#Market Outlook#

Bitcoin has recently been trading around $108,000-$109,000. While "crypto week" in Washington and increasing institutional demand are supporting prices, macroeconomic concerns such as new US tariffs announced by US President Donald Trump are limiting the rise.
#Featured News#
* Trump Media & Technology Group (DJT) requested approval from the US Securities and Exchange Commission (SEC) for a cryptocurrency ETF through its social media platform Truth Social. The company also announced plans for a $3 billion crypto investment.
* Donald Trump's postponement of the start of new bilateral tariffs until August 1st supported the Bitcoin price. Trump states that digital assets are the future.
#Corporate and Banking Developments#
* The largest US banks are considering issuing a joint stablecoin.
* In Türkiye, banks are also opening the way to offer custody services for crypto assets, and seven banks have applied to the Capital Markets Board (CMB) for this service to date.
* The CMB has introduced a "proof of reserve" regulation for crypto asset platforms.
#Japan and Bitcoin#
* Metaplanet, the world's fifth-largest publicly traded company by Bitcoin reserves, is entering the second phase of its Bitcoin-based expansion plan in Japan.
#Crypto Bans in Russia#
* Cryptocurrency is banned in two regions of Russia. Furthermore, as part of the EU's 16th package of sanctions, the wallets of Russian cryptocurrency exchange Garantex were blocked by the stablecoin Tether, temporarily suspending its operations.