Binance celebrates SEC’s lawsuit dismissal as ‘big win for crypto’

Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin’s value will reach at least $1.5 million by the time 2030 rolls around, growing by 15x from its current price. In a recent interview on the YouTube channel The Diary of a CEO, Wood breaks down the main reasons why she believes BTC (BTC)’s value is bound to skyrocket to at least $1.5 million within the next few years. The ARK Investment CEO mentioned several core pillars which make up the “building blocks” of BTC’s growth in the market. One of the major drivers is institutional investments from corporate holders such as Arkham, Strategy and Metaplanet. “Bitcoin is more of an investment because it does appreciate overtime. Now you go through [it], it’s volatile. No question. And that’s the first thing people have to know about it. But it is becoming less volatile as more and more investors hold it,” she said in the interview. According to Wood, a lot of institutional investors have just started to gravitating towards BTC. Therefore, she believes the crypto space will see a flurry of demand from institutional holders who see the appeal of Bitcoin as a new asset class that offers diversification for business portfolios. Wood remarked that the world has not had a new asset class since the 1600s with the introduction of equities. Since then, the global market’s has been occupied by the same traditional assets including stocks, bonds, commodities and real estate. However now, there is a recent shift towards Bitcoin as a desirable asset. “If this asset does not perform like other assets, in other words, it provides diversification for funds. And because it is behaving differently, institutions have to consider it,” said Wood. Price chart for Bitcoin in the past few hours of trading, June 9, 2025 | Source: crypto.news You might also like:Cathie Wood predicts Bitcoin’s $2t market cap will soon flip gold after hitting $100k milestone Wood believes the institutional players currently rushing to adopt Bitcoin are late, considering there is only 1 million BTC left to be minted by miners, which represents only around $100 billion worth of untapped capital. “So they’re [institutions] just now committing and there’s only $100 billion of new market cap that is going to be created. Whereas they have trillions of dollars under management,” said Wood. “And so we think there will be a lot of incremental demand, and to satisfy a lot of that demand. Someone’s going to have to sell,” she continued. Institutional appetite for Bitcoin Wood’s statement indicates a wider trend among institutional investors which are just now discovering the advantages of holding Bitcoin. Back in May, Matrixport analysts found that unlike previous bull markets, the rally that raised BTC to a new all-time high of $111,814 was mostly driven by institutional demand, instead of the retail investors. This means that more institutional investors such as major companies and financial management firms are crowding the market now more than ever before. In fact, at least 61 corporate treasuries currently hold a combined 3.2% of the total BTC supply according to Standard Chartered’s Bitcoin report. Most recently, Japanese investment firm Metaplanet announced its plans to acquire 210,000 BTC by 2027, aiming to own 1% of the total supply of global BTC. Meanwhile, Michael Saylor’s Strategy remains the largest corporate holder of BTC, possessing 580,955 BTC as of June 9, holding around 2.7% of the total Bitcoin supply. As previously reported by crypto.news, ARK Invest recently upped its Bitcoin price forecast in the firm’s April report to $2.4 million by 2030 if its on-chain financial services grow at a 60% annual rate. You might also like:ARK Invest raises its Bitcoin price forecast to $2.4M by 2030

OORT 的去中心化 AI Layer1 区块链 Olympus Protocol 已正式集成 Circle 发行的稳定币 USDC。通过此举，Olympus 将 DeAI 与现实世界的实用性连接起来。 Olympus Protocol 成为第一个整合 USDC（USDC）稳定币的基于 AI 的去中心化生态系统，为现实世界的使用案例打开了大门，并为不断发展的 DeAI 项目建立了具有充足流动性和财务稳定性的实用且功能齐全的基础设施。 通过将 USDC 整合到 Olympus 生态系统中，企业将能够使用 Circle 发行的稳定币安全高效地处理人工智能驱动的交易。此外，使用 Olympus 协议进行存储和计算的人工智能公司可以进行 USDC 交易。因此，开发人员可以使用 USDC 通过 Olympus 支付去中心化云计算服务的费用。 虽然在 Olympus 之前已经有其他 Layer 1 链将 USDC 整合到其生态系统中，但 Olympus Protocol 在 DeAI 领域的专业化为正在通过去中心化加密领域发展的新兴 AI 领域提供了独特的访问权限。 自 2024 年以来，随着更多基于人工智能的技术在去中心化金融领域取得创新进展，许多交易员开始依赖人工智能代理进行交易。据 CoinGecko 称，截至发稿时，人工智能代币的市值已超过 220 亿美元。 你可能还喜欢：币安调查：2024 年新增用户达 45%，人工智能代币有望成为引领 2025 年的最受欢迎选择 Through USDC, Developers will be able to unlock a stable and liquid infrastructure for projects in multiple sectors, including DeFi, Enterprise AI, Data Monetization, AI-powered Identity and Reputation Systems, and more. This is because Olympus Protocol’s environment offers a myriad of projects and dApps with unique functionalities for AI development. These projects encompass data collection and labeling, data storage, and computing. By merging the stability of USDC with DeAI, Olympus Protocol gears up to drive exponential growth and cutting-edge advancements in the sector. Not only that, the USDC stablecoin could also facilitate AI-powered trading, lending, and staking projects built on Olympus. Powered by the Olympus Protocol, OORT offers trustless infrastructure built on AI for enterprises and individuals. Some of their products include OORT Storage, OORT DataHub (for B2C and B2B), as well as the upcoming OORT Compute. 此前，OORT 从 Taisu Venture、Red Beard Venture、Sanctor Capital 等几家主要投资者处融资 1000 万美元，并获得了微软和谷歌的资助。 你可能还喜欢：Circle 的 USDC 达到 560 亿美元的高点，从 2023 年的银行挤兑中恢复过来

