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Bitcoin ETF flows saw net outflows of $91.37 million, BlackRock's IBIT led the withdrawals with $232.92 million in redemptions.
Strategy acquired 1,550 BTC for $101.3 million, increasing its treasury holdings to 845,256 BTC valued at approximately $63.97 billion.
Solana continued to dominate decentralized trading activity, attracting 1.24 million weekly active DEX traders.
The crypto market saw major developments today as Bitcoin ETFs logged $91.37 million in outflows, while Strategy added 1,550 BTC into its treasury. At the same time, Solana held onto its DEX momentum with 1.24 million weekly active traders. Meanwhile, Coinbase expands to stablecoin-backed credit card with Cardless.
According to SoSoValue, the Bitcoin spot ETF saw a total net outflow of $91.37 million yesterday.
The Bitcoin Spot ETF with the highest net inflow yesterday was Ark Invest and 21Shares' ETF ARKB, with a daily net inflow of $63.14 million.
The second highest was Fidelity's ETF FBTC, with a daily net inflow of $59.37 million, and the total historical net inflow of FBTC currently stands at $10.45 billion.
The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a daily net outflow of $232.92 million.
The total net asset value of Bitcoin Spot ETFs is $79.63 billion, with an ETF net asset ratio of 6.26%. The historical cumulative net inflow has reached $53.85 billion.
Hyperliquid pushed past 7% of all exchange perp volume for the first time, hitting 7.6% on June 8.
The share gain landed mid sell off, with crypto market cap down 26% on the year and Bitcoin testing the low of $60K.
HYPE fell roughly 10% after Arthur Hayes exited his position, while platform volume kept climbing.
At the press time, HYPE trades at $61.79 with a decline of 0.50% in the last 24 hours and 14.79% in the last 7 days.
Strategy Inc has bought 1,550 Bitcoin (BTC), nearly 50 times the Bitcoin it sold last week, raising its treasury to 845,256 coins.
According to the company filing, for the first week of June, the Bitcoins were bought for $101.3 million at an average price of $65,332 per coin.
The purchases were funded with the proceeds of shares sold pursuant to its at the market (ATM) program. This brings Strategy's acquired BTC total value at $63.97 billion, or an average of $75,680 per coin.
Strategy also sold 1,409,600 shares of MSTR for net proceeds of $181 million.
Also Read: Bitcoin Price Trades Above $63K Despite Heavy Bitcoin ETF Selling Pressure
Dune data shows Solana's DEX weekly active traders number reached approximately 1.24 million, maintaining its position as the top public blockchain.
During the same period, BNB Chain’s weekly active DEX traders was 624,000; Polygon, approximately 410,000; Base, approximately 209,000; and Ethereum, approximately 78,000.
Weekly active DEX traders on networks including World Chain, Sui, Arbitrum, Celo, and Optimism all fell short of 30,000.
Although this figure has notably declined from its peak of over 4.5 million in early 2025, Solana’s current weekly active DEX trader count still exceeds 1 million, roughly double that of BNB Chain.
Cardless and Coinbase have jointly launched a credit card secured by stablecoins, targeting users who cannot obtain credit cards through traditional channels but hold digital assets.
Applicants need to pledge a portion of their USDC holdings as collateral, while still earning yield on their staked assets, and pay a $49.99 fee to obtain card usage rights.
Cardless co-founder Michael Spelfogel said that applicants come from different credit score segments, and some believe in cryptocurrency but are just starting to accumulate wealth.
This product continues the previous cooperation between the two parties. The previously launched Coinbase-branded American Express Card offers up to 4% Bitcoin cashback.
Also Read: Ethereum Co-Founder Shifts $170M in ETH for Loan Security as Price Falls Below $1,600
While ARKB and Fidelity's FBTC attracted fresh capital, the significant $232.92 million outflow from BlackRock's IBIT outweighed those gains. This resulted in an overall net outflow of $91.37 million across Bitcoin spot ETFs.
According to company filings, Strategy now owns 845,256 BTC after purchasing an additional 1,550 BTC for $101.3 million. Its total Bitcoin investment stands at approximately $63.97 billion.
Solana's low transaction costs and fast processing speeds continue to attract users. Dune Analytics data showed 1.24 million weekly active DEX traders, significantly ahead of BNB Chain, Polygon, and Ethereum.
Hyperliquid captured 7.6% of total exchange perpetual futures volume, marking its highest-ever market share. The achievement came despite broader market weakness and a decline in HYPE's token price.
The card, launched with Cardless, allows users to pledge USDC as collateral while continuing to earn yield on their holdings. Applicants pay a $49.99 fee, offering an alternative credit option for crypto-native users.
