Crypto markets took a hit at the end of last week as the Trump vs Musk feud escalated like a bad soap opera, but Bitcoin managed to hold above $100,000.00 and lead a strong recovery into the new week as bullish optimism returned to the markets 👏 👏 👏

👇 Welcome to the Weekly Crypto Market Update:

JPMorgan is preparing to accept Bitcoin ETFs as collateral for loans globally, in a remarkable shift toward crypto integration across traditional finance 🏦

Twenty One Capital is intensifying competition with Michael Saylor’s (Micro)Strategy - last week, CEO Jack Mallers proudly announced: “our proof of reserves is now live! Anyone, anywhere can audit and verify that we hold the $BTC we claim to own. Try doing that with gold!”

Circle Internet Group, issuer of USDC Stablecoin, priced its IPO above the expected range at $31.00 per share, giving the company a total market value of $6.8 billion. CRCL shares then reached a high of $123.51, just shy of quadrupling the IPO price 🤑

Gemini, the crypto company founded by the Winklevoss twins, is also eyeing up the stock market having confidentially listed their IPO in the U.S. Watch this space! 🤫

A digital asset company called Magic Eden has collaborated with the firm behind $TRUMP meme coin to announce the launch of Official $TRUMP Wallet - but the President's sons, who run Trump's crypto businesses, say they have no involvement with the offering 😂

The Swiss Central Bank has disclosed an additional $38.00 million purchase of (Micro)Strategy stock as Michael Saylor purchased another 1,045 Bitcoins - taking the total treasury to 582,000.00 following a $1.00 billion capital raise.

In an interview with Bloomberg, Michael Saylor said: “Winter's not coming back, we’re past that phase. Bitcoin is not going to zero, it's going to a million dollars.” 🤔

Saifedean Ammous, author of the “Bitcoin Standard”, has issued a warning “If your business model can’t survive an 80% Bitcoin drawdown, rework it now. $BTC has crashed -70% to -80% before, and it can happen again.” 😵

Financial crime and money-laundering regulator AUSTRAC has announced new controls on crypto ATM operators, including $5,000.00 transaction limits.

According to a new survey by Australian exchange CoinSpot, Baby Boomers are the fastest-growing demographic in crypto, with their numbers doubling in the space of a year, as they warm to crypto despite some lingering suspicions.

👇 Other Crypto News:

🔘 Trump Media has filed for a spot Bitcoin ETF as they prepare to join the increasingly competitive field of crypto investment products

🔘 Pump .fun plans to raise $1.00 billion in a token sale, based on a $4.00 billion valuation

🔘 Crypto exchange MexC is rumoured to be working on a 1000x leverage product. Good luck to anyone willing to play those odds!

🔘 The Bitcoin Family have revamped their security after the recent run of crypto kidnappings

🔘 Uber once again said that they are considering crypto payments

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