Home » Crypto news for 13th Jun 2025

Crypto news for 13th Jun 2025

by hotshed71

Contents

Stock market information for Bitcoin (BTC)

  • The price is 105158.0 USD currently with a change of -1731.00 USD (-0.02%) from the previous close.
  • The intraday high is 106895.0 USD and the intraday low is 103081.0 USD.

Stock market information for Ethereum (ETH)

  • The price is 2528.65 USD currently with a change of -169.13 USD (-0.06%) from the previous close.
  • The intraday high is 2698.66 USD and the intraday low is 2465.99 USD.

Here’s today’s structured Daily Crypto Industry News Digest:


Today’s Top Crypto Headlines

1. Bitcoin tumbles amid Middle East tensions Bitcoin dropped ~2.7% to around $104,700 as geopolitical concerns in the Middle East intensified. Ethereum and major altcoins also declined, challenging Bitcoin’s narrative as a safe-haven asset Why it matters: This highlights crypto’s sensitivity to geopolitical risk and its correlation with traditional risk assets.

2. DRW invests $100M in Trump’s crypto project DRW founder Don Wilson put $100M into Trump Media’s crypto efforts weeks after the SEC dropped a case against his firm. The move underlines growing ties between crypto and political players Why it matters: This signals increased political influence over crypto regulation and potential shifts toward pro-crypto policies.

3. Galaxy Digital CEO bullish on stablecoins Mike Novogratz highlighted Bitcoin’s rally and outlined aggressive infrastructure expansion via Galaxy’s IPO, emphasizing the future of treasury-backed stablecoins Why it matters: It shows institutional belief in stablecoins and blockchain infrastructure as foundational to global finance.

4. Coinbase to launch CFTC-compliant perpetual futures Coinbase plans to add perpetual futures in the U.S. under CFTC oversight, offering traders leveraged crypto exposure in a regulated environment Why it matters: This could bring advanced derivatives into the mainstream, bridging institutional and retail crypto trading.

5. EU licenses crypto giants under MiCA rules Under EU’s new MiCA framework, platforms like Gemini and Crypto.com secured continent-wide licenses, signaling regulatory maturation Why it matters: It paves the way for safer and more accessible crypto services across the EU, promoting market growth.

6. Tephra Digital posts 11% gain in May Crypto hedge fund Tephra saw strong returns (+11%) in May, joining similarly performing peers, driven by Ether’s rally and Bitcoin gains Why it matters: Indicates growing institutional returns in crypto markets, boosting confidence among investors.

7. UK to allow retail access to crypto ETNs The UK FCA is proposing to lift its ban on retail exposure to crypto Exchange-Traded Notes (ETNs), aligning UK standards with global peers Why it matters: Retail access may significantly expand UK participation in crypto, increasing demand and market depth.


Market Snapshot (as of now)

  • Top 5 Altcoins by Market Cap: Presumed: ETH (~$2,529), BNB, XRP, SOL, ADA
  • Global crypto market cap: ~$3.3 trillion, 24h change approx –2%
  • Notable Gainers/Losers: Top gainers include Circle (13% up), while major altcoins fell amid risk-off sentiment

Regulatory & Policy Watch

  • U.S.: SEC chair Paul Atkins rescinded multiple Gensler-era rule proposals, softening tech and DeFi oversight
  • U.S.: Congress advances the CLARITY stablecoin bill and GENIUS markets bill with bipartisan support, signaling clearer regulatory frameworks at the CFTC and SEC leve
  • EU: MiCA enactment continues with licensing of global platforms, but regulators warn of uneven enforcement and oversight quality

Project Spotlight

Altcoin ETF push At least 31 altcoin spot ETF applications—including BNB, AVAX, XRP, DOGE—have been filed in early 2025 . Some anticipate SEC approval by July, ushering in an ‘altcoin summer’ Why it matters: ETF approval would mark mainstream acceptance of altcoins and open institutional pathways into broader crypto markets.


Tech & Innovation

MiCA operational impact EU’s unified framework under MiCA is now active, facilitating passported licenses across the bloc; Malta and Luxembourg lead, prompting calls for stronger ESMA oversight Why it matters: Technical standards and cross-border approvals will shape EU’s digital asset ecosystem.

Notable Tweets or Threads

  • Paul Grewal (Coinbase CLO):

“Down goes 3b16, qualified custodian, and all the other unfinished Gensler rule proposals.” Context: Celebrating rescinded regulations, signaling lighter oversight

  • Bloomberg analyst Eric Balchunas (via Cointelegraph):

“A potential Alt Coin summer may be on the way.” Context: Reflects market optimism around upcoming altcoin ETF approvals

Crypto Tip of the Day

Stay ahead with ETF watchlists: Track ticker filings and SEC decisions for BTC, ETH, and beyond—this provides clarity into institutional sentiment and upcoming inflows, helping refine entry timing and portfolio diversification.

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