It was a week’s fortunes that were made and wealth lost, in Coindesk.
On the one hand we had circle long a leading crypto company that hides for stock exchange listing and Do Bank. Its shares were priced at $ 110 at the time of the press (up from $ 31 Wednesday), which led to many expecting a summer and fall of crypto theme. On the other hand, we saw Hyperliquid Trader James Wynn go from having a $ 100 million BTC position one day to a massive loss the next. (Children, watch out for the big, poor gearing monster).
However, most of the market portents looked good. Crypto-money high season was in full swing.
Groups doubled down on the Bitcoin Treasury strategy, not least Metaplanet, Japan’s answer to Michael Saylor’s strategy. Pump.Fun, Solanas Memecoin -Juggernaut, said it was with $ 1 billion for a $ 4 billion valuation. One of its children, Fartcoin, rose on rumors of a coin base list.
Crypto technology continued to be integrated into mainstream products. The prediction markets from the polymarket come to X and Xai. Uber, Apple, Airbnb and others said they were hoping to combine stablecoins in their payment offer. Revolut said it would soon offer derivatives. And so on. Still dominated Trump and Musk covering as normal (probably to an unhealthy degree). On Thursday, Trump’s media company Truth Social said it would launch its own Bitcoin Etf. (By Friday it should also issue more shares.)
The Trump-Musk feud, who also broke this week, highlighted the US’s uncertain debt situation (an important driver of Bitcoin’s existence). But so far, Bitcoin and Dogecoin are down to the news. Really everything is possible in the coming weeks.
