PancakeSwap (CAKE) surges to a 10-month high amid a 41% increase in BNB Chain activity, signaling strong user engagement.
Bit Digital expands its Ethereum treasury to $675 million after adding 31,057 ETH, showcasing a growing trend of corporate crypto reserves.
Deutsche Bank projects Bitcoin’s evolution into a modern reserve asset by 2030, echoing gold’s historical role in global finance.
The cryptocurrency market produced a blend of bullish breakouts, treasury movement, and new policy announcements today, as institutional confidence grows in a volatile trading environment. From Pancakeswap's big move to Deutsche Bank's forecast of Bitcoin in central bank reserves, here’s a rundown of today’s biggest stories.
PancakeSwap (CAKE), the decentralized exchange (DEX) token, hit a 10-month peak at $4.34, following a 10% gain in 24 hours as BNB Chain activity rose by 41% over the last month.
The increase in daily transactions (19 million) amid DEX trading volumes increasing by 139% has fueled renewed demand for CAKE, supported by a trading volume increase to $1.71 billion, up 60% in a day.
Technical indicators confirm bullish momentum, as the Chaikin Money Flow (CMF) index read 0.31, showing strong accumulation. If CAKE continues to hold above $4.66, it could move higher to $5.24. Conversely, if it loses support at $4.26, there is a risk of a decline to $3.66.
Bit Digital has announced that they have added 31,057 ETH to its digital asset treasury, which in turn brings its total holdings to 150,244 ETH (worth $675 million).
The firm has made use of the money collected from its last $150 million convertible note funding, which was led by Kraken Financial, Jump Trading Credit, and Jane Street Capital.
The CEO of Bit Digital, Sam Tabar, mentioned this as part of the company’s plan to increase Net Asset Value (NAV) per share.
Bit Digital’s transition from Bitcoin mining to an Ethereum staking and treasury firm highlights the growing institutionalization of ETH-based treasuries, echoing traditional corporate reserve strategies.
Also Read: Ethereum Targets $10K, But This DeFi Crypto Is Set for a Massive 35x Rally
TRON (TRX) has outperformed expectations this quarter by getting a Total Value Locked (TVL) of $6.37 billion, a 5.8% week-over-week increase.
Active addresses crossed 18.23 million, a 2.24% boost, and a sign of the stability of the network.
TRON has overtaken Ethereum in USDT issuance, with over $77.26 billion in stablecoins on its chain, making it the preferred network for low-cost, high-speed transactions.
The Spot Volume Bubble Map shows accumulation by institutional wallets, hinting at a potential breakout if TRX clears $0.35 resistance, targeting $0.44.
Deutsche Bank analysts Marion Laboure and Camilla Siazon projected that Bitcoin could join gold as an official reserve asset in global central bank portfolios by 2030.
The report cites declining volatility, increased liquidity, and finite supply as the main catalysts for this transition.
The study also points to corporate precedents like MicroStrategy’s Bitcoin treasury model, suggesting a broader institutional pivot toward crypto as a hedge against currency debasement and inflation.
Deutsche Bank emphasized that emerging markets are most likely to adopt Bitcoin first, viewing it as a modern safeguard for financial sovereignty.
YZi Labs unveiled a $1 billion Builder Fund to support innovation within the BNB Chain. The fund will focus on DeFi, AI, decentralized science (DeSci), real-world assets, and payments, helping founders scale across BNB’s 460 million-user ecosystem.
The program includes EASY Residency Season 2, offering up to $500,000 in funding and access to global mentors through the Most Valuable Builder (MVB) initiative
BNB Chain recently reached 26 million daily transactions, supported by the Maxwell Hardfork, which reduced block time to 0.75 seconds and slashed fees to 0.05 Gwei, making it one of the fastest and cheapest networks globally.
Also Read: How Bitcoin’s New All-Time High is Lifting Crypto Stocks: Explained
The Bank of England (BoE) is planning to give exceptions to the proposed limits on the amount of stablecoin that one can hold, restricting it to a maximum of £20,000 for individuals and £10 million for businesses.
The policy change is due to the pushback from the industry and to follow the US GENIUS Act, which gives the necessary guidelines for the use of dollar-backed stablecoins.
The BoE may allow crypto exchanges and payment firms to hold higher reserves and utilize stablecoins in settlement trials within its Digital Securities Sandbox.
Governor Andrew Bailey signaled a more open stance, acknowledging that “stablecoins could coexist with traditional finance” if regulatory safeguards ensure public trust.
1. Why is PancakeSwap (CAKE) rallying today?
CAKE’s price surge is driven by a 41% rise in BNB Chain activity and higher DEX trading volumes, signaling strong user and liquidity growth.
2. How much Ethereum does Bit Digital now hold?
Bit Digital’s Ethereum treasury stands at 150,244 ETH, valued at approximately $675 million, after its latest acquisition round.
3. What’s driving TRON’s growing TVL and user base?
TRON’s low transaction fees and dominance in USDT issuance, now over $77 billion, have made it a top choice for stablecoin transactions.
4. Why does Deutsche Bank think Bitcoin could become a reserve asset?
The bank cites Bitcoin’s maturing liquidity, declining volatility, and fixed supply as factors that could make it a hedge like gold by 2030.
5. What changes is the Bank of England considering for stablecoins?
The BoE plans to relax proposed holding caps, allowing exchanges and payment firms greater flexibility as part of its Digital Securities Sandbox initiative.