Friday Top Crypto News
In one short thread…
Yesterday, the Ethereum spot ETFs recorded a total net inflow of $112 million, marking 19 consecutive days of net inflows.
Bitcoin spot ETFs saw a total net inflow of $86.31 million, extending their net inflow streak to 4 consecutive days.
CFTC Acting Chair Caroline Pham said the agency will maintain strict oversight of the crypto industry despite support from the Trump administration.
She emphasised that fraud and theft will not be tolerated, and noted that the CFTC has ended its “regulation by enforcement” approach, shifting focus to targeting fraud and scams.
Yieldbasis, a new project by the Curve founder, proposes using compounding leverage to continuously rebalance AMM positions toward the spot price slope, effectively eliminating impermanent loss. Simulations show BTC/USD liquidity can earn ~20% APR over six years with BTC-like exposure.
Solana-based NFT platform Solsniper announced it will shut down its NFT marketplace on June 13, 2025.
All NFTs will be automatically delisted, bids canceled, and balances refunded to users’ wallets. The team will retain rewards leaderboard data for use in future incentive programs.
Cryptocurrency exchange KuCoin has launched KuCoin Thailand, a licensed digital token and cryptocurrency exchange regulated by Thailand’s Securities and Exchange Commission (SEC). After an initial invite-only phase, the platform is now open to all eligible users in Thailand.
The SEC and Ripple Labs have jointly asked a Manhattan federal court to dissolve a prior injunction and release $125 million currently held in escrow, according to a filing made Thursday in the Southern District of New York.
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Crypto majors trade at the following levels
BTC 104,270 (down 3.2% in 24 hours)
ETH 2,520 (down 8.9%)
XRP 2.115 (down 6.2%)
SOL 143.94 (down 9.7%)
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