🚀 Market Overview
Bitcoin ($BTC ): +5.55% this week
Ethereum ($ETH ): +13.47%, outperforming BTC
Total crypto market cap: 6.43% increase to $3.686 trillion
Liquidations: Low until a BTC surge wiped out nearly $1 billion in short positions
Funding Rates: Slight uptick across major assets, but remain stable
🔍 Narrative of the Week
Pump.fun ICO launch: Set for July 12, selling 33% of supply and hinting at an airdrop
Debate: Critics argue presales are often scams, while supporters point to Pump.fun’s strong traction and high revenue (CoinMarketCap)
🛠 Major Project Updates
Plasma (Tether-backed stablecoin L1): Token sale starting July 17; deposits lock July 14 (CoinMarketCap)
Sonic: Released SonicCS 2.0, doubling speed and slashing memory use by 68% (CoinMarketCap)
Mantle: Launched MantleX, an AI-blockchain incubator and R&D arm (CoinMarketCap)
Ondo Finance: Bought broker-dealer Oasis Pro, expanding into tokenized securities in the U.S. (CoinMarketCap)
⚙️ DeFi Brief
Phantom Wallet: Introduced Phantom Perps, offering on-wallet perpetual trading via Hyperliquid
GMX DEX: Suffers major exploit—$40 million stolen from liquidity pool
Aevo (on Base): Launched stock perps with up to 1000× leverage (CRCL, COIN, MSTR, HOOD) (CoinMarketCap)
🐶 Meme Coins
$BONK & LetsBonk launchpad: Graduations surge, overtaking Pump.fun in launchpad market share (CoinMarketCap)
💰 Fundraises
Kuru Exchange (Monad-based CLOB DEX): $11.6 M raised
Agora (stablecoin protocol): $50 M Series A
Velvet Capital: $3.7 M raised for DeFi portfolio/asset platform
✨ Airdrops
Eclipse (SVM-based Ethereum L2): Released its airdrop checker ahead of distribution
🐦 Tweet of the Week
“We’re gonna win so much, you may even get tired of winning.” —@boldleonidas
💡 TL;DR
Markets surge: BTC/ETH lead gains; shorts liquidated
Pump.fun buzz: ICO hype mixed with skepticism
Tech momentum: New token sales and protocol upgrades across ecosystems
DeFi expansion: More on-wallet trading options, but risks exposed with hacks
Meme revival: Bonk-led launchpads fight for dominance
Funding & airdrops: Multiple notable deals and upcoming token distributions.
#MarketSentimentToday #BTCBreaksATH #Binance
Source: Coin Market Cap research
