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Collector Crypt Fees Jump 129% in a Week as Solflare Brings Card-Pack Trading Into the Wallet

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Collector Crypt Fees Jump 129% in a Week as Solflare Brings Card-Pack Trading Into the Wallet

Collector Crypt, the Solana-native platform for tokenized graded trading cards, posted a 129% week-over-week jump in fee revenue to $3.86 million as the Solflare wallet embedded its gacha card-pack mechanic for four million monthly active users.

Collector Crypt, the Solana-native platform that tokenizes graded physical trading cards for on-chain trading, posted a 129% week-over-week jump in fee revenue after Solflare embedded its card-pack mechanic directly into the wallet interface.

The platform generated $3.86 million in fees over the trailing seven days, up from $1.68 million the prior week, per DefiLlama. The trailing 24-hour fee figure stood at $689,000, a 283% increase from the day before. All-time platform revenue has crossed $52.8 million, with a 30-day total of $9.5 million.

Collector Crypt Fees. Source: DeFiLlama

The Solflare Catalyst

Solflare, the Solana wallet with roughly four million monthly active users, announced the integration on June 11. Called Solflare Packs, the feature lets users browse, buy, and open randomized packs of tokenized graded cards without leaving the wallet. Categories include Pokemon, One Piece, and various sports card sets. The premium tier offers a $2,500 Mythic Gacha Pack with a chance at a $117,000 PSA-graded Charizard slab.

Before the integration, Collector Crypt required users to navigate to a standalone site. The Solflare integration removes that step, routing four million existing wallet users directly into the pack-opening flow.

How Fee Revenue Is Generated

Collector Crypt charges fees on its “gacha” mechanic, a randomized pack-opening system. Users spend USDC or CARDS tokens to open packs; each NFT maps to a specific physical card held in insured vaults. After opening, a user can sell the card on the platform’s marketplace, return it within 72 hours through the buyback engine, or redeem the NFT to have the physical card shipped.

DefiLlama’s protocol page describes the methodology as “Volume from gacha (card pack sales).” The fee figure is a direct proxy for pack purchases, not secondary market trading. This week’s number tracks primary demand.

The platform’s all-time peak single day was $1.63 million on September 12, 2025, per DefiLlama’s historical series. This week’s highest day, June 11, reached $862,000 and was followed by several days above $400,000, sustaining the elevated activity across the week rather than concentrating it in a single day.

Collector Crypt daily fee revenue on Solana, June 9-15 2026, showing a rise from $326K to a peak of $863K on June 11 before settling at $689K on June 15
Collector Crypt daily fees, Jun 9–15 2026. Peak $862K on Jun 11 (day of Solflare Packs launch); trailing week total $3.86M vs. $1.68M the prior week. Source: DefiLlama (collector-crypt).

Collector Crypt’s Position in the NFT Marketplace Landscape

Collector Crypt operates in physical collectibles, a market historically dominated by eBay, TCGPlayer, and PSA’s own brokerage. Fee revenue of $3.86 million in seven days puts it ahead of many DeFi protocols, and it arrives as the centralized exchanges exit the space. Binance shut its centralized NFT marketplace in June, joining Coinbase and Kraken in exiting the segment. OpenSea is pivoting toward a Hyperliquid-powered derivatives platform rather than doubling down on collectibles.

Collector Crypt runs exclusively on Solana. The integration with Solflare extends that reach without a chain migration. Collector Crypt crossed $1 billion in all-time transaction volume in May, roughly 18 months after its gacha system launched in December 2024.

The CARDS Token

Collector Crypt’s native CARDS token trades at around $0.234, up 25% over the past seven days, per CoinGecko. Market cap sits at $60.4 million against a fully diluted valuation of $469 million. The token’s all-time high was $0.38 in September 2025, which coincided with the platform’s record single-day fee figure.

Whether the Solflare-driven traffic produces a sustained lift or a short-term spike will take another two to three weeks of fee data to resolve. The prior week’s $1.68 million baseline was itself elevated relative to the platform’s longer-run trend, which recorded $9.48 million across the full 30-day window before last week’s surge.

