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A First in Japan: Application for a Crypto ETF Combining Bitcoin and XRP
Japan-based financial giant SBI Holdings has officially filed an application with the Japan Financial Services Agency (FSA) for a dual-asset crypto ETF (Exchange-Traded Fund) featuring Bitcoin and XRP, marking a first in the country. This move could mark the first time XRP has been considered an institutional-level investment product in the Japanese financial market.Announced in the company's second-quarter 2025 financial report, this new product is called a "Crypto-Assets ETF." The fund aims to provide investors with a single investment gateway offering direct access to both Bitcoin and XRP. The fund's structure aims to offer investors a diversified crypto portfolio by simultaneously monitoring the performance of both assets.Another ETF application is also mentionedSBI has also filed an application for a second product, the "Digital Gold Crypto ETF." This fund plans to allocate more than 50% of its portfolio to gold ETFs and invest the remainder in gold-backed cryptocurrencies. This hybrid structure particularly appeals to investors who are wary of volatility but don't want to completely avoid crypto assets. If the applications are approved by the FSA, XRP will be offered to investors in Japan as part of a regulated investment product for the first time. This is seen as a significant step in the global legitimacy of XRP, which is based on Ripple's payment technologies. As you may recall, XRP remains excluded from many major institutional investment products due to regulatory uncertainties in the US.SBI Holdings CEO Yoshitaka Kitao stated, "This initiative reflects our commitment to integrating blockchain-based assets into the regulated financial system in Japan and Asia."SBI's move is significant for investors in Japan, as well as in Asia in general. It's a fact that institutional investors in this region may see a softening of their approach to cryptocurrencies. Furthermore, the greater acceptance of XRP in Japan could encourage other financial institutions in the region to develop similar products. This development has been met with great excitement in the crypto community, especially among XRP supporters. This group, known as the "XRP Army," interprets SBI's ETF application as a significant milestone in gaining institutional recognition for XRP.As of August 6, 2025, when the news broke, the price of XRP was trading around $2.95. According to JrKripto data, XRP is listed as the third-largest cryptocurrency with a market capitalization of $174.5 billion. Having gained approximately 30% in the last 30 days, XRP has attracted renewed attention due to increased institutional adoption. However, it's worth noting that SBI's move has not yet been reflected in the price.While official approval has not yet been received, SBI's application can be expected to open a new chapter in Japan's crypto finance sector.
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6 Aug 2025
Daily Market Summary with JrKripto August 6, 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 experiencing a decline last week, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $114,000. Support is 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 NewsCFTC to 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 company 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 Charlie Lee and GSR advisory.SharpLink acquired 83,561 ETH for $264.5 million at an average price of $3,634.Trump: 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.The SEC released a statement regarding liquid staking activities: Liquid staking activities are not considered securities.Metamask introduced the Metamask USD stablecoin.CryptocurrenciesTop Gainers: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 Losers: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 InflowsBTC ETFs: -$196.20 MillionETH 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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6 Aug 2025
Trump Shields Crypto Sector: Investigation Into "Debanking" Practices Underway
Former US President Donald Trump is preparing to take action against allegations that various sectors, particularly crypto companies, are being excluded from the financial system. According to The Wall Street Journal, Trump is about to sign a comprehensive executive order targeting banks' attempts to block individuals and institutions from accessing financial services for political reasons. The executive order is also expected to examine the "debanking" practices targeting crypto companies.Trump's draft executive order not only investigates whether banks discriminate based on political affiliation but also proposes fines and disciplinary procedures if violations are detected. It will also investigate whether financial institutions violate the Equal Credit Opportunity Act, antitrust laws, and consumer protection regulations. It is rumored that the executive order could be signed this week."Choke Point 2.0" DebatesIt has been frequently stated that the crypto sector has been under intense regulatory pressure, especially during the Biden administration. This process has become known within the industry as "Operation Choke Point 2.0." This operation, first implemented during the Obama administration, aimed to exclude sectors deemed high-risk from the financial system. However, over time, this practice evolved into the exclusion of individuals and institutions deemed politically unsuitable. Especially after 2022, crypto companies and conservative groups argue that they are direct targets of this policy. Trump's executive order aims to end discriminatory policies against crypto companies and conservatives. The executive order will also review the Small Business Administration's lending partnerships, and some cases will be referred to the Department of Justice.Crypto industry voices riseTrump is known to have increasingly adopted a crypto-friendly stance during the campaign. Prominent figures in the crypto industry (such as Coinbase CEO Brian Armstrong, Gemini founders Tyler and Cameron Winklevoss, and Custodia CEO Caitlin Long) have publicly shared their past debanking experiences.Donald Trump's son, Eric Trump, has also stated that he has been subjected to this pressure. World Liberty Financial, one of the crypto projects he manages, and Bitcoin mining firm America Bitcoin stated that they were unable to receive service from banks. "Because my father was in politics, banks excluded us from the system. At that moment, I realized crypto was an alternative way to escape this system," he said, summing up his experience.Banks have begun taking precautionsWith the expectation that the Trump administration will approach crypto more favorably, some banks have begun reviewing their policies. In recent months, banks have even been known to meet with Republican attorneys general to prove they are not politically discriminated against. Trump-appointed regulators (the Fed, the OCC, and the FDIC) have also announced that abstract reasons like "reputational risk" will no longer be considered in customer relationships.
