Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement among investors and traders alike. Fueled by big whale buys, growing corporate adoption, and fresh institutional inflows, ETH is showing signs of a powerful comeback.
The second-largest cryptocurrency jumped 3.5% in the last 24 hours, is up over 8% in the past week, and has gained around 50% in the past month. Despite this impressive rally, Ethereum remains about 18% below its 2021 peak of $4,878.
Investor Ted Pillows highlighted how Eric Trump perfectly called the bottom for Ethereum by urging everyone to “Buy the dip.” This strong rebound highlights renewed confidence in Ethereum’s momentum and suggests the crypto could be gearing up for further gains.
Ethereum whales are also making big moves. Analyst Ali Martinez notes that in the past month alone, they have scooped up over 1.8 million ETH, signaling strong confidence from major holders. The analyst had also said that if Ethereum breaks past $4,000, then $6,400 is the next major target, pulling the price upward.
Corporate adoption for Ethereum is also growing, with firms like BitMine Immersion and SharpLink Gaming holding billions in Ethereum. Besides, spot Ethereum ETFs have also attracted strong institutional interest in recent weeks. On August 7th, Ethereum ETFs saw net inflows of over $222 million.
As of August 7, cumulative net inflows into Ethereum ETFs have reached $9.35 billion, reflecting strong institutional interest in the asset. The Ethereum community is also waiting for SEC approval of staked Ethereum ETFs, which would let investors earn rewards.
Ethereum also hit a new record with 1.74 million daily transactions, breaking its May 2021 high, after a record-breaking July with over 46 million transactions.
Analyst Michaël van de Poppe says that the $4,000 mark is an ideal point for short-term profit-taking but not the best time to buy. He explained that since the short-side liquidity has been cleared out, any upcoming correction should be short and volatile, after which the price is expected to continue its upward trend. Overall, he sees a strong outlook for Ethereum moving forward.
Altcoins Poised for Big Gains
In a previous tweet, van de Poppe said that he expects 200-500% gains for altcoins in the next 2-4 months. Many altcoins have not yet bounced back to their early 2025 levels, but Ethereum’s recent move signals growing risk appetite.
While Bitcoin remains relatively flat around $116,800, Ethereum’s recent gains have boosted the ETH/BTC ratio by 3% in just the past hour. Other altcoins are also showing notable gains of up to 3-7%.
With a large and active crypto market, Turkey ranks fourth globally in terms of crypto trading volume. The robust regulatory framework, combined with market growth, has made the nation one of the major players in the cryptocurrency market in 2025. While trading crypto is legal in Turkey, using it for payments is prohibited.
Lately, Turkey has been tightening its compliance requirements for crypto exchanges to increase security.
July 3, 2025 – The Turkish Capital Markets Board (CMB) has blocked 46 websites
In a regulatory crackdown, the Turkish crypto agency blocked 46 websites, including PancakeSwap, Cryptoradar, and Exchange Investr, for “providing unauthorized crypto services.”
June 28, 2025- Official Gazette
The Financial Crime Investigation Board (MASAK), under the Ministry of Treasury and Finance, announced a new regulation published in the Official Gazette to curb illicit activity in the crypto sector.
Under Law No. 5549, Turkey introduced new transfer limits, mandatory waiting periods, and anti-money laundering (AML) policies in a bold move to tighten oversight.
June 24, 2025- Prevention of money laundering and criminal proceeds in crypto
Finance Minister Mehmet Simsek revealed that Turkey is introducing new transfer limits and mandatory waiting periods for withdrawals on crypto assets.
It includes wiring periods for 48 to 72 hours for crypto withdrawals, where the travel rule is not applied.
A daily limit of stablecoin transfers to maintain a constant value will be capped at $3,000 with a monthly limit of $5,000, is also mentioned in the proposal.
Turkish Capital Market Board (CMB) has issued new crypto licensing rules to impose stricter oversight on platforms, custody services, and foreign providers.
It includes licensing, restrictions, and operational guidelines for crypto asset service providers (CASPs).
Most of the regulations in this bill will take effect from June 30, 2025, while the full implementation will be done by the end of the year.
February 25, 2025- Travel Rule
The Financial Crimes Investigation Board (MASAK) implemented mandatory identity verification aligned with FATF rules to enhance anti-money laundering (AML) efforts and curb illicit activities.
Transactions above 15,000 TL ($425) must provide the sender’s details and the beneficiary’s details.
January 25, 2025- Deadline for CASPs
CASPs must implement a compliance program designed to address risks associated with money laundering and financing of terrorism, within one month of appointing a compliance officer.
The deadline for CASPs to appoint compliance and deputy compliance officers to oversee the crypto was January 25. Additionally, CMB was granted full control over crypto in Turkey under the new regulation.
What is the Turkish Government Saying About Crypto?
As of 2025, the Turkish government is focusing on reducing illicit activities in the crypto space by imposing new laws to strengthen anti-money laundering efforts.
The Finance Minister, Mehmet Simsek, said, “We are taking new steps to prevent the laundering of criminal proceeds obtained from illegal betting and fraud through cryptocurrency transactions.”
