Silk Road founder Ross Ulbricht&#8217;s crypto wallet recently received a mysterious donation in the form of 300 BTC. Many traders suspected it was a self- transfer, but crypto sleuth ZachXBT found the source to be &#8216;questionable.&#8217; According to data from on-chain…

Silk Road founder receives 300 BTC donation from ‘questionable source’

Binance is skyrocketing past 275 million users, fueling a global crypto 
revolution with blistering adoption rates, real-world utility, and dominance 
in digital financial infrastructure. 275 Million and Rising—Binance Solidifies 
Dominance in Explosive Digital Finance Boom Cryptocurrency exchange Binance 
announced on June 2 that it has reached a major milestone in user growth, 
underscoring its accelerating […]

Binance Reaches 275M Users, Adds 80M in Five Months

The announcement of a Donald Trump-branded crypto wallet from the team behind 
his memecoin has been muddled after the president’s sons disavowed it.

Trump memecoin wallet in ‘absolute chaos’ as family org unaware of launch

Ripple&#8217;s proposal could redefine crypto regulation, potentially easing 
compliance burdens and fostering innovation by clarifying token status.
The post Ripple proposes &#8220;network maturity&#8221; test to determine when crypto 
tokens stop being securities appeared first on Crypto Briefing.

Ripple proposes “network maturity” test to determine when crypto tokens stop being securities

According to reports, Classover Holdings Inc. (NASDAQ: KIDZ) has taken a bold 
turn. It just signed a deal with Solana Growth Ventures LLC that could bring 
up to $500 million in senior secured convertible notes. Related Reading: XRP 
Could Transform Your Finances Long Before $10K, Angel Investor Says The deal 
kicks off with an $11 million investment once all conditions are met. What 
stands out is the plan to use as much as 80% of net proceeds to buy SOL 
tokens. Classover’s Big Crypto Bet Classover is aiming to build a Solana-based 
treasury reserve. That means most of its new money will end up in SOL tokens. 
Even though crypto is known for its ups and downs, the company seems set on 
this path. It had a 0.02 liquidity ratio before this deal, which shows how 
tight its cash flow was. Now, by putting money into SOL, Classover is hoping 
to steady things out. Based on reports, this move is part of a broader 
strategy to shift its financial focus toward blockchain assets. 💥BREAKING 
CLASSOVER HOLDINGS SECURES $500M FOR SOLANA TREASURY STRATEGY PLANS TO 
ALLOCATE UP TO 80% TO BUY $SOL. pic.twitter.com/mZZAnogzIi — DustyBC Crypto 
(@TheDustyBC) June 3, 2025 Convertible Notes And Share Impact The notes can be 
turned into Class B common stock. They’re set to convert at twice the closing 
share price before the deal closes. That gives early investors a chance for 
upside if the stock moves higher. It also cuts down on dilution risks for the 
current owners, at least for now. Chardan is the only placement agent and 
financial advisor on the deal. The new financing follows a $400 million equity 
raise that pushed their potential capital access to $900 million. Back-to-back 
moves like these point to a longer-term plan to overhaul Classover’s treasury 
setup with Solana at its center. Struggles In Education Business Classover 
launched in 2020, offering live online classes for K-12 students around the 
world. They even added AI tools to their platform. But revenues dropped by 
almost 100% year-over-year. That fall is a red flag for any company. Related 
Reading: Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data 
With a market cap of about $60 million, Classover is in a spot where every 
dollar counts. Reports say the latest SEC filings show changes to executive 
pay. It looks like they want to keep their leadership team in place while they 
work through these money problems. Still, it’s hard to ignore those steep 
revenue losses and the worry around cash on hand. Solana’s Price Movements 
Solana itself has been under pressure lately. It tried to get back above $180 
but failed. That led to a pullback in line with a wider market correction. 
Right now, SOL is trading around $162. That’s about a 6.2% rise in the last 24 
hours. Its total market cap sits at $84.7 billion, and trading volume is 
around $3.70 billion. If demand doesn’t pick up soon, SOL could slip further 
before finding strong support. For Classover, any big drop in SOL’s price 
could hurt its new treasury plan. Featured image from Unsplash, chart from 
TradingView

$500M Bet On Solana: Education Platform Aims To Supercharge Its Treasury

XRP price started a fresh increase above the $2.20 resistance zone. The price 
is now consolidating and might aim for a move above $2.30 resistance. XRP 
price started a fresh increase above the $2.20 zone. The price is now trading 
above $2.20 and the 100-hourly Simple Moving Average. There was a break above 
a key bearish trend line with resistance at $2.20 on the hourly chart of the 
XRP/USD pair (data source from Kraken). The pair might start another decline 
if it fails to clear the $2.30 level. XRP Price Eyes Fresh Gains XRP price 
remained stable above the $2.020 support and started a decent upward move, 
beating Bitcoin and Ethereum. There was a move above the $0.2120 and $0.220 
levels. The bulls were able to clear the 50% Fib retracement level of the 
downward wave from the $2.3540 swing high to the $2.2081 low. Besides, there 
was a break above a key bearish trend line with resistance at $2.20 on the 
hourly chart of the XRP/USD pair. The price is now trading above $2.20 and the 
100-hourly Simple Moving Average. On the upside, the price might face 
resistance near the $2.2850 level. It is near the 76.4% Fib retracement level 
of the downward wave from the $2.3540 swing high to the $2.2081 low. The first 
major resistance is near the $2.30 level. The next resistance is $2.320. A 
clear move above the $2.320 resistance might send the price toward the $2.350 
resistance. Any more gains might send the price toward the $2.3650 resistance 
or even $2.3850 in the near term. The next major hurdle for the bulls might be 
$2.40. Another Drop? If XRP fails to clear the $2.30 resistance zone, it could 
start another decline. Initial support on the downside is near the $2.220 
level. The next major support is near the $2.20 level. If there is a downside 
break and a close below the $2.20 level, the price might continue to decline 
toward the $2.150 support. The next major support sits near the $2.120 zone. 
Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in 
the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD 
is now above the 50 level. Major Support Levels – $2.220 and $2.20. Major 
Resistance Levels – $2.2850 and $2.30.