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5 Aug 2025
Daily Market Summary with JrKripto August 5, 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 declining throughout last week, Bitcoin kicked off the new week with a rebound. Having dropped to $111,920, BTC is now trading around the $114,000 level. Support is seen at $113,500 on the lower end. In the short term, Ethereum is targeting the $116,200 level.The target highlighted in yesterday’s bulletin was reached within the same day, reflecting a sustained positive market structure. ETH, which climbed to $3,730, is now eyeing the $4,000 region, as long as it holds above the $3,500 support level.Crypto NewsBitmine, chaired by renowned investor Tom Lee, continues to purchase Ether. The company has acquired an additional 208,000 ETH since last week, bringing its total holdings to 833,000 ETH.The Strategy purchased 21,020 BTC between July 28 and August 3.Nasdaq-listed company Verb Technology announced its TON treasury strategy with a $558 million investment.The EU will suspend trade measures against the US for 6 months.$1.1 trillion was added to the US stock market yesterday.The CFTC will launch an initiative to "buy and sell spot crypto asset contracts."CryptocurrenciesTop Risers:MNT → Up 22.7% to $0.8939078LTC → Up 11.7% to $124.14FLUID → Up 11.2% to $5.58M → Up 10.6% to $0.54350284PUMP → Up 10.5% to $0.00318824Top Fallers:SAROS → Down 7.1% to $0.37846208TON → Down 5.6% to $3.35TRIBE → Down 5.6% to $0.57204557FRAX → Down 4.5% to $2.80ZBCN → Down 4.0% to $0.00507614Fear Index:Bitcoin: 60 (Greed)Ethereum: 42 (Fear)Dominance:Bitcoin: 61.59% ▲ 0.27%Ethereum: 11.92% ▼ 1.07%Total Daily Net ETF InflowsBTC ETFs: -$323.50 MillionETH ETFs: -$465.10 MillionGlobal MarketsRising expectations of a Fed interest rate cut, progress in trade negotiations, and positive corporate news are all supporting global markets. U.S., European futures, and Asian stock markets are trading higher this morning.The VIX index, which had climbed to 20.38 on Friday, dropped to 17.52 yesterday, signaling a decline in market anxiety.In the U.S., durable goods orders fell by 9.4% in June, while new orders excluding transportation saw only a modest increase of 0.2%. Service sector data will be released today. In July, the composite PMI stood at 54.6 and the services index at 55.2—both indicating growth. The ISM services index for July is expected to come in at 51.5.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.39 trillion market capitalization, $180.00 per share, up 3.62%.Microsoft (MSFT) → $3.98 trillion market capitalization, $535.64 per share, up 2.20%.Apple (AAPL) → $3.04 trillion market capitalization, $203.35 per share, up 0.48%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.75 per share, up 3.05%. Amazon.com (AMZN) → $2.26 trillion market capitalization, $211.65 per share, fell 1.44%.Borsa IstanbulThe monthly CPI (CPI) fell 2.06% in July, below both our and market expectations. This brought annual inflation down to 33.5%. Core inflation indicators also declined, with the B index reaching 33.8% and the C index reaching 34.7%. The Central Bank of the Republic of Turkey (CBRT) real effective exchange rate and seasonally adjusted data from TurkStat (Turkish Statistical Institute) will be monitored today.Following the lower-than-expected inflation data, the BIST-100 index rose 1% yesterday, led by banking stocks. However, it retreated 0.7% from its intraday peak. The BIST-100 is expected to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.04 trillion TL, price per share of 669.5 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 859.56 billion TL, price per share of 186.4 TL, decreased by 1.11%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 637.56 billion TL, price per share of 151.9 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 460.77 billion TL, price per share of 181.2 TL, decreased by 0.28%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 409.75 billion TL, price per share of 71.00 TL, increased by 1.57%.Precious Metals and Currency PricesGold: 4402 TLSilver: 49.03 TLPlatinum: 1749 TLDollar: 40.68 TLEuro: 47.01 TLWe look forward to bringing you the latest updates again tomorrow.
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5 Aug 2025
Major US Move into Crypto Market: CFTC Greenlights Leveraged Spot Crypto Transactions
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to make a historic change to cryptocurrency regulations. According to the new initiative announced by CFTC interim Chair Caroline Pham, exchanges currently authorized to offer futures contracts will be allowed to offer spot cryptocurrency transactions with leverage.What does the new regulation mean?The model the CFTC is working on envisions exchanges with Designated Contract Market (DCM) status transitioning beyond limited derivatives to direct spot cryptocurrency transactions. Spot transactions allow users to buy and sell assets instantly, while leveraged trading allows investors to take larger positions. This framework will offer both institutional and retail investors more trading options within a regulated and supervised framework. Furthermore, because it is planned to utilize existing legal infrastructure, it can be implemented quickly without waiting for new legislation from Congress. Coordination with the SEC: A move parallel to "Project Crypto"This development, as we reported last week, follows the "Project Crypto" initiative announced by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. This initiative aims to clarify the rules for classifying blockchain-based assets as securities.The CFTC, on its part, wants to create a space suitable for regulating cryptocurrencies as commodities. This signals the emergence of a two-agency digital asset regulatory system in the U.S. Thus, under a collaborative structure between the SEC and CFTC, investors will be able to trade on a more robust basis, both in terms of security and flexibility.Comment period begins: August 18 deadlineCaroline Pham said in a statement, "Starting today, we invite all stakeholders to provide feedback on how leveraged spot crypto asset contracts could be listed on a DCM." This consultation process, launched on the CFTC's official website, will remain open until August 18, 2025. Comments submitted will be shared publicly and actively evaluated in shaping regulations. This process allows various actors in the crypto ecosystem (exchanges, investors, developers, and legal experts) to contribute to the process.In futures trading, investors enter into contracts to buy and sell assets on a specific date. However, in spot markets, assets are bought and sold instantly. Including spot markets in the scope of regulation could allow institutional investors, in particular, to become more active.Leveraged spot trading offers the opportunity to increase potential profits but also carries risks. Therefore, the CFTC emphasizes that the regulations aim to both ensure investor protection and maintain market stability.What does it mean for the crypto market?If this plan is implemented, it could usher in a new era for the US crypto market. Currently, many major investors are cautious about the crypto market due to regulatory uncertainty. However, this move will allow cryptocurrencies to be traded in broader, more regulated markets.
