The cryptocurrency market is showing active development with the launch of new products and the expansion of institutional presence. Key events of the week included the launch of the spot Solana-ETF, the rising trend towards stablecoins, and the formation of bitcoin reserves.
This is reported by Finway
Bitcoin Dynamics and Institutional Demand
Throughout the week, bitcoin traded in the range of $106,000-$110,000, demonstrating relative stability. Institutional investors have shown significant activity – the company Strategy acquired an additional 4,980 BTC for $531.9 million, increasing its portfolio to 597,325 BTC.
At Standard Chartered, it is forecasted that bitcoin could reach $135,000 in Q3 2025, and exceed the $200,000 mark by the end of the year, said Jeff Kendrick, head of the digital asset research department.
Development of Stablecoins and Regulatory Changes
There is a significant increase in interest in stablecoins from traditional financial institutions. German DWS, along with partners, plans to issue a regulated stablecoin pegged to the euro. Chinese tech giants JD.com and Ant Group have applied for licenses to issue stablecoins pegged to the yuan.
An important event was the launch of the first spot Solana-ETF in the US, which attracted $12 million in capital on its first trading day, with a total trading volume of $33.7 million. This demonstrates the growing interest of institutional investors in alternative crypto assets.
Circle has applied to establish a trust bank in the US to manage USDC reserves, indicating further integration of cryptocurrencies into the traditional financial system. There is also a trend towards the creation of state cryptocurrency reserves – in particular, Kazakhstan is considering the possibility of forming a strategic bitcoin reserve.