Here is what happened yesterday in the crypto market:
Bitcoin Reaches New All-Time Highs
Bitcoin has surpassed $113,000, setting a new all-time high and showing a strong upward trend, doubling in value over the past year. This milestone is accompanied by significant inflows into US spot Bitcoin ETFs, which have surpassed $50 billion in net inflows since January 2024, indicating growing institutional and retail adoption. Corporate interest in Bitcoin is also surging, with companies adding a record 159,107 BTC to their balance sheets in Q2 2025, valued at over $17.6 billion.
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Ether and AI Coins Gain Momentum Amidst Bitcoin’s Dominance Shift
While Bitcoin achieves new highs, Ether and AI-related cryptocurrencies are also seeing significant gains. Ether closed above $2,700, with analysts suggesting a potential rally to $3,000 this week, possibly signaling the start of an altcoin season as Bitcoin’s dominance declines. Additionally, Coinbase has partnered with Perplexity AI to provide real-time crypto market data to traders, highlighting the growing intersection of AI and the crypto market.
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German State Bank Issues €100M Blockchain Bond on Polygon
In a significant move for digital securities in Europe, German state-owned development bank NRW.BANK has issued a €100 million ($116.7 million) blockchain-based bond on the Polygon network. This marks one of the largest public-sector ventures into digital securities, demonstrating increasing adoption of blockchain technology by traditional financial institutions for issuing financial instruments.
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Former Bitfury Executive Confirmed to Lead US Banking Agency OCC
Jonathan Gould, a former senior executive at blockchain technology company Bitfury, has been confirmed by the US Senate to head the Office of the Comptroller of the Currency (OCC). This appointment is seen as the banking agency increasingly embracing cryptocurrency and blockchain, potentially influencing future regulatory approaches to digital assets.
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Justin Sun Eyes $100M TRUMP Token Acquisition
Justin Sun, founder of Tron, plans a $100 million acquisition of TRUMP tokens, indicating a strategic alignment with the US administration’s pro-crypto stance. This move is presented as the first of many planned collaborations with the Trump team, aiming to establish TRUMP as a global crypto brand.
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