Canary Capital has taken a significant step by registering a Delaware trust for a staked Injective (INJ) ETF, signaling potential U.S. market entry for a staking-focused crypto investment product. This
BlackRock’s iShares Bitcoin Trust (IBIT) “just blew through $70 billion” in assets under management, observed Bloomberg ETF analyst Eric Balchunas on June 9. It is now the fastest ETF ever to hit that mark in only trading 341 days, he said before adding that this is five times faster than the previous record held by the SPDR Gold Shares ETF (GLD), which reached that AUM figure after 1,691 days. According to the BlackRock website , the fund’s AUM is $71.8 billion, and it held 661,457 BTC as of June 6. $IBIT just blew through $70b and is now the fastest ETF to ever hit that mark in only 341 days, which is 5x faster than the old record held by GLD of 1,691 days. Nice chart from @JackiWang17 pic.twitter.com/5VeGT9twpQ — Eric Balchunas (@EricBalchunas) June 9, 2025 Institutional Hunger For BTC Institutional investors are leading this rally through funds such as IBIT , as retail remains largely absent. Moreover, IBIT has only seen three outflow days since early April as the fund continues to accumulate the asset aggressively . When BlackRock filed for IBIT, the price of Bitcoin was around $30,000, “and the stench of FTX was still in the air,” remarked Balchunas on June 10. He added that the asset is now trading at $110,000, which is a return of seven times that of the S&P 500, “and is now seen as legitimate for other big investors.” ETF Store President Nate Geraci also commented on the milestone, reminding people that there are eleven other spot Bitcoin ETFs and the sector overall has almost $125 billion in AUM. These are “ridiculous numbers,” he said. What a chart… IBIT hits $70bil in 341 trading days. No other ETF even close. And remember… there are 11 other spot btc ETFs. Category overall is nearly $125bil. Ridiculous numbers. via @EricBalchunas pic.twitter.com/dMHlo7wFTI — Nate Geraci (@NateGeraci) June 9, 2025 Monday saw a reverse of outflows with a net aggregate inflow of $386 million for the eleven funds, according to Coinglass. BlackRock had a lower-than-usual day with just $121 million in inflows, beaten by Fidelity, which saw $173 million in inflows. The largest Bitcoin holder is estimated to be its pseudonymous creator, Satoshi Nakamoto, who holds around 1.1 million coins. However, Balchunas et al believe that BlackRock could surpass this total by mid-2026 if assets continue to flow in. Bitcoin Price Outlook The reversal of ETF flows coincided with a jump in spot markets, which saw Bitcoin reach an intraday high of $110,260 in early trading in Asia on Tuesday. The asset had dipped to $109,500 at the time of writing but remained up 3.6% on the day. Bitcoin is now just 2% away from notching another new all-time high. The post BlackRock’s IBIT Becomes Fastest ETF to Hit $70B AUM as Flows Turn Positive appeared first on CryptoPotato .
The XRP Ledger’s Decentralized Finance (DeFi) landscape is beginning to take shape in a meaningful way. Doppler Finance announced that the total value locked (TVL) across XRPfi (XRP DeFi) has reached $30 million, marking a new phase of ecosystem utility for the digital asset. The update drew a strong reaction from members of the community, many of whom have been anticipating the emergence of native DeFi use cases for years. In early 2025, Ripple shared a roadmap for institutional DeFi on the XRP Ledger (XRPL). This milestone shows significant growth and involvement in the XRPfi space. Crypto Eri (@sentosumosaba), a popular figure in the community, also weighed in, acknowledging the significance of the milestone. Quoting a recent conversation with VivoPower’s executives, she remarked that “DeFi for XRP is going to be EXPLOSIVE,” suggesting that TVL would be a meaningful metric of demand. According to her message, while not all token holders will participate in DeFi on the ledger directly, those hoping for long-term price appreciation have a shared interest in seeing DeFi traction grow. This aligns with a prevailing view among proponents of the asset that utility must scale alongside adoption to sustain real growth. As @Vivo_Power told me in our interview, DeFi for XRP is going to be EXPLOSIVE. #XRP TVL (Total Value Locked) will be an indicator of its demand. You might not "XRPFi" -> but if you hold XRP, hoping for up & to the right price action … hope for massive TVL too. Congrats #30M https://t.co/jJ96W7fFYK — Crypto Eri ~ Carpe Diem (@sentosumosaba) June 8, 2025 Crypto Eri’s post connects current on-chain activity with broader investor expectations, emphasizing TVL as a fundamental signal rather than just a numerical milestone. