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Daily Market Summary with JrKripto July 18, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It has made a clear break above the $3500 level and is now trading near the $3700 resistance area.Crypto NewsSharpLink Gaming has filed for a $5 billion share sale to acquire more ETH. The US House of Representatives has passed the latest crypto bill, Anti-CBDC. The bill, which bans the Fed from issuing digital currencies, will be sent to the Senate.The US House of Representatives has formally passed the crypto bill CLARITY.The House Passes the Crypto Market Structure Bill, Sends it to the Senate.The US House of Representatives has also passed the other crypto bill, GENIUS.Blackrock has applied to add staking to its Ethereum ETF.NASDAQ has submitted a proposal to allow staking for the iShares Ethereum Trust.CryptocurrenciesTop Gainers:TKX → Up 62.1% to $10.96GIGA → Up 25.5% to $0.02435242LDO → Up 22.6% to $1.14SNEK → Up 20.5% to $0.004006UNI → Up 19.4% to $10.62Top Losers:CVX → Down 14.2% to $4.49CHEEMS → Down 9.2% to $0.0000015DEXE → Down 6.4% to $7.98BONK → Down 6.3% to $0.00003593USELESS → Down 6.0% to $0.32065324 Fear Index:Bitcoin: 73 (Greed)Ethereum: 55 (Greed)Dominance:Bitcoin: 61.73% ▼ 0.82%Ethereum: 11.26% ▲ 2.18%Total Daily Net ETF InflowsBTC ETFs: $514.80 MillionETH ETFs: $584.80 MillionGlobal MarketsGlobal risk appetite is generally strong. US and European futures indices are bullish, while Asia is flat. The VIX index fell to 16.5, returning to last week's average. This suggests that risk appetite is increasing due to the better-than-expected US retail sales, employment data, and earnings figures.In the US, retail sales increased by 0.6% month-over-month in June, exceeding expectations (0.1%), while sales excluding automotive and gasoline also rose by the same amount. The control group, which reflects economic growth, also increased by 0.5%. Unemployment claims fell below expectations at 221,000 for the week of July 12th. Thus, while the labor market remains positive, the four-week average number of claims also declined. However, continuing claims, at 1.96 million, remain above 1.9 million since May.Most Valuable Companies and Stock Prices• NVIDIA (NVDA) → $4.22 trillion market capitalization, $173.00 per share, increased by 0.95%.• Microsoft (MSFT) → $3.8 trillion market capitalization, $511.70 per share, increased by 1.20%. • Apple (AAPL) → $3.14 trillion market capitalization, $210.02 per share, down 0.07%.• Amazon (AMZN) → $2.38 trillion market capitalization, $223.88 per share, up 0.31%.• Alphabet (GOOG) → $2.23 trillion market capitalization, $184.70 per share, up 0.51%.Borsa IstanbulThe Borsa Istanbul stock market saw a 2.5% rise yesterday, noting strong inflows. The index is expected to head towards the 10,450/10,500 resistance zone. With net foreign inflows of $1.1 billion in June, total inflows reached $1.9 billion in the first half of the year.Home sales in June increased by 35.8% year-over-year to 107,723. However, there was a 5.3% month-over-month decrease in seasonally adjusted terms. Mortgaged sales increased by 112.6% annually. Sales to foreigners increased by 8.7%. Housing prices increased by 2% in June, with an annual increase of 32.8%, and a real decrease of 1.7%.Short-term external debt stock increased by 1.2% in May, reaching $170.3 billion. Total external debt with a maturity of one year or less reached $222.3 billion. The stock market is expected to see strong buying activity today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 10.0%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%. • Garanti Bank of Turkey (GARAN) → 562.38 billion TL market capitalization, 134.90 TL per share, increased by 0.75%.Koç Holding A.Ş. (KCHOL) → 408.28 billion TL market capitalization, 161.60 TL per share, increased by 0.37%.Turkish Airlines Inc. (THYAO) → Market capitalization: 393.3 billion TL, price per share: 289.00 TL, increased by 1.40%.Precious Metals and Currency PricesGold: 4331 TLSilver: 49.79 TLPlatinum: 1905 TLDollar: 40.37 TLEuro: 46.96 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 17, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance around $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically healthy pullback. If a reversal from $117,900 occurs, we can expect a move back into the trend zone. We currently see it remaining above $118,000. In the opposite scenario, the $114,000 support will be decisive in the short term.Ethereum, on the other hand, appears to have more volume compared to BTC. It made a clear break above $3,400 and is now trading near the $3,500 resistance level.Crypto NewsThe BlackRock Ethereum ETF saw $500 million in inflows yesterday.ETH broke above $3,400 for the first time since February.Holders of Trump's World Liberty Financial cryptocurrency have voted to make the token tradable.The US House of Representatives has formally passed the Anti-CBDC Act, the Genius Act, and the Clarity Act.Investors are pricing in a greater than 50% chance that the Fed will cut interest rates in September.Windtree Therapeutics will purchase $200 million worth of BNB for its treasury.Bank of America: "The company will collaborate with some stablecoins."CryptocurrenciesTop Gainers:FLOKI → Up 34.6% to $0.0001343CRV → Up 23.7% to $0.98030287MEW → Up 23.6% to $0.00397761BONK → Up 21.7% to $0.00003807TOSHI → Up 18.3% to $0.0007296Top Losers:TKX → Down 27.6% to $6.74PUMP → Down 19.0% to $0.00531582M → Down 18.0% to $0.3304374KTA → Down 12.7% to $0.74222945PENGU → Down 10.4% to $0.03000343Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.08% ▲ 0.05%Ethereum: 10.82% ▼ 0.56%Total Daily Net ETF InflowsBTC ETFs: $799.40 MillionETH ETFs: $726.60 MillionGlobal MarketsMarkets are experiencing volatility due to concerns about the Fed's independence and its balance sheet announcements. Rumors that Trump will fire Fed Chair Powell sent the VIX volatility index to 19.5, but the index closed at 17.2 after Trump denied the news.In the US, the June PPI remained unchanged on a monthly basis, while the annual increase slowed from 2.7% to 2.3%. Industrial production increased by 0.3%, exceeding expectations, and capacity utilization rose to 77.6%. Mortgage applications fell by 10%, recording their sharpest weekly decline since mid-April; the 30-year mortgage rate rose to 6.82%.As the Trump-Powell tensions continue, global