Coin360 Weekly Dispatch | Crypto Market Updates & Highlights | June 29 - July 5, 2025

Crypto Weekly Market Update

Table of Contents

Market Movements and Trends

• Crypto Weekly Recap

Macro and Regulatory Developments

• Trump Enacts $3.3 Trillion Fiscal Bill, Boosting Bitcoin Amidst Inflation Concerns and Regulatory Changes
• Hilbert Stock Soars as It Bets Big on Bitcoin Treasury and Institutional Tokenization
• Syntetika Forms Advisory Board to Enhance Compliance and Tokenize Bitcoin Funds
• Robinhood Launches 200 Tokenized U.S. Equities in Europe, Stock Surges 8% Amid Controversy
• Circle and Ripple Apply for U.S. Banking Licenses to Strengthen Stablecoin Presence

Exchange and Platform News

• Coinbase Acquires Token Startup Liquifi, Its Fourth Takeover of 2025
• XRPL EVM Sidechain Launches on Mainnet, Enabling Ethereum-Compatible Smart Contracts

Global Developments and Legal Actions

• FTX Suspends Payouts in 49 Countries, China Most Affected Amid Legal Barriers
• Brazil’s Central Bank Investigates $140M Crypto Laundering Scheme Linked to Major Hack

Crypto Weekly Recap

Total crypto market cap: 3.29T

Crypto Fear & Greed Index: 67 (Greed)

BTC.D: 65.45%

Bitcoin:

• Weekly performance: +0.89%
• US Spot BTC ETFs: +$769.60M
• Bitcoin traded within a tight weekly range between $105,500 and $110,390, with key support holding at $103,000–105,000 despite selling pressure.
• BlackRock’s IBIT reached $70B AUM faster than any U.S. ETF, earning $187.2M—surpassing the $187.1M of its $624B sibling fund, IVV.
• Market sentiment reacted to U.S. trade deals and Trump’s newly signed Big Beautiful Bill, which fueled risk-on appetite, while Elon Musk proposed a new "American Party" out of dissatisfaction.
• Whale wallets moved over $8B in BTC on Friday after 14 years of dormancy—the largest single-day transfer of decade-old coins—causing a dip to $107,550 before rebounding.
• Early Bitcoin whales sold over 500,000 BTC worth $50B in the past year, while institutions accumulated around 900,000 BTC through ETFs, treasuries, and asset managers.
• Standard Chartered maintained its bullish outlook, forecasting BTC to hit $135K in Q3.

Ethereum:

• Weekly performance: +3.73%
• US Spot ETH ETFs: +$219.19M
• Ethereum closed near $2,522 after opening around $2,430.
• A Thursday breakout attempt hit $2,628 but failed to hold.
• The GENIUS Act’s passage clarified stablecoin rules, boosting USDC and USDT supply by $1.2B—expected to improve ETH liquidity as a preferred compliance chain.
• Analysts saw a breakout likely if ETH reclaimed $2,600, eyeing targets of $3,000 to $3,700 with continued momentum.

Altcoins:

• Big banks and billionaires strengthened TradFi-crypto ties, with Bitcoin at the center.
• Corporate crypto treasuries swelled in Q2, signaling rising institutional demand.
• Global policy shifts focused on crypto laws, stablecoin regulation, and enforcement crackdowns.
• Crypto funds saw $2.7B in weekly inflows, driven by strong ETF performance.
• JPMorgan and Robinhood made bold moves in tokenization and real-world assets.
• Iran’s Nobitex exchange restored services a week after suffering a $100M hack.
• Aptos Labs CEO Avery Ching joined the CFTC Digital Asset Markets Subcommittee.
• SlowMist found a coin theft trap in the ‘Solana-pumpfun-bot’ code on GitHub.
• TON developer The Open Platform raised $28.5M Series A at a $1B valuation.
• Chrome faced a zero-day flaw, while 45 malicious Firefox extensions targeted users.

Trump Enacts $3.3 Trillion Fiscal Bill, Boosting Bitcoin Amidst Inflation Concerns and Regulatory Changes 

President Trump has enacted a $3.3 trillion fiscal package, the "Big Beautiful Bill," which may drive Bitcoin's demand amidst rising inflation concerns and U.S. debt exceeding $3 trillion. Analysts view this as a potential catalyst for institutional investment in Bitcoin, highlighting its finite supply of 21 million as an inflation hedge. Bitcoin recently traded at $105,859, down 1.3%. Concurrently, the GENIUS Act proposes a federal framework for stablecoins, which faces opposition for lacking sufficient protections. Key legislation is set for "Crypto Week" (July 14-18), amidst ongoing regulatory debates impacting the crypto market's future.

Hilbert Stock Soars as It Bets Big on Bitcoin Treasury and Institutional Tokenization

Hilbert Group AB (NASDAQ: HILB B) unveiled a bold Bitcoin treasury strategy, triggering a 13.22% stock jump and pushing its YTD gain to 168.63%. The move positions Hilbert as a rare European public firm holding BTC, with an actively managed, AI-powered reserve and institutional-grade transparency. A new Treasury Committee will oversee flexible financing deals and strategic execution. The company also announced a top-tier advisory board for its Syntetika platform, focusing on compliant tokenization of Bitcoin funds.

