TL;DR

ETH ETF inflows surge, $ZORA rallies 10x post-Base integration, US–China extend tariff truce.

Highlights

• Ethereum ETFs posted 16 straight days of net inflows, totaling $4.03B in two weeks; Ethereum price cleared $3,800, with three-month inflows at $8.2B 12.
• BlackRock’s BUIDL fund holds $2.4B in digital assets, 88% allocated to Ethereum , highlighting institutional demand 2.
• Zora’s $ZORA token surged nearly 10x in a month following Base L2 integration and major exchange listings; spot and perp volumes spiked 3.
• US and China extended their tariff truce by 90 days 4; Trump claims a zero-tariff trade deal with the EU, but details are unconfirmed 5.
• Goldman Sachs warns of record speculative trading in US equities; volatility protection remains inexpensive 6.
• Fed policy meeting, US tariff deadline, and Big Tech earnings set up a volatile macro week 20.
• UK’s Online Safety Act triggers a 1,400% VPN surge; global trend toward stricter digital identity checks may impact DeFi access 7.
• OpenAI’s Sam Altman is now Trump’s lead AI adviser 15; US agencies ordered to use “neutral” AI models 16, and AI tools are being deployed to cut federal regulations by 50% 18.
• OpenAI’s GPT-5 launches in August with major coding gains 10; Tencent open-sources a 3D world-generation AI model 11; China proposes an international AI standards agency 12.
• Allianz Life discloses a data breach affecting most of its 1.4M customers, part of a wider trend in insurer cyberattacks 9.
• Google AI summaries reduce web traffic to publishers, but AI chatbots like ChatGPT are driving a surge in referral traffic 19.
• Alibaba launches AI-powered smart glasses in China, expanding AI integration in consumer tech 17.

Commentary

Ethereum remains the focal point for institutional crypto flows, with ETF inflows accelerating and outpacing Bitcoin on a relative basis 12. BlackRock’s heavy ETH allocation underscores the shift, and ETH’s technical breakout above $3,800 is supported by robust on-chain and fund flows 2. The ETH/BTC pair’s strength suggests continued rotation into Ethereum and related assets, with possible spillover to DeFi and L2 tokens 2.

The Zora ecosystem is seeing outsized speculative activity, driven by its Base L2 integration and rapid adoption by creators 3. The surge in $ZORA trading volumes across major exchanges reflects strong retail and speculative interest, but on-chain data suggest the rally is largely exchange-driven. Traders should watch for signs of exhaustion or liquidity shifts, especially given the absence of large on-chain transactions 3.

Macro risks are in flux: the US–China tariff truce extension removes immediate downside 4, but the upcoming US tariff deadline, Fed meeting, and Big Tech earnings could quickly change sentiment 20. Goldman’s warning about speculative excess in equities is relevant for crypto, as risk-off moves in traditional markets often spill into digital assets, particularly in highly leveraged or illiquid names 6.

Regulatory and tech developments remain key watchpoints. The UK’s Online Safety Act and similar global moves toward digital identity could impact DeFi participation and privacy-focused protocols 7. In the US, the administration’s push for “neutral” AI models 16 and regulatory cuts via AI tools 18 could influence the compliance landscape for crypto firms leveraging AI. The imminent launch of GPT-5 10 and China’s open-source AI initiatives 1112 may further accelerate AI adoption in crypto, especially for on-chain agents and NFT applications.

Security remains a persistent concern, highlighted by the Allianz Life breach 9. Meanwhile, shifts in digital discovery—such as Google ’s AI summaries reducing publisher traffic while AI chatbots drive new referrals—could affect NFT and content-driven projects reliant on web traffic 19. Traders should stay alert to sector rotations, macro event risk, and evolving regulatory and tech trends.

TL;DR

Galaxy Digital sells 80,000 BTC; Ethereum ETFs lead inflows; CryptoPunks, NFT markets rebound.

