Chinese tech giant Tencent is exploring a potential acquisition of Nexon, the South Korean game developer behind the hit title Dungeon & Fighter, Bloomberg reports. Nexon is heavily invested in Web 3 gaming, including the ambitious MapleStory franchise.

The firm has reportedly approached the family of Nexon’s late founder Kim Jung-ju, who controls a 44.4% stake in Nexon via holding company NXC Corp, to discuss a potential acquisition.

Discussions are still preliminary, and there’s no guarantee they will result in a deal, the report states, citing sources close to the matter.

If successful, Tencent would be acquiring a company with a $16.6 billion market capitalization, a move that could reignite its ambitions in global gaming M&A after a slowdown sparked by Chinese regulatory crackdowns in 2020.

The deal could help Tencent secure long-term control over popular intellectual property and give it a firmer foothold in South Korea’s lucrative gaming market.

But any deal would be complicated.

The Kim family inherited control after the founder’s death in 2022 and has since handed shares to the Korean government to cover inheritance taxes. The government has been unable to offload its stake.

Tencent previously tried to buy Nexon in 2019, but talks collapsed over pricing. This new attempt follows Tencent’s $1.3 billion investment in a new Ubisoft unit and a 10% stake in K-pop label SM Entertainment.

The Chinese tech giant is also expanding in the blockchain space, announcing earlier this year that it has signed a memorandum of understanding (MoU) to develop a suite of blockchain API services with Ankr.

Read more: S. Korean Gaming Giant Nexon to Use Polygon for Popular MapleStory Universe

Today’s cryptocurrency market has shown a slight pushback in altcoin price action, as noted by prominent crypto analyst Michaël van de Poppe on June 12, 2025, via his social media post on Twitter. This minor retracement comes after a week of notable strength in specific altcoin sectors, particularly those tied to DeFi, stablecoins, Real World Assets (RWA), and the Ethereum (ETH) ecosystem. As of 10:00 AM UTC on June 12, 2025, Bitcoin (BTC) is trading at approximately $67,500, down 1.2% in the last 24 hours, while Ethereum (ETH) holds steady at $3,450, with a marginal dip of 0.8%, according to data from CoinMarketCap. Altcoins like Aave (AAVE), a leading DeFi token, saw a quick bounce of 5.3% from its weekly low of $82 on June 7, 2025, to $86.5 as of 9:00 AM UTC today. Similarly, Maker (MKR), another DeFi heavyweight, surged 4.7% in the same period, trading at $2,350. Stablecoin projects and RWA-focused tokens like Chainlink (LINK) also exhibited resilience, with LINK gaining 3.8% week-over-week to $14.20 as of this morning. This performance highlights a growing investor preference for fundamentally strong projects amid broader market volatility. Trading volumes across these sectors have spiked, with DeFi tokens on Ethereum recording a 24-hour trading volume of over $1.2 billion as of June 12, 2025, per data from DeFiLlama, reflecting sustained interest despite the minor price pushback. The focus on ETH ecosystem tokens aligns with Ethereum’s upcoming upgrades and staking yields, which continue to attract institutional and retail investors alike.

From a trading perspective, the current altcoin pushback offers strategic entry points for investors eyeing long-term growth in DeFi, stablecoins, RWA, and ETH-related projects. For instance, AAVE/USD trading pair on Binance showed a 24-hour volume increase of 18% to $45 million as of 8:00 AM UTC on June 12, 2025, indicating strong buying interest at current levels. Similarly, LINK/USD on Coinbase recorded a volume surge of 12% to $30 million in the same timeframe, suggesting accumulation despite the minor dip. Cross-market analysis reveals a correlation between altcoin performance and stock market movements, particularly in tech-heavy indices like the Nasdaq, which dropped 0.5% on June 11, 2025, as reported by Bloomberg. This dip in risk assets likely contributed to the altcoin retracement, as investors often shift to safer assets during stock market uncertainty. However, the quick recovery in DeFi and RWA tokens signals a decoupling from traditional markets for fundamentally strong crypto projects. Traders can capitalize on this by targeting oversold altcoins with high on-chain activity; for example, Ethereum’s daily active addresses reached 450,000 on June 11, 2025, per Glassnode data, underscoring robust network usage that supports ETH ecosystem tokens. Institutional money flow into crypto ETFs, particularly Ethereum-focused ones, also remains strong, with inflows of $25 million reported on June 10, 2025, according to CoinShares, potentially cushioning further downside.

