Momentum kept building last week and crypto made headlines everywhere.
Here’s the rundown of the biggest moves that went down:
1. Terraform’s Do Kwon Pleads Guilty:
► Terraform Labs founder Do Kwon admitted guilt to conspiracy and wire fraud charges tied to the $60B UST collapse.
► He faces up to 25 years in prison, though the DOJ is recommending a lighter 12-year sentence under a plea deal.
► Kwon must forfeit nearly $19M in assets, plus a set of properties, and open charges remain in South Korea.
► His sentencing is set for December, marking a dramatic fall from one of crypto’s loudest figures.
2. Hackers Cash Out Amid ETH Rally:
► Ethereum’s rally to nearly $4,800 gave hackers a massive windfall as stolen ETH soared in value.
► The Radiant Capital exploiter added $48M in profits, Infini attacker gained $25M more, while another cashed out nearly $10M.
► On-chain tracking shows coordinated sell-offs through stablecoins and Tornado Cash to disguise movements.
► Losses from exploits have now surpassed $3B in 2025 alone, highlighting ongoing DeFi security risks.
3. Payments Projected to Exceed $1T by 2030:
► A report from Keyrock and Bitso projects stablecoins will process over $1 trillion in annual payments by the end of the decade.
► Drivers include institutional adoption, cross-border payments, and foreign exchange settlement using on-chain rails.
► Stablecoin supply could grow to 10% of the U.S. M2 money supply, making them a key pillar in global finance.
► If achieved, stablecoins could disrupt traditional payment networks with near-instant and low-cost settlements.
4. XRP Breaks Key Resistance After Ripple-SEC Win:
► XRP surged past the $3.27 resistance level on extreme volume, marking one of its strongest breakouts in years.
► Ripple and the SEC have formally ended their long legal battle, eliminating a major cloud of regulatory uncertainty.
► Analysts are now comparing the setup to XRP’s 2017 run, with targets of $6–$8 if momentum continues.
► Institutional flows and overnight accumulation suggest deeper support forming, fueling bullish sentiment.
5. SEC Chair Says Agency Is ‘Mobilizing’:
► SEC Chair Paul Atkins confirmed that the agency is moving quickly to update custody and digital asset guidance.
► Under Trump’s Project Crypto, divisions are being aligned to modernize decades-old rules for today’s markets.
► The focus is on ensuring digital assets are securely held and that firms have clear frameworks to operate under.
► Combined with the recently signed GENIUS Act, this push signals a more crypto-friendly regulatory environment ahead.
The heat stayed on in the market last week and it’s still burning.
From major price levels unfolding now to the biggest market shifts from last week, here’s the recap:
1. Bitcoin bulls take aim at the golden ratio again:
▸ BTC is trading around $122,056, testing the 1.618 Fibonacci extension from the 2018 and 2022 bear market lows, a key level tied to the “golden ratio.”
▸ A sustained hold here could open the path toward $140K, the most popular call strike on Deribit with over $3B in open interest.
▸ US inflation data due Tuesday may spark volatility, but markets still expect a Fed rate cut in September.
2. Trump opened 401(k)s to crypto:
▸ A new executive order directed the Department of Labor to revise guidance, putting crypto on equal footing with other alternative assets in retirement plans.
▸ This could channel billions from ETFs and wealth managers into the market.
▸ Trump also signed an order to curb “unfair debanking” practices, which the fact sheet said had targeted the digital asset industry.
3. Ripple lawsuit officially over:
▸ The SEC and Ripple officially dropped their appeals, ending a lawsuit that began in 2020.
▸ Ripple will pay $125M in fines for violations tied to institutional sales of XRP, with a permanent injunction in place.
▸ XRP rose 5% after the news, trading around $3.27.
4. ETH broke $4K for the first time since December:
▸ ETH rallied 3.5% in 24 hours, pushing the ETH/BTC ratio to near yearly highs as BTC price stayed flat.
▸ Year to date, ETH is up 25%, and year over year, it has surged 112%.
