Anmol Khatiwada, Author at Bitmala

REXShares Files for Solana and Ethereum Staking ETFs – Could Launch in June 2025

REXShares has officially filed a prospectus for two new staking ETFs—one based on Ethereum (ETH) and the other on Solana (SOL)—targeted at U.S. investors. The crypto community is buzzing with speculation that these funds could hit the market as early as June 2025.

ETF analyst James Seyffart shared the news on X, noting that the phrase “immediately upon filing pursuant to paragraph (b)” in the filing suggests a fast-track route. This legal language means the ETFs could become effective without the traditional SEC review delays, allowing them to launch much sooner.

What makes these ETFs unique is their structure. They’re filed under the 1940 Act and set up as C-corporations, allowing them to stake at least 50% of their ETH and SOL holdings. Staking rewards will then be passed on to shareholders—something not offered by most current crypto ETFs.

However, the SEC has expressed concerns, calling the registration forms potentially “improperly filed” and even “misleading.” The uncertainty around the staking start date could leave some investors hesitant.

If approved and launched, these ETFs could mark a major shift in how retail investors gain exposure to crypto staking rewards through traditional markets.

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XRP Whale Moves $59M to Coinbase Ahead of Ripple-SEC Deadline

A significant transfer of 26.6 million XRP tokens, valued at nearly $59 million, was made to Coinbase on June 5, 2025, as reported by Whale Alert . This move comes just days before the June 16 deadline in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

The timing of this large transfer has raised speculation within the crypto community. Historically, substantial transfers to exchanges like Coinbase often precede sell-offs, potentially leading to price declines. Given the proximity to the legal deadline, some analysts suggest the whale might be anticipating unfavorable outcomes or extended proceedings in the Ripple-SEC case.

The SEC is required to submit a status report to the Appeals Court by June 16, marking the end of a 60-day pause granted for settlement discussions . Failure to reach a settlement could result in the case proceeding with appeals and cross-appeals, further prolonging the legal uncertainty surrounding XRP.

At the time of writing, XRP’s price has dipped approximately 3%, trading around $2.19. The market remains watchful as the deadline approaches, with potential implications for XRP’s valuation and the broader crypto landscape.

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Ethereum Surges 5% Amid Institutional Investment and Upcoming Pectra Upgrade

Ethereum (ETH) has recently experienced a notable 5% price increase, reaching $2,616, primarily due to heightened institutional buying. This surge is further bolstered by the anticipation of the upcoming Pectra upgrade, which aims to enhance scalability and performance by merging the previously planned Prague and Electra updates.

The Pectra upgrade is expected to introduce several Ethereum Improvement Proposals (EIPs), including EIP-7251, which increases the staking amount per validator, and EIP-7702, allowing externally owned accounts to utilize smart contract functionalities. These enhancements are anticipated to improve network efficiency and attract more developers and users to the ecosystem.

Market analysts are optimistic about Ethereum’s future, with some predicting that ETH could reach new all-time highs by the end of 2025. This optimism is fueled by the combination of institutional adoption, technological advancements, and the overall positive sentiment in the cryptocurrency market.

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Circle ($CRCL) Goes Public: Building the Money Layer of the Internet

Circle ($CRCL) Rings the NYSE Bell: USDC Issuer Goes Public, Crypto Meets Wall Street

Circle, the firm behind the USDC stablecoin, has officially become a public company. Trading under the ticker $CRCL on the New York Stock Exchange (NYSE), Circle’s public debut signals a pivotal shift in the world of digital finance.

Known for more than just USDC, It also offers EURC and a Payments Network aimed at building seamless, borderless transactions. The company positions itself as more than a fintech innovator — it’s “building the money layer of the internet,” a vision now fueled by Wall Street support.

The move drew excitement across crypto Twitter. Lulo, creator of the Stablecoin Savings App, tweeted:

“INTERNET FINANCIAL MARKETS COMING TO MAINSTREAM.”

Meanwhile, venture capitalists praised it for trailblazing:

“Exciting times ahead! Circle is setting the stage for a new era in finance.”

Its entry into public markets isn’t just a financial milestone — it’s a statement of intent. The future of money is programmable, digital, and now… publicly traded.

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Ripple CTO David Schwartz Envisions XRPL as Full Financial System, Not Just Payments

Ripple’s Vision Grows: CTO David Schwartz Talks XRPL, Beyond Just Crypto Payments

Ripple’s CTO, David Schwartz, just gave a powerful update that shifts how we should think about XRP and the XRP Ledger (XRPL). In his latest post, Schwartz shared that XRPL isn’t just another crypto payment platform. It’s shaping up to be a complete decentralized financial system.

