The cryptocurrency landscape continues to evolve with strategic moves from major platforms and shifting market dynamics. As Bitcoin stabilizes near the $107,000 mark and Ethereum holds steady amid ETF fluctuations, new developments from Truth Social and Infini are capturing investor attention. This article explores the latest market movements, highlights high-performing tokens, and unpacks emerging trends in crypto adoption and regulation.
Market Overview: Stability Amid Geopolitical Shifts
Bitcoin (BTC) has shown resilience, currently trading at 107,125 USDT with a +1.16% gain over the past 24 hours. After dipping to 103,000 USDT due to Middle East tensions, BTC rebounded strongly, briefly testing resistance near 109,000 USDT. The rebound reflects sustained institutional demand, underscored by **$408 million in net inflows** to spot Bitcoin ETFs on a single day. BlackRock’s IBIT led the charge with $266 million in inflows, reinforcing confidence in long-term accumulation.
Ethereum (ETH), priced at 2,578 USDT, saw a minor uptick of +0.17% but remains in a consolidation phase. The ETH/BTC ratio dipped to 0.024, and Ethereum’s market dominance fell slightly to 9.22%. Notably, Ethereum ETFs recorded a net outflow of $20.39 million, though ETHA managed a positive $16.09 million inflow—suggesting selective institutional interest.
👉 Discover how ETF flows are shaping the future of crypto investing.
The broader altcoin market remains mixed, with no clear directional momentum. The Fear & Greed Index sits at 53, indicating neutral-to-optimistic sentiment. On the macro front, easing geopolitical tensions have lifted risk assets. U.S. equities rallied, with the Nasdaq up over 1.5% and the Philadelphia Semiconductor Index gaining more than 3%. Conversely, safe-haven assets like gold and oil declined sharply, reflecting reduced market anxiety.
Top Gainers: PENDLE, ZKJ, and HYPE Shine
PENDLE (+7.17%, Market Cap: $1.14B)
Pendle is emerging as a key player in the yield-tokenization space. Trading at $4.03, PENDLE has gained over 7% in 24 hours. The protocol enables users to tokenize future yield streams from assets like stablecoins, allowing traders to speculate on or hedge against future returns.
With stablecoin regulations advancing through initiatives like the GENIUS Act, Pendle is well-positioned to benefit. It already commands around 30% of the stablecoin yield market, with over 80% of its Total Value Locked (TVL) in stable assets. This regulatory tailwind could accelerate adoption and drive further value accrual to the PENDLE token.
ZKJ (+25.52%, Market Cap: $419M)
Polyhedra Network’s ZKJ token surged after co-founder-led buybacks restored market confidence following a recent sell-off. Now priced at $0.4337, ZKJ powers a ZK-proof infrastructure designed to enhance cross-chain interoperability.
Its flagship product, zkBridge, has facilitated over 20 million cross-chain transactions across 25+ Layer-1 and Layer-2 networks. While volatility remains high, the project’s technical foundation and ecosystem growth signal strong long-term potential for those comfortable with risk.
HYPE (+3.19%, Market Cap: $42.75B)
Hyperliquid’s native token HYPE hit an all-time high at $43.02, driven by robust platform fundamentals. As a high-performance Layer-1 blockchain optimized for decentralized finance (DeFi), Hyperliquid offers sub-second block finality and fully on-chain order execution.
High trading volumes, low fees, strategic token buybacks, and successful airdrops have fueled momentum. However, increasing competition in the DEX and L1 space means continued innovation will be crucial for maintaining growth.
Alpha Insights: Strategic Moves from Key Players
Backpack Expands Multi-Chain Support
Backpack, a growing decentralized exchange, has rebuilt its deposit and withdrawal system to support multiple blockchains. Initial integration includes USDC and ETH on Arbitrum, with more chains expected in the coming weeks.
This upgrade enhances user accessibility and reduces transaction costs—key factors for improving user retention in competitive DeFi markets. Community feedback will guide future chain integrations, signaling a user-driven development approach.
👉 See how multi-chain support is transforming DeFi user experience.
