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Bitcoin Price Hits New Record, Altcoins Gain Momentum: What's Next?
Bitcoin reached an all-time high of $124,130 in the early hours of Thursday morning. According to market data, the rally, which began from an intraday low of $119,000, surpassed the previous record of $123,300, pushing the total value of the cryptocurrency market to its highest level in history. Premium trading on some exchanges (Coinbase, Bitstamp) pushed the price even higher, with records of $124,130 also on the horizon. According to experts, BTC has gained 3.4% in the last 24 hours and approximately 8% in the last week. This momentum is driven by easing global trade tariffs and increasing expectations of a September interest rate cut due to high core inflation in the US. With this rise, Bitcoin's market capitalization reached $2.46 trillion, surpassing tech giant Google (Alphabet) to become the world's fifth-largest asset. Analyst Rekt Capital emphasized the critical $126,000 level, stating that this level could open the door to a strong breakout. Venture capitalist Chris Burniske predicted a peak for Bitcoin in October, predicting that "BTC could reach $142,690." Burniske claimed that Ethereum could reach $6,900-8,000 during this cycle, while Solana could reach $420.BTC Markets analyst Rachael Lucas emphasized that the influx of institutional capital was driving the record highs: "Public and private companies, as well as sovereign wealth funds, currently control 3.64 million BTC, representing more than 17% of the total supply."Ethereum and the altcoin frontEthereum also maintained its strong performance, reaching a four-year high of $4,770. This level is only 2.5% away from its all-time high of 2021. Rekt Capital stated that Ethereum could enter a period of price discovery if the $4,630 level becomes support. Bitcoin dominance falling below 60% has been interpreted as a sign of the start of altcoin season.Selling Pressure from Long-Term InvestorsHowever, blockchain data shows that more than 300,000 BTC has been withdrawn from long-term wallets in the last four weeks. Some wallets that had been dormant for years have become active and profit-taking. Glassnode reported that these sales, which reached record levels in July, continued, albeit at a slower pace in August.Sam Gaer of Monarq Asset Management said, “While supply from older wallets limited the price increase, the market largely absorbed this pressure.” Furthermore, institutional investors selling call overwriting options at high prices has pushed volatility to historic lows.Analysts note that a strong demand base has formed at $118,000 and that macroeconomic conditions remain supportive. Sentora's Gabriel Halm stated that 1.88 million addresses bought 1.3 million BTC at an average price of $118,000, preventing sharp pullbacks. Vtrader founder Steve Gregory stated that Ethereum investors could capitalize and return to Bitcoin, which could support a sustained price above $120,000.
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14 Aug 2025
Google's Play Store Policy Raises Crypto Community
Google's recently implemented Play Store policy change sparked widespread backlash among cryptocurrency developers and privacy advocates. By requiring licenses for wallet apps, the company failed to distinguish between custodial and non-custodial models. This risked effectively banning many non-custodial wallets in the US and EU, despite not being legally required to do so. Following the outcry, Google clarified that non-custodial wallets were excluded and promised to amend the policy.Requirements Exceed US Legal FrameworkAccording to the initial policy, all wallet developers in the US were required to obtain FinCEN's Money Service Business (MSB) registration and a state-by-state "money transmitter license." This effectively extended the anti-money laundering (AML) and know-your-customer (KYC) requirements imposed on banks to all wallet apps. However, FinCEN's 2019 guidance clearly stated that non-custodial wallets, which do not hold or transfer user funds, are exempt from this classification. Although not legally required, the policy would force small developers to leave the Play Store and restrict users' access to privacy-focused tools. Risk of a de facto ban in the EU conflicting with MiCAOn the European Union side, Google's policy appeared to align with the "Crypto Asset Service Providers" (CASP) licensing system defined under MiCA. However, the CASP definition covers organizations that issue, exchange, or store digital assets. Because non-custodial wallets did not meet these criteria, obtaining a license was practically impossible. This meant they were removed from the EU Play Store. The only exception was if such wallets were distributed through a licensed CASP, which would have concentrated the market in the hands of large, regulated players. FATF Impact and “Commercial Regulation”The policy approach was very similar to the broader comments in the FATF’s 2021 guidance. The FATF had proposed that some non-custodial software developers involved in processes such as user interfaces, even if they don’t technically provide storage, be considered “Virtual Asset Service Providers.” While the FATF guidelines are not legally binding, member states can face sanctions if they fail to comply. Google’s inclusion of these standards in its app store rules has been characterized by critics as “commercial regulation.”Why are they important for decentralization and privacy?Non-custodial wallets are a cornerstone of the crypto ecosystem’s principle of “financial sovereignty.” These tools allow users to control their own keys and conduct transactions without relying on third parties. Applying bank-specific licensing regimes to these software could eliminate small projects and limit consumer options to strictly regulated applications with KYC requirements. This would be a major setback for innovation and privacy. Google's decision to backtrack and exempt non-custodial wallets from licensing is a positive development. However, this incident demonstrates that not only governments but also large tech companies can influence freedom of access and use in the crypto space. The infiltration of FATF-like frameworks into private sector policies could be seen as a sign that developers and users may be forced to fight the same struggle for privacy and autonomy, but on different fronts.
