Crypto Market Update: ECB Rate Cut, Plume Network Live, XRP, and More

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.

ECB Cuts Rates Again—Cryptocurrency Feels the Vibes

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 Skyrockets 130% in One Day!

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.

Hong Kong Says Yes to Crypto Futures—Traders Celebrate

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 Drops as Ripple Denies Circle Buy Rumors

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 Mainnet Goes Live With Real Assets

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.

Conclusion

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.