Your Weekend Crypto Roundup | June 2025 (Week 2)

June 2025 (Week 2) appeared initially on DeFi Planet.

Contents

• Most Significant Story
• Other News Making Waves
• Around the World: Vibrant Moves and Crypto Laws
• Market Trends: Winners and Losers
• Leading 5 Gainers
• Leading 5 Losers
• Project Spotlight

Hey there! Just like that, week 2 of June is over, and crypto headings didn’t dissatisfy. Congressman Timmons is pushing the SEC for clarity on Ethereum’s legal status. Connecticut prohibited state crypto investments, and Argentina’s president got cleared in the LIBRA memecoin probe. Add Singapore’s crackdown, a Bitcoin ETF record, and a wild kidnapping arrest, and you’ve got a week to keep in mind. There’s a lot to unload, so hit the subscribe button and remain plugged in. Let’s dive in!

Biggest Story

Rep. William Timmons Demands SEC Clearness on Ethereum’s Legal Status

Republican Congressman William Timmons is prompting the SEC to supply internal documents clarifying its moving position on Ethereum (ETH). In a letter dated June 10, Timmons criticised the agency’s inconsistent method under Chair Gary Gensler and highlighted the confusion triggered by its refusal to classify ETH definitively. He particularly asked for records demonstrating how the SEC’s position has actually evolved, referencing the contrast in between previous statements, such as William Hinman’s 2018 claim that ETH is not a security, and more recent uncertainty. Timmons likewise revealed that the SEC quietly closed an investigation into ETH’s category in early 2025, prior to authorizing spot Ether ETFs, a relocation suggesting ETH is not a security. His letter follows Coinbase’s effective FOIA claim versus the SEC, which required the agency to release thousands of documents. A few of these revealed that federal prosecutors had previously asked for the SEC’s stance on ETH but received no action, additional underscoring the agency’s opacity.

Other News Making Waves

• French cops have actually detained more thinks in the kidnapping of a crypto business owner’s daddy, whose finger was severed in a EUR7M ransom plot.
• Connecticut has become the very first U.S. state to ban federal government investments in cryptocurrency, citing volatility and a lack of regulation.
• Spanish authorities are examining a $3.4 million crypto Ponzi plan involving elite footballers who were deceived into investing.
• India’s CBI has actually busted a transnational cybercrime ring, taking $327K in crypto connected to phishing and scams plans.
• The SEC, led by Chair Paul Atkins, has actually proposed an “innovation exemption” to give conditional regulatory relief for blockchain firms, supporting DeFi development while supporting investor security.
• BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest ETF to exceed $70B in possessions, reaching the turning point in just 341 days, with 661,457 BTC under management.
• Five guys have pleaded guilty in a $36.9 M crypto fraud that fooled U.S. residents and laundered funds through Tether to Cambodia-based scams centers.
• Argentina’s Anti-Corruption Office has actually cleared President Javier Milei of misdeed over his recommendation of the LIBRA memecoin, deeming it an individual act, although a separate court probe is continuous.
• Cathie Wood states Bitcoin’s continued outperformance versus gold signals a bullish, “risk-on” market, crediting Bitcoin’s durability and Trump-era regulatory clarity for increasing crypto momentum.

Around the World: Bold Moves and Crypto Regulations

• Singapore’s MAS has bought all unlicensed crypto exchanges to cease operations by June 30, citing enforcement under the Payment Solutions Act.
• The Czech Republic changed Justice Minister Pavel Blažek with Eva Decroix after backlash over his approval of a $45M Bitcoin contribution from a convicted crook.
• Ukraine has introduced draft legislation that would permit its central bank to hold Bitcoin as part of its national reserves.
• The U.S. Home Financial Solutions Committee has authorized the Digital Possession Market Clarity (CLEARNESS) Act, advancing a thorough crypto policy expense to the full Home.
• South Korea’s Democratic Celebration has proposed the Digital Property Basic Act, legislating won-pegged stablecoins released by regional companies under rigorous oversight.

Market Patterns: Winners and Losers

Leading 5 Gainers

• Aura +18,728.5%, from $0.00089133 to $0.167808
• Worthless Coin +386.2%, from $0.00853973 to $0.04150863
• TAGGER +146.8%, from $0.00012262 to $0.00030267
• The Arena +88.4%, from $0.01119879 to $0.02109506
• Stronghold +84.3%, from $0.00782835 to $0.01443755

Top 5 Losers

• Central African Republic Meme -36.3%, from $0.084252 to $0.053708
• Hamster Kombat -51.1%, from $0.00200247 to $0.00097947
• Incrypt -46.8%, from $0.02361030 to $0.01256041
• Mask Network -23.0%, from $1.91 to $1.47
• Lagrange -35.8%, from $1.30 to $0.835035

Project Spotlight

L1 Releases On-Chain Hedge Fund Access for Accredited Investors

Wealth management platform L1 has actually introduced tokenized, on-chain financial investment methods from leading crypto-native hedge funds like Fasanara Digital, FalconX, and Bastion Trading. Designed for certified investors, the platform eliminates conventional barriers, consisting of million-dollar minimums and intricate onboarding, by making use of wise agreement vaults and zero-knowledge identity verification. Financiers can finish KYC immediately, subscribe in minutes, and get tokenized shares directly to their wallets. A built-in portfolio tool enables varied allotment across digital possessions.

Why It Matters: L1 democratizes hedge fund access, combining DeFi functionality with institutional-grade investing to modernize and broaden wealth management.

Disclaimer: This post is planned solely for informative purposes and must not be considered trading or financial investment suggestions. Absolutely nothing herein ought to be interpreted as financial, legal, or tax recommendations. Trading or investing in cryptocurrencies carries a significant risk of financial loss. Always perform due diligence. If you wish to learn more market analyses like this one, go to DeFi World and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Neighborhood. Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.

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Connecticut prohibited state crypto financial investments, and Argentina’s president got cleared in the LIBRA memecoin probe. He specifically asked for records showing how the SEC’s position has progressed, referencing the contrast in between past statements, such as William Hinman’s 2018 claim that ETH is not a security, and more recent obscurity. Some of these showed that federal district attorneys had previously requested the SEC’s position on ETH but received no response, additional underscoring the agency’s opacity. (More) Cathie Wood states Bitcoin’s ongoing outperformance against gold signals a bullish, “risk-on” market, crediting Bitcoin’s strength and Trump-era regulatory clearness for improving crypto momentum. (More) Around the World: Strong Moves and Crypto Laws Singapore’s MAS has purchased all unlicensed crypto exchanges to cease operations by June 30, citing enforcement under the Payment Services Act.