Key TakeawaysMajor ARK Purchase: Cathie Wood’s ARK Invest acquired 2.53 million Bullish shares worth about $172 million across three ETFs.Strong Market Debut: Bullish stock surged 83.8% on its first day, closing at $68 with a market cap over $10 billion.Crypto IPO Momentum: Bullish joins Circle and other high-profile crypto firms in delivering triple-digit first-day gains.Cathie Wood’s ARK Invest made a significant bet on newly listed crypto exchange Bullish, scooping up $172 million worth of shares as the stock soared in its market debut.According to ARK’s daily trade filings, the firm purchased 2.53 million shares across three ETFs on Wednesday:ARK Innovation ETF (ARKK): 1,714,522 sharesARK Next Generation Internet ETF (ARKW): 545,416 sharesARK Fintech Innovation ETF (ARKF): 272,755 sharesAt Bullish’s closing price of $68, the total purchase amounted to $172 million.Bullish IPO Surges Past ExpectationsBullish shares skyrocketed 83.8% from their IPO price of $37, closing with a $10+ billion market capitalization. The stock opened at $90, hit an intraday high of $118 — more than 215% above its IPO price — before settling lower.In after-hours trading, shares climbed another 11.2%.The Cayman Islands-based company raised $1.1 billion by selling 30 million shares at a price above its earlier $32–$33 guidance, according to Reuters.This marks Bullish’s second attempt at going public after a 2021 SPAC deal collapsed amid tightening monetary policy. The exchange operates through subsidiaries in Hong Kong, the Cayman Islands, Singapore, the UK, Germany, and Gibraltar, and also owns CoinDesk.Crypto IPO Wave Builds MomentumBullish’s blockbuster debut comes amid a resurgence in crypto-related IPOs:Circle (USDC issuer) raised $1.1 billion in June and saw a 167% first-day surge.Gemini, founded by Cameron and Tyler Winklevoss, filed confidentially for a US listing on June 6.Analysts say the trend reflects renewed investor appetite for crypto equities, bolstered by rising digital asset prices and stronger regulatory clarity.ARK Invest’s aggressive $172M buy on Bullish’s IPO day signals confidence in the exchange’s growth potential, while the crypto IPO pipeline — including high-profile names like Circle and Gemini — suggests the market appetite for digital asset companies is far from over.

Key TakeawaysNew Milestone: Bitcoin hit an all-time high of $124,457, briefly surpassing Google parent Alphabet’s $2.45 trillion market cap.Fifth-Largest Asset: BTC became the fifth-largest global asset, with investors now eyeing Apple’s $3.4 trillion valuation.Institutional Capital Rising: Analysts cite macro tailwinds, US policy shifts, and growing regulatory clarity as drivers of momentum.Bitcoin (BTC) surged to a record high of $124,457 on Thursday, briefly overtaking Google parent Alphabet in market capitalization and becoming the fifth-largest asset in the world. At its peak, Bitcoin’s market value topped $2.45 trillion, before easing to around $121,604 at press time.Market Eyes Apple’s $3.4 Trillion ValuationThe milestone has fueled optimism that Bitcoin’s price discovery phase could extend toward Apple’s $3.4 trillion market cap. BTC would need to rise above $175,000 to surpass Apple — a level crypto analyst and Taproot developer Udi Wertheimer believes could be reached before the end of August.Others are even more bullish. Arthur Hayes, co-founder of BitMEX and CIO at Maelstrom, predicts Bitcoin could climb to $250,000 in 2025 if the US Federal Reserve returns to quantitative easing in response to rising inflation.Institutional Capital Driving BTC RallyBitcoin’s record has also propelled the total crypto market capitalization above $4.1 trillion for the first time in history.According to Vugar Usi Zade, COO of Bitget, the momentum reflects growing institutional participation, supported by:US policy shifts, including the recently passed GENIUS Act.Structural changes like 401(k) crypto allocations.Increasing regulatory clarity that encourages long-term portfolio integration.“It is not just a wave of speculative enthusiasm; it is the groundwork for crypto’s integration into mainstream portfolios,” Zade told Cointelegraph.He added that whether this marks the start of a multi-quarter bull market or precedes a consolidation phase will depend on how the market digests its own momentum.Analysts See “Easiest BTC Bull Run Setup”Market sentiment remains upbeat. Jeff Park, CIO of ProCap BTC, called the current setup “objectively the easiest BTC bull run” in an X post on Wednesday.Meanwhile, $126,000 is emerging as the next “pivotal” level for confirming another breakout, after BTC flipped the $120,000 psychological level into strong support, according to analyst Rekt Capital.Bitcoin’s brief flip of Google’s market cap marks another historic moment in its price discovery phase. With institutional capital flowing in and macro conditions aligning, the race toward $175K — and potentially $250K — is now firmly in focus, according to Cointelegraph.

