What’s Moving In Crypto Today? June 2025

[Forum Admin]

What’s Moving In Crypto Today? June 2025

 
Ripple Expands Utility Through Dubai Real Estate
The Dubai Land Department has launched the Prypco Mint platform, enabling fractional ownership of real estate through tokenized title deeds on the XRP Ledger. This initiative, in collaboration with Ripple and infrastructure provider Ctrl Alt, aims to tokenize 7% of Dubai's real estate market, valued at approximately $16 billion, by 2033.

BTC ETF Sees Outflow After 34-Day Win Streak
BlackRock's iShares Bitcoin Trust (IBIT) experienced its largest single-day outflow of $430.8 million on May 30, breaking a 34-day streak of inflows. Despite this, IBIT remains one of the top-performing ETFs, with assets under management exceeding $70 billion. Analysts suggest the outflow may be due to profit-taking and portfolio rebalancing.

Rex Shares Files for ETH & SOL Staking ETFs
Rex Shares has submitted filings for Ethereum (ETH) and Solana (SOL) staking exchange-traded funds (ETFs) in the United States. If approved, these would be the first ETFs to offer exposure to staking rewards, allowing participants to earn yields from Proof-of-Stake assets without directly holding the underlying cryptocurrencies.


Global Crypto Developments

• Australia has introduced new regulations treating crypto ATMs akin to traditional banking services.
  
• The UK's Financial Conduct Authority has registered Blackfridge's pound-backed stablecoin tGBP, marking a significant step in integrating GBP into the regulated digital asset ecosystem.
  
• Cryptocurrency industry advocates are pressing the U.S. Senate to pass stablecoin legislation without extended debate.
  
• The Bank of Italy has stated that the forthcoming digital euro will not mitigate the broader risks associated with cryptocurrencies.
  
• Shares of the Norwegian Block Exchange (NBX) rose significantly after the company announced plans to add Bitcoin to its balance sheet.
  

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Trump and Musk Feud Sparks BTC Liquidations
A public fallout between Donald Trump and Elon Musk sparked a sudden drop in BTC price, which in turn triggered a cascade of long liquidations and a sharp reset in open interest, wiping out overleveraged positions across derivatives markets. Despite recent price weakness, on-chain data remains constructive, as Bitcoin’s hash ribbons have just flashed their third buy signal of 2025.

Circle’s IPO Surges as USDC Issuer Hits NYSE
Circle, the issuer of the USDC stablecoin, officially listed on the NYSE under the ticker CRCL this week. The IPO was significantly upsized before opening and surged 167% in early trading. The listing makes Circle one of the biggest crypto companies to go public. It’s now seen as more than just a stablecoin issuer, playing a bigger role in Web3 and fintech payments.

New Fed Vice-Chair Backed by Crypto Ally
Michelle Bowman was confirmed this week as Vice Chair for Supervision at the U.S. Federal Reserve. The vote was praised by Senator Cynthia Lummis, who called it a “turning point” for digital asset regulation. Advocates view her confirmation as an opportunity to shift the Fed toward a more open stance on digital assets and stablecoins.

Global Crypto Developments

• Romania’s national postal service installed its first Bitcoin ATM.
  
• The California State Assembly has advanced a bill that would allow state agencies to accept crypto for payment, which will now head to the Senate.
  
• Kyrgyzstan passed legislation that positions it as Central Asia’s leading crypto hub, with clear licensing for exchanges and miners.
  
• Pakistan’s government has announced plans to create a national Bitcoin reserve.
  

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Spot ETH ETFs See 15-Day Inflow Streak.
Spot Ether ETFs have attracted $837.5M over a 15-day streak since May 16, making up 25% of all net inflows since launch. Daily inflows remain strong, with $25.3M added on June 6 alone. Ether is up around 7% in the past month, now trading near $2,600. BlackRock has accumulated over 3.7 million ETH, and institutional momentum is growing, with Ether futures trading activity increasing and ETF options now available.

Tether to Open-Source Its Bitcoin Mining OS
Stablecoin giant Tether will release its modular Mining OS (MOS) under an open-source license by the end of Q4 2025. CEO Paolo Ardoino says the move will slash entry costs for smaller miners and “unleash a horde of new hash-power,” reinforcing network security while keeping the company firmly private (no IPO plans for now).

