Son Min

Tether (USDT), the issuer of the dollar-based stablecoin, has reportedly invested in the Chilean virtual asset (cryptocurrency) exchange OrionX. On the 3rd (local time), Tether announced via an official press release, "We have made a strategic investment in OrionX, a leading virtual asset exchange in Chile," and added, "This investment is part of our strategy to strengthen cryptocurrency payment channels in emerging markets." Paolo Ardoino, CEO of Tether, said, "Tether is promoting financial inclusion through global investments," and added, "Our vision is to enable underserved regions to access stablecoin-based finance." Joel Weinstein, CEO of OrionX, stated, "We are proud to be recognized as a partner of Tether," and added, "Through this, we aim to establish cost-efficient payment and financial management solutions in Chile."

Swedish cryptocurrency broker K33, which announced its Bitcoin (BTC) treasury strategy, has revealed its first purchase. On the 3rd (local time), K33 announced on X (formerly Twitter), "We have completed our first Bitcoin purchase since announcing our reserve strategy," adding, "Currently, 10BTC is included on our balance sheet." They further stated, "We are just getting started," and described it as "the first step in our firm belief in Bitcoin's future—a value beyond mere transactions." Previously, K33 said, "We raised 60,000,000 Krona (approximately ₩8.5 billion) for our Bitcoin treasury strategy." As of 8:29 PM, Bitcoin is trading at $105,214 on the Binance USDT market, up 0.9% from 24 hours ago.

Changpeng Zhao, co-founder of Binance, argued that not taking risks is also a risk when it comes to Bitcoin (BTC) accumulation strategies. On the 3rd (local time), Changpeng Zhao shared a list of companies that have participated in Bitcoin accumulation strategies this year via X (formerly Twitter), stating, "These companies are taking risks." He continued, "All companies take risks. Still, with an appropriate balance, it is possible to achieve the best investment return (ROI)," and emphasized, "Not taking risks itself is a risk." As of 8:01 PM, according to Binance USDT Market, Bitcoin is trading at $105,301, up 0.89% from 24 hours ago.

James Wan, known as a whale on the decentralized derivatives exchange (DEX) Hyperliquid (HYPE), predicted a strong upward trend for Bitcoin (BTC). On the 3rd (local time), James Wan said on X (formerly Twitter), "Bitcoin currently looks good," adding, "The downward momentum of Bitcoin is weakening based on the 8-hour, 12-hour, and daily charts." He further stated, "When Bitcoin rises, it moves strong and fast," and added, "A sharp surge will come when everyone is off guard." He also expressed anticipation regarding his own view, saying, "It is now June. If my hypothesis is correct, there will be exponential profits over the next 8 weeks." Previously, he argued that "the true bull market of Bitcoin has not arrived yet." He explained that the current rise in Bitcoin is only due to the launch of spot crypto ETFs and Donald Trump's inauguration as U.S. president, and does not signal the beginning of a full-scale upward cycle. As of 7:53 PM, Bitcoin is trading at $105,237 on the Binance USDT market, up 0.78% from 24 hours ago.

The global cryptocurrency exchange Binance is listing perpetual futures for Puffer (PUFFER) and PORT3 Network (PORT3). On the 3rd (local time), Binance announced on its official website, "PUFFER/USDT will be listed at 17:30 on the 4th (KST)," adding, "PORT3/USDT perpetual futures will be listed at 17:45 (KST)." Up to 50x leverage is supported.

The previous day, the share price of 'Block Exchange (NBX)', which became Norway's first strategic Bitcoin (BTC) reserve company, surged by about 138%. On the 3rd (local time), Coinpedia reported, "The share price of Block Exchange, which began its Bitcoin treasury strategy, surged by 138%," adding, "This reflects investor confidence in the company's Bitcoin reserve strategy." The report added, "Block Exchange is also attempting to issue a stablecoin based on the Cardano (ADA) network and convert into a digital asset specialist bank," and evaluated that "Norway's digital asset industry has truly begun." Meanwhile, the previous day Block Exchange purchased 6BTC. The company plans to hold 10BTC by the end of June.

Jamie Dimon, CEO of JPMorgan Chase, argued that the U.S. government should prioritize stockpiling military resources rather than Bitcoin (BTC). According to CoinKu, a media outlet specializing in virtual assets (cryptocurrencies), on the 3rd (local time), Jamie Dimon, the CEO of JPMorgan, stated during his speech at the Reagan National Economic Forum, "The U.S. government should not stockpile Bitcoin" and added, "Instead, it should be stockpiling guns, bullets, tanks, drones, and rare earths." He continued, "We all know that we need to be stockpiling these supplies." The media added, "Dimon's remarks match his skepticism toward Bitcoin," and explained, "Dimon has repeatedly raised the need for strengthening U.S. national security and has questioned the idea of hoarding digital gold." It further stated, "There are still ongoing debates about the adoption of virtual assets, especially among traditional financial institutions."