Truth Social Files for BTC and ETH Dual ETF
In a bold move toward mainstream crypto adoption, Truth Social—the social media platform linked to former U.S. President Donald Trump—has filed an S-1 form with the SEC to launch a Bitcoin and Ethereum dual ETF, branded as “B.T.”
The proposed fund would allocate 75% to BTC and 25% to ETH, aiming to offer investors simplified exposure to both leading cryptocurrencies. Managed by Yorkville America Digital and supported by Crypto.com as custodian and liquidity provider, the ETF intends to list on NYSE Arca.
This follows Truth Social’s earlier filing for a standalone Bitcoin ETF, highlighting a growing institutional appetite for crypto products backed by political and media influence. However, approval hinges on SEC clearance via the 19b-4 process, which can take up to 240 days and carries regulatory uncertainty.
Meanwhile, Trump Media recently raised $250 million to build a Bitcoin reserve, reinforcing its crypto-centric strategy despite a recent ~2% dip in stock price (DJT). Political involvement may attract scrutiny but also amplify public interest in digital assets.
Infini Shuts Down Infini Card Services
Infini has officially discontinued all versions of its Infini Card, including Global, Lite, and Tech variants. No new applications are accepted, and existing cards are no longer functional.
The decision stems from unsustainable compliance costs and low profit margins in the crypto card sector—a challenge faced industry-wide. However, core services like deposits, withdrawals, and Earn programs remain operational, ensuring user funds are secure.
Affected users will receive automatic refunds for card fees within 10 business days. In-flight refunds may take 5–21 days to reflect in account balances. This transition underscores the structural difficulties of integrating crypto payments into traditional financial rails.
Infini now plans to refocus on wealth management and yield-generating products. Rebuilding trust will depend on transparent communication and efficient refund processing.
Upcoming Opportunity: KAI Battle of Three Kingdoms on Gate Launchpool
Gamers and investors alike can participate in the next Gate Launchpool event featuring KAI Battle of Three Kingdoms.
- Token: SGC
- Launch Deadline: June 19, 2025, 20:00 UTC+8
- Participation: Stake BTC or SGC to earn rewards
- Total Rewards: 13,000,000 SGC
Developed by double jump.tokyo under license from SEGA’s iconic Sangokushi Taisen IP, this blockchain strategy game introduces SGCP (Points)—a utility token used for purchasing card packs and trading in-game assets via PvP rewards.
SGC serves dual roles as both a governance and in-game currency, deepening player engagement and economic depth within the ecosystem.
👉 Join the next-gen gaming revolution powered by blockchain rewards.
Frequently Asked Questions (FAQ)
Q: What is a dual BTC/ETH ETF?
A: A dual cryptocurrency ETF provides investors with exposure to both Bitcoin and Ethereum through a single financial product. Truth Social’s proposed ETF would hold 75% BTC and 25% ETH, simplifying access for traditional investors.
Q: Why did Infini discontinue its card service?
A: High compliance costs, operational complexity, and thin profit margins made the crypto card business unsustainable. Infini is now focusing on higher-margin services like yield generation.
Q: Is PENDLE a good investment?
A: PENDLE benefits from growing demand for yield tokenization, especially in regulated stablecoin ecosystems. Its strong market position and alignment with regulatory trends make it a compelling long-term play.
Q: How does zkBridge work?
A: zkBridge uses zero-knowledge proofs to securely transfer data and assets across blockchains without relying on trusted third parties, enhancing security and scalability in cross-chain applications.
Q: Can I still use my Infini Card?
A: No. All Infini Card services have been permanently discontinued as of June 17, 2025.
Q: What happens after staking in Gate Launchpool?
A: Users who stake eligible assets (BTC or SGC) earn SGC tokens over time. Rewards are distributed based on staking share and duration until the campaign ends.
Core Keywords: Bitcoin ETF, Ethereum ETF, Truth Social crypto, Infini Card shutdown, Pendle yield protocol, ZKJ token, Hyperliquid HYPE
This comprehensive update reflects key shifts in market sentiment, regulatory engagement, and platform strategies—essential knowledge for navigating today’s dynamic crypto landscape.