Bitcoin Surges Past $100K as Meta Plans Crypto Integration for 3 Billion Users
Bitcoin's remarkable rally above $100,000 underscores growing institutional confidence and a favorable macroeconomic environment. This milestone coincides with Meta's ambitious initiative to integrate cryptocurrency support across its platforms, potentially bringing digital asset payments to its 3 billion users. David Sacks, a key crypto advisor to former President Trump, anticipates a "Trump boom" for the crypto sector, further fueling optimism. As of June 2025, these developments signal a transformative phase for Bitcoin and broader adoption of blockchain technology in mainstream finance.
Meta Plans to Add Crypto Support for 3 Billion Users Amid Bitcoin's Rally Past $100K
Bitcoin's meteoric rise above $100,000 reflects mounting institutional confidence and a favorable macroeconomic backdrop. The cryptocurrency's surge coincides with Meta's ambitious plans to integrate digital assets across its platforms, potentially exposing billions to crypto payments.
David Sacks, a prominent crypto advisor to former President Trump, predicts a "Trump boom" for digital assets as dollar skepticism grows. Meta's exploration of stablecoins for creator payouts signals a strategic push into blockchain infrastructure, mirroring broader tech industry trends.
The convergence of political support, corporate adoption, and price momentum creates a potent bullish cocktail for cryptocurrencies. Market observers note Meta's MOVE could dwarf previous waves of retail adoption, with its 3 billion-strong user base representing the largest potential onboarding event in crypto history.
Malaysia Sees 300% Surge in Power Theft Linked to Illegal Crypto Mining
Malaysian authorities have uncovered a 300% increase in electricity theft cases between 2018 and 2024, with illegal cryptocurrency mining operations identified as the primary culprit. Joint operations involving Tenaga Nasional Berhad (TNB), the Energy Commission, and local police have dismantled 2,397 illicit mining setups this year—up from just 610 in 2018.
The energy-intensive nature of proof-of-work mining, particularly for Bitcoin, creates strong incentives for operators to bypass legal power infrastructure. "Nationwide raids demonstrate how crypto mining's demand for cheap electricity fuels infrastructure abuse," said a TNB representative in a statement to The Star. No major exchanges appear implicated in these illegal activities.
