CryptoCalibur pinned «April Weekly Update #1 March 24th to 30th Recap: ▫️Strategy acquired an additional 6,911 BTC for $584.1M at $84,529 per BTC ▫️FDIC clarified that banks can engage in permitted crypto activities without prior approval ▫️GameStop updated investment policy…»
April Weekly Update #2
March 31st to April 6th Recap:
▫️Strategy acquired an additional 22,048 BTC for $1.92 B at $86,969 per BTC
▫️GameStop announced $1.48B in net proceeds from notes, to be used for BTC acquisition & corporate purposes
▫️Circle paid $210M in stock to acquire Coinbase’s stake in Centre & filed for IPO
▫️Tether revealed to have purchased 8,888 Bitcoin in Q1, bringing total holdings to $7.8B
▫️Bitwise launched three active option income strategy ETFs; $IMST, $ICOI,& $IMRA which distribute monthly income based on the performance of MSTR, COIN, & MARA.
▫️Fidelity announced that investors can directly invest in crypto through new IRA plan
▫️PayPal added SOL & LINK for customers in the U.S. & U.S. territories
▫️Grayscale filed for SOL ETF & SEC acknowledged filing for Fidelity SOL ETF
▫️SEC indicated that Covered Stablecoins are not considered securities
▫️Dollar stablecoin market cap hit a new ATH of $234.6B on March 27, 2025, up by 15% since the start of 2025
▫️Codex raised $16M to build a stablecoin specific blockchain platform
▫️0xbow launched ‘Privacy Pools’, inspired by Vitalik Buterin’s research with Vitalik one of the first to deposit funds
▫️Uniswap DAO voting resulted in $113M 'Treasury Delegation' program to continue to allocate UNI tokens to delegates
▫️Ethereum developers confirmed May 7 date for Pectra upgrade
▫️Memecoins accounted for 92% of Solana’s DEX volume, despite daily volumes on Solana falling from $12B in January to $720M in March
▫️Ethereum reclaimed 1st spot for DEX trading in March, overtaking Solana for the 1st time since September
▫️DeFi TVL fell 30% from December high to sit at under $95B
🔼 Bitcoin Weekly High: $87,869
🔽 Bitcoin Weekly Low: $78,923
🔼 Ethereum Weekly High: $1,933
🔽 Ethereum Weekly Low: $1,588
April 7th to 13th Upcoming Events:
▪️April 9 - MOVE, $16M token unlock 🔓
▪️April 10 - US inflation announcement 🇺🇸
▪️April 11 - 2nd SEC Crypto Task Force Roundtable 🇺🇸
▪️April 12 - APT, $50M token unlock 🔓
▪️April 12 - AXS, $21.8M token unlock 🔓
*Nota Bene:
As outlined last week, the Trump administration’s sweeping tariff announcements went on to cause severe declines in global markets with crypto markets following suit over the weekend.
BTC recorded another 7% WoW drop trading at around $77.2k at the time of writing while most altcoins saw a percentage loss in the double digits. US BTC ETFs lost $165M in value while ETH ETFs saw outflows worth $50M. Globally, digital asset investment products saw outflows totalling $240M with BTC seeing $207M in outflows, with ETH seeing $37M in outflows with some Canadian buying offsetting the general pattern of outflows.
With the sudden loss of value in the markets over the weekend we can expect to see more outflows on Monday unless institutions see something we have yet to identify.
In the week ahead it will be telling if the Trump administration shows any flexibility in negotiating tariffs which may lead to some recovery but as it stands recession fears have taken center stage. In any case, the frequency of announcements & overall uncertainty with regards to the state of global trade tariffs have the bears firmly in control.
March 31st to April 6th Recap:
▫️Strategy acquired an additional 22,048 BTC for $1.92 B at $86,969 per BTC
▫️GameStop announced $1.48B in net proceeds from notes, to be used for BTC acquisition & corporate purposes
▫️Circle paid $210M in stock to acquire Coinbase’s stake in Centre & filed for IPO
▫️Tether revealed to have purchased 8,888 Bitcoin in Q1, bringing total holdings to $7.8B
▫️Bitwise launched three active option income strategy ETFs; $IMST, $ICOI,& $IMRA which distribute monthly income based on the performance of MSTR, COIN, & MARA.
▫️Fidelity announced that investors can directly invest in crypto through new IRA plan
▫️PayPal added SOL & LINK for customers in the U.S. & U.S. territories
▫️Grayscale filed for SOL ETF & SEC acknowledged filing for Fidelity SOL ETF
▫️SEC indicated that Covered Stablecoins are not considered securities
▫️Dollar stablecoin market cap hit a new ATH of $234.6B on March 27, 2025, up by 15% since the start of 2025
▫️Codex raised $16M to build a stablecoin specific blockchain platform
▫️0xbow launched ‘Privacy Pools’, inspired by Vitalik Buterin’s research with Vitalik one of the first to deposit funds
▫️Uniswap DAO voting resulted in $113M 'Treasury Delegation' program to continue to allocate UNI tokens to delegates
▫️Ethereum developers confirmed May 7 date for Pectra upgrade
▫️Memecoins accounted for 92% of Solana’s DEX volume, despite daily volumes on Solana falling from $12B in January to $720M in March
▫️Ethereum reclaimed 1st spot for DEX trading in March, overtaking Solana for the 1st time since September
▫️DeFi TVL fell 30% from December high to sit at under $95B
April 7th to 13th Upcoming Events:
▪️April 9 - MOVE, $16M token unlock 🔓
▪️April 10 - US inflation announcement 🇺🇸
▪️April 11 - 2nd SEC Crypto Task Force Roundtable 🇺🇸
▪️April 12 - APT, $50M token unlock 🔓
▪️April 12 - AXS, $21.8M token unlock 🔓
*Nota Bene:
As outlined last week, the Trump administration’s sweeping tariff announcements went on to cause severe declines in global markets with crypto markets following suit over the weekend.
BTC recorded another 7% WoW drop trading at around $77.2k at the time of writing while most altcoins saw a percentage loss in the double digits. US BTC ETFs lost $165M in value while ETH ETFs saw outflows worth $50M. Globally, digital asset investment products saw outflows totalling $240M with BTC seeing $207M in outflows, with ETH seeing $37M in outflows with some Canadian buying offsetting the general pattern of outflows.
With the sudden loss of value in the markets over the weekend we can expect to see more outflows on Monday unless institutions see something we have yet to identify.
In the week ahead it will be telling if the Trump administration shows any flexibility in negotiating tariffs which may lead to some recovery but as it stands recession fears have taken center stage. In any case, the frequency of announcements & overall uncertainty with regards to the state of global trade tariffs have the bears firmly in control.
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CryptoCalibur pinned «April Weekly Update #2 March 31st to April 6th Recap: ▫️Strategy acquired an additional 22,048 BTC for $1.92 B at $86,969 per BTC ▫️GameStop announced $1.48B in net proceeds from notes, to be used for BTC acquisition & corporate purposes ▫️Circle paid $210M…»
April Weekly Update #3
April 7th to April 13th Recap:
▫️Trump signed resolution to repeal IRS DeFi broker crypto rule
▫️Over $1B worth of liquidations on Monday
▫️Ripple acquired multi asset prime broker Hidden Road for $1.25B
▫️Galaxy Digital received SEC approval for U.S. listing, with Nasdaq debut in May outlined
▫️US Justice Department disbanded crypto enforcement unit
▫️Jack Dorsey’s Block fined $40M for KYC/ AML & crypto compliance failures
▫️CryptoPunk trader pleaded guilty to hiding $13M profits from IRS, faces up to 6 years in prison
▫️SEC approved options on multiple spot ETH ETFs
▫️US Senate confirmed Paul Atkins to lead the SEC under Trump
▫️New York judge ruled against most of DCG’s motion to dismiss NYAG’s civil securities fraud suit
▫️SEC dropped unregistered securities claims against Helium tokens after Nova Labs agreed to $200k settlement
▫️21Shares filed S-1 for Dogecoin ETF
▫️BlackRock added Anchorage Digital as new crypto custodian
▫️Binance announced plan to launch LDUSDT, a second 'reward-bearing margin asset' for its futures platform
▫️Ben Leventhal raised another $50M for crypto dining app Blackbird
▫️Magic Eden acquired crypto trading app Slingshot
▫️Former Ethereum Foundation developer Virgil Griffith released from prison
▫️Daily active addresses on Sui Network jumped to 2.2M
▫️Data revealed that Raydium accounts for close to 50% of total DEX volume on Solana in 2025
▫️MegaETH revealed to lead EVM chains in computational throughput
🔼 Bitcoin Weekly High: $85,778
🔽 Bitcoin Weekly Low: $75,005
🔼 Ethereum Weekly High: $1,682
🔽 Ethereum Weekly Low: $1,406
April 14th to 20th Upcoming Events:
▪️April 15 - STRK, $16M token unlock 🔓
▪️April 15 - “Vitalik: An Ethereum Story,” premiers globally on Apple TV & Prime Video 📺
▪️April 15 - SEI, $10M token unlock 🔓
▪️April 16 - ARB, $28M token unlock 🔓
▪️April 17 - Slashing goes live on EigenLayer mainnet
▪️April 18 - TRUMP, $325M token unlock 🔓
*Nota Bene:
With the markets in a state of uncertainty due to the developing trade tariff wars, a 90 day pause in tariffs for most countries by the US was viewed favorably as BTC climbed around 5% WoW.
Despite the price gain, US BTC ETFs lost $707M while ETH ETFs lost $82M over the 4 day period with available reporting data. Globally, digital asset investment products saw $795M in outflows last week
While the overall macro outlook remains uncertain, crypto industry-specific developments continue in a positive trend as regulatory clarity around stablecoins (non-interest bearing), crypto-friendly appointments, & the DoJ pulling back on non-criminal oversight are all positive for the space. Additionally BTC on-chain data (30-day sum of long-term holdings) showed long-term holders accumulating at current price levels which shows that a significant cohort sees value at these price-levels.
Looking forward, volatility is expected to continue in the week ahead, with any tariff updates on China or otherwise potentially being the main catalysts behind sharp moves in either direction.
