Portofino Mint - 8 September 2025

🚀 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗣𝗼𝗿𝘁𝗼𝗳𝗶𝗻𝗼 𝗠𝗶𝗻𝘁!

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⏱️ This Week in Crypto

This week delivered no shortage of action — from political dynasties reshaping crypto treasuries, to altcoin rotations driving markets, to regulators and banks laying the groundwork for the next era of digital finance.

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📊 Market Highlights: ETH steals the show, BTC stumbles

• Bitcoin (BTC): Failed several attempts at 112k–113k, sold back below 109k, with $500M+ in longs liquidated. Key levels: 112k (bulls reclaim tone), 109.5k (line in the sand), 104k (next stop if support cracks).
• Ethereum (ETH): Tagged all-time highs at $4,900, powered by ETF inflows, stablecoin settlement growth, and call buyers piling in.    👉 Read more about Ethereum’s momentum in our deep-dive analysis: Ethereum’s Next Chapter
• ETFs: Spot BTC ETFs saw $567M inflows (AUM $145B), ETH ETFs added $1.25B (AUM $29.5B). Institutions keep buying the dip.

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💰Flow & Desk Highlights: Macro jitters, leverage stretched

Crypto was the release valve for every Fed and tariff headline, rattling BTC more than equities. Risk appetite stayed high, but cross-asset signals diverged:

• Equities: S&P 500 hit records (+0.5%), China surged +11% on housing easing, while Europe lagged on French political risk.
• Rates & FX: US 10Y yields slipped to 4.2%, dollar firmed, oil rebounded, metals caught a bid.
• Politics: Trump stoked Fed politicization fears by trying to fire Governor Lisa Cook, while tariff spats with India, Mexico, and China added trade noise.

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🏢 Corporates and treasuries: From Trump to Tokyo, balance sheets go crypto crypto

• Strategy: Added 430 BTC ($51.4M).
• Trump Family: Launched World Liberty Financial (WLFI) token, listed on major exchanges.

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🏛️ TradFi & Banks: Wall Street meets Web3

• DBS Bank: Singapore’s largest bank will tokenize structured notes on Ethereum, signaling blockchain’s growing role in capital markets.
• Gemini: Rolled out an XRP credit card (4% rewards) and pushed further RLUSD adoption.

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🪙 Altcoins and Adoption: CRO rockets, SOL shines, LINK links up with Washington

• Solana (SOL): Up 16% to $209, with ecosystem names Raydium and Jupiter outperforming.
• Chainlink (LINK): Jumped +5% on a US Commerce Dept partnership — proving oracles are core to real-world data integration.
• Hyperliquid (HYPE): Double-digit surge as traders rotated into higher-beta altcoins.
• HBAR: Holding fragile support — a BTC rollover could break it.

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📆 What to watch next week: Jobs, flows, rotations, and rules

• Macro data: US Jobs Report (Fri), US ISM Manufacturing PMI & Services (Tue/Thu), Eurozone GDP revision (Fri).
• Crypto flows: Can ETH hold $4,900? Do BTC ETFs keep pulling inflows despite weak spot action?
• Altcoins: Can Solana and Chainlink keep momentum, or does a new rotation leader emerge?
• Regulation: South Korea’s stablecoin framework meetings with Tether & Circle execs could set Asia’s regulatory tone.

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⚡ Big Picture:

BTC feels weighed down in the near term, but institutional accumulation continues. ETH is asserting leadership, altcoin narratives remain strong, and corporate treasuries are embedding crypto into balance sheets. Through the noise, adoption is steadily advancing.

📅 Missed last week’s update? Catch up on all headlines in the previous Portofino Mint.

𝘛𝘩𝘪𝘴 𝘮𝘦𝘴𝘴𝘢𝘨𝘦 𝘪𝘴 𝘧𝘰𝘳 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘱𝘶𝘳𝘱𝘰𝘴𝘦𝘴 𝘰𝘯𝘭𝘺 𝘢𝘯𝘥 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 𝘤𝘰𝘯𝘴𝘵𝘪𝘵𝘶𝘵𝘦 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘐𝘭𝘭𝘶𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘨𝘦𝘯𝘦𝘳𝘢𝘵𝘦𝘥 𝘸𝘪𝘵𝘩 𝘊𝘩𝘢𝘵𝘎𝘗𝘛.

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