Summary
gm, Argentina's President Javier Milei is facing fraud charges over his promotion of the LIBRA cryptocurrency, which saw a dramatic rise and fall, raising concerns about meme coin vulnerabilities. In the U.S., the crypto task force is reportedly focusing on establishing a national bitcoin reserve, potentially influencing other nations to follow suit. Meanwhile, Bitcoin experienced its first major weekly outflows of 2025, totaling $430 million, amid macroeconomic concerns and renewed focus on U.S. monetary policy. Despite these challenges, institutional interest in cryptocurrencies continues to grow, with Brevan Howard Digital allocating $20 million to Kinto, an Ethereum-based financial network designed for institutional DeFi participation.

News Headlines
💼 Top 10 Public Companies with Largest Bitcoin Holdings Revealed

  • Strategy (formerly MicroStrategy) leads with 478,740 BTC valued at over $46 billion, followed by Marathon Digital Holdings with 45,659 BTC worth $4.4 billion.
  • Public companies now hold about 2.8% of the total Bitcoin supply, reflecting a broader trend of corporate treasury diversification into cryptocurrencies.

💸 Dave Portnoy Returns 6 Million Libra Tokens to Founder

  • Dave Portnoy returned 6 million Libra tokens to project founder Hayden Davis due to discomfort with undisclosed compensation for promotion.
  • The Libra token, designed to support small businesses in Argentina, suffered a disastrous launch, leading to accusations of a rug pull.

📊 Bitcoin Trades in Tight Range as Altcoins Aim Higher

  • Bitcoin faces resistance near moving averages, with key levels around $98,500 and $94,000 potentially dictating the next price action.
  • Altcoins like XRP, Litecoin, and MANTRA show potential for gains, with analysts closely monitoring key support and resistance levels.

📈 Bitwise Execs Predict Bitcoin Pump Amid Global "Max Chaos"

  • Bitwise CEO Hunter Horsley and head of alpha Jeff Park assert that macroeconomic signals indicate a potential price surge for Bitcoin.
  • They cite global economic uncertainties and potential policy shifts as catalysts for Bitcoin's growth.

🏦 Deutsche Börse CEO Advocates for Permanent Digital Euro

  • Stephan Leithner proposes a 10-step strategy to evolve the EU's Capital Markets Union, positioning a central bank digital currency (CBDC) at its core.
  • The initiative could potentially reshape the European financial landscape and impact the broader crypto market.

Market Metrics

Fundraising & VC
1. Mango Network (Undisclosed, $13.5M) - Multi-VM omnichain infrastructure network
2. Fableborne (Public Token Sale, $120K) - Free to play, Web3-powered mobile game
3. Hivello (Strategic, Undisclosed) - All-in-one DePIN Manager

On-chain Data
1. Melania Meme (MELANIA) token unlocked today ($75.74M, 12.57%)
2. Oasis Network (ROSE) token unlocked today ($2.51M, 0.92%)
3. NAVI (NAVX) token unlock in 2 days ($323.91K, 1.03%)

Regulatory
💼 Italy Engages Crypto Firms on Regulatory Safeguards

  • Banca d'Italia and Consob are in discussions with crypto service providers to enhance safeguards against financial and cybersecurity risks.
  • The initiative aims to address concerns about money laundering and financial stability in the crypto ecosystem.

🏛️ EU Proposes MiCA Guidelines for Crypto Staff Competence

  • ESMA is seeking feedback on proposed guidelines for knowledge and competence requirements for crypto asset service provider staff.
  • The initiative aims to establish consistent standards, enhance investor protection, and build trust in crypto markets.

🌐 Tether Signs Agreement with Guinea to Explore Blockchain Tech

  • Tether has signed an MOU with Guinea to explore blockchain technology use and establish educational programs.
  • The partnership aims to develop blockchain expertise within specific sectors and support Guinea's "Innovation City" project.

💰 US Crypto Task Force Focuses on National Bitcoin Reserve

  • A US crypto task force is reportedly working on establishing a national bitcoin reserve.
  • This initiative could potentially prompt other countries to consider Bitcoin as a reserve asset.

🏦 Standard Chartered, Animoca Brands, HKT to Launch Hong Kong Dollar Stablecoin

  • The partnership plans to apply for a license under Hong Kong's proposed stablecoin bill.
  • This initiative marks a significant step towards integrating traditional banking with crypto innovation in Hong Kong.

Technical Analysis
Bitcoin - Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency is moving within a rectangle formation between support at 94747 and resistance at 97328. A decisive break through one of these levels indicates the new direction for the currency. The currency has support at points 93800 and resistance at points 101600. The currency is overall assessed as technically slightly negative for the short term.

Ethereum - Ethereum is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the currency, and indicates negative development for the currency. The currency has support at points 2590 and resistance at points 3180. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which confirms the trend. The currency is overall assessed as technically negative for the short term.

Governance & Code
🌐 Origin DAO | Yield Forwarding Request: frxETH (Active Vote)
- This proposal seeks to enable yield forwarding and pool booster for the frxETH pool on Curve.

💰 Compound DAO | Compound V4 (Preliminary Discussion)
- This proposal is a temperature check to gather community feedback on evolving Compound Sandbox into Compound V4, a more advanced and efficient iteration of the lending protocol.

👻 Aave DAO | Add rETH to Aave V3 Base Instance (Preliminary Discussion)
- This proposal seeks to add rETH to the Aave V3 Base instance.