Kazakhstan and Bitcoin Reserves?- Market Info

The cryptocurrency market has grown significantly over the past two weeks. The total market capitalization has increased by approximately 12.9% and currently stands at 3.23 trillion euros. Bitcoin’s market share has declined slightly and Bitcoin’s dominance has reached 63.8%.

Investor sentiment in the cryptocurrency market has improved with Bitcoin reaching a new price high as well as the rise of altcoins. The Fear & Greed Index is at 70 points out of 100, signaling good mood and optimism in the cryptocurrency market.

Kazakhstan and Bitcoin reserves?

Kazakhstan is taking a bold step toward digital assets, aiming to integrate cryptocurrencies into its state reserves. According to a press release from the local portal Kursiv, the National Bank of Kazakhstan (NBK) is considering adding digital assets to its reserves, which currently consist mainly of gold and foreign currencies, as well as to the National Fund. At a press conference, the bank’s governor, Timur Suleimenov, stated that the move is inspired by strategies of countries like Norway, the U.S., and Middle Eastern states that already invest in cryptocurrencies, ETFs, or shares of companies related to the crypto sector.

This initiative is part of Kazakhstan’s broader vision to strengthen its position in the global crypto space. In addition to reserves, the country plans to create a fund for storing cryptocurrencies seized by law enforcement and obtained through legal mining. Kazakhstan is already a significant player in crypto mining—in 2021, it ranked second in the world by hash rate, which measures the computing power required to mine Bitcoin. Despite this, the country lags in retail crypto adoption, ranking only 57th out of 151 countries in the 2024 Global Adoption Index.

Kazakhstan’s plan, however, remains cautious. Suleimenov emphasized the high volatility of cryptocurrencies, which brings the potential for substantial returns but also significant risks. Therefore, the NBK is proceeding prudently and focusing on regulated strategies. At the same time, the country is tightening its rules—crypto trading will only be allowed on exchanges authorized by the Astana International Financial Centre (AIFC). Additionally, the city of Alatau in the Almaty region is developing a so-called “CryptoCity,” where cryptocurrencies will be tested as a payment method.

Kazakhstan is demonstrating how a country can combine innovation with regulation. This bold plan could inspire other nations and strengthen Kazakhstan’s position as a crypto leader in Central Asia. It will be interesting to see how this situation ultimately unfolds. Source

Czech National Bank invests in crypto companies

The Czech National Bank (ČNB) has taken a bold step toward cryptocurrencies. In the second quarter of 2025, it purchased a total of 51,732 shares of cryptocurrency exchange Coinbase Global for more than $18 million, marking its first indirect entry into the crypto sector. Additionally, it increased its stake in Palantir Technologies, a leader in artificial intelligence, by 49,135 shares, bringing its total holdings to 519,950 shares. These details were revealed in the latest 13F filing with the U.S. Securities and Exchange Commission (SEC).

This strategic move reflects the growing interest of central banks in digital assets and AI-driven technologies. Coinbase, which joined the S&P 500 index in May 2025, saw its stock rise by 41% in the first half of the year, surpassing analyst expectations. Palantir, known for its data analytics platforms, recorded an even more impressive gain of 80%, significantly outperforming the S&P 500’s 5.5% growth.

The ČNB’s investment in Coinbase signals confidence in the continued institutional adoption of cryptocurrencies, supported by increased regulatory clarity in the U.S. following the approval of Bitcoin ETFs in 2024. Meanwhile, the expanded position in Palantir highlights interest in AI as a key sector of the future, particularly given the company’s government contracts and advanced data analytics tools.

Governor Aleš Michl previously hinted at plans to allocate up to 5% of the bank’s reserves (5% of €140 billion) to Bitcoin, suggesting that the Coinbase investment could be just the first step toward more direct involvement in the crypto sector. This move underscores a global trend in which institutional investors increasingly diversify their portfolios toward innovative technologies.

The ČNB demonstrates how traditional financial institutions can leverage the potential of cryptocurrencies and AI to strengthen their portfolios. It will be interesting to see whether this trend inspires other central banks. Source

Bitcoin becomes the fifth largest asset in the world

Bitcoin has reached a historic milestone. With a market capitalization of $2.43 trillion, it has surpassed Amazon to become the fifth largest global asset. The price of Bitcoin climbed to an all-time high of $123,000, narrowing the gap with Apple, whose market value is “only” $730 billion higher. According to data from Companies Market Cap, Bitcoin had already overtaken Alphabet (Google) and silver, solidifying its growing dominance in the global financial market.

Several factors are driving this achievement. Institutional investments have hit new highs, with U.S. spot Bitcoin ETFs experiencing record inflows. According to Cointelegraph analysts, a seven-day buying frenzy of Bitcoin ETFs significantly boosted Bitcoin’s price, further supported by large-scale purchases from so-called “whales.” Legislative progress in the U.S., including the approval of Bitcoin and Ethereum ETFs and various pro-crypto policies from Republicans, has also fueled this rally.

