There was a lot going on in crypto today, and it’s important to stay informed on these developments. From multi-million dollar decisions in Europe to crazy price movements like Lagrange gaining 130% in a day, the market definitely didn’t play nice.
XRP is down again, Hong Kong is increasing its new crypto trading options, there was a new network called Plume that just went live focusing on real-world assets. Don’t panic if this all sounds a lot—Here is your complete crypto market update 5 June 2025.
On June 5, the European Central Bank cut interest rates by 0.25% across the board. It's the 8th rate cut in a row! Now, the deposit rate is 2.00%. This move comes as inflation cools down in Europe. Lower rates can lead to more spending and borrowing—which often pushes more money into risky assets. Traders are now asking whether ECB rate cut cryptocurrency impact is for long term or neutralized soon.
Lagrange token price surge shocked investors with a 130% price jump in just 24 hours—rising from $0.52 to $1.29, now sitting around $1.22. This huge rally came after its listing and rising buzz around its use in AI and crypto tech. Short term, $1.50 looks possible again, and long-term could touch $3.5—if the team keeps up the good news and partnerships.
Big news from Hong Kong! The SFC (Securities and Futures Commission) said it will allow Hong Kong crypto derivatives trading soon. These are tools that let traders bet on altcoin prices without owning coins. This is important because it gives more trading options and better risk control. The move could boost its adoption in Hong Kong, especially among pros. Major firms like Deribit had been waiting for this green light, and now the industry is welcoming the decision with open arms.
XRP price is falling again , now priced at $2.20, down 2.4% in 24 hours, as per CoinMarketCap. The drop came after wild rumors that Ripple might buy Circle—the company behind USDC. But Ripple’s CEO said it’s not true. Their CTO joked about a $6 billion deal online but later deleted the post. That joke turned into confusion, and the market didn’t take it well. As a result, XRP traders lost confidence, and the price dipped further during an already weak trading week.
Plume Network just launched its mainnet, and it’s built to bring real-world assets (RWAs) like real estate or gold onto the blockchain. Over $150 million worth of assets were tested during the Alpha phase. Now live, the network will let these RWAs work easily with DeFi tools. More than 200 projects—like Curve and Morpho—are already building here.
Big updates like cheaper money in Europe, Lagrange’s price pump, and Hong Kong opening up new ways to trade are shaping the future. Even jokes can crash coins, like we saw with XRP! Plume is now connecting cryptocurrency to real-world stuff, which is a big step. Today’s updates clearly show that market shift too fast in cryptocurrency, so always do your own research before making any investment decision.
Sara Sethiya is an experienced crypto journalist with five years of experience in blockchain research, price movements, and market analysis. With a background in mass communication and journalism, she specializes in data-driven news articles, in-depth market reports, and SEO-optimized content. As a team lead and content writer at CoinGabbar, she examines on-chain metrics, evaluates liquidity trends, and analyzes tokenomics to uncover market patterns. Her analytical approach helps traders and investors interpret market shifts, identify potential opportunities, and understand the broader impact of blockchain innovations on the financial ecosystem.
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