The crypto world burst this week with a IPO of Circle at the brief fear of $ 100,000 in Bitcoin and to a lively controversy linked to the Trump portfolio; The market has been the subject of action. Here is an overview of what happened this week in crypto;
The best stories this week
Circle Ipo Hits Market, wins 168% during the beginnings
Circle, the USDC transmitter Stablecoin, electrified markets with its beginnings in Nyse. He increased by 168% compared to his $ 31 IPO to end at $ 83 on the first day. The supply of $ 1.06 billion, targeting an evaluation of $ 7.2 billion, sparked heavy institutional interests, BlackRock would have watched a 10% stake in the company. However, market analysts have become skeptical about its sustainability, with them warning investors not to invest in Circle shares.
Bitcoin dropped $ 100,000 after Trump-Elon quarrel
The stormy quarrel between President Trump and Elon Musk on a draft bill shook the cryptographic markets on June 6, Bitcoin taking a gross blow and plunging $ 100,000 for the first time in almost a month. The decrease of 3% caused a strong destruction on the cryptography market, with millions of people liquidated in long positions. However, the BTC quickly rebounded at $ 105,000, reinforced by strong purchase support and increasing institutional adoption.
Trump Wallet arouses controversy because the Trump family denies their participation
The announcement of a Trump brand cryptocurrency portfolio, nicknamed “$ Trump Wallet”, triggered a controversial storm this week while Donald Trump Jr., Eric Trump and Barron Trump publicly disavowed any involvement. Promoted by Magic Eden and the developers linked to an entity linked to the Trump organization as “the first and the only cryptographic portfolio supported by President Trump”, the project immediately pulled out the Trump family. The dispute caused market confusion while reflecting the sensitivity of cryptography to political accounts.
South Poland and Korea elect Pro-Bitcoin presidents
During a historic week for cryptocurrency, Poland and South Korea have elected presidents with pro-bit positions, signaling a world change towards cryptographic friendly policies. Poland Karol Nawrocki, a nationalist historian supported by the Law and Justice party, won a closely disputed presidential election on June 1, 2025, with 50.9% of the vote.
During his stay in South Korea, Lee Jae-Myung, on the left, obtained the presidency on June 3, 2025, promising to legalize the Bitcoin Spot ETF, to facilitate cryptographic regulations and to explore a digital asset fund supported by the state. The election of these two Bitcoin defenders has renewed enthusiasm for this political wind, users noting the accelerated adoption potential of Bitcoin.
ETHEREUM ETFES exceeds Bitcoin inputs for the second week
The American funds on the funds negotiated on the stock market (ETF) with the United States surpassed its Bitcoin counterparts for the second consecutive week, attracting significant entries in the midst of market volatility. On June 6, ETHEREUM ETFE recorded $ 25.22 million in net entries, contributing to a 15 -day sequence totaling $ 3.32 billion in cumulative net entrance since their launch in July 2024, with Etha de Blackrock leading to an increase of 45%. Meanwhile, the FNB Bitcoin saw $ 326.26 million by Thursday and Friday, largely by the Trump-Musk quarrel.
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Buzz of the week
The chatter of the market in the cryptographic community has bugged around Pumpfun, the Launchpad Memecoin, based in Solana, with its potential plans to collect $ 1 billion thanks to the sale of pump tolands to an evaluation of $ 4 billion.
The ambitious presale, aimed at extending the ecosystem of the platform coin, attracted polarized reactions: some have greeted it as a change of play for Solana’s growth, while others criticized it as a cash seizure, citing 99.99% of users losing money on the platform.
The best winners and losers this week
| Winners | Losers |
| AB (AB): + 27% | Dexe (Dexe): -26% |
| Heaven (sky): + 12% | Ray (Raydium): -14% |
| SPX (SPX6900): + 9% | JUP (Jupiter): -13% |
| TRX (Tron): + 7% | Virtual (virtual protocol): -12% |
| ENA (Ethena): + 6% | TAO (bittensor): -12% |
What to expect for next week?
The cryptography market is ready for a dynamic week after the whirlwind of the first week of May, with record reserves of Bitcoin at the end of the traction of Ethereum. The Trump-Musk fight can feed sales on the market, but regulatory developments, such as the Act on Engineering (Stablecoin bill), could stimulate global optimism on the market. The current feeling prudently optimistic, with American economic indicators and pro-Crypto global policies in Poland and South Korea as key catalysts.
