Blockonomi

Bitcoin (BTC) has climbed above the $107,000 level thanks to renewed risk-on sentiment, driven by easing Middle East tensions and massive institutional inflows.

The US spot Bitcoin ETFs saw roughly $350 million in net inflows on June 23 alone, extending a ten-day streak of positive flows into Bitcoin products. In fact, traditional safe havens like oil and gold actually declined amid the ceasefire news, signaling that traders are confident the crisis will remain contained.

These macro catalysts have reignited a much-needed bullish momentum across digital assets. That’s why market commentators are now optimistic about the growth of a Bitcoin-linked project called Bull Token (BTCBULL), a top-trending meme coin that has already raised over $7.3 million during its presale.

Investors are mainly drawn to BTC Bull Token’s innovative reward system, which is tied directly to Bitcoin’s performance. Presale buyers have just five days to buy BTCBULL for $0.00258 before the token generation event and exchange listings.

Corporate Giants Stack Bitcoin, Show Confidence Amid CME Gap Recovery

Investors at the highest levels are loading up on Bitcoin, reinforcing the crypto market’s strong structural base. Michael Saylor’s Strategy (previously MicroStrategy) has quietly been buying into the recent dip. The company recently announced a fresh purchase of 245 BTC for about $26 million, bringing its total treasury to 592,345 BTC.

This relentless accumulation highlights Saylor’s conviction even as BTC wavered below $100,000 on Sunday. Other corporations are also stockpiling Bitcoin: Japanese company Metaplanet recently reported adding 1,111 BTC to its reserves, raising its treasury to 11,111 BTC. Such moves show a growing willingness among firms to use Bitcoin as a strategic asset.

Moreover, Bitcoin quickly filled a CME gap to show high resilience on its charts. Simply put, when the Bitcoin futures market closes on Friday and reopens Sunday evening, large price moves during this downtime can leave gaps.

These gaps often close quickly after markets reopen, as traders keep a close eye on them as potential indicators. Per popular analyst Daan Crypto, BTC opened with a roughly $4,000 CME gap this weekend, dropping sharply before rebounding to fully close the gap on Monday.

$BTC That's the CME Gap pretty much closed.

Another gap that closes early in the week as we discussed was something which we've been seing a lot. https://t.co/ddQMT6m8d3 pic.twitter.com/2WA1FX1OTj

— Daan Crypto Trades (@DaanCrypto) June 23, 2025

Amid these bullish conditions, many traders are turning to Bitcoin-adjacent projects that could ride Bitcoin’s sustainable growth. One such play is BTC Bull Token, which packages Bitcoin’s upside into a high-reward framework for retail investors.

BTC Bull Token Aligns Airdrop Rewards With Bitcoin’s Price Milestones

BTC Bull Token is designed with clear triggers to reward holders directly as Bitcoin’s price climbs. Retail and whale interest in the BTCBULL token has been impressive, as the presale has raised over $7.3 million and continues to gain traction in its final stages.

The project’s whitepaper and roadmap outline several BTC-linked milestones. For example, once Bitcoin reaches $150,000 and $200,000 for the first time, BTCBULL holders will receive real BTC airdrops.

When Bitcoin crosses $250,000, the project will also offer its holders a special one-time airdrop of BTCBULL tokens worth 10% of the token supply.

Last chance to buy BTCBULL before launch!

The countdown ends on June 30th.

Here’s what’s coming:
BTCBULL token burns
BTC airdrops at price milestones
BTCBULL airdrop when Bitcoin hits $250K

Join the herd: https://t.co/FQZXEzFwWu pic.twitter.com/aeUmLJcSOC

— BTCBULL_TOKEN (@BTCBULL_TOKEN) June 2, 2025

The BTC Bull Token project will also permanently burn a portion of BTCBULL supply at designated price points (the first burn when Bitcoin hits $125,000, subsequent burns at $175,000 and $225,000). Each burn will remove BTCBULL tokens from circulation, driving scarcity and a potential increase in token value.

BTC Bull Token also offers high-yield staking: holders can lock up their tokens in a rewards pool, earning an APY of up to 55%. This means presale buyers can passively increase their BTCBULL holdings and boost their reward share down the line, simply by staking even before the presale ends.

Final Days to Buy BTC Bull Token Before June 30 Deadline

Many Web3 experts and analysts expect BTC’s corporate and institutional accumulation to continue gaining momentum in the coming years. This is why crypto commentators from 99Bitcoins are quite optimistic about BTC Bull Token’s growth during the next bull cycle.

The BTCBULL token presale will end on June 30, giving early buyers a limited window of just around six days to buy BTCBULL for $0.0258 before it hits exchanges.

To buy BTCBULL tokens, visit the official BTC Bull Token presale website and connect a Web3 wallet. The site accepts cryptos like ETH, BNB, USDT, USDC, and traditional credit/debit cards. Buyers can also immediately start staking their tokens for a double-digit APY during the presale phase.

Visit BTC Bull Token Presale

The post BTC Bull Token Presale Hits $7.4 Million as Bitcoin Rebounds, 4 Days Left to Buy: Next 10x Crypto? appeared first on Blockonomi.

TLDR:

BJP’s Bhandari urges India to adopt Bitcoin as a sovereign reserve asset.

U.S. reserve strategy under Trump cited as model for India to follow.

Bhutan’s Bitcoin mining success seen as proof of sustainable crypto policy.

India risks falling behind as global crypto reserve adoption gains momentum.

India may soon shift its approach to digital assets following remarks from Pradeep Bhandari, national spokesperson for the ruling Bharatiya Janata Party (BJP). 

In an editorial and public statement, Bhandari suggested India should seriously consider Bitcoin as part of its strategic national reserves. His remarks come as countries like the U.S. and Bhutan integrate Bitcoin into their economic frameworks. 

This development signals a growing interest in digital assets among global powers. India’s next move could reshape its role in the global crypto economy.

BJP Pushes for Bitcoin in National Strategy

Pradeep Bhandari, writing in India Today, emphasized the urgency for India to treat Bitcoin as more than a speculative asset. He pointed to the U.S. government’s Bitcoin Reserve, launched under President Trump in January 2025, now holding over $20 billion in value. 

According to Bhandari, this move by the U.S. showcases Bitcoin’s role as a hedge against inflation and a long-term reserve asset. He added that India could benefit by exploring a pilot reserve strategy based on the U.S. model.

Bhandari also argued that Bitcoin’s decentralized design makes it an ideal fit for reserve diversification. He mentioned its fixed supply of 21 million coins and its liquidity as advantages over traditional assets like gold or fiat currencies. 

US BitCoin Reserve signals a shift: An Opening for India

My editorial on @IndiaToday https://t.co/R3hOIwxCaz#Bitcoin2025

— Pradeep Bhandari(प्रदीप भंडारी) (@pradip103) June 26, 2025

The digital nature of Bitcoin, he noted, offers India the chance to position itself as a tech-forward, Web3-supportive economy.

Bhutan’s Bitcoin Mining Cited as Regional Example

Bhandari also pointed to Bhutan’s ongoing BTC mining initiative as a potential framework India could follow. 

Since 2021, Bhutan has mined Bitcoin using hydropower, building a reserve exceeding $1 billion by mid-2025. He noted that India’s renewable energy potential far exceeds Bhutan’s, suggesting that a sustainable Bitcoin strategy could be viable and impactful. 

However, he cautioned that scale, regulation, and infrastructure would need to be addressed.

According to him, Bhutan’s approach illustrates how smaller nations can leverage Bitcoin to boost fiscal strength and fund public development. In his view, India could achieve similar results by creating a controlled policy framework that supports responsible mining and reserve accumulation.

Policy Reform Urged as Global Crypto Moves Accelerate

While India taxes crypto gains, its regulatory policy remains unclear. 

Bhandari stressed the need for clarity, especially as countries like the U.S., Brazil, and China push forward with BTC strategies. During its G20 presidency, India helped form a crypto working group with the IMF, but local progress has been limited.

He highlighted that the IMF now classifies Bitcoin as a capital asset, increasing the urgency for India to update its legal and policy framework. With institutional investors showing rising interest and other BRICS nations advancing their crypto agendas, Bhandari urged India not to fall behind.

