Tron is Preparing for an IPO in the US
Tron is planning to go public in the US under the leadership of Justin Sun. According to the Financial Times, Tron will go public through a reverse merger with SRM Entertainment, which is listed on Nasdaq. The process is being managed by Dominari Securities, which has ties to the Trump family. The newly established company, called “Tron Inc.”, will hold TRX tokens, just like Strategy does for Bitcoin, and will start with approximately $210 million in TRX assets. It is stated that Eric Trump will also play a role in the management of the company.
Following the news, the TRX price rose by 4% to $0.28, while SRM shares rose by 250% to $5.1. Justin Sun is known to have close ties to the Trump family and has previously attended a presidential dinner for TRUMP memecoin holders. The move aims to increase institutional investor interest in Tron’s TRX token, following in the footsteps of crypto firms like Circle, which have gone public in the US.
Trump Media Files with SEC for Bitcoin and Ethereum ETF
Trump Media and Technology Group has filed an application for an ETF under the Truth Social brand that includes Bitcoin and Ethereum. The documents filed with the SEC state that the fund will contain 75% Bitcoin and 25% Ethereum, while Crypto.com will be the fund’s custodian, executing agent, and liquidity provider. The ETF is planned to be listed on NYSE Arca, but the application is awaiting approval.
This new application comes after Trump Media recently filed another Truth Social ETF application that only includes Bitcoin. The company is also planning various crypto funds under the name “America First.” On the other hand, Trump Media has plans to create a Bitcoin treasury with a capital increase of $ 2.4 billion, but has not yet purchased BTC. President Trump and his family are increasingly intertwined with the crypto world.
First Spot XRP ETF in Canada to Begin Trading on June 18
Purpose Investments has received all necessary approvals to launch a spot XRP ETF in Canada. The fund, which will open for trading on the Toronto Stock Exchange on June 18 with the ticker “XRPP,” is the first spot XRP ETF to be approved in North America. The fund offers investors direct exposure to XRP while eliminating the need to hold the asset directly.
XRP is the native asset of the XRP Ledger network, which is backed by Ripple and focused on payment solutions. Following the ETF approval, the XRP price rose 6.5% to $2.32. Similar applications have been filed in the U.S. by firms such as Grayscale, Bitwise, and CoinShares. However, so far, only XRP futures products have been approved. With this development, competition is gaining momentum in the altcoin ETF race.
New Stablecoin Signal from JPMorgan
JPMorgan Chase filed a trademark application with the US Patent and Trademark Office on June 15 for a new digital asset and payment-focused service called “JPMD”. The application covers services such as digital currency issuance, real-time token trading, electronic payment processing and financial custody. This development is seen as a signal that the bank is preparing new products beyond its current stablecoin solution, JPM Coin.
JPM Coin is currently only used for instant payment transactions between corporate clients and works on Quorum, a private Ethereum-based network. This move by JPMorgan also coincides with the stablecoin project planned by US banks in partnership with Early Warning Services and The Clearing House. The future of the project will depend on legislation such as the GENIUS Act, which will be voted on this week.
Pakistan’s “Super Team” with Saylor and CZ for Bitcoin Reserve
Pakistan is accelerating its plan to create a state-backed Bitcoin reserve. Bitcoin advocate Michael Saylor and CZ have joined the country’s crypto advisory board as strategic advisors. The plan, announced at the Bitcoin 2025 conference on May 28, involves purchasing BTC with state assets and mining it with domestic energy. The aim is to reduce dependence on the US dollar with digital assets and gain independence from the international financial system.
However, this strategy has led to tensions with the IMF. The fund objected to the allocation of 2 GW of energy due to the fragility of Pakistan’s energy grid. In response, the government plans to strengthen the legal infrastructure with the Digital Assets Authority law. Pakistan’s move could affect regional dynamics and worry major creditors like China.
El Salvador Continues Bitcoin Purchases Despite IMF Agreement
Despite agreeing to a $1.4 billion credit agreement with the IMF in December 2024 that would halt new Bitcoin purchases, El Salvador continues to purchase BTC daily. According to official data, the country has added 240 BTC since then, bringing its total assets in its treasury to 6,209 BTC. Authorities state that these purchases were made with non-governmental assets and that technical compliance with the IMF continues.
