U.S. Senate Banking Committee Chair Tim Scott stated on June 26 that crypto market structure legislation will be finalized by September 30—pushed beyond President Trump’s August target but ahead of Senator Lummis’s year-end estimate.

He also urged the House to swiftly pass the Senate-approved GENIUS Act, which establishes a regulatory framework for stablecoins.

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Trump may soon name a successor to Fed Chair Jerome Powell, signaling an early shift in U.S. monetary leadership.

⚫️Trump mentioned 3-4 possible candidates and criticized Powell’s leadership
⚫️Naming a successor early could weaken Powell’s influence and shape market expectations
⚫️Powell’s term ends May 15, 2026, but an announcement may come as early as this summer

Potential candidates:

⚫️Kevin Warsh (former Fed governor; advocate of looser monetary policy)
⚫️Kevin Hassett (NEC director; close to Trump and his former economic advisor)
⚫️Scott Bessent (current U.S. Treasury Secretary; possibly already a “shadow” candidate)
⚫️Others: David Malpass (former World Bank president) and Christopher Waller (current Fed governor)

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Mullen Automotive, an American automotive and electric vehicle manufacturer, announced it will now accept cryptocurrency, including Bitcoin and the TRUMP meme coin, for purchasing its Mullen and Bollinger commercial EVs.

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Russia has reported its first default on digital financial assets, as Novosibirsk-based car dealership Autocity failed to meet obligations on ₽200,000,000 (around $2.25m) in CFA bonds.

Investors were offered to swap their 20.5% yield assets for new ones at 18% with a 2028 maturity, citing “challenging economic conditions.”

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Bhutan has quietly amassed 12k BTC (worth $1.3bn) of Bitcoin reserve since launching its mining initiative in 2020—equivalent to nearly 40% of its GDP—making it the third-largest state holder of Bitcoin.

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Bit Digital raised $150m in a public offering to accelerate its shift from Bitcoin mining to Ethereum staking and financial services.

The company priced 75m shares at $2 each, with an option for 11.25m more. Proceeds will go toward purchasing ETH—one of the largest public Ethereum commitments to date.

Bit Digital is phasing out its mining business and has filed a confidential IPO for its HPC-focused subsidiary, WhiteFiber Inc.

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Tether CEO Paolo Ardoino revealed the company is reviewing the first design plan for the "Tether Tower" in El Salvador.

The company is backing initiatives related to mining, renewable energy, and financial infrastructure, signaling deepening collaboration with the Salvadoran government.

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The U.S. is building infrastructure for strategic Bitcoin reserves, according to White House digital asset adviser Bo Hines.

Hines said the government is “very inclined” to grow its BTC holdings in a budget-neutral way. While Trump’s March executive order doesn’t mandate disclosure, the Treasury may choose to publicly reveal existing reserves.

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The U.S. Secretary of the Treasury Scott Bessent noted that current U.S. tariffs on Chinese goods are at 30%, while China imposes just 10% on American products.

He stressed that the U.S. doesn't aim to decouple from China and believes Beijing wants to act as a responsible partner.

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Corporations are accelerating their Bitcoin purchases, with the number of companies holding BTC rising from 85 at the end of 2024 to 134 by June 2025—a new record.

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The Android beta of Telegram now features a “My TON” tab, allowing users to top up their balance via Fragment and spend TON directly within the app.

Telegram Stars were also updated—they can now be withdrawn from regular accounts (not just channels and bots) after 21 days, straight to a TON wallet via Fragment.

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💌💌💌💌💌
✔ This week's crypto market highlights:

⚫ Trump announces Israel-Iran ceasefire after "12 Day War"
⚫ Texas establishes first U.S. publicly funded Bitcoin reserve
⚫ Turkey introduces strict crypto rules
⚫ Tether becomes second-largest shareholder in Juventus
⚫ Barclays blocks personal cards for crypto transactions
⚫ Kraken secures MiCA license
⚫ Court rejects Ripple-SEC request for partial review
⚫ U.S. tariffs on China at 30%, China imposes 10% on U.S. goods

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OKX released its 32nd consecutive Proof of Reserves (PoR) report.

⚫️ 120k BTC: -3.48% from its last PoR on May 10, 2025
⚫️ 1.98m ETH: +5.89%
⚫️ 8.62bn USDT: -1.44%
⚫ 1.23bn USDC: +8.41%

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Strategy is facing at least five class action lawsuits alleging securities fraud tied to $6bn in unrealized Bitcoin losses.

The suits claim the firm misled investors about BTC risks and profitability, with legal experts noting that competing filings are typical in high-stakes class actions.

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Bolivia’s crypto payment transactions hit $430m in 12 months since lifting its crypto ban in 2024—a 630% year-on-year surge.

86% of transactions were made by individuals, primarily via Binance-related channels. The government has also approved the use of crypto by its national energy company to import fuel.

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A new report reveals that 27% of South Koreans aged 20 to 50 hold crypto assets, making up an average of 14% of their financial portfolios.

The highest holding rate is among 40-year-olds at 31%, with 70% of respondents planning to increase their crypto investments amid job and housing market pressures.

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Coinbase has been named one of Time Magazine’s “100 Most Influential Companies in the World” for 2025.

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In June 2025 alone, 3.87m new Ethereum addresses were created—approaching peak levels from the last bull cycle.

Weekly wallet creation now ranges from 800,000 to 1m, up significantly from 560,000–670,000 in 2023.

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The share of spot trading on DEXs has reached an all-time high, now accounting for 27.92% of CEX volumes—up from just 0.36% in June 2020.

The surge is driven by rapid token listings and easier access, as more users shift toward decentralization.

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