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🚀USELESS, a memecoin built on the Solana (SOL) network, has recorded a sustained rally over the past 25 days, propelling its market capitalization above the $185 million threshold. Notably, data indicates that USELESS has yet to be listed on any major exchanges. On June 14, USELESS was listed on the Moonshot platform.
This token adopts a similar style to FARTCOIN, embracing an "anti-mainstream crypto" narrative.
📌Details: https://followin.io/en/feed?id=18507789
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it's 2am and everyone is asleep
crypto guys :
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Hot news
1. Ripple to Drop Appeal in SEC Case Over XRP Sales, Ending Case 'Once and for All'
2. IBIT Becomes BlackRock’s Biggest ETF by Fee Revenues
3. Bitvavo Secures a MiCA License From the Netherlands
4. 'Rogue' Police Are Destroying Bitcoin ATMs: Bitcoin Depot Legal Chief
5. Gemini Rolls Out Tokenized Stocks in EU, Starting With Strategy Shares
6. Anchorage to Phase Out USDC, Agora USD Citing Risks, Stirring Fierce Backlash
7. Pepe Creator’s NFT Project Accidentally Hired a North Korean Hacker
8. How a Hyperliquid Trader Turned $6,800 Into $1.5 Million
9. Trump Blames Biden for Banks Blocking Crypto: 'There Is a Lot of Debanking'
10. Friday charts: Retail is one-upping Wall Street
11. Public Keys: Copycat Lawsuits for Bitcoin Giant Strategy, Coinbase Hits All-Time High
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🙈One market. Two outcomes.
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🔥 Strategy Faces Multiple Class-Action Lawsuits Over Alleged Securities Fraud in BTC Fund Management
Strategy (formerly MicroStrategy) is currently facing at least five class-action lawsuits initiated by various law firms, accusing the company of securities fraud related to its public statements on Bitcoin investments.
Legal experts note that it's not uncommon for multiple firms to compete for lead plaintiff status in such cases, as the lead firm could secure substantial legal fees.
The lawsuits emerged after Strategy purchased $7.7 billion worth of Bitcoin in Q1 2024 — a move that resulted in an unrealized capital loss of nearly $6 billion due to the BTC price drop.
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🕯Over the past 24 hours, XRP — the fourth-largest cryptocurrency — has dropped 4.64% to $2.09, while Bitcoin rose 1.5% to $107,003. This divergence is believed to be linked to a new ruling from the U.S. District Court, where Judge Analisa Torres rejected both Ripple's and the SEC’s motions for a directed verdict, raising concerns about the prolonged lawsuit.
Despite the price drop, XRP network activity surged, with active addresses rising 442% in the past 48 hours to 181,000. If Ripple can soon clarify its next legal steps, it may help reassure investors and support a price rebound.
📌Details: https://followin.io/en/feed/18469011
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‼️AguilaTrades, a prominent whale on the Hyperliquid exchange, has just opened a $100 million short position on Bitcoin (BTC) — equivalent to 931 BTC with 20x leverage, entering at $106,779 with a liquidation price of $112,640, according to on-chain analysis by @EmberCN on X.
Although AguilaTrades had previously placed long orders around the $103,000–$104,500 range, the sideways price action led them to open a short position instead.
📌Details: https://followin.io/en/feed/18468479
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Hot news
1. XeggeX Exchange Declares Bankruptcy: Mining Coin Myth Collapse and User Asset Security Warning
2. Grayscale Adds 20 New Altcoins for Its “Assets Under Consideration” in Q3
3. Bakkt Files to Sell Up to $1 Billion in Securities For Potential Bitcoin Play
4. Caution on Bitcoin Double Top, But a Full-Blown Price Crash Seems Unlikely, Sygnum Bank's Tischhauser Says
5. XRP, Solana Lead Profit-Taking Among Crypto Majors Even as Bullish Mood Persists
6. Bitwise Dogecoin, Aptos ETF Filing Updates Suggest Path to Approvals: Analyst
7. US Received $88 Billion in Revenue Through Tariffs
8. Quantum Could Threaten Bitcoin’s Encryption in 2-3 Years, Experts Warn
9. 0.1 BTC Is Future American Dream, Says Binance’s CZ
10. Three Exchanges Control 67% of XRP Liquidity — Should XRP Traders Be Worried?
11. GENIUS Act’s Impact: Will Retail Stablecoins Overtake Traditional Banking?
12. MrBeast Pulls AI Thumbnail Tool Following Backlash
13. Digital Ruble Scheduled for September 2026: Russia’s Financial Sovereignty Breakout and Controversy Whirlpool
14. Coinbase CEO: ‘We Are Buying Bitcoin Every Week’
15. Over $17 Billion Worth of Bitcoin and Ethereum At Risk in June Options Expiry
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🚀In June 2025, shares of Circle — the company behind USDC — became the top pick among South Korean retail investors, with net purchases reaching $450 million. This surge in demand is driven by strong growth expectations (with a P/E ratio as high as 187) and favorable stablecoin policies in the country.
