Spoils of $1.5 Billion Bybit Hack Traced to Greek Crypto Exchange: Report

An unidentified individual received a large sum of Ethereum into a wallet on a Greek exchange, prompting local authorities to investigate.

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Top 10 Best Crypto Presales You Can’t Afford to Miss – Neo Pepe ($NEOP) Takes Center Stage!

The cryptocurrency space never sleeps, constantly unveiling thrilling investment opportunities and groundbreaking technologies. This June 2025, the crypto community is electrified by some of the most anticipated presales ever seen. From innovative Layer-2 scaling solutions to revolutionary meme coins with strong fundamentals, savvy investors are positioning themselves early to maximize potential gains. Here's your exclusive guide to the top 10 crypto presales dominating this month, led by the powerful and symbolic Neo Pepe. June’s Hottest Crypto Presales 1. Neo Pepe Coin ($NEOP) Neo Pepe has swiftly risen as the best crypto presale and the premier presale event this month, attracting widespread investor enthusiasm with its innovative 16-stage structure designed to generate excitement and urgency. Boasting a $50 million fundraising goal, Neo Pepe is more than just a meme coin—it's a powerful symbol of decentralization and financial autonomy, enhanced by an auto-liquidity system and robust governance mechanisms. Don't miss your chance to join this transformative movement early. You might want to get a little neo pepe now while it's early! Crypto Royal Exposes Neo Pepe's Hidden Strengths Crypto Royal cuts through market noise, pinpointing precisely why Neo Pepe Coin stands apart. Rather than repeating tired talking points, he explores fresh angles—emphasizing Neo Pepe's structural foresight, distinct presale dynamics, and meaningful community empowerment—which collectively position it ahead of rival meme coins. 2. LightChain (LIGHT) LightChain is capturing significant attention with its next-gen blockchain solution, delivering unmatched scalability, speed, and reduced transaction fees. With a developer-centric approach, LightChain is positioned to become a fundamental blockchain infrastructure of the future. 3. Solaxy (SOLX) This standout Solana Layer-2 solution addresses transaction speed and congestion issues. Investors eagerly await its imminent listing, given the strong presale demand and secured funding. 4. Bitcoin Bull Token (BTCBULL) BTC Bull token uniquely links its value to Bitcoin’s performance, providing investors engaging reward structures and impressive staking opportunities. Its compelling mechanics are generating considerable buzz. 5. Bitcoin Hyper (HYPER) Institutionally backed, Bitcoin Hyper introduces robust Layer-2 smart-contract capabilities directly to Bitcoin, appealing heavily to institutional and retail investors alike. 6. Best Wallet Token (BEST) Designed for Europe's stringent regulatory environment, Best Wallet Token is attracting attention for its compliance-focused, secure wallet solution, offering investors both utility and reliability. 7. Snorter Token (SNORT) Snorter Token enhances crypto trading with advanced Telegram bot functionalities, offering innovative safety features like honeypot and rug-pull detection, gaining rapid community approval. 8. Nexchain (NEX) Nexchain provides practical, real-world solutions for enterprise blockchain applications, particularly in supply-chain management and secure document verification, establishing credibility through clear utility. 9. Qubetics (QUB) Qubetics presents a robust cross-chain DeFi ecosystem complete with wallets, bridges, and staking options, attracting attention from investors looking for comprehensive crypto solutions. 10. BlockDAG (BDAG) BlockDAG is pioneering eco-friendly blockchain technology using Directed Acyclic Graph (DAG), promoting faster transactions and greener mining methods, making it a standout project. Seize Your Moment—Act Now! June 2025 is packed with presales poised for massive potential. From Neo Pepe’s revolutionary symbolism to LightChain's scalable blockchain technology, opportunities abound for the astute investor. Thoroughly examine each project's whitepaper, governance structures, and team backgrounds before taking action. Don't hesitate—secure your position today! Dive deeper into the Neo Pepe phenomenon and other dynamic presale opportunities by visiting the Neo Pepe Official Website and joining the active discussions at their socials. Your future in crypto awaits! Get Started with $NEOP Website: Neo Pepe Coin Official Whitepaper: Neo Pepe Coin Whitepaper Telegram: Neo Pepe Coin Telegram Twitter/X: Neo Pepe Coin Twitter Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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$2k in SOL at $0.50 made millionaires: This penny token could repeat it in 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A $2k bet on Solana