Crypto Lake

🟢 SBI Holdings Plans Bitcoin/XRP ETF Launch in Japan 📈 SBI Holdings, a Japanese financial services group, has announced its intention to launch a bitcoin/XRP exchange-traded fund (ETF) on the Tokyo Stock Exchange. However, this launch is dependent on the approval from Japan's Financial Services Agency (FSA) for cryptocurrency-linked investment trusts and ETFs. 💰 In its Q2 financial results, SBI also revealed plans for a gold and crypto asset fund. The proposed SBI Fund of Crypto-Asset ETFs will allocate 51% of its assets to gold ETFs and the remainder to bitcoin ETFs. Additionally, there is a proposal for a new SBI bitcoin/XRP ETF that would invest in bitcoin and XRP, among other assets. 🔍 Since 2022, the FSA has been reviewing its regulatory framework for crypto-assets and stablecoins to ensure financial stability and user protection. This reflects Japan's commitment to balancing innovation with oversight in crypto regulation. ⚖️ SBI Holdings also addressed the current regulatory environment in Japan, noting the discrepancy between the definition of crypto assets as "payment instruments" under the Payment Services Act and their treatment as an investment asset class. The company pointed out that capital gains from crypto assets are classified as "miscellaneous income" and subject to a progressive tax of up to 55.95%. To resolve this, SBI proposes reclassifying crypto assets as financial instruments equivalent to securities to eliminate tax discrepancies. 🌐 Regarding stablecoins, SBI Holdings expressed its desire for eased regulations on overseas-issued stablecoins to promote their use in inter-corporate transactions.

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📉 Bitcoin's Market Dynamics: A Balancing Act Between Bullish and Bearish Signals 📊 As of August 3, 2025, Bitcoin is trading between $113,924 and $114,016, with a market capitalization of $2.26 trillion and a 24-hour trading volume of $32.42 billion. The cryptocurrency has experienced an intraday range of $112,113 to $113,981, highlighting ongoing volatility among traders. 📉 The daily chart indicates that Bitcoin is undergoing a technical pullback after a sharp rally that peaked near $123,236. This descent is characterized by increasing sell volume and bearish candles, suggesting exit activity from long positions. Support is found around $105,130, but further correction remains a possibility. Key indicators such as the relative strength index (RSI) at 46 (neutral) and the moving average convergence divergence (MACD) showing a bearish crossover at 433 reinforce this outlook. 📈 On the four-hour chart, the trend appears to be stabilizing after a drop to $111,919 which prompted a small rebound. Candle patterns indicate demand near $112,000, and if a higher low confirms, traders may consider entering between $113,000 and $113,500, targeting the $116,000–$117,000 resistance zone. However, the Stochastic at 14 and average directional index (ADX) at 21 remain neutral, signaling limited trend strength. 📈 The one-hour chart presents a more positive view, with Bitcoin recovering from its $111,919 low to a recent high of $114,227. A series of higher lows and dominant green candles indicate a micro-uptrend. Despite subdued volume, price action shows strength, supported by momentum indicators suggesting a possible short-term entry window. 📊 From a broader technical perspective, moving averages provide a mixed view. Short-term moving averages indicate sell signals, while longer-term moving averages still show buy signals. This divergence suggests a corrective phase within a longer-term bullish trend, indicating caution for swing traders and opportunities for tactical intraday plays.

