In May, bitcoin miner Riot Platforms produced 514 bitcoins, marking an 11% increase from the 463 mined in April and more than double the 215 produced in May 2024. Prioritizing Operational Excellence Bears Results Bitcoin miner Riot Platforms produced 514 bitcoins in May 2025, an 11% increase from the 463 bitcoins mined in April and
Wall Street firms are now betting that stablecoins will grow more than tenfold by 2030, hitting between $3 trillion and $4 trillion, according to a report from Citizens JMP Securities. The current market cap sits at $225 billion, but firms like Wells Fargo, Citigroup, and others are watching the space closely as new rules come into play and more institutions enter the scene. Devin Ryan, head of financial technology research at Citizens JMP, said they expect stablecoins to open up almost $100 billion in annual revenue for issuers. “Even as interest rates normalize off our $3 trillion estimate, we project a nearly $100 billion revenue opportunity for issuers, which for some will represent incremental fees while for others will be necessary to offset lower transaction fees,” he wrote . Banks, tech firms, and Congress push stablecoin adoption Devin explained that major players from different industries are now entering what he called a post-regulatory ‘land grab’, now that the path is clearer under the Trump administration. The White House has been rolling back Biden-era crypto policies, and Ryan believes that’s fueling new interest from traditional finance. Congress is also expected to pass the GENIUS Act — a bill focused on stablecoin legislation — as early as August 2025. At the same time, new regulatory systems are popping up around the world. Europe’s MiCA law is already active, while Singapore and others are building their own frameworks. The hope is that clearer rules will drive up global adoption and encourage more institutional use of stablecoins outside just trading. Citigroup’s Alex Saunders added more fuel to the forecast in a note on May 30, saying stablecoins could reach between $1.6 trillion and $3.7 trillion by 2030. Alex said the coins are being used as more than just bridge tokens in crypto. “There’s a case to be made for stablecoins as an alternative store of value or a hedge against inflation and political volatility,” Alex wrote. That’s especially true in countries facing currency issues or economic instability. Stablecoins link remittances, US debt demand, and digital payments Devin also said that stablecoins are now useful in everyday finance, things like remittances, business payments, and e-commerce. He pointed out their growing role in tokenized financial markets and said they offer a practical store of value in economies hit by inflation. On top of that, they might boost US debt demand. “Critically for the United States … we estimate the US could see a multi-trillion structural bid for its debt — supporting liquidity and reinforcing monetary leadership,” Devin wrote. Treasury Bills are already used to back many stablecoins, so more demand for these tokens means more demand for US bonds. Alex echoed that point, saying, “The US dollar’s reserve currency status is likely to be reflected in, rather than driven by, relative currency stablecoin issuance.” Both analysts agree that the growth of stablecoins could help keep the dollar strong globally. Meanwhile, the broader crypto market is also showing signs of strength, with Bitcoin staying well above $105,000 as of press time. On Wall Street, the Dow Jones jumped over 200 points — a 0.5% gain — marking four straight days in the green. The S&P 500 went up by 0.6%, and the Nasdaq rose by 0.8%, helped by tech stocks. Nvidia rose by nearly 3%, briefly pushing past Microsoft to become the world’s most valuable public company, yet again. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
The post Breaking: President Donald Trump’s Truth Social Files for Spot BTC ETF appeared first on Coinpedia Fintech News Truth Social, a social media platform backed by the United States President Donald Trump, has filed for a spot Bitcoin (BTC) exchange-traded fund (ETF) with the U.S. SEC. According to a recent SEC filing, the Truth Social seeks to list and trade shares of the Truth Social Bitcoin ETF on the NYSE Arca Exchange. The Truth Social Bitcoin ETF will be managed by Foris DAX Trust Company, LLC, whereby investors will only be allowed cash settlement. The filing of the Truth Social Bitcoin ETF follows a recent move by the Trump Media and Technology Group to raise $2.5B to implement a Bitcoin treasury management plan. Truth Social Affirms High Bitcoin Demand from Institutional Investors The filing of the Truth Social Bitcoin ETF aligns with the cryptocurrency agenda of the U.S. President Donald Trump. Furthermore, the Trump Organization and the Official Trump Meme ($TRUMP) have played a crucial role in the mainstream adoption of digital assets. The overall demand for Bitcoin by institutional investors as a hedge against inflation and macroeconomic uncertainty remains high. According to market data analysis from BitcoinTreasuries , 223 entities now hold more than 3.39 million BTCs as part of their treasury management strategy. Is BTC Price Ready to Moon? As Coinpedia reported , the rising demand for Bitcoin from institutional investors has helped increase bullish sentiment. The recent weekly rebound from a crucial support/resistance level around $104k is a clear indication that BTC price is preparing for a fresh rally towards a new all-time high. However, a consistent close below $103,336 in the coming days will further delay an anticipated parabolic rally.