at $0.50 made millionaires, now LILPEPE is drawing similar comparisons ahead of the 2025 bull run. Table of Contents The Solana blueprint: Can history repeat itself? What makes Little Pepe so unique? Experts are quietly accumulating The $1.4 million scenario: Is 700x realistic? $77,000 giveaway: LILPEPE gives back Final thoughts Solana ( SOL ) quietly traded below a dollar, more specifically, around $0.50, before the last bull run. While few paid attention at the time, those who did and invested just $2,000 became millionaires. Now, as 2025 approaches, a similar question is capturing investor curiosity: Could a new token replicate Solana’s meteoric rise? The Solana blueprint: Can history repeat itself? Those who recognized SOL’s potential before the crowd enjoyed one of the most explosive rallies in crypto history. Buying SOL at $0.50 netted you 4,000 tokens. When SOL peaked at $260, that modest $2,000 transformed into $1.04 million. It was a once-in-a-lifetime opportunity, or so we thought. In reality, these opportunities continue to emerge. The trick is spotting them early. With the market preparing for another bull run and memecoins taking center stage, Little Pepe (LILPEPE), the penny token, is increasingly being seen as the next potential moonshot. What makes Little Pepe so unique? LILPEPE isn’t just another memecoin. It’s being hailed as the first meme-powered Layer 2 blockchain where sniper bots simply don’t work, a significant innovation in a market plagued by front-running and bot exploitation. This makes it uniquely attractive to traders and retail investors who want a fair shot at profiting without being outgunned by automated systems. Its roadmap also hints at much bigger ambitions. From community-driven DEX launches to NFT integration and liquidity pool rewards, LILPEPE is building more than just hype, it’s creating an entire ecosystem. And most importantly, the numbers don’t lie. LILPEPE is currently in Stage 3 of its presale, with tokens selling for only $0.0012. Stage 2 sold out faster than expected, surpassing the total presale funding goal of $1.81 million. At this price, a $2,000 investment would net users over 1.6 million tokens. If LILPEPE were to hit just $1, a very modest target compared to Solana’s $260 peak, that would turn this $2,000 into $1.6 million. This isn’t just speculation, it’s a calculated bet on an emerging asset with real momentum and a fast-growing community behind it. Experts are quietly accumulating While not every early investor reveals their hand, insiders and anonymous experts are reportedly backing LILPEPE behind the scenes. Many of these exact figures played a crucial role in launching or advising top-performing memecoins in previous cycles. Now, they’re eyeing LILPEPE as the new frontrunner in the memecoin wars of 2025. This level of early backing suggests confidence that LILPEPE could go far beyond just a viral moment, it could be the memecoin of the next bull cycle. You might also like: From meme to the moon: Why LILPEPE might outperform XRP this bull cycle The $1.4 million scenario: Is 700x realistic? Some analysts are forecasting a 700x return on LILPEPE. While that might sound bold, consider this: Solana delivered over 500x its initial value in less than two years. If LILPEPE were to follow a similar path, and all signs point to a possible surge, then a $2,000 investment at today’s $0.0012 price could be worth approximately $1.4 million at its peak. 700x may be ambitious, but in crypto, especially during a bull cycle, it’s not unrealistic. Remember, Shiba Inu once turned a few hundred dollars into millions. PEPE climbed billions in market cap almost overnight. LILPEPE, with its real use case, Layer 2 innovation, and meme appeal, might be the most balanced contender of them all. $77,000 giveaway: LILPEPE gives back To celebrate its surging momentum and the community powering it forward, LILPEPE is giving back in a big way. Ten lucky winners will receive $77,000 worth of LILPEPE tokens each. To get in, participate in the Little Pepe presale, complete the giveaway tasks, and earn bonus entries. With the presale heating up and giveaway excitement adding fuel to the fire, LILPEPE is becoming impossible to ignore. Final thoughts Those who looked past the noise in the last cycle made life-changing money. In 2025, LILPEPE could play that same role, but with the added boost of meme virality, community strength, and blockchain innovation. If investors missed out on Solana at $0.50, this might be a second chance. At just $0.0012 per token, LILPEPE is the penny crypto that could mint a new class of millionaires in the next cycle. Read more: XRP targets $5 but Little Pepe presale steals the spotlight as it raises $200,000 on day 1 Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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Genesis DCG Lawsuit: Shocking Allegations Unveiled

