TL;DR

Markets:

• BTC is down & ETH is down

• BTC over-performed ETH this week 

• Bitcoin dominance is down

• DOGE is down & SHIB is down

• The hot coin we look at this week is $S

Airdrops:

• $DGRAM

• $GPT

• $AGNT

• $KAITO

News:

• Strategy Buys $2B in Bitcoin, Expands Holdings

• Three US Bitcoin Reserve Bills Fail Despite Trump’s Push

• Adam Back Criticizes EVM After Bybit Hack

• SEC Drops Case Against Consensys, Ends Ethereum Probe

• Deutsche Telekom Joins Injective as Validator

• Berachain Governance Phase One Goes Live

• SEC Ends Robinhood Crypto Probe

• House Dems Launch MEME Act to Ban Political Tokens

Memecoins:

• DOGE is down

• SHIB is down

• Solana Meme Coins Plummet as Insiders Cash Out

• Raydium (RAY) Plunges as Pump.fun Tests AMM

• Ex-CFTC Lawyer Pushes for Memecoin Regulation

• Can Kanye’s Crypto Avoid the Memecoin Collapse?

• Pump.fun X Account Hacked, Users Warned

• Bybit Hackers Linked to Solana Memecoin Scams

And much more!

BTC, ETH, DOGE & SHIB Market Update 📈

Crypto is down this week, with BTC down by 11.1% and ETH down by 15.3%:

Bitcoin dominance has decreased over the week, starting from 58.1% to a high of 59.05% and ending at 57.6%. Investor sentiment, regulatory changes, technological advancements, and the overall growth of the cryptocurrency sector shape Bitcoin's market dominance. Its reputation as "digital gold" also enhances its position, making it a key player in the market.

It’s going to be interesting to see whether this trend will continue in the short term, as capital in crypto tends to flow initially to BTC and then further out on the risk-curve, starting with altcoins like ETH and then into mid- or low-cap coins.

Subscribe to Premium to read the rest.