This page lists the latest Bitcoin news and market analysis. Browse articles, expert insights, and updates in this category on JrKripto. Stay informed with in-depth coverage of cryptocurrency trends and developments.
News
Bitcoin News
Browse all Bitcoin related articles and news. The latest news, analysis, and insights on Bitcoin.
The latest development in the crypto space came from American Bitcoin, a company co-founded by Eric Trump and Donald Trump Jr., sons of former US President Donald Trump. The company, which focuses on crypto mining and Bitcoin accumulation, raised $220 million through a private capital increase. The capital increase was confirmed by Hut 8 Corp, which holds a majority stake in the company, in an official filing with the US Securities and Exchange Commission (SEC).American Bitcoin raised fundsAs part of the funding, approximately 11 million shares were sold to private investors, with 10 million dollars worth of these shares purchased directly with Bitcoin. This demonstrates that American Bitcoin is actively engaged not only in mining but also in strategic BTC reserve accumulation. The filing stated that the proceeds will be used for strategic purposes such as purchasing Bitcoin and mining equipment. The average value per unit in Bitcoin purchases was set at 104,000 dollars. American Bitcoin currently holds 215 Bitcoin in its reserves. This asset may increase further in the future in line with the company's Bitcoin accumulation strategy. Launched in March 2024 and quickly gaining attention, this entity has managed to make a name for itself in just a few months through its political connections and aggressive growth plans.Plans to go public on NasdaqAnother important step for the company is its plan to go public. American Bitcoin plans to go public by merging with Gryphon Digital Mining, a crypto mining company listed on Nasdaq. The merger will be carried out through a share swap, and the new entity will trade on Nasdaq under the ticker symbol “ABTC.” It has been reported that Eric Trump will join the board of directors of the new entity following the merger.98% of the new entity will be owned by current American Bitcoin shareholders, indicating that the Trump family will retain significant control over the project. Hut 8 will continue to manage the operational processes of the new company.New office in DubaiMeanwhile, separate from American Bitcoin, the parent company Hut 8 has also decided to open a new office in Dubai as part of its global expansion strategy. Through the newly registered company “Hut 8 Investment Ltd.,” which was officially registered on June 23, the firm is expected to more effectively pursue its goals in crypto trading and crypto asset accumulation.Hut 8 CEO Asher Genoot stated in an interview with Bloomberg that the Dubai office will make the company's capital strategy more efficient. A company spokesperson emphasized that the Dubai office has no direct connection to American Bitcoin, which is linked to the Trump family.
US President Donald Trump's massive legislative package, dubbed the “Big Beautiful Bill,” which he aims to pass into law by July 4 Independence Day, has begun to face delays due to intense debates and amendment proposals in the Senate. The bill's provisions, which include budget and tax reforms as well as provisions related to cryptocurrencies, have sparked disagreements among members of Congress. This situation has further complicated the process, while some important regulations have already begun to emerge.Crypto tax exemption proposal: Lummis takes the stageRepublican Senator Cynthia Lummis has proposed a tax reform that closely affects crypto users and miners in the US by adding a provision to the bill. According to Lummis' proposal, the goal is to exempt kripto transactions under $300 and transactions totaling less than $5,000 annually from taxation. Additionally, crypto income obtained through airdrops, staking, and mining is also expected to be exempt from taxation until sold. Senator Lummis said in a statement, “Miners and stakers have been taxed twice for years: first when they receive the block reward, and second when they sell. We must put an end to this injustice.” The proposal also includes exempting most crypto lending agreements from taxation and applying the 'wash-sale' (buy-sell cycle for tax advantage) rules to be applied to crypto.This move is seen as part of Lummis' long-standing regulatory efforts, known for her crypto-friendly stance among Republicans. Indeed, Lummis had previously played a leading role in drafting the GENIUS Act, which covers stablecoin regulations.Warren rejects strict crypto banMeanwhile, a proposal led by Democratic Senators Elizabeth Warren and Jeff Merkley to ban government officials and their family members from owning cryptocurrency assets or promoting them in this field was rejected by the Senate. The bill had been expanded to cover many public officials, including the president, vice president, and members of Congress, as well as their spouses and children. It even aimed to restrict temporary public officials such as Elon Musk for one year after leaving office.Lummis opposed the proposal, arguing that “I understand the ethical concerns, but this proposal undermines American innovation and competitiveness,” claiming that the scope of the bill was excessive.Trump's July 4 goal in jeopardyThe bill passed the House of Representatives in May by a narrow margin of 215 to 214. However, the Republicans' slim majority in the Senate is prolonging the process. The process, known as “Vote-a-rama,” in which hundreds of amendments are put to a quick vote, has been going on for days. So far, negotiations on hundreds of provisions have continued into the night, and no agreement has been reached yet. As a result, the likelihood of the bill returning to the House of Representatives in time to be enacted by July 4 appears to have diminished.Elon Musk's harsh response: “I'll start a new party”The spending authorities and potential debt increase introduced by the bill have also prompted Tesla CEO Elon Musk to take action. Musk, who previously supported Trump's campaign, posted on X (formerly Twitter), “If this insane spending bill passes, I will start a new party the next day,” signaling the launch of a new political movement called the “America Party.”Musk argued that the bill would add $3.3 trillion to the U.S. debt over the next 10 years, saying, “Every member of Congress who promised to reduce government spending and yet voted yes on this bill should be ashamed. I will do everything in my power to unseat them in the next election.”
