Solana led crypto majors higher this week as trading momentum shifted across tokens. Meme coin HYPE surged to a new all-time high around $50, while an XPL short-squeeze added to the volatility. Bitcoin’s two-week Bollinger Bands tightened to their narrowest on record, signaling a potential breakout window for BTC and the broader market.
Institutional and corporate moves amplified the headlines. KindlyMD reportedly plans to raise about $5 billion in equity to buy Bitcoin for its balance sheet, while Sharplink disclosed a roughly $252 million purchase of ETH. Corporate and media plays included Trump Media and Crypto.com launching a $1 billion CRO DAT instrument, and Donald Trump Jr. investing in Polymarket. Meanwhile, Mastercard expanded its partnership with Circle into EEMEA and Thailand tapped KuCoin to pilot a tokenized bond program.
On the product side, MetaMask rolled out a new social login feature to simplify wallet access, and Google Cloud announced an L‑1 blockchain offering aimed at enterprise developers. Regulators and platforms also shuffled leadership and programs: a reported promotion of Pham at the CFTC after Johnson’s exit, and an LBank–WLFI collaboration to launch a USD1 points program.
Why this matters: these developments mix market volatility with growing institutional demand and developer-focused infrastructure — signals that crypto is moving further into mainstream public markets, payments and sovereign experiments. At the same time, rapid price swings and regulatory uncertainty are ongoing risks; this summary is informational and not investment advice.
Source: Decrypt. Read the original coverage for full details.