Bitcoin Hits All-Time High at $118,400 Amid ETF Inflows and Institutional Demand

Bitcoin surged to a new ATH of $118,400, pushing the crypto market cap above $3.7T. ETF inflows, institutional buys, and legislation boosted momentum.
Crypto Market Soars: Bitcoin Breaks $118K and Market Cap Tops $3.7 Trillion
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Bitcoin surpassed $118,400, reaching its all-time high

According to Darkex market data, BTC surpassed $118,400 with a 6% daily increase. This is recorded as the highest price level to date.

The cryptocurrency market value surpassed $3.7 trillion

According to CoinGecko data, the total cryptocurrency market value reached $3.707 trillion. The 24-hour increase was 1.1%, while the total trading volume was recorded at $202.1 billion. Bitcoin’s market dominance stands at 62.5%, while Ethereum’s is at 9.65%.

Trump: I am ready to impose broad 15% or 20% tariffs

According to Jinshi, Trump said in an interview with NBC that the US plans to impose general customs tariffs of 15% to 20% on most of its trading partners and argued that this decision would not have a negative impact on the stock market or inflation.

Trump is preparing to score his first major victory on crypto legislation

According to

Politico, the US House of Representatives will vote next week on the “GENIUS Act,” which aims to establish the first comprehensive regulatory framework for dollar-pegged stablecoins and has already passed the Senate. If signed by Trump, the bill would be the first major piece of crypto-related legislation passed by Congress.

Fed official Moussallem: Stablecoins could be an important part of payment systems

Speaking to Jinshi, Fed official Moussallem described stablecoins as “an interesting innovation in the payments space” and highlighted the importance of a regulatory framework.

US Treasury Department cancels crypto broker reporting rules

According to Bloomberg, the US Treasury Department has officially canceled a regulation that would have required decentralized exchanges to report customer information. This regulation had been removed by Trump in April before being vetoed.

China and Egypt sign memorandum of understanding on digital currency cooperation

According to a report by Beijing Daily citing the People’s Bank of China, China and Egypt have signed a memorandum of understanding on cooperation in local currency settlement and central bank digital currency (CBDC). The agreement includes information sharing and project cooperation in areas such as digital innovation, monetary policy framework, and payments.

Yapı Kredi affiliate is setting up a cryptocurrency exchange

According to a statement made to the Public Disclosure Platform, Yapı Kredi Financial Technologies will establish a new company to set up a cryptocurrency trading platform. For this purpose, a capital increase of 1.19 billion TL (approximately 29.63 million USD) will be made.

KULR purchased 90 more BTC

KULR purchased 90 BTC at a unit price of approximately 108,884 dollars, totaling 10 million dollars. The company’s total BTC holdings reached 1,021, and its annual BTC return was 291%.

The Smarter Web Company increased its Bitcoin reserves to 1,275

According to an official announcement, UK-based The Smarter Web Company purchased an additional 275 BTC, bringing its total holdings to 1,275 BTC.

Wallets belonging to a whale inactive for 4 years transferred 6,924 BTC

According to Onchain Lens data, a total of 6,924 BTC (approximately 818.81 million dollars) was transferred from wallets belonging to a whale that had been inactive for 4 years to a new address. These BTCs originated from Xapo Bank.

5 billion dollars worth of BTC and ETH options expire today

According to Greeks.Live analyst Adam, 37,000 BTC options (4.3 billion dollars) and 240,000 ETH options (710 million dollars) will expire today. The maximum pain point for BTC is 108,000 dollars, and for ETH, it is 2,600 dollars.

Ethereum Foundation: The address that sold 1,210 ETH belongs to Argot Collective

Ethereum Foundation co-manager Hsiao-Wei Wang revealed on X that the address that sold 1,210 ETH this morning does not belong to the EF, but to Argot Collective, a non-profit organization that split from the EF.

Animoca Brands and DDC form a $100 million Bitcoin partnership

According to Animoca Brands’ official website, the company has signed a strategic Bitcoin agreement worth $100 million with DDC Enterprise. The purpose of the investment is to develop Bitcoin accumulation strategies and accelerate the adoption of digital assets in publicly traded companies.

K Wave Media secures $1 billion fund for Bitcoin strategy

According to GlobeNewswire, K Wave Media, which trades under the ticker symbol KWM on the NASDAQ, has secured $1 billion in funding for its Bitcoin treasury strategy. The company has completed its first purchase of 88 BTC and aims to reach 10,000 BTC.

Ethereum Foundation is restructuring its ecosystem development unit

According to the article titled “Future of EF Ecosystem Development” published on the Ethereum Foundation’s official blog, the Foundation will expand its development unit by focusing on four main areas: ecosystem acceleration, growth, support, and long-term sustainability.

Robinhood CEO’s AI company Harmonic raises $100 million

According to Bloomberg, Harmonic, the artificial intelligence company founded by Robinhood CEO Vlad Tenev, has raised $100 million in Series B funding led by Kleiner Perkins. The company is now valued at $875 million.

SharpLink Gaming purchased an additional 12,648 ETH

According to on-chain analyst Ember, SharpLink Gaming, which trades under the ticker symbol SBET on the NASDAQ, purchased an additional 12,648 ETH worth $35.31 million. Its total ETH reserves have reached 222,000.

Robinhood launches ETH and SOL staking service for US users

According to Cryptoslate, Robinhood has begun offering US users the ability to stake ETH and SOL with a minimum of $1 in assets. However, the service is not available in some states due to regulatory restrictions. A 25% commission will be charged on staking rewards starting in October 2025.

An address linked to the Ethereum Foundation sold 1,210 ETH for 3.496 million USDC

According to on-chain analyst Ember, an address believed to belong to the Ethereum Foundation sold 1,210 ETH for $2,889.5 two hours ago, earning 3.496 million USDC.

Grayscale added 31 new tokens to its research scope

Grayscale announced that it has updated its “Candidate Assets List” to include projects such as Aptos, Arbitrum, Toncoin, Binance Coin, DeepBook, Jito, and Wormhole.

REX Shares filed an application for a TRON-focused leveraged ETF

According to The Block, REX Shares has filed an application with the SEC for the “T-REX 2X Long TRON Daily Target ETF,” which aims to double TRON’s daily performance. The fund is planned to be exposed to TRON spot and derivatives through swaps.

AguilaTrades’ BTC long position reached $347 million

According to on-chain analyst @ai_9684xtpa, the whale known as AguilaTrades has increased its BTC long position, which was initially opened at $109,000, to 3,000 BTC, reaching a value of $347 million. Its current profit stands at $20.11 million.

Bitcoin spot ETFs saw a net inflow of 1.179 billion dollars

According to SoSoValue data, Bitcoin spot ETFs experienced their second-highest net inflow in history yesterday, with 1.179 billion dollars. BlackRock’s IBIT ETF led with 448 million dollars, while Fidelity’s FBTC ETF followed with 324 million dollars.

Ethereum spot ETFs saw $383 million in inflows

According to SoSoValue data, Ethereum spot ETFs saw $383 million in net inflows yesterday. The largest inflow came from BlackRock’s ETHA ETF with $301 million, followed by Fidelity’s FETH ETF with $37.2 million.

by Darkex Research – 1 min read

 

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