The recent public feud between Donald Trump and Elon Musk has triggered notable volatility in the cryptocurrency market, leading to a sharp decline in Bitcoin prices and widespread liquidations. This
Chainalysis told WIRED that it tracked a $31 million Bitcoin donation to online black market Silk Road founder Ross Ulbricht to a successor marketplace called Alphabay.
The crypto market slid sharply on Friday, June 6, shedding 5% over the past 24 hours as rising political tensions between President Donald Trump and Elon Musk sent investor confidence tumbling. The total crypto market capitalization now stands at $3.29 trillion, down from around $4.1 trillion on June 5. According to data from Alternative, the Crypto Fear & Greed Index dropped 12 points, from 57 to 45, marking a move into “fear” territory. This decline in sentiment follows a public clash between Trump and Musk that has also weighed heavily on traditional markets. Bitcoin ( BTC ) is down 3.1% and trading at $101,843 at press time. Ethereum ( ETH ) leads the top 10 altcoin losses with a 7.5% slide, while Solana ( SOL ), XRP ( XRP ), and BNB ( BNB ) each slid about 5%. Nearly $986 million in cryptocurrency positions were liquidated in the last day, according to Coinglass data , a 358% increase. The crypto market relative strength index dropped to 32.7, indicating oversold conditions, and open interest dropped 2.71% to $140 billion. The market reaction followed a series of political escalations. The fallout started when Musk resigned from the Department of Government Efficiency and publicly criticized the President’s recent spending bill , dubbed the Big Beautiful Bill. In response, Trump revoked Jared Isaacman’s NASA nomination, a close associate of Musk, and threatened to completely cut off government contracts for businesses run by Musk. You might also like: https://crypto.news/big-beautiful-bill-abomination-explained/ The feud intensified on June 5 after Musk accused Trump of being connected to the Jeffrey Epstein files and supported calls for his impeachment. Trump, in turn, declared that Musk had “gone crazy.” As tensions rose, Tesla shares plunged more than 14%, and Musk announced SpaceX would begin decommissioning its Dragon spacecraft. In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately pic.twitter.com/NG9sijjkgW — Elon Musk (@elonmusk) June 5, 2025 Dogecoin ( DOGE ) suffered the sharpest decline among major tokens, plummeting nearly 20% in the past 24 hours. While DOGE lacks intrinsic utility, its price has long been sensitive to Musk’s actions and statements. The token had rallied following Trump’s election win, amid hopes of crypto-friendly policies. However, investors seem to be pulling back as that optimism wanes. Alongside digital assets, cryptocurrency-related stocks also suffered. Mining companies MARA, Riot Platforms, and Core Scientific all saw losses of about 5%, while Coinbase fell 4.6% and Strategy fell 2.4%. Meanwhile, political uncertainty continues to attract the interest of the crypto community. Traders currently assign a 10% probability that Trump will be impeached before the end of 2025 on the decentralized prediction platform Polymarket. So far, almost half a million dollars has been wagered on that outcome. Market volatility may persist in the coming days as macro risks increase and sentiment toward cryptocurrencies declines. Read more: Circle IPO debuts strong as CRCL gains over 120% on day 1
The European Central Bank’s recent interest rate cut has triggered a notable 3.2% surge in Bitcoin prices, signaling renewed investor confidence in the cryptocurrency market. This monetary policy adjustment has
HodlX Guest Post Submit Your Post Do you know that one misstep from a Web 3.0 founder could bring the Securities and Exchange Commission (SEC) knocking at the doorstep of the company unannounced? This has been the fate of reputable projects like Ripple, Block.one and so on. Their regulatory missteps have turned into multi-million-dollar headaches for years now. Let’s take Ripple as a case study . Over the years, the SEC sued Ripple, claiming that XRP was an unregistered security – this has led to lengthy battles. Consequently, this prolonged battle had a huge impact on XRP market value, and holders experienced a significant loss. According to this source , after Ripple was granted a partial victory through summary judgments, CEO Brad Garlinghouse said the company has spent over $150 million on its defense. Thus, while there is no perfect approach to staying off the SEC’s radar, especially if you’re founding a solution-driven project. Here is a guide that can arm you with the right compliance strategies to stay off their radar. SEC scrutiny and the regulatory nature of the blockchain startup A lot has happened in recent years with the SEC asserting itself over many projects falling short of its standards. For new companies emanating in the Web 3.0 space, knowing how to build on a compliant basis from day one is no doubt paramount to their survival. Yes, SEC scrutiny might delay a launch, freeze assets or give rise to enforcement actions, but the basic aim of this article is to give a legal-strategic guide to the founders of Web 3.0 projects that wish to identify possible risks tied to the SEC, approach compliance from a proactive standpoint and build up their projects for the long haul. This guide is a sort of seasoned lawyer’s toolkit for compliance without stifling innovation. 