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.
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.
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.
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.
This research is for informational use only. This is not investment advice. Other than disclosures relating to Secure Digital Markets this research is based on current public information that we consider reliable, but we do not represent it is accurate or complete, and it should not be relied on as such. The information, opinions, estimates, and forecasts contained herein are as of the date hereof and are subject to change without prior notification. We seek to update our research as appropriate.
Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. The price of crypto assets may rise or fall because of changes in the broad market or changes in a company's financial condition, sometimes rapidly or unpredictably. Past performance is not a guide to future performance, future returns are not guaranteed, and a loss of original capital may occur. Fluctuations in exchange rates could have adverse effects on the value or price of, or income derived from, certain investments. We and our affiliates, officers, directors, and employees, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in this research.
The information on which the analysis is based has been obtained from sources believed to be reliable such as, for example, the company’s financial statements filed with a regulator, company website, company white paper, pitchbook and any other sources. While Secure Digital Markets has obtained data, statistics, and information from sources it believes to be reliable, it does not perform an audit or seek independent verification of any of the data, statistics, and information it receives.
Unless otherwise provided in a separate agreement, Secure Digital Markets does not represent that the report contents meet all of the presentation and/or disclosure standards applicable in the jurisdiction the recipient is located. Secure Digital Markets and their officers, directors and employees shall not be responsible or liable for any trading decisions, damages or other losses resulting from, or related to, the information, data, analyses, or opinions within the report.
Crypto and/or digital currencies involve substantial risk, are speculative in nature and may not perform as expected. Many digital currency platforms are not subject to regulatory supervision, unlike regulated exchanges. Some platforms may commingle customer assets in shared accounts and provide inadequate custody, which may affect whether or how investors can withdraw their currency and/or subject them to money laundering. Digital currencies may be vulnerable to hacks and cyber fraud as well as significant volatility and price swings.
Sign up to receive more exclusive market coverage:
Start trading with Secure Digital Markets today by e-mailing:
trading@securedigitalmarkets.com