The crypto market saw mixed results today. While some coins are pushing higher on stronger interest and price action, others are falling after losing key levels.

On CoinMarketCap, Celestia (TIA), Maple Finance (MPL), and Arbitrum (ARB) are leading the gainers. Meanwhile, JasmyCoin (JASMY), Algorand (ALGO), and Fartcoin (FARTCOIN) top the list of losers.

Top Crypto Gainers

Celestia (TIA)

TIA is up by over 6%, now trading around $1.44. The token recently bounced off a major support zone near $1.30. Some traders see this as a healthy recovery and say the chart now shows signs of a short-term uptrend. The project continues to get attention for its modular blockchain setup, which makes it easier for developers to build.

Maple Finance (MPL)

MPL gained about 4% and is now close to $0.55. The move comes after a steady rise in user interest over the past few weeks. Market watchers link this to growth in the platform’s lending activity. The price has also stayed above a key moving average, which may be adding to the momentum.

Arbitrum (ARB)

ARB is trading at $0.34 after a 4% rise. It moved up following Robinhood’s announcement about tokenised stock trading in Europe using the Arbitrum network. Robinhood said it’s now offering “24/7 access to tokenised U.S. stocks” on ARB, and that gave the token a small push.

Top Crypto Losers

JasmyCoin (JASMY)

JASMY has dropped by over 7% and sits at $0.012. The coin had a decent run earlier in June, but with no new news or updates, traders are now taking profits. It also lost a key support level on the chart.

Algorand (ALGO)

ALGO is down 6.8% to $0.173. The project hasn’t had much to say lately, and the price is struggling to stay above $0.18. There’s not much volume either, which shows low interest for now.

Fartcoin (FARTCOIN)

FARTCOIN is down nearly 6% to $1.06. After its meme-fuelled run last month, it’s been dropping slowly. The fun seems to be wearing off for now.

Also Read: Coinbase Acquires Token Manager Liquifi, COIN Stock Jumps

The ongoing legal conflict between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has taken another turn. The XRP Army’s attention is now shifting to a closed-door SEC meeting scheduled for Thursday, July 3 at 2 p.m. ET. While some in the crypto community speculate that this session could mark a pivotal moment in the case, others are urging caution, noting that such meetings are routine.

Will Ripple vs. SEC Case End On July 3?

A user posting under the alias RippleRadar stoked speculation on social media platform X. They wrote, “Ripple Legal Drama: Could July 3 Mark the Final Chapter? The SEC has a private meeting set for July 3 at 2PM ET to review potential case closures — fueling buzz they might drop the Ripple case.”

However, former SEC attorney Marc Fagel quickly dismissed the excitement. He said, “In other words, the meeting they hold every Thursday is being held Thursday. Tells us nothing about Ripple timing. Sorry.”

The SEC holds closed meetings each Thursday to discuss litigation and enforcement matters, but the contents of those sessions are confidential. Fagel added further clarification in response to suggestions that the Commission could fast-track a decision via a remote call.

He added, “Yeah, that’s not how it works. If they’re going to meet, they do it at the Thursday closed meeting. They have other ways to approve enforcement recommendations outside the usual meetings, which is possible here, but the public isn’t privy to this so it’s all speculation.”

These developments come amid Ripple Labs’ latest move to de-escalate the years-long courtroom battle. Ripple CEO Brad Garlinghouse confirmed that the company has formally chosen to withdraw its cross-appeal in the lawsuit over XRP’s status as a security.

“We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value,” Garlinghouse stated via X. He added that the SEC is also expected to drop its appeal, which they had earlier signaled.

Meanwhile, the announcement follows a critical court ruling issued by the U.S. District Judge Analisa Torres on June 26. Judge Torres denied the SEC’s motion to revise financial penalties previously imposed on Ripple and rejected its request to eliminate an injunction mandating compliance with securities laws going forward.

Now, with both sides showing signs of stepping away from prolonged litigation, speculation continues to swirl about whether the July 3 SEC meeting will contain any definitive resolution. Thus, observers await formal action or silence from the agency.

Also Read: Ex-SEC Lawyer Reveals Why XRP Case Wasn’t Dropped

Ripple Labs is stepping back from its legal counteroffensive against the U.S. Securities and Exchange Commission (SEC). Today, Ripple CEO Brad Garlinghouse confirmed plans to drop its cross appeal in the long-running XRP lawsuit.

Ripple to Drop SEC Cross Appeal Soon

Garlinghouse made the announcement on X, stating: “Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in.”

Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as they’ve previously said. We’re closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value. Lock in. https://t.co/ZsRgDfcpLh

— Brad Garlinghouse (@bgarlinghouse) June 27, 2025

The development follows a decisive court ruling on Thursday, June 26, when U.S. District Judge Analisa Torres dismissed the SEC’s request. The motion sought to reduce sanctions previously levied against Ripple and to lift an injunction requiring future compliance with securities laws.

In its motion, the SEC had requested two key changes: first, that the court remove the permanent injunction mandating Ripple’s adherence to federal securities law. Second, that the financial penalties imposed on the firm be significantly reduced by more than 50%. Judge Torres denied the request in a brief but direct order, writing simply: “The request is DENIED.”

The ongoing litigation, initiated by the SEC in December 2020, has centered on Ripple’s sale of XRP. Regulators accused the blockchain company of offering XRP as an unregistered security, thereby violating U.S. securities law. At the time, the SEC claimed that the absence of registration deprived potential investors of critical disclosures related to XRP and Ripple’s operations.

According to previous court filings, the commission maintained that investors “were deprived of information about XRP and Ripple’s business that would allow them to make informed investment decisions.”

After nearly three years of legal wrangling, Judge Torres issued a partial summary judgment in July 2023. That decision concluded that the sale of XRP by Ripple to institutional customers was considered unregistered transactions on securities. Sales to the general people, however, under exchanges were not considered as such.

In March 2024, the SEC moved to a final ruling the following month and sought an injunction to permanently prohibit Ripple against further violations of the securities laws and also wanted the court to order the company to pay a stiff monetary award. Now that Ripple has cleared the air that it is removing its cross appeal, and the SEC is expected to follow suit, the legal tussle appears to be getting to an end.

