📊 Market pulse: bitcoin has been trading sideways near the $85–$87 k area despite significant ETF outflows and broader market pressure. XRP and other major altcoins have struggled for upside momentum amid risk-off sentiment and thin liquidity.
⚖️ Regulation & integration: several major cryptocurrency firms including Ripple and Circle received preliminary approval to operate national trust bank charters in the US, enabling them to hold and manage digital assets across state lines once final conditions are met – a milestone for institutional crypto banking.
🇬🇧 UK policy update: UK authorities confirmed that formal cryptoasset regulation will begin in October 2027, expanding oversight and investor protections and signalling long-term confidence in digital asset markets.
🇭🇰 Exchange spotlight: Hong Kong’s largest licensed crypto exchange HashKey successfully raised over $206 million in its IPO, attracting strong institutional and retail demand even as wider market volatility persists.
👤 Legal fallout: former Terraform Labs co-founder Do Kwon was sentenced to 15 years in prison in New York for orchestrating a massive fraud tied to TerraUSD and Luna that wiped out roughly $40 billion in investor value and remains one of the largest crypto-fraud convictions in history.
📉 Price action & sentiment: broader risk assets weighed on crypto prices this week, with macro data and tightening monetary expectations contributing to selling pressure. Bitcoin’s sustained support above $85 k reflects resilience, but downside risk remains as markets digest dovish-leaning rate expectations alongside profit-taking.
📍 XRP dynamics: the XRP market saw heavy selling by large holders in recent days, including a massive sell-off triggered by a wallet established roughly seven years ago, realising about $721 million in gains. That transfer and subsequent distribution put pressure on price, driving it briefly below $2 – a vivid example of how old long-term positions can still move markets today.
🐶 Fun fact: the XRP whale sell-off wasn’t just big – it came from a wallet created around late 2018, meaning a crypto investor who bought XRP when it was priced under $1 over seven years ago held their position until realising huge gains in 2025. That kind of long-term on-chain behaviour highlights how holders from the early chapter of crypto can still influence price action nearly a decade later.
Stay connected for the next update as macro forces, regulation and on-chain flows continue shaping the end of 2025 in crypto 📊🚀
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