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The U.S. House of Representatives voted to continue the first phase of Ilon Musk's DOGE cuts, slashing USAID, NPR and PBS by $9.3 billion. x
π€ Treasury Secretary Scott Bessent said dollar-linked stablecoins could reach $2 trillion or more, noting their high potential to strengthen the dollar's position in the global financial system. bloomberg
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π #SOL Defi Development is withdrawing its application for a $1 billion equity offering due to the lack of a required report on internal control over financial reporting. These funds could have been spent on the acquisition of SOL. sec
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ππ #NEAR Protocol has become the leading Layer-1 blockchain by monthly active users, reaching 46 million in May 2025.
Among all L1 networks, NEAR ranks second only to Solana in terms of active addresses.
Among all L1 networks, NEAR ranks second only to Solana in terms of active addresses.
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πΈ #BTC Over the past 24 hours, contracts worth ~$323.79 million have been liquidated, of which longs have liquidated ~$232.20 million and shorts ~$91.59 million.
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π¦πΊπΈ #BTC US Bancorp is exploring the use of stablecoins. cointelegraph
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π #IMX Immutable will launch steaming on Immutable zkEVM June 19, steaming on Immutable X will be completed.
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π° #BTC Mercurity Fintech Holding plans to raise $800 million to create a BTC treasury. coindesk
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ππ #ETH Yesterday, more than 140,000 ETH, worth roughly $393 million, flowed out of exchanges, marking the largest single-day withdrawal in over a month.
π§π·π Brazilβs Strategic Bitcoin Reserve Bill passes first committee, pushing the country closer to holding #BTC as part of its national reserves.
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ππ°πΈπ¬ Ant International plans to obtain licenses to issue stablcoins in Hong Kong and Singapore. coindesk
π #ETH futures open interest (cash-margined) just hit a new all-time high - topping $20B. Despite a slight pullback from the $2.8K levels, leverage continues to build as traders load up using stablecoins.
πΈπΎπ #BNB Binance officially announced that following the suspension of US sanctions, Syria is no longer classified as a "prohibited country". The platform is now fully open to residents of Syria.