Wayex Weekly Update: ETH turns 10, market shifts, AutoBuy launches

Wayex Weekly Wrap

Welcome to your weekly Wayex wrap, where we cut through the noise to bring you the biggest movers, top trends, and a dash of crypto culture, all in one easy scroll.

This week, we’re celebrating Ethereum’s 10th birthday, reflecting on its journey from a white paper to a multibillion-dollar mainstay. We also dive into our latest feature, AutoBuy, global policy shifts, major treasury plays and big moves from Ripple’s co-founder. 

Let’s dive in.

Top Gainers & Losers of the Week on the Wayex Platform 

Happy birthday, Ethereum! 

Ethereum, ETH, turns 10 today! 

The protocol was co-created by Vitalik Buterin, Gavin Wood, Charles Hoskinson, Amir Chetrit, Anthony Dilorio, Jeffrey Wilckem, Joseph Lubin, and Mihai Alisie, who are considered co-founders of Ethereum. 

From its initial capital raise in 2015, it has grown to become widely known as the number 2 to Bitcoin. 

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From its humble beginnings in 2015, Ethereum’s price is now sitting at $3,807.09 (USD) or 5904.89 (AUD) (as of 10:14 am AEST) with a market cap of $483 million (USD) or 748,877,493 (AUD). 

Ethereum has come a long way from Buterin's white paper and has undergone many fundamental changes, including a shift from a proof-of-work to a proof-of-stake (PoS) consensus mechanism, initiated to enable the network to scale. 

It hasn't always been an easy road for the token, with the DAO hack being a significant low point for the network. Despite its continued success and status as the other favourite cryptocurrency from retail and institutional investors, as well as cryptostans alike, not everyone is celebrating the big 10. 

In an article from AXIOS, they noted that Ethereum can’t seem to break through the $4,000 (USD) or $6200.93 AUD price barrier despite all-time highs achieved by other tokens in the Ecosystem this year.  

Most analysts acknowledged that ETH has increased by 100% over the last 90 days and is a popular second choice for both retail and institutional investors. News.bitcoin.com reported that "ETH saw its second strongest week ever for flow into its ETF products last week". 

But the contrarians remain sceptical, hypothesising that despite all the positive market signals, ETH not passing the $4,000 (USD) or $6203.81 (AUD)  barrier could be a sign of stagnation. Still, as the second coin of choice, ETH is poised to be a potential winner in the "ALT-COIN SUMMER". 

As we celebrate the 10th anniversary of ETH, although we won't be joining you in today's 10-year Ethereum celebrations as we are busy scouring the internet for fantastic Vitalik memes, we hope you all have a great time! 

Introducing AutoBuy

At Wayex, we continually seek ways to enhance your experience with us. We know that many of our long-term users are fans of the investing strategy known as Dollar Cost Averaging (DCA). 

When you are executing a simple DCA strategy, you know how much you want to spend and when. This is why we created AutoBuy, to help you automate your crypto portfolio. It's like autopilot but for your crypto portfolio. 

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It's simple and easy to use. All you need to do is  follow these simple steps: 

(1) Set Your Allocation

Choose up to 5 cryptocurrencies to buy, and what percentage of each deposit to allocate.

(2) Get Your Reference Code

You will receive a unique reference code (e.g. “ABC123”) shown on your AutoBuy screen to copy and paste into your bank transfer descriptions.

(3) Transfer Anytime or Set Up Recurring Transfers

Transfer from your bank a minimum of $20 AUD anytime with your unique reference code provided on set-up, and schedule weekly or monthly transfers with your reference code.

(4) Automatic Purchases Enabled

Every transfer with your unique reference code will automatically buy crypto according to your AutoBuy plan.

I mean, how easy is that? Just set and forget.

We are incredibly proud to have released this feature for our incredible users and look forward to hearing your feedback on it! 

The ECB doesn't want US stablecoins to be held by them. 

The European Central Bank, or the ECB, released a blog post discussing the impact of the rise of US-pegged stablecoins on the European market. It cited the Annual Economic Report 2025 from the Bank for International Settlements (BIS), which detailed the potential for stablecoins to undermine monetary sovereignty, transparency issues and the risk of capital flight from emerging economies. Jurgen Shaaf, a Market Infrastructure and Advisor at the ECB, also highlighted the increasing adoption of payment providers to accept cryptocurrency payments and how this would reduce the power of banks in addressing monetary policy should the mass adoption of US-backed stablecoins occur in the European Union. The blog advocated for a policy change within the European Market, advocating for more support for euro-dominated stablecoins that could serve legitimate market needs and effectively act as a risk mitigation measure due to their high regulatory standards. In previous reports, the ECB has acknowledged the intrinsic links between DeFi and traditional finance markets. It argues that without widespread investment in the European deFI spaces, it is crucial to maintain relevance in the future of financial infrastructure. 