1. Understand the SEC’s role in Web 3.0 regulation This is one of the surest ways to avoid SEC scrutiny. Technically, the SEC is charged with protecting investors and maintaining fair, orderly markets. While their interest isn’t limited to ICOs (initial coin offerings) – it extends to DeFi (decentralized finance) protocols, staking mechanisms, NFT (non-fungible token) projects, token-based fundraising and more. One of the common mistakes startup founders make is thinking that decentralization exempts them from scrutiny. According to this source , SEC has increased their dogged vigilance in holding projects accountable, even retroactively. Crypto startup owners must understand that regulators view blockchain through a risk-focused lens, and they prioritize consumer protection over the innovation you’re bringing in. Furthermore, founders have to align operational frameworks with regulatory expectations from inception. Startups that anticipate and respond to the SEC’s evolving stance gain credibility not just with regulators but with investors and users alike. Also, when founders understand the regulators’ triggers and intentions, they can conceive products and ecosystems that innovate within the legal guardrails. 2. The Howey test and token classification – The SEC’s primary lens Once a project structurally passes the Howey test , it has passed the first compliance checkpoint. This test is not just central to SEC enforcement – it’s their primary lens that determines whether a digital asset qualifies as a security. What is a Howey test? It is simply analyzed as an investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others. Here are the four-pronged Howey test questions to be asked. Is there any investment of money? Is it a common enterprise? Is there an expectation of profits? Is it derived from the efforts of others? If the answer is ‘yes’ to all four, the asset is perceived as a ‘security’ and subject to SEC rules. For years now, many tokens have been sold with speculative promise. To avoid such scrutiny, founders must carefully structure their tokenomics. While this act may include removing profit expectations, decentralizing control and delaying token issuance until the network is sufficiently mature, legal memos and third-party assessments can help support the non-security classification. One of the SEC’s rules has emphasized that simply calling a token a ‘utility’ doesn’t exempt it from being a security. The Howey test is functional, and a rigorous application of it that is backed by legal counsel and documentation is the first line of defense in controlling regulatory risk and avoiding unwanted SEC attention. 3. Smart structuring from day one – Entity formation and jurisdiction One of the smartest ways to avoid SEC scrutiny is to engage in smart structuring from the beginning. How a startup incorporates and where it operates can significantly impact its regulatory exposure. For instance, US-based startups fall directly under the SEC’s oversight, so selecting the right entity type (LLC, C-Corp, Foundation) and jurisdiction is very strategic. While offshore jurisdictions like the Cayman Islands or Switzerland may offer more favorable regulatory environments for token-based projects, it doesn’t absolve the startup completely from US law if their citizens’ investments are involved. More so, a project with dual-entity structure – for example, a dual between the US C-Corp for operations and an offshore foundation for protocol governance – can offer balance, but it must be supported by robust governance, crystal clear roles and arms-length dealings. Early legal counsel is critical here because any missteps in entity setup can jeopardize the startup in multi-jurisdictional legal issues that are very costly and time-consuming to resolve. Blockchain birthed decentralization, and decentralization eradicates excessive protocol from the development team. But for it not to be an SEC meal ticket, it must be handled with legal precision to avoid scrutiny. The end goal is to align the structure with the project’s operational goals and compliance needs. 4. Regulatory-first tokenomics design No matter how great your Web 3.0 project ideas are, if you toil with your tokenomics, you’re giving the SEC an open invitation. Startups must think beyond utility and value capture to consider how their token models may be perceived under securities laws. Avoiding profit promises is essential. For example, it’s much safer to design structures for tokens to be earned through network participation or staking instead of speculative promises that entice people to participate during pre-launch. By doing this, you’re reducing legal exposure. More so, vesting schedules for team and investor tokens should be transparent and defensible. The more a token ecosystem is decentralized at launch, the lower the risk. Airdrops and ‘fair launches’ are also under scrutiny if tied to promotional schemes or disguised fundraising. Any Web 3.0 startup that embeds compliance in tokenomics has not only de-risked its operations but has also gained investor confidence by showing that its model can withstand regulatory due diligence. 