Crypto casinos have revolutionised online gambling, allowing bets with Bitcoin, Ethereum, Solana, and more. Their appeal lies in blending blockchain’s innovation with the thrill of gaming. Unlike traditional casinos, which demand extensive identity verification, no KYC casinos that accept crypto enable anonymous play, protecting user privacy. This feature resonates with crypto enthusiasts who value decentralisation and data security.For players in regions with restrictive laws or those wary of data breaches, these platforms offer a safe haven. By leveraging blockchain’s pseudonymous transactions, crypto casinos deliver a seamless, private gambling experience online. This fusion of technology and entertainment is redefining the industry, attracting a global audience seeking freedom and anonymity in their online activities.<h2>The Appeal of Anonymity at Crypto Casinos</h2>Anonymity is the heart of crypto casinos’ popularity. Traditional online platforms require IDs, addresses, and bank details, creating a traceable digital footprint.&nbsp;<a href="https://revpanda.com/online-casinos/no-verification/">No KYC casinos</a> eliminate this, letting players gamble without exposing personal information. This privacy is crucial for users in countries with strict gambling regulations or those concerned about data leaks.Here’s why anonymity drives their appeal:<ul><li>Identity Protection:&nbsp;Players avoid linking real-world identities to their bets, ensuring privacy.</li><li>Quick Access:&nbsp;Sign-up is instant, bypassing lengthy KYC processes.</li><li>Global Inclusion:&nbsp;Underbanked regions gain access via crypto’s borderless nature.</li><li>Decentralised Ethos:&nbsp;Aligns with blockchain’s focus on user control.</li></ul>For example, a player in a restrictive region can join a crypto casino using a Bitcoin wallet, betting without fear of exposure. This ease and security attract privacy-conscious users. Additionally, crypto casinos reduce entry barriers, letting anyone with a wallet participate, regardless of location or financial status.The pseudonymous nature of blockchain transactions ensures funds move without revealing identities, making these platforms a natural fit for the crypto community. As data privacy concerns grow, the demand for anonymous gambling continues to surge, positioning crypto casinos as a leading choice for modern players.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>How Crypto Casinos Ensure Anonymity</h2>Crypto casinos use blockchain’s unique features to safeguard anonymity. Players deposit and withdraw via crypto wallets, which require no personal details. Transactions appear as cryptographic addresses on the blockchain, unlinkable to real identities. This pseudonymity forms the core of their privacy model.Key anonymity features include:<ul><li>Decentralised Platforms: Smart contracts automate games and payouts without storing user data.</li><li>Encryption Standards:&nbsp;SSL and wallet security protect transactions from interception.</li><li>VPN Compatibility: Many casinos support VPNs, letting users mask IP addresses.</li><li>Privacy Coins: Some platforms accept Monero or Zcash for enhanced anonymity.</li></ul>Decentralised casinos take this further, operating without central servers that could log user data. Smart contracts ensure fair play by automating outcomes transparently. Encryption secures funds, while VPN-friendly policies add another privacy layer. For instance, a player using a VPN and a Monero wallet can gamble with near-total anonymity.However, this freedom comes with responsibilities. Players must secure their wallets, as lost keys mean lost funds with no recovery option. Reputable casinos offer guides on wallet security and two-factor authentication to help. Some also use provably fair algorithms, letting players verify game fairness via blockchain.While these measures ensure anonymity, users must choose trusted platforms to avoid scams. By combining blockchain’s strengths with user-focused policies, crypto casinos deliver a private, secure gambling experience that appeals to the crypto community.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Limits of Anonymity at Crypto Casinos</h2>Still, anonymity at crypto casinos isn’t absolute. Certain factors can potentially reveal user identities, even on no KYC platforms. Blockchain analysis, for instance, can trace transactions on public ledgers like Bitcoin’s. Sophisticated tools can link&nbsp;<a href="https://coin360.com/news/what-is-crypto-wallet-addresses">wallet addresses</a> to real-world identities if users aren’t careful, such as by reusing addresses across platforms.IP tracking is another risk. Without a VPN, a casino or third party could log a user’s IP address, revealing their location. Some platforms may also inadvertently collect metadata, like browser fingerprints, which could identify users over time.To counter these risks, additional privacy tools and measures are crucial:<ul><li>VPNs:&nbsp;Mask IP addresses to make location tracking difficult.</li><li>Privacy Coins: Monero or Zcash obscure transaction details, unlike Bitcoin’s transparent blockchain.</li><li>Secure Browsing Habits: Avoiding shared devices enhances anonymity.</li><li>Casino Support:&nbsp;Reputable casinos support these tools, but users must proactively adopt them.</li><li>Maximising Anonymity: Pairing no KYC platforms with VPNs and privacy coins boosts privacy, though complete untraceability requires vigilance and technical know-how.</li></ul><div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Challenges of Anonymity at Crypto Casinos</h2>Anonymity at crypto casinos offers freedom but comes with some manageable challenges. Without KYC, some platforms may have less oversight, which can raise questions about&nbsp;<a href="https://ieeexplore.ieee.org/document/6032859">game fairness</a>. However, players can easily choose reputable no KYC casinos that prioritise transparency, such as those with third-party audits or provably fair systems, ensuring an enjoyable experience.Dispute resolution can be trickier without KYC data. Traditional casinos use personal details to handle account issues, but no KYC casinos rely on players managing their crypto wallets. For instance, losing a private key could limit fund access, so users should back up keys securely—a simple step for most crypto enthusiasts.Anonymity can attract regulatory attention due to potential misuse on less reputable platforms. Leading casinos address this by adopting clear policies, like blockchain-verified game outcomes or partnerships with trusted auditors. These efforts maintain user trust while preserving privacy.By selecting platforms with strong reputations and avoiding those with unclear terms, players can embrace the benefits of anonymity with confidence, enjoying a secure and fair gambling experience.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>The Future of Anonymity in Crypto Gambling</h2>The future of crypto casinos hinges on advancing technology and navigating regulations. Innovations like zero-knowledge proofs could revolutionise privacy by verifying bets without revealing wallet details. Privacy coins like Monero and Zcash are gaining traction, offering stronger anonymity than Bitcoin’s transparent blockchain. These coins could become standard for players seeking total privacy.Regulatory pressures pose challenges. Governments are tightening crypto oversight, and some may mandate KYC even for crypto casinos. This could limit anonymity, pushing the industry toward hybrid models. For instance, platforms might offer optional KYC for benefits like higher withdrawal limits while keeping no KYC as the default. Such flexibility could satisfy regulators and users alike.Blockchain advancements will likely enhance anonymity. New protocols could make transactions faster and more private, improving the online gambling experience. Decentralised casinos might integrate AI to detect unfair practices without compromising user data.Meanwhile, player demand for anonymity will persist, driven by growing concerns over data privacy. Crypto casinos will need to innovate to stay ahead, balancing user freedom with trust. As the industry evolves, it will continue to attract crypto enthusiasts who value the seamless, private experience that no KYC casinos provide, ensuring their place in the future of online gambling.

