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Trump Media and Technology Group (TMTG), founded by US President Donald Trump, has made a splashy move in the cryptocurrency world. According to a press release released by the company on Monday, Trump Media has amassed approximately $2 billion in Bitcoin and Bitcoin-related assets. This move aligns with the company's "Bitcoin treasury strategy."Approximately two-thirds of the Florida-based company's $3 billion in liquid assets are now held directly in Bitcoin or BTC-related securities. An additional $300 million has also been allocated for Bitcoin derivatives and options products. The company plans to convert these options directly into Bitcoin over time, depending on market conditions.Devin Nunes: "Securing Our Financial Freedom"Trump Media CEO and President Devin Nunes stated in a statement that they are resolutely implementing their Bitcoin strategy. Nunes stated, "These assets ensure our company's financial freedom. They also act as insurance against potential discrimination from traditional financial institutions." Nunes also stated that the company plans to issue a utility token for use within the Truth Social platform in the future, and that existing crypto assets will create synergy with this process. Crypto Strategy Backed by $2.5 Billion in CapitalTrump Media's aggressive crypto strategy was funded by a private equity and convertible bond offering announced in May 2025. This private funding, totaling approximately $2.5 billion, paved the way for the company to take a long-term position in the digital asset space.The company's vision isn't limited to just buying Bitcoin. The statement noted that Trump Media is preparing to develop exchange-traded funds (ETFs) focused on Bitcoin and Cronos (CRO) through a partnership with Crypto.com. If these funds pass regulatory approval, the company will both expand its product range for investors and become more visible as an institutional player in the crypto market.The company's statement stated that these developments will contribute to future mergers and acquisitions, product launches, and the success of its financial services platforms. However, the company also cautioned investors that "forward-looking statements" involve uncertainty and that not every plan may succeed.
Strategy, a name frequently heard on the institutional side of the cryptocurrency markets, continues its Bitcoin investments without slowing down. Between July 14th and 20th, the company purchased 6,220 Bitcoins for a total of $739.8 million in cash. This purchase, made at an average unit price of $118,940, increased Strategy's BTC holdings to 607,770. Thus, the firm's total Bitcoin investment volume exceeded $43.61 billion, while the market value of its assets reached approximately $71.6 billion.This new purchase was formalized in an 8-K form filed with the U.S. Securities and Exchange Commission (SEC) on July 21st. Strategy had previously attracted attention with its purchase of 4,225 BTC. The company announced that it financed this transaction with a convertible bond issuance in February and excess operational cash reserves. On the Road to Becoming a Cash KingStrategy's Bitcoin reserves have gained a significant position not only in the crypto market but also in the world of traditional finance (TradFi). According to the company's internal analysis, the value of its BTC holdings puts it in the top 10 of the S&P 500 companies in terms of cash and cash equivalents. According to this ranking, Strategy, with approximately $71 billion in BTC reserves, ranks just behind General Motors' $89 billion in cash assets and ahead of ExxonMobil's $67 billion.According to shared charts, Strategy's Bitcoin reserves have surpassed the balance sheet liquidity of Alphabet, Amazon, and even some major energy giants. Once considered niche, cryptocurrency investment now appears poised to rival the cash reserve strategies of the largest companies.Is Bitcoin "digital property"?The company's chairman, Michael Saylor, has long described Bitcoin as "digital property" and a superior store of value compared to cash or Treasury bonds. Strategy continues this strategy by announcing a new BTC purchase almost every Monday. These purchases are financed by the company's operating revenues, stock sales, and occasionally bond issuances.Other institutional players have fallen behindStrategy's aggressive investment approach has inspired other public companies. According to data from The Block, 141 companies, including MARA, Twenty One, Riot Platforms, and Metaplanet, hold BTC reserves of varying sizes. However, none of their portfolios compare to Strategy's. The company's Bitcoin holdings represent approximately 3% of the total supply of 21 million Bitcoins.Investment bank TD Cowen raised Strategy's share price target from $590 to $680. This revision is based on the bank's prediction that the Bitcoin price will reach $155,000 by December 2025. Following the news, Strategy shares gained nearly 2% in pre-market trading, trading at $429. Bitcoin, meanwhile, is trading sideways at $118,301 at the time of writing.
