Bitcoin failed to push through the $117,500 resistance on Monday, triggering profit-taking from short-term traders that dragged the price back under $115,000. Still, institutional demand continues to build. Material Indicators’ co-founder Keith Alan argued on X that BTC hasn’t topped at $124,500, largely because big money keeps flowing in. Data from SoSoValue backs that up, showing spot Bitcoin ETFs brought in $642.35 million on Friday, pushing total inflows for the week to $2.34 billion. Ether wasn’t left behind either, with ETH ETFs attracting $637.68 million in fresh capital over the same period. But not all whales are sticking with Bitcoin. Lookonchain reported that a long-term holder who recently swapped $4 billion in BTC for ETH has now started unloading more than 1,176 BTC (worth $136 million) through Hyperliquid (HYPE).
Meanwhile, US lawmakers are sitting down with 18 industry heavyweights, including Michael Saylor, Tom Lee, and Fred Thiel, to discuss the proposed Strategic Bitcoin Reserve. The idea, championed by Senator Cynthia Lummis under the BITCOIN Act, would see the US government accumulate one million BTC over the next five years. The meeting, hosted by The Digital Chambers, could be a pivotal step in aligning policy with the growing role of Bitcoin in global finance.
Saylor’s firm Strategy continues to double down on BTC accumulation. In its latest move, the company picked up another 525 BTC for $60 million at an average of $114,562 per coin, lifting its holdings to 638,985 BTC worth over $73 billion. Since first entering the market in 2020 with a $250 million buy, Strategy has made Bitcoin accumulation its core treasury strategy, framing BTC as a long-term hedge against inflation and fiat weakness.
In traditional markets, the London Stock Exchange Group (LSEG) made headlines by launching its Digital Markets Infrastructure (DMI) — a blockchain-powered platform for private funds. Built with Microsoft’s Azure cloud, the system allows for tokenization, issuance, and post-trade settlement, while bridging distributed ledgers with existing financial infrastructure. MembersCap and Archax were among the first onboarded, marking a milestone as major exchanges move deeper into digital asset rails.
Beyond Bitcoin and Ethereum, innovation is ramping up in stablecoins. The market is shifting into what some are calling “second-generation stablecoins.” Unlike their predecessors, which simply put a digital dollar on-chain, these new models separate principal from yield, unlocking liquidity while letting holders earn returns. The concept transforms stablecoins from static payment tokens into programmable financial instruments that can be saved, traded, pledged, or reinvested. In an industry where trillions in stablecoin flows clear global transactions every month, this shift could redefine how capital moves across DeFi and traditional finance alike.
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