Strategy’s investors are may be rotating out of its preferred stock for another crypto rival

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Strategy’s investors are may be rotating out of its preferred stock for another crypto rival

Strategy’s (MSTR) dividend-paying preferred stock, STRC, closed at $91.79 on Tuesday, its third-lowest since trading began in July 2025, amid lower bitcoin prices and debt concerns.

The only lower closes occurred during two sessions later that month, when STRC fell to as low as $88.60. The security was initially priced at approximately $90 in its debut.

STRC (TradingView)

STRC was designed to trade as close as possible to its $100 par value. However, it has remained below that level for an extended period and has not traded at $100 since May 15, last month’s ex-dividend date.

Historically, STRC would trade near its $100 par value ahead of the ex-dividend date, the cutoff after which new buyers are no longer entitled to the upcoming dividend. Once the stock went ex-dividend, it often declined by roughly the value of the dividend before gradually recovering toward par, but on June 15, STRC never reached par.

Several factors appear to be contributing to STRC’s persistent weakness.

First, the security has historically traded in tandem with bitcoin, and bitcoin remains under pressure, hovering around $65,000 and roughly 50% below its October all-time high.

Bitcoin miners’ AI pivot faces $50 billion reality check, says VanEck

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Bitcoin miners’ AI pivot faces $50 billion reality check, says VanEck

The report comes amid a dramatic shift in the bitcoin mining industry. Following the collapse in mining profitability after the 2024 halving, many operators began repurposing their power infrastructure to support AI workloads, betting that technology companies would pay significantly more for electricity and data center capacity than bitcoin miners.

Core Scientific (CORZ) signed a multibillion-dollar hosting agreement with AI startup CoreWeave, helping transform the company from a bitcoin miner into an AI infrastructure provider. TeraWulf (WULF), Hut 8 (HUT), Iren (IREN), and Cipher Mining (CIFR) have all announced plans to lease power and data center capacity to AI and high-performance computing customers, while Marathon Digital (MARA), Riot Platforms (RIOT) and CleanSpark (CLSK) are pursuing hybrid strategies that maintain bitcoin mining operations while exploring AI opportunities.

While bitcoin (down about 24% since January), along with other big public crypto names, have lost significant value so far this year as crypto prices continue to slide amid shifting investor focus to AI, bitcoin miners have seen largely green candles across the sector. RIOT is up nearly 94% year-to-date, while CIFR is 62% higher. Others are showing similar gains over the same period.

The fresh narrative has helped drive some of the biggest stock moves in the crypto sector over the past year, and investors have rewarded many of these companies with valuations that increasingly reflect their AI potential rather than their mining businesses.

Bitcoin Selloff Toward $60K May Resume as Japan Hikes Interest Rates

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Bitcoin Selloff Toward $60K May Resume as Japan Hikes Interest Rates

Bitcoin (BTC) risked wiping out its Iran truce gains and returning toward the $60,000 psychological support as the Bank of Japan (BoJ) raised its interest rates to their highest level in 30 years.

Key takeaways:

  • BTC has averaged a 5.74% decline in the 30 days after the last four BoJ rate hikes.
  • A repeat of previous post-hike drawdowns puts Bitcoin’s downside range between $62,700 and $56,700.

Previous BOJ hikes warn of 30-day Bitcoin losses

On Tuesday, the BoJ raised its short-term policy rate by 25 basis points to 1.0% on June 16, marking Japan’s highest interest-rate level since 1995.

The move came as policymakers responded to persistent inflation risks from higher energy costs and lingering Middle East supply disruptions.

Bitcoin dropped by nearly 2.5% from its local high at $67,250, but was maintaining its June gains. Its historical performance after BoJ rate hikes, however, points to downside risks.

In the 30 days after the last four BOJ hikes, Bitcoin averaged a 5.74% decline. BTC fell 5.59% after the March 2024 hike, 10.89% after the July 2024 hike, and 14.77% after the January 2025 hike.

