Moo Deng Meme Coin Up 90% in One Day, Outpacing Bitcoin

Circle Internet Group, the issuer of USDC, saw its share price triple on the NYSE debut after raising $1.1 billion and being oversubscribed. CEO Jeremy Allaire highlighted the milestone of becoming a public company, with USDC having a $61 billion market cap as a key indicator of circulation.

Avalanche's AVAX, the 18th-largest cryptocurrency, experienced a 5% drop in 24 hours, underperforming the CoinDesk 20 index. AVAX faced strong resistance at $20.68, with a subsequent decline and high selling pressure.

NBA star Tristan Thompson, with a 14-year basketball career, emphasizes discipline and persistence in mastering the crypto market. He engages in crypto education through sessions with "crypto tutors," hosting a podcast, and promoting crypto projects like Sportsbet.io and Corn. Thompson aims to make crypto appealing by using sports analogies.

Botanix Labs has added 16 new node operators, including Galaxy and Fireblocks, to its Bitcoin layer-2 network. The network aims to become decentralized by allowing anyone worldwide to run their own Botanix node. With a dynamic federation supporting hundreds of nodes, Botanix is gearing up for its mainnet launch.

Elon Musk's criticism of President Trump's "big, beautiful bill" led to the creation of the KBBB meme coin, which initially reached a $53.12 million market cap before dropping 30% to $36.73 million. Musk's social media campaign against the bill continues.

The bitcoin price hit a record high of $112,000 last month, surging 50% from its April low, with support from figures like U.S. president Donald Trump and Tesla's Elon Musk. Analysts predict a significant decline in the U.S. dollar due to various factors, including Federal Reserve actions and rising rival currencies.

US Vice President JD Vance's ownership of bitcoin, valued between $250,000 and $500,000, has drawn support and criticism at the Bitcoin 2025 conference in Las Vegas. Attendees express mixed feelings about the administration's embrace of bitcoin and potential political implications.

WazirX's proposed restructuring plan to repay creditors was declined by the Singapore High Court, delaying expected payouts. The exchange sought protection after a $230 million hack by North Korea's Lazarus Group, with the plan including a decentralized exchange and recovery tokens.

The U.S. government has seized 145 domains and undisclosed amounts of crypto linked to BidenCash, a dark web marketplace accused of selling stolen credit cards and personal data. Prosecutors stated that BidenCash served over 117,000 customers and generated more than $17 million in revenue by facilitating illicit transactions.

The Ethereum Foundation has introduced new treasury policies to reduce annual spending, aiming to invest in DeFi protocols while maintaining Ethereum's principles. The policies include a rule-based approach for converting reserves into cash and selling Ethereum when cash falls below a certain threshold.