April 7th to April 13th Recap:
▫️Trump signed resolution to repeal IRS DeFi broker crypto rule
▫️Over $1B worth of liquidations on Monday
▫️Ripple acquired multi asset prime broker Hidden Road for $1.25B
▫️Galaxy Digital received SEC approval for U.S. listing, with Nasdaq debut in May outlined
▫️US Justice Department disbanded crypto enforcement unit
▫️Jack Dorsey’s Block fined $40M for KYC/ AML & crypto compliance failures
▫️CryptoPunk trader pleaded guilty to hiding $13M profits from IRS, faces up to 6 years in prison
▫️SEC approved options on multiple spot ETH ETFs
▫️US Senate confirmed Paul Atkins to lead the SEC under Trump
▫️New York judge ruled against most of DCG’s motion to dismiss NYAG’s civil securities fraud suit
▫️SEC dropped unregistered securities claims against Helium tokens after Nova Labs agreed to $200k settlement
▫️21Shares filed S-1 for Dogecoin ETF
▫️BlackRock added Anchorage Digital as new crypto custodian
▫️Binance announced plan to launch LDUSDT, a second 'reward-bearing margin asset' for its futures platform
▫️Ben Leventhal raised another $50M for crypto dining app Blackbird
▫️Magic Eden acquired crypto trading app Slingshot
▫️Former Ethereum Foundation developer Virgil Griffith released from prison
▫️Daily active addresses on Sui Network jumped to 2.2M
▫️Data revealed that Raydium accounts for close to 50% of total DEX volume on Solana in 2025
▫️MegaETH revealed to lead EVM chains in computational throughput
April 14th to 20th Upcoming Events:
▪️April 15 - STRK, $16M token unlock 🔓
▪️April 15 - “Vitalik: An Ethereum Story,” premiers globally on Apple TV & Prime Video 📺
▪️April 15 - SEI, $10M token unlock 🔓
▪️April 16 - ARB, $28M token unlock 🔓
▪️April 17 - Slashing goes live on EigenLayer mainnet
▪️April 18 - TRUMP, $325M token unlock 🔓
*Nota Bene:
With the markets in a state of uncertainty due to the developing trade tariff wars, a 90 day pause in tariffs for most countries by the US was viewed favorably as BTC climbed around 5% WoW.
Despite the price gain, US BTC ETFs lost $707M while ETH ETFs lost $82M over the 4 day period with available reporting data. Globally, digital asset investment products saw $795M in outflows last week
While the overall macro outlook remains uncertain, crypto industry-specific developments continue in a positive trend as regulatory clarity around stablecoins (non-interest bearing), crypto-friendly appointments, & the DoJ pulling back on non-criminal oversight are all positive for the space. Additionally BTC on-chain data (30-day sum of long-term holdings) showed long-term holders accumulating at current price levels which shows that a significant cohort sees value at these price-levels.
Looking forward, volatility is expected to continue in the week ahead, with any tariff updates on China or otherwise potentially being the main catalysts behind sharp moves in either direction.
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April Weekly Update #4
April 14th to 20th Recap:
▫️Strategy acquired an additional 3,459 BTC for $285.8M at $82,618 per BTC
▫️MANTRA's token fell 90% in 24 hour crash, losing $5.25B in market cap
▫️Securitize acquired MG Stover's digital asset fund administration unit; resulting in $38B in assets under administration
▫️Semler Scientific filed $500M offering to fund BTC purchases after reporting $42M BTC paper loss
▫️Crypto exchange OKX relaunched in U.S. after settling with DOJ for $500M
▫️BTC miner CleanSpark announced $200M BTC-backed credit facility from Coinbase
▫️Tether announced strategic investment in self custody wallet provider Fizen
▫️Solana-based Solayer introduced new non-custodial crypto debit card
▫️Privacy focused exchange eXch shutting down operations amid links to laundering Bybit hack funds
▫️ZKsync disclosed $5M attack from compromised airdrop admin account
▫️World Liberty Financial received $25M investment from DWF Labs
▫️Treehouse Labs secured a strategic funding round at a $400M valuation
▫️MIT-incubated Optimum raised $11M seed round to build blockchain agnostic memory layer enhancement protocol
▫️Applications on Ethereum revealed to have generated $1.01B in fees during Q1 2025
▫️Applications on Base revealed to have generated $193.4M in fees during Q1 2025
▫️DeFi revealed to now comprise 60% of all crypto lending
▫️Arbitrum became the first L2 to cross $300B in volume on Uniswap
🔼 Bitcoin Weekly High: $85,940
🔽 Bitcoin Weekly Low: $83,205
🔼 Ethereum Weekly High: $1,674
🔽 Ethereum Weekly Low: $1,557
April 21st to 27th Upcoming Events:
▪️April 23 - MURA, $4M token unlock 🔓
▪️April 25 - VENOM, $8.3M token unlock 🔓
▪️April 25 - 3rd US Crypto Policy Roundtable 🇺🇸
*Nota Bene:
The past week proved to be quite neutral for both global markets & crypto as BTC traded a little shy of 2% up WoW. This was reflected in ETF flows as US BTC ETFs gathered only $13M in flows while ETH ETFs lost $32M over the shortened four day trading week.
By contrast, digital asset investment products in Europe & Canada reflected a more positive sentiment, with inflows of $43.7M in Switzerland, 22.3M in Germany, & $9.4M in Canada leading to combined inflows worth $75.4M.
Rather unsurprisingly, US trade policy continues to dominate markets as Trump's announcement around exempting electronics from tariffs led to a rally in the market early this week before normalizing. However, crypto-specific regulatory news continues to veer towards positivity as Fed Chair Powell voiced support for stablecoin regulation and responsible banking involvement with the crypto industry. In the coming week, tariffs again will continue to be the major price catalyst with any announcements concerning US trade deals with Japan or Italy probably moving markets favorably.
April 14th to 20th Recap:
▫️Strategy acquired an additional 3,459 BTC for $285.8M at $82,618 per BTC
▫️MANTRA's token fell 90% in 24 hour crash, losing $5.25B in market cap
▫️Securitize acquired MG Stover's digital asset fund administration unit; resulting in $38B in assets under administration
▫️Semler Scientific filed $500M offering to fund BTC purchases after reporting $42M BTC paper loss
▫️Crypto exchange OKX relaunched in U.S. after settling with DOJ for $500M
▫️BTC miner CleanSpark announced $200M BTC-backed credit facility from Coinbase
▫️Tether announced strategic investment in self custody wallet provider Fizen
▫️Solana-based Solayer introduced new non-custodial crypto debit card
▫️Privacy focused exchange eXch shutting down operations amid links to laundering Bybit hack funds
▫️ZKsync disclosed $5M attack from compromised airdrop admin account
▫️World Liberty Financial received $25M investment from DWF Labs
▫️Treehouse Labs secured a strategic funding round at a $400M valuation
▫️MIT-incubated Optimum raised $11M seed round to build blockchain agnostic memory layer enhancement protocol
▫️Applications on Ethereum revealed to have generated $1.01B in fees during Q1 2025
▫️Applications on Base revealed to have generated $193.4M in fees during Q1 2025
▫️DeFi revealed to now comprise 60% of all crypto lending
▫️Arbitrum became the first L2 to cross $300B in volume on Uniswap
April 21st to 27th Upcoming Events:
▪️April 23 - MURA, $4M token unlock 🔓
▪️April 25 - VENOM, $8.3M token unlock 🔓
▪️April 25 - 3rd US Crypto Policy Roundtable 🇺🇸
*Nota Bene:
The past week proved to be quite neutral for both global markets & crypto as BTC traded a little shy of 2% up WoW. This was reflected in ETF flows as US BTC ETFs gathered only $13M in flows while ETH ETFs lost $32M over the shortened four day trading week.
By contrast, digital asset investment products in Europe & Canada reflected a more positive sentiment, with inflows of $43.7M in Switzerland, 22.3M in Germany, & $9.4M in Canada leading to combined inflows worth $75.4M.
Rather unsurprisingly, US trade policy continues to dominate markets as Trump's announcement around exempting electronics from tariffs led to a rally in the market early this week before normalizing. However, crypto-specific regulatory news continues to veer towards positivity as Fed Chair Powell voiced support for stablecoin regulation and responsible banking involvement with the crypto industry. In the coming week, tariffs again will continue to be the major price catalyst with any announcements concerning US trade deals with Japan or Italy probably moving markets favorably.
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CryptoCalibur pinned «April Weekly Update #4 April 14th to 20th Recap: ▫️Strategy acquired an additional 3,459 BTC for $285.8M at $82,618 per BTC ▫️MANTRA's token fell 90% in 24 hour crash, losing $5.25B in market cap ▫️Securitize acquired MG Stover's digital asset fund administration…»
April Weekly Update #5
April 21st to 27th Recap:
▫️Strategy acquired an additional 6,556 BTC for $555.8M at $84,785 per BTC
▫️Cantor struck $3B crypto venture deal with Softbank & Tether
▫️DeFi Development Company, filed $1B shelf offering with SEC to boost SOL treasury
▫️SOL Strategies secured $500M convertible note facility to expand SOL holdings
▫️U.S. Federal Reserve withdrew guidance for banks related to their crypto-asset & dollar token activities
▫️DeFi Development (JNVR) raised SOL holdings to $48M with discounted token purchase via BitGo
▫️Tether announced additional share purchases in Juventus FC to cross 10% stake
▫️BlackRock’s BUIDL fund surpassed $2.3B in supply, one month after crossing the $1B mark
▫️Mantle launched $400M Mantle Index Four (MI4) fund with Securitize as tokenization partner
▫️21Shares filed for SUI ETF & Bitwise registered a NEAR ETF in Delaware
▫️RockawayX raised $125M for 2nd fund to primarily invest in Solana projects
▫️Paradigm injected close to $50M into decentralized AI startup Nous Research at $1B valuation
▫️Paradigm-backed restaking protocol Symbiotic raised $29M in Series A funding
▫️Stablecoin transaction volumes revealed to have eclipsed Visa's for the first time in 2024 at close to $14T
▫️Messari revealed that 6 entities currently issue over 90% of all tokenized treasuries
▫️TRON network surpassed $70B in circulating USDT
▫️Applications on BNB revealed to have generated $170.2M in fees during Q1 2025
🔼 Bitcoin Weekly High: $95,586
🔽 Bitcoin Weekly Low: $85,171
🔼 Ethereum Weekly High: $1,844
🔽 Ethereum Weekly Low: $1,566
April 28th to May 4th Upcoming Events:
▪️April 30 - OP, $25M token unlock 🔓
▪️April 30 - Hong Kong's BTC & ETH ETFs to begin trading 🇭🇰
▪️May 1 - SUI, $266M token unlock 🔓
▪️May 1 - ZETA,, $11M token unlock 🔓
▪️May 2 - ENA, $14M token unlock 🔓
▪️May 2 - US unemployment rate announcement 🇺🇸
*Nota Bene:
Trump softening his tone on China & displaying a willingness to negotiate led to a positive week for crypto & the markets broadly. As a result, the total crypto market cap & BTC both recorded over 10% WoW gains with BTC touching $95.3k before trading at around $94k at the time of writing.
