TL;DR

UK eyes $7B Bitcoin sale; Ethereum hits $3,800; CoinDCX hacked for $44M, covers losses.

Highlights

• UK government may sell £5B ($7B) in seized Bitcoin from a 2018 Ponzi scheme to address fiscal shortfalls, with a framework being developed for liquidation1.
• Indian exchange CoinDCX lost $44M in a server breach targeting an operational wallet; customer funds unaffected, losses covered by treasury, Web3 trading paused2.
• Ethereum rallied to $3,800, its 2025 high, with market cap above $450B; derivatives and ETF staking optimism drive institutional flows3.
• MicroStrategy reported a $14B Q2 gain on Bitcoin holdings, underscoring its ongoing accumulation and yield strategy4.
• ECB expected to hold rates amid U.S.-EU trade tensions and a dense week of global economic data6.
• EU prepares tariffs on U.S. services in response to Trump’s threatened 30% duties on EU goods7.
• Trump and Xi may meet at October APEC summit as U.S.-China trade talks intensify before August deadline8.
• Nvidia ’s China AI chip sales remain limited by TSMC capacity, despite eased U.S. export restrictions5.
• Microsoft warns of global exploitation of a critical SharePoint zero-day (CVE-2025-53770); urgent mitigation recommended10.
• Tesla to report Q2 earnings with shares down 20% YTD; focus on robotaxi plans and BYD competition9.

Commentary

The UK’s consideration of a £5B Bitcoin liquidation stands out as a potential supply event for the market1. While no timeline is set, the scale and government involvement warrant close monitoring, especially as similar actions by other jurisdictions could add pressure to spot markets1. Traders should be alert for official statements and any signals of coordinated government crypto sales.

Ethereum ’s strong rally to $3,800 is supported by both spot and derivatives activity, with open interest in futures and options reflecting deepening institutional engagement3. Optimism around U.S. spot ETF staking features is a key driver, and any regulatory updates here could further impact flows and volatility3. MicroStrategy ’s $14B Q2 gain reinforces the narrative of Bitcoin as a corporate treasury asset, with yield strategies gaining traction4.

Security remains a concern after CoinDCX’s $44M hack, though customer assets are reportedly unaffected and the exchange is covering losses2. The incident, alongside recent major breaches in the region, may keep regulatory scrutiny high for centralized platforms, with knock-on effects for both CeFi and DeFi sentiment2.

Macro conditions remain fluid: ECB rate decisions6, U.S.-EU tariff threats7, and the prospect of renewed U.S.-China talks8 all add to global risk. Nvidia ’s supply chain issues and Microsoft ’s zero-day exploit highlight ongoing tech vulnerabilities that could indirectly affect crypto infrastructure and sentiment510.