The digital asset market is once again showing mixed dynamics, but the key events of this week promise to be pivotal for the entire industry. Political maneuvers, regulatory battles, and internal corporate reshuffles are the three pillars supporting today's agenda.
Market Dynamics: A Slight Correction After Growth
As of 07:48 Moscow time, Bitcoin (BTC) is trading around $63,114, equivalent to approximately 4,860,989 rubles. Over the past 24 hours, the asset has fluctuated between $61,275 and $64,597, indicating an attempt by bulls to hold above the psychologically important level.
Ethereum (ETH) also started the day with a slight decline, sitting at $1,764 (about 136,030 rubles). Overall, among the top 10 by market cap, the best daily performance is shown by TRON (+0.32%), while Ethereum remains the weekly leader with a gain of 11.11%. The largest daily losses were recorded for Dogecoin (-3.44%).
Among the top 100 assets, DeXe stands out with a daily gain of 10.67%, and the weekly champion is MemeCore (+90.78%). At the same time, the week's laggard is Venice Token (-13.91%).
Trump: From Skeptic to Crypto Supporter
Former US President Donald Trump made an unexpected admission, stating that his interest in cryptocurrencies is largely driven by geopolitical considerations. At a press conference, he noted that if the US does not take a leading position in this field, China will. Notably, he previously called Bitcoin a "scam," but his family has built a significant business in the crypto industry, and Trump himself is estimated to have earned over $1.4 billion from it in the past year.
US Bitcoin Reserve: Bureaucratic Hurdles
The Trump administration's plans to create a strategic Bitcoin reserve have encountered serious obstacles. According to available information, the US Treasury and Commerce Departments cannot agree on which agency should manage this reserve. Trump's March 2025 executive order mandated placing the reserve within the Treasury, but doubts have arisen about the department's authority to manage such a volatile asset. Now, the Commerce Department is vying for the role of manager. Recall that the US is already the largest state holder of Bitcoin, owning 328,372 BTC worth about $21.1 billion.
Tether: A Rare Opportunity to Look Inside
Former Tether investment director Richard Heathcote plans to sell part of his stake in the company. He owns 1.26% of the stablecoin issuer and intends to sell only a portion of this stake. This deal could provide the market with a rare opportunity to assess Tether's internal ownership structure, which remains private despite the company becoming one of the most profitable in the crypto industry. The sale comes amid increasing regulatory pressure in Europe, where several exchanges with MiCA licenses have already begun delisting USDT due to Tether's refusal to comply with European regulations.
My Comment: The situation with the Bitcoin reserve is a classic example of political will crashing against bureaucratic reefs. If the Treasury and Commerce Departments fail to find a compromise, Trump's ambitious plan to turn the US into the "world's crypto capital" could get stuck in legal quagmires. As for Tether, any disclosure of information about its owners is a positive signal for a market that has long demanded greater transparency from the largest stablecoin issuer.