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 within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, and BTC continues to hover around this area. On the downside, the primary support lies at $111,800, while a move to the upside could target the trend resistance at $122,000.Ethereum, meanwhile, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has been in place since 2021. After a sharp rally toward the $3,800 region, ETH has entered this trend zone. A breakout here could signal a strong upward move for Ethereum. In case of a pullback, the $3,500 level is expected to act as support.Crypto NewsThe supply of Ethena's stablecoin, $USDE, has surpassed $6 billion, reaching an all-time high.Trump signed the stablecoin bill into law.Trump on trade agreements: There are major agreements to be announced soon. We have several important trade letters.Mastercard said crypto stablecoins "enable faster, lower-cost cross-border payments."Coinbase stock reached its highest level since its 2021 IPO.US banking giant Charles Schwab announced that it will begin offering trading services for Bitcoin and Ethereum.The total market capitalization of crypto assets has surpassed $4 trillion for the first time.CryptocurrenciesTop Gainers:CFX → Up 93.3% to $0.23443022OM → Up 43.6% to $0.3408515CKB → Up 37.0% to $0.00613046TRAC → Up 32.3% to $0.56129275BLUR → Up 28.6% to $0.1174197Top Losers:FRAX → Down 10.7% to $3.60TKX → Down 6.7% to $8.50USELESS → Down 4.8% to $0.27799262XTZ → Down 4.5% to $1.08CHEEMS → Down 3.9% to $0.0000014.Fear Index:Bitcoin: 72 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.94% ▲ 0.13%Ethereum: 11.81% ▼ 0.16%Total Daily Net ETF InflowsBTC ETFs: $363.50 MillionETH ETFs: $402.50 MillionGlobal MarketsAfter reaching record highs last week, global markets closed the week calmly in the wake of the Japanese elections. The VIX index fell to 16.4, closing near July's lows, indicating that risk appetite remains intact.In the US, the University of Michigan consumer confidence index rose to 61.8 in July. The current conditions index rose to 66.8, and the expectations index rose to 58.6. Inflation expectations fell sharply: the 12-month outlook fell from 5% to 4.4%, and the 5-year outlook fell from 4% to 3.6%.Housing starts increased by 4.6% month-over-month in June, reaching 1.32 million units. This was a 0.5% decrease compared to the same period last year. Building permits, contrary to expectations, increased by 0.2%. The annualized figure reached 1.40 million units.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.21 trillion market capitalization, $172.41 per share, decreased by 0.34%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.05 per share, decreased by 0.32%. Apple (AAPL) → $3.15 trillion market capitalization, $211.18 per share, up 0.55%.Amazon (AMZN) → $2.4 trillion market capitalization, $226.13 per share, up 1.01%.Alphabet (GOOG) → $2.25 trillion market capitalization, $185.94 per share, up 0.67%.Borsa IstanbulDomestically, the Central Bank of the Republic of Turkey (CBRT) will release its July Market Participants Survey today. The Treasury will conduct direct sales of 5-year lease certificates today and 1-year dollar-denominated bonds and lease certificates tomorrow.This week, markets will focus on Thursday's CBRT interest rate decision. Expectations are for a 250 basis point cut to 43.50%. Fitch and Moody's Turkey reports will be monitored on Friday. The expectation of a rating upgrade from Moody's is prominent.The BIST 100 finished flat last week. Bank stocks fell 2.8% on a weekly basis, while Aselsan rose 8%. The insurance and REIT indices also showed positive divergence. The index is expected to trend flat on the first day of the week.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.22 trillion TL, price per share of 363.00 TL, increased by 10.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 757.87 billion TL, price per share of 166.20 TL, increased by 2.66%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 583.8 billion TL, price per share of 139.00 TL, decreased by 1.84%.Koç Holding A.Ş. (KCHOL) → Market value 421.97 billion TL, price per share 166.40 TL, decreased by 1.13%. Turkish Airlines Inc. (THYAO) → Market capitalization: 398.82 billion TL, price per share: 289.00 TL, decreased by 0.09%.Precious Metals and Currency PricesGold: 4361 TLSilver: 49.66 TLPlatinum: 1872 TLDollar: 40.39 TLEuro: 47.00 TLWe look forward to bringing you the latest updates again tomorrow.
According to the latest weekly data from digital asset giant CoinShares, crypto asset investment products experienced the highest weekly inflow in history last week, reaching a record $4.39 billion. With this increase, total inflows since the beginning of 2025 have risen to $27 billion, while assets under management (AuM) have reached an all-time high of $220 billion.Ethereum dazzles, Bitcoin lags behindThis week's star was undoubtedly Ethereum. ETH products nearly doubled their own record with a weekly inflow of $2.12 billion. Total inflows in 2025 reached $6.2 billion, already surpassing the total for 2024. The continuous inflows recorded over the last 13 weeks represent 23% of Ethereum's total assets.As interest in Bitcoin continues, this week saw an inflow of $2.2 billion. While this figure remains below last week's $2.7 billion, BTC remains a favorite among investors. Bitcoin ETPs (exchange-traded products) accounted for 55% of total BTC exchange volume and continued to reflect significant investor interest.Solana, XRP, and Sui shine on the altcoin frontBesides Ethereum and Bitcoin, significant activity was also observed in altcoins. Solana saw notable inflows of $39.1 million, XRP $36.1 million, and Sui $9.3 million. Multi-asset products also saw $16.4 million in outflows. Total monthly outflows for XRP reached $57.3 million. Some projects, such as Litecoin, Cardano, and Chainlink, saw limited inflows. Altcoin data is as follows:Ethereum (ETH): $2,118.7 million inflowSolana (SOL): $39.1 million inflowXRP: $36.1 million inflowSui: $9.3 million inflowCardano (ADA): $0.3 million inflowChainlink (LINK): $0.9 million inflow Geographic distribution: The US alone led the wayThe majority of fund inflows originated in the US. The $4.36 billion inflow from the US alone accounted for almost all of the total weekly flow. Switzerland was in positive territory with contributions of $47.3 million, Hong Kong $14.1 million, and Australia $17.3 million. However, outflows were observed in some countries, such as Brazil (-$28.1 million), Germany (-$15.5 million), and Sweden (-$21 million). iShares tops the charts, Grayscale suffers lossesThe biggest gainer of the week was iShares ETFs, with a massive $4.3 billion in inflows. Grayscale is still in negative territory with $1.3 billion in outflows for the year, despite limited inflows of just $135 million. Other major names like ARK Invest and Fidelity saw mixed results, while CoinShares XBT products also closed the week with $25 million in outflows.
