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SOTM June 12-18, 2025

Welcome to our 225th issue of State of the Market, where we provide an overview of crypto market activity from June 12-18, 2025.

This week in crypto markets:

  • Crypto markets dipped as rising geopolitical tensions in the Middle East weighed on sentiment.
  • The U.S. Senate passed the GENIUS Act, advancing stablecoin regulation.
  • JPMorgan to pilot its deposit token JPMD on the Base Layer-2 blockchain.
  • Coinbase unveiled “Coinbase Payments,” a USDC-based checkout solution for merchants, with Shopify as its first partner.
  • Bybit launched Byreal, a Solana-based DEX as an on-chain extension of its centralized exchange.
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