This system will include more than just XRP — it’s being built to support its stablecoin RLUSD, real-world tokenized assets, decentralized exchanges (DEXs), lending, investing, and even smart contracts.

Schwartz pointed out that for a DEX to thrive, it needs more than one token — which is why XRPL is expanding to support a variety of assets. Still, XRP remains key: it’s the native asset, used for fees and liquidity routing.

He also raised a tough question: how much of XRP’s market value today is driven by actual use on the ledger? Ripple is watching this closely as they build for a more open, faster, and efficient financial future.

Bottom line: Ripple isn’t building just for crypto anymore — they’re going after the entire financial stack.

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Pump.fun Reportedly Eyeing $1B Token Sale at $4B Valuation — Is an Airdrop Coming?

Pump.fun May Drop Token Soon With $1B Raise at $4B Valuation — Airdrop Rumors Flying

Pump.fun might just be prepping the biggest meme coin power move of the year. According to unnamed sources speaking to Blockworks, the Solana-based meme coin launcher could soon raise $1 billion in a token sale — valuing the project at a jaw-dropping $4 billion.

That would instantly place Pump.fun among the top 30 crypto tokens by market cap, according to NYC-based entrepreneur Nick O’Neil. Wild, right?

🤫 But… Didn’t They Deny It?

Yup. Earlier this year, co-founder Alon Cohen played it cool on X, brushing off token launch rumors and telling users to ignore speculation.

“I would advise not to listen to anything that didn’t directly come from Pump.fun,” he said, while hinting that users would be rewarded “properly.”

So… maybe an airdrop is on the way? 👀

Community Speculates: Token Drop in 2 Weeks?

While Blockworks didn’t confirm launch timing, X is buzzing with claims that the token drop could happen within the next two weeks, potentially followed by an airdrop for early users.

🔥 “If you’ve used Pump.fun, you might wanna keep an eye out,” said one Solana-based alpha caller.

From Meme Chaos to $700M Revenue

Launched in January 2024, Pump.fun became the go-to plug for launching viral meme coins on Solana — making it easy for anyone to spin up tokens in minutes. Since then, it has reportedly pulled in over $700 million in revenue, despite controversies.

Yep, the journey hasn’t been drama-free.

👮‍♂️ Cease & desist letters were issued over 200+ IP-infringing meme coins.
📉 Even dark moments hit the platform’s livestreams.

Still, the project has remained resilient — and massively profitable.

💬 Nick O’Neil: “This Could Be Huge”

“At a $4 billion valuation, Pump.fun would be one of the top 30 crypto tokens. This is going to drive a ton of liquidity and raise serious capital,” said Nick O’Neil on X.

📉 Solana’s Price Reacts (But Then Recovers)

SOL jumped 7% earlier this week, breaking above $159.
But it dipped 2% following the Pump.fun news — likely from short-term market jitters.
SOL has since recovered half the drop, currently trading at $156.50 with a $81.74B market cap.

Some are saying this is just the start of a fresh bullish wave for Solana’s ecosystem — and Pump.fun might be the fuel.

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Bitcoin Supply Crisis Looms: 30% Dip Sparks Price Surge Fears as Institutions Load Up

Bitcoin Supply Shock Incoming: Only 146K BTC Left in OTC as Institutions Pile In

The Bitcoin game just changed — hard. According to Sygnum Bank’s June 2025 Investment Outlook, BTC’s liquid supply has dropped 30% in the last 18 months, setting up a massive supply shock that could fuel explosive price action.

1M BTC Gone Off Exchanges = Bullish Signal?

Over 1 million Bitcoin have quietly vanished from exchanges — a classic bullish indicator. Why? When BTC leaves exchanges, it’s usually headed for cold storage or long-term holding. That means less available supply, especially just as institutional demand is heating up.

“Its fast-shrinking liquid supply is creating the conditions for demand shocks and upside volatility.” — Sygnum Bank

Institutions, ETFs & States Are Hoarding BTC

Here’s the real kicker: institutions aren’t just dipping their toes in anymore — they’re diving in. ETFs, trusts, and corporate portfolios are pouring fresh capital into BTC, giving investors a new way to get exposure without holding the actual crypto.

And it’s not just Wall Street.

Three US states (including New Hampshire) now have reserve laws.
Texas could be next.
Even Pakistan and Reform UK (yes, the political party leading UK polls) are eyeing national BTC reserves.

Only ~146K BTC Left in OTC Desks

According to Bitcoin analyst Carl ₿ Menger, OTC desks — where big buyers scoop up BTC without hitting the public market — are nearly tapped out:

“BREAKING: SUPPLY SHOCK IS REAL — only ~146K #Bitcoin left in OTC markets. Major institutional buys will soon hit public exchanges. Buckle UP.” – @CarlBMenger

That’s a big deal. Once OTC liquidity dries up, institutions have to buy from public exchanges, driving up prices in real time.