BitcoinWorld Genesis DCG Lawsuit: Shocking Allegations Unveiled The crypto world is no stranger to dramatic turns, but few sagas have captured attention quite like the ongoing dispute between bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG). What began as a financial unraveling has escalated into an explosive legal battle, with Genesis now accusing DCG of knowingly enabling its own collapse. This isn’t just about a company going under; it’s about a deep dive into alleged corporate negligence and a stark reminder of the interconnectedness within the crypto ecosystem. The Explosive Genesis DCG Lawsuit: Unpacking the Allegations At the heart of the matter lies a newly unsealed complaint, first reported by Cointelegraph, that paints a damning picture of the relationship between Genesis and DCG. Genesis, once a prominent crypto lender, alleges that DCG executives, including CFO Michael Kraines, were not only aware of significant legal risks but also privately discussed worst-case scenarios should Genesis fail. This revelation suggests a level of foresight that clashes sharply with the public narrative of unforeseen market shocks. The core of the Genesis DCG lawsuit revolves around the accusation that DCG deliberately kept Genesis afloat, not to save it, but to allegedly drain its balance sheet and project a false sense of stability to the market. Imagine a lifeline being extended, not for rescue, but for strategic advantage – that’s the chilling claim Genesis is making. This isn’t merely a dispute over funds; it’s a profound challenge to the integrity and ethical conduct of a major player in the digital asset space. Did DCG Ignore Dire Financial Warnings Crypto? One of the most critical aspects of Genesis’s complaint is the assertion that DCG disregarded urgent warnings. External consultants reportedly flagged serious concerns, yet DCG allegedly delayed action, even as Genesis’s loan book ballooned from $4 billion to a staggering $12 billion. This isn’t a minor oversight; it points to a systemic disregard for crucial risk management, raising questions about accountability. Internal records cited in the complaint describe Genesis as “flying blind” during this period of rapid expansion. Furthermore, auditors had reportedly flagged serious control failures as early as 2020, years before the eventual collapse. These financial warnings crypto firms receive are meant to be red flags, prompting immediate corrective action. The alleged failure to act on these warnings, despite their severity and longevity, forms a significant part of Genesis’s case against its parent company. The Anatomy of a Crypto Lender Collapse: Beyond External Shocks While external events like the Terra-Luna crash and the Three Arrows Capital (3AC) implosion certainly contributed to market instability, Genesis’s complaint suggests internal factors played a far more insidious role in its crypto lender collapse . The lawsuit details a “toxic culture” within Genesis, where staff allegedly faced immense pressure to prioritize DCG’s interests, even if it meant compromising Genesis’s own financial health. Consider the aftermath of the 3AC collapse, a pivotal moment that sent shockwaves through the industry. Genesis staff were reportedly given scripted messages, while DCG executives allegedly downplayed the crisis internally. This alleged manipulation of information, if true, highlights a dangerous precedent for transparency and investor confidence in the crypto lending sector. It implies a deliberate strategy to manage perceptions rather than address underlying problems head-on, potentially leaving countless investors exposed. Digital Currency Group Under Fire: What’s Next for the Empire? The stakes in this legal battle are incredibly high. Genesis is now seeking over $3.3 billion in damages from DCG and its CEO, Barry Silbert. This isn’t their first skirmish; Genesis previously filed a $1.2 billion lawsuit against DCG in May. The escalating nature of these claims puts immense pressure on Digital Currency Group , a sprawling conglomerate that includes prominent entities like Grayscale, the manager of the world’s largest Bitcoin trust (GBTC). The outcome of this lawsuit could have far-reaching implications for DCG’s financial stability, its