The judge reportedly said she would not be inclined to have attorneys bring up the US Treasury’s 2022 sanctions against Tornado Cash after they were withdrawn in March.

Judge signals Tornado Cash sanctions may be barred from Roman Storm trial

Linqto’s Chapter 11 bankruptcy filing exposes deep structural flaws and 
regulatory pressure that could upend investor ownership rights and rattle 
confidence in private equity access platforms. Linqto’s Chapter 11 Filing 
Sparks Questions Over Private Equity Ownership Rights Mounting legal pressures 
and structural flaws have pushed Linqto into a high-stakes reorganization that 
could reshape investor exposure […]

Linqto Files Bankruptcy Amid Legal Probes and Corporate Structure Issues

While Bitcoin struggles to break above its all-time high and altcoins face 
difficulty finding solid support, one corner of the crypto market continues to 
expand: stablecoins. Since the beginning of the bull run, the stablecoin 
market has shown consistent growth, cementing its reputation as one of 
crypto’s most reliable and scalable use cases. Unlike volatile assets, 
stablecoins offer stability, liquidity, and utility across DeFi, trading, and 
settlement. Related Reading: Ethereum Range Tightens – Liquidity Looms At 
$2,800 And $2,350 Top analyst Darkfost recently shared fresh data and 
highlighted a key development many have overlooked — the total supply of 
ERC-20 stablecoins is rising again. As of today, it has reached a new all-time 
high of $121 billion. This milestone signals renewed demand and liquidity 
entering the crypto ecosystem, at a time when other sectors appear stagnant. 
The rise in stablecoin supply underscores the sector’s resilience and 
importance. While speculative tokens face resistance, stablecoins thrive on 
utility and adoption. Whether for hedging, yield strategies, or capital 
movement, their role in crypto remains foundational. As the broader market 
waits for its next move, the silent growth in stablecoin supply could be an 
early signal of renewed momentum across the board. The stablecoin narrative is 
far from over — in fact, it may just be starting. Stablecoin Growth 
Accelerates: On-Chain Data Points To Renewed Liquidity Stablecoins have 
emerged as one of the most impactful innovations in crypto, creating a vital 
bridge between traditional finance (TradFi) and decentralized finance (DeFi). 
This narrative gained massive traction in June when Circle (NASDAQ: CRCL), the 
company behind USDC, went public on the New York Stock Exchange. Initially 
priced at $31 per share, Circle’s IPO exceeded all expectations — closing the 
day at $82.84, marking a 167% gain. Today, CRCL trades nearly six times above 
its IPO price, giving the company a $42 billion market cap and reinforcing 
confidence in the stablecoin business model. On-chain insights shared by 
Darkfost add another layer to the story. According to the data, the total 
supply of ERC-20 stablecoins has started rising again and just hit a new all- 
time high of $121 billion. ERC-20 stablecoins are cryptocurrencies built on 
the Ethereum blockchain that follow the ERC-20 token standard. They are 
designed to maintain a stable value, usually pegged to fiat currencies like 
the US dollar (e.g., USDC, USDT, DAI). This surge in supply is critical 
because stablecoins are minted on demand — their issuance directly reflects 
user demand and fresh liquidity entering the system. This expanding supply 
meets the needs of protocols and exchanges that face rising user activity and 
capital inflows. While market sentiment remains cautious, if the stablecoin 
supply continues to grow, it would signal renewed risk appetite and capital 
deployment. In that case, stablecoins may once again serve as the early 
catalyst for the next major phase in the crypto bull cycle. Related Reading: 
Altcoins Set A Higher Low – Bulls Target 2024 High To Trigger Altseason 
Dominance Hovers Below 8%: A Neutral Yet Strategic Positioning The weekly 
chart shows stablecoin dominance currently sitting at 7.90%, a level that 
reflects cautious but sustained interest in liquidity reserves across the 
crypto market. After a sharp climb between 2020 and mid-2022—when stablecoin 
dominance peaked above 16% during risk-off periods—dominance has gradually 
declined, aligning with risk-on rotations into Bitcoin and altcoins during 
bull runs. However, since early 2024, dominance has consolidated between 7% 
and 10%, signaling a more balanced environment. The current level remains just 
above the 50-week and 100-week moving averages (7.76% and 8.02%, 
respectively), suggesting strong horizontal support. Meanwhile, the 200-week 
moving average at 9.30% acts as a long-term ceiling. Related Reading: Ethereum 
Risks Downside If Resistance Holds: $2,700 Level Is Critical This neutral 
position implies that market participants are neither fully risk-on nor risk- 
off. If dominance rises from here, it could either reflect increased fear 
(capital flowing out of volatile assets) or fresh liquidity entering the 
market, especially if paired with a rise in stablecoin supply, which we’re 
already witnessing with ERC-20 tokens. Featured image from Dall-E, chart from 
TradingView

