Crypto Weekly Review: Calendar Week 34 – 2025 Market Moves & Analysis

Week 34 delivers another rollercoaster ride as digital assets defy traditional market logic—again.

Market Momentum

Bitcoin smashes through resistance levels while altcoins play catch-up. Trading volumes hit unprecedented peaks as institutional money floods the space—proving once more that fear of missing out trumps fear of volatility.

Regulatory Watch

Global regulators scramble to keep pace with DeFi innovations. Meanwhile, traditional finance gatekeepers still can't decide whether to adopt or attack—classic hedge strategy when you're losing relevance.

Tech Developments

Layer-2 solutions continue eating Ethereum's lunch while new tokenomics models emerge. The tech evolves faster than compliance departments can draft memos.

Outlook & Closing Shot

The trend remains your friend until the bubble bursts. Remember: in crypto, everyone's a genius during bull runs—just don't ask about their 2022 tax returns.

Regulatory reset in the US

The Federal Reserve has ended its special oversight program for banks engaged in crypto and fintech activities. Launched in 2023, the program aimed to subject banks dealing with emerging activities such as crypto services, stablecoin issuance, and blockchain partnerships to stricter supervision. In practice, however, it was used to strategically stall the industry. Going forward, critical areas like stablecoin services, tokenized products, and fintech collaborations will once again fall under the standard supervisory framework. The Fed justifies the move by citing a better understanding of the risks and risk management practices within banks. The termination of the special program removes a key hurdle for banks looking to enter the digital asset space. Stablecoin issuance and crypto custody services will now be easier to implement. The elimination of the previous requirement for pre-approval of crypto activities also signals a clear policy shift toward greater regulatory flexibility.

First state introduces stablecoin

The US state of Wyoming has introduced the first state-backed stablecoin with the Frontier Stable Token (FRNT). Fully backed by US Treasury bonds and US dollars, the token is available on seven blockchains. According to the Wyoming Stable Token Commission, the stablecoin is not yet publicly tradable. However, initial purchase options are expected to become available soon via Kraken in Wyoming. Additionally, FRNT can be used anywhere Visa payments are accepted, including Apple Pay and Google Pay.

China feels the pressure

Under the TRUMP administration, the United States is expanding its leadership in the stablecoin sector, further reinforcing dollar dominance. China is responding with plans of its own. According to a recent government report, Beijing is considering state-backed, yuan-pegged stablecoins. The State Council plans to release a roadmap later this month for the global expansion of the Renminbi, which includes the potential launch of such stablecoins. Hong Kong and Shanghai could serve as pilot regions for the initiative. The proposal includes targets for increased Renminbi usage, clear regulatory responsibilities, and risk management measures. The goal is to establish the Renminbi globally and enhance its appeal compared to the US dollar. The possible introduction of yuan-based stablecoins marks a significant policy shift in China. After banning all domestic crypto activity in 2021, the new initiative is seen as a direct response to the growing influence of dollar-backed stablecoins.

Crypto payments in Thailand

In addition: Thailand has launched a pilot project allowing foreign tourists to convert cryptocurrencies into Thai Baht. The initiative aims to revive the tourism sector following pandemic-related declines. The 18-month program, called TouristDigiPay, enables conversions via licensed platforms, with a per-person limit of 550,000 Baht – approximately 13,600 Swiss francs – to prevent money laundering. The converted Baht can then be stored in regulated e-wallets and used for QR code payments in stores. Direct crypto payments are not planned in the first phase of the project.