Key Events in Crypto for June 2025

June saw a flurry of activity across government, institutional, and technological fronts in the crypto world. Pakistan unveiled plans to harness 2,000 MW of surplus energy for Bitcoin mining and AI data centres, while also preparing a CBDC pilot to modernise its payment system. In the United Arab Emirates, Emirates Airlines signed an initial agreement with Crypto.com to let customers pay for tickets in cryptocurrency. Ford kicked off a pilot to store legal documents on Cardano’s blockchain, working with Iagon and Cloud Court. In the US, the SEC green‑lit “in‑kind” creation and redemption of Bitcoin and Ether ETFs—promising lower costs and greater market efficiency—and Grayscale won approval to convert its Digital Large‑Cap Fund (holding BTC, ETH, SOL, XRP, ADA) into an ETF. On‑chain, two dormant wallets from 2011 suddenly moved a combined $2 billion in BTC, and Cardone Capital made waves by buying another 1,000 BTC for $100 million, aiming to grow its stash to 3,000 BTC.

1. Government and Institutional Initiatives

1.1 Pakistan’s Mining and CBDC Drive

• The Pakistani government allocated 2,000 MW of surplus power for large‑scale Bitcoin mining and AI data centres—turning wasted energy into value and drawing foreign investment.

• The State Bank of Pakistan confirmed a CBDC pilot launching in July, aiming to regulate virtual assets and partner with Binance.

1.2 Emirates Embraces Crypto Payments

• Emirates Airlines inked an MOU with Crypto.com to let travellers book flights with crypto, signalling the airline industry’s growing interest in blockchain payments.

• This move could accelerate wider adoption of digital currencies across travel and hospitality.

2. Regulatory Breakthroughs in the US

2.1 “In‑Kind” for BTC and ETH ETFs

• The SEC approved in‑kind creations and redemptions for spot Bitcoin and Ether ETFs, allowing fund shares to be exchanged directly for the underlying coins instead of cash.

• This aligns crypto ETFs with other commodity ETPs, cutting trading costs and improving liquidity.

2.2 Grayscale’s Large‑Cap Fund Goes ETF

• Grayscale secured the green light to transform its Digital Large‑Cap Fund—a basket of the top five cryptocurrencies—into an ETF, paving the way for more diversified crypto funds on exchanges.

• The fund’s composition is roughly 80% Bitcoin, 11% Ether, with the remainder in Solana, XRP, and Cardano.

3. Market Dynamics and On‑Chain Activity

3.1 “Awakened” 2011 Wallets

• Two Bitcoin wallets dormant since 2011 each moved 10,000 BTC (over $2 billion USD), highlighting the market impact of whale activity.

3.2 Corporate Bitcoin Accumulation

• Cardone Capital, led by Grant Cardone, snapped up 1,000 BTC for $100 million and plans to boost its holdings to 3,000 BTC, exemplifying the “corporate treasury” trend in real estate.

• Such moves could tighten supply and fuel further institutional demand.

4. Technological and Ecosystem Developments

4.1 Ford on Cardano

• Ford, in collaboration with Iagon and Cloud Court, piloted decentralised legal document storage on Cardano’s blockchain—potentially revolutionising data security and transparency in legal workflows.

These milestones made June a month where traditional infrastructure, government policy, and cutting‑edge crypto technologies increasingly intersected.

Leszko Dalek

For more than 6 years, he has been interested in cryptocurrencies, tokens and blockchain, as well as other modern technologies like artificial intelligence. I have been actively investing for more than 10 years. I have developed hundreds of highly substantive articles and publications for this and many other external portals.