Gemini takes its first official step toward an IPO (0:50), while the Trump family reunites its crypto ventures under one meme coin banner (1:53). In the UK, the financial watchdog is rethinking its ban on retail crypto ETNs (3:39), and Argentina clears President Milei in the controversial $LIBRA case (4:49).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Crypto Exchange Gemini Files for IPO. Vicky Ge Huang. Wall Street Journal.

https://www.wsj.com/finance/currencies/crypto-exchange-gemini-files-for-ipo-096f41d7

World Liberty Financial to Invest in Trump Meme Coin Following Crypto Wallet Dispute. Julia Shapero. The Hill.

https://thehill.com/business/5337629-trump-meme-coin-investment-world-liberty/amp/

UK to End Ban on Retail Investors Buying Crypto Exchange-Traded Notes. Reporting by Tommy Reggiori Wilkes. Editing by Jane Merriman. Reuters.

https://www.reuters.com/sustainability/boards-policy-regulation/embargoed-uk-end-ban-retail-investors-buying-crypto-exchange-traded-notes-2025-06-06/

Anti-Corruption Office Clears Milei of Ethical Misconduct in $LIBRA Cryptoscandal. Buenos Aires Herald.

https://buenosairesherald.com/politics/anti-corruption-office-clears-milei-of-ethical-misconduct-in-libra-cryptoscandal

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

Trump Media pushes deeper into crypto with a new Bitcoin ETF filing and plans for a $2.3 billion treasury (0:56). Ukrainian cyber police arrest a hacker behind a $4.5 million cryptojacking scheme (2:37). FBI warns of phishing scams hitting Hedera users through fake NFT drops (4:18). And Pakistan outlines an aggressive national strategy to monetize surplus electricity with a state-backed bitcoin reserve (5:38).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Donald Trump's Truth Social Officially Files for Bitcoin ETF as Company Deepens Crypto Push. Laura Bratton. Yahoo! Finance.

https://finance.yahoo.com/news/donald-trumps-truth-social-officially-files-for-bitcoin-etf-as-company-deepens-crypto-push-150426350.html

Hacker Who Breached 5,000 Accounts to Mine Crypto Arrested — 7-Year Cryptojacking Scheme Incurs $4.5 Million in Damages. Jowi Morales. Tom’s Hardware.

https://www.tomshardware.com/tech-industry/cryptomining/hacker-who-breached-5-000-accounts-to-mine-crypto-arrested-7-year-cryptojacking-scheme-incurs-usd4-5-million-in-damages

FBI Alert: New Crypto Trap Drains Wallets in Seconds. Kaylee Remington. Cleveland.com

https://www.cleveland.com/news/2025/06/fbi-alert-new-crypto-trap-drains-wallets-in-seconds.html

Cyber Criminals Defraud Hedera Hashgraph Network Non-Custodial Wallet Users through Nonfungible Token Airdrops Disguised as Free Rewards. Public Service Announcement. Federal Bureau of Investigation.

https://www.ic3.gov/PSA/2025/PSA250603

Pakistan’s Bold Bitcoin Reserve Plan Aims to Transform Energy Surplus into Tech Investment. Tom Hussain. South China Morning News.

https://www.scmp.com/week-asia/economics/article/3313159/pakistans-bold-bitcoin-reserve-plan-aims-transform-energy-surplus-tech-investment

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

A crypto kidnapping suspect is captured in Morocco in connection with a string of brutal abductions, including a €10 million ransom case (0:45). Meanwhile, Circle, the company behind USDC, officially begins trading on the NYSE under the ticker CRCL (2:22). JPMorgan prepares to offer financing backed by Bitcoin ETFs (3:58), and Hong Kong takes a major step toward institutional crypto derivatives (5:32).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Suspected Crypto Kidnapping Mastermind Detained in Morocco. Joseph Ataman and Saskya Vandoorne. CNN.

https://amp.cnn.com/cnn/2025/06/04/europe/france-crypto-kidnappings-detained-intl

Circle Prices IPO Above Range, Valuing It at $6.8 Billion. The Stock Starts Trading Thursday. Paul R. La Monica. Barron’s (paid subscription required).

