Market Overview
Weekly Performance Highlights
- BTC: Gained 2.77%, maintaining bullish momentum with strong technical indicators. Resistance at $107,000 breached; next target at $110,000.
- ETH: Dip of 1.37% amid consolidation between $2,100–$2,500. Outpaced by BTC and select altcoins.
- Altcoins: Mixed performance led by SEI (+50.7%), while AB fell 33%. Bitcoin Fork, ZK, and Oracle sectors rose 5.3%, 5.2%, and 4.7%, respectively.
- Stablecoins: Ethereum-based stablecoin users surpassed 750K weekly—a historic milestone. USDT/USDC dominate ($730B/$410B supply).
Key Developments
1. Ethereum Stablecoin Adoption Soars
- 75K+ weekly active users—institutional and retail demand converge.
- USDT/USDC control 85% of Ethereum’s $1.34T stablecoin market.
Trend: Shift from speculation to payments/utility drives growth.
👉 Why stablecoins are the backbone of DeFi
2. MetaSo’s Web3 Social Milestone
- 100M+ on-chain interactions on Bitcoin’s ecosystem.
- New "Secondary Distribution" model rewards users for engagement (e.g., posting, liking).
Impact: Demonstrates scalable decentralized social use cases.
3. BitGo’s Institutional Momentum
- $100B in custody assets—50% tied to staking services.
- Planned 2025 IPO and global expansions (Korea, Dubai).
Sector Deep Dives
Bitcoin Fork
| Metric | Change (7d) |
|---|---|
| BCH | +5.8% |
| BSV | +2.9% |
Catalyst: Upgrades and store-of-value narratives.
Zero-Knowledge (ZK)
- Privacy & scaling solutions gain traction (+5.2% sector growth).
- Top performers: MOVE (+39.1%), ZKML (+16.7%).
Oracle Networks
- Vital for DeFi data feeds (+4.7%).
- Leaders: BIRD (+28.9%), SEDA (+13.3%).
Regulatory & Innovation Updates
SEC’s ETF Progress
- Commissioner Peirce hints at physical redemption approvals for Bitcoin ETFs.
- "Enhances institutional access," boosting legitimacy.
Bit Digital’s ETH Pivot
- Exiting BTC mining to focus on Ethereum staking/treasury.
- Plans to convert $34.5M BTC holdings into ETH.
RWA Cross-Chain Breakthrough
- Lumia + Avail Stack collaboration enables tokenized asset interoperability.
- Targets institutional-grade security/messaging.
FAQs
Q: Why are stablecoin users surging?
A: Demand for low-volatility transactions in DeFi and remittances—plus institutional entry.
Q: What’s MetaSo’s "Secondary Distribution"?
A: Nodes share staking rewards with active users, incentivizing participation.
Q: How significant is BitGo’s $100B custody milestone?
A: Reflects growing trust in regulated crypto custodians, especially for staking.
👉 Explore institutional crypto trends
Data as of June 2025. Sources: CoinGecko, MetaBlock, BitGo disclosures.
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