Though concerns about the Trump family’s connections to World Liberty Financial’s stablecoin shadowed debate on the GENIUS Act, the bill is closer to passing the Senate.

US Senate to vote on amended stablecoin bill on June 17

Russian authorities found 95 mining rigs and a mobile transformer in a KamAZ 
truck illegally tapping power meant for a village in Buryatia.

Russian authorities bust truck-based crypto mine draining village power

US President Donald Trump’s media group is making a big splash in crypto 
finance. A Chicago trading firm put up $100 million to buy 4 million shares in 
Trump Media &amp; Technology Group. That move comes just nine weeks after US 
regulators closed a probe into the same firm. Based on reports, the deal is 
tied to TMTG’s plan to buy over $2.5 billion worth of Bitcoin. Related 
Reading: Crypto Bloodbath: Over $1 Billion Liquidated As Iran-Israel Tensions 
Erupt Big Bet On Trump Coin According to the filing, DRW Investments treats 
Bitcoin like any other corporate asset. The company &#8211; founded and controlled 
by trading mogul Don Wilson &#8211; said it has been active in crypto for more than 
a decade. It sees value in holding Bitcoin on its balance sheets. Buying into 
TMTG was, in its view, a straightforward way to back that idea. News update 
from the swamp: &#8220;An American financier invested $100 million in the Trump 
family’s flagship bitcoin project just nine weeks after a probe into his 
crypto business was dropped by the Trump administration.&#8221; 
pic.twitter.com/ibiLp38CNC — Jake M. Grumbach (@JakeMGrumbach) June 14, 2025 
Institutional Backers Rally Jane Street leads the pack with a $375 million 
stake in the Trump Group. That makes it the largest backer so far. Other 
investors are also lining up. Based on reports, TMTG’s goal is to raise $2.5 
billion and use much of that cash to buy Bitcoin. If all goes to plan, the 
firm could hold over 140,000 BTC at current prices. Regulatory Milestone 
Achieved On Friday, June 13, the SEC declared TMTG’s registration statement 
for its Bitcoin Treasury offering effective. That covers 56 million new shares 
of equity and 29 million in convertible notes. Clearing this step means the 
company can sell shares and raise the cash it needs. It also subjects TMTG to 
ongoing SEC reporting and oversight. Voice Of The Crypto Industry Meanwhile, a 
DRW spokesperson called for a fresh look at the SEC and CFTC. The firm argued 
that the current regulators don’t match the pace of global market changes. 
Over the years, DRW’s crypto arm, Cumberland, bought 70,000 BTC in a US 
government auction of Silk Road assets. That stash is worth about $7.7 billion 
today. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off 
Crypto Winter Fears Featured image from Digital Watch Observatory, chart from 
TradingView

Billionaire Snaps Up $100 Million Of Trump Coin – Details

Bond performance is in the gutter while bitcoin is reaching all-time highs. 
Savvy financial advisors are now telling their peers to throw out bonds and 
replace them with crypto. Abra’s Barhydt Predicts Crypto Will Replace Classic 
60/40 Asset Allocation The decades-long rule of thumb for diversifying assets 
in a client portfolio by allocating 60% of […]

Abra CEO Bill Barhydt Says Crypto Is Replacing the 60/40 Portfolio

Web3 won&#8217;t displace web2 overnight, but it can offer creators an empowering 
alternative built on transparency, autonomy, and sustainability

TikTok’s uncertain future reveals web2’s weaknesses | Opinion

The Dogecoin price has crashed alongside the rest of the crypto market, and 
this has led to the break of a very important support level. This crash below 
$0.18 has signaled a turn in the tide, and this could trigger the next wave of 
declines. A crypto analyst had previously predicted this market decline, 
calling it before it began. However, it is not all bad news for the meme coin 
as longer timeframes offer more bullish options as time goes by. Dogecoin 
Price Still Bullish On The Long-Term Crypto analyst Master Ananda forecasted 
in a TradingView post where the Dogecoin price could be headed next. At the 
time of the post, the Dogecoin price was still trading close to the $0.2 
level, and the market was still on an upward trajectory. While positive 
sentiment seemed to be returning to the market at that time, the analyst was 
calling out the possibility of a pullback. Related Reading: Bitcoin Bears Back 
In Control After $110,000 Rejection, What Comes Next? Master Ananda explained 
that the Dogecoin price was still quite bearish, but this was only on the 
short-term timeframe. This leaves out only the long-term timeframe for the 
bullishness, and so far, the meme coin’s market trend seems to be playing out 
the way the crypto analyst predicted. He called for a correction, using the 
April 2025 low as a basis and the lower highs that had formed as a result. 
This had begun back in December 2024 when the Dogecoin price had begun putting 
in lower highs, suggesting that there was bearishness building up in the 
market. Presently, as the Dogecoin price has dropped back below the $0.18 
support, the analyst simply pointed out that it was a continuation of the 
decline that had begun on May 11 after the market recovery. While this is 
bearish for the short-term, suggesting there could be a bit more correction to 
go, the analyst doesn’t expect it to last long. Where Could The DOGE Price Go 
From Here As for the bottom of the current Dogecoin price correction, Master 
Ananda expects the price to bottom above the April 7 lows, which were above 
$0.13. This would put the meme coin at around $0.15 before the bottom is in, 
and then the recovery is expected to begin. Related Reading: Altcoin Season 
Just Flashed A Golden Cross Amid Crypto Market Recovery The crypto analyst 
urged investors, especially those holding spot bags, to wait for the dust to 
settle. After this, he expects the altcoin to turn bullish again. For traders 
going short, he advises caution and not to hold the trade for too long, as the 
range is short. “We are very likely to get a higher low compared to 7-April,” 
Master Ananda predicted. “If too many leveraged positions are open though and 
the market wants to remove those, there can be a long wick that pierces 
support for the action to recover the next day.” Featured image from Dall.E, 
chart from TradingView.com