© 2025 All rights reserved
News
Politics News
Politics News
Browse all Politics related articles and news. The latest news, analysis, and insights on Politics.
Coinbase, Uniswap, Solana, and 5 Other Companies Join Forces for Crypto in Washington
The crypto industry's most powerful companies and lobbying groups have taken a new step to deepen their relationships with policymakers in the US. Industry giants such as Coinbase, Kraken, Uniswap Labs, Paradigm, Andreessen Horowitz, the Solana Policy Institute, and the Digital Currency Group (DCG) have announced the establishment of a nonprofit called the American Innovation Project (AIP).The new organization aims to provide direct information to US politicians and officials on not only cryptocurrency but also artificial intelligence and other decentralized technologies. Julie Stitzel, DCG's vice president of policy, said that the AIP aims to "bridge the gap between policymakers and the public by translating complex technological developments into understandable and actionable insights."Establishing an Education-Focused, Nonpartisan StructureOne of the AIP's key strengths is its focus on education and its emphasis on political neutrality. Stitzel stated that the organization will complement its existing lobbying efforts, but aims to inform, rather than influence, lawmakers. AIP will operate in the US under 501(c)(3) status. This legal status places it in the same category as churches, museums, and schools, providing tax exemption. However, according to IRS regulations, such organizations are required to engage in limited political lobbying activities.The organization's board of directors includes some of the most influential lobbyists in the industry. Solana Policy Institute President Kristin Smith, Blockchain Association COO Allie Page, and Coinbase policy strategist Nick Carr will serve on AIP's board.Crypto Regulation Emerges in WashingtonAIP's establishment comes at a time when crypto regulations are accelerating in the US. Last month, President Donald Trump signed a bill establishing a federal framework for stablecoins. The House of Representatives passed a comprehensive bill broadly regulating the crypto sector. The SEC has also launched a new initiative called "Project Crypto" to update rules regarding token distributions, custody solutions, and trading activities. During this period, the AIP will organize various events to help policymakers make more informed decisions about technology. According to the statement, the organization will bring together industry representatives and legislators through closed-door sessions, workshops, and roundtable discussions.First Event: Jackson Hole SummitAIP's inaugural event will be held concurrently with a special crypto policy summit in Jackson Hole, Wyoming. Co-hosted by Anthony Scaramucci's SALT conference and Kraken, the event will host high-level politicians and regulators. Attendees include Senate Banking Committee Chairman Tim Scott, Wyoming Senator Cynthia Lummis, SEC Chairman Paul Atkins, and Fed Vice Chair Michelle Bowman.Kristin Smith, President of the Solana Policy Institute and President of the AIP, said, "Our goal is simple yet urgent: to equip America's leaders with the knowledge and tools to make the right decisions in a rapidly evolving technological environment."
·
19 Aug 2025
Daily Market Summary – August 19, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewAs it did yesterday, Bitcoin continued its decline after the ATH, falling to the $115,000 region. We can say it found short-term support in this region, but in a downward breakout scenario from the $114,000-$115,000 area, the $111,800 level and then the $107,300 support level are potential reversal levels. It's worth noting that the $117,300 area is the target area after a recovery.On the Ethereum side, we see that after a breathless rise to the $4,800 region, it is undergoing a natural pullback. The $4,250, $4,180, and $4,070 levels serve as sequential support points. The price will target the $4,400 area during the initial price reversal.Crypto NewsSouth Korea's financial regulator will submit its stablecoin regulatory proposal in October.BitMine announced last week that it purchased more than 370,000 ETH ($1.6 billion), bringing its total ETH holdings to 1,520,000 ($6.5 billion).Microstrategy purchased 430 BTC.The SEC postponed applications for the Truth Spot Bitcoin and Ethereum ETFs.The Trump administration is in talks to acquire a 10% stake in Intel.The U.S. Treasury Department has begun collecting public input on the GENIUS Act, which is intended to detect illicit digital asset activity.CryptocurrenciesTop GainersBIO → Up 10.0% to $0.13612067OKB → Up 9.1% to $125.47WEMIX → Up 9.1% to $0.87168974TRIBE → Up 8.5% to $0.66552645AB → Up 8.0% to $0.00960592Top LosersUSELESS → Down 12.8% to $0.25979181M → Down 11.3% to $0.37503649PUMP → Down 11.0% to $0.00282301HNT → Down 6.6% to $2.51KTA → Down 6.5% to $1.23.Fear IndexBitcoin: 59 (Greed)Ethereum: 46 (Neutral)DominanceBitcoin: 59.88% ▲ 0.21%Ethereum: 13.33% ▼ 0.83%Total Daily Net ETF InflowsBTC ETFs: -$14.10 MillionETH ETFs: -$59.30 MillionGlobal Markets and Stocks of the Most Valuable CompaniesGlobal markets are monitoring the ongoing peace talks regarding the Russia-Ukraine war. While no concrete steps have been taken, there is talk of a Putin-Zelenski meeting within two weeks. Following yesterday's Trump-Zelenski-EU leaders meeting, Trump stated that the talks with European leaders were positive and that preparations for a trilateral summit have begun. Putin's advisor, however, stated that only the idea of a summit is being considered. Global stock markets are trading mixed this morning; US futures are slightly down, while European futures are slightly up. July housing starts and building permits data will be released in the US today.NVIDIA (NVDA) → $4.44 trillion market capitalization, $182.01 per share, up 0.86%.Microsoft (MSFT) → $3.84 trillion market capitalization, $517.10 per share, down 0.59%.Apple (AAPL) → $3.43 trillion market capitalization, $230.89 per share, down 0.30%.Amazon.com (AMZN) → $2.47 trillion market capitalization, $231.49 per share, up 0.20%.Alphabet (GOOG) → $2.47 trillion market capitalization, $204.29 per share, down 0.30%.Borsa Istanbul Updates and the Most Valuable CompaniesThe domestic housing price index increased by 0.9% month-on-month in July, reaching a 32.8% annual increase, while declining by 0.5% in real terms. Prices rose by 0.6% in Istanbul, 1.2% in Ankara, and 1% in Izmir. Annual increases were 33.5%, 42.9%, and 31%, respectively. The Bloomberg HT Consumer Confidence Preliminary Index rose by 2.36% in August to 71.71. While buying in stocks that had lagged in previous weeks was evident yesterday on the BIST, profit-taking continued in bank stocks, and the index closed slightly higher but below the 11,000 level. A flat trend is expected on the BIST today.QNB Finansbank (QNBTR) → 2.39 trillion TL market capitalization, 714.50 TL per share, fell by 9.96%. Aselsan Electronics Industries (ASELS) → Market value of 782.95 billion TL, price per share of 170.30 TL, decreased by 0.82%.Türkiye Garanti Bankası (GARAN) → Market value of 592.20 billion TL, price per share of 142.10 TL, increased by 0.78%.Turkish Airlines (THYAO) → Market value of 460.92 billion TL, price per share of 333.25 TL, decreased by 0.22%.Koç Holding (KCHOL) → Market value of 455.19 billion TL, price per share of 180.90 TL, increased by 0.78%.Precious Metals and Currency PricesGold: 4384 TLSilver: 49.97 TLPlatinum: 1761 TLDollar: 40.89 TLEuro: 47.72 TLWe look forward to bringing you the latest updates again tomorrow.