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14 Aug 2025
Meme Coin Platform Hit by $7 Million Bitcoin Hack
Odin.fun, a Bitcoin-based meme token launch and trading platform, lost approximately 58.2 BTC (approximately $7 million) due to a critical vulnerability in its liquidity automated market maker (AMM) system, which was implemented in its latest update. Company CEO Bob Bodily stated that the vulnerability was exploited by China-based groups, and that funds were withdrawn from the platform within two hours. The incident first came to light after a member of the Odin.fun community noticed it. In a post on social media platform X, Bodily admitted that the company's treasury could not cover the magnitude of the loss alone. This statement fueled concerns within the community about the platform's future.Bodily stated, "The remaining funds on the platform are safe," and announced that a top-tier security firm had been assigned to audit all code.The vulnerability was revealed in the latest update.According to the CEO, the attack stemmed from a vulnerability in Odin.fun's liquidity AMM mechanism, which enables decentralized token swaps. However, a bug added in a recent update allowed attackers to withdraw BTC without depositing the equivalent asset by manipulating trading pairs.Bodily stated that several groups with connections to China quickly discovered the vulnerability, withdrawing a significant amount of BTC from the platform and transferring it before the vulnerability was discovered. Withdrawals were immediately halted once the issue was identified.The company contacted OKX and Binance to trace the stolen funds. Both exchanges began coordinating with Chinese authorities. US law enforcement was also involved in the process.A clear warning to attackersBodily sent a direct message to the groups it claimed were involved in the attack:“You have a short time to return the funds. This is not a negotiation. Most of you have already been identified, and we will use all necessary time and resources to recover the stolen assets.”This isn’t the first security breach Odin.fun has faced. In April, the platform temporarily suspended withdrawals due to a vulnerability in its “Login with Bitcoin” feature. While the vulnerability was quickly patched at the time, the latest attack is much larger and has severely shaken user trust.While Odin.fun hasn't yet announced a clear compensation plan, Bodily stated, "We are working on a concrete plan to compensate everyone affected." He stated that despite the limited funds, they aim to compensate all users. The CEO stated that they are also considering alternative recovery strategies, but will not provide details at this time.Bodily claimed that despite the incidents, Odin.fun is the fastest-growing platform in the Bitcoin DeFi space and maintains its leading position. The company plans to utilize blockchain analysis, collaboration with major exchanges, and international legal processes to trace the stolen funds.
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13 Aug 2025
Daily Market Summary – August 13, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OutlookBitcoin continues its surge in volume. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $117,300 support. After breaking through the $123,100 region, it is expected to reach the $127,000 area. In the event of a pullback, the $114,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance levels are areas to be closely monitored.Crypto NewsBitMine has filed for a $20 billion share sale to acquire more ETH. Traders increased their positions anticipating a Fed rate cut in September.SUI Network mistakenly published and then deleted a blog post. The post stated that a listing announcement was made on Robinhood. This likely indicates that a draft press release was published prematurely.Trump: Considering lawsuit against Powell over Fed building costs.SEC's Peirce: We're not waiting for legislation to work on crypto.Ethereum surpasses $4,500 for the first time since December 3, 2021!21Shares filed a revised S-1 form for the Sui ETF.Kazakhstan-based Fonte Capital introduced Central Asia's first Bitcoin ETF.CryptocurrenciesTop Gainers:OKB → Up 174.6% to $126.64FARTCOIN → Up 24.9% to $1.07QUBIC → Up 20.6% to $0.00000278DEEP → Up 15.6% to $0.17445165GT → Up 14.9% to $18.80Top Losers:PROVE → Down 15.3% to $1.43WEMIX → Down 7.8% to $0.79438738ZORA → Down 7.0% to $0.11173092ZBCN → Down 5.5% to $0.00488242B → Down 4.1% to $0.63282928Fear Index:Bitcoin: 71 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 59.28% ▼ 0.69%Ethereum: 14.08% ▲ 1.78%Total Daily Net ETF InflowsBTC ETFs: $65.90 MillionETH ETFs: $523.90 MillionGlobal Markets, the Most Valuable Companies, and Stock PricesThe US July CPI rose 0.2% month-over-month and remained unchanged at 2.7% year-over-year. The core CPI rose 0.3% month-over-month and 3.1% year-over-year. Housing prices rose, while energy prices fell 1.1%. The data's lack of expectations fueled expectations for a Fed interest rate cut. This led to buying in global stock markets. US and European futures are positive, with strong buying in Asia. Progress in trade talks and expectations for the Trump-Putin summit scheduled for Friday in Alaska are also supporting markets. The dollar index and US 2-year Treasury yields declined slightly, while the VIX index fell to its lowest level of the year at 14.73.NVIDIA (NVDA) → Market capitalization of $4.47 trillion, price per share of $183.16, increased by 0.60%.Microsoft (MSFT) → Market capitalization of $3.93 trillion, price per share of $529.24, increased by 1.43%.Apple (AAPL) → Market capitalization of $3.41 trillion, price per share of $229.65, increased by 1.09%.Alphabet (GOOG) → Market capitalization of $2.46 trillion, price per share of $204.16, increased by 1.25%. Amazon.com (AMZN) → Market capitalization of $2.36 trillion, price per share of $221.47, increased by 0.08%.Borsa Istanbul Updates and Most Valuable CompaniesThe current account deficit reached $2.0 billion in June. The 12-month current account deficit increased to $18.9 billion. Energy and gold imports contributed to the increase. The Treasury borrowed a total of 136.1 billion TL in the last two days. The BIST 100 fell 0.8% yesterday, with Aselsan and Tüpraş leading the decline. THY and Destek Finans Factoring limited losses. The Trump-Putin meeting and positive global sentiment may keep the BIST 100 slightly bullish today.QNB Finansbank (QNBTR) → Market capitalization of $2.95 trillion, price per share of $793.50, decreased by 9.98%.Aselsan Electronics Industries (ASELS) → Market value of 784.32 billion TL, price per share of 173.60 TL, increased by 0.93%.Turkey Garanti Bank (GARAN) → Market value of 614.46 billion TL, price per share of 147.20 TL, increased by 0.62%.Koç Holding (KCHOL) → Market value of 455.95 billion TL, price per share of 178.90 TL, decreased by 0.50%.Turkish Airlines (THYAO) → Market value of 440.91 billion TL, price per share of 319.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4377 TLSilver: 50.33 TLPlatinum: 1777 TLDollar: 40.73 TLEuro: 47.59 TLWe look forward to bringing you the latest updates again tomorrow.
