Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.

Grab a coffee as we explore the macro trends moving markets, from Bitcoin’s emergence as a global benchmark asset to Wall Street’s accelerating push into stablecoins. As bond market volatility rattles traditional finance, capital is rotating fast—and crypto is where it’s landing. Here’s everything you need to know to stay ahead today.

Crypto News of the Day: Bitcoin Goes Mainstream: How Global Instability Is Turning BTC Into a Macro Benchmark

Global bond markets are under renewed stress, with dismal auction results stirring fear across traditional risk assets. In Japan, the Bank of Japan’s JGB auction was the worst since 1987, while in the US, the 20-year Treasury auction closed at 5.104%, sharply higher than the previous 4.810%. This turmoil is reigniting demand for safe havens—both physical and digital.

“Global bond markets are seeing poor auction results. Japan BOJ JGBs had the worst auction since 1987, while the US 20yr auction today closed 5.104% (vs) 4.810% previously. This has brought back fear into risk-assets, causing Gold to rally back to $3322 (up +$200 from last week’s low). Today we’re seeing the ‘digital gold’ bid come back for Bitcoin. This is causing Bitcoin dominance to return as it continues to outperform altcoins (which are trading as pure risk-assets). There’s still the potential for Bitcoin to hit astronomical prices if some world central banks (or any one major central bank) begins to buy Bitcoin instead of regular gold as a diversification. Today we’re seeing many private companies do this, which is lifting Bitcoin to new ATHs.” – Greg Magadini, Director of Derivatives, Amberdata

That rotation is already playing out in real time. As global sovereign debt becomes less attractive, yield-seeking capital is flowing into alternatives—Bitcoin is chief among them.

“Looks like US debt isn’t too attractive right now given the global mess. Investors are hunting for yield, and Bitcoin’s where they’re parking capital.” – Dave Sedacca, Director of Finance at Parity Technologies

What’s becoming clear is that Bitcoin is no longer a fringe asset—it’s entering the institutional mainstream.

“Bitcoin breaking through $110K reflects the new reality: it’s no longer a fringe asset—it’s a macro instrument. ETF inflows, sovereign interest, and structurally limited supply are driving institutional demand at scale. For funds sitting on cash in a low-yield world, Bitcoin is starting to look less like a risk and more like a benchmark.” – Mike Cahill, CEO of Douro Labs, a leading contributor to the Pyth Network

And as institutional demand meets Bitcoin’s hard-coded scarcity, its price action is becoming a reflection of broader capital cycles.

“We’re seeing what happens when structurally constrained supply meets reflexive institutional demand. This isn’t just speculation—it’s systemic repricing. Bitcoin is now part of macro portfolios, and that means price action is being driven by the same capital rotation and liquidity cycles that move traditional markets.” – Doug Colkitt, Initial Fogo Contributor

Wall Street’s Stablecoin Push: Big Banks Prepare for a $3.7 Trillion Digital Asset Future

Major US banks—including JPMorgan, Bank of America, Citigroup, and Wells Fargo—are in early discussions to jointly launch a stablecoin, aiming to reclaim ground in the digital finance space.

The effort is being coordinated through shared entities like Early Warning Services and hinges on upcoming legislation, especially the GENIUS Act, which could soon pass in the US Senate.

With the stablecoin market projected to reach up to $3.7 trillion by 2030, banks are positioning themselves to compete with crypto-native and tech-driven payment platforms. Lawmakers, including Senator Cynthia Lummis, emphasize the need for regulatory clarity to maintain US leadership in financial innovation.

“I predict stablecoin growth to $2 trillion, as well as the US. Treasury’s note where this forms the basis of their stablecoin forecast, as the point of the stablecoin Act is that stablecoins will further legitimise the whole asset class, all boats rise,” Standard Chartered Head of Digital Assets Research Geoff Kendrick said in an email.

Chart of the Day

Byte-Sized Alpha

Here’s a summary of more US crypto news to follow today:

• Over $3.3 Billion in Bitcoin and Ethereum Options Expire Today Following Bitcoin’s All-Time High
• US Banking Giants JPMorgan, Bank of America, and Others Eye Joint Stablecoin Launch
• Robinhood lists MOODENG and MEW, Sparking 20% Rally
• SEC Hits Pause on XRP and Litecoin ETFs While TRX Staking Fund Advances
• Bitcoin Price Surge Explained: What’s Next for BTC After Hitting $111,980 All-Time High?
• Worldcoin’s WLD Token Soars to 3-Month High After $135 Million Investment
• ETF Inflows Hit 1-Month High as Bitcoin Sets New Record | ETF News

Crypto Equities Pre-Market Overview