Hey Crypto Fam!
It’s that time again — the end of the week, and we’ve got your crypto roundup ready! If you missed any major updates, don’t worry, we’ve got you covered. Catch up on this week’s top events, and don’t forget to hit the subscribe button to stay in the loop with the latest crypto news!
Biggest Story
Bitcoin Tumbles as Trump Urges Tehran Evacuation Amid Rising Israel-Iran Tensions
Global crypto markets dipped sharply on June 16 as escalating tensions between Israel and Iran sparked fears of wider conflict. Bitcoin dropped by over 2%, losing more than $2,000 in a matter of hours, following an emergency move by U.S. President Donald Trump, who cut short his G7 summit appearance and urged immediate evacuation from Tehran. His dramatic warning and call for a National Security Council meeting triggered widespread market anxiety.
The volatility intensified as embassies, including those of China and Russia, issued alerts urging citizens to leave the region. With civilian casualties mounting and diplomatic tensions rising, investors fled riskier assets, dragging down Bitcoin from an intraday high of $108,780 to $106,421 before a modest rebound.
Other News Making Waves
- The SEC has opened public comments on Franklin Templeton’s proposals for XRP and Solana ETFs. The move comes amid a shifting regulatory tone under Trump-era leadership, which is now seen as more industry-friendly. (More)
- Gemini has accused the CFTC of misconduct and bias, claiming a politically motivated enforcement campaign over its 2017 Bitcoin futures data. (More)
- Nobitex lost $81.7M in a politically charged cyberattack claimed by the pro-Israel group Predatory Sparrow. The group accused Nobitex of aiding sanctioned entities, escalating geopolitical tensions, as Nobitex vowed to compensate affected users. (More)
- Spokane has become the first city in Washington to ban crypto ATMs, citing a rise in scams targeting elderly and low-income residents. (More)
- Meta Pool’s Ethereum staking protocol was exploited for $133K after a minting bug let an attacker generate mpETH without collateral. The attacker minted $27M worth but could only cash out a fraction of it. User funds remain safe, and a recovery plan is in place. (More)
- Former Celsius CEO Alex Mashinsky has forfeited claims to the bankrupt firm’s assets, clearing the way for creditor distributions. The move follows his 12-year prison sentence for fraud and could accelerate fund payouts in the nearly three-year-old case. (More)
- X has suspended Pump.fun and 19 other crypto accounts, raising concerns about censorship and enforcement on the platform. (More)
- Crypto investment products saw $1.9B in inflows last week, marking nine straight weeks of gains and record YTD inflows of $ 13.2 B. (More)
Around the World: Bold Moves and Crypto Regulations
- Ohio’s House passed the Blockchain Basics Act, which exempts crypto transactions under $200 from capital gains taxes and protects mining operations from discriminatory policies. (More)
- President Trump has urged the House to pass the GENIUS Act after it receives Senate approval, aiming to create a clear regulatory framework for stablecoins. (More)
- The Czech government survived a no-confidence vote triggered by a controversial $45M Bitcoin donation from a convicted criminal. Despite public backlash and ministerial resignations, Prime Minister Fiala’s coalition held firm, vowing accountability and launching an internal investigation. (More)
- Russian prosecutors shut down a massive illegal crypto mining farm in Siberia that spanned 30,000 square meters and stole over $119K in electricity. The site lacked safety permits and violated zoning laws, prompting a court-ordered ban amid a rise in mining-related corruption cases. (More)
- Thailand has approved a five-year capital gains tax exemption on crypto trades via licensed platforms to boost its digital economy. (More)
- Senator Elizabeth Warren has criticized the GENIUS Act, warning it may let tech giants issue stablecoins that threaten consumer privacy and market fairness. (More)
- Pakistan has enlisted Michael Saylor as a crypto advisor, as it develops a national digital asset strategy and explores Bitcoin for state reserves. (More)
- Hong Kong will implement its new stablecoin licensing regime by August 1, 2025, to boost its position as a digital asset hub. The open framework allows multi-currency backing, aiming to attract international issuers and deepen stablecoin liquidity in the region. (More)
Market Trends: Winners and Losers
Top 5 Gainers 📈
According to data from CoinGecko, the five biggest gainers of the week are:
- Sentre +725.88%, from $0.00307634 to $0.02541100
- Poollotto.finance +48.91%, from $1.37 to $2.04
- Cross The Ages +127.96%, from $0.03383933 to $0.07714300
- CreatorBid +73.91%, from $0.056021 to $0.097460
- Joe Coin +46.95%, from $0.03270464 to $0.04806538
Top 5 Losers 📉
According to data from CoinGecko, the five biggest losers of the week are:
- Polyhedra Network −83.96%, from $2.01 to $0.322429
- KOGE −48.73%, from $63.53 to $32.57
- TAOHash −37.88%, from $36.25 to $22.52
- LiquidLaunch −37.94%, from $0.062876 to $0.03901866
- Launch Coin on Believe −32.39%, from $0.180748 to $0.122195
Project Spotlight
Xynth88 Launches on LINE MINI App to Bring NFT Gaming to the Masses
Web3 gaming platform Lootex has launched Xynth88, a cyberpunk-themed, swipe-based runner game on the LINE MINI App. Designed for fast-paced mobile gameplay, Xynth88 seamlessly integrates NFT ownership via Sony’s Soneium blockchain. Its debut character, Torimaru, offers actual digital ownership with cross-platform utility. With no wallet or downloads needed, the game targets mass adoption across LINE’s 200M+ user base.
Why It Matters:
Xynth88 bridges casual gaming and Web3 by embedding NFTs into mainstream mobile experiences, simplifying onboarding while promoting digital ownership.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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