Highlights

• Galaxy Digital executed an $9+ billion sale of over 80,000 Bitcoin from a Satoshi-era investor, with most coins routed through exchanges and OTC; Bitcoin price dipped 3–5% but rebounded above $117,000 18.
• The Bitcoin sale triggered $500 million in leveraged liquidations and a 37% jump in spot and derivatives turnover; Galaxy-linked wallets still hold ~18,500 BTC 12.
• U.S. spot Ethereum ETFs extended a 16-day inflow streak, accumulating $4 billion in two weeks and consistently outpacing Bitcoin ETF flows; BlackRock’s ETHA ETF surpassed $10 billion in assets 13.
• SharpLink Gaming transferred $145 million in USDC to Galaxy Digital for a major ETH purchase; a new wallet received 13,697 ETH, and CME Ethereum futures open interest hit a record $7.85 billion 5.
• Joseph Chalom, former BlackRock digital-assets chief, was appointed co-CEO at SharpLink Gaming , reinforcing the firm’s “ETH-first” treasury strategy and plans for further Ether accumulation and staking 15.
• NFT markets rebounded, led by CryptoPunks: GameSquare bought a $5.15 million Punk, and several high-value trades pushed the collection’s floor price to a yearly high of 51 ETH; overall NFT market cap rose 66% in the past month 11.
• President Trump reiterated opposition to a U.S. CBDC, signed the GENIUS Act imposing stricter stablecoin rules, and seeks to make the CBDC ban permanent 4.
• UK and Australia enforced strict KYC and age verification for internet access, driving a surge in VPN usage and raising compliance questions for crypto platforms; the EU is set to follow with similar rules 19.
• Two Tether addresses holding a combined $24 million were frozen; details remain unclear 5.
• The U.S. Treasury enabled Venmo and PayPal donations toward the national debt—a symbolic move with minimal direct crypto impact 18.

Commentary

The week was marked by significant institutional activity in both Bitcoin and Ethereum . Galaxy Digital ’s $9 billion sale of over 80,000 BTC from a long-dormant Satoshi-era wallet was absorbed by the market with only a brief 3–5% price dip, followed by a quick rebound above $117,000 18. The transaction triggered $500 million in liquidations and a notable surge in trading volumes, but the muted price impact highlights the increased liquidity and depth of current Bitcoin markets 12. With Galaxy-linked wallets still holding a substantial BTC balance, continued monitoring of on-chain flows is warranted for signs of further supply pressure or potential volatility 12.

Ethereum saw a decisive shift in institutional sentiment. U.S. spot Ether ETFs have now posted 16 consecutive days of net inflows, totaling $4 billion in two weeks and consistently outpacing Bitcoin ETF products 13. BlackRock’s ETHA ETF alone crossed $10 billion in assets, and CME futures open interest hit record highs, indicating both hedging and speculative demand 135. Corporate treasury activity is also accelerating: SharpLink Gaming , now co-led by former BlackRock crypto strategist Joseph Chalom, made a $145 million ETH purchase and is planning further expansion, signaling growing institutional preference for Ethereum exposure and staking strategies 155.

NFT markets, particularly CryptoPunks, are showing renewed strength. GameSquare ’s $5.15 million acquisition and a series of high-value trades pushed the collection’s floor price to a yearly high, while overall NFT market capitalization climbed 66% in the past month 11. This resurgence is notable for Ethereum-centric firms, as it suggests improving risk appetite and increased use of NFTs as treasury assets 11.

On the regulatory side, President Trump’s reaffirmed opposition to a U.S. CBDC and the passage of the GENIUS Act introduce stricter stablecoin oversight but maintain a clear stance against state-backed digital currencies 4. Meanwhile, new KYC and age-verification requirements in the UK, Australia, and soon the EU, are raising privacy and compliance challenges for crypto and DeFi platforms, as VPN usage surges in response 19.

Traders should focus on further BTC movements from Galaxy-linked addresses, monitor Ether ETF inflows and futures positioning, and track NFT floor prices for risk sentiment. Regulatory developments in major jurisdictions could affect platform compliance and user flows, especially for DeFi and cross-border services.

TL;DR

Galaxy Digital sells 80,000 BTC; ETH ETFs see $2.4B inflows; Tether, Ethena launch U.S. stablecoins.