▸ Altcoin momentum was fueled by rate cut expectations and the Ripple case closure.
5. Pumpfun launched liquidity arm amid revenue drop:
▸ The Solana memecoin launchpad announced the Glass Full Foundation to inject liquidity into select ecosystem tokens.
▸ Daily revenue plunged from $7M in January to $200K this month, as rival LetsBonk .fun overtook in market share.
▸ Top Pump tokens included fartcoin with a $1B market cap and peanut the squirrel with a $253M market cap.
Upcoming Gems on TGLP
Three fresh projects are lined up and ready to make their debut in the Tenset ecosystem.
TGLP members will be first in line to access them before TGE.
Countdown to the first reveal starts now.
It's happening🔊
@estatexeu just dropped their Layer 1 blockchain on testnet.
Purpose-built to drive real world assets on-chain across real estate, luxury, music, sports, and more.
We are talking Speed, compliance, and ZK privacy all baked in.
A new era is unfolding, see for yourself🔽.
ICYMI: Alvara's new community roles just dropped. 🧺
Mint baskets, earn roles, and start your climb from basement to boardroom.
Doors are open. Don’t get stuck in the lobby. ↓
Everyone else grabbed their VISITOOR access card already.
Are you watching from the outside? Or planning on joining the party?
Go get yours, don’t get stuck in the lobby → https://t.co/T8oSE5ziIg
IMPORTANT NOTICE – 03 JULY 2025 SUSPENSION OF SATOSHI ISLAND DIGITAL ASSET UTILITY
Effective immediately, all trading (buying or selling) of Satoshi Island digital assets, including NFT Deeds, must cease.
Please be advised that the license agreement between Satoshi Island DAO LLC and the stakeholders of the private island in Vanuatu has been suspended due to failure to comply with key terms of the land lease.
Specifically:
There has been no material development on the island over the past three years.
The project has failed to demonstrate ongoing funding sufficient to maintain the property in a safe and habitable condition.
No economic contributions, employment opportunities, or community engagement initiatives have been made in support of the custom landowners or the local Santo community.
As a result of these breaches, the utility previously associated with the Satoshi Island NFT Deeds is no longer valid or recognised.
We are currently exploring a voluntary buyback initiative and welcome expressions of interest from community members willing to assist with structuring a fair and transparent process.
Further updates will follow.
🔥 $DOME becomes part of Hum(AI)n Assets Web3 & to celebrate, we’ve launched the DOME SlotX Lucky Draw on @XTexchange 🔥
🎰 7,500 USDT in $DOME prize pool
🎯 Every spin wins
📅 From NOW Until July 15 - 8am UTC
Join in. ⬇️
WE RECEIVED A GRANT FROM GOOGLE CLOUD
Hello EstateX family,
We have some BIG news leading up to launch. After receiving 2 grants from Microsoft for tech development, we’ve now secured another top tier company grant.
We have received a grant from one of the most valuable companies on earth, Google Cloud!
This grant can be used for tech development, Google features, integrations and more.
Only companies who raised several millions and with a serious backers are able to obtain this grant. With the co-founder of USDT, Brock Pierce, as our lead investor, Google Cloud awarded us the grant.
We are developing a revolutionary AI Agent, and with this grant we can make use of computing power from Google Cloud to enhance development of this AI Agent that does sourcing, buying, selling, portfolio management and more.
We’re growing, progressing and there’s so much more to be announced after launch.
BE READY TOMORROW FOR LAUNCH AT 2PM UTC!
the @estatexeu ido sale is officially over.
the demand was real. both rounds sold out fast — and now all eyes are on what’s next.
$esx is listing in just 2 days.
the countdown begins.
Delighted to announce that Everdome has been acquired by Hoko Agency.
Our core team led by @EVR_JL now joining forces with @BallySinghAioka & @ScottMelker to build something entirely new.
More info incoming.
We built Alvara on transparency, community, and of course, baskets.
Today, we took another step forward, 1,000,000 $ALVA tokens officially burned.
The basket economy grows stronger.
Here's to the next million 🧺