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.
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.
πΌ3. Crypto Funds Hit Record $167B in Assets
Crypto fund assets reached an all-time high of $167 billion in May, boosted by a massive $7.05 billion in net inflows across nearly 300 funds. Bitcoin funds led, capturing $5.5 billion, while ETH funds took in $890 million. This marks significant diversification by investors into digital assets.
π4. SocGen Launches Dollar-Pegged Stablecoin
French bank SociΓ©tΓ© GΓ©nΓ©rale is introducing βUSD CoinVertible,β a dollarβpegged stablecoin via its SGβFORGE arm. Built on Ethereum and Solana and backed by BNY Mellon, it targets institutional use cases like cross-border payments and FX transactionsβall set for July rollout.
