European football club Paris Saint-Germain (PSG) has become the latest to add Bitcoin to its balance sheet. The move marks the first sports entity to reveal a Bitcoin treasury strategy. Announced at the Bitcoin 2025 conference in Las Vegas, the global club with over 550 million fans worldwide, is all about “what’s next,” said Pär Helgosson, head of PSG Labs. “Just like Bitcoin.” Helgosson called the adoption a “new generation trend,” and said that PSG started acquiring Bitcoins last year. The club’s spokesperson emphasized that 80% of PSG’s fan base is below the age of 34. “Last year, we put Bitcoin in our books. So, we took our fiat reserve and allocated Bitcoin. We still have that in our books.” JUST IN: European soccer giant Paris Saint Germain announces they adopted a #Bitcoin treasury reserve pic.twitter.com/nGeq7bUyBJ — Bitcoin Magazine (@BitcoinMagazine) May 29, 2025 The team is facing off in the Champions League soccer finals next week in Munich. PSG is currently the champion of the French domestic Ligue 1. Football Remains Most Popular Sport for Crypto A recent study by Sport Quake said that football made up 43% of all crypto and digital asset sponsorship for the 2024/25 season. This has resulted in a 64% year-over-year increase in the total amount of sponsorships. “All the growth is from football (soccer) and non-US spend as brands invest in global sponsorships and international markets while they wait to see President Trump’s US crypto policies,” said Matt House, CEO of SportQuake. Further, 44% of all crypto football sponsorships happen within Europe’s top five leagues, including France’s Ligue 1. PSG’s decision to venture into crypto accumulation follows a growing trend among corporations to include Bitcoin in their balance sheets. Corporate Adoption of Bitcoin, Crypto is Accelerating Bitcoin has become a treasury preference for more companies and brands, following President Donald Trump’s strategic Bitcoin reserve order, which helped clear the path. Dom Harz, Co-Founder of BOB (Build on Bitcoin), told Cryptonews that “ETFs have a lot to do with” the adoption. “The most interesting change we’ve seen over the last two years is the mood shift between Bitcoin once being a speculative bet and now being a strategic play for corporations,” he said via email. “From a corporate point of view, there is massive appeal. They would have a passive yield on their assets, and it offers them diversity from traditional investments.” The post Football Team Paris Saint-Germain Scores Bitcoin Treasury Strategy appeared first on Cryptonews .
The U.S SEC’s Division of Corporation Finance clarified Thursday that proof-of-stake blockchain protocol staking activities are not considered security transactions within the scope of the federal securities laws. The Securities and Exchange Commission (SEC) said the Division’s remarks apply to persons who self-stake certain covered crypto assets on a PoS network. Proof-of-stake network mechanisms are structured to incentivize users to voluntarily coordinate and cooperate to secure the network. The U.S SEC noted that uncertainty about regulatory views on staking discouraged Americans from doing so for fear of violating securities laws. The agency said the uncertainty also constrained participation in network consensus and undermined the decentralization, censorship resistance, and credible neutrality of PoS blockchains. U.S SEC aims to provide clarity for digital asset stakers in the U.S. 1/ Today the @SECGov issued guidance on activities involving "staking" / proof-of-stake consensus mechanisms. As in its POW/mining guidance, the SEC affirmed that participation in protocol staking activities does not require registration under the securities laws. pic.twitter.com/zArQ5lz8KD — Rebecca Rettig (@RebeccaRettig1) May 29, 2025 The Division of Corporation Finance acknowledged on May 29 that proof-of-stake blockchain staking activities are not considered security transactions within the confines of the federal securities laws. The U.S SEC noted that the Division’s statement aims to provide clarity