ETF flows matched the bullish sentiment as US BTC ETFs generated $3.03B worth of inflows while ETH ETFs drew in a comparatively low $156M of inflows highlighting the narrative issues ETH is facing. Globally, digital asset investment products saw a total of $3.4B last week, the 3rd largest inflows on record, & the largest inflows since mid-December 2024. BTC products attracted $3.18B in inflows while ETH products saw $183M worth of inflows breaking an 8-week run of outflows.
BTC specifically benefited from the macro developments & other positive news including Cantor Equity Partners’ announcement of a BTC holding company (Twenty One Capital). Interestingly, BTC promisingly moved sharply inverse to gold, a trend which could cement the digital asset’s position in a range of client portfolios if it remains constant.
While tariff-related headline risks remain in the week ahead it will be worth paying attention to see if macro news such as a potentially weaker US unemployment announcement on Friday impacts prices.
April 21st to 27th Recap:
▫️Strategy acquired an additional 6,556 BTC for $555.8M at $84,785 per BTC
▫️Cantor struck $3B crypto venture deal with Softbank & Tether
▫️DeFi Development Company, filed $1B shelf offering with SEC to boost SOL treasury
▫️SOL Strategies secured $500M convertible note facility to expand SOL holdings
▫️U.S. Federal Reserve withdrew guidance for banks related to their crypto-asset & dollar token activities
▫️DeFi Development (JNVR) raised SOL holdings to $48M with discounted token purchase via BitGo
▫️Tether announced additional share purchases in Juventus FC to cross 10% stake
▫️BlackRock’s BUIDL fund surpassed $2.3B in supply, one month after crossing the $1B mark
▫️Mantle launched $400M Mantle Index Four (MI4) fund with Securitize as tokenization partner
▫️21Shares filed for SUI ETF & Bitwise registered a NEAR ETF in Delaware
▫️RockawayX raised $125M for 2nd fund to primarily invest in Solana projects
▫️Paradigm injected close to $50M into decentralized AI startup Nous Research at $1B valuation
▫️Paradigm-backed restaking protocol Symbiotic raised $29M in Series A funding
▫️Stablecoin transaction volumes revealed to have eclipsed Visa's for the first time in 2024 at close to $14T
▫️Messari revealed that 6 entities currently issue over 90% of all tokenized treasuries
▫️TRON network surpassed $70B in circulating USDT
▫️Applications on BNB revealed to have generated $170.2M in fees during Q1 2025
April 28th to May 4th Upcoming Events:
▪️April 30 - OP, $25M token unlock 🔓
▪️April 30 - Hong Kong's BTC & ETH ETFs to begin trading 🇭🇰
▪️May 1 - SUI, $266M token unlock 🔓
▪️May 1 - ZETA,, $11M token unlock 🔓
▪️May 2 - ENA, $14M token unlock 🔓
▪️May 2 - US unemployment rate announcement 🇺🇸
*Nota Bene:
Trump softening his tone on China & displaying a willingness to negotiate led to a positive week for crypto & the markets broadly. As a result, the total crypto market cap & BTC both recorded over 10% WoW gains with BTC touching $95.3k before trading at around $94k at the time of writing.
ETF flows matched the bullish sentiment as US BTC ETFs generated $3.03B worth of inflows while ETH ETFs drew in a comparatively low $156M of inflows highlighting the narrative issues ETH is facing. Globally, digital asset investment products saw a total of $3.4B last week, the 3rd largest inflows on record, & the largest inflows since mid-December 2024. BTC products attracted $3.18B in inflows while ETH products saw $183M worth of inflows breaking an 8-week run of outflows.
BTC specifically benefited from the macro developments & other positive news including Cantor Equity Partners’ announcement of a BTC holding company (Twenty One Capital). Interestingly, BTC promisingly moved sharply inverse to gold, a trend which could cement the digital asset’s position in a range of client portfolios if it remains constant.
While tariff-related headline risks remain in the week ahead it will be worth paying attention to see if macro news such as a potentially weaker US unemployment announcement on Friday impacts prices.
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CryptoCalibur pinned «April Weekly Update #5 April 21st to 27th Recap: ▫️Strategy acquired an additional 6,556 BTC for $555.8M at $84,785 per BTC ▫️Cantor struck $3B crypto venture deal with Softbank & Tether ▫️DeFi Development Company, filed $1B shelf offering with SEC to boost…»
May Weekly Update #1
April 28th to May 4th Recap:
▫️Strategy acquired an additional 15,355 BTC for $1.42B at $92,737 per BTC
▫️Tether revealed quarterly operating profit over $1B in Q1 2025, & holdings close to $120B in U.S. Treasuries
▫️Kraken announced Q1 revenue hit $472M, marking a 19% year-over-year increase
▫️Strategy announced plan to offer up to $21B in class A stock via ATM sales agreement
▫️Metaplanet revealed plan to establish US subsidiary, capitalized with $250M to fund BTC treasury strategy
▫️Libre & TON Foundation launched $500M Telegram Bond Fund ($TBF) on TON Blockchain
▫️EU announced plan to ban anonymous crypto accounts & currencies by 2027 under new AML rules
▫️Arizona Legislature passed Bitcoin reserve bills
▫️SEC ended investigation into PayPal’s PYUSD stablecoin
▫️Mango Markets exploiter Avaraham Eisenberg sentenced to 52 months in prison
▫️Coinbase launched the institutional Coinbase Bitcoin Yield Fund offering 4% to 8% yield on BTC
▫️Crypto VC dao5 closed $222M second fund after investments in Berachain & Bittensor
▫️Camp Network raised $25M for AI blockchain platform helping firms collect AI copyright royalties
▫️Andreessen Horowitz led $25M round for ZK privacy project Miden, an offshoot of Polygon Labs
▫️Quarterly tx fee revenue on ETH revealed to be down 95% from ATH in Q4 2021
▫️SOL shown to have outpaced every other chain in revenue generation for Q1 2025
▫️Circle's stablecoin supply shown to be up 37.22% since early 2025
▫️15.4M unique addresses interacting with a chain in the ETH ecosystem in a given week represented a new ATH
▫️ETH researcher Dankrad Feist proposed 100-fold 'exponential' gas limit boost to improve mainnet scaling
🔼 Bitcoin Weekly High: $97,754
🔽 Bitcoin Weekly Low: $93,412
🔼 Ethereum Weekly High: $1,866
🔽 Ethereum Weekly Low: $1,749
May 5th to 11th Upcoming Events:
May 5 - ENA, $50M token unlock 🔓
May 7 - KAS, $13M token unlock 🔓
May 7 - US interest rate announcement 🇺🇸
May 7 - Ethereum’s Pectra Upgrade Mainnet Activation
May 9 - MOVE, $8M token unlock 🔓
May 11- LAYER, $80.5M token unlock 🔓
*Nota Bene:
Global markets generally had a positive week as BTC tread water price-wise & closed the week neutral WoW despite strong flows into ETFs. US BTC ETFs recorded $1.8B worth of inflows while US ETH ETFs also recorded another positive week with $108M worth of inflows.
Globally, digital asset investment products recorded a third consecutive week of inflows worth $2B with BTC recording $1.8B worth of inflows while ETH saw $149M worth of inflows.
Strength in both traditional & digital asset markets was partly caused by a surprisingly strong Big Tech earnings season compounded by a strong US jobs report that highlighted the relative strength of the US economy despite lingering tariff threats.
Looking forward, with the Fed rate announcement in the week ahead along with the consensus being that rates will hold steady; the tone of the economic guidance given by Fed Chair could result in notable market movements soon afterwards.
April 28th to May 4th Recap:
▫️Strategy acquired an additional 15,355 BTC for $1.42B at $92,737 per BTC
▫️Tether revealed quarterly operating profit over $1B in Q1 2025, & holdings close to $120B in U.S. Treasuries
▫️Kraken announced Q1 revenue hit $472M, marking a 19% year-over-year increase
▫️Strategy announced plan to offer up to $21B in class A stock via ATM sales agreement
▫️Metaplanet revealed plan to establish US subsidiary, capitalized with $250M to fund BTC treasury strategy
▫️Libre & TON Foundation launched $500M Telegram Bond Fund ($TBF) on TON Blockchain
▫️EU announced plan to ban anonymous crypto accounts & currencies by 2027 under new AML rules
▫️Arizona Legislature passed Bitcoin reserve bills
▫️SEC ended investigation into PayPal’s PYUSD stablecoin
▫️Mango Markets exploiter Avaraham Eisenberg sentenced to 52 months in prison
▫️Coinbase launched the institutional Coinbase Bitcoin Yield Fund offering 4% to 8% yield on BTC
▫️Crypto VC dao5 closed $222M second fund after investments in Berachain & Bittensor
▫️Camp Network raised $25M for AI blockchain platform helping firms collect AI copyright royalties
▫️Andreessen Horowitz led $25M round for ZK privacy project Miden, an offshoot of Polygon Labs
▫️Quarterly tx fee revenue on ETH revealed to be down 95% from ATH in Q4 2021
▫️SOL shown to have outpaced every other chain in revenue generation for Q1 2025
▫️Circle's stablecoin supply shown to be up 37.22% since early 2025
▫️15.4M unique addresses interacting with a chain in the ETH ecosystem in a given week represented a new ATH
▫️ETH researcher Dankrad Feist proposed 100-fold 'exponential' gas limit boost to improve mainnet scaling
May 5th to 11th Upcoming Events:
May 5 - ENA, $50M token unlock 🔓
May 7 - KAS, $13M token unlock 🔓
May 7 - US interest rate announcement 🇺🇸
May 7 - Ethereum’s Pectra Upgrade Mainnet Activation
May 9 - MOVE, $8M token unlock 🔓
May 11- LAYER, $80.5M token unlock 🔓
*Nota Bene:
Global markets generally had a positive week as BTC tread water price-wise & closed the week neutral WoW despite strong flows into ETFs. US BTC ETFs recorded $1.8B worth of inflows while US ETH ETFs also recorded another positive week with $108M worth of inflows.
