Digital asset treasury companies are powering crypto’s rally this year as firms like Strategy, BitMine, and Metaplanet steadily accumulate Bitcoin, Ethereum, and altcoins. Their persistent buying is supporting spot prices, attracting new investors, and fueling the rapid growth of listed crypto-treasury firms, especially across APAC.

Today, 20% of Trump’s WLFI (World Liberty Financial) token supply was unlocked, coinciding with the debut of spot markets on several major exchanges, including Binance. Yet much of the market reaction had already been set in motion days earlier with derivative markets experienced significant activity in the days leading up to the spot debut.

ETH broke its 2021 all-time high over the weekend, reaching as high as $4,996 on some cryptocurrency exchanges and outperforming BTC in both price and volume. It later eased to around $4.6k on Monday, but volumes remain strong, indicating the rally still has momentum.

Bitcoin pushed back toward its all-time high near $123k early Monday after rebounding from early August lows around $112k. The move tracked a broader risk rally as markets priced a September Fed cut. Stephen Miran’s nomination to the Fed Board last week reinforced that view after weak July jobs data. A softer dollar added a tailwind, lifting USD‑quoted flows and amplifying BTC’s gains.

It’s a big week ahead for macro news, with multiple central bank meetings, including the Fed, and a plethora of economic data to sift through. Moreover, crypto markets just absorbed a enormous $9bn BTC sale without much fuss. We explore all these topics and more in this week’s debrief.

This week we’re examining the shift in the crypto market towards altcoins. Last week’s rally was one of the largest moves over the past three years, hinting at a potential set up for an altcoin season. In contrast, Bitcoin’s stranglehold on the market has slipped somewhat, as investors favour smaller assets at present.

Bitcoin topped $123k for the first time on Monday as last week’s rally extended into a second week. Today we’re going to explore the latest all-time highs in the context of portfolio risk, focusing on how BTC has consistently set highs during low volatility periods in recent months.

Bitcoin came close to a new all-time high last week before strong U.S. jobs data dented rate-cut hopes and pulled markets lower. Yet momentum remains intact, driven by institutional demand and a clear shift toward Bitcoin over altcoins. This week, we explored the structural shifts that may be laying the groundwork for a breakout.