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Greetings, Crypto Fella’s👋, |
GM. This is FOMOchain, the crypto newsletter that breaks down markets faster than the U.S. racks up debt. |
Here’re the quick highlights from the week: |
🌟 Meme Momentum: LetsBonk Tops the Charts 🚀 Bitcoin Treasury Race: Metaplanet, Saylor & ProCap 🌍 Bitcoin Eyes New ATH Amid Tariff Delay 🚀 VC Radar: AI x Crypto, Infra Still Hot 🧳 Tokenization Expands in Latin America 🔑 Trump-Linked WLFI Token Votes for Tradability 🇺🇸 Bitcoin Gets Boost From "One Big Beautiful Bill" 🇵🇰 IMF Blocks Pakistan Crypto Mining Plan 🔧 SEC Chair Backs Tokenization 📈 $135K Bitcoin Soon? Standard Chartered Thinks So 🚫 Arizona Governor Vetoes Seized Crypto Fund Bill 🇩🇪 Deutsche Bank to Offer Crypto Custody by 2026 📊 ETF Approval Odds Surge for SOL, XRP, LTC |
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🌟 Meme Momentum: LetsBonk Tops the Charts |
Solana-based memecoin launchpad LetsBonk has officially overtaken its rival Pump.fun in daily revenue. According to DeFiLlama, LetsBonk generated $1.04M in 24-hour revenue, almost double Pump.fun’s $533K. |
This revenue spike has fueled a massive rally in BONK price, which surged 70% in just five days, hitting a $1.76B market cap and overtaking TrumpCoin ($1.70B). The memecoin wars are heating up on Solana as retail frenzy merges with protocol revenues. |
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🚀 Bitcoin Treasury Race: Metaplanet, Saylor & ProCap |
Japan’s Bitcoin pioneer Metaplanet just acquired another 2,204 BTC, worth $237M, pushing its total holdings to 15,555 BTC at an average price of ~$99,985. |
This makes Metaplanet’s stash larger than Bitcoin miner CleanSpark (12,502 BTC), though still far behind MicroStrategy, which added 4,980 BTC in late June, raising its total to 597,325 BTC. |
Crypto venture firm ProCap, founded by Anthony Pompliano, made headlines too—buying 3,724 BTC worth $386M. Meanwhile, Semler Scientific aims to boost its holdings from 3,808 to 105,000 BTC. The corporate BTC arms race is on. |
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🌍 Bitcoin Eyes New ATH Amid Tariff Delay |
A new Bitcoin all-time high may be on the horizon. Analysts were talking about the July 9 deadline for U.S. reciprocal tariffs could be pivotal and if the tariffs are postponed again, risk appetite may soar. |
Now, it’s extended from July 9 to August 1. |
10x Research’s Markus Thielen sees post-July 4 seasonality and bullish market behavior as key drivers. UBS adds that the delay could signal "reluctance to implement" tariffs, boosting investor sentiment. |
| Geiger Capital @Geiger_Capital | |
| *BESSENT: IF NO DEAL REACHED BY AUGUST 1, TRADING PARTNERS WILL REVERT TO APRIL 2 TARIFF LEVELS July 9th deadline is now August 1st | |
| | 2:00 PM • Jul 6, 2025 | | |
| 5.19K Likes 519 Retweets | 366 Replies |
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🚀 VC Radar: AI x Crypto, Infra Still Hot |
June was full of funding action despite a broader slowdown. The month saw: |
Rails goes live after $20M funding (Kraken-backed) Beam raises $7M (Castle Ventures) Frachtis launches $20M crypto-native fund Inference Labs gets $6.3M for AI trust layer Gradient Network nets $10M for Solana AI infra Story x OKX launch $10M IP-based ecosystem fund Yupp secures $33M (led by a16z Crypto) Blueprint Finance adds $9.5M to expand DeFi suite Units Network raises $10M (Nimbus Capital) |
The intersection of AI, DeFi, and infrastructure continues to be venture capital's favorite playground. |
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🧳 Tokenization Expands in Latin America |
Brazil’s largest exchange, Mercado Bitcoin, has begun tokenizing $200M in real-world assets (RWAs) on the XRP Ledger (XRPL). This strategic move reinforces XRPL’s utility for large-scale tokenization in emerging markets. |
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🔑 Trump-Linked WLFI Token Votes for Tradability |
The WLFI token, co-founded by Trump family affiliates, has moved to become tradable across decentralized markets. This governance shift enables wider participation as the protocol transitions to open token economics. |
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🇺🇸 Bitcoin Gets Boost From "One Big Beautiful Bill" |
Passed on July 3, this bill may not directly cater to crypto, but clauses impacting airdrops, staking, and de minimis exemptions signal smoother tax handling. Market watchers link the bill to optimism in Bitcoin due to the $5T debt ceiling hike. |
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🇵🇰 IMF Blocks Pakistan Crypto Mining Plan |
Pakistan’s plan to subsidize crypto mining using surplus electricity has been shot down by the IMF, reflecting the global institution’s cautious stance on crypto-linked power usage. |
| Bitcoin Archive @BTC_Archive | |
| JUST IN: 🇵🇰 IMF rejects Pakistan’s plan to allocate 2,000 megawatts of electricity for Bitcoin mining and Ai data centres. Pakistan is still committed to pursuing Bitcoin mining plans. | | 8:14 AM • Jul 3, 2025 | | |
| 2.33K Likes 204 Retweets | 144 Replies |
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🔧 SEC Chair Backs Tokenization |
New SEC Chair Paul Atkins made it clear: “Tokenization is an innovation.” In a CNBC interview, he vowed to replace regulatory uncertainty with clarity and growth support. This marks a regulatory pivot from previous enforcement-heavy tactics. |
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📈 $135K Bitcoin Soon? Standard Chartered Thinks So |
According to Standard Chartered, Bitcoin is on track to hit $135K by Q3 2025 and may even cross $200K by year-end. ETF flows and treasury buys are among the top driving factors. Long-term? They still hold the $500K BTC by 2028 vision. |
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🚫 Arizona Governor Vetoes Seized Crypto Fund Bill |
Gov. Katie Hobbs has vetoed HB2324, a bill to create a "Bitcoin and Digital Assets Reserve Fund" for seized crypto. The governor believes it would disincentivize local cooperation in asset forfeiture. |
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🇩🇪 Deutsche Bank to Offer Crypto Custody by 2026 |
Germany's Deutsche Bank plans to roll out crypto custody services in 2026, collaborating with Bitpanda and Taurus. This marks its most serious crypto push since 2020. |
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📊 ETF Approval Odds Surge for SOL, XRP, LTC |
Bloomberg ETF analysts have upped the chances of Solana, XRP, and Litecoin ETF approvals to 95%. The second half of 2025 is expected to bring a wave of new ETF launches. |
| Here are mine and @EricBalchunas' most recent odds on spot crypto ETF approvals by the end of 2025. We expect a wave of new ETFs in this second half of 2025. | |
| | 9:18 PM • Jun 30, 2025 | | |
| 567 Likes 145 Retweets | 55 Replies |
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Thanks for reading FOMOchain’s crypto dive. |
Stay tuned, fella’s. We’ll be tracking Q2 week by week - and as always, decoding the signal from the noise. |
Until next time, From FOMOchain Team. |
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