ProBit Global Highlights:
The ‘Ultimate Trading Competition’ is in full swing! Get your hands on an iPhone, Hardware Wallets for your crypto, and cash prizes! Don’t miss out on this one, it ends soon!
ProBit Global’s dance with TaskOn continues! Join our community and complete quests to win awesome rewards!
Bitcoin Holds Strong Despite Market Shake-Up; ETH and DOGE Lead the Rebound
Bitcoin is showing serious resilience, holding steady above $105,000 even after a rough weekend that saw nearly $1 billion in crypto liquidations. Traders are now eyeing signs of whether the market is cooling off or just catching its breath.
Meanwhile, Ether (ETH) jumped 4.5%, driven by major updates at the Ethereum Foundation that reignited optimism. Dogecoin (DOGE) and other major altcoins, including Solana (SOL) and BNB, also posted solid gains.
Analysts say Bitcoin could move between $103K and $108K in the short term, with $100K acting as a key support level. Despite short-term volatility, long-term signals remain bullish — including continued buying from large investors (aka “whales”).
Global tensions, especially between the U.S. and China, are keeping markets on edge, but for now, Bitcoin remains king.
Ripple’s RLUSD Stablecoin Gets Green Light in Dubai
Ripple’s U.S. dollar-backed stablecoin, RLUSD, just earned regulatory approval in Dubai, opening new doors for crypto payments in the region. The green light from the Dubai Financial Services Authority (DFSA) means RLUSD can now be used within the Dubai International Financial Centre (DIFC) and integrated into Ripple’s licensed payment platform.
Backed 1:1 with U.S. dollars and regularly audited, RLUSD is designed to offer transparency and compliance — two key ingredients for winning institutional trust.
Ripple has been rapidly expanding in the UAE, forming partnerships with local banks and fintechs like Zand Bank, Mamo, and Ctrl Alt. While it's still unclear how many companies will adopt RLUSD, the approval marks a big step forward in Ripple’s mission to grow in the Middle East’s fast-evolving crypto space.
Singapore Cracks Down on Crypto Firms Serving Overseas Clients
Singapore’s central bank has set a June 30, 2025 deadline for locally based crypto firms to stop offering services overseas, or face tough penalties — including fines of up to $200,000 and possible jail time.
The Monetary Authority of Singapore (MAS) made it clear that any Singapore-registered company involved in digital token (DT) services abroad must either cease operations or apply for a license under the Financial Services and Markets Act.
MAS said no exceptions will be made, citing concerns about money laundering and terrorist financing. Experts say licenses will be granted only in rare cases.
The move tightens Singapore’s grip on the crypto industry, aiming to prevent firms from using the country as a regulatory loophole while conducting risky, unregulated activities abroad.
Australia Tightens Rules on Crypto ATMs to Fight Rising Scams
Australia is cracking down on crypto ATMs as scams surge, with over $2 million lost in the past year — and officials warn that may be just the beginning.
To combat this, AUSTRAC, the country’s financial watchdog, has introduced new rules including a $5,000 AUD cash limit, stricter customer checks, and clearer scam warnings on machines. The move comes after a task force found that older Australians (ages 60–70) are the main users of crypto ATMs — and the most frequent scam victims.
With over 1,800 crypto ATMs and $275 million in annual volume, Australia is now the world’s third-largest hub for these machines.
Authorities say these changes aim to protect individuals and prevent criminals from using crypto ATMs to exploit unsuspecting users.
Meta Rejects Bitcoin Treasury Idea with Near-Unanimous Vote
Meta shareholders have decisively rejected a proposal to explore holding Bitcoin in its corporate treasury. Out of nearly 5 billion votes, only 0.08% supported the idea — a crushing blow to Bitcoin advocate Ethan Peck, who argued Meta’s $72 billion cash reserves were losing value due to inflation.
Peck, also behind similar proposals at Microsoft and Amazon, claimed Bitcoin would serve as a smart hedge. But Meta CEO Mark Zuckerberg, who controls over 60% of voting power, likely helped seal the outcome.
While Meta and Microsoft said no, interest in Bitcoin from public companies is growing. Over 116 firms, including GameStop and Sweden’s H100, now hold Bitcoin.
Leading the pack is MicroStrategy, with a massive 580,250 BTC, valued at nearly $61 billion.
. . .
Your Quest To Understand The Crypto Industry Starts Here, With Us!
Have feedback, questions, or a topic you’d like us to cover? Let us know—we’re listening!
📘 Learn, grow, and stay ahead of the game. The ProBit Global Academy offers tutorials, industry news, and weekly updates for users of all levels.
Follow us for real-time updates and in-depth coverage:
