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Bakkt Seeks $1 Billion in Funds to Purchase Bitcoin
Bakkt, a US-based cryptocurrency platform and public company, announced in a new document filed with the US Securities and Exchange Commission (SEC) that it plans to raise up to $1 billion in capital. The company's move will be made with the aim of strategically purchasing Bitcoin and other cryptocurrencies.A new strategy for BitcoinAccording to the "S-3 registration statement" filed with the SEC on June 26, Bakkt will be able to raise up to $1 billion through instruments such as an IPO, debt securities, preferred stocks and warrants. The company can use these funds for general operating expenses or to purchase Bitcoin or other digital assets. In fact, this strategic change of direction was foreshadowed with the new investment policy announced on June 10. The statement stated that the company would now include digital assets in its treasury. However, according to SEC documents, no Bitcoin purchases have been made yet.Bakkt's co-CEO Akshay Naheta commented on this change in strategy as follows:"This initiative supports Bakkt's transformation into a company focused entirely on crypto infrastructure. We are taking a multi-faceted approach that reflects our belief in the future of cryptocurrencies and Bakkt's vision for international growth." Bakkt has been progressing in the BTC space since 2018Founded in 2018 with the support of Intercontinental Exchange (owner of the NYSE), Bakkt initially targeted institutional investors by offering physically delivered Bitcoin futures. However, this product received limited attention. The company then moved on to other areas such as loyalty points tokenization and crypto custody services. It went public in 2021.The company's first CEO, Kelly Loeffler, left her position in 2019 and was briefly appointed as a Georgia senator. During this transformation process of Bakkt, there were also recent reports that the company would be acquired by Donald Trump's social media platform Truth Social.The stock reacts positivelyThe document submitted to the SEC also includes concerns about the company's financial health. Bakkt stated that it is facing some difficulties due to its limited operating history and inability to generate stable income. It was also stated that a major customer that provides a large portion of the company's revenue will not renew its contract, which could negatively affect its financial structure.Despite this, the market reacted positively to the announcement in the short term. According to market data, BKKT shares increased by 3.09 percent to $13.3. However, a small decrease (about 0.60 percent) was observed in post-closing transactions.If Bakkt implements Bitcoin purchases, it will join the bandwagon of publicly traded companies that follow this strategy. Some of these companies have experienced significant increases in their shares. For example, Japan-based Metaplanet's shares gained 7,963 percent after purchasing BTC in April.In contrast, according to Lookonchain data, only 8 out of 20 companies that announced that they purchased Bitcoin benefited from this strategy on a per-share basis. The stock performance of 12 companies showed a decline. In other words, Bitcoin investments may not always produce positive results in the short term.
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27 Jun 2025
Daily Market Summary with JrKripto 26 June 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin briefly dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S. intervention in the Iran–Israel conflict. However, fueled by strong buying momentum at the start of the new week, BTC quickly reclaimed this critical psychological threshold. The price surged from a low of $98,000 to as high as $108,000. A pullback after such a sharp rally is considered natural, while holding above the $100,000 level continues to serve as a key confidence line, both technically and psychologically.As for Ethereum, as highlighted in our previous analysis, the $2,100 region has proven to be a solid support zone. Renewed buying interest in this area has propelled ETH toward the short-term target of $2,400. The $2,430 level is currently being monitored as support, while $2,600 stands as the next resistance to watch.Crypto NewsInvesco Galaxy submitted the S-1 form for the Solana ETF.Canary filed an application with the CBOE for the PENGU ETF.The US Federal Housing Finance Agency (FHFA) decided to accept cryptocurrencies as collateral (mortgage) for those wishing to buy a home.The FHFA directed Fannie Mae and Freddie Mac to consider crypto assets in their mortgage evaluations.NVIDIA reached a new ATH level.Powell: At some point, we will resume interest rate cuts.The Nasdaq 100 reached a new ATH, hitting an all-time high.CryptocurrenciesTop Gainers:MOVE → Increased by 33.5% to $0.19715073.MOCA → Increased by 11.1% to $0.07644085.XCN → Increased by 10.4% to $0.01645214.KAS → Increased by 7.6% to $0.07954247.DOG → Increased by 7.3% to $0.00407479.Top Losers:FRAX → Declined by 11.4% to $2.02.POPCAT → Declined by 9.0% to $0.27353041.CRV → Down 8.9% to $0.52128798.FARTCOIN → Down 8.5% to $0.9840403.SEI → Down 8.2% to $0.28035777.Fear Index:Bitcoin: 70 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 65.61% ▼ 0.17%Ethereum: 9.16% ▲ 1.90%Daily Total Net ETF InflowsBTC ETFs: $547.70 millionETH ETFs: $60.40 millionGlobal MarketsGlobal risks continue to take a back seat as the Israel–Iran ceasefire continues, and the positive mood in global markets is maintained. The calm course of oil prices and the improvement in risk perception are providing stability to the stock markets. The VIX volatility index fell 0.7 points yesterday to 16.8, its lowest level since February.Today's data calendar is busy in the US. The May trade balance, durable goods orders, pending home sales, and the final estimate of first-quarter growth will be monitored. According to the second estimate, the US economy contracted by 0.2% in the first quarter of the year. During this period, imports of goods and services increased by 43%, while growth in consumer spending was 1.2%, the lowest level in the last five quarters.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → Market capitalization of $3.77 trillion, share price of $154.31, up 4.33%.Microsoft (MSFT) → Market capitalization of $3.66 trillion, share price of $492.27, up 0.44%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.56, up 0.63%.Amazon (AMZN) → Market capitalization of $2.25 trillion, share price of $211.99, down 0.37%.Alphabet (GOOG) → Market value of $2.08 trillion, share price of $171.49, up 2.24%.Borsa IstanbulAccording to a report published by the Central Bank of the Republic of Turkey (CBRT) in June, inflation expectations declined across all sectors. Inflation expectations for the next 12 months fell to 24.6% among market participants, 39.8% in the real sector, and 53% among households. This is the lowest level since November 2021.There was strong demand for the Treasury's 5-year $2.5 billion lease certificate issuance. The lease rate was set at 6.75%. Thus, a total of $7 billion in external funding has been secured since the beginning of the year.The BIST 100 closed yesterday with a 0.3% decline. Holding, retail, and refinery stocks retreated, while Aselsan and Turkcell remained strong. The Monetary Policy Committee (MPC) summary will be announced today. If there are no significant developments on the global front, the market may remain flat.Top Companies by Market Capitalization on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market capitalization of 866.81 billion TL, share price of 265.00 TL, up 2.42%.Aselsan Elektronik Sanayi (ASELS) → Market value of 676.7 billion TL, share price of 147.10 TL, down 0.88%.Türkiye Garanti Bankası (GARAN) → Market value of 502.32 billion TL, share price of 121.00 TL, up 1.17%.Turkish Airlines A.O. (THYAO) → Market value of 374.67 billion TL, share price of 272.00 TL, saw a 0.18% increase.Enka Construction and Industry (ENKAI) → Market value of 369.3 billion TL, share price of 64.30 TL, increase of 2.06%.Precious Metals and Currency PricesGold: 4,266 TLSilver: 46.47 TLPlatinum: 1,778 TLDollar: 39.76 TLEuro: 46.56 TLWe look forward to bringing you the latest updates again tomorrow.
