Nasdaq-listed Lion Group Holding (LGHL) is launching a $600 million cryptocurrency treasury, selecting the Hyperliquid (HYPE) token as its cornerstone asset in a move that underscores a shift in corporate strategy toward altcoins.
The Singapore-based trading platform announced that it secured the funding from ATW Partners to establish the treasury and develop additional blockchain-related initiatives.
Of the total amount, $10.6 million will be deployed by Friday, marking the first tranche of the investment.
Hyperliquid to Anchor New Treasury Reserve
The HYPE token will serve as the “primary reserve asset” within LGHL’s new treasury model, which also includes allocations in Solana (SOL) and Sui (SUI).
Wilson Wang, CEO of LGHL, described the decision as a natural evolution of the firm’s existing derivatives focus.
“Hyperliquid represents a natural extension of LGHL’s existing derivatives business into decentralized markets,” Wang stated.
He added, “We view protocols like HYPE, with decentralized sequencing, as foundational to building scalable DeFi systems.”
Why Solana and Sui Were Included
Lion Group cited Solana’s strong presence in consumer-facing crypto applications as a major reason for its inclusion in the reserve.
Meanwhile, Sui’s recent collaboration with Trump-affiliated World Liberty Financial (WLFI) added to its appeal.
Sui was added to WLFI’s “Macro Strategy” token reserve in March, following public revelations that Eric Trump owns SUI tokens.
Investors React Positively to Announcement
Following the treasury announcement, LGHL’s share price jumped nearly 20% to $3.33, according to data from Google Finance.
The sharp uptick reflects growing investor enthusiasm around corporate crypto initiatives, particularly those involving altcoins.
Corporate Crypto Strategies Are Evolving
The size and structure of LGHL’s treasury indicate a broader shift among corporates, according to Jamie Elkaleh, chief managing officer of Bitget Wallet.
“Holding tokens like SOL or SUI isn’t about digital gold; it’s about betting on transaction-heavy, developer-rich networks that power real consumer and DeFi use cases,” he said.
Elkaleh emphasized that this strategy marks a shift from passive exposure to active participation.
“It’s not just treasury management — it’s ecosystem participation,” he noted.
Other Firms Embrace Hyperliquid Strategy
On the same day, another Nasdaq-listed company, Eyenovia, revealed it was establishing a Hyperliquid reserve of its own.
Max Giege of Merenti Capital called HYPE “the best-positioned digital asset for the future,” praising its frictionless, onchain execution model.
“It is rare that a native token’s incentives truly track the network’s success,” Giege said.
“Eyenovia will effectively capture that value for shareholders.”
Bitcoin is currently consolidating around $105,000, but sentiment among traders remains firmly bullish.
Despite recent geopolitical and macroeconomic disruptions, many analysts believe the bull market is far from over.
Rather than signaling a top, the current pause is seen by many as the prelude to further upside.
Well-known trader Alan Tardigrade is one of several voices pointing to an optimistic future.
“Bitcoin is trending upward in an Ascending Broadening Wedge,” he said in his latest market analysis on June 15.
He believes this bullish chart pattern could lead the price to $170,000 in the near future.
Technical Indicators Support Bullish Forecasts
Tardigrade also noted that a golden cross — when the 50-day moving average crosses above the 200-day moving average — has reappeared on the daily chart.
According to him, this pattern has historically boosted BTC by 49%, 125%, and 68% since early 2023.
“If $BTC experiences its worst and best gains from this point, it could reach $152k and $229k. These targets are reasonable given the recent uptrend,” he explained.
His analysis of weekly and daily timeframes suggests that Bitcoin’s bullish structure is still intact, even amid temporary slowdowns.
Other Traders Echo Bullish Sentiment
Other prominent figures in the trading community are voicing similar expectations.
A trader known as BigMike7335 suggested on June 14 that a potential pullback to $92,000 could set the stage for a breakout to $270,000 by October.
