The crypto industry delivered a mix of institutional momentum, legislative progress, and stablecoin milestones this week.
From surging Bitcoin ETF inflows and a euro stablecoin rally to the U.S. pushing forward blockchain legislation, these are the key stories in crypto this week.
Coinbase signals Bitcoin reserve shift as COIN hits post-IPO high
Crypto exchange Coinbase CEO Brian Armstrong revealed it is now acquiring Bitcoin weekly under a “Long Bitcoin” approach.
He shared the update on an X post today, prompting speculation that Coinbase may be preparing to build a formal BTC treasury after years of internal debate over holding Bitcoin on its balance sheet.
We're buying more Bitcoin every week. Long #Bitcoin https://t.co/LleWBXGYTG
— Brian Armstrong (@brian_armstrong) June 26, 2025
The news coincides with COIN stock reaching $375.25 in after-hours trading, the highest since 2021.
While no official treasury plan has been confirmed, the move reflects growing corporate interest in Bitcoin as a strategic reserve asset amid broader investor demand for crypto equity exposure.
U.S. House passes landmark blockchain bill to boost national competitiveness
The House of Representatives approved the Deploying American Blockchains Act (H.R. 1664), aiming to centralize and accelerate blockchain development across the public and private sectors.
The bill directs the Department of Commerce to lead federal coordination on distributed ledger technology, emphasizing strategic guidance, public-private partnerships, and technical standards.
It also aims to reduce regulatory fragmentation and increase U.S. competitiveness in the Web3 space.
With bipartisan support and growing interest in digital identity, supply chain, and financial use cases, the bill showcases a shift from reactive oversight to proactive innovation policy. It now awaits Senate review in the coming months.
TRON surpasses $80 billion in USDT as stablecoin adoption accelerates
Major blockchain platform TRON reported today on X that now hosts over $80 billion in Tether (USDT), cementing its lead as the top network for stablecoin activity.
The total circulating supply of USDT on the #TRON blockchain has exceeded $80 billion.
Since January 2025, the supply of USDT issued on the TRON network has grown by approximately 20 billion, (Source: @tokenterminal). TRON continues to lead all blockchain networks in USDT… pic.twitter.com/PImFeb6pQo
— TRON DAO (@trondao) June 26, 2025
According to TRON DAO, the network processes more than 8.9 million transactions daily and supports $21.5 billion in average USDT transfers. TRON accounts for 60% of global stablecoin payment volume and 28% of all active wallets.
Founder Justin Sun emphasized to CoinDesk that TRON’s scale and efficiency have positioned it as a core pillar of global stablecoin infrastructure, especially in emerging markets.
Its ecosystem also recently launched compliance initiatives and hosted new stablecoin issuers.
BlackRock’s IBIT leads $588M in ETF inflows as Bitcoin rebounds
Bitcoin ETFs recorded their largest daily inflow in June, pulling in $588.6 million, with BlackRock’s iShares Bitcoin Trust (IBIT) alone attracting $436.3 million. Fidelity’s FBTC and other funds also posted gains, continuing an 11-day streak of inflows.
Analysts see the momentum as further validation of Bitcoin’s role as a hedge, though caution persists ahead of U.S. macro data and Federal Reserve updates. Ethereum ETFs also saw rising flows, signaling broader institutional interest.
The surge followed easing geopolitical tensions after a ceasefire between Israel and Iran, which helped stabilize global risk sentiment.
Euro stablecoins grow 44% as EUR/USD gains rival Bitcoin performance
The combined market cap of euro-pegged stablecoins rose to $480 million in the first half of 2025, a 44% jump fueled by the euro’s 12.88% surge against the dollar, Coingecko reported.
Circle’s EURC led the growth with a 138% increase to $200 million, as traders and platforms sought to diversify from USD-backed options.
The EUR/USD pair is now moderately correlated with Bitcoin, and its strength has enhanced the appeal of euro-denominated stablecoins in cross-border payments.
Though euro stablecoins remain a small fraction of the $254 billion dollar-backed market, analysts note growing demand tied to currency diversification and macro conditions.
OKX explores U.S. IPO after Circle’s listing fuels crypto equity momentum
Global crypto exchange OKX is reportedly weighing an initial public offering in the U.S. after relaunching operations in April.
The move follows Circle’s public debut on the NYSE, which saw its stock soar nearly 250%. OKX’s consideration comes amid rising regulatory friction in Asia, including a recent trading ban in Thailand.
With the U.S. offering deeper capital markets and a growing appetite for blockchain-linked equities, the IPO would position OKX alongside Coinbase as one of the few publicly listed exchanges.
No timeline has been confirmed, but the report signals a shift toward Wall Street among major crypto firms.
Citi UK chief criticizes crypto capital rules as ‘prohibitive’ for banks
Citigroup UK CEO Tiina Lee warned that incoming Basel Committee standards on crypto could backfire by pushing activity into unregulated markets.
Speaking at TheCityUK’s annual London conference, Lee criticized the 1,250% risk weighting imposed on crypto assets, which would require banks to hold £125 in capital for every £100 in exposure.
She questioned whether excluding crypto from the regulated sphere enhances oversight or undermines it.
Her remarks reflect growing concern among banking executives that overly rigid capital requirements may deter participation and stifle innovation, just as institutional adoption and public sector interest in blockchain technology continue to rise.
