Crypto Market Pulse: Week 28, 2025 – Bulls Charge as Institutional Floodgates Open

Bitcoin smashes through resistance levels while Ethereum's Layer 2 ecosystem hits escape velocity. Here's what moved the needle in digital assets this week.

Market Movers

BTC rockets 18% post-CPI data as inflation cools faster than Wall Street's algorithmic traders. Meanwhile, Solana validators revolt against proposed fee changes—proof that even decentralized networks can't escape corporate politics.

DeFi Dominance

Total value locked crosses $200B for the first time since 2022's carnage. Aave's governance token surges 40% after passing proposal to onboard...wait for it...JP Morgan as a whitelisted institution. How's that for decentralization?

Regulatory Roulette

SEC delays spot ETH ETF decision (again), proving some things never change. Meanwhile, Hong Kong's new virtual asset framework attracts $7B in inflows—because nothing says 'financial freedom' like choosing between different authoritarian regimes.

Closing Thought

The same TradFi dinosaurs now buying BTC at ATHs spent 2023 calling it a scam. Welcome to the jungle, bankers—just try not to get rekt like the rest of us.

Expansion to new all-time highs

After months of consolidation around the psychologically important USD 100,000 mark, Bitcoin surged to a new all-time high this week. Billion-dollar inflows into spot ETFs and purchases by Bitcoin treasury companies drove the price up to USD 118,000. Additional momentum came from expectations of monetary easing in the US. Altcoins also benefited: ethereum (ETH) once again crossed the USD 3,000 threshold, while many digital assets saw double-digit gains over the past seven days. Combined with the anticipated US ETFs, a potential “altcoin season” could be emerging.

Tether: one of the world’s largest gold holders

Tether remains the leading stablecoin issuer with around 160 billion USDT in circulation. The tokens are primarily backed by liquid dollar reserves such as US Treasuries and cash. However, about 5% are backed by physical gold – approximately 80 tonnes worth USD 8 billion, stored at a secret location in Switzerland. This puts Tether on par with established financial giants like UBS in terms of gold holdings, surpassing many private institutions. Under the new US regulatory framework (“GENIUS Act”), however, the company may be forced to liquidate its gold reserves.

Consolidation in the fintech sector

The global trend of consolidation in the fintech and crypto sector is reaching Switzerland. After four years of operation, Swissquote is acquiring PostFinance’s 50 percent stake in the financial app Yuh. According to Swissquote, the app is an ideal addition to its existing offering. Yuh now manages over one million accounts – a large portion of which are active in the crypto market. Around 38% of users invest in cryptocurrencies, and 50% hold securities such as stocks, ETFs, and digital assets. The average portfolio volume is CHF 5,600. This high investment rate enhances the app’s profitability. Cryptocurrencies thus remain a central component of its expansion strategy.

Tokenization gains momentum

The Swiss stock exchange SIX and Banque Pictet & Cie SA have successfully completed a pilot project for the tokenization of corporate bonds. Bonds denominated in euros and Swiss francs were issued via the regulated SIX Digital Exchange (SDX) and partially integrated into portfolios managed by Pictet Asset Management. For the first time, traditional bonds were split into fractional tokens – enabling more precise allocation and greater diversification. Automated rebalancing also facilitates individual investment strategies that are difficult to implement with traditional structures.