This article is adapted from The Block's newsletter "The Daily," reporting that Ethereum is at a critical turning point. Strategy increased its Bitcoin holdings by 1,045 coins, valued at 110.20 million USD, between June 2 and June 8. Turnkey completed a $30 million Series B funding round led by Bain Capital Crypto. BlackRock's spot Bitcoin ETF assets under management quickly surpassed $70 billion, setting a new record beyond the gold ETF GLD. OpenSea's NFT marketplace reached its highest user count since mid-2023 in May. Bitcoin network activity dropped to its lowest level since October 2023, with an average daily transaction volume of about 317,000. Market analysts warn that despite Bitcoin prices nearing historical highs, the market remains fragile, with volatility expected to increase following the release of US CPI and PPI data.

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The following article is adapted from The Block’s newsletter,The Daily, which comes out on weekday afternoons.I hope you had a good weekend, folks. Bitcoin is back above the $105,000 level, but analysts warn the market remains on a "fragile" footing — with volatility likely to return mid-week as both U.S. CPI and PPI figures hit the calendar.In today's newsletter, Bernstein says Ethereum is hitting a critical inflection point, Strategy buys another $110 million in bitcoin, Turnkey raises a $30 million Series B led by Bain Capital Crypto, and more.Meanwhile, BlackRock's spot Bitcoin ETF becomes the fastest to hit $70 billion in AUM, crushing gold-based ETF GLD's previous record.Let's get started.Analysts at research and brokerage firm Bernstein said Ethereum is reaching a critical inflection point as crypto pivots from speculation to blockchain-driven real-world financial innovation.Strategy bought another 1,045 BTC for $110.2 million between June 2 and June 8, according to an 8-K filing with the SEC on Monday.Turnkey, a crypto key management and wallet infrastructure startup co-founded by ex-Coinbase employees, has raised $30 million in a Series B funding round led by Bain Capital Crypto.NFT marketplace OpenSea hit its highest monthly user count since mid-2023 in May, fueled by the full launch of its upgraded OS2 platform.Bitcoin network activity has reached its lowest level since October 2023, with seven-day average transactions dropping to around 317,000, despite BTC's price hovering near all-time highs.Never miss a beat with The Block'sdaily digestof the most influential events happening across the digital assetecosystem.

Ethereum's Key Turning Point, Strategy Increases Bitcoin Holdings by $110 Million, Turnkey Secures $30 Million Funding