·
19 Aug 2025
Daily Market Summary – August 18, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewWith the start of the new week, Bitcoin extended its decline following the ATH, falling into the $115,000 region. This area appears to be providing short-term support, but in the event of a downward breakout from the $114,000–$115,000 range, the $111,800 and subsequently the $107,300 levels stand out as potential reversal points. On the upside, a recovery could see the price targeting the $117,300 region.On the Ethereum side, we see that after a breathless rise to the $4,800 region, it is undergoing a natural pullback. The $4,250, $4,180, and $4,070 levels serve as sequential support points. The price will target the $4,400 region upon its first reversal.Crypto NewsSouth Korea's financial regulator will submit its stablecoin regulatory proposal in October.Grayscale has filed for a DOGE ETF.Bitwise has filed an updated S-1 form for the DOGECOIN ETF.Trump: Stock markets are at record highs.Bitwise files updated S-1 for Aptos ETFSEC Chairman Paul Atkins said the SEC is mobilizing all departments to make the US the world's crypto capitalCryptocurrenciesTop GainersBIO → Up 21.5% to $0.12345658XMR → Up 4.0% to $275.02B → Up 2.2% to $0.56136309LINK → Up 2.2% to $24.81USDY → Up 1.6% to $1.08Top LosersUSELESS → Down 12.4% to $0.29903607PUMP → Down 9.8% to $0.0031675LPT → Down 9.6% to $6.38RAY → Down 9.2% to $3.34.MNT → Down 9.0% to $1.24.Fear IndexBitcoin: 61 (Greed)Ethereum: 50 (Neutral)DominanceBitcoin: 59.62% ▲ 0.35%Ethereum: 13.58% ▼ 1.06%Total Daily Net ETF InflowsBTC ETFs: -$14.10 MillionETH ERFs: -$59.30 MillionGlobal Markets and Stocks of the Most Valuable CompaniesAlthough the Trump-Putin summit did not produce a lasting peace, talks continue. Zelenskyy and European leaders are expected to meet in Washington today. Global markets started the week optimistically, watching these developments and the expected Fed rate cut in September. The dollar index and Brent crude oil prices continue to decline. This week, data flow is weak, with attention focused on the Zelensky-EU meeting and Powell's speech in Jackson Hole.NVIDIA (NVDA) → $4.4 trillion market capitalization, $180.45 per share, down 0.86%.Microsoft (MSFT) → $3.87 trillion market capitalization, $520.17 per share, down 0.44%.Apple (AAPL) → $3.44 trillion market capitalization, $231.59 per share, down 0.51%.Alphabet (GOOG) → $2.47 trillion market capitalization, $204.91 per share, up 0.53%.Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.03 per share, up 0.02%.Borsa Istanbul Updates and Most Valuable CompaniesInflation expectations for the end of 2025 and 2026 remained unchanged at 29.7% and 20.4%, respectively, in the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey. Long-term expectations also remained stable. The consensus view is that the expectation for a 300 basis point interest rate cut in September has increased. Smaller reductions are expected in October and December. The budget posted a deficit of 23.9 billion TL in July, lower than the same month last year. The budget deficit exceeded 1 trillion TL in the first seven months of the year. This week, the housing price index and consumer confidence are the main drivers. The BIST100 started the week with a slight gain.QNB Finansbank (QNBTR) → Market capitalization of 2.39 trillion TL, price per share of 714.50 TL, decreased by 9.96%. Aselsan Elektronik Sanayi (ASELS) → Market value of 777.02 billion TL, price per share of 168.00 TL, decreased by 1.41%.Türkiye Garanti Bankası (GARAN) → Market value of 600.18 billion TL, price per share of 142.10 TL, decreased by 0.56%.Turkish Airlines (THYAO) → Market value of 456.78 billion TL, price per share of 332.00 TL, increased by 0.30%.Koç Holding (KCHOL) → Market value of 451.64 billion TL, price per share of 179.30 TL, increased by 0.67%.Precious Metals and Currency PricesGold: 4395 TLSilver: 50.03 TLPlatinum: 1757 TLDollar: 40.89 TLEuro: 47.89 TLWe look forward to bringing you the latest updates again tomorrow.
