Good Morning,

Here's a quick preview of today’s content: XRP is getting 3 crypto ETFs this week as 2025 could be the year of altcoin ETFs, North Korean hackers are pretending to be American, the first state bitcoin reserve could be approved, Satoshi statues are popping up globally, and so much more.

Another week to be insanely bullish on crypto. Let’s dive in.

Market Snapshot

  • U.S.-based spot bitcoin ETFs took in over $3B worth of new capital last week as cryptocurrency prices recovered across the board

    • The weekly inflow level was the highest recorded in 5 months, and the second-highest of all time

  • Spot Ethereum ETFs saw their first net positive weekly inflows since February

Headline Roundup
The major headlines driving crypto markets

  • BlackRock Bitcoin ETF could become the largest ETF in the world in just 10 years according to Michael Saylor

  • Bitwise pushes for NEAR ETF as new SEC warms to crypto (TB)

  • Securitize and Mantle partner for unique index fund launch (BL)

  • Institutional DeFi group is betting $1B on Solana (CD)

  • Rumors swirl around Sui and Pokémon partnership (BiC)

  • Arbitrum exits accelerator after Nvidia rejects crypto ties (TB)

  • Stripe explores stablecoin tooling for dozens of countries with multi-trillion opportunity (CD)

  • GameStop nears $1.5B bitcoin investment amid big rumors (DF)

  • Roger Stone paid $600K to lobby against crypto exit tax (DT)

  • Biotech firm stock tanks over dogecoin mining debacle (DT)

  • GameFi tokens show signs of recovery after White House event (CD)

  • Another Satoshi statue unveiled in Tokyo (CT)

  • Solana community gathers in Istanbul for crypto conference (BW)

  • Crypto’s biggest party moves to Miami in 2026 (CD)

Venture Capital

  • RockawayX $125M fund aims to boost Solana ecosystem (BL)

  • Paradigm leads $50M decentralized AI venture Nous Research (TB)

  • Magicblock raises $7.5M to build real-time on-chain gaming (DF)

  • Inco Network closes $5M strategic round led by a16z CSX to build confidentiality blockchain layer (GN)

  • CryptoSwift named one of six startups to receive backing from Tenity (FE)

Launches

  • ProShares to launch 3 XRP futures ETFs this week after granted SEC approval (TB)

  • RCO Finance token presale surges after major institutional investors show interest (TW)

  • Initia launches mainnet with INIT token airdrop (DF)

Regulation

  • Nasdaq pressures lawmakers for clearer crypto rules (TW)

  • SEC’s new chief hints at faster crypto regulation (CD)

  • Arizona set for final vote to become first bitcoin-holding state (DF)

  • Bank of Ghana moves to regulate crypto by September (GW)

  • Swiss Central Bank pushes back on bitcoin reserve calls (CD)

  • SEC Crypto Task Force held it’s third roundtable – check out the livestream and notes

Cybersecurity

  • Bitget is pursuing legal action against 8 accounts that profited $20M from market manipulation (TB)

  • New Solana DeFi project suffers $5.8M attack weeks after launch (TB)

  • Term finance recovers $1M so far from misconfigured oracle (TB)

  • North Korean hackers pose as U.S. firms to take crypto (DT)

  • Celsius victims demand harsh sentence for Mashinsky (DT)

Extra Reads

Chart of the Day

The relation of bitcoin price and bitcoin balances on exchanges 👀

Meme Dump

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