CoinRank

📢 21st Century Business Herald analyzes Hong Kong’s stablecoin strategy:
Hong Kong introduces the concept of “designated stablecoins” under a “value-referenced regulatory model.” These are stablecoins pegged to one or more official currencies or units of value designated by the HKMA to maintain price stability.
The regulation targets two key activities:
👉Issuing designated stablecoins within Hong Kong;
👉Issuing them outside Hong Kong while claiming a peg to the Hong Kong dollar.
This framework ensures regulatory oversight for HKD-pegged stablecoins while allowing flexibility for others.

🚨 ALERT: Ether.fi’s official Discord has been compromised — scam links are being posted.
⚠️ The team urges users not to interact with any links in the Discord and is actively investigating. An official update will follow soon.
#EtherFi # DiscordHack #Web3 # ScamAlert #CryptoSecurity

🔥 #CoinRank Weekly Crypto Report | (June 1–June 7)
⚡ #Vitalik announces Ethereum mainnet will achieve 10x scaling within a year at ETHGlobal Prague, followed by brief "pause period" before further upgrades.
🇰🇷 South Korea's landmark June 3 presidential election could reshape regional crypto landscape.
📊 #QCP Capital: Nearly $1B crypto liquidations since Friday, with BlackRock's $IBIT ending 34-day inflow streak (-$430M).
👀@AptosLabs CEO Avery Ching (@AveryChing) to testify before U.S. House on June 4, offering insights on blockchain infrastructure.
💻BCB Markets Partners with Societe Gene

👀BREAKING: BTC rebounded and broke through 105,000 USDT, with a 24-hour drop of 2.14%
#BTC # bitcoin #CryptoNews # CryptoTrading

🕛 Midday News Update #Web3
🚫 @BitDigital\_BTBT "No ties to any meme coin" — The Nasdaq-listed BTC mining firm denies affiliation with any meme token projects and urges community vigilance against misuse of its brand.
📈 Farside Investors: U.S. Spot Ethereum ETFs saw a net inflow of $25.3M yesterday.
💬 @TimDraper : Bitcoin can hedge against excessive U.S. government spending — expects BTC to hit $250,000 this year.
🏢 @Metaplanet\_JP CEO @gerovich : The Japanese BTC-reserve firm has launched its U.S. HQ in Miami. It plans to raise up to $5.4B and acquire 210,000 BTC by 2027.
⚠️ Mempool warn

💵 NEW: USDC circulation rose by ~$100M over the past 7 days.
📊 @circle issued $3.2B and redeemed $3.1B USDC between May 30–June 5. Total USDC supply now stands at $61.1B.
🏦 Reserves: $61.3B total — $8.2B in cash, $53.1B held in Circle Reserve Fund.
#USDC # Circle #Stablecoins # CryptoNewss #Web3

🇺🇸 JUST IN: Elon Musk tweets “The America Party” on X, hinting at a new political movement.
📢 He references an earlier post: “The people have spoken. America needs a new party to represent the 80% in the middle.”
🔁 “Turns out 80% agree — that’s destiny,” Musk added.
#ElonMusk # Politics #X # Web3 #CryptoNewss

📨 NEW: @vaneck\_us , 21Shares & Canary Capital urge SEC to approve crypto ETFs based on filing order.
In a letter to the SEC, issuers argue that ignoring the “first come, first served” principle undermines fair competition and stifles financial innovation.
#VanEck # CryptoETF #SEC # Web3 #CryptoNewss

🚨 JUST IN: Trump says Fed Chair pick will be announced soon — adds he has a “pretty clear idea” who it’ll be.
📉 “A good Fed Chair will lower interest rates,” Trump stated.
👀 On Musk: Trump says he’s open to reviewing government contracts held by Elon, but has no plans to talk. “I hope he succeeds with Tesla.”
#TRUMP # FederalReserve #Musk # Tesla #CryptoMacro

🚨 JUST IN: Crypto advocacy groups urge U.S. court to dismiss case against Bitcoin mixer Samourai Wallet.
🧑‍⚖️ Groups like Blockchain Association, Coin Center, DeFi Education Fund & Bitcoin Policy Institute argue Samourai merely enabled private transactions, not illegal activity. However, a federal judge rejected their amicus briefs this week.
U.S. authorities previously shut down Samourai and arrested its devs, claiming it operated an "unlicensed money transmitting business" used by criminals.
#SamouraiWallet # bitcoin #Privacy # Cryptolaw #CryptoNewss

Ethereum Spot ETFs saw modest net inflows on June 5, with sharp divergence between issuers. 💼
💰 Total net inflow: $11.26M
🔼 Largest inflow:
BlackRock's ETHA: +$34.65M
Total inflow to date: $4.839B
🔽 Largest outflow:
Fidelity's FETH: -$23.40M
Total inflow to date: $1.516B
📊 Total AUM: $9.546B
📈 Cumulative net inflow: $3.301B
📉 ETF AUM vs. ETH market cap: 3.3%
Big money favors BlackRock? ETH ETF dynamics may be reshaping capital flows.
#EthereumETF # ETHA

💥From $100M gains to total wipeout — whale James Wynn isn't done yet.
He posted: “Over the next few days, I’ll be digging through old wallets for anything usable. I can’t walk away empty-handed.”
This isn’t trading. It’s redemption-fueled gambling. The blockchain is now an emotional battleground.
#CryptoWhale # PerpsTrading

🎰【From $3M to $100M... to ZERO — James Wynn’s tale of liquidation & addiction】
Crypto whale James Wynn opens up:
💬 “Started trading perps this March. Never really traded before. Turned $3M into $100M in a month... then lost it all on Hyperliquid in a week.”
What happened?
Was just “messing around” but got tens of thousands watching his trades
Couldn't stop — afraid of being mocked for losing it all
“Numbers became a game. Greed took over.”
📌Takeaway:
On-chain visibility = social pressure. Gains feel like glory, losses feel like shame. Greed + validation-seeking = perfect storm. Even whales

📉Crypto market dips for 3rd straight day — blood in the streets
June 5: Most crypto sectors extended their 3-day losing streak, with losses ranging 2% to 8%:
🔻BTC -2.95%, briefly dipped near $100K
🔻ETH -7.23%, broke below $2,400
🔻Meme sector -8.04%
TRUMP -10.00%, PEPE -10.68%
🎉 FARTCOIN defied the trend: +8.34%
📉Other sector losers:
PayFi: -4.25% (KTA -14.05%)
CeFi: -4.45% (HYPE -5.71%)
Layer1: -4.59% (ADA -6.39%, SUI -7.35%)
DeFi: -6.03% (LINK -6.29%, AAVE -8.20%)
Layer2: -7.03% (ARB -9.46%)
📌Takeaway: Risk-off sentiment rising. High-beta sectors leading the drop. FARTCOIN's bounce loo