
SOTM July 17-23, 2025
Crypto Markets Cross $4T | GENIUS Act Signed into Law | Anchorage Digital Partners with Ethena Labs | Tether CEO

Crypto Markets Cross $4T | GENIUS Act Signed into Law | Anchorage Digital Partners with Ethena Labs | Tether CEO

BTC Hits New ATH | SharpLink Becomes Largest Corporate ETH Holder | Talos to Acquire Coin Metrics | Coinbase Rebrands

BTC Hits New ATH | OKX Partners with Circle | Circle Seeks US Banking License | Bullish Partners with Solana

A data-driven overview of developments shaping crypto markets in Q2-2025 by the Coin Metrics team

BTC Nears ATHs | BitMine Raises $250M to Build ETH Treasury | Robinhood Launches Tokenized Stocks | Backed Finance Partners

Crypto Markets Rebound Following Geopolitical Tensions | Metaplanet Purchases 1,234 BTC | Codex Launches Mainnet with Native USDC Support |OKX

Crypto Markets Dip | U.S. Senate Passes GENIUS Act | Coinbase Unveils Coinbase Payments | JPMorgan to Pilot JPMD on

BTC Nears All-Time Highs | Circle Soars After IPO | Gemini and Bullish File for IPO | Stripe Acquires Privy

Circle Begins Trading on NYSE | Robinhood Acquires Bitstamp | SEC Clarifies Certain Staking Activities are not Securities | Ethereum

In this issue of Coin Metrics’ State of the Network, we explore the growing ecosystem of tokenized Bitcoin, focusing on Wrapped
Coin Metrics has been acquired by Talos.