markets are seeing negative US futures, positive European futures, and mixed Asian futures.Most Valuable Companies and Stock Prices:NVIDIA (NVDA) → $4.18 trillion market capitalization, $171.37 per share, up 0.39%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.62 per share, down 0.04%Apple (AAPL) → $3.14 trillion market capitalization, $210.16 per share, increased by 0.50%Amazon (AMZN) → $2.37 trillion market capitalization, $223.19 per share, decreased by 1.40%Alphabet (GOOG) → $2.22 trillion market capitalization, $183.77 per share, increased by 0.37%Borsa IstanbulFollowing a positive opening yesterday at Borsa Istanbul, the BIST 100 index fell nearly 3% following news of Israel's strike on Damascus. It then recovered nearly 2%, closing the day with a 1.02% loss at 10,121 points. Reaction buying may continue today. Resistance levels at 10,300 and 10,450, and support levels at 10,000 and 9,800 should be closely monitored.In June, the central government budget posted a deficit of 330.2 billion TL. This figure was below the Treasury's cash deficit but above the same month last year. The primary deficit was 54.5 billion TL, bringing the total deficit in the first half of the year to 980.5 billion TL, and the 12-month cumulative deficit to 2.3 trillion TL.Companies with the Highest Market Capitalization on Borsa Istanbul:QNB Finansbank (QNBTR) → Market capitalization of 1.05 trillion TL, price per share of 325.00 TL, increased by 3.83%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 737.35 billion TL, price per share of 162.70 TL, increased by 0.62%Türkiye Garanti Bankası (GARAN) → Market capitalization of 562.38 billion TL, price per share of 134.90 TL, increased by 0.75%Koç Holding A.Ş. (KCHOL) → Market capitalization of 408.28 billion TL, price per share of 161.60 TL, increased by 0.37%Turkish Airlines Inc. (THYAO) → Market capitalization of 393.3 billion TL, price per share of 289.00 TL, increased by 1.40%Precious Metals and Currency Prices:Gold: 4322 TLSilver: 49.01 TLPlatinum: 1836 TLDollar: 40.25Euro: 46.82 TLWe look forward to bringing you the latest updates again tomorrow.
Daily Market Summary with JrKripto July 16, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.We mentioned in our previous newsletters and analyses that Bitcoin faces resistance at $122,000. Following both horizontal resistance and a trend reversal, we are experiencing a technically sound pullback. A reversal from $117,900 could lead to a move back into the trend zone. In the opposite scenario, the $114,000 support level will be decisive in the short term.Ethereum continues to test the critical areas mentioned in the analysis, and even price above them.Crypto NewsStandard Chartered, through its UK subsidiary, has begun offering spot trading services for Bitcoin and Ethereum to institutional clients. The bank is the first major global bank to offer this service. (Reuters)A whale, who began selling from his 80,000 Bitcoin holdings, sent another 40,000 BTC worth $4.6 billion to Galaxy Digital.ProShares is launching ETFs targeting double the daily returns of Solana (SOL) and XRP.Donald Trump: Inflation has arrived. The Fed must lower interest rates. And now.SharpLink Gaming announced it holds 280,706 ETH.CryptocurrenciesTop Gainers:COW → Up 21.7% to $0.44006204ENS → Up 19.3% to $26.55CVX → Up 15.9% to $4.45BSV → Up 15.5% to $29.84TEL → Up 13.8% to $0.00647608Top Losers:TKX → Down 15.5% to $9.15M → Down 8.2% to $0.39629311FARTCOIN → Down 4.6% to $1.21EUL → Down 4.0% to $13.23FUN → Down 3.2% to $0.0214798Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 63.80% ▲ 0.08%Ethereum: 10.31% ▼ 0.05%Total Daily Net ETF InflowsBTC ETFs: $403.10 MillionETH ETFs: $192.30 MillionGlobal MarketsThe inflation data released in the U.S. yesterday for June came in slightly above expectations. The Consumer Price Index (CPI) rose by 0.3% on a monthly basis, while annual inflation reached 2.7%, compared to the forecast of 2.6%. Core inflation, which excludes food and energy, increased to 2.9% year-over-year.Rising energy and food prices played a key role in the uptick. Following the data, expectations for a Federal Reserve rate cut this year have weakened, with markets now pushing their projections to the fourth quarter of 2025. There is even growing speculation that rate hikes could be back on the table later this year.After the inflation data, the VIX index edged up slightly to 17.4, signaling a modest deterioration in risk sentiment. Despite this, global markets opened the day on a positive note, with buying activity observed in U.S. and European futures as well as Asian markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.70 per share, up 4.04%Microsoft (MSFT) → $3.76 trillion market capitalization, $505.82 per share, up 0.56%Apple (AAPL) → $3.12 trillion Market capitalization, price per share: $209.11, up 0.23%Amazon (AMZN) → Market capitalization: $2.4 trillion, price per share: $226.35, up 0.29%Alphabet (GOOG) → Market capitalization: $2.21 trillion, price per share: $183.10, up 0.16%Borsa IstanbulThe Treasury borrowed a total of 90.3 billion TL in auctions held on Monday. The average compound yield on 2- and 5-year fixed-coupon bonds was 40.80% and 36.15%, respectively.Today, May service and construction production indices, private sector foreign loan debt, and June budget balance data will be released.Selling pressure was prominent in banking stocks on Monday. Today, however, may be a day where foreign influences will be closely monitored due to high inflation data in the US and geopolitical developments. We expect a flat trend in the BIST-100.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of TL 989.09 billion, price per share of TL 295.25, increased by 1.37%Aselsan Elektronik Sanayi (ASELS) → Market capitalization of TL 709.08 billion, price per share of TL 155.5, increased by 0.97%Türkiye Garanti Bankası (GARAN) → Market capitalization of TL 577.5 billion, price per share of TL 137.5, decreased by 3.31%Koç Holding A.Ş. (KCHOL) → Market capitalization of TL 417.16 billion, price per share of TL 164.5, decreased by 0.66%Türk Hava Yolları A.O. (THYAO) → Market capitalization 401.58 billion TL, price per share 291.00 TL, decreased 0.68%Precious Metals and Currency PricesGold: 4314 TLSilver: 49.06 TLPlatinum: 1754 TLDollar: 40.24 TLEuro: 46.77 TLWe look forward to bringing you the latest updates again tomorrow.
