Crypto Weekly Recap: SBF Shifts Blame; FDIC Rethinks Rules; UK Opens Door to ETNs, More

Bitcoin surged above $125,559 this week, hitting a new all-time high. This surge occurred amidst the U.S. government shutdown. On-chain data points to $1.6 billion in fresh buying activity and a $92 Coinbase premium, reflecting strong U.S. demand. Analysts now anticipate resistance at $130,000, potentially setting the stage for further price discovery. 2025 spot Bitcoin ETFs saw inflows of $3.24 billion this week, their second-best performance ever, as traders bet on a potential rate cut and improved risk appetite. Meanwhile, BNB hit an all-time high of $1,111.90, fueled by upgrade plans and treasury accumulation. Analysts attribute the steady corporate buying and token burns to driving its rise.