BTC One-Month High, Canada Tariffs, & Apple vs. OpenAI

Not really sure what we’re supposed to do now that the World Cup is over. Anyone have any suggestions?

This Week at Arch: Flexible like a line of credit

Most loans are frozen the day you sign them. Bitcoin isn't, so your loan shouldn't be either.

When your collateral appreciates, your LTV drops, and that headroom belongs to you. An Arch loan lets you act on it in whichever direction suits you, without unwinding anything or starting over.

Upsize as your collateral appreciates. Once a Bitcoin loan falls below 50% LTV, you can draw more cash against the same stack, back up toward 60%. All it takes is a few clicks on your dashboard. You pay an origination fee only on the incremental amount which is pro-rated for the time remaining. 

Or take collateral back instead. Prefer Bitcoin over cash? Same threshold, opposite direction. Request a portion of your collateral back through the dashboard.

Add collateral whenever you want. Top up to lower your LTV and build a buffer before volatility does it for you.

Extend your term. As you approach maturity, roll into a new term instead of scrambling to repay.

Pay down anytime. No prepayment penalty, ever.

Because each upsize sits inside your original maturity date, the whole thing behaves less like a fixed term loan and more like a line of credit you can tap through the year. Same collateral, same custody at Anchorage Digital, adjusted as your position moves.

Configure your loan →

This Week in Crypto

A week of slow climbing for Bitcoin!

• BTC has been climbing for five straight sessions, touching a one-month high near $66,500 on Tuesday, up almost 3% in a single day.

• The move lines up with a five-day streak of spot ETF inflows - over $700M total - the strongest run since May.

The GENIUS Act just hit its one-year anniversary.

• Tether’s USDT now has a hard two-year countdown to get its reserves compliant or risk getting delisted from U.S. platforms when the safe harbor expires in 2028.

• About a quarter of USDT's backing is reportedly still sitting in non-compliant assets like precious metals, lending positions, and Bitcoin itself.

And Wall Street keeps buying exchanges:

• Citadel Securities took a $400M stake in Crypto.com, valuing the exchange at $20B - its first-ever institutional funding round in a decade of existence.

• It’s Citadel’s second big retail-exchange bet in under a year, after backing Kraken’s $800M round last November at the same $20B valuation.

This Week in TradFi

The Trump administration announced 50% tariffs on a range of Canadian goods - hockey sticks, wine, cement, electrical equipment, and machinery.

• The stated justification is Canada’s near-total halt on U.S. alcohol sales in retaliation for earlier tariffs, plus dairy and auto disputes.

• The tariffs take effect August 19-20.

Nvidia took a stake in Nebius:

• Nvidia disclosed a stake in Nebius, a "neocloud" AI infrastructure provider, sending Nebius shares higher and giving Nvidia another foothold in the AI compute buildout beyond just selling chips.

• It's a small item, but it fits the summer's pattern: everyone in the AI supply chain is now also an investor in everyone else in the AI supply chain.

And Apple briefly overtook Nvidia as the world’s most valuable company on Friday, though both slipped back Monday as the S&P 500 closed essentially flat.

• The real test lands Wednesday: Alphabet and Tesla report earnings July 22, the first of the Mag 7 to face the market's new show-me-the-money mood on AI capex.

This Week in Tech

Apple vs OpenAI is getting ugly:

• Apple filed a 41-page trade secret lawsuit against OpenAI: a former Apple engineer allegedly texted a colleague "LOL, I found out I can access the [network storage], so funny" after downloading dozens of confidential files on his way out the door to build hardware for Sam Altman.

• The suit names that engineer, Chang Liu, along with OpenAI hardware chief Tang Tan, an Apple veteran who left to join Jony Ive's io, which OpenAI bought for $6.5 billion, and accuses the whole operation of using "internal terminology" to grill Apple's own suppliers.

China’s Moonshot AI dropped Kimi K3:

• Released July 16, Kimi K3 hits 2.8 trillion parameters, notably bigger than DeepSeek's 1.6T V4 Pro or Zhipu's 744B GLM 5.

• Moonshot's own benchmarking claims it's "competitive" with Anthropic's Fable 5 and beats Opus 4.8 and OpenAI's GPT-5.6 Sol and GPT-5.5.

• Full weights land July 27, at which point the open-source crowd gets to find out whether the benchmarks hold up once people who aren't Moonshot are allowed to poke at it.

Arch is building a next-gen wealth management platform for individuals holding Alternative Assets. Our flagship product is the crypto-backed loan, which allows you to securely and affordably borrow against your crypto.

Disclaimer: None of the above is financial advice, seriously.