for stakers and staking-as-a-service providers in the U.S. The agency also mentioned that the Division’s remark applies to persons who self-stake certain covered digital assets on a proof-of-stake or delegated PoS network. The SEC’s statement also applies to non-custodial and custodial staking-as-a-service providers that facilitate PoS staking on behalf of others. According to the U.S SEC , the statement explains that pairing certain ancillary services with non-custodial or custodial staking services does not make providing staking services a securities offering. The government entity also noted that ancillary services include the provision of slashing coverage, which allows digital assets to be returned to a staker before the end of the protocol’s unbounded period. The provision also delivers earned rewards based on an alternative rewards payment schedule and in alternative amounts. The Division added that slashing coverage aggregates stakers’ virtual assets together for the purpose of satisfying a network’s minimum staking requirements. “I expect that the Division and Crypto Task Force will continue to develop views about security status for other activities, products, and services involving participation in network consensus.” – Hester Peirce , Commissioner of the Securities and Exchange Commission. Chief legal officer at Jito Labs Rebecca Retting argued that the SEC’s conclusion cleared the path for crypto exchange-traded funds to include staking in their products. The SEC has been making efforts to offer more clarity to crypto regulation since the departure of former Chair Gary Gensler. During Gensler’s reign, the agency had taken issue with staking services from Kraken, Coinbase, and Metamask. U.S SEC says PoW doesn’t implicate U.S. securities laws Since President Donald Trump took office in January, the agency has dropped enforcement actions against major crypto industry players and re-examined rules affecting the crypto space. Republican acting Chair Mark Uyeda has also created a crypto task force to be led by fellow Commissioner Hester Pierce. SEC Commissioner Caroline Crenshaw noted that it has been four months since the launch of the agency’s Crypto Task Force, which she believes will deliver a clear regulatory framework. Crenshaw argued that the SEC’s approach doesn’t promote clarity but continues to sow uncertainty around what the law is and what parts of it the Commission is willing to enforce, which she said is bad for investors and the markets. The SEC’s Division of Corporation Finance also clarified on March 20 that proof-of-work mining activities are not considered securities activities. The agency added that it’s the Division’s view that participants in mining activities do not need to register transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration in connection with mining activities. The agency referred to the Howey Test – 1945 U.S. Supreme Court case frequently cited by the U.S SEC to determine if an asset qualifies as an investment contract and, therefore, a security – to form its conclusion on Thursday. The Commission argued that a miner’s self-mining is not undertaken with expectations of profits to be derived from the entrepreneurial or managerial efforts of others. The SEC believes that rather, a miner contributes its computational resources, which secure the network and enable the miner to earn rewards. The agency added that mining pools do not expect profits, just like mining. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Paris Saint-Germain (PSG) holds bitcoin on its balance sheet and is actively supporting the Bitcoin ecosystem through its PSG Labs initiative, club executive Pär Helgosson announced at the Bitcoin 2025 conference in Las Vegas. Paris Saint-Germain Reveals Bitcoin Treasury Allocation, Backs Ecosystem Helgosson, head of PSG Labs, revealed that the global football club allocated a
On June 26, Sofia will once again host one of the most anticipated events in
AVAX tested the $25 resistance as whales accumulated and retail activity drove short-term momentum.
