Corporate BTC holdings are on the rise

South Korea’s Ruling Party proposed the Digital Asset Basic Act on Tuesday allowing companies to issue stablecoins with at least 500 million won ($367,876) in equity capital and guaranteed refunds through reserves.
*Bank of Korea Governor Rhee Chang-yong: stablecoins issued by non-bank entities could weaken the effectiveness of monetary policy
*BoK Governor Rhee Chang-yong: the central bank should take the lead in regulating a won-pegged stablecoin [debase or die, stables are a key tool in currency debasement]

Trump explains Trump accounts: "For every US Citizen born after December 31, 2024, before January 1, 2029, the federal government will make a one-time contribution of $1,000 into a tax-deferred account that will track the overall stock market."

Societe Generale has launched a new USD-pegged stablecoin named USD CoinVertible (USDCV). It will be issued on Ethereum and Solana, with BNY Mellon acting as the asset custodian. -source

BTC/Eth US Spot ETF Flows on 10th June 2025

🟢Bitcoin ETFs: $431.2M net inflows

🟢Ethereum ETFs: $125.0M net inflows

Two US House committees have passed the CLARITY Act, paving the way for a floor vote.
*Safe harbor: up to 4 years and $75M raise/year for new projects
*Secondary market trades are not a securities transaction
*DeFi & devs protected from money transmitter laws
*CEXs/DEXs get clearer rules via CFTC

🚨Up only season is upon us. [Crypto is an inflation hedge]

GS most shorted stock index showing strength ("junk rally").
*GS: we think this rally can continue short term
*JPM: Further outperformance possible but likely needs continued positive macro data [Hedge fund liquidations about to enter the narrative. Remember Melvin Capital?]

Paul Tudor Jones: Bitcoin one of the top tools to fight inflation ['crypto is an inflation hedge' is back in full force]

🚨Something brewing in the Middle East [Iran-Israel war FUD, BTFD]
*US Maritime Trade issued a rare warning about rising tensions in the Gulf, Strait of Hormuz, and Gulf of Oman, citing potential military escalation that could directly affect shipping.
*The US Embassy in Iraq is prepping for an ordered evacuation due to security threats.
*The State Department is pulling nonessential staff and families from Bahrain and Kuwait.
*U.S. military dependents in Bahrain have been cleared for temporary departure.

BTC/Eth US Spot ETF Flows on 11th June 2025

🟢Bitcoin ETFs: $165M net inflows

🟢Ethereum ETFs: $240M net inflows

🚨BTC price action during military crises between 2011 and 2017. [BTFD.]

Tel Aviv 35 index stocks are pumping [WW3 FUD over?]

Q1 2025, delinquent consumer credit approaches 2020 highs [recession, innit?]

Footage of the Turkish army deploying air defense systems near the Turkish-Iranian border, probably to defend the US base in Incirlik. [WW3 has been cancelled, BTFD]

🚨Metaplanet has bought 1,112 BTC for $117.2M at a rate of $105,435 per BTC. They now hold 10,000 BTC, valued at over $1.06B. [WW3 cancelled, BTFD]

CTAs (trend following funds) remain heavy net short USD (-1.13 z-score) as their flows chase EUR (+1.15), GBP (+1.86), MXN (+2.24). [Mexican Peso +2.26? This is a risk on market, BTFD]

BTC/Eth US Spot ETF Flows on 13th June 2025

🟢Bitcoin ETFs: $301.6M net inflows

🔴Ethereum ETFs: -$2.5M net inflows

Last Friday marked Eth's first day with outflows since mid-May, which shows Eth is much more vulnerable to geopilical risk than BTC. [They call BTC digital gold for a reason: ignore war FUD, BTFD]

🚨Bloomberg's Apollo: US economy is currently facing headwinds from higher oil prices, increased tariffs, the resumption of student loan payments, and higher long-term interest rates associated with the fiscal situation. When we quantify these four drags on growth, we conclude that they are insufficient to push the economy into a recession. [Inflation is going to be our only problem, BTFD!]