Also Read: XRP Price Dips After Judge Torres Rejects Ripple SEC Motion, Will it Crash?

In the ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, U.S. District Judge Analisa Torres has officially denied the SEC’s latest motion. She has rejected the agency’s request for an indicative ruling that sought to dissolve a prior court order and reduce financial penalties against Ripple.

Judge Analisa Torres’ Ruling on Ripple SEC Motion

The SEC had asked the court to “(1) ‘dissolve’ the Court’s permanent injunction ordering Ripple to obey the law, and (2) cut the monetary penalty imposed against Ripple by more than half.” Judge Torres, however, denied the motion, stating plainly in her order: “The request is DENIED.”

🚨JUST IN: Judge Torres has denied @Ripple and the @SECGov joint motion for an indicative ruling. pic.twitter.com/iPzD4aMG1H

— Eleanor Terrett (@EleanorTerrett) June 26, 2025

The ruling, filed on June 26, 2025, marks another turn in the high-profile case that has garnered international attention from both legal experts and the crypto industry. The case traces back to December 2020 when the SEC sued Ripple. At the time, the agency alleged that the company had unlawfully offered and sold XRP as an unregistered security, thereby violating Section 5 of the Securities Act of 1933.

According to court documents, the SEC argued that Ripple’s failure to register XRP offerings meant that “investors were deprived of information about XRP and Ripple’s business that would allow them to make informed investment decisions.”

In July 2023, Judge Torres issued a partial summary judgment ruling, finding that Ripple had indeed offered XRP as a security to institutional buyers without proper registration. “This was the Court’s Summary Judgment Order,” the document noted. Subsequently, in March 2024, the SEC sought a final resolution, asking the court to permanently enjoin Ripple from future violations and to impose a significant monetary penalty.

However, with this week’s ruling, Judge Torres has decisively pushed back. “For the foregoing reasons, the parties’ motion for an indicative ruling is DENIED,” she wrote in the conclusion of her order. It added, “The Clerk of Court is respectfully directed to terminate the motion at ECF No. 987.”

The denial represents a legal setback for the SEC, though the broader case remains ongoing, with key issues still unresolved regarding remedies and future regulatory oversight of digital assets. For now, Ripple has secured another procedural win in its multi-year battle with the U.S. securities regulator.

Also Read: Ripple’s XRP Gears Up For 1 Billion Token Unlock, What’s Next?

Cboe BZX Exchange, Inc. has filed the Form 19-b4 with the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the Canary PENGU ETF. It is a novel fund backed by a combination of PENGU memecoin and non-fungible tokens (NFTs). This indicates that Canary would eventually file the Form S-1 for its PENGU ETF.

Filed under BZX Rule 14.11(e)(4) governing Commodity-Based Trust Shares, the ETF would be sponsored by Canary Capital Group LLC and structured as a Delaware statutory trust. The trust will not be registered under the Investment Company Act of 1940 and is not classified as a commodity pool.

According to the filing, the ETF will hold PENGU, a utility token issued on the Solana network, and Pudgy Penguin NFTs, a well-known Ethereum-based NFT collection. The trust will also hold small amounts of SOL and ETH to facilitate network transaction fees and NFT purchases.

The filing states: “The Trust is expected to hold approximately 80-95% of its total assets in PENGU and 5-15% of its total assets in Pudgy Penguin NFTs.” At least 95% of total assets will be invested in those two assets under normal circumstances.

The PENGU token, introduced in December 2024 by Pudgy Penguins, is described as “a digital collector’s item” and a “utility token” that gives holders access to ecosystem services. “PENGU differs from native cryptocurrencies like bitcoin, ETH, and SOL as it doesn’t have its own underlying network or blockchain,” the document explains.

Regarding market manipulation risks, the exchange stated: “The geographically diverse and continuous nature of PENGU trading renders it difficult and prohibitively costly to manipulate the price of PENGU.” It adds that “manipulation of the price of PENGU on any single venue would require manipulation of the global PENGU price in order to be effective.”

Each share of the ETF will represent a fractional interest in the trust’s assets. The fund will issue and redeem shares only in creation units of 10,000 shares, settled exclusively in cash.“ Authorized participants will deliver only cash to create Shares and will receive only cash when redeeming Shares,” the filing specifies.

The net asset value (NAV) of the ETF will be calculated daily at 4:00 p.m. ET. Real-time intraday indicative values (IIVs) will be published every 15 seconds during trading hours. The trust’s website will provide public access to daily NAVs, historical data, and premium/discount information.

The filing further notes that the trust “will not engage in proof-of-stake validation” and “will disclaim any incidental rights received, such as forks or airdrops.” The ETF will not distribute Portfolio Digital Assets to shareholders.

Also Read: BlackRock Pushes SEC to Approve XRP ETFs Before July: Fact Check

Tesla CEO Elon Musk is rumored to pour billions into Ripple’s XRP. A new post by user CryptoGeek on X has reignited speculation as he suggested that the billionaire entrepreneur is set to invest a staggering $104 billion into XRP. The post even featured a screenshot of a news headline reading: “Elon Musk Joins Ripple Partnership, Injects $104B into XRP.”

Is Elon Musk Buying $104 Billion Worth of XRP?

According to the attached text in the image, the rumored partnership sees Musk recognizing XRP’s strengths. It particularly concerns the crypto’s “efficiency and non-security status.” Furthermore, Musk reportedly emphasizes collaboration with Ripple as a solution to “regulatory issues in the cryptocurrency ecosystem.”

This comes just weeks after an earlier claim, also posted by CryptoGeek, that Musk was preparing to spend $50 billion on XRP. That post, which spread rapidly among the so-called XRPArmy, boldly declared: “Elon Musk offers to buy XRP for $50 billion!! $600.37 per XRP.” The jaw-dropping price target only fueled further frenzy, though it lacked any credible sourcing or confirmation.

Now, the latest rumor suggests an even larger figure: $104 billion. Many believe the motivation could be linked to Musk’s ambitions for X, dubbed “The Everything App,” with speculation that XRP might serve as a core payment mechanism.

However, at the time of writing, it has not received official confirmation by Musk or any of the companies he is associated with or Ripple about such an investment or partnership. Even no major financial outlets or regulatory disclosure supported the claim. Since the crypto sphere can easily be influenced by hype and false information, these posts should be approached with caution.

