🚀 Bitcoin Treasuries Soar, Buterin Drops Digital ID Bombshell & Robinhood Bets Big on Micro Crypto Futures | June 2025 Crypto Storm

Wall Street's playing catch-up while crypto eats its lunch—again. This week's power moves prove decentralization isn't asking for permission.

Corporate Bitcoin Hoarding Hits New Highs

Blue-chip balance sheets now flaunt more BTC than some national reserves. Guess who's sleeping on a mattress stuffed with fiat?

Vitalik's Digital ID Vision: Web3's Next Frontier or Privacy Nightmare?

The Ethereum co-founder's latest brainchild sparks fiery debates—can self-sovereign identities coexist with KYC dragons?

Robinhood's Micro Futures Gamble: Mainstream On-Ramp or Trap?

The trading app's new bite-sized derivatives let normies play with crypto-fire. Cue the SEC's incoming headache.

Meanwhile, traditional finance still thinks 'blockchain' is a type of Scandinavian furniture. Your move, boomers.

Buterin raises concerns about World’s digital identity approach

• Ethereum (ETH) co-founder Vitalik Buterin published a Saturday post expressing reservations about digital identity projects like World, which claims to have over 13 million “unique humans” as verified users.
• Buterin specifically discussed risks and rewards of digital ID projects utilizing zero-knowledge proofs. He argued that platforms like Sam Altman-backed World could eliminate the pseudonymity that many internet users, particularly in cryptocurrency, value.

Ripple and SEC conclude long-running legal battle

• Ripple CEO Brad Garlinghouse revealed that the business will withdraw its cross-appeal, while the SEC is expected to withdraw its appeal as previously indicated.
• Garlinghouse stated on X that Ripple is “closing this chapter once and for all, and focusing on what’s most important – building the Internet of Value.”

Robinhood launches micro cryptocurrency futures

• The digital brokerage added micro XRP (XRP) and Solana (SOL) futures to its platform Friday.
• The company also introduced a micro version of its existing Bitcoin (BTC) futures offering, providing smaller position sizes for retail investors.

Bakkt files for $1 billion securities offering

• Digital asset platform Bakkt Holdings notified the SEC of plans to sell up to $1 billion in securities to provide capital for potential Bitcoin treasury expansion.
• Thursday’s S-3 filing creates a flexible pool of securities including common stock, preferred stock, debt securities, warrants, and bundled stock units that can be utilized when market conditions become favorable.

Metaplanet makes third-largest Bitcoin purchase

• The Japan-based Bitcoin treasury firm acquired an additional 1,234 Bitcoin worth nearly $132 million.
• The company paid 15,617,281 yen per token, approximately $108,129 at current exchange rates.

Kraken expands with payments app and EU license

• The San Francisco-based exchange launched Krak on Thursday, a peer-to-peer payments app competing with CashApp and Venmo.
• Separately, Kraken received authorization to operate in Ireland under the EU’s Markets in Crypto Assets (MiCA) regulation.

SoFi announces return to cryptocurrency trading

• The San Francisco-based financial services company revealed Wednesday it will resume offering cryptocurrency trading and custody services later this year.
• Users will be able to trade and hold popular cryptocurrencies including Bitcoin and Ethereum through SoFi’s platform.

RippleX releases major network upgrade

• The XRP Ledger development team has launched version 2.5.0 of “rippled,” the network’s reference implementation.
• The new amendments are currently available for voting via the XRP Ledger’s amendment procedure, which requires two weeks of support from more than 80% of trustworthy validators for protocol changes.

SharpLink Gaming continues Ethereum accumulation

• The Minnesota-based affiliate marketing firm conducted its second ETH purchase between June 16-20, acquiring 12,207 ETH for approximately $30.7 million.

Ledger secures first professional sports sponsorship

• Ledger has entered a multi-year agreement with the San Antonio Spurs, marking its first professional sports uniform sponsorship deal.
• Ledger’s logo patch will appear on the team’s jersey starting this week during the NBA Draft.

Pompliano’s Procap acquires initial Bitcoin holdings

• Anthony Pompliano’s newly revealed Bitcoin treasury company Procap has purchased its first 3,724 BTC at a time-weighted average price of $103,785 per coin.
• The acquisition was valued at approximately $385 million. The company aims to eventually accumulate $1 billion worth of Bitcoin.

Strategy adds modest Bitcoin purchase

• The largest publicly listed Bitcoin holding company acquired an additional 245 BTC for $26 million.
• This purchase brings Strategy’s total holdings to 592,345 BTC.

Texas establishes state Bitcoin reserve

• Governor Greg Abbott signed Senate Bill 21 into law Friday, officially creating Texas’s Strategic Bitcoin Reserve and making it the third U.S. state to establish such a program.
• The reserve is designed to serve as a “hedge against inflation and economic volatility,” with the state comptroller authorized to buy, sell, hold, or manage investments within the reserve.