Ethereum is sparking a fresh market upswing, and altcoins are following suit. Solana led a recovery among the crypto majors this week, while tokens like HYPE pushed toward $50. Traders are watching tight technicals — Bitcoin’s two‑week Bollinger Bands are at their narrowest on record, a classic sign that a major move could be imminent.
Institutional and corporate action is also in focus. Healthcare firm KindlyMD reportedly plans to raise $5 billion in equity to buy Bitcoin for its balance sheet, and private buyer Sharplink grabbed approximately $252 million worth of Ether. Meanwhile, Trump Media and Crypto.com have launched a $1 billion CRO DAT program, and Donald Trump Jr. invested in Polymarket — signals that political and corporate capital continues flowing into crypto.
On the tech and infrastructure front, MetaMask introduced a social login feature to simplify wallet access, Google Cloud announced an L‑1 blockchain initiative, and Mastercard expanded its partnership with Circle into EEMEA. Thailand selected KuCoin to run a tokenised bond program, and a new collaboration between LBank and WLFI aims to launch a USD1 points rewards scheme. Notably, reports say some US economic data may be published on‑chain as experimentation with decentralised transparency grows.
These developments point to growing mainstream adoption across finance, payments and public policy — but markets remain volatile. Short-term price swings can be sharp, and on-chain innovations bring operational and regulatory risks that investors and institutions should assess before participating.
Source: Decrypt. Read the original coverage for full details.