·
18 Aug 2025
Daily Market Summary – August 15, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewBitcoin continues its volatile rise. Our ATH target in previous newsletters has been achieved. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In case of pullbacks, the $117,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in previous newsletters. ETH's short-term potential has increased significantly after this breakout. The $4540 support and $4770 resistance levels are areas to be closely monitored.Crypto NewsCoinbase acquired Deribit, as expected.Google acquired an 8% stake in Bitcoin miner TeraWulf in a $3.7 billion deal.Trump: I think Putin will make peace.Citigroup is exploring custody and settlement services for stablecoins and crypto ETFs.The Trump administration will reportedly discuss US acquisition of stock in Intel.Treasury Secretary Bessent said the US government is exploring ways to "acquire more Bitcoin to expand the reserve."The SEC postponed its decision on the Bitwise Spot Solana ETF.CryptocurrenciesTop Gainers:SKL → Up 13.3% to $0.04560092HASH → Up 6.9% to $0.02878751ZBCN → Up 6.6% to $0.00502393AERO → Up 6.1% to $1.42M → Up 3.6% to $0.43615755Top Losers:POPCAT → Down 11.0% to $0.30693777CFX → Down 9.9% to $0.1807279SUPER → Down 9.3% to $0.73215213KAITO → Down 9.3% to $1.09MOG → Down 9.2% to $0.00000125.Fear Index:Bitcoin: 67 (Greed)Ethereum: 59 (Greed)Dominance:Bitcoin: 59.44% ▼ 0.29%Ethereum: 14.03% ▲ 0.95%Total Daily Net ETF InflowsBTC ETFs: $230.80 MillionETH ETFs: $639.60 MillionGlobal Markets and Stocks of the Most Valuable CompaniesThe US PPI rose 0.9% month-over-month for July, well above expectations (0.2%), and reached 3.3% year-over-year, the highest level since February 2025. Despite the data increasing inflationary pressures, markets continue to price in a Fed interest rate cut on September 17. Expectations for the Trump-Putin summit are also supporting global stock markets. US and European futures, as well as Asian stock markets, are trading higher this morning. While dollar and bond yields rose after the PPI, the VIX remained low at 14.83, indicating that risk appetite remains intact.NVIDIA (NVDA) → Market capitalization of $4.44 trillion, price per share of $182.02, increased by 0.24%.Microsoft (MSFT) → Market capitalization of $3.88 trillion, price per share of $522.48, increased by 0.36%.Apple (AAPL) → Market capitalization of $3.45 trillion, price per share of $232.78, decreased by 0.24%.Amazon.com (AMZN) → Market capitalization of $2.46 trillion, price per share of $230.98, increased by 2.86%. Alphabet (GOOG) → $2.46 trillion market capitalization, $203.82 per share, increased by 0.39%.Borsa Istanbul Updates and Most Valuable CompaniesIn its third Inflation Report of the year, the Central Bank of the Republic of Turkey (CBRT) separated forecasts from "interim targets." Forecasts are subject to change as data becomes available, while interim targets will remain fixed unless an extraordinary situation arises. Today, the CBRT Market Participants Survey, budget balance, service and construction production indices, and private sector external debt data will be released. Following the US PPI's higher-than-expected performance, the BIST 100 fell 1.1% yesterday, led by major stocks and banks. A slight sell-off is expected today.QNB Finansbank (QNBTR) → $2.39 trillion market capitalization, $714.50 per share, decreased by 9.96%.Aselsan Electronics Industries (ASELS) → Market capitalization of 775.20 billion TL, price per share of 170.70 TL, increased by 0.41%.Turkey Garanti Bank (GARAN) → Market capitalization of 607.32 billion TL, price per share of 144.10 TL, decreased by 0.35%.Koç Holding (KCHOL) → Market capitalization of 450.38 billion TL, price per share of 177.80 TL, increased by 0.11%.Turkish Airlines (THYAO) → Market capitalization of 449.88 billion TL, price per share of 326.25 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4392 TLSilver: 50.29 TLPlatinum: 1778 TLDollar: 40.86 TLEuro: 47.72 TLWe look forward to bringing you the latest updates again tomorrow.
·
15 Aug 2025
Bessent's Cryptocurrency and Economy Statements: Bitcoin Reserves Will Not Be Sold
In recent weeks, the crypto market agenda has been dominated by discussions of interest rate cuts, trade tariffs, and the global economy. New statements by US Treasury Secretary Bessent have added to this busy agenda. His remarks regarding Bitcoin reserves, in particular, have attracted investor attention.Bessent made it clear that the US does not plan to purchase new cryptocurrencies. Emphasizing that existing assets will be protected, the Secretary stated that seized cryptocurrencies will not be sold and that Bitcoin reserves are valued at between $15 billion and $20 billion. While this situation did not create immediate selling pressure in the market, it did reshape the expectations of crypto investors.In the past, Wyoming Senator Cynthia Lummis, a cryptocurrency-friendly politician, suggested converting the state's gold reserves into cash to purchase Bitcoin. However, Bessent's comments indicate that this idea is currently lacking support. Lummis's plan has not yet garnered sufficient political support.Interest Policy and Global TradeIn his speech, Bessent also shared his views on the Fed's interest rate cuts. He said the first step could be a cautious 25 basis point reduction, followed by an acceleration of this process. The Minister emphasized that a total reduction of approximately 1.5 points is required to reach a neutral level, and stated that he does not favor the Fed taking consecutive aggressive actions.On the trade front, he noted that Europe and India continue to import refined oil from Russia. He noted that August and September will be a critical period for customs duty revenues, stating that revenues could exceed $300 billion. He said these revenues alone have the potential to reduce the budget deficit to 5%.Bessent also touched on the competition between the US and China in chip production. He claimed that China has narrowed its room for maneuver with its own moves in this regard, stating that one of the US goals is to maximize value for taxpayers and the other is to reduce the interest rate differential between MBS and Treasury bonds. He also stated that gold will continue to be held as a safe store of value.Trump-Putin summit is expected.In addition to all these announcements, markets are also focused on the Trump-Putin meeting scheduled to take place tomorrow in Alaska. It's rumored that Putin is preparing to take a significant step regarding the Ukraine war, and Trump wants to take an active role in this process. Crypto investors are eagerly awaiting how the potential geopolitical consequences of this meeting will impact the markets.While Bessent's decision not to sell his Bitcoin reserves has eased uncertainty in the crypto market in the short term, interest rate policy, trade disputes, and global developments are expected to shape both digital assets and traditional markets in the coming months.