Kazakhstan has announced a new step to increase its influence in the cryptocurrency field. According to a statement by Timur Suleimenov, Governor of the National Bank of Kazakhstan, cryptocurrencies seized in the country and coins obtained from state-supported mining activities will be collected in a national reserve managed by an institution affiliated with the National Bank.A reserve will be created for cryptocurrencies in KazakhstanTimur Suleimenov, Governor of the National Bank of Kazakhstan, has announced a new plan that will take the country's approach to cryptocurrencies one step further. According to the plan, cryptocurrencies seized by the state and those obtained from public mining operations will be collected in a “national cryptocurrency reserve” managed by an institution affiliated with the Central Bank.This development could increase Kazakhstan's influence in the cryptocurrency ecosystem. The country already stands out for accounting for approximately 13% of the global Bitcoin (BTC) mining hash rate. Following an energy crisis in 2022, the state carried out a major operation against illegal mining activities and seized equipment worth approximately $200 million.According to Suleimenov, this new reserve structure will be established in a manner similar to a sovereign wealth fund model. The system, which will be managed through a single governing body, will prioritize transparency, oversight, and secure storage standards. The Central Bank governor stated, “In the face of volatile market conditions and potential cyber threats, a centralized structure will be the most viable solution.”Details of the plan are being worked out by relevant ministries and law enforcement agencies. However, no date has yet been given for when the reserve will be launched or how large it will be.BTC reserves are growingThis move puts Kazakhstan among the countries that have created state-level cryptocurrency reserves. While the idea of a “Strategic Reserve” for Bitcoin is on the agenda in the US, states such as Arizona, Ohio, and Texas have already legalized holding BTC. Meanwhile, in the private sector, companies like MicroStrategy, Metaplanet, and GameStop have begun creating new-generation corporate treasuries by including cryptocurrencies in their balance sheets. In fact, this morning we reported that Metaplanet had added another 1,005 BTC to its treasury.Cryptocurrency experts note that Kazakhstan's move could directly impact global Bitcoin demand. In particular, governments adopting such reserve strategies contributes to the growing acceptance of cryptocurrencies as “new-generation reserve assets.” As of June 30, 2025, Bitcoin's market value reached $2.14 trillion, with a 28.6% increase in value over the past 90 days. This momentum is believed to be driven by institutional purchases, particularly from governments and large institutions.
Cantor Fitzgerald made a quick entry into the market with its newly launched Bitcoin Financing Unit and plans to provide up to $2 billion in financing through this unit in the initial phase. Last month, Cantor also offered similar Bitcoin-backed financing to crypto companies such as Cantor Maple Finance and FalconX. Most recently, Wintermute, a market maker and OTC trading firm operating in the crypto market, secured a Bitcoin-backed credit line from Cantor. However, the full size of this agreement has not been disclosed.Cantor's major Bitcoin move: $2 billion in financingThe world-renowned investment bank Cantor Fitzgerald has taken an important step to strengthen its position in the field of institutional financing in the cryptocurrency markets. The company aims to provide up to $2 billion in financing in the initial phase through its newly launched Bitcoin Financing Unit. Cantor's new initiative includes a credit agreement with Wintermute, one of the leading market makers in the cryptocurrency asset markets. Under the agreement, Wintermute gained access to a Bitcoin-backed credit line. Although the transaction amount was not disclosed, this partnership follows similar agreements announced last month with Maple Finance and FalconX.Wintermute CEO Evgeny Gaevoy emphasized that this credit line facilitates liquidity management, which is particularly necessary for OTC (over-the-counter) transactions, and provides effective risk protection across markets. Gaevoy said, “Such credit facilities enable us to hedge risks and maintain liquidity across multiple platforms, allowing us to continue our capital-intensive operations.”A new corporate era after the crisis?Borrowing and lending activities in the cryptocurrency industry peaked in late 2021 and 2022, but many platforms suffered significant losses or went bankrupt during this period. The collapse of giants like Three Arrows Capital, Celsius, Voyager, and FTX had shaken confidence in credit activities within the sector. However, Cantor’s move may signal the beginning of a new and more regulated credit era on the institutional side.Cantor's launch of its Bitcoin financing business highlights the strengthening of bridges between traditional finance and crypto, as well as the renewed interest of large institutions in the sector. The collateralized structure provided by this financing line stands out as an important confidence-building element that has caught the attention of traditional investors and regulatory bodies.Institutional crypto activity is increasing in the USWintermute's expansion of its activities in the US market is also noteworthy. The company notes that the Trump administration's crypto-friendly stance has led to significant trading activity in the country. ETF developments and changes in interest rate policies are also increasing institutional investors' interest in Bitcoin, stablecoins, and selected altcoins.Wintermute CEO Gaevoy noted that this increased demand is directly reflected in their operations, stating, “Macroeconomic changes in the markets and product developments have reignited institutional investors. We are strengthening our position accordingly.”