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Rising Institutional DeFi Involvement Some of the context behind Crypto Eri’s reference comes from a recent interview with Vivo Power executives Kevin Chin and Adam Traidman. Chin, co-founder of VivoPower, stated that his company is actively looking to support XRP-based DeFi projects, not merely as investors but by contributing to broader ecosystem development. Traidman, a former Director at Coinbase and CEO of BRD, echoed this intent, indicating that Ripple’s move toward EVM compatibility will create new yield opportunities for XRP. Crypto Eri shared another clip from the interview where Traidman disclosed an XRP Treasury strategy that was launched with backing from Saudi royalty and a $121 million initial commitment. He added that a portion of these funds, potentially up to $100 million, could be allocated to developers building XRPfi applications, depending on the opportunity pipeline. These plans underline a growing institutional interest in XRP’s infrastructure layer , providing a backdrop to the rising TVL. After years of XRP being viewed primarily as a payment token, the growth of DeFi in the ecosystem reinforces the transition toward broader utility. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post VivoPower CEO: DeFi for XRP Is Going to be Explosive appeared first on Times Tabloid .
The post Pro-XRP Lawyer Fires Back at VanEck for Favoritism During Ripple-SEC Lawsuit appeared first on Coinpedia Fintech News Ripple’s legal battle with the SEC continues to make headlines. Attorney Bill Morgan took to social media and criticised VanEck for playing both sides. Morgan brought to attention VanEck’s inconsistency as they pushed for fairness in ETFs, but chose to remain silent for XRP when it was in a similar situation. Don’t recall you complaining about SEC favoritism when Ripple was sued over XRP sales and Ethereum received a free pass. https://t.co/h8CJ2qk9Yt — bill morgan (@Belisarius2020) June 9, 2025 For the unversed, asset managers like VanEck, Canary Capital, and 21Shares signed a joint letter to the SEC Chair Paul Atkins, urging a fair and consistent process for approving crypto ETFs. Bill Morgan Slams VanEck’s Silence on XRP Case They requested the SEC to adopt a fair “first-to-file, first-to-approve” rule for crypto ETFs explaining that favoritism damages innovation in the ETF market. This came after long delays and growing uncertainty around spot ETF approvals. But Morgan slammed VanEck for staying silent during the Ripple lawsuit. Morgan wrote on X, “Don’t recall you complaining about SEC favoritism when Ripple was sued over XRP sales and Ethereum received a free pass.” XRP faced legal actions, while Ethereum walked away clean when it was called a non-security by SEC official William Hinman in a 2018 speech. Key Court Deadline Could Trigger Major Moves This has raised concerns over conflicts of interest at the SEC. Critics like John Deaton have also questioned how credible Hinman’s speech actually was and whether the SEC is being fair and transparent with its crypto rules. These comments come as the crypto community anxiously awaits for updates on a likely settlement between the Ripple vs SEC. A key deadline for the SEC to report to the Appeals Court is coming up on June 16. XRP Holding $2.29, Can Bulls Push Toward ATH? XRP is up 2.7% in the last 24 hours, and is currently trading at $2.29. The next move will now depend on updates from the Ripple case and spot ETF news. A breakout above $2.35 could push XRP to $2.50, then $2.65, and possibly $3 or even its all-time high of $3.55. But if it drops below the 50-day EMA, bears could drag it down to $1.93.
