Weekly highlights: BTC hits a new record high; Ethereum rebound is favored by institutions; Pump token economic model released

  • BTC Hits Record High: Bitcoin surged to a new all-time high amid multiple favorable factors, maintaining a strong position between $100,000 and $120,000.
  • Ethereum Gains Institutional Interest: ETH broke $3,000 as institutions increased holdings, with Ethereum reserve companies becoming U.S. stock market favorites.
  • Pump Token Model Controversy: Pump.fun released its token economic model, but the community remains skeptical due to high valuation and competition from Letsbonk.
  • Ethereum Ecosystem Updates:
    • New Ethereum Community Fund (ECF) aims to revive developer faith.
    • Fusaka upgrade focuses on scalability and mainstream adoption.
    • Bullish narratives shift from "world computer" to "world ledger."
  • Market Trends:
    • Crypto derivatives report highlights cautious altcoin sentiment.
    • Wall Street embraces staking for yield, signaling changing dynamics.
    • Fed rate cuts and ETF developments could boost market momentum.
  • AI & Meme Trends:
    • Letsbonk overtakes Pump.fun in key metrics as the top MEME launch platform.
    • Multimodal AI advances raise opportunities for decentralized platforms.
    • Virtuals protocol explores trillion-dollar AI agent economy.
  • Web3 Highlights:
    • Major stablecoin scam "Xinkangjia" exposed, involving $1.3 billion.
    • CZ shares Binance’s early success and Bitcoin journey.
    • Stripe’s rumored blockchain ambitions could reshape payments.
    • NFT revival strategies focus on AI, tech, and regulation.
  • Regulatory & Corporate Moves:
    • SEC clarifies tokenized securities rules, slowing tokenized stock markets.
    • Grayscale adds Ondo and Hedera to funds, drops Polkadot.
    • Nvidia surpasses $4 trillion market cap, fueling AI optimism.
  • Key Events:
    • Musk hints at U.S. political support for Bitcoin.
    • Truth Social files for crypto ETF launch.
    • Shanghai and Wuxi explore stablecoin applications in trade.
Summary

PANews Editor's Note: PANews has selected a week's worth of high-quality content to help you fill in the gaps during the weekend. Just click on the title to read.

Attack of Ethereum

After “suffering from EF for a long time”, can the newly established Ethereum Community Fund rekindle faith in ETH?

Regardless of success or failure, the emergence of ECF itself sends a positive signal: the Ethereum ecosystem still has the ability to update itself, and there are still developers who are unwilling to remain silent and willing to step forward.

From world computer to world ledger, will Ethereum become an on-chain central bank?

What kind of narrative evolution has Ethereum experienced from “world computer” to “world ledger”?

Ten core reasons to be bullish on Ethereum

The following 10 reasons will break down layer by layer how ETH leapt from an industry consensus to a cross-cycle explosive engine.

ETH reserve companies have become the new favorites of US stocks. Here is a review of the business and driving forces behind these 4 star companies.

Ethereum reserves have become the new darling of the U.S. stock market.

Interpreting Ethereum Fusaka Upgrade: The Evolution of Scaling Behind 12 EIPs

Fusaka is not only limited to the enhancement of on-chain scalability, but also represents a key step in Ethereum's transition to mainstream commercial applications and ordinary users.

Macro perspective

CoinGlass Crypto Derivatives Semi-annual Report: Market structure is clearly differentiated, and altcoin investment sentiment is cautious

Looking ahead to the second half of 2025, the core variables of the market will still be macroeconomic policies, ETF flows and risk preference switching. If the Fed's interest rate policy is substantially adjusted, or the ETH spot ETF pledge mechanism is implemented, it is expected to become an important catalyst for the repair of risk appetite.

When Wall Street falls in love with pledge, the game starts to change

Wall Street may not understand decentralization, but it certainly understands yield.

With the passage of the “Big and Beautiful Act”, will the United States start a “supply flood” of short-term Treasury bonds?

Can 7 trillion liquidity absorb the peak of bond issuance?

In the crazy coin hoarding trend led by Strategy, you are the real "strategy"​​

Bitcoin is no longer the primary strategy for this company or any of the Bitcoin vault companies that are popping up; you are.

The first half of 2025 has come to an end. Which main themes will create the "new encryption engine" in the second half of the year?

The current BTC price remains in the high range of $100,000 to $120,000. Looking ahead to the second half of the year, with multiple favorable factors such as a possible Fed rate cut, continued growth in corporate encryption adoption, and clarification of regulatory policies, it is expected to usher in a new round of steady development.

Gains and losses, let’s talk about the lessons learned from this round of encryption cycle

Since I have already allocated all the money I need for Bitcoin, I might as well consider looking at opportunities in the U.S. stock market.

AI and Meme

Letsbonk has become the top MEME launch platform, and many key indicators have surpassed Pump.fun for the first time

After just a few months of fierce competition and continuous iteration, Letsbonk.Fun finally achieved a phased victory, reversing the old leader Pump.fun in multiple core data and becoming the new generation of coin issuance traffic center.

Breakthrough in multimodal video generation technology, how can Web3 reap the benefits?

As AI gradually moves from centralized large-scale resource allocation to modular collaboration, there is a new demand for decentralized platforms.

Pump.fun's coin offering at a sky-high valuation was collectively criticized, and the founder's old remarks were dug up and refuted. Is the public offering worth participating in?

The moment Pump.fun officially announced the issuance of its token, the tension on the chain tightened again. Some people criticized its valuation as being inflated after being overtaken by its competitor LetsBONK, while others worried that it would quietly leave the market after squeezing out the last wave of liquidity.