It has been revealed that the Layer 1 project Zilliqa (ZIL) is experiencing network issues. On the 3rd (local time), Zilliqa announced on its official X (formerly Twitter), "At present, issues such as viewing and API node synchronization failure are occurring, resulting in transactions not being processed on the blockchain," and added, "To resolve this, the Zilliqa network will undergo maintenance." They continued, "During this period, transactions will not be processed," and said, "We will work diligently to resolve the issue swiftly." As of 5:24 PM, Zilliqa is trading at $0.01179, up 3.42% from 24 hours ago on the Binance USDT market.

Bitcoin (BTC) fell below $105,000. As of 5:18 p.m., on the Binance USDT market, Bitcoin is trading at $104,989, down 0.49% from 24 hours ago.

Although Bitcoin (BTC) may be rising slowly, it has been analyzed as currently the safest investment method. On the 3rd (local time), Matrixport stated in a report, "We often hear that 'an altcoin rally is coming soon'," but also added, "Considering Bitcoin dominance, there are no signs that the market share of altcoins is rising." It continued, "Currently, retail investor activity and perpetual futures trading remain at minimum levels," and "Current market demand is focused on spot trading of Bitcoin." The report stated, "Bitcoin may see slow gains, but it is currently the safest investment method," and added, "Even if a price correction occurs, this remains unchanged." As of 4:21 PM, according to the Binance USDT market, Bitcoin is trading at $105,288, down 0.07% from 24 hours ago.

France-listed blockchain group 'The Blockchain Group (ALTBG)' has acquired an additional 624 Bitcoin (BTC). On the 3rd (local time), The Blockchain Group announced on X (formerly Twitter), "We have purchased an additional 624 BTC," adding that it was "worth a total of €60,200,000 ($68,770,000)." As a result, the company's current Bitcoin holdings have reached 1,471 BTC. The Blockchain Group plans to secure 1% of the entire Bitcoin supply (21,000,000 units) over the next 8 years. Previously, at the end of last month, the company also announced the issuance of convertible bonds worth €63,300,000 to fund further Bitcoin purchases.

The Dubai Financial Services Authority (DFSA) has reportedly granted approval for the use of Ripple’s stablecoin, Ripple USD (RLUSD). According to U.Today on the 3rd (local time), the DFSA approved the use of Ripple’s native stablecoin, RLUSD. As a result, RLUSD is expected to be used legally within the Dubai International Financial Centre (DIFC). The outlet evaluated, "Ripple is positioning RLUSD as a regulator-friendly stablecoin," and added, "This approval serves as a foothold for expanding into the Middle Eastern market." Meanwhile, the Dubai International Financial Centre is a special economic zone in Dubai, currently home to over 7,000 companies operating in the area.

The founder of Cardano (ADA) has announced intentions to integrate Bitcoin (BTC) and XRP into the company’s Decentralized Finance (DeFi) in an effort to promote global financial inclusion. According to cryptocurrency-specialized media outlet Coindoo on the 3rd (local time), Cardano founder Charles Hoskinson stated during the 'Bitcoin 2025' session, "(Compared to other cryptocurrencies,) Bitcoin’s rigid characteristics have established its identity," but also added, "These characteristics limit Bitcoin’s compatibility with DeFi." He continued, "We have developed a way to connect Bitcoin to the DeFi ecosystem. The evolution of DeFi will drive the next stage of cryptocurrency adoption," he said. He also mentioned integration with XRP, stating, "We plan to integrate XRP into our DeFi infrastructure," and noted, "XRP has a major advantage in cross-border payments." Furthermore, he emphasized, "The future of blockchain lies in cooperation, not competition," and said, "Bitcoin, XRP, and Cardano working together can promote global financial inclusion." Meanwhile, Charles Hoskinson also projected that, in the coming years, Bitcoin could reach up to $500,000. As of 3:31 PM, Bitcoin is trading at $105,218 on Binance’s USDT market, up 0.29% from 24 hours earlier.

