Daily News: BTC Reclaims $110k, Strategy Raises $112 Million, Proshares and Bitwise Files CRCL ETF, and More

BTC Reclaims $110K, ETH Rebounces to $2,600 in Early Morning Rally

BTC broke above $110,000 and ETH exceeded $2,600 early this morning, with 24-hour gains of 2.42% and 5.77%.

Trump Signals Positive Progress in US-China Talks, May Ease Export Controls

Bloomberg reported that trade talks between the US and China will resume tomorrow at 10 a.m. in London after six hours of negotiations on Monday. President Donald Trump said on Monday he received “good reports” from London, added that the U.S. is considering lifting export controls as negotiations between the two countries continue.

Crypto Industry Groups Back Regulatory Clarity Bill in New CLARITY Act Draft

Multiple major blockchain and crypto organizations have released a joint statement welcoming the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act. The bill aims to protect developers of non-custodial, peer-to-peer technologies while maintaining strict oversight of custodial financial institutions. The statement emphasizes that, based on FinCEN’s 2019 guidance, developers and infrastructure providers who do not control user funds should not be regulated as money transmitters. Signatories include Coin Center, DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association, and Uniswap Labs. They expressed gratitude to Chairman Hill, Chairman Steil, Majority Whip Emmer, and Representative Torres.

Strategy Raises $112 Million for Bitcoin Purchases, No MSTR Shares Sold

Strategy announced on June 9 that it raised $112.2 million between June 2 and June 8 through its at-the-market (ATM) offering, selling 626,639 STRK preferred shares and 432,679 STRF preferred shares. Notably, the company did not sell any common MSTR shares. As of June 8, Strategy still has $18.631 billion available under its Common ATM program, $20.617 billion under the STRK ATM program, and $2.005 billion under the STRF ATM program.

ProShares and Bitwise File ETF Applications Linked to Circle Stock

According to Henry Jim, Senior ETF analyst at Bloomberg, ProShares and Bitwise have submitted filings to the U.S. SEC for ETFs tracking Circle stock. The proposed products are the ProShares Ultra CRCL ETF and the Bitwise CRCL Option Income Strategy ETF. Ticker symbols are pending, and the expected effective date is August 20.

Citi Projects 75 Basis Point Fed Rate Cut in 2025

Following the release of U.S. nonfarm payroll data, Citi now expects the Federal Reserve to cut rates by a total of 75 basis points this year—25 basis points each in September, October, and December.

Binance PoR Report Confirms Over-Collateralization Across Major Assets

Binance’s latest Proof of Reserves (PoR) report shows over 100% reserve ratios for all major assets. BTC reserves stand at 606,080.648 BTC with a 102.13% reserve ratio; USDT at around 29.27 billion with 101.52%; ETH at approximately 5.337 million with 100.00%; and BNB at 44.536 million with 111.74%. USDC has the highest reserve ratio at 153.01%, indicating robust asset backing.

Nasdaq Files to Add XRP, SOL, ADA, and XLM to Crypto Index

On June 2, Nasdaq submitted a 19b-4 rule change application to the U.S. SEC seeking to include XRP, SOL, XLM, and ADA in its digital asset benchmark index. If approved, the Hashdex Nasdaq Crypto Index U.S. ETF (NCIQ) will shift from the Nasdaq Crypto U.S. Settlement Price Index (NCIUS) to the broader Nasdaq Crypto Index (NCI), enabling investments in these assets. The SEC’s final decision is due by November 2, 2025.

Bitcoin Treasury Debt Risk Overstated, Most Maturities Set for 2027–2030

Alex Thorn, Head of Research at Galaxy Digital, said fears over Bitcoin treasury companies' debt burdens are exaggerated. He noted that the overall debt size is modest and most obligations mature in over two years. Galaxy Research data indicates that debts maturing in July 2024 ($650 million), September 2024 ($500 million), and February 2025 ($1.05 billion) have already been repaid. The majority of remaining debt is due between 2027 and 2030, including $1 billion in December 2027, $2 billion in March 2028, and $3.65 billion in June 2028—the largest single amount. Companies in the dataset include Strategy, Marathon, Riot, Semler Scientific, Marathon Holdings, and H100, with data current as of May 27, 2025.

Sonic Labs Season 1 Airdrop Ending Soon, Shadow Participation Boosts Score

Sonic Labs announces that its Season 1 airdrop is nearing its end, but users can still earn rewards through participation in Shadow Exchange, a project within its ecosystem. Holders of $SHADOW and $x33 are eligible for passive Sonic points. Shadow also offers high APY and high-multiplier liquidity pools, enabling users to earn additional airdrop points through staking. Season 2 will commence immediately following the end of Season 1.

Metaplanet Shares Surge 22% on $5.4B Fundraising Plan for BTC Reserves

Japanese Bitcoin investment firm Metaplanet saw its stock price surge 22% on Monday, reportedly in response to news that the company plans to raise approximately $5.4 billion to expand its Bitcoin reserves, which have already reached $1 billion in scale.