Bitget Has Launched Stock+
Bitcoin traded sideways between $62K and $64K over the weekend, while spot BTC ETFs extended their outflow streak with $90.7M exiting on Friday.
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In Today’s Note
BTC traded sideways over the weekend between $62K and $64K, while Bitcoin and Ethereum ETFs continued to see outflows and perp funding stayed around neutral.
US-Iran talks remained fragile, with conflicting reports over whether negotiations had stalled, while Brent traded around $79 and the renewed Lebanon-Israel ceasefire continued to hold.
Schwab is reportedly working on S&P 500-linked binary options, while Japan’s National Business Pension Fund prepared a crypto allocation, Toss Bank partnered with Solana on stablecoin remittances, Bitget launched Stock+, Taiko halted block production after an exploit, and the Bank of England published draft rules for systemic stablecoins.
Market Snapshot: Overnight Moves
Macro & Markets
Bitcoin spent the weekend trading sideways between $62K and $64K as Spot Bitcoin and Ethereum ETFs continued their outflow streak on Friday, with $90.7M exiting Bitcoin ETFs.
US equities were closed for the Juneteenth holiday last Friday, though S&P 500 futures are down slightly today, as US-Iran peace talks over the weekend began with a rough start.