Bitcoin

Bitcoin Grows to 5th Global Asset ahead of Crypto Week

Optimistic regulatory expectations have become the focal point for cryptocurrency investors this week, following an event baptized by the US government as “crypto week”, during which legislators sought to adopt three key regulatory invoices for the web3 industry.

Fueled by optimistic perspectives, Bitcoin (BTC) overturned market capitalization of 2.3 billions of Amazon dollars and has skyrocketed to become the fifth active world by total value.

The regulators adopted the three key invoices in the midst of republican concerns concerning the digital currencies of the Central Bank (CBDC).

During a session of the Chamber of Thursday, the legislators voted 294-134 to adopt the law on the clarity of the digital asset market (Clarity), a bill aimed at establishing a market structure for cryptocurrencies, 308-122 in favor of the law on national law on national innovation in the state of stablescoins (Genius) and 219-210 for the anti-CBDC law.

Industry observers consider that engineering acts as the key to legitimizing stablescoins for global adoption among banks and financial institutions.

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Thursday vote on the Clarity Act. Source: American Room of Representatives

Bitcoin returns the market capitalization of $ 2.3 t from Amazon to become the 5th active world

Bitcoin has become the fifth largest asset in the world, exceeding Amazon by market capitalization.

The Bitcoin Prix (BTC) has reached a new summit of all time of $ 122,600 on Monday and has skyrocketed almost 13% in last week, as Cowtelegraph reported.

These gains allowed Bitcoin to exceed a market capitalization of 2.4 billions of dollars, exceeding 2.3 billions of Amazon dollars, 2.2 billions of Amazon dollars and 2.19 billions of dollars on the alphabet (Google).

This meant that Bitcoin’s market capitalization was only 730 million shy dollars of the Apple technology giant at the time of the editorial staff.

The world’s largest assets by market capitalization. Source: Companiesmarketcap

Development indicates the growing presence of Bitcoin in the global financial system, according to Manuel Cardozo, market analyst of the tokenization platform for real assets. He said to Cintelegraph:

“With institutional giants like BlackRock and the microstrategy treasure increasing continuously, the legitimacy of Bitcoin as a class of investable assets is no longer in question, with the regulatory impetus that also changes.”

Cardozo said that continuous institutional accumulation and “the macro support environment can help exceed Apple’s assessment, which involves a bitcoin price of more than $ 142,000.

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Graycale submits an introductory file on confidential scholarship to sec

The asset manager and the Stock Exchange Fund (ETF) focused on cryptocurrency and the Grayscale Exchange (ETF) Emitter has joined an increasing list of Crypto companies seeking to launch IPOs in the United States.

Monday, Grayscale declared that he had applied for a listed company from the company with the Securities and Exchange Commission (SEC) under a new clause which allows confidential deposits before a last public public call.

The seizure of public procurement would allow Grayscale to seek more financing possibilities thanks to strategies such as public scholarship offers, which was exploited by Michael Saylor’s strategy, or convertible notes offers, such as the offer of 2.25 billion dollars of Gamesop from June 13.

The Graycale’s file occurs a month after the circle, the transmitter of the second largest stablecoin USDC (USDC) in the world, increased its IPO to more than $ 1.05 billion and made its debut on the New York Stock Exchange on June 5.

CRCL / USD 1 day price, after the IPO of the circle. Source: Yahoo Finance

The IPO price gave Circle an assessment of $ 6.9 billion on the basis of the more than 220 million stocks in circulation listed in its file of June 2.

The success of the IPO can inspire more cryptocurrency companies to switch to public contracts with similar offers, triggering a renewed season in IPO Crypto in 2025.

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Trump’s global crypto tokens should become negotiable

Help holders by US President Donald Trump, World Liberty Financial (WLFI), supported by Donald Trump, voted to make them negotiable, opening the door to Trump’s token to increase in value.

The proposal submitted by the WLFI team on July 9 closed on Wednesday, with an “crushing” of 99.94% in favor of unlocking. It will make the governance token for the negotiable platform via peers and secondary markets.

“After the vote to make the token negotiable, the WLFI governance framework will allow more token holders to participate directly in the protocol decisions,” said the WLFI team in the proposal.

“This includes voting on emissions, incentives for ecosystems and future treasure actions. This proposal is the first step to give the community a greater influence. ”

According to the WLFI team, all governance tokens will not be unlocked, and a full launch plan will soon arrive, according to the WLFI post on X on Wednesday.

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The DEX / CEX ratio strikes a new top like cryptographic traders flee centralization

Cryptocurrency merchants have moved away from centralized exchanges (CEX) in favor of decentralized exchanges (DEX), pushing the CEX / DEX ratio to a new summit of all time.

The cash trading volume on DEX jumped at least 25% in the second quarter of 2025 in the previous quarter, while CEX volumes plunged almost 28%, according to the latest quarterly report in the crypto data aggregator Coingecko industry.

This change led the Dex / CEX ratio to a record level in Q2, from 0.13 in the previous quarter to 0.23, noted the report.

Despite the increase in the ratio, the Spot Dex market is still much smaller than CEX, the 10 most decentralized decentralized trading platforms displaying $ 877 billion in volume in the second quarter, compared to 3.9 billions of dollars for CEX.

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BTCFI TVL jumps $ 22x to $ 7 billion, but confidence remains a problem

Decentralized finance based on Bitcoin (DEFI), often called BTCFI, is experiencing significant growth but still faces challenges.

According to Defilma data, the total value of the total value (TVL) of Bitcoin (BTC) increased from $ 304.66 million on January 1, 2024 to $ 6.5 billion by December 31, 2024. In public, Defillama Data shows that BTCFI has a TVL of $ 7.05.

This results in an increase of more than 22 times. A report shared by Bitcoin Smart-Contract Cut Arch Network suggests that “this overvoltage has been fueled by new protocol launches, emerging token standards, institutional entries, a major price rally pushing the BTC to a top of all time and the rise of liquid.”

The results of the survey published in the report show that despite certain solutions already on the market, 36% of respondents do not engage with BTCFI due to a lack of confidence. A quarter avoids interactions with BTCFI due to the risk and fear of losses. Most (60%) consider intelligent contract exploits as the highest security risk.

BTCFI TVL Chart. Source: Defillama

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Presentation of the DEFI market

According to Cointelegraph Markets Pro and TradingView Data, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.

The Curve Dao (CRV) token was the largest winner of the Top 100, increasing by more than 63% in last week, followed by the stellar token (XLM), up more than 63%.

Total value locked in DEFI. Source: Defillama

Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.