Bhandari underlined that BTC has matured into a credible store of value, citing its recognition by U.S. regulators and inclusion in state-level reserve policies. He noted that three U.S. states now allow public funds to be held in Bitcoin, suggesting a growing trend of formal adoption.

For India, the next step may involve testing Bitcoin as part of its sovereign reserves. Bhandari concluded that the time has come for India to act before others set the standard.

 

The post India Crypto Policy Shift? BJP Spokesperson Calls for Bitcoin as National Reserve appeared first on Blockonomi.

TLDR:

Hong Kong to license stablecoin issuers under new rules effective August 1, 2025.

LEAP framework to guide crypto platforms, custodians, and tokenized asset development.

City plans to issue tokenized ETFs and streamline stamp duty rules for secondary trading.

Government funds blockchain pilots through Cyberport to drive real-world crypto use.

Hong Kong has unveiled a fresh blueprint to advance its digital asset ecosystem and strengthen its standing in global finance. 

The government released “Policy Statement 2.0 on the Development of Digital Assets in Hong Kong” on June 26. It outlines a detailed plan to balance innovation with investor protection while unlocking real-world use cases. This follows the city’s first digital asset policy announcement in 2022. 

Authorities aim to position Hong Kong as a secure and progressive hub for digital finance.

Hong Kong Updates Crypto and Stablecoin Regulatory Framework

The updated framework introduces the “LEAP” model to shape the digital asset market. It begins by tightening legal structures for digital asset platforms, including stablecoins and custodians. 

The Securities and Futures Commission (SFC) will lead new licensing rules for digital asset dealers and custodians. Meanwhile, the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority will review legal standards for tokenized assets.

This legal streamlining includes asset registration, settlements, and transaction record-keeping. Stablecoin issuers will also face new licensing requirements starting August 1, creating a path for compliant real-world applications. According to the government, the changes will encourage clarity and improve market integrity.

The Govt issues its “Policy Statement 2.0 on the Development of #DigitalAssets in Hong Kong”, reinforcing a commitment to establishing Hong Kong as a global hub for innovation in the digital asset field #PaulChan #ChristopherHui https://t.co/TtP7wxDZSA

— Hong Kong SAR Government News (@newsgovhk) June 26, 2025

Besides regulatory updates, Hong Kong plans to boost the use of tokenized financial products. The government will continue issuing tokenized bonds and may introduce tokenized exchange-traded funds (ETFs). 

Authorities intend to improve stamp duty clarity for tokenized ETFs, enabling smooth secondary trading on licensed platforms.

The policy encourages the digitization of real-world assets such as metals and renewable energy tools. These efforts aim to show how tokenization can increase liquidity and expand access to a wider range of investment products.

Encouraging Real-World Use Cases Through Strategic Partnerships

To support innovation, the city will launch funding schemes for blockchain-based applications through Cyberport. 

The goal is to promote scalable, high-impact digital asset use cases. Authorities are also exploring stablecoin adoption by encouraging industry proposals on potential government testing programs.

Additionally, collaboration between regulators, law enforcement, and technology firms will shape critical digital infrastructure. These partnerships are expected to speed up the development of secure and compliant crypto services across sectors.

The policy outlines efforts to develop skilled professionals and support academic partnerships. The aim is to build a sustainable talent pipeline and foster global cooperation. Hong Kong plans to act as a center for digital asset research and cross-border regulatory development.

Financial Secretary Paul Chan said the policy reflects the government’s intention to merge innovation with market safety. Secretary Christopher Hui added that Hong Kong’s position as a financial bridge gives it a key role in the next phase of the digital asset economy.

 

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TLDR:

Invesco and Galaxy become the 9th duo to file for a Solana ETF amid rising altcoin demand.

SOL rebounds from $126 support, holding above $145 with bullish wave formation in play.

U.S. crypto bill H.R. 3633 may accelerate Solana ETF approvals as rules become clearer.

Technicals show no bearish divergence, suggesting continuation toward $162 and $172 targets.

Interest in Solana continues to rise as Invesco and Galaxy Digital become the ninth pair of issuers to file for a Solana ETF. Their move comes amid growing institutional momentum for altcoin-backed funds, especially as U.S. lawmakers push to clarify crypto regulation. 

The timing coincides with strong technical indicators that suggest Solana may be entering a bullish phase. With market conditions shifting and demand for diverse crypto exposure growing, Solana’s position as a top digital asset appears to be strengthening.

Analysts say momentum is building as investor demand rises alongside clearer regulatory signals.

Solana ETF Applications Reflect Institutional Confidence 

The joint S-1 filing by Invesco and Galaxy Digital highlights deepening institutional engagement with Solana. 

According to Bloomberg ETF analyst James Seyffart, this brings the total number of Solana ETF filings to nine. This growing competition points to rising expectations for alternative crypto ETFs beyond Bitcoin and Ethereum.

NEW: @InvescoUS (and @galaxyhq) just filed for a Solana ETF. That makes Nine issuers that have filed for a Solana ETF now. pic.twitter.com/iu3OZVO9Pg

— James Seyffart (@JSeyff) June 25, 2025

The regulatory backdrop is also shifting. The House Financial Services Committee recently advanced the Digital Asset Market Clarity Act (H.R. 3633). This bill aims to define regulatory responsibilities between the SEC and CFTC, which could speed up ETF approvals. 

With clearer rules ahead, issuers appear more confident launching products tied to altcoins like Solana.

Solana’s recent price movement mirrors the enthusiasm surrounding these ETF filings. Financial trader Matthew Dixon noted that SOL bottomed out at $126.03 and has since shown a clear recovery pattern. 

Chart data confirms that this low acted as a strong macro support.

The price has rebounded above $145, hovering just below the 0.236 Fibonacci level at $148.83. Analysts believe flipping this level into support could trigger a larger upside move toward $162 and potentially $172.

Crypto spring, summer is coming.
At long last – THE BULL RUN HAS BEGUN #SOL RECENTLY BOTTOMED AT $SOL 126.03 AND HAS CONFIRMED THE BEGINNING OF THE NEXT MAJOR IMPULSE TO THE UPSIDE.
This will carry not only #Solana much higher (with only minor corrections) but also the… pic.twitter.com/n4BbrafPNJ

— Matthew Dixon – Veteran Financial Trader (@mdtrade) June 26, 2025

Solana Technical Indicators Support Bullish Momentum

Chart patterns reveal a wave structure consistent with a developing bullish cycle. 

The recent rebound appears to mark the start of a wave 3 impulse, often the strongest in Elliott Wave formations. The RSI on the 4-hour chart remains above 55, showing continued buyer strength with no bearish divergence in sight.

As long as SOL holds above $135 and breaks past $148.83, further gains remain possible. These levels align with rising optimism across the broader crypto market, with assets like BTC and ETH also showing recovery signs.

Per CoinMarketCap, Solana holds the sixth-largest market cap in crypto, currently valued at $78.21 billion. With a daily trading volume above $3.4 billion, investor activity remains high. 

While the price has dipped slightly by 0.31% in the last 24 hours, it is still up over the past week.

 

The post Invesco and Galaxy Join Race for Solana ETF as SOL Price Momentum Builds appeared first on Blockonomi.

TLDR:

IDX ETF targets Bitcoin and gold as a fiat alternative using dynamic rebalancing.

Fund uses futures, options, and ETPs instead of direct asset holdings.

Weekly portfolio shifts adapt to volatility and momentum signals.

Exposure may include ETH, silver, and crypto-linked equities under 40% allocation.

A new exchange-traded fund (ETF) combining Bitcoin and gold has entered the regulatory pipeline. The IDX Alternative FIAT ETF, filed by IDX Advisors, aims to offer capital appreciation through a dynamic blend of digital assets and precious metals. 

Rather than focusing solely on speculative gains, the fund seeks to act as a potential hedge against traditional fiat currencies. With a rules-based model, the ETF will adjust allocations based on market conditions. 

This approach reflects the growing demand for hybrid portfolios as crypto and gold interest investors amid macro uncertainty.

Bitcoin and Gold at the Core of IDX Strategy

According to the fund’s preliminary prospectus filed with the SEC, the ETF will primarily hold Bitcoin and gold exposure. 