Young woman browsing top lists of no KYC casinos featured by reputable authorities like Revpanda

Young woman browsing top lists of no KYC casinos featured by reputable authorities like Revpanda.jpg

Crypto Casinos & Anonymity

<h2>Political Ties, Market Reactions, and the Rise of a Token Treasury Powerhouse</h2><a href="https://coin360.com/coin/tron-trx">Tron</a> is stepping into the U.S. public markets with a bold strategy: a&nbsp;<a href="https://www.globenewswire.com/news-release/2025/06/16/3099827/0/en/SRM-Launches-TRON-Treasury-Strategy-with-100-000-000-Equity-Investment.html">reverse merger</a> with Nasdaq-listed SRM Entertainment that will result in a rebranded entity, Tron Inc., positioned to mirror MicroStrategy’s&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> treasury model—only with&nbsp;<a href="https://coin360.com/coin/tron-trx">TRX</a>. Confirmed on June 16, the deal circumvents a traditional IPO and enables Tron to enter the capital markets directly, leaning on SRM’s public listing as a launchpad. Once finalized, Tron Inc. will emerge as a public-facing vehicle structured around a $210 million TRX treasury strategy, designed to both boost coin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> and potentially introduce TRX-based dividends for shareholders.The $210 million structure reflects a layered investment vehicle. A private investor committed $100 million through a Securities Purchase Agreement, receiving 100,000 shares of Series B Convertible Preferred Stock—convertible into 200 million common shares at a fixed $0.50 conversion price. Accompanying the equity is a tranche of 220 million warrants, also exercisable at $0.50, which when fully executed, complete the $210 million figure.&nbsp;The deal also includes a $5 million PIPE round, comprising 5,000 Series A Convertible Preferred shares convertible into 10 million common shares. All conversion terms imply a coin price valuation closely aligned with current TRX levels, reinforcing the&nbsp;<a href="https://coin360.com/">crypto price</a> index's relevance in equity pricing. SRM Entertainment’s prior market cap stood at just $25 million, placing the incoming investment at nearly 8.4x that size—underscoring the transformative nature of the transaction.Beyond the capital mechanics, the deal draws political gravity. Dominari Securities, a New York-based investment bank headquartered in Trump Tower, orchestrated the merger. The firm, which saw a 580% stock surge earlier this year after rumors of&nbsp;<a href="https://x.com/TLAMB91/status/1932797603411898745">adding</a> members of the Trump family to its advisory board, has become a central figure in the arrangement.&nbsp;Eric Trump, reportedly set to assume a leadership position at Tron Inc., later&nbsp;<a href="https://x.com/EricTrump/status/1934669116046029272">clarified</a> on June 17 via X: “I’m the biggest fan of Tron and love [Justin Sun] – he is a great friend and an icon in the crypto space. I don’t have public involvement in this company.”&nbsp;<figure class="image"><img alt="Screenshot_12.png" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Screenshot_12_ef0bfd762f.png"></figure>Despite that denial, the Trump connection has stirred attention, amplified by Justin Sun’s history of proximity to Trump-aligned initiatives. Sun has attended a banquet at Trump National Golf Club, holds a top-220 position in the&nbsp;<a href="https://coin360.com/coin/official-trump-trump">TRUMP</a> meme coin holder rankings, and invested $75 million in the Trump-backed World Liberty Financial project—a venture that reportedly returned $57 million to the former president.Market reaction to the announcement was swift. TRX climbed ~5% following the news before giving up some gains, now sitting on $0.2803. Trading volume spiked past $1.2 billion in 24 hours, with TRX’s market cap soaring to $26.5 billion, placing it among the top 10 largest crypto assets by market cap. The increase reflects renewed investor interest not only in TRX but in token-based public treasury models as a whole. With the crypto price index climbing on the back of TRX’s momentum, this move signals broader institutional interest in integrating digital assets with equity frameworks.<figure class="image"><img alt="chart (2)_11zon.jpg" src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/chart_2_11zon_30c462a5eb.jpg"></figure>Justin Sun, serving as an advisor to the restructured Tron Inc., highlighted the project’s strategic focus on&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> and global payments infrastructure. According to Sun,&nbsp;<a href="https://coin360.com/coin/tron-trx">TRON</a> already supports more than 310 million user accounts globally, processing over $20 billion in daily on-chain transactions year-to-date. The rebranding is meant to align Tron Inc.’s operational identity with its mission of on-chain settlement and financial decentralization at a global scale.SRM Entertainment CEO Rich Miller emphasized the forward-looking nature of the move, characterizing it as “investing in the future of the world’s next-generation financial infrastructure.” The firm remains confident it will satisfy Nasdaq’s $1.00 minimum bid requirement before its October 20 deadline, following the 180-day extension granted by the exchange. The transition to Tron Inc. repositions the entity not only as a blockchain infrastructure play but as a pioneering case of merging token-based treasury strategies with legacy market structures.As one of the largest token-treasury public deals to date, the transaction sets a precedent for crypto’s assimilation into equity markets. The planned staking and dividend structure tied to TRX aims to create a yield-generating model for shareholders, turning the crypto price into a source of tangible financial return—an approach that could redefine how public companies approach digital asset management going forward.This article has been refined and enhanced by ChatGPT.

