The Daily Drip

June 10, 2025

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📰 The Daily Drip – Tuesday, June 10, 2025

Your go-to daily crypto briefing—fresh, fast, and forward-looking.

S&P Cryptocurrency Broad Digital Market Index:

Price 5,837.71 | +4.23% 24h | +0.74% YTD

🔥 Top Story

SocGen to Launch USD-Pegged Stablecoin “USD CoinVertible”
Société Générale’s crypto arm, SG‑FORGE, is entering the stablecoin game with USD CoinVertible (USDCV)—a dollar-backed token built on Ethereum and Solana. Trading is set to commence in July, backed by BNY Mellon custodian services. This marks a milestone as the first major European bank to issue a USD-pegged crypto asset, following its previous EUR token debut last year.
🔗 Read the full story (reuters.com)

📈 Market Dynamics

  • $438M in ETF Inflows: June 9 saw a massive rally in institutional confidence, with Bitcoin and Ethereum spot ETFs collectively drawing in $438 million. Bitcoin alone added $386M, the largest daily inflow this month.
    🔗 More on inflows (ainvest.com)

  • Crypto Markets Surge: Nearly 98 of the top 100 coins are in the green thanks to ETF demand and regulatory clarity, pushing crypto’s total market cap up 1.8% in the past 24 hours.
    🔗 Full market breakdown (tradingview.com)

📊 ETF Flow Watch

  • Fidelity & BlackRock Lead: On June 10, Bitcoin ETF inflows reached $391M—Fidelity (FBTC) adding $174M and BlackRock (IBIT) another $120M. Ethereum ETFs also saw strong $61M inflows.
    🔗 ETF inflow results (blockchain.news)

🔍 Technical Highlights

  • Bitcoin (BTC): Hovering just under $111K, BTC shows momentum but may face resistance around $112K–$113K—watch for a breakout.

  • Ether (ETH): Recovering strongly thanks to ETF interest; $2,800 remains key short-term resistance.

  • Solana (SOL): Recently reclaimed $158 support.

*Not investment advice

🌍 Regulatory Spotlight

📅 Coming This Week

  • 🗓 June 10 – U.S. CPI report release

  • 🗓 June 11 – Trading expected to begin for ETH spot ETF

  • 🗓 June 17 – Consensus Singapore crypto conference

📣 Community Pulse

  • Poll: Did today’s ETF inflows change your conviction in crypto?
    Vote here

  • Ask Atlas: Got a burning question? Submit it
    Here

⚠️ Disclaimer

This newsletter is for informational purposes only and is not investment advice. Please do your own research.