🗞 June 8, 2025 cryptocurrency news highlights

【Cryptocurrency】
This week, the US Ethereum Spot ETF saw a net inflow of $2.813 billion, marking the longest net inflow streak since November 2024.

【Economy】
Cathie Wood supports Tesla stock: If she can only choose one stock to invest in, she will choose TSLA

【Indicators】
James Wynn opens a 40x "Ant Farm" Bitcoin long position, with a margin of only about $460

【More】
The probability of Elon Musk creating a new political party this year is currently pegged at 16% on Polymarket.

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Turbos Finance launches Liquidity Rush, a liquidity mining event, offering a 200,000 TURBOS reward pool💃

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Michael Saylor posted the Saylor Bitcoin tracker again🚀

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Unstaked’s Presale Reaches $9.2M in Funding! Ethereum Drops & HYPE Sees Whale Action🔹

Ethereum has dropped nearly 10% amid rising market volatility, while whale activity in Hyperliquid (HYPE) raises concerns. In contrast, Unstaked is gaining momentum, raising $9.2 million in its presale and earning attention for its AI features, governance, and user reward model.

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Bitcoin to Solana: Crypto Prices Stay High Above Global Averages in South Korea💰🪙

Over the past 17 days, since late May, Bitcoin has been trading in South Korea at a premium, with the price gap exceeding 3% by the end of the month. As of Sunday, June 8, Bitcoin is priced more than $1,500 higher in South Korea than the global average.

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Michael Saylor Doubles Down: Still Bullish on $13M Bitcoin Forecast 📈

Michael Saylor reaffirmed his ultra‑bullish stance, stating he’s “more bullish” on his projection of Bitcoin reaching $13 million by 2045—based on sustained ~29% annual growth. He credits rising institutional demand, shrinking supply, and the proliferation of Bitcoin-holding public companies. Saylor emphasizes that Bitcoin treasury firms are absorbing nearly all daily supply, reinforcing his long-term outlook

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ANS for CLARITY Act Posted Ahead of House Financial Services Markup 📝

The updated Amendment in the Nature of a Substitute (ANS) for the CLARITY Act has been posted ahead of the June 10 markup by the House Financial Services Committee. It introduces recent changes focused on digital asset regulation, setting the stage for upcoming discussions.

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✔ This week's crypto market highlights:

⚫️ Elon Musk announces XChat with Bitcoin-style encryption
⚫️ Ross Ulbricht receives 300 BTC donation worth $31.4m
⚫️ Singapore MAS bans unlicensed crypto firms from serving overseas
⚫️ Tether launches XAUt0 on TON
⚫️ Moscow Exchange launches BTC futures for qualified investors
⚫️ Franco-Moroccan man arrested for crypto kidnappings
⚫️ Metaplanet issues 555m warrants to raise $5.4bn for Bitcoin
⚫️ Apple, X, Airbnb, Google explore stablecoin integration
⚫️Gemini files for IPO

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Ethiopia has officially banned the trading of virtual currencies, allowing only the Ethiopian birr for transactions.

Despite the prohibition, authorities are preparing crypto regulations and training experts to monitor illicit crypto activity, with support from the UN, Russia, and regional partners.

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Strategy has added 1,045 BTC for ~$110.2m at an average price of ~$105,426, bringing its YTD 2025 BTC yield to 17.1%.

As of June 9, the firm holds 582,000 BTC bought for ~$40.79bn at an average of ~$70,086 per coin.

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Argentina’s Anti-Corruption Office has cleared President Javier Milei of ethics violations related to his promotion of Libra ($ LIBRA), stating his post was not an official endorsement. However, criminal investigations and class-action lawsuits remain active in Argentina, the U.S., and the UK.

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🗞 June 9, 2025 cryptocurrency news highlights

【Cryptocurrency】
Ethiopia has officially banned the trading of virtual currencies, allowing only the Ethiopian birr for transactions.

【Economy】
Argentina’s Anti-Corruption Office has cleared President Javier Milei of ethics violations related to his promotion of Libra ($ LIBRA), stating his post was not an official endorsement. However, criminal investigations and class-action lawsuits remain active in Argentina, the U.S., and the UK.

【Indicators】
Strategy has added 1,045 BTC for ~$110.2m at an average price of ~$105,426, bringing its YTD 2025 BTC yield to 17.1%.

【More】
Michael Saylor Doubles Down: Still Bullish on $13M Bitcoin Forecast 📈

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Publicly traded investment holding company Belgravia Hartford announces its first Bitcoin purchase for its reserves 🙌

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Strategy adds 1,045 Bitcoin for $110M, bringing its total to 582,000 BTC—over 2.75% of the supply—as it boosts its stock offering to $1B for more buys.😦

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BlackRock’s IBIT hits $70B in 341 days—the fastest ETF to reach the milestone, nearly 5x quicker than GLD 📈

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Paraguay President's X Account Hacked, Shares Bitcoin Scam‼️

Paraguayan President Santiago Peña's X account was hacked, falsely claiming that bitcoin would become legal tender in the country. The Presidency of Paraguay clarified the announcement was fake. While Paraguay hosts major bitcoin mining operations, it does not have a comprehensive crypto regulatory framework.

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Trump Said About Elon Musk👀

➡️White House Will Not Abandon Tesla and Starlink Projects
➡️Wish Musk all the best, don't know if Musk is doing drugs in the White House
➡️Did Not Consider Talking to Musk, " Musk Might Want to Talk to Me, I Guess"

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Shiba Inu Trending Again as SHIB Token Burns Skyrocket, But Rexas Finance (RXS) Will Turn More Heads with a 7694% Rise By the End of Q2📶

Shiba Inu (SHIB) is seeing a spike in token burning, raising hopes among holders. Meanwhile, Rexas Finance (RXS), a newer and utility-driven project, is gaining attention with a predicted 7,694% price surge by Q2 2025, making it a top altcoin to watch.

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Ray Dalio Warns U.S. Facing Crisis as Debt and Division Grow 🐷

Investor Ray Dalio warns the U.S. is nearing a fiscal “death spiral,” with $36 trillion in debt, rising interest costs, and growing political discord. While short-term collapse is unlikely, he sees a high long-term risk without strong leadership and urgent action to restore market confidence.

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