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13 Aug 2025
US Inflation Data Released: How Did Bitcoin React?
US inflation data, eagerly awaited by global markets since the beginning of the week, has been released. The July 2025 Consumer Price Index (CPI) results signaled potential reshaping investors' expectations for the Fed's future actions. Cryptocurrency markets, however, turned upwards immediately after the announcement.US inflation data releasedThe July 2025 US Consumer Price Index (CPI) data brought an end to the eager anticipation in markets. According to data released by the US Bureau of Labor Statistics (BLS), annual inflation was 2.7%, slightly below the market expectation of 2.8%. Annual inflation was also 2.7% in June. Monthly, the CPI increased by 0.2%.The lower-than-expected data has once again raised the possibility of potential scenarios for the US Federal Reserve's (Fed) interest rate policy. According to analysts, this could increase the likelihood of the Fed bringing forward interest rate cuts; however, some market commentators also suggest the Fed may adopt a cautious stance. The potential impact of the Donald Trump administration's tariffs and global trade policies on inflation remains a key concern for investors. The moderate course of core inflation is considered a development that could support risk appetite.The cryptocurrency market reacted quickly and generally positively to the data. As seen in the chart below, Bitcoin experienced a brief surge following the announcement. Ethereum (ETH) continued its upward momentum, trading around $4,309. ETH is seen to have a positive trend of 2-3% throughout the day. Major altcoins are also in the green, and investors are observed to be increasingly interested in risky assets following the macroeconomic data release. Statements from Fed officials in the coming days are expected to influence market expectations.
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12 Aug 2025
Daily Market Summary – August 12, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical ExplanationBitcoin continues its volatile rise. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $117,300 support. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In the event of a pullback, the $114,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance levels are areas to be closely monitored.Crypto NewsBlackRock Ethereum ETF saw $640 million in inflows.Luna founder Do Kwon has decided to plead guilty in the Luna stablecoin case, and therefore the hearing in January 2026 will not be held. Trump extended China's tariff period by 90 days.Coinbase Ventures purchased TON tokens directly from Telegram, according to a statement from an executive at the TON Foundation.SUI treasury Mill City Ventures purchased $20 million worth of $SUI.Fundamental Global announced it purchased $47,331 worth of $ETH for $200 million. The company will stake its assets to participate in Ethereum-based RWA and stablecoin yield strategies.Trump Media plans to launch a BTC-ETF later this year. It has filed an updated S-1 with the SEC.Strategy purchased 155 Bitcoin.CryptocurrenciesTop Gainers:PROVE → Up 11.6% to $1.59WEMIX → Up 5.5% to $0.83605867BIO → Up 5.4% to $0.12761396CTC → Up 5.4% to $0.70740814BTSE → Up 2.9% to $1.64Top Losers:FARTCOIN → Down 17.5% to $0.83945303ZORA → Down 15.3% to $0.11520258IP → Down 15.0% to $5.73PENGU → Down 11.9% to $0.03532916BONK → Down 11.2% to $0.00002435.Fear Index:Bitcoin: 69 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 60.51% ▼ 0.36%Ethereum: 13.28% ▲ 1.36%Total Daily Net ETF InflowsBTC ETFs: $403.90 MillionETH ETFs: $461.00 MillionGlobal Markets and the Most Valuable Companies and Stock PricesJuly inflation data will be released in the US today at 3:30 PM GMT. Annual CPI is expected to rise in both headline and core figures. This expectation led to a sell-off in US stock markets yesterday, but US and European futures, as well as Asian stock markets, are positive this morning. The VIX rose to 16.25, indicating a slight weakening of risk appetite ahead of the data. The market expects the CPI to rise by 0.2% monthly and 2.8% annually.NVIDIA (NVDA) → $4.44 trillion market capitalization, $182.06 per share, down 0.35%.Microsoft (MSFT) → $3.88 trillion market capitalization, $521.77 per share, down 0.05%.Apple (AAPL) → $3.37 trillion market capitalization, $227.18 per share, down 0.95%.Alphabet (GOOG) → $2.43 trillion market capitalization, $201.63 per share, down 0.23%. Amazon.com (AMZN) → $2.36 trillion market capitalization, $221.30 per share, fell 0.62%.Borsa Istanbul Updates and Most Valuable CompaniesIndustrial production increased by 0.7% month-on-month and 9.2% year-on-year in June. Adjusted for calendar effects, the annual increase was 8.3%. The defense industry supported production in the second quarter. The Treasury borrowed 80.5 billion TL in a 2-year bond auction yesterday, with an interest rate of 40.39%. 10-month bonds and 2-year lease certificates will be sold today. Exports increased by 7.9% to $20.5 billion in June, and imports increased by 15.2% to $28.7 billion. The current account balance is expected to be $2.2 billion in deficit. The BIST100 rose by 0.6% yesterday. Geopolitical developments and the US inflation data, due at 3:30 PM, will be closely monitored today, with a slightly bullish trend expected in the index.QNB Finansbank (QNBTR) → Market capitalization of 1.01 trillion TL, price per share of 290.25 TL, decreased by 0.86%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 661.69 billion TL, price per share of 142.00 TL, decreased by 0.35%.Turkish Airlines (THYAO) → Market capitalization of 622.58 billion TL, price per share of 42.08 TL, decreased by 0.81%.Tüpraş Türkiye Petrol Rafinerileri (TUPRS) → Market capitalization of 610.29 billion TL, price per share of 698.50 TL, increased by 0.93%.Koç Holding (KCHOL) → Market capitalization of 594.71 billion TL, price per share of 132.10 TL, increased by 0.38%.Precious Metals and Currency PricesGold: 4385 TLSilver: 49.50 TLPlatinum: 1754 TLDollar: 40.72 TLEuro: 47.32 TLWe look forward to bringing you the latest updates again tomorrow.