Robot leaping over papers in crypto price index transition

Robot leaping over papers in crypto price index transition.webp

Tron Inc. to Go Public via Nasdaq Reverse Merger, Anchored by $210M TRX Treasury Model

<h2>SEC Under Atkins Dumps Gensler-Era DeFi and Custody Rules and Installs Crypto-Savvy Leadership</h2>SEC Chair Paul Atkins, as of June 13, 2025, has officially withdrawn 14 Gensler-era proposals, including expanded DeFi reporting (Rule 3b-16) and stricter crypto custody mandates for advisors, clearing regulatory burdens and signaling a pro-crypto shift. Simultaneously, the SEC has reshuffled leadership, appointing four senior officials, Jamie Selway (Trading &amp; Markets), Brian Daly (Investment Management), Erik Hotmire, and Kurt Hohl, with deep digital asset experience, effective mid-June to early July 2025. He is also promoting self-custody of crypto assets, deeming it a "foundational American value." In his remarks at the SEC’s Crypto Task Force Roundtable, he expressed a shift toward flexibility in self-custody, criticizing the previous administration’s restrictive measures that hindered innovation.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>US Senate Advances GENIUS Act for Stablecoin Regulation Amid Bipartisan Support and Controversy</h2>The US Senate advanced the GENIUS Act, a stablecoin bill, with a 68-30 vote, aimed at solidifying the US as a leader in digital assets. Majority Leader John Thune advocated for the bill, emphasizing its potential to mainstream cryptocurrency. However, Senator Elizabeth Warren raised concerns about its “core problems,” alleging it facilitates corruption linked to former President Trump’s crypto ventures. Despite bipartisan support for invoking cloture, the bill's future is uncertain, as revisions are sought. The Companion CLARITY Act is also progressing, hinting at a broader legislative push for cryptocurrency regulation as the House deliberates.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>House Committees Advance Clarity Act to Regulate Crypto Amidst Concerns Over Trump's Interests</h2>The House Financial Services and Agriculture Committees advanced the Digital Asset Market Clarity Act (Clarity Act), creating a regulatory framework for cryptocurrencies. The House Agriculture Committee passed it 47-6, while the Financial Services Committee voted 32-19. The bill mandates disclosure for digital asset firms and protects customer funds. It faces scrutiny over President Trump's crypto interests, with calls for amendments to limit potential conflicts of interest. Lawmakers expressed concerns about the SEC's support and the need for more resources at the CFTC, highlighting fears of inadequate enforcement amidst the growing digital asset landscape.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Connecticut Lawmakers Unanimously Prohibit Cryptocurrency Use in Government Transactions</h2>Connecticut lawmakers unanimously passed House Bill 7082, prohibiting state and local government entities from accepting cryptocurrency payments or holding crypto assets. The legislation, aimed at protecting consumers amid the volatility of cryptocurrencies, received bipartisan support with 148 votes in favor and no opponents. Connecticut joins several states rejecting the idea of establishing a state&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> reserve, along with Montana, Wyoming, and others. Representative Jason Doucette emphasized the state's commitment to financial consumer protections. Critics argue that the ban is symbolic and may hinder innovation, as it reflects a broader political stance against cryptocurrency linked to past presidential actions.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Brazil to Allocate 5% of $370B Reserves to Bitcoin in G20 First</h2>Brazil is set to become the first G20 nation to allocate up to 5% of its $370 billion international reserves to Bitcoin, following the advancement of Bill PL 4501/2024. This historic legislation, which is moving through the Brazilian Chamber of Deputies, aims to establish a Strategic Sovereign Bitcoin Reserve (RESBit), allowing the Central Bank and Ministry of Finance to treat Bitcoin as a strategic hedge. This initiative marks a significant shift in institutional attitudes towards digital assets and could influence global sovereign wealth strategies. If enacted, it may redefine how countries manage digital currencies in their reserves.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>South Korea Unveils New Bill for Stablecoin Licensing and Digital Asset Regulation</h2>On June 10, 2025, South Korean lawmaker Min Byeong-deok introduced the Digital Asset Basic Act, establishing a new licensing regime for stablecoin issuers and enhancing the regulatory framework for crypto. This bill, supporting President Lee Jae-myung's vision for a Korean won-based stablecoin market, requires issuers to possess over $500 million Korean won ($367,890) in owner's capital. The proposal builds on the Virtual Asset Investor Protection Act from July 2024, aiming to define digital assets, create a Digital Asset Committee, and penalize unfair market practices, reflecting trends in crypto regulation seen in the U.S. and other regions.