5. Implementing an education compliance program Education is a powerful key and leveraging it can help Web 3.0 founders to avoid the SEC’s strong scrutiny. By ensuring that your team members understand compliance obligations, you can prevent inadvertent violations. When your team members are armed with the necessary knowledge, like periodic audits and internal legal reviews, how they consult with outside counsel will help smooth your project processes and avoid violations. Meanwhile, it’s also wise to engage with regulators when appropriate, for instance, you could submit no-action letters or seek interpretative guidance. A startup that shows proactive compliance is more likely to receive regulatory cooperation than a sanction. 6. Build a compliance shield – KYC/AML as a non-negotiable pillar While decentralization is a core value of Web 3.0, KYC (know your customer) and AML (anti-money laundering) protocols are non-negotiable from a regulatory perspective. The SEC, along with the Financial Crimes Enforcement Network (FinCEN), expects any entity engaged in token sales or exchanges to implement KYC/AML safeguards. Failure to do so not only attracts scrutiny but can invite criminal liability. Blockchain startups must integrate identity verification processes for investors and users – particularly during token distributions, fundraising or when providing financial-like services. Tools like Chainalysis or TRM Labs can also help monitor on-chain behavior for suspicious activity. Privacy does not mean anonymity in the eyes of regulators – it means responsible data management. Even decentralized autonomous organizations (DAOs) that facilitate economic activity must consider KYC obligations, depending on their functions. Embedding these checks from day one allows your project to scale lawfully. Moreover, demonstrating AML/KYC readiness opens up institutional partnerships and fiat on-ramp opportunities. In a maturing market, clean compliance can be more valuable than fast growth. 7. Understand how to navigate fundraising – From reg D to reg CF Do you know how to navigate fundraising without raising eyebrows? Whether it’s token sales, SAFEs (Simple Agreements for Future Equity) or even NFT-based fundraising, to avoid pitfalls, Web 3.0 founders must align their fundraising approach with one of the SEC’s recognized exemptions. One of these is Regulation D (Reg D). It allows private offerings to accredited investors without full SEC registration. It’s commonly used during token presales but requires proper filings (Form D) and marketing restrictions. Another is Regulation CF (Regulation Crowdfunding). It offers a path for raising from the general public, up to $5 million annually, with lower compliance burdens than IPOs. It still mandates disclosures, investor limits and platform usage. In order not to trigger SEC scrutiny, you must avoid these death traps, and they are as follows: misrepresenting the offering, failing to file accordingly and overselling tokens. More so, ensure your legal counsel is fully involved when structuring these rounds and drafting appropriate documentation. Smart fundraising isn’t just about capital – it’s about regulatory sustainability. 8. Staying ahead, constant monitoring and having an experienced legal counsel The path to success is not just paved with code and capital – it’s fortified with legal foresight. Hiring and retaining experienced legal counsel is not a luxury but a necessity. After my recent LinkedIn interview with Yarden Noy , blockchain legal and regulatory advisor at DTL Law, on the basic requirements of hiring a seasoned blockchain lawyer or advisor, here is his feedback. Noy said, “It’s not enough to simply know the law in this industry. “A seasoned blockchain lawyer should be able to analyze the unique model and features of a project, identify the relevant laws that apply or may apply to it and apply them in this constantly evolving and dynamic landscape. “And all of that must be in a way that facilitates the project’s growth – not stifling it. “Lawyers in this nuanced space need to have a good understanding not only of the law but also of the technology, the industry and the Web 3.0 community. “Even the best legal advice, when not coupled with an understanding of the unique features of the crypto world, would be of little to no use for a crypto entrepreneur.” Your legal advisor should not be left out on tactical activities like periodic legal reviews, audits and compliance updates that surround the legal boundaries of your project. Furthermore, as the SEC continues to evolve its posture on blockchain regulation, Web 3.0 startups must adapt continuously to match the changes in global regulatory frameworks. Startups must maintain internal communication channels for discussing compliance updates, ensuring all stakeholders – from developers to marketers – act in sync. The goal is not just to avoid enforcement but to build a business that can grow confidently under regulatory clarity. In conclusion, if you’re a founder pregnant with a revolutionary Web 3.0 idea, build boldly and legally – compliance isn’t a burden. Ejiofor Francis is a seasoned technology writer with over six years of experience. His current focus is on finance, blockchain, Al and tech matters. He loves helping both startups and mid-sized companies to develop great SEO content and marketing strategies that set them on the right track. Check Latest Headlines on HodlX Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post How a Startup Could Avoid SEC Scrutiny With Strong Compliance Strategies appeared first on The Daily Hodl .
