InstitutionalFranklin Templeton Files Bitcoin DRIP ETFs: Stock Dividends Into BTC
Franklin Templeton filed two Bitcoin DRIP ETFs that reinvest stock dividends into BTC, joining BlackRock and Goldman Sachs in the Bitcoin income product race.
Institutional Adoption
Institutional
MiningHIVE Digital Signs $220M Deal with Bell and Cohere
HIVE Digital's BUZZ HPC signed a $220M GPU contract with Bell and Cohere. The deal adds $70M in ARR, pushing HPC revenue above $100M annually.
RegulationCME Group Sues CFTC Over Bitcoin Perpetual Futures Approval
CME Group filed suit against the CFTC over its May approval of Bitcoin perpetual futures. CEO Terry Duffy argues the CFTC violated the Dodd-Frank Act.
MarketsBoJ Raised Rates to 1%: What Awaits Bitcoin in the Next 30 Days
BoJ raised rates to 1% for the first time since 1995. After 4 previous hikes, Bitcoin averaged -5.74% over 30 days. Price targets: $62,700, $59,200 and $56,700.
MarketsBlackRock BITA: Bitcoin ETF with Covered Calls and Up to 19% Yield
BlackRock launched BITA on Nasdaq, a Bitcoin ETF using covered call options for 15-19% annual yield. Who it targets and how it works.
MiningIREN Acquires Nostrum Group: 490 MW in Spain and EU Entry
Bitcoin miner IREN completed its acquisition of Spain's Nostrum Group, adding 490 MW and entering the EU market as its AI cloud revenue nearly doubled in Q1.
DeFiStandard Chartered: DeFi to Grow 37x to $2.7 Trillion by 2030
Standard Chartered forecasts DeFi TVL to hit $2.7 trillion by 2030, a 37x rise. Tokenized RWAs and Uniswap are central to the bank institutional DeFi thesis.
InstitutionalStrategy Buys 1,587 BTC for $100M: Holdings Reach 846K Coins
Michael Saylor's Strategy acquired 1,587 Bitcoin for $100M between June 8-14. Total holdings reached 846,842 BTC worth $64.07 billion.
InstitutionalMetaplanet Acquires Siiibo Securities for $13M to Launch Bitcoin Yield Products
Metaplanet agreed to buy Japanese broker Siiibo Securities for $13M to launch Bitcoin-linked yield products for retail investors tapping $7.4T in savings.