This would reflect a typical second-wave corrective move within Elliott Wave theory, followed by a strong continuation of the trend.
Merlijn, another active trader, pointed to an inverse head-and-shoulders pattern on the three-day chart.
He believes a breakout from this formation could push BTC to $140,000 or more.
“Neckline at $113K is the only thing standing in the way,” he told his followers.
Warning Signs Still Present for Some
While bullish sentiment dominates the trading discourse, some are issuing reminders of the market’s inherent risks.
“The Bitcoin Standard” author Saifedean Ammous spoke candidly at the Bitcoin 2025 conference, warning that the asset’s history of sharp downturns cannot be ignored.
“I just hope my message out there to everybody in this business is, Bitcoin has done -70% and -80% before, and it can do it again,” he said during an appearance on the Coin Stories podcast.
Such comments serve as a cautionary note amid widespread optimism, particularly for new corporate buyers or institutions entering the market at current levels.
With Bitcoin hovering near previous all-time highs, comparisons to the 2021 cycle peak have begun to circulate, prompting some to consider downside risks more seriously.
Conclusion
Despite concerns from a few corners of the market, the broader narrative among analysts and traders remains centered around significant further upside.
Technical patterns, historical comparisons, and sentiment indicators continue to paint a picture of strength as Bitcoin prepares for another phase of price discovery.
U.S. President Donald Trump has disclosed over $57 million in income from his association with World Liberty Financial (WLFI), a cryptocurrency venture he co-founded with his sons Donald Jr. and Eric.
The revelation comes from his official 2025 public financial disclosure filed with the U.S. Office of Government Ethics on June 13.
Holding Billions of Governance Tokens
According to the filing, Trump holds 15.75 billion governance tokens in WLFI, which also grant him voting rights within the crypto enterprise.
The nature of these tokens and whether they were monetized or simply valued at a high internal rate is not detailed in the document.
It simply lists the income as “$57,437,927” without specifying whether the figure stems from token sales, staking rewards, or another method of realization.
Massive Fundraising Effort
Launched in September 2024, World Liberty Financial has rapidly scaled its capital base.
The company raised $200 million in its initial public token sale and an additional $250 million in its second sale.
Combined, these rounds brought in approximately $550 million.
The firm’s mission is focused on decentralized finance (DeFi) solutions and dollar-pegged stablecoins, aiming to challenge existing financial infrastructure.
High-Profile Backers
The crypto venture has drawn support from major investors in the digital asset space.
Tron founder Justin Sun invested $30 million in November 2024, receiving 2 billion WLFI tokens at the discounted early price of $0.015.
Web3Port followed with a $10 million contribution in January 2025.
Oddiyana Ventures also participated, though the amount was not disclosed.
Trump’s Larger Digital Asset Involvement
Trump’s involvement in digital assets extends beyond WLFI.
Previous filings revealed his earnings from NFT-based products like the Trump Digital Trading Cards collection.
However, the latest disclosure does not show any new income from NFTs.
Additionally, Trump maintains affiliations with other crypto-related companies, including CIC Digital LLC and CIC Ventures LLC.
These entities were also included in the latest filing, although they appeared inactive or generated minimal income during the reported period.
Official Ethics Statement
As per U.S. law, the President’s disclosure must be certified as “true, complete, and correct” and is subject to review by the Office of Government Ethics.
This filing adds further clarity on the extent of Trump’s crypto dealings and the financial impact they’ve had in recent months.
Conclusion
Trump’s substantial earnings from World Liberty Financial highlight his deepening involvement in the cryptocurrency space.
With over $57 million reported and a large shareholding in the platform, his crypto footprint could become a significant aspect of his post-presidency financial legacy.
Ukrainian lawmakers have submitted a draft bill that would allow the National Bank of Ukraine (NBU) to include cryptocurrencies like Bitcoin in its official reserves.
The proposal was introduced as bill number 13356 in the Verkhovna Rada this Tuesday.
It seeks to amend the law “On the National Bank of Ukraine” by authorizing the central bank to hold crypto assets alongside gold and foreign currencies.
