π¦1. Bullish Files Confidential IPO β Sign of Optimism
Peter Thiel-backed crypto exchange Bullish (part of Block.one) has confidentially filed for a U.S. IPO. This move reflects renewed investor confidence under a more cryptoβfriendly regulatory environment, especially after the SEC dropped several investigations under the new regime. Β
πΈ2. Crypto Market Rises Ahead of Key U.S. Inflation Data
Ahead of the U.S. CPI release, the crypto market shows strengthβBitcoin holds steady above $109,600, Ethereum nears $2,800, and several altcoins rally by up to 8%. Analysts see rising institutional interest and macroeconomic optimism driving momentum. Β
πΌ3. Crypto Funds Hit Record $167B in Assets
Crypto fund assets reached an all-time high of $167β―billion in May, boosted by a massive $7.05β―billion in net inflows across nearly 300 funds. Bitcoin funds led, capturing $5.5β―billion, while ETH funds took in $890β―million. This marks significant diversification by investors into digital assets. Β
π4. SocGen Launches Dollar-Pegged Stablecoin
French bankβ―SociΓ©tΓ©β―GΓ©nΓ©rale is introducing βUSDβ―CoinVertible,β a dollarβpegged stablecoin via its SGβFORGE arm. Built on Ethereum and Solana and backed by BNYβ―Mellon, it targets institutional use cases like cross-border payments and FX transactionsβall set for July rollout.
