Good Morning,

Here's a quick preview of today’s content: Robinhood CEO Vlad Tenev has big plans for crypto, the largest web3 marketplace makes a big acquisition, Bitcoin seems to be range bound, Pumpfun token drama heats up, and so much more

Happy Wednesday, Let’s dive in.

Market Snapshot

  • Bitcoin held strong above $108,000 despite resistance and profit-taking, signaling institutional confidence and steady support from corporate treasuries.

    • Ethereum surged +3% to $2,610 as institutional investors poured in $515M, tripling volume and breaking through key resistance levels.

  • Gold dropped -1.2% below $3,300 as trade optimism reduced safe-haven demand ahead of FOMC minutes.

  • Markets traded mixed; Japan’s Nikkei dipped slightly and the S&P 500 ended flat after Trump confirmed no tariff exemptions and announced new import duties

Market Predictions

  • Bettors on Kalshi are predicting if another company in the S&P500 will buy Bitcoin this year before 2026 – trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Headline Roundup
The major headlines driving crypto markets

  • Trump Media files for blue-chip ETF with Bitcoin, Ethereum, Solana, and XRP exposure (DE)

  • Robinhood CEO says thousands of private companies could be tokenized soon in newest interview – see full video here

  • Metaplanet plans to acquire 210,000 BTC by 2027 in massive Bitcoin gold rush strategy (BM)

  • ReserveOne to go public in $1B SPAC deal backed by former Coinbase and Tether execs (CD)

  • Let’sBonk tokens nosedive after leaked Pump.fun token sale details (TD)

  • Nasdaq-listed BioSig arranges $1.1B financing to tokenize the commodities market after StreamEx merger (TB)

  • Coinbase Credit extends $20M Bitcoin-backed credit line to KULR (BM)

  • Dubai regulator greenlights first tokenized money market fund (TD)

  • Sequans closes $384M investment to support Bitcoin treasury strategy (BM)

  • Solana skins go viral in new “Off the Grid” Fortnite-style game crossover (BW)

  • Vertex sunsets VRTX token and migrates perp DEX to Kraken-backed INK Layer 2 (TB)

  • Bow Valley Credit Union enables Bitcoin purchases for Albertans through new integration (BM)

  • DigitalX reveals strategic Bitcoin treasury deployment as part of new asset strategy (TB)

  • Pump.fun token sale optics worsen as community questions launch integrity (TB)

  • OpenSeason crypto game shuts down as devs pivot toward gambling and adult content (DE)

  • Eigen Labs lays off 25% of staff as focus shifts to EigenCloud deployment (BW)

  • $40M of HYPE to be unstaked ahead of Kinetiq launch on July 15 (TD)

  • Metaplanet pursues digital bank acquisition strategy alongside Bitcoin treasury expansion (CT)

  • BTC rallied 72–84% in the past when holders followed this one behavior, data shows (CT)

Venture Capital

  • Ego Death Capital closes $100M fund to back Bitcoin-native companies (BM)

  • Paradigm leads $11.5M investment into hybrid DEX Kuru Labs blending CLOBs and AMMs (TB)

M&A Announcements

  • Web3 maretplace OpenSea acquires Rally as it shifts focus to token-based trading experiences (CD)

  • ReserveOne plans to go public via a $1B SPAC deal with M3-Brigade and hold a diversified, yield-generating crypto treasury anchored by Bitcoin (TB)

Launches

  • Goblintown heads to the trenches with new Solana meme coin launch (DE)

  • Projective Finance launches school solar lending pool in Illinois (CT)

Regulation

  • Pakistan establishes independent regulator to oversee crypto markets (TD)

Cybersecurity

  • Hackers target a Bitcoin wallet holding billions linked to Mt. Gox funds (DE)

  • Two men charged in $650M global fraud scheme involving forex and crypto (TB)

  • UK jails duo for running a $2M fake crypto consultancy scam (DE)

  • Japan’s Remixpoint CEO arrested for alleged market manipulation and fraud (TB)

Extra Reads

Chart of the Day

Long-term Bitcoin holders have reached an all-time high, with supply held for 155+ days signaling strong conviction and reduced sell pressure (X)

Meme Dump

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