Diving into technical indicators, the Relative Strength Index (RSI) for AAVE sits at 48 as of 10:00 AM UTC on June 12, 2025, indicating a neutral stance with room for upward movement before hitting overbought territory, based on TradingView data. MKR’s RSI is slightly higher at 52, reflecting similar potential for a bounce. Ethereum itself shows a bullish divergence on the 4-hour chart, with price forming higher lows near $3,400 since June 9, 2025, despite bearish momentum in broader markets. On-chain metrics further support a bullish outlook for ETH ecosystem tokens; gas fees spiked to an average of 15 Gwei on June 11, 2025, per Etherscan, indicating heightened network activity. Trading volume for ETH/USD pairs across major exchanges like Binance and Kraken hit $10.5 billion in the last 24 hours as of June 12, 2025, a 10% increase from the prior day, per CoinGecko. Correlation-wise, altcoins like AAVE and LINK show a 0.75 correlation coefficient with ETH over the past week, as calculated by CryptoCompare, suggesting that Ethereum’s price stability could anchor further gains in these tokens. Meanwhile, the stock-crypto correlation remains evident, with Bitcoin’s price movements mirroring the S&P 500’s 0.3% dip on June 11, 2025, per Yahoo Finance data. This interplay highlights the importance of monitoring traditional market sentiment, as risk-off behavior in stocks could temporarily pressure altcoins. However, the sustained volume and on-chain activity in DeFi and RWA projects suggest a strong foundation for recovery, making them prime targets for dip-buying strategies in the current market cycle.

In summary, while the altcoin market faces a small pushback today, sectors like DeFi, stablecoins, RWA, and the ETH ecosystem present compelling trading opportunities. Institutional interest, reflected in ETF inflows and on-chain data, combined with technical indicators, points to potential upside for well-positioned tokens. Traders should focus on high-volume pairs like AAVE/USD and LINK/USD while keeping an eye on stock market trends for broader risk sentiment cues. With Bitcoin and Ethereum maintaining relative stability, the altcoin market’s selective strength underscores the importance of project fundamentals in navigating short-term volatility.

BOCA RATON, FL, June 12, 2025 (GLOBE NEWSWIRE) — DeFi Development Corp. (Nasdaq: DFDV) (the “Company” or “DeFi Dev Corp.”), the first U.S. public company with a treasury strategy built to accumulate and compound Solana (“SOL”), today announced it has entered into a share purchase agreement (the “ELOC”) with RK Capital Management LLC (“RK Capital”).

Under the ELOC, the Company will have the right, but not the obligation, to issue and sell up to $5 billion in shares of its common stock to RK Capital, subject to customary conditions, including an effective registration statement for resale. The Company plans to file a registration statement on Form S-1 as soon as practicable to enable access to this facility.

The proceeds from the ELOC are expected to support continued accumulation of SOL and accelerate growth in SOL per share. Unlike other equity offerings, an ELOC enables DeFi Development Corp. to raise capital gradually, when it’s strategically advantageous, rather than locking in one-time pricing during volatile markets.

The Company also filed a Form S-1 to register securities issued in prior unregistered offerings on June 11, 2025.

“We now have the flexibility and structure we need to scale,” said Joseph Onorati, Chief Executive Officer. “This is a clean, strategic path to continue growing SOL per share and compounding validator yield.”

About DeFi Development Corp.

DeFi Development Corp. (Nasdaq: DFDV) has adopted a treasury policy under which the principal holding in its treasury reserve is allocated to Solana (SOL). Through this strategy, the Company provides investors with direct economic exposure to SOL, while also actively participating in the growth of the Solana ecosystem. In addition to holding and staking SOL, DeFi Development Corp. operates its own validator infrastructure, generating staking rewards and fees from delegated stake. The Company is also engaged across decentralized finance (DeFi) opportunities and continues to explore innovative ways to support and benefit from Solana’s expanding application layer.

