The trading platform is facing mounting regulatory pressure, landing under the microscope of another watchdog just days after a separate investigation. According to a Thursday press release, the Florida Attorney General’s office has launched an investigation into Robinhood’s cryptocurrency business. …

Robinhood hit with second probe over misleading crypto marketing

A Friday report from Bloomberg suggested closer ties between US President 
Donald Trump&#8217;s family-backed crypto business and one of the largest digital 
asset exchanges.

Binance helped create World Liberty Financial stablecoin — Report

Sei extended its recent gains to its highest level in five months, jumping 22% 
to touch highs of $0.35, with stablecoin integration a key catalyst. The Sei 
(SEI) token gained as top cryptocurrencies mirrored Bitcoin (BTC)’s surge to 
new record…

Sei price jumps 22% to 5-month high, driven by USDC integration

While bitcoin hovers above the $117.7K mark, cruising close to $118K, its 
elusive creator, Satoshi Nakamoto, now ranks as the 11th wealthiest person on 
Earth—edging out Michael Dell, the founder, chairman, and CEO of Dell 
Technologies. Satoshi’s Unmoved Coins Could Crown Him King of Global Wealth 
With an estimated 1.096 million BTC valued at $128.92 […]

World’s 11th Richest: Satoshi Nakamoto Overtakes Michael Dell With $129B Bitcoin Fortune

Tether just axed USDT support on five blockchains in a calculated move to trim 
fat from its multi-chain footprint. The stablecoin giant is shedding legacy 
chains to focus on networks that actually move volume, signaling where 
stablecoin liquidity is heading.…