Also, Musk’s involvement in crypto via Dogecoin (DOGE) has spurred such excitement. Nonetheless, despite the fact that XRP still remains one of the leaders in the sphere of blockchain payments, tying its future to Elon Musk without verification may be premature.

As with many viral crypto rumors, it’s advisable for investors and enthusiasts alike to verify facts before making conclusions. Until there’s confirmation from reliable sources, this $104 billion XRP investment remains purely speculative.

Also Read: XRP Futures ETF Booms as CME Reports $542M in Trading Volume

The U.S. Securities and Exchange Commission (SEC) has again extended the review period for Franklin Templeton’s spot XRP ETF and Solana ETF filings. While the XRP Army was expecting an approval on the June 17 deadline, the agency decided otherwise.

Now, the crypto community is also questioning whether the regulator would also delay decision on ProShares Solana and XRP ETF filings. According to an amended filing this month, ProShares sought the decision deadline to be June 25, which is a week away.

Currently, according to the filing, the SEC is encouraging the public to offer remarks on XRP and Solana ETF applications offered by Franklin Templeton and other issuers. The deadline for public comments and rebuttals is late July 2025, which suggests that these ETFs wouldn’t be approved until then.

However, the market is still expecting these ETFs to be approved in 2025. On Polymarket, the Solana ETF approval odds stand at 91%. Whilst, the chances of a spot XRP ETF launch are pegged at 89%.

Also Read: XRP Daily Users Jump 7x as Whale Wallets Hit Record High

In a recent turn of events in the ongoing legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), new speculations came to light. Legal experts indicate that Judge Analisa Torres may issue a decision within days, despite a recent request by the SEC to extend the abeyance of the appeal process. Hence, it’s safe to say that the case could end in June itself.

Will Ripple vs. SEC Lawsuit End in June?

The SEC has filed a status update with the U.S. Court of Appeals for the Second Circuit, requesting a further 60-day extension on holding the appeal and cross-appeal in abeyance. This move follows a prior agreement between both parties aimed at resolving the years-long lawsuit over the sale of XRP. However, this latest filing does not delay the ruling on the joint motion submitted to the district court earlier this month.

Pro-XRP attorney Bill Morgan clarified the implications of the SEC’s filing on social media platform X. He stated, “This doesn’t delay the decision on the joint motion filed last week until August. The SEC only sought to extend the period in which the appeal/cross-appeal are held in abeyance for a further 60 days.”

This doesn’t delay the decision on the joint motion filed last week until August. The SEC only sought to extend the period in which the appeal/cross-appeal are held in abeyance for a further 60 days. The decision of Judge Torres on the joint motion could be delivered in days https://t.co/sEZJcDUFSP

— bill morgan (@Belisarius2020) June 17, 2025

According to attorney James K. Filan, the SEC’s June 17 submission to the Second Circuit seeks to pause appellate proceedings while a motion under Federal Rule of Civil Procedure 60 remains pending. That motion calls for an indicative ruling by the district court to potentially alter or dissolve parts of the previous final judgment.

On June 12, Ripple and the SEC jointly renewed a request to lift the injunction included in the court’s Final Judgment and to partially reduce the civil penalty. The parties proposed releasing $50 million from the $125 million penalty amount currently held in escrow to the SEC, while the remaining funds would be returned to Ripple.

The motion argues that there are unusual circumstances that justify changing the existing judgment. Among them is an agreement between the sides, a shift in the attitude to crypto regulation by the SEC, and a mutual desire to prevent a lengthy process of a court struggle.

Sherrie, a legal analyst following the case, noted that the next procedural milestone hinges on Judge Torres’ decision on the joint motion. “Either we get an answer this Thursday or perhaps next week,” she commented.

The next official update of the appeals process will come on August 15 when the SEC is to submit another status report to the appellate court. Nevertheless, legal observers emphasize that the decision of the judge on the resolution of the motion at the district level can appear at any moment. As Bill Morgan emphasized, “The decision of Judge Torres on the joint motion could be delivered in days.”

Also Read: Judge Torres to Grant Ripple SEC Motion Today? Pro-XRP Lawyers Weigh In

Social media was set on fire this week with claims that Elon Musk is planning to buy $50 billion worth of XRP, Ripple’s native cryptocurrency. The rumor, which originated from an X user named CryptoGeek, also claimed that Musk expects XRP to reach an eye-popping value of $600.37 per coin.

“Elon Musk OFFERS to BUY XRP for $50 BILLION!! $600.37 per XRP,” read CryptoGeek’s viral post, which quickly gained traction among crypto enthusiasts, particularly within the ‘XRPArmy’.

🚨BREAKING: Elon musk OFFERS to BUY XRP for $50 BILLION!! $600.37 PER XRP pic.twitter.com/4xeMtTxWZo

— CryptoGeek (@CryptoGeekNews) June 10, 2025

However, fact-checking has debunked the claim. Perplexity AI responded, “Hey there! That claim about Elon Musk offering to buy XRP for $50 billion doesn’t appear to be true.” The AI assistant added, “Fact-checking sources have confirmed this is a false rumor… with no official announcement coming from Elon Musk, Ripple, or X.”

Adding to the speculation, CryptoGeek also alleged that Musk briefly posted “#XRP is looking quite promising” before deleting the message just 20 seconds later. He further claimed that Musk is “working on a global payments deal with Ripple.”But despite the buzz, no screenshot or archived copy of the alleged tweet has surfaced.

Even CryptoGeek failed to provide evidence. This has led many to believe the post may have never existed. “While there’s plenty of speculation, Musk has never officially endorsed XRP or announced a partnership,” Perplexity AI noted. “He has mostly focused on Dogecoin when discussing crypto.”

With the XRP community fueling speculation, analysts caution investors to remain skeptical of unverified social media posts. Until Musk or Ripple confirms any involvement, the rumor remains just an ‘unsubstantiated hype’.

Also Read: US Declares Ripple’s XRP will Replace the Dollar: Fact Check

The social media is abuzz with posts around Pi Network launching a new update of the mobile app. However, is the update new or are the Pioneers late? Well, Pi Network launched the 1.41.0 mobile app update, which according to the developers, contains minor bug fixes and overall performance improvements.