➡️ U.S. Lawmakers Explore Argentina's Crypto Landscape ♾ A delegation of U.S. lawmakers recently visited Argentina to assess the country's cryptocurrency ecosystem and its regulatory framework. Led by French Hill, Chairman of the House Financial Services Committee, the group included Representatives Don Davis, Warren Davidson, Janelle Bynum, Troy Downing, and Tim Moore. They met with President Javier Milei to discuss shared challenges in crypto regulation. ➡️ During their meeting, the lawmakers aimed to explain the Genius and Clarity Act while gaining insights into Argentina's crypto landscape. A local source noted,

“The idea is to explain what the Genius and Clarity Act are, understand the ecosystem, its players, and the main problems and challenges,”

highlighting the focus on understanding rather than targeting specific crypto companies. 🏦 The delegation also engaged with the Argentine Fintech Chamber and Lemon, one of the country's largest crypto exchanges. Discussions revolved around regulatory advancements, cryptoassets, and the tax treatment of digital assets. A key point raised was who bears the tax burden—users or companies. Local media reported that the lawmakers were surprised to learn that companies shoulder this burden. 🟢 Lemon is advocating for an upgrade to the tax treatment of crypto assets in Argentina as Congress prepares to discuss comprehensive regulatory reforms. This visit underscores the growing interest in stablecoin adoption and the need for collaborative efforts in shaping effective regulatory frameworks.

🚀 Crypto Week: Legislative Milestones and Ethereum's Rise ➡️ Earlier this month, House Republican leadership declared the week of July 14 as "Crypto Week." This declaration proved significant as three major crypto bills were passed by the U.S. House of Representatives: the GENIUS Act (passed 307–122), the CLARITY Act (passed 294–134), and the Anti-CBDC Surveillance State Act (passed 219–210). The GENIUS Act is set to be signed by the President, while the CLARITY Act moves to the Senate for further consideration. 💼 In other news, President Trump is reportedly preparing an executive order to allow investments in gold, private equity, and cryptocurrencies like bitcoin within 401(k) plans. Despite speculation about Trump potentially firing Federal Reserve Chairman Jerome Powell, he clarified that he does not plan to remove Powell. 📈 While bitcoin consolidated around $117K after reaching an all-time high, Ethereum experienced a surge in price and positive news. Key highlights for Ethereum included Trump's upcoming executive order, the passage of the Genius Act, BlackRock's filing for ETH staking for its ETF, and record inflows into ETH ETFs totaling $727M.

Once the GENIUS Act becomes law, ethereum stands to gain significantly, as it still hosts the largest amount of stablecoins and remains the home of DeFi.

📊 As Ethereum surged, altcoins also saw gains. Bitcoin dominance fell from 66% to about 61.5%, with XRP reclaiming its all-time high and XLM rising over 100% since July. The Pump ICO raised $600 million in just 12 minutes, becoming the third most successful ICO in history. 📉 In traditional finance, a Goldman Sachs report indicates that meme stocks have outperformed the broader market by 30% since April. As earnings season progresses, positive surprises from companies could lead to increased equity exuberance that may spill over into the crypto market. However, expectations remain cautious, and mixed data so far has not significantly impacted equities or crypto.

📈 JPMorgan Highlights Stablecoin Integration and Tokenization Trends 🌐 According to a Bloomberg report, JPMorgan strategists have observed a growing convergence between digital assets and traditional finance. They emphasized two key developments: the integration of stablecoins into mainstream financial systems and the increasing tokenization of real-world assets (RWAs). 🟢 This discussion comes in light of a recent partnership between Goldman Sachs and Bank of New York Mellon to tokenize shares of money-market funds. JPMorgan described this deal as a

significant leap forward

for the over $7 trillion money-market fund sector, highlighting its potential to enhance liquidity and efficiency while maintaining regulatory safeguards. 💵 Stablecoins, which are blockchain-based tokens pegged to fiat currencies like the U.S. dollar, processed over $27 trillion in volume in 2024, surpassing the combined volumes of Visa and Mastercard. JPMorgan noted that their integration with banks, payment firms, and regulatory frameworks indicates growing institutional confidence. 💳 Major companies such as Visa, Mastercard, and Paypal have begun using stablecoins for settlements. Additionally, the U.S. Senate’s GENIUS Act in 2025 provided a clearer legal framework for these assets. Despite its previous skepticism, JPMorgan has initiated several blockchain projects through its Kinexys unit. These include JPMD, a tokenized deposit for institutional clients on Coinbase’s Base chain, and the Tokenized Collateral Network (TCN) that allows real-world assets to serve as blockchain-based collateral. 🌍 The report also highlights that JPMorgan views tokenization as a means to extend Wall Street infrastructure to wider markets. Global institutions are now utilizing tokenized U.S. Treasuries for easier access to dollar exposure, with firms like Blackrock and Franklin Templeton offering tokenized money-market funds. ⚠️ However, JPMorgan remains cautious about the future of stablecoins. While some analysts predict that stablecoins could evolve into a trillion-dollar asset class, the bank anticipates a more conservative market size of $500 billion by 2028. This outlook is attributed to potential regulatory challenges and geopolitical complexities.

