A busy week in crypto saw heavy Bitcoin ETF inflows alongside a string of corporate and regulatory moves. Highlights include Pokemon trading cards moving on-chain, Polymarket getting regulatory approval, and plans for a Fed conference focused on stablecoins and tokenisation. Nasdaq’s American Bitcoin listing drew attention, while investor Ray Dalio said Bitcoin and gold remain the best hedges amid debt concerns.
Institutional treasuries and miners continued to buy. Dutch fund Treasury BV raised $147 million to buy Bitcoin, while Bitmine added $358 million of Ether. AlphaTON launched a $100 million treasury for TON, and SUI Group purchased 20 million SUI. At the same time, Ether balances on exchanges hit a three‑year low — a sign of potential long‑term holding.
Corporate and market developments also stood out. US Bancorp resumed crypto custody services, Gemini targets a $2.2 billion IPO valuation, and California’s $500 billion pension fund is split over Bitcoin exposure. Global adoption rankings continue to favor India and the US. These moves underline growing institutional interest but also raise governance and liquidity questions for large holders.
On the regulatory front, the ECB urged stricter oversight of non‑EU stablecoins, and the SEC is reportedly considering rules around quantum‑safe cryptography. Coinbase announced an internal goal to have half its code written by AI this year. As always, regulatory uncertainty and concentration of assets carry market and operational risks that investors should factor into decisions.
Source: Decrypt. Read the original coverage for full details.
