The cryptocurrency market showed steady growth this week, with Bitcoin (BTC) rising by 2.77% and Ethereum stablecoin users reaching a historic high. Web3 social platform MetaSo surpassed 100 million on-chain interactions, and BitGo’s custodial assets reached $100 billion. Key developments spanned Web3, ZK technology, oracles, ETF structural updates, and cross-chain innovation in real-world assets (RWA).
Market Overview
Bitcoin’s momentum remained strong this week, with a 2.77% gain reinforcing a bullish technical pattern. Altcoins showed mixed performance, with SEI leading the pack with over 50% gains. Key sectors including Bitcoin Fork, Zero Knowledge (ZK), and Oracle protocols also posted positive momentum.
Ethereum stablecoin activity marked a significant milestone, surpassing 750,000 weekly active users. Meanwhile, MetaSo, a Web3 social platform built on Bitcoin’s ecosystem, exceeded 100 million on-chain transactions. BitGo, a major custody provider, announced it now safeguards $100 billion in digital assets.
Market Analysis
Price Performance
- BTC: Bitcoin gained 2.77% this week, breaking past the $107,000 resistance level. With a bullish technical structure and strong institutional inflows, BTC appears poised to retest the $110,000 mark.
- ETH: Ethereum dipped slightly by 1.37%, underperforming against Bitcoin and several altcoins. It continues to trade within a range between $2,100 and $2,500, awaiting a decisive breakout.
- Altcoins: The altcoin market was mixed, with SEI rising over 50% while other assets like AB fell more than 33%. The median performance among the top 100 cryptocurrencies was a slight decline of 0.90%.
ETFs and Derivatives
Bitcoin and Ethereum spot ETFs continued to see net inflows, signaling sustained institutional interest. In derivatives markets, BTC and ETH futures saw liquidations of $76.2 million and $77.05 million, respectively, over the past 24 hours.
Macro Context
The U.S. Markit Manufacturing PMI held steady at 52 in June, matching May’s reading and exceeding expectations. A reading above 50 indicates economic expansion in the manufacturing sector.
Stablecoins and Network Activity
The total stablecoin market cap climbed to $256.5 billion, reflecting renewed capital inflow into crypto markets. Ethereum’s average gas fee rose to 1.211 Gwei as on-chain activity increased.
Trending Sectors
This week’s rebound was led by several prominent crypto sectors, including Bitcoin Forks, Zero Knowledge (ZK), and Oracles. Here’s a closer look at each:
Bitcoin Fork
A Bitcoin fork occurs when the blockchain undergoes a protocol split, resulting in two or more distinct chains. Forks can be “soft” (backward-compatible) or “hard” (requiring all nodes to upgrade). Notable examples include Bitcoin Cash (BCH). This sector rose 5.3% over the past week.
Zero Knowledge (ZK)
ZK-proof technology enables privacy-focused transactions and scalable data verification. Projects in this niche often serve as Layer 2 solutions or privacy-enhancing protocols. The ZK sector gained 5.2% this week.
Oracle
Oracles supply external data to blockchain networks, enabling smart contracts to interact with real-world information. They are critical for DeFi, insurance, and supply chain applications. The oracle sector was up 4.7% over the past seven days.
Key Developments
SEC Indicates Support for In-Kind Bitcoin ETF Redemptions
SEC Commissioner Hester Peirce recently stated that in-kind redemption mechanisms for Bitcoin ETFs are under review and likely to be approved. Several firms, including BlackRock, have submitted applications to shift from cash to in-kind models.
This shift would align Bitcoin ETFs more closely with traditional exchange-traded products, reducing operational friction and strengthening crypto’s legitimacy in mainstream finance.
Bit Digital Shifts from Bitcoin Mining to Ethereum Staking
Crypto miner Bit Digital announced it will transition into an Ethereum-focused staking and treasury management company. The firm will gradually divest its Bitcoin holdings and increase its Ethereum stake.
This strategic pivot reflects growing confidence in Ethereum’s proof-of-stake model and the broader DeFi ecosystem.
Lumia and Avail Partner on Cross-Chain Tokenized Assets
Lumia, a platform specializing real-world asset (RWA) tokenization, is collaborating with Avail to enhance cross-chain interoperability. The partnership will leverage Avail’s modular infrastructure to improve security and scalability for tokenized assets moving across blockchains.
This integration is expected to simplify cross-chain transfers and bolster adoption of RWA tokenization.
Notable Metrics
Ethereum Stablecoin Users Reach All-Time High
Weekly active users of Ethereum-based stablecoins surpassed 750,000 for the first time. USDT and USDC continue to dominate with a combined supply of $1.14 trillion. The growing user base signals that stablecoins are increasingly used for payments and settlements—not just speculation.
MetaSo Surpasses 100 Million On-Chain Interactions
MetaSo, a decentralized social protocol on Bitcoin, has exceeded 100 million on-chain transactions. The platform introduced a “secondary distribution” feature that rewards users with tokens for social interactions, significantly boosting engagement.
BitGo Custodial Assets Reach $100 Billion
BitGo’s custodial assets grew to $100 billion in the first half of 2025, up from $60 billion. Half of these assets are used in staking. The firm plans to expand internationally and is preparing for an IPO in late 2025.
Frequently Asked Questions
What are in-kind redemptions for Bitcoin ETFs?
In-kind redemptions allow authorized participants to exchange ETF shares for actual Bitcoin rather than cash. This reduces transaction costs and better aligns the ETF with the underlying asset.
Why is Ethereum stablecoin user growth significant?
Increasing stablecoin activity on Ethereum suggests growing adoption for everyday transactions, not just trading. This indicates maturity in the crypto ecosystem and broader acceptance of digital dollars.
How does MetaSo’s “secondary distribution” work?
MetaSo nodes can redistribute a portion of their token rewards to users based on engagement. This incentivizes content creation and community interaction without requiring technical expertise from users.
What does BitGo’s growth tell us about the market?
BitGo’s rising assets under management reflect increasing institutional participation in crypto, particularly in staking and custodial solutions. This trend underscores the professionalization of crypto investing.
Why are oracle projects gaining traction?
Oracles play a vital role in supplying external data to smart contracts. As DeFi and RWA applications grow, so does the need for reliable, real-time information sourced from off-chain environments.
How can users benefit from cross-chain RWA solutions?
Cross-chain RWA platforms enable seamless transfer of tokenized assets between blockchains. This reduces friction, enhances liquidity, and allows users to access a broader range of yield-generating opportunities.
For those interested in tracking these developments in real-time, you can explore more strategies and tools designed for crypto participants.
The past week underscored continued institutional interest and technical maturation across major crypto sectors. From regulatory progress to infrastructure milestones, the industry is demonstrating stronger fundamentals and broader utility than ever before.