Gemini & Coinbase Secure EU Licenses, Cardano Eyes $100M BTC Buy, Bitdeer & Sol Strategies Expand Boldly

Welcome to our exciting weekly recap in the dynamic world of cryptocurrencies! On Monday, June 16th, 2025, at 9:00:05 AM EST (3:00:05 PM CET), we will analyze the prices of the top 10 cryptocurrencies according to Coin Market Cap and anticipate how the market could evolve throughout the week. On Friday, June 20th, 2025, at 6:00:02 PM EST (12:00:02 PM CET), we will compare these prices with the closing values to identify market trends and fluctuations.
CRYPTO | INITIAL | % CHANGE | FINAL |
---|---|---|---|
BTC | $106,707.09 | -2.34% | $104,204.83 |
ETH | $2,615.51 | -5.21% | $2,479.24 |
XRP | $2.25 | -5.78% | $2.12 |
BNB | $655.20 | -1.76% | $643.69 |
SOL | $155.41 | -8.88% | $141.60 |
DOGE | $0.18 | -11.11% | $0.16 |
ADA | $0.64 | -9.38% | $0.58 |
TON | $2.99 | -1.00% | $2.96 |
AVAX | $19.54 | -10.86% | $17.42 |
Gemini and Coinbase to Secure EU Licenses Under MiCA
Gemini and Coinbase are set to obtain licenses to operate in the European Union under the MiCA regulatory framework, according to Reuters. Gemini will be approved in Malta, while Coinbase is expected to receive its license in Luxembourg. This move follows similar steps by other exchanges like Bybit and Binance. MiCA, in effect since June 2024, aims to unify crypto regulation across the EU, enhance investor protection, and promote financial stability.
Cardano Founder Proposes Investing $100 Million in Bitcoin to Boost ADA Price
Two days ago, Charles Hoskinson, creator of Cardano, proposed using up to 10% of Cardano’s treasury to buy Bitcoin and stablecoins. The idea is to create a sovereign wealth fund that generates yields to buy more ADA and boost its price. This plan could help Cardano better compete with Ethereum and Solana in decentralized finance.
Bitdeer Raises $330M for Bitcoin Mining and AI Expansion
Bitdeer has raised $330 million through convertible notes to boost its Bitcoin mining, develop ASIC rigs, and expand AI infrastructure. Funds will also support datacenter growth and debt exchange. The company mined 196 BTC in May and launched its AI platform across sites in Texas, Norway, and Bhutan.
Canada’s Sol Strategies Seeks Nasdaq Listing
Canadian firm Sol Strategies, focused on the Solana ecosystem, filed with the SEC to list on Nasdaq under the ticker STKE. Currently listed on the Canadian Securities Exchange as HODL, its stock rose over 4% after the announcement. Nasdaq is the world’s second-largest exchange by market cap.
Arizona Senate Revives Bitcoin Reserve Bill
Arizona’s Senate has breathed new life into HB 2324, a bill to create a state-run Bitcoin and digital assets reserve fund. Initially rejected by the House, it’s now back for reconsideration after a narrow 16–14 Senate vote. The move signals Arizona’s growing interest in crypto-backed state finances.
Sources
https://cointelegraph.com/news/gemini-coinbase-eu-licenses-mica-report
https://bitcoinmagazine.com/news/bitdeer-raises-330m-to-expand-bitcoin-mining-and-ai-operations
https://bitcoinist.com/cardano-100-million-bitcoin-buy/
https://cointelegraph.com/news/canada-sol-strategies-files-list-nasdaq
https://cointelegraph.com/news/arizona-senate-revives-bitcoin-reserve-bill
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