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5 Aug 2025
Crypto Move from Corporate Giants: Huge Purchases for TON, ETH, SOL, and BTC
New information released as of August 4th reveals the growing interest of major players in traditional markets in the crypto world. Major assets like TON, Ethereum, Solana, and Bitcoin have already entered the radar of institutional investors. Here are five companies that have announced crypto reserve strategies or made major purchases in the last 24 hours, along with their details:A first for TON on the stock market: Verb Technology acquisitionNASDAQ-listed Verb Technology Co. (VERB) announced that it has signed an exclusive agreement with Kingsway Capital for approximately $558 million. This investment aims to establish the first publicly traded TON strategy firm. Sources familiar with the matter indicate that Kingsway Capital's interest in TON is not new; in fact, founder Manuel Stotz began purchasing TON two years ago. According to a report published by Bloomberg on July 24th, the TON Foundation and Kingsway Capital are also preparing for a new $400 million fundraising process for the Toncoin treasury. Artelo Biosciences Adds Solana to Its ReservesAnother noteworthy development came from the pharmaceutical sector. Nasdaq-listed Artelo Biosciences (ARTL) announced its digital asset reserve strategy centered on Solana (SOL). The company closed a $9.475 million private funding round. This investment made Artelo the first publicly traded pharmaceutical company to include SOL on its balance sheet, making it a cryptocurrency. As part of the funding, shares or options were issued at a price of $10.45, and two three-year options were also available at $10.20 and $50.Ether Reserve Purchases 10,605 ETHEther Reserve LLC, a partnership between The Ether Machine and Dynamix Corporation (DYNX), is continuing its Ethereum accumulation plan. The company purchased an additional 10,605 ETH at an average cost of $3,781. This brings the total amount of ETH accumulated since the beginning of August alone to 345,362. The purchase was financed with $97 million in cash reserves from a previous private funding round. Following the 15,000 ETH purchase last week to celebrate Ethereum's 10th anniversary, this move is seen as a continuation of this long-term strategy.GameSquare's ETH Proceeds-Based Share Repurchase PlanGameSquare, which has attracted attention with its Ethereum revenues, has approved a new share repurchase plan. The company allocated a $10 million fund, equivalent to 2,717 ETH, for the repurchase. This move brings GameSquare's total ETH reserves to 15,630. The company stands out for integrating ETH earnings directly into its balance sheet management strategy.Strategy purchased another 21,021 BTC for $2.46 billion.On the Bitcoin front, the real bombshell came from Strategy. In just one week, the company spent $2.46 billion to purchase 21,021 BTC at an average cost of $117,256. This purchase was made possible by funds previously raised through a 28 million-unit preferred stock offering called "STRC." The company, which raised $2.521 billion through the IPO, continues to demonstrate its commitment to crypto.
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4 Aug 2025
15-Week Rally Ends: Investors Exit BTC and Turn to ADA, SOL, XRP, ETH
According to the latest data from CoinShares, there were net outflows of $223 million from digital asset investment products last week. This development marks the end of a 15-week streak of uninterrupted inflows. While funds experienced a strong inflow of $883 million at the beginning of the week, outflows in the second half of the week turned the overall picture negative.According to experts, this wave of outflows is driven by the hawkish messages from the US Federal Reserve (Fed) and higher-than-expected economic data. CoinShares Research Director James Butterfill stated that the outflow, which exceeded $1 billion on Friday alone, stemmed from a "general risk-off" atmosphere. Butterfill noted that a total of $12.2 billion in inflows over the last 30 days constituted half of the inflows since the beginning of the year, and that the recent outflows could be interpreted as profit-taking.Sharp decline in Bitcoin fundsLast week, $404 million in outflows from Bitcoin-based investment products occurred. This constituted the majority of the total outflows. US-based spot Bitcoin ETFs, in particular, played a leading role in this decline. Data shows that these ETFs saw $642.9 million in outflows on a weekly basis. Nevertheless, a total of $20 billion has flowed into Bitcoin funds since the beginning of the year, demonstrating high investor interest.Positive sentiment continues for Ethereum and some other altcoinsEthereum investment products, meanwhile, extended their positive streak to a 15th week. Last week, these products saw a total net inflow of $133.9 million. This consistent demand for Ethereum marks the longest uninterrupted inflow period since mid-2021.Notable data also emerged on the altcoin front. XRP products closed the week with net inflows of $31.3 million, Solana $8.8 million, Cardano $1.3 million, and Sui $0.8 million. The largest outflows by fund provider came from the following institutions:ARK 21Shares/USA: $442 millionFidelity Wise Origin Bitcoin Fund: $354 millionGrayscale Investments: $243 millionBitwise Funds: $106 millionIn contrast, iShares ETFs led the way, closing the week with $749 million in inflows. However, monthly data shows this fund had a net loss of only $3 million. The US Leads the Way by CountryRegional data, however, reveals that outflows largely originated from the US. US-based funds saw a total outflow of $383 million last week, followed by Germany with $35.5 million and Sweden with $33.3 million.Additionally, significant inflows were noted in some regions:Hong Kong: $170.4 million inflowSwitzerland: $52.4 million inflowCanada: $12.4 million inflowAccording to CoinShares data, total assets under management (AUM) in digital asset investment products reached $215.2 billion. While the majority of these assets are concentrated in US-based funds, iShares ETFs had the largest AUM at $94.8 billion.
