Summary
gm, Ethereum broke through to a new all-time high above $4,900, while Bitcoin experienced volatility following a flash crash triggered by a large whale selling 24,000 BTC. Key institutional developments include Japan's Metaplanet Bitcoin treasury firm upgrading to the FTSE Japan Index, and LayerZero winning the acquisition of Stargate for $110 million after a competitive four-way bidding war. Meanwhile, regulatory concerns emerged as the US Treasury considers integrating identity checks directly into DeFi smart contracts, drawing significant privacy backlash from the crypto community. SBI Group's new partnership with Chainlink to develop blockchain tools for financial institutions across Asia highlights continued enterprise interest in the space despite analyst warnings from Caitlin Long of Custodia Bank that traditional finance firms may struggle in the next crypto bear market.

News Headlines
📊 Bitcoin Now Accounts for 1.7% of Global Money Supply

  • Bitcoin has achieved a significant milestone, representing approximately 1.7% of the global money supply with a market capitalization of roughly $2.29 trillion, according to a report by River Financial.
  • This growth is primarily attributed to central banks' ongoing currency printing and monetary policy adjustments, with Bitcoin's price surging to around $116,000 following Fed Chairman Powell's comments about potential interest rate cuts.

🐋 Bitcoin Whales Swap BTC for ETH as Analysts Project $5,500 Target

  • On-chain data reveals dormant Bitcoin being sold for Ethereum, with analyst BitBull suggesting ETH could reach $5,200-$5,500 within a week if it maintains a weekly close above the critical $4,600 level.
  • Bitcoin is currently trading around $114,000 after a brief spike to nearly $117,500, with large investors demonstrating strong appetite for ETH despite its substantial 300% price increase over the past four months.

💧 Flash Crash Erases Bitcoin's Powell-Driven Gains

  • Bitcoin experienced a sudden price drop below $111,000 after a whale sold approximately 24,000 BTC worth over $300 million, erasing the gains from Fed Chair Powell's dovish speech.
  • Options market data indicates traders remain cautious, with put options (downside protection) commanding higher premiums than calls, reflecting ongoing risk aversion despite the cryptocurrency's subsequent partial recovery.

💼 KPMG: Canadian Fintechs Raised $1.62B in H1 2025, Strong H2 Expected

  • Canadian fintech companies raised $1.62 billion in the first half of 2025, primarily in digital assets and AI startups, despite a global slowdown in venture financing, according to KPMG Canada's report.
  • KPMG forecasts a robust second half for fintech investments with continued interest in AI-driven solutions and digital asset infrastructure, noting increased investor appetite for quality mid-to-large stage equity deals in companies showing growth potential.

🏆 Ethereum Leads RWA Tokenization with 76% Market Share

  • Ethereum dominates the tokenized real-world assets (RWA) sector with a 55% market share, which increases to 76% when including its layer-2 networks, highlighting its critical role in the financial tokenization ecosystem.
  • As institutional confidence grows in tokenized assets, the competition among blockchains is intensifying, with high-performance networks challenging Ethereum's position in the rapidly expanding RWA market.

Market Metrics

Fundraising & VC
1. DecentralGPT (Strategic, $7M) - Decentralized AI LLM inference network
2. Vanish Trade (Pre-seed, $1M) - Trading platform built on Solana

Regulatory
⚖️ Telegram Founder Criticizes French Legal Proceedings

  • One year after his arrest, Telegram CEO Pavel Durov has criticized French authorities for what he calls "legally and logically absurd" proceedings regarding user-generated content on his platform.
  • The ongoing case raises significant concerns about platform liability, free speech, and the balance between regulation and innovation in digital communications.

🌏 Asia-Middle East Crypto Corridor Evolving Under Regulation

  • Nations like the UAE and India are establishing comprehensive regulatory frameworks for digital assets, with the UAE leading through its unified virtual asset service provider system.
  • Platforms that prioritize compliance while addressing the needs of underbanked populations will likely thrive in this evolving regulatory landscape, particularly in remittance-heavy economies.

⚔️ Xai Files Trademark Suit Against Musk's xAI

  • Ethereum-based gaming network Xai has initiated a lawsuit against Elon Musk's artificial intelligence firm xAI, alleging trademark infringement and unfair competition.
  • The lawsuit claims Musk's company has created market confusion and damaged Xai's brand reputation, with the US Patent Office already pausing several of Musk's trademark filings.

⚡ Bitcoin Mining Companies Pivot as Energy Becomes Critical Factor

  • Bitcoin miners are facing significant challenges as the traditional halving cycle loses relevance, with profitability now dependent on access to low-cost energy and diversifying beyond mining.
  • Leading companies like Cleanspark, Terawulf, and Marathon are exploring alternative revenue streams, including AI data centers, with Terawulf securing a $6.7 billion deal with Google to repurpose infrastructure as energy costs rise.

📱 Bitcoin Adviser to Trump Predicts Years Before Next Bear Market

  • David Bailey, Bitcoin adviser to former President Trump, asserts that the crypto market is unlikely to face another bear market for several years due to increasing institutional participation.
  • While low interest rates signaled by the Federal Reserve may support Bitcoin's growth, some analysts warn that correlation with equity markets and macroeconomic shocks could still trigger significant corrections.

Technical Analysis
Bitcoin - Bitcoin has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The currency has broken down through support at points 113500. This predicts a further decline. In case of positive reactions, there will now be resistance at points 113500. Volume has previously been low at price tops and high at price bottoms. This weakens the currency. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The currency is overall assessed as technically negative 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. The currency is testing resistance at points 4800. This could give a negative reaction, but an upward breakthrough of points 4800 means a positive signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically slightly positive for the short term.