Truth Behind Pi Network’s Latest App Update

The new version came after the previously released Pi Browser version 1.21.0 in March. However, the 1.41.0 update isn’t very new. The Pi app upgrade came on May 9, 2025, which is over a month old now. Nonetheless, several users failed to notice this and delayed the update. This caused several issues on their end.

One of the problems that the Pi Core Team could have fixed is the long-standing bug Pi coin balances, which made many users unable to see their mined tokens in the app. The update notes are sparse, but a large portion of the Pi community is optimistic that this issue has been finally addressed.

However, the bigger issue is still at large: substantial delays when Pi coins are migrated to user wallets. Thousands of users on Reddit and X are expressing their mounting irritation with the migration process being stuck.

Users claim that they even completed all the necessary procedures, such as KYC (Know Your Customer), 2FA (Two-Factor Authentication) and accepting the lock-up terms of the network. However, the issue still stands.

One Reddit user captured the mood of many, posting: “When finally my Pi will be migrate to my wallet?” This user, like many others, has reportedly been stuck at Step 9 of the migration process for months without any updates from the Core Team.

The same complaints were replicated by other users who said that they have been waiting as long as 10 months with no update whilst some of their friends (who did KYC on the same day) have already got their tokens. This vagueness and the disparity between experience has only contributed to the growing skepticism within the community.

Users Continue to Complain

Users on X have also complained of being forced to redo the 2FA verification, even when they have already done it successfully earlier on. A user going by the name Yogesh Kshirsagar posted that he had passed 2FA back in 2019 but got blocked in the second phase of migration because of a verification error.

Members of the community have speculated that unsuccessful migrations may be as a result of missing a step during the previous stage. These include failing to confirm an email in Step 3, or not being able to re-verify 2FA. In that instance, the Pi system is said to transfer the coins back to the app as a security measure.

After being fixed, the migration will resume and then there will be a 14 days unlock timer before the coins can be utilized. Nevertheless, some say that they have followed everything properly and are stuck, which contributes to the confusion.

Such delays, according to long-time users, were typical since the start of the project in 2019. “Even the Core Team can’t tell you when your migration will happen. It’s just the way this project works,” one veteran user commented. While the update offers some technical improvements, users continue to wait for answers, and their coins.

Also Read: SOL, LTC, Sui, DOGE & Pi Price Drops as Crypto Market Crashes 5%

Trident Digital Tech Holdings Ltd. (NASDAQ:TDTH), a Singapore-based digital transformation leader, has announced plans to raise up to $500 million to establish the world’s largest XRP corporate treasury at the moment. Ripple’s XRP supporters are rejoicing as corporate treasury investments for the crypto continue to grow.

Trident’s company treasury will prioritize buying XRP tokens as long-term strategic reserves, and it has intentions to use staking mechanisms to earn yield and be an active player in the Ripple ecosystem. Further, Trident has brought in Chaince Securities LLC as its strategic advisor to the endeavor.

The company is going to issue the capital using a mix of equity offering, strategic placements, and structured finance. Moreover, according to the press release, it is already in the advanced stage of negotiations with a number of institutional investors and large crypto foundations to get preferable terms and strong infrastructure-wise support.

“This is not just a financial move—it’s a strategic transformation,” said Soon Huat Lim, Founder, Chairman, and CEO of Trident. He added, “As a public company, we are committed to transparency, strong governance, and innovation. We believe digital assets are central to the future of global finance, and this initiative positions us to lead in that evolution.”

Subject to regulatory approvals and market conditions, the rollout of XRP Treasury is planned in the second half of 2025. It is also the commitment of the company to ensure high standards of governance and the company will provide periodic reports of the treasury deployment, the governance arrangements, and adherence to the public disclosure norms.

Also Read: Circle USDC is Now Live on the Ripple XRP Ledger

Ripple CEO Brad Garlinghouse is reportedly planning to meet U.S. President Donald Trump soon. The topic of discussion is expected to be XRP, according to social media posts. Moreover, people are even anticipating a surge for XRP price after they meet. However, is the meet actually scheduled or just a bluff on the Internet?

Is Ripple CEO Going to Meet Trump?

According to a post on X by TheXRPGuy, Garlinghouse is set to meet Trump. The tweet gathered over 370K impressions and fueled several speculations around the topics to be discussed and the potential impact on XRP.

Well, the meeting has not been verified by official sources at the moment. Nonetheless, the speculation can not be ruled out completely considering that Garlinghouse and Trump already met earlier this year. Hence, in case they meet, they could discuss some revolutionary policies for both XRP and the overall crypto market.

Also, netizens expect Ripple’s XRP price to explode if they meet and the hype trickles into the market. This speculation comes from XRP’s past performance when the token surged to a high of $3.13 on January 31, following Trump and Garlinghouse’s meeting.On January 27, Ripple CEO Brad Garlinghouse encouraged the inclusion of XRP within the proposed U.S. strategic crypto reserve.

During that period, Garlinghouse engaged in conversations with Trump, advocating for XRP’s role the crypto reserve. Garlinghouse shared his views amid debates on whether government reserves should only be Bitcoin or include different types of tokens. He argued against a narrow approach, stating that “the crypto industry has a real shot, here and now, to achieve the many goals we have in common, if we work together instead of tearing each other down.”

The Ripple CEO also underscored that the nature of digital assets shouldn’t be treated as mutually exclusive. “This is not, and never will be, a zero-sum game,” he had asserted at the time. Garlinghouse also called for cooperation within the fragmented crypto ecosystem.

He also pointed to what he saw as a shift in Trump’s stance on digital currencies. After earlier friction between the former President Joe Biden and crypto advocates, Garlinghouse noted Trump had come to recognize blockchain’s role in advancing innovation and growth of entrepreneurship.

Also Read: XRP Price Eyes $10 Bull Run as Nasdaq Traders Brace for ETF Fun

The crypto community was taken by storm as the Bitcoin price suddenly crashed to $0. Amid the crypto market crash, analysts were expecting BTC to continue consolidating. However, a 100% nosedive was obviously not expected.

