Hey crypto addicts,

The crypto market is moving higher, but beneath the surface, something interesting is happening. Major cryptocurrencies are rallying together rather than showing strong separation between individual sectors or narratives. The market has been described as moving “as one block,” with participation broadening while capital remains heavily concentrated in Bitcoin and Ethereum.

Bitcoin, XRP, and Solana have all posted strong gains recently, yet the broader market has not necessarily entered a true altcoin rotation. Institutional flows remain heavily weighted toward Bitcoin and Ethereum, suggesting investors are still favouring the largest and most established assets.

This creates an important question for the current rally: is the market entering a broader expansion phase, or are altcoins simply benefiting from Bitcoin’s momentum? With price action becoming more synchronized across the market, the next stage could reveal whether this rally has enough capital behind it to develop into a genuine cycle-wide move. ☕

What we’ve covered for you today:

MEXC is expanding beyond crypto trading with the launch of its new Global Card, a Visa-linked virtual card that allows eligible users to spend USDT on everyday purchases. The card also supports Apple Pay and Google Pay, bringing crypto payments closer to traditional card spending.

Users can earn between 4% and 10% cashback in USDT depending on their VVIP tier, with rewards capped at up to 800 USDT per month. MEXC is also waiving purchase fees through September 30, after which fees will start at 1%.

The launch comes as crypto card spending continues to grow, showing that stablecoins are increasingly moving beyond trading and into real-world payments. MEXC's move highlights the industry's broader push to make digital assets more practical for everyday financial activity.☕

GRAM is rebounding toward $1.40 as Telegram begins rolling out its new self-custodial Gram Wallet to selected users. The wallet is being integrated directly into Telegram and will eventually be made available to the platform’s billion-plus users, giving them a simple way to send, receive, and spend crypto.

The rollout has already sparked renewed market activity, with GRAM briefly approaching $1.46 and trading volume jumping significantly around the announcement. The wallet will support instant, fee-free transfers and Telegram Collectibles, while users will retain control of their assets through self-custody.

Telegram is also separating its crypto services, with the existing Wallet in Telegram rebranding as Walt and focusing more on trading, investments, and multichain services. Meanwhile, Gram Wallet will concentrate on everyday payments and transfers.

The rollout could become an important adoption catalyst for GRAM if Telegram successfully converts even a small portion of its massive user base into active crypto users.☕

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Wallets linked to North Korea’s Lazarus Group have reportedly moved more than $30 million in Bitcoin through Hyperliquid over the past three weeks. The funds were converted into Ethereum and Solana before being transferred to centralized exchanges including Kraken, LBank, and KuCoin.

The activity comes at a sensitive time for Hyperliquid, as the platform is reportedly exploring a regulated pathway into the U.S. market. Kraken’s parent company, Payward, is discussing a structure that could allow selected Hyperliquid perpetual contracts to become available to U.S. traders through its regulated derivatives business.

The situation highlights the growing challenge of balancing decentralized trading with regulatory compliance. As Hyperliquid seeks greater access to traditional financial markets, activity involving sanctioned entities could bring additional scrutiny around sanctions screening, customer identification, and transaction monitoring.☕

Strive has purchased another 1,800 Bitcoin for approximately $143 million, paying an average of $79,431 per BTC. The acquisition brings the company’s total holdings to 23,156 BTC, making Strive the fifth-largest publicly traded corporate Bitcoin holder after overtaking Bullish.

Bitcoin entered a volatile monthly close around $78,000 as U.S. bond yields pushed toward multi-year highs. The 30-year Treasury yield reached 5.269%, while the 10-year yield climbed back to 4.76%, creating additional pressure on risk assets. Despite the macro uncertainty, BTC managed to hold its 50-week EMA around $77,269.

Metaplanet has transferred another 4,800 BTC worth roughly $377 million to Coinbase Prime, bringing its total Bitcoin transfers to the platform this week to 10,270 BTC, valued at around $806 million. The large movements have sparked speculation that the Japanese Bitcoin treasury company could be preparing to sell

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