Crypto News. June 9, 2025

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DeFi

Rise Chain raised a total of $8M as they aim to build the fastest environment for apps on Ethereum

Virtuals Protocol hub of ai agents is now live on Ethereum

Following Circle’s successful IPO launch with CRCL trading at $125 up 300% from IPO. Bitwise and ProShares file FOR CIRCLE CRCL based ETFS

Stablecoin blockchain Plasma raised $500M in 5 minutes from a Plasma XPL token sale where users have to deposit into Plasma stablecoin vault to purchase XPL token. 10% of XPL supply was allocated for this.

Sold out so fast because retail wants stablecoin exposure citing Circle’s successful IPO 300%, and want exposure to Tether billion dollar revenue which Plasma is a proxy bet