Market report for traders
🔮 BTC, ETH, and Altcoins
Over the last 7 days, Bitcoin ends at AU$185,781 moving +7.10% at the time of writing. Meanwhile, Ethereum ends at AU$6,764 moving +8.15% week-on-week. On the Altcoin side, Solana +6.58%, Dogecoin +7.43%, and XRP +1.48% change.
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🗞 What’s happening in the news?
🪙 Crypto Markets Recover After AU$29B Liquidation Event
The weekend saw one of crypto’s wildest swings in years. A surprise 100% U.S. tariff announcement on Chinese imports wiped AU$29 billion (USD$19 billion) from crypto markets, triggering over 6,300 wallet liquidations. But within 48 hours, Bitcoin rebounded 2.7% to AU$176,400 (USD$114,665), while Ether climbed 8.3% to AU$6,360 (USD$4,135). “What we just saw was a massive emotional reset,” said Arctic Digital’s Justin d’Anethan. “The longer-term structure is intact.” With trade tensions easing and ETF inflows holding strong, some analysts believe confidence appears to be back on track as ADA and DOGE lead the recovery with nearly 10% daily gains.
🏔️ Bhutan Migrates National ID System to Ethereum
The Kingdom of Bhutan is migrating its National Digital Identity system from Polygon to Ethereum, enabling nearly 800,000 residents to verify their identities and access government services on the blockchain. The Ethereum integration is complete, with full migration expected by the first quarter of 2026, according to Ethereum Foundation President Aya Miyaguchi, who attended the launch alongside Vitalik Buterin, Bhutan’s prime minister Tshering Tobgay, and crown prince Jigme Namgyel Wangchuk. Bhutan holds 11,286 Bitcoin worth USD$1.31 billion (AU$2.02 billion), making it the fifth-largest Bitcoin-holding nation-state globally.
🕊️ Nobel Peace Prize Awarded to María Machado, a Vocal Bitcoin Advocate
Venezuelan opposition leader and human rights activist María Corina Machado has received the 2025 Nobel Peace Prize for her efforts to promote democracy and freedom in Venezuela. Machado has also been a vocal advocate for Bitcoin, describing it as a “lifeline” for citizens protecting their wealth amid hyperinflation and strict currency controls. In a 2024 interview, she said Bitcoin “bypasses government-imposed exchange rates” and helps many Venezuelans preserve their financial independence.
📖 What we’ve been reading
Tether CEO Paolo Ardoino: ‘Bitcoin and Gold Will Outlast Any Other Currency’
Paolo Ardoino’s latest comment about bitcoin and gold echoes Tether’s policy of buying BTC with profits and building up gold exposure.
US gov shutdown enters 3rd week with ETF ‘floodgates’ ready to burst
The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
Citi Plans to Launch Crypto Custody Services in 2026: CNBC
Citi will offer crypto custody services in 2026, becoming the latest mainstream financial entity to delve deeper into crypto, CNBC reported.
*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.*
