- A public feud between U.S. President Donald Trump and Elon Musk triggered major volatility in the cryptocurrency market. Trump expressed disappointment in Musk, formerly head of the Government Efficiency Department (DOGE), while Musk accused Trump of ingratitude and hinted at political ambitions. Bitcoin fell to $100,783 before partially recovering. Over $324 million in long positions were liquidated, the broader crypto market dropped by 5%, and the $TRUMP token lost 10% of its value.
- U.S. trading platform Robinhood completed the acquisition of crypto exchange Bitstamp, expanding its global reach and boosting its institutional presence. Following the announcement, Robinhood shares hit an all-time high.
- USDC stablecoin issuer Circle announced plans to raise up to $896 million through an expanded IPO in the U.S. The company is targeting a $7.2 billion valuation. The move reflects growing investor interest in crypto, especially under the pro-crypto stance of the Trump administration.
- Ethereum dropped by 7% to $2,460. Trading volume surged by 46% to $26.13 billion. The $TRUMP memecoin fell over 11%, with liquidations exceeding $8.5 million.
- At WWDC 2025, Apple unveiled new AI features for iOS 26 and macOS 26, but was criticized for lagging behind competitors. The company’s stock has dropped 18% since the beginning of the year.
- At London Tech Week, Nvidia announced partnerships with the UK government and major corporations to train 100,000 AI professionals by 2030.
- DeepMind is working on a tool that can analyze emails, automatically respond in the user’s style, and assist with decision-making.
- The state of Odisha launched the AI-2025 policy, requiring each department to appoint AI officers to accelerate digital transformation.
Crypto Digest from MINE.exchange (June 2–9)
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