Bitcoin Nears All-Time High as Dollar Crumbles đź’¸
Here’s to the last edition of your favorite weekly news round-up for June 2025 🥂
We could be experiencing a power shift at the moment, with the dollar currently experiencing a mid-life crisis at a time when Bitcoin is testing the waters from the river that leads to all-time highs.
But it's not all sunshine and rainbows in these crypto games. Traditional banks are playing defence, and Barclays just hit a counterattack at crypto credit card transactions…. Hell they're trying to win this one for us poor retail investors who keep getting rekt.
And in the "finally some good news" department, Ripple's finally ready to kiss and make up with the SEC. About time, isn’t it? Meanwhile, FTX ain’t feeling so generous nowadays, I mean, they're basically telling Three Arrows Capital to take their $1.5B claim and shove it.
Now let’s sit back and watch how things play out in July.
- Bitcoin near all-time high as dollar slides to three-year low
- Barclays to ban crypto transactions on credit cards from Friday
- Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says
- FTX Rejects Three Arrows Capital’s $1.5B Claim Over Trading Losses
Bitcoin near all-time high as dollar slides to three-year low
Bitcoin is maintaining its impressive stance near record highs, as the U.S. dollar declines to its weakest level in over three years. This delicate dance between the largest cryptocurrency and the global reserve currency poses fascinating questions. Why is the dollar’s descent fueling Bitcoin’s rise, and what macroeconomic forces are lurking behind this trend? As expectations lean towards looser Federal Reserve policies and improved U.S.-China relations, could these elements transform Bitcoin into a resilient hedge against dollar debasement? The narrative is compelling, but a pivotal question remains...
Barclays to ban crypto transactions on credit cards from Friday
United Kingdom-based bank Barclays will begin blocking crypto transactions made through its Barclaycard credit cards starting Friday, citing risks associated with cryptocurrency volatility. According to the bank’s website, the decision was based on concerns over volatile token prices and the lack of regulatory guardrails for investors. “We’re doing this because a fall in the price of crypto assets could lead to customers finding themselves in debt they can’t afford to repay,” said Barclays
Ripple to drop cross appeal against US SEC in crypto lawsuit, CEO says
June 27 (Reuters) - Ripple Labs will withdraw its cross appeal against the U.S. Securities and Exchange Commission in a prolonged legal battle tied to the sale of its XRP tokens, the crypto firm's CEO said on Friday. "We're closing this chapter once and for all," Ripple Labs CEO Brad Garlinghouse said in a post on X, adding that the SEC was also expected to drop its appeal. The move could bring the dispute closer to resolution after years of back-and-forth between the company and the regulator over the token's status as a security.
FTX Rejects Three Arrows Capital’s $1.5B Claim Over Trading Losses
Collapsed crypto exchange FTX has formally rejected Three Arrows Capital’s (3AC) $1.53 billion claim, arguing that the hedge fund’s risky trading strategy caused its own losses and that creditors should not bear the cost. In a filing submitted on Friday to the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers argued that 3AC “bet big” on a market upswing that never came. When crypto prices crashed in 2022, the fund was exposed, leading to its eventual collapse.
Other Highlights Worth Mentioning
North Korea’s Lazarus Group Strikes Again With $3.2 Million Scam - Beincrypto
Coinbase makes TIME’s 100 Most Influential Companies of 2025 list - Cointelegraph
Coinbase stock hits new all-time closing high, surging 40% over the past month - The Block
Russian Woman Sentenced to 7 Years for $23 Million Bitcoin Pyramid Scheme Fraud - Decrypt
COINIGY MEME OF THE WEEK
COINIGY FACT OF THE DAY
June 30 2022 - Bitcoin drops below $19,000
📉 On this day in 2022—June 30—Bitcoin’s price plunged below $19,000, dropping approximately 6.1 % to $18,866.77, its lowest level in months. This sharp decline came amid market turbulence driven by the fallout from Celsius Network’s shutdown of withdrawals and the collapse of Three Arrows Capital. Ether also dropped around 7.5 % to $1,016.08—highlighting how institutional failures triggered a broad crypto market sell-off