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4 Aug 2025
Daily Market Summary with JrKripto August 4, 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.Let's analyze general market conditions together and take a look at the latest valuations.Bitcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in the region of $ 114,000.itcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in titcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the ln.Crypto NewsMarkets have begun fully pricing in two Fed rate cuts by the end of 2025.The SEC will hold crypto 'roundtables' across the US.Fed member KUGLER will resign on August 8.Trump: Firing Powell would shake the market.CryptocurrenciesTop Risers:M → Up 16.3% to $0.49140386ENA → Up 13.2% to $0.61483895KTA → Up 11.5% to $1.07CVX → Up 11.0% to $4.28XLM → Up 9.5% to $0.41381391Top Fallers:PI → Down 4.7% to $0.35611547BDX → Down 3.2% to $0.07316175IP → Down 2.9% to $6.00TKX → Down 2.3% to $5.20IOTX → Down 2.2% to $0.02858162Fear Index:Bitcoin: 59 (Greed)Ethereum: 49 (Neutral)Dominance:Bitcoin: 62.02% ▼ 0.24%Ethereum: 11.64% ▲ 0.86%Total Daily Net ETF InflowsBTC ETFs: -$812.30 MillionETH ETFs: -$152.30 MillionGlobal MarketsWhile US July employment data released on Friday fell short of expectations, sharp downward revisions to June data and the unemployment rate rising from 4.1% to 4.2% caused sell-offs in global stock markets. Following the data, US bond yields, the dollar index, and oil prices declined. However, on the first day of the week, global risk appetite is recovering as expectations for a Fed rate cut rise again and progress is being made in trade negotiations. Buying is notable in US and European futures indices, as well as in Asian stock markets excluding Japan.Following the employment data, Trump fired the Commissioner of the Bureau of Labor Statistics. Furthermore, Fed Member Adriana Kugler resigned before her term expired. These developments raised questions in some market circles about the reliability of the data and the Fed's independence.The VIX index rose to 20.38 on Friday. A sustained reading of 21-22 this week suggests that selling pressure may persist, while a drop below 20 suggests that the reactionary selling may be temporary.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.72 per share, fell 2.33%.Microsoft (MSFT) → $3.9 trillion market capitalization, $524.11 per share, decreased by 1.76%.Apple (AAPL) → $3.02 trillion market capitalization, $202.38 per share, decreased by 2.50%.Alphabet (GOOG) → $2.29 trillion market capitalization, $189.95 per share, decreased by 1.51%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $214.75 per share, decreased by 8.27%.Borsa IstanbulExports increased by 11% to $25 billion in July, while imports increased by 5.4% to $31.4 billion. The foreign trade deficit narrowed by $6.4 billion compared to the previous year. The seven-month deficit is $55.9 billion, while the annual deficit is $88.3 billion. Seasonally adjusted data also point to an improvement in the foreign trade balance.The Manufacturing PMI index fell to 45.9 in July, and demand remains weak. The Istanbul CPI increased by 2.62% in July, representing a 42.5% annual increase. The CPI data, to be released today at 10:00 am, is the most important market agenda for the week. Monthly inflation is expected to be 2.3% and annual inflation is expected to be 33.9%.The BIST-100 closed last week slightly higher at 10,500, with buying activity. On Friday, selling was seen abroad following the weak US employment data. A lower-than-market inflation rate today could lead to buying in the BIST. However, we expect a flat start to the week. Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.86 trillion TL, price per share of 609.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 840.86 billion TL, price per share of 185.8 TL, increased by 0.76%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 611.1 billion TL, price per share of 150.9 TL, increased by 3.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 462.55 billion TL, price per share of 184.3 TL, increased by 1.04%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.88 billion TL, price per share of 69.85 TL, increased by 1.38%.Precious Metals and Currency PricesGold: 4388 TLSilver: 48.68 TLPlatinum: 1725 TLDollar: 40.67 TLEuro: 47.11 TLWe look forward to bringing you the latest updates again tomorrow.
