
[ Tue, Jul 22nd ]: National Hockey League
[ Tue, Jul 22nd ]: WHIO
[ Tue, Jul 22nd ]: The Raw Story
[ Tue, Jul 22nd ]: WBOY Clarksburg
[ Tue, Jul 22nd ]: Business Today
[ Tue, Jul 22nd ]: CBS News
[ Tue, Jul 22nd ]: Chicago Tribune
[ Tue, Jul 22nd ]: Cleveland.com
[ Tue, Jul 22nd ]: HousingWire
[ Tue, Jul 22nd ]: The Motley Fool
[ Tue, Jul 22nd ]: yahoo.com
[ Tue, Jul 22nd ]: ProFootball Talk
[ Tue, Jul 22nd ]: Ghanaweb.com
[ Tue, Jul 22nd ]: NBC New York
[ Tue, Jul 22nd ]: CNN
[ Tue, Jul 22nd ]: CNBC
[ Tue, Jul 22nd ]: The Financial Express
[ Tue, Jul 22nd ]: Kiplinger
[ Tue, Jul 22nd ]: Zee Business
[ Tue, Jul 22nd ]: Action News Jax
[ Tue, Jul 22nd ]: Times West Virginian, Fairmont
[ Tue, Jul 22nd ]: The New Zealand Herald
[ Tue, Jul 22nd ]: NBC Chicago
[ Tue, Jul 22nd ]: Toronto Star
[ Tue, Jul 22nd ]: syracuse.com
[ Tue, Jul 22nd ]: moneycontrol.com
[ Tue, Jul 22nd ]: The Hans India
[ Tue, Jul 22nd ]: Reading Eagle, Pa.
[ Tue, Jul 22nd ]: Seeking Alpha
[ Tue, Jul 22nd ]: Forbes
[ Tue, Jul 22nd ]: Daily Express
[ Tue, Jul 22nd ]: Impacts
[ Tue, Jul 22nd ]: Bravo
[ Tue, Jul 22nd ]: Business Insider
[ Tue, Jul 22nd ]: SmartCompany
[ Tue, Jul 22nd ]: The Independent
[ Tue, Jul 22nd ]: The New York Times

[ Mon, Jul 21st ]: Business Today
[ Mon, Jul 21st ]: BBC
[ Mon, Jul 21st ]: Florida Phoenix
[ Mon, Jul 21st ]: app.com
[ Mon, Jul 21st ]: U.S. News & World Report
[ Mon, Jul 21st ]: TwinCities.com
[ Mon, Jul 21st ]: Business Insider
[ Mon, Jul 21st ]: Artemis
[ Mon, Jul 21st ]: ThePrint
[ Mon, Jul 21st ]: Sports Illustrated
[ Mon, Jul 21st ]: WFTV
[ Mon, Jul 21st ]: American Banker
[ Mon, Jul 21st ]: The Daily Star
[ Mon, Jul 21st ]: CBS News
[ Mon, Jul 21st ]: Tennessee Lookout
[ Mon, Jul 21st ]: Entrepreneur
[ Mon, Jul 21st ]: Forbes
[ Mon, Jul 21st ]: KTLA articles
[ Mon, Jul 21st ]: The Hill
[ Mon, Jul 21st ]: Seeking Alpha
[ Mon, Jul 21st ]: WSB-TV
[ Mon, Jul 21st ]: Ukrayinska Pravda
[ Mon, Jul 21st ]: CoinTelegraph
[ Mon, Jul 21st ]: AZ Central
[ Mon, Jul 21st ]: Fortune
[ Mon, Jul 21st ]: CNN Business
[ Mon, Jul 21st ]: CNN
[ Mon, Jul 21st ]: Post and Courier
[ Mon, Jul 21st ]: KCAU Sioux City
[ Mon, Jul 21st ]: NBC Chicago
[ Mon, Jul 21st ]: London Evening Standard
[ Mon, Jul 21st ]: The Oklahoman
[ Mon, Jul 21st ]: lbbonline
[ Mon, Jul 21st ]: HousingWire
[ Mon, Jul 21st ]: moneycontrol.com
[ Mon, Jul 21st ]: The Peoples Person Articles
[ Mon, Jul 21st ]: The Independent
[ Mon, Jul 21st ]: breitbart.com
[ Mon, Jul 21st ]: Press-Telegram
[ Mon, Jul 21st ]: Associated Press

