Market report for traders
đź”® BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$169,238 moving +1.80% at the time of writing. Meanwhile, Ethereum ends at AU$4,131 moving +5.13% week-on-week. On the Altcoin side, Solana +4.54%, Dogecoin -0.34%, and XRP -1.92% change.
🗞 What’s happening in the news?
🏠Dubai Unveils First Licensed Tokenised Real Estate in MENA
Dubai has launched the MENA region’s first licensed tokenised real estate project in partnership with the Dubai Land Department, Central Bank, and Dubai Future Foundation. The initiative allows investors to buy into Dubai properties for as little as AU$840. Tokens will be traded on a newly launched “Prypco Mint” platform and form part of a broader regulatory effort to integrate real-world asset tokenisation into its financial system, following updated rules by the Virtual Assets Regulatory Authority. According to Custom Market Insights, the global real estate tokenisation market is projected to reach AU$29.8 billion by 2033, with commercial, residential, and industrial sectors all expected to contribute.
🍽 Trump’s Memecoin Dinner Sparks Legal and Political Storm
Donald Trump’s latest crypto move, a dinner for the 220 largest $TRUMP memecoin holders, has triggered protests and legal threats. Democrats, including Senator Richard Blumenthal and Elizabeth Warren, accuse Trump of effectively selling White House access. Foreign wallets, the potential for anonymity, and the recent price spike have been raised as points of concern by critics. New bills like the Stop TRUMP in Crypto Act aim to block senior officials from holding or promoting crypto ventures that could create conflicts.
⚡ Pakistan Appoints Crypto Advisor, Plans 2,000 MW for Bitcoin Mining
Pakistan has appointed Bilal Bin Saqib as special assistant to the prime minister on blockchain and crypto. Bin Saqib, also CEO of the Pakistan Crypto Council, became an advisor to Trump-linked World Liberty Financial in April. During the same period, World Liberty signed an MOU with Pakistan’s ministry to explore the possible use of its stablecoin for trade and remittances. The Pakistan government also plans to allocate 2,000 megawatts of surplus electricity to support bitcoin mining and AI infrastructure.
📖 What we’ve been reading
Bitcoin’s new highs may have been driven by Japan bond market crisis
Japanese bond market turmoil may have played a bigger role in Bitcoin’s rise to $112,000 than the recent geopolitical de-risking, according to Bitwise’s European head of research.
Crypto industry urges SEC to clarify staking stance
The US regulator has issued guidance on several crypto-related activities, but has yet to clarify rules on staking.
Polygon co-founder Mihailo Bjelic steps down, marking third founder exit
Polygon’s leadership reshuffle continues as Mihailo Bjelic becomes the third co-founder to step down.
*Disclaimer: The information provided is for educational purposes and does not constitute financial product advice. You should obtain independent advice from an Australian financial services licensee before making any financial decisions.*
