Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
Remixpoint to Raise $215 Million for Bitcoin Expansion
Remixpoint, a publicly traded Japanese company, has announced its intention to raise ¥31.5 billion, approximately $215 million, to expand its Bitcoin holdings. This significant capital raise underscores the growing trend of corporate crypto adoption in Japan, reflecting a stronger belief in Bitcoin’s long-term value.
SharpLink Gaming pops 28% as Ethereum holdings surpass $533M
Shares in SharpLink Gaming closed Tuesday trading up over 28% after the sports betting company said it made a series of Ether buys to bring its holdings to 205,634 Ether, worth over $533 million.
SharpLink said on Tuesday that in a buying spree from June 28 to July 4, it acquired 7,689 Ether $2,790 for over $19 million at an average price of $2,501, adding to its growing treasury.
Shares in SharpLink (SBET) jumped on the announcement and gained nearly 28.6% on Tuesday to close trading at $16.29 and continued to rise 4.36% after-hours to $17.
Narratives to Watch
Ripple CEO Introduces XRP Crypto Tech To Replace SWIFT
It’s a big day for the XRP holder community, as Ripple’s boss Brad Garlinghouse is getting ready to deliver a historical speech at the United States Senate. Preceding the speech on July 9, 2025, Brad Garlinghouse took to X to reveal the transcript, so that everybody could get a glimpse on the meaning behind it.
Solana price ticks up on steady institutional interest as SOL staking ETF inflow hits $40 million
Solana’s (SOL) price showcases bullish potential, rising over 2% to trade at around $154 on Wednesday. The smart contract token’s recovery follows a strong downtrend from highs of $187 in May to the support tested at $125 on June 22.
The 22% price increase off the range low can be attributed to growing institutional interest, characterised by the adoption of tokenized real-world assets (RWAs) and exchange-traded funds (ETFs).
Spanish Banking Giant BBVA Expands Crypto Offerings with Bitcoin and Ethereum Services
Spain’s second-largest financial institution, BBVA, has introduced Bitcoin and Ethereum trading and custody capabilities for retail customers, marking a significant expansion of regulated digital asset services across Europe.
BBVA has fully integrated these cryptocurrency services within its proprietary mobile platform, operating independently without relying on external service providers or third-party custodial solutions.
Protocol Watch
Phantom Wallet Taps Hyperliquid to Bring Futures Trading to the Masses
Phantom Wallet has partnered with decentralized futures exchange Hyperliquid to roll out perpetual futures trading directly within its app. The move marks a significant step in making advanced crypto tools more accessible to everyday users.
Brings Futures Trading to Phantom’s Users
The integration allows Phantom’s 15 million monthly active users to trade over 100 crypto markets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and popular meme coins like Dogecoin (DOGE) and PEPE
Tether’s Bold Play: Aiming to Become the World’s Largest Bitcoin Miner This Year
Tether CEO Paolo Ardoino revealed that the company is on track to become “probably the biggest miner in the world” by the end of 2025.
Ardoino acknowledged that, in most cases, direct BTC investment yields higher profits than mining, but emphasized Tether’s strategic choice to participate in mining to protect its treasury and support Bitcoin’s network security.
PumpFun May Be Building Its Own Blockchain, Leaked Docs Reveal
PumpFun, the memecoin launchpad that has exploded in popularity in 2025, could be quietly preparing to launch its own EVM-compatible blockchain—alongside a host of new features—according to leaked API documentation uncovered through public domain research.
The documents, accessible via PumpFun’s domain api.pump.fun, reveal a sprawling backend infrastructure that includes endpoints for subscriptions, token launches, videos, order management, and Stripe integration.
Regulatory Radar
House Hearing to Discuss 0% Crypto Capital Gains Tax
The US House of Representatives has scheduled a significant hearing on July 9, 2025, to address the complexities of crypto tax policy. This move comes amidst heightened speculation and excitement about the potential introduction of a 0% capital gains tax on cryptocurrency transactions. The hearing, titled “Making America the Crypto Capital of the World: Ensuring Digital Asset Policy Built for the 21st Century,” is set to be held in the Longworth House Office Building.
South Korean bank stocks surge on stablecoin trademark filings
Shares of major South Korean banks surged following trademark filings for stablecoins, signaling growing institutional interest in digital assets.
According to Google Finance data, at least three South Korean banks that recently applied for Korean won stablecoin trademarks saw their stock prices increase by 10% to almost 20%. The market reaction suggests investor optimism around the banks’ potential entry into the cryptocurrency sector.
Tornado Cash Legal Battle Ends as U.S. Treasury Drops Sanctions Appeal
A long-running legal clash between Coin Center and the U.S. Treasury Department over the controversial sanctioning of Tornado Cash has officially come to an end.
A federal appeals court granted a joint motion to dismiss the case, closing the chapter on a dispute that had raised major concerns about the limits of government authority in regulating blockchain technology.
Moonrig Perspective
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