Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

Crypto News

Crucial Stablecoin Bill Vote Teed Up in the Senate for This Week

Senate Majority Leader John Thune has teed up a critical procedural vote Wednesday on stablecoin legislation supported by the crypto industry and President Donald Trump.

The vote, which will require support from 60 senators, puts the bipartisan legislation on path for swift passage in the coming days after revisions last month won the backing of crypto-friendly Democratic senators like Angela Alsobrooks and Mark Warner.

CZ Once Again Tops the List of Richest People of Chinese Descent

In the ever-changing cryptocurrency market, Zhao Changpeng (CZ) shines like a brilliant star, once again at the pinnacle of wealth. On June 10, 2025, Forbes' billionaire list indicated that CZ, with a net worth of $65.7 billion, reclaimed the title of the richest person of Chinese descent.

Bitcoin Pulls Back After Latest Push Toward Record Falls Short

Bitcoin retreated from the highs of the day after an earlier push toward the record price level set a little more than two weeks ago fell short.

The original cryptocurrency has jumped around 16% so far this year with the crypto-friendly Trump administration seen bolstering demand for digital assets. Expectations that the US is moving closer to resolving trade conflicts with nations such as China has helped to increase overall demand for riskier assets.

“A larger and larger audience of institutional buyers are getting comfortable with the asset and seeing that this has the potential to be much larger asset class than gold,” said Eric Jackson, president and founder of Emj Capital Ltd, a venture capital company. “There’s a drumbeat of announcements from sovereigns, Bitcoin treasury companies, and other institutions that they are taking notice of it, and that’s all combining for the interest in Bitcoin.”

Bitcoin rose as much as 1.7% to $110,572 on Tuesday, before trading little changed.

Peter Thiel-Backed Crypto Group Bullish Files For Wall Street IPO

Cryptocurrency exchange Bullish has filed for a US initial public offering as the Peter Thiel-backed group seeks to tap surging investor demand for digital assets under the Trump administration.

The company confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering in recent weeks, according to two people familiar with the situation.

Confidential filings allow companies to progress their listing plans before publicly revealing their financials closer to pursuing a flotation. Bullish did not respond to requests for comment.

Circle’s Wild IPO Sparks ETF Rush Betting on the Hot Stablecoin Stock

Wall Street’s ETF machine kicked into high gear just hours after Circle Internet Group Inc. went public, riding the frenzied initial public offering of the stablecoin giant as crypto technologies enter mainstream finance.

At least three issuers rushed to file related exchange-traded funds following Circle’s white-hot Thursday debut. The firm — issuer of USDC, the second-largest stablecoin — saw its shares triple shortly after trading began, reviving animal spirits across an IPO-starved market.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday (June 10) was $431.12 million. The total net asset value of Bitcoin spot ETFs is $132.83 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.08%.

The Bitcoin spot ETF with the highest net inflow on June 10 was IBIT, with a net inflow of $336.74 million. The Bitcoin spot ETF with the highest net outflow on June 10 was BITB, with a net outflow of $597.27K.