Chain Reaction - 10th June 2025
$5k transaction limits, $54bn in RWAs and more
Editor’s Note: Hello Chain Reaction readers! What a whirlwind of activity in the blockchain world this week! From podcasts featuring industry leaders to significant regulatory changes, there's plenty to digest.
It’s a public holiday for money, but if you get a chance to read this, do connect with the folks and projects mentioned below, or hit me up to learn more.
🎙️ Podcast Highlights:
Andrew Charlton on Crypto and AI: It was fantastic to see Andrew Charlton join Drew Bradford from JellyC for an insightful podcast. Check it out here: https://www.linkedin.com/posts/drew-g-bradford_dr-andrew-charlton-mp-crypto-ai-the-future-activity-7335462132420890624-jx63?utm_source=share&utm_medium=member_desktop&utm_id=activity-7335462132420890624-jx63
Redbelly Network's Latest Insights: Redbelly Network has been busy! They achieved impressive results with their partners, Blubird, raising $2.5 million from investors. Learn more about it here: https://x.com/ValereumPLC/status/1929786605234991269.
On-Chain Value: Redbelly is also getting more value on-chain, with a staggering $54 billion in play! Details can be found here: https://x.com/blubird_app/status/1930371289031815565.
Insights Podcast: Don't miss their latest episode featuring Nick Crofts of Fireblocks. Find Redbelly's post about it here: https://x.com/RedbellyNetwork/status/1930414348117389735, and watch the full video on YouTube:
FEX Global Insights: The FEX Global Insights podcast featured Kaiko's Adam Morgan McCarthy this week. Catch the highlights here: https://www.linkedin.com/feed/update/urn:li:activity:7336211127594299392/ and dive into some hard truths about crypto here: https://x.com/CaptDeFi/status/1931276623871185091. The full video is available here:
📉 Regulatory Developments:
AUSTRAC's New Rules: In a significant move, AUSTRAC has implemented a $5,000 limit on crypto ATM transactions to combat scams, especially targeting the older demographic. Read more about this regulation and its implications here: https://www.abc.net.au/news/2025-06-03/austrac-cracks-down-on-cryptocurrency-atm-scam-fraud-links/105351504.
📈 Market News:
Bitcoin Surge: Bitcoin's price has skyrocketed above $105,000, driven by institutional interest and ETF optimism. Analysts are predicting it might reach $137,000 by 2025! Catch the full scoop here: https://crypto-newsmedia.com/bitcoin-ethereum-xrp-dogecoin-surge-in-june-2025-rally-key-drivers-behind-the-crypto-comeback/.
Real Estate Investment Trend: Crypto investors are channeling their profits into high-end real estate, with one estate listed for sale that was originally bought for $5.025 million. Learn more about this trend here: https://www.couriermail.com.au/real-estate/queensland/gold-coast/dreamworld-founders-hinterland-retreat-hits-the-market/news-story/fd3144e14243b1fe73f4dd7d0f3df874.
Coinbase's Call for Balanced Regulation: Coinbase Australia's Managing Director, John O'Loghlen, has voiced concerns regarding Australia’s stringent crypto regulations. He advocates for a more balanced approach to foster innovation. Read his thoughts here: https://www.theaustralian.com.au/business/financial-services/crypto-sector-lobbies-for-political-support-as-sector-weighs-up-response-to-asic-regulation/news-story/897ef4dd5771d8d3b5f6c6441d292529.
🌟 Community News:
Exciting Developments on Redbelly: Great news for Redbelly Network as MetaWealth, which is tokenizing property in Rome, has received a major investment. Check out the details here: https://x.com/Cointelegraph/status/1930574290916663695.
Congrats to Legal Eagles: A round of applause for Stephen Pettigrove and Michael Bacina, who have published a new book that’s sure to be a hit in the crypto legal space! https://www.linkedin.com/feed/update/urn:li:activity:7335911467734446081/
🌍 Global Perspectives:
Etherealize Presents to Congress: Over in the US, Etherealize has made headlines by presenting to Congress on the benefits of blockchain. Read about it here: https://x.com/VivekVentures/status/1930592207469261216.
That’s a wrap for this week! Keep innovating, stay informed, and let’s continue to shape the future of blockchain together. Until next time!