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The U.S. may soon see clear rules for crypto. A crypto market structure bill is now expected to be ready by September. Sacks Aim for Completion of Crypto Market Structure Bill by September David Sacks, the AI and crypto czar for President Trump, thanked Senators Tim Scott and Cynthia Lummis for laying out a clear
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US Bitcoin ETF is on fire again with BTC soaring to $95,000 on Tuesday and setting its sights on the $96,000 mark. What’s more, an exciting time is ahead for crypto enthusiasts as analysts are bullish about more upside for digital gold in the coming days.
On Monday and Tuesday, the inflow into Bitcoin ETF stood at $591M and $172.8M, respectively. With BTC now hovering around 50% up year-to-date, markets are cautiously hoping for a breakout past the $96K mark.
Since last week, the surge in Bitcoin’s price has been accompanied by significant inflows. US Spot BTC ETFs have seen hundreds of millions of dollars in inflows recently, bringing total inflows to a record $39 billion since early 2025.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows on Tuesday with $216 million, while all the other funds witnessed either negative or zero inflows. On average, nine of the ten U.S. spot ETFs have seen positive inflows in the last 20 days.
Grayscale’s Bitcoin ETF GBTC has seen a modest $69.9 million outflow, continuing its slow bleed post-conversion, as per the data from Farside Investors.
Meanwhile, macro sentiment is aligning. The Fed is expected to maintain its current stance on interest rates, and inflation fears are cooling slightly. What’s next? All eyes are on the $96K resistance. If Bitcoin clears that, $100K wouldn’t seem too far-fetched. In fact, a recent Matrixport report even hinted at a potential BTC rally to $106K if it breaks through the crucial resistance.
On Tuesday, Bitcoin’s Realized Capitalization also reached an all-time high of $882.2 billion, indicating robust capital inflows and growing investor confidence. Analysts say that such large accumulations of Realized Capitalization have usually preceded considerable BTC price increases.
But let’s not be naive: this is crypto. Volatility is part of the game. Bitcoin ETF flows are uneven, regulatory headlines can crash the party, and leverage remains frothy. Still, for now, the message is clear: Institutions are buying in bulk.
Institutional interest was further fuelled by Cantor Fitzgerald’s announcement of a $3.6 billion crypto venture, Twenty One Capital, backed by SoftBank, Tether, and Bitfinex. The venture plans to launch with over 42,000 bitcoins, making it the third-largest bitcoin treasury.
Recently, the BlackRock BTC ETF achieved a landmark feat by recording nearly $1 billion worth of inflows. Analysts have been predicting that Bitcoin ETF inflows in 2025 could surpass $50 billion, indicating sustained institutional demand.
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XRP price soared 12% in two days, climbing to $2.12 as renewed buying pressure emerged. China’s trade tariffs fueled a Bitcoin-led crypto rally.
Ripple (XRP) price posted considerable gains on Friday climbing as high as $2.17, as China’s tariffs on the US introduce fresh volatility risks.
The global crypto market cap erased losses from Wednesday’s sell-off as China announced retaliatory tariffs on Friday.
Investors now fear these measures could impact revenues of U.S. firms worldwide, with concerns mounting as more countries consider retaliatory actions.
If the U.S. fails to find a diplomatic solution, equities could slide further, accelerating capital rotation into alternative assets.
Investors increasingly view Bitcoin as a hedge against trade policy risks, prompting fund inflows into the crypto market.
According to Coingecko data, the total market cap stabilised around $2.78 trillion, with major assets reclaiming key support levels—Bitcoin at $83,000, Ripple price at $2, and Ethereum breaking above $1,800.
XRP price surged 12.54% in two days, reclaiming the $2.12 level amid strengthening bullish momentum. The rally coincides with an early MACD crossover and a recovery within the Bollinger Bands’ lower boundary.
The Bollinger Bands indicate a potential volatility expansion after XRP touched the lower band at $1.98 and rebounded sharply.