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4 Aug 2025
Investment Giant Turns Bitcoin's Fall Into Opportunity: Buys the Dip
Japan-based investment giant Metaplanet capitalized on the recent Bitcoin market pullback. On Monday, August 5th, the company announced the purchase of an additional 463 BTC. This purchase, made at an average price of $115,895, amounted to approximately 8 billion yen ($53.7 million). This brings Metaplanet's total Bitcoin holdings to 17,595, making it the seventh-largest public Bitcoin holder globally, with over $2 billion in BTC holdings.Institutional Company Launches In AugustMetaplanet became the first public company to announce its Bitcoin purchase in August. This move followed a surge in institutional buying at the end of July, which saw a total of $7.8 billion in crypto assets added to its balance sheets. However, the beginning of August also saw a record daily outflow in spot Bitcoin ETFs: $812 million in outflows in just one day. Despite this volatility, Metaplanet's aggressive strategy remained unchanged. The company's CEO, Simon Gerovich, clearly outlines its long-term goals: to reach 210,000 BTC by the end of 2027. This corresponds to 1% of Bitcoin's maximum supply of 21 million. With Monday's purchase, 8.4% of this target has already been reached.MicroStrategy model being followedMetaplanet's Bitcoin strategy is quite similar to the model pioneered by MicroStrategy. The company recently announced plans to issue $3.73 billion in perpetual preferred shares. This step stands out as a way to raise funds without needing to borrow or dilute existing shares to finance new BTC purchases. It has been stated that investors could be offered annual dividends of up to 6%, depending on market conditions. Targets for 2025 and BeyondMetaplanet is not only maintaining its current position but has also set ambitious targets for the coming years:End of 2025: 30,000 BTCEnd of 2026: 100,000 BTCEnd of 2027: 210,000 BTCCEO Gerovich emphasizes that Bitcoin is seen as a hedge against the Japanese yen, positioning BTC as a strategic reserve against the country's rising public debt and weakening currency.Metaplanet's shares demonstrate that this bold strategy is paying off with investors. The company's share price has increased by 179% since the beginning of 2025, with an increase exceeding 1,390% in the past year. In the first quarter of FY2025, the company reported record revenue and profit: 877 million yen (approximately $6.05 million) in revenue and 593 million yen ($4.09 million) in operating profit. Meanwhile, the corporate race, including Metaplanet, continues unabated. The number of publicly traded companies holding Bitcoin, which was 112 at the end of May, rose to 162 as of the beginning of August.
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4 Aug 2025
Trump's New Tariffs Hit Crypto: A Liquidation Wave Ensues
Crypto markets had a rather stressful start to August. US President Donald Trump's announcement of new tariffs and the strengthening of the dollar unsettled investors. A sell-off in global markets saw cryptocurrencies bear the brunt of this pressure. The global crypto market capitalization fell approximately 4% to $3.74 trillion, with more than 183,000 investors liquidating and closing positions totaling $758 million.Bitcoin hits $114,000, Ethereum drops below $3,600Bitcoin's price fell to $114,200 following Trump's statements. Although it quickly recovered to above $115,000, volatility remained high. Ethereum (ETH), despite being one of last month's biggest gainers, traded in lockstep with BTC, falling sharply from $3,860 to $3,600. During this period, the dollar index (DXY) rose above 100, its highest level since May. This rise was supported by the global liquidity squeeze and the search for safe havens. According to CoinGlass data, this selling wave in the last 24 hours resulted in a total of $758 million in liquidations. Long positions comprised 93% of these liquidations, or $706.6 million. The largest single liquidation was a $13.79 million ETHUSD_PERP position on Binance. This suggests that many investors expected the bull run to continue in August, but the markets moved in the opposite direction.According to market data, Bitcoin recorded profits of between $6 billion and $8 billion at the end of July. This figure is on par with the peaks in March and December 2024 and indicates the third major wave of profit-taking in this bull cycle. New large investors (whales) are seen selling, particularly in areas above $120,000. Bitcoin is trading at $115,035 at the time of writing, while the fear and greed index is neutral.Altcoins are losing ground: DOGE, ADA, and SUI crashedAltcoins' losses have been even more severe. XRP and Solana prices have fallen by more than 7%, while Cardano (ADA) has lost 8% and SUI by 10%. Dogecoin (DOGE) fell 9% to $0.205. Ethereum, the largest altcoin, is trading at $3,627 with a 6% loss.CryptoQuant reports a boom in altcoin futures trading. While Bitcoin dominance has been flat, futures volumes for coins like Ethereum have increased significantly. ETH is up 170% from its recent lows and is only 23% from its peak. Meanwhile, BTC transactions below $10,000 have increased by 10% in the past month, indicating a resurgence of retail investor interest.Trump's new tariffs: Tensions rising in the global economyTrump's new tariff announcements have further escalated tensions in global trade. The US's imposition of a 10% minimum tariff on all countries, along with a 15% additional tax on countries with a trade surplus, has shaken markets. These developments have impacted not only cryptocurrencies but also traditional finance. S&P 500 futures fell nearly 1% Friday morning. Amazon shares also fell 8% in premarket trading after the earnings report fell short of expectations.The failure of major companies like Microsoft and Meta to satisfy investors despite their strong balance sheets has further weakened risk appetite. Meanwhile, today's US employment data is also critical for markets. Only 100,000 new jobs are expected in July, and the unemployment rate is projected to rise to 4.2%.Trump's aggressive economic moves and the Fed's decision to hold interest rates steady have left markets mired in uncertainty. Cryptocurrency investors are currently caught between two fires: concerns about inflation and interest rate policy on one side, and the re-escalation of global trade wars on the other. In the short term, volatility is expected to remain high, prompting cautious investment behavior.