Key TakeawaysSecond-Biggest Inflows on Record: US spot Ether ETFs attracted $729 million on Wednesday, just behind Monday’s $1.02 billion record.ETH Nears $4,878 ATH: Ether traded at $4,744, within 3% of its November 2021 all-time high.Three-Day Total Tops $2.3B: Inflows over the last three days are up 8.5% from the previous weekly record.US spot Ether exchange-traded funds (ETFs) logged their second-largest daily inflows ever on Wednesday, as Ethereum’s price climbed toward a new all-time high.According to data from SoSoValue, spot Ether ETFs saw $729 million in net inflows, following Monday’s record-setting $1.02 billion. The figure is just 0.5% higher than the $727 million recorded on July 16, when ETH traded near $3,150.At the time of writing, Ether (ETH) was changing hands at $4,744, just 3% shy of its all-time high of $4,878 set on Nov. 21, 2021, according to CoinGecko.BlackRock, Fidelity Lead InflowsThe bulk of Wednesday’s inflows came from BlackRock’s iShares Ethereum ETF (ETHA), which drew over $500 million. The Fidelity Ethereum Fund (FETH) ranked second, adding $155 million.In total, spot Ether ETFs have seen $2.3 billion in inflows over the last three trading days — an 8.5% increase from the previous weekly record of $2.12 billion set between July 14–18.Record-Breaking Volume and Investor MomentumSpot Ether ETFs have now posted seven straight days of inflows, totaling $3.07 billion during this streak. Overall net inflows into Ether funds hit an all-time high of $12.1 billion on Wednesday, while total trading volumes also reached a record $4.5 billion.Last week’s inflows were just $270 million, underscoring the sharp surge in investor demand.“Ethereum FOMO Is Just Getting Started”Market observers suggest the rally — and inflows — could continue as ETH approaches its previous peak.“Ethereum FOMO is just getting started,” said crypto market commentator Ted Pillows in an X post on Thursday.Over the past seven days, ETH has gained nearly 29%, with analysts noting a feedback loop between rising prices and higher inflows.“The higher the price, the bigger the inflows,” wrote ZeroHedge on X.With ETH trading just below its all-time high and spot Ether ETFs smashing inflow records, institutional demand appears to be accelerating — setting the stage for potential new price milestones in the days ahead.

Bitwise CIO Matt Hougan says there are still four catalysts the market hasn't fully priced in which could push prices substantially higher. source: https://www.theblock.co/post/366902/4-crypto-market-catalysts-not-priced-in-bitwise?utm_source=rss&utm_medium=rss

According to Cointelegraph, Cardano's ADA has confirmed a bullish breakout from a multimonth bull flag pattern, indicating a potential upside of 100–150% in the coming weeks. This development follows a steady climb from the lower trendline, with ADA's price surpassing key resistance levels. Analysts, including Clifton Fx, suggest that ADA's price could reach the $1.60–$1.75 range if the momentum continues, levels last seen during early 2024 gains. The recent price action has seen ADA rise by approximately 20% in the past 24 hours, reaching a five-month high of $0.99. This surge highlights renewed buying interest in the altcoin market, positioning ADA as a top candidate for traders seeking high-percentage moves. Notably, Trader_Jibon predicts ADA's price could reclaim its November high of around $1.32 and potentially reach the mid-2022 peak of $1.63. The bullish sentiment surrounding ADA is further supported by a strengthening long-term holder base. As of Tuesday, 15 billion ADA has remained unmoved for over a year, suggesting reduced selling pressure amid growing interest in altcoins. This trend is reflected in Google Trends data, which shows searches for "altcoin" reaching their highest level since 2021, while interest in "Cardano" is at a five-month peak. Historically, similar spikes in interest have coincided with significant capital rotation from Bitcoin into altcoins, as seen during the ICO boom of early 2018 and the DeFi-NFT surge of 2021. While the outlook for ADA appears promising, readers are reminded that investment and trading decisions involve risk, and it is essential to conduct thorough research before making any financial moves.