https://www.barrons.com/articles/circle-crcl-ipo-stock-ticker-price-usdc-81a10761

JPMorgan to Accept Crypto-Linked ETFs as Loan Collateral. Murtuza J. Merchant. Benzinga.

https://www.benzinga.com/crypto/cryptocurrency/25/06/45777944/jpmorgan-to-accept-crypto-linked-etfs-as-loan-collateral

HK to Expand Crypto Offerings with Derivatives Trading for Investors. Li Xiaoyun. China Daily.

https://www.chinadailyasia.com/hk/article/613250

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

A Trump-branded crypto wallet launches—then immediately gets disowned by Trump’s own sons (0:51). Meanwhile, a stealthy new cryptojacking campaign is quietly targeting the backbone of DevOps infrastructure (2:47), and Taiwanese exchange BitoPro is the latest victim in a growing wave of crypto hacks (4:23). Also: Ripple Labs makes a huge donation to expand police surveillance in San Francisco (5:51).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Is Trump Unveiling a Crypto Wallet? His Associates Say Yes. His Sons Say No. David Yaffe-Bellany and Eric Lipton. New York Times (free registration required, soft paywall).

https://www.nytimes.com/2025/06/03/technology/trump-crypto-wallet-sons-rift.html

Trump's Sons Distance Themselves from New Trump-Branded Crypto Venture. Lucien Bruggeman. ABC News.

https://abcnews.go.com/US/trumps-sons-distance-new-trump-branded-crypto-venture/story?id=122470346

DevOps Tools Under Siege: New Cryptojacking Campaign Exploits Misconfigurations to Mine Cryptocurrency. Tom Smith. DevOps.com.

https://devops.com/devops-tools-under-siege-new-cryptojacking-campaign-exploits-misconfigurations-to-mine-cryptocurrency/

Taiwanese Crypto Exchange BitoPro Confirms Estimated $11.5 Million Hack. Catherine McGrath. Fortune.

https://www.yahoo.com/news/taiwanese-crypto-exchange-bitopro-confirms-154536634.html

Crypto Billionaire’s Company, Nonprofit to Give Over $9M to S.F. Police for Surveillance Unit. Eleni Balakrishnan. Mission Local.

https://missionlocal.org/2025/06/sfpd-ripple-chris-larsen-donate-9m-surveillance/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

Coinbase faces mounting questions after it reportedly sat on news of a serious data breach for months (1:12). Robinhood closes its deal to acquire Bitstamp, signaling bigger crypto ambitions (2:35). Australia targets crypto ATMs after a spike in scams (3:50), and Singapore sets a strict deadline for unlicensed firms serving foreign clients (5:37).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Coinbase breach linked to customer data leak in India, sources say. Raphael Satter. Reuters.

https://ca.finance.yahoo.com/news/coinbase-breach-linked-customer-data-185752020.html

Robinhood Seals Bitstamp Acquisition, Marks Entry into Crypto Trading. Tareq Sikder. Finance Magnates.

https://www.financemagnates.com/cryptocurrency/robinhood-seals-bitstamp-acquisition-marks-entry-into-crypto-trading/

Crypto ATMs Increasingly Used for Scams and Money Laundering. Rhiana Whitson. ABC News (Australia).

https://amp.abc.net.au/article/105351504

Singapore Tightens Crypto Regulation with June 30 Exit Deadline. Moses K. The Market Periodical.

https://themarketperiodical.com/2025/06/02/singapore-tightens-crypto-regulation-with-june-30-exit-deadline/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

Why insurance companies are racing to offer kidnap and ransom coverage for high-net-worth investors (1:01), and how one alleged abduction case has rocked the NYPD (2:30). Plus, the SEC throws a wrench into the plans of two staking-linked ETFs (4:08), and South Korea completes its first legal Ethereum sale under new national rules (5:43).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

Insurance Companies Look to Cash in on Crypto-Kidnapping Fears. Kevin Collier and David Ingram. NBC News.

https://www.nbcnews.com/news/amp/rcna209179

NYPD Probing Whether Detectives Were Inside Townhouse During Alleged Crypto Torture. Marc Santia, Melissa Russo, Jonathan Dienst, and Jake Offenhartz. Associated Press and NBC New York.

