Bitcoin exchange-traded funds (ETFs) in the U.S. logged their largest single-day inflow for June on Tuesday, pulling in $588.6 million, according to data from Farside Investors. This marks 11 consecutive days of net positive flows, the longest streak since December 2024, signaling strong institutional demand even amid a turbulent macro backdrop. BlackRock and Fidelity Lead ETF Inflows Leading the surge was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $436.3 million in new capital in a single day. Fidelity’s FBTC followed with $217.6 million, while smaller players like Bitwise and VanEck also saw modest inflows. Meanwhile, Grayscale’s GBTC continued to bleed…
Author: Blockto Team
Bitcoin Cash (BCH) struggled to maintain upward momentum on Tuesday, ending slightly lower by 0.54% at $452.13, after facing three consecutive rejections at the key $467 resistance level. Despite high-volume rebounds, the token failed to break through, reflecting increasing short-term selling pressure and market uncertainty. $467 Becomes a Wall for Bulls Bitcoin Cash surged nearly 3% late on June 23, briefly touching $467 during a high-volume spike, but quickly reversed. The rejection at this level repeated twice more, confirming strong resistance and signaling profit-taking by short-term traders. This behavior resulted in the formation of a descending trendline with lower highs,…
Stablecoin giant Circle (CRCL) sees sharp pullback as global regulators question the sector’s long-term role After a record-setting run, Circle’s stock dropped 15% on Tuesday, pulling back to $223 and wiping out nearly a quarter of its recent gains. The correction follows a warning from the Bank for International Settlements (BIS) that casts doubt on the long-term viability of stablecoins without clear regulation. Despite the slide, Circle shares are still over 600% above IPO levels, highlighting how much excitement has been baked into the stablecoin sector. The stock hit a record high of $299 on Monday, but analysts had warned…
South Korea’s central bank is urging a gradual and regulated rollout of stablecoins, with commercial banks to take the lead as primary issuers. According to statements made by Bank of Korea (BOK) Deputy Governor Ryoo Sangdai, the country aims to balance innovation with stability by limiting the initial issuance of won-pegged stablecoins to banks. Banks First, Others Later In a press conference reported by Yonhap News, Ryoo emphasized: “It would be desirable to initially allow stablecoin issuance primarily through banks… and gradually expand it to the non-banking sector.” The rationale behind this approach is to ensure strong oversight and consumer…
In a major show of institutional momentum behind Bitcoin treasury strategies, Metaplanet Inc and The Blockchain Group have raised a combined $520 million+ to accelerate their BTC-focused investment models. These bold moves come amid growing adoption of digital assets as corporate treasury instruments across Asia and Europe. Metaplanet Raises $515 Million in Single-Day Share Issue Japanese tech and finance firm Metaplanet Inc (3350) has completed the first major tranche of its ambitious 555 Million Plan, raising 74.9 billion yen ($515 million) through the issuance of 54 million shares on Wednesday. The capital raise follows the exercise of 540,000 stock acquisition…
The New York Stock Exchange (NYSE) has officially filed for a rule change that would allow it to list the Truth Social Bitcoin and Ethereum ETF, marking a bold step forward for Trump Media & Technology Group’s push into crypto markets. Dual Crypto ETF Proposed by Trump Media If approved by the U.S. Securities and Exchange Commission (SEC), the ETF would hold Bitcoin (BTC) and Ethereum (ETH) in a 75:25 ratio, with Crypto.com serving as both custodian and liquidity provider. This structure is aimed at giving investors direct exposure to the two leading digital assets under a politically branded fund.…
Partnership enables 3B Mastercard holders to access crypto directly, boosting LINK price and sentiment Chainlink’s native token, LINK, surged 13% on Tuesday, reaching a daily high of $13.51 as bullish momentum returned to the crypto markets. The rally follows news of a landmark partnership between Chainlink and Mastercard, enabling over 3 billion cardholders to buy cryptocurrencies directly on-chain — a major milestone for real-world crypto adoption. Mastercard Deal Sparks Investor Excitement The newly announced integration will use Chainlink’s oracle and interoperability technology to bridge Mastercard’s massive user base with on-chain finance. The development is seen as a strategic breakthrough, unlocking…
Norwegian deep-sea mining firm Green Minerals pivots toward crypto to hedge fiat risks and boost transparency Green Minerals AS, a Norway-based deep-sea mining company, has announced plans to raise $1.2 billion to purchase Bitcoin (BTC) as part of a new treasury strategy focused on hedging fiat currency exposure and leveraging blockchain technology. The firm revealed that the first Bitcoin purchase could occur within days, signaling a major shift in its financial and operational direction. Bitcoin as a Strategic Treasury Asset The company aims to buy and hold Bitcoin long-term, with projections suggesting it could acquire approximately 11,255 BTC at current…
Filecoin (FIL) leads altcoin recovery with strong volume and key support formation Filecoin (FIL) posted an impressive 14% gain over the past 24 hours, standing out as one of the top-performing altcoins in the market’s ongoing recovery. The surge followed a wave of positive momentum across the crypto space, largely attributed to easing geopolitical tensions after a ceasefire between Israel and Iran. Strong Support Zones Confirm Bullish Outlook FIL’s price surged from $2.051 to a peak of $2.3478, showcasing consistent buying pressure and positive sentiment. The asset formed strong support around the $2.24–$2.25 zone, which was tested multiple times. Each…
Crypto investment firm ProCap makes bold entrance into corporate Bitcoin holdings Anthony Pompliano’s Bitcoin-focused financial services firm, ProCap, has entered the corporate BTC arena with a massive $386 million purchase of 3,724 Bitcoin, as part of its strategy to position Bitcoin as a core treasury asset. The announcement comes just days after ProCap revealed its plans to go public via a SPAC merger later this year. $386M BTC Purchase Marks Strategic Shift ProCap confirmed that the Bitcoin was acquired at a time-weighted average price of $103,785 per BTC, shortly before the asset rallied, bringing the value of the holding close…