Despite the ongoing escalation of conflict between Israel and Iran in the Middle East, Bitcoin prices have shown a degree of stability, slightly rising to near $108,000.
According to global virtual asset market data from CoinMarketCap on June 17, Bitcoin is currently quoted at $107,631 per coin, having earlier reached a high of $108,000 but quickly fell back. Compared to a week ago, Bitcoin has decreased by 2.28%, but has risen by 2.13% compared to 24 hours ago.
Meanwhile, Ethereum is priced at $2,573, down 3.37% from last week; XRP is at $2.27, down 1.87%; BNB is at $654.12, down 1.76%; Solana has seen a larger decline, priced at $153.71, down 3.9% from a week ago.
Trump's sudden departure.
U.S. President Donald Trump suddenly left the G7 summit early and issued a "emergency evacuation" warning for Tehran on social media, triggering a rise in market risk aversion.
According to Fox News, Trump returned to the White House early from Canada on Monday local time and ordered the National Security Council to prepare for an emergency meeting in the "Situation Room."
Just hours before this news was released, Trump made a shocking statement on his self-created social platform Truth Social: "Everyone should evacuate Tehran immediately!"
U.S. White House Press Secretary Karoline Leavitt later confirmed that Trump arrived in Canada on Sunday to attend the annual G7 summit but decided to leave early due to the escalation of the Iran-Israel conflict. CBS News quoted her saying: "While the meeting achieved several outcomes, given the situation in the Middle East, the president will return after dining with the heads of state."
"I must return home as soon as possible, the reasons are obvious," Trump told reporters as he left.
Despite ongoing geopolitical risks, market analysis suggests that the overall performance of the virtual asset market remains resilient. On June 13, after news of military conflict between Iran and Israel broke out, Bitcoin briefly fell below the $100,000 mark but quickly rebounded. On the same day, the New York stock market also recorded gains, indicating that risk aversion did not fully dominate investor decision-making.
Industry insiders believe that current crypto asset prices are more influenced by global liquidity and the level of institutional participation; although short-term geopolitical conflicts may cause fluctuations, the market's interpretation of its long-term trend is relatively rational.
Truth Social promotes the "B.T. Combo ETF"
Trump Media Technology Group (TMTG), the parent company of the social media platform Truth Social backed by U.S. President Donald Trump, submitted an S-1 form to the U.S. Securities and Exchange Commission (SEC) on Monday, proposing to launch an exchange-traded fund (ETF) combining Bitcoin and Ethereum.
According to information disclosed by the SEC, this proposed ETF is named the "Truth Social Bitcoin and Ethereum ETF (abbreviated as B.T.)" and its structure will track the price fluctuations of Bitcoin and Ethereum, but not in equal allocation; the initial ratio is expected to be 3:1 (BTC:ETH), with subsequent ratios adjusted at the discretion of the fund initiators.
The initiating organization of the ETF is Yorkville America Digital, which will control the asset allocation strategy; Foris DAX Trust Company will act as the custodian for Bitcoin and Ethereum.
This is also a further expansion following Truth Social's submission of an ETF application that only tracks Bitcoin two weeks ago, indicating that the platform is seeking to compete with other mainstream Bitcoin ETFs in the market, providing a broader exposure to crypto asset investments.
CoinShares data shows that after two weeks of net outflows, Bitcoin ETFs in the market achieved a net inflow of $1.3 billion last week; Ethereum-related products also recorded a net inflow of $583 million, marking the largest weekly inflow since February.
Strategy increases its Bitcoin holdings.
Another major news comes from Strategy, a company focused on Bitcoin asset allocation, which announced the acquisition of 10,100 BTC for approximately $1 billion, marking the largest single purchase in recent weeks.
The company announced on Monday that it had purchased 10,100 Bitcoins for approximately $1.005 billion, with an average purchase price of $104,080 per coin. The funds for this purchase mainly came from the proceeds of its recent $1 billion perpetual preferred stock issuance (stock code: STRD).
This purchase brings Strategy's total Bitcoin holdings to 592,100 coins, valued at approximately $61.47 billion at current market prices. Its historical total acquisition cost was $41.8 billion, with an average cost of $70,666 per coin.
