Weekly Crypto Market Wrap June 30-July 6, 2025
The market had a relatively calm week: total market cap +2.15%. Bitcoin even had a shot at setting a new all-time high, but that didn’t happen. On Friday, Trump spooked investors with talk of new tariffs, and Elon Musk made a political comeback. That sets the stage for an intriguing week ahead. But first, let’s recap the key headlines from last week:
Bloomberg: 95% odds for crypto ETFs — and not just BTC and ETH! Bloomberg analysts now estimate a 95% chance that ETFs for Litecoin, XRP, and Solana will be approved in the second half of 2025. Considering the recent wave of ETF greenlights, this seems plausible — and if it happens, these altcoins could rally hard.
Source: https://x.com/JSeyff/status/1939795594148540610
Corporates keep stacking BTC. Strategy added 4,980 BTC worth $531.9M. Metaplanet picked up another 1,005 BTC for $108.1M. While the market frets over macro risks, institutions aren’t watching price — they’re just buying.
80,000 dormant BTC moved after 14 years. A major whale transferred $8.69B worth of BTC untouched since 2011. Is it a long-term HODLer who found their seed phrase — or just reallocation? No one knows. But moves like this always make the market uneasy.
U.S. Congress kicks off “Crypto Week”. The House officially launched “Crypto Week” to discuss legislation around regulation, investor protection, and blockchain integration. For the first time in a while, crypto is back on the U.S. political agenda.
SEC wants unified standards for all crypto ETFs. The SEC is moving to streamline procedures with a single listing framework for all crypto ETFs. This would make launching new funds easier — and could add fuel to market volatility.
Source: https://x.com/EleanorTerrett/status/1940066780367442267
U.S. unemployment falls to 4.1%, beating forecasts. June’s Unemployment Rate came in at 4.1%, better than the expected 4.3%. Traditional markets cheered the data — but crypto barely reacted.
EU accepts Trump’s tariffs — with strings attached. The EU appears willing to accept 10% U.S. tariffs but is asking for special exemptions. Trade tensions are heating up again — and global liquidity, including in crypto, could be affected.
China rolls out digital IDs starting July 15. Chinese internet users will now need a digital ID to access the web. Unsurprisingly, interest in decentralization and Web3 is growing in response.
Elon Musk launches a political party. While others mint meme coins with his face, Elon’s making real moves — launching a new political party. If he succeeds like he did with Tesla and SpaceX, blockchain classes in schools might be next.
Source: https://x.com/elonmusk/status/1941584569523732930
U.S. plans tariffs from 10% to 70% starting August 1. The U.S. says it will notify all countries of new tariffs soon. Global businesses are rattled, markets are on edge — and we’re grabbing popcorn. The drama’s just beginning.
Arizona governor vetoes crypto reserve fund from confiscated coins. A proposal to create a state reserve using seized crypto was shot down. Not everyone in the U.S. is ready to treat BTC as a sovereign-grade asset.
Supreme Court denies Coinbase appeal — IRS gets access to user data. Coinbase tried to shield customer privacy, but the Supreme Court sided with the IRS. Now, tax authorities will know exactly who’s holding what.
Elon’s xAI raises $10B amid market chaos. While others fear tariffs, Musk’s AI venture secured a massive $10B investment. Some are panicking — others are building the future.
Connecticut bans state employees from investing in crypto. Bill HB7082 is now law. State employees in Connecticut are officially prohibited from holding crypto. Strange move — maybe they know something we don’t?
Source: https://x.com/Bitcoin_Laws/status/1939840917323882641
Circle and Ripple apply for U.S. banking licenses. Circle wants to become a trust bank. Ripple is also seeking a U.S. banking license. Crypto firms continue their evolution into traditional finance players.
Upcoming major token unlocks:
CHEEL: $108.85M
APT: $50.33M (1.8%)
IMX: $10.29M (1.3%)
IO: $9.08M (7.9%)
MOVE: $7.64M (1.9%)
AGI: $5.29M (6.0%)
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.
