Crypto Weekly Review: Week 37 – 2025 Market Frenzy Unleashed

Crypto markets hit unprecedented volatility as institutional money floods in—while retail traders scramble to keep up.

Market Movements

BNB smashed through previous resistance levels, hitting new ATHs that left traditional finance veterans scratching their heads. The surge defied conventional valuation models—proving once again that crypto plays by its own rules.

Regulatory Whiplash

Global watchdogs tightened scrutiny while innovation raced ahead. The FSA's latest guidelines attempted to corral DeFi protocols, but developers already built workarounds before the ink dried on regulatory documents.

Trading Psychology

Fear and greed indices swung wildly as leveraged positions got liquidated across exchanges. Smart money accumulated during dips while paper hands sold at the worst possible moments—classic market behavior that never gets old.

Wall Street's awkward crypto embrace continues—they still don't get it, but they sure want a piece of the action. Maybe they'll figure out blockchain technology once they finish trying to short what they can't comprehend.

Digital assets remain a priority

The new White House crypto adviser, Patrick Witt, gave his first interview in the new role this week. The three priorities: the Market Structure Bill, the implementation of the GENIUS Stablecoin Act, and the creation of a strategic crypto reserve. “We’re keeping the pedal to the metal,” said Witt. While some projects are delayed, the government remains persistent and closely connected with the relevant committees. In the coming weeks, another vote in the House of Representatives on the Market Structure Bill is expected. This bill is intended to legally distinguish cryptocurrencies from securities and assign oversight to the CFTC. The Senate has already passed a draft.

Traditional exchanges push for tokenization

The US exchange Nasdaq has submitted a request to the SEC for a rule change to allow the listing and trading of tokenized securities – including stocks and exchange-traded products – on its main market. This WOULD be a milestone: for the first time, tokenized financial instruments could officially be available on a traditional US exchange. The plan is for a flexible model in which investors can purchase and trade securities either in classic digital form or as blockchain tokens, all through the same order book and under the same market rules. Key rights such as voting and dividends remain fully intact. According to Nasdaq, the first tokenized securities transactions could begin in the third quarter of 2026, once the Depository Trust Company’s infrastructure is ready.

Crypto exchanges stay one step ahead

The crypto exchange Kraken is positioning itself as a pioneer in stock tokenization. Back in June, the platform launched trading with tokenized US stocks (“xStocks”) in more than 140 countries, including Switzerland. Now the offering is being expanded to customers in the EU. Technologically, the system is based on the Swiss fintech platform Backed Finance and maps the prices of real US stocks via tokenized certificates. The advantage: the tokens can be traded around the clock and can also be used as collateral in DeFi protocols. Trading volume has so far reached around 3.5 billion US dollars.

Attack on the Dogecoin network

In addition: Qubic, an AI-focused blockchain project with “Useful Proof-of-Work,” recently made headlines with a 51%-like attack on Monero and is now turning its attention to Dogecoin. In Monero, Qubic attracted miners with higher rewards – classic block rewards plus QUBIC token burns – and was able to temporarily reorganize six blocks. This vampire mining tactic does not directly overpower the network but shifts computing power through economic incentives. While this temporarily weighed on Monero’s price, Dogecoin is better protected: record-high hashrate, ASIC-based hardware, diversified mining pools, institutional investments, and a loyal community make a successful attack virtually impossible.