June 16 was a scorching day to crypto industry. Bitcoin shot up to about 106,800, with the investors considering it a digital gold in the face of world tensions. As a whopping $1.9 billion while in crypto funds last week, not to mention more than a billion dollar in spot BTC ETFs, the message is loud and clear: big money has returned, and it is going to be buying on the dips.
But BTC was not the only celebrity. The UNI token of uniswap increased by more than 7 percent and topped $7.70 with a possible breakout to the $10. Solana jumped by 7.7%, Ethereum traded near 2800 once again and XRP is tinkling despite its long-running case with SEC over which has won the case.
The most exciting thing is the institutional adoption fever. One of them, backed by Donald Trump, has added crypto to its balance sheet, along with other publicly affirmed companies. That is not hype; that is strategy. In the meantime, Coinbase and Gemini are preparing to operate in entire Europe obtaining licenses in the light of the new European MiCA regulatory framework.
Technologically, Optalysys, a UK-based company left jaws on the floor with the presentation of its blockchain server, which runs off fully-homomorphic encryption, called LightLocker. Translation? It is able to process encoded data without decryption. Sci-Fi, but factual, and it can be financed.
In brief, the market is awakening. As inflows increase, altcoins being pumped and institutions purchasing, the crypto story is changing rapidly. What is the next bull wave? It may be already rolling.