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26 Jun 2025
Move from the USA: Cryptos Will Be Included in Mortgage!
There has been a significant development in the cryptocurrency industry in the US. Federal Housing Finance Agency (FHFA) Director Bill Pulte has instructed two major housing finance institutions, Fannie Mae and Freddie Mac, to prepare a proposal to use cryptocurrencies as reserve assets in mortgage assessments. In a statement made on the FHFA's official X (formerly Twitter) account, it was announced that Fannie Mae and Freddie Mac will prepare a proposal that includes accepting cryptocurrencies as reserve assets in individual housing loan risk assessments. This initiative could pave the way for cryptocurrencies to become collateral in the mortgage system. Trump's crypto vision is starting to show its effectFHFA Director Bill Pulte made the following statements in the statement he shared:"After lengthy research and in line with President Trump's vision of making America the crypto capital of the world, I have today instructed Fannie Mae and Freddie Mac to prepare to include cryptocurrencies in the mortgage system." Pulte’s statements point to the Trump administration’s continued support for the crypto sector since January. Since taking office, Trump has appointed key figures who support crypto-friendly regulations to key positions, while also taking steps such as establishing a strategic Bitcoin reserve.Fannie Mae and Freddie Mac are two government-backed institutions established by Congress that aim to provide liquidity and stability to the US mortgage market. Instead of directly providing mortgage loans, these institutions securitize loans received from private banks and offer them to the market. Therefore, the fact that these institutions evaluate crypto assets as reserves could be groundbreaking for the sector.Only cryptos on regulated exchanges will be evaluatedAccording to the FHFA’s statement, only cryptocurrencies held on centralized crypto exchanges regulated in the US will be evaluated. In other words, assets held in users’ own wallets will be excluded from this scope. This shows that regulatory compliance is at the forefront.Pulte’s personal financial statements show that he owns assets such as Bitcoin and Solana, and also has investments in crypto mining company MARA Holdings.Strong support from the crypto sectorThe FHFA’s move has had a huge impact in the crypto world. MicroStrategy founder Michael Saylor described the development as “a historic moment for institutional Bitcoin adoption” in a post on social media. Saylor said, “The US mortgage industry is leading the way, the global banking system will follow.”Blockchain-based real estate startup Propy also described the development as “a big step for crypto adoption in the real estate sector.” The company’s official X account said, “Regulators are taking action, markets are paying attention.”The way home could be through cryptoConsidering that approximately 55 million people in the US own cryptocurrencies, integrating these assets into the mortgage system could pave the way for many people to own a home. If this proposal is implemented, cryptocurrencies will go beyond being an investment vehicle. It will expand its real-world use.
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26 Jun 2025
Metaplanet Surpasses Tesla with Latest Bitcoin Purchase!
Japan-based investment company Metaplanet continues to make a name for itself in the cryptocurrency market. With its latest move, the company has purchased 1,234 more Bitcoins (BTC), leaving Elon Musk's Tesla behind in the institutional BTC ownership rankings. Following this purchase, Metaplanet's total BTC holdings reached 12,345, with an average purchase price of $98,303. The total value of these assets is around $1.3 billion at current prices.Tesla is behind, the "big guys" are nextTesla holds 11,509 BTC. With its latest purchase, Metaplanet has surpassed this figure, becoming the world's fifth-largest publicly traded institutional BTC holder. The company is currently ahead of only major crypto firms: Bitcoin mining giant Marathon Digital Holdings (MARA), Riot Platforms, Galaxy Digital, and Strategy (formerly MicroStrategy), which tops the list.Strategy, led by founder Michael Saylor, is currently the clear leader with 592,345 BTC. A huge $515 million capital raiseMetaplanet’s big purchase comes on the heels of a $515 million capital raise it announced the day before. The company said it used the capital as part of its “Bitcoin treasury building strategy.” The Tokyo Stock Exchange-listed firm reported that it issued new shares totaling 74.9 billion yen (about $515 million).The move is part of Metaplanet’s “555 million plan,” which it calls its goal of 210,000 BTC, equivalent to 1 percent of the total Bitcoin supply. The firm plans to reach this ambitious goal by the end of 2027.Market reaction mixedInvestor reaction was mixed. Despite the latest news of the purchase, Metaplanet shares were down 0.94 percent in Tokyo. The stock, which has lost 12.2 percent in the last five days, has shown an impressive increase of 353.5 percent since the beginning of the year.This move by Metaplanet once again shows that institutional investors continue to be interested in Bitcoin. The institutional BTC reserve strategy pioneered by Michael Saylor is no longer limited to US-based technology companies; major players from Asia are also taking their place in this field.Metaplanet's rapid growth may trigger more Japanese or Asian investment giants to create BTC portfolios in the coming period. The adoption of Bitcoin as a "store of value", especially in the face of rising inflation since 2024, makes this strategy even more attractive.