According to CoinShares' latest weekly report, institutional interest in digital asset investment products continues to grow. During the week spanning June 21 to June 27, a total of $2.67 billion in net inflows were recorded for these products. This marks the 11th consecutive week of inflows. The total inflow for the first half of the year reached $17.8 billion, coming very close to the same period last year.The report notes that this strong performance is driven by macro factors such as geopolitical uncertainties and the lack of clarity regarding central banks' monetary policies. In particular, the massive inflow of 2.65 billion dollars from the US stands out, accounting for nearly the entire weekly total. While inflows of $19.8 million and $23 million were recorded from countries such as Germany and Switzerland, respectively, small outflows were observed in markets such as Canada (-$13.6 million), Hong Kong (-$2.3 million), and Brazil (-$2.4 million).Bitcoin and Ethereum are the focus of investments83% of the weekly total inflows were directed toward Bitcoin (BTC). There was an inflow of $2.224 billion into BTC investment products alone, reaching $14.9 billion in the first half of the year. In contrast, there was an outflow of $2.9 million from “Short Bitcoin” products that invest in Bitcoin's decline, reaching a total outflow of $12 million since the beginning of the year. This indicates a generally positive mood in the market.Ethereum (ETH) ranked second with a weekly inflow of $429.1 million. Total inflows into ETH products since the beginning of the year have reached $2.86 billion. Altcoin front is mixedThere is no clear trend on the altcoin front. XRP stood out with a weekly inflow of $10.6 million and a monthly inflow of $21.2 million, attracting a total of $219 million in investments since the beginning of the year. Sui (SUI) was another altcoin that attracted attention with a weekly inflow of $1.4 million and a total inflow of $104 million throughout the year.Solana (SOL) closed the week with $5.3 million in inflows, but total investment for the year remained at $91 million. Chainlink (LINK) contributed $0.8 million to investment products, while Cardano (ADA) contributed $0.7 million.However, outflows were observed in some altcoins and product groups. A monthly outflow of $17.3 million from multi-asset funds was notable. Similarly, Litecoin (LTC) products ended the week with zero flows, while only receiving $5 million in inflows for the year. Despite a $1.7 million inflow this week from products in the “other” category, there was a total outflow of $508 million for the year.Institutional demand continuesAnother notable data point in the report was provider-based flows. iShares/USA maintained its leadership with a massive weekly inflow of 1.544 billion dollars and a total of 17 billion dollars for the year. Grayscale, on the other hand, saw a weekly outflow of 5 million dollars and has experienced a total investment loss of 1.65 billion dollars since the beginning of the year. CoinShares XBT Provider also saw an outflow of $17 million this week and $269 million year-to-date.In short, institutional investors' interest in crypto assets is concentrated particularly on Bitcoin and Ethereum. In altcoins, investors are cautious, but there is selective interest in some projects.
Three separate announcements on June 30, 2025, revealed that institutional investors' interest in Bitcoin continues unabated. UK-based Vaultz Capital, Japan's Metaplanet, and Europe's leading reserve company The Blockchain Group added thousands of BTC to their coffers, further solidifying Bitcoin's position in the institutional arena.Vaultz Capital: Adding 50 BTC to the TreasuryLondon-based cryptocurrency company Vaultz Capital plc. announced that it had purchased an additional 40 BTC as part of its Bitcoin acquisition strategy. The company's total BTC holdings now stand at 50. This purchase, made at an average price of 80,788 pounds (approximately 107,995 dollars) per unit, came with a cost of 3.23 million pounds (approximately 4 million dollars).Alex Appleton, a member of the company's management team, stated that the purchase was carried out as planned following the fund-raising process announced on June 19. He also mentioned that they plan to invest in hashrate through hardware or cloud mining partnerships to gain access to Bitcoin mining in the near future. Vaultz emphasized that its operational activities are based on participation in the Bitcoin infrastructure and that it aims to generate revenue from block rewards and transaction fees in this regard.The Blockchain Group: Hosting one of Europe's largest BTC reservesFrance-based The Blockchain Group announced on June 30 that it had increased its total BTC reserves to 1,788. The company strengthened its reserves by purchasing an additional 60 BTC for approximately 5.5 million euros. The group also announced that it had achieved a 1,270% return on its BTC assets since the beginning of the year.The company is said to continue accumulating BTC through various capital increases, share conversions, and private investment programs. Notable transactions include Adam Back's purchase of shares worth 1.16 million euros and an ATM-style capital increase with the TOBAM fund. The Blockchain Group's total BTC value has reached approximately 161.3 million euros.Metaplanet: Surpassed Tesla, Aiming for the TopJapan-based Metaplanet purchased an additional 1,005 BTC in four transactions in June. This transaction, which took place at an average unit price of 107,923 dollars, brought the company's BTC reserves to 13,350. As a result, Metaplanet surpassed Tesla's BTC reserves and rose to seventh place in the corporate rankings.The company financed this purchase with a new bond series issued to restructure its previous bond debt. Evo Fund, a Japanese venture capital firm, both purchased the old bonds and underwrote the new ones. This strategy enabled Metaplanet to both reduce its debt burden and accelerate its BTC purchases. It is speculated that the company could reach its target of 63,000 BTC by year-end. Metaplanet's latest BTC purchase. Source: Metaplanet/X