The strategy revolves around balancing the two assets dynamically, using risk signals like volatility and momentum. While the fund won’t hold physical Bitcoin or gold directly, it will invest through futures, options, swaps, and selected exchange-traded products (ETPs).

The structure relies on a Cayman Islands-based subsidiary, which allows more flexible exposure to underlying digital assets without breaching U.S. tax rules. The fund will also target 1.25x leveraged exposure to these assets and may hold cash, U.S. Treasuries, and other equivalents for liquidity.

High-Turnover, Rules-Based Allocation

James Seyffart, Bloomberg ETF analyst, noted the unusual pairing of Bitcoin and gold. He framed it as a modern hedge fund-like structure inside a regulated ETF wrapper. 

INTERESTING: A new filing from earlier today. The "IDX Alternative FIAT ETF" It will invest in a blend of digital assets and precious metals, primarily focusing on Bitcoin and gold pic.twitter.com/4vYHX3G6of

— James Seyffart (@JSeyff) June 25, 2025

He pointed out that the name, Alternative FIAT ETF, implies ambitions beyond simple returns, possibly positioning the product as a store-of-value alternative.

The ETF is expected to turn over its portfolio at a rate of at least 300% per year. Weekly rebalancing will respond to changing market risk, ensuring the mix of assets remains aligned with momentum and volatility signals. 

The model prioritizes stability across cycles rather than chasing rallies.

Exposure Beyond Bitcoin and Gold

Although Bitcoin and gold remain central, the fund may allocate less than 40% to secondary assets such as Ether, silver, and blockchain-linked equities. This includes miners and infrastructure firms, providing broader exposure to the digital and commodity ecosystems.

ETF analyst Henry Jim highlighted the broader market implications. He noted this hybrid strategy could appeal to investors seeking diversification without committing fully to crypto or traditional commodities. 

Bitcoin + Gold futures ETF filed. May have plans to become currency alternative at some point, hence the name:

IDX Alternative FIAT ETF
ticker/fees: tba
effective date: Sept 8, 2025

IDX:https://t.co/RCXVxUgjyp

Preliminary prospectus:https://t.co/Xvp583Olu9 pic.twitter.com/0i2NwhBngJ

— ETF Hearsay by Henry Jim (@ETFhearsay) June 25, 2025

The filing comes with an effective date of September 8, 2025, pending SEC review. If approved, it could join the growing suite of digital-asset ETFs aimed at offering regulated exposure to volatile but increasingly popular assets.

 

The post IDX Files Bitcoin and Gold ETF as Alternative Currency Hedge Strategy appeared first on Blockonomi.

TLDR:

Kraken secures MiCA license, unlocking access to 30 EEA nations.

Approval strengthens Kraken’s retail and institutional EU footprint.

License adds to e-money and MiFID approvals secured in Ireland.

EU’s MiCA rules bring consistent compliance and consumer safeguards.

 Kraken has received the green light to broaden its crypto services across Europe. 

The U.S.-based crypto exchange obtained a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This approval allows Kraken to operate in all 30 European Economic Area countries under a unified regulatory framework.

The license complements previous authorizations, including its 2023 e-money license and a MiFID authorization secured earlier in 2025. With this milestone, Kraken positions itself to serve both retail and institutional clients under consistent regulatory standards.

Kraken MiCA License Enhances EU Strategy

Kraken’s MiCA authorization opens the door for deeper access to the European market. 

The exchange can now provide fully regulated services across the EU, including crypto trading, custody, and payment offerings. Company co-CEO Arjun Sethi described the license as a reflection of Kraken’s long-term approach to regulatory compliance and client trust.

According to Kraken, the Central Bank of Ireland’s approval reflects the firm’s alignment with one of the EU’s strictest financial oversight bodies. By meeting this threshold, Kraken can now scale operations faster and offer crypto services aligned with MiCA’s rules on transparency and consumer protection.

Kraken, the second-largest crypto exchange in the U.S., has announced that it has received a MiCA license from the Central Bank of Ireland, allowing it to offer compliant crypto services across all 30 EU member states. This marks another key regulatory milestone for Kraken,…

— Wu Blockchain (@WuBlockchain) June 26, 2025

Kraken’s regulatory expansion follows a strong presence in several European jurisdictions. It already holds Virtual Asset Service Provider (VASP) registrations in markets such as Ireland, France, Spain, and the Netherlands. 

The company also introduced euro-denominated crypto trading as early as 2013 and now operates one of the most liquid euro-crypto trading platforms.

In February 2025, Kraken obtained authorization under MiFID, which governs investment services. Combined with the MiCA and e-money licenses, Kraken now has a comprehensive legal structure to grow its European operations across different product segments.

Regulated Services Aim to Grow Retail and Institutional Access

With the MiCA license, Kraken plans to enhance offerings for institutional, professional, and retail clients. 

Services will span spot trading, derivatives, and payments, all within an EU-compliant structure. Users can expect more consistency in service quality and stronger consumer protections.

MiCA introduces common rules across the EU, which include strict reporting standards and increased operational transparency. For Kraken, this regulatory alignment is expected to deepen user trust and support growth in its European client base.

Kraken emphasized that the approval reflects years of preparation and cooperation with Irish authorities. The exchange thanked the Central Bank of Ireland, the Irish government, and IDA Ireland for their role in the process.

With the MiCA license secured, Kraken joins a small group of exchanges positioned to operate fully within the EU’s crypto framework.

 

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TLDR:

CBOE files ETF mixing PENGU tokens with Pudgy Penguins NFTs for SEC approval.

ETF allocates up to 95% to PENGU, 15% to NFTs, with no leverage or derivatives used.

SEC review underway; approval possible before March 1, per Bloomberg’s Eric Balchunas.

Canary Capital to handpick NFTs based on rarity, pricing, and visual appeal.

A new crypto-linked ETF may soon make history. 

The CBOE has filed a 19b-4 form for the Canary PENGU ETF, a fund combining PENGU memecoins with Pudgy Penguins NFTs. This marks the first NFT-inclusive ETF to enter the SEC’s official review process. It follows a broader wave of digital asset filings that intensified after Donald Trump’s 2024 election win. 

With this move, Canary Capital positions PENGU alongside traditional assets like BTC and SOL in the regulated investment space.

Canary PENGU ETF Mixes Tokens and NFTs

According to the filing, the ETF will allocate 80–95% of its assets to PENGU tokens and 5–15% to Pudgy Penguin NFTs. The structure offers traditional investors indirect access to both digital collectibles and memecoin-style assets. 

Canary Capital will actively manage the portfolio, rebalancing it based on market trends and NFT desirability.

The PENGU token, issued on Solana, acts as a utility token tied to the Pudgy Penguins community. Although it lacks a dedicated use case, its link to the popular NFT project has driven community interest. 

The fund may also hold small amounts of ETH and SOL, but only to support NFT and token transactions, not for investment. 

Balchunas Hints at Early Launch Timeline for PENGU ETF

Bloomberg ETF analyst Eric Balchunas noted that the SEC review is now underway. 

The Canary PENGU ETF, the first and only spot pudgy penguin filing, just got its 19b-4 filing via CBOE. On clock soon. pic.twitter.com/852jIPtuvF

— Eric Balchunas (@EricBalchunas) June 25, 2025

He stated that March 1, probably next year, is the deadline for approval, but earlier approval remains likely. The review falls in line with recent activity at the SEC, which is expected to outline standards for digital asset ETFs soon. 

If approved, this would be the second memecoin-style ETF after DOGE and the first to include NFTs.

The ETF aims to make digital assets more accessible through regular brokerage accounts, removing direct custody risks for everyday investors. It avoids leverage, derivatives, or lending practices, offering a straightforward structure for crypto exposure.

NFT Selection Process and Risk Profile

Canary Capital will handpick which NFTs to include based on rarity, pricing, and visual traits. 

However, the sponsor retains discretion to buy or sell NFTs at any time, depending on market activity. Given the speculative nature of memecoins and NFTs, the fund is categorized as high risk. 

The SEC filing notes that shareholders will not receive direct benefits from holding PENGU or the NFTs.

By pushing the PENGU ETF into regulatory territory, Canary Capital opens the door for future NFT-backed investment products. If approved, it could become a landmark step in merging crypto culture with mainstream finance.