BTC/USD three-day chart. Source: TradingView

The only positive case came after the December 2025 hike, when BTC gained 8.31% over the following 30 days. However, that rebound followed Bitcoin’s sharp correction from its October 2025 peak, suggesting the market was already deeply oversold before the BoJ decision.

Applying Bitcoin’s average 5.74% post-BoJ decline to its current price near $66,500 puts the downside target near $62,700, just above the $59,000–$62,000 demand zone (red area in the chart below).

BTC/USD three-day chart. Source: TradingView

A sharper pullback matching the July 2024 post-hike drop would send BTC toward $59,200, while a repeat of January 2025’s decline would imply a fall to $56,700.

Broader post-BoJ drawdown phases have been even steeper, with Bitcoin losing between 26% and 38% after Japan’s rate decisions since March 2024, a chart shared by crypto analyst Gerla shows.

BTC/USDT three-day chart. Source: TradingView/Gerla

BOJ hikes have often arrived near US recessions

BoJ rate-hiking cycles have historically coincided with US recessions, with the COVID shock being the main exception, noted André Dragosch, European head of research at Bitwise, in a Tuesday post.

BoJ’s unsecured overnight call rate vs. US recession periods. Source: Bloomberg Terminal/André Dragosch

The pattern suggests the BoJ often tightens policy late in the global cycle, when inflation pressure is already high, and liquidity conditions are becoming less supportive for risk assets.

Japan has been a key source of cheap money for global markets for years.

When Japanese rates were near zero, traders could borrow yen at low cost and use that money to buy riskier assets elsewhere, including stocks and crypto. But as Japan raises rates, that trade typically becomes less attractive.

Related: Bitcoin recovery rests on US-Iran deal as momentum remains weak

Some traders may then cut their borrowed positions to reduce risk. That can hurt assets like Bitcoin, which often falls harder when global investors become more cautious.

Crypto PAC Has $5M Stake in Senate Primary Runoff as Alabama Voters Head to Polls

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Crypto PAC Has $5M Stake in Senate Primary Runoff as Alabama Voters Head to Polls

Defend American Jobs, the cryptocurrency company-backed political action committee (PAC) affiliated with Fairshake, reported spending millions of dollars to support a Republican candidate’s run for a US Senate seat in the party’s Tuesday primary runoff in Alabama.

As of Tuesday, filings with the Federal Election Commission (FEC) showed that Defend American Jobs had spent more than $4.7 million on media and ads to back Republican Barry Moore’s candidacy in a runoff for one of Alabama’s US Senate seats, adding to the $7.4 million it reported spending ahead of his May 20 primary. Moore, who also has the endorsement of US President Donald Trump, is running against Jared Hudson, another Republican vying to replace Tommy Tuberville, who announced that he would not be seeking reelection, as he is focused on becoming the state’s next governor.

Source: Federal Election Commission

The Coinbase-affiliated advocacy organization Stand With Crypto rated Hudson as “neutral” on crypto policy compared to Moore’s “strongly supports crypto,” based on public statements and Moore’s voting records while representing Alabama’s 1st Congresssional district. Hudson publicly acknowledged that “Big Crypto” did not back his candidacy, but he has supported the crypto market structure bill under consideration in the US Senate.

The Alabama runoff will be another test of the crypto industry’s influence in US elections, with Fairshake and its affiliates having already poured millions of dollars into media for candidates facing primaries in Texas and California. Following Tuesday’s vote in Alabama, the PACs will also have stakes in Maryland and New York later this month, backing Democrats Adrian Boafo and Ritchie Torres with about $5 million and $500,000 in media buys for House seats, respectively.

Related: Crypto PAC-supported candidates sweep US state primaries after media buys

The Blockchain Leadership Fund, a hybrid PAC backed by Anchorage Digital and Chainlink, announced its support for Moore in May, but FEC filings showed no related expenditures as of Tuesday. The Fellowship PAC, another PAC backed by $11 million from Cantor Fitzgerald and Anchorage, disclosed $350,000 in spending to support Moore’s run.

