SINGAPORE, June 6 (Reuters) - Bitcoin stabilised above $25,000 on Tuesday after a steep dive overnight, as investors grappled with news that the U.S. securities regulator sued crypto exchange Binance, dealing a severe blow to the industry. Bitcoin , the world's largest cryptocurrency, was last at $25,797, up 0.2% in Asian trade on Tuesday, pinned near a more than two-month low. The U.S. Securities and Exchange Commission on Monday sued Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao for secretly controlling Binance.US as part of a "web of deception" to evade U.S. laws, among other charges. "It's another blow to the crypto industry and the crypto exchanges of the world," said Tony Sycamore, market analyst at IG Markets. Reporting by Rae Wee in Singapore and Kevin Buckland in Tokyo; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

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Persons: Binance, Changpeng Zhao, Tony Sycamore, cyptocurrency, Wayne Huang, Rae Wee, Kevin Buckland, Sonali Paul Organizations: U.S . Securities, Exchange Commission, Monday, IG Markets, SEC, Reuters, XREX Inc, Thomson Locations: SINGAPORE, Asia, Singapore, Tokyo