BTC Volatility Now Tilting Bullish

Interestingly, Sygnum notes that Bitcoin’s upside volatility has now outpaced downside for three years straight. Translation? The dips are shallower, and the pumps are stronger — a sign of market maturity and deeper liquidity.

Meanwhile in Fiat Land…

Coinbase CEO Brian Armstrong dropped a truth bomb this week, warning that Bitcoin could replace the US dollar as global reserve currency if America doesn’t fix its $37 trillion debt problem.

“I love Bitcoin, but a strong America is also super important for the world,” Armstrong said on X. “We need to get our finances under control.”

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Breaking !Blockchain Group Buys 624 BTC, Holdings Hit $150M+

The Paris-listed Blockchain Group has ramped up its Bitcoin accumulation strategy with a $68.6 million purchase of 624 BTC, marking its largest single-day acquisition to date. This brings the company’s total BTC holdings to 1,437—currently valued at approximately $150.37 million.

This latest buy was funded through a $63 million convertible bond deal with Fulgur Ventures, resulting in 544 BTC acquired. An additional 80 BTC came from a $9.8 million capital raise in late May.

The transactions were executed via Banque Delubac & Cie and Swissquote Bank Europe, with custody handled by Swiss blockchain infrastructure firm Taurus.

Blockchain Group began its BTC accumulation journey with smaller buys in late 2024, including 15 BTC in November and 25 BTC in December. The group gradually ramped up its purchases, acquiring 580 BTC in March and 227 BTC in May before this week’s substantial addition.

As of May 31, the firm has recorded an unrealized gain of $47.88 million on its Bitcoin portfolio.

The aggressive accumulation aligns with the company’s long-term treasury strategy of increasing Bitcoin holdings per share. Backed by recent capital raises, Blockchain Group sees Bitcoin as a core treasury asset—positioning itself among the growing cohort of institutional holders betting on BTC’s long-term upside.

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Ripple’s RLUSD Approved in Dubai & NY: Stablecoin Goes Global

On June 3, 2025, Ripple’s RLUSD stablecoin achieved a regulatory breakthrough by securing approvals from both Dubai’s Financial Services Authority (DFSA) and New York’s Department of Financial Services (NYDFS). This rare dual-certification positions RLUSD as a serious player in the $160 billion stablecoin market.

Backed 1:1 by U.S. dollar reserves and subject to institutional-grade audits, RLUSD meets the compliance standards of both regions. With this move, Ripple is doubling down on its global payments strategy—especially in the Middle East, where partnerships with banks like Zand and fintech platforms such as Mamo are already in motion.

This development aligns with Dubai’s ambitions to become a global crypto hub. In fact, stablecoin usage in the UAE jumped 55% in 2024 alone, according to Chainalysis. Ripple’s entry into the DIFC—a major financial zone housing 7,000+ firms—could accelerate blockchain adoption in areas like cross-border payments and even property management, thanks to Ripple’s pilot project with the Dubai Land Department.

As competitors like Circle’s USDC and Tether race to expand in the region, Ripple’s dual-regulatory win sets a new benchmark. RLUSD isn’t just compliant—it’s operationally ready for real-world utility.

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Whale Moves & $323M Losses Hit Solana — Will $150 Hold? | BTC Bull Token Presale Nears $7M

SOL Bleeding While BTC Bull Token Flexes

Solana’s lookin’ rough rn — trading at $154, down 1.29% in 24h. Why? Whales just dropped a massive 999K $SOL bomb (worth $161M), and the market ain’t vibing. Add on $323M in realized losses and yeah… the bears are eating good.

Charts? Straight L. SOL broke under key support like the 34-day EMA at $163, and it’s sliding inside a falling channel. Volume’s spiking, selling’s heavy, and everyone’s side-eyeing the $150 support zone. If that breaks, next stops could be $142 or even $134.

But hey, it’s not all doom.

Solana’s still cookin’ on the dev side — it just linked up with Chainlink’s CCIP for real cross-chain moves (first time outside Ethereum 👀) and dropped a slick App Kit for devs to build dApps on mobile fast. So long-term? Still bullish.

Meanwhile…

BTC Bull Token Pulling All Eyes

While SOL bleeds, $BTCBULL is grabbing attention. Presale’s pushing $6.6M with a hard cap of $7.67M. It’s got this insane 62% APY staking pool — no lockups, no fees, full liquidity. Plus: supply burns tied to BTC price, and airdrops when BTC pumps.

Token’s at $0.00254, but once that cap hits? Price goin’ up.

TLDR: Solana’s down bad, but not out. BTC Bull Token’s heating up and might just be the next sleeper alt to ride. Choose your fighter.

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