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26 Jun 2025
Daily Market Summary with JrKripto 25 June 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin fell below $100,000 at the height of weekend tensions, as the U.S. entered the Iran-Israel conflict. However, supported by strong buying momentum at the start of the new week, it managed to reclaim this critical psychological resistance level. BTC surged from a low of $98,000 to as high as $106,700. A pullback following such a sharp rise is considered normal. Holding above the $100,000 mark continues to serve as both a technical and psychological confidence threshold.As for Ethereum, as highlighted in our previous analysis, the $2,100 region remains a strong support zone. With renewed buying interest around this level, ETH quickly rallied toward the short-term target zone near $2,400. The $2,380 level is currently being monitored as support, while $2,460 stands as the next key resistance point.Crypto NewsPompliano's Procap purchased 3,724 BTC.US House Speaker Johnson: We aim to pass the tax bill by July 4.Powell: Expect interest rate cuts to continue when the time comes.Truth Social files with the NYSE for a Bitcoin and Ethereum ETF.CryptocurrenciesTop Gainers:SYRUP → Increased by 19.1% to $0.60408863.PI → Increased by 16.8% to $0.61875017.DEXE → Increased by 11.8% to $8.72.APT → Increased by 9.9% to $4.74.DOG → Increased by 7.8% to $0.00373852.Top Losers:TEL → Declined by 7.3% to $0.00396176.LPT → Declined by 6.8% to $5.89.MOCA → Declined by 6.6% to $0.06969272.VIRTUAL → Declined by 6.0% to $1.55.PLUME → Declined by 5.9% to $0.08499106.Fear Index:Bitcoin: 62 (Greed)Ethereum: 46 (Neutral)Dominance:Bitcoin: 65.33% ▲ 0.07%Ethereum: 9.13% ▼ 0.17%Daily Total Net ETF InflowsBTC ETFs: $588.60 millionETH ETFs: $71.30 millionData to Watch Today5:00 PM – Fed Chair Powell's Comments5:00 PM – New Home Sales (May): Expectation 694K, Previous 743K5:30 PM – Energy Information Administration Crude Oil Inventories: Expectation -1,200M, Previous -11,473MGlobal MarketsThe prevailing sentiment in global markets appears to be that no news is good news. The easing of global risks, the lack of escalation following the Iran-Israel ceasefire, and the diminishing likelihood of existing threats materializing have all had a positive effect on currency markets.We are following this positive atmosphere in US and European futures and Asian stock markets with a bullish trend. The VIX fear index fell to 17.5 points, indicating a sharp decline in risk perception. The S&P 500 closed the day up 1.1% and the Nasdaq up 1.4%.Federal Reserve Chair Jerome Powell delivered key remarks during his presentation to the House of Representatives, emphasizing the strength of the U.S. economy and the resilience of the labor market. He acknowledged that inflation has come down but remains above the Fed’s 2% target.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.64 trillion, share price of $490.11, up 0.85%.NVIDIA (NVDA) → Market capitalization of $3.61 trillion, share price of $147.90, up 2.59%.Apple (AAPL) → Market capitalization of $2.99 trillion, share price of $200.30, down 0.60%.Amazon (AMZN) → Market capitalization of $2.26 trillion, share price of $212.77, up 2.06%.Alphabet (GOOG) → Market capitalization of $2.03 trillion, share price of $167.74, up 1.04%.Borsa IstanbulBorsa Istanbul recorded its highest close since June 13, ending the day with a gain of over 3%. We believe this positive momentum is likely to continue. The index will be closely watched at resistance levels of 9,550 and 9,800, while 9,250 and 9,100 are key support zones. The recent ceasefire in the Middle East also triggered strong buying activity on the BIST.From a broader perspective, however, economic indicators continue to point toward a slowdown. The Real Sector Confidence Index declined again in June. Looking ahead, sectoral inflation expectations will be released today, followed by the CBRT Monetary Policy Committee meeting summary tomorrow, and the Economic Confidence Index on Friday. Despite the macro headwinds, we expect buying sentiment in the equity market to persist in the short term.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → Market value of 847.55 billion TL, share price of 258.75 TL, 0.00% change.Aselsan Electronics Industry (ASELS) → Market capitalization of 650.26 billion TL, share price of 149.50 TL, 4.84% increase.Türkiye Garanti Bankası (GARAN) → Market value of 483.84 billion TL, share price of 120.10 TL, 0.08% increase.Koç Holding A.Ş. (KCHOL) → Market value of 366.18 billion TL, share price of 146.70 TL, experienced a 0.81% decrease.Enka Construction and Industry (ENKAI) → Market value of 354.06 billion TL, share price of 63.35 TL, up 0.72%.Precious Metals and Currency PricesGold: 4,234 TLSilver: 45.85 TLPlatinum: 1,673 TLDollar: 39.62 TLEuro: 46.03 TLWe look forward to bringing you the latest updates again tomorrow.
