Global markets were mixed on friday, with the Dow Jones (+0.08%) edging higher, while the S&P 500 (-0.22%) and Nasdaq (-0.51%) declined, with early gains from dovish Fed signals fading as conflict concerns took center stage. Bitcoin fell sharply, dropping below $100k. All eyes this week are on central bank commentary, inflation data, and further geopolitical fallout.
- The global crypto market cap decreased -3.7% over the weekend to $3.12tn. The total crypto market 24h volume increased 25% over the past 24 hours to $136bn.
- In the past 24 hours, crypto liquidations decreased 4% and totaled $652m, with 77.5% of them long positions. BTC positions made up over 36% of all liquidated positions.
Almost $1.3 billion in crypto liquidations occurred over the weekend, with Bitcoin and Ether leading the losses.
source: Coinglass
- According to data from SoSo Value, Bitcoin ETFs saw a sharp slowdown in demand on June 20, pulling in just $6.4 million in net inflows—down from $390 million two days prior. Trading volume held steady at $2.7 billion, but most issuers reported flat flows. BlackRock’s IBIT remained the lone bright spot with $46.9 million in inflows, offset by a $40.6 million outflow from Fidelity’s FBTC. Total assets across all spot BTC ETFs slipped to $126.5 billion, their lowest since early June. Despite the lull, cumulative net inflows are holding firm at $46.66 billion.
- According to data from SoSo Value, ETH ETFs saw a sharp reversal on June 20, recording $11.3 million in net outflows. Total trading volume spiked to $687 million, a near-doubling from earlier in the week, suggesting traders reacted quickly to broader market weakness. BlackRock’s ETHA led the outflows with a $19.7 million loss, though VanEck’s ETHV posted a rare inflow of $1.77 million. Despite the pullback, cumulative net inflows across all ETH ETFs remain near $3.89 billion, while total assets under management fell to $9.6 billion, the lowest since early June, and down from $9.94 billion on June 18.
- Michael Saylor hinted at another Bitcoin purchase for Strategy, just days after the firm was hit with a lawsuit over a $5.9 billion Q1 loss tied to its crypto holdings. The cryptic post—“Nothing Stops This Orange”—mirrors Saylor’s past signals ahead of Bitcoin buys. Meanwhile, investor Abhey Parmar filed a derivative lawsuit accusing Saylor, CEO Phong Le, and others of misleading shareholders about the financial risks and impact of a recent accounting change, also alleging that executives profited from $31.5 million in insider stock sales before changes were made public.
- An Ethereum whale purchased approximately $39 million worth of Ether on June 22 despite a sharp price drop triggered by geopolitical tensions. According to on-chain data, the wallet added around 9,400 ETH, bringing its total holdings to $330 million. The whale deployed the ETH via Lido’s liquid staking protocol, reflecting long-term confidence. Broader whale behavior showed similar sentiment, with addresses holding over 10,000 ETH accumulating more than 116,000 ETH (~$265 million) on June 21, per Glassnode data.
- Crypto data platform CoinMarketCap has removed a malicious pop-up from its website that was prompting users to “verify” their wallets in what appeared to be a phishing scam. The company announced on X that it had “identified and removed the malicious code,” but said its investigation into the incident remains active. The pop-up, which urged users to connect their wallets and approve ERC-20 token access, was flagged as unsafe by major wallet providers MetaMask and Phantom. CoinMarketCap has urged users not to interact with the prompt, as the platform works to strengthen its security. The breach follows a 2021 hack that exposed over 3.1 million user email addresses.
- Europe is outpacing the U.S. in crypto adoption thanks to the MiCA regulation, with Paybis reporting a 70% surge in EU trading volumes in Q1 2025. Co-founder Vasilenko credits MiCA’s unified licensing and strict investor protections for driving larger, more confident trades. Meanwhile, U.S. retail activity has declined amid regulatory uncertainty, despite crypto-friendly signals from the Trump administration. France led EU growth with a 175% spike, while Germany and the Netherlands are building out institutional infrastructure.
- Ethereum’s staked supply has reached an all-time high, with over 35 million ETH—more than 28.3% of the total supply—now locked under the network’s proof-of-stake model. The surge reflects rising investor confidence and shrinking liquid supply, as institutional interest in crypto treasuries grows. Notably, over 500,000 ETH was staked in early June alone, and accumulation wallets—addresses that never sell—now hold 22.8 million ETH, a record.
- Texas Governor Greg Abbott has signed Senate Bill 21, officially creating the Texas Strategic Bitcoin Reserve—making Texas the first U.S. state to commit public funds to a dedicated Bitcoin holding. Managed by the state’s Comptroller of Public Accounts and advised by crypto professionals, the reserve will operate independently of the general treasury and treat Bitcoin as a long-term strategic asset and inflation hedge. Only assets with a market cap above $500 billion—currently only Bitcoin—qualify for inclusion. The reserve may grow via airdrops, forks, investment returns, or public donations, with biannual reports on its performance.