Globally, digital asset investment products recorded a third consecutive week of inflows worth $2B with BTC recording $1.8B worth of inflows while ETH saw $149M worth of inflows.
Strength in both traditional & digital asset markets was partly caused by a surprisingly strong Big Tech earnings season compounded by a strong US jobs report that highlighted the relative strength of the US economy despite lingering tariff threats.
Looking forward, with the Fed rate announcement in the week ahead along with the consensus being that rates will hold steady; the tone of the economic guidance given by Fed Chair could result in notable market movements soon afterwards.
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CryptoCalibur pinned «May Weekly Update #1 April 28th to May 4th Recap: ▫️Strategy acquired an additional 15,355 BTC for $1.42B at $92,737 per BTC ▫️Tether revealed quarterly operating profit over $1B in Q1 2025, & holdings close to $120B in U.S. Treasuries ▫️Kraken announced…»
May Weekly Update #2
May 5th to 11th Recap:
▫️Strategy acquired an additional 1,895 BTC for $180.3M at $95,167 per BTC
▫️Coinbase announced $2.9B deal to acquire crypto options platform Deribit
▫️New Hampshire passed the 1st US state 'Strategic Bitcoin Reserve' bill
▫️Arizona became 2nd US state to enact crypto reserve bill
▫️Dubai based MBS Global Investments announced plan to build $9B blockchain hub in the Maldives
▫️Cumulative inflows into the BTC ETFs hit a new ATH of $40.62B
▫️US Senate voted to halt stablecoin bill amid rising concerns over Trump's crypto involvement
▫️Senate Democrat opened investigation into Trump's crypto businesses
▫️SEC reached $50M settlement with Ripple ending landmark case
▫️Bitwise filed S-1 for NEAR ETF
▫️Celsius founder Alex Mashinsky sentenced to 12 years for crypto fraud
▫️Stablecoin tx volumes revealed to have hit a new ATH of $1.82T last month
▫️98% of tokens on Pump. Fun reported to have been rug pulls or an act of fraud
▫️Jump Crypto secured 'strategic' equity stake in Securitize
▫️Web3 consumer rewards platform T-Rex secured $17M in pre-seed funding
▫️Arbitrum DAO approved 35M ARB allocation to tokenized US Treasurys from Franklin Templeton, Spiko, & WisdomTree
▫️VCs shown to have invested $4.8B (+54% QoQ) into crypto/web3 across 446 deals in Q1, 2025
▫️Lido 'secure' after oracle compromise sparked emergency DAO vote
▫️ETH developers activated Pectra upgrade with 11 changes to improve UX, validator ops & L2 scaling
▫️DEX TVL on ETH revealed to be down around 90% from ATHs, while monthly DEX volume is down around 55%
▫️Unichain hit a 50% market share & overtook ETH as the leading chain for Uniswap v4
▫️The weighted average cost to produce 1 BTC among publicly listed miners revealed to have jumped by 47% to $82,162 in Q4 2024
🔼 Bitcoin Weekly High: $104,869
🔽 Bitcoin Weekly Low: $93,799
🔼 Ethereum Weekly High: $2,589
🔽 Ethereum Weekly Low: $1,760
May 12th to 18th Upcoming Events:
▪️May 12 - SEC Crypto Crypto Task Force Roundtable on Tokenization 🇺🇸
▪️May 13 - US Consumer Price Index announcement 🇺🇸
▪️May 14 to 16 - Consensus Toronto 2025
▪️May 15 - STRK, $24M token unlock 🔓
▪️May 15- SEI, $14.5M token unlock 🔓
▪️May 16 - IMX, $18M token unlock 🔓
▪️May 16 - ARB, $41M token unlock 🔓
▪️May 17 - AVAX, $42M token unlock 🔓
*Nota Bene:
The markets soared in the week as multiple positive news developments hit media outlets, with the most significant being the announcement of a US/UK deal & Trump calling a "total reset" on US-China trade ties.
At the time of writing BTC is trading up 10% WoW, touching $105k over the weekend while ETH rallied a massive 40% WoW crossing $2,500. Possibly powered by a successful Pectra mainnet deployment.
Strong weekly BTC ETF flows continued with US BTC ETFs accumulating $921M as US ETFs reached a record $62.9B in cumulative net inflows since launching in January 2024. Globally, digital asset investment products saw $882M in inflows last week, as outflows in Canada, Hong Kong, & Sweden brought the inflow total down slightly. However, the positive 7 day period marked 4 consecutive weeks of gains & brought YTD inflows to $6.7B.
Considering last week’s rally, the week ahead could be one of consolidation unless further promising details regarding US-China trade negotiations emerge or a weaker than expected US Consumer Price Index reading is announced on Tuesday.
May 5th to 11th Recap:
▫️Strategy acquired an additional 1,895 BTC for $180.3M at $95,167 per BTC
▫️Coinbase announced $2.9B deal to acquire crypto options platform Deribit
▫️New Hampshire passed the 1st US state 'Strategic Bitcoin Reserve' bill
▫️Arizona became 2nd US state to enact crypto reserve bill
▫️Dubai based MBS Global Investments announced plan to build $9B blockchain hub in the Maldives
▫️Cumulative inflows into the BTC ETFs hit a new ATH of $40.62B
▫️US Senate voted to halt stablecoin bill amid rising concerns over Trump's crypto involvement
▫️Senate Democrat opened investigation into Trump's crypto businesses
▫️SEC reached $50M settlement with Ripple ending landmark case
▫️Bitwise filed S-1 for NEAR ETF
▫️Celsius founder Alex Mashinsky sentenced to 12 years for crypto fraud
▫️Stablecoin tx volumes revealed to have hit a new ATH of $1.82T last month
▫️98% of tokens on Pump. Fun reported to have been rug pulls or an act of fraud
▫️Jump Crypto secured 'strategic' equity stake in Securitize
▫️Web3 consumer rewards platform T-Rex secured $17M in pre-seed funding
▫️Arbitrum DAO approved 35M ARB allocation to tokenized US Treasurys from Franklin Templeton, Spiko, & WisdomTree
▫️VCs shown to have invested $4.8B (+54% QoQ) into crypto/web3 across 446 deals in Q1, 2025
▫️Lido 'secure' after oracle compromise sparked emergency DAO vote
▫️ETH developers activated Pectra upgrade with 11 changes to improve UX, validator ops & L2 scaling
▫️DEX TVL on ETH revealed to be down around 90% from ATHs, while monthly DEX volume is down around 55%
▫️Unichain hit a 50% market share & overtook ETH as the leading chain for Uniswap v4
▫️The weighted average cost to produce 1 BTC among publicly listed miners revealed to have jumped by 47% to $82,162 in Q4 2024
May 12th to 18th Upcoming Events:
▪️May 12 - SEC Crypto Crypto Task Force Roundtable on Tokenization 🇺🇸
▪️May 13 - US Consumer Price Index announcement 🇺🇸
▪️May 14 to 16 - Consensus Toronto 2025
▪️May 15 - STRK, $24M token unlock 🔓
▪️May 15- SEI, $14.5M token unlock 🔓
▪️May 16 - IMX, $18M token unlock 🔓
▪️May 16 - ARB, $41M token unlock 🔓
▪️May 17 - AVAX, $42M token unlock 🔓
*Nota Bene:
The markets soared in the week as multiple positive news developments hit media outlets, with the most significant being the announcement of a US/UK deal & Trump calling a "total reset" on US-China trade ties.
At the time of writing BTC is trading up 10% WoW, touching $105k over the weekend while ETH rallied a massive 40% WoW crossing $2,500. Possibly powered by a successful Pectra mainnet deployment.
Strong weekly BTC ETF flows continued with US BTC ETFs accumulating $921M as US ETFs reached a record $62.9B in cumulative net inflows since launching in January 2024. Globally, digital asset investment products saw $882M in inflows last week, as outflows in Canada, Hong Kong, & Sweden brought the inflow total down slightly. However, the positive 7 day period marked 4 consecutive weeks of gains & brought YTD inflows to $6.7B.
Considering last week’s rally, the week ahead could be one of consolidation unless further promising details regarding US-China trade negotiations emerge or a weaker than expected US Consumer Price Index reading is announced on Tuesday.
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CryptoCalibur pinned «May Weekly Update #2 May 5th to 11th Recap: ▫️Strategy acquired an additional 1,895 BTC for $180.3M at $95,167 per BTC ▫️Coinbase announced $2.9B deal to acquire crypto options platform Deribit ▫️New Hampshire passed the 1st US state 'Strategic Bitcoin…»
May Weekly Update #3
May 12th to 18th Recap:
▫️Strategy acquired an additional 13,390 BTC for $1.34B at $99,856 per BTC
▫️Coinbase announced as 1st crypto firm to join the S&P 500
▫️FTX Recovery Trust announced plan to pay over $5B to creditors in 2nd distribution on May 30
▫️Twenty One Capital purchased 4,812 BTC for $458.7M at an average price of $95.3K via Tether
▫️Singapore’s Basel Medical Group announced $1B BTC acquisitions for corporate treasury
▫️Dubai government announced move to accept crypto payments through Crypto. com partnership
▫️Nasdaq-listed GD Culture Group announced $300M share sale to acquire BTC & TRUMP
▫️Cyber criminals bribed overseas support agents to steal Coinbase customer data
▫️Nakamoto Holdings raised $710M & announced merger with KindlyMD to establish BTC Treasury
▫️Thailand announced plan to issue $150M digital investment “G Token”
▫️SEC delayed Grayscale spot Solana ETF
▫️Sonic Labs secured court order to liquidate Multichain Foundation to recoup losses from $210M exploit
▫️Anchorage Digital announced plan to acquire USDM issuer Mountain Protocol in stablecoin expansion move
▫️VanEck launched the VanEck Treasury Fund (VBILL) with Securitize on AVAX, BNB, ETH, & SOL
▫️Yuga Labs sold CryptoPunks IP to the Infinite Node Foundation
▫️Tether's USDT supply surpassed $150B
▫️Aave's TVL hit a new ATH at $25B
▫️Stablecoin usage on Base hit a new ATH in Q1 '25 with $3.81T in quarterly tx volume
▫️ETH stablecoin volume hit a new ATH in April at $908B
🔼 Bitcoin Weekly High: $105,844
🔽 Bitcoin Weekly Low: $101,500
🔼 Ethereum Weekly High: $2,715
🔽 Ethereum Weekly Low: $2,425
May 19th to 25th Upcoming Events:
▪️May 19 - Coinbase added to the S&P 500 index 📈
▪️May 19 - PYTH, $24M token unlock 🔓
▪️May 22 - US Initial jobless claims results 🇺🇸
▪️May 22 - MRS, $176M token unlock 🔓
*Nota Bene:
In line with last week's prediction, the past 7 days saw mostly sideways price action with BTC currently trading 0.8% up at time of writing. The US inflation rating came in softer than expected, especially considering economists had expected tariff related increases that didn't show in this month's CPI reading of 2.3% YoY & 0.2% MoM.
