The crypto market has front run the broad markets this week with bullish price action across the board, driven by a significant improvement in investor sentiment 🚀 🚀 🚀

Welcome to the Weekly Crypto Market Update:

“I apologise that my USD 120,000 Q2 target may be too low” said Geoffrey Kendrick, Head of Digital Assets at Standard Chartered, in a tongue-in-cheek comment about Bitcoin 🤭

After breaking back through $100,000 on Thursday, Bitcoin temporarily surpassed Amazon to become the 5th largest asset by market capitalization 👏

Ethereum developers successfully activated the Pectra upgrade last week with 11 changes to improve UX, validator ops and Layer 2 scaling - launching $ETH up nearly 50% in the last 7 days 🚀

In an interview on Saudi State TV, Michael Saylor seized the opportunity to offer bold financial advice, urging the nation's $930 billion sovereign wealth fund to invest heavily in Bitcoin.

After pulling the plug on its own crypto token ambitions, Meta is rumoured to be testing the crypto waters again - in discussions about introducing Stablecoins as a means to manage payouts across its platforms 🤩

BlackRock met with the SEC to discuss adding staking features and refining options trading rules for crypto ETFs.

Coinbase CEO, Brian Armstrong, announced that they will become the first and only crypto company to join the S&P 500, sending the stock soaring +24% in one day 😎

Senate Democrats blocked a first-of-its-kind bill dubbed the GENIUS act that aimed to regulate cryptocurrency in the US amid concerns over President Trump’s cryptocurrency dealings 🙄

The Trump family's net worth has increased by $2.9 billion thanks to crypto investments, according to a new report from State Democracy Defenders Action - the president's crypto holdings are now estimated to represent nearly 40% of his net worth.

The US federal court for the Southern District of New York has sentenced former Celsius CEO Alex Mashinsky to 12 years in prison for fraud 🚫

👇 Other Crypto News:

Publicly traded digital marketing firm Asset Entities has agreed to merge with Strive Asset Management to become the first publicly listed Bitcoin treasury company

Tokyo-listed investment firm Metaplanet has expanded its Bitcoin treasury, bringing its total Bitcoin holdings to 6,796 $BTC currently valued at over $706 million

North Korea’s infamous Lazarus Group has been actively trimming its holdings, falling below Bhutan in the hierarchy of nation-state Bitcoin reserves

Armed assailants on Tuesday attempted to kidnap the daughter and grandson of a prominent French cryptocurrency entrepreneur in Paris

Coinbase says Bitcoin miners are struggling to produce $BTC fast enough to meet overwhelming demand and exchanges are running low on supply

Dubai’s Department of Finance announced a partnership with Crypto .com that will allow government service fees to be paid with large-cap cryptocurrencies

And that's a wrap... until next week! 😎