- Fully licensed and regulated US exchange
- Strong focus on security and compliance
- User-friendly interface for beginners
The cryptocurrency market strengthened earlier this week but came under sharp selling pressure on Thursday, erasing much of its previous gains. In the latest market snapshot, Bitcoin (BTC) is trading near 81600.00 (+0.9%), Ethereum (ETH) at 2400.00 (+2.1%), Tether (USDT) at 0.9991 (–0.01%), BNB at 744.00 (+5.1%) and XRP at 1.3250 (+4.8%). Total cryptocurrency market capitalization has declined to approximately $2.73 trillion, while Bitcoin dominance has increased to 60.0%. From October 19 to 22, US spot Bitcoin ETFs recorded net inflows of $439.1 million, while Ethereum ETFs saw outflows of $225.1 million. The market remains volatile despite the recovery attempt discussed in our previous crypto weekly review.
Ripple Pursues Aggressive M&A to Boost Market Position
The cryptocurrency market regained its bullish footing at the start of last week, allowing leading tokens to recover most of their earlier losses. Bitcoin (BTC) trades near $107,300 (+7.7%), Ethereum (ETH) is holding at $2,450 (+12.0%), USDT remains stable around $1.0004 (+0.01%), XRP stands at $2.10 (+6.7%), and BNB is at $645 (+3.7%). The total crypto market cap has rebounded to $3.28 trillion, with Bitcoin’s dominance rising to 65.1%. Over the last four sessions, spot Bitcoin ETFs absorbed $1.7136 billion in net inflows, while Ethereum ETFs attracted $749.6 million.
Kraken, the US-based cryptocurrency exchange, has received approval from the Central Bank of Ireland under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework. With this license, Kraken is now authorized to provide regulated crypto custody, exchange, and trading services across the entire European Economic Area (EEA), covering 30 countries. The MiCA regime, which began enforcement in 2024, aims to harmonize the digital asset sector and increase investor confidence through unified regulatory standards.
Galaxy Digital, the US-based crypto financial services firm founded by former Goldman Sachs partner Mike Novogratz, has announced the final close of its debut venture fund, Galaxy Ventures Fund I LP, securing $175 million to support early-stage startups at the intersection of traditional finance and blockchain innovation. The fund exceeded its original $150 million target and marks the company’s first vehicle for attracting external capital while maintaining Galaxy Digital as the principal limited partner.
Bitcoin Tightens as Liquidity Builds — $111K in Focus
Leading Chinese Martech Firm Bets on Digital Assets
Barclays Imposes New Crypto Restrictions on Credit Cards
Grayscale Debuts New Closed-End Trust on SXT, Expanding Its Altcoin Lineup
Record-Breaking Crypto Seizure: Coinbase’s Role in Dismantling International Fraud Ring
For Bitcoin, summer rarely means a rally. If BTC ends this season in the red, it will mark the fourth consecutive negative summer — a trend that starkly diverges from the traditional equities market, where S&P 500 is on track for a potential third bullish summer in a row. The gap is most pronounced in June: from 2020 onward, Bitcoin has seen only a single green June, while S&P 500 had just two losing Junes in the same period. Despite overlapping macro cycles, the growth of institutional investors, and the ETF boom, the two asset classes are following sharply different seasonal playbooks.
California Democrat Senator Adam Schiff has introduced the "Curbing Officials’ Income and Nondisclosure" (COIN) Act, a bill that would prohibit the President, Vice President, and their immediate families from engaging in any cryptocurrency-related business while in office. The proposal comes amid growing scrutiny over high-level political involvement in the booming crypto sector.
Despite the official closure of Huione Guarantee—the largest illegal crypto marketplace on Telegram—on May 13, 2025, the ecosystem of illicit marketplaces within the messenger continues to evolve. According to Elliptic, administrators and vendors quickly migrated to Tudou Guarantee, a functionally similar Telegram-based marketplace. Activity on Tudou Guarantee has more than doubled, with transaction volumes now matching those of its predecessor.
For crypto, the framework is similar to traditional financial markets but comes with its own twist. Here, price action turns on liquidity, adoption, regulation, and flows from institutions alongside retail sentiment. Network health—hash rate, staking, active wallets—adds another layer. Macro still matters too: rates, dollar strength, and risk appetite shape inflows and outflows. Then, as with any market, you use the chart—trend, support and resistance, momentum, and volume—to spot setups and manage risk.