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Bitcoin
Affairs
 
No. 025  ·  20 Jun 2026
 
MARKET SNAPSHOT
BTC / USD
$63,307
  24H CHANGE
+1.0%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-49.3%
NEWS
3 STORIES TODAY

Iran said it had closed the Strait of Hormuz again and sent negotiators to Switzerland, while signaling that meaningful progress is unlikely unless it believes Washington is honoring the interim deal. The move reintroduces upside risk for oil and inflation just days after markets had started to price in relief, a renewed macro headwind for Bitcoin and other risk assets.

Geopolitics  Macro

Franklin Templeton filed for two DRIP-style ETFs that begin with mostly U.S. equity exposure and systematically route dividends into Bitcoin-linked positions. The structure shows issuers are still pushing product innovation around Bitcoin even as the spot ETF complex has struggled to regain steady net inflows.

ETF

Franklin Templeton agreed to distribute its tokenized U.S. dollar money market fund to institutional investors through Dubai-based Tokinvest. The deal is another sign that large asset managers are moving regulated fund distribution onto blockchain rails, deepening institutional digital-asset infrastructure beyond pure crypto trading.

Regulation  Macro
COMMENTARY
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Rand Group
@randgroup
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The wait is over, time to send Bitcoin ⚡️ https://t.co/VIFLeF6nfg
 
 
 
 
16 reposts    11 replies    215 likes
Cointelegraph
@Cointelegraph
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🔥 JUST IN: Grant Cardone says Cardone Capital is adding 282 $BTC to its Bitcoin holdings. https://t.co/PHJfa6zJbR
 
 
 
 
 
63 reposts    69 replies    602 likes
Daniel Batten
@DSBatten
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This chart says "Bitcoin is most owned where it solves very real problems"

The data tells us it is solving a lot of problems, at scale, and often at an existential level

For example for 10 of the top 14 countries adopting Bitcoin, here's the problems it solves

UAE: Remittances
The world's highest-migrant-share workforce sends money home through banks that skim 6%+ a transfer. Bitcoin moves it for a fraction

Vietnam: Bank-account control
The state deactivated 86M+ bank accounts in a single "AML sweep". I personally spoke to people this happened to who lost their savings. They had left Vietnam years before, and found the account that held their money simply closed. A bank that can freeze you for going quiet is the whole argument for holding your own keys.

Philippines: Remittances
Overseas workers wire billions home each year. Bitcoin rails undercut the high-fee operators they are otherwise forced to use.

Iran: Sanctions
Locked out of the dollar system, Iran mines its subsidised energy into Bitcoin and spends it on imports the banks can't touch.

Brazil: Inflation hedge
Brazilians hold Bitcoin as hard money against a currency that keeps losing ground, and as a serious investment asset

Venezuela: Hyperinflation
As the bolivar collapses, Venezuelans move savings into Bitcoin to hold value the state can't erase

El Salvador: Day-to-day transactions
The IMF stripped the legal-tender mandate in 2025, so nobody has to touch Bitcoin. But ~ 1 in 10 Salvadorians still do anyway, by choice. One story that moved me was of a rural Salvadorian who used Bitcoin to pay his utility bill so he didn't have to have a half-day round trip to the nearest bank each month.

Ukraine: War
When ATMs capped withdrawals and savings froze, Bitcoin crossed borders money couldn't, and funded the defence.

Argentina: Inflation.
After decades of a falling peso, Argentines save in Bitcoin to protect what their melting-icecube currency keeps eroding.

South Africa: Hedging the rand.
The rand has devalued 8x against the USD since 2000. A weak, volatile currency and a deep investor base push South Africans into Bitcoin as an alternative asset

Notice the common theme? With the exception of US/Thailand/Saudi (Investment) and Singapore (Zero Capital Gains Tax) all the other countries are using Bitcoin to solve problems that affect basic livelihood in ways most of us struggle to imagine even being necessary in the West.

There is a name for this: "Solipsistic". It means treating one's own experience as the only reality.

(source references for each country and chart reference in comments)
 
 
 
 
55 reposts    19 replies    267 likes
CryptoQuant.com
@cryptoquant_com
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The Final Flush Before Bitcoin Finds Its Bottom?

“The key question now is whether BTC can stabilize while realized losses continue to decline, or whether one last downside wave is needed to complete the capitulation process.” – By @MorenoDV_ https://t.co/iNVTpA5Tnt
 
 
 
 
 
 
24 reposts    10 replies    166 likes
CoinMarketCap
@CoinMarketCap
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LATEST: 📈 Bitcoin network activity has hit its highest level since late 2024, driven by micro-transactions below 0.01 BTC that now account for ~80% of all daily transactions, per CryptoQuant. https://t.co/geJGws5ccg
 
 
 
 
 
59 reposts    69 replies    290 likes
Cointelegraph
@Cointelegraph
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🔥 NEW: Franklin Templeton has filed for the Franklin US Equity Bitcoin DRIP Index ETF, which reinvests dividends into Bitcoin exposure. https://t.co/ZLwXWIgmq8
 
 
 
 
 
82 reposts    72 replies    465 likes