$27 Million Attack on Crypto Exchange: These 11 Coins Were Stolen!
Cryptocurrency exchange BigONE announced that it suffered a loss of approximately $27 million following an attack on its hot wallets on July 16, 2025. However, the platform stated that user funds were safe and that all losses would be covered.According to BigONE's statement, the attack was discovered early in the morning thanks to "unusual activity." Technical investigations revealed that the incident was a third-party attack, carried out through the hot wallet infrastructure. The company reported that it had identified the attack path and isolated the vector. Extensive loss: BTC, ETH, SHIB, and moreAmong the assets lost in the attack were large volumes of cryptocurrencies. According to the statement, the stolen assets include:120 BTC350 ETH9.5 billion SHIB7.1 million USDT (multi-chain)538,000 DOGE1,800 SOL1 WBTC20,730 XIN15.7 million CELR25,487 UNI16,071 LEOIt was determined that the attackers attempted to move the funds across multiple blockchain networks, including Bitcoin, Ethereum, Tron, Solana, and BNB Chain. Blockchain security firm SlowMist stepped in at this point and began tracking the assets and is working with the exchange to manage the process.Although the attack targeted the hot wallet infrastructure, according to BigONE and SlowMist, the private keys of the wallets were not affected. SlowMist stated in a statement that the attackers gained access to the exchange's infrastructure and altered the logic of some risk control systems, enabling unauthorized transfers. This is described as a "supply chain attack": external malware has been inserted into the system, manipulating transaction logic.Full compensation to usersBigONE has pledged to cover all losses through its own internal reserves and external borrowing. User balances will be fully protected, particularly through the use of high-liquid assets such as BTC, ETH, SOL, USDT, and XIN. The exchange stated that deposits and trading operations will be reactivated soon. However, it was stated that withdrawals will be postponed until additional security updates are completed. The exchange also expressed its regret for the impact of this incident on users and emphasized that all details of the investigation will be shared transparently.ZachXBT, a well-known on-chain researcher in the crypto world, showed little empathy towards BigONE. In a post on X (formerly Twitter), he claimed that the exchange had previously processed significant volumes of illegal activities such as "pig butchering" scams, fake investment projects, and romance scams. Therefore, he stated that he did not regret the losses suffered by the exchange. Meanwhile, according to market data, BigONE attracted attention with a trading volume of $684 million in the 24 hours following the incident. Founded in China in 2017, the exchange currently operates from the Seychelles.
Daily Market Summary with JrKripto July 15, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin updated its current ATH to $123,800 as of yesterday. As mentioned in our BTC analysis, we stated that it would be beneficial for the price to pull back from the resistance zone after reaching it. BTC, which has been revisiting its ATH for several days, has now broken through a key resistance area. The $115,000 zone will be closely watched.Ethereum, as seen in the chart we shared in yesterday's updated analysis, experienced a pullback after a trend reversal. As long as it remains above the $2,880–$2,900 region, the positive outlook will continue.Crypto NewsStandard Chartered has begun offering spot trading services for Bitcoin and Ethereum to corporate clients through its UK subsidiary. The bank has become the first major global bank to offer this service. (Reuters)The Federal Reserve and US regulators issued a statement confirming that banks are allowed to hold Bitcoin and other cryptocurrencies.Ondo Finance is accelerating development of a full-stack RWA platform with the acquisition of Strangelove.MicroStrategy purchased 4,225 Bitcoin at an average price of $111,827 between July 7 and July 13.CryptocurrenciesTop Gainers:FUN → Up 15.2% to $0.02259278USELESS → Up 13.3% to $0.34701556BDX → Up 11.5% to $0.06992641INCH → Up 11.2% to $0.34411542BONK → Up 7.4% to $0.00002875Top Losers:M → Down 26.6% to $0.41467673MOG → Down 15.1% to $0.00000158KTA → Down 14.7% to $0.79702945DOG → Down 11.3% to $0.00400906CRO → Down 10.7% to $0.10273858Fear Index:Bitcoin: 73 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 64.37% ▼ 0.23%Ethereum: 9.87% ▲ 0.26%Total Daily Net ETF Inflows:BTC ETFs: $297.40 millionETH ETFs: $259.00 millionData to Watch Today3:30 PM – Core Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%3:30 PM – Consumer Price Index (CPI) (Annual) (June)Expectation: 2.6% | Previous: 2.4%3:30 PM – Consumer Price Index (CPI) (Monthly) (June)Expectation: 0.3% | Previous: 0.1%All Day – Turkey: Democracy Day – HolidayGlobal MarketsMarkets are focused on today’s U.S. June inflation data. Rising trade tensions and uncertainties are keeping investors cautious, while the market’s overall response to tariff threats has been limited. Bond yields in the U.S. and Europe rose slightly; U.S. stock markets moved higher, while Eurozone stocks declined slightly.In response to Trump’s announcement of a 30% tariff, the EU announced it would take countermeasures if no agreement is reached by August 1st. However, the EU Trade Commissioner noted that negotiations were ongoing. Regarding Mexico, the White House clarified that the tariff would not apply to products covered by the USMCA.Most Valuable Companies and Stock PricesNVIDIA (NVDA): $4T market cap | $164.07 per share ▼ 0.52%Microsoft (MSFT): $3.74T market cap | $503.02 per share ▼ 0.06%Apple (AAPL): $3.12T market cap | $208.62 per share ▼ 1.20%Amazon (AMZN): $2.4T market cap | $225.69 per share ▲ 0.30%Alphabet (GOOG): $2.21T market cap | $182.81 per share ▲ 0.83%Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR): 989.09B TL | 295.25 TL/share ▲ 1.37%Aselsan Elektronik Sanayi (ASELS): 709.08B TL | 155.5 TL/share ▲ 0.97%Türkiye Garanti Bankası (GARAN): 577.5B TL | 137.5 TL/share ▼ 3.31%Koç Holding A.Ş. (KCHOL): 417.16B TL | 164.5 TL/share ▼ 0.66%Türk Hava Yolları A.O. (THYAO): 401.58B TL | 291.00 TL/share ▼ 0.68%Precious Metals and Currency PricesGold: 4,349 TLSilver: 49.48 TLPlatinum: 1,784 TLUSD/TRY: 40.22 TLEUR/TRY: 47.05 TLWe look forward to bringing you the latest updates again tomorrow.
