Welcome to your weekly dose of crypto roundup where we decode the biggest market moves, policy shifts, and token trends from June 2, 2025. Want this in your inbox every Monday? Subscribe now on CoinDCX.com/blog
Market Insights
It was a dramatic week across the crypto markets, dominated by global headlines from the Bitcoin Conference in Las Vegas, rising geopolitical tensions, and major corporate moves into Bitcoin.
Bitcoin Conference Buzz:
Over 30,000 attendees gathered in Las Vegas for BTC Inc.’s 6th Annual Bitcoin Conference. U.S. Vice President J.D. Vance addressed the crowd, calling Bitcoin a “strategic asset” for the next decade.
Corporate Treasury Shift:
- Block (formerly Square) enabled BTC + Lightning payments at merchant terminals across the U.S.
- Paris Saint-Germain, a Champions League-winning football club, announced a Bitcoin treasury.
- Pakistan to set up a strategic Bitcoin reserve and dedicate 2000 MW energy for mining.
- Trump Media & Technology Group raised $2.5B to build a Bitcoin treasury.
- GameStop purchased 4,710 BTC, worth ~$512 million, last Wednesday.
Price Action & Correction:
- Bitcoin fell below $104,000, triggering $600M in liquidations—the biggest drop since February.
- Broader macro jitters intensified after President Trump announced tariff hikes on Chinese steel/aluminum.
- Spot Bitcoin ETFs also recorded $358M in outflows, breaking a 10-day inflow streak.
Stablecoins in Spotlight
- Circle, issuer of USDC, filed for a U.S. IPO on the New York Stock Exchange, aiming for a $6.7B valuation.
- ARK Invest plans to buy $150M in shares.
- BlackRock also evaluating a 10% stake, per Bloomberg.
Token Performance Highlights
- TON: Fell sharply after Elon Musk denied a rumored xAI–Telegram partnership.
- HYPE: Emerged as the #1 DeFi perp platform, commanding 80% market share among DEXs.
- SOL: Gained traction after Sol Strategies filed a $1B prospectus to expand Solana exposure.
- LPT: Spiked 150%, helped by Upbit listing and AI sector inclusion by Grayscale.
- XRP: VivoPower launched a $121M XRP treasury strategy with Saudi backing.
- SUI: Community voted to recover $223M in stolen Cetus funds.
- LINK: Questions around Chainlink’s VWAP pricing after a $500K liquidation.
Read More: Crypto Price Prediction
Chart of the Week
Top 100 tokens since Bitcoin’s yearly low on April 8:
- BTC: +43%
- VIRTUAL: +463%
- WIF: +243%
- PENGU: +228%
- HYPE: +217%
- FARTCOIN: +166%
Memecoins made up nearly half of the top 15 performers!
source:coindesk
Major Crypto Developments
- Circle files for IPO on NYSE, targeting $6.7B valuation
- GameStop and Trump Media enter Bitcoin treasury race
- BitGo & Kraken begin $5B FTX user repayment
- Sui votes to recover stolen funds in $223M Cetus hack
- Paris Saint-Germain adopts Bitcoin treasury strategy
Follow the Money
- Trump Media: $2.32B offering to fund Bitcoin reserve
- GameStop: $512M BTC purchase
- BlackRock eyes 10% of Circle’s IPO
- Atticus, a stablecoin startup, nearing $2B valuation
- Dragonfly leads $36M funding in cross-border startup Conduit
- Sonar, Cobie’s ICO platform, seeks $50M raise at $500M valuation
Regulatory Landscape
- SEC drops Binance lawsuit
- U.S. Republicans propose crypto market structure bill
- UK’s Nigel Farage pledges national Bitcoin reserve if elected
- Thailand blocks unlicensed exchanges like Bybit, OKX
- Russian central bank to permit crypto derivatives to qualified investors
What to Watch Next Week
📌 U.S. Payroll & Jobs Data: June 5–6
📌 Circle IPO Pricing Details
📌 Bitcoin ETF Flows Update
Sources:
Data aggregated from Coingecko, DefiLlama, Galaxy Digital, DappRadar, The Block, CoinDesk, Decrypt
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