Ant International, the parent company of Alipay, is set to seek licenses for stablecoins in both Hong Kong and Singapore. This move comes in response to the new regulatory framework that will be implemented in August.
USDC has officially launched and is now fully operational on Ripple's XRP Ledger, allowing users to transact with this stablecoin on the platform.
According to President Trump, the establishment of a Bitcoin Strategic Reserve has been achieved, yet he insists that there is more to come. He promises to roll out 'clear and straightforward market frameworks' designed to maintain the leading position of the US dollar in Bitcoin ($BTC) and the cryptocurrency sector.
The Apple App Store has officially approved the Bitcoin-themed video game SaruTobi to integrate in-app payment options, allowing players to make purchases directly within the game.
Mike Novogratz, the CEO of Galaxy Digital, has expressed a strong belief that Bitcoin has the potential to reach a staggering value of $1 million. He bases this prediction on the current trends in the adoption of cryptocurrency, which he believes will continue to grow. Novogratz argues that if Bitcoin successfully takes on the role of a store of value traditionally held by gold, its price could skyrocket to this unprecedented level. He emphasizes that the ongoing shift in how people perceive and utilize Bitcoin could significantly impact its market value in the future.
Bitcoin is on the verge of achieving a market capitalization in the hundreds of trillions of dollars. This monumental growth will not only benefit the nation by boosting its economy, but it will also lead to a flourishing industry that creates jobs and innovation. Furthermore, the global community will experience numerous advantages, including increased financial inclusion and the potential for new technological advancements.
Circle has announced the launch of its USDC stablecoin, accompanied by the release of the Cross-Chain Transfer Protocol (CCTP) V2 on the World Chain. This significant development allows nearly two million users who had previously held bridged USDC in their World App wallets to seamlessly migrate to the native USDC issued directly by Circle. This transition ensures that their assets are now fully backed by liquid reserves, providing enhanced security and reliability for users.
In the last hour on June 12, 2025, Bitcoin experienced notable price fluctuations, ranging from a low of $107,029 to a high of $107,290. During this time, the cryptocurrency maintained a substantial market capitalization of $2.13 trillion, alongside a significant trading volume of $34.26 billion over the past 24 hours. Throughout the day, Bitcoin's price range expanded further, reaching from $107,029 to a peak of $110,269. This indicates a particularly volatile trading session, marked by bearish trends observed in both the short-term and mid-term periods.
On Thursday, U.S. President Donald Trump delivered a speech at the Coinbase State of Crypto Summit, where he emphasized his comprehensive federal initiatives aimed at supporting digital assets. He expressed his vision of positioning the United States as a leader in the rapidly evolving cryptocurrency landscape. During his address, Trump made a bold declaration, asserting his commitment to establishing clear regulatory frameworks that would ensure the U.S. maintains its dominance in the crypto sector. He even referred to himself as the 'first crypto President', highlighting his unique approach to embracing and promoting the potential of cryptocurrencies.
Following two days of intensive discussions held in London, the negotiating teams representing the United States and China have successfully come to an agreement regarding a new trade framework. In light of this development, officials are now in the process of preparing to brief their respective leaders on the significant progress that has been achieved during these negotiations.
In a groundbreaking move, The Blockchain Group, Europe's foremost Bitcoin treasury firm, has received the green light from its shareholders to expand its capital raising capabilities beyond €10 billion. This enhancement will facilitate the acquisition of additional Bitcoin, reinforcing the firm's strategic growth in the digital currency sector.
Bullish, a cryptocurrency exchange backed by prominent investor Peter Thiel, has officially submitted its application for an initial public offering (IPO) to the Securities and Exchange Commission (SEC). This strategic move is designed to capitalize on the growing excitement and interest among cryptocurrency investors that has surged during the presidency of Donald Trump, as reported by the Financial Times. The filing indicates Bullish's intent to leverage the current market conditions and investor sentiment in the crypto space, which has seen significant developments and increased participation in recent years.