Standard Chartered Launches Bitcoin and ETH Trading for Institutional Investors
Standard Chartered, the UK-based multinational bank, has made another move into the cryptocurrency sector. The bank announced the launch of a spot trading service for Bitcoin (BTC) and Ethereum (ETH) for its corporate clients.Standard Chartered stated in a statement that it is the first "globally systemically important" bank to offer a regulated, secure, and scalable spot trading service for Bitcoin and Ethereum. This new service allows institutions to trade digital assets through familiar foreign exchange (FX) interfaces. Additionally, non-deliverable forwards (NDF) will be available for crypto assets in the near future. The bank's CEO, Bill Winters, stated:"As client demand grows rapidly, we want to ensure they can execute crypto asset transactions safely and efficiently, within regulatory frameworks."Crypto transactions will be facilitated through FX infrastructureOne of the most striking aspects of the new service is its integration with Standard Chartered's existing FX trading infrastructure. This allows institutional investors to trade digital assets using the systems they are already familiar with. This allows for a seamless transition to cryptocurrency.The bank also offers investors flexibility regarding where and how they store their crypto assets. Clients can choose a custody service of their choice or utilize the bank's own developed custody solutions. This multi-custodial infrastructure offers investors a wide range of options in terms of both security and regulation.Custody service previously launched in the UAEStandard Chartered accelerated its cryptocurrency efforts in 2023. Last September, the bank launched a regulated custody service for Bitcoin and Ethereum in the United Arab Emirates. This move demonstrates the institution's long-term vision for the crypto space, and this vision has now been further advanced with the launch of a spot trading service in the UK.Cryptoassets, once considered speculative instruments, are now becoming integrated financial products that can be traded at an institutional level. This move by the bank could serve as an example for other major financial institutions.
Bitcoin in a Record Drop: Giant Whale Moves, US CPI Awaited
While the week started quickly in the cryptocurrency market, the start of "Crypto Week 2025" has become a sell-the-news event. Bitcoin (BTC) has retreated approximately 5% from its recent all-time high of $123,000. Similarly, leading altcoins such as Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE) have lost value by between 3% and 8%.This decline in Bitcoin, in particular, has triggered a large-scale selling wave in the market. According to Coinglass data, a total of $681 million in positions were liquidated in the last 24 hours, $406 million of which originated from long positions. This market-wide pullback is driven not only by profit-taking but also by concerns about upcoming US inflation data. Massive Transfer from the Satoshi Era: $2 Billion in BTC MovementAmidst the market turmoil, another noteworthy development occurred: a Satoshi-era "Bitcoin whale" transferred approximately 18,643 BTC (worth approximately $2 billion) to Galaxy Digital. According to LookonChain, 2,000 BTC of these assets have already been transferred to exchanges like Bybit and Binance. This move is likely profit-taking. The relevant wallet reportedly still holds 80,009 BTC, with a current market value of approximately $9.46 billion. Such whale movements have the potential to increase market volatility and are closely watched by investors.Sharp Drop in AltcoinsAltcoins, which have seen double-digit gains in recent weeks, have also retreated, similar to Bitcoin. Ethereum has fallen below the $3,000 level, and XRP has fallen below the $3 psychological resistance level. In other words, it appears the sustained rally investors are anticipating hasn't materialized yet.Inflation data will be decisiveMarkets are now focused on the June Consumer Price Index (CPI) and Producer Price Index (PPI) data from the US. These figures are expected to be released tomorrow, July 16. Economists predict annual inflation will rise from 2.4% to 2.6%. If these forecasts come true, selling pressure on risk assets could intensify.Critical support zone for BitcoinAccording to Glassnode data, Bitcoin spot trading volume has increased by 50% since July 9, indicating growing investor interest. Specifically, 189,590 BTC were purchased in the $114,000-$117,500 range. This zone represents a strong support area for Bitcoin.Bitcoin is currently trading at $117,209. Although it has fallen from its recent peak, a roughly 9% rise since early July remains in place. Analysts predict that BTC could retreat to $115,000 in the short term before retesting $120,000.However, higher-than-expected inflation data could reverse this scenario. In such a scenario, the BTC price could fall to $110,000, temporarily ending the current uptrend.
