Bitcoin’s still stuck above $105K (and that’s a good thing). The recent geopolitical situation didn’t impact the prices negatively, and we are hoping it stays that way. The Fear and Greed Index is sitting at 57, kind of the “meh” zone.
So what’s going on? Here is a quick rundown of the top headlines from the past 24 hours:
- The SEC sparked controversy with fresh guidance exempting certain staking services from securities registration. Why did the SEC flip?
- Bonk just launched a video game where dying costs you real money. Are there hidden bonus rewards beyond the kill-to-earn?
- Tether just made physical gold as portable as stablecoins with their new XAUt0 token across multiple blockchains. But what makes XAUt0 different from other gold-related ETPs?
- Trump raised Chinese tariffs and Bitcoin barely moved despite $1 billion in liquidations and $430 million in ETF outflows. What’s keeping Bitcoin stuck between $100K and $110K?
- Polygon crossed $2 billion in total NFT sales while the broader market crashed, with monthly sales jumping 400% during an NFT winter. What’s behind Polygon’s shocking NFT price explosion?
Let’s dive in after the market overview!
SEC’s Facing Criticism
The Securities and Exchange Commission has sparked controversy with fresh guidance exempting certain staking services from securities registration. Former SEC enforcement chief John Reed Stark called the shift “shameful abdication” of investor protection duties. Commissioner Caroline Crenshaw warned that the guidance contradicts established case law and the Howey test precedent. Why did the SEC flip? Read the full story!
Bonk Launches Kill-to-Earn Gaming
Bonk just launched a video game where dying costs you real money. Bonk Arena costs 10,000 BONK tokens (about $0.17) just to spawn. Kill another player? You inherit their stake. Die? You lose everything. The game is Phantom wallet exclusive, meaning you need to be deep in Solana’s ecosystem to play. Are there hidden bonus rewards beyond the kill-to-earn? Read the full story!
Tether Launches Cross-Chain Gold Token
Tether just made physical gold as portable as stablecoins. Their new XAUt0 token lets you move real gold-backed assets across any blockchain network. The omnichain deployment works on Ethereum, Solana, and other networks. The token launches first on the TON blockchain in partnership with the TON Foundation. But what makes XAUt0 different from other gold-related ETPs? Read the full story!
Bitcoin Holds During Billion Dollar Liquidation
Trump raised Chinese tariffs from 25% to 50% and Bitcoin barely moved despite $1 billion in liquidations. The tariff hike also triggered $430 million in ETF outflows, but BTC stayed above $104,000. China called Trump’s claims “groundless” and threatened “forceful measures” in response. What’s keeping Bitcoin stuck between $100K and $110K? Read the full story!
Polygon Quietly Becomes NFT Powerhouse
Polygon just crossed $2 billion in total NFT sales while the broader market crashed from $900 million to $373 million. Monthly sales jumped from $16 million in November to $75 million in May. That’s 400% growth during an NFT winter. This happened while every other NFT marketplace was bleeding users and volume. What’s behind Polygon’s impressive NFT price explosion? Read the full story!
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