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25 Jun 2025
Truth Social's Bitcoin and Ethereum ETF Officially In Listing Process
Donald Trump's media company, Trump Media & Technology Group (TMTG), is expanding its claim in the cryptocurrency space. The company's Bitcoin and Ethereum-focused ETF, named after its social media platform Truth Social, has been accepted into the official listing application process by NYSE Arca, affiliated with the New York Stock Exchange.New development in Truth Social's Bitcoin and Ethereum ETFIn fact, the ETF application in question was made a few weeks ago. However, now the process has officially entered a new phase. NYSE Arca has filed a "Form 19b-4" with the U.S. Securities and Exchange Commission (SEC), requesting the necessary rule changes for the ETF to be traded on the stock exchange. This step officially signals the start of the listing process for the ETF. Truth Social Bitcoin and Ethereum ETF, which has a passive investment strategy, aims to directly track Bitcoin and Ethereum prices. The fund's portfolio distribution will be 75% Bitcoin and 25% Ethereum. This ratio shows that Bitcoin maintains its digital gold status, but Ethereum is also included.The fund will be sponsored by Yorkville America Digital, while custody services will be provided by Foris DAX Trust Company. Market pricing will be provided by CF Benchmarks, as with other ETFs previously approved by the SEC. Net asset value (NAV), total assets, and intraday values will be updated every 15 seconds.The ETF's creation and redemption transactions will be made directly with crypto assets via blocks of 10,000 shares. This system aims to reduce tax burdens and increase price efficiency. NYSE Arca also stated that it will use data from CME's futures markets and its own surveillance infrastructure to prevent fraud and market manipulation.Crypto initiatives continue to growTrump Media is not limited to this ETF. In June, the company filed both a Bitcoin-only spot ETF application and a Bitcoin-Ethereum hybrid ETF application. With the announcement made in May, Trump Media announced that it was aiming for a total capital increase of $2.5 billion and announced that it would purchase Bitcoin with the majority of this fund. The company had also created share buyback plans within this scope.The activities of World Liberty Financial, which is affiliated with the Trump family, are also drawing attention in cryptocurrencies. The company in question entered the market with a stablecoin project called USD1. It has also made headlines with its purchases of other cryptocurrencies.If approved, the Truth Social Bitcoin and Ethereum ETF will be one of the first dual-asset crypto ETFs to be traded on US exchanges. In order for the SEC to evaluate the application, it must first be published in the Federal Register and then the evaluation process must begin with comments from the public.
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25 Jun 2025
Nasdaq-Listed Aurora Mobile to Allocate 20 Percent of Assets to Cryptocurrencies
Aurora Mobile, a China-based technology company listed on Nasdaq, is preparing to make a significant investment in cryptocurrencies. According to the new plan approved by the company's board of directors, Aurora will invest up to 20% of its current cash and cash equivalents in crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Sui (SUI).The investment decision is positioned as part of the company's long-term value creation strategy. In its official statement, Aurora Mobile stated that this move is a "measured step" aimed at both increasing its balance sheet diversity and being a part of financial innovation.What is the aim of this move?In its statement, Aurora Mobile stated that this investment does not only aim to preserve value, but will also support the company's growth strategy and prepare the ground for potential partnerships. The company's post on the X (formerly Twitter) platform included the following statements:"This share allocated to crypto assets puts us at the forefront of financial innovation and unlocks the potential for long-term value creation in the rapidly evolving digital economy."Aurora Mobile’s crypto investment will not affect the company’s core business operations or current growth plans. On the contrary, the alternative earning avenues offered by digital assets will provide the company with an opportunity to diversify its portfolio independent of traditional markets.Aurora Mobile shares riseAurora Mobile CEO and Chairman Weidong Luo also commented on the investment decision, stating that this move will increase portfolio diversity by providing access to a new asset class with low correlation, while also creating a financial strategy more in line with technological developments. According to Luo, this investment is also a strategic step towards modernizing the company’s treasury:“At a time when blockchain and crypto assets are reshaping the global financial infrastructure, we see this investment as not only a financial but also a technological positioning.”Following Aurora’s statements, there was movement in the company’s shares traded on Nasdaq. Aurora Mobile shares rose by 4.78 percent to $11.01 on Tuesday, the day the announcement was made. The company’s total market value is $66.9 million. Institutional interest in cryptocurrencies at its peakAurora Mobile’s decision is a new example of the recent trend of increasing institutional crypto investments. Leading assets such as BTC and ETH are solidifying their place in institutional portfolios as long-term value storage instruments. On the other hand, highly scalable projects such as Solana and SUI continue to attract investor interest. Aurora Mobile also took its place among the companies investing in cryptocurrency.The company also announced that it has repurchased 295,179 American Depository Shares (ADS) in the past period.
