Summary
gm, Harvard University revealed a substantial $116 million investment in BlackRock's Bitcoin ETF, positioning itself as the fifth-largest investor in the fund. Ethereum surged past the $4,000 threshold for the first time in eight months, triggering a massive $105 million liquidation of short positions and restoring Vitalik Buterin's billionaire status. Meanwhile, Coinbase announced integration of decentralized exchange (DEX) trading within its main app, initially supporting tokens from its Base network with Solana compatibility coming soon, as the SEC formally ended its long-running legal battle against Ripple Labs, prompting celebration from the XRP community who viewed the resolution as validation of their position.

News Headlines
🚨 CrediX Team Vanishes Following $4.5M Hack

  • The team behind CrediX has become unresponsive following a $4.5 million hack, with blockchain security firm CertiK reporting that the team has "disappeared" and the protocol has not been accessible for several days.
  • Stability DAO, which recently integrated CrediX, has confirmed the incident and is preparing a formal legal report to recover lost assets while identifying two team members for potential accountability, serving as a cautionary tale about risks in DeFi protocols.

📈 Ethereum Price Target Now $20,000 as New All-Time High Approaches

  • Traders are projecting Ethereum could reach new all-time highs within two weeks, with some setting ambitious price targets as high as $20,000 based on technical analysis showing ETH following a rising price channel.
  • The latest rally pushed Ethereum to $4,249, with analysts suggesting a potential gain of 375% if it breaks the channel ceiling, though ETH still needs to gain 150% against Bitcoin to match its 2021 peak value in BTC terms.

🧠 Google Gemini as a Crypto Trading Tool: Promising but Limited

  • Google's Gemini AI has emerged as a tool for crypto traders to monitor market developments, news, and sentiment analysis, with the Pro version offering enhanced utility through a longer context window and direct access to Google Search.
  • While effective for planning and structuring trade setups, Gemini lacks crucial features like price charts, execution capabilities, and backtesting functions, requiring traders to validate outputs with live data platforms and use it alongside tools like CoinMarketCap or TradingView.

💰 Trump-Backed World Liberty Financial Plans $1.5B Public Holding Company

  • World Liberty Financial, backed by Donald Trump, is planning to create a publicly traded company valued at $1.5 billion to hold its WLFI tokens, joining the growing trend of digital-asset treasury firms.
  • Trump's financial disclosure indicates he holds approximately 15.75 billion WLFI governance tokens, with the company aiming to mirror strategies used by firms like Strategy, which significantly increased its market valuation after transitioning to a Bitcoin holding company.

📊 Bitcoin Dominance Falls to 57.8% as XRP and Dogecoin Lead Altcoins

  • Bitcoin's market dominance has dropped to 57.8% as altcoins show significant gains, with XRP increasing by 7.5% to $3.29 and Dogecoin surging 6.2% to $0.22, while Ethereum surpassed $4,000.
  • Analysts suggest that structural market changes, influenced by institutional buying and upcoming ETF approvals, are altering market dynamics, with predictions that future altcoin rallies may focus more on projects with tangible utility due to recent U.S. regulatory developments.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
💼 El Salvador Approves Bitcoin Investment Banking Law

  • El Salvador has passed legislation allowing investment banks to hold Bitcoin and digital assets on their balance sheets and offer crypto services to sophisticated investors.
  • The law is expected to attract foreign investment and position El Salvador as a financial hub, according to Juan Carlos Reyes, president of El Salvador's Commission of Digital Assets.

🏦 White House Crypto Advisory Director Resigns

  • Bo Hines, executive director of the White House Crypto Council, has announced his resignation to return to the private sector after helping position "America as the crypto capital of the world."
  • Deputy Director Patrick Witt is anticipated to be appointed as Hines' successor, though no official announcement has been made.

📈 Institutions Reshape Crypto Narratives

  • Traditional financial institutions are increasingly influencing crypto narratives, as evidenced by the market dominance of investment vehicles like Bitcoin ETFs that attract substantial capital.
  • Arthur Azizov of B2 Ventures predicts major banks will soon adopt crypto solutions, particularly stablecoins, once regulatory clarity is achieved, leveraging their existing customer bases.

🔄 SEC Clarifies Stance on Liquid Staking

  • The SEC has clarified that certain liquid staking activities do not qualify as securities, placing them outside the agency's jurisdiction in a significant regulatory advancement.
  • This clarification affects a $57 billion sector and represents a notable shift in the SEC's approach to cryptocurrency regulation under Project Crypto.

Technical Analysis
Bitcoin - Bitcoin is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The price has broken the resistance at 118077 of a rectangle pattern, which signals a further rise. The currency has support at points 113500 and resistance at points 120800. The volume balance is negative and weakens the currency in the short term. The currency is overall assessed as technically positive for the short term.

Ethereum - Investors have paid higher prices over time to buy Ethereum and the currency is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 3870 points. The currency is assessed as technically positive for the short term.