Summary
gm, MetaMask launched a significant user experience enhancement by integrating Google and Apple logins to simplify wallet setup, potentially reducing onboarding friction for new crypto users. Meanwhile, Solana experienced a surge of institutional interest with approximately $2.75 billion in corporate treasury initiatives being formed by entities including Sharps Technology, Galaxy Digital, and Pantera Capital. On the regulatory front, the CFTC announced the adoption of Nasdaq's market surveillance platform to monitor crypto markets, while Commerce Secretary Howard Lutnick revealed plans to publish US economic data, including GDP figures, on the blockchain. Ethereum continues to gain momentum against Bitcoin with significant whale purchases totaling $456 million, as Standard Chartered raised its year-end ETH price target from $4,000 to $7,500, citing growing corporate treasury adoption and ETF inflows.

News Headlines
💰 SharpLink Gaming Adds $252M in ETH to Holdings

  • SharpLink Gaming has added approximately $252 million in Ethereum to its treasury, bringing its total holdings to about 797,704 ETH valued at $3.6 billion.
  • The company purchased 55,463 ETH at an average price of $4,462 and aims to acquire 1 million ETH, with roughly 79% of that target already completed.

🔧 Arbitrum and Succinct Partner on zkVM Development

  • Offchain Labs' venture studio Tandem has formed an exclusive one-year partnership with Succinct to develop a zero-knowledge virtual machine (zkVM) for Arbitrum chains.
  • The collaboration aims to enhance zero-knowledge proving technology for Arbitrum, providing a viable ZK upgrade path while unifying developer tooling.

🐋 Dormant Ethereum Whale Buys $28M ETH, Signals Bullish Recovery

  • A previously inactive Ethereum whale purchased $28 million worth of ETH during the recent price dip, withdrawing 6,334 ETH from Kraken as prices decreased by over 13%.
  • This accumulation pattern, mirrored by other whales, suggests a potential 'V-shaped' recovery for Ethereum, with analysts forecasting price targets between $7,500 and $20,000 by year-end.

🔗 Bitwise Files for Chainlink ETF with In-Kind Creation and Redemption

  • Bitwise has submitted a filing to launch a Chainlink ETF that would directly hold LINK tokens, with Coinbase listed as the custodian.
  • The ETF will allow in-kind creation and redemption, enabling investors to exchange LINK tokens directly for shares, promoting liquidity and efficiency in the market.

💲 JPMorgan Commits $500M to AI-Driven Hedge Fund Numerai

  • JPMorgan Asset Management has committed up to $500 million to Numerai, an AI-driven hedge fund known for its crowdsourced trading models utilizing inputs from thousands of data scientists.
  • The investment could more than double Numerai's assets under management, reflecting growing institutional interest in the convergence of cryptocurrency, AI, and quant-driven strategies.

Market Metrics

Fundraising & VC
1. The Clearing Company (Seed, $15M) - Onchain, permissionless and regulated prediction market
2. Tazapay (Series B, Undisclosed) - Global cross-border payments infrastructure platform
3. IoTeX (Strategic, Undisclosed) - Blockchain platform for Real-World AI

Regulatory
📜 112 Crypto Firms Urge Senate to Protect Software Developers

  • A coalition of 112 crypto companies including Coinbase, Ripple, and a16z has urged the Senate to include explicit protections for software developers in upcoming market structure legislation.
  • The letter highlights a decline in U.S. blockchain developers from 25% in 2021 to 18% in 2025 due to regulatory uncertainty, warning that without protections, innovation will move overseas.

💰 Treasury Sanctions Crypto IT Scam Across North Korea, Russia, and China

  • The U.S. Treasury has sanctioned individuals and companies from North Korea, Russia, and China involved in a scheme where North Korean IT workers posed as legitimate employees to steal cryptocurrency.
  • The operation reportedly generated hundreds of millions of dollars for North Korea's nuclear and ballistic missile programs, highlighting ongoing threats to U.S. businesses.

🏦 VersaBank Launches Tokenized USD Deposit Pilot

  • Canadian digital bank VersaBank has initiated a pilot program for USDVB, a tokenized U.S. dollar deposit that will be tested on Ethereum, Algorand, and Stellar blockchains.
  • Unlike typical stablecoins, USDVB is federally insured, can accrue interest, and operates under banking regulations, offering a more compliant alternative to traditional stablecoins.

🌐 Thailand Taps KuCoin for Tokenized Government Bond Program

  • Thailand has appointed KuCoin as the first global exchange to support its G-Token program, the world's first publicly offered tokenized government bond valued at approximately $153 million.
  • The bonds will initially trade on domestic exchanges with plans for global listings, positioning Thailand as a model for other governments considering tokenized debt issuance.

💶 Digital Euro May Launch on Public Blockchains Like Ethereum or Solana

  • European officials are exploring using public blockchains like Ethereum or Solana for a digital euro, a significant shift from earlier plans for a centralized closed system.
  • The discussion gained urgency following the U.S. passing its stablecoin law, with experts arguing that deploying the euro on a public chain would enhance its global reach and integration with DeFi.

Technical Analysis
Bitcoin - Bitcoin is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency has met the objective at 118579 after a break of the rectangle formation. The price has now fallen, but the formation indicates further rise. The currency is approaching resistance at 113500 points, which may give a negative reaction. However, a break upwards through 113500 points will be a positive signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This confirms the trend. The short term momentum of the currency is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Bitcoin. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which supports the negative trend. 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. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The currency has support at points 3880 and resistance at points 4800. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically positive for the short term.