$KERNEL is positioned as the next major rotation in DeFi and it’s not just price action, it’s flow. Most of the market’s in pullback mode: - ETH, SOL, and majors are range-bound or down. - LRTs like EigenLayer are down 13–15%. - Memes are retracing across the board. But a few assets are doing something different. $KERNEL is one of the only DeFi tokens posting a +7% move in this chop and it’s not hype-driven. It’s capital rotation. Why? Look at what’s behind it: - Kernel already has $2B+ in TVL across its ecosystem, that’s not speculative. - It’s the #1 restaking infra on BNB Chain, and #2 LRT infra on Ethereum, real traction across chains. - 25+ AVS/DVN integrations, 50+ protocols secured. - 8 major exchange listings already live. - About to go live with stablecoin vaults + RWA exposure, real yield, not narrative play. What this tells me: Big players are rotating into Kernel because it has distribution, product-market fit, and infra dominance on chains others aren’t even building on yet. This isn’t “next EigenLayer”. It’s something different. Kernel is expanding restaking to an entirely new surface area - BNB, RWA, infra apps. All secured by a shared base layer. You’re not early to restaking anymore. But you’re still early to the next restaking layer that scales beyond Ethereum. If you missed EigenLayer at $100M TVL — this is your replay button. https://kerneldao.com/restake/?utm_source=Mountains

🚀 Bitcoin's Record Surge: Binance Dominates the Market 📈 This month, bitcoin soared past $120,000, reaching an all-time high and sparking significant activity in both spot and derivatives markets. Binance emerged as the leader in this surge, dominating trades in bitcoin and altcoins, according to Cryptoquant data. 📊 Spot trading intensified on July 13 and 14 as bitcoin approached its previous peak. Binance's bitcoin spot volume increased dramatically from $3.1 billion to $8.4 billion, nearly tripling. Other exchanges also experienced a rise in volume, growing from $5 billion to $12.7 billion, a 2.6 times increase. 💥 Altcoins saw similar activity, with Binance's altcoin spot volume rising from $11.5 billion on July 13 to $20.4 billion on July 14—a 77% increase. Combined altcoin volumes on other centralized platforms grew from $22.3 billion to $33.6 billion, marking a solid 51% gain. 📈 Binance not only increased its volume but also gained market share. Its share of the total bitcoin spot market grew from 39% to 48% the day after the record high. Similarly, Binance's share of altcoin trading volume jumped from 34% to 47% during this period. 🏆 By July 18, Binance held 52.6% of all bitcoin spot trading and 49.41% of altcoin trading, leaving competitors like Bybit (11.67% for bitcoin, 8.11% for altcoin), OKX (6.9% for bitcoin, 7.88% for altcoin), and MEXC (2.98% for bitcoin, 10.4% for altcoin) far behind. 📈 The excitement extended to derivatives markets as well. When bitcoin reached its peak, open interest in perpetual futures across centralized platforms hit a new high of $43 billion. Binance led with $14.1 billion in open interest, followed by Bybit and Gate each near $9 billion. 📈 In the 30 days leading up to the peak, Binance saw the largest cumulative open interest increase at $3.6 billion. This surge indicated more money flowing into derivatives as traders anticipated even higher prices. 📉 Even after bitcoin surpassed $120,000, Binance maintained its momentum. On July 15, its 24-hour bitcoin spot volume reached $8.8 billion, while other exchanges experienced a 25% decline to $9.5 billion. This suggests that Binance not only attracted new users during the rally but also retained its trading activity as others slowed down.

