News & Research

The supply of Bitcoin held on exchanges has fallen below 15% for the first time since 2018, Cointelegraph reported. Over-the-counter (OTC) balances have also fallen by 21% since January, constricting supply and putting upward pressure on the Bitcoin unit price.

Binance Exchange founder and former CEO Changpeng Zhao (CZ) revealed on X that he personally donated $10 million in BNB to Vitalik Buterin's open-source biotech efforts a few months ago. Zhao also mentioned recent donations to other charities, with results to be shared soon.

Tuttle Capital has submitted an amendment to the U.S. SEC to set July 16 as the effective date for its proposed 2x leveraged meme coin ETF, according to Bloomberg analyst Eric Balchunas on X. While the change doesn’t guarantee a launch, effective dates often coincide with ETF debuts. Tuttle initially filed for the ETF in January and has also adjusted dates for several other crypto-related funds.

The Boba Governance Foundation, which oversees the layer-2 blockchain solution Boba Network, has secured a $70 million investment from Awaken Foundation and LDA Capital to support its development and expansion, according to Decrypt. The funds will be used to improve core infrastructure, grow the developer ecosystem and advance AI-powered decentralized applications. The foundation also reached an agreement with the FTX Recovery Trust regarding BOBA tokens.

Public companies increased their Bitcoin (BTC) holdings by 18% in Q2, acquiring about 131,000 BTC, surpassing ETFs for the third consecutive quarter, according to CNBC. This trend reflects a push to follow the Strategy playbook in a more crypto-friendly regulatory environment under the Trump administration. While ETFs remain the largest collective holders of Bitcoin, companies are using BTC treasuries to boost shareholder value. Analysts expect this strategy to fade over time as Bitcoin adoption becomes more mainstream.

Bitcoin layer-2 (L2) project Botanix has launched its mainnet, reducing block creation time from 10 minutes to 5 seconds, according to CoinDesk. The network is EVM-compatible, enabling Ethereum-based apps on Bitcoin. With decentralized governance, the project is run by a foundation of 16 node operators, including Galaxy Digital and Fireblocks. Botanix also introduced BTC-backed stablecoin Palladium and decentralized exchange Bitzy.

UniCredit, Italy’s second-largest bank, announced it will offer a Bitcoin ETF-linked product from BlackRock to select clients, marking a new step in expanding crypto investment options for its clientele, according to @cryptounfolded.

U.S. Federal Reserve Chair Jerome Powell said the U.S. economy is in solid shape and inflation is moving as expected when excluding tariff effects, according to @PiQSuite on X. He noted that the Fed paused rate changes in response to the scale of new tariffs and emphasized that waiting remains the prudent approach as long as the economy stays strong. Higher inflation readings are anticipated over the summer.

E-commerce company DDC Enterprise (NYSE: DDC) has completed an initial closing of a $528 million capital raise, marking one of the largest Bitcoin-focused raises by a NYSE-listed company, according to Business Wire press release. The funding, backed by investors including Anson Funds, will support DDC's corporate Bitcoin accumulation strategy. DDC Enterprises announced on June 17 that it would raise the amount through stock purchase agreements with investors such as Animoca Brands and QCP Capital, as well as convertible bond issuance.

U.S. stock markets have opened lower today. S&P500: -0.29% NASDAQ: -0.37% Dow: -0.08%