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25 Jun 2025
Daily Market Summary with JrKripto 24 June 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s take a closer look at the overall market sentiment and the latest insights together.Bitcoin dipped below the $100,000 mark at the height of geopolitical tensions over the weekend, following the U.S.'s entry into the Iran–Israel conflict. However, strong buying momentum at the start of the new week helped BTC reclaim this critical psychological threshold. After falling to a low of $98,000, Bitcoin surged to as high as $106,000. A brief pullback after such a sharp rally is considered natural. Holding above the $100,000 level continues to serve as both a technical and psychological support line.As for Ethereum, the $2,100 zone highlighted in our previous analysis has proven to be a solid support area. With buying interest emerging from this level, ETH quickly climbed to the short‑term target range around $2,400. The $2,380 mark is currently being watched as near‑term support, while $2,430 stands as the closest resistance level.Crypto NewsIran and Israel have declared a 12‑hour ceasefire.Trump on the Fed interest rate: “We should be at least two to three points lower.”Goolsbee: “If the uncertainty over tariffs is removed, we should continue to cut rates.”Hassett: “There is no reason for the Fed not to cut rates.”Trump Media has approved a $400 million share buyback.Strategy purchased 245 #Bitcoin at an average price of $105,856.CryptocurrenciesTop Gainers:SEI → increased by 38.5% to $0.28162748.KTA → increased by 31.4% to $0.76449666.TEL → increased by 24.4% to $0.00427768.JASMY → increased by 24.4% to $0.01407185.DOG → increased by 23.0% to $0.00340695.Top Losers:VENOM → declined by 2.6% to $0.16444289.USDB → declined by 1.8% to $0.98318051.LGCT → declined by 1.2% to $1.70.BTSE → declined by 1.2% to $1.67.XAUT → declined by 1.0% to $3,336.58.Fear Index:Bitcoin: 54 (Neutral)Ethereum: 35 (Fear)Dominance:Bitcoin: 65.36% ▲ 0.02%Ethereum: 9.06% ▼ 0.25%Daily Total Net ETF InflowsBTC ETFs: $350.60 millionETH ETFs: $100.70 millionData to Watch Today• 5:00 p.m. – Conference Board (CB) Consumer Confidence (June)Expectation: 99.4 | Previous: 98.0• 5:00 p.m. – Fed Chair Powell's CommentsGlobal MarketsU.S. stock markets closed the day in positive territory following a brief ceasefire between Iran and Israel. Iran’s retaliatory actions were perceived as largely symbolic and, as a result, were not fully priced in by the markets. These developments signaled that the conflict was unlikely to escalate further, helping ease investor anxiety.The S&P 500 rose by 0.96%, the Nasdaq gained 0.94%, and the Dow Jones advanced 0.89%.Meanwhile, the VIX fear index declined by 0.8 points to 19.8, further confirming our comments about the easing of market tension.Oil prices saw a sharp decline, dropping nearly 9%, while bullish sentiment took hold in the futures markets.Most Valuable Companies and Stock PricesMicrosoft (MSFT) → Market capitalization of $3.61 trillion, share price of $486.00, up 1.80%.NVIDIA (NVDA) → Market capitalization of $3.52 trillion, share price of $144.17, up 0.22%.Apple (AAPL) → Market capitalization of $3.01 trillion, share price of $201.50, up 0.25%.Amazon (AMZN) → $2.21 trillion, $208.47, down 0.58%.Alphabet (GOOG) → $2.01 trillion, $166.01, down 1.03%.Borsa İstanbulAccording to data released yesterday, the number of foreign tourists visiting Turkey in May declined by 1.8% year‑over‑year. In the first five months of the year, total foreign tourist arrivals dropped by 1% to 15.6 million.The spike in geopolitical tensions in the Middle East over the weekend appears to have eased in the short term, following recent statements and developments. If global tensions remain subdued, expectations for a potential interest rate cut by the Central Bank of the Republic of Turkey (CBRT) in July could gain traction. This could potentially support upward momentum on Borsa İstanbul.Today, attention will turn to the two‑day NATO Leaders Summit, which will also be attended by President Erdoğan. The BIST 100 index may attempt to move toward the 9,400 level during the session.Companies with the Highest Market Value on the Istanbul Stock ExchangeQNB Finansbank (QNBTR) → 854.25 billion TL, share price of 263.00 TL, up 3.95%.Aselsan Electronics Industry (ASELS) → 667.13 billion TL, share price of 141.10 TL, down 4.08%.Türkiye Garanti Bankası (GARAN) → 484.26 billion TL, share price of 119.80 TL, up 3.99%.Koç Holding A.Ş. (KCHOL) → 370.24 billion TL, share price of 147.40 TL, up 2.08%.Turkish Airlines A.O. (THYAO) → 354.31 billion TL, share price of 266.25 TL, up 5.24%.Precious Metals and Currency PricesGold: 4,240 TLSilver: 46.02 TLPlatinum: 1,681 TLDollar: 39.66 TLEuro: 45.99 TLWe look forward to bringing you the latest updates again tomorrow.
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24 Jun 2025
FET Comments and Price Analysis 24 June 2025
FET Technical AnalysisLooking at the FET daily chart, we can see a clear descending channel pattern which has worked properly since the beginning of 2024. Falling Channel Structure The price of the coin is currently trading in the middle band of this descending channel and we have a significant support zone around $0.65–$0.70. The price breaking down this important support zone is trading above the support area again. The price can go down first to the level of $0.53 in case of daily closing below the important level $0.65 and then it can retreat to the level of around $0.33 which is the channel trend support.The level of $0.87 is only possible if the price closes above the level of $0.70 in terms of upward movements. Above this price level, we have the level $1 which is the trend resistance level. Technically, it is highly possible that a breakout will occur in case of next trend test.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
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24 Jun 2025
Trump’s Ceasefire Announcement Revives Crypto Market: BTC and Altcoins on the Rise
A surprise announcement following the tensions in the Middle East has brought a spring atmosphere to the crypto markets. Former US President Donald Trump announced that a ceasefire had been reached between Israel and Iran. This development caused sharp increases in many cryptocurrencies, especially Ethereum (ETH), Solana (SOL) and Cardano (ADA), after the sharp fluctuations experienced over the weekend.In a statement he made on the social media platform Truth Social, Trump said, “Iran will officially begin a ceasefire and Israel will join the ceasefire at the 12th hour. At the end of the 24th hour, the world will officially declare the 12-day war over.” Although there was no official confirmation from either government, the markets reacted positively to this statement.ETH, SOL and ADA increased by nearly 10 percentThe most striking increase in cryptocurrencies was experienced on the Ethereum, Solana and Cardano fronts. While ETH climbed above $ 2,400, Solana rose to $ 145 and ADA rose to $ 0.59. These movements represent an increase of approximately 7 percent for each asset in the last 24 hours.The market, which was trying to recover after the liquidation of approximately $600 million in long positions at the beginning of the week, as we reported the other day, has taken on a buying structure again with this new news. Other leading altcoins such as XRP, BNB and Dogecoin also gained between 4 percent and 6 percent. There is a slight relief in the macro outlookThis rise was not limited to crypto assets only. Brent oil fell by 1.8 percent, while US stock futures also turned positive. Although the truth of the ceasefire has not yet been confirmed by the official authorities, investors' risk appetite has started to increase again.SignalPlus research director Augustine Fan said, “We think the market will normalize in a short time and leave the recent geopolitical developments behind. However, the recent increase in Bitcoin purchases and the tendency of corporate companies to create BTC reserves may pave the way for a new correction.” Bitcoin gathers strength around $105,000On the other hand, Bitcoin continues to consolidate around $105,000. The price action in recent weeks shows that BTC remains resilient even in an environment of macro uncertainty. HashKey Eco Labs CEO Kay Lu said, “Bitcoin’s ability to hold above $100,000 indicates that this asset is now mature and different from traditional risk-off signals.” “The renewed momentum of institutional inflows and ETF demand strengthens Bitcoin’s position as a long-term macro hedge.” However, according to some analysts, this rise may be followed by profit taking, especially in tokens that have gained a lot of value, such as ETH. While short-term volatility is likely to continue in the market, it is stated that investors should remain cautious.
