📰 NEWSLETTER #8 - FOMO of the Week – June 6th, 2025 BTC remains the golden child. 👇
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1/ 📊 Crypto Fear & Greed Index: 62 (GREED) Down from 64 last week: some nerves after the Trump–Musk face-off.
2/🏛️ Institutional Momentum Grows: • JPMorgan now accepts BTC/crypto ETFs as loan collateral • California Assembly passes bill to accept BTC for state payments (68–0) • UK lifts national ban on Bitcoin & crypto ETFs
3/🌍 Bitcoin Goes Global: • South Korea prepping Bitcoin banking legislation • Russia’s stock exchange launches BTC futures • 74,963 BTC withdrawn from exchanges this week (Only 2.1M BTC left circulating on CEXs 👀)
4/📉 BTC Activity Drop: Despite bullish news, on-chain BTC activity hit its lowest since Oct 2023.
5/📈 Altcoins Reawakening: • Renewed institutional interest (especially ETH) • Signs of a “risk-on” shift among traders
6/🔥 Solana Keeps Winning: • Solana ETF registered in Delaware 🇺🇸 • $650M+ bridged to SOL in May • @pumpdotfun : 3,566 creators earning rev-share
7/📦 News You Might’ve Missed: • Circle stock up 300% since IPO • Uber exploring stablecoin payments • Deutsche Bank considers launching its own stablecoin • X partners with Polymarket • ETH ETFs: 21 days of straight inflows • BlackRock bought 214,000 ETH since May 11 🤯 • PayPal’s PYUSD supply nearing $1B
10/🧠 Jeff’s Take (@DigitalRoamad): "Will Bitcoin replace the dollar? Most people laugh. History doesn’t. When fiat collapses, value migrates. And in that moment, Bitcoin becomes king. Pack it away now, while you still can."
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