BTC held $105,500, consolidating near critical inflection after rebounding from $100K.
ETH stayed steady at $3,500, while SOL and BNB dipped 1–2%, showing selective rotation into majors.
Spot volumes up 22.6% to $14.1 billion, signaling improving market participation and liquidity. Futures open interest fell 2.6%, confirming ongoing deleveraging and cleaner positioning.
ETF demand remains mixed, but spot accumulation is picking up, led by Strive’s $162 million BTC purchase, Strategy’s $50 million BTC addition, and Bitmine’s 34% increase in ETH holdings.
Macro backdrop stabilizes: U.S. government reopens, tariff deals progress, and Treasury offers clarity on crypto staking regulation.
Momentum building, but upside capped near $108.5K–$111K unless inflows accelerate.
DRW founder Don Wilson's blunt critique of MEV cuts to a deeper flaw: blockchain market design has drifted into engineering complexity that extracts value without improving price discovery or capital allocation.
The two global crypto firms join founding shareholders VPBankS and LynkiD as CAEX moves to meet Vietnam's $380 million capital threshold for its regulated crypto pilot