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24 Jun 2025
Crypto Confidence: Institutions Have Been Buying Bitcoin and Altcoins for 10 Weeks
Crypto investment products continue to attract investor interest, even at a time when global markets are shaken by geopolitical tensions. According to asset management firm CoinShares’ data dated June 20, 2025, a total of $1.24 billion in net inflows were made into cryptocurrency investment products last week. This data shows that net inflows have moved to the tenth week in a row. Thus, the total net inflow since the beginning of the year reached a record level of $15.1 billion.Bitcoin and Ethereum attract strong interestThe majority of weekly inflows were again made up of leading cryptocurrencies. Bitcoin-based products were the most preferred asset, attracting $1.1 billion in new investments. Ethereum, on the other hand, attracted attention with a weekly inflow of $123.8 million. This trend in Ethereum shows that the inflow series, which has been ongoing for nine weeks, continues and has reached a total of $2.2 billion.Interestingly, there was an outflow of $1.4 million from Short Bitcoin (taking a position against the BTC price) products. This indicates that investors have confidence in Bitcoin in the long term despite price corrections and consider declines as buying opportunities.Moderate interest in altcoinsMore modest inflows were seen on the altcoin front. Solana closed the week with an inflow of $2.8 million, while $2.7 million flowed into XRP. While products based on the Sui network experienced a slight outflow of $0.5 million; Small-scale inflows were recorded in altcoins such as Cardano, Chainlink and Litecoin:Solana: +$2.8 millionXRP: +$2.7 millionSui: -$0.5 millionLitecoin: +$0.2 millionCardano: +$0.3 millionChainlink: +$0.6 millionMulti-asset products: -$5.8 millionThose in the "Other" category: +$2.7 million The largest inflow is from the US, iShares is aheadRegionally, the US led the entire market with a weekly inflow of $1.25 billion. Canada ($20.9 million) and Germany ($10.9 million) were also among the countries that experienced inflows. On the other hand, there was an outflow of $32.6 million from Hong Kong and $7.7 million from Switzerland. This situation shows that geopolitical risks are pushing investors to be cautious in some regions.Among fund providers, BlackRock’s iShares ETFs led the way with $1.28 billion in inflows last week. Grayscale saw only $13 million in inflows, while some major players like Fidelity and ARK Invest saw significant outflows:iShares (BlackRock): +$1,280 millionGrayscale: +$13 millionFidelity: -$62 millionARK 21Shares: -$188 millionBitwise: +$33 millionProShares: +$71 million21Shares AG: +$1 millionCoinShares XBT Provider: -$15 million
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23 Jun 2025
Strategy Announces $26 Million Bitcoin Purchase
Strategy, formerly known as MicroStrategy and known for its institutional Bitcoin investments, continues to accumulate Bitcoin without slowing down despite the volatility in the cryptocurrency markets. According to the 8-K filing with the US Securities and Exchange Commission (SEC), the company purchased 245 more Bitcoins (BTC) for approximately $26 million between June 16-22. The average purchase price was recorded as $105,856. With this latest investment, Strategy's total Bitcoin assets reached 592,345 BTC. This amount corresponds to 2.8 percent of Bitcoin, which has a maximum supply of 21 million. It is stated that the company acquired these assets at a total cost of $41.9 billion, and the average purchase price was $70,681. When evaluated at today's market prices, Strategy's BTC portfolio has reached a value of over $60 billion, with an unrealized profit of approximately $18 billion. Funding provided through STRK and STRF salesStrategy’s acquisition was financed with proceeds from the company’s perpetual preferred stock. The company sold 166,566 shares of STRK (Strike) for $17.4 million, and 84,354 shares of STRF (Strife) for $8.7 million. There is currently an additional $20.6 billion in STRK sales program, and approximately $1.97 billion in STRF sales. In addition, no sales of the company’s Class A common stock, which trades under the symbol MSTR, were made last week, but there is a potential $18.6 billion in funding available through this channel.Strategy’s long-term goals are also significant. The company aims to raise a total of $84 billion in capital by 2027 with its strategic plan called “42/42.” The initial target was set at $42 billion, but that target was doubled due to strong demand and strategic growth.Strategy’s newest preferred stock, STRD, offers “high yield potential” for shareholders, according to TD Cowen analysts. The stock pays a fixed dividend of 10 percent annually but is not convertible. While STRK offers a balanced investment with an 8 percent fixed dividend and a convertible structure, STRF is a more conservative option offering fixed and cumulative dividends of 10 percent.Saylor’s new buy signal: “Nothing stops this orange”Strategy co-founder and chairman Michael Saylor shared an updated image of the company’s Bitcoin portfolio on social media on Sunday, using the phrase “Nothing Stops This Orange.” The message was interpreted as a sign of a new buy, based on similar statements from Saylor in the past. And many people were right in their prediction.The institutional Bitcoin model is spreadingThe “Bitcoin treasury” model pioneered by Strategy is increasingly being adopted by companies. Names such as Metaplanet, Semler Scientific, Trump Media and even GameStop have also started to follow suit. On the other hand, Strategy’s market value has reached $101 billion, trading well above the company’s net asset value. While this has caused concern among some investors, its low debt ratio and lack of a payment obligation until 2028 keep the company’s financial structure strong.MSTR stock closed up 0.2 percent last week at $369.70. However, Bitcoin’s 4.9 percent decline following the conflicts in the Middle East and the US attacks on Iran caused MSTR shares to fall 1.9 percent in the premarket on Monday. Still, the stock has gained 23.2 percent since the beginning of the year.
