Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$135,629 moving -2.34% at the time of writing. Meanwhile, Ethereum ends at AU$3,048.90 moving -6.78% week-on-week. On the Altcoin side, Solana -11.10%, Dogecoin +7.83%, and XRP -11.85% change.
🗞 What’s happening in the news?
🪙 Bitcoin Could Reduce US Dollar Dominance — BlackRock
As US debt climbs toward AU$57.92 trillion, BlackRock’s Larry Fink warns that Bitcoin may overshadow the US dollar as the world’s reserve currency. He labels decentralised finance an “extraordinary innovation,” citing its ability to streamline and democratise financial processes. Still, Fink warns that “that same innovation could undermine America’s economic advantage if investors begin seeing Bitcoin as a safer bet than the dollar.” Fink’s warnings highlight how the rising US debt, combined with cryptocurrencies' growing influence, could reshape traditional finance.
💵 Metaplanet Issues AU$21.28M in Bonds to Buy More Bitcoin
By issuing AU$21.28 million in zero-interest bonds, Metaplanet aims to capitalise on Bitcoin’s latest dip and expand its holdings. The Japanese firm, often called “Asia’s MicroStrategy,” already owns around 3,200 BTC valued at about AU$1.97 billion. CEO Simon Gerovich considers this a swift response to market fluctuations, mirroring Strategy’s aggressive accumulation. As corporate heavyweights continue stacking Bitcoin, experts say that Metaplanet’s bold move highlights Bitcoin’s growing appeal among institutional players.
🛡️ Stablecoins and Tokenised Assets Gain as New US Tariffs Near
Many investors are concerned that upcoming US tariff measures will spark additional market turbulence. According to IntoTheBlock, stablecoins and tokenised real-world assets (RWAs) are attracting capital as “safe havens.” Since the tariffs on Chinese goods were first announced, Bitcoin has dropped 19% and the S&P 500 over 7%. While experts believe the tariffs could help to reduce the estimated AU$1.92 trillion goods trade deficit, inflation worries persist. Meanwhile, some analysts predict the RWA market could exceed AU$80 billion by the end of 2025, drawing crypto investors seeking less volatile alternatives.
📖 What we’ve been reading
‘Dire consequences’ if Musk accesses SEC — US lawmaker
US Rep. Maxine Waters reiterated a warning to acting SEC Chair Mark Uyeda following reports DOGE would gain access to sensitive agency information.
Japan to classify cryptocurrencies as financial products: Report
Japan’s Financial Services Agency will look to change financial laws to bring cryptocurrencies under insider trading rules as early as 2026, Nikkei reports.
No, Trump Didn’t Unveil the Bitcoin Whitepaper in the Oval Office
A fake video of Trump showing off the Satoshi whitepaper is making the rounds, but his real crypto revolution is no joke
*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.*