The UK government is preparing to sell more than £5 billion (approximately $7 billion) worth of Bitcoin to address the deficit in its budget. According to The Telegraph, Rachel Reeves, who heads the Home Office and the Treasury, is working with law enforcement to prepare the technical and legal infrastructure to dispose of these massive crypto assets seized by the state.However, this move could impact not only markets but also international relations and legal processes. A significant portion of the Bitcoin in question is linked to a China-based Ponzi scheme discovered in the UK in 2018.The fate of the 61,000 BTC is uncertainWhile the exact number of Bitcoin held by the UK is unknown, it is estimated that 61,000 BTC were seized as a result of the fraudulent activities of a Chinese company called Tianjin Lantian Gerui Electronic Technology, and that this amount, at its current market value, exceeds $7 billion. A woman named Jian Wen, arrested in 2018, was caught trying to buy a luxury mansion in the UK with proceeds from a Ponzi scheme. She was subsequently convicted in 2024 on three separate money laundering charges. British prosecutors are applying to the High Court to return these assets to the public, requesting that the seized Bitcoins be returned to the state.Victims demand their return, government prepares for saleHowever, the Chinese victims and the Chinese government have been making long-standing efforts to have these Bitcoins returned to them. In 2024, a petition submitted to the Chinese Ministry of Foreign Affairs requested diplomatic talks with the UK. While the victims claimed they lost yuan (Chinese currency), not Bitcoin, as a result of the scam, the UK's current possession of BTC presents a complex legal situation. Susie Violet Ward, CEO of Bitcoin Policy UK, a crypto policy group, shared the following on X (formerly Twitter): “The sale of these Bitcoins is not legally possible because there is still controversy. The news itself is sensational, but it is far from reality.”Crypto NGOs ReactAnother comment on the matter came from Freddie New, head of policy at Bitcoin Policy UK. New stated that if a sale were to take place, it could only be carried out under "proceeds of crime law," that court decisions would be awaited first, and that compensation for the victims would be a priority. He also stated that they had previously written to the government requesting that these valuable crypto assets be held as strategic reserves rather than sold out, but these requests went unanswered.Jordan Walker, founder of the crypto advocacy group Bitcoin Collective, wrote an open letter to the government, warning that this sale could have long-term negative impacts on the UK's economic standing. At the time of writing, Bitcoin is changing hands at $119,400, quite close to the $120,000 levels.
The growing interest of institutional players in the cryptocurrency world is evident in notable new investments. Recent announcements from three different companies provide insights into the importance of cryptocurrencies in the market. New York Stock Exchange-listed Enlightify (ENFY), artificial intelligence-focused hedge fund Numerai, and crypto mining infrastructure-renowned Bit Origin (BTOG) are all making headlines with their strategic moves in the crypto market.Enlightify Eyes CYBER TokenActivating in line with its digital transformation goals, Enlightify announced that it will purchase $20 million in CYBER tokens from the open market over the next 12 months. This investment makes the company the first publicly traded company to directly invest in CYBER.CYBER has recently been attracting the attention of institutional investors, particularly for its Web3-based digital identity solutions. The project, which stands out with its community growth and technological infrastructure, has already caught the attention of traditional players like Enlightify. The company's CEO emphasized that this move is part of their long-term growth goals and their confidence in CYBER's innovative solutions. Numerai Strengthens Its Ecosystem with NMR BuybackNumerai, an AI and crowdsourcing-based hedge fund, announced the launch of a $1 million buyback program for its native token, Numeraire (NMR). The fund, which has increased its assets under management from $173 million to $441 million in the past year, is investing in its ecosystem to support this growth. Numerai's "Stake-Weighted Meta Model" strategy, which combines models trained with users' staked NMR tokens, is reinforcing the platform's success. The limited token supply and the anticipated decline in staking rewards make this buyback a significant move.Bit Origin Enters the Investment Stage with a DOGE TreasuryAnother notable move came from Bit Origin. The company announced that it has secured up to $500 million to establish an institutional treasury focused on Dogecoin (DOGE). $400 million of this funding will be raised from equity sales and $100 million from convertible debt securities.According to CEO Jinghai Jiang, this initiative demonstrates that the company is not limited to mining infrastructure alone, but is exploring the value and potential of Dogecoin itself. DOGE's high transaction speed, global community, and the payment infrastructure developed under the influence of Elon Musk support Bit Origin's strategic direction.The company also highlights Dogecoin's future potential on the X platform. DOGE's role in Musk's global super app vision appears to have been a determining factor in Bit Origin's investment decision.Bitcoin and Ethereum investments also attracted attentionAnother firm that strategically increased its Bitcoin investments was Canada-based Planet Ventures. With its latest purchase, financed from existing cash reserves, the company purchased 3,016,391,23 Bitcoin, bringing its total holdings to 25,829,354,69 BTC. This purchase was reportedly made for $500,000 Canadian dollars, reflecting the company's belief in Bitcoin as a long-term store of value. Planet, which offers transparency to investors through its publicly traded shares, has reached an asset concentration of approximately 12.53 satoshis, based on its over 206 million shares. This represents an impressive 670% increase compared to the June 26th purchase.Meanwhile, Nasdaq-listed Bit Digital has taken institutional interest in Ethereum to the next level. Following its recent $67.3 million capital raise, the company acquired approximately 19,683 ETH, bringing its total Ethereum holdings to 120,306. According to CEO Sam Tabar, Ethereum is not just a digital asset; it is also a new cornerstone of the global financial infrastructure. Bit Digital places ETH at the center of its long-term strategy, investing its assets through staking to both contribute to network security and generate returns.
