing most cryptocurrencies under the CFTC and defining key terms for the industry.
Fabian Dori, Chief Investment Officer at Sygnum Bank, examines the broader significance of crypto beyond its role as an asset class and highlights the ongoing institutional adoption of decentralized finance, according to today's Crypto for Advisors.
Digital assets demonstrate a built-in optimism that enables them to withstand global shocks and policy changes more effectively than traditional markets, consistently showing greater emotional resilience.
OKX Chief Commercial Officer Lennix Lai discussed the company's $30 trillion projection for blockchain, developed with Blockworks Research. The report indicates that blockchain technology is gaining traction in some sectors, though adoption gaps remain.
A Harris poll funded by crypto conglomerate DCG found that many Americans are sympathetic to decentralized artificial intelligence and remain skeptical of Big Tech companies, particularly regarding data sovereignty and information bias.
A US stablecoin bill, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, is awaiting a full Senate vote and could reinforce the US dollar’s dominance in the digital asset economy. The legislation would establish clear rules for stablecoin collateralization and require compliance with Anti-Money Laundering laws. According to a May 29 report by Foresight Ventures, the bill’s passage could solidify the dollar’s leading position in the Web3 economy.
The U.S. Treasury Department has imposed sanctions on Funnull Technology, a Philippines-based internet infrastructure provider, and its administrator for allegedly enabling global virtual currency investment scams known as "pig butchering." According to officials, the company aided fraud schemes that resulted in approximately $200 million in crypto scam losses.
Two Russian entrepreneurs operating a cryptocurrency business in Buenos Aires were kidnapped and held for ransom. The kidnappers demanded and received approximately $43,000 in cryptocurrency before releasing the couple. After the ransom was paid, the criminals fled to the United Arab Emirates, prompting an international manhunt.
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