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12 Aug 2025
A New Era in Jeff Bezos's Company: Space Ticket with BTC, ETH and SOL
Blue Origin, the space exploration company owned by billionaire entrepreneur and Amazon founder Jeff Bezos, will now accept cryptocurrency payments. The company announced on August 11th that it has partnered with leading payment company Shift4 Payments, Inc. (FOUR), allowing customers to pay for space travel using popular cryptocurrencies like Bitcoin, Ethereum, Solana, and stablecoins like USDT and USDC.This new payment option will be available on Blue Origin's New Shepard rocket, used for commercial space flights. Customers can connect leading crypto wallets like Coinbase (COIN) and MetaMask to make payments quickly, directly, and securely."Together with Blue Origin, we are making space accessible to explorers around the world. This partnership will allow adventurers to easily and seamlessly book the trip of a lifetime, regardless of their preferred payment method," said Shift4 CEO Taylor Lauber.The new payment option is effective immediately, responding to the growing demand for fast and secure crypto payments. To date, more than 75 people have crossed the Kármán Line (the internationally recognized boundary of space) into space with New Shepard.Well-known figures in the crypto world are also showing interest in these flights. TRON founder Justin Sun recently flew into space with Blue Origin. There was speculation that Binance founder Changpeng "CZ" Zhao would also participate in a similar flight. However, CZ said he only plans to fly after Tesla owner Elon Musk goes to space.Crypto and "Space"The crypto community has been interested in space projects for years. Some blockchain projects have invested in satellite communication research, startups have funded space technologies through token sales, and companies like SpaceX have engaged in crypto-related PR. Blue Origin's crypto payment integration further strengthens the connection between these two high-tech fields.Blue Origin's partner, Shift4, is a veteran of cryptocurrency transactions. The company, which acquired The Giving Block in 2022, expanded its Web3 reach last June by partnering with Chainlink and Mastercard. Thanks to this partnership, customers worldwide will be able to book space tickets with crypto whenever they want.While the estimated $28 million in ticket prices makes this move seem more like a prestige and PR stunt, the acceptance of crypto payments in such a high-level service is considered a remarkable development in the industry.
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12 Aug 2025
New Moves in Corporate Crypto Treasuries: Billion-Dollar Purchases in BNB, Ethereum, and Bitcoin
Institutional investors in the cryptocurrency market are increasingly aggressive in their treasury management strategies. Three major companies listed on Nasdaq and the NYSE have recently attracted attention with their purchases totaling billions of dollars in BNB, Ethereum, and Bitcoin.BNC Makes $160 Million BNB InvestmentBNB Network Company (formerly CEA Industries Inc.), traded on Nasdaq under the ticker symbol BNC, has acquired 200,000 BNB tokens, becoming the world's largest institutional BNB treasury holder. This $160 million purchase follows a $500 million private equity raise in partnership with 10X Capital and YZi Labs.The company is pursuing an aggressive strategy by focusing its treasury entirely on BNB. BNC plans to direct its remaining capital toward additional BNB purchases and, by exercising its option of up to $750 million, bring the total investment to $1.25 billion. The addition of Galaxy Digital co-founder David Namdar as CEO and the addition of former CalPERS CIO Russell Read to the team demonstrate the commitment to this transformation.BNB has 250 million users and an average daily trading volume of $9.3 billion. Increasing on-chain activity, deflationary token burns, and a potential BNB spot ETF are among the potential catalysts that could increase institutional interest.BitMine Adds $4.9 Billion in Ethereum StockpilesEthereum-focused treasury management company BitMine Immersion (BMNR) announced that it has increased its ETH holdings to 1.15 million, reaching a reserve of approximately $4.9 billion. This amount makes the company the world's largest institutional Ethereum treasury.The company engaged in an aggressive acquisition campaign during the summer. Last week, BitMine held 833,000 ETH and added 317,000 ETH ($1.3 billion) in just one week. BitMine President and Fundstrat co-founder Tom Lee stated that Ethereum is experiencing a "2017 Bitcoin moment," predicting that regulatory developments and institutional use cases could push the price to $30,000.Michael Saylor Makes New Bitcoin MoveOn the Bitcoin front, Michael Saylor's company, Strategy (formerly MicroStrategy), known for its "Bitcoin treasury" model, announced the purchase of 155 BTC for $18 million. This brings its total Bitcoin reserves to 628,946 BTC. The company's total holdings cost $46.09 billion, with an average purchase price of $73,288. While this purchase is one of Strategy's smallest of the year, it follows last week's record purchase of 21,021 BTC ($2.46 billion). The company is planning a new $4.2 billion stock offering and aims to use this funding to acquire more BTC.