reputation, and its ability to operate effectively within the highly scrutinized crypto landscape. A multi-billion-dollar judgment against it could force significant restructuring or even divestment of assets, potentially reshaping the institutional crypto market as we know it. This legal saga serves as a stark reminder that even the largest players are not immune to intense scrutiny and accountability. Barry Silbert Allegations: At the Helm of the Storm? Central to Genesis’s claims are the direct accusations leveled against Barry Silbert, the founder and CEO of Digital Currency Group. As the architect of DCG and a highly influential figure in the crypto space, Silbert’s alleged involvement in the decisions leading to Genesis’s downfall places him directly in the crosshairs of this lawsuit. The complaint suggests a disparity between Silbert’s public persona as a visionary leader and the internal records detailing the alleged mismanagement. The Barry Silbert allegations underscore the challenges of corporate governance in a rapidly evolving industry. When a parent company’s interests are perceived to override those of its subsidiary, especially to the detriment of its creditors, it raises serious questions about fiduciary duties and ethical leadership. The legal battle will undoubtedly scrutinize his communications, decisions, and the extent of his knowledge regarding Genesis’s deteriorating financial health. Challenges and Implications for the Crypto Market This lawsuit isn’t just about two companies; it has broader implications for the entire crypto market. It highlights several key challenges: Loss of Investor Trust: Such high-profile disputes erode confidence, making investors wary of centralized crypto services. Regulatory Scrutiny: Lawsuits of this magnitude inevitably draw the attention of regulators, potentially leading to stricter oversight and new regulations for crypto lending and inter-company dealings. Interconnectedness Risk: The case exposes the dangers of highly interconnected corporate structures within crypto, where the failure of one entity can cascade throughout an entire group. Transparency Deficit: The allegations of downplaying crises and operating ‘blind’ underscore a persistent need for greater transparency in the digital asset industry. Actionable Insights for Crypto Participants While the Genesis-DCG saga unfolds, there are valuable lessons for investors and participants in the crypto space: Due Diligence is Paramount: Before committing funds to any platform, conduct thorough research into its parent company, its financial health, and its history. Look beyond marketing hype. Understand Interdependencies: Be aware of how different entities within a crypto conglomerate are connected. A problem in one division can quickly affect others. Diversify and Decentralize: Don’t put all your eggs in one centralized basket. Explore decentralized finance (DeFi) options, but understand their risks too. Diversification across different platforms and asset types can mitigate risk. Stay Informed: Follow reputable news sources and official court documents to understand the evolving landscape of crypto regulations and legal challenges. A Lingering Shadow Over Crypto Lending The Genesis-DCG lawsuit serves as a powerful reminder of the inherent risks and complexities within the crypto lending sector. It underscores the importance of robust corporate governance, transparent financial reporting, and ethical leadership. As the legal proceedings unfold, the crypto community will be watching closely, hoping that this painful chapter ultimately leads to a more mature, resilient, and trustworthy industry. The outcome of this unprecedented legal battle will not only determine the fate of Genesis and DCG but will also send a clear message about accountability in the digital asset space, potentially reshaping how crypto businesses operate and interact with their subsidiaries and, most importantly, with their customers. To learn more about the latest crypto market trends, explore our article on key developments shaping the digital asset space and institutional adoption. This post Genesis DCG Lawsuit: Shocking Allegations Unveiled first appeared on BitcoinWorld and is written by Editorial Team