There was another strong week of US ETF flows as BTC ETFs drew in $608M while ETH ETFs amassed $41M of inflows. Globally, digital asset investment product inflows hit $785M with BTC seeing 557M worth of inflows while ETH saw $205M in inflows, driven by the Pectra upgrade & leadership changes. Regionally, there were significant inflows in the US ($608M) & Germany ($86.3M) while Sweden, Canada, & Brazil saw outflows. Looking forward as major equity indices rallied considerably last week & there are no obvious near-term crypto price catalysts, another week of consolidation looks most likely.
May 12th to 18th Recap:
▫️Strategy acquired an additional 13,390 BTC for $1.34B at $99,856 per BTC
▫️Coinbase announced as 1st crypto firm to join the S&P 500
▫️FTX Recovery Trust announced plan to pay over $5B to creditors in 2nd distribution on May 30
▫️Twenty One Capital purchased 4,812 BTC for $458.7M at an average price of $95.3K via Tether
▫️Singapore’s Basel Medical Group announced $1B BTC acquisitions for corporate treasury
▫️Dubai government announced move to accept crypto payments through Crypto. com partnership
▫️Nasdaq-listed GD Culture Group announced $300M share sale to acquire BTC & TRUMP
▫️Cyber criminals bribed overseas support agents to steal Coinbase customer data
▫️Nakamoto Holdings raised $710M & announced merger with KindlyMD to establish BTC Treasury
▫️Thailand announced plan to issue $150M digital investment “G Token”
▫️SEC delayed Grayscale spot Solana ETF
▫️Sonic Labs secured court order to liquidate Multichain Foundation to recoup losses from $210M exploit
▫️Anchorage Digital announced plan to acquire USDM issuer Mountain Protocol in stablecoin expansion move
▫️VanEck launched the VanEck Treasury Fund (VBILL) with Securitize on AVAX, BNB, ETH, & SOL
▫️Yuga Labs sold CryptoPunks IP to the Infinite Node Foundation
▫️Tether's USDT supply surpassed $150B
▫️Aave's TVL hit a new ATH at $25B
▫️Stablecoin usage on Base hit a new ATH in Q1 '25 with $3.81T in quarterly tx volume
▫️ETH stablecoin volume hit a new ATH in April at $908B
May 19th to 25th Upcoming Events:
▪️May 19 - Coinbase added to the S&P 500 index 📈
▪️May 19 - PYTH, $24M token unlock 🔓
▪️May 22 - US Initial jobless claims results 🇺🇸
▪️May 22 - MRS, $176M token unlock 🔓
*Nota Bene:
In line with last week's prediction, the past 7 days saw mostly sideways price action with BTC currently trading 0.8% up at time of writing. The US inflation rating came in softer than expected, especially considering economists had expected tariff related increases that didn't show in this month's CPI reading of 2.3% YoY & 0.2% MoM.
There was another strong week of US ETF flows as BTC ETFs drew in $608M while ETH ETFs amassed $41M of inflows. Globally, digital asset investment product inflows hit $785M with BTC seeing 557M worth of inflows while ETH saw $205M in inflows, driven by the Pectra upgrade & leadership changes. Regionally, there were significant inflows in the US ($608M) & Germany ($86.3M) while Sweden, Canada, & Brazil saw outflows. Looking forward as major equity indices rallied considerably last week & there are no obvious near-term crypto price catalysts, another week of consolidation looks most likely.
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CryptoCalibur pinned «May Weekly Update #3 May 12th to 18th Recap: ▫️Strategy acquired an additional 13,390 BTC for $1.34B at $99,856 per BTC ▫️Coinbase announced as 1st crypto firm to join the S&P 500 ▫️FTX Recovery Trust announced plan to pay over $5B to creditors in 2nd distribution…»
June Weekly Update #1
June 2nd to 8th Recap:
▫️Strategy offered new $250M Stride (STRD) preferred stock to fund more BTC buys
▫️Metaplanet issued 555 million shares of moving-strike warrants, expected to generate $5.4B to buy additional BTC
▫️Robinhood completed acquisition of Bitstamp crypto exchange
▫️The Blockchain Group bought close to $70M of BTC, taking total holdings to 1,471 BTC
▫️Pump.fun announced plan for $1B token sale at $4B FDV
▫️Circle ended 1st trading day as a public company with 47,109,641 shares traded, & the stock closing at $83.23 per share, 168% up from the IPO price of $31
▫️JPMorgan announced plan to offer clients financing against crypto ETFs
▫️World Liberty Financial airdropped USD1 tokens to WLFI token holders
▫️Truth Social filed for BTC ETF: proposal to list & trade shares under NYSE Arca Rule 8.201-E
▫️Chinese firm Webus filed with US SEC for possible $300M XRP treasury plan
▫️Polymarket's monthly volume rose above $1B in May, the highest level since Jan 2025
▫️Rails raised $14M from backers including Kraken to launch crypto exchange
▫️Hyperliquid reached 80% of DeFi perp market share
▫️Perp DEXs hit a record $382.3B in volume in May, up from $234.2 B in May 2024
▫️ETH’s weekly engagement jumped 16.95% to hit a new ATH as 17M+ addresses engaged with the ETH ecosystem last week
▫️Stablecoins revealed to account for over 80% of total spot trading volume in 2025
▫️New data revealed that there are 50M different crypto tokens currently in circulation
🔼 Bitcoin Weekly High: $106,613
🔽 Bitcoin Weekly Low: $100,500
🔼 Ethereum Weekly High: $2,668
🔽 Ethereum Weekly Low: $2,339
June 9th to 15th Upcoming Events:
▪️June 11 - US inflation announcement 🇺🇸
▪️June 12 - APT, $56M token unlock 🔓
▪️June 12 - IMX, $13M token unlock 🔓
▪️June 15 - STRK, $18M token unlock 🔓
▪️June 15 - SEI, $11M token unlock 🔓
*Nota Bene:
A reversal of the previous week’s performance saw BTC trading up around 4% WoW. Interestingly, despite a spate of large-scale BTC purchase/treasury announcements (Strategy, Metaplanet, Twenty One Capital et al), US BTC ETFs saw $131M in outflows while US ETH ETFs continued their strong run amassing $281M worth of inflows over the week.
Globally, digital asset investment products saw $224M in inflows, the US led with $175M of total inflows followed by Germany with $47.8M & Switzerland with $15.7M. BTC saw a second consecutive week of modest outflows totalling $56.5M while ETH saw $296.4M in total inflows.
The lack of demand for BTC showcased policy uncertainty keeping institutional investors on the sidelines. However, the significantly bullish news was Circle going public in a 25x oversubscribed IPO which led to the stock rallying to over 300% the listed price. Circle’s IPO & 1st day of trading highlighted both institutional & retail interest in the trending stablecoin sector narrative.
In terms of what's ahead, the US inflation report always has the potential to cause market moves (despite 2 cool readings over the past 2 months) while any US trade negotiation related announcements may also lead to sudden market moves.
June 2nd to 8th Recap:
▫️Strategy offered new $250M Stride (STRD) preferred stock to fund more BTC buys
▫️Metaplanet issued 555 million shares of moving-strike warrants, expected to generate $5.4B to buy additional BTC
▫️Robinhood completed acquisition of Bitstamp crypto exchange
▫️The Blockchain Group bought close to $70M of BTC, taking total holdings to 1,471 BTC
▫️Pump.fun announced plan for $1B token sale at $4B FDV
▫️Circle ended 1st trading day as a public company with 47,109,641 shares traded, & the stock closing at $83.23 per share, 168% up from the IPO price of $31
▫️JPMorgan announced plan to offer clients financing against crypto ETFs
▫️World Liberty Financial airdropped USD1 tokens to WLFI token holders
▫️Truth Social filed for BTC ETF: proposal to list & trade shares under NYSE Arca Rule 8.201-E
▫️Chinese firm Webus filed with US SEC for possible $300M XRP treasury plan
▫️Polymarket's monthly volume rose above $1B in May, the highest level since Jan 2025
▫️Rails raised $14M from backers including Kraken to launch crypto exchange
▫️Hyperliquid reached 80% of DeFi perp market share
▫️Perp DEXs hit a record $382.3B in volume in May, up from $234.2 B in May 2024
▫️ETH’s weekly engagement jumped 16.95% to hit a new ATH as 17M+ addresses engaged with the ETH ecosystem last week
▫️Stablecoins revealed to account for over 80% of total spot trading volume in 2025
▫️New data revealed that there are 50M different crypto tokens currently in circulation
June 9th to 15th Upcoming Events:
▪️June 11 - US inflation announcement 🇺🇸
▪️June 12 - APT, $56M token unlock 🔓
▪️June 12 - IMX, $13M token unlock 🔓
▪️June 15 - STRK, $18M token unlock 🔓
▪️June 15 - SEI, $11M token unlock 🔓
*Nota Bene:
A reversal of the previous week’s performance saw BTC trading up around 4% WoW. Interestingly, despite a spate of large-scale BTC purchase/treasury announcements (Strategy, Metaplanet, Twenty One Capital et al), US BTC ETFs saw $131M in outflows while US ETH ETFs continued their strong run amassing $281M worth of inflows over the week.
Globally, digital asset investment products saw $224M in inflows, the US led with $175M of total inflows followed by Germany with $47.8M & Switzerland with $15.7M. BTC saw a second consecutive week of modest outflows totalling $56.5M while ETH saw $296.4M in total inflows.
The lack of demand for BTC showcased policy uncertainty keeping institutional investors on the sidelines. However, the significantly bullish news was Circle going public in a 25x oversubscribed IPO which led to the stock rallying to over 300% the listed price. Circle’s IPO & 1st day of trading highlighted both institutional & retail interest in the trending stablecoin sector narrative.
In terms of what's ahead, the US inflation report always has the potential to cause market moves (despite 2 cool readings over the past 2 months) while any US trade negotiation related announcements may also lead to sudden market moves.
