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            Blog / Crypto News Weekly / Weekly Crypto Roundup (June 9, 2025): Trump vs. Musk Tanks Bitcoin, But Circle’s $16B IPO Steals the Show!

            Weekly Crypto Roundup (June 9, 2025): Trump vs. Musk Tanks Bitcoin, But Circle’s $16B IPO Steals the Show!

            Welcome to your weekly dose of crypto roundup where we…

            9 Jun 2025 | 4 min read
            Crypto roundup

            Table of Contents

            Toggle
            • Market Highlights
            • Institutional & Stablecoin Adoption
            • Ethereum ETF Surge
            • Token Highlights
            • Major Crypto Developments
            • Chart of the Week
            • Follow the Money
            • Regulatory Highlights
            • What to Watch Next Week
            • Content Corner

            Welcome to your weekly dose of crypto roundup where we decode the biggest market moves, policy shifts, and token trends from June 2–9, 2025. This week, the crypto market saw wild swings, driven by geopolitical tension, ETF inflows, and renewed stablecoin optimism. Despite volatility, long-term fundamentals remain bullish backed by institutional participation and regulatory clarity. Want this in your inbox every Monday? Subscribe now on CoinDCX.com/blog

            Market Highlights

            Crypto roundup

             

            • Bitcoin tested $100K, hit by nearly $1B in liquidations following a public feud between Donald Trump and Elon Musk.
            • Tesla stock plunged 15%, sparking a broader sell-off in risk assets including BTC.
            • Despite the chaos, Bitcoin rebounded above $107K, reinforcing its macro bullish structure.
            • JPMorgan now allows crypto ETFs as loan collateral—part of its plan to deepen crypto exposure.
            • Stablecoin momentum accelerated with Circle’s IPO and Big Tech exploring integrations.

            Institutional & Stablecoin Adoption

            • Circle IPO Skyrockets: USDC issuer Circle closed its first day of trading at $83.23—up 168% from its $31 IPO price. The firm raised $1.1B, securing a $16.7B valuation.
            • Apple, X, Airbnb, Google are in early talks to integrate stablecoins, aiming to reduce transaction costs and improve financial accessibility.
            • Crypto Treasuries Expand:
              • VivoPower and Webus plan XRP treasuries of $100M and $300M.
              • SharpLink added a $425M ETH reserve.
              • 28 companies now hold crypto in treasury (20 BTC, 4 SOL, 2 ETH, 2 XRP).

            Ethereum ETF Surge

            • ETH ETFs record 15-day inflow streak, reaching $3.33B in total inflows.
            • BlackRock’s ETHA alone added $600M during this period, helping ETH surge nearly 40% in a month.
            • Renewed Ethereum Foundation focus is contributing to positive market sentiment.

            Token Highlights

            • TRUMP: Trump-Elon fallout and confusion over a Trump wallet dragged down the token.
            • DOGE: Slumped 12.5% as Musk distanced himself from the DOGE narrative.
            • FARTCOIN: Surged 12% after Coinbase added it to its listing roadmap; daily volume hit $400M.
            • PLUME Network: Mainnet launch with $150M in tokenized real-world assets backed by Apollo and Haun Ventures.
            • XRP: Ripple’s RLUSD approved in Dubai. Webus filed for a $300M XRP treasury.
            • APE: Yuga Labs proposed shutting down ApeCoin DAO in favor of a new governance entity, ApeCo.
            • 1inch: Regained 60% of DEX aggregator market share in May, helped by Solana expansion.

            Major Crypto Developments

            • Bitcoin rebounds after a liquidation cascade triggered by the Trump-Musk spat.
            • Apple, Meta, Uber & more exploring stablecoin integrations.
            • Polymarket x Musk’s X collaboration hints at a prediction market push.
            • FIFA’s crypto gaming push continues with Adidas NFTs added pre-launch.

            Chart of the Week

            DEX/CEX volume ratio hit a new high of 31.1% in May.
            The “launchpad meta” (e.g., Believe, Pump.fun) is enabling asymmetric DeFi growth that CEXs struggle to replicate.

            Follow the Money

            • Metaplanet unveils $5.4B equity plan to buy 210K BTC (1% of total supply).
            • Ethereum ETFs add $820M in 15 days.
            • Pump.fun raising $1B via token sale.
            • IOST raises $21M for tokenized asset expansion.
            • MoonPay gets BitLicense to operate in all 50 U.S. states.

            Regulatory Highlights

            • South Korea elects pro-crypto president, opening doors to crypto ETFs and KRW stablecoins.
            • Gemini files draft IPO statement with the SEC.
            • FCA to lift ETN ban for retail investors in the UK.
            • Truth Social files for a Bitcoin ETF.
            • Lummis hails Bowman’s confirmation as Fed’s vice chair for crypto oversight.
            • Singapore rejects WazirX restructuring following its $230M exploit.

            What to Watch Next Week

            • June 11: U.S. CPI Inflation Data
            • June 13: Consumer Sentiment Survey
            • Token Unlocks: MOVE, STRK, APT, IMX

            Content Corner

            • The End of the Foundation Era in Crypto – a16z
            • State of Crypto Leverage Q1 2025 – Galaxy Research

            Total Crypto Market Cap: ~$3.4 Trillion
            Markets consolidating sideways, but token-specific narratives remain in play.

            This newsletter is published weekly by CoinDCX.
            For real-time updates, follow our newsroom and stay ahead of the curve in crypto.

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