The South Korean government is pushing to legalize won-pegged stablecoins, while the National Assembly is reviewing a comprehensive digital asset framework bill. Shares of KakaoPay, a major Korean fintech company, also soared 160% on speculation it may soon be licensed to issue stablecoins.
📌Details: https://followin.io/en/feed/18466913
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⚡️Bit Digital, formerly a Bitcoin mining company, has raised $150 million through a public offering to purchase ETH, marking its official transition to an Ethereum staking model. The company issued 75 million shares at $2 each, along with an additional 11.25 million shares offered to underwriters.
🕯The entire proceeds will be used to acquire ETH, representing one of the largest financial commitments to Ethereum to date. As of March 31, Bit Digital held 24,434 ETH and 418 BTC, with plans to convert all BTC holdings into ETH.
The company has fully shut down its Bitcoin mining operations and now operates as a pure ETH staking entity, aiming to maximize returns from crypto’s evolving market landscape.
📌Details: https://followin.io/en/feed/18465110
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Crypto hodler and alt season 😰
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🕯On June 26, Hong Kong unveiled its Digital Asset Development Policy 2.0, reaffirming its ambition to become a leading global crypto hub. The policy is built around the LEAP framework, focusing on: legal clarity, expansion of tokenized products, real-world adoption, and talent development.
The government will:
Issue licenses for exchanges, stablecoin issuers, and custodians.
Promote tokenization of real-world assets such as bonds, ETFs, gold, and renewable energy.
Launch a licensing regime for stablecoins starting August 1, with pilot implementation supported through Cyberport.
👉 Hong Kong isn’t just opening its doors to crypto — it’s aiming to lead the digital finance era.
📌Details: https://followin.io/en/feed/18448620
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💰On June 26, SEC Commissioner Hester Peirce stated that a “physical redemption” mechanism for crypto ETFs could soon be approved. This structure would allow investors to directly exchange assets like Bitcoin for ETF shares, instead of relying solely on cash-based transactions as is currently required.
Major institutions like BlackRock have been actively advocating for this change to reduce costs and minimize risk. The SEC is currently reviewing related proposals, reflecting growing market interest in more flexible ETF structures.
📌Details: https://followin.io/en/feed/18447682
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💵On June 26, two wallets — likely belonging to the same whale — purchased a total of 4,455 ETH at an average price of $2,458, amounting to roughly $10.95 million. The trade is currently showing a temporary profit of around $170,000, indicating the whale timed the market bottom accurately.
This large-scale ETH accumulation boosts liquidity and creates a positive psychological signal across the investor community. It also serves as a key indicator for retail investors to track major capital flows.
📌Details: https://followin.io/en/feed/18447100
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Hot news
1. 'Defining Moment': Saylor Reacts to Bitcoin's Mortgage Breakthrough
2. Metaplanet Overtakes Musk's Tesla, Becomes Fifth Largest Corporate Bitcoin Holder
3. Invesco and Galaxy Digital File for Solana ETF, Marking 9th US Filing
4. European Commission to Loosen MiCA Rules Despite ECB Warnings
5. Trump Family’s World Liberty Financial To Make WLFI Token Tradable
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❗️Reddit reaffirms its core value in fostering authentic, human-driven conversations — even in the age of AI. The platform is investing heavily in user verification and combating machine-generated content, with a focus on protecting user data and community integrity.
🆕At the same time, Reddit has introduced a new AI-powered tool to help brands connect with users through real, user-generated feedback. CEO Steve Huffman emphasized that only real people can create trustworthy, meaningful, and distinctive content.
📌Details: https://followin.io/en/feed/18446593
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🕯The $HSK token of HashKey — a licensed crypto exchange based in Hong Kong — has jumped 41.3% in the past 24 hours and over 120% this week, pushing its market cap to $79 million.
The rally is fueled by growing optimism around Hong Kong’s favorable regulatory environment and the upcoming launch of stablecoins by major institutions like Guotai Junan and Futu, both of which have tech ties to HashKey.
📌Details: https://followin.io/en/feed/18426966
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