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23 Jun 2025
Middle East Tensions Hit Crypto Market: $650 Million Vanishes
The escalating geopolitical tension in the Middle East has caused a major shake-up in cryptocurrency markets. US President Donald Trump's declaration of the airstrikes on Iran's three nuclear facilities as "successful" and his statements that stronger retaliation would be carried out if necessary have caused panic among investors. These developments, which came after the clashes between Iran and Israel, have created anxiety in global markets. Cryptocurrency investors in particular have suffered heavy losses due to the sudden increase in volatility. This sharp decline became quite obvious on the evening of June 22. The market later recovered slightly.Crypto market value fell to $3.1 trillionIn the shadow of these developments, the total value of the cryptocurrency market fell by 1.50 percent in the last 24 hours to $3.1 trillion. There was a significant increase of 26.23 percent in trading volume in the same period, and the total volume reached $136.38 billion.The leading cryptocurrency, Bitcoin (BTC), fell 1.27 percent to $101,497. Ethereum (ETH) lost 1.99 percent to $2,241. XRP, on the other hand, is trading at $2.02, down 2.52 percent. While the level of fear in the market also increased, the Crypto Fear and Greed Index fell to 37.Liquidations reached $650 million: The bulls were trappedTotal crypto liquidations in the last 24 hours reached $650 million. While these liquidations affected more than 185 thousand investors, the majority of the positions (approximately $504.95 million) were long positions. In other words, while most investors had taken positions that prices would rise, these positions were closed at a loss with the sudden pullback in the market. The largest liquidation of the day was a long position of $35.45 million in the BTC-USDT pair on the HTX exchange. When looking at liquidations in terms of exchanges, Bybit led the way with $252.46 million, followed by Binance ($137.57 million) and Gate.io ($96.57 million). More than 90 percent of liquidations on exchanges such as Bitmex, Bitfinex and CoinEx consisted of long positions. This reveals how dominant the upward expectations are in the market and how sharply these expectations were broken.Losses deepened in altcoinsWhile Bitcoin's market dominance reached the highest level in recent cycles with 64.9 percent, the weakness in altcoins also became visible. Ethereum's market dominance fell to 8.7 percent. However, despite everything, some notable increases were also seen in the market. Story IP, which has a micro-market value, became the day’s top earner with a daily increase of 11.35 percent, followed by Four with 10.39 percent and Sonic with 7.68 percent.
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23 Jun 2025
Metaplanet Bought Bitcoin Again: Now Has 11,111 BTC
Metaplanet announced that the company has purchased an additional 1,111 Bitcoins as part of its Bitcoin treasury operations. The company’s total BTC holdings now stand at 11,111, with a combined value of over $1.07 billion. Metaplanet purchased the cryptocurrency for an average price of 15,535,502 Japanese yen (approximately $106,408). The company’s shares (3350T), which are traded on the Tokyo Stock Exchange, fell 5.05 percent in the last 24 hours to 1,690 yen. However, the stock has increased by over 373 percent since the beginning of the year.Metaplanet purchased 1,111 Bitcoins Japanese technology firm Metaplanet announced on Monday, June 23 that it has purchased an additional 1,111 Bitcoins (BTC). The company's total BTC holdings thus reached 11,111 units, leaving Hut8 behind and ranking eighth among institutional BTC holders. The total return on BTC assets since the beginning of 2025 has reached 306.7 percent. This new move by Metaplanet coincides with a period of increasing geopolitical risks. With the re-emergence of Iran-Israel tensions over the weekend, the Bitcoin price briefly fell below $ 100,000. This decline turned into a "bottom-buy" opportunity for the company. However, on the same day, Metaplanet shares lost 4 percent of their value and fell to 1,712 Japanese Yen in the Tokyo session.Average purchase price $95,869Metaplanet's new investment of 1,111 BTC cost approximately $ 118.2 million. The company's total BTC investment thus reached $ 1.07 billion. The annual average purchase price is $ 95,869 per BTC. The company, which had only 1,000 BTC at the beginning of 2025, quickly passed the 10,000 BTC mark with an aggressive purchasing strategy.Last week, Metaplanet completed its 20th to 22nd series of stock purchase rights as part of the agreements made with EVO FUND. The funding of 558.7 million Japanese Yen provided by the fund was directed directly to BTC purchases.Purpose: 1% of the entire BTC supplyThe company's long-term goal is extremely ambitious: to purchase 1 percent of Bitcoin's total supply, or 210,000 BTC. Metaplanet had previously announced its plan to create a $5.4 billion fund in line with this goal in recent months. If this goal is achieved, Metaplanet will achieve a first in the industry with both its BTC holdings and its crypto strategy.On the other hand, the decline in Metaplanet's share price is not only related to the company's BTC purchases, but also to the increasing perception of global risk. Following news that the US had launched attacks targeting Iran’s nuclear facilities, selling pressure intensified in the crypto market. Iran’s announcement that it was temporarily closing the Strait of Hormuz also brought about major fluctuations in the energy market. Amid these developments, the price of Bitcoin fell below the $100,000 level on Sunday, but as of the time of writing, it has risen again above $101,000.
