Crypto is shifting into the heart of finance
11 June 2025
Every week, Amdax summarizes what’s happening in the crypto market for you. Want to dive deeper? Click on the links in this email for more insights.
This newsletter is a co-production with our partner, Bitcoin Alpha.
Stay informed in three steps:
1. Bitcoin Approaches Record High Again
Bitcoin quickly rebounded from last week's brief dip below $100,000. The price is now hovering around $110,000, just a few percent below the all-time high of $112,000. Notably, dips are being bought up rapidly, indicating strong demand. For now, prices below the symbolic $100,000 threshold appear unlikely.
2. Ether ETFs Show Consistent Inflows
U.S.-based Ether funds have seen steady inflows for 17 consecutive days, totaling nearly $850 million since mid-May. This indicates structural interest rather than opportunistic buying. At the same time, the broader altcoin market is starting to heat up. The crypto-friendly stance of the U.S. regulator seems to be playing an encouraging role in this trend.
3. Altcoins Lag Behind, but Show Signs of Recovery
Since the launch of the Bitcoin ETFs, BTC has risen by about 150%. In stark contrast, the ‘OTHERS’ index—covering crypto assets outside the top 10—is only up 10% since the start of 2024. Still, optimism for a recovery is growing. The recent correction appears to be ending, and the current setup resembles earlier phases like October 2023 and November 2024, during which altcoins rallied strongly after a period of consolidation.
Signal from the noise:
Apple, Google, X, and Airbnb are in active discussions with crypto companies to integrate stablecoins into their payment infrastructure. The goal: lowering transaction costs and making cross-border payments more efficient. Google Cloud already accepts payments in PayPal’s PYUSD stablecoin, while X is collaborating with Stripe to develop stablecoin functionality. Airbnb is holding talks with Worldpay to enable stablecoin payouts, and Apple is exploring integration with Circle’s USDC.
Amdax’s Take
Bitcoin is edging closer to its highest price ever, fueled by sustained inflows into ETFs and a growing number of companies adding bitcoin to their balance sheets. Ether, too, continues to attract capital. But the most striking signals are coming from the traditional financial world: JPMorgan is accepting bitcoin ETFs as collateral, Circle made a spectacular stock market debut, and Big Tech is exploring stablecoin integration.
The market is not only rising in price—it is maturing. The institutional infrastructure around crypto is rapidly taking shape, and sooner or later, that progress will be reflected in asset valuations.
We use cookies to personalize content and advertisements, to offer social media features and to analyze our website’s traffic. We’ll also share information about your usage with our partners for social media, advertising and analysis. These partners can combine this data with data you’ve already provided to them, or that they’ve collected based on your use of their services.