Summary
gm, Bitcoin surged above $95,000, marking its highest price in two months and its strongest weekly gain since November 2024. This rally has been fueled by substantial inflows into U.S.-listed spot Bitcoin ETFs, totaling $2.68 billion this week. Meanwhile, the SEC's new chair, Paul Atkins, signaled a more supportive stance towards crypto regulation during the agency's third crypto roundtable, emphasizing the need for clear regulatory guidelines to foster innovation in the sector. Additionally, Bitwise has filed for a new crypto ETF based on Near Protocol's token, reflecting growing interest in altcoin ETFs following recent approvals of Bitcoin and Ethereum ETFs.

News Headlines
💼 Cantor Fitzgerald Plans $3B Crypto Venture Called 21 Capital

  • Cantor Fitzgerald is reportedly planning a $3 billion cryptocurrency venture called 21 Capital.
  • The venture could include significant investments from Tether, Softbank, and Bitfinex.

🏦 Coinbase Considers Applying for U.S. Banking Charter

  • Coinbase is contemplating applying for a U.S. banking charter, which would allow it to offer traditional banking services.
  • This move could enable Coinbase to integrate more deeply with digital assets and traditional financial services.

🏘️ Deloitte Predicts $4T in Tokenized Real Estate on Blockchain by 2035

  • A Deloitte report forecasts tokenized real estate on blockchain could exceed $4 trillion by 2035, up from less than $300 billion in 2024.
  • The growth is attributed to blockchain adoption and structural shifts in real estate ownership, with a projected CAGR of over 27%.

🔒 Solana's Loopscale Pauses Lending After $5.8M Hack

  • Loopscale, a DeFi lending protocol on Solana, has temporarily halted its lending markets following a $5.8 million hack.
  • The attacker executed a series of undercollateralized loans, impacting Loopscale's USDC and SOL vaults.

Market Metrics

Fundraising & VC
No fundraising data today.

Regulatory
🚨 Senator Calls for Trump Impeachment Over Memecoin Dinner

  • Senator Jon Ossoff supports impeaching President Trump over a private dinner for top TRUMP memecoin holders.
  • Ossoff argues selling access to the presidency through cryptocurrency holdings is an impeachable offense.

🏦 Swiss National Bank Rejects Bitcoin for Reserves

  • Swiss National Bank declines to include Bitcoin in its reserves, citing liquidity and volatility risks.
  • SNB President Martin Schlegel expresses concerns about Bitcoin's reliability during crises.

💼 Nasdaq Proposes Crypto Classification to SEC

  • Nasdaq urges SEC to regulate certain digital assets as financial securities.
  • Nasdaq proposes classifying some tokens as 'digital asset investment contracts' with light-touch regulation.

🔍 Alabama Drops Case Against Coinbase

  • Alabama Securities Commission withdraws enforcement action against Coinbase's staking program.
  • The decision was influenced by ongoing Congressional efforts to establish crypto regulatory framework.

Technical Analysis
Bitcoin - Bitcoin has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency has broken up through resistance at points 93000. This predicts a further rise. In case of negative reactions, there will now be support at points 93000. RSI is above 70 after a good price increase the past weeks. The currency has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.

Ethereum - Ethereum has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The currency is approacing resistance at 1880 points, which may give a negative reaction. However, a break upwards through 1880 points will be a positive signal. The currency is assessed as technically negative for the short term.