1. Bullish Files Confidential IPO â Sign of Optimism
Peter Thiel â 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 cryptoâfriendly regulatory environment, especially after the SEC dropped several investigations under the new regime.
2. Crypto Market Rises Ahead of Key U.S. Inflation Data
Ahead of the U.S. CPI release, the crypto market shows strengthâBitcoin 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.
3. Crypto Funds Hit Record $167B in Assets
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.
4. SocGen Launches Dollar-Pegged Stablecoin
French bank SociĂ©tĂ© GĂ©nĂ©rale is introducing âUSD CoinVertible,â a dollarâpegged stablecoin via its SGâFORGE arm. Built on Ethereum and Solana and backed by BNY Mellon, it targets institutional use cases like cross-border payments and FX transactionsâall set for July rollout.