Syntetika Forms Advisory Board to Enhance Compliance and Tokenize Bitcoin Funds

Syntetika, the institutional-grade tokenization platform developed by Hilbert Group AB, has formed a strategic advisory board to enhance its regulatory compliance and scalability. The board includes notable industry figures such as Max Rabinovitch from Chiliz, John Lilic from Ethereum, Vladimir Maslyakov of Blum, and Chirdeep Chhabra from Citigroup. Syntetika will begin by tokenizing Hilbert Capital's Bitcoin-denominated funds, tapping into over $10 billion in Bitcoin flows within DeFi. By integrating Galactica’s zero-knowledge KYC technology, Syntetika ensures compliance while maintaining user privacy. Additionally, the platform has launched a Whitelist Campaign for early access to its features.

Robinhood Launches 200 Tokenized U.S. Equities in Europe, Stock Surges 8% Amid Controversy

Robinhood has launched over 200 tokenized U.S. equities for European customers on Arbitrum's blockchain, including major companies like Tesla and Apple. This initiative, which costs only $5 in deployment fees, differs from traditional DeFi by restricting token transfers to an approved wallet list. The company is also developing its own Layer-2 blockchain for tokenization and has introduced perpetual crypto futures with up to 3x leverage. Following these announcements, Robinhood's stock surged over 8% to an all-time high of $90.49. Controversially, OpenAI warned against unauthorized tokenized shares representing its private equity, highlighting regulatory complexities.

Circle and Ripple Apply for U.S. Banking Licenses to Strengthen Stablecoin Presence

Circle and Ripple are pursuing U.S. national banking licenses to strengthen their foothold in the regulated stablecoin market amid a more favorable regulatory landscape. Circle, which recently went public with shares surging 167%, is applying for a charter to establish the First National Digital Currency Bank, N.A., allowing it to manage USDC reserves without accepting cash deposits. Ripple is targeting federal oversight for its RLUSD stablecoin and has also applied for a Federal Reserve master account. With USDC's market cap at $61.5 billion, analysts suggest it could lead the regulated stablecoin sector, reflecting a significant regulatory shift in crypto.

Coinbase Acquires Token Startup Liquifi, Its Fourth Takeover of 2025

Coinbase has acquired token-management startup Liquifi for an undisclosed amount, marking its fourth acquisition of 2025. This acquisition aims to enhance Coinbase's issuance stack by automating token vesting, distribution, and compliance, addressing liquidity and regulatory challenges. Liquifi, founded in 2021, has managed over $8.5 billion in token value for over 100 clients, processing $1.7 billion in token payouts last year. Coinbase plans to integrate Liquifi’s services into Coinbase Prime. This follows a $2.9 billion acquisition of Deribit and includes prior acquisitions of Spindl and Iron Fish. Coinbase’s stock closed at $340, down 4% recently.

XRPL EVM Sidechain Launches on Mainnet, Enabling Ethereum-Compatible Smart Contracts

The XRPL EVM Sidechain has been launched on the mainnet by Ripple, Peersyst, and Axelar, enabling Ethereum-compatible smart contracts within the XRP Ledger ecosystem. This new sidechain allows developers to build and port Ethereum-based applications while leveraging the XRPL’s low-cost and high-speed infrastructure. Ripple's CTO, David Schwartz, emphasized that it enhances the ecosystem’s capabilities without altering the XRPL's core reliability. The sidechain connects to the XRPL mainnet through Axelar, which serves as the exclusive bridge for asset transfers, including wrapped XRP, that will function as the native gas token for transactions on the sidechain.

FTX Suspends Payouts in 49 Countries, China Most Affected Amid Legal Barriers

FTX Recovery Trust has suspended payouts in 49 countries due to local laws restricting cryptocurrency trading and distribution, significantly impacting creditors, especially in China, which holds 82% of the restricted claims worth 5% of the total $16 billion. Affected creditors have 45 days to dispute the suspension or risk losing their claims. The trust has previously distributed $6.2 billion since February 2025 but faces hurdles in these jurisdictions. A court hearing on July 22 will decide the path forward, with ongoing frustrations among creditors regarding the complications of the recovery process stemming from FTX's 2022 bankruptcy.

Brazil’s Central Bank Investigates $140M Crypto Laundering Scheme Linked to Major Hack

On June 30, 2025, hackers executed a massive cyber heist, stealing approximately $140 million from six Brazilian banks via C&M Software, which connects these banks to Brazil's central bank. An insider, João Roque, sold access credentials, facilitating the breach. The Central Bank of Brazil temporarily suspended C&M Software, while federal police launched an investigation into the crime and potential laundering, as $30 to $40 million was converted into cryptocurrencies. This incident, highlighting significant fintech cybersecurity issues, underscores the need for enhanced regulatory oversight and risk management in third-party service providers in financial sectors.