Jul 06, 2025

07-06-2025

Crypto weekly is authored by maaria and david blumenfeld


PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.44T): +1% / +1%
- BTC ($108,857): +1% / +16%
- ETH ($2,557): +5% / -23%
- SOL ($151): 0% / -20%
- UNI ($7.43): +4% / -44%
- OP ($0.54): -2% / -69%
- COIN ($355): +1% / +43%
- Tether Mkt Cap ($159B): +1% / +14%
- USDC Mkt Cap ($62B): +1% / +42%
- BTC / ETH Dominance: 63% / 9%

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THIS WEEK IN CRYPTO
- Robinhood is letting customers in the EU trade over 200 US stocks and ETFs on the Arbitrum blockchain. Stocks available include private shares of OpenAI and SpaceX. Link

- Cloud-based design platform Figma disclosed $70 million in BTC on its balance sheet in its IPO filing. Link

- Senator Lummis is pushing to make crypto transactions under $300 tax-free in the Senate’s “One Big Beautiful Bill”. Link. Link

- Blackrock, the world’s largest asset manager, makes more in revenue on its $75 billion bitcoin ETF than it does on its $624 billion S&P 500 ETF. Link

- Peter Thiel and Palmer Luckey are leading an effort to establish a new commercial bank called Erebor that will service crypto and AI startups. Link. Link

- USDC issuer Circle applied to establish a new federally regulated entity called First National Digital Currency Bank, which would allow Circle to directly manage and act as custodian for its USDC reserves. Link

- The SEC is collaborating with major exchanges to develop a new standard for token-based ETFs, that could reduce the process from 8 months to 75 days. Link

- US Republican House leaders are considering three key crypto bills starting mid-July as part of a regulatory “Crypto Week”, including the stablecoin GENIUS Act which has already passed a critical Senate vote. Link

- The US Supreme Court refused to hear a case related to an IRS request that would force Coinbase to turn over transaction information for more than 14,000 customers. Link

- Coinbase acquired token management platform Liquifi, its fifth acquisition this year. Link

- The IRS has reportedly sent US crypto investors and taxpayers significantly more warnings about inaccurate tax reportings over the past two months than anytime in the past few years. Link

- JPMorgan’s blockchain unit is developing a new service to tokenize carbon credits. Link

- Ripple formally applied for a US national banking license, which would allow the company to operate as a federally regulated bank. Link

- Wallet addresses that were inactive since 2011 that held 10,000 BTC, worth over $1.1 billion today, finally moved assets to centralized exchanges. Link

- Bitcoin-focused venture studio Thesis acquired bitcoin rewards platform Lolli. Link.