US Bitcoin ETFs Approach $1 Trillion
Welcome to the Wednesday, June 11, 2025 Daily Tribune ☕️
Hello Cointribe! 🚀
Today is Wednesday, June 11, 2025 and as every day from Tuesday to Saturday, we summarize for you the news of the last 24 hours that you shouldn’t miss!
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡️ Temperature:
☀️ Sunny
24h crypto recap! ⏱
📈 US Bitcoin ETFs Near $1 Trillion
US Bitcoin ETFs record five consecutive weeks of net inflows, including $603M the week of May 13–17, and surpass $1 trillion in cumulative capitalization.
🌍 SG‑Forge Launches "USD CoinVertible" Stablecoin on Ethereum & Solana
SG‑Forge, a subsidiary of Société Générale, introduces USD CoinVertible (USDCV), a dollar-backed stablecoin available on Ethereum and Solana, with BNY Mellon as custodian.
🏛️ US Senate Votes on the GENIUS Act for Stablecoins This Wednesday
The US Senate is preparing to vote today on the GENIUS Act, a major law mandating dollar backing, annual audits, and oversight of stablecoins.
🔐 The SEC, Under Paul Atkins, Confirms Self-Custody as a Fundamental Right
Paul Atkins, SEC chairman, stated that the right to self-custody is a fundamental principle and marks a break from the Gensler era.
Crypto of the day: Axelar Network (AXL)
🧠 Technology and Innovation
Axelar is a blockchain interoperability protocol that enables developers to easily connect applications across different chains (Ethereum, Cosmos, Avalanche, etc.). It offers a decentralized network, an SDK, and smart contracts enabling secure cross-chain data and asset transfers without the need for external bridges. With a focus on security and reliability, Axelar is designed to become a centralized Web3 communication infrastructure, facilitating the development of multi-chain applications.
💰 AXL Token – Utility & distribution
The AXL token is a key element of the network:
Fee payment: used for cross-chain communication services.
Staking: participation in network security and transaction validation.
Governance: voting rights for protocol upgrades.
Distribution includes allocations for the initial launch, strategic investors, and the team, with vesting mechanisms to prevent opportunistic behavior.
📊 Market data (as of June 10, 2025)
Current price: $0.49 USD
24h change: -14.7%
Market capitalization: ~481 Million $
CoinMarketCap rank: #122
Circulating supply: 982 Million AXL
24h trading volume: ~600 Million $
Slow erosion of the dollar: why the euro could impose itself in a new monetary order?
The US dollar, a historic pillar of the international monetary system, is undergoing a phase of relative decline. Against the euro, the American currency has lost more than 11% since the beginning of 2025. This depreciation, far from being anecdotal or cyclical, reveals structural weaknesses of a model running out of breath: uncontrolled federal debt, declining attractiveness of Treasury bonds, and geopolitical weakening.
In contrast, the euro benefits from a clearer backdrop, a strategic resurgence orchestrated by the ECB, and unprecedented European diplomatic alignment. This gradual shift could mark the onset of a new global monetary hierarchy cycle.
The dollar facing its fundamental contradictions
Since the end of the strong dollar hegemony post-COVID, several dynamics compromise its stature as a global safe-haven currency:
Explosive twin deficit: The United States simultaneously shows an abyssal trade and budget deficit. The Treasury issues at a steady rate while the Fed maintains high rates, stifling foreign demand for US debt.
Progressive disengagement of foreign central banks: The share of global reserves denominated in USD has fallen below 58%, the lowest in 30 years. China, India, and Russia pursue their dedollarization strategy.
Loss of geopolitical trust: The latent trade war with Europe, internal fiscal uncertainties, and tensions around the debt ceiling fuel distrust towards US leadership.
Trump’s recent threat to impose 50% tariffs on European products acted as an additional catalyst for this distrust and reinforced the thesis of a structural isolation of the United States on the monetary stage.
The euro benefits from an unprecedented strategic momentum
Conversely, the European single currency enjoys a much more coordinated and anticipated dynamic:
The ECB adjusts without breaking: By lowering its rates to 2%, while signaling the near end of the easing cycle, it reinstates the euro on a credible trajectory for long-term investors. The euro remains remunerative without being inflationary.
A coherent macro narrative: The relative political stability of the eurozone, the German industrial recovery, and common energy expansion strengthen the bloc’s economic cohesion.
Euro internationalization strategy: Christine Lagarde and Isabel Schnabel actively promote a Euro-strategy via joint sovereign bond issuance and digitization of the TARGET system. The objective is clear: to make the euro a systemic alternative to the dollar.
The single currency has thus touched 1.15 USD, its highest level in several years. But beyond technical thresholds, it is the geopolitical reconfiguration of foreign reserve currencies that is beginning to shift.
The decline of the dollar against the euro fits into a deep monetary recomposition, where the greenback gradually loses its strategic centrality while the euro gains in depth, coherence, and global reach.
The opening cycle will not be brutal but progressive. However, it will mark a major change for central banks, international financial institutions, and global investors: the necessity of a real diversification outside the dollar becomes a structural requirement, not a cyclical gamble.
