Crypto Bites | Recap 16062025
Hi frens,
The crypto world is buzzing today with a series of significant developments, from a Japanese investment firm making waves with its ambitious Bitcoin accumulation to a surprising surge in global crypto fund inflows, defying geopolitical jitters. We also have major news from Vietnam, BlackRock's continued dominance, and a fascinating report challenging common crypto stereotypes.
Metaplanet's Bitcoin Bet Pays Off Big, Overtakes Coinbase
Japanese investment firm Metaplanet is making headlines as it aggressively expands its Bitcoin holdings, now surpassing major players like Coinbase. The company just announced an additional purchase of 1,112 BTC for a staggering $117.2 million, bringing its total Bitcoin reserves to an impressive 10,000 BTC. This catapults Metaplanet ahead of Coinbase's 9,267 BTC holdings, marking a significant shift in institutional Bitcoin accumulation.
The latest acquisition was made at an average price of $105,435 per Bitcoin, a move that sent Metaplanet's stock soaring by over 17%, boasting a remarkable 408% year-to-date increase. The firm isn't stopping there, having announced the issuance of $210 million in zero-interest bonds, with the proceeds earmarked for further Bitcoin acquisitions. Their audacious goal? To hold over 210,000 BTC by 2027, representing 1% of the total Bitcoin supply, supported by a planned $5.4 billion equity offering. Since launching its Bitcoin strategy in April 2024, Metaplanet has been relentless, acquiring over 2,200 BTC in June alone.
Crypto Funds See $1.9 Billion Influx Amidst Global Tensions
Despite ongoing geopolitical uncertainties, global crypto funds are demonstrating remarkable resilience, raking in an impressive $1.9 billion in weekly inflows. This marks the ninth consecutive week of positive inflows, bringing the year-to-date total to $12.9 billion, with assets under management now standing at a robust $179 billion.
Bitcoin funds led the charge, rebounding with $1.3 billion in inflows, predominantly fueled by the strong performance of U.S. spot Bitcoin ETFs. This comes after two weeks of minor outflows, signaling renewed investor confidence. Bitcoin is currently trading around $107,186, up 1.3% over the past week.
Ethereum investment products also saw significant interest, adding $585 million and extending their best run since February, now totaling $2 billion in inflows. U.S. spot ETH ETFs were major contributors, accounting for $528 million. Ethereum is trading at $2,628, up 5.4%. Even XRP and Sui funds experienced their first net inflows in three weeks, adding $11.8 million and $3.5 million respectively. The U.S. led regional inflows with $1.9 billion, though Hong Kong and Brazil noted outflows. Analysts suggest that while crypto assets remain resilient, some caution is advised due to slower institutional momentum and a lack of clear visibility on interest rate cuts.
Vietnam Recognizes Crypto as Property, Eyes Digital Economy Boost
In a landmark move, Vietnam's National Assembly has passed a law recognizing cryptocurrencies as property, set to take effect on January 1, 2026. This significant legislation introduces a comprehensive legal framework, categorizing crypto into four distinct types: security tokens, payment tokens, utility tokens, and mixed tokens.
The new law aims to provide a clear regulatory environment and includes provisions for tax breaks, subsidies, and special visas to foster local startups and accelerate digital economy growth. Vietnam, which currently ranks fifth in global crypto adoption but remains on the FATF's grey list, hopes this move will boost crypto adoption, align with international regulatory standards (like the EU and Dubai), and address AML concerns. This follows Prime Minister Chinh’s March directive and is a key part of Vietnam’s broader plan to drive 8% economic growth.
BlackRock's IBIT Continues Its Stellar Run
BlackRock's iShares Bitcoin Trust (IBIT) continues to demonstrate its popularity, generating a substantial $1.1 billion in net inflows last week. The fund now boasts over $70 billion in assets under management, solidifying its position as a leading investment vehicle for Bitcoin exposure. This ongoing success highlights a growing trend among financial advisors who are increasingly recommending that investors include crypto in their portfolios.
Bitcoin Eyes $110,000 as Key Holders Halt Selloff
Bitcoin is showing strong resilience amidst geopolitical tensions and inflation data, with market analysts eyeing a potential move towards the $110,000 mark. A key indicator of renewed market confidence is the cessation of selling by long-term holders, signaling potential upward momentum. For Bitcoin to reach its $110,000 target, it must successfully break through the $108,000 resistance level. Failure to do so could see a price drop below $105,000.
Economic Indicators to Watch This Week
The coming week brings several U.S. economic indicators that could influence the crypto market:
Retail sales data is expected to show a 0.6% month-over-month decline, potentially signaling economic weakness and driving Bitcoin as a hedge.
Initial jobless claims are projected to rise to 250,000, suggesting a softening labor market, which could favor Bitcoin and potentially pave the way for Federal Reserve rate cuts.
The FOMC interest rate decision is widely expected to maintain rates at 4.25-4.5%, but any surprise rate cut could trigger a significant Bitcoin rally.
Crypto Ownership: Beyond the Stereotypes
A groundbreaking report from the National Cryptocurrency Association’s (NCA), "2025 State of Crypto," is shattering long-held stereotypes about crypto ownership in America. Released in May 2025, the report, based on a survey of 10,000 crypto owners, reveals that the typical crypto owner is no longer just a "tech-bro" or a "Wall Street savant." Instead, 55 million everyday Americans across diverse demographics are using crypto for shopping, saving, and sending money home.
The data highlights a surprisingly broad adoption across age, gender, income, and professional lines. While 67% of holders are men, a significant 31% are women, representing nearly 17 million American women engaged with digital assets. Furthermore, while 67% of crypto owners are under 45, almost 9 million are over 55, completely defying the narrative that crypto is purely a young person’s game. This report underscores that crypto ownership is far more diverse and mainstream than often depicted.
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