The Trump family's growing crypto ecosystem reportedly generated an estimated $2.3 billion in profits, while many retail participants across affiliated tokens and projects have suffered significant losses.

The debate is becoming familiar:

• Celebrity brands attract capital.
• Early insiders profit.
• Late entrants absorb volatility.

Whether viewed as financial innovation or influence monetization, the scale of Trump's crypto operation is becoming impossible to ignore.

The next phase of crypto may be less about technology and more about who controls attention.

Japan's SBI Shinsei Bank is launching a program allowing customers to convert up to 20% of their earned bank interest into Bitcoin, Ethereum, or XRP.

The deposits remain insured.
The principal stays in yen.
Only the earned interest gains crypto exposure.

Meanwhile in the U.S., traditional banks are still navigating regulatory uncertainty around even basic crypto services.

Will crypto adoption come from ETFs and exchanges...

Or from your savings account?

Everyone watches ETF flows.

Few watch Japanese interest rates.

The Bank of Japan is expected to raise rates to 1%, its highest level in decades.

Why traders care:

• Higher Japanese yields can drain global liquidity.
• Carry trades become less attractive.
• Risk assets, including crypto, often suffer.

Bitcoin doesn't just compete with other cryptocurrencies anymore.

It competes with global monetary policy.

🌎 Global Crypto Market Cap: $2.13 Trillion
(-2.57% today)

🥇 Bitcoin Cash (BCH): +28.62%

🥈 Cardano (ADA): +25.28%

🥉 Zcash (ZEC): +25.35%

🏅 Avalanche (AVAX): +21.44%

🏅 Hyperliquid (HYPE): +17.82%

• SOL: +15.91%
• ETH: +14.29%
• TON: +13.54%
• XLM: +12.95%
• LTC: +11.49%

Despite today's market decline, most major assets remain significantly positive on the week.

The rotation appears focused on:

✔️ Legacy altcoins (ADA, BCH, LTC)

✔️ Privacy assets (ZEC)

✔️ High-beta ecosystems (AVAX, SOL)

MicroStrategy's income-focused preferred stock fell alongside Bitcoin before recovering toward par value.

Investors are now watching whether new semi-monthly dividends can stabilize trading.

Crypto never sleeps, and neither does Kalshi. Trade whether BTC ends the day above $100K, whether ETH pumps in the next hour, or whether the market closes green this week. No wallets, no gas fees, no exchange risk — just your read on the market. Institutional volume is up 800% in six months. There's a reason the smart money is here.

Trade $10, get $10 free to start.

Start Trading Crypto Markets

_{Trade responsibly.}

Perplexity's CEO says the company plans to go public in 2028 regardless of market conditions.

While XRP remains down on the month, it has outperformed Bitcoin, Ethereum, and Solana during the latest market decline.

Relative strength continues attracting attention from traders.

Interested in sponsoring this newsletter? ⬇

According to Chainalysis research, a gray-market peptide economy has quietly surpassed $100 million in on-chain activity.

The report highlights how suppliers linked to Chinese chemical manufacturing networks have pivoted into a growing ecosystem of performance-enhancing and research compounds.

The crypto narrative often focuses on:

• ETFs
• Stablecoins
• Institutional adoption

But blockchain remains a neutral financial rail.

As traditional banking restrictions increase globally, niche and gray-market industries continue discovering that crypto offers borderless payments, liquidity, and settlement.

The finding serves as a reminder that adoption doesn't always emerge from Wall Street.