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It has made a clear break above the $3500 level and is now trading near the $3700 resistance area.Crypto NewsSharpLink Gaming has filed for a $5 billion share sale to acquire more ETH. The US House of Representatives has passed the latest crypto bill, Anti-CBDC. The bill, which bans the Fed from issuing digital currencies, will be sent to the Senate.The US House of Representatives has formally passed the crypto bill CLARITY.The House Passes the Crypto Market Structure Bill, Sends it to the Senate.The US House of Representatives has also passed the other crypto bill, GENIUS.Blackrock has applied to add staking to its Ethereum ETF.NASDAQ has submitted a proposal to allow staking for the iShares Ethereum Trust.CryptocurrenciesTop Gainers:TKX → Up 62.1% to $10.96GIGA → Up 25.5% to $0.02435242LDO → Up 22.6% to $1.14SNEK → Up 20.5% to $0.004006UNI → Up 19.4% to $10.62Top Losers:CVX → Down 14.2% to $4.49CHEEMS → Down 9.2% to $0.0000015DEXE → Down 6.4% to $7.98BONK → Down 6.3% to $0.00003593USELESS → Down 6.0% to $0.32065324 Fear Index:Bitcoin: 73 (Greed)Ethereum: 55 (Greed)Dominance:Bitcoin: 61.73% ▼ 0.82%Ethereum: 11.26% ▲ 2.18%Total Daily Net ETF InflowsBTC ETFs: $514.80 MillionETH ETFs: $584.80 MillionGlobal MarketsGlobal risk appetite is generally strong. US and European futures indices are bullish, while Asia is flat. The VIX index fell to 16.5, returning to last week's average. This suggests that risk appetite is increasing due to the better-than-expected US retail sales, employment data, and earnings figures.In the US, retail sales increased by 0.6% month-over-month in June, exceeding expectations (0.1%), while sales excluding automotive and gasoline also rose by the same amount. The control group, which reflects economic growth, also increased by 0.5%. Unemployment claims fell below expectations at 221,000 for the week of July 12th. Thus, while the labor market remains positive, the four-week average number of claims also declined. However, continuing claims, at 1.96 million, remain above 1.9 million since May.Most Valuable Companies and Stock Prices• NVIDIA (NVDA) → $4.22 trillion market capitalization, $173.00 per share, increased by 0.95%.• Microsoft (MSFT) → $3.8 trillion market capitalization, $511.70 per share, increased by 1.20%. • Apple (AAPL) → $3.14 trillion market capitalization, $210.02 per share, down 0.07%.• Amazon (AMZN) → $2.38 trillion market capitalization, $223.88 per share, up 0.31%.• Alphabet (GOOG) → $2.23 trillion market capitalization, $184.70 per share, up 0.51%.Borsa IstanbulThe Borsa Istanbul stock market saw a 2.5% rise yesterday, noting strong inflows. The index is expected to head towards the 10,450/10,500 resistance zone. With net foreign inflows of $1.1 billion in June, total inflows reached $1.9 billion in the first half of the year.Home sales in June increased by 35.8% year-over-year to 107,723. However, there was a 5.3% month-over-month decrease in seasonally adjusted terms. Mortgaged sales increased by 112.6% annually. Sales to foreigners increased by 8.7%. Housing prices increased by 2% in June, with an annual increase of 32.8%, and a real decrease of 1.7%.Short-term external debt stock increased by 1.2% in May, reaching $170.3 billion. Total external debt with a maturity of one year or less reached $222.3 billion. The stock market is expected to see strong buying activity today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 10.0%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%. • Garanti Bank of Turkey (GARAN) → 562.38 billion TL market capitalization, 134.90 TL per share, increased by 0.75%.Koç Holding A.Ş. (KCHOL) → 408.28 billion TL market capitalization, 161.60 TL per share, increased by 0.37%.Turkish Airlines Inc. (THYAO) → Market capitalization: 393.3 billion TL, price per share: 289.00 TL, increased by 1.40%.Precious Metals and Currency PricesGold: 4331 TLSilver: 49.79 TLPlatinum: 1905 TLDollar: 40.37 TLEuro: 46.96 TLWe look forward to bringing you the latest updates again tomorrow.