The core PCE (Personal Consumption Expenditures), published by the US Department of Commerce on June 27, came in above expectations as one of the critical economic inflation indicators on the markets' radar. The announcement of annual inflation of 2.7 percent exceeded the market expectation of 2.6 percent and once again threw investors' hopes regarding the US Federal Reserve's (FED) interest rate policy into uncertainty. The Bitcoin (BTC) price initially experienced slight fluctuations after the data.Inflation indicator above expectationsThe core PCE price index, known as the FED's favorite inflation indicator, rose to 2.7 percent on an annual basis in May. On a monthly basis, inflation was announced as 0.2 percent. This measurement, which excludes volatile items such as food and energy, is considered a critical reference in the FED's monetary policy decisions. Accordingly, it is noteworthy that the core PCE has been above the FED's 2 percent target for 51 months. It is stated that the tariffs implemented by President Donald Trump after his re-election put pressure on import costs in particular. According to data from Yale University's Budget Lab, the average effective tariff rate rose from 2.2 percent in 2024 to 15.8 percent by 2025, reaching its highest level since 1936. Although the impact of this situation on inflation seems to be limited, experts point out the possibility that companies will pass these costs on to consumers in the coming months.How did the Bitcoin market react?With the announcement of the data, there were short-term fluctuations in the price of the leading cryptocurrency Bitcoin. According to market data, BTC, which was around $ 107,200 during the day, fell to $ 106,800 after the data. While volumes in the market increased in general, there was a temporary weakening in investors' risk appetite. As can be seen in the image, BTC, which was horizontal until the morning of June 27 before the price data, turned downward as inflation figures exceeded expectations. The subsequent recovery attempts were weak.Will there be a rate cut?After the FED passed on the expected rate cut in June, markets are focused on September. However, an upward surprise in inflation could undermine these expectations. Bank of America economists warn that core PCE inflation could reach 3.1 percent by the end of the year, and comments are being made that this situation could delay interest rate cut expectations.However, the same experts predict that this increase in inflation could be temporary and will fall back to around 2 percent by the end of 2026. These estimates indicate that the FED will continue to be “patient but cautious” in its interest rate decisions.The employment and growth data to be released in the coming weeks will determine the course of both the FED and crypto investors. In particular, the impact of President Trump’s economic policies on inflation seems to be one of the main dynamics determining the course of the markets for the rest of the year.
The countdown has begun for the long-awaited legal framework for cryptocurrency regulation in the US. David Sacks, known as the “crypto czar” of the White House in the US, announced on social media that two important laws, the CLARITY and GENIUS Acts, will be signed in July and introduced to the Senate agenda.GENIUS Act: Provides a national stablecoin standard for the USThe GENIUS (Guaranteed Electronic National Innovation for the US) Act aims to introduce comprehensive national regulation for stablecoins. This law draws a clear framework for how cryptocurrencies pegged to fiat currencies such as the US dollar will be issued, their reserve guarantees, and their legal responsibilities. According to Sacks, this law will provide a safer regulatory environment for domestic companies. In addition, it will reduce the US’s dependence on foreign financial technologies.The rapid growth of the stablecoin market has made regulatory uncertainties more visible. With the enactment of the GENIUS Act, it is aimed for stable cryptocurrencies such as USDC and USDT to operate in a more transparent and regulated manner on US soil. CLARITY Act: “Legal clarity” for cryptocurrenciesThe CLARITY (Cryptocurrency Legal Accountability and Regulatory Transparency for Innovation and Yield) Act stands out as a more comprehensive regulation. This law aims to put an end to the legal uncertainty that has been going on for years by introducing clear definitions of whether cryptocurrencies are securities or commodities. In particular, the clarification of the jurisdictions of institutions such as the SEC and CFTC was among the steps that major investors were waiting for.The bill, supported by Senate Banking Committee Chairman Tim Scott and Digital Assets Subcommittee Chairman Cynthia Lummis, will be submitted to the Senate in July and is aimed to be enacted by September. Lummis said in a statement that the CLARITY Act is largely similar to the bill passed in the House of Representatives and will create a “friendlier” regulatory environment for crypto innovators.July is going to be quite busySacks, known for his PayPal background, is a consultant not only in crypto but also in advanced technology areas such as artificial intelligence. Trump’s increasing crypto-focused rhetoric during his election campaign has turned into a concrete strategy with these legal processes.July seems to be busy not only in terms of crypto regulations but also in terms of trade policies. Trump’s new tariffs expected to be announced on July 8-9 and the tax spending package planned to be presented on July 4 are among the other topics that will shape the US’s claim to global technology leadership.
