Crypto market roundup: Fed moves, exchange changes, major institutional buys and token listings
Key crypto and macro updates: Trump touted a 15% growth target for a potential Fed under nominee Kevin Walsh, increasing political pressure on the Fed. Fed Governor Christopher Waller said a “streamlined master account” proposal may be finalized by year-end and noted that recent sell-offs have cooled crypto enthusiasm tied to the current US administration. Hong Kong broker Victory Securities suspended crypto trading for mainland Chinese ID users, keeping withdrawals only. Crypto.com will roll out ai.com products to queued users within 48 hours. MrBeast is acquiring teen banking app Step. Coinbase’s Base App will end its creator rewards to focus on tradable assets. CME launched ADA, LINK and XLM futures. MegaETH mainnet and front-end The Rabbithole went live. Backpack published a 1B-token tokenomics plan (25% TGE). Bitwise listed five crypto ETPs on Borsa Italiana. TON Foundation released TON Pay SDK to accept crypto payments in Telegram. Binance Alpha announced a COAI airdrop and Binance Wallet opened a Prime Sale Pre-TGE for Espresso (ESP). Stripe is arranging an offer to reach a $140B+ valuation. Market moves: Strategy (Michael Saylor) bought 1,142 BTC (~$90M); Bitmine bought ~40,613 ETH in one week; Metalpha may allocate up to 20% of annual net profit to BTC; miner Cango sold 4,451 BTC for ~$305M in USDT to repay loans. Bernstein reaffirmed a $150k BTC 2026 target; market fear index hit historic lows (extreme fear). On-chain flows: large wallets (1k–100k BTC) bought ~40k BTC; addresses holding RVV moved 53.54% of supply ahead of delisting; Hyperliquid’s nominal volume surpassed Coinbase. Major stablecoin/treasury notes: USDC minting on Solana; Forbes reported Binance holds ~87% of USD1 circulating supply. Multiple listings, product launches and fundraising reports (Backpack seeking $50M at $1B pre-money). Overall, the updates span regulation, exchanges, institutional flows and product launches with direct trading implications for BTC, ETH and several altcoins.
Neutral
The bulletin mixes bullish and bearish signals, so overall market impact is neutral. Bullish elements: large institutional buys (Strategy, Bitmine), new product launches (TON Pay, MegaETH, ai.com), CME listing of ADA/LINK/XLM and Bitwise ETP listings increase infrastructure and demand. Bernstein’s $150k BTC target supports long-term bullish narratives. Bearish elements: regulatory pressure and uncertainty (Fed political pressure, Hong Kong broker restricting mainland users), large token dumps and exchange delisting risks (RVV transfers), miner and company sales of BTC to repay loans, and extreme market fear metrics which can amplify short-term volatility. Historical parallels: past cycles show that large institutional accumulation amid high fear often precedes medium-term recoveries (e.g., 2020–21 accumulation), while forced selling and delisting announcements have caused sharp short-term drawdowns (e.g., 2022 exchange/regulatory shocks). Trading implications: expect elevated short-term volatility in BTC and ETH around on-chain flows, delisting events and airdrops; opportunities for mean-reversion trades as fear metrics are extremely low, but risk management is essential given regulatory and liquidity-driven sell pressure. Longer term, infrastructure expansion (futures, ETPs, payment SDKs) supports improved liquidity and institutional adoption, which is constructive for prices assuming regulatory shocks are contained.