🚀 US Legislation Sparks New Era in Crypto and Blockchain Innovation 🌟 The United States has ushered in a new era of crypto dominance with the recent passage of landmark legislation that aims to transform finance, healthcare, and the global digital economy through blockchain and AI. The GENIUS Act, signed into law by President Donald Trump on July 18, establishes the first comprehensive federal regulatory framework for payment stablecoins in the U.S. This legislation mandates strict reserve requirements, regular public disclosures, and robust consumer protections to solidify the U.S. dollar’s role in the digital asset space. 💬 Robinhood CEO Vlad Tenev expressed optimism about this development, stating,

It’s incredibly significant. I think it shows that this country is ready to take the lead globally with digital assets, and it should be in the lead.

He emphasized that digital assets and artificial intelligence are frontier technologies that will shape the future of every industry. 🔗 Tenev highlighted the importance of foundational technologies like stablecoins, which digitize dollars and U.S. Treasuries, serving as a gateway to wider tokenization. He believes that the GENIUS Act paves the way for the entire financial system to eventually be powered by crypto technology, leading to greater value for users and improved economics. ➡️ In addition to the GENIUS Act, the Digital Asset Market Clarity (CLARITY) Act recently cleared the U.S. House. This legislation aims to resolve jurisdictional ambiguity by clearly assigning digital asset oversight between the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC). It seeks to provide the regulatory certainty that industry stakeholders have called for, strengthening the legislative foundation for the country’s digital asset strategy. ➡️ The GENIUS Act has been welcomed by industry leaders as a critical step toward mainstream integration of crypto. By combining compliance with innovation, this legislation could advance real-world use cases while preserving American competitiveness in a rapidly evolving digital economy.

💰 BigONE Exchange Reports $27 Million Loss from Security Breach 🚨 Cryptocurrency exchange BigONE has confirmed a significant $27 million loss due to a third-party attack on its hot wallet on July 16. The incident was highlighted by blockchain security firm Slowmist, which warned of a compromise to the exchange's production system. This breach allowed the attacker to modify operating logic on account and risk control-related servers, facilitating the theft of funds. 🔍 In response to the attack, BigONE stated that it quickly identified and contained the breach. The exchange assured its users that all private keys remained secure and that no further losses were anticipated. BigONE is working closely with SlowMist to trace the hacker's addresses and monitor fund movements. 💼 The exchange committed to fully compensating affected users, stating,

BigONE will fully cover all losses incurred from this incident. User assets will not be affected in any material way.

To support this, BigONE activated its internal security reserves, including BTC, ETH, USDT, SOL, and XIN, to replenish user funds. 🔄 For other tokens impacted by the breach, BigONE is seeking external liquidity through borrowing mechanisms to restore the platform wallet swiftly. The exchange indicated that system recovery efforts were underway, with deposit and trading services expected to resume shortly. However, withdrawal functions would be reinstated only after additional security measures were implemented. ✅ In a subsequent update, BigONE announced the successful completion of a system upgrade and the full restoration of deposit and trading services. The withdrawal and OTC functions would be re-enabled once the system's stability was confirmed.

