Monday Morning Blockchain
7th July 2025
Market Overview
The cryptocurrency market consolidated this week, buoyed by institutional activity ahead of macroeconomic catalysts. The current global market cap sits around $3.33 trillion, with a 0.13% uptick over the past 24 hours coindcx.com+4coinmarketcap.com+4riotimesonline.com+4.
Top Cryptocurrencies Performance
Bitcoin (BTC): Trading around $108,949, up ~0.8% in the last 24 hours—hovering close to its all-time high of ~$112K investopedia.com+4barrons.com+4coindcx.com+4.
Ethereum (ETH): Trading at ~$2,581.51, up ~2.7%, recovering momentum as institutional spot ETH ETFs fuel renewed interest riotimesonline.com+3m.economictimes.com+3en.cryptonomist.ch+3.
XRP: Up ~1.6% intraday, supported by renewed token momentum .
Solana (SOL): Gaining ~2.1%, driven by ETF flows and broader altcoin strength onesafe.io+12barrons.com+12ccn.com+12.
Top Altcoins: Memecoins like PENGU (+69%), BONK, and FARTCOIN led early July gains; mid‑caps like HYPE and SUI also outperformed large-cap peers tronweekly.com+2ccn.com+2cryptorank.io+2.
Notable Events Impacting the Market
Institutional ETF Momentum:
Net inflows into Bitcoin spot ETFs have reached ~$14.4B year‑to‑date; ETH and SOL spot ETFs also gather steam investopedia.com+1ainvest.com+1.Tokenized Treasury Boom:
Tokenized Treasury/money market products surpassed $7.4B, growing 80% YTD and gaining traction as alternatives to stablecoins ft.com+1ft.com+1.Bullish Outlook from Philippe Laffont:
Coatue’s founder projects Bitcoin could more than double to a $5T market cap, seeing it as a growing share of global wealth onesafe.io+15businessinsider.com+15barrons.com+15.China Preps Yuan-Linked Stablecoin:
JD.com and Ant Group are lobbying for offshore yuan stablecoins via Hong Kong, as the PBOC aims to reduce dollar stablecoin dependence reuters.com+1en.wikipedia.org+1.Global Crypto Adoption Trends:
CBDC pilots now span 49 countries, while U.S. remains crypto‑friendly under the Trump admin coindcx.com+5axios.com+5theaustralian.com.au+5.
Investor Sentiment & Technicals
Bullish but Cautious: Fear & Greed index remains neutral–positive.
Volume Focus: ETF inflows and altcoin volume spikes are primary drivers.
Support Levels: BTC continues to hold above $108K; ETH reclaiming $2.5K support region.
Conclusion
Crypto markets are entering summer consolidation mode, energised by institutional capital flows—especially via ETFs and tokenised assets. Large caps maintain stability near record levels, while select altcoins ride speculative momentum. Key near-term catalysts include macro data, ETF performance, and China’s stablecoin developments. The shift toward regulated on‑chain treasury products marks another step in crypto’s institutional maturation.
This Week in Crypto: Major Stories
Bitcoin Holds Steady Near Record Highs Amid Tariff Fears
Bitcoin climbed ~0.8% to $108,944 on July 7—just ~3% below its all-time high—as traders hedge against upcoming U.S. tariffs and position in crypto over risk assets cryptonews.comm.economictimes.com+6barrons.com+6ccn.com+6.Institutional ETF Inflows Surge
Net inflows into Bitcoin spot ETFs have reached $14.4 billion YTD, with growing interest in ETH and SOL spot ETFs—highlighting institutional crypto demand en.wikipedia.org+3investopedia.com+3m.economictimes.com+3.Post-Jobs Data Bitcoin Pullback
After a spike past $110K on solid June jobs numbers, Bitcoin dropped ~1.2% to $107,845 alongside equities due to renewed tariff concerns actusnews.com+9barrons.com+9barrons.com+9.Trump’s Crypto Ventures Earn $620M+ Gains
The Trump family reportedly added at least $620 million to their net worth via crypto holdings—highlighting the potential personal upside tied to political crypto initiatives cryptonews.com+1nypost.com+1en.wikipedia.org+1nypost.com+1.Swyftx Acquires Caleb & Brown to Expand in U.S.
Australian platform Swyftx acquired Caleb & Brown (>$2B AUM), aiming to serve affluent U.S. clients amid growing crypto demand indiatimes.com+10theaustralian.com.au+10investopedia.com+10.Top Tokens to Watch This July
Emerging tokens like LILPEPE, XLM, SEI, JUP, and SUI are gaining early momentum and catching trader attention as July unfolds en.cryptonomist.ch+1indiatimes.com+1indiatimes.com.Circle Stock Jumps on Liquifi Deal, Stablecoin Momentum
Coinbase’s acquisition of Liquifi and Circle’s stablecoin growth suggest regulatory clarity may be fueling investor enthusiasm axios.com.Ripple Seeks U.S. Banking License
Ripple applied for a national banking license and Federal Reserve master account—marking a push to integrate RLUSD and expand stablecoin banking services wsj.com.Metaplanet Increases BTC Holdings by 2,205
Japanese firm Metaplanet added 2,205 BTC (now 15,555 total) via a $213M purchase—part of its successful Bitcoin treasury strategy coindesk.com+1reuters.com+1.Spanish Crypto Fraud Ring Dismantled
Europol confirmed a Spanish-led crypto laundering network moved over €540 million, reinforcing global regulatory pressure and enforcement efforts reuters.com.
Meme of the week
