Sonnet BioTherapeutics is no longer just a cancer drug developer. Its $888 million merger will place it among the largest HYPE holders, blurring the lines between traditional finance and decentralized protocols in a high-stakes treasury experiment. According to a July…

Sonnet ditches biotech dreams to anchor a $583m HYPE token reserve

Bitcoin rose above the $122,000 mark on Monday. According to data from 
CoinGecko, prices briefly topped that level before pulling back slightly. The 
jump comes in the face of strong inflows into spot bitcoin ETFs and growing 
institutional interest. Traders watched as the largest cryptocurrency by 
market cap set yet another record. Related Reading: Kiyosaki Awaits The Next 
Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’ Bitcoin ETFs Explode Based 
on reports, Bitcoin ETFs saw $1.20 billion flow in on Thursday alone. That was 
the biggest single‑day haul of 2025. Last week, QCP Capital said institutional 
flows into spot BTC ETFs topped $2 billion. These numbers suggest big players 
are betting on more upside. Open interest on futures now exceeds $43 billion. 
Funding rates on perpetual contracts are climbing too, showing crowded long 
positions. US President Donald Trump has voiced his support for clearer crypto 
rules. And on Monday, the US House of Representatives began debating a package 
of crypto bills aimed at giving firms more certainty. Companies have been 
adding bitcoin to their treasuries, with some corporate holdings rising by 
double‑digit percentages this year. According to BTSE COO Jeff Mei, 
longer‑term institutional buyers are driving prices higher. He forecasted that 
bitcoin could hit $125K “in the next month or two.” Mei also warned that trade 
disputes with the EU, Mexico and other partners might cause dips, but said 
buyers are holding firm. Rising Demand From Big Players Trading desks and 
crypto exchanges say they have seen fresh corporate orders. Some firms are 
buying blocks of 100 BTC or more at a time. Others are using dollar‑cost 
averaging to ease in gradually. Even smaller funds are boosting allocations, 
pushing aggregate demand higher. With every new all‑time high, more headlines 
appear and more investors pay attention. That creates a feedback loop: rising 
prices attract inflows, which lift prices further. It the entire price history 
of Bitcoin was a fruit, what fruit would you say it was? 
pic.twitter.com/FPEU1bUvnf — Peter Brandt (@PeterLBrandt) July 13, 2025 
Technical Warning Signs Emerge Meanwhile, veteran trader Peter Brandt caught 
attention over the weekend with his “banana” chart. He sketched bitcoin’s 
entire price history as a curved arc. The top of that arc sits near current 
levels, hinting at a ceiling where past rallies ended in sharp drops. 
Parabolic moves have a habit of reversing quickly. In just seven days, Bitcoin 
climbed from about $108K to over $122K—roughly a 14% rise. High funding rates 
and record open interest signal froth, and that often precedes pullbacks. 
Related Reading: XRP To Hit $4 This Week? This Crypto Expert Thinks So Watch 
For Pullbacks And Breakouts Traders now face two scenarios. If institutional 
buyers keep adding, new highs may follow and $125K could fall within reach. 
But if ETF purchases slow or leveraged longs get squeezed, a 10–20% correction 
would not be surprising. Featured image from Vecteezy, chart from TradingView

$122,000 And Climbing: Bitcoin Sets New Record As ETFs Drive Demand

U.S. banking regulators have issued a statement clarifying the rules around 
cryptocurrency safekeeping, or custody, by banking organizations. The Board of 
Governors of the Federal Reserve System, the Federal Deposit Insurance 
Corporation and the Office of the Comptroller of the…

Federal Reserve, FDIC and OCC clarify crypto custody rules for banks

US banks can now offer crypto custody services following new Federal Reserve 
guidance, opening doors for institutional adoption.
The post Federal Reserve clears US banks to custody crypto assets including 
Bitcoin appeared first on Crypto Briefing.

Federal Reserve clears US banks to custody crypto assets including Bitcoin

Bitcoin looks poised for an extended rally to $138,000 according to market 
cycle history and the current weekly trend.

Bitcoin charts, market cycle history hint at 15% short-term push to $138K

Kazakhstan’s central bank is drawing on lessons from Norway, the US and Middle 
East in developing its crypto strategy.