Dear reader,
We are proud to announce that Spirit Blockchain has completed development of SpiritLinQ, our next-generation digital wealth management platform designed to meet growing institutional demand for tokenized assets. With pilot onboarding set for Q3 and full launch in Q4 2025, SpiritLinQ will offer a secure, compliant gateway for institutional investors to access the expanding digital asset market. This milestone marks a major step forward in Spirit’s mission to lead in regulated digital asset infrastructure.
You can read the official announcement here: Spirit Blockchain Completes Development of SpiritLinQ to Meet Growing Institutional Demand for Tokenized Assets
Here’s what happened in blockchain and crypto this week
Stocks Shake Off Tariff Hangover
Global equity markets posted a powerful rebound this week, with the S&P 500 closing at 6,141.02—just 0.05% shy of its all-time high set in February. This marks a dramatic recovery from the nearly 20% drawdown triggered by April’s “Liberation Day” tariffs. The Nasdaq 100 outperformed, reaching a new record close on Tuesday after President Trump announced an Israel-Iran ceasefire, alleviating fears of a broader oil shock. Trump’s partial rollback of the most severe tariff threats and renewed optimism over a China-U.S. trade deal have further buoyed risk appetite. Megacap tech and AI names, led by Nvidia’s record-setting run, continue to drive market leadership as investors remain eager to buy dips despite persistent macro uncertainty.
Policy Tailwinds Reshape the Crypto Landscape
Federal Reserve Chair Jerome Powell’s Congressional testimony marked a decisive pivot in U.S. crypto policy. Powell endorsed new crypto regulations and supported allowing banks to serve crypto clients, provided they do so safely. The Fed’s removal of “reputational risk” from its bank supervision framework is expected to unlock greater institutional participation, enabling banks to offer custody, trading, and lending for digital assets without regulatory overhang.
Mortgage Markets Embrace Crypto
In a landmark move, the FHFA directed Fannie Mae and Freddie Mac to explore including crypto holdings in mortgage risk assessments. This could allow borrowers to leverage digital assets when qualifying for home loans, further integrating crypto into mainstream finance and aligning with the administration’s push to make the U.S. a global crypto hub.
Digital Assets Hold Steady, Select Tokens Surge
Bitcoin & Ethereum: Resilience and Accumulation: Bitcoin (BTC) maintained its strength, trading above $107,000 and closing Thursday at $107,926 (+1.44% on the day). The asset has held firm above $100,000 since mid-June, with notable outflows from exchanges suggesting accumulation by miners and long-term holders. Ethereum (ETH) remained stable near $2,415, reflecting a broader risk-on tone and healthy liquidity across majors.
Altcoin Momentum
Select altcoins outperformed, with:
- Aptos, Maple, Sei, and Bitget Token leading in daily gains and trading activity
- Whale accumulation in Cardano (ADA) and PEPE signaling growing confidence in targeted projects
- New launches such as Moonveil and Vana attracting fresh capital and community engagement
What’s Next: Earnings, Inflation, and Integration
Despite ongoing policy and geopolitical uncertainties, both traditional and digital asset markets are displaying robust resilience. Equities are flirting with record highs, while crypto markets benefit from regulatory clarity and institutional inflows. As the industry awaits key inflation data and Q2 earnings, risk appetite remains strong and the sector’s integration with global finance accelerates.
This Week’s Headlines
Bitcoin Treasury Corporation to relist on Toronto exchange, buys 292 BTC: Bitcoin Treasury Corporation completed a $92 million raise and bought 292.8 BTC ahead of its trading resumption on the TSX Venture Exchange.
The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to prepare for accepting cryptocurrency as a form of mortgage payment, aiming to expand access to homeownership for qualified borrowers. This move follows a previous instruction to study how crypto assets could impact mortgage qualification criteria.
Bitcoin ETFs Record 13-Day Winning Streak: Bitcoin ETFs have seen a record-breaking streak of inflows, bringing in over $2.9 billion in 13 consecutive trading days. Institutional interest in crypto investment products is growing, with ETF managers using OTC channels to minimize price impact.
Coinbase US Perpetuals Are Arriving Next Month as Stock Soars to New Heights: Coinbase aims to fill what it describes as a “critical gap” in the U.S. market, where domestic traders have long relied on offshore platforms.
GENIUS Act reopens the door for a Meta stablecoin, but will it work? The GENIUS Act will allow Big Tech conglomerates like Meta to issue a stablecoin, but legal experts are debating whether it’ll work in practice.
Bitcoin Miner Revenue Drops to 2-Month Low, but Selling Pressure Remains Absent: CryptoQuant: Miners are earning less than at any point this year, but they’re still holding onto their coins.
Market Cap of Euro Stablecoins Surges to Nearly $500M as EUR/USD Rivals Bitcoin’s H1 Gains: The combined market cap of EUR-pegged stablecoins has grown by 44%, with Circle’s EURC leading the increase with a 138% rise.
Key U.S. Senator Tells White House Crypto Market Structure Bill Will Be Done by Sept. 30: The Senate and House are sending mixed messages on the most important crypto legislation awaited by the industry, with a new Senate deadline set.
Notable Deals and Fundraising
Prediction Markets Platform Kalshi Jumps to $2 Billion Valuation With $185 Million Raise
Alphabet’s Gradient Ventures is raising $200M for a new AI fund: Gradient is raising this fund just a year after its last, according to PitchBook data, underscoring the high demand for AI investments amid the ongoing sluggishness of the broader venture market. And like the rest of Big Tech, the former Google is in a race to build up its AI capabilities and products.
UK’s The Smarter Web Company raises $56M days after big Bitcoin buy: The Smarter Web Company has made a multimillion-dollar raise just days after it purchased $20 million worth of Bitcoin to bring its holdings to over 540 BTC.
Just months after its founding, Mira Murati’s Thinking Machines raises $2B at $10B valuation
Neo Pepe NEOP presale passes $2M raised with stellar CertiK audit: Neo Pepe Coin (NEOP) has crossed past the $2 million milestone in record-breaking speed, propelling it toward Stage Four of its anticipated presale. Launching less than a week ago, the project’s early growth reflects strong interest, with investors rallying behind its revolutionary approach to decentralization, governance, and liquidity.
Zama raises $57M in series B to bring end-to-end encryption to public blockchains: Zama, the open-source cryptography company building state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain, announced a $57 million Series B funding round co-led by U.S.-based investment firms Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million, and its valuation to north of a billion USD.
Kaanch Network raises $2.4M as stage 6 presale sells out in record time: Kaanch Network, the emerging Layer 1 blockchain, has hit a major milestone with the rapid sell-out of its Stage 6 presale — demonstrating rising investor demand and positioning itself as a top contender in the race to surpass Ethereum and Solana. With unmatched 1.4 million transactions per second (TPS) and ultra-low fees, Kaanch is setting a new benchmark for blockchain performance in 2025.
Have a great week!
The SPIRIT Blockchain Team
