Institutional Bitcoin ETF holdings fell by 23% in Q1 2025 to $21.2bn, marking the first quarterly decline since U.S. spot ETFs launched.

The drop is mainly attributed to Bitcoin’s price depreciation, though some investors actively reduced positions, while corporate treasuries continued accumulating BTC.

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Switzerland’s Federal Council has approved a plan to launch automatic information exchange on cryptoassets with 74 partner countries starting in 2026.

The first data exchange is scheduled for 2027, pending mutual interest and compliance with OECD standards.

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The probability of Donald Trump’s impeachment is currently 12%, based on betting markets on Polymarket.

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Strategy has priced its IPO of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock at $85.00 per share, expecting to raise approximately $979.7m. The proceeds will be used for general corporate purposes.

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The UK’s Financial Conduct Authority will lift its ban on crypto exchange-traded notes (cETNs) for retail investors, allowing them to be traded on FCA-recognized investment exchanges.

The move aims to boost the UK’s competitiveness in the digital asset sector while maintaining consumer protections under existing promotion rules.

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Apple, X, Airbnb, and Google are holding early talks with crypto firms about integrating stablecoins to reduce transaction fees and improve global payment efficiency.

⚫️Apple is reportedly in talks with Circle over a potential integration
⚫️Airbnb is working with Worldpay to reduce Visa and Mastercard fees
⚫️Elon Musk’s X is exploring stablecoin payments in X Money, with ongoing discussions with Stripe
⚫️Google Cloud already accepts PayPal’s PYUSD

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Deutsche Bank is evaluating stablecoin options, including the possibility of issuing its own token or joining an industrywide initiative, according to Sabih Behzad, head of digital assets and currencies transformation. The bank is also exploring a tokenized deposit solution for payment use cases.

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X has officially announced a partnership with Polymarket, the world’s largest prediction market platform. Users on X will now be able to place bets on future events, ranging from elections to economic trends.

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Gemini has filed for an IPO in the U.S.

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Coinbase CEO Brian Armstrong said the company has reduced account freezing issues by 82%, acknowledging it as a long-standing user concern.

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PumpFun plans to distribute protocol revenue to $PUMP holders through a buyback-based structure, diverging from the typical speculative memecoin model.

The platform played a key role in reviving the Solana ecosystem post-FTX, with TVL rising over $5bn by mid-2025.

Despite a $4bn valuation and a $1bn raise target, lack of clarity around revenue streams is raising questions about feasibility among the community members.

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💌💌💌💌💌
✔ This week's crypto market highlights:

⚫ Elon Musk announces XChat with Bitcoin-style encryption
⚫ Ross Ulbricht receives 300 BTC donation worth $31.4m
⚫ Singapore MAS bans unlicensed crypto firms from serving overseas
⚫ Tether launches XAUt0 on TON
⚫ Moscow Exchange launches BTC futures for qualified investors
⚫ Franco-Moroccan man arrested for crypto kidnappings
⚫ Metaplanet issues 555m warrants to raise $5.4bn for Bitcoin
⚫ Apple, X, Airbnb, Google explore stablecoin integration
⚫Gemini files for IPO

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Tether CEO Paolo Ardoino said a public listing would value the company at $515 billion—calling the figure “a beautiful number” but possibly “a bit bearish” given Tether’s growing Bitcoin and gold reserves.

USDT’s market cap is $154.8bn. In June, Tether moved $3.9bn in BTC to a new platform, signaling a move away from traditional IPO strategies. The firm now holds over 100,000 BTC and 50 tons of gold, a major shift from earlier concerns when just 76% of reserves were in cash.

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Binance released its 31st Proof of Reserves report.

⚫️ 593k BTC: -1.82% from its last PoR on May 1, 2025
⚫️ 5.337m ETH: +1.05%
⚫️ 28.83bn USDT: -0.77%
⚫ 39.85m BNB: +1.56%

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