ETH’s sharp sell-off lined up with the broader crypto market panic and is not a sign of structural weakness. Data suggests institutions will lead the price recovery. Key takeaways: Ether’s correction aligned with broader altcoin moves, with liquidations offset by stable open interest. Ether options and perpetual funding data show weaker bullish demand, but no derivatives-driven trigger for sell-off. Read more
Strive’s $675 million Bitcoin buy and Semler merger create a 10,900 BTC treasury company, making it one of the world’s top corporate BTC holders. Strive Inc., the asset manager turned Bitcoin treasury company led by former presidential candidate Vivek Ramaswamy, has agreed to acquire Semler Scientific — a move that positions the combined entity as one of the largest corporate holders of Bitcoin. In a Monday announcement, the companies said the all-stock transaction will grant Semler shareholders Strive shares instead of cash. Each Semler share will be exchanged for 21.05 shares of Strive Class A stock, representing a 210% premium over Semler’s pre-deal price. Alongside the merger, Strive disclosed it had purchased 5,816 Bitcoin (BTC) for about $675 million, boosting its total holdings to 5,886 BTC. Before the acquisition, Strive was a relatively minor player in the Bitcoin treasury space, with just 70 BTC on its books. Read more
The Transatlantic Taskforce for Markets of the Future will focus on exploring crypto laws and regulations between the two countries. Treasury authorities in the US and UK have announced the formation of a transatlantic task force to explore “short-to-medium term collaboration on digital assets.” In Monday notices, the US Treasury Department and HM Treasury said the cross-country effort, taking place through the already established UK-US Financial Regulatory Working Group, would release a report with recommendations within 180 days. The new task force, called the Transatlantic Taskforce for Markets of the Future, will consider crypto laws and regulations as well as how the two countries can collaborate on “wholesale digital markets innovation.” Read more
Bitcoin slips under $111,500 as $280 million in leverage long positions are liquidated, but key support levels may decide if BTC rebounds or risks a deeper breakdown. Key takeaways: Bitcoin dipped below $111,500, testing a major daily demand zone. Spot demand remains strong, keeping the market structure broadly in favor of bulls. Read more
US steps in with a lifeline as Argentina battles peso turmoil, investor flight and President Javier Milei’s waning credibility. Crypto adoption surges. As Argentina grapples with soaring inflation and a run on the peso that has battered domestic asset prices, the United States has stepped in with the promise of a financial lifeline — though Bitcoin proponents remain skeptical it will make a difference. The peso tumbled roughly 4.5% last week as investors questioned President Javier Milei’s ability to deliver fiscal and structural reforms following his party’s poor showing in Buenos Aires provincial elections earlier this month. The sell-off was compounded by a corruption investigation involving a family member of Milei, deepening political uncertainty. Investor unease triggered heavy outflows from Argentine markets. The central bank was forced to spend about $1.1 billion over three days to defend the peso — a hefty sum given that the country holds only about $20 billion in liquid foreign reserves, according t...