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CryptoCalibur pinned «June Weekly Update #1 June 2nd to 8th Recap: ▫️Strategy offered new $250M Stride (STRD) preferred stock to fund more BTC buys ▫️Metaplanet issued 555 million shares of moving-strike warrants, expected to generate $5.4B to buy additional BTC ▫️Robinhood…»
June Weekly Update #3
June 16th to 22nd Recap
▫️Strategy acquired an additional 10,100 BTC for $1.05B at $104,080 per BTC
▫️US Senate passed stablecoin bill “The GENIUS Act” 68-32, advances to House
▫️Thailand approved tax exemption on crypto capital gains until 2029
▫️Texas officially opened state-managed fund for BTC reserves
▫️DDC Enterprise announced up to $528M raise to accelerate BTC Treasury strategy
▫️Singapore BTC miner Bitdeer announced $330M convertible notes offering
▫️BTC rewards firm Fold secured $250M facility to expand BTC holdings
▫️JP Morgan filed 'JPMD' trademark hinting at stablecoin development
▫️Crypto group Tron to go public after US pauses probe into Justin Sun
▫️Trump's Truth Social filed for a dual BTC & ETH ETF
▫️Iranian crypto exchange Nobitex exploited for over $90M
▫️TAC raised $11.5M to bring DeFi to Telegram’s ecosystem
▫️Total stablecoin market cap hit a new ATH of $250B, up 55% over the past year
▫️ETH surpassed 35 million ETH staked, a new high for the network
▫️DeFi lending TVL surpassed $56B & hit a new ATH
▫️Active loans on Base surpassed $1B
▫️ETH revealed to have around $20B in tokenized BTC on-chain
▫️USDC on ARB hit $5.2B Market Cap, with 70% being used to fuel Hyperliquid
⏫ Bitcoin Weekly High: $108,822
⬇️ Bitcoin Weekly Low: $98,467
⏫ Ethereum Weekly High: $2,671
⬇️ Ethereum Weekly Low: $2,142
June 23rd to 29th Upcoming Events
June 24 - VENOM, $10M token unlock 🔓
June 24 to 26 - Permissionless conference in NYC 🇺🇸
*Nota Bene
Markets were rocked towards the end of the week as the Israel-Iran conflict escalated with the US becoming involved. Markets dropped over the weekend as news of the developments spread despite trading sideways for most of the week (BTC briefly dropped to below $100k before recovering back to $101k at the time of writing).
In other macro news, the Fed held interest rates steady but kept the door open to two rate cuts in 2025 pending promising data. Despite a shortened US trading week BTC ETFs gained $1.05B while ETH ETFs amassed $40M over the week.
Globally, digital asset investment products saw a total of $1.24B worth of inflows, which marked a 10th consecutive week of inflows, bringing the YTD inflows to a record $15.1B.
Looking forward, in the week ahead geopolitics will once again most likely be the key catalyst that moves the markets in either direction, it may prove wisest to be prepared & positioned for sudden spikes or dips as a result of geopolitical news announcements.
June 16th to 22nd Recap
▫️Strategy acquired an additional 10,100 BTC for $1.05B at $104,080 per BTC
▫️US Senate passed stablecoin bill “The GENIUS Act” 68-32, advances to House
▫️Thailand approved tax exemption on crypto capital gains until 2029
▫️Texas officially opened state-managed fund for BTC reserves
▫️DDC Enterprise announced up to $528M raise to accelerate BTC Treasury strategy
▫️Singapore BTC miner Bitdeer announced $330M convertible notes offering
▫️BTC rewards firm Fold secured $250M facility to expand BTC holdings
▫️JP Morgan filed 'JPMD' trademark hinting at stablecoin development
▫️Crypto group Tron to go public after US pauses probe into Justin Sun
▫️Trump's Truth Social filed for a dual BTC & ETH ETF
▫️Iranian crypto exchange Nobitex exploited for over $90M
▫️TAC raised $11.5M to bring DeFi to Telegram’s ecosystem
▫️Total stablecoin market cap hit a new ATH of $250B, up 55% over the past year
▫️ETH surpassed 35 million ETH staked, a new high for the network
▫️DeFi lending TVL surpassed $56B & hit a new ATH
▫️Active loans on Base surpassed $1B
▫️ETH revealed to have around $20B in tokenized BTC on-chain
▫️USDC on ARB hit $5.2B Market Cap, with 70% being used to fuel Hyperliquid
⏫ Bitcoin Weekly High: $108,822
⬇️ Bitcoin Weekly Low: $98,467
⏫ Ethereum Weekly High: $2,671
⬇️ Ethereum Weekly Low: $2,142
June 23rd to 29th Upcoming Events
June 24 - VENOM, $10M token unlock 🔓
June 24 to 26 - Permissionless conference in NYC 🇺🇸
*Nota Bene
Markets were rocked towards the end of the week as the Israel-Iran conflict escalated with the US becoming involved. Markets dropped over the weekend as news of the developments spread despite trading sideways for most of the week (BTC briefly dropped to below $100k before recovering back to $101k at the time of writing).
In other macro news, the Fed held interest rates steady but kept the door open to two rate cuts in 2025 pending promising data. Despite a shortened US trading week BTC ETFs gained $1.05B while ETH ETFs amassed $40M over the week.
Globally, digital asset investment products saw a total of $1.24B worth of inflows, which marked a 10th consecutive week of inflows, bringing the YTD inflows to a record $15.1B.
Looking forward, in the week ahead geopolitics will once again most likely be the key catalyst that moves the markets in either direction, it may prove wisest to be prepared & positioned for sudden spikes or dips as a result of geopolitical news announcements.
June Weekly Update #4
June 23rd to 29th Recap
▫️Strategy acquired an additional 245 BTC for $26 million at $105,856 per BTC
▫️FHFA directed Fannie Mae & Freddie Mac to consider crypto assets in mortgage assessments
▫️Anthony Pompliano closed $1B merger to create ProCap Financial; raised over $750M for public BTC treasury company & acquired 3,724 BTC for $386.5M & 1,208 BTC for $129M
▫️US spot BTC ETFs hit $1T cumulative trading volume in under 18 months since launch
▫️Metaplanet raised $515M through new stock issuance & bought an additional 1,234 BTC for $133M
▫️Cardone Capital bought 1,000 BTC for $101M & announced 3,000 BTC strategy
▫️Norwegian deep-sea mining firm Green Minerals AS announced $1.2B BTC treasury plan
▫️UAE based fund purchased $100M of Trump-backed WLFI
▫️IoT firm Sequans announced $385M raise via debt & equity offering to acquire BTC
▫️Nasdaq-listed Nano Labs announced $500M convertible note sale plan to fund BNB treasury
▫️Trump's Truth Social filed for BTC & ETH ETF with NYSE
▫️SEC cleared REX-Osprey to launch SOL, ETH staking ETFs
▫️Bit Digital wound down BTC mining operations, & switched to ETH staking & plans
▫️SharpLink Gaming expanded ETH treasury to 188,478 ETH with $30M purchase
▫️Crypto giant Galaxy raised $175M for premier Galaxy Ventures Fund
▫️Canton blockchain builder Digital Asset raised $135M
▫️DeFi vault project Veda raised $18M from backers including Coinbase Ventures & Animoca Ventures
▫️Hyperliquid revealed to have generated $305.9M in cumulative revenue since Dec 2024, with over $51.6M in June
▫️Active loans on Euler hit $1B, up from $100M in early February
⏫ Bitcoin Weekly High: $108,432
⬇️ Bitcoin Weekly Low: $98,914
⏫ Ethereum Weekly High: $2,501
⬇️ Ethereum Weekly Low: $2,172
June 30th to July 6th Upcoming Events
June 30 - SUI, $126M token unlock 🔓
July 2 - ENA, $11M token unlock 🔓
July 3 - US unemployment announcement 🇺🇸
*Nota Bene
Markets recovered over the course of the week as the Israel-Iran ceasefire appeared to remain intact. BTC is trading 7% higher WoW at the time of writing while the S&P500 has hit all-time highs.
ETF flows also highlighted the general optimism as US BTC ETFs amassed a whooping $2.2B while ETH ETFs drew in $172M worth of inflows. Globally, digital asset investment products saw over $2.5B worth of inflows last week, which also marked 11 weeks of consecutive inflows.
Looking forward, the positive momentum will likely continue in the week ahead with geopolitics once again most likely to be the biggest risk to upward moves. This could be either in the form of negative news around the US-Canada trade war or a flare up in the conflict in the middle east.
June 23rd to 29th Recap
▫️Strategy acquired an additional 245 BTC for $26 million at $105,856 per BTC
▫️FHFA directed Fannie Mae & Freddie Mac to consider crypto assets in mortgage assessments
▫️Anthony Pompliano closed $1B merger to create ProCap Financial; raised over $750M for public BTC treasury company & acquired 3,724 BTC for $386.5M & 1,208 BTC for $129M
▫️US spot BTC ETFs hit $1T cumulative trading volume in under 18 months since launch
▫️Metaplanet raised $515M through new stock issuance & bought an additional 1,234 BTC for $133M
▫️Cardone Capital bought 1,000 BTC for $101M & announced 3,000 BTC strategy
▫️Norwegian deep-sea mining firm Green Minerals AS announced $1.2B BTC treasury plan
▫️UAE based fund purchased $100M of Trump-backed WLFI
▫️IoT firm Sequans announced $385M raise via debt & equity offering to acquire BTC
▫️Nasdaq-listed Nano Labs announced $500M convertible note sale plan to fund BNB treasury
▫️Trump's Truth Social filed for BTC & ETH ETF with NYSE
▫️SEC cleared REX-Osprey to launch SOL, ETH staking ETFs
▫️Bit Digital wound down BTC mining operations, & switched to ETH staking & plans
▫️SharpLink Gaming expanded ETH treasury to 188,478 ETH with $30M purchase
▫️Crypto giant Galaxy raised $175M for premier Galaxy Ventures Fund
▫️Canton blockchain builder Digital Asset raised $135M
▫️DeFi vault project Veda raised $18M from backers including Coinbase Ventures & Animoca Ventures
▫️Hyperliquid revealed to have generated $305.9M in cumulative revenue since Dec 2024, with over $51.6M in June
▫️Active loans on Euler hit $1B, up from $100M in early February
⏫ Bitcoin Weekly High: $108,432
⬇️ Bitcoin Weekly Low: $98,914
⏫ Ethereum Weekly High: $2,501
⬇️ Ethereum Weekly Low: $2,172
June 30th to July 6th Upcoming Events
June 30 - SUI, $126M token unlock 🔓
July 2 - ENA, $11M token unlock 🔓
July 3 - US unemployment announcement 🇺🇸
*Nota Bene
Markets recovered over the course of the week as the Israel-Iran ceasefire appeared to remain intact. BTC is trading 7% higher WoW at the time of writing while the S&P500 has hit all-time highs.