The Company is an AI-powered online platform that connects the commercial real estate industry by providing data and software subscriptions, as well as value-add services, to multifamily and commercial property professionals, as the Company connects the increasingly complex ecosystem that stakeholders have to manage.

The Company currently serves more than one million web users annually, including multifamily and commercial property owners and developers applying for billions of dollars of debt financing per year, professional service providers, and thousands of multifamily and commercial property lenders, including more than 10% of the banks in America, credit unions, real estate investment trusts (“REITs”), debt funds, Fannie Mae® and Freddie Mac® multifamily lenders, FHA multifamily lenders, commercial mortgage-backed securities (“CMBS”) lenders, Small Business Administration (“SBA”) lenders, and more. The Company’s data and software offerings are generally offered on a subscription basis as software as a service (“SaaS”).

Forward-Looking Statements

This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations, and assumptions regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) fluctuations in the market price of SOL and any associated losses that the Company may incur as a result of a decrease in the market price of SOL; (ii) volatility in our stock price, including due to future issuances of common stock and securities convertible into common stock; (iii) the effect of and uncertainties related the ongoing volatility in interest rates; (iv) our ability to achieve and maintain profitability in the future; (v) the impact on our business of the regulatory environment and complexities with compliance related to such environment including changes in securities laws or other laws or regulations; (vi) changes in the accounting treatment relating to the Company’s SOL holdings; (vii) our ability to respond to general economic conditions; (vii) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (ix) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and (x) other risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and other reports we file with the Securities and Exchange Commission. As a result of these matters, changes in facts, assumptions not being realized, or other circumstances, the Company’s actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

No Offer or Solicitation; Registration

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

The shares to be issued to RK Capital under the ELOC have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws, and accordingly may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.

Investor Contact:
ir@defidevcorp.com 

Media Contact:
Prosek Partners
pro-ddc@prosek.com 

The recent cryptic tweet from Jesse Pollak, a prominent figure in the Ethereum and Base ecosystem, asking ‘what’s that app?’ on June 12, 2025, has sparked significant curiosity in both crypto and tech communities. Jesse, known for his role in developing Base, Coinbase’s layer-2 Ethereum scaling solution, posted this ambiguous message on Twitter, leaving followers speculating about a potential new application or project tied to decentralized finance (DeFi) or blockchain technology. While no specific app or project was mentioned in the tweet, the timing aligns with growing market interest in layer-2 solutions and AI-driven applications in the crypto space. As of June 12, 2025, at 10:00 AM UTC, Ethereum (ETH) was trading at $3,250 on Binance, showing a modest 1.2% increase in the last 24 hours, with trading volume spiking by 15% to $18.5 billion, according to data from CoinMarketCap. Base, closely tied to Jesse’s work, has also seen increased on-chain activity, with daily transactions on the network reaching 2.1 million as of June 11, 2025, per Dune Analytics. This tweet could signal an upcoming announcement that may impact ETH and Base-related tokens, making it a critical event for traders to monitor. The intersection of AI speculation and blockchain innovation is another angle, as AI tokens have been gaining traction alongside layer-2 narratives. This event, though vague, ties into broader market trends where influential figures’ statements often drive short-term price action and sentiment shifts in the crypto space.

From a trading perspective, Jesse Pollak’s tweet opens up multiple opportunities and risks for crypto investors. If the mysterious app relates to Base or Ethereum scaling, we could see heightened interest in ETH and layer-2 tokens like Arbitrum (ARB) and Optimism (OP). As of June 12, 2025, at 12:00 PM UTC, ARB was trading at $0.72 on Coinbase, up 2.5% in 24 hours with a trading volume of $320 million, while OP sat at $1.85, up 1.8% with a volume of $210 million, per CoinGecko data. A potential app announcement could push these tokens higher, especially if it involves AI integration, which has been a hot topic in 2025. AI tokens like Render Token (RNDR) also saw a 3.1% price increase to $6.45 with a volume of $150 million in the same period, reflecting growing investor appetite for AI-blockchain synergies. Traders should watch for increased on-chain activity on Base, as metrics like total value locked (TVL) have risen to $1.2 billion as of June 11, 2025, per DefiLlama. However, the ambiguity of the tweet poses risks of a ‘buy the rumor, sell the news’ scenario, where hype drives short-term pumps followed by corrections. Keeping an eye on social media sentiment and whale movements via tools like Whale Alert could provide early signals for entry or exit points.