Fairshake reported holding a $193 million war chest as of January, setting the stage for significant potential influence in this year’s US House and Senate races. The PAC has publicly stated its intention to “oppose anti-crypto politicians and support pro-crypto leaders” through media and ads.

Majority control of Senate can determine passage of crypto-related bills

With Democrats having been in the minority in both the House and Senate in the current session of Congress, the party is fighting to regain control of both chambers starting in 2027. Republicans currently hold a slim majority on both sides of the Capitol, enabling them to set the agenda for policies, including crypto-related legislation like the Digital Asset Market Clarity (CLARITY) Act. The bill passed the House in July 2025 but has faced delays in the Senate amid debates over stablecoin rewards, ethics and tokenized equities.

Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

State Street targets stablecoin reserve boom with new money market fund

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State Street targets stablecoin reserve boom with new money market fund

Wall Street’s largest asset managers are increasingly competing to manage the assets backing stablecoins, a market that could swell into the trillions of dollars as digital dollars become a larger part of the financial system.

State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund on Tuesday, a government money market fund designed specifically for stablecoin issuers operating under the framework established by the GENIUS Act.

The fund’s introduction comes as traditional financial (TradFi) firms race to position themselves as key providers of reserve management services for stablecoin issuers. Stablecoins, which are typically pegged to the U.S. dollar, are backed by reserves that often include Treasury bills, cash and money market funds. As issuance grows, so does the pool of assets generating management fees for fund providers.

The fund’s initial investors include State Street Bank and Trust Company and Anchorage Digital, the crypto-focused bank that holds a federal charter in the United States.

Stablecoins have become one of the most sought-after opportunities in digital assets for traditional finance firms. Major asset managers, custodians and banks have spent the past year rolling out products aimed at tokenized cash markets and reserve management infrastructure.

BTC Sharpe Ratio Points To New Accumulation Phase: Will It Last?

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BTC Sharpe Ratio Points To New Accumulation Phase: Will It Last?

Bitcoin’s (BTC) risk-adjusted return profile is approaching levels historically aligned with long-term accumulation zones. The Sharpe ratio, a metric that measures return relative to volatility, dropped to -20, a threshold that marked major Bitcoin bottoms in every bear market since 2015. 

At the same time, BTC exchange reserves have fallen by roughly 80,000 BTC since February, while demand from accumulator addresses more than doubled to 240,000 BTC from 115,000 BTC during the first two weeks of June. 

BTC’s Sharpe ratio revisits a historical bottom zone

Bitcoin’s Sharpe ratio reached -20 on June 11, a level that coincided with major cycle lows over the past decade. The metric first dropped below the threshold on Jan. 5, 2015, and remained there until June 12, when BTC established a durable bottom and entered a recovery phase.

A similar pattern emerged between Dec. 8, 2018, and March 7, 2019, when the Sharpe ratio spent most of the three months below -20 during Bitcoin’s bear market floor. The metric repeated the signal from Oct. 7, 2022, through January 7, 2023, shortly before BTC began its next sustained bullish period. 

Bitcoin Sharpe ratio. Source: CryptoQuant

While no single metric identifies market bottoms with precision, periods below -20 have typically coincided with extended accumulation phases for BTC.

Onchain data points in the same direction. Bitcoin held on exchanges has declined to 2.71 million on Monday from 2.79 million BTC in February. BTC exchange reserves briefly rebounded to 2.73 million BTC from a yearly low of 2.65 million BTC between late April and early June, though balances have since fallen by about 12,000 BTC over the past two weeks.

Demand from accumulator addresses has strengthened during the same period. The cohort absorbed 125,000 BTC between June 1 and June 14. This indicates growing interest among wallets that have a history of holding rather than distributing coins.

BTC demand from accumulator addresses. Source: CryptoQuant

Related: Bitcoin’s ‘calm top’ challenges most market bottom estimates: Research

Bitcoin’s consolidation below the key weekly trendline is still developing

Bitcoin has spent 133 consecutive days below its 100-week simple moving average (SMA), a long-term trend indicator currently located near $88,466.