Highlights

• Galaxy Digital sold 80,000 BTC ($9B+) from an early whale, triggering $500M in liquidations and a brief 3% BTC drop before stabilizing near $116,000 12.
• MicroStrategy raised $2.5B to buy more Bitcoin ; Paris-listed Blockchain Group also expanded BTC holdings 4.
• U.S. spot Ethereum ETFs saw $2.4B net inflows over six days, outpacing Bitcoin funds, with BlackRock and Fidelity leading purchases 520.
• Bitmine Immersion and Strategic Ethereum Reserve are accumulating ETH , aiming for up to 5% of supply; ETH-focused protocols are raising new capital 1517.
• Tether minted $2B USDT (July total $7B+) and is preparing a U.S. relaunch after the GENIUS Act passed 67.
• Ethena Labs and Anchorage Digital launched USDtb, the first GENIUS Act-compliant stablecoin; ENA token surged 118% as StablecoinX raised $360M for Nasdaq listing 816.
• President Trump reaffirmed a U.S. CBDC ban, signed the GENIUS Act requiring 100% reserves for stablecoins, and emphasized dollar strength 9.
• Solana increased block capacity by 20%, proposed a further 66% boost, and published a roadmap for application-controlled execution 1118.
• Binance integrated Circle’s yield-bearing USYC stablecoin and cUSDO as collateral, expanding RWA stablecoin access for institutions 13.
• Ripple co-founder Chris Larsen moved $175M in XRP to exchanges, coinciding with a 19% XRP price decline and $113M in liquidations amid scam warnings 10.
• GameSquare bought a $5.2M CryptoPunk as NFT prices rebounded, with CryptoPunks’ floor price at yearly highs 14.
• TRON Inc. debuted on Nasdaq, surpassing Cardano in market cap, aiming for Nasdaq 100 inclusion by 2028 12.
• SharpLink Gaming hired BlackRock’s Joseph Chalom as co-CEO, signaling further institutional ETH focus 19.

Commentary

Bitcoin markets absorbed one of the largest ever block trades as Galaxy Digital facilitated the sale of 80,000 BTC from a dormant whale 12. Despite $500M in liquidations and a brief 3% price dip, BTC stabilized near $116,000, suggesting robust spot liquidity and a flush of leveraged long positions 23. Meanwhile, MicroStrategy ’s $2.5B capital raise and continued corporate accumulation by European firms reinforce the narrative of Bitcoin as a core treasury asset, even as legacy holders exit 4.

Ethereum is seeing a decisive shift in institutional positioning. U.S. spot ETH ETFs attracted $2.4B in net inflows over six sessions, consistently outpacing Bitcoin ETF flows 520. BlackRock and Fidelity are driving large-scale ETH purchases, while on-chain accumulation by Bitmine Immersion and the Strategic Ethereum Reserve is tightening supply 5151720. ETH-focused protocols, including Ethena, are raising new capital, and StablecoinX’s $360M raise for ENA token acquisition and Nasdaq listing highlights growing institutional interest in Ethereum-native assets 816.

Stablecoin regulation and infrastructure are evolving rapidly. The GENIUS Act, signed into law by President Trump, sets strict requirements for stablecoins and bans a U.S. CBDC 9. Tether is preparing to re-enter the U.S. market, while Ethena and Anchorage launched USDtb as the first GENIUS Act-compliant stablecoin 78. Binance ’s integration of USYC and cUSDO expands institutional access to RWA-backed stablecoins, reflecting a broader trend toward compliant, yield-bearing digital dollars 13.

Elsewhere, Solana ’s capacity upgrades and roadmap for application-controlled execution target high-frequency trading and capital markets use cases 1118. NFT markets are rebounding, led by high-value CryptoPunks sales 14, while altcoin volatility persists: Ripple co-founder Chris Larsen’s large XRP transfers coincided with a sharp price drop and increased scam activity 10. TRON’s Nasdaq debut and SharpLink’s high-profile hire further illustrate the growing intersection of crypto and public markets 1219.

Traders should monitor further BTC and ETH flows from large holders, ETF and treasury accumulation trends, the rollout of regulated stablecoins, and the impact of major network upgrades on Solana and Ethereum 251115.

TL;DR

Tether mints $7B USDT; ETH ETFs lead inflows, surpass $16.6B AUM; major corporate BTC/ETH accumulation.