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11 Aug 2025
Half a Billion Dollar Inflow into Crypto Funds: Ethereum and Bitcoin Rebound, SOL and XRP Rise
Last week, cryptoasset investment products saw strong inflows again. According to CoinShares data, total net inflows globally reached $572 million. While weak US employment data triggered a $1 billion outflow in the early days of the week, the government's announcement that it would allow digital assets in 401(k) retirement plans led to a $1.57 billion inflow in the second half. Thus, the week closed on a positive note.Ethereum Leads, Bitcoin FollowsEthereum-based investment products dominated the week with $268 million in inflows. With ETH surpassing $4,000 for the first time in eight months, total inflows since the beginning of the year reached $8.2 billion, and assets under management reached an all-time high of $32.6 billion. This represents an 82% increase since the beginning of 2025.On the Bitcoin side, the two-week outflow streak ended. BTC investment products closed the week with $260 million in inflows. Spot Bitcoin ETFs in the US accounted for $253.2 million of this figure. Short Bitcoin products saw $4 million in outflows.Notable activity in altcoinsSignificant inflows were also seen in altcoin investment products. According to data provided by CoinShares:Solana (SOL): $21.6 millionXRP: $18.4 millionNear: $10.1 millionCardano (ADA): $1.5 millionChainlink (LINK): $0.7 millionStellar (XLM): $0.6 millionIn contrast, multi-asset products saw $3 million in outflows, and Sui saw $3 million in outflows. Regional breakdown: US leads, Europe negativeThe strongest regional inflows came from the US. The US led the week with $608 million in net inflows, followed by Canada with $16.5 million and Australia with $7.9 million. Hong Kong also contributed $1.4 million positively.Europe, on the other hand, was more cautious. Germany, Sweden, and Switzerland saw a total of $54.3 million in outflows. Germany recorded net outflows of $33.5 million, Sweden $16.5 million, and Switzerland $1.1 million.iShares Leads the Week Among ProvidersBy provider, iShares/USA took the largest share of the week with $294 million in inflows. Bitwise was in positive territory with $95 million, and Grayscale $87 million. ProShares saw $35 million in inflows, while Fidelity saw $55 million, ARK 21Shares $6 million, and CoinShares XBT Provider AB saw $16 million.Overall, despite the quieter trading volume during the summer months, optimism brought on by 401(k) regulation significantly boosted investor appetite. Ethereum's record levels, Bitcoin's recovery, and new fund inflows into altcoins indicate that the market outlook may remain positive in the short term.
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11 Aug 2025
Daily Market Summary – August 11, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewBitcoin continues its volatile rise. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $121,300 support. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In the event of a pullback, the $117,000 region will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance are areas to be closely monitored.Crypto NewsEl Salvador plans to open the world's first Bitcoin bank. • Donald Trump: I'm working to end the Russia-Ukraine war.Harvard invested $120 million in BlackRock's Bitcoin ETF.Eric Trump: It makes me happy to see ETH short positions shattered today. Stop taking positions against BTC and ETH, or you'll get crushed.World Liberty plans to raise $1.5 billion by listing on the Nasdaq exchange. The plan closely mirrors MicroStrategy's "crypto treasury" model and positions the new organization as a digital asset vault for investors.The LayerZero Foundation has offered to acquire Stargate.CryptocurrenciesTop Gainers:ZORA → Up 42.5% to $0.1343976ZRO → Up 26.7% to $2.44LDO → Up 16.4% to $1.48PUMP → Up 13.5% to $0.00357332VSN → Up 12.0% to $0.21711043Top Losers:PROVE → Down 5.8% to $1.43FARTCOIN → Down 4.2% to $1.02ZBCN → Down 4.1% to $0.005011271INCH → Down 2.3% to $0.27679996DEXE → Down 2.2% to $7.86 Fear Index:Bitcoin: 69 (Greed)Ethereum: 52 (Neutral)Dominance:Bitcoin: 60.68% ▲ 0.32%Ethereum: 13.02% ▼ 0.42%Total Daily Net ETF InflowsBTC ETFs: $403.90 MillionETH ETFs: $461.00 MillionGlobal Markets and the Most Valuable Companies and Stock PricesGlobal markets started the week on a positive note. Trump and Putin are expected to meet in Alaska on Friday. Declining global risks, rising expectations for a Fed interest rate cut, improved earnings, and progress in trade talks are supporting the markets.The VIX index fell 5.2 points last week to 15.15, indicating a strengthening risk appetite. According to FAO data, global food prices increased by 1.6% in July. Meat and vegetable oil prices were the primary drivers of this increase. The index is 7.6% higher than the same month last year and 18.8% below its 2022 peak.The most important international data of the week will be the US CPI data, to be released tomorrow. Inflation continues to rise gradually.NVIDIA (NVDA) → $4.46 trillion market capitalization, $182.70 per share, increased by 1.07%.Microsoft (MSFT) → $3.88 trillion market capitalization, $522.04 per share, increased by 0.23%.Apple (AAPL) → $3.4 trillion market capitalization, $229.35 per share, increased by 4.24%. Alphabet (GOOG) → $2.44 trillion market capitalization, $202.09 per share, rose 2.44%.Amazon.com (AMZN) → $2.37 trillion market capitalization, $222.69 per share, fell 0.20%.Borsa Istanbul Updates and Most Valuable CompaniesToday, TÜİK (Turkish Statistical Institute) will release June industrial production and construction cost data. Previous month, industrial production increased by 3.1% month-on-month and 4.9% year-on-year. Preliminary June data indicates a continued slowdown in manufacturing.The Treasury will sell 2-year bonds today and 10-month bonds and 2-year lease certificates tomorrow.The BIST 100 rose 0.15% on Friday. Corporate balance sheets will be busy this week. The Central Bank of the Republic of Turkey (CBRT) Inflation Report will be closely watched on Thursday. Developments regarding the Trump-Putin meeting will be closely monitored abroad. The BIST 100 is expected to be slightly bullish today.QNB Finansbank (QNBTR) → Market capitalization of 1.01 trillion TL, price per share of 290.25 TL, decreased by 0.86%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 661.69 billion TL, price per share of 142.00 TL, decreased by 0.35%.Turkish Airlines (THYAO) → Market capitalization of 622.58 billion TL, price per share of 42.08 TL, decreased by 0.81%.Tüpraş Türkiye Petrol Rafinerileri (TUPRS) → Market capitalization of 610.29 billion TL, price per share of 698.50 TL, increased by 0.93%.Koç Holding (KCHOL) → Market capitalization of 594.71 billion TL, price per share of 132.10 TL, increased by 0.38%.Precious Metals and Currency PricesGold: 4419 TLSilver: 49.84 TLPlatinum: 1738 TLDollar: 40.75 TLEuro: 47.59 TLWe look forward to bringing you the latest updates again tomorrow.