Key TakeawaysNew Record: Bitcoin surged to an all-time high of $124,450 during early Asian trading Thursday before pulling back.Mixed Signals: Technical charts show signs of overheating, but on-chain data points to further upside.Funding Rates Low: Metrics indicate the market is not yet in peak euphoria, with limited short-term profit-taking.Bitcoin (BTC) touched a fresh record high of $124,450 on Thursday, briefly breaking past its previous all-time levels before retreating to around $121,670 at press time. The move sparked debate among traders: has the rally topped out, or is this a healthy pause before the next leg higher?On-Chain Data Suggests Bitcoin Rally Not OverDespite the sharp intraday pullback, on-chain metrics from CryptoQuant show no clear signs of a cycle top. Key indicators, including funding rates and short-term holder (STH) profit-taking, remain well below levels seen during past market peaks.Bitcoin funding rates and STH SOPR. Source: CryptoQuantFunding Rates: While funding has ticked higher, indicating more traders betting long, the increase is still modest compared to overheated periods in previous cycles.Short-Term Profit Taking: The STH Spent Output Profit Ratio (SOPR) sits at 1.01, meaning only mild profit-taking despite strong gains. This contrasts with March and November 2024, when aggressive selling followed similar rallies.CoinGlass Peak Models: Analysis from CoinGlass’s “30 Bull Market Peak Indicators” shows Bitcoin remains far from historical overbought extremes, leaving room for potential continuation toward the $187,000 target suggested by some models, according to Cointelegraph.Technical Indicators Warn of Possible Short-Term TopNot all analysts are convinced the rally can keep climbing in the immediate term. Captain Faibik, a popular market commentator, noted a confluence of bearish technical patterns after the latest breakout:TD Sequential: A “9th TD sell candle” has appeared on the daily chart, a pattern often preceding short-term reversals.RSI Divergence: The daily Relative Strength Index shows bearish divergence, indicating weakening buying momentum.Rising Wedge: This chart pattern signals fading bullish pressure and is commonly followed by pullbacks.On multiple timeframes, Bitcoin’s RSI hit overbought readings — 72 (4-hour), 71 (12-hour), and 70 (daily) — before prices retreated from $124K to $121K. In July, similar RSI conditions preceded a 6% decline to $115K.What’s Next for BTC?While the short-term setup shows risk for a deeper pullback, history suggests RSI overbought signals don’t always mark cycle tops. Bitcoin’s trajectory will likely depend on the balance between institutional inflows, macro liquidity conditions, and spot ETF demand in the coming weeks.If institutional buying remains strong, analysts say BTC could still push beyond current highs — with upside targets above $150K and even $187K in bullish scenarios. Conversely, a break below key support at $118K–$120K could signal a steeper correction.Bitcoin’s rally to $124,450 has split opinion between bulls eyeing much higher levels and traders bracing for a near-term pullback. For now, on-chain metrics lean bullish, while technicals flash caution — setting the stage for heightened volatility ahead. 

Robinhood applies for UAE DFSA license, appoints Mario Camara for local operations. Currently unavailable in MENA. source: https://coincu.com/354806-robinhood-uae-dfsa-license-application

BlackRock’s ETHA dominated activity with $500. 9 million, followed by Fidelity’s FETH at $154. source: https://coindoo.com/ethereum-etfs-pull-in-729m-as-price-edges-toward-all-time-high/

These investors now control 18. 3% of the circulating supply of the meme coin. source: https://cryptopotato.com/dogecoin-doge-whales-go-crazy-further-price-rally-incoming/

Over 15 billion ADA has stayed unmoved for a year, signaling holder confidence as “altcoin season” momentum builds and Cardano price rises to multimonth highs. source: https://cointelegraph.com/news/cardano-ada-price-150-percent-massive-bullish-rally-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

China's pork producer company, Blue Origin, has become the first company to adopt Dogecoin for its treasury.

Bitpanda has launched in the UK, offering over 600 crypto assets to British investors. The company also partnered with Arsenal FC to raise its profile and attract more users.

Fraudulent tactics have become extremely sophisticated. Even under pressure, make decisions calmly and rationally.

The Seoul Central District Court has issued an arrest warrant for Kim Keon Hee, wife of former South Korean President Yoon Suk Yeol, on multiple corruption-related charges including bribery, election interference, and stock manipulation.

At present, OKB is indeed more like an emotionally hyped meme, especially after it is no longer a platform currency but a public chain currency. Although 3/4 of the tokens have been destroyed, we can no longer price it using the platform currency.

Justin Sun has taken legal action against Bloomberg for publishing details of his crypto holdings that he says were meant to stay private. He argues the information is wrong and could put his safety at risk.

If you’re in the crypto industry and you see this warning, your first reaction might be to “worry about it.”

More governments buying Bitcoin, devaluation of the US dollar + multiple interest rate cuts, lower BTC volatility + more allocations, Initial Coin Offering 2.0

Former Wall Street executive Richard Kim is facing fraud charges after allegedly gambling away $3.8 million of his start-up’s investor funds in one week. Zero Edge, the company he led, never launched its planned blockchain app and has entered voluntary liquidation.

Binance’s Chief Security Officer, Jimmy Su, has named the North Korean hacking group Lazarus as the company’s single biggest security threat, as the exchange continues to fend off persistent infiltration attempts from the country.