Bitcoin Ecosystem Highlights #3
As we enter the second half of 2025, let’s take a step back and reflect on the breakthroughs that shaped BTCFi in June.
What a month! 💛
We’re officially halfway through 2025, and Bitcoin shows no signs of slowing down. From quantum-secure protocols to sovereign adoption, the BTCFi ecosystem continues to expand.
Here’s a look at some of the most defining BTCFi milestones from June:
⏩ Pushing Bitcoin Forward
June was full of protocol-level innovation, with new approaches to Bitcoin security and stability taking center stage:
- Project 11 raised $6M to help defend Bitcoin from quantum threats. Their bold initiative includes a 1 BTC bounty for the first team able to break elliptic curve cryptography using quantum computing.
- Elastos unveiled BTCD, a BTC-backed stablecoin that aims to anchor a "digital Bretton Woods" with Bitcoin at its monetary core.
The wait is over. Introducing the first fully Bitcoin-backed stablecoin, The Bitcoin Dollar - $BTCD⚡️
— Elastos (@ElastosInfo) June 18, 2025
BTCD is the world’s first Bitcoin-native stablecoin, fully collateralized with BTC and governed by Elastos. It's time to put Bitcoin’s trillion-dollar balance sheet to work! pic.twitter.com/DDbzRUsVQS
- Kraken announced native Bitcoin staking via Babylon Genesis.
📈 Big Money Bets on BTC
Corporations around the world are stacking BTC — and they’re doing it in size:
- Metaplanet added 1,005 BTC, bringing its total holdings to 13,350 BTC. Even more aggressive: it plans to issue $208 million in 0% bonds to buy even more. This is Japan’s version of the MicroStrategy playbook — and it’s working.
- Bitcoin Treasury Corp completed the first phase of its accumulation strategy, acquiring 478.57 BTC for $51 million, positioning itself as a rising player in the digital asset treasury space.
- Méliuz, a Brazilian fintech company, accumulated 275.43 BTC—reaching a total of 595.67 BTC. With a 908% yield across its holdings, Méliuz now holds the title of Latin America’s largest corporate BTC stack.
🔥 BTC Goes Wall Street
The lines between traditional finance and BTCFi blurred further this month, with Wall Street beginning to embrace Bitcoin collateral:
Wintermute closes first Bitcoin-backed financing from Cantor
— Wintermute (@wintermute_t) June 30, 2025
As one of the earliest participants in Cantor’s $2B Bitcoin Financing Business, the facility provides additional flexibility to support our global trading activity and 2,000+ OTC counterpartieshttps://t.co/1B7ghiiMVZ
Wintermute secured a BTC-backed credit line from Cantor Fitzgerald, a major Wall Street firm. In tandem, Cantor launched a new Bitcoin Financing division, with plans to deploy up to $2 billion in BTC-collateralized loans. This could set the stage for a robust institutional credit market backed by digital gold.
🏛️ State-Level Interest Heats Up
It's not just institutions — governments are making moves too:
- Arizona passed HB2324, a bill that advances the creation of a state-run Bitcoin reserve fund. If approved by the state House, Arizona would become the first U.S. state to officially hold BTC on its balance sheet — an historic milestone for public-sector Bitcoin adoption.
Looking Ahead
Protocols are building.
Institutions are stacking.
States are catching on.
If June is any indication, the second half of 2025 could be Bitcoin’s biggest leap yet — from protocol-layer upgrades to sovereign-level financial disruption.
Stay tuned — and stay yellow-pilled.