📰 Crypto Weekly Digest – June 5, 2025

🔑 Key Highlights:

₿ BTC tried to break $111K but failed; range-bound between $104.5K–$111K.

Ξ ETH trading between $2,300–$2,700, backed by $744M ETF inflows.

📉 Altcoins mixed:

AI: -13.7%

Meme: -8.7%

DeFi: -5.4%

⏳ SUI ETF: SEC delays Canary Capital decision to Jan 18, 2026.

💸 Falcon Finance: USDf supply tops $500M; yields up to 10% APY via overcollateralized stablecoins.

🏦 Ethereum Foundation:

Spending cuts to 5% annually

2.5 years of fiat reserves

Improved treasury transparency

📈 Circle IPO: Priced at $31/share, raised $1.1B, valued at $6.9B (Ticker: CRCL).

🚨 Pump.fun:

60%+ of 4.25M addresses at a loss

Targeting $1B raise, $4B valuation

📊 Market Summary:

Futures: BTC ETF flows mixed 📉📈; ETH ETFs strong 💪

Stablecoins: Market cap rose +1.01% to $249.7B 💵

Gas Fees: ETH usage up 🔥; avg gas at 0.723 Gwei ⛽

🌐 Project Spotlight – Sophon Network:

Launch via Gate Launchpool 🚀 (24M SOPH airdrop 🎁)

ZK Stack-based L2 for games 🎮, NFTs 🖼️, and social 📱

Token SOPH for fees, staking, governance ⚙️

💰 Funding Highlights:

Rails: $12M for self-custody exchange 🔐

Avantis: $8M for synthetic leverage trading 📊

3Jane: $5.2M for restaking-based derivatives 🌀

📆 Upcoming Token Unlocks (June 9–15):

APT: $56M (1.8% of supply)

STRK: $17M (4%)

IMX: $13.5M (1.85%)

$BTC $ETH $XRP