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Bitcoin’s Rising Correlation With Stocks May Reflect Eroding Trust in the US Dollar, Experts Suggest

Bitcoin’s increasing correlation with the S&P 500 signals a broader market reaction to declining confidence in the US dollar rather than a simple alignment with risk assets. This trend reflects

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FUNToken Burns 25 Million Tokens to Fuel a Deflationary Future

Vienna, Austria, June 25, 2025 FUNToken, the utility token powering the future of decentralized gaming and Web3 engagement, has executed a major deflationary move: 25 million $FUN tokens have been permanently burned, removing them from circulation forever.🔗 View the burn on Etherscan This bold step underscores FUNToken’s commitment to long-term value creation and a community-first approach. In a world where inflation can dilute utility token ecosystems, burning tokens enhances scarcity and strengthens the economic foundation of the project. 🔥 Key Highlights of the Burn: 25M $FUN tokens permanently removed from circulation Further aligns with FUNToken’s deflationary economic model The smart contract is immutable, no new $FUN tokens will ever be minted Burn enhances scarcity and long-term value for holders Strengthening the FUNToken Ecosystem FUNToken’s mission is to redefine how value is created and distributed in the Web3 space. With this burn, the token supply becomes leaner, while demand continues to rise, driven by integrations across 40+ games (coming soon), AI-powered Telegram bots, and real-time user reward systems. This move supports a sustainable and scalable ecosystem that rewards user engagement while maintaining economic discipline. The burn event adds depth to the utility-first roadmap and provides additional confidence to both holders and new adopters. Community-Centric, Utility-Driven The $FUN economy is expanding across gaming, social, and DeFi platforms - all with a core emphasis on rewarding users for participation and creativity. This burn will not only reduce inflationary pressures but will also pave the way for more strategic token removals tied to staking, gameplay, and community milestones. What’s Next? This 25M burn is just the beginning. As the ecosystem scales, future burns will be strategically tied to usage metrics, in-game milestones, and revenue-based performance. Every burn reinforces FUNToken’s core value: utility + scarcity = strength. All burn transactions will be publicly verifiable via blockchain explorers to ensure full transparency. 🔗 View the burn on Etherscan About FUNToken FUNToken (FUN) is the leading Web3 utility token designed to fuel the future of decentralized gaming and entertainment. With a growing network of integrated games, Telegram AI bot, and reward systems, $FUN delivers instant, real-time incentives for meaningful online engagement. Learn more: https://funtoken.io Follow on X: https://x.com/FUNtoken_io Join the community (Telegram): https://t.me/FUNToken_OfficialChat Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Tether CEO Paolo Ardoino Makes Bold Statements About Bitcoin (BTC)!

The leading cryptocurrency Bitcoin (BTC) is on the rise again with FED Chairman Jerome Powell's interest rate cut statements and news of a ceasefire between Iran and Israel. At this point, while the BTC price rose above $ 108,000, bold statements came from Tether CEO Paolo Ardoino. According to The Block, Tether CEO claimed that the company could become the largest BTC mining company by the end of the year. Tether CEO recently said on the Big Brain podcast that Tether holds more than 100,000 BTC in total, and that the company’s Bitcoin mining operations play an important role in securing investments. Stating that they made approximately $13 billion in profit from mining in 2024 with their team of less than 200 people, the famous CEO stated that mining is important to secure Bitcoin investments rather than for profit purposes. Ardoino underlined that mining is necessary for Tether's BTC reserves, noting that Tether's Bitcoin mining operations are strategically important in securing the $10 billion Bitcoin investment. “I think if you have $1 million and you have to decide whether to invest it in Bitcoin mining or buying Bitcoin outright, it’s clear that you’re always going to make more money buying Bitcoin outright. But in our case, given our exposure to Bitcoin, it's important to be part of the security of the network. Realistically, by the end of this year, Tether will be the largest bitcoin miner in the market.” Tether, which has also made great strides in Bitcoin mining, has invested more than $2 billion in energy production and mining infrastructure at 15 sites in Uruguay, Paraguay, and El Salvador since 2023. *This is not investment advice. Continue Reading: Tether CEO Paolo Ardoino Makes Bold Statements About Bitcoin (BTC)!