Bakkt, a US-based cryptocurrency platform and public company, announced in a new document filed with the US Securities and Exchange Commission (SEC) that it plans to raise up to $1 billion in capital. The company's move will be made with the aim of strategically purchasing Bitcoin and other cryptocurrencies.A new strategy for BitcoinAccording to the "S-3 registration statement" filed with the SEC on June 26, Bakkt will be able to raise up to $1 billion through instruments such as an IPO, debt securities, preferred stocks and warrants. The company can use these funds for general operating expenses or to purchase Bitcoin or other digital assets. In fact, this strategic change of direction was foreshadowed with the new investment policy announced on June 10. The statement stated that the company would now include digital assets in its treasury. However, according to SEC documents, no Bitcoin purchases have been made yet.Bakkt's co-CEO Akshay Naheta commented on this change in strategy as follows:"This initiative supports Bakkt's transformation into a company focused entirely on crypto infrastructure. We are taking a multi-faceted approach that reflects our belief in the future of cryptocurrencies and Bakkt's vision for international growth." Bakkt has been progressing in the BTC space since 2018Founded in 2018 with the support of Intercontinental Exchange (owner of the NYSE), Bakkt initially targeted institutional investors by offering physically delivered Bitcoin futures. However, this product received limited attention. The company then moved on to other areas such as loyalty points tokenization and crypto custody services. It went public in 2021.The company's first CEO, Kelly Loeffler, left her position in 2019 and was briefly appointed as a Georgia senator. During this transformation process of Bakkt, there were also recent reports that the company would be acquired by Donald Trump's social media platform Truth Social.The stock reacts positivelyThe document submitted to the SEC also includes concerns about the company's financial health. Bakkt stated that it is facing some difficulties due to its limited operating history and inability to generate stable income. It was also stated that a major customer that provides a large portion of the company's revenue will not renew its contract, which could negatively affect its financial structure.Despite this, the market reacted positively to the announcement in the short term. According to market data, BKKT shares increased by 3.09 percent to $13.3. However, a small decrease (about 0.60 percent) was observed in post-closing transactions.If Bakkt implements Bitcoin purchases, it will join the bandwagon of publicly traded companies that follow this strategy. Some of these companies have experienced significant increases in their shares. For example, Japan-based Metaplanet's shares gained 7,963 percent after purchasing BTC in April.In contrast, according to Lookonchain data, only 8 out of 20 companies that announced that they purchased Bitcoin benefited from this strategy on a per-share basis. The stock performance of 12 companies showed a decline. In other words, Bitcoin investments may not always produce positive results in the short term.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin briefly dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S. intervention in the Iran–Israel conflict. However, fueled by strong buying momentum at the start of the new week, BTC quickly reclaimed this critical psychological threshold. The price surged from a low of $98,000 to as high as $108,000. A pullback after such a sharp rally is considered natural, while holding above the $100,000 level continues to serve as a key confidence line, both technically and psychologically.As for Ethereum, as highlighted in our previous analysis, the $2,100 region has proven to be a solid support zone. Renewed buying interest in this area has propelled ETH toward the short-term target of $2,400. The $2,430 level is currently being monitored as support, while $2,600 stands as the next resistance to watch.Crypto NewsInvesco Galaxy submitted the S-1 form for the Solana ETF.Canary filed an application with the CBOE for the PENGU ETF.The US Federal Housing Finance Agency (FHFA) decided to accept cryptocurrencies as collateral (mortgage) for those wishing to buy a home.The FHFA directed Fannie Mae and Freddie Mac to consider crypto assets in their mortgage evaluations.NVIDIA reached a new ATH level.Powell: At some point, we will resume interest rate cuts.The Nasdaq 100 reached a new ATH, hitting an all-time high.CryptocurrenciesTop Gainers:MOVE → Increased by 33.5% to $0.19715073.MOCA → Increased by 11.1% to $0.07644085.XCN → Increased by 10.4% to $0.01645214.KAS → Increased by 7.6% to $0.07954247.DOG → Increased by 7.3% to $0.00407479.Top Losers:FRAX → Declined by 11.4% to $2.02.POPCAT → Declined by 9.0% to $0.27353041.CRV → Down 8.9% to $0.52128798.FARTCOIN → Down 8.5% to $0.9840403.SEI → Down 8.2% to $0.28035777.Fear Index:Bitcoin: 70 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 65.61% ▼ 0.17%Ethereum: 9.16% ▲ 1.90%Daily Total Net ETF InflowsBTC ETFs: $547.70 millionETH ETFs: $60.40 millionGlobal MarketsGlobal risks continue to take a back seat as the Israel–Iran ceasefire continues, and the positive mood in global markets is maintained. The calm course of oil prices and the improvement in risk perception are providing stability to the stock markets. The VIX volatility index fell 0.7 points yesterday to 16.8, its lowest level since February.Today's data calendar is busy in the US. The May trade balance, durable goods orders, pending home sales, and the final estimate of first-quarter growth will be monitored. According to the second estimate, the US economy contracted by 0.2% in the first quarter of the year. During this period, imports of goods and services increased by 43%, while growth in consumer spending was 1.2%, the lowest level in the last five quarters.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.77 trillion, share price of $154.31, up 4.33%.Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.27, up 0.44%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.56, up 0.63%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $211.99, down 0.37%.Alphabet (GOOG) → Market value of $2.08 trillion, share price of $171.49, up 2.24%.Borsa IstanbulAccording to a report published by the Central Bank of the Republic of Turkey (CBRT) in June, inflation expectations declined across all sectors. Inflation expectations for the next 12 months fell to 24.6% among market participants, 39.8% in the real sector, and 53% among households. This is the lowest level since November 2021.There was strong demand for the Treasury's 5-year $2.5 billion lease certificate issuance. The lease rate was set at 6.75%. Thus, a total of $7 billion in external funding has been secured since the beginning of the year.The BIST 100 closed yesterday with a 0.3% decline. Holding, retail, and refinery stocks retreated, while Aselsan and Turkcell remained strong. The Monetary Policy Committee (MPC) summary will be announced today. If there are no significant developments on the global front, the market may remain flat.Top Companies by Market Capitalization on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market capitalization of 866.81 billion TL, share price of 265.00 TL, up 2.42%.Aselsan Elektronik Sanayi (ASELS) → Market value of 676.7 billion TL, share price of 147.10 TL, down 0.88%.Türkiye Garanti Bankası (GARAN) → Market value of 502.32 billion TL, share price of 121.00 TL, up 1.17%.Turkish Airlines A.O. (THYAO) → Market value of 374.67 billion TL, share price of 272.00 TL, saw a 0.18% increase.Enka Construction and Industry (ENKAI) → Market value of 369.3 billion TL, share price of 64.30 TL, increase of 2.06%.Precious Metals and Currency PricesGold: 4,266 TLSilver: 46.47 TLPlatinum: 1,778 TLDollar: 39.76 TLEuro: 46.56 TLWe look forward to bringing you the latest updates again tomorrow.
