From conflict to clarity: Why crypto’s still holding strong
Geopolitical tension in the Middle East shook global markets this month. Oil prices surged briefly as investors grew cautious and moved away from riskier assets. Bitcoin dipped—but didn’t fall apart. Despite the volatility, BTC remains above $100,000 USD, a sign of how much the crypto market has matured.
And that’s just the start. From tokenised real-world assets (RWA) hitting $24 billion, to JPMorgan launching new tools on public blockchains, to clearer regulation in countries like Vietnam and India—this could be one of the most important quarters in crypto history.
Here’s what’s making headlines (and what it means for long-term investors like you):
Tokenised Real-World Assets (RWA) Reach $24B: Wall Street’s Not Dipping a Toe—They’re Cannonballing In.
According to Forbes (June 20), tokenised real-world assets (RWA) have grown to $24 billion, up from $5B in 2022—a 380% increase in three years. These aren’t just niche products either. U.S. Treasuries, corporate bonds, and private credit are being tokenised, with Ethereum leading the charge. Major firms like BlackRock and Apollo are now active participants.
Why is this important?
- Institutional investors are moving in, bringing serious capital and validation
- Tokenised bonds may compete with stablecoins by offering yield and stability
- Ethereum, Solana, Avalanche, and others are becoming hubs for tokenised real-world assets (RWA) innovation
- More adoption means more regulation but also clearer rules
- Fractional ownership means more people can access high-quality assets
JPMorgan Launches JPMD on Base: USD Tokens on Public Rails
JPMorgan has launched a USD deposit token, JPMD, on Coinbase’s Base blockchain. This marks their first major use of a public blockchain. Unlike JPM Coin, which was used only within the bank, JPMD can be used by institutional clients to move real dollars 24/7.
Why this matters?
- Brings regulated institutions onto public crypto infrastructure
- Challenges existing stablecoins with compliance and potential interest benefits
- Strengthens Base as a platform for institutional adoption
- Moves us closer to 24/7 banking and programmable finance
TradFi’s not sidestepping crypto anymore. It’s building inside it.
June 22: Bitcoin Dips Below $100K as Oil Prices Surge
Bitcoin briefly dropped below $100,000 for the first time in over a month as oil prices spiked and financial markets responded with caution. The cause? Rising tensions around Iran’s threat to block the Strait of Hormuz, a key route for global oil transport.
But here’s what matters: Bitcoin dipped. It didn’t crash. The market didn’t unravel. In 2025, BTC is still tightly tethered to global macro events, but it’s no longer the panic button it once was.
This was a test. Bitcoin passed. Again.
EU Exchanges to Delist USDT as New Regulation Hits
Europe’s getting serious about crypto compliance—and Tether’s first on the chopping block.
Under the new Markets in Crypto-Assets (MiCA) regulations, exchanges like Binance and OKX are preparing to delist USDT in the EU. This may reduce liquidity and increase volatility for European crypto users as they shift to alternatives like USDC or euro-pegged stablecoins.
What used to be the default on-ramp is now becoming a regulatory liability.
The takeaway? Regulation brings clarity but it can also take away your favourite liquidity pair
JPMorgan Unlocks Crypto Credit: Bitcoin ETFs Now Loan Collateral
On June 4, JPMorgan took another bite out of the crypto taboo: it’s now letting clients borrow against Bitcoin ETF shares, including BlackRock’s iShares Bitcoin Trust. This applies to both wealth management and trading clients.
Translation: Bitcoin is now creditworthy.
Pakistan Goes Big: Bitcoin Reserve and 2,000 Megawatts for Mining
Pakistan plans to establish a national Bitcoin reserve and allocate 2,000 megawatts of electricity to crypto mining and AI data centers.
The initiative is supported by the Pakistan Crypto Council and Changpeng Zhao (CZ), the former CEO of Binance, aims to monetize excess electricity, draw foreign investment, and leapfrog the digital infrastructure curve.
Four-paws Clarity Incoming
We’re not calling it the Golden Age just to be dramatic. The U.S. is stacking clarity across four fronts—regulatory, legislative, banking, and accounting—and it’s changing everything.
