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Crypto News
Strategy Founder: Never said the company couldn't sell Bitcoin, of course, we will sell if necessary
Strategy founder Michael Saylor, speaking at the $BTC Prague event about discussions surrounding “Strategy selling Bitcoin,” stated that he had never claimed the company could not sell Bitcoin; rather, he had consistently emphasized that investors should not hastily sell their own Bitcoin.
Saylor added that anyone who has followed the company’s earnings calls or public disclosure documents over the past five years should be well aware that Strategy has always explicitly stated it would, of course, sell Bitcoin when necessary—a position that has remained unchanged.
A whale bought 73,000 HYPE tokens from Gate in the past 24 hours, worth $4.34 million
According to Onchain Lens monitoring, a whale purchased 73,485 $HYPE from Gate in the past 24 hours, valued at 4.34 million USD.
South Korea’s Ministry of Economy and Finance: Tokenized stocks are regarded as securities rather than virtual assets, with taxation to begin as early as the second half of this year
South Korea’s Ministry of Economy and Finance stated that tokenized stocks are regarded as securities rather than virtual assets; if the Financial Services Commission confirms their status as securities, taxation may commence immediately under the existing Capital Markets Act—potentially as early as the second half of this year.
Coinbase CEO: Platform processes nearly $1 trillion in stablecoin payments annually, holding $20 billion USDC
Coinbase CEO Brian Armstrong on Thursday disclosed three platform-level data points: annual stablecoin transaction volume nearing $1 trillion, the platform holding approximately $20 billion in $USDC, and the payment protocol x402 processing over 160 million autonomous transactions in the past year.
According to SEC filings, Coinbase's average $USDC holdings in Q1 reached a record high of $19 billion, with over 25% of all $USDC in circulation residing within the Coinbase ecosystem. The total circulating supply of $USDC is currently $75 billion.
Bitcoin & Ethereum Spot ETF Flow
Bitcoin Spot ETF saw a total net outflow of 19.03M USD yesterday, marking a 5 days of consistent outflow
According to SoSoValue data, Bitcoin spot ETF saw a total net outflow of 19.03M USD yesterday (Eastern Time, June 11th).
The Bitcoin Spot ETF with the highest net inflow yesterday was iShares Bitcoin Trust, with a daily net inflow of 30.26M USD, and the total historical net inflow of IBIT currently stands at 62.06B USD.
The second highest was Grayscale Bitcoin Mini Trust, with a daily net inflow of 5.62M USD, and the total historical net inflow of $BTC currently stands at 2.30B USD.
Ethereum spot ETFs saw a total net outflow of $15.8894 million yesterday, marking the third consecutive day of net outflows
According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $15.8894 million yesterday (June 11, Eastern Time).
The Ethereum spot ETF with the largest single-day net inflow yesterday was iShares Ethereum Trust ETF, with a net inflow of $8.6325 million. ETHA’s cumulative historical net inflow currently stands at $1.1308 billion. The Ethereum spot ETF with the largest single-day net outflow yesterday was Fidelity Ethereum Fund, with a net outflow of $20.5281 million. FETH’s cumulative historical net inflow currently stands at $2.118 billion.
