Today’s crypto headlines were a mix of market volatility and big institutional moves. A single large Bitcoin holder sold a significant chunk of BTC, briefly pressuring prices, while Ethereum climbed to a fresh all‑time high before pulling back. Meanwhile, several firms and funds announced large-scale plans around SOL and BTC, and multiple ETF and treasury plays moved forward.
Market action intensified after a whale reportedly dumped 24,000 BTC, contributing to a short, sharp correction. Ethereum reached a new ATH but retreated after the move; exchanges now hold roughly 18.3 million ETH, a metric traders watch for supply pressure. These swings underline how concentrated flows can amplify volatility in liquid markets.
On the institutional front, Jump and Galaxy are planning a $1 billion SOL treasury vehicle, and VanEck filed for a first-of-its-kind SOL liquid staking ETF. Other headlines include a proposed $400 billion SOL DAT from Sharps Technology, a planned $1.5 billion stock buyback by Sharplink, and BitMine growing its ETH holdings to about $7.9 billion. Michael Saylor’s Strategy fund signaled another BTC purchase, and Japan moved closer to cutting crypto taxes and greenlighting BTC ETFs — a development that could boost institutional adoption in the region.
In DeFi and altcoin news, WLFI traded at a reported $25 billion pre-launch valuation amid controversy about supply allocations; AAVE publicly denied it would receive part of WLFI’s supply, even as AAVE’s TVL rose past $57 billion (roughly 62% of DeFi lending). The Stargate DAO approved an acquisition offer for LayerZero, and the Philippines is reportedly considering a Bitcoin reserve as part of broader national policy discussions.
Why it matters: Large on‑chain moves and institutional treasury plays can reshape market sentiment quickly. Traders should note that concentrated sales and headline-driven flows increase short-term risk, while ETF and treasury developments signal deeper institutional interest that could support longer-term demand.
Source: Decrypt. Read the original coverage for full details.