InstitutionalFi News Roundup
Crypto Market Update: InstitutionalFI News Roundup & Week Ahead
Bitcoin experienced a pullback since Monday, dipping to $105,005—a 2.1% decline—before recovering with eight consecutive hourly gains, now trading at $107,530. Despite recent volatility, BTC remains near its recent highs and continues to show resilience.
Ethereum saw headline news that would have sparked significant buying in previous years, including a $250 million raise to acquire ETH. However, the market’s reaction was muted, with ETH holding steady at $2,448.
Other Major Cryptos:
SOL: $149
XRP: $2.19
BNB: $659
Institutional & Corporate Moves
DDC Enterprise (NYSE-listed) closed a $528M capital raise for Bitcoin accumulation.
Figma invested $70M in Bitcoin ETFs and plans to deploy another $30M via stablecoin.
Bitmine raised $250M to purchase Ethereum and make it a core treasury asset.
Green Mineral’s (Norway) entered a $25M structured financing agreement to buy more Bitcoin.
Vaultz Capital (UK) to raise £1M for further Bitcoin purchases.
CyberStep (Japan) to buy ¥1B worth of Bitcoin.
BTC AB (Sweden) acquired 80 BTC, bringing total holdings to 147 BTC.
American Bitcoin, backed by Eric Trump, raised $220M for Bitcoin and mining equipment, with $10M in equity sold in BTC. The firm plans to go public via a merger with Gryphon Digital Mining.
Market & Regulatory Developments
FTX Creditor Update: Claims under $50K received 120% payouts in Feb and May 2025. Claims over $50K got 72.5% in May, with remaining payouts scheduled through 2026–2027, targeting full recovery.
Circle’s USDC is reportedly being used by North Korean IT workers for payments, with tens of millions of dollars in recent transactions. Criticism from ZachXBT, the blockchain investigator. has been targeted towards Circle for lack of intervention, after they claim to be ‘‘compliant’’ hwile taking no action to freeze or monitor the funds.
Backed Finance xStocks, tokenized stock volume hit $1.338M on June 30, with over 1,200 unique traders. Only six out of 61 stock tokens saw on-chain volume (NVDA, MSTR, TSLA, CRCL, SPY, and AAPL).
According to cryptobraveHQ on LinkedIn, The three co-founders of the BackedFI team previously ran DAOstack. According to ICO Drops data, DAOstack raised nearly $30 million in private rounds, pre-sales and ICOs from Q4 2017 to May 2018. At the end of 2022, DAOstack announced its closure because it had run out of funds. So no doubt all eyes will be on their platform XStocks as they tokenize equities.
Banking & TradFi
Deutsche Bank plans to launch digital asset custody services by 2026, partnering with Bitpanda’s tech subsidiary. The bank is also exploring stablecoins and tokenized deposits, potentially issuing its own tokens.
UniCredit SpA will offer a five-year USD investment certificate linked to the BlackRock iShares Bitcoin Trust ETF (IBIT) to professional clients in Italy from July 1–28.
US SEC is working with exchanges on a universal listing standard for token-based ETFs, aiming to streamline the approval process and reduce regulatory friction.
Product & Technology Launches
Robinhood has launched its own blockchain on Arbitrum and introduced tokenized stock trading for European users. The platform now offers over 200 US stocks and ETFs, supporting 24/5 trading.
Disclaimer:
The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, legal, or professional advice. Readers should conduct their own research and consult with qualified professionals before making any financial or investment decisions. The author does not guarantee the accuracy, completeness, or timeliness of the information provided, particularly regarding unverified or hypothetical developments.
Cryptocurrency investments, including those in Bitcoin and Ethereum, as well as the use of futures, options, or other derivatives for hedging or trading, carry significant risks, such as volatility, regulatory changes, counterparty risk, and potential loss of principal. The author and publisher are not liable for any losses or damages arising from the use of this content.
