This week Bitcoin rewrote the record books, US lawmakers scheduled a full-blown “crypto week”, Solana’s usage stats dwarfed every other chain, and Tether and Circle printed new highs for USDT and USDC supply. 🧵
Bitcoin’s latest sprint carried the asset above $122,000, swelling its market value to roughly $2.4 trillion and vaulting it past Amazon and Google to claim the spot as the world’s fifth-largest asset.
The run put BTC’s 2025 performance at 29 percent versus gold’s 27 percent, cementing its status as the year’s top macro performer alongside the yellow metal.
Fresh enthusiasm from more than $2 billion of net inflows into spot ETFs last week suggests institutions are leaning ever harder into the digital-gold narrative as global safe-haven demand heats up.
On Capitol Hill, the House Financial Services Committee has dubbed July 14 the start of "Crypto Week," lining up floor votes on the CLARITY Act for market structure, the GENIUS Act for stablecoins, and an Anti-CBDC bill.
Industry lobbyists have flooded Washington with letters of support while prediction markets assign better-than-even odds that at least one measure clears Congress.
Network activity keeps tilting toward Solana. Artemis tracked enough monthly active addresses in June to match the combined total of every other L1 and L2 chain, and Blockworks data shows a record $271 million in Q2 network revenue.
It’s Solana’s third straight quarter on top, underscoring its grip on both users and fee generation.
Liquidity indicators are equally impressive. Since 1 July Tether’s USDT supply has grown $1.4 billion to nearly $160 billion, while Circle’s USDC has added $1.3 billion to $62.8 billion, both setting fresh highs.
Viewed from April’s market lull, USDT is up $15.2 billion (about 10.5%) and USDC up $2.7 billion (4.6%), highlighting how expanding stablecoin balances continue to funnel new capital into crypto markets.
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