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Robinhood Markets, Inc. has formally accomplished its $200 million all-cash acquisition of Bitstamp, a cryptocurrency alternate primarily based in Luxembourg. This strategic transfer bolsters Robinhood’s crypto division with greater than 50 regulatory licenses and registrations, and introduces a seasoned institutional consumer base into its ecosystem. Robinhood’s Acquisition of Bitstamp Bitstamp is now a part of Robinhood, including a globally-scaled crypto alternate and our first-ever institutional crypto enterprise. Our work is simply starting. https://t.co/VDjGS1KuBb — Vlad Tenev (@vladtenev) June 2, 2025 Introduced on June 2nd, Robinhood confirmed that the agreed $200 million buy value , which was initially set in June…

Taiwan cryptocurrency change BitoPro has confirmed a hacking incident following blockchain analyst ZachXBT’s identification of roughly $11.5 million value of shady sizzling pockets withdrawals from the change. The hack occurred on Could 8, 2025. It affected wallets on numerous networks together with Tron, Ethereum, Solana, and Polygon. ZachXBT’s analysis revealed that hackers market-sold stolen property by means of decentralized exchanges earlier than laundering the proceeds by means of Twister Money and bridging funds to Bitcoin through THORChain. The transformed Bitcoin was subsequently deposited to Wasabi, a privacy-focused pockets service. Initially, BitoPro didn’t formally disclose the incident on social media platforms.…

As South Korea’s voters will head to the polls on Tuesday to vote within the present presidential election, the large questions on nations’ crypto stance has grow to be ever extra clear. It is because, whatever the final result, the crypto trade will profit, as each main candidates, Lee Jae-myung and Yoon Suk-yeol, have promised to loosen rules and develop avenues for crypto entry.  Crypto Will get Political in South Korea Candidate Lee Jae-myung has proposed the legalization of a spot crypto ETF and even permitting South Korea’s $884 billion pension fund to spend money on crypto belongings. He additionally…

  Pepe Coin value surged 60% up to now month, exhibiting robust purchaser help. The meme coin is at present hovering above the help ranges. PEPE value could attain 2x in June, signaling regular development. Pepe coin (PEPE) value, a preferred meme-based coin on the Ethereum community, has gained consideration since its launch in April 2023. Impressed by the enduring Pepe the Frog meme, the token shortly climbed to a market capitalization of $5.76 billion, securing the twenty fifth spot on CoinMarketCap.  The meme coin hit an ATH of $0.00002803, buying and selling about 50% just under that peak. Regardless…

FTX will distribute over $5 billion in stablecoins on Could 30. Restoration charges differ by creditor class below FTX’s Chapter 11 plan. The payout could increase crypto liquidity and set off a market rally. FTX plans to launch greater than $5 billion in stablecoins to collectors on Could 30, marking its second main payout since chapter. This cost targets customers with balances exceeding $50,000. It follows an earlier payout of $7 billion made in February 2025. Collectively, these repayments complete over $12 billion, the most important restoration in crypto chapter historical past. The payout accounts for practically 2% of all…

Central Financial institution of Russia permits crypto derivatives just for certified traders with limits. Money settlement mandated; precise cryptocurrency buying and selling stays banned in Russia. Russia plans a state-run alternate, specializing in ultra-high-risk traders solely. The Central Financial institution of Russia has approved the providing of cryptocurrency-related monetary merchandise to certified traders. These merchandise embody derivatives, securities, and digital monetary belongings tied to cryptocurrency value actions. Nevertheless, all such merchandise have to be non-deliverable, which means they are going to be settled in money fairly than by means of precise cryptocurrency transfers. Danger Administration and Regulatory Strategy Rusia Financial…

Solana (SOL) value has consolidated within the final 24 hours because the market reveals uncertainty. The token stays simply above the $170 help after every week of features. SOL recovered from $150 and targets the $200 stage if consumers enhance stress.  Bitcoin (BTC) stays above $108,000, whereas Ethereum (ETH) hovers close to $2,600. Since reaching its all-time excessive of $294.33 in January, SOL has dropped practically 41%. Regardless of this, latest value motion suggests cautious optimism amongst merchants. Solana Value Eyes $200 After Pennant Break Crypto analyst tweeted that Solana is forming a bull pennant on the every day chart.…

Ethereum value is displaying robust upward momentum, rising roughly 5% prior to now week. At the moment, ETH is holding regular close to $2,600 after a pointy rebound. This transfer follows a bullish breakout from a descending triangle sample that had restricted its earlier positive factors. Ethereum has efficiently damaged key resistance ranges, reflecting renewed energy within the altcoin market.  The current improve in Bitcoin’s value has introduced extra hope to your entire crypto business. After spending some days close to $2,500, Ethereum has made its transfer, pushing its value above $2,600, which has consultants anticipating a rally. Ethereum could…

The Cetus Protocol, a decentralized change (DEX) constructed on the Sui blockchain, skilled a vital safety breach on Might 22. On-chain information confirmed the unauthorized drain of greater than $260 million in digital property from its liquidity swimming pools. Nonetheless, after the primary studies of a system error, many blockchain analysts linked the assault to utilizing pretend tokens and altering the worth of cryptocurrencies. Uncommon On-Chain Exercise Detected Earlier than Breach Affirmation Transaction information from on-chain instruments confirmed a sudden massive soar, earlier than the exploit was publicly confirmed. On Monday, Cetus had over $2.9 billion in trades, in contrast…

XRP worth has maintained an upward development over the previous 24 hours. The token is at present buying and selling simply above the $2.3 help stage. This transfer follows a current bullish rally seen throughout the cryptocurrency market. The general crypto market cap stands at $3.45 trillion, with a 2.41% acquire within the final day.  Bitcoin is holding above $109,000, whereas Ethereum is sitting above $2,500. The robust showings in these digital belongings stay useful in constructing buyers’ belief and gasoline the continuing market rally. XRP Worth Breaks Triangle, Targets $4.43 XRP worth has exited a long-standing seven-year triangle sample,…