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Bitcoin shoots higher on Iran peace deal, with Strait of Hormuz set to open
The US and Iran said they reached an interim agreement to end hostilities and reopen the Strait of Hormuz, with the deal to be signed in Switzerland on Friday.
The price of bitcoin has risen to $65,700, up 2% over the past 24 hours, and its highest level since the early June plunge.
Wall Street and crypto are crashing into each other as tokenized treasury markets hit $14.6 billion
Asignificant transformation is currently underway across the established cryptocurrency market. The top crypto exchanges are morphing into multi-asset financial platforms, breaking down the traditional barriers that once kept crypto and Wall Street completely apart.
Crypto exchange OKX rolled out 13 new "X-Perp" markets for European traders on Tuesday, giving retail users direct access to "Magnificent 7" tech stock futures, alongside major commodity indices like gold, silver, and crude oil. The platform also added perpetual markets for major index funds like the SPY and QQQ, enabling users to trade exposure to the largest U.S. equities outside standard market hours.
Coinbase quantum report flags exchange cold wallets among millions of bitcoin exposed by address reuse
Coinbase’s Independent Advisory Board on Quantum Computing and Blockchain published a report estimating that roughly 7 million bitcoin are exposed to a future quantum attack. About 5 million bitcoin of that total are tied to address reuse that the board says largely belongs to active users, including large cold wallets held by known exchanges.
The report lays out competing answers to what it calls a governance problem, from freezing or burning vulnerable coins that miss a migration deadline to doing nothing and preserving owners’ rights, but declines to endorse any of them.
Bitcoin & Ethereum Spot ETF Flow
The overall net inflow of the US Bitcoin spot ETF on Thursday was $85.85 million. The total net asset value of Bitcoin spot ETFs is $79.65 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.26%.
The Bitcoin spot ETF with the highest net inflow on June 12 was iShares Bitcoin Trust, with a net outflow of $57.69million, according to SoSoValue.
Source: SoSoValue
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