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Bitcoin, Ethereum and XRP Spike as Trump Says Iran, Israel Agree to Ceasefire

Crypto prices spiked early Monday evening as President Donald Trump said on social media that Iran and Israel have agreed to a ceasefire, purportedly putting an end to days of bombing.

"CONGRATULATIONS TO EVERYONE!" Trump wrote on Truth Social. "It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED!"

Bitcoin is up 5% on the day, topping $105,000 following a sudden surge after Trump's announcement.

It's currently priced at $105,550, almost fully recovering to the asset's price on Friday, before its decline over the weekend, CoinGecko data shows.

Cathie Wood's Ark Invest Cashes Out $109 Million Out of Circle Stock as Shares Spike

Ark Invest executed a notable sell-off of Circle shares across multiple ETFs, including Ark Fintech Innovation ETF, ARK Innovation ETF, and the ARK Next Generation Internet ETF. The sale amounted to a total of 415,844 shares. Circle shares surged more than 9% on Monday, closing at $263.45. At that price, the value of Ark's trade totaled $109.55 million.

This move comes as Circle’s stock reached new heights following its announcement of a partnership with Fiserv to develop stablecoin-enabled solutions for financial institutions. The collaboration aims to enhance the adoption of stablecoins within the Fiserv ecosystem.

Strategy Makes Second-Smallest Bitcoin Purchase Since November

Strategy bought $26 million of Bitcoin over the past seven days, the second-smallest weekly acquisition announced by the Michael Saylor-led digital-asset treasury company since he ramped up its cryptocurrency purchases more than six months ago.

The company, formerly known as MicroStrategy Inc., acquired 245 Bitcoin from June 16 to June 22 at an average price of $105,856 each, according to filing with the US Securities and Exchange Commission on Monday. While Strategy has skipped buying some weeks, it was the smallest amount bought since it purchased 130 tokens during the period ending March 17. The Tysons Corner, Virginia-based company owns about $60 billion worth of Bitcoin.

This is also the fourth-straight week Strategy has funded its Bitcoin purchases without selling any common stock. Skeptics of Saylor’s strategy such as short-seller Jim Chanos have raised concern about the large premium the common stock commands over the value of its token holdings.

Trump Media Plans to Buy Bitcoin—And Buy Back Shares, Too

Trump Media and Technology Group, the Donald Trump-backed firm behind social media platform Truth Social, will buy back up to $400 million of the company’s common stock, it announced Monday. 

The firm’s board of directors authorized the move, which it explicitly noted will not alter or pull funds from the $2.3 billion it raised to buy Bitcoin in May. 

"The board took a vote of confidence in our company, our stock, and our strategic plans,” said Trump Media CEO and Chairman Devin Nunes, in a statement. “Since Trump Media now has approximately $3 billion on its balance sheet, we have the flexibility to take actions like this which support strong shareholder returns, as we continue exploring further strategic opportunities."

Pompliano-Led Bitcoin Firm to Go Public Via Cohen SPAC Deal

Anthony Pompliano’s financial services firm has agreed to go public by merging with a blank-check company, and is planning to have as much as $1 billion worth of Bitcoin on its balance sheet.

Pompliano’s ProCap BTC agreed to a combination with Columbus Circle Capital Corp. I, a special purpose acquisition company, according to a statement Monday. The firms raised $516.5 million in non-voting preferred units in a private placement, and the combined company has secured commitments for $235 million of zero-coupon convertible bonds, the statement showed.

The SPAC, whose sponsor is a subsidiary of Cohen & Co., raised $250 million in an IPO in May. Separately, a blank-check company that counts Pompliano as its chief executive officer raised $250 million in an upsized IPO the same month.

Pompliano is a former employee of Facebook, now known as Meta Platforms Inc., who hosts podcasts on business and investing, writes a daily newsletter to 260,000 readers and has 1.7 million followers on X.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Monday was $350.43 million. The total net asset value of Bitcoin spot ETFs is $126.61 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.14%.

Source: SoSoValue

The Bitcoin spot ETF with the highest net inflow on June 23 was iShares Bitcoin Trust ETF (IBIT), with a net inflow of $217.6 million. Following that was Fidelity Wise Origin Bitcoin Fund (FBTC), with a net inflow of 105.66 million, according to SoSoValue.

Source: SoSoValue