There has been a significant development in the cryptocurrency industry in the US. Federal Housing Finance Agency (FHFA) Director Bill Pulte has instructed two major housing finance institutions, Fannie Mae and Freddie Mac, to prepare a proposal to use cryptocurrencies as reserve assets in mortgage assessments. In a statement made on the FHFA's official X (formerly Twitter) account, it was announced that Fannie Mae and Freddie Mac will prepare a proposal that includes accepting cryptocurrencies as reserve assets in individual housing loan risk assessments. This initiative could pave the way for cryptocurrencies to become collateral in the mortgage system. Trump's crypto vision is starting to show its effectFHFA Director Bill Pulte made the following statements in the statement he shared:"After lengthy research and in line with President Trump's vision of making America the crypto capital of the world, I have today instructed Fannie Mae and Freddie Mac to prepare to include cryptocurrencies in the mortgage system." Pulte’s statements point to the Trump administration’s continued support for the crypto sector since January. Since taking office, Trump has appointed key figures who support crypto-friendly regulations to key positions, while also taking steps such as establishing a strategic Bitcoin reserve.Fannie Mae and Freddie Mac are two government-backed institutions established by Congress that aim to provide liquidity and stability to the US mortgage market. Instead of directly providing mortgage loans, these institutions securitize loans received from private banks and offer them to the market. Therefore, the fact that these institutions evaluate crypto assets as reserves could be groundbreaking for the sector.Only cryptos on regulated exchanges will be evaluatedAccording to the FHFA’s statement, only cryptocurrencies held on centralized crypto exchanges regulated in the US will be evaluated. In other words, assets held in users’ own wallets will be excluded from this scope. This shows that regulatory compliance is at the forefront.Pulte’s personal financial statements show that he owns assets such as Bitcoin and Solana, and also has investments in crypto mining company MARA Holdings.Strong support from the crypto sectorThe FHFA’s move has had a huge impact in the crypto world. MicroStrategy founder Michael Saylor described the development as “a historic moment for institutional Bitcoin adoption” in a post on social media. Saylor said, “The US mortgage industry is leading the way, the global banking system will follow.”Blockchain-based real estate startup Propy also described the development as “a big step for crypto adoption in the real estate sector.” The company’s official X account said, “Regulators are taking action, markets are paying attention.”The way home could be through cryptoConsidering that approximately 55 million people in the US own cryptocurrencies, integrating these assets into the mortgage system could pave the way for many people to own a home. If this proposal is implemented, cryptocurrencies will go beyond being an investment vehicle. It will expand its real-world use.
