| Reading time: 5 minutes | News | Crypto Converter | Crypto Calculators | Musk, Strategy, Genius: Corporate Bitcoin frenzy reshapes market dynamics | | Key points: | SpaceX moved $153M in Bitcoin after 3 years of dormancy, stoking speculation around Tesla's crypto strategy ahead of earnings. Strategy, Genius Group, and Grupo Murano ramp up BTC buys, as institutional inflows hit $953M amid rising corporate adoption.
| News - Bitcoin's role as a corporate treasury asset is expanding rapidly, with Elon Musk's companies and others taking center stage. This week, SpaceX unexpectedly transferred 1,308 BTC worth $153 million after three years of wallet inactivity. The move, occurring just ahead of Tesla's Q2 earnings release, has triggered speculation that Tesla could update its own Bitcoin position, especially with options traders placing multi-million-dollar bullish bets on TSLA. | Meanwhile, Bitcoin adoption among global firms is surging. Strategy, the largest corporate BTC holder, launched a new dividend-paying stock aimed at raising fiat capital to accumulate more Bitcoin. Market analysts say the STRC stock acts like a synthetic stablecoin with yield, attracting investors with its $100 par pricing mechanism and 9% annual dividend. | Institutions double down - Across the board, public companies are adding BTC to their balance sheets. Genius Group, a Singapore-based AI edtech firm, doubled its BTC stash to 200 tokens and plans to scale to 10,000. The GENIUS Act in the U.S. is aiding its efforts by easing regulatory pathways for stablecoin issuance and tokenized education tools. | Grupo Murano, a real estate giant in Mexico, went even further with a $1 billion BTC commitment, declaring it a "core strategic asset." MicroStrategy and others also added to their positions, driving net corporate BTC purchases to $953 million last week. | ETF inflows stall, but confidence holds - Bitcoin ETFs broke a 12-day inflow streak with $131 million in outflows as investors took profits near all-time highs. However, institutional confidence remains high, with $151.6 billion in total ETF assets and Ether ETFs continuing their inflow momentum. | As corporate adoption expands and Musk's companies hint at renewed crypto engagement, Bitcoin's position in global financial strategy appears stronger than ever. | Western Union joins the stablecoin surge amid remittance shakeup | | Key points: | Western Union is testing stablecoin integrations across Africa and South America, with plans to launch wallet features and act as a fiat-stablecoin on/off-ramp.
The GENIUS Act's stablecoin framework has accelerated adoption across legacy financial firms as global remittance fees face disruption from crypto challengers.
| News - Western Union is officially joining the stablecoin race, with CEO Devin McGranahan confirming that the 175-year-old firm is running pilots in regions like South America and Africa. The company plans to integrate stablecoins into cross-border transfers, local currency conversions, and digital wallets, positioning itself as a future fiat-stablecoin on/off-ramp. | Calling stablecoins "an opportunity, not a threat," McGranahan emphasized that blockchain-based value transfer could make remittances faster, cheaper, and more accessible. The firm is also exploring crypto partnerships to accelerate adoption and support wallet-based features for customers in unstable economies, where stablecoins can serve as a store of value. | GENIUS Act changes the game - Western Union's shift comes as the U.S. stablecoin landscape receives a major boost from the recently passed GENIUS Act. The law establishes national licensing rules, bans unbacked algorithmic tokens, and grants senior creditor status to stablecoin holders in insolvency cases, unlocking clearer paths for banks and fintech firms to issue and support digital dollars. | Legacy players vs. crypto disruptors - Western Union's pivot reflects growing pressure from rising digital-native competitors. The firm saw a 6% revenue drop in Q1 2025, with remittance app downloads down 22% amid stablecoin-led disruption. Rival MoneyGram has already launched its USDC-based wallet, and new players like Wise and Remitly are capturing market share with faster, low-fee corridors. | While critics warn of potential misuse by tech giants, others view stablecoins as the logical next step in modernizing global payments, which is something that Western Union can no longer ignore. | ARK Invest ditches Coinbase for Ethereum bet | | Key points: | Cathie Wood's ARK Invest poured $175 million into Ethereum treasury firm Bitmine, snapping up 4.4 million shares across three ETFs. Simultaneously, ARK trimmed 218,986 Coinbase shares worth $90.6M, despite COIN's recent ATH, signaling a pivot toward ETH-focused assets.
