Odaily News According to Cointelegraph, Coinbase CEO Brian Armstrong said that Bitcoin is a better form of currency than gold.

Odaily News Recently, at the Bloomberg Tech event, Uber CEO Dara Khosrowshahi said the company is considering using stablecoins to reduce operating costs, and believes that the development of stablecoins is very promising, especially for global companies. (Cointelegraph)

Odaily News Financial infrastructure company Zebec Network acquires compliance and identity platform Gatenox to prepare for MiCA and FCA regulatory push. Zebec said the deal will introduce localized identity authentication, KYB and anti-money laundering tools directly into its Web3 payment stack. Zebec plans to use Gatenox's technology to obtain regulatory registration through the EU's Crypto Asset Market Regulation (MiCA) and the UK's Financial Conduct Authority (FCA) in the second half of 2025. (Cointelegraph)

Odaily News The U.S. Attorney's Office for the Eastern District of Virginia announced that law enforcement agencies have seized 145 domain names and some cryptocurrency assets related to the dark web market BidenCash. Since BidenCash went online in March 2022, it has accumulated more than 117,000 users and has sold more than 15 million stolen credit card information and other personal identity data, with proceeds of more than $17 million. BidenCash also leaked 3.3 million credit card data for free between October 2022 and February 2023 to expand its influence. The seized domain name has been redirected to the law enforcement control page. This case is jointly investigated by the U.S. Secret Service, the FBI, and others, and is part of an operation to combat encryption-driven criminal networks. (Cointelegraph)

Odaily News Pav Hundal, chief analyst at Swyftx, said that Trump's "tariff ultimatum" in the next two months is the biggest threat to Bitcoin bulls. He pointed out that US policymakers may wait for "hard data" before starting to relax monetary policy, which may lead to slower growth and suppress market sentiment. Bitcoin once fell below $100,000 due to trade policy uncertainty and continued to fluctuate for 3 months. Although the U.S. International Trade Court ruled on May 28 that Trump's tariffs were invalid, he recently decided to increase foreign steel and aluminum tariffs to 50%. Hundal believes that if the tariff uncertainty is resolved, Bitcoin is expected to hit $120,000 in June. (Cointelegraph)

Odaily News At the recent Consensus conference in Toronto, Canada, Bitget COO Vugar was interviewed by Cointelegraph and shared his observations on the current changes in retail investor behavior in the crypto market. He pointed out that due to the impact of the previous market cycle, stock market fluctuations and global macro uncertainty, retail investors' risk appetite has declined significantly, and investment strategies are shifting from high-risk speculation to more rational and sustainable paths. To adapt to this trend, Bitget is accelerating the expansion of payment and application services, including stablecoin solutions and Bitget Pay, aiming to meet the diverse needs of users in daily consumption and asset allocation. Vugar also said that the crypto market is gradually bidding farewell to the traditional "bull-bear cycle" model and moving towards a structured development consisting of multiple "phased market conditions" alternating. "In the future, we may no longer experience a clear-cut bull or bear market, but a more fragmented and dynamic market rhythm." He also emphasized the rapid rise of the decentralized exchange (DEX) ecosystem, which has become an important entry point for a large number of users who want to participate in new asset transactions as soon as possible. The Bitget Onchain module relies on AI algorithms to analyze massive on-chain data and user behavior models, intelligently screen potential tokens, and help users more efficiently discover high-quality assets and improve transaction decision-making efficiency. Finally, Vugar concluded, "We believe that future crypto platforms must achieve a balance between security, compliance, and flexibility, which is the core competitiveness that Bitget is working hard to build."

Odaily News According to Cointelegraph, the U.S. M2 money supply has reached 21.86 trillion U.S. dollars, a record high.

Odaily News Indian cryptocurrency exchange WazirX announced that it will move its operational headquarters from Singapore to Panama and rename its parent company Zettai to Zensui. The move came after the Singapore High Court refused to approve its restructuring plan. Zensui was incorporated in Panama on March 10 and is expected to take over WazirX's cryptocurrency-related services within a few days. In addition, Zensui will be responsible for issuing "recovery tokens" related to compensation for the approximately US$235 million hacking incident in July 2024, which is intended to provide affected users with 75% to 80% of their account balances. WazirX said it does not intend to apply for relevant licenses in Singapore or India, and the move is seen as a response to Singapore's increasingly stringent crypto regulatory policies. (Cointelegraph)

Odaily News The ETH/BTC exchange rate has continued to rise recently, up 30% in the past month, indicating stronger demand for Ethereum. Analysts believe that the ETH/BTC exchange rate breaking through the cup-handle pattern may mark the beginning of a new round of "altcoin season". At the same time, the US spot Ethereum ETF has recorded net inflows for 12 consecutive days, indicating that institutional investors are increasingly interested in ETH. In contrast, the spot Bitcoin ETF experienced outflows for three consecutive days between May 29 and June 2, totaling $1.23 billion. (Cointelegraph)

Odaily News Web3 cybersecurity company CertiK said that cryptocurrency hackers are abandoning the use of smart contract vulnerabilities and turning to social engineering to attack users. As of 2025, the losses caused by cryptocurrency-related attacks have exceeded US$2.1 billion, with most of the losses coming from wallet theft and phishing attacks. Ronghui Gu, co-founder of CertiK, said that the attack mode has shifted from code vulnerabilities to exploiting human behavior vulnerabilities. Most of the $2.1 billion loss was caused by wallet theft, poor key management and operational problems. The industry must now invest in better wallet security and access control, as well as real-time transaction monitoring and simulation tools to reduce future incidents. (Cointelegraph)