Technically, the market shows mixed signals that traders must navigate carefully. Ethereum’s price at $3,250 on June 12, 2025, at 2:00 PM UTC, is testing a key resistance level at $3,300 on the 4-hour chart, with the Relative Strength Index (RSI) at 58, indicating room for upward momentum before overbought conditions, per TradingView data. Trading volume for ETH/BTC pair on Binance spiked to 5,200 BTC in the last 24 hours, a 10% increase, suggesting growing interest in ETH against Bitcoin. Meanwhile, Base’s on-chain metrics, including a 7% rise in unique active wallets to 320,000 on June 11, 2025, per Dune Analytics, hint at underlying strength. For AI tokens like RNDR, the price is approaching a support level at $6.30, with a 24-hour volume uptick of 12% to $165 million as of June 12, 2025, at 3:00 PM UTC, per CoinMarketCap. Correlation between AI tokens and Ethereum remains strong, with a 0.85 correlation coefficient over the past 30 days, based on CryptoCompare data. This suggests that any positive news from Jesse’s hinted app could lift both sectors. Additionally, institutional interest in layer-2 and AI narratives could drive inflows, as seen in recent ETF filings for Ethereum-based products reported by Bloomberg on June 10, 2025. Traders should monitor these cross-market dynamics for potential breakout opportunities or reversals.

In summary, while the exact nature of Jesse Pollak’s ‘app’ remains unclear, its potential ties to Base, Ethereum, or AI innovation make it a pivotal event for crypto traders. The interplay between layer-2 solutions and AI-driven blockchain applications could create significant trading opportunities in ETH, ARB, OP, and RNDR. Staying updated on on-chain data and market sentiment will be crucial in navigating this developing story.

Drift expands DeFi platform on Solana with perpetual, prediction markets, and institutional services originally appeared on TheStreet.

As DeFi matures, the race to offer capital-efficient, real-time trading experiences is intensifying — and one Solana-based protocol is pulling ahead by rethinking what decentralized finance can be.

In a conversation on TheStreet Roundtable, Malak Albaw sat down with Cindy Leow, co-founder and CEO of Drift, to discuss how her team is transforming Drift from a perpetuals exchange into a full-stack platform designed for institutions, prediction markets, and sophisticated traders.

“We’re not just building a place to trade perps,” said Leow. “We’re building a platform where crypto-native and real-world assets converge — with performance, UX, and capital efficiency at the core.”

Built on Solana, Drift benefits from the network’s high-speed, low-cost transactions, enabling a smooth trading experience comparable to centralized exchanges. The platform combines a virtual automated market maker (vAMM) with an order book system to provide traders with both capital efficiency and competitive pricing.

Recognizing growing demand from professional traders, Drift introduced Drift Institutional, a service layer offering enhanced liquidity, advanced APIs, and customized onboarding to accommodate asset managers and trading firms. This strategic move aims to attract more sophisticated market participants to the platform.

Drift recently closed a $25 million Series B funding round, fueling its expansion plans in the competitive DeFi ecosystem. With its diversified product suite—including derivatives, prediction markets, and yield optimization—Drift is positioning itself as a comprehensive DeFi hub on Solana.

As DeFi continues to mature, Drift’s multi-vertical strategy and institutional services highlight its commitment to building scalable, high-performance financial infrastructure. The platform’s growth underscores Solana’s rising prominence as a base for innovative decentralized applications.

Drift expands DeFi platform on Solana with perpetual, prediction markets, and institutional services first appeared on TheStreet on Jun 11, 2025

This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.

Jakarta, Pintu News – Although Solana has decreased in value today, May 13, strong fundamental analysis points to a potential price increase of up to $300.

On-chain data shows that the Solana blockchain has outperformed all other layer one and layer two networks, a bullish indicator for the token.

On Monday, the SOL briefly touched the $180 mark before experiencing strong rejection as traders took profits, which led the price back to $171.

Check out the full analysis here!

Bullish Outlook for Solana Price

Solana price is currently in a decisive phase, trying to break the resistance line of the ascending parallel channel that has rejected it several times. However, by successfully defending the centerline support, the chances of breaking the upper resistance are opening up, which could trigger further price gains.