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Central African Republic to Launch Tokenized Land Sales on Solana for Global Investors</h2>The Central African Republic (CAR) is launching a platform for global investors to purchase tokenized land concessions using the CAR token on the&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> blockchain. President Faustin-Archange Touadéra announced that these land parcels are ready for agricultural or construction use, being cleared, registered, subdivided, and connected by roads. Initial sales will not include mining rights, focusing on “real, peaceful development.” Additionally, the CAR government is creating a legal framework for the tokenization of natural resources. The initiative aims to empower CAR citizens, protect national wealth, and promote digital innovation through collaboration with both domestic and international partners.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Hong Kong SFC Expands Virtual Asset Regulations to Include OTC Trading and Custodial Institutions</h2>On June 13, 2025, the Hong Kong Securities and&nbsp;<a href="https://coin360.com/glossary/futures-contract">Futures</a> Commission (SFC) announced an expansion of its regulatory framework for virtual assets, focusing on investor protection and compliance. This move includes regulating over-the-counter trading and custodial institutions, aiming to create a sustainable digital asset ecosystem. The framework will impact key assets such as Bitcoin and&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ether</a>, fostering institutional interest.&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Hong Kong Monetary Authority Tests Chainlink CCIP for Real-Time CBDC Payments with Visa and Fidelity</h2>The Hong Kong Monetary Authority (HKMA) is collaborating with&nbsp;<a href="https://coin360.com/coin/chainlink-link">Chainlink</a> to test real-time CBDC payments using its Cross-Chain&nbsp;<a href="https://coin360.com/glossary/interoperability">Interoperability</a> Protocol (CCIP), involving partners like Visa, Fidelity, and ANZ. The pilot, part of the e-HKD+ initiative, focuses on the seamless exchange between the tokenized e-HKD and Australian stablecoin A$DC across different blockchains, executing transactions atomically to reduce counterparty risk. The project exemplifies the importance of tokenizing real-world assets, with a potential market volume in&nbsp;<a href="https://coin360.com/glossary/stablecoin">stablecoins</a> and CBDCs reaching trillions by 2030. Chainlink CCIP operates on over 50 blockchains, securing over $21 trillion in volume.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Russia Targets Illegal Miners with Fines Up to 2 Million Rubles and Crypto Seizures</h2>Russia is intensifying its crackdown on illegal cryptocurrency mining and payments, following the dismantling of two large mining farms in Siberia. Proposed fines range from 100,000 to 2 million rubles ($2,500 to $25,000) for illegal miners, with personal penalties set at 200,000 to 400,000 rubles for officials and citizens involved in unlawful mining. Additionally, using cryptocurrencies for payments outside designated legal frameworks may incur fines up to 1 million rubles. The law aims to combat energy shortages exacerbated by illegal mining and involves confiscation of illegally minted digital currencies, with penalties awaiting legislative approval.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Argentina's President Milei Cleared of Misconduct Over LIBRA Promotion Despite Major Market Crash</h2>Argentine President Javier Milei was cleared of misconduct regarding his promotion of the&nbsp;<a href="https://coin360.com/coin/libra-libra">LIBRA</a> memecoin, with the anti-corruption office stating he spoke "as an economist." After his endorsement, LIBRA's&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> soared to approximately $4.5 billion in February. However, following Milei's deletion of the post—after he admitted ignorance about the project—LIBRA's value plummeted by 90%, erasing over $4 billion. On-chain data revealed that 86% of traders lost a total of $251 million. Controversially, LIBRA's co-creator Hayden Davis boasted about his influence over Milei due to payments made to his sister, Karina Milei.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Four Charged in $190 Million Crypto Money Laundering Scheme After Major Raids in Australia</h2>Australian authorities have charged four individuals, including three men (ages 32, 48, 58) and one woman (35), in a $190 million crypto money laundering scheme linked to organized crime. A 70-member task force executed 14 raids across Brisbane and the Gold Coast, seizing $21 million in assets. The accused allegedly used a security business's armored transport service to launder cash into cryptocurrency, facilitating drug trafficking and other crimes. Key metrics include the laundering of $9.5 million by a major client in just 15 months and the restraint of 17 properties, bank accounts, and vehicles valued at approximately $21 million.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Crypto Founder Arrested for Laundering $530 Million for Sanctioned Russian Banks</h2>Iurii Gugnin, a 38-year-old crypto founder, was arrested for laundering over $530 million for sanctioned Russian entities, including banks like Sberbank and VTB Bank. Operating through his firms, Evita Investments and Evita Pay, he allegedly used&nbsp;<a href="https://coin360.com/coin/tether-usdt">Tether</a> and shell accounts to conceal the funds' origins and ties to Russia. Prosecutors accuse him of falsifying compliance documents and rewriting invoices to evade detection. Gugnin, who lived in a luxury Manhattan apartment, searched online for information on investigations and money laundering penalties before his arrest. If convicted, he faces up to 30 years in prison for bank fraud alone.This article has been refined and enhanced by ChatGPT.

