Peter Thiel-backed crypto exchange Bullish (part of Block.one) has confidentially filed for a U.S. IPO. This move reflects renewed investor confidence under a more crypto‑friendly regulatory environment, especially after the SEC dropped several investigations under the new regime.
Ahead of the U.S. CPI release, the crypto market shows strength—Bitcoin holds steady above $109,600, Ethereum nears $2,800, and several altcoins rally by up to 8%. Analysts see rising institutional interest and macroeconomic optimism driving momentum.
Crypto fund assets reached an all-time high of $167 billion in May, boosted by a massive $7.05 billion in net inflows across nearly 300 funds. Bitcoin funds led, capturing $5.5 billion, while ETH funds took in $890 million. This marks significant diversification by investors into digital assets.
French bank Société Générale is introducing “USD CoinVertible,” a dollar‑pegged stablecoin via its SG‑FORGE arm. Built on Ethereum and Solana and backed by BNY Mellon, it targets institutional use cases like cross-border payments and FX transactions—all set for July rollout.