What’s exactly happening? Well, there’s no need to worry as Bitcoin price plunged to zero only on the MEXC crypto exchange. The BTC/USDT pair on MEXC plunged to $0 in a fraction of seconds with around 415 BTC traded in an hour prior to that.

Nonetheless, the Bitcoin price remains unaffected on other exchanges and crypto market data aggregator platforms. Initially, the incident seems to be originating from a glitch on MEXC.

However, MEXC has denied such claims. In post on X, they wrote:

“We have recently become aware of some posts circulating on certain accounts claiming that MEXC’s $BTC candlewick dropped to 0. We would like to clarify that this was simply a display error on the TradingView platform on June 5, and there was no such issue on MEXC’s official website, where everything has been functioning normally.”

Meanwhile, BTC price is holding steady above the $100,000 psychological level, which is acting as a major support. Thus, analysts have pointed toward a rebound to the $106,000 level soon. According to CoinMarketCap data, at press time, Bitcoin traded at $103,918.53 on Friday, June 6.

Bitcoin price now seems to be rebounding from the lows below $101,000 after Elon Musk and U.S. President Donald Trump engaged in a feud over the ‘Big Beautiful Bill’. Whilst, the concerns of rising U.S. debt has also weighed on the market with millions of long and short liquidations taking place.

Also Read: Bitcoin Price Prediction: BB bands indicate $106K Breakout or $90K Dip

The XRP Army is buzzing after the RealFi team dropped a series of bold announcements on X (formerly Twitter), tying Ripple’s XRP Ledger to an eye-popping $654.39 trillion figure. XRP enthusiasts are expecting an enormous price boost if RealFi’s claims come true.

RealFi Puts XRP Ledger in Spotlight with $654.39T Volume Claims

“As we approach the launch of the RealFI ecosystem and the unlocking of the $654.39 trillion global real estate market on the #XRP Ledger, we are proud to announce the successful completion of all XRP Ledger stress tests,” the RealFi team wrote on June 4. They added, “These rigorous validations confirm that the XRP Ledger can seamlessly handle transaction volumes exceeding $654.39 trillion.”

The claim has turned heads across both crypto and financial circles. Many are now questioning whether it’s a legitimate milestone or a calculated marketing move. However, the number is not pulled from thin air. It refers to Statista’s global forecast for real estate value by the end of 2025. Nonetheless, the idea that a single project could tokenize the entire market has been met with understandable skepticism.

Nevertheless, RealFi continues to position itself as a serious player in this space. “This milestone underscores the exceptional scale, efficiency, and reliability of the technology that forms the foundation of the RealFI ecosystem, paving the way for a transformative shift in real estate finance,” they stated.

Adding fuel to the momentum is the upcoming launch of the project’s native token. “We are excited to officially announce that the $REAL token PRESALE will launch on the $XRP Ledger on June 7th, 2025 at 12pm EST,” RealFi announced.

The Phase 1 sale of the REAL token will be limited to 100 million tokens. The team noted that this marks “the beginning of a strategic rollout to support the tokenization of the $654.39 trillion global real estate market within the RealFI ecosystem.” The presale will be hosted at PayRealFi.com and community members have been urged to “set their orders” and stay tuned for further updates.

In addition to technical claims and token sales, RealFi has also launched a promotional XRP giveaway. First announced on May 21, the campaign celebrates the “successful completion of Phase One of its Blueprint for the tokenization of $654.39 trillion on the XRP Ledger.”

Participants are asked to follow, like, retweet, and post with the phrase “RealFI XRP” to enter. As of this week, the team said they are “only DAYS away from choosing the XRP Giveaway Winner.”

RealFi Members Meets Ripple Team

RealFi also emphasized its relationship with Ripple. In a post on X today, they stated, “Our team is proud to have talked and met with the Ripple team during the development of RealFI over the last two years to discuss the XRP Ledger’s technical capabilities.”

Even though there is enthusiasm, it’s believes that it would take a huge effort to tokenize just a portion of real estate and making it work for the whole sector is practically impossible. Though RealFi may not attain a share of the entire market as big as they say, claiming to handle trillions has got them noticed on social media.

Now, we have to wait to know whether RealFi’s ambitions translate into real-world adoption or simply remain a crypto marketing tactic. However, one thing is certain that the XRP Ledger just got pulled into one of the biggest numbers in finance.

Also Read: Ripple’s XRP Ledger is more than Just XRP: David Schwartz

Trending posts circulating on X (formerly Twitter) claim that the European Central Bank (ECB) has launched a Digital Euro pilot program involving the XRP Ledger and a project called White Network. The post, published by a user named Amonyx, includes a document appearing to be from the ECB and is being used to promote XRP and WHITE.

Is ECB Actually Using XRP Ledger for Digital Euro?

“European Central Bank is officially launching its Digital Euro pilot! $WHITE & #XRP are directly involved,” Amonyx wrote in the post, which has since gained traction in crypto forums. He added, “The ECB lists WhiteNetwork by WhiteRock as a secondary platform alongside XRP Ledger, to help power Europe’s first regulated CBDC test,” the post continues.

The image attached to the post resembles an official ECB memo and outlines a supposed 12-month pilot program said to begin in June 2025. It lists Ripple’s XRP Ledger as the “Primary Platform” and WhiteNetwork by WhiteRock as the “Secondary Platform,” and claims over 500 European financial institutions will be involved in testing. However, the ECB has made no such announcement.

None of its statements, press releases or documents indicate the inclusion of XRP or WhiteNetwork in their plans. At the time of writing, the ECB is still preparing its digital euro project, concentrating on building technology, regulations and safety features and not on choosing blockchain companies or starting full trials.

According to the Le Panneur report, two officials called “Dr. Alexandra Zimmermann” and “Prof. Marcus Hoffmann” were mentioned, but they are not found in the ECB’s contact list or in previous messages. The positions they are associated with, i.e., ‘Director, Digital Currency Division’ and ‘Chief Technology Officer’, are not part of the official structure of the institution.

Style and Content Raise Flags

The way the document is written adds to the concerns. Commonly used in advertising such performance benchmarks are missing from clear monetary policy statements. In place of using familiar terms from banking rules or guidelines, CBW used technology-influenced names like “Phase I, II and III” for its roadmap.

