Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$132,8072 moving +2.76% at the time of writing. Meanwhile, Ethereum ends at AU$2,516 moving +1.53% week-on-week. On the Altcoin side, Solana +13.17%, Dogecoin +1.62%, and XRP +9.14% change.
🗞 What’s happening in the news?
🌐 How Trade Wars Could Accelerate Web3 Solutions
Escalating trade wars have rattled crypto markets, but some believe this could actually drive blockchain adoption. Proposed tariffs could impact up to AU$3.81 trillion of US imports, highlighting the need for trustless provenance systems to help governments fairly impose import taxes. Protocols such as Truebit, specialising in trustless verification, are already talking with software vendors servicing the US government, aiming to integrate blockchain-based tracking solutions into global supply chains for greater transparency and efficiency.
⚖️ Paul Atkins Named SEC Chair, Clearer Crypto Rules Anticipated
Paul Atkins was confirmed as SEC Chair by a 52–44 Senate vote. He co-chaired the Token Alliance from 2017 to 2024 and disclosed up to US$6 million in crypto holdings, including investments in Anchorage Digital and Securitize. He has pledged to build “a firm regulatory foundation for digital assets through a coherent and principled approach.” Senator Tim Scott said Atkins will “provide regulatory clarity for digital assets.” Atkins replaces Mark Uyeda as chair.
📉 Bitcoin’s Toughest Q1 Since 2015, Cycle Debate Heats Up
Bitcoin’s 11.7% first-quarter fall is its largest since 2015, when a similarly rough start led to strong gains later on in the year. Current tariff pressures and uncertain global markets make another downturn a possibility. Some experts see the negative Q1 returns as a bear market signal. Yet others are pointing to bitcoin’s history of rebounding from past slumps, sometimes delivering major recoveries. The debate over its future course remains heavily conflicted.
📖 What we’ve been reading
Pakistan proposes compliance-based crypto regulatory framework — Report
The government of Pakistan is embracing cryptocurrencies following the regulatory pivot in the United States.
Senator Tim Scott is confident market structure bill passed by August
Tim Scott, chairman of the Senate Banking Committee, emphasized that the Committee has already advanced several crypto regulatory goals.
Ethereum co-founder Vitalik Buterin: ‘Privacy is freedom’
Buterin highlighted the urgent need for stronger privacy solutions, arguing that overreliance on transparency rests on naive assumptions about human nature.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
