Bitcoin at $104,383!

The Fear & Greed Index is at 56 – Greed, showing continued optimism in the market despite regulatory uncertainty.

ECB chief: Digital Euro needed to complement MiCA

Fabio Panetta argues that MiCA alone cannot address crypto challenges and calls for the digital euro as a stabilizing force.

• MiCA hasn’t sparked significant stablecoin adoption in Italy, with low issuer interest so far.
• Panetta warns that regulation alone won’t mitigate crypto’s systemic risks.
• He urges the EU to take global leadership and sees the digital euro as crucial for secure digital payments.

SEC officially drops lawsuit against Binance

The years-long legal battle between the SEC and Binance has come to an end.

• Both parties filed a joint motion to dismiss the case permanently on May 29.
• The SEC cited policy discretion and recent internal developments in crypto regulation.
• Binance called it a “major victory for crypto” and thanked Paul Atkins and Donald Trump for their support.

Trump Media confirms $2.5B raise for Bitcoin purchases

After denying it, Trump Media now confirms a massive capital raise to acquire BTC.

• The group sold $1.5B in stock and $1B in 0% convertible bonds.
• CEO Devin Nunes called Bitcoin a tool for financial freedom and resistance to censorship.
• The announcement led to a 12% drop in TMTG shares, now trading at $23.60.