Crypto News. June 4-6, 2025
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DeFi
Bitcoiners can now access USDC natively on Bitcoin mainnet via DotSwap— built on Starknet
Trump and Musk fallout over spending bill not including EV mandate
The goal for EV mandate is to reduce greenhouse gas emissions and accelerate the transition to cleaner transportation
Trump claims Elon Musk backed the spending bill—until he found out the EV mandate didn’t make the cut
Trump also threatened to eliminate Musk’s government subsidies and contracts. Tesla stocks been down since
Musk Responded by an immediate decommissioning of SpaceX Dragon spacecraft and calls for Trump impeachment
Circle stock went live and is trading at $114 up from $31 IPO price
Their major product stablecoin USDC is has 70% supply and 60% of total volume on ETH and it’s L2s
Institutions will finally wake up to Ethereum’s role in the crypto economy, 2025 might shape up to be the year crypto companies flood the public markets
Bitwise also predicts “2025 will be the Year of the Crypto IPO”
World Liberty Financial partner with BNB, Pancakeswap and Four Meme to drive USD1 liquidity
The USD1 Liquidity Incentive Campaign (June 4 – July 4), will offer $1M in rewards: $400K token buys + up to $200K liquidity for 2 winners—1 new meme, 1 existing BSC project.
Trump family are reportedly buying these meme tokens to drive USD1 adoption.
WLFI bought B (BUILDonBsc_AI) with their official wallet.
There are currently 30 known USD1 pairs, as times goes on it’ll increase, old tokens will pair with it