 

The post SEC to Review First NFT-Backed ETF as PENGU Joins DOGE in Crypto Funds appeared first on Blockonomi.

TLDR:

Bit Digital to exit BTC mining and reinvest in Ethereum staking infrastructure.

ETH holdings exceed 24,000 as firm pivots to long-term yield generation.

Staking-focused strategy aligns with rising institutional interest in Ethereum.

Short-term volatility expected as legacy BTC investors rotate out of BTBT.

Bit Digital is transitioning away from Bitcoin mining as it shifts its focus to an Ethereum-focused staking and treasury firm. 

The company plans to sell or wind down its mining operations and reinvest those funds into Ethereum. This strategic shift marks a clear change in direction, aligning Bit Digital with growing institutional interest in ETH over BTC. 

By pivoting early, the firm positions itself to capitalize on emerging trends in yield-focused crypto investments. The move could reshape its investor profile as traditional miners exit and new stakeholders enter.

Bit Digital Strategic Repositioning Signals Institutional Alignment

Accordingto a company release dated June 25, Bit Digital has already begun the process of exiting its Bitcoin mining operations. Proceeds from this exit will be used to strengthen its Ethereum position. 

As of March 2025, Bit Digital held over 24,000 ETH, a position valued at around $44.6 million. The company also held 417 BTC at the time, worth approximately $34.5 million, which it plans to convert into ETH gradually.

Bit Digital (Nasdaq: BTBT) has announced a strategic shift to become a pure-play Ethereum staking and treasury company. The firm plans to wind down its Bitcoin mining operations and redeploy the proceeds into ETH. As of the end of March, Bit Digital held approximately 24,434.2…

— Wu Blockchain (@WuBlockchain) June 25, 2025

The firm started accumulating ETH in 2022 and has steadily built a staking infrastructure. With this transition, Bit Digital aims to become a dedicated ETH-native platform focusing on staking yields and treasury management.

Commentary from the crypto community suggests the move is seen as progressive rather than reactive. 

Alva, a digital asset analytics platform, noted that sentiment remains bullish around Bit Digital’s pivot. The firm described the decision as a bet on long-term staking returns rather than short-term mining gains.

They also suggested that the change aligns with the broader shift in institutional capital from Bitcoin to Ethereum. As ETH staking yields mature, Bit Digital could attract yield-focused investors who prefer Web3-based income strategies.

Price Volatility May Follow Exit From Mining

Market watchers noted that short-term volatility may affect Bit Digital’s stock. Some legacy investors focused on Bitcoin mining might rotate out following the transition. 

However, if ETH staking returns hold steady and Ethereum ETF interest grows, the firm could see a new wave of institutional inflows.

The company’s Nasdaq-listed stock (BTBT) may experience temporary shifts as its investor base evolves. Still, the transition toward Ethereum-focused operations reflects growing market confidence in ETH’s long-term value.

With this move, Bit Digital is positioning itself to benefit from Ethereum’s role in the evolving digital economy. By divesting from Bitcoin mining and embracing staking infrastructure, the company is aligning with changing narratives in crypto finance. 

The move highlights how firms are adjusting their strategies in real time to match market shifts, particularly as Ethereum continues to gain traction among institutional investors.

 

The post Bit Digital Shifts Focus to Ethereum Staking, Phases Out Bitcoin Mining appeared first on Blockonomi.

TLDR:

FalconX joins Lynq to strengthen real-time crypto settlement network before launch.

Lynq enables interest-bearing settlement with support from Crypto.com, Fireblocks.

Yield-in-Transit lets users earn returns during transactions using tokenized treasuries.

Institutional firms back Lynq as it targets faster, safer digital asset settlement.

Lynq has added FalconX to its roster of launch partners, reinforcing support for real-time, interest-bearing settlement in crypto markets. 

The growing network already includes B2C2, Crypto.com, Fireblocks, Galaxy, and Wintermute. FalconX’s entry signals rising institutional trust in Lynq’s infrastructure model. 

As crypto firms seek faster, safer settlement options, Lynq is positioning itself as a compliant and efficient solution. The platform aims to streamline capital movement while reducing exposure to market fragmentation and risk.

FalconX Integrates Ahead of Launch

According to Lynq, FalconX is actively connecting to the network through API integration ahead of the platform’s go-live date. 

The prime brokerage brings significant trading volume and client reach, which Lynq believes will help accelerate adoption. Jerald David, CEO of Lynq, noted that FalconX’s involvement would strengthen liquidity and enhance network value.

David described FalconX as a “driving force” for Lynq’s mission to simplify and secure digital asset settlement. The collaboration follows Crypto.com’s recent decision to integrate with Lynq, making it the first major exchange to do so. 

Fireblocks has also enabled access for over 2,000 clients through its own interface.

Built through a partnership between Arca Labs, Tassat Group, and tZERO, Lynq operates as a broker-dealer-driven utility for real-time settlement. It uses a tokenized treasury fund structure, with custody managed by a special-purpose broker. 

The inclusion of FalconX adds to a strong lineup of institutional participants, reflecting broader alignment within the crypto and financial ecosystem.

Service providers like Avalanche and U.S. Bank also back the network. This backing supports Lynq’s vision of a scalable and compliant solution that meets the needs of today’s digital finance markets.

Delivering Real-Time Efficiency

FalconX Vice President Bob Rutherford said the partnership was aligned with the firm’s focus on infrastructure that creates measurable client benefits. 

He added that real-time settlement and capital efficiency are increasingly important for institutional trading operations.

Lynq’s Yield-in-Transit system lets users earn interest even while settling transactions, which increases asset productivity. The platform also emphasizes transparency and security through proof-of-reserves and a bankruptcy-remote architecture.

With its expanding list of day-one partners, Lynq continues to gain traction among institutions seeking more efficient transaction systems. The platform’s real-time capabilities and interest-bearing features could help shape the next generation of crypto settlement. 

 

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TLDR:

U.S. tariff collections hit $23B in May, pushing monthly total past $30B

Lutnick claims tariff income supports rate cuts by easing the federal deficit

Powell warns tariffs could fuel inflation, urges caution on lowering rates

Online critics argue tariffs raise consumer costs and don’t cut deficits

The US government is now collecting over $30 billion each month from tariffs, according to Commerce Secretary Howard Lutnick. 

This figure comes as debate intensifies over interest rate cuts, with Federal Reserve Chair Jerome Powell signaling caution. While inflation pressures appear to be easing, policy experts remain divided on how tariffs and rate decisions will impact the broader economy. 

Recent customs data also shows a record $23 billion collected in May alone. These developments have added complexity to an already heated conversation about inflation, borrowing costs, and economic growth.

Tariff Collections Reach New Highs

Howard Lutnick claimed the current tariff revenue is topping $30 billion monthly, a sharp rise from earlier figures. He suggested this surge is helping reduce the US deficit by bringing in direct cash to the Treasury. 

In his view, strong revenue combined with low inflation supports an urgent case for rate cuts. However, recent US Customs and Border Protection data revealed a total of $23 billion collected in May, marking a new monthly record. 

I just listened again to Jerome Powell testify. He goes out of his way to call out tariff price increases POTENTIALLY adding to inflation, as if he’s seen some, but,in fact, he testifies that over the last 2.5 months such inflationary price increases have not materialized. ZERO.…

— Howard Lutnick (@howardlutnick) June 25, 2025

Lutnick argued that this windfall should factor into monetary policy decisions. He added that higher tariff income could reduce the need for borrowing, easing pressure on federal interest payments.

Jerome Powell has maintained a careful stance on interest rates, despite calls for immediate cuts. While testifying recently, he acknowledged that inflation had slowed but warned of potential risks ahead. Among them, he flagged tariffs as a possible source of future price increases.

Powell emphasized that inflation expectations, not just past trends, shape rate policy. Although no recent surge in consumer prices has been linked to tariffs, he advised staying alert. His position suggests the Fed prefers to observe long-term effects before acting.

Online Debate Over Tariff Impact

Lutnick’s remarks triggered sharp responses on social media. One user, posting under the handle Caring Guy, disputed the claim that tariffs reduce the deficit. 