Highlights

• Tether minted $2B USDT , bringing July issuance to $7B; plans U.S. re-entry post-GENIUS Act.15
• Goldman Sachs and BNY Mellon launched a tokenized money-market fund platform for institutional clients.2
• BlackRock’s Ethereum ETF (ETHA ) surpassed $10B AUM; Ethereum ETFs now total $16.6B, outpacing Bitcoin funds in inflows.314
• U.S. spot Bitcoin ETFs saw net outflows, while Ethereum ETFs absorbed $508M in a single day.14
• MicroStrategy upsized its “Stretch” IPO to $2B to buy more Bitcoin ; Marathon Digital and MARA announced $850M note offerings for Bitcoin and operations.79
• Bitmine Immersion filed for a $2.5B stock sale to expand its Ether holdings, targeting up to 5% of ETH supply.11
• Ripple co-founder Chris Larsen moved $175M in XRP , with $140M sent to exchanges, coinciding with a 19% XRP price drop and $113M in liquidations.8
• StablecoinX raised $360M (including $60M from Ethena), plans Nasdaq listing as “USDE,” and will issue a GENIUS Act-compliant stablecoin via Anchorage.10
• Infini protocol hacker sold $16M in ETH post-$49.5M theft, laundering via Tornado Cash and stablecoin swaps; large token transfers observed across major exchanges.6
• Zora’s “creator coin” feature drove an 80% rally in its token, highlighting renewed interest in on-chain social apps.12
• GameSquare acquired a $5.15M CryptoPunk NFT and added $10M in ETH to its treasury, signaling institutional NFT and ETH accumulation.16
• Tron Inc. debuted on Nasdaq; Aspecta AI’s ASP token launched on KuCoin and Upbit with initial volatility.2017

Commentary

Stablecoins and tokenized assets are in focus, with Tether’s $7B July issuance and plans to re-enter the U.S. market following the GENIUS Act.15 The regulatory shift is already driving action: StablecoinX’s $360M raise and Anchorage/Ethena’s GENIUS Act-compliant USDtb launch point to a competitive U.S. stablecoin landscape.10 Goldman Sachs and BNY Mellon’s tokenized money-market fund platform signals further institutional adoption of blockchain rails for traditional assets.2

Ethereum continues to attract institutional inflows. BlackRock’s ETH ETF (ETHA ) crossed $10B AUM, and Ethereum ETFs now lead in net inflows, while Bitcoin ETFs saw outflows.314 Bitmine Immersion’s $2.5B stock sale to accumulate ETH , and GameSquare’s ETH and NFT treasury moves, reinforce the demand-supply imbalance narrative.1116 Meanwhile, MicroStrategy and Marathon Digital are raising fresh capital to buy more Bitcoin , underscoring ongoing corporate accumulation despite short-term ETF outflows.79

Altcoin and DeFi volatility remains high. XRP ’s 19% drop and $113M in liquidations followed large transfers by Ripple co-founder Larsen and scam warnings.8 Zora’s new creator coin feature sparked an 80% rally in its token, while Aspecta AI’s ASP saw initial volatility post-airdrop.1217 The Infini protocol hack and subsequent laundering activity highlight ongoing security and liquidity risks, with large token transfers across exchanges adding to market churn.6

Traders should monitor regulatory developments, especially the upcoming U.S. crypto policy report, and watch for continued divergence in ETF flows and stablecoin supply trends.4 Large treasury transactions, hack-related flows, and token launches remain key sources of volatility across spot and derivatives markets.

TL;DR

GENIUS Act passed; Bitcoin hit $120K as capital rotated to ETH/altcoins; SEC paused Bitwise ETF.

Highlights

• U.S. Congress passed the GENIUS Act, the first federal stablecoin law; Senate drafts broader digital asset rules 1.
• SEC approved, then paused, Bitwise 10 Crypto ETF conversion—second such reversal in July after Grayscale GDLC 2.
• Bitcoin hit a new all-time high above $120,000; BTC dominance fell to 60% as capital rotated into altcoins 312.
• Binance Coin (BNB) reached a record $805, regaining a top-five market cap position from Solana 4.
• Ethereum stablecoin supply surpassed $140 billion, doubling in 18 months; altcoin market cap and futures open interest surged 1612.
• Ethereum ETFs saw strong inflows while Bitcoin ETFs experienced outflows; ETH traded near $3,800, Solana approached $200 12.
• Goldman Sachs and BNY Mellon launched tokenized money-market funds on blockchain, joined by BlackRock and Fidelity 6.
• PNC Bank partnered with Coinbase to offer crypto trading and custody to clients 8.
• Telegram rolled out its TON Wallet to 87 million U.S. users, enabling in-app crypto transactions and DeFi access 9.
• Trump-linked World Liberty Financial accumulated 80,000 ETH ; large BTC transfers by early investors noted 155.
• Ethena Labs’ StablecoinX raised $360M, plans Nasdaq listing, and will buy back ENA tokens; USDe supply exceeded $6B 11.
• Infini hacker laundered $16M in ETH from a prior $49.5M theft; large token transfers observed across major exchanges 5.
• Bitcoin miner MARA announced an $850M convertible notes offering to fund BTC acquisitions and expansion 17.
• 21Shares filed for a physically backed Ondo (ONDO ) token ETF; ETF issuers pressed SEC for in-kind redemptions 187.
• Pudgy Penguins’ PENGU token surged twelvefold on renewed NFT sector interest; PUMP token dropped 40% below ICO price 1413.

