Crypto Market Sees Green as Key Assets Rally; Bullish & Gemini Eye IPOs
The crypto market is largely in the green today, June 11, 2025, with most major cryptocurrencies seeing price increases. The global crypto market cap is up, and trading volume is at its highest in days, reaching $138 billion.
Key Highlights:
* Bitcoin (BTC) is trading around $109,531, up slightly by 0.3%.
* Ethereum (ETH) continues its strong performance, up 4.6% to $2,798, and has surged 89% since April! Institutions are increasing their holdings in ETH, and Ethereum's Open Interest has hit a record high.
* Dogecoin (DOGE) is today's top gainer among the top 10, up 5.4% to $0.2013.
* Uniswap (UNI) led the broader market with an impressive 18.1% increase, trading at $8.41.
* Bullish and Gemini are reportedly reviving plans to go public, following the recent successful IPO of Circle, which more than doubled expectations. This signals growing confidence in the crypto sector among traditional finance.
* PayPal USD (PYUSD) is planning to expand to the Stellar network, pending regulatory approval. This move aims to enhance PYUSD's utility for everyday payments, remittances, and "PayFi" solutions, leveraging Stellar's speed and low transaction costs.
* MicroStrategy's Bitcoin-backed preferred stock ($STRD) has begun trading on Nasdaq, marking another significant step for institutional Bitcoin-backed financial products.
* Binance HODLer Airdrop is live for project Resolv (RESOLV), with spot trading opening on Binance today. Another project, MEET48 (IDOL), is launching its TGE on Binance Alpha.
* The US May CPI data is expected today, which could influence market sentiment regarding inflation and risk appetite. Meanwhile, the US House Agriculture Committee has approved the CLARITY Act, indicating progress in crypto market structure legislation.
#CryptoNews #MarketUpdate #Bitcoin #Ethereum #DOGE #UNI #PYUSD #Stellar #BullishIPO #GeminiIPO #MicroStrategy #BinanceSquare #HODLerAirdrop #RESOLV #IDOL #USCPI #CLARITYAct