·
14 Aug 2025
Daily Market Summary – August 14, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewBitcoin continues its volatile rise. Our ATH target in previous newsletters has been achieved. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In case of pullbacks, the $117,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4540 support and $4770 resistance levels are areas to be closely monitored.Crypto NewsBitMine filed to sell $20 billion worth of stock to acquire more ETH.Traders increased their positions anticipating the Fed's interest rate cut in September.SUI Network accidentally published and then deleted a blog post. The post stated that a listing announcement had been made on Robinhood. This likely indicates a premature release of a draft press release.Trump: He's considering filing a lawsuit against Powell over Fed building costs.SEC's Peirce: We're not waiting for legislation to work on crypto.Ethereum surpasses $4,500 for the first time since December 3, 2021!21Shares filed a revised S-1 form for the Sui ETF.Kazakhstan-based Fonte Capital introduced Central Asia's first Bitcoin ETF.CryptocurrenciesTop Gainers:OKB → Up 174.6% to $126.64FARTCOIN → Up 24.9% to $1.07QUBIC → Up 20.6% to $0.00000278DEEP → Up 15.6% to $0.17445165GT → Up 14.9% to $18.80Top Losers:PROVE → Down 15.3% to $1.43WEMIX → Down 7.8% to $0.79438738ZORA → Down 7.0% to $0.11173092ZBCN → Down 5.5% to $0.00488242B → Down 4.1% to $0.63282928Fear Index:Bitcoin: 71 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 59.28% ▼ 0.69%Ethereum: 14.08% ▲ 1.78%Total Daily Net ETF InflowsBTC ETFs: $65.90 MillionETH ETFs: $523.90 MillionGlobal Markets and the Most Valuable Companies and Stock PricesThe US July CPI rose 0.2% month-over-month and remained unchanged at 2.7% year-over-year. The core CPI rose 0.3% month-over-month and 3.1% year-over-year. Housing prices rose, while energy prices fell 1.1%. The data's lack of expectations fueled expectations for a Fed interest rate cut. This led to buying in global stock markets. US and European futures are positive, with strong buying in Asia. Progress in trade talks and expectations for the Trump-Putin summit scheduled for Friday in Alaska are also supporting markets. The dollar index and US 2-year Treasury yields declined slightly, while the VIX index fell to its lowest level of the year at 14.73.NVIDIA (NVDA) → Market capitalization of $4.47 trillion, price per share of $183.16, increased by 0.60%.Microsoft (MSFT) → Market capitalization of $3.93 trillion, price per share of $529.24, increased by 1.43%.Apple (AAPL) → Market capitalization of $3.41 trillion, price per share of $229.65, increased by 1.09%.Alphabet (GOOG) → Market capitalization of $2.46 trillion, price per share of $204.16, increased by 1.25%. Amazon.com (AMZN) → Market capitalization of $2.36 trillion, price per share of $221.47, increased by 0.08%.Borsa Istanbul Updates and Most Valuable CompaniesThe current account deficit reached $2.0 billion in June. The 12-month current account deficit increased to $18.9 billion. Energy and gold imports contributed to the increase. The Treasury borrowed a total of 136.1 billion TL in the last two days. The BIST 100 fell 0.8% yesterday, with Aselsan and Tüpraş leading the decline. THY and Destek Finans Factoring limited losses. The Trump-Putin meeting and positive global sentiment may keep the BIST 100 slightly bullish today.QNB Finansbank (QNBTR) → Market capitalization of $2.95 trillion, price per share of $793.50, decreased by 9.98%.Aselsan Electronics Industries (ASELS) → Market value of 784.32 billion TL, price per share of 173.60 TL, increased by 0.93%.Turkey Garanti Bank (GARAN) → Market value of 614.46 billion TL, price per share of 147.20 TL, increased by 0.62%.Koç Holding (KCHOL) → Market value of 455.95 billion TL, price per share of 178.90 TL, decreased by 0.50%.Turkish Airlines (THYAO) → Market value of 440.91 billion TL, price per share of 319.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4377 TLSilver: 50.33 TLPlatinum: 1777 TLDollar: 40.73 TLEuro: 47.59 TL
·
14 Aug 2025
Daily Market Summary – August 13, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OutlookBitcoin continues its surge in volume. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $117,300 support. After breaking through the $123,100 region, it is expected to reach the $127,000 area. In the event of a pullback, the $114,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance levels are areas to be closely monitored.Crypto NewsBitMine has filed for a $20 billion share sale to acquire more ETH. Traders increased their positions anticipating a Fed rate cut in September.SUI Network mistakenly published and then deleted a blog post. The post stated that a listing announcement was made on Robinhood. This likely indicates that a draft press release was published prematurely.Trump: Considering lawsuit against Powell over Fed building costs.SEC's Peirce: We're not waiting for legislation to work on crypto.Ethereum surpasses $4,500 for the