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This week, bitcoin deed a new all-time-high (above $118K) connected the backmost of beardown ETF flows and astatine slightest $280 cardinal successful new bitcoin treasury investments.
Treasury projects are besides cropping up for Ethereum and Solana. Notably, Joseph Lubin’s SharpLink ETH treasury bought 10,000 ETH for that project, and Bitmine announced plans to raise $2 billion for much ETH buying. Off that beardown signal, large-cap “alts” similar ETH and SOL saw adjacent year-to-date highs, carrying different hot projects similar SUI higher arsenic well.
It was a week erstwhile the crypto markets seemed to beryllium enjoying themselves arsenic caller authorities nears and concern flows from caller organization sources.
The U.S. House said it would instrumentality up the Senate mentation of the GENIUS stablecoin bill, making last transition easier. And manufacture leaders met connected Capitol Hill to lobby for a comprehensive “Market Structure” bill.
It wasn’t each plain sailing for innovators successful the space. Robinhood faced skepticism implicit its tokenized banal plans, and past the Florida AG launched a suit claiming the fintech engaged successful deceptive crypto pricing.
The Trump family’s ain crypto dealings continued to marque news. Trump Media announced a multi-asset ETF application. And, Tron laminitis Justin Sun bought $100 cardinal of $TRUMP and promised to assistance the memecoin spell large successful Asia and Africa.
Next week (dubbed "Crypto Week") promises to beryllium historical for crypto news. The House considers stablecoin and marketplace operation legislation and the Senate has a proceeding planned connected digital plus taxation. First a trickle, past a flood.
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