Discretionary Power for the Central Bank
Unlike mandatory reserve requirements, this draft bill gives the NBU full discretion over crypto holdings.
According to MP Yaroslav Zhelezniak, the bill neither compels nor directs the bank to invest in Bitcoin or other crypto assets.
“How, when and how much should be the decision of the regulator itself,” Zhelezniak said on his Telegram channel.
A Move to Strengthen Economic Stability
Lawmakers behind the bill argue that managing crypto reserves could bolster Ukraine’s macroeconomic stability.
It would also support the development of the nation’s digital economy.
“Proper management of crypto reserves will help strengthen macroeconomic stability and create new opportunities for the development of the digital economy,” Zhelezniak posted on Telegram.
Industry Involvement in Drafting
The draft bill received input from notable stakeholders.
Early in the week, Zhelezniak appeared in a video with Kyrylo Khomiakov, Binance’s regional head for Central & Eastern European and Central Asian countries.
Khomiakov was one of the bill’s contributors, following reports that Binance advises several governments on establishing crypto reserves.
Legal experts were also involved.
Co‑author Petr Bilyk, head of AI practice at Juscutum Legal Engineering and a member of Ukraine’s AI expert committee, helped draft the legislation.
A Thoughtful, not Rushed, Initiative
Zhelezniak emphasized this isn’t an aggressive push by Kyiv to adopt crypto.
Rather, it is a strategic move to avoid being left behind as global interest in digital asset reserves grows.
“This story has the right to life, and, as we see, many countries are implementing it,” he said, citing experiments by the U.S., El Salvador, and others.
The draft follows earlier reports that Ukraine is nearing final stages of crafting a bill on state crypto reserves.
This development comes amid ongoing discussions about peace with Russia, suggesting Ukraine is preparing financially for post-war stability.
What Comes Next
Broad parliamentary review and debate are expected before the bill advances.
If approved, Ukraine would join a small but growing group of nations exploring digital assets as part of sovereign reserves.
Observers will be watching how the NBU responds, and whether reserve allocations will remain symbolic or evolve into meaningful financial strategies.
Ukraine’s willingness to explore this frontier reflects an appetite for financial innovation, while also recognizing the need for careful oversight.
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Americans are returning to Bitcoin in force this year, as indicated by the Coinbase Premium reaching its highest level since February.
This metric, showing the price gap between Coinbase’s BTC/USD and Binance’s BTC/USDT quotes, is a popular proxy for gauging U.S. retail buyer appetite.
On Friday, the Coinbase Premium touched $109.55—its largest spread since February 3.
Earlier this week, CryptoQuant contributor “Crypto Dan” in a Quicktake update described the pattern as characteristic of early-cycle recovery after correction, without signs of overheating.
This suggested continued bullish momentum into the second half of 2025.
Simultaneously, institutional interest appears to be rebounding. U.S. spot Bitcoin ETFs, especially BlackRock’s iShares Bitcoin Trust (IBIT), are drawing significant inflows and currently lead in assets under management.
CryptoQuant also highlighted a notable decline in on‑chain BTC reserves on exchanges. Since July 2024, over 500,000 coins have exited spot exchange holdings.
Baykuş, another CryptoQuant contributor, noted this trend is no accident.
“People aren’t selling—they’re holding. They’re not day trading, they’re holding for the long term.”
He framed this movement as a hidden foundation supporting the current rally toward $110,000.
Taken together, increasing retail premiums on Coinbase, strengthening institutional inflows into ETFs, and dwindling exchange supply paint a bullish outlook for Bitcoin’s price.
If these trends persist, analysts predict sustained momentum through mid‑2025 and possibly beyond.
Strategy, led by executive chairman Michael Saylor, is once again signaling a deepening commitment to Bitcoin.
Saylor posted “Send more Orange” on X on June 8 — a phrase often followed by the company’s Bitcoin acquisition announcements.