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1 Aug 2025
Daily Market Summary with JrKripto August 1, 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.Bitcoin has moved away from the range it established at the ATH. The decline following the announcement of global tariffs has closed the CME gap for BTC. The $114,000 area appears to be the first short-term support area. Below this level, the $111,800 area serves as the support area. The first upward move will target the $116,000 resistance level.Ethereum, on the other hand, remains stronger than BTC. Still trading within a wide resistance band, ETH is in positive territory up to the $3500 support level. Below this area, support lies at $3200.Crypto NewsCircle will add native $USDC to Hyperliquid, enabling direct deposits and withdrawals.The SEC announced the launch of a project-crypto initiative to modernize securities rules and move markets on-chain.SEC Chairman: Most crypto assets are not securities.SEC Chairman Atkins: I have instructed Commission staff to develop clear rules for crypto distribution, custody, and trading.The Ethereum Foundation announced its goals for the next 10 years: It will work to reach a throughput of 10,000 transactions per second (TPS) and make the network quantum-resistant.VanEck filed an updated version of its spot Solana ETF S-1 application.MicroStrategy filed for a $4.2 billion STRC offering and plans to purchase Bitcoin with the proceeds.Apple's earnings report exceeded expectations.CryptocurrenciesTop Risers:M → Up 13.7% to $0.36795594SAROS → Up 5.3% to $0.38112247ZORA → Up 5.2% to $0.07249998TKX → Up 2.8% to $5.03TFUEL → Up 1.2% to $0.03802554Top Fallers:REKT → Down 25.6% to $0.000991406USELESS → Down 21.1% to $0.24320178KTA → Down 19.6% to $0.94815464SPX → Down 17.6% to $1.64WEMIX → Down 16.9% to $0.76597282.Fear Index:Bitcoin: 69 (Greed)Ethereum: 53 (Neutral)Dominance:Bitcoin: 61.85% ▲ 0.20%Ethereum: 11.94% ▼ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$114.80 MillionETH ETFs: $17.00 MillionGlobal MarketsWe begin the last trading day of the week with weak risk appetite. The Fed kept interest rates steady but maintained its tight stance. PCE inflation data released yesterday exceeded expectations with 2.6% in the headline and 2.8% in the core.US and European stock markets finished the day lower. The decreased risk appetite following the Fed's decision created selling pressure on global markets.US President Trump approved new tariffs effective August 7th. The VIX index increased by 1.2 points to 16.72. Caution remains prevalent in the markets ahead of today's nonfarm payrolls data.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.34 trillion market capitalization, $177.87 per share, down 0.78%.Microsoft (MSFT) → $3.97 trillion market capitalization, $533.50 per share, up 3.95%.Apple (AAPL) → $3.1 trillion market capitalization, $207.57 per share, down 0.71%.Amazon.com (AMZN) → $2.49 trillion market capitalization, $234.11 per share, up 1.70%. Alphabet (GOOG) → $2.33 trillion market capitalization, $192.86 per share, experienced a 2.32% decline.Borsa IstanbulAccording to TÜRK-İŞ data, the hunger threshold increased by 1.1% month-over-month to 26,413 TL in July. The annual increase slightly decreased from 37.6% to 37.3%. The services PPI rose by 4.72% month-over-month and 37.40% year-over-year in June.The Treasury plans to pay a total of 859 billion TL in domestic debt during the August-October period. In August, domestic borrowing of 440.8 billion TL is targeted, compared to the 339 billion TL domestic debt service.Following the announcement of new tariffs by the US, risk appetite in global markets has slightly decreased. Turkey's tariff rate increased by 5 percentage points to 15%. However, the market impact of this increase is expected to be limited. The BIST-100 index closed at 10,743 yesterday, its highest since March 18th. Optimism may remain in the medium term, but a slight sell-off is possible today due to international influences. The market has begun to focus on the CPI data to be released on Monday.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.69 trillion TL, price per share of 554.0 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 852.72 billion TL, price per share of 185.4 TL, decreased by 0.86%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 599.76 billion TL, price per share of 143.3 TL, increased by 0.35%.Koç Holding A.Ş. (KCHOL) → Market value 454.69 billion TL, price per share 183.8 TL, increased by 2.51%.ENKA Construction and Industry (ENKAI) → Market capitalization: 407.99 billion TL, price per share: 69.65 TL, increased by 0.07%.Precious Metals and Currency PricesGold: 4305 TLSilver: 47.60 TLPlatinum: 1662 TLDollar: 40.66 TLEuro: 46.50 TLWe look forward to bringing you the latest updates again tomorrow.
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1 Aug 2025
Strategy Presses Button Again for Bitcoin: Will Raise Another $4.2 Billion
Strategy, a pioneer in institutional Bitcoin investments, plans to sell up to $4.2 billion in new stock to expand its cryptocurrency strategy. According to the company's filing with the U.S. Securities and Exchange Commission (SEC), this capital increase will be made through a new series of preferred stock codenamed "STRC" and will be used primarily to purchase Bitcoin.This new plan follows Strategy's $2.5 billion sale of STRC shares in July. STRC shares, which began trading on the Nasdaq Global Select Market, offer flexible dividend payments aligned with the company's strategic objectives. The first dividend payment was announced on July 31st and will be distributed to shareholders on August 31st.A New Phase in Bitcoin PurchasesAccording to Strategy's CEO, Phong Le, this new stock program is not only a fundraising tool but also a key part of its plan to position Bitcoin as a corporate treasury tool. According to the company, the majority of the funds raised will be used directly for Bitcoin purchases. The remaining portion will be used for general corporate purposes, such as operating expenses and dividend payments on previously issued preferred shares.STRC is a product designed with a variable-interest, perpetual preferred share structure. This structure allows Strategy to raise capital flexibly based on market conditions. Other preferred share programs the company has previously launched, such as STRD, STRK, and STRF, similarly fuel a Bitcoin-based investment strategy.Strategy's Performance in NumbersStrategy reported a net profit of $10 billion in the second quarter of 2025. The company's operating income increased by a remarkable 7,100% year-over-year to $14 billion. This increase was largely due to the appreciation of the company's Bitcoin holdings. Strategy, which currently holds 628,791 BTC, stated that the total value of these holdings is $73.3 billion. In July alone, an additional 21,021 BTC were purchased with the proceeds from the STRC sale. According to the company's statements, the proceeds from the new $4.2 billion sale could purchase approximately 36,000 more BTC at current prices.Saylor's "42/42" plan is in effectThese new share sales are crucial as part of Strategy co-founder Michael Saylor's "42/42" strategic plan, which aims to purchase a total of $84 billion in Bitcoin. The company's aggressive capital-cryptocurrency conversion strategy aims to increase the role of Bitcoin in corporate treasuries and maximize the amount of Bitcoin per share.Phong Le argues that the company is significantly undervalued relative to its market capitalization under this strategy. Despite ranking among the top 10 companies with the highest operating income on the S&P 500 index, Strategy, with its 96th market capitalization, has been described as "one of the most misunderstood and undervalued stocks."
