Daily Market Dispatch – June 9, 2025 Crypto markets are holding key levels, powered by relentless ETF inflows and a wave of institutional breakthroughs. Bitcoin is flexing just below $107,000, and Ether is holding the $2,500 pivot, as post-Pectra network upgrades and Circle’s IPO buzz ignite fresh optimism. Meanwhile, billion-dollar Bitcoin treasury plans and whispers of Apple–Airbnb stablecoin ties are fanning the flames of confidence. Even against a backdrop of U.S.–China trade optimism, domestic unrest, and China’s deepening deflationary cycle, capital continues to rotate into new products and protocols – proof that crypto’s innovation engine is firing on all cylinders. Bitcoin Bitcoin remains rangebound, hovering just below $107,000 as it digests a week of contrasting signals and a recovery from Friday’s $100,000 dip amid escalating tensions between President Trump and Elon Musk. On-chain data remains stable with ETF flows appearing unaffected – Bitcoin spot ETFs saw $135.9 million in net inflows over the past four sessions, despite two days of outflows late last week. Separately, Michael Saylor addressed the topic of quantum computing, framing it as a distant challenge and reaffirming Bitcoin’s long-term resilience as a strategic asset. Ethereum & Altcoins Ether is holding firm above $2,500, with developers with network participation surging since the Pectra rollout, with more validators coming online and operational decentralization improving. Layer 2 momentum is also building: DOGE and XRP are now trading on Base, an Ethereum L2, offering users lower fees and faster settlement. Aave has launched a new “umbrella staking” model with real-time slashing, aiming to boost capital efficiency and risk control. The update intensifies the competition between sGHO, Aave’s standard stablecoin, and stkGHO – its staked yield-bearing variant, as the protocol moves beyond simple lending into more dynamic DeFi structures. Gaming tokens also saw fresh traction. BONK announced a partnership with FIFA Rivals, bolstering Solana's presence in Web3 gaming and underlining how meme assets continue to explore utility-driven longevity. Institutional Flows Stablecoin narratives are still in the spotlight. Apple and Airbnb exploring stablecoin integrations sent waves through payments circles, as firms look to reduce cost friction. Circle, fresh off its $1.1B IPO, is expected to be a major beneficiary of this momentum. Sony, meanwhile, entered the blockchain infrastructure space with the launch of Soneium, its Layer 2 incubator for crypto-native games. The move aligns with Japan’s broader pivot toward Web3 industrial strategy. Corporate treasury activity continues to expand: Strategy is launching a $1 billion offering to boost BTC purchases, and World Liberty Financial announced it will add the $TRUMP coin to its treasury. Looking Ahead Investors head into the week watching several key themes: markets are still digesting Friday’s U.S. jobs report – which came in hotter than expected – and what it implies for rate policy, while renewed U.S.–China trade talks are lifting global sentiment. Meanwhile, deflation concerns in China, political tensions in the U.S. keep macro and legislation developments in sharp focus. On the crypto-native front, eyes are on potential stablecoin integration announcements and how they may build on the momentum. — Stella Zlatareva, Nexo Dispatch Editor For informational purposes only; not financial or investment advice.