Assets management firm Jacobi will now offer its spot Bitcoin exchange-traded fund (ETF) to European retail investors. The move follows regulatory approval by the Guernsey Financial Service Commission. According to an announcement from the firm, the Jacobi FT Wilshire Bitcoin ETF (BCOIN) , launched in 2023 on Euronext Amsterdam, will no longer be restricted to professional and institutional investors, with regulators now deeming it safe enough for retail. It said: “Retail investors, subject to the rules of their respective national regulators, can now access the Jacobi Bitcoin ETF via regulated brokerage and investment platforms.” The firm stated that this will increase accessibility to the product, which is in line with its mission to provide secure exposure to digital assets. With nearly two years of regulatory oversight as an institutional-grade product, removing the barriers is expected to boost its appeal. Meanwhile, the announcement noted that removing the restrictions on who can invest and the minimum investment amount is due to Bitcoin’s evolution over the past few years, making the once-niche cryptocurrency a mainstream asset. Jacobi BCOIN ETF could become the first Bitcoin ETF in Europe Interestingly, the Jacobi-issued BCOIN could become the first Bitcoin ETF to trade in Europe. While several issuers, including CoinShares and Bitwise, have issued physical Bitcoin exchange-traded products (ETPs) , there is no ETF for crypto assets. This is due to the Undertaking for Collective Investment in Transferable Securities (UCITS) framework, which does not allow funds with only one component. Despite the difference in nomenclature and framework, crypto ETPs in Europe are similar to the spot crypto ETFs in the US. CoinShares physical Bitcoin ETP and Bitwise Bitcoin ETP dominate the market with €1.499 billion and €1.198 billion, respectively. With BCOIN entering the scene, it hopes to attract investors’ interest in a sector with over 100 crypto ETP products. This could prove challenging given that even BlackRock IBIT ETP has only around €260 million. Presently, Jacobi BCOIN has around $1.9 million in assets under management. Meanwhile, Jacobi CEO Peter Lane praised Gurnsey’s approach to regulating the digital assets sector while adding that the firm is excited to make the Bitcoin ETF accessible in eligible countries. He said: “We applaud Guernsey as an innovative jurisdiction who have embraced the evolution of digital assets and look forward to bringing more innovative, digital asset products to market with robust regulatory oversight.” To secure approval, the UK-based asset manager worked with other firms, including Sigma Asset Management, Collas Crill, and Midshore Consulting. Guernsey is a dependency of the United Kingdom. Experts say BlackRock IBIT could finish 2025 with over 1 million BTC by 2026 ending While Jacobi is looking to attract investors to BCOIN ETF, spot Bitcoin ETFs in the US have seen sizable outflows for three consecutive days since May 29 as BTC price appears to be consolidating after the recent rally. According to Farside Investors data , spot Bitcoin ETFs have bled $1.23 billion over the past three days, with BlackRock IBIT alone seeing $561.4 million in outflows in the past two days. Despite the massive outflows, BlackRock IBIT remains a top performer and is expected to hit a new high soon. Bloomberg senior ETF analyst Eric Balchunas has predicted that BlackRock could become the biggest holder of Bitcoin by the end of next year, surpassing Satoshi, who has 1.123 million BTC. He said: “After only 16 months on the market, BlackRock’s iShares Bitcoin Trust ETF (IBIT) is the second-biggest holder of the token and on pace to pass Satoshi as the world’s largest by the end of 2026. IBIT has bought almost $50 billion worth of Bitcoin.” Unsurprisingly, IBIT is already the youngest ETF to be in the top 25 ETFs by value in over a decade, with over $70 billion in AUM, which is enough to rank it 23rd among the top ETFs. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Experts at a private luncheon emphasize the urgent need for preparedness against the looming quantum computing threat to Bitcoin’s security. Quantum computing advancements could enable attackers to reverse-engineer private keys,
At a private luncheon, experts advocated for “preparedness,” not “denial,” to overcome the quantum computing threat.