Robot tearing SEC rule scrolls in pastel crypto [DeFi] scene

Robot tearing SEC rule scrolls in pastel crypto [DeFi] scene.jpg

This Week’s Global Policy Sees SEC U-Turn and Brazil Bitcoin Shift

<h2>Ethereum Funds Surge Amid $286M Crypto Inflows, Bitcoin Faces Outflows as Fed Uncertainty Lingers</h2>In the week ending June 9, 2025, crypto investment products experienced $286 million in net inflows, marking the eighth consecutive week of gains totaling $11.3 billion, according to CoinShares.&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ethereum</a>-based funds led with $296.4 million in inflows, while&nbsp;<a href="https://coin360.com/coin/bitcoin-btc">Bitcoin</a> products faced $56.5 million in outflows. U.S. spot Ethereum ETFs accounted for $281.3 million of inflows. The U.S. dominated regional inflows at $175 million, despite some minor outflows in Brazil and Hong Kong. Overall, investor sentiment remains cautious due to U.S. Federal Reserve policy uncertainties, prompting a wait-and-see approach among investors.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bloomberg Analyst Raises Solana and Litecoin ETF Approval Odds to 90%</h2>Bloomberg analyst James Seyffart has increased the likelihood of&nbsp;<a href="https://coin360.com/coin/solana-sol">Solana</a> (<a href="https://coin360.com/coin/solana-sol">SOL</a>) and&nbsp;<a href="https://coin360.com/coin/litecoin-ltc">Litecoin</a> (<a href="https://coin360.com/coin/litecoin-ltc">LTC</a>) spot ETF approvals to 90%.&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a> follows at 85%,&nbsp;<a href="https://coin360.com/coin/dogecoin-doge">Dogecoin</a> (<a href="https://coin360.com/coin/dogecoin-doge">DOGE</a>) at 80%, and&nbsp;<a href="https://coin360.com/coin/cardano-ada">Cardano</a> (<a href="https://coin360.com/coin/cardano-ada">ADA</a>),&nbsp;<a href="https://coin360.com/coin/polkadot-dot">Polkadot</a> (<a href="https://coin360.com/coin/polkadot-dot">DOT</a>),&nbsp;<a href="https://coin360.com/coin/avalanche-avax">Avalanche</a> (<a href="https://coin360.com/coin/avalanche-avax">AVAX</a>), and&nbsp;<a href="https://coin360.com/coin/hedera-hashgraph-hbar">Hedera</a> (<a href="https://coin360.com/coin/hedera-hashgraph-hbar">HBAR</a>) at 75%. The SEC is actively reviewing proposals, requesting updated registration forms and clarifications on staking. Major firms like Grayscale and VanEck are vying to launch Solana ETFs. Despite recent delays, Seyffart suggests approvals may not happen until late June or early July 2025, with a more realistic outlook set for late 2025, as other countries lead with opportunistic ETF launches.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>BlackRock's Bitcoin ETF Hits $70 Billion in 341 Days, Outpacing Gold's Record by Five Times</h2>BlackRock's IBIT fund, a spot Bitcoin ETF, has achieved over $70 billion in assets within just 341 days of trading, setting a record for the fastest ETF to reach this milestone—five times quicker than the previous record held by GLD, a gold ETF, which took 1,691 days. BlackRock's ETF significantly outpaces Fidelity's, which has around $31 billion in assets. The GLD ETF, launched in November 2004, remains the largest gold ETF, with about $100 billion in AUM. Both Bitcoin and gold prices have surged amid economic uncertainty influenced by President Trump's tariff strategy.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Nasdaq Seeks SEC Approval to Add XRP, SOL, ADA, and XLM to Crypto Index ETF</h2>On June 7, 2025, Nasdaq proposed to the SEC an amendment to the Hashdex Nasdaq Crypto Index ETF (NCIQ) to include XRP, Solana (SOL), Cardano (ADA), and&nbsp;<a href="https://coin360.com/coin/stellar-lumens-xlm">Stellar Lumens</a> (<a href="https://coin360.com/coin/stellar-lumens-xlm">XLM</a>), expanding beyond its current holdings of Bitcoin (<a href="https://coin360.com/coin/bitcoin-btc">BTC</a>) and Ethereum (<a href="https://coin360.com/coin/ethereum-eth">ETH</a>). This move aims to align the ETF with the broader Nasdaq Crypto Index (NCI) and mitigate tracking errors caused by regulatory constraints. A SEC decision is anticipated by November 2, 2025, with potential implications for the U.S. crypto ETF market, enhancing access to a diversified portfolio of digital assets for investors amid evolving financial landscapes.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Invesco and Galaxy Seek SEC Approval for Solana ETF as Hopes for 90% Approval Surge</h2>Invesco and Galaxy Digital have filed a trust in Delaware as a preliminary step toward SEC approval for a Solana spot ETF, amidst high expectations for regulatory progress. Analysts predict a 90% likelihood of approval for Solana and Litecoin ETFs by year-end, with XRP at 85%. The SEC has requested S-1 filing adjustments, signaling potential imminent decisions within three to five weeks. Institutional interest grows as Solana ranks fifth in&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market capitalization</a>, trading around $147, despite a recent 7% decline. Other firms, including Grayscale and Fidelity, are also vying to launch this first Solana ETF in the U.S. market.