Crypto Market Gains and Institutional Moves Highlight Bullish Trends

The cryptocurrency market continues its positive momentum, with Bitcoin reaching $107,785, up by 0.33%, Ethereum at $2,483, up 1.89%, XRP at $2.21, up 1.26%, BNB at $658.24, up 1.42%, and Solana at $157.24, increasing by 4.27%. Canada has canceled a 3% digital tax on U.S. tech giants' revenue, signaling a possible resolution after Trump's threats, which may lead to negotiations. Notably, #Strategy and #Metaplanet invested $6,385 in Bitcoin, totaling $640 million, making them among the top five Bitcoin holders. BitMine attracted $250 million to establish a treasury in ETH. Kazakhstan is considering creating a government reserve in cryptocurrencies, financed by assets seized and state mining activities. The Moscow Exchange is preparing Ethereum futures linked to BlackRock's ETF, available exclusively for qualified investors. The Russian Central Bank has completed its pilot of the digital ruble, with 100,000 transactions and 2,500 wallets, planning to pilot government payments in the second half of 2025. Crypto funds have seen inflows of $2.7 billion in the past week, primarily into Bitcoin, which accounted for 83% of the inflows, marking the 11th consecutive week of net inflows. Leading gainers include MORI (+90.8%), HFT (+54.6%), and USELESS (+32%), while SAAS (-33.5%), BBT (-19.3%), and APFC (-18.4%) are among the top decliners. This overview reflects the ongoing bullish sentiment and growing institutional interest in the crypto sector.