U.S. stock indices were up amid renewed trade talks between the U.S. and China, while Tesla stock gained. U.S. stocks trended up as encouraging news on trade trickled to the public. On Tuesday, the Dow Jones Industrial Average was up 110 points or 0.26%, while the S&P 500 was up 0.41%. Meanwhile, the tech-heavy Nasdaq was up 0.38%. Traders are keeping a close eye on trade talks between the U.S. and China, currently taking place in London. The biggest issues the teams tackled was U.S. access to Chinese rare earth minerals, as well as China’s access to advanced computer chips. Dow Jones Industrial Average heat map | Source: TipRanks You might also like:Why the US-China trade truce could be Bitcoin’s biggest macro tailwind since 2020 China suggested it was willing to ease restrictions on some companies that need rare earth minerals. However, the country is still not prepared to relinquish control completely. Despite this, Trump suggested that he was getting “good reports” from the talks, but also cautioned that “China is not easy” to negotiate with. At the same time, the U.S. and India made substantial progress in their trade negotiations. According to sources from the Indian government, the two countries had a productive discussion, focusing on industrial and some agricultural goods. You might also like:Bitcoin didn’t save Tesla — It just delayed the bigger problem Tesla recovers on robotaxi announcement Stocks of Tesla were up 3.25% as the public feud between its CEO, Elon Musk, and U.S. President Donald Trump cooled off. Notably, on June 10, Trump made some conciliatory comments toward Musk and stated that he was open to talking to the tech CEO again. At the same time, traders focused on new developments in its robotaxi business. Tesla received a license to operate autonomous vehicles in the state of Texas, with tests scheduled to begin on June 12 in Austin. Still, some analysts are skeptical about whether Musk can deliver on his promises of fully autonomous, non-manned vehicles. Read more:BTC beats Amazon, Tesla, Meta combined but analysts say this memecoin has even more upside

More than 3.7 million cryptocurrency tokens have failed since 2021, with nearly half of those collapses occurring during the Pump.fun-driven memecoin craze. Millions of tokens have failed since 2021, with nearly half of those collapses recorded in 2024 and early 2025, according to new research by crypto pricing platform GeckoTerminal. The number of dead tokens | Source: CoinGecko According to the research, a total of 1.8 million tokens failed in Q1 this year alone, making up 49.7% of all token failures recorded between 2021 and 2025. In 2024, nearly 1.4 million projects also went under, accounting for 37.7% of failures. Together, the two years saw most of the crypto market’s token shutdowns. “This sharp decline in token survivability may be linked to broader market turbulence, particularly following Donald Trump’s inauguration in January 2025, which coincided with a downturn in the crypto market.” GeckoTerminal You might also like:Over 50% of tokens listed on CoinGecko since 2014 have died, data shows The number of new crypto projects has also surged. For instance, just over 428,000 tokens were listed on crypto price aggregator platforms in 2021. By 2025, that number had jumped to nearly seven million. The researchers say much of this growth “can be attributed to the launch of Pump.fun, which simplified the process of creating tokens, leading to a flood of meme coins and low-effort projects entering the market.” Before Pump.fun launched in 2024, the number of project failures was significantly lower. From 2021 to 2023, failures remained in the low six digits. Combined, those three years accounted for just 12.6% of total token deaths, the data shows. GeckoTerminal explained that it defines “dead tokens” as those which are no longer actively traded, noting that only tokens that had “one trade or more” before going defunct were considered. Read more:Nearly 60% of coins listed on CoinMarketCap died in 2023, data shows

Circle has priced its initial public offering at $31 per share, higher than expected, ahead of its June 5 debut on the New York Stock Exchange. According to a June 4 report from Reuters, the stablecoin issuer raised $1.05 billion by selling 34 million shares, valuing the company at roughly $8 billion on a fully diluted basis. Circle IPO was originally expected to price between $27 and $28 per share, but strong demand pushed the price and share count higher. Circle had initially aimed to raise $624 million by selling 24 million shares. That plan was later revised to 32 million shares, then increased again as interest grew. Founded in 2013, Circle is the company behind USD Coin (USDC), the second-largest stablecoin by market cap, with over $61 billion in circulation. The firm has attempted to go public twice before, once through a SPAC deal in 2021 and again earlier this year, which was paused due to market uncertainty tied to President Trump’s trade policy shifts. You might also like:Circle freezes 57M USDC linked to LIBRA memecoin scandal This time, Circle also granted underwriters a 30-day option to buy an additional 5.1 million shares, which could bring in even more capital. According to reports, BlackRock had expressed interest in purchasing roughly 10% of the shares, either directly or through an affiliate, indicating continued interest from major traditional finance players.  The funds raised will be used for possible acquisitions, international expansion, and product development. Circle has stated that it intends to reinvest in the company rather than pay dividends at this time. This listing is a significant step for the crypto industry’s push into mainstream financial markets and is among the biggest IPOs of the year. It also comes at a time when several other cryptocurrency companies, including BitGo, Kraken, and eToro, are considering going public.  With lighter crypto regulation expected under the current Trump administration, Circle’s IPO may pave the way for additional blockchain companies to follow suit, Read more:Circle launches Circle Payments Network for real-time stablecoin payments