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically healthy pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It made a clear break above $3,400 and is now trading near the $3,500 resistance level.Crypto NewsThe BlackRock Ethereum ETF saw $500 million in inflows yesterday.ETH broke above $3,400 for the first time since February.Holders of Trump's World Liberty Financial cryptocurrency have voted to make the token tradable.The US House of Representatives has formally passed the Anti-CBDC Act, the Genius Act, and the Clarity Act.Investors are pricing in a greater than 50% chance that the Fed will cut interest rates in September.Windtree Therapeutics will purchase $200 million worth of BNB for its treasury.Bank of America: "The company will collaborate with some stablecoins."CryptocurrenciesTop Gainers:FLOKI → Up 34.6% to $0.0001343CRV → Up 23.7% to $0.98030287MEW → Up 23.6% to $0.00397761BONK → Up 21.7% to $0.00003807TOSHI → Up 18.3% to $0.0007296Top Losers:TKX → Down 27.6% to $6.74PUMP → Down 19.0% to $0.00531582M → Down 18.0% to $0.3304374KTA → Down 12.7% to $0.74222945PENGU → Down 10.4% to $0.03000343Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.08% ▲ 0.05%Ethereum: 10.82% ▼ 0.56%Total Daily Net ETF InflowsBTC ETFs: $799.40 MillionETH ETFs: $726.60 MillionGlobal MarketsMarkets are experiencing volatility due to concerns about the Fed's independence and its balance sheet announcements. Rumors that Trump will fire Fed Chair Powell sent the VIX volatility index to 19.5, but the index closed at 17.2 after Trump denied the news.In the US, the June PPI remained unchanged on a monthly basis, while the annual increase slowed from 2.7% to 2.3%. Industrial production increased by 0.3%, exceeding expectations, and capacity utilization rose to 77.6%. Mortgage applications fell by 10%, recording their sharpest weekly decline since mid-April; the 30-year mortgage rate rose to 6.82%.As the Trump-Powell tensions continue, global markets are seeing negative US futures, positive European futures, and mixed Asian futures.Most Valuable Companies and Stock Prices:NVIDIA (NVDA) → $4.18 trillion market capitalization, $171.37 per share, up 0.39%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.62 per share, down 0.04%Apple (AAPL) → $3.14 trillion market capitalization, $210.16 per share, increased by 0.50%Amazon (AMZN) → $2.37 trillion market capitalization, $223.19 per share, decreased by 1.40%Alphabet (GOOG) → $2.22 trillion market capitalization, $183.77 per share, increased by 0.37%Borsa IstanbulFollowing a positive opening yesterday at Borsa Istanbul, the BIST 100 index fell nearly 3% following news of Israel's strike on Damascus. It then recovered nearly 2%, closing the day with a 1.02% loss at 10,121 points. Reaction buying may continue today. Resistance levels at 10,300 and 10,450, and support levels at 10,000 and 9,800 should be closely monitored.In June, the central government budget posted a deficit of 330.2 billion TL. This figure was below the Treasury's cash deficit but above the same month last year. The primary deficit was 54.5 billion TL, bringing the total deficit in the first half of the year to 980.5 billion TL, and the 12-month cumulative deficit to 2.3 trillion TL.Companies with the Highest Market Capitalization on Borsa Istanbul:QNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 3.83%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%Türkiye Garanti Bankası (GARAN) → Market capitalization of 562.38 billion TL, price per share of 134.90 TL, increased by 0.75%Koç Holding A.Ş. (KCHOL) → Market capitalization of 408.28 billion TL, price per share of 161.60 TL, increased by 0.37%Turkish Airlines Inc. (THYAO) → Market capitalization of 393.3 billion TL, price per share of 289.00 TL, increased by 1.40%Precious Metals and Currency Prices:Gold: 4322 TLSilver: 49.01 TLPlatinum: 1836 TLDollar: 40.25Euro: 46.82 TLWe look forward to bringing you the latest updates again tomorrow.
