- Bitcoin Pepe aims to combine the security of the Bitcoin network with Solana-like scalability.
- So far, the crypto project’s presale has attracted more than $14 million in funding.
- The project is expected to make a listing announcement on June 17.
Bitcoin surged to its highest level this month on Monday, breaking above $110,000 and reversing last week’s losses to trade just 2% below its May all-time high.
As of Tuesday, the world’s largest cryptocurrency had climbed 3.4% over the previous 24 hours, turning a steady advance into a sharp rally. Ethereum also saw strong gains, rising 7% to trade above $2,620.
Notably, the rally unfolded even as US equities remained muted, with the S&P 500 and Nasdaq both trading flat.
Bitcoin is showing signs of a major rebound as global efforts to establish clearer regulatory frameworks for digital assets gain momentum.
In this improving regulatory climate, retail investors are increasingly pivoting toward high-upside tokens such as Bitcoin Pepe, which is now in the final stretch of its presale.
Speculative capital continues to flow into early-stage crypto projects, with traders seeking momentum-driven plays that offer the potential for outsized returns.
South Korean lawmaker introduces new crypto bill
A South Korean lawmaker introduced a new bill on Tuesday aimed at strengthening the country’s regulatory framework for digital assets, including the establishment of a licensing regime for stablecoin issuers.
Min Byeong-deok, a member of the ruling Democratic Party, announced the legislation, titled the Digital Asset Basic Act, at a press conference, positioning it as a foundational measure to help South Korea lead in the global digital economy.
The bill builds on the Virtual Asset Investor Protection Act, which came into force in July 2024 and primarily focused on safeguarding investors.
The new proposal shifts focus toward creating a structured ecosystem by setting out clearer operational guidelines for participants in the crypto market.
One of the central features of the legislation is a mandatory licensing framework for stablecoin issuers.
Under the proposal, issuers would need to maintain a minimum of 500 million Korean won (approximately $367,890) in owners’ capital to qualify for a license.
This initiative is in line with President Lee Jae-myung’s campaign pledge to promote a won-denominated stablecoin market as a way to stem capital outflows linked to foreign currency-pegged stablecoins.
Bitcoin Pepe’s presale shows no signs of slowing
As the regulatory climate around digital assets improves, it could bring much-needed visibility and legitimacy to the broader meme coin market, shifting perceptions of such tokens from instruments of pure speculation to structured, investment-grade assets operating under regulatory oversight.
This credibility boost stands to directly benefit technically focused projects like Bitcoin Pepe, which aim to separate themselves from the hype-driven pack.
Positioned as the first meme-centric Layer 2 built on Bitcoin, Bitcoin Pepe combines the security of the Bitcoin network with the scalability of Solana-style architecture.
Its goal to “build Solana on Bitcoin” underscores an ambitious technical roadmap that goes beyond the typical meme coin narrative.
By fusing cultural relevance with infrastructure-level innovation, the project is carving out a distinct position in an increasingly saturated sector.
So far, the presale has attracted more than $14 million in funding, with the BPEP token currently priced at 0.0396.
To strengthen its Layer 2 ecosystem, Bitcoin Pepe has also secured several strategic partnerships with various projects, including Super Meme, GemuPlay, GETE Network, Catamoto, and Plena Finance.
