Crypto Update : 10th June 2025

$BTC briefly crossed the $110,200 mark today, and is currently traded around $109,400 and its market cap is around $2.17 trillions.

$ETH also rose 4.8% to $2,713 and its dominance in the Crypto market rose to 9.5%.

The overall Crypto market capitalization reached $3.41 trillions with Bitcoin dominating 63.6%. Positive market sentiment prevails, fueled by increasing institutional demand for cryptocurrency investment products. 👍 Bitcoin spot ETFs recorded net inflows of $386.2 million, and Ethereum ETFs attracted $53 million, indicating growing investor interest.

Key Developments and Interesting Trends

💸 Société Générale launched its US dollar stablecoin, USDCV, on Ethereum and Solana, with BNY Mellon as custodian, aiming for a global rollout in trading and settlement.

💸 South Korea is moving to legalize stablecoins with a new crypto bill, aiming to boost Crypto market growth.

💸 Ripple committed an additional $5 million towards crypto research in the Asia-Pacific region.

💸 Gemini has confidentially filed for a US IPO, signaling continued institutional interest in the crypto space.

💸 New research from the Algorand Foundation challenges Total Value Locked (TVL) as a metric, suggesting it can be too easily gamified. $ALGO

💸 AfriBit Africa introduced Bitcoin to Africa's largest slum, Kibera in Kenya, aims for financial inclusion.

💸 The UK is set to end its ban on retail investors buying crypto exchange-traded notes. 👍

💸 Paraguay's president denied claims that Bitcoin will become legal tender in the country. 👎

CMC Altcoin Season Index : 28

Fear and Greed Index : 60 (Greed) 👍