Hope you've already left all your work behind and are getting ready for the weekend. We'd love to be part of your rest with our digest.
Top Gainers and Losers
- Kaia jumped by 47.66% over the past week, reaching $0.1559 per token.
- AB followed a similar trend, growing to $0.01226.
- SPX6900 made its holders happy, adding $24.12 in value and now trading at $1.39.
The top 3 losers of the week lined up like steps – each one dropping a bit more than the last:
- Sonic fell 14.5%, landing at $0.3187.
- Celestia dropped 13.14% and now trades at $1.77.
- Jupiter slid down by 12.66%, with its new price at $0.4013.
And now, let's move on to our news.
Crypto Meme of the Week
American Mining, the firm owned by Trump’s sons, mined 215 BTC
Eric and Donald Jr. Trump's firm mined at least 215 BTC, worth nearly $24 million. American Bitcoin is a subsidiary of Bitcoin miner Hut 8 Corp. and Trump-led data firm American Data Centers. It was created in April.
In the filing with the U.S. Securities and Exchange Commission, the firm noted its priority is building "efficient operations to produce Bitcoin below market cost" that will fund continued Bitcoin treasury purchases and "ecosystem leadership" efforts – three "distinct layers" of operation.
Brothers are big Bitcoin evangelists. At the Bitcoin 2025 conference, they stated that they believe in Bitcoin reaching $ 170,000 by the end of next year.
Eric noted that he has begun encountering more and more institutions that are developing a Bitcoin treasury strategy, including "royal families" and "private offices":
"And this isn't just in America. This is, you know, the entire Middle East. This is Africa. This is all of Asia. Everybody wants it."
The firm expects to go public in the second half of the year through a merger with Gryphon Digital Mining. Moreover, it's gonna trade on the Nasdaq under the ticker symbol ABTC.
AI is approaching superintelligence – Sam Altman
CEO of OpenAI, Sam Altman, published a new essay called "The Gentle Singularity”. He said that AI is already smarter than any person ever living in the world. He considers that it has already crossed an "event horizon", a point of no return, beyond which the course of the object, in this case, an AI, cannot be changed.
wrote a new post, the gentle singularity.
— Sam Altman (@sama) June 10, 2025
realized it may be the last one like this i write with no AI help at all.
(proud to have written "From a relativistic perspective, the singularity happens bit by bit, and the merge happens slowly" the old-fashioned way)
"Gentle singularity" is a gradual, manageable transition toward powerful digital superintelligence, not a sudden change. The singularity itself refers to a theoretical point at which artificial intelligence surpasses human intelligence, leading to rapid and unpredictable technological growth and potentially profound changes in society.
ChatGPT has shown unprecedented popularity and a surge in popularity among people. For now, 800 million people use it. Considering that approximately 5.16 billion people worldwide have internet access, this means that around 15% of all internet users actively use ChatGPT.
Altman makes such predictions for the next 5 years:
"2025 has seen the arrival of agents that can do real cognitive work; writing computer code will never be the same. 2026 will likely see the arrival of systems that can figure out novel insights. 2027 may see the arrival of robots that can do tasks in the real world. By 2030, both intelligence and the capacity to generate and act on ideas will be widely available."
UK investors get a chance to recover crypto from bankrupt firms
Everyone knows cases where someone invested in something that later went bankrupt. (Hopefully, you weren't personally affected.) In the UK, a professional will now be appointed to help recover crypto assets from bankrupt companies.
The UK Insolvency Service has hired Andrew Small, a former police investigator with a background in economic crime.
His main role will be based on his knowledge about the types of cryptocurrencies available and the associated technology used to buy, sell, and store them. Among those assets can be anything from Bitcoin and Ether to memecoins like Dogecoin and non-fungible token artworks.
In the UK, crypto-related crimes increased by 420% compared to the previous year. The estimated value of crypto assets identified in insolvency cases has increased 364 times to £523,580 ($709,500) over the same time frame. He will try to recover as much money as possible.
In November 2024, 12% of UK adults owned crypto, according to a study from the UK's Financial Conduct Authority. There is a significant increase from the 4% reported in 2021. They hold an average value of up to £ 1,842 ($2,496).
The UK has taken the regulation of the crypto industry seriously. Now, UK crypto companies are obliged to collect and report every customer transaction. Specifically, the user's full name, home address, and tax identification number, the cryptocurrency used, and the amount moved.
Is the Metaverse back?
The VR game Verse World secured enormous funding by launching on Pump.fun. The token surged to $112.8M and then retraced to $54M.
Verse World is a virtual reality metaverse game that allows users to communicate, attend events, and explore a hyper-realistic digital world using avatars and VR headsets.
The token was launched via Solana's Pump.fun launchpad. According to Verse World's official X account, 45% of the token supply has been bought up for community rewards, 15% is allocated to the team and advisors, and 14% is for the project's treasury.
Introducing Verseworld
— Verse World (@VerseWorld) June 4, 2024
After over two years of development, numerous blue-chip companies as clients and backing from video games and web3.0 industry leaders, we've built the world's most hyper-realistic VR Metaverse.
We are now opening it to the public 👇🧵 pic.twitter.com/chTHcD7ApO
Verse World attracted most of its hype in 2022, with several videos of influencers testing the product going viral, including the likes of content creators SteveWillDoIt and Gary Vaynerchuk.
By 2024, the game was ready for a public launch branded as "the world's most hyper-realistic VR metaverse."
The project's pseudonymous founder, Micka Verse, stated in the Verse World Discord that the community tokens will be linearly unlocked over a five-year period. Team and advisors will be unlocked with a one-year cliff and a one-year vesting period, he said. The treasury will be community-voted.
Abimbola Adu
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