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1 Aug 2025
Daily Market Summary with JrKripto July 31, 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.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged sharply to the $3,950 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsWorld Libertarian Financial invested $10 million in DWF Labs' Falcon stablecoin.Trump on tariffs: The August 1 deadline will not change, the decision is final.Coinbase and JPMorgan Chase announced a partnership to make crypto access even easier.The Fed left interest rates unchanged.Fed Board members Waller and Bowman voted against lowering the interest rate by a quarter point.Microsoft's earnings report exceeded expectations.META's earnings report exceeded expectations.21Shares filed an updated S-1 for the spot Solana ETF.CryptocurrenciesTop Gainers:PUMP → Up 28.5% to $0.0031519REKT → Up 19.7% to $0.00000113ZBCN → Up 16.0% to $0.00581345ENA → Up 14.9% to $0.66352026BRETT → Up 14.8% to $0.05914993Top Losers:EUL → Down 4.6% to $12.82SPX → Down 3.0% to $1.94TRX → Down 2.9% to $0.32527579TEL → Down 2.5% to $0.00522484JST → Down 2.5% to $0.03589195.Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 61.41% ▼ 0.30%Ethereum: 12.17% ▲ 0.73%Total Daily Net ETF InflowsBTC ETFs: $47.10 MillionETH ETFs: $5.80 MillionGlobal MarketsThe Fed held interest rates steady as expected. Chair Powell stated that monetary policy was in good shape and did not signal an imminent rate cut. Following these statements, expectations for a September rate cut dropped from 68% to 35%. Bond yields and the dollar index rose, while stock markets experienced a slight sell-off. The VIX index rose as high as 17.24, but closed the day at 15.48. Two Fed members voted for a 25 basis point cut. The Fed reiterated that it would consider incoming data and economic risks in its decisions. Markets are starting the day cautiously but with a recovery effort.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.37 trillion market capitalization, $179.27 per share, increased 2.14%.Microsoft (MSFT) → $3.81 trillion market capitalization, $513.24 per share, increased 0.13%.Apple (AAPL) → $3.12 trillion market capitalization, $209.05 per share, decreased 1.05%. Amazon.com (AMZN) → $2.44 trillion market capitalization, $230.19 per share, decreased 0.35%.Alphabet (GOOG) → $2.38 trillion market capitalization, $197.44 per share, increased 0.51%.Borsa IstanbulThe domestic unemployment rate rose to 8.6% in June. The labor force participation rate has been flat for the last three months at 53.5%. The economic confidence index fell to 96.3 in July.The BIST-100 index found support at the 10,500 level yesterday. It followed a bullish trend, supported by banking, telecom, and automotive stocks. The strongest contributions came from Turkcell, Ford Otosan, and Koç Holding.The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) meeting summary and Turkish Statistical Institute (TÜİK) foreign trade data will be watched today. Market focus may shift to the July CPI data, which will be released next week. We expect the index to remain flat today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.54 trillion TL, price per share of 504.00 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 822.17 billion TL, price per share of 183.2 TL, increased by 1.61%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 598.08 billion TL, price per share of 144.1 TL, increased by 1.19%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 442.51 billion TL, price per share of 177.3 TL, increased by 1.60%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.59 billion TL, price per share of 69.70 TL, increased by 1.23%.Precious Metals and Currency PricesGold: 4303 TLSilver: 48.26 TLPlatinum: 1718 TLDollar: 40.58 TLEuro: 46.44 TLWe look forward to bringing you the latest updates again tomorrow.