He pointed out that tariff revenue is collected from US importers, not foreign producers. These costs, he argued, are passed down to American consumers.

This post demonstrates a couple of things. one this is the stupidest cabinet that has ever been assembled. Two Rich doesn't equate to smart.

Howard, nearly everything in your post is either misrepresented, misunderstood, or dangerously ignorant.

First, Jerome Powell did not say…

— Caring Guy (@caringguy1957) June 25, 2025

Critics stressed that using tariffs as a growth tool could backfire by increasing domestic prices and lowering demand. They also warned that revenue from tariffs is not a permanent solution for fiscal shortfalls.

While tariffs may boost Treasury inflows short-term, the Fed’s decisions hinge on broader economic trends. Experts note that rate policy must weigh inflation forecasts, global financial stability, and employment data. 

Reducing rates too soon could risk reigniting inflation or undermining investor confidence.

The conversation continues as Powell’s next policy meeting approaches. Whether rising tariff revenues will influence the Fed’s decision remains to be seen.

 

The post Lutnick Calls for Rate Cuts Amid $30 Billion Tariff Boom, Fed Stays Cautious appeared first on Blockonomi.

TLDR:

Metaplanet secures $515M through 540K exercised Series-20 stock warrants.

New shares push company total to 654M, up from 600M in one day.

Firm targets 30,000 BTC by 2025 and 100,000 BTC by 2026.

1.31M warrants remain, leaving room for further capital raises.

Metaplanet Inc., a Japan-listed firm, has initiated a major expansion effort with fresh capital raised through warrant exercises. 

On June 24, principal shareholder EVO Fund exercised over half a million Series-20 stock acquisition rights, triggering the issuance of 54 million new shares. This single-day transaction brought in approximately $515 million, significantly strengthening Metaplanet’s balance sheet. 

The move aligns with the company’s strategy to ramp up Bitcoin holdings to 30,000 BTC by year-end. A longer-term goal sets the target at 100,000 BTC by 2026, signaling a deeper pivot into digital assets.

According to an official filing, EVO Fund exercised 540,000 stock acquisition rights on June 24. These rights accounted for 29.19% of the total 1.85 million units issued. 

Each right converted into 100 shares, adding 54 million shares to Metaplanet’s outstanding stock. The newly issued shares brought the company’s total to over 654 million, up from 600 million the previous day. 

The exercise price was set at 1,388 yen per share, though the company has not yet disclosed proceeds in yen.

Metaplanet Plans Massive Bitcoin Holdings

The funding is expected to support Metaplanet’s Bitcoin acquisition strategy. According to Wu Blockchain, the company aims to hold 30,000 BTC by December 2025. 

Japan-listed Metaplanet said that principal shareholder EVO Fund exercised 540,000 Series-20 warrants, triggering the issue of 54 million new shares and raising about US $515 million on day one. The plan envisions issuing up to 555 million shares in total, with a target of…

— Wu Blockchain (@WuBlockchain) June 25, 2025

The long-term objective of reaching 100,000 BTC by 2026 places it among the most ambitious corporate Bitcoin holders globally. This aggressive timeline reflects growing confidence among Japanese firms embracing digital assets. 

Market watchers see this move as part of a broader institutional shift into Bitcoin, especially in Asia.

Despite the large exercise, 1.31 million rights remain unexercised, representing 131 million potential new shares. The company plans to issue up to 555 million shares through this series alone. This ongoing process gives Metaplanet flexibility to secure more capital in the months ahead. 

The firm previously detailed the terms in a June 6 announcement, outlining price adjustment and suspension clauses tied to the third-party allotment.

Shareholder Activity Signals Long-Term Crypto Confidence

Metaplanet’s bold expansion comes amid increasing crypto adoption among traditional firms. By converting stock acquisition rights, EVO Fund has effectively endorsed the company’s digital asset strategy.

The capital injection strengthens Metaplanet’s position as it builds a significant Bitcoin portfolio. As institutional involvement deepens, such moves may become more common across public markets.

 

The post Metaplanet Raises $515M to Accelerate Bitcoin Strategy, Targets 30,000 BTC by Year-End appeared first on Blockonomi.

TLDR:

Aurora Mobile commits up to 20% of reserves to crypto assets

Bitcoin, Ethereum, Solana, and SUI selected for treasury allocation

Firm aims to diversify assets while maintaining operational liquidity

Move reflects growing corporate interest in blockchain investments

Aurora Mobile has authorized a move into digital assets as part of a broader treasury strategy. The Nasdaq-listed tech company will allocate up to 20% of its total cash reserves to cryptocurrencies. These include Bitcoin, Ethereum, Solana, SUI, and other digital tokens. 

The initiative aligns with its effort to preserve asset value while expanding its global and technological reach. The decision comes amid rising interest in blockchain-based diversification among traditional firms.

Nasdaq-listed Aurora Mobile Eyes Crypto for Treasury Diversification

Aurora Mobile, based in China and listed under the ticker JG, confirmed the approval via a company release on Tuesday. The board’s decision follows internal discussions focused on modernizing treasury operations while maintaining sufficient liquidity for business operations.

According to CEO Weidong Luo, the plan aims to diversify exposure through a low-correlation asset class. He noted that the strategy reflects a growing shift in how companies manage reserves amid changing financial markets. 

Luo also emphasized that crypto investments would not interfere with ongoing growth initiatives or operational funding.

The board of directors of Nasdaq-listed Aurora Mobile has approved the investment of up to 20% of the company's and its consolidated entities' cash and equivalents in Bitcoin, Ethereum, Solana and SUI, among others. Aurora Mobile is a Chinese marketing technology provider.…

— Wu Blockchain (@WuBlockchain) June 25, 2025

The approved investment scope includes Bitcoin and Ethereum, the two largest digital assets by market value. Aurora Mobile will also include Solana and SUI in its basket of target tokens. This move highlights increasing corporate recognition of emerging layer-1 tokens beyond the major two.

While the exact allocation across individual assets was not disclosed, the company stated it may invest gradually under its approved treasury framework. The focus remains on maintaining flexibility while adapting to the crypto market.

Strategic Pivot Tied to Long-Term Tech Goals

This development signals more than just financial diversification. 

Aurora Mobile sees its crypto treasury approach as part of a broader plan to stay in sync with Web3 and digital finance growth. The firm, known for cloud-based marketing and engagement tools, aims to position itself at the intersection of tech adoption and financial innovation.

The company also reaffirmed its commitment to its AI-driven growth roadmap and international expansion strategy. This dual-engine approach, according to management, remains the core focus, even as it taps into blockchain assets.

Traders are watching Aurora Mobile’s crypto entry to see how it affects prices and signals growing corporate interest in Asia. Aurora Mobile’s decision could set a new tone for regional firms exploring blockchain-based asset exposure.

 

The post Aurora Mobile Allocates 20% of Cash to Bitcoin, Ethereum, Solana, and SUI in Bold Treasury Shift appeared first on Blockonomi.

Fluence is building what centralized clouds cannot: an open, low cost and enterprise grade compute layer that is sovereign, transparent, and open to everyone. 2025 has started the way 2024 ended with cloud giants investing aggressively to dominate AI infrastructure.

Microsoft is spending over $80 billion on new data centers, Google launched its AI Hypercomputer, Oracle is investing $25 billion into its Stargate AI clusters, and AWS is prioritizing AI-native services. Specialized players are scaling rapidly too. CoreWeave raised $1.5 billion in its March IPO and is worth over $70 billion currently.  

As AI becomes critical infrastructure, access to compute power will be one of the defining battles of our era. While hyperscalers consolidate and centralize compute power by building exclusive data centers and vertically integrating silicon, networks like Fluence offer a radically different vision—a decentralized, open, and neutral platform for AI compute, tokenizing compute to meet AI’s exponential demand and having FLT as a RWA Tokenized compute asset. 

Fluence is already collaborating with top decentralized infrastructure networks across AI (Spheron, Aethir, IO.net) and storage (Filecoin, Arweave, Akave, IPFS) on multiple initiatives, reinforcing its position as a neutral compute-data layer. To bring this vision to life, the roadmap for 2025–2026 focuses on the convergence of three key action areas:

1. Launching A Global GPU-Powered Compute Layer

Fluence will soon support GPU nodes across the globe, enabling compute providers to contribute AI-ready hardware to the network. This new GPU mesh will upgrade Fluence platform from CPU-based capacity into an additional AI-grade compute layer, designed for inference, fine-tuning, and model serving. Fluence will integrate container support for secure, portable GPU job execution. Containerization enables reliable ML workload serving and establishes critical infrastructure for future inference, fine-tuning, and agentic applications across the decentralized network.

