WalletConnect ecosystem update: Growth, milestones, and what’s next

WalletConnect is the connectivity layer behind onchain apps and wallets used daily.

If you’ve ever connected to a crypto app, chances are you’ve used WalletConnect. Today, the ecosystem is reaching new highs and setting the stage for the next wave of growth.

300 million connections and climbing

The network has now processed more than 300 million cumulative connections, moving billions in value. From individual users to top-tier institutions, WalletConnect is the default for secure, scalable onchain interaction. But this isn’t a peak, it’s the launchpad. The next phase is already underway, and it’s accelerating.

Network growth highlights: May 2025

Cumulative… Read more on Blockworks

Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report

Bitcoin’s BTC/USD sharp rise to an all-time high of $111,800 has entered a decisive phase, as data from Glassnode reveals intensified profit-taking by long-term holders.

What Happened: The surge, initially driven by aggressive spot buying, is now encountering persistent sell pressure from earlier market participants, posing a critical test of the market’s resilience.

Glassnode’s on-chain analysis released on Thursday shows that key support levels at $103,700 and $95,600 will likely determine whether bullish momentum can be sustained.

“With key support at $103.7k and $95.6k, and signs of older investors offloading, the bulls now face a critical test of their resolve,” the report states.

While…

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LATEST: U.K. Gold Miner Bluebird Ventures Will Add Bitcoin to Company Treasury Reserves

Bluebird Mining Ventures Ltd has announced a bold new direction converting gold into digital gold by channeling revenues into Bitcoin. This strategic pivot positions the company as one of the first publicly listed UK mining firms to formally adopt a crypto-centric treasury model.

The company plans to use profits from its gold mining operations to purchase Bitcoin turning physical assets into digital reserves. This move reflects growing confidence in Bitcoin as a long-term store of value and a hedge against traditional market volatility. The firm will also hold Bitcoin on its balance sheet as a core treasury asset.

This shift marks a major milestone in the convergence of traditional mining and decentralized finance. Bluebird aims to maintain minimal overhead while building digital reserves signaling a forward-thinking strategy that embraces innovation and challenges legacy norms in corporate finance.

LATEST: Hong Kong to Open Doors for Crypto Derivatives Trading

Hong Kong’s top financial regulator is set to allow professional investors to trade crypto derivatives signaling a major step forward for the city’s virtual asset market. The Securities and Futures Commission plans to expand digital asset offerings according to a report by China Daily.

Crypto derivatives represent a much larger market than traditional spot trading. In the first quarter alone the market recorded $21 trillion in trading volume compared to just $4.6 trillion for spot trades based on data from TokenInsight. This move could unlock massive potential for the city to become a global crypto hub.

Industry leaders have welcomed the decision highlighting the long-standing demand for such regulation. Earlier this year Deribit’s chief commercial officer Jean-David Péquignot said Hong Kong was missing key rules on crypto derivatives. The city has also passed a bill to regulate stablecoins showing its commitment to building a secure and progressive crypto ecosystem.

Source

ETF Approval Sparks Institutional Mining Rush, PAIRMiner Scales Up

LOS ANGELES, June 04, 2025 (GLOBE NEWSWIRE) — More offline retail inverter community can now participate in the mining economy without the hassle of hardware or technical knowledge using PAIRMiner, a UK-regulated cloud mining platform, as Bitcoin experiences a surge driven by growing institutional adoption and recent approval of spot Bitcoin ETFs.

Founded in 2009, PAIRMiner offers users remote access to hash power for mining Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other cryptocurrencies. Interest in the platform sharply rose in early June 2025, coinciding with broader market enthusiasm following regulatory breakthroughs that have brought institutional investors more deeply…

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Bitcoin, Ethereum, XRP, Dogecoin Trade Mixed As Traders Warn Of Overtrading

The cryptocurrency market showed mixed signals Tuesday, with major crypto tokens holding key support levels despite a modest pullback in the overall market cap.

CryptocurrencyPrice   Gains +/-Bitcoin BTC/USD $104,948.14-1.2%Ethereum ETH/USD $2,627.91-0.2%Solana SOL/USD $155.55-3.2%XRP XRP/USD $2.22-1.8%Dogecoin DOGE/USD $0.1903-3.1%Shiba Inu SHIB/USD $0.00001296-1.9%

Notable Statistics:

IntoTheBlock data shows large transaction volume increasing by 2.4% and daily active addresses growing by 10.9%. Transactions greater than $100,000 are up from 11,499 to 11,969 in a single day. Exchanges netflows are up by 228.7%.

Coinglass data reports 78,590 traders were liquidated in the past… Read more on Benzinga

The Key To Scaling Bitcoin

Bitcoin, and for that matter all blockchains, do not scale. It is a fundamental limitation of blockchain based systems that they are incapable of facilitating transactional use at a truly global scale without completely sacrificing the decentralization and verifiability that make them valuable in the first place. 

This has been an existential issue that Bitcoiners have grappled with from the very beginning of Bitcoin. This is a comment from James A. Donald, a Canadian cypherpunk who was the first person to reply to Satoshi’s original post on the cryptography mailing list: 

Satoshi Nakamoto wrote:

“The bandwidth might not be as prohibitive as youthink. A typical…

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Why it’s ‘difficult to predict’ how Circle’s NYSE listing plays out

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

Stablecoin issuer Circle’s expected listing on the New York Stock Exchange tomorrow comes roughly four years after another crypto milestone: Coinbase’s public market debut. 

I wrote yesterday about how the apparently solid institutional demand for Circle doesn’t necessarily spell out what will happen once CRCL shares list. 

“It’s difficult to predict the precise impact of this listing,” said Fineqia senior associate Matteo Greco. “Back in 2021, there was widespread belief that Coinbase’s stock would soar following its Nasdaq debut. The outcome proved quite…

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JPMorgan To Offer Clients Financing Against Bitcoin & Crypto ETFs

JPMorgan Chase & Co. plans to allow its trading and wealth-management clients to use cryptocurrency-linked assets, including spot Bitcoin exchange-traded funds (ETFs), as collateral for loans, according to Bloomberg.

The bank will begin with BlackRock’s iShares Bitcoin Trust (IBIT), and additional ETFs are expected to be added over time. The policy will apply globally, spanning all client segments—from individual retail accounts to investors.  

In addition to the lending change, JPMorgan will begin factoring crypto holdings into overall net worth and liquid asset evaluations, placing them on par with stocks, vehicles, or fine art when determining loan eligibility,…

Read more on BitcoinMagazine