Based on the current circulation of Bitcoin, Strategy now holds about 2.8% of the global BTC supply, firmly ranking among the enterprises with the largest Bitcoin reserves in the world.
Tron goes public via NASDAQ.
As the Asian trading day begins, the native token TRX of Tron DAO is essentially flat, slightly up by 1%. The market does not seem to react significantly to the news of the "substantial reverse merger listing" of this blockchain network.
Tron announced that it will go public through a reverse merger with NASDAQ-listed toy company SRM Entertainment, which will be renamed "Tron Inc." and adopt a national treasury strategy centered around the TRX token. For the crypto market, this marks a rare case of a public chain directly entering the public capital market.
Theoretically, this move can be seen as a layout of stablecoin infrastructure. The Tron network is the location for 30% of global stablecoin transactions and is also the main network carrying over half of the circulating USDT. The newly listed entity Tron Inc. is expected to provide an indirect path for equity investors to participate in stablecoin infrastructure.
Unlike stablecoin issuer Circle, Tron controls the underlying blockchain network itself, allowing it to directly capture on-chain transaction fees and network activity, while Circle focuses on the custody, compliance, and interest income of USDC reserves. This represents two entirely different business models.
On-chain data also shows that the activity of whales on the Tron network is extremely high. A recent CryptoQuant report pointed out that in May 2025, up to 59% of the trading volume of USDT transactions on the Tron chain came from single transactions exceeding $1 million.
From Lebanon to Argentina and Brazil, Tron is becoming the preferred network for residents in countries that have lost confidence in their local banking systems. These users often do not understand "stablecoins" or "blockchain protocols" from a technical perspective; they simply want to access U.S. dollars directly, at low cost, and securely—which is exactly what USDT on the Tron chain provides.
A new agent in the public market?
Although the market reacted tepidly, for investors familiar with fintech and infrastructure investments, Tron’s recent "listing" may be following a path with precedents.
Looking back at 2006 and 2008, MasterCard and Visa successively went public, allowing the capital market to invest in the payment infrastructure of developed countries. Similarly, China has not promoted the listing of UnionPay, and investors once hoped for an Ant Group IPO to indirectly gain investment exposure to the Alipay network, just as Tencent's listing provided a valuation anchor for WeChat Pay.
Despite speculation that the digital yuan may dominate cross-border payments in emerging markets, this hypothesis has not materialized. On the contrary, stablecoins are gradually taking over this role, with Tron quietly becoming a representative of the "emerging market payment infrastructure" as one of its most important network infrastructures.
If this trend continues, Tron Inc. may become the closest investment target in the capital markets for the globalization of stablecoin infrastructure.
Hong Kong facilitates the first Solana stock allocation transaction.
At the same time, the OSL platform also announced the completion of Hong Kong's first Solana (SOL) stock allocation transaction. The digital asset venture capital firm MemeStrategy purchased 2,440 SOL on the OSL institutional platform, with a transaction amount of approximately $370,000. OSL provided execution, settlement, and custody services for this transaction.
Digital assets remain at the top of the "risk appetite assets" for 2025.
According to the latest CoinShares report, as of last week, digital asset investment products have seen inflows for the ninth consecutive week, with a net inflow of $1.9 billion in a single week, setting a record for cumulative inflows to $13.2 billion in 2025, indicating that even amid ongoing geopolitical fluctuations, institutional willingness to allocate to crypto assets remains high.
Against the backdrop of a cautious overall market, funds are simultaneously pouring into gold and crypto assets, highlighting the latter's increasing role as part of a macro hedge portfolio.
Among them, Bitcoin attracted $1.3 billion in a week, ending two weeks of net outflow; Ethereum recorded an inflow of $583 million, marking a new weekly high since February and setting a record for the largest single-day inflow of the year. Together, they accounted for over 95% of this week's total inflow into crypto assets.
It is worth noting that other crypto assets have also seen significant capital movements. XRP achieved a capital inflow of $11.8 million after three weeks of outflow; meanwhile, the emerging public chain Sui continued its strong performance, attracting $3.5 million in funds, indicating that some altcoins are beginning to gain attention from professional institutions.
Regionally, the U.S. has nearly monopolized all net inflows, while Hong Kong and Brazil experienced net outflows of $56.8 million and $8.5 million respectively, indicating that the pace of global crypto adoption remains uneven.