Tether to sunset USDT on Omni and others in tactical network purge

The crypto market has been on a tear in 2025, and the latest 99Bitcoins Q2 
State of Crypto Market Report, authored by Manisha Mishra and sponsored by 
KCEX, lays it all out. The quarter saw institutional demand surge, Bitcoin 
($BTC) hit a then-ATH of $111,980, and crypto hiring spike 753%. Despite the 
rally, the total market cap was still 12% below its $3.7 trillion peak, 
hinting at room to run. With stablecoin adoption booming and long-term holders 
stacking, Q2 may have been the real start of this cycle’s breakout. Read the 
full report here: State of Crypto Q2 2025 – 99Bitcoins A Record-Breaking 
Quarter for Bitcoin Bitcoin lit up Q2 with a 25.66% gain, smashing past 
resistance to hit a then-record $111,980 on May 22. That put it well ahead of 
gold’s 7.21% rise and most equity indices, marking a sharp reversal from Q1’s 
pullback. According to 99Bitcoins’ Q2 report, the rally was driven by 
institutional inflows, ETF demand, and growing sovereign interest, with 
governments now holding 2.5% of Bitcoin’s total supply. Meanwhile, spot ETF 
flows consistently outpaced miner issuance, tightening supply just as demand 
surged. Chris Wright of 21Shares summed it up: “We believe that Bitcoin ETFs 
will attract 50% more inflows this year compared to last year. This would 
result in net inflows of approximately $55 billion in 2025, representing an 
increase of around $20 billion year-over-year.” A golden cross in late May 
confirmed the uptrend, following a clean breakout from months of 
consolidation. It’s a textbook bullish structure. With price action and 
fundamentals in sync, Q2 marked the clearest shift yet: Bitcoin is back, but 
powered by institutions, not retail. Institutions Took the Wheel, Retail 
Turned to Altcoins According to the 99Bitcoins report, this bull run has a 
different driver behind the wheel. And it’s not Reddit. 9 out of 10 experts 
interviewed in the Q2 report said retail traders have shifted their focus to 
the best altcoins, chasing faster gains while institutions quietly accumulated 
Bitcoin. The on-chain data backs it up. Glassnode shows that 30% of $BTC’s 
supply is now held by centralized entities, with large players dominating 
inflows. Meanwhile, Google Trends reveals that retail interest in “Bitcoin” 
searches stayed surprisingly low throughout Q2, even as $BTC hit new highs. 
Confidence among long-term holders also climbed. UTXO activity dropped, and 
the amount of BTC in long-term storage kept rising. A sign that serious 
capital isn’t looking to sell anytime soon. Stablecoins and DeFi Picked Up 
Steam If Q2 proved anything, it’s that stablecoins aren’t just stable, they’re 
also scaling. The Circle IPO popped 168% on day one, marking the first 
stablecoin issuer to go public and signaling TradFi’s growing appetite for 
crypto exposure without the volatility. According to 99Bitcoins, 81% of 
crypto-aware SMBs now want to use stablecoins for daily ops, and the number of 
Fortune 500s planning to integrate them has tripled since last year. On the 
DeFi side, Ethereum ($ETH) held L1 dominance, Chainlink ($LINK) led dev 
activity, and $HYPE – the native token of Hyperliquid – saw serious traction, 
fueled by the DEX’s rise to 70%+ of all perp DEX volume. While others chased 
memes, HYPE rallied on actual utility. In short: DeFi’s still cooking, and 
stablecoins are fueling the fire. Memecoin Mayhem After tanking in Q1, the 
memecoin market bounced back slightly in Q2, though volatility stayed extreme 
and price action remained erratic. Q2 saw the meme coins hit new heights, with 
over 5.9 million new tokens launched and most of them churned out via 
pump.fun. It was chaotic, noisy, and pure degen energy. While most faded 
instantly, tokens like $FARTCOIN and $SPX kept riding the wave. That said, the 
surge in token activity came with a dark side: phishing and wallet-targeted 
hacks climbed, especially among memecoin holders. Regulatory Wins and Macro 
Shifts Driving Confidence If Q2 had a theme, it was relief on both the policy 
and economic fronts. The U.S. pulled back on crypto enforcement, scrapped IRS 
reporting rules for DeFi, and signaled a more constructive stance overall. 
Meanwhile, the Fed held rates steady for the fourth straight time, hinting at 
a possible cut in July. With unemployment flat and growth slowing, capital 
started flowing into safe-haven assets, and this time, Bitcoin was firmly on 
that list. The result? Confidence surged. Bitcoin ETF inflows accelerated, 
volatility dropped, and $BTC’s macro narrative strengthened. It’s no longer 
just a risk asset; it’s becoming part of the defensive playbook. Elsewhere, 
$XRP finally closed its long-running legal battle with the SEC, potentially 
clearing the runway for a new ATH later this year. What’s Next for Q3? Back in 
Q2, 99Bitcoins forecasted that if BTC could flip $111K–$112K resistance, the 
path to $120K would open, with $135K as a stretch target. Fast forward to now, 
and that prediction is aging well: Bitcoin is already trading at above $118K, 
edging toward that psychological milestone. The report also noted $BTC was 
holding firm above $103K support, forming a bullish structure backed by rising 
miner wallet balances, shrinking exchange reserves, and growing illiquid 
supply – all signs of confidence from long-term holders. Still, Q3 isn’t 
without risk. ETF inflows could slow, and macro headwinds, from global 
conflict to sudden rate hikes, remain on the radar. But if institutional flows 
stay hot and the Fed delivers a rate cut, $135K no longer feels like a 
moonshot. It’s just part of the next leg up. Final Thoughts: A Bull Market 
With Depth The 99Bitcoins Q2 report by Manisha Mishra paints a clear picture: 
this bull market isn’t built on retail hype. Institutions, regulatory 
tailwinds, and real product traction are powering it. From ETF inflows to 
stablecoin adoption and supply-side tightening, the signals all point toward a 
more mature, resilient crypto cycle. And with Bitcoin already pushing towards 
$120K, many of the Q2 projections are already playing out. If momentum holds, 
and macro conditions don’t throw a curveball, Q4 could be the real breakout. 
Read the full report here: State of Crypto Q2 2025 – 99Bitcoins This article 
is for informational purposes only and does not constitute financial advice. 
Please always do your own research (DYOR) before investing in crypto.