Top Crypto News This Week: Bitcoin’s Political Day, Mantle Bybit Deal, MKR to SKY Upgrade & More

It’s another eventful week in the digital asset world, and the top crypto news this week spans politics, DeFi upgrades, and major exchange partnerships. From Bitcoin making its mark in political debates to MakerDAO transitioning MKR into SKY, here’s everything crypto investors and enthusiasts need to know.

Bitcoin Takes the Political Stage

Bitcoin isn’t just a financial asset anymore—it’s increasingly becoming a political talking point. In the U.S., Bitcoin featured in campaign discussions, highlighting its role in shaping future financial policy.

With elections on the horizon, candidates are under pressure to clarify their stance on digital assets, with some pushing for Bitcoin-friendly regulation and others voicing concerns about systemic risks. This political spotlight could influence institutional adoption and broader market sentiment.

Mantle Secures Bybit Deal to Boost Ecosystem Growth

Layer-2 network Mantle announced a strategic partnership with Bybit, one of the largest global exchanges. This deal will integrate Mantle’s ecosystem more closely with Bybit’s exchange infrastructure, providing liquidity and onboarding opportunities for new projects.

For developers, this means improved access to capital and users. For investors, the collaboration signals that Bybit is positioning itself deeper in the Ethereum scaling race, where Mantle competes against Arbitrum, Optimism, and Base.

MakerDAO’s Big Transition: MKR to SKY

MakerDAO confirmed that it will upgrade its governance token, MKR, into SKY, marking a significant evolution in its protocol roadmap. This token migration aims to streamline governance, improve security, and expand utility across Maker’s multi-chain ecosystem.

Investors are watching closely, as MakerDAO has long been considered the backbone of DeFi stability with its DAI stablecoin. The MKR-to-SKY transition could boost confidence in Maker’s governance and spark new capital inflows.

Ethereum and Altcoin Watch

Ethereum continues to dominate institutional narratives, with staking and ETF inflows supporting its price action despite short-term volatility. Meanwhile, Solana projects accounted for 40% of weekly token buybacks, returning value to token holders and reinforcing its place in the top 5 cryptos.

Shiba Inu also made headlines with a staggering 699,000% liquidation imbalance, triggering debate around meme coin speculation and market volatility.

Why This Week Matters

The top crypto news this week reflects the sector’s diversity:

• Bitcoin stepping into politics signals long-term mainstream relevance.
• Mantle’s Bybit partnership highlights the race among L2 ecosystems.
• MakerDAO’s token upgrade could mark a new era for DeFi governance.
• Altcoin developments show how liquidity and volatility still drive opportunities.

These stories together illustrate how crypto continues to mature while retaining its speculative edge.

Final Word

From Bitcoin’s political day to MakerDAO’s SKY transition, this week captures the tug-of-war between institutional legitimacy and retail speculation. For investors, staying informed on these shifts is crucial as the market enters the last quarter of 2025, where both regulation and innovation will shape the next big moves.