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.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance at $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. A reversal from $117,900 could lead to a move back into the trend zone. In the opposite scenario, the $114,000 support level will be decisive in the short term.Ethereum continues to test the critical areas mentioned in the analysis, and even price above them.Crypto NewsStandard Chartered, through its UK subsidiary, has begun offering spot trading services for Bitcoin and Ethereum to institutional clients. The bank is the first major global bank to offer this service. (Reuters)A whale, who began selling from his 80,000 Bitcoin holdings, sent another 40,000 BTC worth $4.6 billion to Galaxy Digital.ProShares is launching ETFs targeting double the daily returns of Solana (SOL) and XRP.Donald Trump: Inflation has arrived. The Fed must lower interest rates. And now.SharpLink Gaming announced it holds 280,706 ETH.CryptocurrenciesTop Gainers:COW → Up 21.7% to $0.44006204ENS → Up 19.3% to $26.55CVX → Up 15.9% to $4.45BSV → Up 15.5% to $29.84TEL → Up 13.8% to $0.00647608Top Losers:TKX → Down 15.5% to $9.15M → Down 8.2% to $0.39629311FARTCOIN → Down 4.6% to $1.21EUL → Down 4.0% to $13.23FUN → Down 3.2% to $0.0214798Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▲ 0.08%Ethereum: 10.31% ▼ 0.05%Total Daily Net ETF InflowsBTC ETFs: $403.10 MillionETH ETFs: $192.30 MillionGlobal MarketsThe inflation data released in the U.S. yesterday for June came in slightly above expectations. The Consumer Price Index (CPI) rose by 0.3% on a monthly basis, while annual inflation reached 2.7%, compared to the forecast of 2.6%. Core inflation, which excludes food and energy, increased to 2.9% year-over-year.Rising energy and food prices played a key role in the uptick. Following the data, expectations for a Federal Reserve rate cut this year have weakened, with markets now pushing their projections to the fourth quarter of 2025. There is even growing speculation that rate hikes could be back on the table later this year.After the inflation data, the VIX index edged up slightly to 17.4, signaling a modest deterioration in risk sentiment. Despite this, global markets opened the day on a positive note, with buying activity observed in U.S. and European futures as well as Asian markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.70 per share, up 4.04%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.82 per share, up 0.56%Apple (AAPL) → $3.12 trillion Market capitalization, price per share: $209.11, up 0.23%Amazon (AMZN) → Market capitalization: $2.4 trillion, price per share: $226.35, up 0.29%Alphabet (GOOG) → Market capitalization: $2.21 trillion, price per share: $183.10, up 0.16%Borsa IstanbulThe Treasury borrowed a total of 90.3 billion TL in auctions held on Monday. The average compound yield on 2- and 5-year fixed-coupon bonds was 40.80% and 36.15%, respectively.Today, May service and construction production indices, private sector foreign loan debt, and June budget balance data will be released.Selling pressure was prominent in banking stocks on Monday. Today, however, may be a day where foreign influences will be closely monitored due to high inflation data in the US and geopolitical developments. We expect a flat trend in the BIST-100.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 989.09 billion, price per share of TL 295.25, increased by 1.37%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of TL 709.08 billion, price per share of TL 155.5, increased by 0.97%Türkiye Garanti Bankası (GARAN) → Market capitalization of TL 577.5 billion, price per share of TL 137.5, decreased by 3.31%Koç Holding A.Ş. (KCHOL) → Market capitalization of TL 417.16 billion, price per share of TL 164.5, decreased by 0.66%Türk Hava Yolları A.O. (THYAO) → Market capitalization 401.58 billion TL, price per share 291.00 TL, decreased 0.68%Precious Metals and Currency PricesGold: 4314 TLSilver: 49.06 TLPlatinum: 1754 TLDollar: 40.24 TLEuro: 46.77 TLWe look forward to bringing you the latest updates again tomorrow.
Cryptocurrency exchange BigONE announced that it suffered a loss of approximately $27 million following an attack on its hot wallets on July 16, 2025. However, the platform stated that user funds were safe and that all losses would be covered.According to BigONE's statement, the attack was discovered early in the morning thanks to "unusual activity." Technical investigations revealed that the incident was a third-party attack, carried out through the hot wallet infrastructure. The company reported that it had identified the attack path and isolated the vector. Extensive loss: BTC, ETH, SHIB, and moreAmong the assets lost in the attack were large volumes of cryptocurrencies. According to the statement, the stolen assets include:120 BTC350 ETH9.5 billion SHIB7.1 million USDT (multi-chain)538,000 DOGE1,800 SOL1 WBTC20,730 XIN15.7 million CELR25,487 UNI16,071 LEOIt was determined that the attackers attempted to move the funds across multiple blockchain networks, including Bitcoin, Ethereum, Tron, Solana, and BNB Chain. Blockchain security firm SlowMist stepped in at this point and began tracking the assets and is working with the exchange to manage the process.Although the attack targeted the hot wallet infrastructure, according to BigONE and SlowMist, the private keys of the wallets were not affected. SlowMist stated in a statement that the attackers gained access to the exchange's infrastructure and altered the logic of some risk control systems, enabling unauthorized transfers. This is described as a "supply chain attack": external malware has been inserted into the system, manipulating transaction logic.Full compensation to usersBigONE has pledged to cover all losses through its own internal reserves and external borrowing. User balances will be fully protected, particularly through the use of high-liquid assets such as BTC, ETH, SOL, USDT, and XIN. The exchange stated that deposits and trading operations will be reactivated soon. However, it was stated that withdrawals will be postponed until additional security updates are completed. The exchange also expressed its regret for the impact of this incident on users and emphasized that all details of the investigation will be shared transparently.ZachXBT, a well-known on-chain researcher in the crypto world, showed little empathy towards BigONE. In a post on X (formerly Twitter), he claimed that the exchange had previously processed significant volumes of illegal activities such as "pig butchering" scams, fake investment projects, and romance scams. Therefore, he stated that he did not regret the losses suffered by the exchange. Meanwhile, according to market data, BigONE attracted attention with a trading volume of $684 million in the 24 hours following the incident. Founded in China in 2017, the exchange currently operates from the Seychelles.