Donald Trump’s Truth Social platform is making a notable entrance into the cryptocurrency market with the filing of a new Bitcoin exchange-traded fund (ETF) proposal. The Truth Social Bitcoin ETF
Binance Coin (BNB) has risen by 12.1% over the past month, holding strong at $666.65 despite the recent market pullback triggered by rising U.S.-China trade tensions. Launched as a faster and more cost-effective alternative to Ethereum, the BNB Chain aims to deliver a streamlined smart contract experience for developers and users alike. However, this project is still rather small in terms of ecosystem value. According to DeFi Llama, its total value locked (TVL) in USD currently sits at $6.2 billion – just a tenth of Ethereum’s TVL. Meanwhile, only 3 decentralized apps built on the BNB Chain have a TVL that exceeds $1 billion compared to 22 on Ethereum. BNB Coin Price Prediction: Ethereum Dominates in Terms of Decentralization Decentralization may be the most relevant factor that has given Ethereum an edge over Binance’s blockchain. The Ethereum Virtual Machine (EVM) runs on thousands of independent nodes spread across the world. This guarantees that the blockchain will continue to run, even if the Ethereum Foundation experiences issues. In contrast, the BNB Chain has only 255 active nodes, most of which are based in the United States. This makes the network more susceptible to 51% attacks. In addition, the crypto community believes that Binance owns and operates many of these nodes. Hence, the operational continuity of the BNB Chain has been questioned as issues with Binance, the exchange, could jeopardize the network’s operations. Although the BNB Chain may not beat Ethereum as the largest smart contracts blockchain in the near future, that does not necessarily favor a bearish BNB Coin price prediction. Looking at the daily chart, BNB Coin could rise to $830 if it breaks above the $695 level. An ascending price channel has formed as a result of the latest price action. This is a bullish pattern that favors an imminent bullish breakout of this temporary ceiling. The price has once again found support at the triangle’s lower bound, emphasizing its relevance to market participants. After this brief period of consolidation, BNB Coin may be gearing up for some strong gains if a bullish breakout occurs. In the meantime, storing your crypto assets safely is key to profit from your investments as the market recovers. One of the best presales of the year , Best Wallet (BEST), offers attractive perks to early buyers who adopt its crypto wallet. Best Wallet (BEST) Nears $13M Raised to Launch its Web3 Storage Solution Best Wallet (BEST) aims to compete with top wallets like MetaMask and Phantom and gain market share by introducing innovative features that will help users make the most out of their crypto investments. This wallet supports assets in more than 60 different blockchains and will offer low fees for swap through the use of the $BEST token. In addition, a tool called Upcoming Tokens will allow investors to identify the best crypto presales while they are still flying below the market’s radar. As the wallet becomes widely adopted by the crypto community, the price of $BEST will skyrocket as it will provide users with fee discounts and early access to new features. To buy $BEST at its presale price, head to the Best Wallet website and connect your wallet (e.g. Best Wallet ). You can either swap USDT or ETH or use a bank card to invest. The post Can Binance Coin Flip Ethereum or XRP? BNB Price Prediction appeared first on Cryptonews .
BlackRock's $50 million Ethereum buy is a sign of corporate crypto surge
United States Securities and Exchange Commission (SEC) head Paul Atkins slammed the agency’s past regulation-by-enforcement approach to the digital asset industry, claiming that it “inhibited innovation” and invited “fraud” in a June 3 Senate testimony. Atkins Doubles Down On Crypto Approach Speaking before the United States Senate Appropriations Subcommittee on Financial Services and General Government, Atkins doubled down on the SEC’s new regulatory strategy toward the blockchain sector. BREAKING SEC Chairman Paul Atkins says his top priority is a clear, rational crypto regulatory framework —….. especially around custody & $XRP Clarity is coming. pic.twitter.com/30eyZLdwEg — 𝕏aif | (@Xaif_Crypto) June 3, 2025 “The Commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” said Atkins . “The Commission’s enforcement approach will return to Congress’ original intent, which is to police violations of these established obligations, particularly as they relate to fraud and manipulation.” The newly-appointed SEC chair also praised the creation of the agency’s Crypto Task Force, a digital asset working group spearheaded by Commissioner Hester Peirce in order to develop a crypto regulatory framework in line with the wants of Americans associated with the sector. “For too long, the Commission has been hindered by policymaking silos,” Atkins said. “The Crypto Task Force exemplifies how our policy divisions can come together to expeditiously provide long-needed clarity and certainty to the American public. “I am confident that Commissioner Peirce, known for her principled and tireless advocacy for common-sense policy, is the right person to lead the Crypto Task Force’s effort to come up with a rational regulatory framework for crypto asset markets,” he added. Trump Shift U.S. Regulatory Landscape Atkins’ remarks come amid sweeping regulatory changes to the crypto sector amid President Donald Trump’s second term as U.S. president. Trump, who largely ran on a pro-crypto stance, has drawn both criticism and praise for his affiliation with the digital asset industry while leading from the Oval Office. Just last month, Trump hosted the top 220 investors of his namesake meme coin, $TRUMP, to his golf club just outside of Washington D.C. for a gala dinner – drawing ire from his political opponents. “The American people deserve the unwavering assurance that access to the presidency is not being offered for sale to the highest bidder in exchange for the President’s own financial gain,” Senators Elizabeth Warren and Adam Schiff said in a recent letter. The post SEC Chair Paul Atkins Slams Regulation-By-Enforcement, Praises Crypto Task Force At Senate Hearing appeared first on Cryptonews .