This week’s developments highlight a crypto market still navigating stress, scrutiny, and structural change. Onchain data suggests bitcoin’s bear market may not have fully bottomed, even as fresh Epstein file disclosures pull major crypto names into renewed public debate. At the policy level, U.S. regulators signaled progress toward a clearer federal framework, while Ray Dalio warned that CBDCs could expand state control. Meanwhile, Binance and Franklin Templeton advanced tokenized fund collateral, showing institutional infrastructure continues to build despite volatility.
Bear Market Bottom Alerts, Dalio's CBDC Warning, and More – Week in Review

WEEK IN REVIEW
Cryptoquant Warns: Bitcoin Bear Market Bottom Not Here Yet
A sharp wave of bitcoin losses has rattled traders, but Cryptoquant says data shows a market still searching for a true bear market bottom… read more

Editor’s comment:
Cryptoquant’s calls for (slightly) lower prices use a nice confluence of NUPL, MVRV, and proprietary indicators. In the latest Token Narratives episode, we discussed how indicators like the RSI, mining cost, and realized price metrics suggested that while most of the pain was behind us, lower prices were likely.
From Coinbase to Ripple: A Roster of Crypto Figures and Firms Named in the Epstein Records
In recent weeks, attention has centered on the release of more than 3 million pages of investigative records from the U.S. Department of Justice, which detailed associations between… read more

Editor’s comment:
This saga looks primed to unfold for a long time. The big question pertaining to Bitcoin and crypto is: Did Epstein and his network manage to gain permanent influence over digital assets, or were they simply temporarily curious about it?
Billionaire Ray Dalio Believes CBDCs Are More About Control Than Efficiency
Ray Dalio, billionaire hedge fund founder, warned that central bank digital currencies are gaining traction among governments not just for efficiency but for control… read more

Editor’s comment:
Dalio has become a great advocate for financial freedom in recent years, but the sleepwalk towards the digital control grid hastens despite warnings getting louder.
SEC Testifies on Clear Crypto Oversight, Signaling Major Regulatory Breakthrough for Digital Assets
In congressional testimony, the SEC detailed plans to align with Congress on a federal crypto framework aimed at clarifying digital asset rules… read more

Editor’s comment:
Added regulatory clarity could be a much-needed support for prices here. In Strategy’s Q4 earnings call, Michael Saylor named regulatory support as one of the key catalysts for bitcoin this year.
Binance and Franklin Templeton Launch Tokenized Fund Collateral for Institutions
Binance and Franklin Templeton have activated tokenized money market funds as off-exchange collateral, accelerating institutional crypto… read more.

Editor’s comment:
Tokenization continues to be one of the driving narratives for digital assets. Franklin Templeton’s partnership with Binance – the world’s biggest crypto exchange by trading volume – adds more credibility to the narrative.
FAQ ❓
- Is Bitcoin’s bear market bottom in yet? CryptoQuant says on-chain signals (like NUPL and MVRV) suggest BTC may still see lower prices before a true bottom forms.
- Why are Epstein records showing up in crypto news? New DOJ document disclosures are reigniting scrutiny by linking prominent crypto figures and firms to Epstein-related records and public debate.
- What’s the latest on U.S. crypto regulation? SEC testimony signaled momentum toward a clearer federal crypto framework that could reduce uncertainty for digital asset markets.
- What does tokenized fund collateral mean for institutions? Binance and Franklin Templeton enabling tokenized money market funds as collateral shows institutional tokenization infrastructure is expanding despite volatility.













