Crypto Compass by BitcoinWalletSG #134

📉 Bitcoin & Ethereum Slip as Markets Pull Back After 2025 Highs

Bitcoin and Ethereum eased off recent peaks as traders took profits following fresh 2025 highs. The retreat comes amid broader market consolidation, with investors eyeing Fed policy cues and upcoming Jackson Hole remarks for the next move. Despite the pullback, sentiment remains broadly bullish after months of steady inflows.

🚀 Bullish Crypto Exchange Surges 90% on NYSE Debut, Valued at $13.2 B

Bullish made a splashy debut on the NYSE, with shares soaring nearly 90% to close around $70 and pushing its valuation to $13.2 billion. The $1.1 billion raised reflects strong institutional demand and favorable regulatory momentum. Backed by Peter Thiel and led by former NYSE President Tom Farley, Bullish’s IPO could pave the way for more crypto firms to tap public markets.

🌐 Ethereum’s ‘Catch-Up Trade’ Nears Record High

Ethereum has surged almost 30% in five days, now within 3% of its all-time high of $4,865. Fueling the rally are supportive regulations under the Genius Act, the May Pectra upgrade improving network efficiency, and record inflows into BlackRock’s ETH ETFs. With a potential Fed rate cut on the horizon, ETH is riding strong momentum alongside institutional demand.

⏳ SEC Delays Altcoin ETFs Into Q4

The SEC has pushed back decisions on multiple altcoin ETF filings, including XRP, Litecoin, and Dogecoin. A proposed Ethereum staking ETF from 21Shares was also delayed. The extensions shift reviews into Q4, leaving investors waiting longer for clarity on altcoin-based products. While Bitcoin and Ethereum ETFs continue to see inflows, the delay highlights regulators’ cautious stance toward broader crypto exposure.