- Market Overview: BTC rose 2.39% this week, briefly breaking above 112,000 USDT to reach a new all-time high, though selling pressure emerged at the top, suggesting potential continued consolidation. ETH surged 8.35%, forming a V-shaped rebound and breaking above 2,780 USDT with strong momentum. Altcoins saw moderate gains overall, with BONK rising by 27.98%. ETFs continued to see net inflows, supporting market sentiment. BTC and ETH futures liquidations reached $233.5M and $151.36M respectively. On the macro front, U.S. 1-year inflation expectations for June dropped to a five-month low of 3.02%. Stablecoin market cap rose to $259.7B, while Ethereum gas fees increased slightly, averaging 1.219 Gwei.
- This Week’s Highlights: Pump.fun announced its token sale for PUMP will begin on July 12. The token has a total valuation of $4B, with 15% allocated for public sale, targeting a $600M raise. Token transfers will be enabled 48–72 hours after the sale. Monad Foundation acquired stablecoin infrastructure provider Portal Labs to enhance its payment capabilities and multi-chain integration. UK-based crypto platform Ziglu filed for bankruptcy and entered special administration, freezing client assets and highlighting the importance of custody and regulatory risk management.
- Key Data Points: Ripple’s USD-pegged stablecoin RLUSD has surpassed $500M in circulation, with daily trading volume around $26M, ranking it among the top 20 USD stablecoins globally. Solana perpetual futures trading volume has exceeded $4B since launching on CME in March, reflecting growing institutional interest. Real World Assets (RWA) TVL reached a record high of $6.1B, with BlackRock commanding nearly 46% of the market share, leading the on-chain RWA ecosystem.
- Market Opportunity: This week, Gate users can participate in the token sale of Pump.fun (PUMP). The subscription period runs from July 12 at 14:00 to July 15 at 14:00 (UTC), with a price of 0.004 USDT per PUMP. A total of 150 billion PUMP tokens will be sold. Gate only provides technical support; users are responsible for evaluating the project valuation and associated risks.
- Next Week’s Watchlist: Several major token unlocks are scheduled over the next 7 days. CONX will unlock approximately $135M worth of tokens, accounting for 201.96% of its circulating supply. CHEEL will unlock $108M (2.08% of total supply), and APT will release $52.14M (1.75% of circulating supply). These events may impact market liquidity and token prices.
Discover more details today → Gate Research: BTC Reaches New ATH of 112,000 USDT | Gate Launches Pump.fun Token Sale
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 10th, 2025
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