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Major Firms Submit S-1 Filings for Spot Solana ETFs, Indicating Potential SEC Approval</h2>Several investment firms, including Franklin Templeton, Galaxy Digital, Grayscale, VanEck, and Fidelity, submitted updated S-1 filings for spot Solana exchange-traded funds (ETFs), suggesting an increased likelihood of SEC approval. The SEC requested amendments related to in-kind redemptions and staking approaches, with experts estimating a potential timeline of two to four months for ETF launches. Grayscale disclosed a 2.5% fee for its fund, while VanEck incorporated staking into its proposal. The SEC has previously approved spot Bitcoin and Ethereum ETFs but remains cautious about alternative tokens, despite growing lobbying efforts and recent SOL&nbsp;<a href="https://coin360.com/glossary/futures-contracts">futures</a> listings.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Canary Capital Registers Delaware Trust for Upcoming Injective (INJ) ETF, Aiming to Boost DeFi Investment</h2>Canary Capital has registered a Delaware trust for the upcoming&nbsp;<a href="https://coin360.com/coin/injective-inj">Injective</a> (<a href="https://coin360.com/coin/injective-inj">INJ</a>) ETF, intended to enable staking and passive income generation. Though the SEC application is not yet filed, this move aims to attract US-based investors. INJ, considered undervalued, has seen a rise in daily users to 48K, with recent price gains of 4.7% to $13.56. The total supply of INJ is 100M, with about 97M in circulation. Despite generating $40K in daily fees and lagging in liquidity, the promising ETF prospects may enhance mainstream investment in&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a> and increase INJ's adoption.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Nasdaq Files for 21Shares’ SUI ETF Listing, Signaling Growing Institutional Adoption</h2>Nasdaq has filed with the U.S. SEC for the listing of 21Shares’&nbsp;<a href="https://coin360.com/coin/sui-sui">SUI</a> ETF, following an S-1 registration in April, signaling notable institutional adoption of the&nbsp;<a href="https://coin360.com/coin/sui-sui">Sui</a> ecosystem. The SUI ETF has witnessed over $300 million in global ETP inflows, reflecting rising institutional interest. The Sui Foundation, which ranks 8th by total value locked, noted substantial growth with a stablecoin&nbsp;<a href="https://coin360.com/glossary/market-capitalization">market cap</a> surpassing $1.1 billion and $110 billion in transfer volume in May. Custodians for the ETF will be BitGo and&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a>, highlighting a shift towards broader accessibility in digital asset investments for U.S. investors.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Circle's CRCL Soars Post-IPO; ProShares and Bitwise File for ETFs</h2>Circle Internet Group, which trades under the ticker CRCL, launched its IPO on June 5, 2025, priced at $31 per share and quickly surged nearly 200% to around $115, giving it a market cap of approximately $25 billion. As the issuer of&nbsp;<a href="https://coin360.com/coin/usd-coin-usdc">USDC</a>, the world's second-largest stablecoin with a market cap of $61 billion, Circle's rapid success has prompted ProShares and Bitwise to file for single-stock ETFs based on CRCL. ProShares' ETF is a leveraged product, while Bitwise's focuses on a covered call strategy. Both ETF filings have an effective date of August 20, 2025.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Franklin Templeton Launches Intraday Yield Feature for BENJI Fund</h2>Franklin Templeton has launched a patent-pending intraday yield feature for its BENJI Fund, the second-largest tokenized treasury fund in DeFi with $775 million in assets under management (AUM). Live on eight blockchains, BENJI has 63% of its AUM, or $489 million, on Stellar Network. This feature allows investors to earn yield whenever tokenized securities are transferred, paid out daily, including weekends and holidays. It enhances financial practices like collateral management and introduces&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a>-to-wallet transfers. Head of Digital Assets Roger Bayston emphasized that this innovation could attract new clients and expand investable asset opportunities in the market.This article has been refined and enhanced by ChatGPT.