Enterprise blockchain adoption is giving XRP a fresh institutional push as two new developments spotlight the token’s growing utility in both lending and derivatives markets. US-based data center operator Hyperscale Data has announced plans to invest up to $10 million in XRP to support the launch of a blockchain-based lending platform tailored to public companies listed on major US stock exchanges. At the same time, the Chicago Mercantile Exchange (CME) has seen a strong response to its recently launched XRP futures contracts, which recorded $86.6 million in trading volume during their first week, with nearly half of that activity occurring outside US trading hours. Hyperscale Data Bets on XRP With $10M Allocation for Enterprise Lending Platform Hyperscale Data, a prominent US data center operator, is making a bold leap into decentralized finance (DeFi) with plans to purchase up to $10 million worth of XRP as it prepares to launch a blockchain-based enterprise lending platform in Q3 2025. The initiative, led by its investment arm Ault Capital Group (ACG), targets publicly listed companies and represents a significant push toward integrating tokenized digital assets into traditional financial operations. A Blockchain Lending Platform for Listed Corporations At the heart of the initiative is a novel XRP-powered lending system designed specifically for US public companies listed on the NYSE, NYSE American, and NASDAQ. Initially rolling out in beta, the platform will enable eligible firms to borrow XRP on custom terms, secured either by traditional collateral or via convertible instruments tied to the borrower's registered equity. According to Hyperscale, this lending mechanism will provide corporations with an alternative liquidity option—especially appealing to firms seeking blockchain-native solutions without sacrificing the regulatory rigor and transparency demanded by public markets. The company confirmed that all lending operations will be built on the XRP Ledger (XRPL), a blockchain network widely known for its fast settlement speeds and low transaction costs. These technical advantages, Hyperscale believes, make XRPL uniquely suited for high-throughput enterprise applications. To manage volatility, Ault Capital Group plans to use XRP futures contracts on the Chicago Mercantile Exchange (CME) as a hedge. This strategic move aligns the firm with institutional-grade risk management practices, allowing them to maintain operational stability even during periods of crypto market turbulence. Conditional Rollout Based on Market and Regulatory Clarity While Hyperscale Data’s XRP acquisition signals strong confidence in blockchain finance, the company was careful to note that the platform’s launch schedule and scale remain subject to regulatory and market conditions. Any substantial shifts in the US Securities and Exchange Commission’s (SEC) stance on XRP or broader crypto regulations could impact the project’s progress. The company emphasized that it is closely monitoring the regulatory environment and stands ready to adjust the scope or timing of the project as needed. Despite potential roadblocks, Hyperscale Data’s commitment to investing up to $10 million in XRP positions it among the first institutional players to bring tokenized finance directly into the public equity sphere. While other blockchain lending protocols have primarily targeted crypto-native users or retail borrowers, Hyperscale’s approach signals a shift toward enterprise-grade DeFi infrastructure. If successful, this initiative could create a new financial pipeline for public companies, offering greater flexibility in capital structuring, while also validating blockchain as a serious tool for traditional finance. Ripple Effect on XRP’s Institutional Appeal The announcement may also mark a turning point for XRP itself, which has long been associated with cross-border payments but has struggled to gain widespread institutional lending adoption amid ongoing regulatory scrutiny in the United States. A structured, compliant use case like Hyperscale’s platform could enhance XRP’s legitimacy in the eyes of traditional financial institutions. Furthermore, Hyperscale’s infrastructure advantage as a data center operator may enable smoother integration between off-chain enterprise systems and on-chain transactions—another potential draw for publicly listed firms wary of crypto’s technical and regulatory complexities. As the world of traditional finance and decentralized technologies continue to converge, Hyperscale Data’s XRP-backed lending platform represents a bold experiment with institutional ramifications. By targeting publicly traded firms and layering crypto-native innovation with regulatory awareness and traditional hedging strategies, the company may be laying the groundwork for a new era of blockchain-based capital markets infrastructure. CME’s XRP Futures See $86M in First Week as Global Traders Fuel Non-US Demand In related news, the Chicago Mercantile Exchange (CME) has successfully launched regulated XRP futures, marking another significant step in the maturation of the cryptocurrency derivatives market. Just one week after their debut, the futures have registered $86.6 million in volume, with a notable share of activity driven by international participants outside of US trading hours, according to a CME spokesperson. This early traction shows XRP’s global utility as a cross-border payments asset and the growing appetite among institutions and traders to gain regulated exposure to it