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 updated its current ATH to $123,800 as of yesterday. As mentioned in our BTC analysis, we stated that it would be beneficial for the price to pull back from the resistance zone after reaching it. BTC, which has been revisiting its ATH for several days, has now broken through a key resistance area. The $115,000 zone will be closely watched.Ethereum, as seen in the chart we shared in yesterday's updated analysis, experienced a pullback after a trend reversal. As long as it remains above the $2,880–$2,900 region, the positive outlook will continue.Crypto NewsStandard Chartered has begun offering spot trading services for Bitcoin and Ethereum to corporate clients through its UK subsidiary. The bank has become the first major global bank to offer this service. (Reuters)The Federal Reserve and US regulators issued a statement confirming that banks are allowed to hold Bitcoin and other cryptocurrencies.Ondo Finance is accelerating development of a full-stack RWA platform with the acquisition of Strangelove.MicroStrategy purchased 4,225 Bitcoin at an average price of $111,827 between July 7 and July 13.CryptocurrenciesTop Gainers:FUN → Up 15.2% to $0.02259278USELESS → Up 13.3% to $0.34701556BDX → Up 11.5% to $0.06992641INCH → Up 11.2% to $0.34411542BONK → Up 7.4% to $0.00002875Top Losers:M → Down 26.6% to $0.41467673MOG → Down 15.1% to $0.00000158KTA → Down 14.7% to $0.79702945DOG → Down 11.3% to $0.00400906CRO → Down 10.7% to $0.10273858Fear Index:Bitcoin: 73 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 64.37% ▼ 0.23%Ethereum: 9.87% ▲ 0.26%Total Daily Net ETF Inflows:BTC ETFs: $297.40 millionETH ETFs: $259.00 millionData to Watch Today3:30 PM – Core Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%3:30 PM – Consumer Price Index (CPI) (Annual) (June)Expectation: 2.6% | Previous: 2.4%3:30 PM – Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%All Day – Turkey: Democracy Day – HolidayGlobal MarketsMarkets are focused on today’s U.S. June inflation data. Rising trade tensions and uncertainties are keeping investors cautious, while the market’s overall response to tariff threats has been limited. Bond yields in the U.S. and Europe rose slightly; U.S. stock markets moved higher, while Eurozone stocks declined slightly.In response to Trump’s announcement of a 30% tariff, the EU announced it would take countermeasures if no agreement is reached by August 1st. However, the EU Trade Commissioner noted that negotiations were ongoing. Regarding Mexico, the White House clarified that the tariff would not apply to products covered by the USMCA.Most Valuable Companies and Stock PricesNVIDIA (NVDA): $4T market cap | $164.07 per share ▼ 0.52%Microsoft (MSFT): $3.74T market cap | $503.02 per share ▼ 0.06%Apple (AAPL): $3.12T market cap | $208.62 per share ▼ 1.20%Amazon (AMZN): $2.4T market cap | $225.69 per share ▲ 0.30%Alphabet (GOOG): $2.21T market cap | $182.81 per share ▲ 0.83%Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR): 989.09B TL | 295.25 TL/share ▲ 1.37%Aselsan Elektronik Sanayi (ASELS): 709.08B TL | 155.5 TL/share ▲ 0.97%Türkiye Garanti Bankası (GARAN): 577.5B TL | 137.5 TL/share ▼ 3.31%Koç Holding A.Ş. (KCHOL): 417.16B TL | 164.5 TL/share ▼ 0.66%Türk Hava Yolları A.O. (THYAO): 401.58B TL | 291.00 TL/share ▼ 0.68%Precious Metals and Currency PricesGold: 4,349 TLSilver: 49.48 TLPlatinum: 1,784 TLUSD/TRY: 40.22 TLEUR/TRY: 47.05 TLWe look forward to bringing you the latest updates again tomorrow.
Standard Chartered, the UK-based multinational bank, has made another move into the cryptocurrency sector. The bank announced the launch of a spot trading service for Bitcoin (BTC) and Ethereum (ETH) for its corporate clients.Standard Chartered stated in a statement that it is the first "globally systemically important" bank to offer a regulated, secure, and scalable spot trading service for Bitcoin and Ethereum. This new service allows institutions to trade digital assets through familiar foreign exchange (FX) interfaces. Additionally, non-deliverable forwards (NDF) will be available for crypto assets in the near future. The bank's CEO, Bill Winters, stated:"As client demand grows rapidly, we want to ensure they can execute crypto asset transactions safely and efficiently, within regulatory frameworks."Crypto transactions will be facilitated through FX infrastructureOne of the most striking aspects of the new service is its integration with Standard Chartered's existing FX trading infrastructure. This allows institutional investors to trade digital assets using the systems they are already familiar with. This allows for a seamless transition to cryptocurrency.The bank also offers investors flexibility regarding where and how they store their crypto assets. Clients can choose a custody service of their choice or utilize the bank's own developed custody solutions. This multi-custodial infrastructure offers investors a wide range of options in terms of both security and regulation.Custody service previously launched in the UAEStandard Chartered accelerated its cryptocurrency efforts in 2023. Last September, the bank launched a regulated custody service for Bitcoin and Ethereum in the United Arab Emirates. This move demonstrates the institution's long-term vision for the crypto space, and this vision has now been further advanced with the launch of a spot trading service in the UK.Cryptoassets, once considered speculative instruments, are now becoming integrated financial products that can be traded at an institutional level. This move by the bank could serve as an example for other major financial institutions.