Robot opens ETF filing cabinet full of [ETF]

Robot opens ETF filing cabinet full of [ETF].jpg

Crypto Funds Weekly Recap: Ethereum Dominates, Solana ETF Hopes Rise

<h2>Uphold Explores IPO or Sale Amid $1.5 Billion Valuation, Focuses on XRP Users</h2>Uphold CEO Simon McLoughlin announced that the company is considering an initial public offering (IPO) in the U.S. or a sale to a payments company, seeking a valuation exceeding $1.5 billion. This decision follows their promotion of initiatives aimed at U.S. consumers interested in&nbsp;<a href="https://coin360.com/coin/xrp-xrp">XRP</a>. Uphold’s revenue is projected to rise from $80 million in 2022 to over $300 million in 2025. The company recently launched a self-custody&nbsp;<a href="https://coin360.com/glossary/crypto-wallets">wallet</a> and a U.S. debit card offering XRP bonuses, and has partnered with IG Group to enable crypto trading. FT Partners is engaged to explore strategic options for Uphold.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Bullish, Peter Thiel-Backed Crypto Exchange, Files for Confidential U.S. IPO</h2><a href="https://coin360.com/exchange/bullish">Bullish</a>, a crypto exchange backed by Peter Thiel, has confidentially filed for a U.S. IPO, as reported by the Financial Times. The company submitted its paperwork to the SEC in recent weeks to maintain financial privacy until nearer to its public offering, with Jefferies anticipated to be the lead underwriter. Bullish had previously attempted a SPAC IPO in 2021 but did not complete the process. This move follows Circle’s recent successful IPO and aligns with other crypto firms like&nbsp;<a href="https://coin360.com/exchange/kraken">Kraken</a> and&nbsp;<a href="https://coin360.com/exchange/table">Gemini</a> also planning public offerings, indicating a growing trend of IPOs in the cryptocurrency sector.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Siebert Financial Secures SEC Approval to Raise $100M for Crypto and AI Investments</h2>Siebert Financial Corp has received approval from the U.S. SEC for a shelf registration statement, allowing it to raise up to $100 million to invest in crypto assets, AI, and technology innovation. CEO John Gebbia emphasized that this capital access will enhance strategic growth, enabling decisive moves in key sectors. Wall Street Zen upgraded Siebert's stock rating to "strong buy" following a Q1 report showing $0.22 earnings per share and a 12.83% net margin. Notable institutional investors increased their stakes, with Renaissance Technologies boosting its holdings by 275%. Siebert remains committed to pursuing advanced technology investments for long-term shareholder value.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>SBI Group Invests $50 Million in Circle, Emphasizing Confidence in Stablecoin Future</h2>The SBI Group has made a significant $50 million investment in Circle, with its subsidiaries SBI Holdings and SBI Shinsei Bank each contributing $25 million. This move reflects confidence in the future of stablecoins and follows Circle's successful IPO, which saw its stock price soar from $31 to over $131 shortly after listing. While some investors express caution over Circle's inflated valuation, SBI remains optimistic, citing a strategic partnership to enhance USDC adoption in Japan. The collaboration includes a joint venture, Circle SBI Japan KK, aimed at integrating USDC into Japan’s financial ecosystem as regulatory conditions improve.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>OpenLedger Commits $25M to Support Decentralized AI Protocols via OpenCircle Launchpad</h2>OpenLedger has committed $25 million through its new launchpad, OpenCircle, to fund AI and&nbsp;<a href="https://coin360.com/glossary/web3-companies-projects">Web3</a> developers focused on decentralized AI protocols. This initiative follows an $8 million seed round raised in 2024 and a partnership with&nbsp;<a href="https://coin360.com/coin/ethereum-eth">Ether</a>.fi to enhance AI model development and security. OpenCircle aims to democratize AI development by allowing contributors of code, data, or computing resources to share in the value created. The funding reflects the growing intersection of blockchain and AI, with notable collaborations like Telegram's integration of the Grok AI chatbot and acceptance of the&nbsp;<a href="https://coin360.com/coin/toncoin-ton">TON</a> token for payments.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Turnkey Secures $30M Series B Funding Led by Bain Capital Crypto</h2>Turnkey, a crypto key management and wallet infrastructure startup founded by former&nbsp;<a href="https://coin360.com/review/coinbase">Coinbase</a> employees, has secured $30 million in a Series B funding round led by Bain Capital Crypto. Other notable investors include Sequoia Capital, Lightspeed Faction, Galaxy Ventures, Wintermute Ventures, and Variant, raising Turnkey's total funding to over $50 million. The company currently powers over 50 million embedded wallets and serves prominent clients such as&nbsp;<a href="https://coin360.com/coin/magic-eden-me">Magic Eden</a>, Alchemy, and Bridge in&nbsp;<a href="https://coin360.com/glossary/decentralised-finance">DeFi</a>, payments, and AI applications. The new funding will be used to scale the team and enhance its modular infrastructure with a focus on open-source contributions.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Yupp Secures $33 Million Seed Funding Led by a16z Crypto for AI Model Evaluation Platform</h2>AI startup Yupp has raised $33 million in a seed funding round led by a16z crypto, with participation from over 45 investors, including notable figures from Google and Coinbase. Launched in June 2024, Yupp enables users to compare answers from multiple AI models like ChatGPT and Claude while earning crypto rewards. The platform promotes transparency and user feedback to improve AI evaluations, utilizing a "Yupp VIBE Score" to rank model performance. By integrating various payment options, Yupp aims to incentivize contributions that enhance AI model training and evaluation, positioning itself as a key player in AI assessment through crypto technologies.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>Noah Secures $22 Million in Seed Funding to Develop Global Stablecoin Payment Network</h2>Noah, a stablecoin infrastructure startup, recently raised $22 million in seed funding led by LocalGlobe, with participation from Felix Capital, FJ Labs, and several angel investors. The company aims to develop a global stablecoin payment network, bridging fiat and stablecoins through web and mobile applications. Co-founder Thijn Lamers, a former Adyen executive, joins CEO Shah Ramezani, who reported that Noah has processed over $1 billion in transactions, enabling currency conversions in real-time across 70 countries. In a competitive landscape, Noah leverages strong relationships in tech, regulation, and banking to differentiate itself from major players.<div class="page-break" style="page-break-after:always;">&nbsp;</div><h2>OneBalance Raises $20 Million in Series A for Cross-Chain Infrastructure Development</h2>OneBalance, a cross-chain infrastructure development firm, secured $20 million in Series A financing, boosting its total funding to $25 million. The funding round was led by Cyber Fund and&nbsp;<a href="https://coin360.com/glossary/blockchain">Blockchain</a> Capital, with additional contributions from Mirana Ventures and L2IV. Blockchain Capital's Spencer Bogart has joined OneBalance’s board. The firm plans to enhance its employee count and expand its Toolkit product, which facilitates seamless cross-chain transactions. CEO Stephane Gosselin emphasized the need for user-friendly web3 experiences. OneBalance previously raised $5 million in seed funding in June 2024, supported by entities like Consensys and Wintermute.This article has been refined and enhanced by ChatGPT.

Robot leaps over IPO forms in crypto [IPO]

Robot leaps over IPO forms in crypto [IPO].jpg

This Week in Crypto Funding Sees Billion-Dollar IPO Moves and Stablecoin Surge

Bitcoin remains stagnant at $16,800, forming a consolidation range over the last 24 hours. However, with the end-of-year holidays upon us, it will be interesting to see if the market leader moves in a specific direction.

