• The rally extended beyond digital assets as expanded US Treasury bond buybacks weighed on the dollar and revived demand for assets viewed as protection against currency debasement.
• US spot Bitcoin ETFs attracted approximately $1.9bn during the week, their strongest inflows since October 2025, while extensive short covering amplified Bitcoin’s 23.9% rise to $78,724.
• Ether’s 33.2% gain outpaced Bitcoin, but overall market capitalisation rose by the same 23.9% as Bitcoin and dominance increased to 59.6%, indicating the recovery remained concentrated in the largest assets.
• Ether’s annual issuance rate remained unchanged at 0.85%, suggesting its outperformance reflected stronger demand and market positioning rather than a material shift in token supply dynamics.

Bitcoin posts second strongest weekly gain since 2021, topping $80,0000

• Bitcoin advanced approximately 24% over the past seven days, its strongest weekly performance in more than two years, and briefly traded above $80,000 for the first time since May.
• The move followed approximately $1.9bn of US spot Bitcoin ETF inflows, extensive short covering and a weaker US dollar.

Standard Chartered and HSBC complete first tokenised deposit transaction on Swift

• Standard Chartered and HSBC completed the first live cross-border transaction using tokenised deposits through Swift’s blockchain-based ledger.
• The ledger connected the banks’ separate tokenised-deposit systems, matching and netting their obligations before final settlement through existing banking infrastructure.

Coinbase launches tokenised US equities on Base

• Coinbase launched tokenised versions of Apple, Nvidia, Meta and Alphabet shares on Base for eligible investors outside the US, backed by underlying shares with custodian Alpaca.
• Issuing the equities on Base, an Ethereum layer-2 blockchain developed by Coinbase, enables round-the-clock onchain trading while retaining connectivity to the wider Ethereum ecosystem.

Franklin Templeton distributes tokenised moneyfund through HashKey 

• Franklin Templeton partnered with HashKey Exchange, a Hong Kong-based digital asset exchange, to distribute its OnChain US Government Liquidity Fund to professional investors in Asia.
• The tokenised fund primarily invests in US government money-market instruments and US dollar-denominated cash assets.
• The partnership expands regulated distribution of tokenised cash-management products through a licensed Asian digital-asset platform.

Bitcoin.com integrates first UAE-regulated USD stablecoin 

• Bitcoin.com integrated USDU into its self-custodial wallet and will accept the stablecoin for selected services.
• Issued by Universal, USDU is the first USD-backed stablecoin registered with the Central Bank of the UAE as a Foreign Payment Token.
• The stablecoin is backed 1:1 by liquid US dollar reserves held with regulated UAE banks and is subject to monthly independent attestations.

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.