The European Union has been relatively quiet on the stablecoin front, but could a change be on the horizon?

The US continues its all-in approach. 

We have discussed many times how the current US administration is all in crypto. The White House and its crypto and AI Czar, David Sacks, released the Crypto policy "Roadmap". Most of what is in the 160-page document was expected, with Crypto week legislation clearly outlining how the Trump Administration wants to usher in the “Golden Age of Crypto". It further cemented Trump's policy against Central Bank Digital Currency, but his opposition to this was expected, as most prominent republicans opposed CBDCs. However, pundits did notice the exclusion of the much-discussed Bitcoin Reserve. Although it appears that the White House has since clarified there will be a BTC reserve, markets remain nervous, with the wording of the report raising eyebrows about whether this policy will be implemented. 

More Crypto Treasury Moves, but can they all be winners? 

Last week, MARA, the World’s largest BTC miner, raised $850 million in convertible notes to expand its BTC treasury strategy. MARA joins a growing number of companies that are implementing crypto treasury strategies as a means to diversify their treasuries against rising cost pressures and inflation. However, analysts such as James Check of Glassnode continue to sound the alarm about newer entrants to these markets, which lack the long-term planning and operational depth of companies with deep crypto experience. Venture Capital firm Breed also shared that an analyst has published their manifesto on the evolution of the BTC strategy. 

XRP Founder makes some big moves 

Ripple co-founder Chris Larsen recently transferred approximately 50 million XRP, worth around USD 175 million, to exchange-linked wallets between July 17 and 24, according to reports from CryptoNews Australia. Roughly $140 million of that ended up on exchanges. The news was not well received and drew some intense interest from the XRP community about whether this could lead to selling pressure. Following these moves, the price of XRP dropped by around 13%, falling from approximately $3.60 to just over $3.10. However, it's hard to say whether the dip was directly related to the Ripple co-founder's moves or the market chatter about the moves. As usual, when these market movers move, the internet is prone to wild speculation. While some worried that selling pressure was being applied, others pointed out that such large transfers have occurred before without causing long-term damage. Recently, a large number of whales dumped their Bitcoin, which had a minimal impact on how much Bitcoin’s price changed. Even though Larsen transferred approximately $140 million, he still reportedly holds between 2.58 and 2.81 billion, a decent chunk of the total supply. There's no suggestion of anything shady going on, and these types of transactions are typical moves to manage assets or free up liquidity.

What’s making us laugh this week? 

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Founder’s Corner 

This week was a great week with the launch of AutoBuy, which is a super convenient feature that is not only super easy to set up but also useful to use to buy multiple currencies at one time with Wayex. Alongside Ethereum celebrating 10 years and with its recent price movement, it's been great to see how it has been performing over its 10-year existence. 

If you’ve been in crypto long enough, you’ve likely come across the term Dollar Cost Averaging (DCA). It's simple, effective, and trusted by long-term investors, including myself. But let’s face it, life is busy, and even the best strategies can get lost in the noise of the everyday. That’s why we built AutoBuy: to automate your strategy and save you time and effort, needing to manually buy the crypto that you want each week..

Watching the ECB push back against US-backed stablecoins while advocating for euro-pegged alternatives was a strong reminder that crypto is no longer operating on the fringe; it’s now entangled with global financial policy. Meanwhile, the U.S. is doubling down with its “Crypto Roadmap,” which, although ambitious, left many of us raising our eyebrows at the missing Bitcoin Reserve details. You can’t promise a golden age without backing it with tangible action, and that’s what the market is craving.

On the corporate side, I’m both excited and a little cautious. Seeing MARA raise $850 million to ramp up its BTC treasury strategy is a strong vote of confidence in Bitcoin as a long-term store of value. But not every company is MARA; deep operational crypto knowledge is critical to not overexpose treasuries in volatile markets. Then there’s Ripple co-founder Chris Larsen’s big XRP move, which reminded us all how much individual actors can shake sentiment. While I don’t think it spells doom, it does highlight how sensitive the community still is to high-volume activity.

New to Wayex? 

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Until next time,

The Wayex Team

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