without the need to hold the underlying tokens directly. Strong Global Demand and Off-Hours Activity Data shows a total of 4,032 contracts were traded during the first six trading days, with 46% of that volume occurring during non-US trading hours. The spokesperson further emphasized that a substantial portion of the participation came from outside the US, reflecting XRP’s status as a truly international digital asset. The high levels of engagement during non-US sessions point to demand from regions such as Europe, the Middle East, and Asia, where Ripple’s technology and XRP’s use in payment corridors have seen considerable adoption. CME’s XRP futures contracts come in two formats: a standard contract representing 50,000 XRP and a micro contract representing 2,500 XRP. Both contracts are cash-settled and derive their pricing from the CME CF XRP-Dollar Reference Rate, which is calculated daily at 4:00 p.m. London time. This structure allows institutional and professional traders to gain price exposure to XRP without the operational or custodial complexities associated with owning the token directly. It also offers an opportunity to hedge existing crypto positions or speculate on future price movements within a secure, regulated environment. XRP’s Unique Position in Cross-Border Finance XRP has long been positioned as a payments-focused cryptocurrency, designed to facilitate fast, cheap, and scalable international money transfers. Ripple , the fintech firm behind its development and ecosystem support, utilizes XRP and the XRP Ledger (XRPL) in solutions like RippleNet and On-Demand Liquidity (ODL)—services adopted by banks and remittance providers across multiple continents. The release of futures products on CME, the largest derivatives exchange globally, represents institutional validation of XRP’s market relevance and liquidity, despite lingering regulatory ambiguity in the US. The timing of this launch may also prove strategic, as regulatory frameworks around crypto derivatives continue to evolve in the US and abroad. With CME’s strict compliance requirements and oversight, these XRP futures provide institutions a way to access the asset class within regulated parameters, a significant factor for fund managers and corporate traders seeking risk-managed exposure. The international interest also signals broader trends in tokenized payments and blockchain-based financial rails, which continue to gain traction amid calls for faster, more transparent cross-border settlements. What This Means for XRP’s Market Dynamics The immediate success of XRP futures on CME could have broader implications for the digital asset’s market structure. Increased futures trading often correlates with improved price discovery, greater liquidity, and a more diverse participant base. It may also pave the way for future financial products such as ETFs or structured notes tied to XRP’s performance. Moreover, the global participation, nearly half of which occurred during non-US hours, reaffirms XRP’s importance beyond US borders, where regulatory hurdles have not been as pronounced.
The post Pi Network Price Prediction for June 2025 appeared first on Coinpedia Fintech News Pi Network made an impressive start this month, but it was short-lived. The token has dropped over 75% from its February high near $3 and is currently sitting at $0.6894, down 6% in the last 24 hours and 15% over the week. Pi Coin Stuck In Tight Range With Bearish Trends Pi is currently stuck in a tight range between $0.688 and $0.816, and is hovering above key support levels. Despite the price dip, trading volume is up 42% in the past day to $158 million. But on-chain data reveals rising exchange inflows, a sign that more Pi is being prepared for selling as 263 million Pi coins will be unlocked in June, 233 million in July, and 132 million in August. The coin’s trend remains bearish with all key moving averages (10, 20, 50, 100-day EMAs and SMAs) sitting above the current price. The Bollinger Bands are tightening, and the MACD is negative. RSI is also neutral at 43.6. Unless the Pi breaks above the $0.75-$0.78 resistance range, the next key support levels are $0.60 and $0.50. If the buying volume picks up, it could retest the $0.85-$0.85 zone. However, on the flip side, it could stay stuck between $0.70 and $0.76 through May 31. Will Pi Rebound Above $1? As the first half of the year comes to a close, Pi could face more selling pressure if fear and doubt grip the market. This could push the price to $0.58-$0.65 in the short term. According to CoinDCX , if the buyer interest returns and volume picks up, it has a chance to rebound toward the $1.00-$1.20 level. If there is momentum, it could even finish June at $1.82. The price of Pi will likely continue to decline until the end of August, after which it may slowly start to recover. I previously predicted it could drop to $0.40—unless the Pi Core Team becomes transparent. No investor wants to put money into something where the founders refuse… pic.twitter.com/KEvAwOyhX9 — Dr Altcoin (@Dr_Picoin) May 28, 2025 However, analyst Dr Altcoin predicts that Pi’s price may keep falling through August, after which it may slowly start to recover. He had previously warned that it could drop to $0.40, unless the Pi Core Team steps up with more transparency. In the long term, Pi network is pushing to build value through its $100M Ventures Fund aimed at real-world use cases in fintech, gaming, e-commerce, and AI. But for now, the technical picture stays weak until demand picks up.