Commentary

The U.S. regulatory environment is shifting, with the GENIUS Act establishing the first federal framework for stablecoins and the Senate advancing broader digital asset regulation 1. This legal clarity is already influencing institutional moves: Goldman Sachs and BNY Mellon have tokenized money-market funds, with BlackRock and Fidelity participating, while PNC Bank’s Coinbase partnership will bring crypto trading and custody directly to mainstream banking clients 68.

Market structure is evolving alongside these developments. Bitcoin set a new all-time high above $120,000, but capital is rotating into Ethereum and other large-cap tokens 312. ETH ETFs are seeing strong inflows, while Bitcoin ETFs face outflows, and altcoin open interest has surged 12. Ethereum’s stablecoin supply has doubled in 18 months, now exceeding $140 billion, supporting increased DeFi and trading activity 16.

Product innovation and institutional demand continue to drive headlines. The SEC’s repeated reversals on multi-asset crypto ETFs (Bitwise, Grayscale) highlight ongoing regulatory uncertainty for diversified crypto products, even as issuers push for in-kind redemption models 27. 21Shares’ ONDO ETF filing and Ethena Labs’ $360M StablecoinX raise—alongside a planned Nasdaq listing and ENA buybacks—underscore the pace of new product launches and capital formation 1811.

On-chain activity and security events remain in focus. Trump-linked World Liberty Financial’s accumulation of 80,000 ETH and large BTC transfers signal continued whale and institutional engagement 155. Meanwhile, the Infini hack and subsequent laundering of ETH, as well as sharp price moves in tokens like PUMP and PENGU, reflect ongoing risk and volatility in DeFi, NFT, and memecoin sectors 51314.

Traders should monitor further Senate action on digital asset legislation, SEC decisions on ETF structures, and continued TradFi-crypto integrations. Altcoin momentum and leverage remain high; large on-chain transfers and security incidents could drive short-term volatility 112.

TL;DR

GENIUS Act signed; Solana ETF review fast-tracked; Bitcoin, Solana hit record highs; TradFi ramps crypto.

Highlights

• U.S. Congress passed the GENIUS Act, the first federal stablecoin law; Senate released a draft digital asset framework 1.
• SEC accelerated spot Solana ETF review, with amended S-1 filings due July 31 2.
• Solana overtook Binance Coin in market cap ($107B+), broke $200, and led in NFT, futures, and tokenized stock volumes 89.
• Bitcoin hit an all-time high of $123,000, holding above $117,000; SpaceX moved $153M in BTC internally after three years of inactivity 103.
• MicroStrategy bought 6,220 BTC ($739.8M), now holds 607,770 BTC; announced $500M STRC preferred IPO for more BTC buys 419.
• Trump Media allocated $2B to Bitcoin , making BTC 66% of its liquid assets post-SEC fundraise 5.
• JPMorgan is considering direct Bitcoin /Ethereum-backed loans; PNC partnered with Coinbase for customer crypto trading 612.
• Ethereum raised its L1 gas limit by 25% to 45M; stablecoin float on Ethereum hit $140B, nearly doubling in 18 months 718.
• Dynamix and The Ether Reserve merged to form The Ether Machine, listing on Nasdaq with $1.5B in ETH treasury 16.
• Telegram rolled out TON Wallet to 87M U.S. users, enabling in-app crypto transactions and DeFi access 11.
• Western Union plans to add stablecoin on/off-ramps to its digital wallets for global remittances 13.
• Ethena’s StablecoinX raised $360M, will list on Nasdaq, and is buying $260M in ENA tokens 14.
• Polymarket acquired CFTC-licensed QCEX for $112M to relaunch regulated U.S. prediction markets 15.
• Pump Fun’s $PUMP token dropped 47% below ICO price despite $10.2M weekly DEX fees; BONK market cap doubled 17.
• FBI closed its investigation into Kraken co-founder Jesse Powell, returning seized devices 20.

