Jun 17 • by Anthony GOUJON
Latest Crypto News & Analysis
Daily Market Summary
Bitcoin holds steady at $105,650: BTC maintains support above psychological $100K level despite 1.17% daily dip as BlackRock accumulates 2,454 BTCs, bringing total holdings to 674,000. Vietnam legalizes crypto with historic law passing Digital Technology Industry Law on June 14, classifying virtual and crypto assets, effective January 1, 2026. Ethereum ETFs see record inflows: BlackRock's ETHA leads with $163.6M on June 16, marking 18th consecutive day of positive flows totaling $240M. SEC Crypto Task Force advances regulatory clarity with upcoming roundtables on DeFi paths scheduled for June 9, prioritizing innovation over enforcement.
Arthur Hayes Says to Trade New Stablecoin IPOs Like a 'Hot Potato' as Circle Mania Begins
BitMEX founder Arthur Hayes warns investors to trade upcoming stablecoin IPOs like a \"hot potato\" as Circle's explosive NYSE debut signals the beginning of a dangerous bubble.
ARK Invest Offloads Over $50M in Circle Shares as Stock Extends Rally
Cathie Wood's ARK Invest sells $51.8 million worth of Circle shares after extraordinary 387% IPO surge, signaling strategic portfolio rebalancing as stablecoin issuer approaches "iPhone moment".
El Salvador Defies IMF: 240 Bitcoin Added to Treasury Despite $1.4 Billion Deal Restrictions
El Salvador has purchased 240 Bitcoin since signing its IMF loan agreement in December 2024, reaching 6,349 BTC holdings worth $678 million as President Bukele maintains daily buying strategy.
Bitcoin Balance on Exchanges Hits All-Time Low: 2.4 Million BTC Signals Historic Supply Crunch
Bitcoin exchange reserves plummet to record low of 2.4 million BTC as institutional accumulation accelerates. Analysis of market implications and price projections.
JP Morgan Files "JPMD" Trademark: Wall Street Giant Prepares Revolutionary Stablecoin Launch
JPMorgan Chase files trademark for "JPMD", signaling potential launch of dollar-backed stablecoin as banking giants race to dominate $250 billion market.
Trump Media Secures SEC Approval for $2.3 Billion Bitcoin Treasury Strategy
SEC declares Trump Media & Technology Group's registration statement effective for its historic $2.3 billion Bitcoin treasury deal.
Latest Crypto Updates
Bitcoin Tests Key Support at $105,650 Amid Pre-FOMC Volatility - Bitcoin price dropped 1.17% to $105,650 as traders position for risk-off ahead of FOMC meeting. Despite short-term pressure, institutional faith remains strong with BlackRock purchasing 2,454 BTCs yesterday, bringing total holdings to 674,000. Technical analysis shows crucial support at $105,000 level, with potential downside acceleration if breached. Market cap hovers at $2.1 trillion with 24.93% spike in trading volume to $53.85 billion.
Vietnam Passes Landmark Crypto Legislation, First Country with Dedicated Digital Asset Law - Vietnam's National Assembly approved the Digital Technology Industry Law on June 14, becoming the world's first country to enact standalone legislation for digital assets. The law classifies assets into "virtual assets" and "crypto assets," providing comprehensive regulatory framework including AML measures and consumer protection. Implementation set for January 1, 2026, with incentives for blockchain businesses including tax breaks and R&D support. Vietnam ranks 5th globally in crypto adoption.
Ethereum ETFs Break Records with 18-Day Inflow Streak, $240M Daily - US spot Ethereum ETFs recorded $240 million in net inflows on June 16, surpassing Bitcoin ETFs and marking 18th consecutive day of positive flows. BlackRock's iShares Ethereum Trust (ETHA) led with $163.6 million, pushing cumulative net inflows to $3.74 billion. The sustained institutional demand coincides with Ethereum's recent Pectra upgrade success and growing DeFi adoption. ETH price responds positively, trading near $2,600.
SEC Crypto Task Force Announces DeFi Regulatory Paths Roundtable for June 9 - The SEC's Crypto Task Force, led by Commissioner Hester Peirce, scheduled its fourth roundtable "U.S. Regulatory Paths for Decentralized Finance" for June 9. The initiative marks a shift from enforcement to guidance, focusing on registration paths, token offerings relief, and tailored disclosure frameworks. Acting Chair Mark Uyeda emphasizes drawing clear regulatory lines and deploying enforcement resources judiciously.
Trump Media's Bitcoin & Ethereum ETF Gets SEC Approval, Raises $2.3 Billion - Trump Media & Technology Group received SEC approval for its bitcoin treasury deal, raising $2.3 billion through debt and equity from 50 investors. The company plans to launch an ETF combining Bitcoin and Ethereum in a single tradable asset. This follows the executive order establishing a Strategic Bitcoin Reserve, with the interdepartmental working group tasked to report by July 21, 2025.
Solana Struggles at $150 as London Startup Village Participation Announced - Solana trades at $155 after 3.53% daily decline, struggling to maintain support above $150 psychological level. Despite price pressure, ecosystem developments continue with Solana announcing participation in London Startup Village from June 9-18, organized by Superteam UK. Technical indicators show 47% green days over past month with 6.45% volatility, targeting potential recovery to $165 if support holds.
Pi Network Plunges 3.35% to $0.5593 Amid Bearish Technical Structure - Pi Network price dropped to $0.5593, reflecting 3.35% intraday decline as bears extend control. Token trades below critical 20/50/100/200 EMA cluster near $0.60-$0.63, now acting as resistance. Technical indicators show weak momentum with CMF negative and Vortex Indicator bearish. Support at $0.551 critical, with breakdown potentially exposing $0.538 and $0.512 levels.
