🔑 Key Insights

1. Bitcoin’s Dominance and Institutional Adoption

👉Price Surge: Bitcoin (BTC) has risen to approximately $98,891, reflecting growing investor confidence.

Institutional Inflows: Significant investments are flowing into Bitcoin ETFs, such as BlackRock’s iShares Bitcoin Trust, which has attracted $6.96 billion year-to-date, surpassing gold-focused ETFs.

Strategic Reserves: The U.S. has established a Strategic Bitcoin Reserve, repurposing over $17 billion in seized bitcoins to bolster national digital asset holdings.

2. Ethereum’s Pectra Upgrade

👉Upgrade Details: Ethereum completed its Pectra upgrade, implementing 11 Ethereum Improvement Proposals aimed at enhancing transaction speed, cost efficiency, and staking capabilities.

👉Market Reaction: Despite the upgrade, Ethereum’s price has seen a modest increase, trading around $1,905, and remains down 45.5% year-to-date, underperforming compared to Bitcoin and competitors like Solana.

3. Regulatory Developments and State-Level Initiatives

👉New Hampshire’s Move: New Hampshire has become the first U.S. state to

investing up to 5% of its reserves in Bitcoin and other high-cap digital assets.

Stablecoin Regulation: The U.S. Senate is set to vote on the GENIUS Act, aiming to regulate stablecoins by ensuring 1:1 reserve backing and enhancing issuer accountability.