Summary
gm, Multiple European crypto exchanges secured MiCA licenses that enable them to operate across all 30 nations in the European Economic Area. Ripple announced it will drop its cross-appeal against the SEC, effectively ending its nearly five-year legal battle and causing XRP to surge over 3%. Meanwhile, tokenization continues to gain momentum with Gemini launching tokenized versions of Strategy (MSTR) stock for EU investors and Aptos becoming the third-largest blockchain for real-world asset tokenization, experiencing a 57% increase in on-chain assets over the past month. Additionally, Robinhood expanded its crypto derivatives offerings with new micro futures contracts for Bitcoin, Solana, and XRP, enhancing accessibility for traders with lower capital requirements.

News Headlines
🔄 EUR-Based Stablecoins Gaining Momentum as Dollar Weakens

  • The declining U.S. dollar amid market volatility has investors seeking alternatives, potentially leading to a significant rise in EUR-based stablecoins by 2028. This shift is largely attributed to unpredictable policies under the Trump administration that have weakened the dollar.
  • The EU's MiCA regulatory framework provides a favorable environment for crypto issuers, contrasting with the U.S.'s more precarious stance, which could boost the presence of euro-pegged stablecoins in the global market.

📈 Polymarket's Growth Drives Major Demand for Stablecoins

  • All trades on Polymarket settle in USDC on the Polygon network, creating significant demand for this stablecoin. In May 2025 alone, the platform processed over $1 billion in trading volume, with daily active traders ranging from 20,000 to 30,000.
  • Following Trump's re-election in November 2024, monthly trading volume surged to $2.5 billion, leading to increased USDC transfers and demonstrating how stablecoins now support real-time market infrastructure.

🏦 Trump's World Liberty Financial Partners with London Hedge Fund

  • Trump's World Liberty Financial (WLFI) has partnered with London hedge fund Re7 to introduce a USD1 stablecoin vault through Euler Finance and Lista, enhancing WLFI's stablecoin presence on the BNB Chain.
  • The platform continues to attract institutional investments, with recent participation from DWF Labs providing liquidity and Aqua1 Foundation citing WLFI's use cases as transformative for global finance, despite ongoing scrutiny regarding Trump's family crypto investments.

💼 How Tokenization's "Superpowers" Could Transform Financial Access

  • At the Permissionless conference, CoinFund's Christopher Perkins described tokenization as having "superpowers," including instant settlement and 24/7 access to capital formation, anticipating increased demand for yield from stablecoin users.
  • An S&P Global report outlined three phases of tokenization adoption: cross-border payments (2025-2028), enhanced credit availability (2027-2033), and potentially AI-controlled transactions between wallets (2031-2035), which could significantly disrupt capital markets.

⚖️ Strategy Faces Multiple Class Action Lawsuits While Coinbase Hits All-Time High

  • Bitcoin treasury firm Strategy is facing several copycat class action lawsuits from at least five different law firms, all accusing the company of misrepresenting risks associated with its BTC buying strategy.
  • Meanwhile, Coinbase achieved a new all-time closing price of $375.07 as it prepares to launch U.S.-regulated perpetual-style futures for Bitcoin and Ethereum next month, with analysts setting price targets as high as $510.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
💵 Trump Claims Bitcoin Reduces Pressure on US Dollar

  • President Trump praised Bitcoin during a press conference, stating it alleviates pressure on the US dollar and benefits the country's economy.
  • Trump highlighted Bitcoin's job creation potential and increasing acceptance as a payment method in various sectors.

💳 Crypto Cards Gaining Ground for Small Payments in Europe

  • Crypto-linked cards are outpacing traditional banks for micro-payments in Europe, with 45% of transactions totaling under €10 ($11.70).
  • Users of crypto cards conduct 40% of their transactions online, nearly double the eurozone average of 21%, showing accelerated adoption of digital payment methods.

🚨 Rogue Police Damaging Bitcoin ATMs, Claims Bitcoin Depot

  • Bitcoin Depot's Chief Legal Officer alleges some U.S. law enforcement officials are unlawfully damaging Bitcoin ATMs and seizing cash that belongs to the company.
  • Police reportedly prioritize returning funds to alleged scam victims without recognizing that the cash in ATMs is legally owned by Bitcoin Depot.

🏙️ NYC Mayoral Race Becomes Crypto Battleground

  • Democratic candidate Zohran Mamdani's primary victory has alarmed crypto industry leaders due to his criticism of cryptocurrency initiatives.
  • Prominent figures including Gemini's Cameron Winklevoss and hedge fund manager Bill Ackman have expressed opposition to Mamdani.

🧠 Vitalik Buterin Proposes "Pluralistic Identity" Framework

  • Ethereum co-founder Vitalik Buterin introduced a new digital identity concept aimed at balancing privacy protection with fair participation in digital spaces.
  • The proposal advocates for decentralized identity issuance through multiple providers, helping individuals maintain pseudonymity while still verifying their identity when needed.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The currency is moving within a rectangle formation between support at 100774 and resistance at 108003. A decisive break through one of these levels indicates the new direction for the currency. The currency is approaching resistance at 110000 points, which may give a negative reaction. However, a break upwards through 110000 points will be a positive signal. The currency is overall assessed as technically slightly negative for the short term.

Ethereum - Investors have accepted lower prices over time to get out of Ethereum and the currency is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Ethereum. The currency is approaching resistance at 2490 points, which may give a negative reaction. However, a break upwards through 2490 points will be a positive signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal of a coming trend break. The currency is overall assessed as technically slightly negative for the short term.