White House Crypto Regulation Report Expected
The White House is set to release a comprehensive report on Wednesday addressing regulations for the cryptoasset sector. This report will present a proposed regulatory framework for digital assets and serve as a guide for regulations over the next three years. The report was prepared by the Digital Asset Markets Working Group, established under the executive order signed by President Trump in January.
The report is expected to contain significant clarifications, particularly regarding stablecoin regulations and cryptocurrency laws. It is also anticipated that it will include strategies for President Trump’s proposed digital asset stock market and strategic bitcoin reserve. The crypto industry is also awaiting clarity on tax regulations and tokenized securities.
Michael Saylor’s Strategy Firm Acquires $2.4 Billion in Bitcoin
Michael Saylor’s Strategy Firm (MSTR) has raised approximately $2.5 billion by offering its new preferred stock series, STRC. These funds were quickly invested in Bitcoin, with the company purchasing 21,021 BTC, bringing its total holdings to 628,791 BTC. These new purchases are worth approximately $74 billion at current market prices.
The STRC series aims to provide an initial 9% dividend to investors and has seen demand well in excess of the targeted $500 million. The preferred shares will begin trading on Nasdaq, and the proceeds will further strengthen the Strategy’s institutional Bitcoin position.
Institutional Ether Reserves Rising, Standard Chartered Sets 10% Target
According to Standard Chartered, institutional investors have accumulated 1% of all Ethereum in circulation in just two months, and this share could rise to 10% over time. Ether has rapidly attracted the attention of institutional investors, who have increasingly purchased more ETH than Bitcoin. One of the companies with the largest Ether reserves is BitMine Immersion Technologies, which holds 625,000 ETH.
Ethereum’s staking rewards and DeFi (decentralized finance) usage opportunities are among the main drivers driving institutional investor interest in Ether. Standard Chartered states that ETH-focused companies have the potential to hold 10% of the total supply in the coming years and predicts that the ETH price could hit $4,000 by the end of the year.
Ethereum Treasury Firm BTCS Plans $2 Billion Investment
BTCS Inc., an Ethereum-focused blockchain company, announced plans to sell $2 billion worth of stock. The company aims to use the funds for future digital asset purchases. BTCS, which currently holds 70,028 ETH worth approximately $265.3 million, continues to grow by accumulating Ethereum and generating income through staking.
The company reportedly plans to increase its ETH reserves through Ethereum-focused strategies and DeFi/TradFi integration. BTCS’s plan reflects a strategy aimed at capitalizing on Ether’s strong staking rewards and DeFi opportunities.
SEC Accepts Staking Request for BlackRock’s Ethereum ETF
The U.S. Securities and Exchange Commission (SEC) has accepted BlackRock’s staking request for its spot Ethereum ETF, indicating that the regulation could be approved within a few months. If approved, the world’s largest asset manager would participate in Ethereum’s proof-of-stake consensus model and distribute the resulting rewards to ETF investors.
The SEC has accepted similar applications over the past few months and has continued to delay its decisions on staking this year. Spot Ethereum ETFs have generated $9.4 billion in net inflows since their launch, but the lack of staking rewards was seen as a drawback of these products from the outset. BlackRock’s ETF has contributed over $9.5 billion this year.
eToro Begins Offering Tokenized Stocks and ETFs on Ethereum
eToro will tokenize 100 U.S.-listed stocks and ETFs on the Ethereum blockchain in August 2025. This move will revolutionize stock trading, allowing users to trade 24/5. The new ERC-20 tokens will be backed 1:1 with eToro’s actual stocks and can be converted back into traditional stock positions.
eToro CEO Yoni Assia stated that tokenization will remove trading barriers, enable users to integrate with DeFi protocols, and extend market access beyond traditional hours. With tokenized stocks, investors will be given the option to react to market events at their convenience.
Senator Lummis Proposes to Include Crypto in Mortgage Assessments
United States Senator Cynthia Lummis has introduced the 21st Century Mortgage Act, which would require Fannie Mae and Freddie Mac to consider crypto assets in borrowers’ financial profiles. The legislation aims to modernize current mortgage approval criteria to reflect the increasing number of young Americans building wealth through digital assets. Lummis sees crypto as a potential solution amid declining youth homeownership rates.
