It was a week of fortunes made and fortunes lost in Coindesk.
On the one hand, we had the circle, a long Crypto-Crypt company, rushing to the IPO and Make a bank. His shares were at a price of $ 110 at the press time (against $ 31 on Wednesday), which led a lot to expect a summer and the fall of IPOs on the theme of crypto.
On the other hand, we saw a hyperliquid merchant James Wynn go from a position of $ 100 million in BTC one day to a massive loss the next. (Kids, beware of the big and bad lever monster).
However, most of the market contenders looked good. The crypto silver collection season was in full swing.
The groups have doubled on the Bitcoin Treasury strategy, notably Metaplanet, Japan’s response to Michael Saylor’s strategy. Pump.fun, Solana’s mastodon memecoin, said that he was alignuming $ 1 billion with an evaluation of $ 4 billion. One of his children, Fartcoin, has increased rumors on a Coinbase list.
Cryptographic technology has continued to integrate into consumer products. Polymarket prediction markets arrive at X and XAI. Uber, Apple, Airbnb and others said they hoped to combine stablecoins in their payment offers. Revolut said he would soon offer derivatives. And so on.
However, Trump and Musk dominated normal coverage (probably to an unhealthy degree). Trump’s media company, Truth Social on Thursday, said that it would launch its own Bitcoin ETF. (Friday, he also had to issue more actions.)
The Trump-Musk quarrel, which also broke this week, stressed the precarious situation of the debt of the United States (a key engine of the existence of Bitcoin). But so far, Bitcoin and Dogecoin, the prices are declining news. Really, everything is possible in the coming weeks.