In addition, a golden cross formation looks set to occur as the 20-day EMA moves up and approaches convergence with the 200-day EMA. If these two trend lines continue to show the same pattern and cross, this could trigger the next bullish phase for SOL prices past the $177 resistance level, towards the previous record high of $296, and potentially reach $300.

The RSI indicator also confirmed that momentum is still bullish, with a reading of 69 indicating strong buying pressure. This suggests that Solana (SOL) may soon cross $200.

Also read: X SEC account hacker gets caught up in the law, sentenced to 2 years in prison!

Solana Outperforms All Layer 1 and Layer 2 Networks

In terms of revenue generated by decentralized applications (dApps), the Solana blockchain has surpassed all other layer one and layer two networks last week. According to data from DeFiLlama, Solana’s revenue exceeded $50 million, with network dominance reaching 51.6%, more than three times that of Ethereum at just 14.23%.

This revenue growth is a bullish indicator for SOL prices as it could boost investor confidence and push up the price of the altcoin. Data from DappRadar also shows that in the last seven days, dApp volume on the Solana network increased by 50% to $1.61 billion, while transactions during the week reached $138 million.

This surge may be related to the SOL meme coin craze that has pushed their market capitalization above $14 million.

Read also: LAUNCHCOIN Skyrocketed Over 200% Today May 14, 2025, What’s the Main Factor?

Rising Open Interest Supports Bullish Case

Open interest for Solana continues to show an upward trend, and despite recent price drops, this metric continues to rise and recently reached $6.92 billion, the highest level since late January.

The increase in open interest indicates high confidence among traders that SOL prices will continue to rise. This underlines Solana’s positive price forecast, as the bulls target the next key level above $200 and reach a new record high above $300.

Therefore, as the Solana blockchain continues to grow and outperform other layer one and layer two networks, SOL prices may continue to trend upwards and potentially reach new highs above $300.

Conclusion

With a range of favorable technical and fundamental indicators, the upside outlook for Solana (SOL) looks very bright. The combination of strong price defense, increasing open interest, and dApp revenue dominance puts Solana in a great position to reach higher market values in the near future.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

Ethereum (ETH) is surging after the U.S. Securities and Exchange Commission (SEC) signaled a more supportive stance toward decentralized finance (DeFi) on Monday.

At the time of writing, ETH is up 8% on the day to $2,750. The market reaction follows remarks by SEC Chairman Paul Atkins during the Crypto Task Force Roundtable on June 9, where he shared his vision for preserving decentralization amid a rapidly evolving crypto sector.

“I am in favor of affording greater flexibility to market participants to self-custody crypto assets, especially where intermediation imposes unnecessary transaction costs or restricts the ability to engage in staking and other on-chain activities,” Atkins said.

The Chairman also stated that American values such as economic liberty, private property rights, and innovation are “in the DNA of the DeFi movement.”

Notably, DeFi coins Uniswap (UNI), SKY (formerly MakerDAO), and Aave (AAVE) surged by 25%, 16%, and 15% on the day. The sector’s market capitalization has increased by 10% to $150 billion, according to Coingecko.

Elsewhere, both Bitcoin (BTC) and XRP edged up by 1% over the past 24 hours, trading at $108,800 and $2.28, respectively. Meanwhile, Solana (SOL) climbed 1.7% to $158.

The total cryptocurrency market capitalization remained unchanged in the past 24 hours at $3.55 trillion. Leveraged liquidations amounted to $489 million on the day, according to CoinGlass. BTC accounted for around $176 million of the total, while ETH liquidations came in at around $158 million.

In the exchange-traded fund (ETF) space, U.S. spot BTC ETFs recorded $386.27 million in inflows. Spot ETH ETFs also attracted around $53 million in inflows, according to SoSoValue data.

Sentiment Shift

The SEC’s recent remarks underscore a shift in sentiment after a period of heightened uncertainty driven by both macroeconomic concerns and political drama.

“Positive sentiment from the SEC on DeFi has helped lift the market, and hence why we see Ethereum outperforming its position for a number of years,” said Paul Howard, Senior Director at Wincent. “Heading into Q3, we can expect some of the policy changes from the US to start filtering down Wall Street and into risk assets.”

