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BIGGEST MOVER: The "Pipes" Are Being Laid (Institutional Infrastructure)

While price action is quiet, the market infrastructure just leveled up. Two major regulatory and institutional wins landed late Friday, signaling that the rails for mass adoption are being finalized:

Ripple (XRP) secured authorization from the UK Financial Conduct Authority (FCA) as a registered crypto asset firm. This clears the way for Ripple to legally operate and expand its payment rails in one of the world's most critical financial hubs.

BNY Mellon (America’s oldest bank) officially launched tokenized deposits for institutional clients. This isn't a pilot—it's live. It allows massive institutions to move collateral and cash 24/7 on private blockchains.

Why it matters: Price is consolidating, but the "plumbing" of the financial system is aggressively switching to crypto rails. This is the structural buy signal large funds look for.

MARKET SNAPSHOT
Global Market Cap: ~$3.09T

BTC Dominance: ~58.5%

Fear & Greed Index: 40 (Fear) — Sentiment remains cautious despite price stability.

Top Movers:

Bitcoin (BTC): ~$90,550 (Steady | +0.5%) — Holding the line after earlier volatility.
Ethereum (ETH): ~$3,086 (Flat) — Still lagging BTC momentum.

Ripple (XRP): +0.5% — News-driven stability; keeping eyes on $2.15 resistance.

BTC Trend (Weekly SMAs)DATA COLLECTION POTENTIAL ERROR: CONSULT ITC FOR MOVING AVERAGES

20-week Simple Moving Average (20W SMA) -

50-week Simple Moving Average (50W SMA) -

100-week Simple Moving Average (100W SMA) -

200-week Simple Moving Average (200W SMA) -

MACRO CONTEXT

S&P 500: Closed the week flat; risk-off sentiment is lingering.
Gold: $4,496 (Strong). Gold continues to bid, signaling a flight to safety that Bitcoin is currently mimicking.

Yields: Stable at 4.18%. No major shocks from the bond market this weekend.

HEADLINES

Ripple’s UK Win: The FCA approval allows Ripple to facilitate cross-border payments legally, a massive step for legitimatizing crypto payments in Europe.
BNY Mellon goes On-Chain: Their tokenized deposit system allows clients like Citadel Securities and ICE to settle transactions instantly, bypassing the slow weekend banking system.

A16z Reloads: Venture giant Andreessen Horowitz raised another $15B, with a significant portion earmarked for "American dynamism" and crypto tech—the dry powder is immense.

ETF FLOWS

Status: Stabilizing.
After a week of choppy outflows, flows flattened out heading into the weekend. The "bleeding" has stopped for now, which is often a precursor to a reversal if Monday opens green.

Signal: Institutional selling exhaustion. The aggressive sellers appear to be done at these levels.

LIQUIDATIONS

Total: Normal / Low.
unlike the volatility seen earlier in the week, the last 24 hours have been clean. No major flush.

Takeaway: The leverage has been reset. The market is trading on spot demand, which makes the $90k floor much more durable.

ON-CHAIN METRICS

Whale Activity: Accumulation.
On-chain data suggests that the $88k-$90k region is being treated as a re-accumulation zone by long-term holders.

Exchange Balances: Continuing to drift lower, confirming that coins are moving to cold storage despite the price stagnation.

DEEP DIVE: The TradFi-DeFi Bridge

The combination of Ripple’s FCA license and BNY Mellon’s tokenized deposits is the "holy grail" of institutional adoption we’ve been waiting for.
The Shift: We are moving from "speculation" (buying coins) to "utility" (using the rails).

The Impact: When Citadel Securities can move millions on a Saturday night using BNY’s blockchain, the argument that "crypto has no use case" is dead. This infrastructure will likely drive the next leg of volume, which won't be retail trading on Coinbase, but banks settling collateral on-chain.

TALKING POINTS

$90k is the new baseline: The market has had every reason to dump (ETF outflows, macro fear) and yet it holds $90k. Strength.
Infrastructure over Price: Don't let the flat price action distract you from the massive regulatory wins this week.

Monday Open: Watch for the ETF flows on Monday morning. If they flip green, this consolidation resolves upward quickly.