Joint Crypto Statement from the Fed, FDIC, and OCC to Banks
Three major banking regulators in the United States have issued an important statement regarding banks' relationship with crypto assets. The Federal Reserve (Fed), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) reiterated that banks must comply with existing laws and risk management principles when custodial crypto assets on behalf of their customers.The statement emphasized that the risks banks may face when offering crypto asset custody services should be carefully evaluated, just as with any other new product or service. The institutions clarified in their statements that this statement does not create any new regulatory expectations. Instead, it aims to remind banks of how existing laws and regulations should apply to crypto asset custody activities.Critical issues banks should be aware of include cybersecurity vulnerabilities, cryptographic key protection, and the management of sensitive data. The agencies' joint statement stated, "A banking institution planning to provide crypto asset custody services should consider the continuous evolution of the crypto asset market and the technology underlying these assets and establish a flexible risk management framework accordingly."Regulators also emphasized that effective anti-money laundering regulations, audit processes, software infrastructure, and governance controls are required to ensure these activities operate within legal frameworks."Crypto Week" has begunThis announcement came as part of the US House of Representatives' "Crypto Week." Various cryptocurrency-related bills are expected to be voted on this week, and comprehensive regulations are expected to take shape. The new legal frameworks aim to establish clearer rules for the cryptocurrency market.Meanwhile, US crypto policies are being reshaped with the change of presidency. The regulatory changes introduced by the Trump administration indicate a significant easing of restrictive regulations implemented during the previous Biden administration. Notable examples of these changes include the OCC's announcement in May that US banks could trade crypto assets for their own accounts, and the FDIC's lifting of the requirement for banks to provide advance notice for crypto activities.The appointment of individuals known to be crypto-friendly to the helm of regulatory bodies is another indicator of this political shift. Jonathan Gould, appointed to the OCC by the Senate last week, previously served as general counsel at Bitfury.The increasing involvement of banking institutions in the crypto space demonstrates the increasingly clear-cut nature of the US's approach to the crypto industry. However, regulators continue to emphasize the need for banks to exercise caution and effectively manage technology-based risks during this process.
BTC Comment and Price Analysis July 14, 2025
BTC Technical AnalysisThe BTC chart displays two ascending trends, one of which appears in the lower zone since August 2024. The other one, located in the upper zone of the price, is the resistance trend coming from December 2024. The price of the coin is constantly improving its momentum with a new ATH level each time and testing the resistance around $117,000 - $121,000. This resistance level also intersects with the trend mentioned earlier.In times of such high volatility and strong momentum, trends like this can demonstrate divergence in the targets, both during bull and bear periods—and this is what we see today. The target of the pattern can be determined by the direction of the breakout. Looking at the Fibonacci levels, it can be said that the levels of $143,000 - $146,000 could be the next targets.Keep in mind that price pullbacks after such great price jumps should be considered healthy and important for creating opportunities. The levels you see on the chart are major support and resistance levels. BTC Current Outlook 🔼 Resistance Levels$121,745 → First strong resistance$127,877 → Middle-term target$136,949 → Upper zone resistance$143,667 → Main target🔽 Support Levels$117,945 → First support (key level)$111,800 → Middle-term support$107,353 → Deeper correction supportThese analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the trades.
Grayscale Takes First Step Towards IPO: Confidential Filing with SEC
Grayscale Investments, one of the cryptocurrency markets' most established digital asset managers, has taken a significant step toward initiating its IPO process. The company announced on Monday, July 15th that it has filed a confidential registration statement with the U.S. Securities and Exchange Commission (SEC). This move joins Grayscale among crypto-focused companies seeking to list on U.S. exchanges.Grayscale files with the SECAccording to the company's statement, the number of shares to be registered as part of the IPO or the price range per share have not yet been finalized. These details will be determined after the SEC's due diligence process is complete and based on market conditions. Grayscale's IPO plan will be launched after receiving regulatory approval and when the market environment is favorable.The confidential filing is made possible by a special provision in U.S. capital markets legislation. This provision allows companies to conduct their pre-IPO processes without public disclosure. The same method has been used previously by Coinbase, Robinhood, and many other technology companies. Circle's success inspiresGrayscale's move signals a renewed IPO momentum in the crypto sector. Indeed, this development follows Circle's initial public offering (IPO) on the New York Stock Exchange (NYSE) last month. Circle, the company behind the USDC stablecoin, launched its shares on the stock exchange under the ticker symbol CRCL on June 5th and quickly saw its share price surge by over 500%.According to Yahoo Finance, Circle's IPO gave the company a valuation of approximately $6.9 billion. This highlighted the significant potential for crypto-focused startups in traditional financial markets.Opening the door to new financing avenuesGrayscale's IPO not only brings prestige but also could open the door to new sources of capital. Among the advantages of being a public company are financial strategies such as selling shares on the stock exchange, issuing convertible bonds, and greater access to institutional investors. For example, MicroStrategy founder Michael Saylor used this strategy to fund his company's Bitcoin acquisitions. Similarly, GameStop attracted attention with its $2.25 billion convertible bond sale in June.Grayscale's move, along with the IPO plans of other major crypto companies like Kraken and Gemini, signals the start of a new IPO season in the sector. After a period of stagnation following the IPO excitement of 2021, markets are reviving as we enter 2025. It's not surprising that crypto companies are turning to Wall Street, especially at a time when regulatory uncertainty is diminishing and investor interest is increasing.