🔥 24-HOUR COINSRUN CHALLENGE IS ON! 🔥 Welcome to the hottest Telegram game in Web3 — @CoinsRun. Join now and compete to win! 🕹️💰 🎯 The top 5 players who collect the most coins in a single run will each win $30 USDT! How to enter: ✅ Play the CoinsRun game ✅ Collect the maximum number of coins in one run ✅ Drop your username in the comments You've got just 24 hours to race to the top — good luck! 🏁 Let’s see who’s got the fastest fingers in Web3 👀 🥇Run, Collect and Win: http://bit.ly/4ltJBS3 Telegram | Chat ENG | X (Twitter)

🌐 The Convergence of Crypto Payments and AI: A New Era in Web3 Ecosystems 🔗 The crypto payments landscape is evolving as it merges with artificial intelligence (AI) technologies. A report by Oak Grove Ventures explores this shift through three case studies: Crossmint’s collaboration with Boba Guys, AEON’s crypto-native payment protocol for AI agents, and Gaia Network’s partnership with MoonPay. These examples illustrate how technology integration is transforming payment processes and user interactions. 🔄 At the heart of this transformation is a new logic: AI enhances payment systems with dynamic decision-making, while blockchain provides a secure execution environment for AI agents. This creates a closed loop of “data on-chain → intelligent processing → value transfer.” The AI agent market is expected to grow significantly, from $5.1 billion in 2024 to $47.1 billion by 2030, with a compound annual growth rate (CAGR) of 44.8%. As a value carrier for AI, crypto payments are redefining user interactions in Web3 and driving the digital transformation of traditional sectors. 🌍 This trend highlights how technological collaboration is bridging the gap between on-chain and off-chain worlds. Crypto payments connect data value while AI facilitates intelligent alignment between assets and behavior. We are approaching a tipping point in realizing the vision of a value internet—moving from concept to large-scale application. 👉 For a deeper understanding of the case studies, industry challenges, and future prospects of this integration, click on the original link to access Oak Grove Ventures’ comprehensive research.

💱 Russian Diplomat Blames Biden for Dollar's Decline ➡️ A senior Russian diplomat has attributed the declining dominance of the U.S. dollar in global finance to former President Joe Biden. Maria Zakharova, spokesperson for the Russian Foreign Ministry, accused the Biden administration of using payment systems as instruments of political coercion. 📉 In a briefing on July 9, Zakharova claimed that Biden's administration intentionally isolated countries from U.S.-based financial systems, including those that excluded Russia. She argued that this strategy backfired, leading nations to seek alternatives to the dollar.

the dollar’s weakening status is “the direct accomplishment” of Biden’s leadership

she stated, emphasizing that it is not merely a spontaneous global shift. 🌍 Addressing rumors about BRICS eliminating the dollar, Zakharova clarified that discussions within the group focus on financial inclusivity rather than currency replacement. She asserted that the dollar no longer holds an unchallenged reserve status and expressed support for a multi-currency system that ensures fair access to legal trade settlements.

🚨 Breaking: 📢 Trump Announces 25% Tariffs on Japan and South Korea, BTC Price Reacts 📊 👉 Read more

➡️ Bitcoin Developer's Arrest Over Neighbor Dispute in El Salvador ♾ Jon Atack, a long-time Bitcoin Core developer, was recently arrested in El Salvador after his neighbor accused him of insulting her during a land dispute. He faced potential imprisonment of up to eight years due to a peculiar aspect of Salvadoran law, the "Special Comprehensive Law for a Life Free of Violence for Women" (Ley Especial Integral para una Vida Libre de Violencia para las Mujeres) or LEIV, which was enacted in 2011 to protect women against femicide and domestic violence.

“This was about land,” Atack explained in a series of posts on X. “The neighbors have been in a bitter fight with the seller of my land and another lawsuit is beginning,”

he said. 💼 Atack had purchased a piece of land from a Salvadoran seller, despite his neighbors being involved in a legal dispute with that seller over ownership. On the day of the transaction, the neighbors convinced a judge to seize part of the property. Confused by this seizure, Atack approached his neighbors to resolve the issue.

“I proposed we inform the judge of the mistake, liberate the land, and that I not be drawn into the legal conflict between them and the seller. That it would be dumb to litigate for this,”

Atack recounted.

“She then called the police to say that I had insulted her, calling her stupid.”

