Upbit 24-hour Trading Volume Ranking: WCT, POKT, XRP Take Top Three

On June 3rd, as per Cointelegraph, Ripple's USD stablecoin RLUSD has received approval from the Dubai Financial Services Authority (DFSA) and is recognized as an official cryptocurrency. It can be utilized within the Dubai International Financial Center (DIFC).

On June 3rd, as monitored by Onchain Lens, a wallet associated with the Solayer team transferred 4.15 million LAYER tokens into Binance, with a value of $3.54 million.

On June 3rd, as per official channels, Europe's inaugural Bitcoin reserve firm, The Blockchain Group, declared that it has put in 60.2 million euros (roughly 68.77 million US dollars) to secure 624 bitcoins and currently holds a total of 1471 bitcoins.

On June 3rd, during the inaugural Reagan National Economic Forum held in California, Jamie Dimon, the CEO of JPMorgan Chase, put forward a startling proposition: the United States should stockpile firearms, ammunition, and drones instead of Bitcoin. "We should be hoarding guns, bullets, fighter jets, drones, and rare earth resources. We all know that we have to do this; there is no controversy about it." Dimon mentioned the executive order signed by Trump in March to establish a Bitcoin reserve during his speech. This banking giant has always been known for its opposition to cryptocurrency (although JPMorgan Chase now allows customers to trade cryptocurrency). This stance is not surprising - the concept of sovereign currency and financial democratization is fundamentally at odds with the banking industry's rent-seeking model of "just give us your money for safekeeping." Dimon also raised a startling point: the true "domestic enemy" of the United States is eroding its global leadersh

On June 3rd, as per CoinDesk, Coinbase has submitted an application to a U.S. federal court to assume the lawsuit that the state of Oregon filed against it for allegedly selling unregistered securities. It claims that the state is improperly interfering with federal efforts to clarify digital asset regulation. Coinbase considers the lawsuit initiated by Oregon Attorney General Dan Rayfield in April of this year to be an act of overstepping. The lawsuit aims to establish a "patchwork" regulatory system that directly conflicts with the regulatory framework being jointly developed at the federal level across party lines.

On June 3rd, as per Cointelegraph, the Norwegian cryptocurrency exchange Norwegian Block Exchange (NBX) announced the initiation of a Bitcoin Reserve Plan. On June 2nd, its stock price surged by over 138% in a single day. NBX stated that it has purchased 6 bitcoins (approximately $633,700) and intends to expand its holdings to 10 bitcoins within this month. Additionally, the company is actively seeking funds to further augment its Bitcoin holdings. NBX plans to utilize these bitcoins as collateral to issue the stablecoin USDM on the Cardano blockchain and achieve yield growth through the Cardano ecosystem. The company also disclosed that its board of directors is exploring the introduction of Bitcoin-backed loan services in order to advance its goal of becoming a digital asset bank.