Bitcoin’s $78K Breakout, Treasury Buybacks and a Huge Stablecoin Shift

Bitcoin finally broke out of months of compressed volatility—surging roughly $4,400 in under an hour and climbing to around $78,000 by Friday.

In this episode of The Weekly, Graham Stone and David Sencil break down what may have triggered the move and whether Bitcoin is entering a new market regime.

They look at the week’s biggest potential catalysts, including new SEC crypto proposals, renewed pressure around the Clarity Act, and the U.S. Treasury’s expansion of long-end liquidity-support buybacks.

The conversation then shifts to Hyperliquid’s push into the U.S. and the debate around HYPE buybacks, before unpacking a potentially major accounting change: FASB’s proposal to allow certain qualifying stablecoins to be treated as cash equivalents.

They also cover the latest SafePal customer-data exposure and what it means for hardware wallet users.

In this episode:

• What may have sparked Bitcoin’s move to $78K
• Why Treasury buybacks matter for crypto markets
• The latest SEC crypto proposals
• Where the Clarity Act stands
• Whether Bitcoin is entering a new volatility regime
• Hyperliquid’s U.S. expansion
• The debate around HYPE token buybacks
• FASB’s stablecoin cash-equivalent proposal
• Why the stablecoin accounting shift could matter
• SafePal’s latest customer-data exposure

A packed week across Bitcoin, macro, regulation, altcoins, stablecoins, and crypto security.

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