Here’s the summary for June 4, 2025:
On June 4, 2025, South Korea elected a pro-cryptocurrency advocate, Lee Jae-myung, as its new president, signaling a potential shift toward crypto-friendly policies in the region. CryptoQuant reported a lack of euphoria in the crypto market, suggesting a more cautious sentiment among investors despite recent developments. A Trump advisor invested up to $5 million in Coinbase, reflecting growing political interest in the crypto space. Standard Chartered noted that corporate Bitcoin treasuries now control over 3% of the total BTC supply, highlighting institutional adoption. BlackRock is shifting focus toward Ethereum, indicating a strategic pivot in its crypto investments. WIF is forming a rare price pattern that could trigger a 130% rally, drawing attention from traders. The CEO of Aptos Labs is set to address the U.S. Congress on crypto regulation, a critical step for the industry’s future in the U.S. Brian Armstrong, CEO of Coinbase, suggested that Bitcoin could become a new reserve currency amid the U.S. debt crisis, sparking discussions on its global financial role. Spot Ethereum ETFs recorded capital inflows for the 12th consecutive day, showing sustained investor interest. Finally, an Ethereum co-founder revealed ongoing talks with major funds, pointing to increasing institutional engagement with the Ethereum ecosystem.