TESLA TRADING AT $300 IN EXTENDED SESSION AFTER SINKING AS LOW AS $273 INTRADAY $TSLA $TSLL
Bitcoin long traders faced significant losses as the cryptocurrency’s price declined amid escalating macroeconomic tensions and intensified public disputes involving key figures. Long-term Bitcoin holders have increasingly liquidated positions following
Uber CEO Dara Khosrowshahi says the ride-sharing giant is looking at whether stablecoins can help it save when money around the world.
The post What Is Pi Network’s GCV and Why Is Everyone Talking About It? appeared first on Coinpedia Fintech News Pi Network’s GCV has become one of the most discussed topics in the community lately. Some believe it is the key to massive wealth, while others call it pure hype. What’s really going on? Let us break it down. The term GCV in the Pi Network community stands for Global Consensus Value, an idea introduced by Pi enthusiasts to set a fixed value for Pi Coin. Some fans claim that 1 Pi Coin equals $314,159, inspired by the mathematical constant π (pi). They say that Pi’s rising user base, real-world uses, and limited supply justify such a valuation and see it as a motivational tool to encourage adoption and participation. Critics See Red Flags But critics said that since there is no official approval or big exchange listings yet, it is just speculation and an unrealistic hope that might end up disappointing them. They even compare Pi Network to multi-level marketing or Ponzi schemes due to its reliance on social media campaigns and referrals. PI NETWORK NEWS: Big Congratulations to Mr. Vijay Soni as the Head of GCV Ambassador in France! Thank you for your outstanding creativity, leadership, and tireless commitment to advancing the GCV movement in France and across the world! Global GCV Core Team April… pic.twitter.com/JrdjbJqNkw — JoJo-π (@jojo102102) April 13, 2025 Dr Altcoin recently stepped up to clear the air. He clarified that GCV was never backed by market data or the Pi Core Team. It came from a group of early users who truly believed in Pi’s huge potential and promoted the idea through events, campaigns, and community efforts. The Reality Check The catch here is that while the Pi Core Team never officially endorsed GCV, they also never clearly rejected it. Their vague comments like “Pi is worth what pioneers make it worth” allowed the myth to spread. Pi is currently trading at about $0.6323, which is far away from the claimed $314,159. GCV supporters point to many blockchain transactions, but these involve only small items, not big purchases. One case showed paying thousands in fees for a $3 item that was very unrealistic. The GitHub Confusion Some people point to Kosasi’s GitHub to justify GCV, but the analyst says that the code was copied and has no link to the Pi Core Team. Many wrongly think the community can set Pi’s price, but he emphasized that real value comes from scarcity, utility, and trust, and not hype. With 100 billion coins, Pi is not scarce like Bitcoin. GCV would make Pi worth $72 trillion, which would be more than the world’s GDP, and far from being true. He has stressed the need for the Core Team to step up and clear the confusion. Focus on Real Progress Instead of chasing these shallow dreams, the community needs to focus on faster KYC, smooth mainnet launch, tokenomics clarity, migration speed, improved validator rewards, and real-world use cases that give Pi true value. With proper planning, real-world use, and transparency, Dr Altcoin predicts it to reach $100 to $300. Analyst Mr. Spock has also called out GCV promoters for misleading the Pi community. He warned that these false claims have crashed Pi’s price multiple times and hurt real Pioneers. The real threat is not the price, it’s the manipulation by people using Pi for personal gain, he said.
Romania’s national postal service, Poșta Română, has launched its first Bitcoin ATM, marking a pivotal moment in expanding cryptocurrency access nationwide. This initiative leverages the postal network’s extensive reach to