Bitcoin led the week’s crypto developments with a 23% gain, its biggest weekly advance since March 2023, as institutions and policymakers pushed deeper into digital assets. Coinbase expanded Bitcoin-backed mortgages that let borrowers access home financing without selling BTC or facing margin calls, while major banks advanced plans for a joint stablecoin.
Policy and market structure also moved forward across key jurisdictions. The SEC proposed modernized crypto custody rules, the UK directed the Bank of England to advance stablecoin and digital money innovation, Japan prepared instant blockchain settlement for stocks and government bonds, and Thailand moved ahead with rules for spot Bitcoin and Ethereum ETFs. Charles Schwab, which oversees $13 trillion, is also set to add trading for Solana, Avalanche, and Chainlink.
Institutional adoption continued as Strive bought 1,100 Bitcoin for $85 million. The broader week also included major macro, AI, and trade headlines, but crypto markets were defined by Bitcoin’s rally and accelerating integration of blockchain-based financial products.
Bitcoin Surge, Stablecoin Push Lead Crypto-Focused Weekly Recap
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