Arrest, Detention Of Binance Executives A Proof That Govt Is Working — Obanikoro
Former Minister of State for Defence, Musiliu Obanikoro, has said that the arrest and detention of two executives of cryptocurrency trading website Binance is an evidence that the President Bola Tinubu administration is working to stem security challenges in Nigeria. Obanikoro, a former lawmaker who represented Lagos Central Senatorial District from 2003 to 2007…
Former Minister of State for Defence, Musiliu Obanikoro, has said that the arrest and detention of two executives of cryptocurrency trading website Binance is an evidence that the President Bola Tinubu administration is working to stem security challenges in Nigeria. Obanikoro, a former lawmaker who represented Lagos Central Senatorial District from 2003 to 2007… Read More
Whale bought about 200 million DOGE near the $0.07 support. Dogecoin has stayed below its 20-day EMA for a record 65 days. Bulls must reclaim $0.075-$0.08 to improve momentum. Dogecoin has struggled to keep pace with the broader cryptocurrency market, even as Bitcoin and several large-cap digital assets have posted stronger performances in recent weeks…
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Whale bought about 200 million DOGE near the $0.07 support. Dogecoin has stayed below its 20-day EMA for a record 65 days. Bulls must reclaim $0.075-$0.08 to improve momentum. Dogecoin has struggled to keep pace with the broader cryptocurrency market, even as Bitcoin and several large-cap digital assets have posted stronger performances in recent weeks… Read More
Growing interest in stablecoins and tokenisation suggests advisers are evaluating crypto through the lens of financial utility and adoption. The post Financial Advisors Pivot Beyond Bitcoin as Stablecoins and Tokenisation Take Center Stage appeared first on Crypto News Australia…
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Growing interest in stablecoins and tokenisation suggests advisers are evaluating crypto through the lens of financial utility and adoption.
The post Financial Advisors Pivot Beyond Bitcoin as Stablecoins and Tokenisation Take Center Stage appeared first on Crypto News Australia… Read More
Markets Corporate bitcoin buying has collapsed from $500 million per day to almost negligible ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness. By Omkar Godbole Updated Jun 11, 2026, 9:25 a.m. Published Jun 11, 2026, 5:16 a.m. 2 min read Make preferred on Share Share
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Corporate bitcoin buying has collapsed from $500 million per day to almost negligible
ETF outflows have dominated the narrative but corporate bitcoin treasuries have gone quiet too, compounding the demand-side weakness.
By Omkar Godbole
Updated Jun 11, 2026, 9:25 a.m. Published Jun 11, 2026, 5:16 a.m.
2 min read
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DAT buying has slowed sharply this month. (Adam Smigielski/Unsplash)
Summary
Bitcoin’s slide from about $74,000 to below $60,000 has coincided with a sharp pullback in buying from both spot ETFs and corporate digital asset treasuries.
While corporate treasury firms remain net bitcoin buyers, their daily purchases have dropped from peaks above $500 million earlier this spring to minimal levels this month, removing a key source of demand.
U.S.-listed spot bitcoin ETFs have recorded more than $5.7 billion in net outflows since mid-May.
Bitcoin BTC$64.558,75 has lost buyers on two fronts.
The exodus from spot ETFs as a catalyst for the recent bitcoin price swoon is well documented. Less discussed is the equally steep drop in buying by digital asset treasuries, or firms whose core business is accumulating bitcoin as a treasury asset.
“As BTC broke down from the mid-$70Ks toward $60K, net inflows from corporate treasury firms fell sharply, with daily purchases slowing to a fraction of their recent pace,” analysts at Glassnode said in the latest market update.
“While companies remain net buyers overall, the decline in accumulation suggests this cohort is becoming more cautious, removing another source of marginal demand at a time when broader market sentiment remains weak,” they said.
Daily purchases by DAT firms, smoothed using a 7-day moving average. (Glassnode)
The green and red bars show the dollar value of daily net purchases by digital asset firms since June 2025, smoothed using a seven-day moving average.
The DAT demand has pretty much evaporated this month, down significantly from multiple instances of over $500 million in daily accumulation observed through April and May.
That partly explains BTC’s quick slide from $74,000 to under $60,000 last week.
Some analysts believe the sell-off was mainly catalyzed by Strategy, the world’s largest publicly listed BTC holder, disclosing that it sold 32 BTC in the final week of May. The firm, however, returned to the market during last week’s sell-off, snapping up BTC worth around $100 million. But that failed to keep prices from falling below $60,000.
As of writing, bitcoin changed hands at around $62,500.
The U.S.-listed spot ETFs remain another major headwind, continuing to bleed capital and reducing the odds of a sustained price rebound. On Wednesday, the 11 funds posted an outflow of $213.85 million, according to SoSoValue. Total redemptions have exceeded $5.72 billion since the second week of May.
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XRP ETF products continue attracting investor capital despite persistent outflows from Bitcoin and Ethereum funds. XRP-linked ETFs recorded $7.44 million in net inflows on June 9, lifting total assets under management to nearly $1 billion. While ETF demand remains strong, XRP price action stays weak, leaving investors watching for a potential rebound…
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