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31 Jul 2025
JPMorgan and Coinbase Partnership Announced: A New Era Begins in 2026
US-based financial giant JPMorgan Chase and cryptocurrency exchange Coinbase have signed a groundbreaking partnership in the digital finance world. As part of this newly announced strategic partnership, users' Chase bank accounts will be directly linked to Coinbase crypto wallets. This connection is expected to be operational in 2026.Direct bank-to-wallet accessThe most striking aspect of the partnership is that, thanks to JPMorgan's secure API infrastructure, Chase customers will be able to directly link their bank accounts to their Coinbase wallets. This will allow users to conduct crypto transactions directly through their banking systems. JPMorgan and Coinbase emphasized that this integration will raise the bar in terms of both security and data privacy in financial transactions.Melissa Feldsher, Head of Payment and Credit Innovation at JPMorganChase, said, “This collaboration with Coinbase will give our customers greater control over their financial future. Thanks to the flexibility provided by our Ultimate Rewards program, users can now securely convert their points into crypto assets.” Credit card and reward points are being converted into cryptoThe two companies' collaboration isn't limited to bank connections. Another feature planned for launch in the fall of 2025 is the availability of Chase credit cards on Coinbase. This step paves the way for the greater integration of traditional financial instruments into the crypto world.Points from JPMorgan's popular "Chase Ultimate Rewards" loyalty program will also be transferred one-to-one to Coinbase accounts. This marks the first time a major credit card rewards program has been used to fund crypto wallets. 100 points can be converted into crypto, worth $1. These features are also planned to launch in 2026.Coinbase's Head of Consumer and Business Products, Max Branzburg, commented on the partnership: "This partnership with JPMorganChase is an important step in making crypto participation more accessible. Together, we are removing the barriers to adoption of blockchain-based financial services by providing consumers with more choice."Coinbase aims to build a more equitable and open financial system through the opportunities offered by the crypto economy. The platform, which currently offers services such as trading, storage, staking, spending, and global transfers to millions of users, also provides infrastructure for projects developing blockchain applications.Coinbase is a US-based platform that offers basic services for users looking to buy and sell cryptocurrencies. The app allows users to trade popular cryptocurrencies, store, and transfer assets. While known for operating in compliance with regulations, it has occasionally been criticized for high transaction fees or delays due to congestion. While it's a popular entry point into the crypto world, it's not a perfect fit for all users.
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30 Jul 2025
Daily Market Summary with JrKripto July 30, 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.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged to the $3,950 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsBitmine, which has attracted attention with its Ether purchases, will repurchase $1 billion of the company's shares.PUMPFUN will increase its token buybacks and allocate 100% of its daily revenue to buybacks. Standard Chartered: Companies buying ETH are just starting out. We expect this figure to increase tenfold from the current level. Their purchases could reach 10% of the ETH in circulation.eToro will launch tokenized US stocks on the Ethereum blockchain.The SEC has accepted an application to allow staking for the BlackRock Spot Ethereum ETF.Trump has given Russia 10 days to reach an agreement with Ukraine.BlackRock predicts the Federal Reserve will not cut interest rates tomorrow.*STRATEGY completed its $2.52 billion STRC IPO and used the proceeds to purchase 21,021 Bitcoin for $117,256.The SEC has approved Bitcoin and Ethereum spot ETFs to be traded in crypto instead of cash.CryptocurrenciesTop Gainers:IOTX → Up 15.8% to $0.02659086XDC → Up 8.2% to $0.0989487B → Up 8.0% to $0.50341485QUBIC → Up 6.1% to $0.00000253SUN → Up 2.6% to $0.02175535Top Losers:CFX → Down 26.0% to $0.19509564BONK → Down 13.0% to $0.00002836SYRUP → Down 12.7% to $0.44805721CKB → Down 12.4% to $0.00585109 CVX → Down 11.8% to $4.19Fear Index:Bitcoin: 74 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.08%Ethereum: 12.05% ▲ 0.43%Total Daily Net ETF InflowsBTC ETFs: $80.00 MillionETH ETFs: $218.60 MillionGlobal MarketsGlobal markets are trading cautiously and sideways ahead of tonight's Fed interest rate decision and tomorrow's BOJ meeting. The Fed is not expected to change interest rates. While risk appetite weakened slightly, the VIX index rose to 15.98, indicating a slight increase in uncertainty. On the trade front, US Treasury Secretary Bessent stated that an agreement in principle has been reached with China to postpone tariffs, but that the final decision rests with Trump. He also stated that no new summit between Xi and Trump is planned, and that the 90-day period is merely an option.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.28 trillion market capitalization, $175.51 per share, down 0.70%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.57 per share, up 0.01%.Apple (AAPL) → $3.16 trillion market capitalization, $211.27 per share, down 1.30%.Amazon.com (AMZN) → $2.45 trillion market capitalization, $231.01 per share, down 0.76%. Alphabet (GOOG) → of $2.37 trillion market capitalization, $196.43 per share, up 1.56%.Borsa IstanbulAccording to TURKBESD data, domestic sales of white goods decreased by 8%, production by 8%, and exports by 5% in the first half of the year. The sector continues to weaken. While the BIST-100 has returned to the 10,500 level, the announced balance sheets generally signal weakness. The June unemployment rate and the July economic confidence index will be released today. The market is focusing on the CPI data to be released next week. A sideways trend is expected on the BIST today.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → With a market capitalization of $1.4 trillion and a per-share price of $458.50, it saw a 9.95% increase. Aselsan Electronics Industries (ASELS) → Market value of 817.61 billion TL, price per share of 178.9 TL, decreased by 0.22%.Turkey Garanti Bank (GARAN) → Market value of 583.8 billion TL, price per share of 141.0 TL, increased by 1.44%.Koç Holding A.Ş. (KCHOL) → Market value of 431.36 billion TL, price per share of 174.6 TL, increased by 2.65%.Turkish Airlines Inc. (THYAO) → Market value of 393.64 billion TL, price per share of 288.25 TL, increased by 1.05%.Precious Metals and Currency PricesGold: 4,335 TLSilver: 49.69 TLPlatinum: 1,811 TLDollar: 40.57 TLEuro: 46.92 TLWe look forward to bringing you the latest updates again tomorrow.
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30 Jul 2025