If the pattern holds, this could mark Strategy’s ninth consecutive week of BTC purchases.
The post follows closely after Strategy added 705 BTC between May 26 and June 1, spending around $75 million at an average of $106,495 per coin.
That brings the firm’s total holdings to 580,955 BTC, valued at about $61.4 billion.
According to SaylorTracker, the company is currently up nearly 50% on its investment, translating to an unrealized profit of roughly $20.6 billion.
$1 Billion Stock Offering Fuels Bitcoin Strategy
Saylor’s cryptic post coincides with Strategy’s announcement of a massive $1 billion stock offering, a sharp increase from the previously planned $250 million raise.
The firm aims to use the capital to fund further Bitcoin acquisitions and for general corporate expenses.
The offering involves 11.76 million shares of a new 10% Series A Perpetual Stride Preferred Stock, priced at $85 per share.
After deducting underwriting and other fees, Strategy expects net proceeds of approximately $979 million.
Unlike its earlier funding rounds, the new stock provides non-cumulative 10% dividends — a move designed to appeal to yield-seeking institutional investors.
This funding structure enables the company to continue its Bitcoin strategy while offering more predictable returns to shareholders.
Largest Institutional Bitcoin Holder
Data from Bitcoin Treasuries shows that Strategy now holds more Bitcoin than any other publicly known entity — including governments like the United States and China.
Its holdings are nearly twelve times larger than the next biggest corporate holder, Bitcoin miner Mara Holdings.
As a result, many investors increasingly view Strategy not just as a business, but as a vehicle for Bitcoin exposure.
With Saylor continuing to tease new purchases, the company shows no signs of slowing down.
Spot Ether exchange-traded funds (ETFs) in the U.S. have now posted 15 consecutive days of inflows, bringing them closer to a $1 billion milestone.
On June 6, ETFs tied to Ether attracted another $25.3 million in inflows, according to data from Farside.
This marked the third straight week of uninterrupted gains.
Momentum Builds Since Mid-May
The inflow streak began on May 16 and has now totaled $837.5 million.
That figure accounts for about 25% of the $3.32 billion in net inflows since Ether ETFs launched in July 2024.
If current momentum continues, another $162.5 million in inflows would push the streak past the $1 billion mark.
By contrast, Bitcoin ETFs saw their own streak broken on May 29, when they recorded outflows totaling $346.8 million.
Bitcoin ETF flows have since been mixed, showing both inflow and outflow days.
Ether, meanwhile, has enjoyed strong price performance.
Its price rose more than 31% over the last 30 days, currently trading around $2,490, according to CoinMarketCap.
Technical Signals Point to $6K Potential
Analysts remain optimistic about Ether’s long-term trajectory.
Crypto Eagles, a well-followed technical analyst, suggested on June 3 that Ether’s current cycle mirrors past price patterns, possibly setting the stage for a rally toward $6,000.
Ether last hit its all-time high of $4,878 in November 2021, per CoinGecko.
Some market watchers believe that incorporating staking into spot Ether ETFs could be the next major development.
This enhancement could significantly boost their competitiveness and investor appeal.
Staking ETFs May Be on the Horizon
Recent developments suggest staking options could soon arrive in the U.S. market.
ETF provider REX Shares has filed to launch both Ethereum and Solana staking ETFs.
James Seyffart, an ETF analyst, noted that REX used regulatory workarounds in an effort to bring these products to market.
While no official launch date has been set, expectations are building.
As Ether’s price strengthens and institutional interest grows, ETFs appear poised to become a dominant force in the asset’s adoption.
U.S.-listed spot Bitcoin exchange-traded funds (ETFs) saw a sharp return to outflows on June 5, shedding $278 million, according to data from SoSoValue.
The negative momentum followed a brief two-day recovery and came amid growing unease in financial markets, sparked by a high-profile feud between former President Donald Trump and Tesla CEO Elon Musk.
