Contents
Today’s Top Crypto Headlines
1. Neo Pepe ($NEOP) presale sees strong early momentum
Neo Pepe’s presale is drawing investors rapidly thanks to automated liquidity mechanics, decentralized governance, and an ambition to reimagine meme culture—pushing it into the spotlight among upcoming tokens (coinsniper.net).
Why it matters: A new contender in the meme coin space, with potential to shape how such tokens handle community and liquidity.
2. Little Pepe ($LILPEPE) presale sells out Stage 1 in record time
The $LILPEPE Layer‑2 meme token raised around $500K in its first presale stage, selling 500M tokens at $0.001 each in just three days (icobench.com).
Why it matters: Highlights the fast-growing appetite for utility-driven meme assets and L2 scalability.
3. Justin Sun to take Tron public via SRM reverse merger
Sun is merging Tron into Nasdaq-listed SRM Entertainment—rebranded as Tron Inc.—with a $100M token purchase and paused SEC probe offering smoother path into public markets (axios.com).
Why it matters: Signals deeper integration between crypto and traditional capital markets; market may see heightened volatility around the merger.
4. Trump Media files for BTC/ETH spot ETF launch
Trump Media & Technology Group aims to launch a 75% BTC / 25% ETH ETF via Crypto.com execution, framing Bitcoin as part of an “America First economy” (businessinsider.com).
Why it matters: Adds political weight to mainstreaming crypto investment products; possible regulatory and media ripple effects.
5. Internal feud over “official” $TRUMP wallet
A branded wallet linked to Trump’s memecoin has sparked internal conflict—Eric and Don Jr. disavow one version, planning their own “official” wallet via World Liberty Financial (wired.com).
Why it matters: Underscores the legal and brand control challenges in high-profile crypto ventures.
Market Snapshot (as of 17 June 2025, 18:00 UTC)
Stock market information for Bitcoin (BTC)
- The price is 104703.0 USD currently with a change of -3871.00 USD (-0.04%) from the previous close.
- The intraday high is 108801.0 USD and the intraday low is 103597.0 USD.
Stock market information for Ethereum (ETH)
- The price is 2529.04 USD currently with a change of -123.10 USD (-0.05%) from the previous close.
- The intraday high is 2672.83 USD and the intraday low is 2461.27 USD.
- Top 10 Altcoins: Solana notable (market performance mentioned previously); full rankings from CoinMarketCap broadly unchanged.
- Global crypto market cap: ~US $2.5T, down ~1.5% over 24h.
- Notable movers: $LILPEPE +15%, $NEOP +8% (presales); XRP retracing after a brief rally in presale news – ~‑5%.
Regulatory & Policy Watch
- Thailand: Government approved a 5‑year tax holiday on crypto gains, potentially attracting significant capital inflows (economictimes.indiatimes.com, cryptonews.com).
- SEC: Trump Media’s ETF filing is under review—approval would mark another milestone in the fast-evolving US regulatory stance.
- Argentina: Fallout from the $LIBRA scandal continues, reinforcing global wariness around political meme token launches (businessinsider.com, en.wikipedia.org).
Project Spotlight: Solaxy (Ethereum‑Solana L2)
- What it is: A Layer‑2 scaling protocol bridging Ethereum and Solana, with fast transaction speeds and built-in staking (icobench.com).
- Why it’s gaining attention: Raised over $10M in early funding; positioned to ease cross‑chain liquidity and DeFi congestion.
- Key features: Staking-enabled tokenomics, high TPS, and ecosystem synergy with both Ethereum and Solana users.
Tech & Innovation
- Kraken’s L2 network launches INK token: A native token to incentivize governance and staking on their Layer 2 platform—part of the growing L2 experiments (en.wikipedia.org, icobench.com, cryptoslate.com).
- Ethereum whale accumulation hits 7‑year high: Over 871K ETH deposited recently, suggesting bullish sentiment and increased staking activity (cryptonews.com).
Notable Tweets or Threads
- @zachxbt: Highlights a potential “WhiteRock token” laundering scheme—cautioning about new tokens linked to obscure entities (cryptonews.com).
- @a16z: Notes the $70M investment in EigenLayer’s staking infrastructure, indicating rising VC focus on liquid staking ecosystems.
Crypto Tip of the Day
Keep at least two forms of wallet security: a hardware wallet for long-term holdings and a reputable mobile/software wallet for active trading. This dual system minimizes risks from both online vulnerabilities and physical theft.