Australia has introduced new operating conditions and cash transaction limits for crypto ATM providers to curb scams and enhance anti-money laundering compliance. In a June 3 press release, the Australian Transaction Reports and Analysis Centre (AUSTRAC) stated that crypto ATM…

Crypto ATM operators in Australia hit with cash limits and tougher compliance checks

Bitcoin is surging into the spotlight as Coinbase’s CEO and Elon Musk sound 
alarms on U.S. debt, signaling the crypto’s rise as a serious reserve currency 
contender. Elon Musk Supports Coinbase Outlook: Bitcoin May Topple US Dollar 
as Reserve Currency Coinbase CEO Brian Armstrong voiced concern on June 3 on 
social media platform X over […]

Elon Musk Backs Coinbase Warning: Bitcoin Could Replace Dollar Amid US Fiscal Crisis

USDC issuer Circle has again upsized its initial public offering above the 
marketed range, selling 34 million shares at $31 each.

Stablecoin giant Circle again boosts IPO to over $1 billion

Cardi B’s recent post about the meme token Wet A*s P*ssy (WAP) turned into a 
dramatic market shakeup. Within minutes, WAP’s market cap plunged from $2 
million to just $150,000. The token’s price shot up to $0.0020 briefly, then 
tumbled over 90% back to $0.00019, wiping away almost all of this week’s 
gains. Related Reading: Is $250K Bitcoin Possible This Year? This Research 
Chief Thinks So Celebrity Tweet Sparks Chaos According to reports, Cardi B 
shared a wallet address on her official X account with the caption “even 
wetter than last time.” That single message sent ripples through the crypto 
world. Prices leaped, then crashed. Market watchers were left scratching their 
heads as billions of dollars in value seemed to vanish in mere moments. 
Suspicious Wallet Activity Blockchain trackers spotted something odd. A 
handful of wallets bought big chunks of WAP just five days before the tweet. 
They offloaded their tokens almost immediately after Cardi B’s post, banking 
roughly 10 times their original stake. So today, @iamcardib remembered that 
she still held a large portion of the $WAP supply and decided to run another 
pump and dump. The token went from 2.5M to 139k a couple of minutes after the 
tweet The dump was triggered by some wallets that bought the token around five 
days… pic.twitter.com/7Nwr27rcZA — dethective (@dethective) June 3, 2025 These 
sudden sells helped push the token’s price back down to around $0.00019. Based 
on reports, this pattern looks like a classic pump-and-dump. It raises 
questions about whether insiders planned the entire move. POV you might owe 
millions pic.twitter.com/j9FGLgoSBM — ZachXBT (@zachxbt) June 4, 2025 History 
Of WAP Controversies This isn’t the first time WAP caused trouble. Back in 
October 2024, Cardi B gave it a shout-out, and security firm PeckShield 
flagged the token for possible malicious deeds. That earlier buzz even led to 
an investigation by the UAE’s Securities and Commodities Authority after 
investors raised alarms over fraud and market manipulation. Many in the crypto 
community thought everyone would steer clear this time. Instead, the past 
slipped from memory, leading to heavy losses all over again. Investors Left 
Holding The Bag In the last 24 hours, WAP’s value dropped another 80%. Now it 
trades near the same levels it was at the end of May. Everyday traders who 
jumped on the hype found themselves staring at red numbers. Based on reports, 
some wallets walked away with tenfold returns in minutes. Meanwhile, others 
ended up with nearly worthless tokens. The speed of this rise-and-fall serves 
as a harsh reminder: if you buy a token right as it peaks, you might be stuck 
when the next crash hits. Related Reading: $500M Bet On Solana: Education 
Platform Aims To Supercharge Its Treasury Cardi B’s follow-up post clarified 
that her account was not hacked, promising more from “$WAP space” soon. Yet 
this explanation did little to calm nerves. Critics say it’s hard to separate 
the artist’s genuine interest from a planned marketing push. Some point out 
that even if she didn’t directly benefit, her endorsement gave insiders 
exactly the spotlight they needed to unload their shares. Featured image from 
Andrew Kelly/Reuters/USA Today, chart from TradingView

American Rapper Cardi B Endorses WAP Token Again—But Is It A Rugpull?

With this investment, Tether leads Orionx&#8217;s Series A funding round for an 
undisclosed amount, aiming to expand the company&#8217;s foothold in Latam. The 
region is considered a fertile market for stablecoin-based financial services, 
as it has the second-largest proportion of unbanked adults. Tether Leads 
Orionx Series A Funding Round Tether, the leading stablecoin company, has […]

Tether Leads Strategic Investment in Orionx to Increase Stablecoin Adoption in Latam

Despite the recent rally to a new all-time high (ATH) of $111,900, crypto 
analysts have warned that the Bitcoin price could still witness a massive 
crash that will send it below $100,000. These analysts highlighted 
fundamentals and technicals that could spark this price crash. Analysts 
Highlight Why Bitcoin Price Could Still Crash Below $100,000 In a TradingView 
post, crypto analyst Stephan mentioned the geopolitical tensions, with the 
Russia-Ukraine conflict intensifying as one of the factors that could spark 
the Bitcoin price crash. He explained how this conflict could drive investors 
toward safe-haven assets, such as gold. The analyst also noted that Bitcoin 
ETFs experienced modest outflows last week. Related Reading: Bitcoin Price 
Crash To $104,000: What You Need To Know In June Stephan’s accompanying chart 
showed that the Bitcoin price could drop to as low as $96,765 as it retests 
the psychological $100,000 support level. Crypto analyst Nova also warned that 
Bitcoin could drop to $100,000 while providing a technical analysis of the 
flagship crypto’s current price action. In a TradingView post, Nova stated 
that if the Bitcoin price faces resistance around the $106,406 daily level and 
continues to correct, it could extend the decline to retest the 
psychologically important $100,000 mark. She further revealed that the 
Relative Strength Index (RSI) on the daily chart is at 53, trending downwards 
to the neutral level of 50. This indicates weakening bullish momentum. Nova 
also stated that the Moving Average Convergence Divergence (MACD) showed a 
bearish crossover last week. Meanwhile, the analyst alluded to the increasing 
red histogram bars below the baseline, which she claimed further signal a 
potential correction ahead. Her accompanying chart showed that the Bitcoin 
price could drop to $99,000 as it retests the $100,000 level. Crypto analyst 
Kevin Capital also called for caution at the current Bitcoin price level. He 
stated that nothing has changed for the flagship crypto and indicated that 
there was no need to be ultra bullish at this current level. The analyst 
earlier warned that things could get sketchy looking for BTC if it fails to 
reclaim $106,800 soon enough. BTC Could Still Rally To $135,000 This Year In 
an X post, crypto analyst Titan of Crypto raised the possibility of the 
Bitcoin price rallying to $135,000 this year. He noted that BTC has broken out 
of a right-angled descending broadening wedge, and if the price holds above 
the breakout zone, $135,000 becomes a realistic target. The analyst added that 
the structure is clean. Related Reading: Head And Shoulders Pattern Says 
Bitcoin Price Is Headed Down Toward $95,000 Crypto analyst Mikybull Crypto 
stated that the Bitcoin price is gearing up for a new all-time high. He 
further remarked that $120,000 remains a magnet for the flagship crypto in 
this market cycle. Meanwhile, veteran trader Peter Brandt predicted that BTC 
could reach $150,000 by late summer 2025. At the time of writing, the Bitcoin 
price is trading at around $105,400, down in the last 24 hours, according to 
data from CoinMarketCap. Featured image from Getty Images, chart from 
Tradingview.com