Panama City is exploring innovative ways to enhance its shipping efficiency, including a proposal for ships to pay fees in Bitcoin for expedited transit through the Panama Canal. This initiative,
Bitcoin (BTC) is hovering around $106,124, down 1.36% in the past 24 hours, with a hefty $57.7 billion in trading volume. But that hasn’t dampened the excitement coming out of New York City, where Mayor Eric Adams unveiled a groundbreaking initiative: BitBonds—the world’s first municipal bonds backed by Bitcoin. HUGE BREAKING: NEW YORK CITY MAYOR SAYS HE WILL BE THE 1st CITY IN THE WORLD TO ISSUE A #BITCOIN BOND FINANCIAL INSTRUMENTS BACKED BY BTC ARE COMING. MASSIVE pic.twitter.com/rlr1ISTn34 — The Bitcoin Historian (@pete_rizzo_) May 28, 2025 Speaking at the Bitcoin 2025 Conference in Las Vegas, Adams shared his vision of using BitBonds to attract crypto-savvy investors. Unlike traditional bonds secured by fiat currency, BitBonds will be backed by Bitcoin, offering potential returns tied directly to BTC’s performance. It’s still unclear if interest payments will be in Bitcoin or fiat, but the move signals a growing embrace of digital assets in mainstream finance. $552 million worth of BitBonds announced BTC-backed bonds mark a new era in municipal finance Investors can leverage Bitcoin to fund NYC projects Navigating Regulation as NYC Bets on Crypto Of course, this bold move isn’t without challenges. New York’s tough BitLicense rules could complicate the rollout, with critics arguing that such regulations stifle innovation. Adams, however, is pushing for more flexible policies to support crypto adoption. To make this happen, he’s set up a Crypto Council to guide digital asset strategies and position NYC as a global hub for crypto innovation. On the national front, crypto momentum is building. President Donald Trump’s recent executive order established a U.S. Strategic Bitcoin Reserve, acquiring about 200,000 BTC to promote government-driven Bitcoin adoption. This aligns perfectly with NYC’s local efforts, reinforcing the state’s ambition to lead in crypto finance. Crypto Council shaping NYC’s digital asset future Trump’s Strategic Bitcoin Reserve adds national momentum NYC aims to become a global crypto finance leader Bitcoin (BTC/USD) Technical Picture: A Path to $250K? On the technical front, Bitcoin price prediction seems bearish as BTC has dropped below the 61.8% Fibo area. At the moment, Bitcoin is testing the $106,100 zone after slipping from $107,000. The chart shows a broadening wedge pattern with a break below support, while the 50-EMA at $107,882 now acts as resistance. The MACD indicates a deepening bearish trend, and candlestick patterns reflect market indecision. Bitcoin Price Chart – Source: Tradingview However, the Optimized Trend Tracker (OTT), a favorite among macro traders, has triggered a bullish breakout signal. According to Stockmoney Lizards , Bitcoin’s price could reach $180K–$200K by the end of 2025, with a stretch target of $250K by 2026. P.S.: The top of my box is not the target (i.e. 1M). For this year I would target 180 – 200k. Maybe extension into 2026 and hit 250k. — Stockmoney Lizards (@StockmoneyL) May 28, 2025 OTT signals Bitcoin is primed for a major leg up $180K–$200K target for 2025, $250K extension possible BTC price action hinges on a recovery above $107,900 or risks further drops below $106,000 SUBBD Presale Surpasses $552K, Redefining Content Creation SUBBD is revolutionizing the content creation landscape with a Web3 platform designed to empower both creators and fans. With over 2,000 creators and a combined audience of 250 million already on board, this isn’t just a presale, it’s a movement gaining momentum. At its heart, SUBBD transforms the way creators and fans connect. Forget middlemen and censorship. With AI-driven tools, seamless token-gated rewards, and a dynamic ecosystem, fans gain access to exclusive drops while creators monetize directly. It’s a space built for authentic engagement and creativity. Stake your $SUBBD tokens to unlock a suite of rewards, including XP boosts, premium content, exclusive raffles, and VIP livestream access. Fans can use earned credits for perks, while token holders gain a voice in governance voting. The presale has already raised over $552,317 out of a $751,960 target, with each $SUBBD priced at $0.055525. The momentum is building fast, and the remaining allocation is limited. Join the future of decentralized content today. Visit the SUBBD platform, connect your wallet, and swap USDT, ETH, or use a bank card to secure your stake in this evolving content ecosystem. The post Bitcoin Price Hits $106K as NYC Plans $552M BitBond Launch and Forecasts $250K appeared first on Cryptonews .
