Happy Friday! Welcome to the 18th instalment of the Coinbyte Weekly Wrap.

The crypto market maintained a firmer tone this week, with Bitcoin trading above the US$81,000 level and posting a weekly gain of approximately 0.92%. BTC briefly tested above US$82,400 before easing slightly and settling near US$81,400, while overall volatility remained relatively stable.Major altcoins also closed mostly higher. BNB led large-cap gains with a 7.33% rise, while DOGE surged 10.14%. Solana gained 4.94%, Cardano added 4.26%, and TRX rose 1.36%. Ether underperformed relative to peers but still finished the week slightly positive at +0.34%.Trading activity remained healthy across major assets, with BTC average daily volume reaching roughly US$31.6bn over the past seven days, while ETH and SOL recorded approximately US$16.6bn and US$4.5bn respectively.Meanwhile, Bitcoin ETFs extended their positive streak to seven consecutive weeks of net inflows, with cumulative inflows reaching around US$3.4bn. The latest week alone recorded approximately US$622m in fresh inflows, highlighting continued institutional demand.Overall, this week’s market action reflected improving sentiment, steady institutional participation, and renewed strength across major cryptocurrencies.

This week saw growing regulatory clarity momentum, as the U.S. Senate Banking Committee advanced the CLARITY Act, marking a key step toward defining how digital assets are classified and regulated after years of uncertainty.At the same time, institutional expansion and tokenization continued to accelerate, reinforcing crypto’s deeper integration into traditional finance.Bitcoin dynamics evolved alongside improving macro signals, with a long-dormant wallet moving $40M in BTC—highlighting latent supply—while the copper-to-gold ratio broke above its 200-day average, historically linked to stronger BTC cycles and rising risk appetite.Institutional momentum remained strong. Strategy resumed BTC accumulation, and Charles Schwab launched spot BTC and ETH trading, further embedding crypto into brokerage platforms, while ETH accumulation cooled slightly after rapid growth.Tokenization continued to scale, with Circle raising $222M for its onchain infrastructure and JPMorgan advancing a tokenized Treasury fund, signaling continued expansion of real-world assets on blockchain rails.Overall, regulatory progress, institutional demand, tokenization growth, and improving macro conditions continue to support crypto’s structural uptrend, despite evolving supply dynamics.

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Regulation | U.S. Senate Passes CLARITY Act

Bitcoin is gaining regulatory clarity momentum. The U.S. Senate Banking Committee has approved the CLARITY Act in a 15–9 vote, advancing the bill toward a full congressional decision. The legislation aims to define how digital assets are classified and regulated, marking a key step forward after years of uncertainty. link

Bitcoin | Dormant Bitcoin Whale Moves $40M BTC

A long-dormant Bitcoin wallet from 2013 has reactivated, moving roughly $40 million worth of BTC on-chain. The transfer did not show clear links to exchanges, leaving the intent unclear, but highlighting renewed activity from early holders. link

More News

Regulation | Australia is considering changes to its capital gains tax framework, including replacing the long-standing 50% CGT discount with an inflation-indexed model. The proposal could affect long-term holdings across assets such as crypto and equities, potentially increasing taxable gains depending on inflation and holding periods. link

Macro | Bitcoin could be entering a more favorable phase as the copper-to-gold ratio breaks above its 200-day moving average for the first time since 2020. The ratio, now around 0.00142, has historically aligned with major BTC rallies in 2013, 2017 and 2021, reflecting a shift toward stronger risk appetite.link

Institution | Strategy is back in accumulation mode. The company purchased 1,895 BTC for approximately $180 million, resuming buying after a brief pause around its earnings period. The move reinforces its ongoing treasury strategy as the largest corporate Bitcoin holder. link

Institution | BitMine is slowing its aggressive ETH accumulation after rapidly approaching its 5% supply target, reducing weekly purchases from over 100,000 ETH to around 26,000 ETH. Chairman Tom Lee said the adjustment follows faster-than-expected progress, while reiterating a “crypto spring” thesis tied to tokenization and broader market momentum. link

Tokenization | Circle raised $222 million in a presale of its ARC token at a $3 billion valuation, with backing from a16z, BlackRock and other major institutions. The token is tied to Arc, its new stablecoin-native blockchain, as the firm expands beyond USDC into onchain financial infrastructure. link

Tokenization | JPMorgan filed to launch a tokenized Treasury money market fund, issuing fund shares on blockchain while investing in traditional assets like U.S. Treasuries and repos. The product is designed to support stablecoin reserve requirements, as Wall Street accelerates efforts to bring real-world assets on-chain. link

Stablecoin | Japan is advancing plans for a yen-backed stablecoin (eJPY), as part of broader efforts to bring fiat currency on-chain within a regulated framework. The initiative reflects growing momentum among Japanese institutions to develop compliant, bank-supported stablecoins for payments and settlement. link

Institution | Charles Schwab has launched spot trading for Bitcoin and Ethereum, allowing clients to directly buy and sell both assets through its brokerage platforms. The service is rolling out in phases, with ~0.75% trading fees, and integrates crypto alongside traditional assets within Schwab accounts. link

Disclaimer: This newsletter and its contents are for informational purposes only and do not constitute financial, investment, or trading advice from BYTEATLAS PTY LTD, trading as CoinByte AU (“CoinByte”). CoinByte is not a licensed financial adviser. Readers should not make any investment decisions based on this newsletter without independent research and advice from a qualified professional. The information may be incomplete or inaccurate, and CoinByte makes no representations about its accuracy. Opinions expressed in quoted material are those of the original authors and do not necessarily reflect CoinByte’s views. Cryptocurrency is highly volatile and risky. Use of this information is at your own risk, and CoinByte is not liable for any losses arising from its use.