https://www.nbcnewyork.com/manhattan/nypd-investigation-crypto-torture-detectives/6284057/

SEC Flags Concerns on Crypto ETFs Offering Staking Rewards. Loukia Gyftopoulou, Isabelle Lee, and Nicola M. White. Bloomberg.

https://finance.yahoo.com/news/sec-flags-concerns-crypto-etfs-180757218.html

World Vision Becomes First Korean Entity to Trade Crypto. Jin-Seong Kim. Edited by Sookyung Seo. Korea Economic Daily.

https://www.kedglobal.com/cryptocurrencies/newsView/ked202506010004

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

The SEC ends its high-profile lawsuit against Binance (1:04), clarifies its stance on staking (2:20), and signals a broader shift in regulatory strategy. Meanwhile, U.S. agencies take aim at the infrastructure behind crypto investment scams, targeting a sanctioned Philippine firm (3:50) and a multimillion-dollar pig butchering ring linked to two Chinese nationals (5:41).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

SEC Drops Binance Lawsuit, Ending One of Last Remaining Crypto Enforcement Actions. MacKenzie Sigalos. CNBC.

https://www.cnbc.com/2025/05/29/sec-drops-binance-lawsuit-ending-one-of-last-remaining-crypto-actions.html

Statement on Certain Protocol Staking Activities. Division of Corporate Finance. U.S. Securities and Exchange Commission.

https://www.sec.gov/newsroom/speeches-statements/statement-certain-protocol-staking-activities-052925

OFAC Sanctions Funnull Technology Inc. for Supporting Pig Butchering Scams. Chainalysis.

https://www.chainalysis.com/blog/ofac-sanctions-funnull-technology-pig-butchering-scams-may-2025/

Targeting a Major Backer of Virtual Currency Investment Scams. Tammy Bruce, Department Spokesperson. U.S. Department of State.

https://www.state.gov/targeting-a-major-backer-of-virtual-currency-investment-scams/

Treasury Takes Action Against Major Cyber Scam Facilitator. U.S. Department of the Treasury.

https://home.treasury.gov/news/press-releases/sb0149

Feds Target Chinese Couple Accused in $9 Million Crypto ‘Pig Butchering’ Scam. Trevor Hughes. USA Today.

https://www.usatoday.com/story/news/nation/2025/05/29/fbi-chinese-crypto-scam-pig-butchering/83905816007/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti

Vice President JD Vance speaks at Bitcoin 2025 (1:03), and the Trump administration revokes Biden-era restrictions on digital assets in retirement accounts (2:22). Also: new malware is turning Docker containers into Dero miners (4:09), and we look at Michigan’s audacious new crypto legislation, which, if enacted, would do everything from creating a state-backed Bitcoin investment strategy to using abandoned oil wells for mining (5:36).

This is your essential update on the forces shaping what’s next in money.

More on stories and articles mentioned or referenced in this episode:

At Las Vegas Bitcoin Event, VP Vance Urges Crypto Owners to Be Politically Active. Matthew Seeman. News 3, Las Vegas.

https://news3lv.com/news/local/vice-president-jd-vance-speaks-bitcoin-conference-las-vegas-cryptocurrency-event-nevada-politics-white-house-trump

Trump Withdraws Warning Against Cryptocurrency 401(k) Retirement Investing. Chris Benson. United Press International.

https://www.upi.com/amp/Top_News/US/2025/05/28/Trump-Labor-Department-cryptocurrency-401k-retirement-Chavez-DeRemer/1591748448371/

New Self-Spreading Malware Infects Docker Containers to Mine Dero Cryptocurrency. Ravie Lakshmanan. The Hacker News.

https://thehackernews.com/2025/05/new-self-spreading-malware-infects.html

Michigan Lawmakers Introduce Cryptocurrency Legislation. Trevor King. WLNS 6 News.

https://www.wlns.com/news/michigan-lawmakers-introduce-cryptocurrency-legislation/amp/

The music in this episode was composed by Liborio Conti, and you can find more of his fantastic work at his YouTube page: https://www.youtube.com/liborioconti