Fluence will explore privacy-preserving inference through confidential computing for GPUs, keeping sensitive business or personal data private while helping reduce costs of AI inference. Using trusted execution environments (TEE) and encrypted memory, this R&D initiative enables sensitive workload processing while maintaining decentralization and supporting sovereign agent development.

Key Milestones:

GPU node onboarding – Q3 2025

GPU container runtime support live – Q4 2025

Confidential GPU computing R&D track kickoff – Q4 2025

Pilot confidential job execution – Q2 2026

2. Hosted AI Models And Unified Inference

Fluence will provide one-click deployment templates for popular open-source models including LLMs, orchestration frameworks like LangChain, agentic stacks, and MCP servers. The Fluence platform AI stack will be expanded with an integrated inference layer for hosted models and agents. This simplifies AI model deployment while leveraging community contributions and external development support.

Model + orchestration templates live – Q4 2025

Inference endpoints and routing infra live – Q2 2026

3. Enabling Verifiable, Community-Driven SLA 

Fluence will introduce a new approach to network trust and resilience through Guardians—retail and institutional actors who verify compute availability. Rather than relying on closed dashboards, Guardians monitor infrastructure through decentralized telemetry and earn FLT rewards for enforcing service-level agreements (SLAs).

Guardians turn an enterprise-grade infrastructure network into something anyone can participate in—without needing to own hardware. The Guardian program is complemented by the Pointless Program, a gamified reputation system that rewards community contributions and leads to Guardian eligibility.

Key Milestones:

Guardian first batch – Q3 2025

Guardians full rollout and programmatic SLA – Q4 2025

4. Integrating AI Compute with a Composable Data Stack

AI is not just compute—it’s compute + data. Fluence is building deep integrations with decentralized storage networks like Filecoin, Arweave, Akave, and IPFS to provide developers with access to verifiable datasets alongside execution environments. These integrations will allow users to define jobs that access persistent, distributed data and run on GPU-backed nodes—turning Fluence into a full-stack AI backend that is orchestrated via FLT. 

To support this, the network will offer composable templates and prebuilt SDK modules for connecting compute jobs with storage buckets or on-chain datasets. Developers building AI agents, LLM inference tools, or science applications will be able to treat Fluence like a modular AI pipeline—with open data, compute, and validation stitched together by protocol logic.

Key Milestones:

Decentralized storage backups – Q1 2026

Integrated dataset access for AI workloads – Q3 2026

From Cloudless Compute To Shared Intelligence

With a roadmap focused on GPU onboarding, verifiable execution, and seamless data access, Fluence is laying the foundation for the next era of AI—one that will not be controlled by a handful of hyperscalers, but powered by a global community of cooperating and decentralized compute providers and participants

The infrastructure for AI must reflect the values we want AI to serve: openness, collaboration, verifiability and accountability. Fluence is turning that principle into a protocol.

Join the mission:

Apply as a GPU provider

Sign up for the Fluence Beta for Cloudless VMs

Start climbing the Pointless leaderboard and earn your way to Guardian status

The post Fluence AI Roadmap: Delivering A Neutral Compute Layer for the Future of Intelligence With FLT appeared first on Blockonomi.

TLDR:

Chainlink and Mastercard unlock direct crypto access for 3B+ global cardholders

Swapper Finance enables real-time fiat-to-crypto swaps without centralized exchanges

Liquidity sourced from Uniswap; infrastructure powered by Zerohash and Shift4

Partnership marks major leap in connecting traditional payments to DeFi ecosystems

Chainlink has partnered with Mastercard to allow over 3 billion cardholders to buy crypto directly on-chain. 

The collaboration uses Chainlink’s secure data infrastructure and Mastercard’s global payments network to simplify the fiat-to-crypto process. Through this partnership, users can now access crypto markets seamlessly without needing centralized exchanges. 

The move reflects a growing push to merge traditional finance with decentralized solutions. By using Swapper Finance as a gateway, the initiative opens doors to a broader Web3 economy.

Chainlink and Mastercard Deal Opens On-Chain Access

The two companies are joining forces to remove long-standing barriers between fiat payments and on-chain crypto access. 

According to Chainlink, the project enables cardholders to convert local currencies into digital assets in real time. This is done without leaving the blockchain ecosystem, offering a new level of transparency and automation.

We’re excited to announce that Chainlink and @Mastercard have partnered to enable billions of cardholders to purchase crypto directly onchain.https://t.co/1pKz03jQ7t

Chainlink verifies and synchronizes key… pic.twitter.com/5jfLAAYn4D

— Chainlink (@chainlink) June 24, 2025

Swapper Finance, the decentralized application powering the process, is now live. Built using Chainlink’s standards, it serves as the main user interface. Mastercard’s network enables card transactions, while Chainlink handles verification and synchronization of data between systems.

Swapper Finance relies on XSwap, a decentralized exchange from the Chainlink ecosystem, to perform trades. 

Liquidity is sourced from protocols such as Uniswap, enabling direct execution of onchain swaps. The process also integrates Shift4 Payments for seamless card processing and user onboarding.

Zerohash powers the underlying infrastructure for regulated fiat-to-crypto conversion. 

The firm provides custody, compliance, and transactional support while abstracting the complexities of smart contract operations. These layers work together to deliver a smooth user experience that complies with global standards.

Driving Real-World Use for Crypto Technology

The collaboration marks a step toward merging real-world payments with decentralized finance. 

Raj Dhamodharan of Mastercard stated that users are seeking better access to digital assets. The goal is to connect mainstream commerce to on-chain platforms using trusted networks.

Sergey Nazarov, co-founder of Chainlink, emphasized that this type of integration reflects the company’s vision for connecting traditional systems with decentralized markets. The combined solution allows regulated fiat payments to enter DeFi in a secure and scalable way.

The Swapper Finance rollout signals wider momentum in on-chain payment access. 

With Chainlink providing the data infrastructure and Mastercard supporting global reach, the project lowers the barrier for everyday crypto use. This positions the ecosystem for further adoption as other financial institutions explore similar models.

 

The post Chainlink and Mastercard Partner to Enable On-Chain Crypto Purchases for 3B+ Cardholders appeared first on Blockonomi.

TLDR:

Sonic gains 16% after Coinbase confirms upcoming token listing

Trading volume spikes 77%, open interest climbs to $100.6 million

S reclaims key support and breaks May downtrend on strong demand

$82M airdrop and 1inch DeFi integration boost ecosystem activity

Sonic’s native token, S, saw a sharp surge in value, climbing over 16% within 24 hours. 

The sudden upswing follows multiple developments that have boosted interest and activity around the token. These include a planned Coinbase listing, increased trading volumes, and technical recoveries. 

Sonic has also launched fresh incentive programs and integrated new features, drawing attention across the crypto market. The momentum points to growing investor confidence and increased participation across retail and institutional users.

Sonic Coinbase Listing Sparks Momentum

S price rose significantly after Coinbase confirmed it will list the token. The listing brings wider exposure, increasing the token’s accessibility and credibility among traders. 

Sonic’s native token, $S, jumped 19% in the past 24 hours as #Coinbase announces listing. #Sonic’s trading volume surged 77% to $270M and the open interest has increased by 20% to $100.60M.

Despite the recent gains, $S remains nearly 23% lower over the past month.

… pic.twitter.com/0v9igxxNIg

— Coinpedia Markets (@MarketCoinpedia) June 24, 2025

According to Coinpedia Markets, this news helped push Sonic’s price up by 19% in a single day, while trading volume spiked 77% to $270 million.

Open interest in the token also rose 20%, reaching $100.6 million. These metrics reflect heightened speculation and renewed buying pressure. Market watchers believe the listing could attract long-term holders, especially if momentum continues.