Japan-based investment company Metaplanet continues to make a name for itself in the cryptocurrency market. With its latest move, the company has purchased 1,234 more Bitcoins (BTC), leaving Elon Musk's Tesla behind in the institutional BTC ownership rankings. Following this purchase, Metaplanet's total BTC holdings reached 12,345, with an average purchase price of $98,303. The total value of these assets is around $1.3 billion at current prices.Tesla is behind, the "big guys" are nextTesla holds 11,509 BTC. With its latest purchase, Metaplanet has surpassed this figure, becoming the world's fifth-largest publicly traded institutional BTC holder. The company is currently ahead of only major crypto firms: Bitcoin mining giant Marathon Digital Holdings (MARA), Riot Platforms, Galaxy Digital, and Strategy (formerly MicroStrategy), which tops the list.Strategy, led by founder Michael Saylor, is currently the clear leader with 592,345 BTC. A huge $515 million capital raiseMetaplanet’s big purchase comes on the heels of a $515 million capital raise it announced the day before. The company said it used the capital as part of its “Bitcoin treasury building strategy.” The Tokyo Stock Exchange-listed firm reported that it issued new shares totaling 74.9 billion yen (about $515 million).The move is part of Metaplanet’s “555 million plan,” which it calls its goal of 210,000 BTC, equivalent to 1 percent of the total Bitcoin supply. The firm plans to reach this ambitious goal by the end of 2027.Market reaction mixedInvestor reaction was mixed. Despite the latest news of the purchase, Metaplanet shares were down 0.94 percent in Tokyo. The stock, which has lost 12.2 percent in the last five days, has shown an impressive increase of 353.5 percent since the beginning of the year.This move by Metaplanet once again shows that institutional investors continue to be interested in Bitcoin. The institutional BTC reserve strategy pioneered by Michael Saylor is no longer limited to US-based technology companies; major players from Asia are also taking their place in this field.Metaplanet's rapid growth may trigger more Japanese or Asian investment giants to create BTC portfolios in the coming period. The adoption of Bitcoin as a "store of value", especially in the face of rising inflation since 2024, makes this strategy even more attractive.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin fell below $100,000 at the height of weekend tensions, as the U.S. entered the Iran-Israel conflict. However, supported by strong buying momentum at the start of the new week, it managed to reclaim this critical psychological resistance level. BTC surged from a low of $98,000 to as high as $106,700. A pullback following such a sharp rise is considered normal. Holding above the $100,000 mark continues to serve as both a technical and psychological confidence threshold.As for Ethereum, as highlighted in our previous analysis, the $2,100 region remains a strong support zone. With renewed buying interest around this level, ETH quickly rallied toward the short-term target zone near $2,400. The $2,380 level is currently being monitored as support, while $2,460 stands as the next key resistance point.Crypto NewsPompliano's Procap purchased 3,724 BTC.US House Speaker Johnson: We aim to pass the tax bill by July 4.Powell: Expect interest rate cuts to continue when the time comes.Truth Social files with the NYSE for a Bitcoin and Ethereum ETF.CryptocurrenciesTop Gainers:SYRUP → Increased by 19.1% to $0.60408863.PI → Increased by 16.8% to $0.61875017.DEXE → Increased by 11.8% to $8.72.APT → Increased by 9.9% to $4.74.DOG → Increased by 7.8% to $0.00373852.Top Losers:TEL → Declined by 7.3% to $0.00396176.LPT → Declined by 6.8% to $5.89.MOCA → Declined by 6.6% to $0.06969272.VIRTUAL → Declined by 6.0% to $1.55.PLUME → Declined by 5.9% to $0.08499106.Fear Index:Bitcoin: 62 (Greed)Ethereum: 46 (Neutral)Dominance:Bitcoin: 65.33% ▲ 0.07%Ethereum: 9.13% ▼ 0.17%Daily Total Net ETF InflowsBTC ETFs: $588.60 millionETH ETFs: $71.30 millionData to Watch Today5:00 PM – Fed Chair Powell's Comments5:00 PM – New Home Sales (May): Expectation 694K, Previous 743K5:30 PM – Energy Information Administration Crude Oil Inventories: Expectation -1,200M, Previous -11,473MGlobal MarketsThe prevailing sentiment in global markets appears to be that no news is good news. The easing of global risks, the lack of escalation following the Iran-Israel ceasefire, and the diminishing likelihood of existing threats materializing have all had a positive effect on currency markets.We are following this positive atmosphere in US and European futures and Asian stock markets with a bullish trend. The VIX fear index fell to 17.5 points, indicating a sharp decline in risk perception. The S&P 500 closed the day up 1.1% and the Nasdaq up 1.4%.Federal Reserve Chair Jerome Powell delivered key remarks during his presentation to the House of Representatives, emphasizing the strength of the U.S. economy and the resilience of the labor market. He acknowledged that inflation has come down but remains above the Fed’s 2% target.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.64 trillion, share price of $490.11, up 0.85%.NVIDIA (NVDA) → Market capitalization of $3.61 trillion, share price of $147.90, up 2.59%.Apple (AAPL) → Market capitalization of $2.99 trillion, share price of $200.30, down 0.60%.Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.77, up 2.06%.Alphabet (GOOG) → Market capitalization of $2.03 trillion, share price of $167.74, up 1.04%.Borsa IstanbulBorsa Istanbul recorded its highest close since June 13, ending the day with a gain of over 3%. We believe this positive momentum is likely to continue. The index will be closely watched at resistance levels of 9,550 and 9,800, while 9,250 and 9,100 are key support zones. The recent ceasefire in the Middle East also triggered strong buying activity on the BIST.From a broader perspective, however, economic indicators continue to point toward a slowdown. The Real Sector Confidence Index declined again in June. Looking ahead, sectoral inflation expectations will be released today, followed by the CBRT Monetary Policy Committee meeting summary tomorrow, and the Economic Confidence Index on Friday. Despite the macro headwinds, we expect buying sentiment in the equity market to persist in the short term.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market value of 847.55 billion TL, share price of 258.75 TL, 0.00% change.Aselsan Electronics Industry (ASELS) → Market capitalization of 650.26 billion TL, share price of 149.50 TL, 4.84% increase.Türkiye Garanti Bankası (GARAN) → Market value of 483.84 billion TL, share price of 120.10 TL, 0.08% increase.Koç Holding A.Ş. (KCHOL) → Market value of 366.18 billion TL, share price of 146.70 TL, experienced a 0.81% decrease.Enka Construction and Industry (ENKAI) → Market value of 354.06 billion TL, share price of 63.35 TL, up 0.72%.Precious Metals and Currency PricesGold: 4,234 TLSilver: 45.85 TLPlatinum: 1,673 TLDollar: 39.62 TLEuro: 46.03 TLWe look forward to bringing you the latest updates again tomorrow.
