Crypto weekly is authored by maaria and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.92T): +2% / +15%
- BTC ($111,141): +2% / +19%
- ETH ($4,291): 0% / +29%
- SOL ($205): +4% / +8%
- UNI ($9.35): 0% / -29%
- OP ($0.7164): +6% / -59%
- COIN ($299.07): -2% / +20%
- Tether Mkt Cap ($168.9B): +1% / +22%
- USDC Mkt Cap ($72.5B): +1% / +66%
- BTC / ETH Dominance: 56% / 13%

THIS WEEK IN CRYPTO
- The total amount of bitcoin held by public companies passed 1 million BTC worth about $111 billion, driven by companies like MicroStrategy. Link.

- Ethereum's monthly spot trading volume on centralized exchanges surpassed Bitcoin's for the first time in over seven years, driven by institutional treasury purchases and ETF inflows. Link.

- The SEC and CFTC proposed making US financial markets operate 24/7 to compete with crypto markets, along with easing rules for prediction markets, perpetual derivatives, and DeFi protocols. Link.

- Nasdaq is tightening oversight of US-listed companies raising funds to buy cryptocurrencies as 154 firms have announced plans to raise $98 billion for crypto purchases since January 2025. Link.

- Stripe and crypto venture firm Paradigm announced a joint blockchain project called Tempo, a stablecoin-focused layer 1 blockchain designed for global payments. Partners include Anthropic, OpenAI, Deutsche Bank, and Shopify. Link. Link. Link.

- Crypto exchange Gemini is seeking to raise up to $317 million in its IPO, which would value the company at about $2.2 billion. Link. Link.

- Nearly a year of former SEC Chair Gary Gensler's text messages from October 2022 to September 2023 were permanently lost due to “IT failures”. Link.

- Decentralized exchange Hyperliquid is preparing to launch its own dollar-backed stablecoin called USDH through an upcoming governance vote, aiming to reduce its dependency on Circle's USDC and potentially capture revenue from reserve assets backing the token. Link.

- Tether, the issuer of the world's largest stablecoin USDT, is planning to invest in gold mining operations, adding to its existing $8.7 billion gold holdings. Link.

- The Trump family gained approximately $5 billion in paper wealth after their cryptocurrency venture World Liberty Financial launched public trading of its WLFI token. Link.

- Polymarket, the crypto-based prediction market, received regulatory approval from the CFTC to launch in the US after obtaining a no-action letter and acquiring the already-approved exchange QCX. Link. Link.

- Trump’s World Liberty project blacklisted billionaire investor Justin Sun from moving WLFI tokens after his wallet transferred $9 million worth of tokens. Sun publicly denounced the freeze and the token's price fell 40% below its debut. Link. Link.

- The Federal Reserve will host a payments innovation conference in October, focusing on integrating cryptocurrency, stablecoins, AI, and decentralized finance into the traditional payments system. Link.

- Tokenized Pokémon cards are experiencing a surge in popularity, driven primarily by the launch of Collector Crypt's CARDS token on Solana, which saw its market cap jump to $85 million. Link.

- The SEC and CFTC issued joint guidance that registered exchanges can list spot crypto trading products that meet transparency and investor protection standards. The SEC and CFTC also announced plans to “harmonize” their approach to regulating crypto products. Link. Link. Link.

- Coinbase CEO Brian Armstrong announced that 40% of the company's daily code is now AI-generated, with a goal to exceed 50% by October. Link.

- Kazakhstan launched a pilot program allowing firms to pay regulatory fees using USD-backed stablecoins. Link.

- Etherealize, a startup co-founded by Ethereum's Danny Ryan, has raised $40 million from Paradigm and Electric Capital to tokenize traditional financial assets like mortgages and credit products on Ethereum. Link.

- The US climbed from fourth to second place in Chainalysis' 2025 Global Crypto Adoption Index due to regulatory clarity around Bitcoin ETFs and stablecoins driving institutional demand, while India maintained its three-year streak at the top position. Link.

- Ondo Finance has launched over 100 tokenized U.S. stocks and ETFs on Ethereum with 24/7 trading availability for non-US investors, planning to expand to 1,000 assets by year-end. Link.

- Kyle Samani from Multicoin Capital is set to chair a $1 billion Solana treasury fund backed by major firms including Galaxy and Jump Trading. Link.

- Taiwanese venture capital firm Sora Ventures announced plans to raise $1 billion to create Asia's first major Bitcoin treasury fund. Link.