Hi Siai,

Another week, another set of big moves across crypto and global markets. Bitcoin reacted to oil price shocks, institutions continue expanding their crypto ETF offerings, and regulatory coordination in the U.S. is beginning to take shape. Meanwhile, activity on networks like XRP continues to grow even while token prices struggle to keep up.

Before we dive into the news, here's what's been happening at Day1x this week.

DAY1x UPDATES

• Leaderboard Winners
  Last week's leaderboard winners were DoomCryptoTempest941152172, ustrail2001, Ralz373, taking home the top spots and rewards. Congratulations to everyone climbing the ranks.

• Corporate Accounts Are Now Live
  We've officially launched Corporate Accounts on Day1x.
  
  This allows you to manage both personal and company portfolios under a single login, making it easier to separate trading activity while keeping everything accessible in one place. If you already have a personal account, simply log in, navigate to Accounts, and click Add Corporate Account to get started.

CRYPTO NEWS

• Bitcoin Climbs After U.S. Treasury Attempts to Calm Oil Markets
  Bitcoin moved higher after U.S. Treasury Secretary Scott Bessent announced temporary authorization allowing countries to purchase Russian oil currently in transit, a move aimed at easing supply pressures following a sharp surge in oil prices toward $100 per barrel. The announcement helped stabilize energy markets and calm some broader economic fears, with bitcoin climbing toward $72,000 as traders reacted positively to signs that energy-driven inflation pressures could ease.

• What $100 Oil Could Mean for the Bitcoin Network

  Research from Luxor shows that only 8–10% of Bitcoin mining power operates in electricity markets closely tied to oil prices, primarily in Gulf countries like the UAE and Oman. The vast majority of the network relies on power sources such as natural gas, coal, hydro, or nuclear, meaning oil price spikes have limited direct impact on mining costs. The bigger risk, according to analysts, is that geopolitical shocks push global markets into risk-off mode, which historically has a stronger influence on Bitcoin's price than mining expenses.
  

• BlackRock Expands Crypto ETF Strategy with Staked Ethereum Fund
  BlackRock continues to deepen its presence in crypto markets. After its iShares Bitcoin Trust (IBIT) dominated inflows with over $115 million in a single day, the asset manager launched a new staked Ethereum ETF (ETHB) on Nasdaq. The product allows investors to earn staking yield while holding ether, distributing most rewards to investors after fees. With more than $130 billion now across its crypto ETF products, BlackRock's move could open the door for future staking-enabled ETFs tied to networks like Solana and Cardano.
  

• Investor Loses $50 Million in One Costly DeFi Mistake
  A crypto investor accidentally swapped more than $50 million worth of USDT-backed tokens for just $36,000 worth of AAVE, after executing a trade with extreme slippage. Despite warnings from the interface, the transaction was confirmed manually, resulting in a massive loss. Aave founder Stani Kulechov later confirmed the event and said the protocol would return around $600,000 in collected fees while reviewing safeguards to help prevent similar incidents.
  

• XRP Network Activity Surges While Token Price Lags
  The XRP Ledger is seeing record activity, with daily payments surpassing 2.7 million transactions, automated market maker pools approaching 27,000, and tokenized real-world assets reaching $461 million in value. However, XRP itself remains well below its previous peak, trading significantly lower than its late-2025 highs. Much of the network activity is driven by stablecoins and tokenized assets that use XRP briefly as a bridge currency, meaning growing usage does not always translate directly into sustained demand for the token.
  

• SEC and CFTC Move Toward Coordinated Crypto Regulation
  The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission have signed a memorandum of understanding to coordinate oversight of digital assets. The agreement will include joint meetings, shared data, and aligned regulatory responses to firms operating in the sector. The move signals an attempt to end years of regulatory overlap between the agencies, although broader market structure legislation for crypto still remains stalled in the U.S. Senate.

THE BOTTOM LINE

Crypto markets continue to react to a mix of macro economics, geopolitics, and institutional developments. Oil shocks and global tensions are influencing short-term market sentiment, while institutional players like BlackRock continue expanding crypto investment products. At the same time, growing blockchain activity across networks like XRP highlights how adoption can increase even when token prices lag. For now, Bitcoin remains the center of gravity for the market, with traders watching macro signals and institutional flows for the next major move.

That's it for this week.

Stay sharp, trade smart, and we'll see you again in next week's update.

Michael Chmielewski
Head of Growth & Product