In-depth analysis of the Virtuals protocol: the rise of the trillion-dollar proxy economy

How can an AI agent create its own economy?

Interpretation of the current hot new AI projects from the perspective of technology, scenarios and capital trends

In the past month, this track has shown three major trends: technological pragmatism, scenario segmentation, and capital emphasis on cash flow. Let's take a look at the highlights and challenges of popular projects.

PANews' account [MEME Daily] will select the hot memes of the day for readers to understand the track situation. Click here to view.

Seize the opportunity

AI, cross-chain, and privacy are the highlights. Take a quick look at the top 10 new projects shortlisted for the ETHGlobal Cannes Hackathon.

Last weekend, at the ETHGlobal Cannes Hackathon, developers developed 334 projects in 36 hours, 10 of which were shortlisted.

Order Book + AMM, what is the hybrid exchange developed by Kuru?

The project is committed to building a hybrid DEX with full-chain order book + automatic market making on the high-performance EVM public chain Monad.

Breaking through the cold wave of Web3 games, what is the origin of DPS, which received US$30.5 million in financing?

Bitkraft and Brevan Howard jointly led the investment. How did Distinct Possibility Studios (DPS) and its first game "Reaper Actual" complete a large amount of financing against the trend?

Pumpfun is old and frail, what concepts are the emerging platforms promoting?

The token concept has no main line, and multiple official endorsements have become the core elements.

Web3

13 billion yuan, 2 million victims, the biggest stablecoin "capital flight" case "Xinkangjia"

"Xinkangjia" was disguised as a stable currency and flew under the banner of the Dubai Exchange. It claimed to be connected to Dubai Capital and had signed a strategic cooperation agreement with PetroChina. With the packaging of "guaranteed principal and high interest", it lured countless middle-aged and elderly people and individual business owners in third- and fourth-tier cities to invest funds, which eventually led to them falling into the abyss.

CZ details for the first time: Why he sold his house and went all in on Bitcoin, and why Binance made $1 billion in profit in the first year

CZ is the founder of Binance and one of the most successful entrepreneurs of our time. In this interview, we take a deep dive into his life journey - from buying his first Bitcoin in 2013 to navigating the ups and downs of the crypto market and what he sees for the future.

Will Stripe enter L1? Understanding the blockchain ambitions behind the payment giant

Regardless of whether the rumors are true or not, any blockchain-related actions by Stripe may have a profound impact on the payment industry landscape.

How can NFT find vitality in the cold winter? OpenSea CEO reveals three ways: technology, AI and regulations

As artificial intelligence continues to advance, gaming ecosystems grow more complex, and more of our identities become tied to digital assets, NFTs may be able to truly realize the vision promoted by Finzer and other early advocates, not as speculative assets but as essential infrastructure for a digital future.

Phantom integrates Hyperliquid perpetual contract function. Can it break through the wallet war with tens of millions of monthly active users?

Phantom has launched perpetual contract trading, which is supported by Hyperliquid's API. In recent months, Phantom has been affected by the overall market and faced with revenue retracement and market growth pressure. Can it break through in the fiercely competitive wallet war?

Losses exceeded $40 million, GMX hacking incident analysis

GMX suffered a hacker attack, resulting in losses of more than $40 million. The attacker exploited a reentrancy vulnerability and opened a short position while the leverage function of the contract was enabled.

Zelensky’s “$200 million suit scandal”: When oracles become tools for making money, how does AI solve the “truth dilemma”?

When humans control the definition of truth, truth becomes a tool for profit. When the cost of corruption is lower than the benefits it brings, facts become commodities auctioned off to the highest bidder.

In the Solana coin issuance war, what are the secrets for Metaplex, Raydium and Axiom to win easily?

This article will analyze Metaplex, Raydium, and Axiom from the data to reveal how they became the behind-the-scenes players who won the Solana launch platform war. In the PVP game of MEME, these secret winners do not compete for narratives or bet on the price of coins. They are only responsible for building the stove, lighting the fire, and then quietly collecting chips in the traffic.

The tokenized stock market is "put on the brakes": US SEC members clarify that tokenized securities are still securities

Distributors of tokenized securities must consider their disclosure obligations under the federal securities laws, and market participants should meet with the Commission and its staff early in the process of structuring their tokenized offerings.

The truth that crypto KOLs won’t tell you: Four major illusions and data falsifications of new project launches

TGE techniques such as creating shiny Twitter indicators, well-known VC support, and maximizing FOMO atmosphere during the launch week do not actually drive token prices. Focusing on building products, pricing tokens reasonably to avoid overvaluation, sincere communication, and abandoning vanity indicators are the keys to a successful TGE for a project.

Key Information

Yiwu stablecoin transaction "US$1 billion flow" investigation: only a few merchants collected

Musk confirms that “the American party will embrace Bitcoin”

Truth Social submits S-1 filing to SEC, plans to launch crypto blue chip ETF

Grayscale will add Ondo and Hedera to DeFi Fund and Smart Contract Fund in Q2, and remove Polkadot

Nvidia becomes first company to surpass $4 trillion in market value

Changpeng Zhao criticizes TON Foundation for misleading marketing of UAE "Golden Visa" project

Analysis: As the US SEC considers accelerating the approval framework, the cryptocurrency ETF "gate" is about to open

Ant International denies access to Circle

Shanghai State-owned Assets Supervision and Administration Commission held a central group study meeting on the development trends and response strategies of cryptocurrencies and stablecoins

Wuxi Municipal Party Committee Reform Task Promotion Meeting: Exploring Practical Paths for Stablecoins to Empower Foreign Trade Development

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Author: 一周精选

This article represents the views of PANews columnist and does not represent PANews' position or legal liability.

The article and opinions do not constitute investment advice

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