BlackRock Swallows $3 Billion in Ethereum! Hong Kong's 120 Billion RMB Stablecoin Breaks the Ice, Security Alarms Sound Behind the Cryptocurrency Surge!
On June 24, 2025, the cryptocurrency world was once again stirred by a series of hot events, attracting widespread market attention. From BlackRock and other institutions' large-scale bottom fishing to breakthroughs in Hong Kong's RMB stablecoin, and frequent security incidents, today's cryptocurrency market presents a picture of both opportunities and challenges.
BlackRock's Bottom Fishing and Institutional Involvement
- BlackRock's Massive Purchases: In June, BlackRock purchased over $750 million worth of Ethereum, with its total holdings surpassing $3 billion, of which institutional holdings account for 18%. This move undoubtedly injected a strong dose of confidence into the market, showing institutional investors' long-term optimism towards cryptocurrencies like Bitcoin. BlackRock's involvement also triggered a follow-on effect in the market, attracting numerous investors' attention to the cryptocurrency market.