Crypto Markets Churn as Week 23 Delivers Volatility—Traders Brace for Next Move

Bitcoin wobbles near $70K as institutional flows show cautious optimism—while altcoins bleed out in a classic 'risk-off' rotation.

DeFi TVL dips 3% as yield farmers rediscover the concept of 'impermanent loss.'

Solana validators revolt over fee structure changes—proof that even decentralized networks can't escape corporate drama.

Bonus jab: Wall Street 'experts' still can't decide if crypto is a hedge or a risk asset—maybe because their gold-backed bonuses are on the line.

Third-largest ICO in history

Since its launch in 2024, Pump.fun has established itself as the leading platform for memecoins on the solana blockchain. Users can create their own tokens instantly and inexpensively. Over 11 million cryptocurrencies have already been generated – with a combined market capitalization of around $4.5 billion. The platform earns revenue from transaction fees and has brought in more than $600 million. This places Pump.fun among the fastest-growing crypto apps of all time. Now, according to insiders, the team is planning its own token. The proposed Initial Coin Offering (ICO) is set to launch at a valuation of $4 billion and could raise up to $1 billion.

Physical vs. digital gold

For centuries, gold has been considered the ultimate store of value – a rock in uncertain times. But Bitcoin, often referred to as “digital gold,” is increasingly challenging that status. In May 2025, both assets are trading at record highs: Bitcoin is fluctuating between $100,000 and $110,000, while gold sits above $3,300 per ounce. With high inflation, geopolitical crises, and growing institutional interest, the comparison is more relevant than ever. Bitget Research analyzes the strengths and weaknesses of both assets.

Leading global banks enter crypto business

JPMorgan was long known as a harsh critic of digital assets. CEO Jamie Dimon repeatedly likened bitcoin to a Ponzi scheme. But customer pressure is having an impact. The bank has recently opened up to trading in digital assets – and is now going a step further. Effective immediately, JPMorgan accepts Bitcoin ETFs as collateral. Institutional clients can use US-approved spot Bitcoin ETFs as loan securities. This enables them to generate liquidity without selling their positions – similar to stocks or bonds. Swiss banks are lagging behind, despite years of legal head start.

Why banks need to care about digital assets

In addition: The US is establishing itself as the leading crypto nation – with a national Bitcoin reserve, clear stablecoin regulation, and strong institutional backing. Europe, in contrast, remains fragmented and hesitant. Within the continent, Switzerland is positioning itself as a key hub for digital assets and financial services. But what role can it realistically play in a globally growing market? And how should financial institutions strategically position themselves to remain competitive in the crypto era? Join us for a panel discussion – including BBQ and drinks at the Hochhaus zur Schanzenbrücke. Attendance is limited to 100 guests. Sign up now!