Bitcoin stabilizes above $64,000 as traders watch $100 billion SpaceX unlock South Korea’s Kospi falls 4.4% as the AI trade is shaken, and $101 billion worth of SpaceX shares become tradable on Thursday. Bitcoin held above $64,600 on Thursday, edging up on the day and 0.5% over the week, while major altcoins offered little direction. Attention also turned to Elon Musk’s SpaceX, where around $101 billion worth of shares will become tradable on Thursday as the first lockup period ends. The company held 18,712 BTC, worth about $1.1 billion at the end of June. Ether rose more than 1% to $1,904 but remained down 0.7% over seven days. XRP was the weakest among the group, falling nearly 3% to $1.04 and 3% over the week. BNB fell more than 1% to $595, although it still led the majors over the past seven days with a 3.5% gain. Solana fell nearly 1% to nearly $74, and dogecoin declined by the same amount to 7 cents. Tron remained flat at 33 cents. Hyperliquid’s HYPE was little changed at $56 and rose more than 4% over the week, the best weekly performance among major assets. Alex Kuptsikevich of FxPro said in an email that bitcoin has gained momentum since Monday, when buyers stepped in as it fell toward $62,500 and pushed the price back above its 50-day moving average. Optimism is more concentrated in bitcoin than in the broader market, he said, which is typical in the early stages of a long-term shift. The equity backdrop has become less supportive. The MSCI All Country World Index ended a five-day rally by falling 0.2% as chipmakers retreated on both sides of the Pacific. South Korea’s Kospi, a key indicator for the AI trade, plunged 4.4%, with SK Hynix and Samsung leading the losses. The S&P 500 and European futures edged higher. Meanwhile, gold rose 0.4% to its highest level since June as traders reduced expectations for interest-rate hikes, with Brent below $80 per barrel after Iran said it had reached an agreement with Oman on shipping routes through the Strait of Hormuz. SoftBank will report its results later Thursday. The company has invested $34.6 billion in OpenAI through Vision Fund 2 since September 2024 and owns chip designer Arm, making its figures a gauge of whether the private side of the AI trade is still holding up.$BTC ‌$ETH ‌$SOL ‌$XRP ‌

$ETH Come on, come on—short one lot of ETH, guys, take it to 1850.

💰 THE BIGGER ETHEREUM STORY ISN’T PRICE — IT’S WHERE WALL STREET PUTS ITS CASH Wall Street doesn’t need to become a crypto fan to transform the market. It only needs to start using the infrastructure. BlackRock’s expansion of its tokenized Treasury fund on Ethereum is a much bigger signal than another ETH price rally. It shows that traditional finance is increasingly testing Ethereum not as a speculative asset, but as a settlement layer for real-world money. Think about what tokenized cash changes. Instead of waiting for traditional market hours, investors can hold blockchain-based exposure to short-term U.S. Treasuries, receive yield, transfer ownership and settle transactions around the clock. No weekend shutdown. No traditional settlement bottleneck. No waiting for Monday morning. That is the real innovation. And Ethereum wasn’t selected simply because it is the cheapest network. For institutions moving serious capital, reliability matters more than saving a few cents in transaction fees. Ethereum has spent years building the infrastructure around smart contracts, custody, stablecoins, tokenized assets, institutional integrations and developer tooling. More capital creates more scrutiny — and more scrutiny creates a stronger foundation for large financial players. THE TRADER SIGNAL The key metric isn't the headline. Watch the capital flows. When tokenized Treasury products grow, traditional idle liquidity is gradually becoming programmable, transferable on-chain liquidity. That capital can eventually support lending, collateral, settlement, trading and other financial activity. And there is another layer traders should not ignore: Ethereum itself becomes part of the financial infrastructure. Every major institution choosing Ethereum for tokenized assets strengthens the network’s long-term utility narrative. This is not a meme trade. It is a picks-and-shovels story. The biggest opportunity may not come from people buying crypto because they believe prices will rise. It may come from financial institutions quietly moving billions because blockchain makes their existing financial system faster, more flexible and available 24/7. Of course, institutional adoption does not eliminate risk. Smart-contract vulnerabilities, custody failures, regulatory changes and concentration risks remain real. But the direction is becoming harder to ignore: Crypto is slowly moving from an asset people trade… to infrastructure institutions use. The most important Ethereum trade may not be the next candle. It may be the billions of dollars quietly choosing Ethereum as their new financial rail. #BUIDL #Ethereum #OnChainFinance $ETH