Everything That Happened in Crypto This Week—A Full Recap

This week in cryptocurrency saw significant institutional investment, with Strategy adding $480 million to their Bitcoin holdings, alongside Trump Media Group targeting a $2.5 billion investment in Bitcoin. The UK announced new regulatory requirements set to start in 2026. Other developments included major trades leading to a loss of $100 million on Bitcoin and the release of the significant PCE Report, influencing market reactions amidst regulatory changes and promotional offers from exchanges like WEEX.

This week in cryptocurrency was bustling with activity, showcasing significant movements in institutional investments, regulatory shifts, and even losses in trading. It seems the market isn’t slowing down anytime soon. Here’s a quick recap of some of the key events shaping the landscape.

As the workweek began, buzz surrounded the growing interest from institutional players. On Monday, Strategy, boasting the largest corporate Bitcoin reserves globally, made headlines by expanding its holdings with an additional $480 million, bringing its total to a staggering 580,000 BTC. Meanwhile, the Blockchain Group, Europe’s first Bitcoin treasury fund, allocated €63 million in convertible bonds in anticipation of purchasing more Bitcoin.

Regulatory changes also made waves, particularly as the UK announced upcoming CARF-based reporting requirements, which will take effect in 2026. These new rules will require cryptocurrency platforms to identify users and provide detailed transactional data to ensure tighter oversight in the sector.

Moving to Thursday, there was more excitement, as Trump Media Group revealed its plans to invest $2.5 billion in Bitcoin. This move marks a significant step for the company, positioning it within the top three Bitcoin holders among public firms. Simultaneously, U.S. Senator Cynthia Lummis highlighted that military officials back the idea of establishing a strategic Bitcoin reserve for economic stability.

And oh, how could we forget? Block, the parent company of Square, announced that Bitcoin transactions will be integrated into its merchant platform by 2026. It seems the enthusiasm for Bitcoin isn’t merely a show of hands; the real shift is happening and fast.

On Wednesday, more institutional news came with Cactus Custody and Chorus One collaborating to facilitate Ethereum staking for institutional investors. BlackRock, the hedge fund giant, appears poised for a $600 million investment in Circle, the firm behind USDC, in exchange for a 10% stake. On a somewhat more dramatic note, the day was marked by the surprising resignation of Elon Musk from his post as head of the Department of Government Efficiency (DOGE) after just five months.

Then Thursday took a rollercoaster turn with reports of a significant trading loss. James Wynn, a notable crypto influencer, lost $100 million in a long Bitcoin position after Bitcoin’s value dropped back to $104,000. The atmosphere was tense as traders appeared to cash in on profits. On a brighter note, the ongoing SEC vs Binance legal battle finally reached resolution after two years. Phemex is gearing up for a massive trading competition, boasting a prize pool of $5 million.

Friday rolled in with the release of the Personal Consumption Expenditures (PCE) Report by the U.S. Bureau of Economic Analysis. This indicator is crucial for the Federal Reserve when it comes to deciding on interest rate adjustments. The SEC also provided new guidance on crypto staking, hinting at a more favourable regulatory approach.

Uphold took a big step forward with XRP staking, launching tests using Flare FAssets, broadening opportunities for DeFi. However, despite minor positive signals, the markets reacted negatively later, losing over $180 billion in a single day, caused by various issues including Trump’s escalating tensions with China and substantial Bitcoin options expiring.

For anyone looking to dip their toes into the crypto scene, WEEX is currently running a promo where new users can snag up to 100 USDT just for signing up and verifying — pretty tempting if you ask me! The week’s whirlwind of events just cements the fact: the crypto world keeps turning, for better or worse.