News

This week saw robust activity across the cryptocurrency landscape marked by rapid market shifts and evolving regulatory initiatives. Bitcoin staged a recovery by holding above $100,000 and eyed a potential liquidity grab at $112,000 as optimism grew around the imminent US government reopening, while altcoins, including Dogecoin and XRP, rallied amid speculation fueled by former President Trump’s proposed $2,000 tariff dividend and renewed ETF filing activity [1][5][9][10]. These positive market moves occurred against a backdrop of significant trading volume fluctuations, with crypto funds enduring consecutive weeks of outflows that pushed crypto ETP assets to their lowest levels since mid-July, and Bitcoin ETF outflows reaching $1.2 billion as institutions recalibrated their risk exposure [2][8].

On the regulatory and corporate front, momentum built as key players signaled transformative changes. The US Commodity Futures Trading Commission, led by interim chief Caroline Pham, announced plans to greenlight leveraged spot crypto trading as early as next month, potentially broadening trading options for market participants [3]. Similarly, the Bank of England initiated its stablecoin consultation with an eye toward finalizing regulatory rules by 2026, and Japan considered limiting crypto custody strictly to registered providers, indicating a tightening of oversight in international markets [4][6]. Corporate developments also marked the week; Ledger explored a New York IPO or fund-raising move while securing substantial bitcoin holdings for its customers, and Trump Media reported heavy Bitcoin acquisitions despite a quarterly loss, underscoring the growing institutional interest in digital assets [7][12]. Collectively, these trends highlight a period of high volatility, regulatory evolution, and renewed investor enthusiasm that could have lasting implications for the crypto industry.