June 11: CRYPTO MARKET UPDATE-2

• The Most Published News
#Bitcoin nears all-time highs around $110,000 to $112,000, buoyed by sustained institutional ETF inflows, corporate treasury purchases (notably GameStop and American Bitcoin backed by the Trump family), and positive US-China trade developments. Ethereum also surged past $2,700 supported by strong institutional demand, ETFs, and staking activity hitting record highs at over 28% of total supply. Regulatory clarity is advancing notably with the US House’s CLARITY Act passing key committees and the SEC signaling likely approvals of altcoin ETFs, especially Solana, within weeks. Meanwhile, DeFi tokens such as @Aave and @Uniswap rallied strongly following the SEC Chair’s announcement supporting an innovation exemption for DeFi projects. Despite optimism, warnings persist about large leveraged long Bitcoin whale positions and risk of short-term pullbacks amid mixed technicals.

• Current Market Trends
Bitcoin’s price shows remarkable resilience around the $110K mark with record long-term holder supply at 73% of circulating assets, indicating strong confidence from experienced investors. Continuous ETF inflows, led by @BlackRock's IBIT, have pushed cumulative U.S. spot Bitcoin ETF trading volume close to $1 trillion. #Ethereum’s price rally is supported by increasing institutional inflows, rising staking (over 34.8 million $ETH staked), and bullish technical patterns suggesting a potential breakthrough past $2,800. Meanwhile, altcoins like @Solana, Cardano, $XRP, and $DOGE have gained momentum fueled by ETF speculation and improved market sentiment. Market participants remain cautiously optimistic ahead of US inflation data and Federal Reserve policy meetings. However, on-chain retail activity for Bitcoin is down, with futures and derivatives volumes rising, suggesting increased institutional or speculative engagement.

• Regulations and Policies
The CLARITY Act, aiming to define regulatory jurisdiction between the SEC and CFTC for digital assets, passed multiple US House committees decisively and is moving to the House floor for a full vote, signaling imminent clearer regulatory frameworks. SEC Chair Paul Atkins is promoting an ‘innovation exemption’ to ease on-chain finance development, signaling a shift towards pro-innovation crypto regulation. South Korea is advancing legislation to allow companies to issue regulated stablecoins, aligning with President Lee’s push for domestic digital asset support. The US Treasury nominee for CFTC chair, Brian Quintenz, supports granting the agency jurisdiction over spot crypto markets to spur innovation and consumer protection. Meanwhile, concerns persist over potential expansion of SEC discretionary powers via amendments to the CLARITY Act, provoking industry debate. Connecticut broke from the trend by passing a bill banning state crypto investments.

• Technology and Innovation
@Cardano_CF launched Cardinal, a protocol enabling Bitcoin to be wrapped and used natively in its DeFi ecosystem via a trust-minimized mechanism, enhancing cross-chain liquidity. The XRP Ledger is preparing an Ethereum-compatible EVM sidechain slated for Q2 2025, expected to bolster XRPL’s DeFi capabilities. Ethereum Foundation published its first Trillion-Level Security report addressing critical ecosystem risks and emphasizing ecosystem-wide security improvements. TOOL, a new middleware on Ethereum, enables 1-second transaction execution using sealed-bid auctions, promising faster and censorship-resistant trades without rollups. Blockchain in real-world asset tokenization is progressing, with Guggenheim and Ondo Finance expanding digital commercial paper and treasury products on the XRP Ledger.

• Institutional Investor News
@BlackRock’s iShares Bitcoin Trust reached an unprecedented $70 billion AUM within 341 days, attaining the fastest ETF growth in history, accompanied by strong institutional inflows into Ethereum ETFs. Firms like MicroStrategy and American Bitcoin continue aggressive Bitcoin accumulation strategies, although some analysts warn about concentration risks and leverage impacts on market stability. The Blockchain Group secured shareholder approval to raise over $11 billion for Bitcoin acquisitions, targeting dominance as a public $BTC treasury company. GameStop recently bought 4,710 $BTC as part of its treasury diversification. Institutional accumulation is also visible with wallets linked to Consensys and Galaxy Digital acquiring tens of thousands of ETH.

• Market Forecasts and Expert Opinions
Bernstein labels a Bitcoin price of $200,000 by year-end as conservative, while CNBC projects potential near-term surges beyond $130,000 driven by ETF flows and macro optimism. Michael Saylor and other advocates predict Bitcoin’s long-term price reaching $1 million, emphasizing institutional demand and supply constraints. ARK Invest correlates Bitcoin’s rally with market reallocations from struggling sectors like housing and autos, dismissing speculative excess. Analysts also forecast a ‘short squeeze’ in Ethereum shorts with potential $ETH prices surpassing $3,000 or higher, bolstered by LD Capital’s significant bullish options positions. However, caution is advised by veteran analyst Peter Brandt forecasting possible large corrections, reflecting tension between optimism and technical risks.

• Security and Hacking News
Crypto scams fueled by AI-driven deepfake technology surged 24% year-over-year, causing $4.6 billion in losses during 2024, with growing sophistication in social engineering and Ponzi schemes. Over 87 AI deepfake scam rings were dismantled in Q1 2025, prompting calls for improved verification and cybersecurity education. MEXC launched a $100 million user protection fund inaugurated to compensate victims swiftly following platform breaches, reflecting industry responses to increasing security risks.

• Conclusion
The crypto market evidences robust institutional engagement with record ETF volumes, significant treasury accumulations by companies, and advancing regulatory frameworks easing innovation barriers. Ethereum’s bullish momentum complements Bitcoin’s historic stronghold amid cautious retail sentiment and lingering technical uncertainties. Investors should monitor the impacts of upcoming US inflation data and Federal Reserve cues, as well as legislative developments like the CLARITY Act and stablecoin regulations, which will crucially shape market structure. Market participants are advised to remain vigilant regarding growing deepfake scams and whale activity that may exacerbate volatility. Diversifying exposure across Bitcoin, Ethereum, and emerging altcoins while staying informed of regulatory changes and security risks will better position investors to capitalize on ongoing crypto market evolution.

Daily crypto market update is an AI summarization of important news published in major crypto media in the last 24 hours at the time of sending. The full news story can be found at the URL below.

https://t.co/zokRJWaGRk