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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
06/21/2025

Hot Topics You Can't Miss from the Mid-June 2025 Web3 Market Week

During the week of mid-June 2025, the global Web3 ecosystem witnessed a wave of major events spanning legislation, geopolitics, high-profile figures, airdrop trends, and core blockchain infrastructure issues. Below is a roundup of the highlights that no Web3 investor should overlook. 01. The GENIUS Act and the Global Stablecoin Race On June 17, the U.S. Senate officially passed the GENIUS Act — a landmark shift in the regulatory framework for stablecoins, laying the groundwork for the U.S. to become th

Hot Topics You Can't Miss from the Mid-June 2025 Web3 Market Week

During the week of mid-June 2025, the global Web3 ecosystem witnessed a wave of major events spanning legislation, geopolitics, high-profile figures, airdrop trends, and core blockchain infrastructure issues. Below is a roundup of the highlights that no Web3 investor should overlook.

01. The GENIUS Act and the Global Stablecoin Race

On June 17, the U.S. Senate officially passed the GENIUS Act — a landmark shift in the regulatory framework for stablecoins, laying the groundwork for the U.S. to become the global hub for lawful digital asset issuance. Meanwhile, Hong Kong is keeping pace with its own stablecoin regulations taking effect August 1, 2025, with a focus on B2B applications. Notably, Tether could become the "first casualty" of the GENIUS Act for failing to meet the 1:1 reserve asset requirement.

References:

  • "GENIUS Passes: Is the U.S. About to Become a Crypto Capital?"
  • "America and China's Diverging Paths in the Stablecoin Race"

02. Pump.fun Drama: Has MemeFi Lost the Community's Trust?

Meme launchpad sensation Pump.fun had its official X (Twitter) account — along with that of founder Alon — suspended, sending shockwaves through the community. While some celebrated, on-chain analysis revealed millions of dollars worth of SOL being dumped to Kraken, raising serious questions about price manipulation. Despite a $70B FDV valuation and plans to raise $1B, the market is beginning to question the project's real value.

References:

  • "Pump.fun Suspended: Whales Exit, Is a Bull Return Incoming?"
  • "Is a $70B FDV Even Justified?"

03. Potential Airdrop Watchlist for H2 2025

Foresight News released a list of 60+ projects with airdrop potential in the second half of 2025, covering L1s, L2s, DePIN, DeFi, social networks, wallets, and CEXs. This is a must-have treasure map for serious airdrop hunters.

References:

  • "Airdrops 2025: Top 60+ Potential Projects for H2"

04. Cyberwarfare: Israel Attacks Iranian Exchange

ZachXBT confirmed: Israeli hackers stole over $81 million in digital assets from the Nobitex exchange (Iran). The physical conflict between Israel and Iran is now spilling into the digital realm, bringing attacks on blockchain infrastructure and decentralized finance along with it.

References:

  • "Israel-Iran Cyberwar: When Crypto Becomes a Weapon"

05. MEV — Profit for Bots, Burden for the Network

A new report from Flashbots reveals that on Base, over 50% of block space is consumed by MEV bots, driving up transaction fees, distorting price discovery mechanisms, and neutralizing scalability gains. The proposed fix is a restructuring of the blockspace auction process.

References:

  • "Is MEV Killing the Future of Blockchain Scalability?"

06. Pavel Durov — Telegram's Creator and a Will for 100 Children

In a rare, wide-ranging interview with Le Point (France), Pavel Durov dropped a series of bombshells:

  • He has written a will dividing his assets among 6 biological children and over 100 children conceived through sperm donation.
  • He lives minimally, doing 300 push-ups and squats every morning, and avoids alcohol, coffee, and sugar.
  • France has barred him from leaving the country amid a Telegram investigation, but he refuses to engage in any political cooperation.
  • He insists Telegram is "an expense, not a revenue source," and lives off Bitcoin investments made in 2013.

References:

  • "DNA Airdrop: Telegram's Heirs and the Legacy of Freedom"

07. X (Twitter) Officially Goes Super App

X is steadily following WeChat's playbook: integrating payments, trading, AI investment advisory (Grok), and a credit card. CEO Linda Yaccarino confirmed that trading features are coming soon, with X Money at the center, launching first in the U.S. Visa is the first partner in this new financial ecosystem.

References:

  • "X: From Social Network to Finance-Social-AI Super App"

08. Arthur Hayes Warns: The Window of Opportunity for Stablecoins Is Closing

The BitMEX founder argues that Circle (CRCL) is overvalued and that investors should treat upcoming stablecoin IPOs like a game of hot potato. While he stops short of recommending an early short due to FOMO dynamics and new-legislation expectations, he maintains that most projects will fail for lack of a distribution channel.

References:

  • "Arthur Hayes: Don't Be the Sucker in the Stablecoin IPO Frenzy"

Wrap-up:
The mid-June week saw the collision of law, war, finance, and culture inside the Web3 world. From the GENIUS Act to Pavel Durov's DNA Airdrop, from Pump.fun to X's "WeChat moment" — each piece is slowly assembling a more complete Web3, one that connects users, infrastructure, and global capital flows.