first time since December 3, 2021!21Shares filed a revised S-1 form for the Sui ETF.Kazakhstan-based Fonte Capital introduced Central Asia's first Bitcoin ETF.CryptocurrenciesTop Gainers:OKB → Up 174.6% to $126.64FARTCOIN → Up 24.9% to $1.07QUBIC → Up 20.6% to $0.00000278DEEP → Up 15.6% to $0.17445165GT → Up 14.9% to $18.80Top Losers:PROVE → Down 15.3% to $1.43WEMIX → Down 7.8% to $0.79438738ZORA → Down 7.0% to $0.11173092ZBCN → Down 5.5% to $0.00488242B → Down 4.1% to $0.63282928Fear Index:Bitcoin: 71 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 59.28% ▼ 0.69%Ethereum: 14.08% ▲ 1.78%Total Daily Net ETF InflowsBTC ETFs: $65.90 MillionETH ETFs: $523.90 MillionGlobal Markets, the Most Valuable Companies, and Stock PricesThe US July CPI rose 0.2% month-over-month and remained unchanged at 2.7% year-over-year. The core CPI rose 0.3% month-over-month and 3.1% year-over-year. Housing prices rose, while energy prices fell 1.1%. The data's lack of expectations fueled expectations for a Fed interest rate cut. This led to buying in global stock markets. US and European futures are positive, with strong buying in Asia. Progress in trade talks and expectations for the Trump-Putin summit scheduled for Friday in Alaska are also supporting markets. The dollar index and US 2-year Treasury yields declined slightly, while the VIX index fell to its lowest level of the year at 14.73.NVIDIA (NVDA) → Market capitalization of $4.47 trillion, price per share of $183.16, increased by 0.60%.Microsoft (MSFT) → Market capitalization of $3.93 trillion, price per share of $529.24, increased by 1.43%.Apple (AAPL) → Market capitalization of $3.41 trillion, price per share of $229.65, increased by 1.09%.Alphabet (GOOG) → Market capitalization of $2.46 trillion, price per share of $204.16, increased by 1.25%. Amazon.com (AMZN) → Market capitalization of $2.36 trillion, price per share of $221.47, increased by 0.08%.Borsa Istanbul Updates and Most Valuable CompaniesThe current account deficit reached $2.0 billion in June. The 12-month current account deficit increased to $18.9 billion. Energy and gold imports contributed to the increase. The Treasury borrowed a total of 136.1 billion TL in the last two days. The BIST 100 fell 0.8% yesterday, with Aselsan and Tüpraş leading the decline. THY and Destek Finans Factoring limited losses. The Trump-Putin meeting and positive global sentiment may keep the BIST 100 slightly bullish today.QNB Finansbank (QNBTR) → Market capitalization of $2.95 trillion, price per share of $793.50, decreased by 9.98%.Aselsan Electronics Industries (ASELS) → Market value of 784.32 billion TL, price per share of 173.60 TL, increased by 0.93%.Turkey Garanti Bank (GARAN) → Market value of 614.46 billion TL, price per share of 147.20 TL, increased by 0.62%.Koç Holding (KCHOL) → Market value of 455.95 billion TL, price per share of 178.90 TL, decreased by 0.50%.Turkish Airlines (THYAO) → Market value of 440.91 billion TL, price per share of 319.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4377 TLSilver: 50.33 TLPlatinum: 1777 TLDollar: 40.73 TLEuro: 47.59 TLWe look forward to bringing you the latest updates again tomorrow.
·
13 Aug 2025
US Inflation Data Released: How Did Bitcoin React?
US inflation data, eagerly awaited by global markets since the beginning of the week, has been released. The July 2025 Consumer Price Index (CPI) results signaled potential reshaping investors' expectations for the Fed's future actions. Cryptocurrency markets, however, turned upwards immediately after the announcement.US inflation data releasedThe July 2025 US Consumer Price Index (CPI) data brought an end to the eager anticipation in markets. According to data released by the US Bureau of Labor Statistics (BLS), annual inflation was 2.7%, slightly below the market expectation of 2.8%. Annual inflation was also 2.7% in June. Monthly, the CPI increased by 0.2%.The lower-than-expected data has once again raised the possibility of potential scenarios for the US Federal Reserve's (Fed) interest rate policy. According to analysts, this could increase the likelihood of the Fed bringing forward interest rate cuts; however, some market commentators also suggest the Fed may adopt a cautious stance. The potential impact of the Donald Trump administration's tariffs and global trade policies on inflation remains a key concern for investors. The moderate course of core inflation is considered a development that could support risk appetite.The cryptocurrency market reacted quickly and generally positively to the data. As seen in the chart below, Bitcoin experienced a brief surge following the announcement. Ethereum (ETH) continued its upward momentum, trading around $4,309. ETH is seen to have a positive trend of 2-3% throughout the day. Major altcoins are also in the green, and investors are observed to be increasingly interested in risky assets following the macroeconomic data release. Statements from Fed officials in the coming days are expected to influence market expectations.
