BTC traded at $83,416, up 0.27% over 24 hours, while ETH stood at $2,671.42, down 0.25%. Gold was at $4,209.60 and silver at $61.720; the S&P 500 and Nasdaq 100 fell 0.17% and rose 0.21%, respectively, while WTI and Brent fell 0.04% and rose 0.47%.
1. Bitwise: 15 institutions added BTC during the drop
Bitwise research head Ryan Rasmussen noted that although Bitcoin fell from $125,000 to $60,000, all 15 large institutions it surveyed did not sell, and some added to positions, including pensions, endowments, foundations and sovereign wealth funds. Some institutions allocate roughly 2% to 8%, and some sovereign wealth funds are reducing gold allocations and shifting into Bitcoin.
Assets to watch: BTC, XAU
2. SEC chair: financial system moving to crypto era
In a CNBC interview, U.S. Securities and Exchange Commission Chair Paul Atkins said he wants to move stock markets on-chain, and that the financial system is moving toward Bitcoin and crypto. The SEC previously introduced an innovation exemption allowing eligible venues to offer on-chain trading of tokenized U.S. equities.
Assets to watch: BTC
3. Gold drops 3.4%, Treasury yields surge
Gold fell 3.4% in a single day. The Kobeissi Letter calculated the move at a Z-score of about -2.90, in the extreme left tail of the return distribution, with a roughly 0.2% probability under a normal distribution. Analysts said surging Treasury yields are pressuring precious metals.
Assets to watch: XAU
4. Robinhood to launch AI agents and 10x crypto perps
Robinhood will launch trade-executing AI agents, crypto perpetual contracts with up to 10x leverage, and weekend U.S. stock trading. Users can create AI agents in-app, choose OpenAI or Anthropic models, and grant access to a separate trading account to analyze markets and trade stocks, options and crypto.
Assets to watch: ANTHROPIC, OPENAI
5. Grayscale LINK ETF adds $2.36M
Onchain Lens monitoring shows Grayscale's Chainlink ETF bought and received 159,480 LINK worth about $2.36 million. This month the ETF has accumulated at least 629,100 LINK worth about $8.37 million.
Assets to watch: LINK
6. Aztec relaunches zk.money on Ethereum L2
Aztec Labs relaunched zk.money, a self-custodial wallet supporting private crypto payments, running on Aztec Network, its privacy-focused Ethereum Layer 2. The wallet does not publish users' balances, payment amounts or counterparty information to the public ledger. The original zk.money launched in 2021 and was discontinued in 2023.
Assets to watch: ETH
7. Puffer partners Anchorage for custody
Anchorage Digital, a U.S. federally chartered digital asset bank, partnered with Ethereum infrastructure project Puffer UniFi, serving as its institutional custodian and providing compliant custody, stablecoin infrastructure and institutional payment capabilities, jointly advancing stablecoin issuance and settlement, native on-chain clearing and institutional payments.
Assets to watch: ETH
8. Trader MK4 NEAR long up $15.5M
Onchain Lens reports that trader MK4's NEAR long position has unrealized profit of about $15.5 million, holding roughly 5.84 million NEAR with a notional value of about $29.21 million. The gains came after Bitwise launched a NEAR spot ETF that began trading on the NYSE.
Assets to watch: NEAR
9. Machi closes PUMP long, reopens 10x
Lookonchain monitoring shows Machi (Jeffrey Huang) closed his PUMP long position for a profit of about $827,000, then opened a new 10x leveraged long position on 900 million PUMP worth about $5.26 million.
Assets to watch: PUMP
Market snapshot
BTC: $83,416 (24h +0.27%) | ETH: $2,671.42 (24h -0.25%)
Gold: $4,209.60 (+0.72%) | Silver: $61.720 (+0.93%)
WTI: $89.34 (-0.04%) | Brent: $103.07 (+0.47%)
S&P 500: 7,670.84 (-0.17%) | Nasdaq 100: 30,339.33 (+0.21%)
1. Bitwise: 15 institutions added BTC during the drop
Bitwise research head Ryan Rasmussen noted that although Bitcoin fell from $125,000 to $60,000, all 15 large institutions it surveyed did not sell, and some added to positions, including pensions, endowments, foundations and sovereign wealth funds. Some institutions allocate roughly 2% to 8%, and some sovereign wealth funds are reducing gold allocations and shifting into Bitcoin.
Assets to watch: BTC, XAU
2. SEC chair: financial system moving to crypto era
In a CNBC interview, U.S. Securities and Exchange Commission Chair Paul Atkins said he wants to move stock markets on-chain, and that the financial system is moving toward Bitcoin and crypto. The SEC previously introduced an innovation exemption allowing eligible venues to offer on-chain trading of tokenized U.S. equities.
Assets to watch: BTC
3. Gold drops 3.4%, Treasury yields surge
Gold fell 3.4% in a single day. The Kobeissi Letter calculated the move at a Z-score of about -2.90, in the extreme left tail of the return distribution, with a roughly 0.2% probability under a normal distribution. Analysts said surging Treasury yields are pressuring precious metals.
Assets to watch: XAU
4. Robinhood to launch AI agents and 10x crypto perps
Robinhood will launch trade-executing AI agents, crypto perpetual contracts with up to 10x leverage, and weekend U.S. stock trading. Users can create AI agents in-app, choose OpenAI or Anthropic models, and grant access to a separate trading account to analyze markets and trade stocks, options and crypto.
Assets to watch: ANTHROPIC, OPENAI
5. Grayscale LINK ETF adds $2.36M
Onchain Lens monitoring shows Grayscale's Chainlink ETF bought and received 159,480 LINK worth about $2.36 million. This month the ETF has accumulated at least 629,100 LINK worth about $8.37 million.
Assets to watch: LINK
6. Aztec relaunches zk.money on Ethereum L2
Aztec Labs relaunched zk.money, a self-custodial wallet supporting private crypto payments, running on Aztec Network, its privacy-focused Ethereum Layer 2. The wallet does not publish users' balances, payment amounts or counterparty information to the public ledger. The original zk.money launched in 2021 and was discontinued in 2023.
Assets to watch: ETH
7. Puffer partners Anchorage for custody
Anchorage Digital, a U.S. federally chartered digital asset bank, partnered with Ethereum infrastructure project Puffer UniFi, serving as its institutional custodian and providing compliant custody, stablecoin infrastructure and institutional payment capabilities, jointly advancing stablecoin issuance and settlement, native on-chain clearing and institutional payments.
Assets to watch: ETH
8. Trader MK4 NEAR long up $15.5M
Onchain Lens reports that trader MK4's NEAR long position has unrealized profit of about $15.5 million, holding roughly 5.84 million NEAR with a notional value of about $29.21 million. The gains came after Bitwise launched a NEAR spot ETF that began trading on the NYSE.
Assets to watch: NEAR
9. Machi closes PUMP long, reopens 10x
Lookonchain monitoring shows Machi (Jeffrey Huang) closed his PUMP long position for a profit of about $827,000, then opened a new 10x leveraged long position on 900 million PUMP worth about $5.26 million.
Assets to watch: PUMP
Market snapshot
BTC: $83,416 (24h +0.27%) | ETH: $2,671.42 (24h -0.25%)
Gold: $4,209.60 (+0.72%) | Silver: $61.720 (+0.93%)
WTI: $89.34 (-0.04%) | Brent: $103.07 (+0.47%)
S&P 500: 7,670.84 (-0.17%) | Nasdaq 100: 30,339.33 (+0.21%)