Institutional Investors Exit XRP: Funds Inflow into BTC, ETH, SUI, and LTC
According to a new report from CoinShares dated July 14, crypto asset investment products saw net inflows of $3.7 billion last week. This was the second-largest weekly inflow ever, and the total assets under management (AuM) for crypto assets broke a record, reaching $211 billion for the first time.Strong regional inflows led by the USThe majority of weekly inflows came from the US, with $3.7 billion. Canada and Switzerland contributed more modestly at $17.1 million, and $65.8 million, respectively. However, Germany was notable with an outflow of $85.7 million. Sweden also saw an outflow of $15.7 million. Bitcoin and Ethereum are favored by investorsBitcoin was the most popular crypto asset last week, with $2.7 billion in inflows. This brings Bitcoin's total assets under management to $179.5 billion. This amount corresponds to 54% of the total assets held in gold ETPs and demonstrates the growing interest of institutional investors in Bitcoin.Ethereum also remained on investors' radars. Recording positive flow for the 12th consecutive week, ETH achieved its fourth-highest weekly inflow in history with $990 million. Data from the last 12 weeks indicates that Ethereum received new inflows equal to 19.5% of its total AuM, while this rate remained at 9.8% for Bitcoin.Altcoins are mixed: Solana rises, XRP suffersThe altcoin picture is mixed. Solana was the leading altcoin attracting investor attention with a strong weekly inflow of $92.6 million, while XRP was the biggest loser of the week with a $104 million outflow. XRP's outflow was one of the most notable figures.The situation for other altcoins is as follows:Sui: Notable with a positive flow of $3.5 million. Litecoin and Cardano saw small inflows of $0.5 million and $0.9 million, respectively.Chainlink saw limited outflows of $0.5 million.Short Bitcoin: Interestingly, with inflows of $0.4 million, there was also limited demand for short positions.Multi-asset products experienced a weak inflow of $1.1 million.Other assets: Despite seeing inflows of $2.1 million, they still have over $500 million in outflows since the beginning of the year. iShares and Fidelity Lead Among Fund ProvidersBy provider, iShares ETFs led the way with inflows of $2.43 billion. They were followed by Fidelity Wise Origin Bitcoin F with $400 million and the ARK 21 Shares ETF with $339 million. Meanwhile, Grayscale Investments saw weekly inflows of $143 million, but stood out with outflows exceeding $1.5 billion since the beginning of the year. CoinShares XBT Provider, on the other hand, diverged negatively this week with an outflow of $16 million.
Daily Market Summary with JrKripto July 14, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.As highlighted in previous articles, Bitcoin continues to demonstrate strong upward momentum, reaching new all-time highs. As we start the new week, another ATH has been confirmed. That said, the potential for further records and even higher levels remains significant.On the Ethereum side, the rally has outpaced that of Bitcoin. For instance, while BTC gains 10%, ETH can move by around 20%. The current resistance at $3,072 represents a strong selling zone. A breakout above this level could pave the way for a move toward $3,500. However, if the price faces rejection here, the $2,880 support level will be critical to watch closely.Crypto NewsWhite House Economic Advisor Hassett: Trump has the authority to fire Powell if there's a legitimate reason.Trump: The US will impose a 30% tax on the EU starting August 1.The Czech National Bank acquired Coinbase shares in the second quarter.Former Fed member Warsh said the Fed should cut interest rates immediately and that a change of Fed chair would be a good thing.CryptocurrenciesTop Gainers:M → Up 50.7% to $0.56798979MOG → Up 29.5% to $0.00000166ENA → Up 27.3% to $0.37180338SNEK → Up 27.1% to $0.00275231B → Up 24.4% to $0.46838309Top Losers:USELESS → Down 6.5% to $0.27971634ZBCN → Down 6.0% to $0.00344617TKX → Down 4.1% to $12.12VENOM → Down 0.7% to $0.22752356USDY → Down 0.5% to $1.09Fear Index:Bitcoin: 70 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 64.65% ▼ 0.03%Ethereum: 9.97% ▼ 0.21%Total Daily Net ETF Inflows:BTC ETFs: $1.03 BillionETH ETFs: $204.90 MillionGlobal MarketsWe begin the week amid rising tariff tensions between the U.S. and the EU. The U.S. has announced it will impose 30% tariffs on goods from the EU and Mexico starting August 1, prompting a retaliatory response from the EU; both developments weighing heavily on global markets. Adding to the uncertainty, the U.S. administration’s calls for Fed Chair Powell’s resignation and threats of dismissal have further increased market stress. This week, investors will closely monitor U.S. inflation data, U.S.–EU trade negotiations, and signals from the ongoing earnings season. The VIX volatility index, which remained subdued throughout most of last week, edged higher on Friday in response to the tariff news but still closed the week lower. This indicates that, for now, market risk perception remains relatively contained.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.02 trillion market capitalization, $164.92 per share, up 0.50%Microsoft (MSFT) → $3.74 trillion market capitalization, $503.32 per share, up 0.37%Apple (AAPL) → $3.15 trillion market capitalization, $211.16 per share, down 0.59%Amazon (AMZN) → $2.39 trillion market capitalization, $225.02 per share, up 1.24%Alphabet (GOOG) → $2.19 trillion market capitalization, $181.31 per share, up 1.46%Borsa IstanbulThe domestic current account deficit fell below expectations at $0.7 billion in May. The 12‑month cumulative deficit rose to $16 billion, while the current account surplus, excluding gold and energy, climbed to $49.5 billion. The data suggest that the deterioration observed in April was temporary and that the overall balance is on an improving path.The BIST‑100 index closed last week with a gain of nearly 1%, with bank and REIT stocks showing notable outperformance, while the telecom sector came under selling pressure. This week brings a packed data calendar. The market will be closed tomorrow due to a public holiday, and we anticipate a slightly weak opening to the week for the BIST.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap 975.69 billion TL, price 291.25 TL, up 2.92%Aselsan Elektronik Sanayi (ASELS) → Market cap 702.24 billion TL, price 154.00 TL, up 0.98%Türkiye Garanti Bankası (GARAN) → Market cap 597.24 billion TL, price 142.20 TL, up 0.21%Koç Holding A.Ş. (KCHOL) → Market cap 419.94 billion TL, price 165.60 TL, up 1.35%Türk Hava Yolları A.O. (THYAO) → Market cap 404.34 billion TL, price 293.00 TL, up 0.69%Precious Metals and Currency PricesGold: 4,344 TLSilver: 50.49 TLPlatinum: 1,814 TLDollar: 40.21 TLEuro: 46.89 TLWe look forward to bringing you the latest updates again tomorrow.
