Crypto Daily|Coinbase Named TIME "Disruptor"; BOK Halts Digital Currency Project As Stablecoins Gain Momentum

Tiger Newspress
30 Jun

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.

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Coinbase Named TIME ‘Disruptor’ as Stock Soars 42% on Crypto Policy Wins

TIME has named Coinbase one of 2025’s 100 Most Influential Companies, highlighting the crypto exchange as a “disruptor” for its aggressive policy advocacy in Washington and growing impact on US digital asset markets.

The recognition follows a sharp 42% year-to-date surge in Coinbase’s stock, which climbed from around $303 to a high of $382 after the Senate passed the GENIUS stablecoin bill on June 17.

TIME noted that Coinbase, which in May became the first crypto stock added to the S&P 500 index, is “a key driver of the industry’s policy efforts in Washington D.C.”

Michael Saylor Signals New Bitcoin Acquisition For Strategy

After 11 consecutive weeks of relentless Bitcoin buying, Strategy (formerly MicroStrategy) is bracing for another purchase announcement. Michael Saylor has dropped a clue for an incoming purchase that can send Strategy’s holdings above 600,000 BTC.

Strategy founder Michael Saylor has shared the leading indicator for an incoming Bitcoin purchase for the company. In an X post, Saylor shared the Strategy’s portfolio tracker, revealing the company’s Bitcoin holdings, buying streak, and a caption urging followers to accumulate the flagship cryptocurrency.

BOK Halts Digital Currency Project As Stablecoins Gain Momentum

South Korea’s central bank has halted its digital currency pilot program, signaling diminishing enthusiasm for state-led digital currencies as President Lee Jae Myung’s drive to promote a broader private-sector role for stablecoins gains momentum.

The Bank of Korea has temporarily suspended preparations for the second phase of its pilot initiative testing program for a central bank digital currency, which had been scheduled for the fourth quarter, a BOK official told Bloomberg News.

The decision comes as the trajectory of the market for stablecoins has emerged as a key agenda item for President Lee, who took office earlier this month. Lee has sought to make it possible for a broad range of companies to get involved in stablecoins. A proposed bill by the ruling party would allow firms with equity as low as 500 million won ($370,000) to issue won-based stablecoins.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Friday was $501.27 million. The total net asset value of Bitcoin spot ETFs is $133.17 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.25%.

The Bitcoin spot ETF with the highest net inflow on June 27 was Fidelity Wise Origin Bitcoin Fund , with a net inflow of $165.52 million. Following that was iShares Bitcoin Trust ETF , with a net inflow of 152.95 million, according to SoSoValue.

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