U.S. crypto-linked stocks saw gains across the board on Monday, as Bitcoin prices rebounded and more public companies announced new Bitcoin purchases for their treasuries. The upward trend reflects growing investor confidence in digital assets, particularly among publicly traded firms seeking to leverage Bitcoin as a strategic financial asset. Leading the day’s movement was Nasdaq’s recent entrant, Circle Internet Group (CRCL), which jumped 7% and rose another 2.2% in after-hours trading, closing at $117.79. Major crypto miners followed suit. Core Scientific Inc. (CORZ) rose 4.27%, with a slight 0.87% bump after market close. Competitors CleanSpark Inc. (CLSK) and MARA Holdings Inc. (MARA) each climbed over 3%, with both stocks ticking up another 1% in after-hours activity. Riot Platforms Inc. (RIOT) also added 2.74% during the day, followed by a 1.2% increase after-hours. These gains coincided with Bitcoin’s own 4% surge to $110,150, edging closer to its record high of $112,000 set on May 22. Market sentiment appeared to improve amid reports of U.S.–China trade discussions held in the UK. Mixed Results for Trading Platforms’ Stocks Not all crypto-related stocks enjoyed Monday’s rally. Robinhood Markets Inc. (HOOD) was among the few laggards, falling nearly 2% to $73.40 after being left out of the S&P 500 index during its latest rebalancing. The omission came as a disappointment to investors who had speculated on Robinhood’s inclusion, a move that often brings a boost in share price due to increased institutional interest. In contrast, rival trading platform eToro Group Ltd. (ETOR), which recently went public , surged 10.5% and climbed another 2.4% after hours to $77.79. American crypto exchange giant Coinbase Global Inc. (COIN) posted a modest 2% gain to $256.63, reflecting steady investor support amid the broader market uptrend. Bitcoin Holdings Fuel Investor Confidence Several public firms continue to embrace Bitcoin as a reserve asset. MicroStrategy Inc. (MSTR), already one of the largest corporate holders of Bitcoin, gained 4.71% and added over 1% in after-hours trading to reach $396.61. Meanwhile, BitMine Immersion Technologies Inc. (BMNR) became the latest firm to jump on the Bitcoin bandwagon, announcing the purchase of 100 BTC following an $18 million share offering. Despite the news, BMNR fell 8.7% before slightly rebounding by 5.2% after hours to $7.25. Energy tech company KULR Technology Group Inc. (KULR) also made headlines after announcing it had purchased another $13 million in Bitcoin, raising its total holdings to 920 BTC at an average price of $98,760 per coin. Its stocks responded positively, climbing 4.2% on the day. The post Crypto Stocks Climb as Public Companies Accelerate Bitcoin Accumulation appeared first on TheCoinrise.com .
Bithumb, one of South Korea's leading cryptocurrency exchanges, announced that two new digital assets, Dogwifhat (WIF) and Pocket Network (POKT), will be listed on the Won (KRW) market on June 10, 2025. Bithumb Announces Listing of WIF and POKT on Won Market According to Bithumb, both assets will only support deposits and withdrawals via their own mainnets (Solana for WIF, Pocket Network for POKT). Transactions made via other networks will be considered invalid. Listing Details Dogwifhat (WIF) Listing Date: Tuesday, June 10, 2025, 16:00 Supported Network: Solana Starting Price: ₩1,390 (KRW) Number of Approvals Required: 20 Transaction Opening: Deposit/withdrawal active within 3 hours after announcement WIF is a memecoin developed on the Solana network that gained fame with its image of a Shiba Inu dog wearing a pink knitted hat. The project, started by anonymous developers, focuses on the spread of meme culture, not on any technical goal. Pocket Network (POKT) Listing Date: Tuesday, June 10, 2025, 18:00 Supported Network: Pocket Network Starting Price: ₩65.57 (KRW) Number of Approvals Required: 1 Transaction Opening: Deposit/withdrawal active within 3 hours after announcement POKT is a blockchain infrastructure protocol that provides a decentralized RPC (Remote Procedure Call) service. Users can process dApp requests through nodes they run. The platform currently serves around 50 different blockchain networks. The token is used for transaction fees, service fees, and staking. Bithumb officials emphasized that cryptocurrencies are high-risk investment instruments and recommended that all investors obtain detailed information about the projects (official websites, whitepaper, etc.) and make their own decisions consciously. *This is not investment advice. Continue Reading: Bitcoin Exchange Bithumb Announces Listing of Two New Altcoin Trading Pairs! Here Are the Details