Commentary

Regulatory momentum in the U.S. is reshaping the crypto landscape. The signing of the GENIUS Act provides the first federal stablecoin law, clarifying oversight for dollar-backed tokens and setting new standards for issuers 1. The Senate’s ongoing work on broader digital asset rules signals continued legislative focus 1. This environment is attracting traditional finance: JPMorgan is exploring direct crypto-backed loans 6, PNC is launching crypto trading with Coinbase 12, and Western Union is preparing stablecoin rails for global payments 13.

Institutional activity remains robust. MicroStrategy and Trump Media continue to expand their Bitcoin treasuries, with MicroStrategy’s new $500M preferred stock IPO earmarked for further BTC accumulation 4195. SpaceX’s internal BTC transfer and Bitcoin 's new all-time highs reflect ongoing corporate and market interest 310. On the Ethereum front, the network’s gas limit hike and record $140B stablecoin float highlight growing DeFi and stablecoin usage 718, while the Dynamix/Ether Reserve merger and Ethena’s Nasdaq listing bring new institutional vehicles for ETH and stablecoin exposure 1614.

Solana is seeing a surge in both price and activity, surpassing Binance Coin in market cap and dominating NFT, futures, and tokenized stock volumes 89. The SEC’s expedited review of spot Solana ETFs and strong fund inflows point to rising institutional demand 29. Telegram’s U.S. rollout of TON Wallet and Polymarket’s re-entry via QCEX acquisition are expanding access to crypto products and prediction markets for U.S. users 1115.

Traders should monitor the Senate’s progress on digital asset legislation, ETF approval timelines, and institutional product launches. Watch for continued volatility in major Layer 1s (Solana , Ethereum ), stablecoin flows, and DeFi/NFT sector activity as regulatory clarity and TradFi partnerships drive new capital and user inflows.

TL;DR

Trump Media, MicroStrategy, and ETH ETFs drive institutional flows; Solana, NFTs, and IPOs surge.

Highlights

• Trump Media disclosed a $2 billion Bitcoin treasury and plans for a Truth Social utility token; DJT shares rose 6–9%1.
• MicroStrategy acquired 6,220 BTC for $740 million, raising holdings to 607,770 BTC; also announced an IPO for 5 million STRC preferred shares to fund further Bitcoin purchases212.
• Ethereum ETFs saw a record $2.2 billion in weekly inflows, outpacing Bitcoin ETFs ; ETH price climbed above $3,800 and market cap exceeded $450 billion3418.
• U.S. passed the GENIUS Act (stablecoin regulation), Clarity Act (market structure), and Anti-CBDC Act; GENIUS Act signed into law16.
• Solana ($SOL) rallied to $192, reclaiming a $100 billion market cap, driven by ETF demand and a $60 monthly price gain5.
• NFT market cap surged 28% to $6.6 billion, led by a whale sweep of 45 CryptoPunks; blue-chip NFT volumes spiked1314.
• The Ether Machine to go public on Nasdaq via SPAC, holding $1.6 billion in ETH and planning DeFi expansion7.
• Polymarket acquired CFTC-licensed QCEX for $112 million, enabling a compliant U.S. relaunch of its prediction markets819.
• CoinDCX launched an $11 million bounty after a $44 million hack linked to Lazarus Group; operations stable6.
• Ethena raised $360 million for StablecoinX, which will buy 8% of ENA tokens and seek a Nasdaq listing under "USDE"9.
• Galaxy Digital’s $3 billion crypto portfolio, 33% Crypto.com stake, and AI data center plans drove a Piper Sandler upgrade11.
• Bullish (BLSH) and BitGo filed for U.S. IPOs amid rising institutional interest and a $4 trillion crypto market cap10.