ETF flows also highlighted the general optimism as US BTC ETFs amassed a whooping $2.2B while ETH ETFs drew in $172M worth of inflows. Globally, digital asset investment products saw over $2.5B worth of inflows last week, which also marked 11 weeks of consecutive inflows.
Looking forward, the positive momentum will likely continue in the week ahead with geopolitics once again most likely to be the biggest risk to upward moves. This could be either in the form of negative news around the US-Canada trade war or a flare up in the conflict in the middle east.
July Weekly Update #1
June 30th to July 6th Recap
▫️Strategy acquired an additional 4,980 BTC for $531.9M at $106,801 per BTC
▫️Robinhood launched stock tokens, & revealed layer 2 blockchain based on ARB
▫️Supreme Court rejected bid to protect Coinbase user data from IRS
▫️Kazakhstan announced national cryptocurrency reserve plan using state-mined coins
▫️Metaplanet bought 1,005 BTC to reach 13,350 BTC in total holdings & issued $208M in bonds for further purchases
▫️Russian state giant Rostec announced ruble-pegged stablecoin, payment platform on Tron plan
▫️NY bankruptcy judge gave Celsius the green light to pursue $4.3B lawsuit against Tether
▫️Circle applied for US National Trust Bank license
▫️Public companies bought more BTC than ETFs did for the 3rd consecutive quarter
▫️First spot SOL staking ETF, $SSK, ended 1st day with $33M in volume & 12M in inflows
▫️Coinbase bought token manager Liquifi in 4th acquisition YTD
▫️Trump-backed American Bitcoin raised $220M for BTC mining
▫️SEC approved conversion of Grayscale Digital Large Cap Fund into BTC, ETH, XRP, SOL & ADA ETF
▫️Bit Digital raised $163M from share offering to fund ETH treasury
▫️BitMine Immersion Technologies announced $250M private placement to initiate ETH treasury strategy
▫️DeFi Development announced $112M convertible note plan to acquire SOL & repurchase shares
▫️SOL CME Futures volume hit a new ATH of 1.75M contracts
▫️Base revealed to have accounted for 67% of L2 fees in 2025
⏫ Bitcoin Weekly High: $110,498
⬇️ Bitcoin Weekly Low: $105, 404
⏫ Ethereum Weekly High: $2,631
⬇️ Ethereum Weekly Low: $2,396
July 7th to 13th Upcoming Events
June 11 - IMX, $10M token unlock 🔓
July 12 - APT, $50M token unlock 🔓
*Nota Bene
The passing of Trump's landmark 'big beautiful bill' was the most noteworthy news in the week as BTC traded 1% higher WoW. In addition, the market's reaction to the news of massive government spending was displayed as US BTC ETFs amassed $1.01B in the 2 trading days after the bill passed. This was also during a shortened US trading week due to July 4th holiday with BTC ETFs recording $769.5M net inflows for week.
ETH ETFs attracted another $219M amid a slew of positive announcements at EthCC with arguably the biggest being Robinhood launching tokenized equities for EU investors on Arbitrum. Globally, digital asset products saw $1.03B in weekly inflows, marking a 12th week of consecutive inflows.
With the Trump administration moving the July 9th tariff deadline to August 1st, prior expectations of a volatile week due to tariff announcements/misses have now shifted to expectations of sideways moves in the week ahead. It remains to be seen if institutional BTC buying continues in the week due to US fiscal spending fears. We will also be looking out for any US policy developments as the 14th July commences the House Committee on Financial Services' Crypto Week.
June 30th to July 6th Recap
▫️Strategy acquired an additional 4,980 BTC for $531.9M at $106,801 per BTC
▫️Robinhood launched stock tokens, & revealed layer 2 blockchain based on ARB
▫️Supreme Court rejected bid to protect Coinbase user data from IRS
▫️Kazakhstan announced national cryptocurrency reserve plan using state-mined coins
▫️Metaplanet bought 1,005 BTC to reach 13,350 BTC in total holdings & issued $208M in bonds for further purchases
▫️Russian state giant Rostec announced ruble-pegged stablecoin, payment platform on Tron plan
▫️NY bankruptcy judge gave Celsius the green light to pursue $4.3B lawsuit against Tether
▫️Circle applied for US National Trust Bank license
▫️Public companies bought more BTC than ETFs did for the 3rd consecutive quarter
▫️First spot SOL staking ETF, $SSK, ended 1st day with $33M in volume & 12M in inflows
▫️Coinbase bought token manager Liquifi in 4th acquisition YTD
▫️Trump-backed American Bitcoin raised $220M for BTC mining
▫️SEC approved conversion of Grayscale Digital Large Cap Fund into BTC, ETH, XRP, SOL & ADA ETF
▫️Bit Digital raised $163M from share offering to fund ETH treasury
▫️BitMine Immersion Technologies announced $250M private placement to initiate ETH treasury strategy
▫️DeFi Development announced $112M convertible note plan to acquire SOL & repurchase shares
▫️SOL CME Futures volume hit a new ATH of 1.75M contracts
▫️Base revealed to have accounted for 67% of L2 fees in 2025
⏫ Bitcoin Weekly High: $110,498
⬇️ Bitcoin Weekly Low: $105, 404
⏫ Ethereum Weekly High: $2,631
⬇️ Ethereum Weekly Low: $2,396
July 7th to 13th Upcoming Events
June 11 - IMX, $10M token unlock 🔓
July 12 - APT, $50M token unlock 🔓
*Nota Bene
The passing of Trump's landmark 'big beautiful bill' was the most noteworthy news in the week as BTC traded 1% higher WoW. In addition, the market's reaction to the news of massive government spending was displayed as US BTC ETFs amassed $1.01B in the 2 trading days after the bill passed. This was also during a shortened US trading week due to July 4th holiday with BTC ETFs recording $769.5M net inflows for week.
ETH ETFs attracted another $219M amid a slew of positive announcements at EthCC with arguably the biggest being Robinhood launching tokenized equities for EU investors on Arbitrum. Globally, digital asset products saw $1.03B in weekly inflows, marking a 12th week of consecutive inflows.
With the Trump administration moving the July 9th tariff deadline to August 1st, prior expectations of a volatile week due to tariff announcements/misses have now shifted to expectations of sideways moves in the week ahead. It remains to be seen if institutional BTC buying continues in the week due to US fiscal spending fears. We will also be looking out for any US policy developments as the 14th July commences the House Committee on Financial Services' Crypto Week.
July Weekly Update #2
July 7th to 13th Recap
▫️Close to $1B of shorts liquidated on Thursday as BTC broke past $115k
▫️CoreWeave announced acquisition of crypto miner Core Scientific with $9B all-stock deal
▫️Nasdaq-listed BioSig merged with Streamex & arranged $1.1B in financing to tokenize commodities
▫️Metaplanet bought an additional 2,205 BTC for almost $239M, taking total holdings to 15,555 BTC
▫️Pump. fun confirmed $600M sale & token airdrop, however EU residents barred
▫️BTC ETF dominance hit a new ATH of just over 30%
▫️Sequans closed $384M strategic investment to launch BTC treasury
▫️Onchain perpetuals exchange GMX suffered $42M exploit, hacker then agreed to return funds for $5M bounty
▫️Japan's Remixpoint raised $215M to expand BTC treasury
▫️Bit Digital swapped entire treasury into ETH, now a top public ETH holder after $172M raise
▫️Crypto miner BIT Mining announced pivot to Solana & plan to raise $300M for SOL treasury
▫️Percentage of long-term holders hit a 15-year high at 74% of the total BTC supply
▫️Trump's Truth Social filed S-1 for Crypto Blue Chip ETF, assets include BTC, ETH, SOL, XRP & CRO
▫️SharpLink Gaming completed direct purchase of 10,000 ETH from the Ethereum Foundation for $25.7M
▫️Stablecoin startup Agora raised $50M, Series A led by Paradigm & Dragonfly
▫️Percentage of total ETH supply staked hit a new ATH of 29%
▫️Usage of CoWSwap on ETH & Gnosis chain hit a new ATH
▫️Stablecoins revealed to be used for around $800B in tx volume per month
▫️ETH devs announced Layer 1 zkEVM rollout plan
⏫ Bitcoin Weekly High: $119,089
⬇️ Bitcoin Weekly Low: $107,746
⏫ Ethereum Weekly High: $3,025
⬇️ Ethereum Weekly Low: $2,505
July 14th to 20th Upcoming Events
July 14 - US House Crypto Week 🇺🇸
July 15 - US CPI announcement 🇺🇸
June 15 - STRK, $17.5M token unlock 🔓
July 15 - SEI, $18.3M token unlock 🔓
June 16 - ARB, $37.7M token unlock 🔓
July 18 - TRUMP, $846M token unlock 🔓
June 18 - FTN, $90M token unlock 🔓
July 20 - ZRO, $55.5M token unlock 🔓
*Nota Bene
The last seven days saw generally positive price action as the S&P 500 hit a new all time high & BTC traded 8.6% higher WoW. This was in spite of Trump announcing a spate of new tariffs on countries such as Japan, South Korea, & Mexico. The EU was also hit with a 30% tariff on exports to the US.
Despite this, US BTC ETFs amassed a whopping $2.7B in inflows, while ETH recorded $990M worth of inflows. Globally, digital asset investment products saw inflows worth $3.7B, making last week's total the 2nd largest ever. In addition, July 10th recorded the 3rd highest daily inflow ever with the positive flow of funds also marking the 13th consecutive week of inflows, bringing year-to-date (YTD) inflows to $22.7B.
Looking forward, there could be a slew of significant announcements this week as the 14th of July commences the House Committee on Financial Services' Crypto Week. Further announcements regarding stablecoins could be on the table as well as advances regarding digital asset regulatory enforcement.
Looking beyond crypto, several large companies are set to produce earnings reports this week, with BlackRock, JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, General Electric, Netflix, & Taiwan Semiconductor Manufacturing Company all set to provide stakeholders with deeper insight into their current financial makeup.