[ Sun, Jul 20th ]: The New Zealand Herald
[ Sun, Jul 20th ]: WFTV
[ Sun, Jul 20th ]: Reuters
[ Sun, Jul 20th ]: London Evening Standard
[ Sun, Jul 20th ]: The News-Herald
[ Sun, Jul 20th ]: WCJB
[ Sun, Jul 20th ]: WHNT Huntsville
[ Sun, Jul 20th ]: Seeking Alpha
[ Sun, Jul 20th ]: Cleveland.com
[ Sun, Jul 20th ]: WISH-TV
[ Sun, Jul 20th ]: breitbart.com
[ Sun, Jul 20th ]: The New Indian Express
[ Sun, Jul 20th ]: CNN
[ Sun, Jul 20th ]: Mid Day
[ Sun, Jul 20th ]: The Columbian
[ Sun, Jul 20th ]: Daily Journal
[ Sun, Jul 20th ]: Fortune
[ Sun, Jul 20th ]: HousingWire
[ Sun, Jul 20th ]: Palm Beach Post
[ Sun, Jul 20th ]: Forbes
[ Sun, Jul 20th ]: moneycontrol.com
[ Sun, Jul 20th ]: The Motley Fool
[ Sun, Jul 20th ]: Democrat and Chronicle
[ Sun, Jul 20th ]: WMBD Peoria
[ Sun, Jul 20th ]: Chattanooga Times Free Press
[ Sun, Jul 20th ]: Associated Press
[ Sun, Jul 20th ]: The Topeka Capital-Journal
[ Sun, Jul 20th ]: Impacts
[ Sun, Jul 20th ]: The New York Times
[ Sun, Jul 20th ]: NBC DFW

[ Sat, Jul 19th ]: Fox 11 News
[ Sat, Jul 19th ]: Goshen News, Ind.
[ Sat, Jul 19th ]: London Evening Standard
[ Sat, Jul 19th ]: Cumberland Times News, Md.
[ Sat, Jul 19th ]: PBS
[ Sat, Jul 19th ]: CNN
[ Sat, Jul 19th ]: MassLive
[ Sat, Jul 19th ]: The Daily Item, Sunbury, Pa.
[ Sat, Jul 19th ]: Fortune
[ Sat, Jul 19th ]: Sports Illustrated
[ Sat, Jul 19th ]: CBSSports.com
[ Sat, Jul 19th ]: Moneywise
[ Sat, Jul 19th ]: Seeking Alpha
[ Sat, Jul 19th ]: Forbes
[ Sat, Jul 19th ]: The Tribune-Democrat, Johnstown, Pa.
[ Sat, Jul 19th ]: Action News Jax
[ Sat, Jul 19th ]: ABC 10 News
[ Sat, Jul 19th ]: The Motley Fool
[ Sat, Jul 19th ]: The Independent US
[ Sat, Jul 19th ]: Impacts
[ Sat, Jul 19th ]: World Socialist Web Site
[ Sat, Jul 19th ]: Houston Public Media
[ Sat, Jul 19th ]: Business Today
[ Sat, Jul 19th ]: Politico
[ Sat, Jul 19th ]: The New York Times
[ Sat, Jul 19th ]: BBC
[ Sat, Jul 19th ]: moneycontrol.com

[ Fri, Jul 18th ]: news4sanantonio
[ Fri, Jul 18th ]: Killeen Daily Herald
[ Fri, Jul 18th ]: Toronto Star
[ Fri, Jul 18th ]: Celtics Wire
[ Fri, Jul 18th ]: E! News
[ Fri, Jul 18th ]: Investopedia
[ Fri, Jul 18th ]: CoinTelegraph
[ Fri, Jul 18th ]: Valley News Live
[ Fri, Jul 18th ]: FreightWaves
[ Fri, Jul 18th ]: KCCI Des Moines
[ Fri, Jul 18th ]: Tampa Free Press
[ Fri, Jul 18th ]: The Citizen
[ Fri, Jul 18th ]: Fox News
[ Fri, Jul 18th ]: Channel NewsAsia Singapore
[ Fri, Jul 18th ]: reuters.com
[ Fri, Jul 18th ]: fox6now
[ Fri, Jul 18th ]: ThePrint
[ Fri, Jul 18th ]: Deadline.com
[ Fri, Jul 18th ]: nbcnews.com
[ Fri, Jul 18th ]: The Independent
[ Fri, Jul 18th ]: Yen.com.gh
[ Fri, Jul 18th ]: Fortune
[ Fri, Jul 18th ]: BBC
[ Fri, Jul 18th ]: GovCon Wire
[ Fri, Jul 18th ]: New York Post
[ Fri, Jul 18th ]: Tennessee Lookout
[ Fri, Jul 18th ]: Forbes
[ Fri, Jul 18th ]: Milwaukee Journal Sentinel
[ Fri, Jul 18th ]: WMUR
[ Fri, Jul 18th ]: The Indianapolis Star
[ Fri, Jul 18th ]: Kentucky Lantern
[ Fri, Jul 18th ]: CNN
[ Fri, Jul 18th ]: The Globe and Mail
[ Fri, Jul 18th ]: moneycontrol.com
[ Fri, Jul 18th ]: London Evening Standard
[ Fri, Jul 18th ]: Seeking Alpha
[ Fri, Jul 18th ]: The New Zealand Herald
[ Fri, Jul 18th ]: Business Today
[ Fri, Jul 18th ]: Daily Mail
[ Fri, Jul 18th ]: WOFL
[ Fri, Jul 18th ]: Reuters
[ Fri, Jul 18th ]: The Financial Express
[ Fri, Jul 18th ]: Fox 13