Commentary

Institutional and corporate activity continues to drive crypto market structure, with Bitcoin and Ethereum both seeing significant inflows and new vehicles for exposure23. Trump Media ’s $2 billion Bitcoin position and MicroStrategy ’s ongoing accumulation, now over 607,000 BTC, reinforce Bitcoin’s status as a treasury reserve asset12. MicroStrategy’s planned STRC preferred share IPO signals continued intent to leverage capital markets for further BTC acquisitions12.

Ethereum ’s momentum is pronounced, with spot ETFs attracting record inflows and ETH outperforming majors, breaking above $3,800 and lifting its market cap past $450 billion3418. The passage and signing of the GENIUS Act and related U.S. legislation provide regulatory clarity, particularly for stablecoins and DeFi, and are cited as catalysts for institutional rotation into Ethereum and select altcoins164. Solana ’s ETF-driven rally and market cap recovery to $100 billion further highlight the broadening altcoin bid5.

NFTs staged their sharpest rally in years, with a large CryptoPunks purchase triggering a 28% jump in market cap and renewed volume across blue-chip collections1314. The Ether Machine’s planned Nasdaq listing, Ethena’s StablecoinX raise, and Polymarket’s QCEX acquisition all point to growing intersections between crypto and traditional capital markets78. Bullish and BitGo’s IPO filings reflect the sector’s push for public market access10.

Security remains a concern following CoinDCX’s $44 million breach, but platform stability and a substantial bounty program suggest operational resilience6. Galaxy Digital ’s diversified exposure and infrastructure investments continue to attract analyst upgrades, positioning it as a key institutional player11.

Traders should monitor ETF flows, regulatory developments, and corporate treasury moves for continued signals of institutional sentiment, while keeping an eye on security events and IPO activity for potential volatility triggers.

TL;DR

UK eyes $7B Bitcoin sale; Ethereum hits $3,800; CoinDCX hacked for $44M, covers losses.

Highlights

• UK government may sell £5B ($7B) in seized Bitcoin from a 2018 Ponzi scheme to address fiscal shortfalls, with a framework being developed for liquidation1.
• Indian exchange CoinDCX lost $44M in a server breach targeting an operational wallet; customer funds unaffected, losses covered by treasury, Web3 trading paused2.
• Ethereum rallied to $3,800, its 2025 high, with market cap above $450B; derivatives and ETF staking optimism drive institutional flows3.
• MicroStrategy reported a $14B Q2 gain on Bitcoin holdings, underscoring its ongoing accumulation and yield strategy4.
• ECB expected to hold rates amid U.S.-EU trade tensions and a dense week of global economic data6.
• EU prepares tariffs on U.S. services in response to Trump’s threatened 30% duties on EU goods7.
• Trump and Xi may meet at October APEC summit as U.S.-China trade talks intensify before August deadline8.
• Nvidia ’s China AI chip sales remain limited by TSMC capacity, despite eased U.S. export restrictions5.
• Microsoft warns of global exploitation of a critical SharePoint zero-day (CVE-2025-53770); urgent mitigation recommended10.
• Tesla to report Q2 earnings with shares down 20% YTD; focus on robotaxi plans and BYD competition9.

Commentary

The UK’s consideration of a £5B Bitcoin liquidation stands out as a potential supply event for the market1. While no timeline is set, the scale and government involvement warrant close monitoring, especially as similar actions by other jurisdictions could add pressure to spot markets1. Traders should be alert for official statements and any signals of coordinated government crypto sales.

Ethereum ’s strong rally to $3,800 is supported by both spot and derivatives activity, with open interest in futures and options reflecting deepening institutional engagement3. Optimism around U.S. spot ETF staking features is a key driver, and any regulatory updates here could further impact flows and volatility3. MicroStrategy ’s $14B Q2 gain reinforces the narrative of Bitcoin as a corporate treasury asset, with yield strategies gaining traction4.

Security remains a concern after CoinDCX’s $44M hack, though customer assets are reportedly unaffected and the exchange is covering losses2. The incident, alongside recent major breaches in the region, may keep regulatory scrutiny high for centralized platforms, with knock-on effects for both CeFi and DeFi sentiment2.

Macro conditions remain fluid: ECB rate decisions6, U.S.-EU tariff threats7, and the prospect of renewed U.S.-China talks8 all add to global risk. Nvidia ’s supply chain issues and Microsoft ’s zero-day exploit highlight ongoing tech vulnerabilities that could indirectly affect crypto infrastructure and sentiment510.