⚖️ Under Article 55 (c) of LEIV, insulting a woman can be considered verbal or emotional abuse punishable by a fine or imprisonment. Atack's lawyer warned him that he could face serious consequences, including several days in jail and up to eight years in prison if found guilty.

⚖️ Bitcoin's Resilience Amidst Global Tensions 🌍 Last week, despite intense global headlines about nuclear threats, trade disputes, and political turmoil, Bitcoin remained relatively stable with only a slight decline. It started the week strong but ended approximately 3.5% lower than the previous Friday as attention shifted towards geopolitical and macroeconomic factors. ⚡️ On June 1, 2025, tensions escalated when Ukraine's SBU launched Operation Spiderweb, targeting Russian bombers. This prompted a warning from Kremlin spokesman Dmitry Peskov about potential retaliation. The framing of this incident by Western media as daring rather than reckless raises concerns about the risk of nuclear escalation and its implications for international shipping. 📉 The U.S.-China trade relationship also deteriorated, with Washington accusing Beijing of violating a recent tariff rollback deal. This ongoing tension is straining supply chains, evidenced by a 57% increase in container freight costs from Shanghai to LA. American automakers have urged the government to address China's rare-earth export restrictions to prevent parts shortages. 💔 Additionally, a public feud between Donald Trump and Elon Musk unfolded on social media. However, some see a silver lining in this conflict for Bitcoin, suggesting that Musk's comments could indicate a shift towards becoming a Bitcoin advocate. 📊 Despite these challenges, Bitcoin's 3.5% decline seems modest in light of the surrounding uncertainties. There are bullish arguments for Bitcoin that have been discussed extensively. Ram Ahluwalia, CEO of Lumida, summarized the situation well:

These geopolitical risks are nothing burgers… Just zoom out. What drives asset prices, especially stock prices, is earnings growth.

He pointed out recent 12% year-over-year earnings growth, stabilizing interest rates, and improving inflation metrics as reasons for optimism. ♾ In conclusion, while last week was tumultuous for global affairs, Bitcoin took a brief pause. However, there is an expectation for Bitcoin to regain its prominence soon as the macro landscape continues to evolve.

📈 Record Highs in Stock Markets Amid Bitcoin Stagnation 📊 Stock markets reached unprecedented levels on Friday, with the S&P 500 and Nasdaq closing at all-time highs. Despite this surge, Bitcoin's price remained relatively stable. Bitcoin treasury companies like Strategy and Metaplanet have been aggressively purchasing Bitcoin, yet its value has seen little movement. ⚡️ Over the weekend, U.S. President Donald Trump achieved some victories. He halted all trade talks with Canada until Prime Minister Mark Carney retracted the controversial digital services tax on American tech companies. This tax was set to be implemented on Monday but has now been officially withdrawn. Trade negotiations between the U.S. and Canada are expected to resume soon.

ONE GREAT BIG BEAUTIFUL BILL, is moving along nicely,” Trump wrote on Truth Social. “MAKE AMERICA GREAT AGAIN!

📉 Despite these developments in the stock market and political arena, Bitcoin has been trading within a narrow range. Over the past 24 hours, its price fluctuated between $106,759.65 and $108,798.79. At the time of reporting, it dipped slightly to $107,142.61 but remained up 5.33% over the past week. Trading volume increased by 25.4% to $39.8 billion, primarily due to a typical post-weekend surge. Market capitalization rose by 0.74% to $2.12 trillion and Bitcoin dominance increased by 0.07% to 65.41%.

Futures open interest fell 2.17% to $71.92 billion, suggesting less leveraged speculation.

➡️ Ben Perrin's YouTube Account Suspension: A Cautionary Tale ♾ Ben Perrin, a well-known Bitcoin educator and host of the YouTube channel "BTC Sessions," experienced a shocking moment during a live stream on X when his account was suspended. He remarked,

I think that the channel just got cut from Youtube. It’s telling me that my Youtube channel is gone with no warning whatsoever.