ERC-20 Stablecoin Supply Hits All-Time High At $121B – Liquidity On The Rise

Bitcoin is on a rocket path to $1 million, with Finder’s expert panel citing 
institutional adoption, global instability, and digital scarcity as key 
drivers of unstoppable growth. Finder Survey Sees Bitcoin Reaching $459K by 
2030, Climbing Past $1M by 2035 Relentless institutional inflows, geopolitical 
disruption, and emerging monetary policies are setting the stage for a […]

Bitcoin Projected to Hit $459K by 2030, Surpassing $1M by 2035: Finder Panel

Institutional adoption of crypto ETFs signals a shift towards mainstream 
acceptance, potentially increasing crypto&#8217;s role in diversified portfolios.
The post Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed 
accounts appeared first on Crypto Briefing.

Trillion-dollar bank clears Bitwise crypto ETF for advisor-managed accounts

The altcoin market is flashing a familiar signal that preceded its most 
explosive rallies in the past. After months of uncertainty and price 
consolidation, a new analysis suggests that altcoins have just reclaimed a 
critical trendline—the same one that marked the beginning of the 2017 and 2021 
bull runs. With market patterns aligning and fractals emerging, analysts are 
now questioning whether the conditions are once again ripe for a massive 
altcoin breakout. Altcoins Eye Vertical Move As Bear Trap Ends The altcoin 
market may be on the brink of a historic breakout, according to a recent chart 
analysis by crypto expert Merlijn The Trader. The analyst draws parallels 
between the current cycle and those of 2017 and 2021. The analyst’s chart, 
published on X social media, shows that the total altcoin market 
capitalization has reclaimed a long-term ascending trendline that had preceded 
previous vertical expansions during major bull runs. Related Reading: Altcoin 
Season Not Remotely Close, Bitcoin Dominance Still Too High: Market Expert 
Says In earlier cycles, altcoins briefly broke this trendline in what was 
identified as a “bear trap” before swiftly reversing and launching into 
explosive growth phases. Merlijin The Trader reveals that this pattern appears 
to be repeating in this cycle, as the current market structure mirrors 
previous setups that triggered rapid valuation increases across the altcoin 
sector. The ascending trendline recovery is framed within a red box in the 
chart, consistent with the zones that marked the end of prior downtrends. In 
each instance, the reclaim was followed by aggressive upward movement, 
highlighted by green boxes that represented parabolic gains in the total 
market cap. Merlijn The Trader suggests that the recent rebound indicates the 
completion of another bear trap, signaling renewed bullish momentum. Green 
arrows placed below the price curve, matching the timing of previous breakouts 
within the analyst’s chart, imply that the altcoin market could be preparing 
for another phase of expansion. If the historical fractal holds, the analyst 
forecasts a sharp vertical rally for altcoins, with valuations possibly 
reaching the $10-$16 trillion range. Altcoin Market Mirror 2016-2018 Breakout 
Setup In another fresh analysis, Merlijn The Trader noted that the altcoin 
market cap is showing signs of repeating a historical pattern that previously 
led to a major bull rally. A comparison between the 2016-2018 market cycle and 
the current one reveals an almost identical structure playing out, albeit on a 
much larger scale. Related Reading: Bitcoin Dominance Holds Altcoin Season At 
Bay, Analyst Says No Upside Until This Happens The market appears to have 
formed a Double Bottom, followed by a mid-cycle correction and consolidation 
within a descending broadening wedge pattern. This same fractal unfolded 
before the explosive altcoin rally in 2017. The analyst’s chart also 
illustrates that in the previous cycle, altcoins broke out of this same wedge 
pattern, resulting in a massive surge in market capitalization, which he 
referred to as “Pump 2.0”. With the same breakout now confirmed for this 
cycle’s market structure, Merlijn The Trader predicts that the altcoin sector 
may be entering its next parabolic expansion phase. This development could 
mark the end of the altcoin market&#8217;s current bear phase and the beginning of a 
second macro pump similar to what occurred between 2017 and early 2018. 
Featured image from Unsplash, chart from Tradingview.com