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11 Aug 2025
Bitcoin and Ethereum Rise on Trump's Crypto Decision and Inflation Expectations
The cryptocurrency market had a strong start to the new week. Bitcoin price rose 3 percent in the last 24 hours, rising above $122,000 and moving one step closer to its all-time high (ATH). It later retreated to $121,000. Meanwhile, Ethereum (ETH) reached $4,300, its highest level since December 2021. This rise is driven by both policy developments and technical and macroeconomic factors. US President Donald Trump has directed the Department of Labor to investigate the possibility of adding cryptocurrencies, private equity, and other alternative assets to 401(k) retirement plans. Analysts note that this step could create room for crypto assets in the retirement portfolios of millions of US investors, significantly increasing institutional demand. As you may recall, the approval of spot Bitcoin ETFs in 2024 brought significant liquidity to the market. According to market data, spot Bitcoin ETFs saw net inflows of $253 million last week, while Ethereum ETFs saw net inflows of $461 million. These strong inflows, particularly in Ethereum, are bolstering expectations that the ETH price could approach its record high of $4,878 in the short term. Institutional firms are also active on the buying side; for example, SharpLink Gaming reportedly purchased 52,800 ETH over the weekend.BTC is on the rise again after consolidating around $115,000 last week. The rally, which began during trading hours in the Asian region, accelerated with a breakout of $119,000, and the price quickly climbed above $122,000. During this period, $50 million worth of short positions were liquidated within two hours, further fueling the rally.On-chain data also points to strong activity on the Bitcoin network. According to analyst Ali Martinez, 364,126 new BTC addresses were created daily, the highest level in a year. Macroeconomic developments are eagerly awaitedOn the macroeconomic front, all eyes are on the US Consumer Price Index (CPI) and Producer Price Index (PPI) data, which will be released this week. Market expectations are for inflation to rise by 0.3 percent in July. Economists note that Trump's tariffs have triggered price increases, particularly in items such as household goods and entertainment products.While the likelihood of a rate cut at the Fed's September meeting is increasing, Polymarket data indicates a 40 percent probability of two 50 basis point cuts. However, following the revision in employment data, expectations for a more aggressive 75 basis point cut have risen from 8 percent to 23 percent.Analysts emphasize that historically, July and August have been positive for Bitcoin in post-halving years, with a potential pullback in September leading to new highs in the final quarter of the year. The market will be closely watching to see whether this week's inflation data supports the rally.
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11 Aug 2025
El Salvador Prepares to Build the World's First "Bitcoin Bank"
El Salvador's Bitcoin revolution is taking a new dimension with a new and ambitious step. The country's official Bitcoin Office announced on social media platform X that "Bitcoin Banks" are on the way. These banks could make history as the world's first banking system built solely on Bitcoin. While the announcement was brief, this development is expected to further integrate Bitcoin into the country's financial infrastructure. Speculation suggests that the Salvadoran government may be working on a new legal framework that would allow banking services entirely in BTC. This would allow savings accounts, loan services, and payments to be made entirely in Bitcoin.A step aligned with the BPI modelThis idea parallels the Bank for Private Investment (BPI) model introduced by President Nayib Bukele last year. Under this model, banks would be subject to less regulation than traditional financial institutions, have greater freedom to collaborate with international banks, and be flexible in lending. Proposed requirements for the BPI include a minimum capital of $50 million, a minimum requirement of two partners, and the ability to register as a digital asset manager or Bitcoin service provider. This proposal is currently under review by the Commission on Technology, Tourism, and Investments.Ambitious Statements from Bitcoin Advisor Max KeiserMax Keiser, a senior Bitcoin advisor to El Salvador's President Bukele, described the plan as an "unstoppable" step for Bitcoin. "Bitcoin is going to swallow all the $400 trillion in accumulated value in the world while bypassing central banks and their old, dysfunctional institutions," Keiser said. Keiser and his wife, Stacy Herbert, have been among the key architects of the country's pro-Bitcoin policies since Bitcoin was legally recognized in 2021.If Bitcoin Banks are implemented, El Salvador could become the epicenter of global Bitcoin innovation. This could attract crypto investors, entrepreneurs, and companies seeking a Bitcoin-friendly ecosystem.However, the project faces some significant challenges. First, a clear regulatory framework for how Bitcoin banks will operate has not yet been announced. The International Monetary Fund (IMF) has repeatedly warned about Bitcoin's risks, and this pressure, given El Salvador's $1.4 billion loan agreement, could limit the project's scope. Furthermore, Bitcoin's high volatility could impact the stability of deposits, loans, and overall bank operations. While Bitcoin is legal tender, the majority of the country's population still prefers the US dollar for daily transactions. Furthermore, criticism of the government's lack of transparency regarding Bitcoin purchases could undermine public trust. Whether El Salvador can implement this bold step will be determined by the legal and economic steps taken in the coming months.