While the week started quickly in the cryptocurrency market, the start of "Crypto Week 2025" has become a sell-the-news event. Bitcoin (BTC) has retreated approximately 5% from its recent all-time high of $123,000. Similarly, leading altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) have lost value by between 3% and 8%.This decline in Bitcoin, in particular, has triggered a large-scale selling wave in the market. According to Coinglass data, a total of $681 million in positions were liquidated in the last 24 hours, $406 million of which originated from long positions. This market-wide pullback is driven not only by profit-taking but also by concerns about upcoming US inflation data. Massive Transfer from the Satoshi Era: $2 Billion in BTC MovementAmidst the market turmoil, another noteworthy development occurred: a Satoshi-era "Bitcoin whale" transferred approximately 18,643 BTC (worth approximately $2 billion) to Galaxy Digital. According to LookonChain, 2,000 BTC of these assets have already been transferred to exchanges like Bybit and Binance. This move is likely profit-taking. The relevant wallet reportedly still holds 80,009 BTC, with a current market value of approximately $9.46 billion. Such whale movements have the potential to increase market volatility and are closely watched by investors.Sharp Drop in AltcoinsAltcoins, which have seen double-digit gains in recent weeks, have also retreated, similar to Bitcoin. Ethereum has fallen below the $3,000 level, and XRP has fallen below the $3 psychological resistance level. In other words, it appears the sustained rally investors are anticipating hasn't materialized yet.Inflation data will be decisiveMarkets are now focused on the June Consumer Price Index (CPI) and Producer Price Index (PPI) data from the US. These figures are expected to be released tomorrow, July 16. Economists predict annual inflation will rise from 2.4% to 2.6%. If these forecasts come true, selling pressure on risk assets could intensify.Critical support zone for BitcoinAccording to Glassnode data, Bitcoin spot trading volume has increased by 50% since July 9, indicating growing investor interest. Specifically, 189,590 BTC were purchased in the $114,000-$117,500 range. This zone represents a strong support area for Bitcoin.Bitcoin is currently trading at $117,209. Although it has fallen from its recent peak, a roughly 9% rise since early July remains in place. Analysts predict that BTC could retreat to $115,000 in the short term before retesting $120,000.However, higher-than-expected inflation data could reverse this scenario. In such a scenario, the BTC price could fall to $110,000, temporarily ending the current uptrend.
Three major banking regulators in the United States have issued an important statement regarding banks' relationship with crypto assets. The Federal Reserve (Fed), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) reiterated that banks must comply with existing laws and risk management principles when custodial crypto assets on behalf of their customers.The statement emphasized that the risks banks may face when offering crypto asset custody services should be carefully evaluated, just as with any other new product or service. The institutions clarified in their statements that this statement does not create any new regulatory expectations. Instead, it aims to remind banks of how existing laws and regulations should apply to crypto asset custody activities.Critical issues banks should be aware of include cybersecurity vulnerabilities, cryptographic key protection, and the management of sensitive data. The agencies' joint statement stated, "A banking institution planning to provide crypto asset custody services should consider the continuous evolution of the crypto asset market and the technology underlying these assets and establish a flexible risk management framework accordingly."Regulators also emphasized that effective anti-money laundering regulations, audit processes, software infrastructure, and governance controls are required to ensure these activities operate within legal frameworks."Crypto Week" has begunThis announcement came as part of the US House of Representatives' "Crypto Week." Various cryptocurrency-related bills are expected to be voted on this week, and comprehensive regulations are expected to take shape. The new legal frameworks aim to establish clearer rules for the cryptocurrency market.Meanwhile, US crypto policies are being reshaped with the change of presidency. The regulatory changes introduced by the Trump administration indicate a significant easing of restrictive regulations implemented during the previous Biden administration. Notable examples of these changes include the OCC's announcement in May that US banks could trade crypto assets for their own accounts, and the FDIC's lifting of the requirement for banks to provide advance notice for crypto activities.The appointment of individuals known to be crypto-friendly to the helm of regulatory bodies is another indicator of this political shift. Jonathan Gould, appointed to the OCC by the Senate last week, previously served as general counsel at Bitfury.The increasing involvement of banking institutions in the crypto space demonstrates the increasingly clear-cut nature of the US's approach to the crypto industry. However, regulators continue to emphasize the need for banks to exercise caution and effectively manage technology-based risks during this process.
BTC Technical AnalysisThe BTC chart displays two ascending trends, one of which appears in the lower zone since August 2024. The other one, located in the upper zone of the price, is the resistance trend coming from December 2024. The price of the coin is constantly improving its momentum with a new ATH level each time and testing the resistance around $117,000 - $121,000. This resistance level also intersects with the trend mentioned earlier.In times of such high volatility and strong momentum, trends like this can demonstrate divergence in the targets, both during bull and bear periods—and this is what we see today. The target of the pattern can be determined by the direction of the breakout. Looking at the Fibonacci levels, it can be said that the levels of $143,000 - $146,000 could be the next targets.Keep in mind that price pullbacks after such great price jumps should be considered healthy and important for creating opportunities. The levels you see on the chart are major support and resistance levels. BTC Current Outlook 🔼 Resistance Levels$121,745 → First strong resistance$127,877 → Middle-term target$136,949 → Upper zone resistance$143,667 → Main target🔽 Support Levels$117,945 → First support (key level)$111,800 → Middle-term support$107,353 → Deeper correction supportThese analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the trades.
