Another significant step toward the acceptance of crypto assets in traditional marketplaces is taking place today. USD stablecoin issuer Circle will begin trading on the NYSE today, further bridging the gap between the digital asset world and conventional finance. This move marks a key milestone in the growing integration of cryptocurrency into mainstream financial systems, signaling broader adoption and legitimization of crypto as a viable asset class.
◾ Circle Internet Group priced its IPO at $ 31 a share, above the $ 27 – $ 28 range, and will begin trading today under the ticker $ CRCL. (Barrons)
◾ The Bank of England is testing AI to forecast inflation rates. (Bloomberg)
◾ Amazon $ AMZN is developing a humanoid robot to deliver packages. (TheInformation)
There will be no update tomorrow. The next issue of BitDigest will be published on Saturday.
Government & NGO Actions
◾ The Trump Administration is actively renegotiating semiconductor trade agreements formed under the Biden era Chips Act. (Bloomberg)
◾ Hong Kong regulators are planning to authorize crypto derivative trading. (ChinaDailyAsia)
◾ The Justice Department seized 145 darknet linked internet domains and associated crypto funds from the BidenCash marketplace. (Justice.gov)
◾ The SEC won a $ 1.1 million default after an individual accused of operating a crypto scam failed to respond to the agency’s lawsuit. (CourFiling)
◾ Interpol and Moroccan authorities detained a French-Moroccan man believed to be behind a recent spree of crypto kidnappings in France. (LeParisien)
Financial Notices & Public Company Releases
◾ BitFuFu $ FUFU Q1 results
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Revenue: $ 78 million, a Y-o-y decrease of 46%
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Unrealized loss on digital assets: $ 16.1 million
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Adjusted EBITDA: Negative $ 10.8 million, a Y-o-y decrease of 121%
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Cash and cash equivalents: $ 21.1 million
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Digital assets: $ 123.1 million
◾BitFuFu $ FUFU May operating results
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Bitcoin mined: 400
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Hashrate: 34.1 EH/s
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Bitcoin holdings: 1,709
◾ Cipher Mining $ CIFR May operating results
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Bitcoin mined: 179
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Bitcoin sold: 64
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Hashrate: 13.5 EH/s
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Bitcoin holdings: 966
◾ K Wave Media, $ KWM entered into a $ 500 million securities purchase agreement to finance bitcoin acquisitions and establish itself as “the Metaplanet of Korea.” (GlobeNewswire)
◾ Chinese AI mobility company Wetour, $ WETO is establishing an initial $ 300 million digital asset treasury operation with XRP. (SecFiling)
◾ Treasure Global $ TGL is launching a $ 100 million digital asset treasury initiative and plans to buy bitcoin, ether and select stablecoins. (GlobeNewswire)
◾ Semler Scientific $ SMLR bought 185 bitcoin over the week ending June 3rd. (SecFiling)
◾ Hyperscale Data $ GPU will accept Nile Coin on its Bitnile.com social casino. (GlobeNewswire)
◾ Canadian traded Digital Commodities $ RIPP is changing its ticker to $ DIGI. (Newsfile)
Restructuring, Hacks, Losses & Legal News
◾ Reddit $ RDDT is suing AI startup Anthropic for using its data to train AI models without permission. (WSJ)
◾ Zynga is shutting San Francisco-based Echtra Games the team behind Torlight3. (Eurogamer)
AI Announcements
◾ OpenAI says a growing number of Chinese groups are using ChatGPT for covert operations. (Reuters)
Protocols, Applications & Business News
◾ JPMorgan $ JPM is looking to allow clients to use crypto-linked assets as collateral for loans. (Bloomberg)
◾ Russia’s Moscow Exchange is introducing a cash-settled futures contract tied to BlackRock’s bitcoin ETF, $ IBIT. (Tass)
◾ Digital asset merchant bank Metaversal announced the launch of EtherX, a first-of-its-kind Ethereum compounding company designed to deliver scalable, transparent, and on-chain native yield. (PRNewswire)
◾ Fiat to cryptpo payment company MoonPay secured a BitLicense in New York and now serves customers in all 50 states. (MoonPay)
◾ A new trading platform called Rails is reportedly launching a perpetuals-only crypto exchange in the US. (Fortune)
Metaverse & Gaming Briefings & Activations
◾ Today is launch day for the Nintendo Switch 2 console. (Reuters)
◾ Epic Games released MetaHuman, a development tool allowing designers to create realistic digital human characters. (VentureBeat)
Market Data
◾ OpenAI is reporting to have 3 million business users paying for ChatGPT Enterprise, ChatGPT Team and ChatGPT Edu. (CNBC)
◾ $ 2.1 billion has been stolen through on-chain incidents over the first 5 months of 2025. (X)
◾ The World Economic Forum believes DePin (decentralized physical infrastrcuture) markets can reach $ 3.5 trillion by 2028. (Weforum)
Exchange, Custody & Product Updates
◾ Indian-focused crypto exchange WazirX is moving its operations from Singapore to Panama. (Cointelegraph)