| News - Cathie Wood's ARK Invest has doubled down on Ethereum's rising institutional momentum, shifting $175 million into Bitmine Immersion Technologies, which is an Ethereum treasury firm chaired by Fundstrat's Tom Lee. ARK's flagship funds, including the Innovation ETF (ARKK), snapped up 4.4 million Bitmine shares this week, representing a 1.5% allocation in each ETF portfolio. | This bold move follows Bitmine's dramatic transformation. The company, now among the largest ETH corporate holders with over 300,000 ETH, has surged over 400% YTD after pivoting from Bitcoin to Ethereum. It now aims to stake up to 5% of ETH's total supply. Billionaire Peter Thiel has also joined the fray, acquiring a 9.1% stake in the firm. | Meanwhile, ARK offloaded 218,986 Coinbase shares worth roughly $90.6 million, despite the crypto exchange posting a record high of $437 after recent pro-crypto legislation. Though ARK remains one of COIN's top 10 holders, the sale extended a pattern of weekly reductions in July. | Why it matters - Bitmine's ETH strategy has drawn comparisons to MicroStrategy's Bitcoin treasury play, igniting speculation around ETH's emerging role as a corporate reserve asset. With Ethereum up 44% in two weeks, ARK's repositioning hints at where smart money could be headed next. | Broader portfolio shifts - ARK also trimmed positions in Roblox, Robinhood, Block Inc., and even its Bitcoin ETF, redirecting capital into Bitmine and growth stocks like AMD and DoorDash. This rotation highlights ARK's growing confidence in ETH over BTC, and in broader blockchain infrastructure over centralized exchanges. | JPMorgan eyes crypto-backed loans amid regulatory green light | | Key points: | JPMorgan is exploring loans backed by Bitcoin and Ethereum, with potential rollout in 2025, as traditional banks expand into crypto lending. The shift follows Jamie Dimon's softened crypto stance and regulatory easing under the GENIUS Act and Basel III discussions.
| News - JPMorgan Chase is reportedly preparing to launch crypto-backed loans, allowing clients to borrow against Bitcoin (BTC), Ethereum (ETH), or similar assets. According to multiple sources cited by the Financial Times, the bank could introduce the product as early as 2025. This would mark a major pivot for the Wall Street giant, which until recently held a cautious stance toward crypto under CEO Jamie Dimon's leadership. | Once openly hostile to Bitcoin, labeling it a "fraud" in 2017, Dimon has recently acknowledged the need to support clients' crypto activity, even defending their right to buy BTC. JPMorgan already allows borrowing against crypto ETFs like BlackRock's IBIT, but this new initiative would take a step further by directly securing loans with the underlying crypto assets. | The stablecoin signal - Dimon also signaled growing institutional interest in stablecoins during a July earnings call, suggesting JPMorgan will continue to develop both its internal deposit token (JPMD) and broader stablecoin efforts. The move comes as competitors like Citigroup and Morgan Stanley ramp up their crypto-related services. | Regulatory tailwinds fuel expansion - Recent legislative clarity is fueling the shift. The GENIUS Act, signed into law last week, established federal frameworks for stablecoin regulation. Meanwhile, the Federal Reserve and OCC have relaxed requirements for banks entering crypto services, as long as strong compliance and risk controls are maintained. | Basel III guidelines remain a hurdle, as banks must maintain high capital reserves for crypto-backed products. But analysts suggest JPMorgan's willingness to move forward signals evolving attitudes among regulators and banks alike. If launched, the initiative could reshape crypto lending by bringing Wall Street's credibility and compliance rigor to a space previously dominated by crypto-native firms. | | More stories from the crypto ecosystem | | Interesting facts | Blue‑chip NFT royalties ensure creators earn on every resale - Unlike traditional art sales, NFT platforms embed automatic creator royalties, so original artists continue earning whenever their works resell, which is a game-changer for artist compensation. Euler Finance suffered a record $197M flash loan exploit and was fully reimbursed - On March 13, 2023, Euler was drained of $197 million via a flash loan attack, but the hacker returned all of it within weeks, partially apologizing and collaborating with the protocol. Bitcoin's Lightning Network surged past $500M in capacity by January 2025 - While it first crossed 5,000 BTC in 2022, the network hit 5,358 BTC (~$509M) in early 2025, marking a sustained leap in Layer-2 adoption, not just a momentary milestone.
