Bitcoin to $150K, SKY Staking, Injective ETF, and Progress in US–China Trade Talks

Crypto

Analyst Predicts Bitcoin to Reach $150,000

A massive inverse head-and-shoulders pattern is forming on the Bitcoin chart, with a potential breakout target of $150,000. The neckline sits around $113,000—if breached, it could trigger a powerful upward move.

James Wynn: Bitcoin Dominance May Delay Altseason

James Wynn believes many investors are overexposed to altcoins and underinvested in Bitcoin. He expects BTC dominance to rise, potentially postponing the altcoin season until Bitcoin hits $120K–140K. A bullish crossover on the daily chart mirrors a previous setup that led to a 49% BTC surge.

Bitcoin Core 30 Proposal Sparks Debate

A major update is proposed for October to raise the limit on non-financial data in BTC transactions from 80 bytes to 4MB. This could become the largest protocol change in Bitcoin’s history and has sparked intense community debate.

Canary Capital Plans Injective ETF

Canary Capital is preparing to file for an Injective Protocol–based ETF, adding to the wave of tokenized investment products.

Siebert Financial Launches $100M Digital Asset Fund

The Nasdaq-listed firm has received SEC approval to raise $100 million for investments in BTC, ETH, SOL, and AI technologies.

SKY Token Staking Launches with 16% APY

Sky (formerly MakerDAO) launched staking for its governance token SKY. In the first week, $568M was staked and $1.6M USDS distributed. Additional rewards include SKY tokens, ChronicleLabs points, future SPK tokens, and Sky Star tokens.

WLFI Moves $52M to Aave, Takes Stablecoin Loan

The Trump-affiliated WLFI project deposited $52M in ETH, WBTC, and stETH to Aave V3, borrowed $7.5M USDT, and transferred the funds to BitGo.

GENIUS Act Heads to Senate Vote

Senator John Thune filed for cloture on the GENIUS Act and its amendment. A final vote is scheduled for this week and will require 60 votes to pass.

South Korea Proposes Legal Stablecoins

South Korean lawmaker Min Byung-deok plans to introduce legislation allowing companies to issue stablecoins and offer crypto lending and margin trading.

Macro

US–China Trade Talks Show Progress

US Commerce Secretary Howard Lutnick called the London negotiations “productive,” with talks lasting over six hours and continuing today. The US may relax restrictions on chip design software, jet engine parts, chemicals, and nuclear materials, in exchange for Chinese concessions on rare-earth exports—while maintaining the ban on high-end Nvidia AI chips.

Top 1% of Americans Surpass Middle Class Wealth

Recent data shows the top 1% of Americans now hold more wealth than the entire US middle class.

Trump Backs Starlink, Not Looking to Cut It

President Trump said he has no plans to eliminate Tesla or Starlink from the White House, calling Starlink a “great service” and wishing Elon Musk well.