·
12 Aug 2025
Daily Market Summary – August 12, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical ExplanationBitcoin continues its volatile rise. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $117,300 support. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In the event of a pullback, the $114,000 area will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance levels are areas to be closely monitored.Crypto NewsBlackRock Ethereum ETF saw $640 million in inflows.Luna founder Do Kwon has decided to plead guilty in the Luna stablecoin case, and therefore the hearing in January 2026 will not be held. Trump extended China's tariff period by 90 days.Coinbase Ventures purchased TON tokens directly from Telegram, according to a statement from an executive at the TON Foundation.SUI treasury Mill City Ventures purchased $20 million worth of $SUI.Fundamental Global announced it purchased $47,331 worth of $ETH for $200 million. The company will stake its assets to participate in Ethereum-based RWA and stablecoin yield strategies.Trump Media plans to launch a BTC-ETF later this year. It has filed an updated S-1 with the SEC.Strategy purchased 155 Bitcoin.CryptocurrenciesTop Gainers:PROVE → Up 11.6% to $1.59WEMIX → Up 5.5% to $0.83605867BIO → Up 5.4% to $0.12761396CTC → Up 5.4% to $0.70740814BTSE → Up 2.9% to $1.64Top Losers:FARTCOIN → Down 17.5% to $0.83945303ZORA → Down 15.3% to $0.11520258IP → Down 15.0% to $5.73PENGU → Down 11.9% to $0.03532916BONK → Down 11.2% to $0.00002435.Fear Index:Bitcoin: 69 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 60.51% ▼ 0.36%Ethereum: 13.28% ▲ 1.36%Total Daily Net ETF InflowsBTC ETFs: $403.90 MillionETH ETFs: $461.00 MillionGlobal Markets and the Most Valuable Companies and Stock PricesJuly inflation data will be released in the US today at 3:30 PM GMT. Annual CPI is expected to rise in both headline and core figures. This expectation led to a sell-off in US stock markets yesterday, but US and European futures, as well as Asian stock markets, are positive this morning. The VIX rose to 16.25, indicating a slight weakening of risk appetite ahead of the data. The market expects the CPI to rise by 0.2% monthly and 2.8% annually.NVIDIA (NVDA) → $4.44 trillion market capitalization, $182.06 per share, down 0.35%.Microsoft (MSFT) → $3.88 trillion market capitalization, $521.77 per share, down 0.05%.Apple (AAPL) → $3.37 trillion market capitalization, $227.18 per share, down 0.95%.Alphabet (GOOG) → $2.43 trillion market capitalization, $201.63 per share, down 0.23%. Amazon.com (AMZN) → $2.36 trillion market capitalization, $221.30 per share, fell 0.62%.Borsa Istanbul Updates and Most Valuable CompaniesIndustrial production increased by 0.7% month-on-month and 9.2% year-on-year in June. Adjusted for calendar effects, the annual increase was 8.3%. The defense industry supported production in the second quarter. The Treasury borrowed 80.5 billion TL in a 2-year bond auction yesterday, with an interest rate of 40.39%. 10-month bonds and 2-year lease certificates will be sold today. Exports increased by 7.9% to $20.5 billion in June, and imports increased by 15.2% to $28.7 billion. The current account balance is expected to be $2.2 billion in deficit. The BIST100 rose by 0.6% yesterday. Geopolitical developments and the US inflation data, due at 3:30 PM, will be closely monitored today, with a slightly bullish trend expected in the index.QNB Finansbank (QNBTR) → Market capitalization of 1.01 trillion TL, price per share of 290.25 TL, decreased by 0.86%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 661.69 billion TL, price per share of 142.00 TL, decreased by 0.35%.Turkish Airlines (THYAO) → Market capitalization of 622.58 billion TL, price per share of 42.08 TL, decreased by 0.81%.Tüpraş Türkiye Petrol Rafinerileri (TUPRS) → Market capitalization of 610.29 billion TL, price per share of 698.50 TL, increased by 0.93%.Koç Holding (KCHOL) → Market capitalization of 594.71 billion TL, price per share of 132.10 TL, increased by 0.38%.Precious Metals and Currency PricesGold: 4385 TLSilver: 49.50 TLPlatinum: 1754 TLDollar: 40.72 TLEuro: 47.32 TLWe look forward to bringing you the latest updates again tomorrow.
·
12 Aug 2025
Daily Market Summary – August 11, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OverviewBitcoin continues its volatile rise. Having reached the $122,000 region, BTC will target a new ATH as long as it remains above the $121,300 support. After breaking through the $123,100 region, it can be expected to reach the $127,000 area. In the event of a pullback, the $117,000 region will be closely monitored.Ethereum, on the other hand, has broken its downward trend from 2021, which we mentioned in our previous newsletters. ETH's short-term potential has increased significantly following this breakout. The $4140 support and $4370 resistance are areas to be closely monitored.Crypto NewsEl Salvador plans to open the world's first Bitcoin bank. • Donald Trump: I'm working to end the Russia-Ukraine war.Harvard invested $120 million in BlackRock's Bitcoin ETF.Eric Trump: It makes me happy to see ETH short positions shattered today. Stop taking positions against BTC and ETH, or you'll get crushed.World Liberty plans to raise $1.5 billion by listing on the Nasdaq exchange. The plan closely mirrors MicroStrategy's "crypto treasury" model and positions the new organization as a digital asset vault for investors.The LayerZero Foundation has offered to acquire Stargate.CryptocurrenciesTop Gainers:ZORA → Up 42.5% to $0.1343976ZRO → Up 26.7% to $2.44LDO → Up 16.4% to $1.48PUMP → Up 13.5% to $0.00357332VSN → Up 12.0% to $0.21711043Top Losers:PROVE → Down 5.8% to $1.43FARTCOIN → Down 4.2% to $1.02ZBCN → Down 4.1% to $0.005011271INCH → Down 2.3% to $0.27679996DEXE → Down 2.2% to $7.86 Fear Index:Bitcoin: 69 (Greed)Ethereum: 52 (Neutral)Dominance:Bitcoin: 60.68% ▲ 0.32%Ethereum: 13.02% ▼ 0.42%Total Daily Net ETF InflowsBTC ETFs: $403.90 MillionETH ETFs: $461.00 MillionGlobal Markets and the Most Valuable Companies and Stock PricesGlobal markets started the week on a positive note. Trump and Putin are expected to meet in Alaska on Friday. Declining global risks, rising expectations for a Fed interest rate cut, improved earnings, and progress in trade talks are supporting the markets.The