As a result, the right mix of positive announcements could see markets maintain the upward trend, while the possibility for adverse moves in reaction to "negative" news from the White House remains a possibility.
July 7th to 13th Recap
▫️Close to $1B of shorts liquidated on Thursday as BTC broke past $115k
▫️CoreWeave announced acquisition of crypto miner Core Scientific with $9B all-stock deal
▫️Nasdaq-listed BioSig merged with Streamex & arranged $1.1B in financing to tokenize commodities
▫️Metaplanet bought an additional 2,205 BTC for almost $239M, taking total holdings to 15,555 BTC
▫️Pump. fun confirmed $600M sale & token airdrop, however EU residents barred
▫️BTC ETF dominance hit a new ATH of just over 30%
▫️Sequans closed $384M strategic investment to launch BTC treasury
▫️Onchain perpetuals exchange GMX suffered $42M exploit, hacker then agreed to return funds for $5M bounty
▫️Japan's Remixpoint raised $215M to expand BTC treasury
▫️Bit Digital swapped entire treasury into ETH, now a top public ETH holder after $172M raise
▫️Crypto miner BIT Mining announced pivot to Solana & plan to raise $300M for SOL treasury
▫️Percentage of long-term holders hit a 15-year high at 74% of the total BTC supply
▫️Trump's Truth Social filed S-1 for Crypto Blue Chip ETF, assets include BTC, ETH, SOL, XRP & CRO
▫️SharpLink Gaming completed direct purchase of 10,000 ETH from the Ethereum Foundation for $25.7M
▫️Stablecoin startup Agora raised $50M, Series A led by Paradigm & Dragonfly
▫️Percentage of total ETH supply staked hit a new ATH of 29%
▫️Usage of CoWSwap on ETH & Gnosis chain hit a new ATH
▫️Stablecoins revealed to be used for around $800B in tx volume per month
▫️ETH devs announced Layer 1 zkEVM rollout plan
⏫ Bitcoin Weekly High: $119,089
⬇️ Bitcoin Weekly Low: $107,746
⏫ Ethereum Weekly High: $3,025
⬇️ Ethereum Weekly Low: $2,505
July 14th to 20th Upcoming Events
July 14 - US House Crypto Week 🇺🇸
July 15 - US CPI announcement 🇺🇸
June 15 - STRK, $17.5M token unlock 🔓
July 15 - SEI, $18.3M token unlock 🔓
June 16 - ARB, $37.7M token unlock 🔓
July 18 - TRUMP, $846M token unlock 🔓
June 18 - FTN, $90M token unlock 🔓
July 20 - ZRO, $55.5M token unlock 🔓
*Nota Bene
The last seven days saw generally positive price action as the S&P 500 hit a new all time high & BTC traded 8.6% higher WoW. This was in spite of Trump announcing a spate of new tariffs on countries such as Japan, South Korea, & Mexico. The EU was also hit with a 30% tariff on exports to the US.
Despite this, US BTC ETFs amassed a whopping $2.7B in inflows, while ETH recorded $990M worth of inflows. Globally, digital asset investment products saw inflows worth $3.7B, making last week's total the 2nd largest ever. In addition, July 10th recorded the 3rd highest daily inflow ever with the positive flow of funds also marking the 13th consecutive week of inflows, bringing year-to-date (YTD) inflows to $22.7B.
Looking forward, there could be a slew of significant announcements this week as the 14th of July commences the House Committee on Financial Services' Crypto Week. Further announcements regarding stablecoins could be on the table as well as advances regarding digital asset regulatory enforcement.
Looking beyond crypto, several large companies are set to produce earnings reports this week, with BlackRock, JPMorgan Chase, Citigroup, Wells Fargo, Bank of America, Goldman Sachs, Morgan Stanley, General Electric, Netflix, & Taiwan Semiconductor Manufacturing Company all set to provide stakeholders with deeper insight into their current financial makeup.
As a result, the right mix of positive announcements could see markets maintain the upward trend, while the possibility for adverse moves in reaction to "negative" news from the White House remains a possibility.
July Weekly Update #3
July 14th to 20th Recap
▫️Strategy acquired an additional 4,225 BTC for $472.5M at $111,827 per BTC
▫️Trump signed stablecoin GENIUS Act & US House of Representatives passed the Clarity Act
▫️Nasdaq filed application to allow staking for iShares ETH Trust
▫️The US DOJ & CFTC ended Polymarket investigations
▫️Trump commenced preparation to open $9T US retirement market to crypto investments
▫️Strategy revealed to hold 3% of all BTC in circulation
▫️Coinbase launched Base App, an all-in-one social & trading platform
▫️Sonnet BioTherapeutics agreed to $888M merger, become Hyperliquid Strategies, & launch HYPE treasury
▫️ETH surpassed BTC in global perps volume, in 1st with $90.82B, BTC in 2nd with $82.93B
▫️BitMine Immersion acquired 163,000 ETH after $250M raise
▫️Bit Digital acquired 19,683 ETH, growing treasury to over 120,000 ETH
▫️BTC treasury companies reached holdings over 50% of the amount of supply held in all ETFs combined
▫️Trump Jr.-backed Thumzup Media received board approval for $250M treasury in BTC, XRP, & DOGE
▫️SharpLink Gaming acquired $73M, $68M, & $118M worth of ETH via various purchases & filed for $5B share offering
▫️ Aave surpassed $50B in net deposits
▫️DEX volume revealed to be tied 50/50 between SOL & ETH/rollup stack
▫️Total DeFi TVL hit $138.5B, the highest level since May 2022
▫️US-listed miners' share of BTC hashrate reached a new ATH
⏫ Bitcoin Weekly High: $122,776
⬇️ Bitcoin Weekly Low: $116,131
⏫ Ethereum Weekly High: $3,815
⬇️ Ethereum Weekly Low: $2,945
July 21st to 27th Upcoming Events
July 21 - Coinbase launches Perpetual Futures in the US 🇺🇸
June 25 - VENOM, $13M token unlock 🔓
*Nota Bene
The signing of the Genius Act & further positive developments in US crypto legislation & market structure led the way in terms of industry news during a positive week for global crypto markets. Significantly, markets remained resistant to US trade tariff announcements and escalations in the Middle East.
ETH proved to be the big winner trading 25% up WoW at the time of writing. US BTC ETFs amassed $2.4B in inflows with ETH ETFs a close 2nd with $2.1B worth of inflows.
ETH's 2025 inflows have already surpassed the total for 2024 at $6.2B & last week's inflows were close to double the amount of any previous week on record.
Globally, digital asset investment products recorded their largest weekly inflows on record, totalling $4.39B, beating the post-US election peak of $4.27B set in December 2024.
ETH's positive price action continues to benefit from a growing number of corporations opting for an ETH corporate treasury strategy with most also planning to stake their acquired ETH. Additionally basis trades (currently long spot, short futures) on ETH continue to be profitable for hedge funds further stimulating the positive trend.
With Trump possibly reiterating his calling for Fed Chair Powell's removal over rate-cut disagreements, markets might consolidate over the next few days as a wait-and-see posture ahead of the interest rate announcement scheduled for the following week.
As a result, the right mix of positive announcements could see markets maintain the upward trend, while the possibility for adverse moves in reaction to "negative" news from the White House remains a possibility.
July 14th to 20th Recap
▫️Strategy acquired an additional 4,225 BTC for $472.5M at $111,827 per BTC
▫️Trump signed stablecoin GENIUS Act & US House of Representatives passed the Clarity Act
▫️Nasdaq filed application to allow staking for iShares ETH Trust
▫️The US DOJ & CFTC ended Polymarket investigations
▫️Trump commenced preparation to open $9T US retirement market to crypto investments
▫️Strategy revealed to hold 3% of all BTC in circulation
▫️Coinbase launched Base App, an all-in-one social & trading platform
▫️Sonnet BioTherapeutics agreed to $888M merger, become Hyperliquid Strategies, & launch HYPE treasury
▫️ETH surpassed BTC in global perps volume, in 1st with $90.82B, BTC in 2nd with $82.93B
▫️BitMine Immersion acquired 163,000 ETH after $250M raise
▫️Bit Digital acquired 19,683 ETH, growing treasury to over 120,000 ETH
▫️BTC treasury companies reached holdings over 50% of the amount of supply held in all ETFs combined
▫️Trump Jr.-backed Thumzup Media received board approval for $250M treasury in BTC, XRP, & DOGE
▫️SharpLink Gaming acquired $73M, $68M, & $118M worth of ETH via various purchases & filed for $5B share offering
▫️ Aave surpassed $50B in net deposits
▫️DEX volume revealed to be tied 50/50 between SOL & ETH/rollup stack
▫️Total DeFi TVL hit $138.5B, the highest level since May 2022
▫️US-listed miners' share of BTC hashrate reached a new ATH
⏫ Bitcoin Weekly High: $122,776
⬇️ Bitcoin Weekly Low: $116,131
⏫ Ethereum Weekly High: $3,815
⬇️ Ethereum Weekly Low: $2,945
July 21st to 27th Upcoming Events
July 21 - Coinbase launches Perpetual Futures in the US 🇺🇸
June 25 - VENOM, $13M token unlock 🔓
*Nota Bene
The signing of the Genius Act & further positive developments in US crypto legislation & market structure led the way in terms of industry news during a positive week for global crypto markets. Significantly, markets remained resistant to US trade tariff announcements and escalations in the Middle East.
ETH proved to be the big winner trading 25% up WoW at the time of writing. US BTC ETFs amassed $2.4B in inflows with ETH ETFs a close 2nd with $2.1B worth of inflows.
ETH's 2025 inflows have already surpassed the total for 2024 at $6.2B & last week's inflows were close to double the amount of any previous week on record.
Globally, digital asset investment products recorded their largest weekly inflows on record, totalling $4.39B, beating the post-US election peak of $4.27B set in December 2024.
ETH's positive price action continues to benefit from a growing number of corporations opting for an ETH corporate treasury strategy with most also planning to stake their acquired ETH. Additionally basis trades (currently long spot, short futures) on ETH continue to be profitable for hedge funds further stimulating the positive trend.
With Trump possibly reiterating his calling for Fed Chair Powell's removal over rate-cut disagreements, markets might consolidate over the next few days as a wait-and-see posture ahead of the interest rate announcement scheduled for the following week.
As a result, the right mix of positive announcements could see markets maintain the upward trend, while the possibility for adverse moves in reaction to "negative" news from the White House remains a possibility.