Two Companies Continued to Buy Ethereum and Bitcoin as Prices Rise!
As crypto markets reach all-time highs, large-scale purchases of Ethereum and Bitcoin are attracting attention. Sharplink, a gaming company led by Ethereum co-founder Joseph Lubin, and Japan-based investment firm Metaplanet not only observed this rise but also reinforced their crypto strategies with significant acquisitions.Sharplink Makes Strategic Ethereum PurchaseSharplink Gaming, a company operating in the decentralized finance (DeFi) and gaming software space, added to its Ethereum treasury, purchasing approximately $49 million worth of ETH. According to Arkham Intelligence data, the company transferred 16,374 ETH to its wallet on Sunday afternoon. It was determined that these ETH were recently purchased from Galaxy Digital's over-the-counter (OTC) market. While Sharplink hasn't made an official statement, on-chain analytics platforms like EmberCN suggest the company has reached a total holding of approximately 270,000 ETH. This move comes on the heels of a purchase of 21,487 ETH, or $63.7 million, just days earlier.How did the Ethereum treasury strategy begin?Originally operating as a Minneapolis-based affiliate marketing and iGaming software company, Sharplink launched an Ethereum-centric treasury strategy at the end of May. This strategy was supported by a $425 million private equity sale led by Consensys, a company led by Ethereum co-founder Joseph Lubin. Lubin also serves as Sharplink's chairman of the board.The company positions ETH holdings not only as a financial instrument but also as a means of supporting the long-term strength and decentralization of the Ethereum ecosystem. CEO Rob Phythian clarified this in a statement, saying, "Ethereum is now Sharplink's core treasury asset."Last week, Lubin told CNBC that the company is "buying tens of millions of dollars of ETH every day," emphasizing the continued nature of this strategy. Share price on the riseSBET, the company's Nasdaq-listed stock, closed at $21.65 last week, a 17% increase following the announcement of a previous purchase of 10,000 ETH. This rise was also supported by the fact that ETH reached its highest levels since early February, approaching $2,981 in the market. However, the stock is still 74% below its all-time high of $82. In particular, the false news that Lubin and Consensys had sold shares on June 12 caused a significant collapse in SBET's value.Meanwhile, the Ethereum Foundation is facing investor backlash due to increased sales. Under the new treasury policy announced in June, the annual ETH sales rate was reduced from 15% to 5%. It was also stated that the sales would be conducted with greater transparency and in accordance with "DeFiPunk" principles. Metaplanet Expands Its Bitcoin StrategyWhile these developments are unfolding on the Ethereum front, Japanese investment giant Metaplanet made a major move on the Bitcoin front. The company purchased an additional 800 BTC for approximately $94 million, bringing its total Bitcoin holdings to over 16,000. This latest purchase was made at an average of $117,000 per BTC. The current value of its total BTC holdings is $1.64 billion, and the company's 2025 performance has already yielded a 435% return.Metaplanet, which added 7,400 BTC to its balance sheet in the last month alone, is positioning crypto as a strategic reserve asset, following in the footsteps of institutional players like MicroStrategy. These aggressive purchases reflect the heavy inflows into spot ETFs and institutional interest. In fact, in the last seven days alone, the inflow into spot Bitcoin ETFs has exceeded $2.7 billion. While Metaplanet shares haven't fully reacted to Bitcoin's meteoric rise yet, analysts say the share price has strong upside potential. Its decreasing mNAV (market capitalization/net asset value) makes it attractive to long-term investors.