Key Takeaways: Robert Kiyosaki warns of civil unrest in the U.S., calling it the start of a “fourth turning.” He blames central banks for eroding public wealth and urges investing in Bitcoin, gold, and silver. Kiyosaki predicts Bitcoin could reach $1 million within a decade as trust in fiat declines. Robert Kiyosaki, author of the influential book Rich Dad Poor Dad , has issued a stark warning about rising unrest in the United States, drawing connections between violent incidents and deeper economic turmoil. In a recent post on X , Kiyosaki declared, “Civil War has begun. ICE raids in Los Angeles erupt into mass violence… I believe we and the world are in for a long, hot violent summer.” The statement comes amid growing political division and economic instability. Kiyosaki Links U.S. Unrest to ‘Fourth Turning’ Crisis Cycle Kiyosaki tied the unrest to what historians William Strauss and Neil Howe have described as the “fourth turning,” a cyclical period of crisis that reshapes the fabric of society. Previous fourth turnings, according to the theory, include the Great Depression and World War II, the Civil War, and the American Revolution. Kiyosaki suggests that the current upheaval will be driven by public backlash against central banking practices, especially the sustained printing of money and inflationary policies. He argues that these policies erode public wealth, framing them as a form of institutional theft. “The issue is our bankers are stealing the wealth of the people via fake money, counterfeit money the central bankers print,” he wrote. He added that this era is ending, and that people should turn to alternative stores of value. As a solution, Kiyosaki is urging individuals to protect their financial futures by investing in hard assets. “Sound money, gold, silver, and Bitcoin take away the power from the corrupt bankers,” he noted. He describes gold and silver as “God’s money” and Bitcoin as “people’s money.” CIVIL WAR has begun. ICE raids in Los Angeles erupt into mass violence. BIG QUESTION: Will it spread? MY ANSWER: I believe we and the world are in for a long, hot, violent summer. This turmoil is described in the FOURTH TURNING by Strauss and Howe, who posit that society… — Robert Kiyosaki (@theRealKiyosaki) June 9, 2025 Kiyosaki’s latest comments reinforce his long-standing belief that traditional financial systems are broken. Amid warnings of prolonged violence and social disruption, he advocates for individual financial sovereignty, calling on followers to “become your own bank” and stop saving “fake money.” Kiyosaki Sees $1M Bitcoin by Next Decade A longtime advocate of hard assets, Kiyosaki sees Bitcoin as a modern hedge against inflation and a tool for preserving wealth over time. In his latest prediction , Kiyosaki said he “strongly believes” the Bitcoin price will reach $180,000 to $200,000 by the end of this year. Over the next decade, he sees BTC at $1 million, gold at $30,000 per ounce, and silver at $3,000. Notably, Kiyosaki is not the only one expressing confidence in Bitcoin’s future. As reported, Shunyet Jan, Head of Derivatives at Bybit, has projected that Bitcoin could reach $125,000 by the end of Q2 if current trends persist. Likewise, crypto analyst Scott Melker has said he believes Bitcoin could surge to $250,000 by the end of 2025 , driven by institutional demand and a maturing market structure. The post Robert Kiyosaki Warns of ‘Civil War,’ Suggests Bitcoin, Gold, Silver Amid Financial Turmoil appeared first on Cryptonews .
Solana’s recent price action reveals a cautious market sentiment, with key support levels tested amid low trading volumes. Despite a short-term rebound, the lack of robust buying interest signals potential
The party of South Korea’s President Lee Jae-myung, just days after his election victory, has introduced the Digital Asset Basic Act, a legislative framework designed to permit local companies to issue stablecoins under defined conditions. Lee, a progressive leader who narrowly defeated his conservative opponent in last week’s presidential election, had made stablecoin regulation one of his biggest talking points in his campaign. He argues that allowing regulated issuance of asset-backed digital tokens will boost transparency, expand the domestic crypto sector, and place South Korea ahead of several countries in matters of digital finance. The legislation was submitted to parliament on Tuesday, with provisions that could see South Korean firms issue stablecoins if they meet a minimum equity capital requirement of 500 million won, equivalent to about $367,876. These issuers would also be required to carry sufficient reserves to guarantee refunds and security of customer funds. Post-election South Korea: Crypto regulatory clarity South Korea is recognized as one of the most active crypto markets globally. Upbit, the top exchange in the Asian nation by trading volume, has a daily average of $1.5 billion trades. Of an estimated 18 million South Koreans, roughly one-third of the population, are digital asset traders. Daily volumes on local exchanges often exceed those on the nation’s major stock indexes, the Kospi and Kosdaq. Just as in the US, where Congress is set to vote on its own stablecoin bill this week, South Korea’s proposed legislation mandates that all asset-linked digital currencies, including stablecoins, must receive approval from the