BlackRock spot Bitcoin ETF has officially become the fastest exchange-traded fund in history to surpass $70 billion in assets under management. According to a June 9 post on X by Bloomberg ETF analyst Eric Balchunas, the iShares Bitcoin Trust crossed…
Cryptocurrency News
BlackRock’s IBIT becomes the fastest ETF in history to surpass $70 billion AUM [btcmanager]
BlackRock spot Bitcoin ETF has officially become the fastest exchange-traded fund in history to surpass $70 billion in assets under management. According to a June 9 post on X by Bloomberg ETF analyst Eric Balchunas, the iShares Bitcoin Trust crossed…
Ripple commits $5M more toward crypto research in APAC [cointelegraph]
The funds are on top of the $25 million that Ripple committed last month to education nonprofit organizations in the US.
Société Générale launches US dollar stablecoin on Ethereum and Solana [cointelegraph]
Société Générale’s crypto arm launches its USDCV stablecoin on Ethereum and Solana, with BNY as custodian and a global rollout aimed at trading and settlement.
SEC chair Paul Atkins proposes “innovation exemption” to spur onchain development [btcmanager]
Under the leadership of Paul Atkins, the U.S. Securities and Exchange Commission is looking to fast-track crypto innovation through exemptions and tailored rulemaking. During the fifth meeting of the SEC’s Crypto Task Force roundtable titled DeFi and the American Spirit,…
Sky rolls out staking rewards, distributes $1.6M USDS in first week as SKY price climbs 12% [btcmanager]
Sky Protocol, formerly MakerDAO, launched its much-anticipated staking rewards program, and the numbers are already turning heads. In a June 9 post on X, the team revealed that more than $568 million worth of SKY tokens have been staked, with…
Crypto social media sees rising interest in AI taking jobs: Santiment [cointelegraph]
Other narratives of interest on social media included the accumulation of crypto by whales like millionaire crypto trader James Wynn, Solana, Loud Token and various memecoins.
South Korea moves to legalize stablecoins with new crypto bill [cointelegraph]
South Korea’s ruling party under new president Lee Jae-myung is pushing legislation to allow local stablecoin issuance and boost crypto market growth.
Bitcoin lacks strong catalyst to beat its $112K ATH: Analyst [cointelegraph]
Bitfinex analysts say that Bitcoin holders who bought in Q1 are now being tested as “the price churns sideways near ATH levels.”
Canary Capital spins up Delaware trust for staked Injective ETF [cointelegraph]
Fund manager Canary Capital has taken a typical first step for an ETF, creating a Delaware trust for a fund that would stake the Injective token.