🏛️Democrats want to limit Trump's influence on cryptos
Welcome to the Wednesday, June 25, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Wednesday, June 25, 2025 and as every day from Tuesday to Saturday, we summarize for you the news of the last 24 hours you could not miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
☀️ Sunny
24h crypto recap! ⏱
🇯🇵 Japan studies crypto ETFs and a unified tax
Japan is considering a unified 20% tax regime on crypto gains, aligned with ETFs, to boost adoption of crypto products in the country.
💼 BNB establishes itself as an institutional asset
BNB becomes an institutional asset thanks to a $100 million Nasdaq-listed fund, initiating a strategic shift in traditional crypto adoption.
🏛️ Democrats brandish the COIN Act against Trump
Senator Adam Schiff proposes the COIN Act to prohibit politicians, including Trump, from promoting or holding cryptos during and one year after their terms.
👤 Arthur Britto, Ripple co-founder, resurfaces
After 14 years of silence, Arthur Britto posts a simple emoji on X, reigniting attention and questions about his role in XRP's evolution.
Crypto of the day: Hyperliquid (HYPE)
🧠 Technology & innovation
Hyperliquid stands out as an inter-chain liquidity protocol designed to pool liquidity from multiple blockchains. By aggregating pools from networks such as Ethereum, BNB Chain, or Avalanche, Hyperliquid enables instant and efficient transfers without relying on external bridges.
Thanks to an architecture combining interoperable smart contracts, sophisticated oracles, and a decentralized router, the platform offers smooth, secure, and economical management of cross-chain assets.
Users have access to a unified liquidity network, eliminating typical multi-chain frictions while maintaining the decentralized security of a community-validated protocol.
💰 Utility & tokenomics (HYPE)
The HYPE token fulfills three key functions:
Governance: voting rights on protocol developments, parameters, and fund allocation.
Staking: participation in network security through staking, with rewards from transaction fees.
Incentives: redistribution of fees to liquidity providers to encourage adoption and engagement across multiple chains.
The initial distribution includes strategic pre-sales, a yield farming program for launch, as well as allocations for the community and DAO, with vesting designed to encourage long-term participation.
📊 Market data (as of June 26, 2025)
Current price: ≈ $37.74 USD
24h change: +2.41 %
Market capitalization: ≈ $12.61 billion USD
Rank: #11
Circulating supply: ≈ 333.9 million HYPE
24h trading volume: ≈ $290.6 million USD
Bitcoin supports the dollar? A new macroeconomic paradigm according to Binance
Long considered a hedge against monetary depreciation, Bitcoin now seems to adopt a radically different role. This is revealed in the latest Binance Research report, highlighting a shift in market dynamics: the crypto king, far from behaving as a hedging asset, now appears closely correlated with the US dollar.
A growing correlation between Bitcoin and the dollar
According to Binance analysts, the correlation index between Bitcoin (BTC) and the US dollar index (DXY) has reached +0.25, a historically high level. This figure marks a significant turning point: where BTC was once considered a decoupled or even antagonistic asset compared to the greenback, it now follows its trajectory. This shift is all the more striking as correlation to DXY rarely exceeded +0.10 in recent years.
This evolution illustrates a deep reconfiguration of Bitcoin's position in the macroeconomic landscape. It is partly explained by the mechanics of financial flows, notably institutional, which now more strongly influence market dynamics.
ETFs, stablecoins, and regulation: a "dollar-native" ecosystem
The growing integration of cryptocurrencies into the traditional financial universe plays a central role in this convergence. In just eight days, spot Bitcoin ETFs recorded $2.4 billion in net inflows, proof of growing institutional investor interest. This movement mechanically aligns BTC’s trajectory with macroeconomic signals also influencing the dollar, such as key interest rates or inflation data.
At the same time, the total supply of stablecoins — cryptocurrencies pegged to the dollar — has jumped +22.5% since January 2025, crossing the $250 billion mark. This massive expansion of "dollarized" assets reinforces the idea that the crypto environment increasingly functions as an extension of the USD financial system.
Finally, the recently passed US GENIUS law provides a regulatory framework favorable to this integration, facilitating the development of blockchain-based financial instruments aligned with dollar standards.
Towards a new macro reading of Bitcoin
This paradigm shift has multiple implications. On the one hand, BTC's correlation with tech stocks (Nasdaq) or gold tends to fade. On the other, analysts observe a growing convergence with US bond yields, signaling a strategic realignment of the asset on classical macroeconomic fundamentals.
Can Bitcoin still be considered a disruptive asset in a globalized monetary system, or is it becoming an asset accompanying dominant economic cycles?