However, some Democratic senators opposing the bill warn that the volatility of crypto assets could lead to instability in the housing market. Senators Elizabeth Warren and Bernie Sanders, among others, are concerned that including digital assets in mortgage assessments could pose risks to the financial system.
Cboe Applys to List Canary Capital’s Staked Injective ETF
The Chicago Board Options Exchange (Cboe) has applied to list an exchange-traded fund (ETF) of Canary Capital’s staked Injective (INJ) token fund. This could make it the third staked altcoin ETF to enter the ranks of regulated crypto investment products in the U.S., following the Solana and Ether ETFs. If approved, the ETF aims to collect staking rewards by providing validation services through an approved staking platform.
The application comes as the US Presidency is promoting a more favorable regulatory environment for crypto investments. If the SEC approves the application, the ETF could provide liquidity and visibility to traditional investors by offering access to the Injective protocol’s governance token. However, the process could take several years until the SEC makes a final decision.
Martı Allocates 20% of Its Cash Reserves to Crypto
Istanbul-based mobility super app Martı has decided to allocate 20% of its cash reserves to digital assets, initially Bitcoin. CEO Oğuz Alper Öktem stated that the company’s goal is to ensure that unused cash retains its value in different market conditions. This move will be made without impacting Marti’s core business activities, using only excess cash not needed for daily expenses.
Marti offers electric vehicle fleets, motorcycles, and taxi transportation services in major cities in Türkiye. The company went public on the NYSE American stock exchange in July 2023, becoming the first major Turkish micromobility company to list in the US. Following the announcement of its crypto strategy, Marti shares rose 7 percent after trading.
RAKBank Launches Crypto Trading as First Conventional Bank in the UAE
RAKBank has become the first conventional bank in the United Arab Emirates to offer direct crypto trading to its retail customers. The bank allows customers to buy and sell Bitcoin and other digital assets through Bitpanda’s crypto trading platform. Crypto transactions will be conducted exclusively in dirhams (AED), eliminating foreign exchange transfer fees and exchange losses. The service, which will initially be available only to invitation-only customers, will reach a wider audience in the coming months.
RAKBank CEO Raheel Ahmed stated that they believe this solution will provide customers with a more efficient and seamless crypto trading experience. He also emphasized that the service will be fully regulated and will be provided in the local currency, AED.
——————————————————————————————————
BITCOIN (BTC)
Bitcoin is trading at $118,132 as of morning hours, gaining 0.15%. It is trading just below the $118,175 resistance, and if it moves positively, it will be important for BTC to break this level first. Then, if the rise continues, the $120,217 level can be targeted. If BTC, which has been unable to break this level for a long time, breaks this level, the $123,000 region can be targeted.
If there is selling pressure, the $116,050 and $113,827 levels can be expected to work as support.
ETHEREUM(ETH)
ETH is priced at $ 3,817 as of the morning hours with a 0.62% gain in value. Although ETH rose above $ 3,867 again yesterday, it could not be sustained. It will be important for ETH to break this level and maintain its persistence above it for the continuation of the rise. Then, the $ 3,988 and $ 4,100 levels can be targeted.
In case of possible pullbacks, while 3,671 is the first support level, it can be expected to work as support after the $ 3,544 level.
RIPPLE(XRP)
XRP is priced at $ 3.13 with a 0.25% gain as of the morning hours. If XRP can break the 3.15 resistance and manage to hold on above it, there may be a movement towards $ 3.24 levels in the short term. Then 3.33 can be targeted.
On the other hand, if the break of the $ 3.15 level is not seen, pullbacks may be experienced to the $ 3.03 and $ 2.96 levels.
AVALANCHE(AVAX)
AVAX is trading at $25.18 as of the morning hours, losing 0.82% of its value. The price continued its decline, breaking the $24.79 level yesterday. It is currently moving above the 23.91 support level. If it holds on to this level, 24.79 and then 26.08 levels can be targeted.
If it cannot hold on to the possible 23.91 support, 23.22 and then 22.59 levels will be watched as important support points.
SOLANA(SOL)
SOL is traded at $ 181 levels with a 0.06% loss in value as of the morning hours. If the pullback continues for SOL, which lost the $ 184 support as of yesterday, $ 177.70 and then $ 173.70 will be closely watched as support. In a possible positive trend, it will be important to first break the $ 184 level and maintain continuity above it. Then, the $188, $193.06 and $200 levels are maintained as the next resistance positions, respectively.