Bitcoin is increasingly establishing itself as a legitimate asset class. Market analyst Enmanuel Cardozo commented on Bitcoin’s surge, stating, “With institutional giants like BlackRock and MicroStrategy continuously increasing their portfolios and a shift in the regulatory landscape, Bitcoin’s legitimacy is no longer in question.” This trend is further supported by the global macroeconomic environment, where weakening fiat currencies and growing debt make Bitcoin an attractive alternative.

The cryptocurrency market as a whole is experiencing a significant revival. The total market capitalization of digital assets has reached $3.78 trillion, with altcoins like Cardano, Ethereum, and Ripple posting gains of more than 20% over the past week. Source

Crypto Week in the U.S.: Will three key crypto bills pass?

The U.S. Congress kicked off so-called “Crypto Week” on July 14, 2025, during which lawmakers are debating three significant pro-crypto bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. These proposals could dramatically shape cryptocurrency regulation in the United States, but their fate remains uncertain after an initial procedural vote in the House of Representatives failed on Tuesday.

The CLARITY Act aims to establish a clear framework for the crypto market’s structure, define the roles of regulators like the SEC and CFTC, and streamline the classification of digital assets. The GENIUS Act focuses on regulating stablecoins to ensure their safe use and promote institutional adoption. Meanwhile, the Anti-CBDC Surveillance State Act addresses concerns about central bank digital currencies (CBDCs), which critics argue could threaten citizens’ privacy and expand government financial control.

The first procedural vote on July 15, 2025, failed due to opposition from some Republicans over CBDC-related provisions and fears of insufficient safeguards against state surveillance. However, President Trump indicated that after further discussions in the Oval Office, another vote is expected, which could lead to progress. Analysts at Cointelegraph believe there is a strong chance that at least the CLARITY and GENIUS Acts could pass if internal party disputes are resolved.

The crypto community is watching developments closely. These laws could bring long-awaited regulatory clarity to the industry. Successful passage would likely boost investor confidence and accelerate the adoption of not just Bitcoin but also other cryptocurrencies, including stablecoins. Conversely, failure could delay regulatory progress and hinder the growth of digital assets. Source

US inflation accelerated in June

June inflation data in the United States brought an unexpected surprise. The Consumer Price Index (CPI) rose 2.7% year-over-year, exceeding analysts’ expectations of 2.6%. Core inflation, which excludes volatile sectors such as food and energy, came in at 2.9%, in line with forecasts.

Some analysts attribute this uptick to tariffs introduced by President Trump, which are starting to impact the economy. Previous months saw declines in energy prices and a slowdown in housing inflation, but June’s reversal signals new challenges for the Federal Reserve and the Trump administration.

Bitcoin reacted immediately after the news, briefly dropping to a local low of $115,700 on Tuesday. However, the dip didn’t last long; Bitcoin quickly rebounded and is currently trading around $119,000. Although still about $4,000 below its all-time high of $123,000 reached on July 14, 2025, the cryptocurrency is up more than $10,000 since last Wednesday.

Rising inflation and tariffs strengthen Bitcoin’s position as a potential store of value. Investors are closely watching the Federal Reserve’s next moves as it faces pressure from Donald Trump to cut interest rates. On Tuesday evening, Trump stated he wants the Fed to slash rates by a full 3 percentage points — something that has never happened in history. Trump has long criticized Fed Chair Jerome Powell for cutting rates too slowly, arguing that this costs the country hundreds of billions of dollars annually.

This development highlights Bitcoin’s growing relevance during periods of macroeconomic uncertainty. Its ability to recover quickly from price dips signals strong investor confidence in its long-term potential, whether as an inflation hedge or as an alternative asset in turbulent times. Source

Vanguard invests in MicroStrategy stock

Vanguard, an investment giant managing over $9 trillion in assets, has become the largest shareholder of MicroStrategy (MSTR) — the company known as the biggest corporate holder of Bitcoin, with more than 601,550 BTC worth over $70 billion. According to Bloomberg, Vanguard now owns over 20 million shares, representing nearly 8% of Class A stock, with a total value of about $9.26 billion. This move is surprising given Vanguard’s long-standing view of Bitcoin as a speculative asset with no intrinsic value.

However, this position wasn’t driven by a strategic decision to support cryptocurrencies. It results from Vanguard’s passive index strategy. MicroStrategy, led by Michael Saylor, has transformed into a crypto powerhouse, with its stock soaring by 3,700% over the past five years. This growth earned it a spot in major indexes like the Nasdaq 100, effectively forcing Vanguard to acquire shares. “This proves Bitcoin is too big to ignore,” Saylor told Bloomberg, calling Vanguard’s stake a strong sign of institutional support.

Vanguard still refuses to offer a Bitcoin ETF, and its former CEO Tim Buckley stated in 2023 that Bitcoin doesn’t belong in long-term portfolios. Nevertheless, its index funds, such as Vanguard Total Stock Market Index Fund (VITSX) and Vanguard Growth ETF (VUG), now hold a significant position in MicroStrategy, indirectly giving them Bitcoin exposure.

This situation underscores the disconnect between the public rhetoric of traditional financial institutions and the reality of their investments. Vanguard’s position in MicroStrategy highlights that even crypto skeptics are being forced to accept its growing influence. Bitcoin continues to gain legitimacy and is gradually becoming an integral part of the global financial system. Source

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