The Weekly Wrap
Over the last 7 days:
- Bitcoin (BTC) up 3.06%
- Ethereum (ETH) up 4.34%
- XRP up 1.34%
- Solana (SOL) up 1.52%
Other movers:
Not much movement in price action this week. At the time of writing BTC is up 3.66% over 24h which has pushed us in the green over the 7 days. Total crypto market cap is up +3.99% this week, sitting around $2.42T.
ETF flows? Mixed again.
- BTC: + $22.34M (total net assets: $86.22B)
- ETH: -$42.15M (total net assets: $11.70B)
Sentiment check: still deep in the trenches. The Fear & Greed Index sits at 11. That’s firmly in extreme fear territory.
Bitcoin vs Gold vs Nasdaq YTD.
🟡 Gold: still leading the pack, up around +6.6% YTD
🔵 NASDAQ: slightly down, sitting around -5.5% YTD
🟢 Bitcoin: still trailing, down roughly -22.1% YTD
Source: Tradingview, BTC, GOLD, NASDAQ
Macro: Australia
Australia has introduced new digital asset legislation, bringing crypto platforms more formally into the existing financial services framework.
Under the proposed changes, exchanges and custody providers will be required to obtain an Australian Financial Services Licence (AFSL), aligning them with traditional financial service providers. The aim is to provide greater regulatory clarity and consumer protections, while also establishing clearer oversight of the sector.
Businesses will have a transition period to meet the new requirements, and further detail is expected as the framework is implemented.
Fuel Watch
Fuel prices are getting a bit of relief, with Australia halving fuel excise for the next three months.
The catch? Prices don’t drop overnight as servos sell through older, higher-cost fuel first.
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Bitcoin
Let’s bring in some on-chain data. Realised cap answers one question:
“What did the market actually pay for their Bitcoin?”
Think of it as the market’s average cost basis. Why does that matter? Because when price drops close to realised cap, most holders are near breakeven, which has historically aligned with reduced selling pressure. This zone has often coincided with market bottoms or late-stage capitulation.
Where are we now?
- Market cap: $1.38T
- Realised cap: $1.08T
Source: bitview.space
We’re still trading above realised cap, but the gap has closed significantly compared to peak cycle levels.
BUY BTC
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Etherum
Let’s step away from charts for a second because behind Ethereum is one of the more unique founders in tech.
Vitalik Buterin co-founded Ethereum at just 19 years old with a simple idea. Blockchain could be more than just money. It could run applications, contracts, and entire digital economies. That idea ended up shaping a huge part of the industry today.
Vitalik has always taken a different path. He co-founded Bitcoin Magazine as a teenager, got paid in BTC to write, and has stayed deeply focused on research and development rather than the spotlight. You can read his first ever article from 2012 here
Despite the scale Ethereum has reached, he still comes across more like a researcher than a CEO. You’ll see him writing long-form blog posts on governance, cryptography, AI, and future internet systems that often end up influencing where the space heads next.
He’s also known for some quirks. He’s spoken about longevity research, experimented with unusual diet ideas, and has a habit of dropping complex concepts into the ecosystem long before they become mainstream. Things like soulbound tokens or new identity systems started as ideas in his writing before becoming real narratives.
You might also catch him turning up to events in casual or unexpected outfits, which has kind of become part of his identity at this point.
That’s part of what makes Ethereum interesting.
It’s not just a network. It’s been shaped by someone who thinks long term, experiments often, and tends to build ahead of where the market is today.
BUY ETH
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Altcoins
Altcoins have been stable this week. Over the past 7 days:
- RWA is leading the pack, up +2.47% and continuing to quietly trend higher
- AI is holding up well too, posting a +1.30% gain
- DeFi -0.71% and Gaming -0.41% are slightly down, showing a bit of fatigue
- Memecoins are still struggling, down -1.49%
Source: Coingecko categories
ALGO
One of the more interesting movers this week? Algorand.
ALGO ripped higher, up over 22.02% on the week, and if you zoom out on the ALGO/BTC chart, it shows a clear breakout structure. After months of bleeding against Bitcoin, ALGO has finally flipped momentum and started outperforming.
Source: Tradingview SUI/USDT
A recent Google quantum research paper highlighted Algorand as a real-world example of post-quantum cryptography already being deployed. Because most of crypto is still talking about quantum risk, but Algorand has actually started implementing solutions.
- Falcon signatures already live
- First post-quantum transaction executed in 2025
- Key rotation built into the protocol
It’s not fully “quantum safe” yet, but it’s further ahead than most.
BUY ALGO
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This Week's Insights
There’s a new conversation creeping into crypto and it’s not about ETFs or macro.
It’s quantum.
Read more about this week's insights into What Is Quantum Risk in Cryptocurrency and How Could It Affect Bitcoin?
