Bitcoin ETF inflows spark a rebound, SharpLink resumes ETH buying, and Aave deploys on Monad, signaling institutional interest in the crypto market. The cryptocurrency market staged a strong rebound today. Bitcoin climbed to $61,490, gaining about 2.4% over the past 24 hours. Ether also moved higher and broke above $1,700 with a daily gain of around 5.89%. On the macro side, weaker-than-expected US employment data eased concerns over further aggressive rate hikes from the Federal Reserve. A softer US Dollar Index also provided support for risk assets. Institutional activity remained resilient as CME reported strong crypto futures trading in June, with an average daily notional value of approximately USD 10.7 billion. Spot ETF flows also improved. US spot Bitcoin ETFs recorded a net inflow of USD 222 million yesterday, ending a 10-day streak of outflows. Spot Ether ETFs added another USD 29.08 million in net inflows. Although the Crypto Fear & Greed Index remains in the "Extreme Fear" zone at 21, capital flows have started to recover. On-chain data also shows that leverage remains elevated. If Bitcoin falls below $58,218, cumulative long liquidations across major CEXs could reach USD 1.887 billion. If Ether drops below $1,611, cumulative long liquidations could total USD 941 million. These levels suggest that leveraged positioning remains an important risk to monitor.

Source: Alternative

Key News Highlights:

Bitcoin Rebounds Above $61K as ETF Inflows Return While Markets Watch Liquidation Risks

Bitcoin rebounded after an extended period of weakness, with market attention focused on whether it can hold above the $61K level. BTC had previously fallen to its lowest level in nearly 21 months before recovering alongside improving macro conditions and renewed buying interest. Weaker-than-expected US employment data reduced expectations for further aggressive Federal Reserve tightening, providing some relief for risk assets. Investors also continue to watch Treasury yields closely, as higher fixed-income returns may still compete with non-yielding assets such as cryptocurrencies. Institutional demand has remained under close scrutiny after US spot Bitcoin ETFs experienced significant outflows in recent weeks. The latest data, however, shows a net inflow of USD 222 million into spot Bitcoin ETFs yesterday, ending a 10-day streak of outflows. The reversal has renewed attention on institutional capital flows, though it remains too early to determine whether the recovery will continue. Overall, the latest rebound reflects improving short-term market conditions and healthier capital flows, while the broader environment remains volatile and cautious.

SharpLink Resumes ETH Accumulation as Corporate Treasury Strategy Draws Fresh Attention

Crypto treasury company SharpLink has resumed buying Ether after an approximately eight-week pause, bringing renewed attention to corporate ETH treasury strategies. On-chain data shows that the company accumulated a total of 10,000 ETH shortly after restarting purchases on June 25. SharpLink said the acquisitions were worth approximately USD 16 million at an average purchase price of $1,611 per ETH. Following the latest purchases, the company's total ETH holdings have increased to 866,725 ETH. SharpLink has long been viewed as one of the leading corporate Ether holders, and its treasury decisions are often seen as an indicator of institutional confidence in ETH. The latest purchases signal that the company has resumed its long-term accumulation strategy. In its official statement, SharpLink reaffirmed that expanding its ETH treasury remains part of its long-term reserve asset strategy. Market participants will continue watching whether the company maintains the same pace of accumulation in the coming months.

Aave Deploys V3 on Monad and Introduces GHO Stablecoin to Expand Multi-Chain DeFi Infrastructure

DeFi lending protocol Aave has officially deployed its V3 protocol on the Monad mainnet, marking another milestone in its multi-chain expansion strategy. At launch, users can access 12 supported assets, including the GHO stablecoin, USDC, WETH, and several other major liquidity assets. One of the key technical upgrades is the integration of Chainlink Smart Value Recapture, which allows part of the liquidation value to be redirected back into the protocol to improve capital efficiency and strengthen overall protocol resilience. To accelerate liquidity growth and encourage early adoption, the Monad Foundation has committed USD 15 million in incentives during the first year. It has also pledged to purchase and hold 10 million GHO tokens for at least six months. Meanwhile, the Aave DAO has allocated an additional 500,000 GHO to support ecosystem development. While Monad's high compatibility with Ethereum lowers the barrier for developers and smart contract migration, market data shows that its total value locked stood at approximately USD 359.5 million as of June 8, with liquidity still concentrated in a limited number of early-stage protocols. As institutional interest in tokenized real-world assets continues to grow, Aave's deployment on Monad provides mature lending infrastructure today and creates a stronger foundation for future collateral such as tokenized US Treasuries and private credit.

Monad's total value locked as of Thursday. Source: DefiLlama

Ethics and Conflict-of-Interest Debate Intensifies as the US Crypto Market Structure Bill Advances

Discussions surrounding the US crypto market structure bill continue to progress, while attention has increasingly shifted toward ethics provisions included in the legislation. According to reports, Ripple Labs co-founder Chris Larsen has backed a financial startup founded by Theodore Gillibrand, the son of US Senator Kirsten Gillibrand. The company, American Perpetuals Exchange Corp., is reportedly developing a derivatives trading platform. Reports indicate that several investors participated in the funding round, with many contributing between USD 5,000 and USD 10,000. The investment has attracted attention because Senator Gillibrand is actively involved in negotiations over the CLARITY Act, which is expected to shape the future regulatory framework for the US digital asset market. She has previously stated that members of Congress, senior government officials, and top executive leaders should not profit from industries in which they hold positions of influence. A spokesperson for the senator said her son is an independent adult running his own business and that she has had no involvement in the venture. With the US Senate facing a limited legislative calendar, the market continues to watch whether lawmakers can reach consensus on ethics provisions, DeFi, and illicit finance before the bill moves forward.

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