Crypto Week Begins in the US: Bitcoin Surpasses $123,000! Now the World's 5th Most Valuable Asset
A historic turning point is underway in the cryptocurrency markets. Bitcoin (BTC) surpassed $120,000 late Sunday night, reaching an all-time high. Increasing interest from institutional investors and regulatory changes to be addressed during "Crypto Week" in the US are among the key factors driving this surge.Bitcoin Reaches $123,000Bitcoin surged above $120,000 around 11:40 PM Sunday night, boosting the market. As of writing, it is trading at $123,036, a 3.32% increase. The daily inflow of more than $1 billion into Bitcoin ETFs is noteworthy. Currently, more than 6% of Bitcoin's market capitalization is held through ETFs. Furthermore, one of the most significant developments driving this surge is the CLARITY and GENIUS bills, which will be debated in the US Congress as part of "Crypto Week," which begins today. The CLARITY Act aims to clarify the jurisdiction of institutions such as the SEC and CFTC over crypto assets, while the GENIUS Act aims to establish the legal framework for dollar-denominated stablecoins. Furthermore, signals of a potential interest rate cut from the US Federal Reserve are among the other macro factors supporting the rise.Liquidations Break RecordBitcoin's rapid rise has also had a significant impact on futures markets. In the last 24 hours, $680 million worth of positions were liquidated in the crypto market. According to JrKripto data, $614 million of this came from short positions. The largest single liquidation was a $92.5 million BTC short position on the HTX exchange. This wave of liquidations wasn't limited to Bitcoin. Ethereum experienced a $68 million forced closure, XRP a $17 million closure, while altcoins such as XLM, PEPE, DOGE, and SUI also saw heavy trading volume. Bitcoin is now the world's fifth most valuable asset.Bitcoin's market capitalization has surpassed $2.4 trillion, surpassing Amazon, Google, and silver. Currently, only gold, NVIDIA, Microsoft, and Apple have a larger market capitalization than BTC. Vincent Liu of Kronos Research describes this rally as an "infrastructure-driven" rally, adding: "ETFs, policy momentum, and abundant liquidity combined to create this picture."According to Liu, BTC could test the $130,000 to $150,000 range by the end of the year. However, reaching these levels will depend on whether retail investors re-enter the market.Altcoins are also on the riseThe Bitcoin-fueled rally led Ethereum to rise above $3,000, while XRP rose 4.82 percent to $2.91, and Solana rose 3.21 percent to $165.9. According to market analysts, this rally is likely to strengthen further in the coming weeks if ETF inflows continue and crypto-friendly regulations come from the US.
Daily Market Summary with JrKripto July 11, 2025
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin's all‑time high continues to climb, with the latest peak reaching $108,404 today. The likelihood of this level increasing further in the coming hours and days remains strong, supported by a surge in trading volume that we haven’t seen in quite some time. Overall, the prevailing sentiment around BTC appears firmly positive.Ethereum has also achieved its long‑anticipated $3,000 milestone. This upward movement signals that it’s not just Bitcoin, but the broader market, especially ETH, that is currently in a strong bullish phase.Crypto NewsTRUMP said the following in a post on TRUTH SOCIAL: "Stocks and cryptocurrencies have reached all‑time highs. This strength demonstrates the robustness of the economy. The Fed should swiftly lower interest rates to reflect this strength."Robinhood officially launched $ETH and $SOL staking in the US.Fed member Waller: Stablecoins will increase competition in payment systems.Fed member Daly: The economy is in good shape, with strong growth and employment. Inflation is falling. Monetary policy remains restrictive.Fed member Daly: I'm considering a rate cut in the fall.CryptocurrenciesTop Gainers:M → Up 50.7% to $0.56798979MOG → Up 29.5% to $0.00000166ENA → Up 27.3% to $0.37180338SNEK → Up 27.1% to $0.00275231B → Up 24.4% to $0.46838309Top Fallers:USELESS → Down 6.5% to $0.27971634ZBCN → Down 6.0% to $0.00344617TKX → Down 4.1% to $12.12VENOM → Down 0.7% to $0.22752356USDY → Down 0.5% to $1.09Fear Index:Bitcoin: 70 (Greed)Ethereum: 58 (Greed)Dominance:Bitcoin: 64.65% ▼ 0.03%Ethereum: 9.97% ▼ 0.21%Total Daily Net ETF InflowsBTC ETFs: $1.18 BETH ETFs: $383.10 MGlobal MarketsUS stock indices broke records ahead of the earnings season, driven by generally positive sentiment. The S&P 500 rose 0.27%, the Dow Jones Industrial Average rose 0.43%, and the Nasdaq rose 0.09%. Tariff‑related risks remained in the background in the markets, while investors focused on corporate balance sheets. The VIX volatility index fell 0.2 points to 15.8.In the US, unemployment benefits applications for the week ending July 5 fell short of expectations at 227,000. This data suggests a continued strong outlook in the labor market. However, ongoing applications reached their highest level since November 2021, indicating that companies are being cautious in hiring new employees.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4 T market cap, $164.10 per share, up 0.75%Microsoft (MSFT) → $3.73 T market cap, $501.48 per share, down 0.40%Apple (AAPL) → $3.17 T market cap, $212.41 per share, up 0.60%Amazon (AMZN) → $2.36 T market cap, $222.26 per share, down 0.13%Alphabet (GOOG) → $2.16 T market cap, $178.70 per share, up 0.59%Borsa IstanbulDomestic industrial production for May increased by 3.1% month‑over‑month and 4.9% year‑over‑year. While capital goods were particularly prominent in this strong increase, there were also increases in sectors related to construction, as well as textiles and clothing. Balance of payments, retail sales, turnover, and foreign‑trade indices will be released today. The current‑account deficit is expected to reach around $1 billion in May.Borsa Istanbul continued its rise, fueled by positive expectations for President Erdoğan's statements this weekend. It is rumored that the announcement may include new steps in both domestic politics and relations with the US. With positive data in industrial production, the upward trend in the BIST is expected to continue today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market cap 948.05 B TL, 283.00 TL per share, 0.00% changeAselsan Elektronik Sanayi (ASELS) → Market cap 695.4 B TL, 152.3 TL per share, down 0.13%Türkiye Garanti Bankası (GARAN) → Market cap 595.98 B TL, 143.5 TL per share, up 1.13%Koç Holding A.Ş. (KCHOL) → Market cap 414.37 B TL, 164.7 TL per share, up 0.80%Türk Hava Yolları A.O. (THYAO) → Market cap 401.58 B TL, 294.75 TL per share, up 1.29%Precious Metals and Currency PricesGold: 4,309 TLSilver: 48.42 TLPlatinum: 1,774 TLUS Dollar: 40.16 TLEuro: 46.97 TLWe look forward to bringing you the latest updates again tomorrow.
