• Bitcoin recovered above $64,000 after US spot Bitcoin ETFs recorded approximately $224 million of net inflows, ending six consecutive sessions of outflows.
• Ether outperformed Bitcoin over the week, extending its recent recovery as capital continued to rotate back into higher-beta digital assets.
• Total digital asset market capitalisation increased by approximately +10%, reversing a portion of June’s broader market weakness.
• Bitcoin dominance remained above 58%, continuing the trend of relative strength in larger-cap digital assets despite improving sentiment elsewhere in the market.

“Tokenisation Can Change the World’s Financial Architecture” – Tobias Adrian, Financial Counsellor & Director, IMF

• The International Monetary Fund (IMF) argued this week that tokenisation should no longer be viewed as an incremental technological improvement, but as a structural change to the architecture of the global financial system.
• In a paper by Financial Counsellor Tobias Adrian, the IMF suggests that programmable assets, shared ledgers and atomic settlement have the potential to fundamentally alter how payments, securities and capital markets operate, while also introducing new forms of systemic risk that will require updated regulatory and policy frameworks.

US spot Bitcoin ETFs return to positive flows

• US spot Bitcoin ETFs recorded approximately +$224 million of net inflows, ending six consecutive trading sessions of withdrawals that had characterised most of June.
• BlackRock’s IBIT accounted for the majority of subscriptions, supporting Bitcoin’s recovery above $64,000.
• The improvement follows several weeks in which ETF flows closely tracked weaker market sentiment.
• Although one trading session does not establish a trend, sustained ETF demand has become one of the principal catalysts through which traditional capital enters the digital asset market

Securitize brings public equity on-chain

• Securitize became the first issuer to make its equity available simultaneously through the New York Stock Exchange and an on-chain blockchain register, allowing investors to access the same security across both traditional and tokenised infrastructure.
• The development reflects an increasingly hybrid approach to capital markets, where blockchain is being integrated alongside established exchanges and custodians rather than positioned as an alternative to them.

Robinhood expands its tokenisation strategy

• Robinhood launched tokenised US equities for eligible European investors while also announcing plans for a dedicated Layer-2 blockchain designed to support tokenised real-world assets and extended-hours trading.
• The announcement adds to a growing number of initiatives focused on applying blockchain infrastructure to traditional financial products, extending the industry’s attention beyond cryptocurrencies towards broader capital markets applications.

Ripple secures one of Europe’s first MiCA authorisations

• Ripple received full authorisation under the European Union’s Markets in Crypto-Assets (MiCA) framework.
• This authorisation allows the firm to provide regulated digital asset services across the European Economic Area to its clients under a single licence.
• The approval follows the conclusion of MiCA’s transitional period on 1 July and marks one of the first major authorisations under Europe’s new regulatory framework.
• As additional firms secure similar licences, the market is expected to become increasingly standardised around a common regulatory perimeter rather than each country having their own rulings.

This weekly financial roundup is for informational purposes only and is not financial, investment, or legal advice. Information is taken from public sources and Nickel takes no responsibility for its veracity.  The information was sourced around the time of publication but may become out of date, even over short periods of time.. Consult a professional before acting.