[ Thu, Jul 17th ]: Forbes
[ Thu, Jul 17th ]: The New Indian Express
[ Thu, Jul 17th ]: The Hans India
[ Thu, Jul 17th ]: Seeking Alpha
[ Thu, Jul 17th ]: San Francisco Examiner
[ Thu, Jul 17th ]: washingtonpost.com
[ Thu, Jul 17th ]: Bill Williamson
[ Thu, Jul 17th ]: The Hill
[ Thu, Jul 17th ]: CNN
[ Thu, Jul 17th ]: WTKR
[ Thu, Jul 17th ]: The Motley Fool
[ Thu, Jul 17th ]: KTTC
[ Thu, Jul 17th ]: U.S. News & World Report
[ Thu, Jul 17th ]: Chicago Tribune
[ Thu, Jul 17th ]: reuters.com
[ Thu, Jul 17th ]: The Financial Express
[ Thu, Jul 17th ]: The Sun
[ Thu, Jul 17th ]: SmartCompany
[ Thu, Jul 17th ]: NBC Chicago
[ Thu, Jul 17th ]: Lubbock Avalanche-Journal
[ Thu, Jul 17th ]: London Evening Standard
[ Thu, Jul 17th ]: Telangana Today
[ Thu, Jul 17th ]: Deadline
Bitcoinbecomes 5thglobalassetaheadof Crypto Weekflips Amazon Finance Redefined


🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Bitcoin flipped Amazon to become the fifth-largest global asset, fueled by investor excitement for more regulatory clarity after "Crypto Week" in Washington.