Donald Trump's media company, Trump Media & Technology Group (TMTG), is expanding its claim in the cryptocurrency space. The company's Bitcoin and Ethereum-focused ETF, named after its social media platform Truth Social, has been accepted into the official listing application process by NYSE Arca, affiliated with the New York Stock Exchange.New development in Truth Social's Bitcoin and Ethereum ETFIn fact, the ETF application in question was made a few weeks ago. However, now the process has officially entered a new phase. NYSE Arca has filed a "Form 19b-4" with the U.S. Securities and Exchange Commission (SEC), requesting the necessary rule changes for the ETF to be traded on the stock exchange. This step officially signals the start of the listing process for the ETF. Truth Social Bitcoin and Ethereum ETF, which has a passive investment strategy, aims to directly track Bitcoin and Ethereum prices. The fund's portfolio distribution will be 75% Bitcoin and 25% Ethereum. This ratio shows that Bitcoin maintains its digital gold status, but Ethereum is also included.The fund will be sponsored by Yorkville America Digital, while custody services will be provided by Foris DAX Trust Company. Market pricing will be provided by CF Benchmarks, as with other ETFs previously approved by the SEC. Net asset value (NAV), total assets, and intraday values will be updated every 15 seconds.The ETF's creation and redemption transactions will be made directly with crypto assets via blocks of 10,000 shares. This system aims to reduce tax burdens and increase price efficiency. NYSE Arca also stated that it will use data from CME's futures markets and its own surveillance infrastructure to prevent fraud and market manipulation.Crypto initiatives continue to growTrump Media is not limited to this ETF. In June, the company filed both a Bitcoin-only spot ETF application and a Bitcoin-Ethereum hybrid ETF application. With the announcement made in May, Trump Media announced that it was aiming for a total capital increase of $2.5 billion and announced that it would purchase Bitcoin with the majority of this fund. The company had also created share buyback plans within this scope.The activities of World Liberty Financial, which is affiliated with the Trump family, are also drawing attention in cryptocurrencies. The company in question entered the market with a stablecoin project called USD1. It has also made headlines with its purchases of other cryptocurrencies.If approved, the Truth Social Bitcoin and Ethereum ETF will be one of the first dual-asset crypto ETFs to be traded on US exchanges. In order for the SEC to evaluate the application, it must first be published in the Federal Register and then the evaluation process must begin with comments from the public.
Aurora Mobile, a China-based technology company listed on Nasdaq, is preparing to make a significant investment in cryptocurrencies. According to the new plan approved by the company's board of directors, Aurora will invest up to 20% of its current cash and cash equivalents in crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Sui (SUI).The investment decision is positioned as part of the company's long-term value creation strategy. In its official statement, Aurora Mobile stated that this move is a "measured step" aimed at both increasing its balance sheet diversity and being a part of financial innovation.What is the aim of this move?In its statement, Aurora Mobile stated that this investment does not only aim to preserve value, but will also support the company's growth strategy and prepare the ground for potential partnerships. The company's post on the X (formerly Twitter) platform included the following statements:"This share allocated to crypto assets puts us at the forefront of financial innovation and unlocks the potential for long-term value creation in the rapidly evolving digital economy."Aurora Mobile’s crypto investment will not affect the company’s core business operations or current growth plans. On the contrary, the alternative earning avenues offered by digital assets will provide the company with an opportunity to diversify its portfolio independent of traditional markets.Aurora Mobile shares riseAurora Mobile CEO and Chairman Weidong Luo also commented on the investment decision, stating that this move will increase portfolio diversity by providing access to a new asset class with low correlation, while also creating a financial strategy more in line with technological developments. According to Luo, this investment is also a strategic step towards modernizing the company’s treasury:“At a time when blockchain and crypto assets are reshaping the global financial infrastructure, we see this investment as not only a financial but also a technological positioning.”Following Aurora’s statements, there was movement in the company’s shares traded on Nasdaq. Aurora Mobile shares rose by 4.78 percent to $11.01 on Tuesday, the day the announcement was made. The company’s total market value is $66.9 million. Institutional interest in cryptocurrencies at its peakAurora Mobile’s decision is a new example of the recent trend of increasing institutional crypto investments. Leading assets such as BTC and ETH are solidifying their place in institutional portfolios as long-term value storage instruments. On the other hand, highly scalable projects such as Solana and SUI continue to attract investor interest. Aurora Mobile also took its place among the companies investing in cryptocurrency.The company also announced that it has repurchased 295,179 American Depository Shares (ADS) in the past period.
