Jun 17, 11:38 AM

US-UK Trade Deal Finalized; Bitcoin Near $106K, Ethereum ETF Inflows Rise, TRON Plans US IPO, Trump Discloses Crypto Income

On June 17, 2025, several notable developments emerged in the cryptocurrency and geopolitical arenas. The United States and the United Kingdom finalized a new trade deal, while the US and Canada agreed on lower tariffs. Concurrently, tensions escalated in the Middle East as Iran and Israel continued exchanging strikes, prompting concerns over potential US involvement in the conflict. In the crypto market, major assets experienced declines amid these geopolitical fears, with Bitcoin trading around $103,900 to $106,700 and Ethereum near $2,550 to $2,579. Institutional interest remained strong, as Bitcoin ETFs saw inflows of approximately $409 million and Ethereum ETFs about $21 million. JP Morgan filed a trademark for a stablecoin named JPMD, signaling expansion into crypto. Meanwhile, TRON, founded by Justin Sun, announced plans to go public via a reverse merger, although Eric Trump denied any involvement with TRON's Nasdaq listing. Additionally, the social media platform X suspended several crypto applications as part of a crackdown. Other international crypto developments included Vietnam formalizing a crypto asset law and France considering Bitcoin mining using surplus nuclear power. Former President Donald Trump disclosed that cryptocurrency was his second-largest source of income in 2024 and filed for Bitcoin and Ethereum ETFs through his platform Truth Social.