Greetings everyone 😉
Bitcoin is trading around $106,279,
Ethereum — about $2,444,
Fear and Greed Index — 66 (greed zone),
Bitcoin dominance — 65.34%,
Altseason Index — 18 (BTC dominance is increasing),
Total Market Capitalization of Cryptocurrencies — $3.23 trillion,
Inflow into BTC-ETF — $588.6 million,
Inflow into ETH-ETF — $71.3 million.
---
📌 Key Events and Trends:
1. Institutional Investments:
Metaplanet raised $510 million for further Bitcoin purchases, increasing institutional demand.
2. Regulatory Initiatives:
New York Mayor Eric Adams plans to implement a city crypto council, digital education in schools, and the use of cryptocurrencies in municipal services, including the issuance of Bitcoin bonds. The city controller is opposing this.
3. Manipulations with Mem Tokens:
The Melania Token ($MELANIA) team has withdrawn 82.18 million tokens (~$35.76 million) through 44 addresses in 4 months, representing 8.22% of the total supply. The price has decreased by 3.2% to $0.2110.
4. Technological Innovations:
Matter Labs introduced the zkVM protocol Airbender, which allows verifying Ethereum blocks in 35 seconds using a single GPU. It promises to reduce transaction fees to less than $0.01. Integration with ZKsync is expected by the end of summer.
5. Financial Infrastructure:
Leading banks in South Korea are forming a consortium to issue a stablecoin backed by the South Korean won.
6. AI and Tokenomics:
Sahara AI introduced the $SAHARA token (10 billion in circulation), which is used to pay for access to AI data, computing resources, gas, as well as for governance and staking.
7. Security and Law Enforcement:
Coinbase helped the U.S. Secret Service track and recover $225 million stolen in a 'pig-butchering' scheme in 2023.
8. IPO and Institutional Growth:
BitGo plans an IPO in the second half of 2025. The company currently manages $100 billion in assets (up from $60 billion at the beginning of the year).
9. Token Activity:
Chainlink (LINK) gained 11% after reaching a record number of holders (769,380). Annual wallet activity, however, decreased by 17.3%, which may signal potential for long-term accumulation.$LINK
10. Political Rumors and Denials:
There are rumors of a pardon for CZ from Donald Trump — the information has been officially denied.
11. Geopolitics and Crypto Legislation:
128 Democrats supported Republicans in blocking Trump's impeachment for strikes on Iran.
Arizona passed law HB2324 to create a 'Bitcoin Reserve' for holding assets seized as a result of crimes.