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Top Cryptos to Watch: These Are Poised for Breakout According to Data

New on-chain data has revealed a widening profit gap across major crypto assets, fueling speculation on which coins are overheated and which are primed for a breakout. According to market intelligence platform Santiment, 94.5% of Bitcoin (BTC) holders are sitting on unrealized gains, with Ethereum (ETH) trailing slightly at 88.7%. On the flip side, less than half of Cardano (ADA) holders are in the green, highlighting deep-seated bearish sentiment and potential undervaluation. Behind the Divide Santiment’s analysis shows a classic market tension, where coins with the most holders in profit, like BTC, tend to attract investor confidence but also risk triggering sell-offs. This is especially relevant now, given Bitcoin’s recent climb past $106,000. In the last 24 hours, the king cryptocurrency gained a formidable 2%, and nearly 3.4% over the week, reinforcing its stronghold amid easing geopolitical tensions. Yesterday, on-chain expert Axel Adler Jr. confirmed that about 720,000 BTC were sold over the last two months. Yet, Bitcoin absorbed the pressure rather than crashing, thanks to strong demand from new buyers. The Realized Cap for 0–1 month holders spiked by $66 billion since April, marking one of the most significant profit-taking waves in recent memory. However, Adler’s UTXO model now shows a cooldown in selling, suggesting reduced downside risk in the short term. Meanwhile, ADA is spiraling in the opposite direction. Currently trading around $0.60 after a 23.6% slide in the last 30 days, only 46.5% of its holders are in profit, potentially making it attractive for long-term contrarians. While analysts such as Marcus Corvinus see bullish patterns and oversold RSI conditions, significant hurdles remain. Whale sell-offs, including a recent 270 million ADA dump, and persistent negative momentum are challenging such narratives. ETH, DOGE, and XRP Even as Bitcoin basks in broad profitability, major altcoins are painting a fragmented picture. ETH, with 88.7% of holders profitable, faces near-term leverage risks. Earlier in the week, Matrixport warned that crowded futures positioning could threaten further downside, contributing to its 4.2% weekly drop to around $2,430. Looking at XRP, with 65.1% of holders above water, and Dogecoin (DOGE), which has 64.7% of investors sitting pretty, there are still undertones of technical fragility. At the time of this writing, XRP was trading at $2.18, down 7.4% in the last month, while DOGE has been consolidating nervously between $0.16 and $0.18. Market watcher Ali Martinez recently warned that a break either way could trigger a 60% swing. All things considered, Santiment’s data suggests that coins like Chainlink (LINK), with just under 60% of its owners showing a return, and ADA may have untapped upside if broader sentiment lifts. Key triggers include Bitcoin’s ability to hold $100,000 support amid profit-taking, Ethereum’s leverage unwind, and whether the altcoins can convert technical oversold signals into sustained demand. The post Top Cryptos to Watch: These Are Poised for Breakout According to Data appeared first on CryptoPotato .

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Stablecoin Supply Surges by $5.67B in 30 Days as Ethereum and Tron Networks Lead the Charge