The transaction parameter claim of “Maximum €10,000 per individual transaction” also does not appear in any ECB official document and would require official approval, not a private memo. Perhaps the most telling line appears in the final sentence of the viral post: “$WHITE has already pumped 350% this week.”

Since the message clearly ties the rise to speculations around ECB, it appears the purpose was to convince others to trade, therefore selling the asset themselves once the market is full of investors. Thus, for accurate updates on the Digital Euro, refer directly to the European Central Bank’s website.

Also Read: Elon Musk Says Ripple XRP is Promising: Fact Check

In a recent interview on CNBC’s Squawk Box, Donald Trump Jr. defended the Trump family’s growing involvement in crypto. He cited financial restraints and political retaliation as core motivators for the pivot. He explained the family’s shift into crypto as a response to being “debanked” after Donald Trump entered politics.

Donald Trump Jr. Reveals Reason for Entering Crypto

“We got into crypto not because it was like, hey, this is the next cool thing. We got into it out of necessity,” Trump Jr. said. He added, “There was a time… I could call any single banker in New York City, they’d pick up the phone… Then we got into politics, and all of a sudden they wouldn’t take your call. You couldn’t get financing. We were debanked.”

In the interview, Trump Jr. discussed the Trump family’s backing of various crypto projects, including American Bitcoin, World Liberty Finance, and the USD1 stablecoin. He framed these efforts as both a form of innovation and a reaction to what he branded as unfair treatment by the traditional banking system.

“We were actually just the top of this sort of pyramid scheme that we didn’t realize we were a part of… Now we were all of a sudden in the shoes of the regular guy that wouldn’t be able to take advantage of the markets,” Trump Jr. added.

TRUMP Memecoin Concerns in Spotlight

On the other hand, amid growing scrutiny over a TRUMP memecoin associated with Donald Trump, Trump Jr. distanced himself from the project. “I wasn’t involved in the meme coin. I’m more focused on obviously the stablecoin, the bitcoin mining, you know, some of those things,” he stated.

Pressed on concerns that the memecoin could enable foreign adversaries to influence U.S. politics financially, Trump Jr. responded by pointing to the decentralized nature of crypto. He suggested this structure makes it difficult to track where involvement or funding is coming from.

He said, “You don’t know who’s actually doing any of these things… It’s hard to influence if you don’t actually know where the stuff’s coming from.” Trump Jr. also argued that crypto adoption could boost the U.S. dollar instead of undermining it. 

“Some of the biggest buyers of U.S. treasuries in the world” are stablecoin issuers, Trump Jr. said. He explained, “I think these stablecoins are actually going to be the savior of dollar hegemony in the world, not a detractor from it.” He concluded that the Trump family is now “playing by all the rules” after voluntarily shutting down “hundreds of millions of dollars of business” during the first Trump administration.

Also Read: Trump and Family Distract Congress with Memecoins: Rep. Hill

Over the past 24 hours, Hyperliquid (HYPE), a decentralized exchange (DEX) token, shot up by over 15%. Higher investment confidence and surging interest in DeFi have led to a sharp increase in the Hyperliquid price. However, another factor was at play today, which is a major crypto exchange listing announcement.

Why is Hyperliquid Price Surging?

On Tuesday, June 3, the HYPE price soared 15.05% to $37.60 at press time. The market capitalization of HYPE has reached $12.6 billion and daily trading activity jumped by nearly 87%, according to CoinMarketCap. At present, the circulating supply is about 333.92 million HYPE from a total supply of 999.99 million.

The HYPE price even touched an intraday high of $37.90 today with the social media sentiment turning extremely positive. Moreover, Hyperliquid price prediction shows potential to surge beyond $50, claiming a new all-time high.

Hyperliquid has caught investor interest owing to its fully on-chain architecture and an easy-to-use experience, which appeals to those interested in DeFi who value transparency and speed. The increasing amount of liquidity on this decentralized platform draws in buyers from the crypto space.

In addition, Binance.US has planned to include HYPE for trading on its platform. Listing on a major United States exchange greatly increases visibility and convenience for investors, attracting more attention to it.

On X, Binance.US wrote, “The $HYPE is real. Spot trading for Hyperliquid is coming soon to Binance.US.” They urged users to follow their page for exact listing details, including the date when the HYPE token goes live on the exchange.

Instead of being just another marketing buzz, the $HYPE is relying on strong increases in statistics and growing attention from the crypto world.

Also Read: Hyperliquid (HYPE) Price Rebounds 10% After This Announcement by Binance

A wave of concern has swept through the Pi Network community as users report being unable to view their mined PI coin balances. It has raised fears of system instability or backend changes. Users are even concerned about the recent Pi Network’s mainnet migration being failed.

Users Report Pi Network Balances Missing

In a Reddit thread on r/PiNetwork titled “Issue consulting the amount of pi” user after user reported problems accessing their balances. One post reads: “Hii, Do you also have issues consulting the amount of pi you mined? The page is just loading and nothing happens.”

The issue appears to be widespread, with several commenters confirming they are experiencing the same glitch. Another user noted, “The same on my end, but it’s not something I would pay too much attention to. Glitches happen all the time.”

Some users suspect the issue could be related to a backend update. Redditor Flattering_Flatulenc speculated, “My guess is the core team is about to do a mass update on pi balances. Calculating unconfirmed/confirmed/transferable. Bet we’ll see the true numbers soon.”

Others recounted similar technical difficulties. “Mine is still ‘loading’ as of this morning… maybe it’s in migration mode,” wrote another user. Meanwhile, Disastrous_Spell3602 explained that restarting the app didn’t help. They added, “Same here. It happened after restarting my session. I tried accessing the Mainnet by pressing the Mainnet button, but the next page got stuck on ‘Loading your balance.’ The same thing happens when I try to access it through the Pi Node app on my laptop.”

A second thread, “I have a problem it won’t enter my balan…” drew similar responses. User Embarrassed_Durian19 expressed frustration: “I have a similar problem. They won’t return my rolled-back Pi into migrations. I am so furious at this kindergarten of a team.”

While some found temporary relief—“Had that yesterday, cleared up today,” claimed user GrapefruitPassion—others are still stuck, trying various troubleshooting methods. “Try switching your language and/or restarting the app with no VPN,” suggested versacecrispies, adding that clearing the app cache may help.

At the time of writing, the Pi Network core team has not released an official statement addressing the issue. For now, users are left in oblivion as they hope that the glitches and bugs are merely part of the migration. Until then, the Pi Network’s transparency and users’ patience remain under pressure.

Recent Rumors Around Pi

Meanwhile, the Pi Network community is buzzing as its users report a new migration stage appearing in their Pi app amid the above-mentioned issues. After they proceeded with the initial migration, many players found a new checklist item and authorized it after which a green tick appeared.

Due to this surprise update, people are happier and think this could lead to another Arctic migration. On X, users are sharing screenshots and urging others to check their apps. One user noted, “I already migrated once, but this new step popped up. I confirmed it and got a green tick—go check yours!” The buzz continues to grow.

In addition, speculation is once again swirling around Pi Network and Binance amid fresh rumors suggesting that the Pi coin has been listed on the Binance crypto exchange. A viral post on X claimed, “Binance has listed $Pi. I think Binance has taken the first step of launch. The next step is to witness the miracle.” This was accompanied by an image showing Pi price as if it were live on Binance.

However, neither the Binance crypto exchange nor Pi Network has offered any official statement confirming the listing. As of now, Pi coin remains unavailable for trading on Binance. Despite the buzz on social media, users are urged to remain cautious and rely on official channels for verified information. Nonetheless, the Pi community continues to await credible confirmation regarding its launch on major exchanges like Binance.

Also Read: Pi Network Pushes Game Development with FruityPi Launch

Reitar Logtech Holdings Ltd, focusing on real estate and logistics technology, unveiled a major financial decision to help them grow outside Hong Kong. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the company wants to put up to $1.5 billion toward purchasing Bitcoin (BTC).

Hong Kong Firm Announces $1.5 Billion Bitcoin Buy

The move shows that Reitar Logtech is updating its approach to treasury, aiming to strengthen its ability to handle shifting financial situations. The SEC filing under the number 001-42210 shows the company is using this new acquisition to expand its reserve and support its progress in logistics technology.

This step by Reitar Logtech shows that businesses are starting to view digital currencies as good options for storing assets. The firm wants managers to use Bitcoin both as a store of wealth and as a way to respond to changes in global markets.

Kin Chung Chan, as Director, Chairman and CEO at Reitar Logtech, who has signed the document submitted to the SEC. According to the company, the investment in Bitcoin is meant to strengthen its logistics technology.

“This strategic treasury diversification initiative underscores our commitment to maintaining a strong financial foundation while scaling our global logistics technology platform,” said Reitar Logtech Chairman and CEO John Chan, according to the filing.

He added, “By exploring Bitcoin treasury allocation, we aim to fortify our financial position while aligning with digital transformation trends in the supply chain industry. This potential initiative provides enhanced flexibility to pursue strategic acquisitions and expand into new markets.”

Meanwhile, Strategy (formerly MicroStrategy), the forerunner in corporate Bitcoin acquisitions, announced a purchase of 705 BTC worth $75.1 million today. Now, the company holds 580,955 BTC, valued at over $60 billion.

Also Read: BlackRock is Selling $429 Million in Bitcoin: Fact Check

Since institutional investors showed so much interest, Circle, the USDC stablecoin issuer, adjusted its plans for its initial public offering (IPO) by upsizing the number of shares and boosting the price range. The fintech firm has now informed regulators it would like to offer 32 million shares of its Class A common stock, instead of the 24 million it planned before.

Revised Circle IPO Share Price Details

The firm also moved up its price range from $24–$26 per share to $27–$28 per share, according to the amended Form S-1 filed with the U.S. Securities and Exchange Commission (SEC). The move reflects mounting demand ahead of the company’s anticipated IPO pricing on June 4.

BlackRock is said to be looking at investing in the offering, according to sources. The asset manager could purchase close to 10% of the offered shares. Circle’s progress is highlighted by BlackRock’s participation, although how they are investing has not been shared.

Circle’s relationship with BlackRock is strong because the investment firm oversees the Circle Reserve Fund, which contains most of the U.S. dollar reserves that are needed to back the USDC stablecoin. As of data on April 30, 2024, the fund’s assets totalled nearly $30 billion.

Investor enthusiasm appears robust, with early indications showing demand could outstrip the available supply. Ark Invest, led by Cathie Wood, is also considering a substantial participation, with plans to invest up to $150 million, according to initial regulatory disclosures. If priced at the top end of the new range, the IPO could value Circle at around $7.2 billion.

Also Read: Circle Freezes $58 Million USDC Tied to LIBRA Memecoin Scam

Google seems to be branding Ripple’s XRP as a top choice for the position of a world bridge currency. In AI-based search overviews on Google, it’s mentioned that XRP is a suitable option for transferring money between countries. The results are garnering engagement from people in both traditional and crypto communities.

Why is Google AI Promoting XRP as World Bridge Currency?

According to Google’s AI-generated snippet, “A bridge currency acts as an intermediary between two different currencies or financial systems, facilitating transactions that would otherwise be complex or difficult.” It further highlighted, “Traditionally, the US dollar has played this role in international trade, but cryptocurrencies like XRP are emerging as potential bridge currencies.”

This AI summary reflects a growing sentiment in fintech circles that crypto assets may offer faster, cheaper alternatives to traditional banking systems. XRP, in particular, is praised for its efficiency in cross-border transfers, which is crucial for international remittances and settlements.

Another AI-generated result adds, “The term ‘bridging currency’ is used to describe a currency, like XRP, that is used to facilitate cross-border payments between different countries or fiat currencies.” It spotlights XRP’s role “to make international transactions easier and faster.”

These AI-generated results have taken information from Binance, LinkedIn and 21Shares pointing out XRP is on track to become a commonly used digital payment system worldwide. Even though Google does not officially back any particular crypto, the high amount of results, including XRP in its AI search summaries may sway public and industry views. 

As laws on crypto assets become clearer with the CLARITY Act, FIT21, and other bills, XRP’s presence in frontline platforms can help it be an important part of the global finance industry in the future. However, it is not clear if XRP will function as a global bridge currency instead of or besides the US dollar, yet Google’s note highlights its potential.

Also Read: Meta Says No to Bitcoin Treasury, Is Ripple’s XRP on Cards?