Market cycle data show that Bitcoin often trades below the 100-week SMA for extended periods before reclaiming it. Following the 2013 market peak, BTC spent 378 days below the trendline while consolidating between $200 and $400. During the 2018-2019 bear market, BTC remained below the 100-week SMA for 175 days and traded between $3,000 and $6,000.

BTC price, and 100-period weekly SMA trend analysis. Source: Cointelegraph/TradingView

The longest stretch occurred after the 2022 market decline. Bitcoin remained below the 100-week SMA for 532 days while trading between $16,000 and $25,000.

Across those three cycles, Bitcoin spent an average of roughly 362 days under the indicator before reclaiming it and establishing a sustained uptrend. Each period was characterized by prolonged accumulation rather than an immediate recovery.

With 133 days already logged below the 100-week SMA, the current cycle is still well below the historical average. Previous examples indicate that consolidation phases beneath the trendline often persist for several more months before Bitcoin reclaims the level.

Related: Bitcoin analysis warns over BTC price rejection as $67K approaches

Binance Says it Considers EU License Compliant Amid Reports of Potential Rejection

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Binance Says it Considers EU License Compliant Amid Reports of Potential Rejection

Cryptocurrency exchange Binance, whose application under the European Union’s Markets in Crypto Assets (MiCA) framework is under consideration, has generally deferred responding to a report that the company’s licensed activities in the region could be at risk.

In a Tuesday blog post, Binance said that Greece’s Hellenic Capital Market Commission (HCMC), one of the regulators responsible for overseeing MiCA, had completed its review of the crypto exchange’s application and “considered it compliant with MiCA requirements,” subject to review at the European Securities and Markets Authority (ESMA). The post came just a few hours after Reuters reported that EU regulators were preparing to reject Binance’s licensing bid, potentially cutting off the exchange’s ability to offer services to residents.

“Binance serves more users in Europe than any other crypto exchange, and any delay or distortion in our MiCA path has consequences beyond Binance,” said the company. “It risks weakening liquidity, reducing competition and user choice, and pushing activity, jobs, investment, and tax revenue outside the EU.”

Source: Binance

Under the MiCA framework, companies operating in the EU only have until the end of June to gain approval to offer services to residents. Should Binance’s application with HCMC be rejected, the exchange would likely be unable to legally operate in the EU starting on July 1.

Related: Robinhood cuts 10% of workforce as Tenev touts business strength

A Binance spokesperson told Cointelegraph that the company expected that ESMA “intended to progress the licence and move to authorise at an upcoming board meeting.” The company did not immediately respond to an additional request for clarification on the Reuters report, but added in the blog post it would update users by June 30, the deadline for the MiCA application.

The crypto exchange applied for its MiCA licensing in Greece under HCMC in January. Several regulators, including those in Germany and the Netherlands, have already approved licenses for crypto companies seeking to be MiCA compliant with the deadline approaching in a matter of weeks.

Binance still under scrutiny by US authorities

In 2023, Binance reached an agreement with US authorities in which then-CEO Changpeng Zhao stepped down and pleaded guilty to one felony charge, and the company agreed to a $4.3 billion settlement with the US Treasury Department and Department of Justice and to follow a monitoring program. Amid the US-Israel war with Iran and reports that the exchange facilitated $1 billion to sanctioned entities, US lawmakers have been pressing for answers regarding Binance’s compliance.

Magazine: Bitcoin, the ‘canary in the coal mine,’ XRP transaction demand falls 91.5%: Market Moves

Coinbase introduces AI advisor, stock options and pre-IPO markets in finance push

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Coinbase introduces AI advisor, stock options and pre-IPO markets in finance push

The company is simultaneously broadening its derivatives business. New products include perpetual futures tied to thematic baskets such as artificial intelligence, defense and Chinese equities, as well as pre-IPO perpetual futures that provide exposure to private companies including SpaceX (SPCX), which went public earlier this month. Coinbase said contracts tied to OpenAI and Anthropic, which are anticipated to go public later this year, are expected to follow.