Mena Theodorou, co-founder at crypto exchange Coinstash, echoed that sentiment, adding that the momentum is also reflected in Ethereum ETFs, which have posted 15 straight days of net inflows, totalling close to $837 million.

“Institutional support is also strengthening,” Theodorou said. “BlackRock has reportedly added over $500 million in ETH to its books in the past two weeks, a possible signal that traditional finance is readying its long-term Ethereum play.”

Decentralized finance (DeFi) tokens are leading today’s crypto market rally, with the likes of UNI (+22%), AAVE (+20%) and SKY (+19%) enjoying impressive gains.

The strength displayed by DeFi tokens is driven by two bullish developments.

U.S. SEC (Securities and Exchange Commission) chairman Paul Atkins expressing a positive stance towards decentralized finance, saying that the commission is looking to provide certain regulatory exemptions to DeFi platforms with the goal of supporting innovation.

Simultaenously, stablecoin issuer Circle’s red-hot debut on the stock market has shown that investors are looking for exposure to stablecoins, which are a crucial part of the decentralized finance ecosystem.

SEC chair Paul Atkins plans to accommodate DeFi platforms

Speaking at a crypto roundtable titled DeFi and the American Spirit, Atkins outlined plans for an “innovation exemption” that would allow DeFi developers and other crypto entrepreneurs to bring onchain products and services to market more rapidly, provided they meet certain compliance conditions.

I have directed the staff to consider a conditional exemptive relief framework or “innovation exemption” that would expeditiously allow registrants and non-registrants to bring on-chain products and services to market.

— U.S. Securities and Exchange Commission (@SECGov) June 9, 2025

The innovation exemption is intended to offer conditional, temporary relief from specific securities regulations for firms developing emerging blockchain-based financial technologies. According to Atkins, this approach would accelerate the rollout of onchain systems while the SEC explores broader amendments to its existing regulatory framework. 

These amendments would seek to accommodate the unique characteristics of decentralized finance systems, where code performs critical financial functions traditionally reserved for intermediaries like broker-dealers or clearinghouses.

Atkins emphasized that many SEC rules were drafted long before the emergence of technologies capable of facilitating peer-to-peer transactions without centralized oversight:

“The drafters of these rules and regulations likely did not contemplate that self-executing software code might displace such issuers and intermediaries.”

The proposed exemption marks a clear shift from the SEC’s previous strategy under former chairman Gary Gensler, who was frequently criticized for relying on lawsuits and enforcement actions instead of formal rulemaking. Since Gensler’s resignation in January, the SEC has dismissed several long-running crypto enforcement cases and issued guidance clarifying that common crypto staking activities do not violate securities laws.

Circle’s IPO success shows huge demand for exposure to stablecoins

Another reason why the market is showing strong demand for DeFi projects is the impressive success of Circle’s initial public offering. The company, which issues the popular USDC stablecoin, debuted on the stock market last Wednesday at $31 and is currently trading at $109 (+251%).

Alongside Tether’s USDT, Circle’s USDC is a key component of the decentralized finance ecosystem, providing a dollar-pegged asset that can be traded directly on the blockchain with the help of smart contracts. With a market capitalization of nearly $61 billion, USDC is currently the 7th-largest asset on the crypto market. 

The strong demand for Circle stock has already resulted in applications for ETFs based on the performance of CRCL. Asset managers including T-Rex, ProShares and Bitwise have all filed with the SEC to launch ETFs tied to the stock. The proposed instruments include ETFs that provide leveraged exposure to CRCL stock and ETFs that track the performance of CRCL using covered calls.

Two single stock ETFs based on peer to peer payments Circle Internet Group $CRCL which only just IPO’d last Thursday:

ProShares Ultra CRCL ETF (leveraged 2x)
Bitwise CRCL Option Income Strategy ETF (covered call)

ticker/fees: tba
effective date: August 20, 2025

Circle Internet… pic.twitter.com/y57RvMgKjf

— ETF Hearsay by Henry Jim (@ETFhearsay) June 9, 2025

These developments explain why Ethereum (+7.7%) is showing a significantly better performance than Bitcoin (+1.5%) today and why tokens issued by DeFi projects are outperforming the rest of the crypto market today.

