Catalysts in sight
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 26th June 2025.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
Bitcoin Touches $108K After Mortgage Rule Tweak, Among Other Fresh Driving Forces
On Wednesday, William J. Pulte, director of the U.S. Federal Housing Finance Agency (FHFA), ordered a pair of quasi-governmental home loan backstop entities, Fannie Mae and Freddie Mac, to “prepare a proposal for consideration of cryptocurrency as an asset for reserves in their respective single-family mortgage loan risk assessments."
Which means the two mortgage-buying enormities could soon take homebuyers’ crypto holdings into account, potentially paving a driveway for digital assets to make it into mainstream portfolios.
Bitcoin, earlier today, parked itself on the shoulder of $108K for a hot-as-asphalt half-hour. BTC's oven-fresh handle got notched just before the blazing sun showed up to menace the East Coast.
Other distinct macro catalysts are manifesting, turning up the heat:
- Pipes of peace have supplanted the drum beats of war.
- Dollar diminishment is occurring at a rate not seen in three years.
- Fed watchers now increasingly sense a rate cut coming, producing a jolt of extra liquidity.
- ETFs are on a 12-day bender as nearly $4B has come into U.S.-listed spot BTC products.
One macroeconomist, Lyn Alden, pointed out how, despite recent geopolitical tensions, the dollar barely “got any flight-to-safety bid.”
Echoing a similar sentiment, Real Vision crypto analyst Jamie Coutts, per Cointelegraph, declared that “fiat is fading.”
Over the past week, Bitcoin Cash (BCH) gained 7% to get close to $500. Among Top 30 digital assets, in a sign of the times, it is BCH boasting the finest seven-day stretch.
And right this moment a trendy AI token is staging its own private heat wave after Nvidia's banner day on Wall Street. No. 338 AI Companions (AIC) just surged 80% in 24 hours. The platform bills itself as a facilitator of interactive digital relationships, combining AI, VR, AR and blockchain technologies to create personalized virtual partners.
As for the most dominant AI chipmaker, Nvidia saw its shares gain 4% on Wednesday to hit an all-time high of $154, giving it a market capitalization of $3.6 trillion, or in line with the annual nominal GDP of Great Britain.
A Loop Capital analyst Ananda Baruah has raised his price target to $250, suggesting NVDA's market cap could climb to $6T.
What's down
Biggies Look To Cure Summertime Blues
At one point late last night, Bitcoin tasted $108.1K. It got close to that level again at 4:30 a.m. (EST).
However, just when it seemed like the most enormous crypto was primed to pump back closer to its record high near $112K, it instead pulled back.
As of 7:37 a.m. (EST), BTC had settled at a level closer to $107K. Putting on our glass-half-empty goggles, and looking back at the past month, we can't help but notice BTC is in a slump, down 2.3% in that 30-day span.
Meanwhile, a pair of popular altcoins, ETH and XRP, also find themselves mired in monthly mediocrity. ETH has shed 7% since the tail-end of May, deemed by some as the unofficial start of summer. XRP fell 6% in that same period.
What's next
Unicorns Roam Freely Across Prediction Markets
Polymarket can take a victory lap or two. The crypto-native prediction markets platform correctly called the surprise victory for political newcomer Zohran Mamdani in New York City's Democratic mayoral primary earlier this week. At the same time the platform nailed down $200M in funding, giving it a valuation of more than $1B, according to Decrypt.
Unicorn status has also been bestowed upon predictions market startup Kalshi. Tarek Mansour, the firm's co-founder and CEO, on Wednesday confirmed it has raised $185M, snagging a valuation in the neighborhood of $2B. The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo and Bond Capital.
Mansour, per Cointelegraph, said the funding will be used to expand Kalshi’s technology team and integrate its prediction contracts into more brokerage platforms.
Kalshi also is in the midst of a push into crypto. Last year, the firm debuted an integration with Zero Hash, a crypto infrastructure provider, to accept digital asset deposits. Ahead of the November presidential election, Kalshi began accepting USDC deposits. The platform also currently accepts Bitcoin, Worldcoin and Solana.