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23 Jun 2025
Daily Market Summary with JrKripto 23 June 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin faced heightened volatility over the weekend as the United States became involved in the ongoing Iran–Israel conflict. Despite global tensions, BTC managed to hold its price above the $100,000 mark.After briefly dipping to the $98,000 range, Bitcoin rebounded and tested the $102,130 resistance level once again. The $96,300–$97,900 zone is acting as a strong support area on the downside. In the short term, the next upward target is located at $103,800.On the Ethereum front, the recent market-driven decline was met with buying interest at a critical level. The $2,073–$2,115 range served as a key turning point. If ETH can hold above the $2,240 level, the short-term upside target becomes $2,380.Crypto NewsTexas Strategic #Bitcoin Reserve has become official.Tether minted $2 billion worth of USDT.Bloomberg analyst Eric Balchunas cited the SEC's increased involvement as a positive signal, raising the likelihood of multiple spot crypto ETF approvals to 90% or higher.Reddit is in talks regarding Sam Altman's iris-scanning orb.CryptocurrenciesTop Gainers:• MOVE → Increased by 15.7% to $0.14020405.• IP → Increased by 11.9% to $3.09.• S → Increased by 8.8% to $0.28165327.• KTA → Increased by 6.3% to $0.57939745.• BORG → Increased by 6.2% to $0.17631443.Top Losers:• TRIBE → Declined by 8.6% to $0.39085427.• SFP → Declined by 7.3% to $0.45440006.• ATH → Declined by 6.9% to $0.02971646.• TEL → Declined by 6.5% to $0.00343946.• CHEEMS → Declined by 5.0% to $0.00000132.Fear Index:• Bitcoin: 46 (Neutral)• Ethereum: 41 (Fear)Dominance:• Bitcoin: 65.69% ▼0.03%• Ethereum: 8.82% ▲0.13%Daily Total Net ETF Inflows• BTC ETFs: $6.40 million• ETH ETFs: –$11.30 millionData to Watch Today• 4:45 PM – Manufacturing Purchasing Managers' Index (PMI) (June) Expectation: 51.1 Previous: 52.0• 4:45 PM – Services Purchasing Managers' Index (PMI) (June) Expectation: 52.9 Previous: 53.7• 5:00 PM – Existing Home Sales (May) Expectation: 3.96 M Previous: 4.00 MGlobal MarketsWe’ve just come out of a weekend dominated by escalating tensions between Iran and Israel, with the U.S. also stepping in. While the U.S. targeted Iranian nuclear facilities, Iran has yet to issue a response. In the coming days, all eyes will be on whether Iran launches a counteroffensive or moves to close the Strait of Hormuz.We’ve also wrapped up a volatile week shaped by both geopolitical unrest and key interest rate decisions. Nvidia shares declined by 1.1% on U.S. markets, while the S&P 500 ended the week down 0.2%, and the Nasdaq closed slightly higher with a 0.2% gain.We have left behind a week in which we heard statements from some Fed members suggesting that there could be an interest rate cut in July. The VIX fear index closed at 20.6, down 1.6 points on the last official trading day of the week, but we can anticipate that this level may change today. The bearish sentiment continues in the futures markets.Most Valuable Companies and Stock Prices• Microsoft (MSFT) → Market capitalization of $3.55 trillion, share price of $477.40, down 0.59%.• NVIDIA (NVDA) → Market capitalization of $3.51 trillion, share price of $143.85, down 1.12%.• Apple (AAPL) → Market capitalization of $3 trillion, share price of $201.00, up 2.25%.• Amazon (AMZN) → Market capitalization of $2.23 trillion, share price of $209.69, down 1.33%.• Alphabet (GOOG) → Market value of $2.03 trillion, share price of $167.73, down 3.59%.Borsa İstanbulDomestically, risk perception remains elevated due to ongoing economic and political developments, compounded by global uncertainties. As a result, Borsa İstanbul may exhibit sharper reactions compared to other markets. For the BIST 100 index, the 9,000–9,100 range is being monitored as a key support zone, while resistance is seen in the 9,250–9,340 range.The Consumer Confidence Index, which has been on an upward trend for the past two months yet still lingers below its long-term average, rose 0.3% in June to reach 85.1.The Central Bank of the Republic of Turkey (CBRT) continues to take steps to support the Turkish Lira. While TL deposit targets have been raised, the required reserve ratio for foreign currency‑protected TL accounts has been reduced from 4% to 2.5%.After closing the previous week with a 1.2% loss, the BIST 100 is expected to have a weak start to the new week. Developments in the Middle East will continue to be closely monitored.Companies with the Highest Market Value on the Istanbul Stock Exchange• QNB Finansbank (QNBTR) → Market value of 854.25 billion TL, share price of 248.25 TL, experienced a 2.67% decline.• Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 667.13 billion TL, share price of 145.70 TL, experienced a 0.41% decline.• Türkiye Garanti Bankası (GARAN) → Market value of 484.26 billion TL, share price of 115.70 TL, up 0.35%.• Koç Holding A.Ş. (KCHOL) → Market value of 370.24 billion TL, share price of 146.00 TL, 0.00% change.• Turkish Airlines A.O. (THYAO) → Market value of 354.31 billion TL, share price of 251.25 TL, experienced a 2.14% decrease.Precious Metals and Currency Prices• Gold: 4,285 TL• Silver: 46.13 TL• Platinum: 1,654 TL• Dollar: 39.72 TL• Euro: 45.71 TLWe look forward to bringing you the latest updates again tomorrow.
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23 Jun 2025