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Weekly Recap: Bitcoin Hits ATH as Dozens of Treasuries Bloom
Meanwhile, Congress geared up for an historic “Crypto Week” next week.
Updated Jul 11, 2025, 5:26 p.m. Published Jul 11, 2025, 5:06 p.m.
This week, bitcoin hit a new all-time-high (above $118K) on the back of strong ETF flows and at least $280 million in new bitcoin treasury investments.
Treasury projects are also cropping up for Ethereum and Solana. Notably, Joseph Lubin’s SharpLink ETH treasury bought 10,000 ETH for that project, and Bitmine announced plans to raise $2 billion for more ETH buying. Off that strong signal, large-cap “alts” like ETH and SOL saw near year-to-date highs, carrying other hot projects like SUI higher as well.
It was a week when the crypto markets seemed to be enjoying themselves as new legislation nears and investment flows from new institutional sources.
The U.S. House said it would take up the Senate version of the GENIUS stablecoin bill, making final passage easier. And industry leaders met on Capitol Hill to lobby for a comprehensive “Market Structure” bill.
It wasn’t all plain sailing for innovators in the space. Robinhood faced skepticism over its tokenized stock plans, and then the Florida AG launched a lawsuit claiming the fintech engaged in deceptive crypto pricing.
The Trump family’s own crypto dealings continued to make news. Trump Media announced a multi-asset ETF application. And, Tron founder Justin Sun bought $100 million of $TRUMP and promised to help the memecoin go big in Asia and Africa.
Next week (dubbed "Crypto Week") promises to be historic for crypto news. The House considers stablecoin and market structure legislation and the Senate has a hearing planned on digital asset taxation. First a trickle, then a flood.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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U.S. Hours Account for Nearly All of Bitcoin’s November Losses
BTC drifts or stabilizes during Asia trading hours, softens slightly during the European handover and then absorbs most of its losses once U.S. equity markets open.
What to know:
- Bitcoin's November selloff is primarily occurring during U.S. trading hours, aligning it more with tech stocks than with other cryptocurrencies.
- U.S. trading sessions have seen nearly a 30% decline in Bitcoin, while Asian and European sessions have remained relatively stable or slightly negative.
- The market volatility is driven by concerns over U.S. monetary policy, with both Bitcoin and tech stocks affected by expectations of Federal Reserve actions.
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