ETH also kept changing hands around $1,200, and was the subject of <a href="https://cointelegraph.com/news/crypto-platform-paxful-removes-eth-from-its-marketplace" target="_blank">strong criticism from Paxful CEO</a> Ray Youssef, who removed it from the global peer-to-peer crypto trading platform. According to Youssef, the company will continue to support Bitcoin, which he termed as the answer to global financial woes.

Meanwhile, the S&amp;P 500 is gradually trying to climb up into its support band and is currently struggling to break through 3,870, whereas DXY came through with a strong bounce at 104.

<img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Coin360_112_f5067aee7a.png" alt="Coin360 (112).png" />

<h2 id="top-altcoin-gainers-and-losers">Top  altcoin gainers and losers</h2>

<h3 id="gainers">Gainers</h3>

<ul>
<li><a href="https://coin360.com/coin/helium-hnt" target="_blank">Helium HNT</a> (+31.58%)</li>
<li><a href="https://coin360.com/coin/toncoin-ton" target="_blank">Toncoin TON</a> (+9.09%)</li>
<li><a href="https://coin360.com/coin/decred-dcr" target="_blank">Decred DCR</a> (+5.83%)</li>
</ul>

<h3 id="losers">Losers</h3>

<ul>
<li><a href="https://coin360.com/coin/neutrino-usd-usdn" target="_blank">Neutrino USD USDN</a> (-6.51%)</li>
<li><a href="https://coin360.com/coin/lido-dao-token-ldo" target="_blank">Lido DAO Token LDO</a> (-4.14%)</li>
<li><a href="https://coin360.com/coin/gensokishi-metaverse-mv" target="_blank">GensoKishi Metaverse MV</a> (-3.71%)</li>
</ul>

<h2 id="bitcoin-technical-analysis">Bitcoin Technical Analysis</h2>

Since our rejection and crash from $18,400, [Bitcoin](https://coin360.com/coin/bitcoin-btc) has been due for a relief bounce. Liquidity may be taken around $17,300 and higher before Bitcoin completes this move and tests range lows around $15,500. Our current consolidation range is being used by multiple market participants with similar ideas. However, looking at future data and liquidation maps we may visit $16,500 once again to trigger their stop losses before filling any imbalances above.

<img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/btc21dec_fd063d17d7.png" alt="btc21dec.png" />

<h2 id="ethereum-technical-analysis">Ethereum Technical Analysis</h2>

<a href="https://coin360.com/coin/ethereum-eth" target="_blank">Ethereum</a> has been tame in the past few days and has not shown a lot of deviations which typically leave traders in tatters. We have a long liquidation cluster at $1,250, but looking at the decreasing volume along with sell walls present on exchanges, it is likely to see $1,190 or even $1,175 before we go higher and form a higher low.

<img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/eth21dec_3c3e74ef0e.png" alt="eth21dec.png" />

<h2 id="nft-market-map">NFT Market Map</h2>

It’s clear that the Yuga Labs family has been dominating the NFT trading volume today, with <a href="https://coin360.com/nft/0xba30e5f9bb24caa003e9f2f0497ad287fdf95623" target="_blank">BoredApeKennelClub</a> (+1,844.94%), <a href="https://coin360.com/nft/0x60e4d786628fea6478f785a6d7e704777c86a7c6" target="_blank">MutantApeYachtClub</a> (+270.99%), <a href="https://coin360.com/nft/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d" target="_blank">Bored Ape Yacht Club</a> (+173.91%) ranking no.1, 2, and 4 on the leaderboard, respectively.

<a href="https://coin360.com/nft/0xae99a698156ee8f8d07cbe7f271c31eeaac07087" target="_blank">Mutant Hound Collars</a> (+90.01%), which was born to expand the lore of the Yuga Labs ecosystem, topped the trading volume table as the runner-up.

Earlier today BAYC announced that <a href="https://twitter.com/BoredApeYC/status/1605329797030113280?s=20&amp;t=VE10cP1cHABfUnf8faU0CA" target="_blank">the Trial of Jimmy the Monkey</a> will start tomorrow, which is set to allow a free, playable, interactive mint experience for <a href="https://twitter.com/BoredApeYC/status/1605329800314294272?s=20&amp;t=VE10cP1cHABfUnf8faU0CA" target="_blank">BAYC and MAYC holders</a>.

<img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/Coin360_111_f0dcefc01b.png" alt="Coin360 (111).png" />

<h2 id="coin360-daily-digest">Coin360 Daily Digest</h2>

Here&rsquo;s a rundown of the major crypto market news from today.

<img src="https://prod-coin360-cms.s3.eu-central-1.amazonaws.com/dailydigestdec21_aeb9f3c5a4.jpg" alt="dailydigestdec21.jpg" />

For more daily updates and news, follow us on <a href="https://twitter.com/COIN360com" target="_blank">Twitter</a>.

Disclaimer: None of the information here constitutes financial advice and market participants are advised to conduct their own research since cryptocurrencies are speculative assets with considerable risks.

Bitcoin remains stagnant as consolidation continues in current range

Top altcoin gainers and losers

Gainers

Losers

Bitcoin Technical Analysis

Ethereum Technical Analysis

NFT Market Map

Coin360 Daily Digest

Latest News @Coin360

Crypto Casinos & Anonymity

Tron Inc. to Go Public via Nasdaq Reverse Merger, Anchored by $210M TRX Treasury Model

This Week’s Global Policy Sees SEC U-Turn and Brazil Bitcoin Shift

Crypto Funds Weekly Recap: Ethereum Dominates, Solana ETF Hopes Rise

This Week in Crypto Funding Sees Billion-Dollar IPO Moves and Stablecoin Surge