Welcome to our 229th issue of State of the Market, where we provide an overview of crypto market activity from July 10-16, 2025.
This week in crypto markets:
- BTC hit a new all-time high of $123K, while ETH rose to a 6-month high amid record inflows into spot Ethereum ETFs.
- SharpLink Gaming became the largest corporate Ether holder with 280,706 ETH.
- Standard Chartered launched digital asset trading for institutional clients.
- Talos to acquire Coin Metrics, combining institutional trading infrastructure with blockchain data capabilities.
- Coinbase rebranded its Layer-2 to “Basechain” and launched the “Base App” with faster transactions and integrated features.
- Aave became the first DeFi lending protocol to cross $50B in net deposits.
Brought to you by coinmetrics.io