| | Top 3 coins of the day | Quant (QNT) | | Key points: | At press time, QNT was trading at $133, rising 6.12% from the prior day's close. The Supertrend flashed a strong buy signal, while the EWO hovered firmly in positive territory at 9.44.
| What you should know: | Quant's price surged past the $130 mark, extending a strong bullish streak that began earlier this month. The Supertrend indicator confirmed sustained upward momentum by flashing a 'Buy' signal well before the breakout. Meanwhile, the Elliott Wave Oscillator (EWO) maintained a consistent green build-up, suggesting buyers had control over recent sessions. Adding to the momentum, renewed interest in Quant followed news of its involvement in digital euro testing with the European Central Bank. This institutional angle likely fueled accumulation, reflected in a 150%+ volume spike and declining exchange reserves. If buying pressure continues, QNT could attempt to breach the $140 psychological barrier. However, any price rejection near current levels might trigger minor pullbacks, especially if volume weakens. Traders should continue monitoring the Supertrend for trend confirmation and the EWO for shifts in momentum. | Jupiter (JUP) | | Key points: | At press time, JUP was trading at $0.63, up 2.95% from its previous daily close. The price rode the upper Bollinger Band, while CMF hovered in positive territory at 0.05, reflecting steady capital inflows.
| What you should know: | Jupiter continued its multi-day rally after breaking above the $0.60 mark, supported by a sharp spike in trading volume. The candlesticks continued hugging the upper Bollinger Band, pointing to sustained bullish pressure and heightened volatility. A key catalyst behind the surge was the July 22 launch of JLP Loans, where Jupiter allocated $150M USDC to enable collateral-free borrowing against JLP tokens. This protocol expansion drove a 258% increase in daily trading volume, boosting JUP's appeal in Solana's growing DeFi landscape. On the technical front, the Chaikin Money Flow (CMF) stayed positive at 0.05, indicating consistent capital inflows. If bullish momentum persists, JUP could test the $0.70 resistance. A pullback, however, may find support near the Bollinger Band's midline around $0.51. Traders should monitor volume and CMF for any early trend reversals. | Fartcoin (FARTCOIN) | | Key points: | At press time, FARTCOIN was valued at $1.63, recording a 2.06% uptick over the last 24 hours. The Parabolic SAR dots continued to print below the candles, while the DMI showed strengthening bullish momentum with the +DI above the -DI and a rising ADX.
| What you should know: | Fartcoin extended its recovery streak after bouncing from the $1.20 level earlier this month, with the latest rally pushing it toward a new local high near $1.69. The Parabolic SAR's consistent placement beneath the price candles suggested that buyers remained in firm control of the trend. The Directional Movement Index painted a bullish structure, with the +DI (29.86) leading the -DI (10.45), while the ADX hovered near 24.21, indicating a moderately strong trend in place. Meanwhile, Fartcoin's 24-hour volume surged 84% to $561 million, highlighting renewed speculative interest amid memecoin momentum. A breakout past $1.70 could pave the way toward $1.85, but traders should watch for reversal cues if volume weakens or Parabolic SAR flips bearish. | How was today's newsletter? | |
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