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8 Aug 2025
Daily Market Summary – August 8, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OutlookAfter spending last week declining, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $116,500. Support is at $113,500 in the lower range. The short-term target for the upper range is $118,200.The target we mentioned in previous newsletters for Ethereum was also reached on the same day. The market structure remains positive. ETH, which rose to $3,950, will target the $4,150 region as long as it stays above $3,700.Crypto NewsTrump: The Fed chair's decision will be announced by the end of the week. We have several candidates. The candidates are currently down to four.Japan's largest bank has applied for Bitcoin and XRP ETFs.Kashkari: Two interest rate cuts this year seem appropriate.The CBOE is proposing amending the VanEck Ethereum ETF to allow ether staking.China will allow the launch of its first stablecoin. -Financial TimesThe US will impose a 15% tariff on goods imported from Japan.CryptocurrenciesTop Gainers:BEAM → Up 14.1% to $0.00772947FLUID → Up 10.0% to $6.02CHEEMS → Up 9.5% to $0.00000124TOSHI → Up 9.5% to $0.00064634DEXE → Up 9.3% to $8.38Top Losers:M → Down 5.2% to $0.49628287PUMP → Down 4.5% to $0.00325032XMR → Down 3.2% to $283.25TKX → Down 3.0% to $5.03BTSE → Down 2.1% to $1.58 Fear Index:Bitcoin: 59 (Greed)Ethereum: 50 (Neutral)Dominance:Bitcoin: 61.64% ▼ 0.07%Ethereum: 11.97% ▼ 0.08%Total Daily Net ETF InflowsBTC ETFs: $91.60 MillionETH ETFs: $35.10 MillionGlobal Markets, Most Valuable Companies, and Stock PricesGlobal markets are trading positively this morning. US and European futures, as well as Asian stock markets, are trading positively. This optimism stems from the Fed's interest rate cut being brought forward, Apple's $100 billion investment plan, and progress in US trade talks. Pressure on Russia and India and geopolitical risks are currently in the background. The VIX index fell 1.1 points to 16.77. This suggests that Fed expectations have reduced volatility in pricing. German industrial production and US weekly unemployment claims will be closely watched today.NVIDIA (NVDA) → $4.38 trillion market capitalization, $179.42 per share, rose 0.65%.Microsoft (MSFT) → $3.90 trillion market capitalization, $524.94 per share, fell 0.53%.Apple (AAPL) → $3.16 trillion market capitalization, $213.25 per share, rose 5.09%.Alphabet (GOOG) → $2.38 trillion market capitalization, $196.92 per share, rose 0.82%. Amazon.com (AMZN) → $2.37 trillion market capitalization, $222.31 per share, increased by 4.00%.Borsa Istanbul Updates and Most Valuable CompaniesThe BIST100 continues its slight upward trend driven by stock-based movements. Yesterday, the index closed at its highest level in a year in Turkish Lira terms, 2.5% shy of its all-time high. In US dollars, it is still 20% below its peak. The market is expected to continue to move based on stock-based movements for some time, depending on balance sheets. MSCI will announce the index changes tonight, effective August 27th. Potential share exits could cause volatility in share prices.QNB Finansbank (QNBTR) → $2.47 trillion market capitalization, $809.5 per share, increased by 9.99%.Aselsan Electronics Industries (ASELS) → Market value of 828.1 billion TL, price per share of 181.9 TL, increased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market value of 628.32 billion TL, price per share of 150.3 TL, increased by 0.47%.Koç Holding A.Ş. (KCHOL) → Market value of 462.55 billion TL, price per share of 184.0 TL, increased by 0.88%.Turkish Airlines Inc. (THYAO) → Market value of 425.73 billion TL, price per share of 310.25 TL, increased by 0.57%.Precious Metals and Currency PricesGold: 4416 TLSilver: 49.53 TLPlatinum: 1743 TLDollar: 40.67 TLEuro: 47.13 TLWe look forward to bringing you the latest updates again tomorrow.