TL;DR

Trump signs U.S. stablecoin law; BlackRock, ETH ETFs see record inflows; Schwab to offer BTC/ETH trading.

Highlights

• Trump signed the GENIUS Act, establishing the first U.S. federal stablecoin regulations with 1:1 reserve backing, monthly reserve disclosures, and a licensing regime1.
• U.S. House advanced the CLARITY digital asset market-structure bill and an anti-CBDC proposal; Trump pledged to sign comprehensive crypto market legislation by year-end110.
• BlackRock bought $2.5B in Bitcoin and $395M in Ethereum for its ETFs as Ethereum ETFs saw a record $1B weekly inflow; cumulative ETH ETF inflows now exceed $7B23.
• Ethereum demand was further driven by Tom Lee’s plan to acquire 5% of ETH supply, Joe Lubin’s $5B ETH purchase plan, and BlackRock ’s filing for an Ethereum Staking ETF3.
• Charles Schwab will launch spot Bitcoin and Ethereum trading for 40M clients within 12 months4.
• Block Inc. (Square) joined the S&P 500, adding 8,584 BTC to the index and increasing passive institutional exposure to Bitcoin6.
• Bullish , backed by Peter Thiel, filed for a NYSE IPO under ticker BLSH despite a $349M Q1 loss7.
• MEI Pharma raised $100M to convert its treasury to Litecoin , the first U.S.-listed company to adopt LTC as its primary reserve asset; Litecoin creator Charlie Lee joins its board8.
• Indian exchange CoinDCX suffered a $44M hack but will fully cover losses from treasury, with no customer impact5.
• Coinbase , Robinhood , Circle , and MicroStrategy shares rallied on regulatory progress; Coinbase hit an all-time high, Circle trades at 8x IPO price, and more crypto firms are planning IPOs12.
• Trump reiterated opposition to CBDCs, threatened tariffs on BRICS, and positioned dollar-backed stablecoins as tools to defend the U.S. dollar9.
• Solana ecosystem token $PUMP dropped toward its presale price despite high liquidity, with debate over its near-term outlook and possible Solana leadership support13.

Commentary

U.S. crypto regulation advanced significantly, with the GENIUS Act establishing the first federal framework for stablecoins—mandating full reserve backing and clear oversight111. The House’s passage of the broader CLARITY bill and anti-CBDC measures, coupled with Trump’s commitment to additional legislation by year-end, signals a move toward greater regulatory certainty for U.S. crypto markets110. This clarity is being welcomed by both institutional investors and public markets, as reflected in the rally of crypto-linked equities and ETF inflows1112.

Ethereum led institutional flows, with record-setting ETF inflows and large-scale accumulation plans from Tom Lee and Joe Lubin3. BlackRock ’s continued expansion—including a filing for an Ethereum Staking ETF—further underscores the shift in institutional preference toward ETH, especially as it benefits from reduced transaction fees and positive regulatory developments23. In contrast, Bitcoin ETF flows were mixed, with BlackRock driving most of the new allocations while other providers saw flat or negative flows23. Block ’s addition to the S&P 500 increases passive BTC exposure for traditional index investors6.

Mainstream financial adoption is accelerating, with Charles Schwab preparing to offer direct BTC and ETH spot trading to its 40 million clients4. The IPO pipeline remains active, as Bullish and other crypto firms seek public listings despite profitability challenges, indicating ongoing investor appetite for regulated crypto platforms712. MEI Pharma ’s Litecoin treasury move marks a rare corporate bet on altcoin reserves, while the $PUMP token’s price decline highlights the volatility and sentiment-driven dynamics in the Solana ecosystem813.

Security remains a concern: CoinDCX’s $44M hack was contained by treasury backstopping, but the event underscores ongoing risks for centralized exchanges5. Meanwhile, Trump’s vocal opposition to CBDCs and support for dollar-backed stablecoins reinforce the U.S. policy tilt toward private-sector digital dollar solutions amid global currency competition9.

Traders should monitor regulatory implementation timelines, ETF flow trends (especially ETH vs. BTC), and TradFi integration pace. Security incidents and liquidity events in altcoins and exchanges remain critical risk factors.