Sentiment Takes a Hit
Market sentiment took a decisive turn as the Cryptocurrency Fear & Greed Index dropped from “Greed” to “Fear” on June 6.
This shift came after tensions escalated between Trump and Musk through a series of social media exchanges, damaging what had been perceived as a close relationship.
The feud also had ripple effects beyond the crypto sector.
Shares of Tesla fell 14%, while Trump Media dropped 8%, according to TradingView data.
Persistent ETF Struggles
The June 5 outflows came after U.S. spot Bitcoin ETFs recorded a $1.2 billion outflow between May 29 and June 2, also driven by cooling sentiment.
Although June 3 and 4 showed brief signs of recovery, the pullback resumed forcefully.
SoSoValue noted that ARK Invest’s ARK 21Shares Bitcoin ETF (ARKB) led the retreat, seeing $102 million in withdrawals on June 5.
Notably, none of the Bitcoin ETFs registered inflows that day.
Global Trends and Ether Inflows
Over the past week, global Bitcoin exchange-traded products experienced $8 million in outflows.
In contrast, Ethereum-based products (ETPs) saw significantly better investor interest.
Spot Ether ETFs attracted $11.3 million in inflows on June 5, continuing a 14-day streak.
However, these figures declined compared to the $56.9 million added on June 4 and $109.4 million on June 3.
Ethereum Gains Institutional Traction
Ether products are benefiting from stronger network fundamentals and sustained interest in futures markets.
BlackRock, the world’s largest crypto ETF issuer, recently added $50 million worth of Ether to its portfolio on June 3, according to Arkham, a blockchain analytics firm.
As uncertainty surrounding Bitcoin ETFs grows, Ethereum appears to be consolidating its position as a more stable alternative for now.
Bitcoin’s presence on cryptocurrency exchanges has dropped to its lowest level in nearly seven years, falling below 11% of total supply for the first time since March 2018.
This trend, revealed in new Glassnode data, points to a rising preference for long-term holding and institutional custody.
HODLers Show Long-Term Conviction
The decline from a 17.2% peak in March 2020 suggests a shift in investor behavior.
Over 1.26 million BTC, or about 6% of the total supply, has moved away from exchanges during that time.
According to CryptoQuant, the Exchange Flows to Network Activity Ratio has reached its lowest level since early 2023.
This indicates that even as Bitcoin prices climb, fewer coins are being deposited on trading platforms.
The current 30-day moving average of the ratio sits at around 1.2—well below its 365-day average and nearing -1 standard deviation.
Such levels often signal strong holding sentiment and a reduced willingness to sell.
Rise of Institutional Custodians
Much of Bitcoin’s migration away from exchanges is being driven by institutional players favoring third-party custody over public platforms.
Firms like BlackRock, Fidelity, and Franklin Templeton are now using platforms like Coinbase Prime, which reported $212 billion in assets under custody in Q1 2025.
Meanwhile, Coinbase’s exchange recorded over $500 million in BTC outflows during the same period, with another $761 million in withdrawals on June 5.
Spot Bitcoin ETFs are also absorbing large amounts of BTC.
As of June 5, ETF holdings had ballooned to $44.54 billion, up from just $1 billion at their launch in January 2024.
Trust in Exchanges Falters Post-FTX
The collapse of FTX in late 2022 appears to have triggered a long-lasting erosion of trust in centralized exchanges.
Glassnode data shows consistent outflows from November 2022 to May 2023, including several weeks with more than 10,000 BTC withdrawn.
In total, more than 200,000 BTC left exchanges during that six-month stretch.
This indicates a lasting shift toward self-custody and alternative trading platforms.
A 2025 joint survey by Coinbase and EY-Parthenon found that 83% of institutional investors plan to increase their crypto exposure, with nearly 60% allocating over 5% of assets under management to digital assets.
Standard Chartered estimates that 61 public companies already control more than 3% of the total 21 million BTC supply.
With growing confidence in self-custody and institutional infrastructure, exchange balances may continue to decline—even as Bitcoin aims for new highs.