The exchange is also betting heavily on prediction markets, an area that has grown rapidly across crypto and traditional finance. New offerings include short-term crypto prediction contracts and bundled wagers that allow traders to combine multiple forecasts into a single position.

A major focus of the update is artificial intelligence.

Coinbase introduced Coinbase Advisor, which it described as one of the first SEC-registered AI-powered investment advisory tools. Initially available to Coinbase One subscribers in the U.S., the service aims to provide portfolio recommendations, tax-loss harvesting guidance and market analysis.

The announcements reflect CEO Brian Armstrong’s long-term vision of turning Coinbase into a full-service financial platform that combines trading, payments, lending and asset management. Competition continues intensifies across crypto and traditional finance, with exchanges increasingly racing to become the primary destination for trading stocks, digital assets and tokenized financial products from a single account.

XRP Whale Withdrawals Rreach 720M As Risk Metric Favors Bulls

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XRP Whale Withdrawals Rreach 720M As Risk Metric Favors Bulls

Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to its highest level since May 2024. 

The shift comes as XRP rebounded to $1.30 on Monday, with large holder activity continuing to dominate exchange flows and market indicators signal an ideal accumulation period amid lingering weakness. 

Whales dominate XRP exchange flows

Data from CryptoQuant shows that XRP’s multi-exchange daily outflow indicates repeated withdrawals of more than 1 million XRP per transaction. Between June 3 and June 14, major crypto platforms recorded roughly 722 million XRP in large daily outflows, highlighting the most sustained activity from whale-sized wallets since early February. Binance whales led the outflows, with 425 million XRP.

XRP exchange daily outflows above 1 million tokens. Source: CryptoQuant

While large withdrawals do not confirm accumulation, they reduce the amount of XRP immediately available for sale on exchange order books.

A separate exchange-flow metric points to a growing concentration of XRP wallet activity on Upbit. According to crypto analyst Amr Taha, Upbit’s XRP net wallet flow dominance climbed to 31% on June 14, up from 13% a week ago, its highest level since May 2024.

Taha said XRP’s 5% rebound to $1.30 on Monday coincided with a clear rotation toward Upbit. Deposit-wallet activity became increasingly concentrated on the South Korean exchange while several major platforms lost market share. 

Another Binance metric shows whales continue to dominate XRP outflows. The Binance Whale vs. Retail Spread measures the difference between whale-sized withdrawals of 100,000 XRP or more and retail-sized withdrawals below that threshold.

The spread currently stands near 90%, indicating that large holders still account for the majority of XRP outflows on Binance. Last month, Taha noted that repeated declines toward the May 2024 range suggested a shift in Binance’s withdrawal profile from the 2024-2025 bullish period.

XRP’s Binance whale vs. retail spread (%). Source: CryptoQuant

While the indicator should not be viewed as a direct bullish or bearish signal, the analyst said that it tracks withdrawal behavior rather than exchange selling activity.

Related: Trump crypto company’s USD1 stablecoins backing UFC event bonuses

XRP Sharpe ratio stays below zero: What does it mean? 

XRP’s Sharpe ratio remains in negative territory, a zone that has historically aligned with bearish consolidation phases for the asset.

This metric evaluates returns relative to volatility, helping assess whether investors are adequately compensated for the risk they take. XRP recorded a Sharpe ratio of -1.097 in September 2022 when the token traded near $0.33. The cycle later peaked near 2.07 in January 2025 as XRP approached $3.14.

XRP Sharpe ratio. Source: CryptoQuant

The current reading stands near -0.36, dropping from a positive ratio of 0.18 in May. According to CryptoQuant, XRP has historically produced some of its strongest gains when the Sharpe ratio was negative. The average returns during those periods exceeded 50%, while gains often moderated once the ratio entered positive territory.

However, in April, market analyst Teddy said deep negative Sharpe readings for XRP often coincide with periods of “market pain” rather than efficient trends. Those phases have historically created conditions associated with long-term accumulation zones, but further downside remains possible. 

Related: Bybit expands RWA push with tokenized bond funds from PIMCO, CMBI

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