The total market for stablecoins is robustly expanding and gaining serious momentum in the past month. New data from DeFiLlama shows that the total stablecoin supply has risen a remarkable $5.671 billion in just 30 days. With this, the overall market supply of stablecoins now exceeds $251 billion — reflecting serious confidence and demand for these assets. Examining the data more closely allows us to see that about $3.366 billion of the growth, which is over half of what we recorded, can be attributed to stablecoins that work on the Ethereum network. This realization once again highlights the fact that Ethereum is a major hub for DeFi activity. It also dispels the naive notion that the growth of USDC and other stablecoins is somehow an anti-Ethereum phenomenon. According to DeFiLlama data, the total stablecoin supply has increased by $5.671 billion over the past 30 days, with more than half — $3.366 billion — coming from stablecoins on Ethereum. The total stablecoin supply now exceeds $251 billion, with USDT accounting for 62.1% of the… — Wu Blockchain (@WuBlockchain) June 24, 2025 USDT Dominates Market Share, Tron Surpasses 80 Billion Supply Milestone Tether (USDT) remains the dominant stablecoin in the market, with a 62.1% share of the total stablecoin market. USDT, the oldest and most-established stablecoin, has a position that remains unchallenged by potential rivals—newer issuers of stablecoins and alternatives to them, such as cryptocurrencies with value pegged to fiat currency. In a significant turn of events, the USDT supply on the Tron network has crossed the 80 billion mark — a big milestone for both Tether and Tron. This development makes Tron the second-largest blockchain in the USDT supply, right behind Ethereum. What makes this even more impressive is that Tron leads all blockchains in the daily USDT transaction volume. If that’s not a good sign for potential USDT users in terms of fees and speed, consider this: Tron could soon be the go-to blockchain for USDT. These developments could have big implications for stablecoin use across the globe. The USDT supply on @trondao just surpassed 80 billion! Tron is currently the second-largest network in USDT supply and the largest in daily USDT transactions pic.twitter.com/Y5amCSeow1 — Sentora (previously IntoTheBlock) (@SentoraHQ) June 23, 2025 The infrastructure of Tron appeals to users searching for scalable, cost-effective alternatives to Ethereum. The increasing adoption of USDT on Tron reinforces the trend of stablecoins finding utility in ways that go beyond just speculative trading. In fact, growing use of stablecoins like USDT in remittances, cross-border commerce, and on-chain payments is an important aspect of the utility narrative associated with these digital dollar alternatives. Circle Market Cap Overtakes USDC Circulation Amid Stock Market Surge At the same time, Circle — the issuer of the USD Coin (USDC) stablecoin — is also making news. At the close of the market on Monday, Circle’s market capitalization has now soared to $63.89 billion, and it’s definitely exceeding the circulating supply of USDC, which is currently at approximately $61.68 billion. As of Monday’s market close, Circle—the issuer of the stablecoin USDC—reached a market capitalization of $63.89 billion, surpassing the current USDC circulating supply of approximately $61.68 billion. Circle’s stock price briefly approached $300 during intraday trading before… — Wu Blockchain (@WuBlockchain) June 24, 2025 Circle has seen its valuation get slashed. But that has not harmed the company’s stock, which jumped to nearly $300 Wednesday before closing at $263.45. The nearly 12-point decline in lifetime Circle valuation didn’t seem to bother investors too much. They still appear to be buying into the story that says Circle, and with it USDC, is a player in the embedded finance space. Circle has been placing itself strategically as a transparent and regulatory-compliant stablecoin issuer to contrast with its less-than-stellar stablecoin counterparts. Unlike most stablecoin issuers, it’s focused on partnerships with traditional financial institutions and is even trying to expand into global payments the way that some crypto companies of yore did. All of this seems to work as potential factors for the projection of a current investor-confidence halo around Circle. Stablecoins Cement Role as Backbone of Crypto Economy The recent expansion of stablecoins underscores their key role in the wider crypto economy. Be it providing liquidity to DeFi protocols, powering rapid and low-cost payments, or acting as the go-between for fiat and digital currencies, stablecoins are showing themselves to be utterly essential. While regulatory bodies explore how to oversee a new digital asset realm and huge institutions show they’re interested, companies that issue stablecoins, like Tether and Circle, and networks that support them, like Ethereum and Tron, have stayed very much in the spotlight. And recent signals suggest not only that the stablecoin sector is growing but also that it has become a reasonably vital component of the financial system. More than $251 billion is now secured in stablecoins, and the next stage of crypto acceptance may be pushed by these digital dollars’ consistent and purposeful expansion across the several chains. Their growing adoption makes them one of the most relatable crypto products for governments and central banks to grasp—as they have done in recent months. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

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Federal Reserve’s Decisions Spark Excitement in Cryptocurrency Markets

The anticipation for Fed rate cuts increases excitement in the cryptocurrency markets. Upcoming U.S. Continue Reading: Federal Reserve’s Decisions Spark Excitement in Cryptocurrency Markets The post Federal Reserve’s Decisions Spark Excitement in Cryptocurrency Markets appeared first on COINTURK NEWS .

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