What Happened in Crypto Today? From BTC Buys to Oil Crash Impact

The crypto market is up today with global market cap climbing over 2.28% to $3.34 trillion, according to CoinMarketCap. But what’s behind this surge? From Michael Saylor’s Pakistan deal to Metaplanet’s massive Bitcoin purchase and Bybit launching Byreal, here are the top 5 crypto news stories making the waves on June 16, 2025.

Michael Saylor Open to Advising Pakistan on Bitcoin Strategy

In a bold move, MicroStrategy Executive Chairman Michael Saylor met with Pakistan's Finance Minister Muhammad Aurangzeb and Minister of Blockchain Affairs Bilal Bin Saqib, as per official Wu Blockchain X reports.

The meeting was about how Pakistan can use this cryptocurrency as part of its national savings and how to make strong rules for this assets in the country. Michael Saylor said he’s ready to become an advisor to help Pakistan plan its future with digital money.

This news is now trending as the “ Michael Saylor Pakistan deal ”, and could be a game-changer for developing economies exploring the coin as a financial backbone.

Cardano Proposes BTC Buy Using Its $1.2B Treasury

As reported by Coin Bureau on X , Charles Hoskinson has proposed converting a portion of Cardano’s $1.2 billion treasury into Bitcoin and stablecoins.

Source: X

The plan? To use the yield from those assets to buy back ADA, aiming to make Cardano the first cryptocurrency project to create a sovereign wealth fund. This is one of the biggest highlights in crypto market news today.

Oil Prices Fall Despite Iran Crisis, But Crypto Surges

According to The Kobeissi Letter, oil prices took an unexpected turn by going negative—even after Iran’s key oil and gas facilities were reportedly damaged. This contradiction is making headlines as “ Oil Prices Fall despite Iran Crisis ”, confusing many traditional market watchers.

Source: The Kobeissi Letter X

Meanwhile, the crypto market surge today tells a different story. In contrast to oil, digital assets are moving up across the board suggesting that investors may be rotating some capital out of oil and equities and into crypto through the uncertainty.

Bybit Launching Byreal: A CEX + DEX Hybrid on Solana

All details to come, but for now, it has officially been unveiled by Bybit CEO Ben Zhou, that Bybit has launched Byreal, the first fully on-chain DEX incubated by Bybit, built on Solana. It combines CEX-grade liquidity with DeFi-level transparency, actually using a hybrid RFQ + CLMM routing system, to deliver truly low-slippage, MEV-resistant trading.

This is one of the most talked-about stories under the keyword “Bybit launching Byreal”, and shows how centralized exchanges are now adapting to decentralized innovations.

Metaplanet Buys 1,112 More BTC, Now Holds 10,000 BTC

In a major BTC accumulation move, Japanese-listed firm Metaplanet announced via board resolution that it will issue $210 million in zero-coupon bonds to EVO FUND, using the entire proceeds to purchase more Bitcoin.

According to Metaplanet’s press note, the firm has bought 1,112 BTC at ~$105,435 per BTC, taking their total MetaPlanet Bitcoin holdings to 10,000 BTC at a cost of approximately $947 million. This massive move is driving interest in BTC news and further reinforcing bullish sentiment across the crypto space.

Final Thoughts: A Bullish Day Driven by Institutions and Strategy

From institutional BTC buys like Metaplanet’s to strategic adoption talks between Michael Saylor and Pakistan, the narrative is clearly shifting. These developments aren’t just crypto market news today—they're indicators of where the global financial system might be heading next.

With oil down and market up, it’s becoming increasingly clear that digital assets are now being seen as strategic hedges. Fow now, keep an eye on further latest updates to stay haead in the this industry.