Bitcoin may be flirting with all-time highs, but that’s no reason to hit the sell button, at least according to a list of 30 key market indicators, none of which have signaled a bull market peak.
Despite the recent dip below $104,000 amid Israel’s strikes on Iran, on-chain data suggests BTC could still see another 120% upside. Meanwhile, ETF inflows have remained strong, demonstrating investor confidence despite traders facing sharp liquidations.
This crypto weekly recap breaks down every key development you might have missed last week.
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TOP CRYPTO NEWS RECAP (June 8- June 14, 2025)
- SEC Scraps Biden-Era Crypto Rules Amid Regulatory Rollbacks
- Polkadot Community Divided Over $1.9M Bitcoin Reserve Proposal
- Trump Reveals $57M Windfall from DeFi Project World Liberty Financial
- SharpLink Becomes Largest Public ETH Holder with $463M Ethereum Purchase
- Anthony Pompliano to Lead $750M Bitcoin Investment SPAC
- Hong Kong Develops Crypto Tracking Tool to Tackle Money Laundering
SEC Scraps Biden-Era Crypto Rules Amid Regulatory Rollbacks
The SEC has withdrawn over a dozen proposed rules from the Biden era, including two that targeted crypto custody and DeFi protocols. Key repeals include Rule 3b-16, which aimed to classify DeFi systems as exchanges, and a custody rule that required crypto assets to be held by “qualified custodians.” The move, aligned with Trump’s deregulatory agenda, signals a shift in crypto oversight. Other repealed rules addressed cybersecurity, ESG disclosures, and derivatives reporting.
Polkadot Community Divided Over $1.9M Bitcoin Reserve Proposal
A proposal to convert 500,000 DOT (worth approximately $1.9 million) into Bitcoin via a year-long DCA strategy has sparked debate within the Polkadot community. Proponents see BTC as a hedge amid DOT’s weak performance, while critics argue the timing is poor, with DOT near all-time lows and BTC at highs. The plan aims to build a strategic reserve using tBTC, but concerns remain over its long-term value and execution.
Trump Reveals $57M Windfall from DeFi Project World Liberty Financial
Former U.S. President Donald Trump disclosed earning $57.4 million from World Liberty Financial, a decentralized finance (DeFi) platform he backs alongside his sons. The income, reported in his 2025 ethics filing, stems from token sales of 15.75 billion WLFI governance tokens. The project has raised $550 million since its 2024 launch, attracting major cryptocurrency investors, including Justin Sun. Trump’s broader digital asset ties were also referenced, though NFT income has waned.
SharpLink Becomes Largest Public ETH Holder with $463M Ethereum Purchase
SharpLink Gaming has acquired 176,271 ETH for $462.9 million, making it the largest publicly-traded ETH holder globally. Over 95% of its holdings are staked, generating yield and supporting Ethereum’s network. CEO Rob Phythian affirmed ETH as the company’s treasury reserve asset, signaling a strong belief in Ethereum’s future. Backed by Joseph Lubin, this move comes amid rising institutional interest and U.S. legislative progress on digital assets.
Anthony Pompliano to Lead $750M Bitcoin Investment SPAC
Crypto entrepreneur Anthony Pompliano is reportedly set to become CEO of ProCapBTC, a new Bitcoin-focused investment vehicle aiming to raise $750 million. The fund plans to merge with Columbus Circle Capital 1, a SPAC backed by Cohen & Company. The deal includes $500 million in equity and $250 million in convertible debt. This follows Pompliano’s prior success with ProCap Acquisition, a fintech SPAC that launched on Nasdaq in April 2025.
Hong Kong Develops Crypto Tracking Tool to Tackle Money Laundering
Hong Kong Customs is collaborating with the University of Hong Kong to develop a cryptocurrency tracking tool aimed at combating the rising incidence of money laundering through digital assets. Between 2021 and May 2025, seven of 39 major cases involved crypto, including one operation worth over $229 million. Officials emphasize cross-border cooperation, while recent global cases, like a \$530 million laundering scheme in the U.S., underscore the growing urgency.
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