Crypto

India-focused crypto exchange WazirX is relocating operations to Panama and rebranding its parent company as Zensui. India-serving but Singapore-based crypto exchange WazirX is moving its operations to Panama after local courts declined to approve the firm’s restructuring plan. In an email sent to its users, WazirX shared recent redacted legal documents outlining the move. One of the documents revealed that WazirX’s parent company, Zettai, will move to Panama and rebrand. “Zettai has taken steps to incorporate a subsidiary, Zensui Corporation […] in the Republic of Panama, and has been preparing for the transfer of the operations of the Platform’s cryptocurrency-related services to Zensui,“ the document said. Read more

Anti-money laundering regulator AUSTRAC obtained data showing that 72% of all crypto ATM transactions are carried out by people over the age of 50.

Solana (SOL) was also among the underperformers, declining 3.1%.

Here is the latest threat the community should be aware of.

South Korea elects crypto-friendly Lee Jae-myung as president, promising Bitcoin ETFs and won-backed stablecoin to stem capital outflows.

Trump Media nears launch of its Truth Social Bitcoin ETF, but the fund faces tough competition and trust challenges in a saturated market. The post Truth Social Bitcoin ETF Nears Launch – But Can It Compete With Wall Street Heavyweights? appeared first on Cryptonews.

Solana’s hottest memecoins, from FARTCOIN to PNUT, pulled back amid reports that token-factory Pump.fun is lining up a $1 billion raise at a $4 billion fully-diluted valuation.

Rails said its mix of centralized execution and on-chain custody combines exchange-level speed with user control and blockchain transparency.

Since the IBIT ETF futures are only available to accredited investors, the latest crypto developments in Russia left many retail players unimpressed. Moscow Exchange (MOEX), Russia’s largest stock exchange, launched futures trading for BlackRock’s iShares Bitcoin Trust ETF (IBIT), as the fund climbed into the world’s top 25 ETFs by assets under management (AUM). MOEX introduced a futures contract tied to IBIT on June 4, according to an announcement by the exchange. The new investment product is accessible exclusively to accredited investors, with MOEX planning to introduce qualification testing from June 23. Read more

The decentralized physical infrastructure network market could surge to $3.5 trillion by 2028 as AI and blockchain converge, according to a new World Economic Forum report. The growing convergence of blockchain and artificial intelligence could see the decentralized physical infrastructure network (DePIN) market soar past $3.5 trillion in the next three years, according to the World Economic Forum (WEF). DePIN merges blockchain technology with community-owned physical infrastructure to create decentralized networks where participants can contribute resources in exchange for cryptocurrency. “Currently valued at $30 billion-$50 billion with over 1,500 active projects worldwide, this relatively new sector is projected to grow to $3.5 trillion by 2028,” the report said. Read more

Bitcoin traders set the stage for a volatile breakout with liquidity amassing above and below the spot price, and eyes are on the road to new all-time highs. Key points: Bitcoin trades between increasingly thick bands of liquidity as traders await a breakout. Above current spot price lies a particularly important area for bulls when it comes to new all-time highs, analysis says. Read more

Binance is cracking down on bot abuse in its Alpha Points early-access program after detecting coordinated bot farming activity. Binance has identified and moved to restrict the use of bots exploiting Alpha, its early-access token distribution system, the exchange said on June 4. In a post, Binance said it had “recently detected certain groups using bots to participate in Alpha activities, which undermines the fairness of the Binance Alpha Points program.” It added that it had taken measures to halt the activity. “We have upgraded our risk control systems to enhance the detection and handling of such behavior,“ the exchange said. Binance said any use of bots will be treated as a violation by the exchange. The company also said that it “reserves the right to revoke the Binance Alpha Points eligibility of accounts involved in such activities and may impose further restrictions where necessary.” Read more

Crypto payments to California state agencies inch closer to reality as Assembly Bill 1180 gets the nod to move ahead.