First came the GENIUS Act (yes, that’s really what they called it), followed by the long-awaited spot-Bitcoin ETFs, then updated banking guidelines for digital assets, and now fresh FASB (Financial Accounting Standards Board) accounting rules that finally let corporates mark crypto holdings at fair value.
Individually, each move is big. Together? They’re a blueprint.
India Warms Up: From Crypto Freeze to Policy Thaw
After years of treating crypto like a contagious disease, India is finally cracking a window open. Following a brutal 2–3 year clampdown—complete with a 30% capital gains tax and 1% tax deducted at source (TDS) that nuked trading volume by nearly 90%—the government and industry leaders are now discussing possible tax reforms.
Lobbyists are pushing hard for tax relief, and regulators seem… less allergic. It’s not a full embrace yet, but it’s no longer a cold shoulder either.
Vietnam Unleashes Crypto Clarity: Legal Framework Incoming, Tax Bone in Tow
Vietnam is developing a legal framework to regulate crypto ownership and trading. Crypto remains banned as a payment method, but trading is expected to be allowed under clear new rules.
The entire plan? The government is working on laws around licensing, taxes (including value-added tax and capital gains tax), and anti-money laundering. Because no one regulates without taking their cut.
Why it matters:
- 1 in 5 Already In: Vietnam’s not starting from zero. Over 20% of citizens hold crypto, with $1.2B in profits booked in 2023 alone.
- Framework = Confidence: Traders and businesses will finally know the rules. That means fewer rug pulls—and more capital formation.
- Southeast Asia Watch: Vietnam’s move could nudge other Association of Southeast Asian Nations (ASEAN) countries to stop playing wait-and-see.
How Are We Doing This Month? The Pack’s Holding Its Line.
Markets tossed us a juicy bone in June and we caught it mid-air. While the macro environment tested nerves (oil shocks, USDT delist fears, and Bitcoin’s flirtation with sub‑$100K), our portfolio stayed disciplined and dialed in.
SUI stole the spotlight this month. It’s been our alpha pup—agile, aggressive, and nipping at market inefficiencies. Meanwhile, ETH held steady at 11.2% of the portfolio. No flash, just classic tail-wag reliability. It’s the Labrador of crypto: loyal, proven, and built for the long game.
ARB is starting to sniff upward, and RUNE is pacing again, tail high. No full-on zoomies just yet, but the energy’s rising. We’re watching closely and sometimes the biggest runs start with a low growl.
This month, it wasn’t about chasing heat. It was about staying sharp while the market blinked. That’s how you survive the noise and dominate when the pack starts to move.
Fund Updates
BOS chart vs SP500
BostonCoin (BOS)
Current Price: $64.878986 USD
Recent standouts in the portfolio:
- XRP: +462%
- SUI: +352%
- RXS (Rexas Finance): +663%
- SLC (Superloop, ASX-listed): +216%
DART chart vs SP500
DARTcoin Fund
Current Price: $158.567428 USD
Strong performers:
- SPX: +8,436%
- TRX: +218%
- Venom: +140%
- Gate: +195%
Other Fund Prices:
- RAFAH: $112.38338 USD
- POLLYcoin AI: $125.9187 USD
- OYSHER: $95.4812 USD
- ASHIRVAD: $96.2687 USD
That’s it for the end of June. Happy new financial year if you are in Australia. For everyone else, you are halfway through 2025, and technically, you are closer to 2050 than you are to 2000. WOW!
We will add a small update for mid-July as markets and technology are moving far more swiftly now, as is crypto legislation. Larger updates will always be at the end of the month, or a few days into the new month.
If you feel you are getting too many emails, feel free to delete or skip the “mid-month update” and wait for the end-of-July edition.
Keep sending in your feedback (yes, we do read every message!) and tell your friends: the cat is out of the bag, the puppy is out of the closet, the crypto is on Wall Street and we are here to stay. We cannot promise to make all of your friends happy crypto millionaires, but we can offer you a free gift when you tell a friend about us 🙂
Up for grabs this month is a handy travel kit for all your data cables, as well as SIM cards. This item is indispensable if you’re crossing international borders, or even if you sometimes travel to visit friends or clients and you left your charger at home. It’s yours for telling a friend about Bostoncoin.
See you next month
Jeremy