The US has imposed sanctions on a Philippines-based digital infrastructure provider accused of facilitating a large-scale crypto scam that have led to over $200m in reported losses from American victims. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Thursday that it has designated Funnull Technology, along with its administrator, Liu Lizhi, for supporting cyber-enabled investment fraud operations, often known as “ pig butchering” scams . “Today’s action underscores our focus on disrupting the criminal enterprises, like Funnull, that enable these cyber scams and deprive Americans of their hard-earned savings,” said Deputy Secretary of the Treasury Michael Faulkender. Today, the Department of the Treasury’s Office of Foreign Assets Control sanctioned Funnull Technology Inc., a Philippines-based company that provides computer infrastructure for hundreds of thousands of websites involved in virtual currency investment scams, commonly known as… — Treasury Department (@USTreasury) May 29, 2025 US Treasury Links Funnull to Infrastructure Behind Widespread Crypto Fraud According to the Treasury, Funnull provided technical infrastructure for hundreds of thousands of scam websites. Many of these sites were tied to crypto fraud. In particular, they targeted Americans through fake investment schemes. The company allegedly bought IP addresses in bulk from cloud service providers. It then sold them to cybercriminals. These actors used the infrastructure to host scam websites and other malicious content. Moreover, investigators say Funnull’s infrastructure supported many platforms flagged in crypto scam reports to the FBI. Victims of these scams reported average losses of more than $150,000. Typically, the scams rely on false identities and scripted conversations. These are used to build trust with victims. Eventually, the victims are persuaded to invest in fake digital assets through counterfeit platforms that display falsified returns. Authorities Say True Victim Losses Likely Much Higher Than Reported The schemes are increasingly operated by criminal organizations based in Southeast Asia. Some of these groups reportedly use trafficked labor to carry out the scams. Once a victim refuses to invest more, the scammer cuts off communication. At that point, the entire investment vanishes. Meanwhile, Funnull allegedly used domain generation algorithms to create large volumes of deceptive website names. It also distributed web design templates that helped scammers quickly launch new fraudulent sites. In 2024, the company was found to have altered a widely used code repository. This modification redirected traffic from legitimate websites to scam and gambling platforms, some of which are linked to money laundering networks. In addition, the Treasury said Liu Lizhi managed internal operations at Funnull. He kept spreadsheets tracking employee performance, assigned tasks, and domain usage tied to fraudulent activity, including phishing and gambling sites. To support detection efforts, the FBI, working in coordination with the Treasury, plans to release a cybersecurity advisory. It will include technical details to help identify infrastructure linked to Funnull. Finally, authorities warn that reported losses may severely understate the true scale of damage. Many victims of online scams never report the crime. The post US Blacklists Philippines Internet Infrastructure Provider Tied to $200M Crypto Scam appeared first on Cryptonews .