This abrupt action was attributed to a potential violation of YouTube's policy on "dangerous and harmful content." 🔄 After raising awareness about this incident on X, which he deemed an "unbelievable" error by YouTube, Perrin's account was reinstated. YouTube acknowledged the mistake, stating,

This was a mistake on our end and your channel has been reinstated. We’re very sorry for the frustration this caused. Your videos and content will reappear within 24-48 hours.

📈 Following this experience, Perrin is considering a shift to Rumble, a competing streaming platform known for its commitment to free speech.

🛡 Rethinking Passwords: A Call for a Privacy-First Approach 🔒 The recent data breach exposing 16 billion login credentials has ignited a debate about the future of passwords. While security experts recommend immediate password changes, some argue that this reactive approach does not provide real protection against future breaches. Instead, they advocate for a shift away from centralized databases towards a privacy-first mindset that utilizes decentralization. 🗣 Shahaf Bar-Geffen, CEO of COTI, emphasizes that the traditional trust-based model is inadequate for the online world. He states,

The traditional, trust-based world is not suited to the online world, and yet it’s still the dominant mode of operation.

Nanak Nihal Khalsa, co-founder of Holonym, echoes this sentiment, pointing out that companies continue to rely on centralized models because they are cheap and convenient. He argues,

The problem is companies are still using these instead of decentralized alternatives because they are cheap and convenient.

⚡️ One potential solution is the use of decentralized and encrypted data accessed through innovations like Zero-Knowledge Proofs (ZKPs) and Homomorphic Encryption. However, the relevance of passwords in an era of sophisticated cybercriminals is increasingly questioned. Khalsa notes that while there has been talk of eliminating passwords for a decade, no clear alternative has emerged. He points out that

passkeys are typically synced in our cloud accounts that ultimately rely on passwords.

🌐 Despite these challenges, Bar-Geffen believes that tools like decentralized identity, ZKPs, and crypto wallets can provide secure, user-controlled access. However, he stresses the importance of getting companies, governments, and users to adopt a privacy-first approach. He warns that with the rise of artificial intelligence (AI) and the potential for increased data breaches,

we could even see the internet rendered unusable without a new model for privacy.

💰 Bitcoin's Resilience Amid Global Tensions 📉 Bitcoin (BTC) maintained its position above $100,000 for over 40 days but ended the week at $103,355, reflecting a 1.3% decline. In contrast, Bitcoin Cash (BCH) outperformed the market with a nearly 10% increase, reaching over $476. 🌍 Despite escalating conflicts between Israel and Iran that rattled markets, BTC remained relatively stable. It experienced an upward trend at the beginning of the week, peaking just under $109,000 on June 16. However, it dropped to $103,645 within 24 hours before stabilizing between $104,000 and $105,000 for the next three days. 🏦 During this period, the U.S. Federal Reserve, led by Jerome Powell, decided to keep interest rates unchanged. This decision sparked frustration from the U.S. President. However, comments from Federal Governor Christopher Waller suggesting a potential rate cut in July pushed BTC past $106,000 on June 20. This surge was short-lived, as the cryptocurrency fell to $103,000 shortly after. 📉 Other major digital assets also closed the week lower, with Hyperliquid experiencing the steepest decline at 19%. AVAX and SUI dropped by 9.9% and 10% respectively, while DOGE fell by 9.2%. ADA saw a significant decrease of 8.6%, ending the week at $0.5744. 📈 On the other hand, BCH emerged as a leader among gainers, rising nearly 10% and closing just above $476. Since hitting a low of $382.22 on June 5, BCH has surged by almost 24%, making it one of the top-performing digital assets in June. 🌟 Other notable gainers for the week included WBT with over 25% growth, SEI at 28%, and KAIA rising by 26%. SNTR was the standout performer, skyrocketing by nearly 800%, while ZKJ faced the largest drop, plummeting by 85%.