🗞️ Need to catch up on the news? Here's our top 10 from today:
🔸 JPMorgan: "Crypto is emerging as a tradable macro asset class."
🔹 Acting CFTC Chair Caroline D. Pham seeks CEO nominations for its Innovation Council to tackle crypto and prediction market regulation.
🔸 U.S. Bank is testing custom stablecoin issuance on the Stellar network in collaboration with PwC and the Stellar Development Foundation.
🔹 Kevin Hassett, Trump’s top economic adviser and a strong supporter of sharp rate cuts, is now seen as the frontrunner for the next Fed chair.
🔸 Polymarket secured CFTC approval for an amended designation, opening the door to intermediated U.S. market access.
🔹 Texas has become the first U.S. state to purchase Bitcoin, investing $10 million into its new Strategic Reserve.
🔸 Kraken launches the Krak Mastercard debit app in the UK/EU with real-time multi-asset spending and IBAN salary deposits.
🔹 UAE has enacted Federal Decree No. 6 of 2025, placing DeFi, Web3, stablecoin protocols, DEXs, and bridges under central bank oversight.
🔸 MetaPlanet announces a $130M raise collateralized by Bitcoin to expand its $BTC treasury.
🔹 SEC filings show VanEck has filed for a spot $BNB ETF, VBNB, to list on Nasdaq and hold $BNB directly.
Strategy has acquired 705 BTC for ~$75.1 million at ~$106,495 per bitcoin and has achieved BTC Yield of 16.9% YTD 2025. As of 6/1/2025, we hodl 580,955 $BTC acquired for ~$40.68 billion at ~$70,023 per bitcoin. $MSTR $STRK $STRF https://t.co/K4tex3qHrN
KULR has made its first Bitcoin purchase, acquiring 217.18 BTC for $21M as part of a strategy to establish BTC as a reserve asset. The company plans to invest 90% of its excess cash into Bitcoin, leading to a surge in shares to over $5! 💰
Bitcoin Technical Analysis: $97,384 price holds traders in suspense. 📊 Will $100K break or $92K fail? 🔥
- Key support at $92K; breaking below could mean $88K.
- Resistance at $99.5K keeps bulls in check.
- Mixed signals from indicators show indecision in the market.
🇺🇸ERIC TRUMP on President-Elect Trump:
- Donald Trump will be the “crypto president”
- US will be the global “crypto capital”
- #Bitcoin will hit $1 million