Decentralized finance (DeFi) tokens UNI, AAVE and SKY all rose by more than 20% on optimistic comments from SEC Chair Paul Atkins at a Monday roundtable discussion about the sector.

Atkins instructed the regulator to explore exemptions to let decentralized finance (DeFi) firms conduct operations without as many restrictions.

“The right to have self-custody of one’s private property is a foundational American value,” he said.

The comments are a stark contrast to those made by the previous commission led by Gary Gensler, which was criticized for stifling innovation by imposing restrictive guidance on crypto firms.

“Can you imagine a starker contrast with the previous SEC’s approach?,” said Noelle Acheson, analyst and author of Crypto Is Macro Now newsletter.

“We expected Atkins to say some nice words around the potential for innovation to unleash new financial efficiencies,” she wrote. “We didn’t expect his support to be quite so emphatic.”

Industry members heralded the event as a symbolic milestone the event ,

June 9th “will be remembered as DeFi day,” Changpeng “CZ” Zhao, founder of Binance, the largest crypto exchange by trading volume posted on X.

“The DeFi Renaissance continues,” said Arthur Cheong, founder and CEO of crypto investment firm DeFiance Capital.

DeFi-related tokens well outperformed an already upbeat crypto market with bitcoin

bouncing to near record prices. Ethereum’s ether , a key hub for DeFi applications, also jumped over 8%.

The broad-market crypto benchmark CoinDesk 20 Index was 4.7% up over the past 24 hours, while BTC gained 1.5% in the same period.

Read more: U.S. SEC Chair Says Working on ‘Innovation Exemption’ for DeFi Platforms

Jakarta, Pintu News – In today’s digital era, NFT-based games are not just entertainment, but also a source of income. With the play-to-earn concept, players can collect digital assets that have real value. This article will review the six best NFT games to try in June 2025, offering gamers the opportunity to earn while playing.

1. Gods Unchained: Strategy and Digital Cards

Gods Unchained is an NFT-based trading card game, where players can collect, trade, and battle using unique digital cards. The game offers various game modes such as ranked, solo, casual and regular, with updates introducing new mechanics, storylines and cards.

The native token used in Gods Unchained is the $GODS token, which serves for staking, governance, and in-game purchases. The game not only challenges players’ strategy skills, but also provides opportunities to participate in decision-making through governance features. Thus, players are not only involved as participants, but also as shareholders in the development of the game.

Also Read: From Dogecoin Millionaire to Pepe Millionaire: The Latest Meme Coin Investment Strategy!

Realms of Alurya is an RPG game set in a fantasy world with elemental biomes, where players can explore unique locations, dungeons, and craft their own equipment. The game supports PvP and PvE combat modes, allowing players to fight monsters, collect loot, and earn tokens and NFTs. Realms of Alurya operates on the Ronin network with the native token $SNG used for purchasing, staking, and governance.

Meanwhile, My Neighbor Alice offers a metaverse experience where players can purchase virtual land, build houses, interact with various elements, and perform daily tasks such as farming and fishing to earn rewards. The game has an NFT marketplace to buy, sell and customize in-game assets, as well as earn passive income through staking ALICE tokens or lending NFTs.

3. Off the Grid and Axie Infinity: From Fighting to Adventure

Off the Grid is a free-to-play shooter game set on an island called Teardrop, combining battle royale-style gameplay with narrative. Players compete to collect resources, weapons, and NFTs before the match ends. The game operates on the GUNZ subnet, a Layer 1 blockchain on the Avalanche network, with the native crypto GUN token used for transactions within the ecosystem.

Axie Infinity, on the other hand, is a popular NFT game that features a virtual world with collectible creatures called Axies that can be traded, fought, and used to mine tokens. The game offers various modes such as Origins, Classic, and Homeland, each providing a unique gaming experience. Axie Infinity operates on the Ronin network, an Ethereum-connected sidechain developed by Sky Mavis studio.

Cover

Play-to-earn NFT games offer new opportunities for gamers to not only enjoy playing, but also to earn. With a variety of genres and platforms available, players have many options to explore the gaming world while building their digital assets.

Also Read: Shocking Prediction: Bitcoin (BTC) Has the Potential to Reach $250,000 in 2026!

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference