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Institutional investors in the cryptocurrency market are increasingly aggressive in their treasury management strategies. Three major companies listed on Nasdaq and the NYSE have recently attracted attention with their purchases totaling billions of dollars in BNB, Ethereum, and Bitcoin.BNC Makes $160 Million BNB InvestmentBNB Network Company (formerly CEA Industries Inc.), traded on Nasdaq under the ticker symbol BNC, has acquired 200,000 BNB tokens, becoming the world's largest institutional BNB treasury holder. This $160 million purchase follows a $500 million private equity raise in partnership with 10X Capital and YZi Labs.The company is pursuing an aggressive strategy by focusing its treasury entirely on BNB. BNC plans to direct its remaining capital toward additional BNB purchases and, by exercising its option of up to $750 million, bring the total investment to $1.25 billion. The addition of Galaxy Digital co-founder David Namdar as CEO and the addition of former CalPERS CIO Russell Read to the team demonstrate the commitment to this transformation.BNB has 250 million users and an average daily trading volume of $9.3 billion. Increasing on-chain activity, deflationary token burns, and a potential BNB spot ETF are among the potential catalysts that could increase institutional interest.BitMine Adds $4.9 Billion in Ethereum StockpilesEthereum-focused treasury management company BitMine Immersion (BMNR) announced that it has increased its ETH holdings to 1.15 million, reaching a reserve of approximately $4.9 billion. This amount makes the company the world's largest institutional Ethereum treasury.The company engaged in an aggressive acquisition campaign during the summer. Last week, BitMine held 833,000 ETH and added 317,000 ETH ($1.3 billion) in just one week. BitMine President and Fundstrat co-founder Tom Lee stated that Ethereum is experiencing a "2017 Bitcoin moment," predicting that regulatory developments and institutional use cases could push the price to $30,000.Michael Saylor Makes New Bitcoin MoveOn the Bitcoin front, Michael Saylor's company, Strategy (formerly MicroStrategy), known for its "Bitcoin treasury" model, announced the purchase of 155 BTC for $18 million. This brings its total Bitcoin reserves to 628,946 BTC. The company's total holdings cost $46.09 billion, with an average purchase price of $73,288. While this purchase is one of Strategy's smallest of the year, it follows last week's record purchase of 21,021 BTC ($2.46 billion). The company is planning a new $4.2 billion stock offering and aims to use this funding to acquire more BTC.
Last week, cryptoasset investment products saw strong inflows again. According to CoinShares data, total net inflows globally reached $572 million. While weak US employment data triggered a $1 billion outflow in the early days of the week, the government's announcement that it would allow digital assets in 401(k) retirement plans led to a $1.57 billion inflow in the second half. Thus, the week closed on a positive note.Ethereum Leads, Bitcoin FollowsEthereum-based investment products dominated the week with $268 million in inflows. With ETH surpassing $4,000 for the first time in eight months, total inflows since the beginning of the year reached $8.2 billion, and assets under management reached an all-time high of $32.6 billion. This represents an 82% increase since the beginning of 2025.On the Bitcoin side, the two-week outflow streak ended. BTC investment products closed the week with $260 million in inflows. Spot Bitcoin ETFs in the US accounted for $253.2 million of this figure. Short Bitcoin products saw $4 million in outflows.Notable activity in altcoinsSignificant inflows were also seen in altcoin investment products. According to data provided by CoinShares:Solana (SOL): $21.6 millionXRP: $18.4 millionNear: $10.1 millionCardano (ADA): $1.5 millionChainlink (LINK): $0.7 millionStellar (XLM): $0.6 millionIn contrast, multi-asset products saw $3 million in outflows, and Sui saw $3 million in outflows. Regional breakdown: US leads, Europe negativeThe strongest regional inflows came from the US. The US led the week with $608 million in net inflows, followed by Canada with $16.5 million and Australia with $7.9 million. Hong Kong also contributed $1.4 million positively.Europe, on the other hand, was more cautious. Germany, Sweden, and Switzerland saw a total of $54.3 million in outflows. Germany recorded net outflows of $33.5 million, Sweden $16.5 million, and Switzerland $1.1 million.iShares Leads the Week Among ProvidersBy provider, iShares/USA took the largest share of the week with $294 million in inflows. Bitwise was in positive territory with $95 million, and Grayscale $87 million. ProShares saw $35 million in inflows, while Fidelity saw $55 million, ARK 21Shares $6 million, and CoinShares XBT Provider AB saw $16 million.Overall, despite the quieter trading volume during the summer months, optimism brought on by 401(k) regulation significantly boosted investor appetite. Ethereum's record levels, Bitcoin's recovery, and new fund inflows into altcoins indicate that the market outlook may remain positive in the short term.
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.
The cryptocurrency market had a strong start to the new week. Bitcoin price rose 3 percent in the last 24 hours, rising above $122,000 and moving one step closer to its all-time high (ATH). It later retreated to $121,000. Meanwhile, Ethereum (ETH) reached $4,300, its highest level since December 2021. This rise is driven by both policy developments and technical and macroeconomic factors. US President Donald Trump has directed the Department of Labor to investigate the possibility of adding cryptocurrencies, private equity, and other alternative assets to 401(k) retirement plans. Analysts note that this step could create room for crypto assets in the retirement portfolios of millions of US investors, significantly increasing institutional demand. As you may recall, the approval of spot Bitcoin ETFs in 2024 brought significant liquidity to the market. According to market data, spot Bitcoin ETFs saw net inflows of $253 million last week, while Ethereum ETFs saw net inflows of $461 million. These strong inflows, particularly in Ethereum, are bolstering expectations that the ETH price could approach its record high of $4,878 in the short term. Institutional firms are also active on the buying side; for example, SharpLink Gaming reportedly purchased 52,800 ETH over the weekend.BTC is on the rise again after consolidating around $115,000 last week. The rally, which began during trading hours in the Asian region, accelerated with a breakout of $119,000, and the price quickly climbed above $122,000. During this period, $50 million worth of short positions were liquidated within two hours, further fueling the rally.On-chain data also points to strong activity on the Bitcoin network. According to analyst Ali Martinez, 364,126 new BTC addresses were created daily, the highest level in a year. Macroeconomic developments are eagerly awaitedOn the macroeconomic front, all eyes are on the US Consumer Price Index (CPI) and Producer Price Index (PPI) data, which will be released this week. Market expectations are for inflation to rise by 0.3 percent in July. Economists note that Trump's tariffs have triggered price increases, particularly in items such as household goods and entertainment products.While the likelihood of a rate cut at the Fed's September meeting is increasing, Polymarket data indicates a 40 percent probability of two 50 basis point cuts. However, following the revision in employment data, expectations for a more aggressive 75 basis point cut have risen from 8 percent to 23 percent.Analysts emphasize that historically, July and August have been positive for Bitcoin in post-halving years, with a potential pullback in September leading to new highs in the final quarter of the year. The market will be closely watching to see whether this week's inflation data supports the rally.
El Salvador's Bitcoin revolution is taking a new dimension with a new and ambitious step. The country's official Bitcoin Office announced on social media platform X that "Bitcoin Banks" are on the way. These banks could make history as the world's first banking system built solely on Bitcoin. While the announcement was brief, this development is expected to further integrate Bitcoin into the country's financial infrastructure. Speculation suggests that the Salvadoran government may be working on a new legal framework that would allow banking services entirely in BTC. This would allow savings accounts, loan services, and payments to be made entirely in Bitcoin.A step aligned with the BPI modelThis idea parallels the Bank for Private Investment (BPI) model introduced by President Nayib Bukele last year. Under this model, banks would be subject to less regulation than traditional financial institutions, have greater freedom to collaborate with international banks, and be flexible in lending. Proposed requirements for the BPI include a minimum capital of $50 million, a minimum requirement of two partners, and the ability to register as a digital asset manager or Bitcoin service provider. This proposal is currently under review by the Commission on Technology, Tourism, and Investments.Ambitious Statements from Bitcoin Advisor Max KeiserMax Keiser, a senior Bitcoin advisor to El Salvador's President Bukele, described the plan as an "unstoppable" step for Bitcoin. "Bitcoin is going to swallow all the $400 trillion in accumulated value in the world while bypassing central banks and their old, dysfunctional institutions," Keiser said. Keiser and his wife, Stacy Herbert, have been among the key architects of the country's pro-Bitcoin policies since Bitcoin was legally recognized in 2021.If Bitcoin Banks are implemented, El Salvador could become the epicenter of global Bitcoin innovation. This could attract crypto investors, entrepreneurs, and companies seeking a Bitcoin-friendly ecosystem.However, the project faces some significant challenges. First, a clear regulatory framework for how Bitcoin banks will operate has not yet been announced. The International Monetary Fund (IMF) has repeatedly warned about Bitcoin's risks, and this pressure, given El Salvador's $1.4 billion loan agreement, could limit the project's scope. Furthermore, Bitcoin's high volatility could impact the stability of deposits, loans, and overall bank operations. While Bitcoin is legal tender, the majority of the country's population still prefers the US dollar for daily transactions. Furthermore, criticism of the government's lack of transparency regarding Bitcoin purchases could undermine public trust. Whether El Salvador can implement this bold step will be determined by the legal and economic steps taken in the coming months.
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.
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.
DeFi Technologies Inc. (Nasdaq: DEFT), a financial technology company that bridges the gap between decentralized finance (DeFi) and traditional capital markets, has seen impressive growth since July 2025. Its subsidiaries, Valour Inc. and Valour Digital Securities Limited (Valour), reported $947 million in assets under management (AUM) at the end of July, a 23% increase from the previous month. Bitcoin, Solana, SUI, Avalanche, and CORE were among the crypto assets that accounted for the largest share of the company's portfolio.Valour had the second-best performance of the year, recording net inflows of $14.4 million in July. Total net inflows since the beginning of 2025 reached $90.4 million.Notable ETPs: SOL, DOGE, and SUIThe products that saw the most inflows in the company's ETP portfolio included both established and newly listed assets such as SOL, DOGE, and SUI. Valour's net inflows for these products were as follows:VALOUR SOL SEK: $5.5 millionVALOUR DOGE SEK: $2.66 millionVALOUR SUI SEK: $2.38 millionVALOUR SEI SEK: $1.09 millionVALOUR CRV SEK: $926,000Valour generates its revenue primarily from staking returns and management fees on the assets it manages. In the first quarter of 2025, it generated $10 million in staking and lending revenue and $2.6 million in management fees. As of July 31st, the ETPs with the highest AUM were:VALOUR BTC: $291.9 millionVALOUR SOL: $269.4 millionVALOUR ETH: $86.6 millionVALOUR XRP: $65.1 millionVALOUR SUI: $58.4 millionVALOUR ADA: $51.8 millionValour has over 75 ETPs listed on European and UK exchanges. The company aims to increase this number to 100 by the end of 2025. Recently, eight new products based on digital assets such as BCH, LEO, OKB, POL, ALGO, FIL, ARB, and STX were listed on Sweden's Spotlight Stock Market platform. Valour also entered the Swiss market with its HBAR and ICP staking products. The company holds the most Bitcoin and these four altcoins in its treasuryAs of the end of July, DeFi Technologies' cash and USDT balance stood at approximately $17 million. Its debt remained stable at $6 million. Its digital asset treasury reached $73.5 million, and the portfolio included the following assets:BTC (251.6 units): $29.7 millionSOL (61,000 units): $11.6 millionAVAX (398,321 units): $9.5 millionCORE (7,100,000 units): $4 millionSUI (4,913,918 units): $18.5 millionStillman Digital, one of the company's subsidiaries, processed approximately $1.95 billion in trading volume in July. A strategic partnership was also formed with Ozean, Clearpool's RWA protocol. This partnership aims to facilitate the inflow of institutional capital into real-world assets (RWA). Finally, the trading unit, called DeFi Alpha, generated $114.1 million in revenue since its launch in the second quarter of 2024. Specifically, a one-time arbitrage transaction on May 5, 2025, yielded $17.3 million.
Japan-based financial giant SBI Holdings has officially filed an application with the Japan Financial Services Agency (FSA) for a dual-asset crypto ETF (Exchange-Traded Fund) featuring Bitcoin and XRP, marking a first in the country. This move could mark the first time XRP has been considered an institutional-level investment product in the Japanese financial market.Announced in the company's second-quarter 2025 financial report, this new product is called a "Crypto-Assets ETF." The fund aims to provide investors with a single investment gateway offering direct access to both Bitcoin and XRP. The fund's structure aims to offer investors a diversified crypto portfolio by simultaneously monitoring the performance of both assets.Another ETF application is also mentionedSBI has also filed an application for a second product, the "Digital Gold Crypto ETF." This fund plans to allocate more than 50% of its portfolio to gold ETFs and invest the remainder in gold-backed cryptocurrencies. This hybrid structure particularly appeals to investors who are wary of volatility but don't want to completely avoid crypto assets. If the applications are approved by the FSA, XRP will be offered to investors in Japan as part of a regulated investment product for the first time. This is seen as a significant step in the global legitimacy of XRP, which is based on Ripple's payment technologies. As you may recall, XRP remains excluded from many major institutional investment products due to regulatory uncertainties in the US.SBI Holdings CEO Yoshitaka Kitao stated, "This initiative reflects our commitment to integrating blockchain-based assets into the regulated financial system in Japan and Asia."SBI's move is significant for investors in Japan, as well as in Asia in general. It's a fact that institutional investors in this region may see a softening of their approach to cryptocurrencies. Furthermore, the greater acceptance of XRP in Japan could encourage other financial institutions in the region to develop similar products. This development has been met with great excitement in the crypto community, especially among XRP supporters. This group, known as the "XRP Army," interprets SBI's ETF application as a significant milestone in gaining institutional recognition for XRP.As of August 6, 2025, when the news broke, the price of XRP was trading around $2.95. According to JrKripto data, XRP is listed as the third-largest cryptocurrency with a market capitalization of $174.5 billion. Having gained approximately 30% in the last 30 days, XRP has attracted renewed attention due to increased institutional adoption. However, it's worth noting that SBI's move has not yet been reflected in the price.While official approval has not yet been received, SBI's application can be expected to open a new chapter in Japan's crypto finance sector.
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.
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.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After declining throughout last week, Bitcoin kicked off the new week with a rebound. Having dropped to $111,920, BTC is now trading around the $114,000 level. Support is seen at $113,500 on the lower end. In the short term, Ethereum is targeting the $116,200 level.The target highlighted in yesterday’s bulletin was reached within the same day, reflecting a sustained positive market structure. ETH, which climbed to $3,730, is now eyeing the $4,000 region, as long as it holds above the $3,500 support level.Crypto NewsBitmine, chaired by renowned investor Tom Lee, continues to purchase Ether. The company has acquired an additional 208,000 ETH since last week, bringing its total holdings to 833,000 ETH.The Strategy purchased 21,020 BTC between July 28 and August 3.Nasdaq-listed company Verb Technology announced its TON treasury strategy with a $558 million investment.The EU will suspend trade measures against the US for 6 months.$1.1 trillion was added to the US stock market yesterday.The CFTC will launch an initiative to "buy and sell spot crypto asset contracts."CryptocurrenciesTop Risers:MNT → Up 22.7% to $0.8939078LTC → Up 11.7% to $124.14FLUID → Up 11.2% to $5.58M → Up 10.6% to $0.54350284PUMP → Up 10.5% to $0.00318824Top Fallers:SAROS → Down 7.1% to $0.37846208TON → Down 5.6% to $3.35TRIBE → Down 5.6% to $0.57204557FRAX → Down 4.5% to $2.80ZBCN → Down 4.0% to $0.00507614Fear Index:Bitcoin: 60 (Greed)Ethereum: 42 (Fear)Dominance:Bitcoin: 61.59% ▲ 0.27%Ethereum: 11.92% ▼ 1.07%Total Daily Net ETF InflowsBTC ETFs: -$323.50 MillionETH ETFs: -$465.10 MillionGlobal MarketsRising expectations of a Fed interest rate cut, progress in trade negotiations, and positive corporate news are all supporting global markets. U.S., European futures, and Asian stock markets are trading higher this morning.The VIX index, which had climbed to 20.38 on Friday, dropped to 17.52 yesterday, signaling a decline in market anxiety.In the U.S., durable goods orders fell by 9.4% in June, while new orders excluding transportation saw only a modest increase of 0.2%. Service sector data will be released today. In July, the composite PMI stood at 54.6 and the services index at 55.2—both indicating growth. The ISM services index for July is expected to come in at 51.5.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.39 trillion market capitalization, $180.00 per share, up 3.62%.Microsoft (MSFT) → $3.98 trillion market capitalization, $535.64 per share, up 2.20%.Apple (AAPL) → $3.04 trillion market capitalization, $203.35 per share, up 0.48%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.75 per share, up 3.05%. Amazon.com (AMZN) → $2.26 trillion market capitalization, $211.65 per share, fell 1.44%.Borsa IstanbulThe monthly CPI (CPI) fell 2.06% in July, below both our and market expectations. This brought annual inflation down to 33.5%. Core inflation indicators also declined, with the B index reaching 33.8% and the C index reaching 34.7%. The Central Bank of the Republic of Turkey (CBRT) real effective exchange rate and seasonally adjusted data from TurkStat (Turkish Statistical Institute) will be monitored today.Following the lower-than-expected inflation data, the BIST-100 index rose 1% yesterday, led by banking stocks. However, it retreated 0.7% from its intraday peak. The BIST-100 is expected to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.04 trillion TL, price per share of 669.5 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 859.56 billion TL, price per share of 186.4 TL, decreased by 1.11%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 637.56 billion TL, price per share of 151.9 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 460.77 billion TL, price per share of 181.2 TL, decreased by 0.28%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 409.75 billion TL, price per share of 71.00 TL, increased by 1.57%.Precious Metals and Currency PricesGold: 4402 TLSilver: 49.03 TLPlatinum: 1749 TLDollar: 40.68 TLEuro: 47.01 TLWe look forward to bringing you the latest updates again tomorrow.
The U.S. Commodity Futures Trading Commission (CFTC) is preparing to make a historic change to cryptocurrency regulations. According to the new initiative announced by CFTC interim Chair Caroline Pham, exchanges currently authorized to offer futures contracts will be allowed to offer spot cryptocurrency transactions with leverage.What does the new regulation mean?The model the CFTC is working on envisions exchanges with Designated Contract Market (DCM) status transitioning beyond limited derivatives to direct spot cryptocurrency transactions. Spot transactions allow users to buy and sell assets instantly, while leveraged trading allows investors to take larger positions. This framework will offer both institutional and retail investors more trading options within a regulated and supervised framework. Furthermore, because it is planned to utilize existing legal infrastructure, it can be implemented quickly without waiting for new legislation from Congress. Coordination with the SEC: A move parallel to "Project Crypto"This development, as we reported last week, follows the "Project Crypto" initiative announced by U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins. This initiative aims to clarify the rules for classifying blockchain-based assets as securities.The CFTC, on its part, wants to create a space suitable for regulating cryptocurrencies as commodities. This signals the emergence of a two-agency digital asset regulatory system in the U.S. Thus, under a collaborative structure between the SEC and CFTC, investors will be able to trade on a more robust basis, both in terms of security and flexibility.Comment period begins: August 18 deadlineCaroline Pham said in a statement, "Starting today, we invite all stakeholders to provide feedback on how leveraged spot crypto asset contracts could be listed on a DCM." This consultation process, launched on the CFTC's official website, will remain open until August 18, 2025. Comments submitted will be shared publicly and actively evaluated in shaping regulations. This process allows various actors in the crypto ecosystem (exchanges, investors, developers, and legal experts) to contribute to the process.In futures trading, investors enter into contracts to buy and sell assets on a specific date. However, in spot markets, assets are bought and sold instantly. Including spot markets in the scope of regulation could allow institutional investors, in particular, to become more active.Leveraged spot trading offers the opportunity to increase potential profits but also carries risks. Therefore, the CFTC emphasizes that the regulations aim to both ensure investor protection and maintain market stability.What does it mean for the crypto market?If this plan is implemented, it could usher in a new era for the US crypto market. Currently, many major investors are cautious about the crypto market due to regulatory uncertainty. However, this move will allow cryptocurrencies to be traded in broader, more regulated markets.
New information released as of August 4th reveals the growing interest of major players in traditional markets in the crypto world. Major assets like TON, Ethereum, Solana, and Bitcoin have already entered the radar of institutional investors. Here are five companies that have announced crypto reserve strategies or made major purchases in the last 24 hours, along with their details:A first for TON on the stock market: Verb Technology acquisitionNASDAQ-listed Verb Technology Co. (VERB) announced that it has signed an exclusive agreement with Kingsway Capital for approximately $558 million. This investment aims to establish the first publicly traded TON strategy firm. Sources familiar with the matter indicate that Kingsway Capital's interest in TON is not new; in fact, founder Manuel Stotz began purchasing TON two years ago. According to a report published by Bloomberg on July 24th, the TON Foundation and Kingsway Capital are also preparing for a new $400 million fundraising process for the Toncoin treasury. Artelo Biosciences Adds Solana to Its ReservesAnother noteworthy development came from the pharmaceutical sector. Nasdaq-listed Artelo Biosciences (ARTL) announced its digital asset reserve strategy centered on Solana (SOL). The company closed a $9.475 million private funding round. This investment made Artelo the first publicly traded pharmaceutical company to include SOL on its balance sheet, making it a cryptocurrency. As part of the funding, shares or options were issued at a price of $10.45, and two three-year options were also available at $10.20 and $50.Ether Reserve Purchases 10,605 ETHEther Reserve LLC, a partnership between The Ether Machine and Dynamix Corporation (DYNX), is continuing its Ethereum accumulation plan. The company purchased an additional 10,605 ETH at an average cost of $3,781. This brings the total amount of ETH accumulated since the beginning of August alone to 345,362. The purchase was financed with $97 million in cash reserves from a previous private funding round. Following the 15,000 ETH purchase last week to celebrate Ethereum's 10th anniversary, this move is seen as a continuation of this long-term strategy.GameSquare's ETH Proceeds-Based Share Repurchase PlanGameSquare, which has attracted attention with its Ethereum revenues, has approved a new share repurchase plan. The company allocated a $10 million fund, equivalent to 2,717 ETH, for the repurchase. This move brings GameSquare's total ETH reserves to 15,630. The company stands out for integrating ETH earnings directly into its balance sheet management strategy.Strategy purchased another 21,021 BTC for $2.46 billion.On the Bitcoin front, the real bombshell came from Strategy. In just one week, the company spent $2.46 billion to purchase 21,021 BTC at an average cost of $117,256. This purchase was made possible by funds previously raised through a 28 million-unit preferred stock offering called "STRC." The company, which raised $2.521 billion through the IPO, continues to demonstrate its commitment to crypto.
According to the latest data from CoinShares, there were net outflows of $223 million from digital asset investment products last week. This development marks the end of a 15-week streak of uninterrupted inflows. While funds experienced a strong inflow of $883 million at the beginning of the week, outflows in the second half of the week turned the overall picture negative.According to experts, this wave of outflows is driven by the hawkish messages from the US Federal Reserve (Fed) and higher-than-expected economic data. CoinShares Research Director James Butterfill stated that the outflow, which exceeded $1 billion on Friday alone, stemmed from a "general risk-off" atmosphere. Butterfill noted that a total of $12.2 billion in inflows over the last 30 days constituted half of the inflows since the beginning of the year, and that the recent outflows could be interpreted as profit-taking.Sharp decline in Bitcoin fundsLast week, $404 million in outflows from Bitcoin-based investment products occurred. This constituted the majority of the total outflows. US-based spot Bitcoin ETFs, in particular, played a leading role in this decline. Data shows that these ETFs saw $642.9 million in outflows on a weekly basis. Nevertheless, a total of $20 billion has flowed into Bitcoin funds since the beginning of the year, demonstrating high investor interest.Positive sentiment continues for Ethereum and some other altcoinsEthereum investment products, meanwhile, extended their positive streak to a 15th week. Last week, these products saw a total net inflow of $133.9 million. This consistent demand for Ethereum marks the longest uninterrupted inflow period since mid-2021.Notable data also emerged on the altcoin front. XRP products closed the week with net inflows of $31.3 million, Solana $8.8 million, Cardano $1.3 million, and Sui $0.8 million. The largest outflows by fund provider came from the following institutions:ARK 21Shares/USA: $442 millionFidelity Wise Origin Bitcoin Fund: $354 millionGrayscale Investments: $243 millionBitwise Funds: $106 millionIn contrast, iShares ETFs led the way, closing the week with $749 million in inflows. However, monthly data shows this fund had a net loss of only $3 million. The US Leads the Way by CountryRegional data, however, reveals that outflows largely originated from the US. US-based funds saw a total outflow of $383 million last week, followed by Germany with $35.5 million and Sweden with $33.3 million.Additionally, significant inflows were noted in some regions:Hong Kong: $170.4 million inflowSwitzerland: $52.4 million inflowCanada: $12.4 million inflowAccording to CoinShares data, total assets under management (AUM) in digital asset investment products reached $215.2 billion. While the majority of these assets are concentrated in US-based funds, iShares ETFs had the largest AUM at $94.8 billion.