Keu Highlights are:
Pushing cryptocurrency rules in line with global standards.
Transaction thresholds were introduced to maintain long-term value with prevention of fraud.
Turkey’s Scientific and Technological Research Council (TÜBİTAK) will audit the technological system of crypto firms.
Crypto License in Turkey 2025
Under the new crypto law in Turkey, a Capital Markets Board (CMB) verified CASP license is mandatory for crypto exchanges, wallet providers, and custodians. It underlines:
The minimum capital threshold for crypto exchanges is 150 million TL ($4.1 million), while 500 million TL ($13.7 million) is required for custodians.
Mandatory identity verification and AML compliance.
CASPs will be required to invest in compliance infrastructure and create dedicated risk management teams to identify and mitigate various risks.
Penalty: Under Provision / ARTICLE 109/A (Added: 26/6/2024 – Law No. 7518, Article 12), entities found non-compliant will be punished with imprisonment for three to five years and a judicial fine from 5,000 to 10,000 days.
Crypto Tax in Turkey 2025
Is crypto taxed in Turkey? While there is no specific tax regime for crypto assets, it is subject to the existing general income tax. Profits from crypto may be considered income and may be taxed at progressive tax rates.
There were proposals for a minimal transaction tax up to 0.03% to support the national budget, but it has not been implemented yet.
Users: Current penetration rate is projected to be 28.17% and is anticipated to increase to 28.22% by 2026, reaching over 24.82 million users.
Crypto Revenue: The Crypto revenue market in Turkey is expected to reach US$2.2 billion in 2025 and is expected to demonstrate an annual growth of 15.33% resulting in a total amount of US$2.6 billion by 2026.
Crypto Holdings: The Government’s crypto holdings is not publicly disclosed; policies focus on imposing stricter rules to enhance transparency and safety for crypto consumers in the region.
Conclusion
The crypto market in Turkey is rapidly growing while attracting international businesses to trade with friendly regulations and a fair tax regime. While some countries are focusing on expanding tax rates or increasing the government’s crypto asset holdings, Turkey is focusing on enhancing services for crypto investors and reducing illegal activities. Driven by market growth and security systems, Turkey may soon position itself as a crypto leader.
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With a large and active crypto market, Turkey ranks fourth globally in terms of crypto trading volume. The robust regulatory framework, combined with market growth, has made the nation one of the major players in the cryptocurrency market in 2025. While trading crypto is legal in Turkey, using it for payments is prohibited. Lately, Turkey …
Cathie Wood’s Ark Invest has scaled back its exposure to Coinbase, selling over $52 million in company shares over two consecutive days last week.
The decision came as Coinbase stock soared to a new all-time high, driven by bullish sentiment and growing institutional interest in crypto-linked equities.
Coinbase Leads S&P in June but Ark Invest Reduces Exposure
Trading data indicates that Ark sold roughly $12.5 million worth of Coinbase shares on June 26, followed by a larger $40 million sale the next day. The stock rallied during that period, reaching an intraday high of $382 before closing the week at $353.
Here’s every move Cathie Wood and Ark Invest made in the stock market Friday 6/27 pic.twitter.com/AizcmRv5C5
Market analysts attribute this rally to multiple factors such as improved regulatory clarity and continued product expansion.
A major boost came last week when the US Senate passed the GENIUS stablecoin bill, which is now awaiting a vote in the House.
If enacted, the bill could bring long-awaited guidelines for the digital asset sector, potentially lifting investor confidence in crypto-focused firms.
Beyond favorable regulation, Coinbase’s rising momentum is also being fueled by upcoming product offerings.
Analysts at 10x Research highlighted the platform’s plans to launch US-regulated perpetual futures for Bitcoin and Ethereum on July 21. They also pointed to Coinbase’s strong ties with Circle and the growing use of USDC as catalysts for continued growth.
Coinbase COIN Stock Performance. Source: 10x Research
Moreover, Coinbase CEO Brian Armstrong also recently touted the firm’s institutional strength in an update on the social media platform X.
He noted that eight of the top ten publicly traded Bitcoin firms use Coinbase Prime. Additionally, $140 billion worth of crypto is held in US-based ETFs, with Coinbase custody responsible for 81% of that figure.
However, despite the strong momentum, some analysts urge caution. 10x Research warned that current valuation levels might be stretched in the short term.
“Our regression model indicates that Coinbase is overvalued….despite the strong uptrend,” the analysts stated.
TIME recently named the exchange one of its 100 Most Influential Companies of 2025. The firm cited its advocacy for clearer rules in the digital asset sector and noted its continued expansion plans.
“If industry-friendly bills are passed, Coinbase stands to become an even bigger hub for US crypto activity,” the report stated.
Asset managers VanEck, Canary Capital, and 21shares have made a request to the US Securities and Exchange Commission (SEC), which could change the dynamics of ETF approvals moving forward. Notably, these crypto ETF issuers are among the first to have filed for funds, which would provide institutional investors with exposure to some crypto assets besides
@EricTrump nailed the $ETH bottom.
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