Financial Services Commission (FSC), the country’s top financial regulator. According to Bank of Korea data cited by Yonhap News, transactions involving major stablecoins such as USDT, USDC, and USDS on five domestic exchanges totaled 57 trillion won in the first quarter alone . Despite the enthusiasm surrounding stablecoins, Lee’s initiative is facing institutional pushback, specifically from the country’s central bank. Bank of Korea Governor Rhee Chang-yong believes stablecoins issued by nonbank entities will have monetary implications for South Korea’s monetary policies. “These instruments, if allowed outside regulated institutions, could serve as vehicles for capital regulation arbitrage,” Rhee told reporters in a press conference in May. The governor wants BOK to take responsibility for any won-pegged stablecoin, insisting that Korea should not take capital flow risks “lightly.” “Financial stability concerns demand that we consider capital controls more thoroughly before allowing non-bank entities into the payments sector. This concern is shared by other Asian economies as well,” he concluded. Financial markets respond to legislation proposal After news of Lee’s stablecoin proposal was published on several outlets, shares of financial services firm KakaoPay Corp. surged as much as 18% on Tuesday, its highest daily gain since January 2024. The period also boded well for the broader KOSPI index, which closed at 2,882, a gain of 26 points, or 0.92%, from the previous session. Over the past four weeks, the index is up 10.53%. However, not all observers are convinced that the policy shift will translate into tangible corporate gains. In a client note, JPMorgan analysts Stanley Yang and Jihyun Cho were far less confident about the rally in Kakao-affiliated stocks. “ The rally in Kakao-related shares is fundamentally unjustifiable, as any concrete benefit from Lee’s stablecoin policy remains uncertain ,” they wrote. Fears from the collapse of TerraUSD, a South Korean-created algorithmic stablecoin that failed in 2022, are also still clouding the chances of crypto firms to succeed in the country. The implosion erased $40 billion in value and is a painful memory for many South Korean investors. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Cardano has launched Cardinal, its first decentralized finance protocol designed specifically for Bitcoin users. The announcement was made by Cardano ( ADA ) founder Charles Hoskinson on June 9 via X. Developed by Input Output, the research and development team behind Cardano, Cardinal allows Bitcoin ( BTC ) holders to access DeFi services such as lending, staking, and borrowing without using traditional custodians or centralized bridges. Welcome to the first Bitcoin DeFi protocol developed for Cardano https://t.co/CoYvrYnIfI — Charles Hoskinson (@IOHK_Charles) June 9, 2025 Cardinal functions by wrapping Bitcoin, particularly its unspent transaction outputs. UTXOs are bits of Bitcoin that have been left over from transactions and are used to represent ownership. They are converted into wrapped tokens by the protocol, which maintains a 1:1 peg with Bitcoin. Users can redeem their wrapped BTC at any time through a secure, fraud-resistant process. What makes Cardinal different from typical wrapped Bitcoin solutions is its trust-minimized structure. Instead of depending on a central custodian or federated system, Cardinal uses MuSig2, a cryptographic system that allows multiple parties to sign transactions together. This ensures that the original Bitcoin stays locked on its native chain and that the system functions securely, even if only one participant is honest. You might also like: Brave Wallet expands support with Cardano integration Another key feature is Cardinal’s approach to rehypothecation. In traditional finance and some crypto systems, rehypothecation allows custodians to reuse user assets, often without full transparency. Cardinal avoids this by allowing users complete control over their assets while preserving the original Bitcoin. In addition, the protocol makes use of BitVMX, an off-chain execution system that maintains decentralization while enabling complex Bitcoin operations. This configuration facilitates safe, easy asset transfers between the two networks when paired with Cardano smart contracts and Bitcoin’s built-in scripting capabilities. The project was showcased during a live demo at the Bitcoin 2025 conference, where IO performed a bridgeless BTC-to-Cardano transfer using BitVMX. The event marked a major step in Cardano’s efforts to become a platform for Bitcoin-native applications. Despite recent progress, Cardano’s DeFi total value locked has declined, from peak of $415 million in May to around $334 million by June 10, as per DefiLlama data . The team hopes Cardinal will help bring in new liquidity by offering Bitcoin holders more ways to use their assets within a DeFi environment, without leaving the Bitcoin ecosystem. Read more: SEC delays Grayscale’s Avalanche and Cardano ETF decisions to July