Bitcoin Ascends to Fifth-Largest Global Asset Amid Crypto Surge, as Amazon Reshapes Finance Landscape
In a week that underscored the relentless momentum of the cryptocurrency market, Bitcoin has catapulted itself into the upper echelons of global assets, securing the position of the fifth-largest by market capitalization. This milestone, achieved amid a broader rally in digital currencies, highlights the maturing role of crypto in the global financial ecosystem. Surpassing traditional heavyweights like Saudi Aramco and edging closer to tech giants such as Microsoft and Apple, Bitcoin's ascent is not just a numerical triumph but a symbolic one, signaling the blurring lines between decentralized finance and conventional markets. As investors and institutions alike flock to digital assets, this development comes at a time when major corporations, including Amazon, are actively redefining the contours of finance through innovative integrations of blockchain and crypto technologies.
The week's narrative began with Bitcoin's impressive performance, driven by a combination of macroeconomic factors and renewed institutional interest. With its market cap breaching the $1.5 trillion mark, Bitcoin now trails only behind gold, Apple, Microsoft, and Nvidia in terms of total value. This ranking places it ahead of venerable entities like Amazon itself, Berkshire Hathaway, and even entire national economies in some metrics. Analysts attribute this surge to several catalysts: the ongoing approval and maturation of Bitcoin spot ETFs in the United States, which have funneled billions in fresh capital; a favorable shift in regulatory sentiment globally; and Bitcoin's halving event earlier this year, which traditionally tightens supply and boosts scarcity-driven demand. For context, Bitcoin's price hovered around $80,000 by week's end, marking a year-to-date increase of over 90%. This isn't merely speculative frenzy; it's backed by on-chain data showing increased whale activity—large holders accumulating rather than selling off—and a spike in transaction volumes on major exchanges like Binance and Coinbase.
Beyond Bitcoin, the broader cryptocurrency market mirrored this optimism, with the total crypto market cap swelling to approximately $2.8 trillion. Ethereum, the second-largest cryptocurrency, saw gains of about 15% over the week, buoyed by advancements in its layer-2 scaling solutions and anticipation of further upgrades that could enhance its utility in decentralized applications. Solana, often dubbed the "Ethereum killer" for its high-speed transactions, continued its hot streak with a 20% uptick, driven by meme coin mania and expanding DeFi ecosystems on its blockchain. Other notable performers included Ripple's XRP, which benefited from positive legal developments in its ongoing SEC case, and emerging tokens like those in the AI-crypto intersection, such as Fetch.ai, which rose on partnerships with traditional tech firms. However, not all was rosy; some altcoins experienced volatility, with corrections in sectors like non-fungible tokens (NFTs), where trading volumes dipped amid broader market consolidation.
A pivotal subplot in this week's crypto saga is Amazon's deepening foray into finance, which many see as a game-changer for how traditional e-commerce intersects with blockchain. The retail behemoth, already a dominant force in cloud computing through Amazon Web Services (AWS), has been quietly expanding its blockchain offerings. Reports emerged this week detailing Amazon's enhanced support for decentralized ledger technologies, including new tools for enterprises to build and deploy blockchain applications seamlessly. This move is part of a broader strategy to "redefine finance," as articulated by Amazon executives in recent statements. By integrating crypto-friendly features into AWS, Amazon is positioning itself as a backbone for the next wave of financial innovation, potentially enabling seamless crypto payments, smart contract executions, and even tokenized assets within its vast ecosystem.
Imagine a world where Amazon Prime subscribers could pay with Bitcoin or Ethereum for their deliveries, or where sellers on the platform leverage DeFi protocols for instant settlements. While Amazon hasn't officially announced crypto payment acceptance, insiders suggest pilot programs are underway, particularly in regions with high crypto adoption like Southeast Asia and Latin America. This aligns with Amazon's history of disruption—from revolutionizing retail to dominating cloud services—and now, it seems poised to challenge incumbents in fintech. Competitors like PayPal and Stripe have already embraced crypto, but Amazon's scale could accelerate mainstream adoption. Moreover, Amazon's Managed Blockchain service has seen increased uptake, with partnerships announced this week involving major banks exploring tokenized securities. This isn't just about crypto hype; it's about practical applications, such as supply chain transparency using blockchain to track goods from factory to doorstep, reducing fraud and inefficiencies.
Regulatory developments added another layer of intrigue to the week's events. In the U.S., the Securities and Exchange Commission (SEC) provided clearer guidelines on crypto custody, which could pave the way for more institutional involvement. Meanwhile, in Europe, the Markets in Crypto-Assets (MiCA) regulation is inching toward full implementation, offering a stable framework that contrasts with the regulatory patchwork elsewhere. Globally, nations like El Salvador continue to double down on Bitcoin as legal tender, with new initiatives to mine BTC using volcanic energy, showcasing innovative sustainability efforts in crypto mining. On the flip side, concerns over energy consumption persist, with critics pointing to the environmental footprint of proof-of-work networks like Bitcoin's.
DeFi, or decentralized finance, also grabbed headlines, living up to the "Finance Redefined" moniker. Total value locked (TVL) in DeFi protocols surpassed $100 billion, a threshold not seen since the 2022 bull run. Platforms like Aave and Uniswap reported record lending volumes, fueled by low-interest borrowing options that undercut traditional banks. Innovations in yield farming and liquid staking derivatives are attracting retail investors, who are increasingly viewing DeFi as a viable alternative to savings accounts amid persistent inflation. However, security remains a concern; a high-profile hack on a lesser-known protocol resulted in $20 million in losses, reminding the community of the risks inherent in permissionless systems.
NFTs and the metaverse sector showed signs of revival, with collections like Bored Ape Yacht Club experiencing a resurgence in floor prices. This uptick is linked to integrations with gaming and virtual reality, where NFTs serve as in-game assets. Major brands, including Nike and Adidas, announced new NFT drops, blending digital collectibles with real-world merchandise. The week also saw buzz around Web3 social platforms, with decentralized alternatives to Twitter gaining traction amid concerns over centralized control.
Looking ahead, the crypto landscape appears primed for further evolution. Bitcoin's new status as a top-tier asset could attract even more conservative investors, potentially stabilizing its volatility. Amazon's moves suggest a convergence of Big Tech and crypto, which might normalize digital assets in everyday transactions. Yet, challenges loom: geopolitical tensions, such as those in the Middle East, could influence energy prices and, by extension, mining costs. Additionally, upcoming elections in key markets like the U.S. may sway regulatory directions.
In essence, this week encapsulates the transformative power of cryptocurrency. From Bitcoin's lofty perch among global assets to Amazon's bold strides in redefining finance, the narrative is one of integration and innovation. As the lines between traditional and decentralized finance continue to blur, stakeholders—from retail traders to corporate titans—are recalibrating their strategies. The question now is not if crypto will reshape the world, but how profoundly and how soon. With momentum building, the coming months could define the next chapter in this digital revolution. (Word count: 1,048)
Read the Full CoinTelegraph Article at:
[ https://cointelegraph.com/news/bitcoin-5th-global-asset-crypto-week-amazon-finance-redefined ]
Similar Business and Finance Publications