On the charts, Sonic is showing signs of reversal. The 10-day moving average has turned supportive, although the 20- and 50-day averages remain as resistance. RSI has climbed back to 45, suggesting it is recovering from oversold levels but has not yet turned bullish.

Crypto trader Jago highlighted that Sonic recently dipped below its prior key level of $0.26 but quickly bounced back. This move mirrors a similar historical bounce seen in the Fantom chart, which eventually triggered a 460% rally. 

According to Jago, S has now reclaimed its February low and broken above a May downtrend, showing strong buyer interest near the $0.34 zone.

Technical analysis for Sonic $S.

This was an important move. We wicked down to take out the Fantom weekly candle low of $0.26, which was the bottom of 2024 market in August.

This was a decisive turning point for $FTM that saw it run from $0.26 pretty much straight to $1.43 in… https://t.co/TlnD9FPib9 pic.twitter.com/tjg0TvihkC

— Jago (@0xJagoilio) June 24, 2025

Sonic Airdrop and DeFi Integration Fuel Interest

Beyond technicals, Sonic recently completed its Season 2 airdrop, distributing $82 million worth of S tokens to active users.

The initiative aims to boost token circulation and increase user activity within the ecosystem. This came just one day before the platform integrated with DeFi aggregator 1inch, enabling cheaper and faster cross-chain swaps.

These updates have helped reinforce investor sentiment, especially as the token had been trading nearly 23% lower over the past month. The back-to-back developments have created a favorable setup for renewed growth.

Current resistance sits around $0.3571, a key barrier that traders are closely watching. 

Above that, levels near $0.42 and $0.50 could come into play, especially if bullish volume sustains. Longer-term targets, such as the $0.60 resistance dubbed the “Great Wall of Wintermute,” remain a challenge, but a breakout could lead to further upside.

 

The post Why is the Sonic (S) Price Up Today? appeared first on Blockonomi.

TLDR:

Japan may reclassify crypto under financial law, allowing Bitcoin ETFs to launch.

Proposed 20% flat tax would replace progressive rates of up to 55% on crypto profits.

The shift aligns with Japan’s Web3 push under the “New Capitalism” economic strategy.

Regulatory reform could draw new crypto investors and align with global policy trends.

Japan is considering a major shift in its approach to crypto regulation. 

A new proposal aims to reclassify crypto assets under the Financial Instruments and Exchange Act. If approved, this could open the door for Bitcoin ETFs in Japan. The change may also introduce a flat 20% tax on crypto gains, replacing the current progressive tax rate. 

These changes could reshape investor access and market participation across Japan’s growing digital asset space.

Bitcoin ETFs May Soon Launch in Japan

On June 24, Japan’s Financial Services Agency released a document proposing key updates to the country’s crypto framework. 

The plan would move crypto assets from the current Payment Services Act to the Financial Instruments and Exchange Act. This would reclassify cryptocurrencies as financial products, placing them under a more robust regulatory umbrella.

Wu Blockchain reported that this move could lift restrictions on Bitcoin ETFs. 

The proposed change is set to be reviewed by the Financial System Council on June 25. If adopted, it could allow retail and institutional investors to access Bitcoin through regulated exchange-traded funds.

Japan’s Financial Services Agency released a proposal on June 24 to bring crypto assets under the Financial Instruments and Exchange Act. The plan, to be reviewed by the Financial System Council on June 25, could pave the way for Bitcoin ETFs in Japan and allow crypto gains to be…

— Wu Blockchain (@WuBlockchain) June 24, 2025

Currently, crypto profits in Japan fall under progressive taxation, with rates reaching up to 55%. Under the proposed system, crypto gains would be taxed at a flat rate of 20%. This would align the treatment of crypto with that of stocks and mutual funds.

According to materials released by the agency, this shift is aimed at boosting investment and supporting long-term asset formation. The flat tax structure could attract more investors while simplifying tax reporting for crypto traders and holders.

Japan Government Pushes Web3 as Investment Strategy

The proposal aligns with broader efforts by Japan’s government to support digital innovation. 

Officials see Web3 technologies, including NFTs and crypto, as tools for economic growth and productivity. The initiative is part of the revised 2025 “Grand Design and Action Plan for New Capitalism.”

By classifying crypto as an alternative investment, authorities hope to encourage its adoption while ensuring investor protection. Japan aims to create an ecosystem that enables local communities to showcase cultural assets using digital tools on a global scale.

The push comes as other global regulators warm to digital assets. The policy direction may also reflect the influence of the current U.S. administration, which has adopted a friendlier tone on Bitcoin and blockchain innovation.

Industry observers view the move as a potential turning point. If the proposed reforms go through, Japan could transition from strict oversight to a more supportive stance toward the crypto sector.

 

The post Japan Considers Bitcoin ETFs and Flat Tax in Crypto Regulation Overhaul appeared first on Blockonomi.

TLDR:

Palau audit found Ripple-funded stablecoin project lacked two required legal certifications.

Agreements skipped Attorney General review and fund availability confirmation.

$25K grant was properly deposited and spent during the trial with no misuse reported.

Any future rollout of PSC will require formal approval from Palau’s National Congress.

Palau’s digital currency initiative has come under scrutiny following an audit of its pilot project. The Ministry of Finance partnered with Ripple to trial a US dollar-backed stablecoin, but key legal procedures were not followed. 

Although the project stayed within the Ministry’s legal authority, the audit revealed two missing certifications required by national law. 

The stablecoin, built on the XRP Ledger, aimed to enhance Palau’s payment systems and financial access. However, further expansion now hinges on legislative action.

Project Launched with Ripple to Explore Digital Payments

The Ministry of Finance signed an agreement with Ripple Services Inc. in December 2022 to launch the Palau Stablecoin Pilot Project. 

Backed by a $25,000 deposit from Ripple, the project tested a digital currency recorded on the XRP Ledger. The goal was to improve financial efficiency, cut costs, and reduce reliance on physical cash.

Three local retailers and 154 government volunteers participated in the trial. Transactions involved redeeming stablecoins for goods, providing feedback on the system’s usability. According to the final audit report, Ripple’s contribution was deposited into Palau’s National Treasury and used under the national budget.

Despite operating within its general authority, the Ministry of Finance bypassed two critical legal checks. The report from the Office of the Public Auditor found that neither the Attorney General nor the National Director of Program, Budget, and Management had certified the agreements as required.

The absence of the Attorney General’s legal review left the agreements vulnerable to legal risks. In addition, while the payments were certified during disbursement, the initial agreement lacked certification confirming available funds. 

These steps are mandated to protect public resources and ensure lawful execution of contracts.

Palau Officials Acknowledge Oversight, Cite Internal Guidance

The Ministry of Finance accepted the audit’s findings, attributing the oversight to reliance on internal legal staff from the Office of the President. 

It also pointed to the project’s grant nature, arguing that such agreements often do not require certification. However, the Auditor emphasized that government contracts must follow procurement laws regardless of funding source.

No misuse of funds or procedural conflict by staff was reported. The pilot’s administration was found to have stayed within expected duties, with expenditures properly recorded.

With the pilot phase complete, decisions on future steps remain pending. The Auditor’s report made clear that establishing a circulating stablecoin would require formal legislation. 

Until then, any further rollout would exceed current legal boundaries.

Palau’s move to modernize payments through blockchain-based tools shows promise. But legal compliance and oversight will determine whether its stablecoin vision can scale beyond pilot testing.

The post Palau Audit Finds Legal Gaps in Ripple-Backed Stablecoin Pilot Project appeared first on Blockonomi.

TLDR:

Nano Labs secured a $500M convertible note deal to kickstart its BNB accumulation strategy.

The firm plans to acquire $1B worth of BNB, aiming for 5–10% of its circulating supply.

BNB will join Bitcoin as a core treasury asset in Nano Labs’ multi-crypto reserve approach.

The move highlights rising institutional interest in BNB beyond traditional crypto leaders.

Nano Labs, a Nasdaq-listed Web3 infrastructure provider based in China, is taking a bold step toward crypto-backed treasury growth. 

The company signed a $500 million convertible note agreement to begin accumulating Binance Coin (BNB) as a strategic asset. This marks the beginning of a broader initiative targeting up to $1 billion in BNB purchases. 

Nano Labs aims to eventually hold 5% to 10% of BNB’s total circulating supply. The move highlights the company’s growing focus on digital assets beyond Bitcoin.