SharpLink Gaming, a Nasdaq-listed company that announced a strategic accumulation of Ethereum (ETH), has reportedly succeeded in raising $425 million through a private placement. According to The Block on the 2nd (local time), SharpLink Gaming raised $425 million via a private placement. The funds will be used for strategic Ethereum accumulation. This round was led by ConsenSys, an Ethereum infrastructure development company, with major investors such as Pantera Capital and Galaxy Digital also participating. SharpLink stated, "Through this private placement, we have secured Ethereum as a major reserve asset and can also participate in protocol activities like staking and decentralized finance (DeFi)." Rob Phythian, CEO of SharpLink, said, "This partnership is a powerful collaboration combining SharpLink's experience with ConsenSys’ leadership," and expressed delight in becoming the leading Nasdaq-listed company to establish an Ethereum-based financial strategy. Meanwhile, Joseph Lubin, CEO of ConsenSys, is set to join as chairman of SharpLink’s board of directors.

Reitar Logtech Holdings (Reitar Logtech Holdings), a NASDAQ-listed company, has announced a plan to acquire up to $1.5 billion in Bitcoin (BTC). According to the U.S. Securities and Exchange Commission (SEC) website on the 2nd (local time), Reitar Logtech Holdings disclosed through filings its plan to purchase Bitcoin worth up to $1.5 billion. Through this, the company aims to strengthen its financial stability and expand its presence in the logistics technology market. John Chan, CEO of Reitar Logtech Holdings, said, "This decision reflects our commitment to maintaining a solid financial foundation and expanding our global logistics platform," adding, "Through this, we will drive digital innovation in the supply chain industry and further strengthen our corporate finances." As of 11:26 p.m., Bitcoin is trading at $104,484 on the Binance USDT market, down 0.16% from 24 hours earlier.

Joseph Lubin, co-founder of Ethereum (ETH), has reportedly established an Ethereum investment firm. According to Bloomberg on the 2nd (local time), co-founder Joseph Lubin stated, "About six months ago, I established an Ethereum investment firm." He added, "We are looking for ways to raise capital to accumulate Ethereum," clarifying, "We will not use excessive leverage." In particular, it is known that he was heavily influenced by Michael Saylor, founder of MicroStrategy. Lubin said, "After having dinner with Michael Saylor, I became very interested in digital asset accumulation strategies," and continued, "Afterwards, I concluded that there are no excessive risks in the Ethereum accumulation strategy."

There has been an opinion raised that Satoshi Nakamoto, known as the creator of Bitcoin (BTC), could become the world's second richest person. On the 2nd (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "If Bitcoin continues to achieve an annual growth rate of around 50%, Satoshi could surpass Mark Zuckerberg, the CEO of Meta, and become the world’s second richest person next year." He continued, "What’s amazing is that he has never once cashed out that value," adding, "In this respect, Satoshi resembles Jack Bogle." Jack Bogle is known as the person who created the world’s first Index Fund, and popularized the philosophy of low-cost, long-term investing.

BTCS, a blockchain company listed on Nasdaq, has reportedly made an additional purchase of 1,000 Ethereum (ETH). On the 2nd (local time), BTCS announced on its official website that it had purchased an additional 1,000 ETH, worth $2.63 million. Currently, BTCS holds 13,500 ETH, which is a 50% increase compared to the end of the first quarter this year. Charles Allen, CEO of BTCS, stated, “Ethereum is a core asset of our infrastructure strategy” and expressed confidence that it will enhance long-term shareholder value. As of 9:52 PM, Ethereum is trading at $2,490 on the Binance USDT market, up 0.31% from 24 hours ago.

James Wynne, known as a whale on the decentralized futures exchange (DEX) Hyperliquid (HYPE), has called for investors' support. On the 2nd (local time), James Wynne stated on X (formerly Twitter), "Immediately after opening a long position, the hunt for me began. There is a deliberate price movement happening," adding, "If you support this movement or want to stand against corruption, show your support right now by buying Bitcoin." He continued, "The actions to force my liquidation may not be solely because of my (high leverage) long position," and "Perhaps I was a small player who got involved in the whales’ game, or maybe it’s due to increased interest in Hyperliquid." He further emphasized that individual investors should take this opportunity to accumulate Bitcoin. He said, "I am the bait to drive Bitcoin’s price down," and "Use their price manipulation against them, and take their Bitcoin." Meanwhile, James Wynne previously opened a 40x leveraged long position on Bitcoin with a liquidation price of $104,580. Since then, he has continued to inject funds, and his current liquidation price is reported to be around $103,600. As of 9:43 pm, according to the Binance USDT market, Bitcoin is trading at $104,265, up 0.32% compared to 24 hours ago.