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June Roundup: Bitcoin Slips, Hacks Rise, Adoption Grows
June delivered a mix of setbacks and strides for the crypto space. Bitcoin’s hashrate plunged 15%—its sharpest drop in three years—mainly due to extreme heat in the U.S. pushing miners offline. Simultaneously, $150 million was lost to crypto hacks, bringing 2025’s total losses to over $2 billion.
Still, adoption surged. Twenty-six more companies added BTC to their balance sheets, pushing the global total to 250. Michael Saylor’s Strategy remains the poster child of this movement, fueling investor confidence.
Asia made headlines too, with Thailand, South Korea, Malaysia, and Hong Kong rolling out crypto-friendly policies, including tax breaks and stablecoin approvals. In the U.S., seven states passed pro-crypto laws, signaling growing state-level momentum. Despite challenges, June showed that crypto’s foundation is expanding—even when markets tremble.
XRP at a Crossroads: Bulls Eye Breakout Beyond $2.30
XRP is at a crucial turning point, with price hovering around $2.20–$2.30—an area that analysts say could determine whether the next move is a surge or a slump. To unlock a push toward $3 and beyond, XRP must close above this resistance zone on the daily chart.
Institutional investors are backing XRP’s potential. Inflows into XRP exchange-traded products (ETPs) hit $10.6 million last week, raising H1 totals to $219 million. Meanwhile, "whale" wallets holding 1M–10M XRP now own 9.9% of total supply—up 65% since November 2024—despite recent pullbacks.
If bulls reclaim this zone, analysts predict a breakout toward $3.81. But if resistance holds, XRP could slide toward $2.00. With so much at stake, this moment may mark the beginning of XRP’s next big trend.
Texas Approves Gold and Silver as Legal Tender Starting 2027
Texas is making waves by officially recognizing gold and silver as legal tender. Governor Greg Abbott signed House Bill 1056 into law, set to take effect on May 1, 2027, allowing residents to use precious metals for everyday transactions. The value of gold and silver will be determined by the state comptroller at the time of exchange.
While Federal Reserve notes remain valid, Texans now have the option—though not the obligation—to use metals instead. The law opens doors for a potential digital currency backed by gold or silver.
Some remain skeptical, questioning how businesses will verify authenticity and handle logistics. Nonetheless, Texas joins a growing number of states exploring alternatives to fiat money, continuing its trend of bold moves, including establishing a state Bitcoin reserve.
Arbitrum Surges 17% on Rumors of Robinhood Partnership
Arbitrum (ARB) soared 17% in just 24 hours, fueled by speculation of a potential partnership with trading giant Robinhood. The buzz began after Robinhood announced a fireside chat featuring Ethereum co-founder Vitalik Buterin, Robinhood Crypto’s GM Johann Kerbrat, and Offchain Labs’ CSO A.J. Warner—developers of Arbitrum. The event is set during Robinhood’s major crypto reveal in Cannes.
This comes after May reports that Robinhood was eyeing Arbitrum and Solana to power a new blockchain platform for trading U.S. stocks in Europe. While nothing is official yet, signs point to Arbitrum being the chosen network.
ARB jumped from $0.31 to $0.386, making it the top market gainer. Despite this rally, the token is still down nearly 50% in 2025. Meanwhile, Robinhood’s shares also edged higher on the hype.
Circuit Launches Recovery Tech to Solve Crypto's 'Lost Keys' Problem
Losing access to crypto wallets has long haunted users — especially institutions — where even one lost key could mean millions gone forever. Circuit, a new crypto recovery solution, aims to change that. Just launched, its system uses "Automatic Asset Extraction" to transfer digital assets to a secure vault if keys are lost or a threat is detected.
Founder Harry Donnelly says this is a missing piece for serious adoption: “Institutions want guarantees their assets won’t vanish.” Already used by Tungsten and Palisade, Circuit’s recovery engine caters to the need for safety nets in the crypto world, much like traditional finance offers.
With up to 3.7 million BTC believed lost, Circuit may offer a critical tool for making self-custody safer and more practical — especially for institutional investors.
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