A viral video circulating on social media claims to show North Korean leader Kim Jong Un delivering an “emotional” speech about Bitcoin. In the video, Kim looks like he’s ordering people to buy Bitcoin at all costs. He seems to be saying: “Take all your money, buy Bitcoin, then take all your time, figure out how to borrow more money to buy more Bitcoin.”

Is North Korea’s Kim Jong Un Urging People to Buy Bitcoin?

However, this is not an authentic clip of Kim Jong Un. The video is a deepfake that mismatches visuals of the North Korean leader with audio from a speech made by Strategy Executive Chairman Michael Saylor.

“There is no second best crypto asset,” the voice says in the video. The video adds, “There’s a crypto asset, it’s called Bitcoin, right? There is no second best, okay?”

🇰🇵 North Korean Leader Kim Jong Un urges citizens to buy the #Bitcoin dip in an emotional speech. pic.twitter.com/DO9DeB0yYw

— Vivek⚡️ (@Vivek4real_) July 3, 2024

The original audio comes from a widely shared clip of Saylor promoting Bitcoin as the superior digital asset. In this speech, he also declares: “Go mortgage your house and buy Bitcoin with it.”

The mismatch between the lip movements and the audio in the video, combined with the known source of the speech, confirms the clip is fake. It’s most likely that Deepfake technology used to overlay Saylor’s words onto the footage of North Korea’s Kim Jong Un.

This video is a clear example of misinformation in the crypto community. Thus, viewers are urged to verify sources before sharing sensational content. Hence, it’s important to note that the actual speaker in the video is Michael Saylor, not Kim Jong Un.

Also Read: China to Buy $300 Million XRP for Crypto Reserve: Fact Check

Trump Media and Technology Group, the parent company behind Truth Social and other digital ventures, has secured $2.44 billion through a private placement deal involving roughly 50 institutional investors. Almost 56 million shares were sold for $25.72 each and the company also raised $1 billion in convertible notes that will come due in 2028.

The Devin Nunes-led company has decided to use the $2.32 billion from the IPO to build its Bitcoin treasury and support its everyday operations. After this move, Trump Media will own Bitcoin in larger quantities than most public U.S. firms.

“This deal will give us the financial freedom to implement the rest of our strategies,” Nunes said, according to the latest press release. He added, “It means the Company will have more than $3 billion in liquid assets and our shareholders will have exposure to Bitcoin.”

Nunes declared, “The deal positions Trump Media for the kind of rapid expansion we’ve always envisioned, and we look forward to advancing even further throughout the America First economy.”

Trump Media’s Bitcoin reserves will join an already sizable pool of cash and investments, which stood at $759 million at the end of Q1 2025. Meanwhile, Crypto.com and Anchorage Digital will look after the stored Bitcoin. Furthermore, it’s worth noting that financial and legal advisors, such as Yorkville Securities, Clear Street, BTIG, Cohen & Company, Cantor Fitzgerald, Nelson Mullins and Reed Smith, helped with the $2.5 billion deal.

Also Read: Bitcoin Is Perfected Capital: Saylor at Bitcoin Conference 2025

Tesla, Inc., the EV giant, is reportedly planning to add more Bitcoin (BTC) to its balance sheet. According to latest discussions on social media, the Elon Musk-backed company is set to purchase an additional $3 billion worth of BTC soon. It already HODLes over $1.2 billion of Bitcoin.

Will Tesla Buy More Bitcoin?

As per data from Arkham Intelligence, an on-chain data monitoring platform, Tesla currently holds 11,509 BTC, valued at $1.24 billion. The company has stayed bullish on the BTC price as they have held onto their holdings since a few quarters ago.

Despite the latest all-time high for BTC, the tech firm didn’t sell off any of its holdings to reap profits. Hence, them planning to acquire more Bitcoin could be a move to further solidify their bullish outlook for BTC. However, as of yet, there has been no official confirmation from Tesla yet.

For further context, the firm uses Coinbase Prime Custody to keep its. Bitcoin treasury safe. It’s no surprise that the recent $3 billion rumors are surfacing given its gigantic $1.5 billion Bitcoin purchase in the first quarter of 2021.

Meanwhile, Elon Musk has also explored how cryptocurrencies like Bitcoin and Dogecoin (DOGE) could be used in his ventures. Also, in January, speculation grew around the possibility of Bitcoin integration into Musk’s X Money platform, following news that BTC contributed to Tesla’s Q4 net income reaching $600 million.

Also Read: Michael Saylor’s Nightmare! Arkham Doxes Strategy BTC Wallets

BlackRock is reportedly planning to spend a large amount to purchase shares in the upcoming IPO of Circle Internet Financial Ltd. According to sources with knowledge of the matter, the investment giant could acquire 10% of the new shares being issued in Circle IPO.

BlackRock & Ark Invest Eye Positions in Circle IPO

Circle, which oversees the USDC stablecoin, has decided to sell 24 million shares of its Class A common stock through the IPO, according to a latest release. The company will issue a total of 9.6 million new shares and another 14.4 million will be sold by existing owners. Underwriters have the right to buy 3.6 million more shares within a 30-day period, which could increase the total offering to 27.6 million shares.

The Circle IPO share price is likely to stay between $24 and $26. If every investor signs up for the full amount, Circle could gain as much as $624 million. All of the revenue from the 9.6 million shares being issued will be transferred to Circle. Money raised from the sales of existing shareholders’ shares will not be used by the company itself.

It was also revealed in the SEC filing that Ark Investment Management, under Cathie Wood, might put up to $150 million in this stock offering. Preliminary demand for the IPO is said to be greater than the supply of shares made available. The company aims to price the offering on June 4.

Since BlackRock runs the Circle Reserve Fund, it already maintains a partnership with Circle. It manages the government money market fund that holds 90% of the reserves backing the USDC stablecoin. At the end of April 30, 2024, the fund’s net assets totaled nearly $30 billion.

Sources indicated that BlackRock could execute the share purchase through an affiliated entity or investment vehicle, according to a Bloomberg report. However, final decisions have not been made yet. Meanwhile, both Circle and BlackRock have declined to comment on the matter.

Also Read: Circle IPO Timeline: What Will be the Share Price?