1. Bitcoin Smashes Records Again
New All-Time High: Bitcoin surged past $124,000, making it the fifth-largest global asset by market cap — ahead of Google.Financial TimesThe Times of IndiaCoinDesk
Why It’s Rallying: Institutional demand is surging, favored by pro-crypto U.S. policies, including an executive order allowing retirement funds to include crypto.Financial TimesBarron'sReuters
Stock Market Parallels: The crypto rally mirrors strength in U.S. equities and is reinforced by continued macro optimism.ReutersFinancial Times
2. Altcoins on the Move
Ethereum & L2’s Rallying: ETH surged past $4,700 with strong gains in Layer-2 projects like Arbitrum and zkSync, both climbing over 16%. Shuffle for meme tokens: TRUMP +7%, Fartcoin +10%, and OKB led with a massive 132% jump after a token burn.TradingViewCryptonews
Market Sentiment Flashing Altseason: Bitcoin dominance has dropped to 59.3%, fueling speculation that we’re already midway through an altcoin season. Ray Youssef of NoOnes says the rally began back in April.BeInCrypto
3. XRP's Revival & New Launches
Near ATH: XRP is heating up, climbing ~40% last month and nearing its all-time high of $3.84. ETF optimism and its legal showdown resolution are fueling the momentum. Growing attention on new crypto launches that may surpass XRP’s performance in 2025.The Economic Times
4. Regulatory Advances and Industry Boom
U.S. IPO Wave: The nascent crypto market is opening up as firms go public: Bullish IPO raised $1.1B; other players like Circle, Kraken, and Grayscale are exploring listings.Reuters
Stablecoin Legislation Moves Forward: The GENIUS Act has passed — enforcing 1:1 backing with high-quality assets, ushering in stricter regulation and transparency