Nano Labs $500M Deal Sets BNB Strategy in Motion

According to a company statement issued on June 24, Nano Labs entered into a private agreement with multiple investors for $500 million in convertible notes. The notes mature in 360 days, carry no interest, and can be converted into Class A ordinary shares of the company at an initial price of $20 per share.

The notes are unsecured and subject to customary closing conditions. As of now, the company cautionedthat there is no certainty the deal will be completed in full. 

Still, this financial structure lays the foundation for Nano Labs’ plan to begin its BNB acquisition efforts in the short term.

Following this initial funding move, Nano Labs is setting its sights on a long-term goal to acquire up to $1 billion worth of BNB. The company said it will conduct a thorough evaluation of BNB’s technical structure, security model, and market behavior before scaling up purchases.

The firm aims to accumulate between 5% and 10% of the total circulating supply of BNB. This would position BNB alongside Bitcoin as a core reserve asset on the company’s balance sheet.

Strategic Shift from Bitcoin to Broader Crypto Holdings

Nano Labs, known for its development of high-throughput and high-performance computing chips, has already adopted Bitcoin as a primary reserve asset. This new initiative signals a shift toward a multi-asset treasury strategy, starting with Binance Coin.

The company’s Cuckoo series chips, which compete with traditional GPUs in mining and computing performance, have supported its growing role in crypto infrastructure. Expanding into token holdings like BNB aligns with its broader Web3 focus.

Wu Blockchain, a crypto news account on X, first highlighted the deal and the broader plan. The announcement comes amid rising institutional interest in BNB, often overshadowed by Bitcoin and Ethereum in treasury strategies.

Nano Labs, a Nasdaq-listed crypto mining chip design company, has entered into a $500 million convertible note agreement, aiming to accumulate BNB as part of its treasury strategy. The company plans to assess BNB’s security and value and ultimately acquire up to $1 billion in…

— Wu Blockchain (@WuBlockchain) June 24, 2025

By entering the BNB market at scale, Nano Labs joins a small but growing list of firms exploring diversified crypto reserves. This adds new attention to BNB as a corporate-held digital asset, especially from public companies operating in the crypto and Web3 space.

 

The post Nano Labs Targets $1B in BNB with New $500M Convertible Note Deal appeared first on Blockonomi.

TLDR:

The Smarter Web Company now holds 543.52 BTC after two large June purchases.

Total Bitcoin spend reaches £42.39M, with an average price of £77,988 per coin.

Recent BTC buy aligns with MicroStrategy and Metaplanet’s ongoing accumulation.

The company views Bitcoin as a treasury asset, not a speculative investment.

The Smarter Web Company has expanded its Bitcoin holdings, marking another move in its long-term treasury strategy. 

The tech firm, listed in London, is continuing with its “10 Year Plan” aimed at steady Bitcoin accumulation. This marks the second major Bitcoin purchase in less than a week, reinforcing the firm’s strong stance on crypto integration. The purchase also reflects rising institutional interest in Bitcoin as companies seek alternatives to traditional assets. 

As prices fluctuate, corporate players are moving fast to secure BTC positions.

The Smarter Web Company Adds More Bitcoin

On June 24, The Smarter Web Company revealed it had acquired 196.90 Bitcoin. 

The average purchase price was £77,122 per BTC, or about $103,290 in U.S. dollars. The total cost of the transaction reached £15.18 million.

This latest purchase comes just five days after the company bought 104 Bitcoin on June 19. With this move, its total Bitcoin holdings now stand at 543.52 BTC. The company has spent roughly £42.39 million so far, with an overall average price of £77,988 per Bitcoin.

The Smarter Web Company (#SWC $TSWCF) RNS Announcement: Bitcoin Purchase.

Purchase of additional Bitcoin as part of "The 10 Year Plan" which includes an ongoing treasury policy of acquiring Bitcoin.

Please read the RNS on our website: https://t.co/z59Xf4oBRU pic.twitter.com/8rrSTwYWoa

— The Smarter Web Company (@smarterwebuk) June 24, 2025

The ongoing purchases fall under the firm’s long-term roadmap called “The 10 Year Plan.” This strategy includes an active treasury policy focused on acquiring Bitcoin over time. The company also accepts BTC payments from clients, signaling deep integration into its operations.

According to their announcement, The Smarter Web Company believes Bitcoin plays a key role in the future of finance. It intends to maintain steady exposure while expanding through organic growth and targeted acquisitions.

Bitcoin Buys Mirror Institutional Momentum

The timing of this purchase aligns with the increasing institutional activity in the cryptocurrency market. 

Firms like MicroStrategy and Metaplanet have also added to their Bitcoin reserves in recent days. These actions demonstrate strong confidence among corporations that Bitcoin will retain its long-term value.

As BTC’s price fluctuates around $105,000, strategic buyers continue to scale in. The Smarter Web Company joins a growing list of businesses building a crypto-focused financial approach.

The Smarter Web Company provides web design, development, and marketing services. Clients are billed through a mix of upfront, hosting, and optional marketing fees. 

In addition to crypto adoption, the company is pursuing an acquisition strategy to grow its customer base and recurring revenue.

With Bitcoin now a core part of its treasury, the company is aligning its financial model with shifting digital trends. The latest purchase confirms its commitment to Bitcoin as a strategic asset rather than a speculative bet.

 

The post The Smarter Web Company Buys Bitcoin (BTC) Again: Details appeared first on Blockonomi.

TLDR:

Federal Reserve removes reputational risk to focus on measurable financial data in bank supervision.

Crypto firms may gain banking access as reputational concerns lose regulatory weight.

Banks must enhance internal controls as oversight shifts from perception to performance.

Fed’s update could reduce unjustified service cuts to “high-risk” but compliant sectors.

The Federal Reserve has removed reputational risk as a factor in its bank supervision process. This move signals a shift toward stricter reliance on measurable financial data when assessing banks. 

The change could influence how institutions manage relationships with emerging sectors, including crypto. Observers say the adjustment may reduce the number of banks cutting off service to high-risk businesses without financial justification. 

As the Fed updates its guidelines, the broader banking environment may see a more data-driven approach take hold.

Federal Reserve Shifts to Financial Metrics in Supervision

On Monday, the Federal Reserve confirmed that reputational risk will no longer be part of its examination programs. 

Instead, the central bank will refocus on more specific and quantifiable financial risks in its oversight role. Officials have begun revising supervisory materials and will retrain examiners to apply the changes consistently across all regulated institutions.

According to the announcement, this shift does not alter expectations around compliance or safety. Banks are still required to maintain robust risk controls. However, the focus will now rest more squarely on financial soundness rather than public perception.

The crypto industry could benefit from the removal of subjective reputation metrics. Alva, a digital finance platform, noted that banks may now rely on “hard financial data instead of vibes” when evaluating partnerships. This change could reduce account closures and open the door to more services for digital asset firms.

Observers believe this could encourage more balanced banking access for industries previously labeled as reputational risks. Fewer institutions may feel pressure to avoid working with sectors like crypto, cannabis, or online gaming, provided financial risks are well-managed.

Greater Pressure on Bank-Level Controls

While the adjustment removes a layer of subjectivity, it increases the importance of internal controls within banks. 

The Federal Reserve emphasized that financial institutions must still uphold strong compliance practices. As oversight leans on financial data, any failure in controls could lead to greater consequences.

Critics warn that removing reputational risk could push hidden risks out of view. If banks fail to spot or address problematic behavior early, regulators might miss warning signs that would otherwise surface.

The decision marks a step toward modernizing supervision as digital finance expands. 

Wu Blockchain, a crypto-focused outlet, flagged the potential for smoother onboarding of blockchain-related clients. As the Fed updates its manuals and coordinates with other regulators, market participants are watching how this shift plays out in real-time.

The Federal Reserve Board announced that it will no longer include reputational risk as a component of its bank supervisory examination programs. The Board has begun removing references to reputational risk from its supervisory materials and, where appropriate, replacing them…

— Wu Blockchain (@WuBlockchain) June 23, 2025

For now, the gate may be opening wider. Whether the new approach brings stability or introduces new vulnerabilities remains to be seen.

 

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