However, there was a significant decline in crypto money transfers during the same period. In the first quarter of 2025, crypto remittances to El Salvador decreased by 44.5% to just $16 million. This amount accounts for only 0.52% of the country’s total remittances. The decline suggests that crypto adoption among the public has not reached the expected level.
Strategy Increases BTC Stock to 592,100 with $1 Billion in New Bitcoin Purchases
Strategy, founded by Michael Saylor, announced on June 15, 2025 that it has purchased an additional 10,100 BTC worth $1 billion. This purchase came amid geopolitical tensions in the Middle East and during a week when Bitcoin fell from $110,000 to $103,639. The company’s total Bitcoin holdings reached 592,100 BTC, with the current value of these assets around $64 billion. The bulk of the purchases were financed with $979.7 million in proceeds from the sale of STRD shares, which recently listed on Nasdaq.
Strategy made its second major Bitcoin purchase this month. The company has accumulated a total of $41.8 billion worth of BTC to date at an average price of $70,666. These investments yielded a 19.1% return in 2025.
Spot Bitcoin ETFs Reach 25% of Global BTC Volume
Spot Bitcoin ETFs account for 25% of global Bitcoin trading volume, indicating that traditional financial infrastructure is rapidly gaining share from crypto-native exchanges. This rate, which was 10% in October 2024, has increased to 30% in recent weeks, demonstrating institutional and individual investor interest in ETFs. This rise has come about because ETFs eliminate operational complexities and offer secure custody and familiar regulatory frameworks.
For investors, ETFs eliminate the difficulties of holding Bitcoin directly, while also offering the convenience of tax reporting and the ability to trade through brokerage firms. In addition, considering the past collapses of crypto exchanges, ETF models that do not contain counterparty risk stand out as a safer alternative. This development proves that access to Bitcoin through the traditional market is increasingly becoming mainstream.
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BITCOIN (BTC)
Bitcoin rose to 107,333 levels with the reaction it received from the 105,778 support. However, it is facing sales from the short-term resistance located above at 108,000. If this level is broken, the main resistance of 111,861 may be the target. Otherwise, the scenario of a pullback to 105,778 and then 101,315 remains on the table. Since the general structure is still priced within the horizontal band, voluminous breakouts should be expected for a clear direction determination.
ETHEREUM(ETH)
Ethereum rose to 2,593 levels with the reaction it received from the 2,550 support. However, sales from the resistance area located at 2,679 above are clearly observed. The price currently continues to test this resistance area. If 4-hour closings come above this level, 2,874 can be targeted. Otherwise, there is a potential for a pullback to 2,550 and even 2,385 levels. In this structure where horizontal movement is dominant, volume approval is of critical importance.
RIPPLE(XRP)
The XRP price tested the 2.36 resistance with its rise from the 2.05 support and then retreated to the 2.28 level. This region is an important horizontal level that has worked as both support and resistance in the past. If the price manages to hold above this level, the 2.36 and then 2.47 levels can be targeted. Otherwise, a pullback to the 2.15 – 2.05 band can be seen again. Although the momentum seems to be in favor of buyers at the moment, it is clear that selling has come into play in resistance areas.
AVALANCHE(AVAX)
The AVAX price recovered to 19.27 levels in the short term with the reaction it received from the $ 18.52 support. However, the latest rise attempts towards the 20.25 resistance encountered sellers. As long as it remains below this level, indecision and lack of direction may prevail in the market. While the 18.52 level continues to be watched as a strong support, the 20.25 level must be exceeded for an upward break. If this happens, the next resistance will be 21.48.
SOLANA(SOL)
SOL price rose to 153 levels, receiving a strong reaction from the demand area in the 144-148 dollar band. This area had previously worked as a liquidity area where buyers stepped in many times. Although the current price movement seems to be in favor of the rise in the short term, the selling pressure coming from the intermediate resistance area around the 157-158 band draws attention. In order for the upward movement to continue, the 157 level needs to be broken with volume. Otherwise, the price may correct back to the $145 region.