Ether’s price is up 46% in the past 30 days, and analysts say continued demand for spot Ethereum ETFs and strengthening structure may trigger a breakout. Key takeaways: Ether's price is up 46% in 30 days. ETH/BTC is up 30% in the past month, signaling stronger demand for Ether. Read more

Hackers are moving from smart contract vulnerabilities to exploiting human behavioural weaknesses, according to the co-founder of Web3 cybersecurity firm CertiK. Cryptocurrency hackers are moving away from exploiting smart contract vulnerabilities and targeting users through social engineering schemes, Web3 cybersecurity company CertiK said. More than $2.1 billion has been stolen in cryptocurrency-related attacks so far in 2025, with the bulk of losses coming from wallet compromises and phishing attacks, according to CertiK. Crypto phishing attacks are social engineering schemes where attackers share fraudulent links to steal victims’ sensitive information, such as the private keys to crypto wallets. Read more

UNDER EXPOSED brings you coverage of the biggest macro news of the week impacting crypto and broader markets, with a focus on the newest trends, trades and narratives. Join hosts TylerD, Deeze, Geebz and Peter Jennings as they have longer conversations on the hottest sectors in crypto and NFTs, what is moving markets and what they’re buying and selling. Streaming live every Tuesday from 12:00 PM EST to 1:00 PM EST on YouTube and X. Links: https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/deeze https://twitter.com/CSURAM88 https://twitter.com/artgeebz https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets #bitcoin #crypto #podcast

Pump.fun has yet to confirm or deny rumors of a $1 billion token sale and 10% airdrop, but the community is split on whether the potential launch would help or harm the crypto space. Solana-based memecoin launchpad Pump.fun is rumored to be preparing for a $1 billion token sale at a $4 billion valuation. On June 3, a community member posted on X about a Pump.fun token launch within the next two weeks, with listings on multiple centralized exchanges and a 10% airdrop allocated to community members. Speculation intensified following a Blockworks report citing anonymous sources saying the launchpad — known for its instant token creation feature — would raise $1 billion through a token sale. The report claimed three sources confirmed the sale would be valued at $4 billion. Read more

At least 60 Bitcoin strategy adopters among publicly listed companies collectively doubled BTC holdings in the past two months, outstripping the buying speed of Michael Saylor’s Strategy. Update (June 4, 1:00 pm UTC): This article’s headline and the piece have been updated to emphasize that Standard Chartered’s sample included 61 out of a total of 124 publicly listed companies that have adopted Bitcoin treasury strategies, as reported by BitcoinTreasuries. The Bitcoin reserve strategy trend has led to 61 publicly listed firms now holding a combined 3.2% of all Bitcoin that will ever exist, according to Standard Chartered. Just 61 public companies out of a total of 124 now own a combined 673,897 Bitcoin (BTC), Standard Chartered’s global head of digital asset research, Geoff Kendrick, said in a June 3 report shared with Cointelegraph. Read more

Pakistan’s crypto minister met with Trump’s digital asset leadership to promote cross-border cooperation and outline Bitcoin-powered infrastructure plans. Pakistan’s minister of state for crypto and blockchain, Bilal Bin Saqib, met with Robert “Bo” Hines, executive director of US President Donald Trump’s Council on Digital Assets, during a visit to the White House. The meeting focused on boosting cooperation between Pakistan and the United States in the digital assets space. Discussions covered a broad range of topics, including Bitcoin (BTC), potential partnerships and the future of decentralized finance, according to a report by 24NewsHD TV. One key area of dialogue was Pakistan’s newly announced Strategic Bitcoin Reserve. “It is my mission to position Pakistan as a global leader in digital assets,” Saqib said after the meeting. Read more

The AI arms race is moving too fast for safety, with companies pushing boundaries and governments lagging. AI-driven dehumanization and the unchecked proliferation of autonomous weapons require responsible leadership before it’s too late. Opinion by: Merav Ozair, PhD The launch of ChatGPT in late 2023 sparked an arms race among Big Tech companies such as Meta, Google, Apple and Microsoft and startups like OpenAI, Anthropic, Mistral and DeepSeek. All are rushing to deploy their models and products as fast as possible, announcing the next “shiny” toy in town and trying to claim superiority at the expense of our safety, privacy or autonomy. After OpenAI’s ChatGPT spurred major growth in generative AI with the Studio Ghibli trend, Mark Zuckerberg, Meta’s CEO, urged his teams to make AI companions more “humanlike” and entertaining — even if it meant relaxing safeguards. “I missed out on Snapchat and TikTok, I won’t miss out on this,” Zuckerberg reportedly said during an internal meeting. Read more