From Stripe acquisition of startup Privy to Cetus Protocol restart , here is a roundup of the top crypto stories you may have missed.
Stripe Acquires Web3 Startup Privy
Payment services provider Stripe announced its acquisition of Privy, a startup that provides white-label onboarding and wallet services for crypto developers.
Founded in around 2021, Privy has scaled, supporting 75 million wallets across 1,000 applications, up from 50 million in March. The company has raised $40 million in funding, with backing from investors including Paradigm and Sequoia.
Singapore Crackdowns Unlicensed Crypto Firm
The Monetary Authority of Singapore (MAS) issued a final directive requiring crypto firms based in the country and offering offshore services to cease operations by June 30, 2025, prompting major unlicensed exchanges such as Bitget and Bybit to plan their exit.
Both firms, among the top 10 globally by trading volume, are now said to be reorganizing operations.
Bitget is relocating staff to hubs like Dubai and Hong Kong, while Bybit is considering similar moves, according to sources familiar with the matter.
MAS’s firm stance includes no grace period and warns that future licensing will only be granted under “extremely limited” circumstances.
EveryX Exclusive Private Launch Set on End June
Organized by IMPACT co-founder Steve “Icesteam” Jimenez and Hayate Matsuzaki of GENSO Metaworld, EveryX is set to host its private launch event on June 27, 2025, in Quezon City.
The event seeks to bringing together key opinion leaders, community members, and early supporters for a night of networking, entertainment, and alpha sharing.
It also promises a lively atmosphere with a dinner buffet, drinks, fun games, exclusive merch, and activities like billiards and bowling. Attendees can expect acoustic performances, a live DJ, and “Forecast Alpha Sessions” covering diverse topics such as sports, crypto, politics, and more.
EveryX is a prediction market platform that allows users to forecast real-world events and trade based on those predictions
Cetus Protocol Relaunch After $230M Hack
Sui-based decentralized exchange Cetus Protocol officially relaunched on June 8, 2025, nearly two weeks after suffering a more than $200 million exploit that disrupted the network’s DeFi ecosystem.
The relaunch follows a community-approved recovery plan, with 85% to 99% of liquidity restored across most affected pools. The attacker exploited a vulnerability in the protocol’s Concentrated Liquidity Market Maker, draining assets including $SUI and $USDC.
Sui validators helped freeze over $160 million of the stolen funds shortly after the May 22 attack. A community vote later approved the full return of recovered assets to affected users, enabling Cetus to move forward with platform restoration.
Argentine President Cleared in LIBRA Memecoin Controversy
Argentine President Javier Milei has been cleared of any wrongdoing related to his February 2025 promotion of the Solana-based memecoin $LIBRA, according to a Friday resolution from the country’s anti-corruption office, as reported by local publication Buenos Aires Herald.
The office ruled that Milei was acting “as an economist and not a public official” when he shared news of the token on X, using a personal account established prior to his political career.
Milei’s endorsement briefly propelled $LIBRA to a $4.5 billion market cap before a sharp 90% crash, which followed his deletion of the post and a statement that he was unaware of the project’s full details.
The controversy deepened after leaked messages revealed $LIBRA co-creator Hayden Davis claimed to have sway over the president through payments to Karina Milei, the president’s sister and a key figure in his administration.
This article is published on BitPinas: Crypto News You May Have Missed This Week | June 14, 2025
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