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8 Aug 2025
Daily Market Summary with JrKripto August 7, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After spending last week declining, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $114,000. Support lies at $113,500 in the lower range. The short-term target for the upper range is $116,200.For Ethereum, the target we mentioned in previous newsletters was reached on the same day. The market structure remains positive. ETH, which rose to $3,730, will target the $4,000 region as long as it remains above $3,500.Crypto NewsThe CFTC will launch an initiative for the trading of spot crypto asset contracts.MANTRA and Inveniam are merging in the global RWA market. The MANTRA platform and fintech firm Inveniam are launching a UAE- and US-focused institutional real assets (RWA) ecosystem.MEI Pharma acquired Litecoin and launched a $100 million corporate treasury strategy with advisory from Charlie Lee and GSR.SharpLink purchased 83,561 ETH for $264.5 million at an average price of $3,634Trump: We are very close to a deal with China.Galaxy Digital is also jumping on the tokenization bandwagon. The company reached an agreement with RWA platform Superstate to issue the GLXY token.SEC releases statement on liquid staking activities: Liquid staking activities are not considered securities.Metamask introduces the Metamask USD stablecoin.CryptocurrenciesTop Risers:MYX → Up 126.9% to $1.99ZBCN → Up 9.6% to $0.005509OM → Up 9.3% to $0.27304455PUMP → Up 7.9% to $0.00344558SYRUP → Up 6.4% to $0.4471353Top Fallers:QUBIC → Down 16.5% to $0.00000022WEMIX → Down 7.4% to $0.76227445PROVE → Down 7.1% to $1.25FRAX → Down 6.6% to $2.59KTA → Down 5.4% to $1.02Fear Index:Bitcoin: 58 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 61.95% ▲ 0.17%Ethereum: 11.83% ▼ 0.30%Total Daily Net ETF Inflows• BTC ETFs: -$196.20 Million• ETH ETFs: $73.30 MillionGlobal MarketsGlobal markets are starting the day with gains. While Wall Street saw sell-offs following yesterday's weak ISM services data from the US, expectations of a Fed rate cut and corporate news are supporting buying this morning. US and European futures, as well as Asian stock markets, are in positive territory.The ISM services index remained just above the threshold level at 50.1 in July. Weaknesses were observed in business activity, new orders, and employment. The price index, which indicates inflationary pressures, rose from 67.5 to 69.9, reaching its highest level since October 2022. The VIX index rose to 17.85, indicating that volatility persisted, albeit limited.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.35 trillion market capitalization, $178.26 per share, decreased 0.97%.Microsoft (MSFT) → $3.92 trillion market capitalization, $527.75 per share, decreased 1.47%.Apple (AAPL) → $3.01 trillion market capitalization, $202.92 per share, decreased 0.21%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.32 per share, down 0.22%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $213.75 per share, up 0.99%.Borsa IstanbulAccording to seasonally adjusted data from the Turkish Statistical Institute (TÜİK), monthly inflation was 2.65% in July (June: 2.0%). The CPI-based real exchange rate fell 0.9% in July to 69.4, its lowest level since September 2024. The PPI-based real exchange rate decreased 1.5% to 91.9.The BIST-100 closed flat yesterday. The weak performance of the last two days makes it difficult to break above the 10,900 level. We expect the index to continue trading tight today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.24 trillion TL, price per share of 736.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 844.06 billion TL, price per share of 180.4 TL, decreased by 2.54%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 630 billion TL, price per share of 148.1 TL, decreased by 1.27%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 459.25 billion TL, price per share of 181.0 TL, decreased by 0.06%.Türk Hava Yolları A.O. (THYAO) → 407.79 billion TL market capitalization, 300.75 TL per share, increased by 1.78%.Precious Metals and Currency PricesGold: 4410 TLSilver: 49.53 TLPlatinum: 1743 TLDollar: 40.68 TLEuro: 47.13 TLWe look forward to bringing you the latest updates again tomorrow.
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7 Aug 2025
Nasdaq-Listed Company Opens Portfolio: Most Held are BTC and 4 Altcoins
DeFi Technologies Inc. (Nasdaq: DEFT), a financial technology company that bridges the gap between decentralized finance (DeFi) and traditional capital markets, has seen impressive growth since July 2025. Its subsidiaries, Valour Inc. and Valour Digital Securities Limited (Valour), reported $947 million in assets under management (AUM) at the end of July, a 23% increase from the previous month. Bitcoin, Solana, SUI, Avalanche, and CORE were among the crypto assets that accounted for the largest share of the company's portfolio.Valour had the second-best performance of the year, recording net inflows of $14.4 million in July. Total net inflows since the beginning of 2025 reached $90.4 million.Notable ETPs: SOL, DOGE, and SUIThe products that saw the most inflows in the company's ETP portfolio included both established and newly listed assets such as SOL, DOGE, and SUI. Valour's net inflows for these products were as follows:VALOUR SOL SEK: $5.5 millionVALOUR DOGE SEK: $2.66 millionVALOUR SUI SEK: $2.38 millionVALOUR SEI SEK: $1.09 millionVALOUR CRV SEK: $926,000Valour generates its revenue primarily from staking returns and management fees on the assets it manages. In the first quarter of 2025, it generated $10 million in staking and lending revenue and $2.6 million in management fees. As of July 31st, the ETPs with the highest AUM were:VALOUR BTC: $291.9 millionVALOUR SOL: $269.4 millionVALOUR ETH: $86.6 millionVALOUR XRP: $65.1 millionVALOUR SUI: $58.4 millionVALOUR ADA: $51.8 millionValour has over 75 ETPs listed on European and UK exchanges. The company aims to increase this number to 100 by the end of 2025. Recently, eight new products based on digital assets such as BCH, LEO, OKB, POL, ALGO, FIL, ARB, and STX were listed on Sweden's Spotlight Stock Market platform. Valour also entered the Swiss market with its HBAR and ICP staking products. The company holds the most Bitcoin and these four altcoins in its treasuryAs of the end of July, DeFi Technologies' cash and USDT balance stood at approximately $17 million. Its debt remained stable at $6 million. Its digital asset treasury reached $73.5 million, and the portfolio included the following assets:BTC (251.6 units): $29.7 millionSOL (61,000 units): $11.6 millionAVAX (398,321 units): $9.5 millionCORE (7,100,000 units): $4 millionSUI (4,913,918 units): $18.5 millionStillman Digital, one of the company's subsidiaries, processed approximately $1.95 billion in trading volume in July. A strategic partnership was also formed with Ozean, Clearpool's RWA protocol. This partnership aims to facilitate the inflow of institutional capital into real-world assets (RWA). Finally, the trading unit, called DeFi Alpha, generated $114.1 million in revenue since its launch in the second quarter of 2024. Specifically, a one-time arbitrage transaction on May 5, 2025, yielded $17.3 million.
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6 Aug 2025