top of page
Search

Latest Crypto News – June 2, 2025: Crypto Trends, GameFi, DeFi & Web3


Latest Crypto News

Market Overview

Bitcoin (BTC) is trading at $105,337, showing a slight increase of 0.9%. Ethereum (ETH) stands at $2,616.88, up by 5.4%. Other notable movements include Solana (SOL) at $160.91 (+4.3%), and XRP at $2.20 (+2.3%). These gains come amid renewed institutional interest and political support for cryptocurrencies.


Top Crypto News


  • Circle Targets $7.2 Billion Valuation in Upsized US IPO

Circle Internet, issuer of the USD Coin (USDC), plans to raise up to $896 million through an expanded initial public offering in the U.S., aiming for a valuation of $7.2 billion. This move reflects growing investor confidence in the crypto sector under the Trump administration's supportive stance.


  • Manfred Knof Joins DeFi Technologies

Former Commerzbank CEO Manfred Knof has joined DeFi Technologies as a strategic adviser and chair of its subsidiary, Valour. His appointment aims to drive global growth and institutional expansion in the digital asset space.


  • JPMorgan CEO Warns U.S. on Economic Priorities

Jamie Dimon, CEO of JPMorgan Chase, cautioned the U.S. government about potential threats to national security and economic stability, emphasizing the need to prioritize defense infrastructure over investments in areas like cryptocurrency.


  • Bitcoin Aligns with MAGA Movement

At the Bitcoin 2025 Conference in Las Vegas, the cryptocurrency industry showcased a notable political shift toward the MAGA movement, shedding its formerly libertarian, anti-government ethos. Prominent Trump allies, including Vice President JD Vance, addressed the gathering, signaling governmental endorsement and momentum for the industry.


  • Polygon NFTs Surpass $2 Billion in Sales

Polygon-based non-fungible tokens (NFTs) have exceeded $2 billion in all-time sales volume, marking a significant achievement for digital collectibles on the network. This milestone comes amid consistent growth in monthly sales, highlighting interest and adoption within Polygon’s NFT ecosystem.


  • CertiK Reports $302 Million Lost to Web3 Exploits in May

Blockchain security firm CertiK reported that over $302 million was lost across Web3 through scams, hacks, and exploits in May 2025. While overall losses marked a 16.94% decrease from April, code vulnerabilities saw a dramatic surge, accounting for the majority of stolen funds.


Regulatory & Policy Updates


  • U.S. Senate Advances Stablecoin Regulation

The U.S. Senate has advanced legislation aimed at regulating stablecoins, a type of cryptocurrency pegged to assets like the U.S. dollar or gold. With a 66-32 procedural vote, the measure gained traction after Republicans negotiated key additions, including enhanced oversight for foreign issuers and restrictions preventing tech giants from issuing their own stablecoins. (apnews.com)


  • SEC Expresses Concerns Over Crypto ETF Staking

The Securities and Exchange Commission's Division of Corporation Finance released a statement regarding protocol staking activities related to crypto assets, highlighting potential regulatory issues. (paulhastings.com)


Web3 & DeFi Developments


  • DeFi Development Corp. Reports Record Growth: DeFi Development Corp. announced a record-setting May 2025, highlighted by significant advancements across its validator infrastructure, treasury growth, and strategic integrations, including a partnership with Kamino Finance. (globenewswire.com)


  • Hooked Protocol Launches Web3 Education Program: Hooked Protocol unveiled the launch of the Hooked Uni-Certs Program in Vietnam, a major leap forward in integrating Web3 education into mainstream academia, aiming to build long-term partnerships with top universities. (medium.com)


  • VanEck's PurposeBuilt Fund: Asset manager VanEck announced the launch of the PurposeBuilt Fund on Avalanche, aiming to support Web3 projects in gaming, DeFi, AI, and tokenized assets, focusing on long-term utility over speculation. (ccn.com)


  • Qubetics ($TICS) Presale: Qubetics, a Web3 aggregator facilitating cross-chain interoperability, is in its 37th presale stage, having raised over $17.6 million with more than 27,400 holders. The platform aims to streamline DeFi, GameFi, and NFT interactions across blockchains. (cryptotimes.io)


