Coinbyte Weekly Wrap: Bitcoin Rebound, SEC Rules Defined, Tokenized Markets Accelerate

Happy Friday! Welcome to the 10th instalment of the Coinbyte Weekly Wrap.

The market traded in a moderately volatile but still constructive range this week, with BTC rebounding from the mid-US$70,000s to briefly test above US$75,900 before settling near US$70,263 and posting a weekly decline of 1.87%. Price action showed a clear midweek peak followed by a gradual pullback.Major altcoins delivered mixed results, with limited broad-based strength. Ether edged higher with a 1.51% gain, while TRX outperformed among large-cap tokens, rising 4.76%. In contrast, BNB fell 2.65%, Solana declined 0.70%, and Dogecoin dropped 2.88%, reflecting divergence across majors.Trading activity across major cryptocurrencies stayed resilient: BTC average daily volume reached roughly US$43.9bn over the past seven days, USDT turnover remained elevated at around US$89.0bn, and ETH and SOL recorded approximately US$24.3bn and US$4.3bn respectively. Overall, this week’s market action suggested weakening momentum in Bitcoin alongside selective performance among large-cap altcoins.

This week saw bitcoin briefly climb back toward US$75,000 before easing to around the US$70,000 level today, leaving it broadly flat compared with last Friday despite a recovery in market sentiment during the week. Beyond price action, institutional momentum continued to build, with BlackRock launching its first staked Ethereum ETF, BitMine expanding its ETH holdings, and Mastercard moving further into stablecoin infrastructure through its planned acquisition of BVNK. Regulatory developments also remained in focus, as Australia advanced a digital assets framework that would bring crypto platforms and custody providers under the financial services regime, while the U.S. SEC provided further clarity on when crypto assets may qualify as securities and approved Nasdaq’s proposal for tokenized securities trading. At the same time, blockchain adoption and infrastructure development broadened, with Tether backing bitcoin payments infrastructure via Ark Labs,Crypto.com expanding digital asset payments in South Korea through KG Inicis, and Polymarket strengthening its on-chain execution and settlement capabilities through the acquisition of Brahma. Overall, the week reinforced the view that while bitcoin remained range-bound by the end of the week, the broader crypto market continues to be supported by deeper institutional participation, clearer regulation, and expanding real-world financial use cases.

Performance

Featured News

Regulation | Australia advances digital asset regulatory framework

The Australian Senate Economics Legislation Committee has backed the Corporations Amendment (Digital Assets Framework) Bill 2025, a proposed regulatory framework for digital assets that aims to modernize oversight of crypto platforms and custody providers by bringing them under the existing financial services regime. The committee’s report supports requiring digital asset platforms and custody services to obtain an Australian Financial Services Licence and comply with safeguarding standards. The endorsement marks a legislative step toward establishing clearer rules for crypto businesses operating in Australia. link

Market | Bitcoin rebounds toward $75K after February lows

Bitcoin has climbed toward $75,000, recovering roughly 25% from its February low, reflecting a broad rebound in crypto market sentiment and renewed buying momentum across major digital assets. The move comes after a period of downside volatility earlier in the year, with BTC regaining key price levels as market participants reassess risk appetite.link

More News

Stablecoin | Tether has invested in Bitcoin infrastructure startup Ark Labs as part of a $5.2 million seed funding round. Ark Labs is developing Arkade, an execution layer designed to support faster Bitcoin transactions and off-chain processing for financial applications. link

ETF | BlackRock has launched the iShares Staked Ethereum Trust ETF (ETHB) on Nasdaq, its first crypto ETF incorporating Ethereum staking. The fund stakes 70%–95% of its ETH holdings and distributes 82% of staking rewards to investors, with Coinbase acting as the primary custodian and staking provider. link

Partnership | Crypto.com has partnered with South Korea’s largest payment gateway provider KG Inicis to integrate Crypto.com Pay, enabling digital asset payments across KG Inicis’s merchant network. The integration will support foreign tourists paying with digital assets at participating merchants in South Korea. link

Institution | Tom Lee’s BitMine Immersion Technologies has increased its Ethereum holdings to approximately 4.6 million ETH, after adding about 61,000 ETH in its latest accumulation. The company continues to expand its Ethereum treasury position as part of its ongoing digital asset holdings strategy. link

Regulation | The U.S. Securities and Exchange Commission (SEC) has issued its first formal definitions for when crypto assets qualify as securities, outlining a classification framework that distinguishes between digital securities and other categories such as commodities, stablecoins, and utility tokens. The guidance clarifies that only assets meeting the criteria of an investment contract fall under federal securities laws and provides direction on how activities including airdrops, staking, and mining may be assessed under existing rules.link

M&A | Mastercard has agreed to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion, including $300 million in contingent payments. The acquisition provides Mastercard with infrastructure supporting fiat-to-stablecoin conversion and cross-border payments across more than 130 countries, including remittances and business transactions.link

Regulation | The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s proposal to allow tokenized securities trading, enabling certain equities and ETFs to be issued and traded in tokenized form within regulated market infrastructure. The framework allows tokenized securities and traditional securities to operate within the same trading and settlement environment, initially covering selected listed assets with existing clearing and settlement processes.link

Infrastructure | Polymarket has acquired DeFi infrastructure firm Brahma in an all-equity transaction, with the goal of strengthening its on-chain execution and settlement capabilities. According to the company, Brahma’s infrastructure supports wallet creation, capital deposits, position management, and trade execution workflows, and has processed more than $1 billion in cumulative transaction volume. Following the acquisition, Brahma’s standalone product operations will be discontinued as it is integrated into Polymarket’s platform.link

Market | Traders can gain exposure to the S&P 500 through on-chain perpetual futures contracts, enabling 24/7 trading without relying on traditional stock exchanges. The product allows users to trade S&P 500-linked derivatives continuously, using blockchain-based infrastructure for execution and settlement, providing an alternative to conventional market hours and centralized trading venues.link

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