Welcome to this week’s Wayex Weekly Wrap-Up, where we break down the latest moves shaping the crypto landscape. From AI-driven market shifts to memecoins entering traditional finance, we’ve got you covered with clear, insightful updates—no unnecessary jargon, just the good stuff.
Let’s dive in.
Founder’s Corner: Richard’s Take on This Week in Crypto
This week has been a reminder of how fast crypto and tech can change and move. The world saw the innovation of AI shake up Bitcoin mining stocks, the movement of memecoins continue to surprise us by making their way into institutional products, and the Federal Reserve’s upcoming decision looks like it may be causing uncertainty in the market.
While volatility is part of the space that many crypto enthusiasts love, it can also represent signs of growth. With more institutions engaging with crypto, whether through ETFs, AI, or regulatory shifts, we are seeing more and more that digital assets are starting to grow out of the view of being a niche industry and are becoming more of a key player on a global front.
Market Snapshot: Top 20 Cryptos of the week
Here’s a quick look at the leading cryptocurrencies, ranked by market cap.
This Week in Crypto 🚀
1️⃣ AI Shakeup Impacts Bitcoin Miners
AI has been the talk of the market recently and Chinese AI firm DeepSeek has been no exception. DeepSeek launched a powerful AI that rivals ChatGPT while also coming in at a much lower cost.
The market's reaction to this led to a sell-off in stocks that tie links to the AI space, including Bitcoin mining companies like Core Scientific and Hut 8, which saw drops in the double digits. The reason? Concerns over AI’s growing energy consumption and how it could impact mining operations.
But has the market overreacted? Some analysts argue that miners with access to existing energy infrastructure could actually benefit from AI demand in the long run.
2️⃣ Bitwise Moves to Launch a Dogecoin ETF
Memecoins are moving up in the world rapidly and stepping into the big leagues.
Bitwise has officially filed to launch a Dogecoin ETF, following the wave of Bitcoin spot ETF approvals earlier this year, we are seeing more and more crypto-based ETFs being filed further showing the growth of the industry.
🚀 Why does this matter?
✔️ It’s another step towards mainstream crypto adoption
✔️ The move shows institutional interest beyond other big market cap tokens like Bitcoin & Ethereum
However, it also raises questions around long term sustainability; are memecoins just hype, or do they have lasting potential?
3️⃣ AI-Powered Romance Scams on the Rise
Crypto scams are fast evolving, and now AI is being used at the centre of a new wave of fraud. More and more romance scams are being powered by AI-powered chatbots and deepfake technology.
How it works:
🔸 Scammers are using AI-generated profiles to build trust
🔸 Victims are then emotionally manipulated into sending crypto
🔸 Fraudsters disappear once they’ve received funds
As a golden rule, stay vigilant. If something sounds and feels too good to be true, it probably is.
It always helps to educate yourself on how scams are made and how they work as there are always more and more scams coming to light.
4️⃣ Bitcoin Braces for a Federal Reserve Decision
Is the Fed shaking up crypto markets?
Bitcoin alongside other currencies saw a brief dip earlier this week before rebounding, as investors watch for potential changes in interest rates.
Why does it matter?
📉 Higher interest rates could shift money towards more traditional assets.
📈 A more relaxed Fed could foster a more positive sentiment in the crypto market.
With the market showing signs of being on edge, the next Fed’s decision could set the tone for Bitcoin’s next movements.
Closing Thoughts: What’s Next for Crypto?
From AI market shifts to meme coins entering the big world of ETFs and so many other factors that have the potential to influence the movement of Bitcoin and which direction it might take, this week has shown just how many different things can sway the direction of the crypto market. More importantly, when looking to explore the world of crypto, always be mindful and do your own research.
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**All information in this article is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by CryptoSpend to invest, buy, or sell any coins, tokens, or other crypto assets. Any descriptions of CryptoSpend products or features are merely for illustrative purposes. Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. It is essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.