NFTs & Metaverse


  • Mediawan to Turn Claynosaurz NFT into Animated Series: Mediawan Kids & Family announced plans to produce a 39-episode animated series based on the Claynosaurz NFT brand, set to launch on YouTube and be available for TV and streaming buyers. (kidscreen.com)


GameFi & Play-to-Earn Highlights


  • Bonk Arena Launch: Solana-based meme coin Bonk introduced "Bonk Arena," a kill-to-earn FPS game developed by Bravo Ready. The game is accessible via web browsers and the Phantom Wallet mobile app, marking Bonk's expansion into the GameFi space. (crypto.news)


  • GOAT Gaming Livestream: GOAT Gaming announced a livestream event focusing on Play-to-Earn trends. The announcement correlated with a 12% spike in AXS trading volume, indicating heightened market interest. (blockchain.news)


  • LOLLandGame Buzz: Speculation around LOLLandGame's developments led to increased trading volumes in gaming tokens like AXS and SAND, with AXS recording a 24-hour volume of $45 million, up 8% from the previous day. (blockchain.news)



Notable Token Launches on June 2, 2025


  1. LayerEdge ($EDGEN): A BTC-layer decentralized network launched on Binance Alpha, with airdrops commencing on June 2. (binance.com)

  2. Bonk Arena Token: Coinciding with the game's launch, Bonk introduced a new token to support its GameFi ecosystem. (crypto.news)

  3. Qubetics ($TICS): Continued its presale phase, emphasizing its role in enhancing cross-chain DeFi and GameFi experiences. (cryptotimes.io)

  4. AurealOne & DLUME: These projects entered presale stages, focusing on advancing Web3 gaming and DeFi solutions. (tribuneindia.com)

  5. Virtual Protocol (VIRTUAL): Gaining attention for its integration of AI and Web3 gaming, offering innovative solutions in the virtual space.

  6. Kaito AI (KAITO): An AI-driven platform merging social influence with tokenized incentives, experiencing a 119% year-to-date return. (nftevening.com)

  7. Hyperliquid (HYPE): A decentralized perpetual exchange built on its own Layer 1, witnessing a 57% year-to-date return. (nftevening.com)

  8. Sui (SUI): A Layer 1 blockchain gaining traction for its scalability and developer-friendly environment.

  9. Bittensor (TAO): Focusing on decentralized machine learning, TAO is making strides in the AI and blockchain intersection. (nftevening.com)

  10. Dogecoin (DOGE): While not a new launch, DOGE remains influential, especially with its community-driven initiatives and high liquidity. (nftevening.com)



Top Gainers - Latest Crypto News

Rank

Name

Symbol

Price

24h Change

24h Volume

1

Sky 54

SKY

$0.07605

+16.43%

$7.69M

2

dogwifhat

WIF

$0.9827

+16.04%

$439.03M

3

Ethena

ENA

$0.3417

+13.17%

$246.32M

4

Hyperliquid

HYPE

$36.80

+12.30%

$319.82M

5

Pepe

PEPE

$0.00001264

+10.29%

$1.07B

6

SPX6900

SPX

$1.08

+9.76%

$69.90M

7

Artificial Superintelligence Alliance

FET

$0.8025

+9.55%

$141.62M

8

Pendle

PENDLE

$4.34

+9.34%

$77.66M

9

Arbitrum

ARB

$0.3643

+8.85%

$185.40M

10

Stacks

STX

$0.7831

+8.33%

$29.11M


Top Losers

Rank

Name

Symbol

Price

24h Change

24h Volume

1

DeXe

DEXE

$9.30

-34.20%

$99.45M

2

Bittensor

TAO

$392.71

-3.49%

$131.70M

3

Flare

FLR

$0.01846

-3.15%

$7.22M

4

XDC Network

XDC

$0.06015

-1.76%

$33.47M

5

Four

FORM

$2.75

-1.76%

$16.77M

6

Cronos

CRO

$0.1032

-1.01%

$23.56M

7

KuCoin Token

KCS

$11.23

-0.59%

$2.92M

8

Zcash

ZEC

$53.30

-0.22%

$85.85M

9

Bitcoin Cash

BCH

$402.69

0.00%

$390.07M


Disclaimer: This information is for educational and informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.

Comments

bottom of page