1. Bitcoin Soars to Record Heights

$BTC surged to a new all-time high of around $124,480, largely driven by a summer rally fueled by corporate adoption and supportive U.S. regulation. President Trump’s executive order permitting U.S. retirement plans to invest in crypto also played a key role.

•Market optimism is also linked to corporate treasury demand and the successful IPO of Bullish, which further boosted confidence.

2. Bullish Exchange Debuts with a Bang

• Bullish, the cryptocurrency exchange backed by Peter Thiel and owner of #CoinDesk, made a high-profile NYSE debut, valuing the firm at approximately $13.2 billion.

• The strong IPO opening (nearly 62% above initial price) underscores robust institutional interest in the crypto sector .

3. Ethereum’s Long-Term Outlook Gets More Bullish

• Standard Chartered raised its end-of-year Ethereum $ETH price forecast to $7,500 (up from $4,000), citing legislative tailwinds from the U.S. GENIUS Act and increased institutional engagement such as treasury and ETF holdings.

• Bitcoin’s decreasing market dominance (dipping below 60%) is shifting attention to altcoins like ETH, BNB, and Chainlink.

4. OKB Token Skyrockets

• OKB exploded in value, surging over 120% within 24 hours, and at one point gaining nearly 192%—thanks to a historic token burn that dramatically reduced its circulating supply.

5. Trump Family Launches Major Crypto Initiative

• World Liberty Financial—a crypto startup founded by the Trump family—announced a $1.5 billion digital coin initiative, aiming to “democratize” finance by aggressively purchasing its own digital coin.

Market Snapshot

• Bitcoin $BTC Near ATH at ~$124K.

• Ethereum (ETH): Gaining bullish momentum with a new $7.5K forecast.

• Altcoins (e.g., OKB): Some are seeing explosive growth.

• Institutional Involvement: Bullish IPO and strategic policies are bolstering crypto markets.

Summary Insights

1. Bitcoin is cruising past $124K, powered by policy shifts and institutional demand.

2. Bullish’s IPO points to resurging investor faith in crypto infrastructure.

3. ETH’s future looks brighter than ever as regulatory clarity and inflows strengthen its case.

4. OKB’s extreme volatility is a reminder of the high-risk, high-reward nature of altcoins.

5. New crypto projects—like the Trump-backed digital coin—continue to gain attention and reshape the landscape.

#ETHRally #BNBBreaksATH #BTCBreaksATH #ETH5kNext? #DeFiGetsGraded