3 hours ago
Optimistic regulatory expectations became the focal constituent for cryptocurrency investors this week, pursuing an lawsuit dubbed by the US authorities arsenic “Crypto Week,” during which lawmakers sought to walk 3 cardinal regulatory bills for the Web3 industry.
Fueled by the optimistic outlook, Bitcoin (BTC) flipped Amazon’s $2.3 trillion marketplace capitalization and soared to go the world’s fifth-largest asset by full value.
Regulators passed the 3 cardinal bills amid Republican concerns with cardinal slope integer currencies (CBDCs).
In a Thursday House session, lawmakers voted 294-134 to walk the Digital Asset Market Clarity (CLARITY) Act, a measure aimed astatine establishing a marketplace operation for cryptocurrencies, 308-122 successful favour of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act and 219-210 for the Anti-CBDC Surveillance State Act.
Industry watchers presumption the GENIUS Act as the cardinal to legitimizing stablecoins for planetary adoption among banks and fiscal institutions.
Thursday ballot connected the CLARITY Act. Source: US House of RepresentativesBitcoin flips Amazon’s $2.3T marketplace headdress to go 5th planetary asset
Bitcoin has go the world’s fifth-largest asset, overtaking Amazon by marketplace capitalization.
Bitcoin (BTC) terms roseate to a new all-time high of $122,600 connected Monday and has soared astir 13% implicit the past week, arsenic Cointelegraph reported.
These gains allowed Bitcoin to surpass a $2.4 trillion marketplace capitalization, overtaking Amazon’s $2.3 trillion, Silver’s $2.2 trillion and Alphabet’s (Google) $2.19 trillion, Cointelegraph information shows.
This meant Bitcoin’s marketplace headdress was lone $730 cardinal shy of tech elephantine Apple astatine the clip of writing.
Largest planetary assets by marketplace capitalization. Source: Companiesmarketcap The improvement signals Bitcoin’s increasing beingness successful the planetary fiscal system, according to Enmanuel Cardozo, marketplace expert astatine real-world asset tokenization level Brickken. He told Cointelegraph:
“With organization giants similar BlackRock and MicroStrategy's treasury continually increasing, the legitimacy of Bitcoin arsenic an investable plus people is nary longer successful question, with regulatory momentum besides shifting.”
Cardozo said that continued organization accumulation and the “supportive macro situation whitethorn assistance Bitcoin surpass Apple’s valuation, implying a Bitcoin terms of implicit $142,000.
Grayscale submits confidential IPO filing with SEC
Cryptocurrency-focused plus manager and exchange-traded money (ETF) issuer Grayscale joined a increasing database of crypto companies seeking to motorboat IPOs successful the United States.
On Monday, Grayscale said it had filed to database its institution shares with the Securities and Exchange Commission (SEC) nether a caller clause that enables confidential filings up of a last nationalist offering.
Entering nationalist markets would alteration Grayscale to question much backing opportunities done strategies specified arsenic public banal offerings, which was leveraged by Michael Saylor’s Strategy, oregon convertible enactment offerings, specified arsenic GameStop’s $2.25 billion offering from June 13.
Grayscale’s filing comes implicit a period aft Circle, the issuer of the world’s second-largest stablecoin USDC (USDC), upsized its IPO to much than $1.05 cardinal and debuted connected the New York Stock Exchange connected June 5.
CRCL/USD 1-day terms chart, aft Circle IPO. Source: Yahoo FinanceThe IPO pricing gave Circle a valuation of $6.9 cardinal based connected the much than 220 cardinal outstanding shares listed successful its June 2 filing.
Circle’s IPO occurrence whitethorn animate much crypto-native firms to determination into nationalist markets with akin offerings, sparking a renewed crypto IPO season successful 2025.
Trump’s World Liberty crypto tokens are acceptable to go tradable
Tokenholders of US President Donald Trump-backed crypto task World Liberty Financial (WLFI) person voted to marque them tradable, opening the doorway for the Trump-linked token to summation successful value.
The connection submitted by the WLFI team connected July 9 closed connected Wednesday, with an “overwhelming” 99.94% successful favour of the unlock. It volition marque the platform’s governance token tradable done peer-to-peer transactions and secondary markets.
“Following the ballot to marque the token tradable, WLFI’s governance model volition alteration much tokenholders to enactment straight successful protocol decisions,” the WLFI squad said successful the proposal.
“This includes voting connected emissions, ecosystem incentives, and aboriginal treasury actions. This connection is the archetypal measurement successful handing greater power to the community.”
Not each the governance tokens volition beryllium unlocked astatine once, according to the WLFI team, and a afloat motorboat program is coming soon, according to WLFI’s station connected X connected Wednesday.
DEX-to-CEX ratio hits caller precocious arsenic crypto traders fly centralization
Cryptocurrency traders person been moving distant from centralized exchanges (CEXs) successful favour of decentralized exchanges (DEXs), pushing the CEX-to-DEX ratio to a caller all-time high.
Spot trading measurement connected DEXs surged astatine slightest 25% successful the 2nd 4th of 2025 implicit the erstwhile quarter, portion CEXs volumes plunged astir 28%, according to the latest quarterly manufacture study by the crypto information aggregator CoinGecko.
This displacement drove the DEX-to-CEX ratio to a grounds precocious successful Q2, rising from 0.13 successful the erstwhile 4th to 0.23, the study noted.
Despite the expanding ratio, the spot DEX marketplace is inactive importantly smaller than CEX, with the apical 10 decentralized trading platforms posting $877 cardinal successful measurement successful Q2, compared with $3.9 trillion for CEXs.
BTCFi TVL jumps 22x to $7B, but spot remains an issue
Bitcoin-based decentralized concern (DeFi), often referred to arsenic BTCFi, is experiencing important maturation but inactive faces challenges.
According to DefiLlama data, Bitcoin-based (BTC) DeFi protocols’ full worth locked (TVL) went from $304.66 cardinal connected Jan. 1, 2024, to $6.5 cardinal by Dec. 31, 2024. As of publication, DefiLlama information shows that BTCFi has a TVL of $7.05 billion.
This translates to an summation of much than 22 times. A study shared by Bitcoin smart-contract furniture Arch Network suggests that “this surge was fueled by caller protocol launches, emerging token standards, organization inflows, a large terms rally pushing BTC to an all-time high, and the emergence of liquid restaking.”
The survey results released successful the study amusement that contempt immoderate solutions already connected the market, 36% of the respondents bash not prosecute with BTCFi owed to a deficiency of trust. One-quarter debar interactions with BTCFi owed to hazard and fearfulness of losses. Most (60%) presumption smart-contract exploits arsenic the apical information risk.
BTCFi TVL chart. Source: DefiLlamaDeFi marketplace overview
According to Cointelegraph Markets Pro and TradingView data, astir of the 100 largest cryptocurrencies by marketplace capitalization ended the week successful the green.
The Curve DAO (CRV) token was the biggest gainer successful the apical 100, rising much than 63% implicit the past week, followed by the Stellar (XLM) token, up implicit 63%.
Total worth locked successful DeFi. Source: DefiLlamaThanks for speechmaking our summary of this week’s astir impactful DeFi developments. Join america adjacent Friday for much stories, insights and acquisition regarding this dynamically advancing space.
English (US) 