Author: John Smith

Ripple has secured a major regulatory win as its stablecoin RLUSD gains official approval for use inside Dubai’s prestigious financial free zone. According to a June 3 press release, Ripple’s U.S.-regulated stablecoin RLUSD has received official approval from the Dubai Financial Services Authority for use within the Dubai International Financial Centre. With this approval, RLUSD has become one of the few stablecoins globally to be approved by both the DFSA and the New York Department of Financial Services. RLUSD is backed 1:1 by segregated reserves and high-quality liquid assets. The stablecoin has undergone frequent third-party audits and it is designed…

Aptos Labs CEO Avery Ching is scheduled to testify at a congress hearing about digital assets with the House Committee on Agriculture tomorrow. After the news broke, APT rose by nearly 5%. In a recent post, Ching stated that he has been invited to testify in front of the U.S. Congress on a hearing titled “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework.” The congressional hearing is set to take place on June 4. “Market structure legislation is an important step forward and I’m looking forward to sharing how Aptos Labs and the broader…

Ethereum could rally as high as $3,000 in the coming weeks as bullish technicals have emerged amid retail and institutional demand. According to data from crypto.news, Ethereum (ETH) jumped 6.5% to an intraday high of $2,644 on June 3 (Asian morning hours), pushing its market cap to over $314.8 billion. It was the top performer among the 10 largest cryptocurrencies today, up nearly 86% from its year-to-date low. On the derivatives front, open interest in ETH futures has surged to $35.67 billion, nearing its all-time high and well above the $19.6 billion recorded on April 3, per CoinGlass. Further, its…

The Ethereum foundation has announced a shakeup of its internal structure, including the rebrand of its research and development team. A June 2 release by the Ethereum Foundation has outlined a strategic restructuring of its core development team. The reorganization aims to sharpen focus, improve collaboration, and accelerate progress toward Ethereum’s scaling and usability goals. Key to the restructuring includes laying off several staff members and rebranding the Protocol Research & Development (PR&D) team as simply ‘Protocol.’ The revamped team will focus on three strategic priorities, including scaling Layer 1, improving user experience, and expanding blobspace capacity. “This means some…

XRP is hovering near a key support level as data shows institutional sentiment is beginning to cool off.  According to a June 2 weekly report from CoinShares, XRP-focused investment products recorded their second consecutive week of outflows after losing a total of $28.2 million. This contrasts sharply with the larger digital asset market, which saw $286 million in inflows last week and a cumulative $10.9 billion over a seven-week run.  Despite the market-wide inflows, overall assets under management fell to $177 billion from an all-time high of $187 billion. This decline occurred as prices cooled in reaction to growing uncertainty…

Robinhood has officially closed its $200 million all-cash acquisition of Bitstamp, one of the world’s oldest cryptocurrency exchanges. The all-cash deal, announced on June 2, brings Bitstamp’s global operations under Robinhood’s umbrella. Bitstamp holds over 50 active licenses across the EU, UK, U.S., and Asia and serves more than 500,000 funded retail customers and about 5,000 institutional clients. The exchange reported $95 million in net revenue over the 12 months ending April 30, with institutional trading making up the majority of volume. Robinhood said the integration will be “EBITDA-neutral” in the short term, meaning it’s not expected to impact earnings…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lightchain AI accelerates ahead with $21m raised and a Bonus Round underway, while Aptos stalls in search of its next growth catalyst. Lightchain AI is building undeniable momentum after successfully completing all 15 stages of its presale, now entering a Bonus Round at a fixed price of $0.007 with nearly $21 million already raised. In contrast, Aptos continues to search for its next growth trigger in a market that’s quickly shifting focus. Lightchain AI isn’t waiting for external catalysts,…

Memecoins POPCAT, WIF, and MUBARAK have each posted double-digit gains in the past 24 hours, continuing their bounces from recent pullbacks. Which one of them shows the highest bullish potential? Popcat (POPCAT) price is up 15% in the past 24 hours, currently trading around $0.42, with 24-hour trading volume surging over 80% to $70 million. After the steep pullback from $0.60, the price recently bounced from the key support level at around $0.35 and is now continuing this recovery as it tests its 20 EMA, which acts as a dynamic resistance. However, it’s important to note the recent shift in…

Solana’s top meme coin Bonk has officially entered the GameFi arena with the launch of Bonk Arena. Bonk (BONK) announced the official launch on a June 2 post on X. Bonk Arena, a fast-paced, kill-to-earn shooter game, was developed by Bravo Ready, the creators of the Solana-based extraction game BR1: Infinite. Now available on web browsers and the Phantom Wallet mobile app, the game is Bonk’s first officially licensed gaming product and a significant step toward increasing the utility of its ecosystem.  https://twitter.com/bonk_inu/status/1929584864195387795?s=46&t=nznXkss3debX8JIhNzHmzw Players must pay 10,000 BONK, about $0.17, to enter Bonk Arena, which uses a “pay-to-spawn, win-to-earn” strategy.…

Australia has introduced new operating conditions and cash transaction limits for crypto ATM providers to curb scams and enhance anti-money laundering compliance. In a June 3 press release, the Australian Transaction Reports and Analysis Centre (AUSTRAC) stated that crypto ATM operators must now implement a cash deposit and withdrawal cap of 5,000 Australian dollars (approximately $3,250). Operators must also display scam warning messages at machines to alert users about potential fraud. In addition, ATM providers are now required to conduct more thorough customer checks and enhance their transaction monitoring for suspicious activity. “These conditions are designed to help protect individuals…