When state treasuries, Wall Street loan desks, and point-of-sale terminals all pivot to Bitcoin in the same week, you know the market’s center of gravity just moved. We map how the “multi-institution custody” standard is catching fire—just as Square, Amboss and Flash push Lightning into everyday commerce and unlock 9% yields on idle BTC. On the balance-sheet front, Trump Media, GameStop and Cantor Fitzgerald join Tether’s $2 billion mining bet in proving that corporates, miners and Wall-Street desks are all racing to out-stack one another. Meanwhile Texas and Pakistan are writing laws for state-level Bitcoin reserves, and the U.S. Labor Department has green-lit 401(k) exposure.

Last week delivered a rare role-reversal. While equities and long-dated Treasuries buckled under fresh 50 %-tariff threats and another $3.8 trillion spending bill, hard assets caught a bid. Bitcoin sprinted to within a hair of $112k and gold logged its best five-day stretch of the year, reminding investors that the 21-million-cap asset can play a genuine risk-off role when deficits look unfixable. Add record-high Japanese bond yields, a boom in corporate BTC treasuries, and Texas green-lighting state-level reserves, and the signal is hard to miss: capital is seeking harder ground.

Trade tensions eased, producer prices cooled, and bond yields blinked—fuel enough to catapult stocks into a broad-based rally that left the S&P up 5% and the Nasdaq up 7% as Bitcoin held steady. Meanwhile, retailers from burgers to bourbon switched on Lightning at the point of sale. The signal is clear: Bitcoin is migrating from narrative to ledger, from conference key-notes to cash registers.

All eyes turn to Geneva this weekend, but Bitcoin has already priced in optimism. The digital asset jumped nearly 10% to just under $105K, shrugging off listless equity markets and a soft GDP print. As gold catches a bid and oil creeps higher on tariff-truce rumors, corporates keep stacking sats and regulators inch closer to clarity.

From billion-dollar treasury buys to bitcoin-backed credit markets and growing state-level interest, the signal remains clear: institutions are preparing for a different monetary future. Meanwhile, a weakening dollar, rising yields, and stalled trade negotiations continue to pressure legacy frameworks, clearing the path for a finite apolitical money.

From billion-dollar treasury buys to bitcoin-backed credit markets and growing state-level interest, the signal remains clear: institutions are preparing for a different monetary future. Meanwhile, a weakening dollar, rising yields, and stalled trade negotiations continue to pressure legacy frameworks, clearing the path for a finite apolitical money.

This week, the market continued to navigate the complexities of the Trump administration's tariff policies. Bitcoin ended the week roughly flat, but demonstrated resilience versus the broader market, maintaining a price around $84,234 amidst broader market volatility. Despite the flat performance, nation state, corporate, and individual adoption continues to increase.

Tariffs remained the centerstage of focus over the past week, with volatile negotiating tactics translating to turbulent price action across most asset classes. Many investors were reminded of counterparty, issuer, credit, and supply chain risks over the past week, which do not apply to bitcoin.

Tariffs dominated the headlines of the week, as the Trump administration blanketed other countries with "reciprocal" tariffs. Markets reacted very negatively to the tariffs due to inflation and recession concerns. Meanwhile, bitcoin sold off less than anticipated amid the broader market turbulence, setting the asset up for strength when the equity markets eventually bounce back, while hash rate reached new all time highs.