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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.

The stablecoin bill would set up rules for dollar-pegged tokens used to make payments. The stablecoins would have to be backed one to one with reserves held in short-term investments like federal debt, overseen by federal or state regulators.

SEC Chairman Paul Atkins Signals Regulatory Shift to Boost DeFi Innovation

United States Securities and Exchange Commission (SEC) Chair Paul Atkins says the agency is considering enacting a blockchain relief framework that could see key actors allowed to offer products and services “expeditiously.”

“While the Commission and its staff work to propose fit-for-purpose rules of the road for on-chain financial markets, I have directed the staff to consider a conditional exemptive relief framework or ‘innovation exemption’ that would expeditiously allow registrants and non-registrants to bring on-chain products and services to market,” Atkins said.

Strategy Acquires 1,045 Bitcoin for $110 Million

Strategy, headed by Michael Saylor, continues its aggressive Bitcoin acquisition approach. The official SEC filing on June 9, 2025, announced the purchase of 1,045 Bitcoin for $110.2 million, bringing total holdings to 582,000 BTC. This reinforces institutional confidence.

Strategy, with Michael Saylor as Executive Chairman and Phong Le as CEO, remains the largest public holder of Bitcoin. The recent acquisition ties into a $1 billion stock offering. They strategically utilize cash inflows for accumulating and holding Bitcoin.

The acquisition directly supports Bitcoin's position as a robust store-of-value asset. Institutional purchases like these frequently pressurize public markets, potentially causing liquidity adjustments and offering insights into corporate treasury management's evolving strategies.

South Korea’s Ruling Party Unveils Plan to Allow Stablecoins

South Korea’s new President, Lee Jae-myung, is moving quickly to deliver on his campaign pledge to allow local companies to issue stablecoins, giving a further boost to one of the world’s most active digital-asset markets.

Lee, a progressive leader who defeated his conservative rival in last week’s presidential election, has been a vocal proponent of stablecoin adoption.

On Tuesday, Lee’s ruling Democratic Party proposed Digital Asset Basic Act, aimed at improving transparency and encouraging competition in the crypto sector. Under the act, South Korean companies can issue stablecoins if they have at least 500 million won ($367,876) in equity capital while ensuring that refunds are guaranteed through reserves.

Bitcoin Set For Dramatic Repricing As Wall Street Piles In: Cathie Wood

Appearing on the Diary of a CEO podcast, ARK Invest founder Cathie Wood said that the “green-light” approval of spot-Bitcoin exchange-traded funds in January 2024 has only just opened the gates to what she called an “institutional land-rush” for the asset. “Institutions have barely started committing,” she told host Steven Bartlett, adding that they control “trillions of dollars” yet have access to barely “a hundred-billion-dollar sliver” of new supply because just one million bitcoin remain to be mined.

Wood framed the supply-demand mismatch in stark macroeconomic terms. With roughly 20 million BTC already in existence, US spot ETFs alone have vacuumed up more than 1.2 million coins—about 5.7 percent of the eventual supply—since launching eighteen months ago, according to Bitbo’s on-chain ETF tracker. Daily flow data show that even on a quiet trading day, funds such as BlackRock’s IBIT and Ark-21Shares’ ARKB can collectively absorb tens of millions of dollars’ worth of bitcoin, occasionally draining hundreds of coins from open markets in a single session.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday(June 9) was $386.27 million. The total net asset value of Bitcoin spot ETFs is $131.06 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.07%.

The Bitcoin spot ETF with the highest net inflow on June 9 was FBTC, with a net inflow of $172.99 million; Followed by iShares Bitcoin Trust ETF, with net inflow of 120.93 million.