VIX index fell 5.2 points last week to 15.15, indicating a strengthening risk appetite. According to FAO data, global food prices increased by 1.6% in July. Meat and vegetable oil prices were the primary drivers of this increase. The index is 7.6% higher than the same month last year and 18.8% below its 2022 peak.The most important international data of the week will be the US CPI data, to be released tomorrow. Inflation continues to rise gradually.NVIDIA (NVDA) → $4.46 trillion market capitalization, $182.70 per share, increased by 1.07%.Microsoft (MSFT) → $3.88 trillion market capitalization, $522.04 per share, increased by 0.23%.Apple (AAPL) → $3.4 trillion market capitalization, $229.35 per share, increased by 4.24%. Alphabet (GOOG) → $2.44 trillion market capitalization, $202.09 per share, rose 2.44%.Amazon.com (AMZN) → $2.37 trillion market capitalization, $222.69 per share, fell 0.20%.Borsa Istanbul Updates and Most Valuable CompaniesToday, TÜİK (Turkish Statistical Institute) will release June industrial production and construction cost data. Previous month, industrial production increased by 3.1% month-on-month and 4.9% year-on-year. Preliminary June data indicates a continued slowdown in manufacturing.The Treasury will sell 2-year bonds today and 10-month bonds and 2-year lease certificates tomorrow.The BIST 100 rose 0.15% on Friday. Corporate balance sheets will be busy this week. The Central Bank of the Republic of Turkey (CBRT) Inflation Report will be closely watched on Thursday. Developments regarding the Trump-Putin meeting will be closely monitored abroad. The BIST 100 is expected to be slightly bullish today.QNB Finansbank (QNBTR) → Market capitalization of 1.01 trillion TL, price per share of 290.25 TL, decreased by 0.86%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 661.69 billion TL, price per share of 142.00 TL, decreased by 0.35%.Turkish Airlines (THYAO) → Market capitalization of 622.58 billion TL, price per share of 42.08 TL, decreased by 0.81%.Tüpraş Türkiye Petrol Rafinerileri (TUPRS) → Market capitalization of 610.29 billion TL, price per share of 698.50 TL, increased by 0.93%.Koç Holding (KCHOL) → Market capitalization of 594.71 billion TL, price per share of 132.10 TL, increased by 0.38%.Precious Metals and Currency PricesGold: 4419 TLSilver: 49.84 TLPlatinum: 1738 TLDollar: 40.75 TLEuro: 47.59 TLWe look forward to bringing you the latest updates again tomorrow.
·
11 Aug 2025
Daily Market Summary – August 8, 2025 | JrKripto
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin and Ethereum Technical OutlookAfter spending last week declining, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $116,500. Support is at $113,500 in the lower range. The short-term target for the upper range is $118,200.The target we mentioned in previous newsletters for Ethereum was also reached on the same day. The market structure remains positive. ETH, which rose to $3,950, will target the $4,150 region as long as it stays above $3,700.Crypto NewsTrump: The Fed chair's decision will be announced by the end of the week. We have several candidates. The candidates are currently down to four.Japan's largest bank has applied for Bitcoin and XRP ETFs.Kashkari: Two interest rate cuts this year seem appropriate.The CBOE is proposing amending the VanEck Ethereum ETF to allow ether staking.China will allow the launch of its first stablecoin. -Financial TimesThe US will impose a 15% tariff on goods imported from Japan.CryptocurrenciesTop Gainers:BEAM → Up 14.1% to $0.00772947FLUID → Up 10.0% to $6.02CHEEMS → Up 9.5% to $0.00000124TOSHI → Up 9.5% to $0.00064634DEXE → Up 9.3% to $8.38Top Losers:M → Down 5.2% to $0.49628287PUMP → Down 4.5% to $0.00325032XMR → Down 3.2% to $283.25TKX → Down 3.0% to $5.03BTSE → Down 2.1% to $1.58 Fear Index:Bitcoin: 59 (Greed)Ethereum: 50 (Neutral)Dominance:Bitcoin: 61.64% ▼ 0.07%Ethereum: 11.97% ▼ 0.08%Total Daily Net ETF InflowsBTC ETFs: $91.60 MillionETH ETFs: $35.10 MillionGlobal Markets, Most Valuable Companies, and Stock PricesGlobal markets are trading positively this morning. US and European futures, as well as Asian stock markets, are trading positively. This optimism stems from the Fed's interest rate cut being brought forward, Apple's $100 billion investment plan, and progress in US trade talks. Pressure on Russia and India and geopolitical risks are currently in the background. The VIX index fell 1.1 points to 16.77. This suggests that Fed expectations have reduced volatility in pricing. German industrial production and US weekly unemployment claims will be closely watched today.NVIDIA (NVDA) → $4.38 trillion market capitalization, $179.42 per share, rose 0.65%.Microsoft (MSFT) → $3.90 trillion market capitalization, $524.94 per share, fell 0.53%.Apple (AAPL) → $3.16 trillion market capitalization, $213.25 per share, rose 5.09%.Alphabet (GOOG) → $2.38 trillion market capitalization, $196.92 per share, rose 0.82%. Amazon.com (AMZN) → $2.37 trillion market capitalization, $222.31 per share, increased by 4.00%.Borsa Istanbul Updates and Most Valuable CompaniesThe BIST100 continues its slight upward trend driven by stock-based movements. Yesterday, the index closed at its highest level in a year in Turkish Lira terms, 2.5% shy of its all-time high. In US dollars, it is still 20% below its peak. The market is expected to continue to move based on stock-based movements for some time, depending on balance sheets. MSCI will announce the index changes tonight, effective August 27th. Potential share exits could cause volatility in share prices.QNB Finansbank (QNBTR) → $2.47 trillion market capitalization, $809.5 per share, increased by 9.99%.Aselsan Electronics Industries (ASELS) → Market value of 828.1 billion TL, price per share of 181.9 TL, increased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market value of 628.32 billion TL, price per share of 150.3 TL, increased by 0.47%.Koç Holding A.Ş. (KCHOL) → Market value of 462.55 billion TL, price per share of 184.0 TL, increased by 0.88%.Turkish Airlines Inc. (THYAO) → Market value of 425.73 billion TL, price per share of 310.25 TL, increased by 0.57%.Precious Metals and Currency PricesGold: 4416 TLSilver: 49.53 TLPlatinum: 1743 TLDollar: 40.67 TLEuro: 47.13 TLWe look forward to bringing you the latest updates again tomorrow.