Ripple Allocates $5M for APAC Crypto Research.
Ripple has pledged $5 million through its University Blockchain Research Initiative to fund cryptocurrency and blockchain research at universities across the APAC region. The funds have been distributed to institutions in Taiwan, Australia ($1.3M to ANU and Victoria University), South Korea, Japan, and Singapore, supporting projects such as NTU Singapore's AI agent network on the XRP Ledger and Taiwan's NKUST's exploration of RWA tokenization on XRPL.

Global Crypto Developments

• Hong Kong is piloting cross-chain CBDC settlement using Chainlink’s CCIP with Visa, ANZ, and Fidelity onboard.
  
• The EU has confirmed DeFi regulations will be introduced in mid-2026, ruling out a second version of MiCA (Markets in Crypto-Assets Regulation) for now.
  
• Switzerland has launched automatic crypto data sharing with 74 countries to align with international tax standards.
  
• South Korea’s stablecoin push gains ground with KAIA-Won pegged assets targeting retail payments and stock-linked utility.
  

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Mideast Strikes Rattle Bitcoin
Israel’s overnight strikes on Iran jolted global markets, knocking Bitcoin from $106K to near $102K in under two hours as traders dumped risk assets and rushed into gold. Data shows $1.1B of leveraged longs were wiped out quickly, though analysts expect a technical rebound if geopolitical tensions cool.

Solana Futures Surge on ETF Hopes
Open interest in Solana futures has surged past $7.4 billion, the highest since 2023, as whispers from ETFs ignite fresh leverage from retail and professional traders. Markets are eyeing a potential U.S. spot product by July, yet on-chain usage is slowing, raising concerns that this rally may be sentiment-driven and fragile.

SEC Retreats on Biden-era DeFi & Custody Rules
The U.S. SEC has withdrawn its contested DeFi-exchange and crypto-custody rules, undoing a looming clampdown on protocols and broker-dealers. Chair Paul Atkins frames the U-turn as a “course correction,” giving platforms breathing room while staff rework digital asset guidelines. There is no timeline yet, but legal uncertainty eases for now.

Global Crypto Developments

• Tether backs Canadian mining royalties with a 32% stake in Elemental Altus, signaling a growing interest in real-world asset tokenization.
  
• Sweden’s H100 Group raised $10M to expand its Bitcoin treasury, sending its stock up 45%.
  
• Ukraine introduced a bill that would let its central bank hold Bitcoin and other crypto in national reserves.
  

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Trump, Tehran & the Bitcoin Bounce
A flashpoint in the Middle East sent markets into a spin last Friday. Trump left the G7 for an emergency Room briefing while viral posts warning of evacuations in Tehran seemed to have traders spooked. Bitcoin briefly dropped to $106,000, dragging altcoins down by as much as 6%. However, the panic didn’t last long, as spot ETF inflows remained solid, and futures metrics held steady. Within 24 hours, BTC was climbing back toward all-time highs.

 
ARK Cashes In Circle Profits
Just 11 days after Circle’s public debut on the NYSE, Cathie Wood, CEO of Ark, locked in a win by selling 342,658 CRCL shares for $ 51.7 million. While that’s a clear profit, ARK isn’t walking away entirely. Circle still ranks among the top five holdings in ARKK, ARKW, and ARKF, showing continued conviction in the USDC issuer’s longer-term potential.

 
JPMorgan Eyes Retail Crypto Play
JPMorgan is taking a clearer step into crypto with a new “JPMD” trademark filing that covers digital asset trading, clearing, wallets, and payment services. While the bank already operates JPM Coin for wholesale settlements between institutions, this new filing signals a possible expansion into consumer-facing crypto tools.

Ethereum Whales Stage Biggest Buy Since 2018
Whale wallets holding 1 K- 10 K ETH snapped up 818,000 coins, roughly $2.5B, in a single day, marking the most significant net inflow in six years. The spree came alongside $583M of fresh money into Ether-focused funds, signaling growing institutional interest. ETH remains range-bound between $2,100 and $3,600. However, analysts see the renewed demand as a potential trigger for higher prices.

Global Crypto Developments

• Vietnam flips the switch on crypto, with new laws kicking in January 2026 to legalize digital assets and reward deep-tech firms with tax breaks and land perks.
  
• Brazil rolls out a flat 17.5% crypto tax, scrapping small-trade exemptions and shifting the burden onto retail while easing rates for bigger holders.
  
• El Salvador has quietly added 240 BTC since December, pushing its holdings past 6,200 coins, despite an IMF loan agreement discouraging further buys.