Bitpush Weekly Web3 News Selection:
BlackRock's Spot Bitcoin ETF Assets Exceed $70 Billion, Setting Fastest Growth Record】
According to The Block, BlackRock's Bitcoin spot ETF fund "IBIT" has made history again. Within just 341 trading days, the fund's Assets Under Management (AUM) has surpassed $70 billion, becoming the fastest ETF to reach this milestone.
Bloomberg senior ETF analyst Eric Balchunas revealed that IBIT's speed is 5 times faster than the previous record holder, SPDR Gold Trust (GLD), which took 1,691 days to reach the same scale.
Currently, IBIT leads the Bitcoin fund category with over $70 billion in AUM, with Fidelity's Bitcoin ETF ranking second with approximately $31 billion in assets. IBIT has previously achieved 34 consecutive trading days of capital inflow.
The IBIT fund was launched in January 2024, and by April of the same year, IBIT had held 2.8% of the total BTC supply. BlackRock only holds these BTC on behalf of its clients.
【GameStop Plans to Issue $1.75 Billion in Stock to Fund BTC Acquisition】
GameStop announced on Wednesday that it will issue $1.75 billion in 0.0% convertible senior notes, aimed at raising funds for potential BTC purchases. The company also plans to grant the initial note purchasers the option to buy additional notes with a principal amount of up to $250 million.
The company stated that it plans to use the net proceeds from this issuance for general corporate purposes, including investments that comply with its latest investment policy and potential acquisitions. As early as March, the company updated its "investment policy" to add BTC as a treasury reserve asset.
GameStop's latest financial report showed a year-on-year sales decline, with first-quarter revenue dropping 17% to $732.4 million, lower than the previous year's $881.8 million.
【SEC Requests Solana ETF Issuers to Modify S-1 Form, Potential Approval in 3-5 Weeks】
According to Blockworks, citing sources familiar with the matter, the SEC has requested Solana ETF issuers to modify their S-1 form and may approve it within 3-5 weeks.
【GameStop: Purchased 4,710 BTC with Cash between May 3, 2025, and June 10】
The publicly listed company GameStop (GME.N) announced that it purchased 4,710 BTC with cash between May 3, 2025, and June 10.
【US Senate Votes to Pass the GENIUS Act】
The US Senate passed legislation regulating stablecoins with a vote of 68 to 30, preparing for a final vote.
On Wednesday, the Senate voted to end debate on the "Guiding and Establishing National Innovation for Stablecoins Act" (GENIUS). Ending debate is a procedural move to clear the way for further discussion. Senate Banking Committee Chairman Tim Scott, a co-sponsor of the bill, stated that the bill is a major victory for innovation and national security, highlighting bipartisan cooperation.
The House has not yet voted on the bill. Both the Senate and the House must reach a consensus on their respective bills. The two chambers differ in their approach to regulating issuers at the state and federal levels, and they also have disagreements on how to regulate foreign issuers like Tether.
【SEC Delays Decision on Dogecoin, Hedera, and Avalanche ETF Listings】
The US Securities and Exchange Commission has postponed decisions on a series of spot Altcoin ETFs, including the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF. The agency wrote in each document: "This does not indicate that the Commission has drawn any conclusions on any of the issues involved. Instead, the Commission seeks and encourages comments on the proposed rule changes."
【Shopify Collaborates with Coinbase and Stripe to Promote USDC Stablecoin Payments】
According to two announcements released on Thursday, Shopify has partnered with Coinbase and Stripe to help merchants more easily accept payments in Circle's USDC stablecoin.
Stripe stated in a press release: "Shoppers will be able to use USDC payments on Base with their preferred crypto wallet. By default, Stripe will allow merchants to receive stablecoin payments in their preferred local currency and deposit them into their bank accounts like any other payment."
Stripe said this service will be available to Shopify merchants in 34 countries/regions. Stripe noted that stablecoin payments have settled over $94 billion in the past two years. "During this period, monthly payment amounts have grown from less than $2 billion to over $6.3 billion".
【Trump Media Group Receives SEC Approval, $2.3 Billion BTC Reserve Plan Officially Effective】
Trump Media & Technology Group (DJT), the operator of social media platform Truth Social, streaming platform Truth+, and fintech brand Truth.Fi, announced on Friday that its previously submitted Form S-3 registration statement was approved by the US Securities and Exchange Commission (SEC) on June 13, 2025. Subsequently, Trump Media has submitted the corresponding final prospectus to the SEC.
According to the company's previous disclosure of debt and equity agreements with approximately 50 investors, the transaction raised about $2.3 billion, and Trump Media stated that this is one of the largest BTC reserve plans among public companies.
The company also stated that the registration statement includes a universal shelf registration aimed at providing broader financing flexibility for the company's future growth strategy. Trump Media currently has no immediate plans to issue any securities through this shelf registration.
【10x Research Founder: If BTC Breaks Below $100,000 Key Support, May Return to Broad Consolidation Phase of Last Summer】
10x Research founder Markus Thielen pointed out that BTC breaking below $106,000 means a failed breakthrough, and traders should wait for a more favorable setup before rushing to buy. He emphasized that the $100,000-$101,000 area is a key support level and warned that breaking below this area could signal a return to a broader consolidation phase similar to last summer.
【Iran Launches Fourth Wave of Missile Attacks on Israel】
According to Iran's Fars News Agency, Iran has launched a new round of missile attacks on Israel. Reuters witnesses reported loud explosions in Jerusalem. Iranian Islamic Revolutionary Guard Corps senior commander Ahmad Vahidi stated that Iran's attack on Israel is codenamed "True Promise 3 operation" and will continue as long as necessary.
Twitter: https://twitter.com/BitpushNewsCN
Bitpush Telegram Group: https://t.me/BitPushCommunity
Bitpush Telegram Subscription: https://t.me/bitpush