·
8 Aug 2025
Daily Market Summary with JrKripto August 7, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After spending last week declining, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $114,000. Support lies at $113,500 in the lower range. The short-term target for the upper range is $116,200.For Ethereum, the target we mentioned in previous newsletters was reached on the same day. The market structure remains positive. ETH, which rose to $3,730, will target the $4,000 region as long as it remains above $3,500.Crypto NewsThe CFTC will launch an initiative for the trading of spot crypto asset contracts.MANTRA and Inveniam are merging in the global RWA market. The MANTRA platform and fintech firm Inveniam are launching a UAE- and US-focused institutional real assets (RWA) ecosystem.MEI Pharma acquired Litecoin and launched a $100 million corporate treasury strategy with advisory from Charlie Lee and GSR.SharpLink purchased 83,561 ETH for $264.5 million at an average price of $3,634Trump: We are very close to a deal with China.Galaxy Digital is also jumping on the tokenization bandwagon. The company reached an agreement with RWA platform Superstate to issue the GLXY token.SEC releases statement on liquid staking activities: Liquid staking activities are not considered securities.Metamask introduces the Metamask USD stablecoin.CryptocurrenciesTop Risers:MYX → Up 126.9% to $1.99ZBCN → Up 9.6% to $0.005509OM → Up 9.3% to $0.27304455PUMP → Up 7.9% to $0.00344558SYRUP → Up 6.4% to $0.4471353Top Fallers:QUBIC → Down 16.5% to $0.00000022WEMIX → Down 7.4% to $0.76227445PROVE → Down 7.1% to $1.25FRAX → Down 6.6% to $2.59KTA → Down 5.4% to $1.02Fear Index:Bitcoin: 58 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 61.95% ▲ 0.17%Ethereum: 11.83% ▼ 0.30%Total Daily Net ETF Inflows• BTC ETFs: -$196.20 Million• ETH ETFs: $73.30 MillionGlobal MarketsGlobal markets are starting the day with gains. While Wall Street saw sell-offs following yesterday's weak ISM services data from the US, expectations of a Fed rate cut and corporate news are supporting buying this morning. US and European futures, as well as Asian stock markets, are in positive territory.The ISM services index remained just above the threshold level at 50.1 in July. Weaknesses were observed in business activity, new orders, and employment. The price index, which indicates inflationary pressures, rose from 67.5 to 69.9, reaching its highest level since October 2022. The VIX index rose to 17.85, indicating that volatility persisted, albeit limited.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.35 trillion market capitalization, $178.26 per share, decreased 0.97%.Microsoft (MSFT) → $3.92 trillion market capitalization, $527.75 per share, decreased 1.47%.Apple (AAPL) → $3.01 trillion market capitalization, $202.92 per share, decreased 0.21%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.32 per share, down 0.22%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $213.75 per share, up 0.99%.Borsa IstanbulAccording to seasonally adjusted data from the Turkish Statistical Institute (TÜİK), monthly inflation was 2.65% in July (June: 2.0%). The CPI-based real exchange rate fell 0.9% in July to 69.4, its lowest level since September 2024. The PPI-based real exchange rate decreased 1.5% to 91.9.The BIST-100 closed flat yesterday. The weak performance of the last two days makes it difficult to break above the 10,900 level. We expect the index to continue trading tight today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.24 trillion TL, price per share of 736.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 844.06 billion TL, price per share of 180.4 TL, decreased by 2.54%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 630 billion TL, price per share of 148.1 TL, decreased by 1.27%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 459.25 billion TL, price per share of 181.0 TL, decreased by 0.06%.Türk Hava Yolları A.O. (THYAO) → 407.79 billion TL market capitalization, 300.75 TL per share, increased by 1.78%.Precious Metals and Currency PricesGold: 4410 TLSilver: 49.53 TLPlatinum: 1743 TLDollar: 40.68 TLEuro: 47.13 TLWe look forward to bringing you the latest updates again tomorrow.
·
7 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.
·
6 Aug 2025
Trump Considers New Fed Chair Names: Targets Powell with Harsh Remarks
US President Donald Trump made notable statements regarding the appointment process for the new chairman of the US Federal Reserve (Fed). Trump harshly criticized current Fed Chair Jerome Powell, announcing that four strong candidates were being considered for the central bank's chairmanship. This development is being interpreted as a signal that Trump will become more involved in monetary policy in his second term.Trump sharply criticizes Powell: "A political figure"In an interview with CNBC, Trump described Fed Chair Powell as a figure who has lost his independence and acts in accordance with political interests. "Chairman Powell is a very political figure," Trump said, arguing that inflation data is trending positively and that a rate cut is necessary. Powell, on the other hand, adopts a more cautious approach, continuing to consider trade policies and market conditions in interest rate decisions. These differing approaches have long fueled tensions between the two candidates.Trump also provided information about the shortlist for the Fed chairmanship. Trump stated that the list includes four strong candidates, emphasizing that all of them are "high-level and qualified." An announcement regarding this list, which has not yet been made public, was stated to be made "very soon." While Trump declined to name names, it is being speculated that Fed Board Member Christopher Waller and former White House advisor Kevin Hassett are on the list.Scott Bessent left out of the listAnother strong candidate being considered for the Fed chair was current US Treasury Secretary Scott Bessent. However, Trump announced that Bessent was removed from the consideration list at his own request. Speaking on the matter, Trump said, "I asked him if he wanted to be Fed Chair. He said, 'No, I want to work with you. I want to stay with you.' He wants to keep his current position."Trump's second-term plans are becoming clearDonald Trump's plans for managing the economy are one of the most anticipated topics in the upcoming election campaign. Trump, aiming to increase his influence over the Fed, has begun working on new appointments without waiting for Powell's term to expire in 2026, suggesting he plans to enter his second term with a more interventionist economic policy. This is both shaping market expectations and igniting new debates about the future of independent institutions.
·
5 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.
·
5 Aug 2025