Trading Desk Insights
BTC is holding a key support zone between 104,000 and 105,000. If this level breaks, we could see a move down toward the bottom of the trend channel near 101,000 and possibly an extension to 99,000. Despite solid macro signals, investors locked in profits this week. Meanwhile, spot BTC ETFs in the US continue to gain strong traction, pulling in over $1.7 billion in inflows, while ETH ETFs saw $206 million in new capital. Institutional interest remains elevated. Even with the recent dip, optimism is building across the crypto space, supported by easing inflation, improving geopolitical sentiment, and favorable regulatory momentum. The setup looks bullish for a breakout.
SOLETH has been rangebound within 7% and is trading near the June lows. There’s a potential bullish divergence forming, suggesting SOL could begin to outperform ETH again. Altcoins outside the top ten are still hovering near their levels from the US election period, showing few standouts. Altcoin flows remain subdued, with quiet price action across most names. No surprise there as Bitcoin dominance has hit 66%, which continues to weigh on small caps. SUIBTC is trying to bounce off a key support level, while SOLBTC just printed a fresh yearly low, giving back some of the strong outperformance it saw between April and May.
Equity markets have snapped back to life. Commerce Secretary Howard Lutnick told Bloomberg that a trade framework between the US and China has been finalized, with 10 additional deals expected soon. Meanwhile, President Trump is escalating his standoff with Fed Chair Jerome Powell and is reportedly planning to name a successor before Powell’s term ends in May 2026. The goal is clear: appoint someone more dovish who will support lower interest rates.
On the regulatory front, Senator Tim Scott, chair of the Senate Banking Committee, told a White House crypto advisor that legislation covering both crypto market structure and stablecoins is expected to be finalized by September thirtieth, twenty twenty five.
The News Room
Grayscale Snubs Heavyweight XRP in Top 20 Crypto List
Grayscale’s latest “Top 20” report, which highlights crypto assets with near-term rally potential, notably excluded Ripple’s XRP despite its high rank in market cap and ongoing legal developments. The firm’s quarterly rebalancing favors assets with strong network growth, fundamental sustainability, and upcoming catalysts—such as Bitcoin, Ethereum, Solana, and newer names like Sui, Bittensor, and Optimism—indicating that XRP didn't sufficiently meet Grayscale’s criteria for inclusion. This omission sparks debate, particularly in light of XRP’s recent positive momentum amid legal headway.
Former Tether, Hut 8 & Blackstone Execs Launch $1B Crypto Treasury Firm
A group of seasoned finance and crypto executives—including Tether co-founder Reeve Collins, former Blackstone dealmaker Chinh Chu, and ex‑Hut 8 CEO Jaime Leverton—is teaming up via SPAC M‑3 Brigade Acquisition V to launch a publicly traded crypto treasury firm targeting a $1 billion raise. Unlike bitcoin-only treasuries, this new entity plans to hold a diversified digital asset portfolio spanning BTC, ETH, and SOL. With oversight from vice chairs Wilbur Ross and Gabriel Abed, the initiative marks a notable step in institutional crypto adoption, positioning the venture to leverage both regulatory tailwinds and capital markets via SPAC.
USDT on TRON Surpasses $80 Billion, Cementing TRON as Leading Stablecoin Network
TRON DAO has surpassed a major milestone as the circulating supply of Tether (USDT) on its network exceeded $80 billion, up about $20 billion since January 2025—now accounting for over 50 percent of USDT issuance and 63 percent of the global stablecoin supply. TRON processes nearly 9 million transactions daily, with over 1 million wallets using USDT each day, reinforcing its position as the go-to settlement layer for stablecoins. The network’s scalability, low fees, and high utility are attracting institutional issuance and makers like World Liberty Financial, while compliance tools like T3 further underscore TRON’s growing credibility.
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