Friday Top Crypto News
In one short thread…
Yesterday, the Ethereum spot ETFs saw a total net inflow of $17 million, marking 20 consecutive days of net inflows.
Bitcoin spot ETFs recorded a total net outflow of $115 million, the first outflow after five straight days of net inflows
Coinbase reported Q2 2025 revenue of $1.5 billion, missing estimates and down 26% from the previous quarter. Net income was $1.43 billion, with adjusted net income of $33 million.
Stablecoin revenue rose 12% to $333 million. The company also announced plans to roll out tokenized stocks, prediction markets, derivatives, and early-stage token offerings for U.S. users in the coming months….
As of June 30, 2025, Coinbase held a total of 11,776 bitcoins for investment purposes, up 2,509 from the previous quarter, with a total cost basis of $740 million and a fair value of $1.26 billion. The company stated it is continuing to increase its holdings.
Strategy (formerly MicroStrategy) reported Q2 2025 net income of $10 billion, driven by Bitcoin price gains.
The company announced plans to raise $4.2 billion through STRC perpetual preferred stock to purchase additional Bitcoin.
Its holdings grew nearly 20% in the quarter, from 499,000 to 597,000 BTC, with a total of 628,800 BTC now held—approximately 3% of Bitcoin’s total supply.
Franklin Templeton, Bitwise, Fidelity, Canary Capital, CoinShares, Grayscale, and VanEck have filed amended S-1 registration statements with the SEC for Solana spot ETFs.
Grayscale’s filing shows the fund plans to charge a 2.5% fee, paid in SOL. In addition, the CoinShares Solana Staking ETF was registered in Delaware on June 10, 2025.
Mill City Ventures III has announced the completion of a $450 million private placement and the launch of its SUI treasury strategy.
The company has acquired a total of 76,271,187 SUI tokens through an OTC purchase agreement and in-kind contributions with the Sui Foundation, at an average price of $3.6389 per token.
Visa has expanded its stablecoin settlement support to include PYUSD, USDG, and EURC across Avalanche and Stellar networks.
The move adds to existing support for Ethereum and Solana, widening Visa’s stablecoin infrastructure amid broader institutional adoption.
Crypto majors trade at the following levels
BTC 117,790 (down 2.2% in 24 hours)
ETH 3,690 (down 4.5%)
XRP 2.992 (down 4.7%)
SOL 170.00 (down 6%)
Have a great day!
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