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Investor demand for Plasma’s upcoming XPL token continues to soar, with the stablecoin infrastructure platform now securing $1 billion in deposits to support the planned sale.
Plasma confirmed that its revised $1 billion deposit cap was reached in under 30 minutes on June 12, doubling its initial $500 million target.
The firm stated that 2,900 wallets participated in the round, and the median...
Investor demand for Ethereum-backed spot exchange-traded funds (ETFs) is heating up amid the asset’s bullish price moves.
According to data from SoSoValue, spot Ethereum ETFs recorded $240 million in net daily inflows on June 11, their second-highest total for 2025.
BlackRock’s iShares Ethereum Trust (ETHA) led the charge with $160 million inflows, followed by Fidelity’s FETH at $37 million....
A growing share of Bitcoin’s circulating supply is now concentrated in the hands of major institutional players and centralized entities, a new report by Gemini and Glassnode reveals.
According to the findings, over 30% of Bitcoin’s supply is now controlled by just 216 centralized holders across six key categories, including crypto exchanges, ETFs and funds, publicly traded companies, privately...
In the 24 hours between June 11 and 12, the crypto market saw $336.84 in liquidations, with over 114,000 traders rekt as leveraged positions were flushed out across most exchanges.
Nearly 74% of total liquidations came from longs following a sharp intraday correction, most likely driven by a retracement in ETH, which alone accounted for over $113 in forced exits.
Ethereum’s dominance in the...
Approaching deadlines for spot XRP ETF applications from major asset managers, including Grayscale, Franklin Templeton, and Bitwise, are fueling speculation over potential SEC approval, especially in light of Ripple’s proposed legal settlement with the regulator, which still awaits final court approval.
On the prediction platform Polymarket, odds for an approval by 2025 surged to as high as 98%...
While Solana is up just 5% over the past year, global sentiment around the altcoin is bullish due to its potential technical capabilities to outperform its main rivals in performance.
Solana’s Firedancer validator client, expected to leave testnet in 2025, is demonstrating transaction-per-second capabilities exceeding one million in test environments, a development aimed at solving core...
Ripple CEO Brad Garlinghouse believes XRP could soon take a meaningful slice of the global payments sector.
In a recent video shared on X, Garlinghouse projected that XRP might capture as much as 14% of the volume currently processed through Society for Worldwide Interbank Financial Telecommunication (SWIFT) within the next five years.
He argued that the liquidity component of the SWIFT network...
Bitwise CIO Matt Hougan said the “megatrend” of public companies adding Bitcoin (BTC) to treasury reserves will continue accelerating as the movement is still in its early stages.
Hougan made the statement during a June 10 interview on CNBC, where he highlighted that 79 listed firms now hold roughly $57 billion worth of Bitcoin as of March-end.
Drivers and limits of adoption
Corporations have...
GameStop Corp. plans to raise $1.75 billion through a private offering of convertible senior notes due 2032, as the company explores digital asset investments, including potential Bitcoin acquisitions, under its updated investment strategy, according to a June 11 press release.
The zero-coupon notes will be offered to qualified institutional buyers under Rule 144A of the Securities Act, with an...
Bank of America CEO Brian Moynihan confirmed the lender plans to issue a dollar-pegged stablecoin and is working on an internal build conducted alongside other industry participants, Reuters reported on June 11.
However, Moynihan added that any progress in a potential launch would be contingent on forthcoming federal rules. He also told investors the bank “has to be ready” even though demand...