The mid-band resistance at $2.28 aligns with the Volume Weighted Average Price (VWAP) at $2.09, reinforcing a crucial test for sustained upside.
A breakout above these levels could fuel a rally toward $2.58, where the upper Bollinger Band sits.
Meanwhile, MACD lines are narrowing, with the blue line approaching an upward crossover. If confirmed, this would mark a bullish reversal, echoing past rallies from similar levels.
However, Bitcoin price forecast remains a critical factor, as BTC’s next move could influence XRP’s trajectory. If Bitcoin maintains bullish sentiment, XRP could benefit from broader market strength.
Failure to break the $2.28 resistance could trigger another retest of $1.98 support, risking further declines. However, as long as XRP holds above the VWAP, the technical setup leans bullish, suggesting higher probability for further gains.
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As publicly listed companies increasingly consider accumulating digital assets as part of their financial strategies, Bittensor (TAO) is emerging as a strong contender alongside options like Bitcoin, Ethereum, Solana, and XRP.
Experts and recent moves by companies such as Oblong and Synaptogenix reinforce the belief that TAO could become a store of value.
Recently, Oblong, a Nasdaq-listed IT solutions provider, announced its plan to raise $7.5 million through a private stock offering. The funds will support its digital asset and AI strategy, which is based on Bittensor.
According to a press release on June 6, the company will primarily use the money to purchase TAO tokens and to develop the decentralized AI market, including Subnet 0. This strategy aims to generate yield from holding TAO. After the announcement, Oblong’s stock jumped 12%, with nearly 2 million shares sold at $3.77 each.
In addition, Synaptogenix, another Nasdaq-listed firm, revealed its plan to initially acquire $10 million worth of TAO, more than double the company’s current market capitalization.
“Based on our initial review, we believe the fixed market supply of 21 million TAO tokens alongside rapidly increasing global demand for AI development and adaptation makes TAO a compelling cryptocurrency,” Joshua Silverman, Chairman of the Board, said.
Synaptogenix has set a long-term goal to increase its TAO holdings to $100 million. The effort is led by well-known crypto and AI expert James Altucher.
Altucher emphasized that this strategy focuses not just on potential profits from staking and token price growth. It also aims to rebrand the company’s name and stock ticker to reflect its TAO-based digital asset strategy. This demonstrates Synaptogenix’s strong belief in Bittensor’s long-term potential.
Oblong and Synaptogenix’s moves come as other companies are choosing Solana (SOL), XRP, or Ethereum as strategic reserves.
Many industry experts also share a positive outlook on TAO. Their confidence is driven by the fact that Bittensor operates a token economy with a fixed supply, similar to Bitcoin, and incentivizes participation and contributions to the network.
A recent report by BeInCrypto showed that the number of subnets on TAO has reached a new all-time high. Institutional investors are also beginning to eye TAO for its staking returns.
“TAO is the only project that has the necessary ingredients to get to the level of BTC. Top 3 is inevitable,” hedge fund manager Pedro Teixeira, predicted.
According to data from CoinMarketCap, TAO is currently the top altcoin among AI tokens, with a market cap of over $3.8 billion. It also holds a leading position in Grayscale’s AI Sector. Meanwhile, AI tokens continue to be one of the most prominent themes in the market today.
At the time of writing, TAO is priced at $434, up 25% since the beginning of the month. However, to overtake XRP and become a top 3 altcoin—as Pedro Teixeira predicts—TAO’s price would need to increase fivefold.
That said, this expectation may face headwinds. Bitcoin dominance is on the rise again in June, and altcoin season has yet to arrive. Furthermore, some experts warn of risks if the trend of public crypto vehicles spreads widely to altcoins beyond Bitcoin.
The post Bittensor (TAO) Becomes the Next Pick in the Wave of Public Crypto Treasuries appeared first on BeInCrypto.