Crypto weekly is authored by maaria and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.78T): +10% / +11%
- BTC ($119,019): +9% / +27%
- ETH ($3,002): +17% / -10%
- SOL ($164): +9% / -13%
- UNI ($8.66): +17% / -34%
- OP ($0.67): +23% / -62%
- COIN ($387): +9% / +56%
- Tether Mkt Cap ($160B): +1% / +15%
- USDC Mkt Cap ($64B): +2% / +45%
- BTC / ETH Dominance: 62% / 10%

THIS WEEK IN CRYPTO
- Bitcoin hit $119,000 and Ethereum reached $3,000 (5-month high), driven by corporate adoption and favorable legislation. BTC gained 25% year-to-date, surpassing S&P 500's 7% gain.

- SharpLink Gaming, led by Consensus CEO Joe Lubin, purchased 10,000 ETH from the Ethereum Foundation, becoming the second-largest holder after the Foundation.

- Pump.fun memecoin platform raised "$500 million in 12 minutes" through an ICO valuing the token at $4 billion fully diluted value, causing exchange fulfillment issues. Alternative source

- USDT and USDC market caps reached record levels, signaling fresh capital inflow with "$2.7 billion combined growth since July."

- Florida's AG investigating Robinhood for allegedly misleading advertising about crypto trading costs.

- Justin Sun announced plans to purchase $100 million of Trump's memecoin.

- Crypto venture capital rebounded to $2.8 billion in June 2025 after May's $594 million.

- Elon Musk's America Party embracing Bitcoin for fiscal reform. Additional source

- Eigen Labs conducted 25% layoffs to refocus on EigenCloud platform.

- Traders planning legal action against Polymarket regarding a "$242 million" contested market resolution.

- Tether holds nearly 80 tons of gold worth "$8 billion" in Swiss storage.

- NFT trading volumes fell to "$823 million in Q2 2025," down from $4 billion previously.

- CoreWeave acquiring Core Scientific for "$9 billion" in all-stock deal.

- GMX hacker returned "$35 million" after accepting 10% bounty on stolen funds.

- Jack Dorsey released Bitchat test version for Bluetooth-based encrypted messaging. GitHub repository

- Snoop Dogg sold 1 million NFTs on TON blockchain generating "$12 million."

- Coinbase partnering with Perplexity AI for cryptocurrency data in search.