Crypto weekly is authored by maaria and david blumenfeld

PRICE CHANGE: WTD/YTD
- Crypto Market Cap ($3.92T): -1% / +15%
- BTC ($110,822): -1% / +19%
- ETH ($4,048): -2% / +21%
- SOL ($207): -5% / +9%
- UNI ($7.63): -6% / -42%
- OP ($0.67): -3% / -62%
- COIN ($313): -9% / +26%
- Tether Mkt Cap ($175.2B): +2% / +26%
- USDC Mkt Cap ($74.0B): 0% / +69%
- BTC / ETH Dominance: 56% / 13%

THIS WEEK IN CRYPTO

- Bitcoin and crypto markes fell along with a broader market selloff for risk assets, driven by valuation concerns and rising bond yields. Link. 

- Cryptocurrency markets experienced a massive selloff with over $1.5 billion in long positions liquidated, the largest liquidation event since March. Link. 

- Solana spot ETF filers, including Fidelity and BlackRock, amended their filings to add details about staking SOL to earn extra yield on their holdings. Analysts predict the ETFs could hit the market within weeks. Link. 

- USDT stablecoin issuer Tether is reportedly raising $15-20 billion at a $500 billion valuation. Link. Link. 

- Cloudflare launched NET Dollar, a US-dollar backed stablecoin designed to enable instant microtransactions for AI agents. Link. 

- The CFTC will allow derivatives traders to use tokens like stablecoins as collateral to secure trading positions. Link. 

- Circle is exploring ways to make USDC stablecoin transactions reversible in cases of fraud or disputes to help mainstream adoption. Link. 

- Ethereum ETF volumes have grown from 3% to 15% of total spot market volume since their November 2024 launch. Link. 

- The number of crypto millionaires has surged 40% to nearly 250,000 people, with 60% of this wealth coming from bitcoin. Link. 

- According to a new Chainalysis report, India, Pakistan, and Vietnam experienced the fastest growth in crypto adoption globally, with transaction volume increasing from $1.4 trillion to $2.4 trillion over the past 12 months. Link. 

- Former California Assembly majority leader Ian Calderon announced his gubernatorial campaign with a pledge to put bitcoin on California's balance sheet and make the state the "undisputed leader" on bitcoin policy. Link. 

- Decentralized exchange Aster briefly overtook Hyperliquid in daily perpetual trading volume with $29.5 billion in trades. Link. 

- Ethereum fell below $4,000 due to macroeconomic concerns and reduced ETF inflows. Link.

- Morgan Stanley is partnering with Zerohash to offer crypto trading to E*Trade clients beginning in 2026. Link. 

- Uniswap Labs has released "The Compact v1," an ownerless ERC-6909 contract system designed to reduce cross-chain liquidity fragmentation by enabling secure, reusable resource locks that allow sponsors to deposit tokens and create verifiable commitments for cross-chain applications. Link. 

- Cloudflare and Coinbase have launched the x402 Foundation to promote a new protocol that standardizes machine-to-machine payments on the web, enabling AI agents and automated systems to make micropayments for services without requiring accounts or subscriptions. Link. 

- The ransomware group Rhysida is auctioning stolen sensitive data from the Maryland Department of Transportation for $3.4 million in Bitcoin after a cybersecurity breach that compromised personal information including social security numbers and addresses. Link. 

- Helius Medical’s stock dropped 16% after the company made its first Solana treasury purchase of 760,190 SOL tokens worth $168 million. Link. 

- The US Senate Finance Committee has scheduled a hearing on cryptocurrency taxation. Link.