BTC over $120K, ETH rallies, market nears $4T
📜 U.S. crypto legislation flips bullish
Institutions are buying ETH and BTC in bulk
💣 Pump.fun’s $1B raise triggers memecoin panic
💼 Stablecoins face new regulatory and corporate challengers

The crypto market is heating up—like 2021, but with regulators finally on our side.

BTC is flexing above $120K, ETH near $3,640, and the market is flirting with a $4 trillion cap. 🔥 But what’s really fueling this? It’s Washington's pivot toward pro-crypto policy:

• The GENIUS Act clears up federal roles for SEC and CFTC

• A ban on U.S. CBDCs

• 🧾 Trump’s campaign reportedly earned $58M in crypto last year, raising some eyebrows

Either way, institutional money is flooding in and the entire space is buzzing with bullish vibes.

SharpLink just went full degen—selling $6B in stock to pile into Ethereum. Their ETH treasury just crossed 280,000 ETH staked.

After shaky revenue in affiliate sports betting, they’re now betting big on:
Blockchain gaming
Staking yields
💥 CryptoCasino.com (yes, really—they own 10%)

With 99.7% of their ETH locked, SharpLink is now treating ETH as a core revenue asset, not just a speculative bet.

ETH is now trading like digital gold. With ETFs flowing in $726M a day (shoutout to BlackRock’s ETHA for $499M of that), ETH has officially entered boomer portfolios.

🔒 SharpLink now holds more ETH than even the Ethereum Foundation.
🛠 GameSquare just raised $90M to build ETH-powered yield machines with Dialectic.

It’s not just hype—this is long-term capital moving in. And they’re not here to flip JPEGs—they’re here for yield and protocol dominance.

Memecoin factory Pump.fun is reportedly raising $1B at a $4B FDV, and traders are sweating.

Here’s why:
🧠 This raise could suck liquidity from smaller Solana memecoins
💸 Rumors of a $400M $PUMP airdrop are circulating
The last time this happened (👀 Trump memecoin), we saw a serious market reshuffle

Early users of PumpSwap are expecting a drop, but critics are questioning the FDV—and whether this is hype-first, decentralization-later.

Michael Saylor is still going beast mode. Strategy just dropped $110M for 1,054 more BTC, pushing their total stash to 582,000 BTC at an average price of $70,086.

No MSTR stock dilution either—they used STRK and STRF placements to fund the move.

Other corporates are taking notes:
124 public companies now hold BTC
OTC desks are running dry
BTC is becoming scarcer than ever

Saylor’s bet? That this scarcity turns into long-term dominance. And the market seems to agree.

Tether (USDT) is at an all-time high—$156B supply across Tron, Ethereum, Solana, Aptos, and TON. But Circle’s USDC is quietly catching up, now at $61B and rising fast.

🏛 USDC’s IPO was a smash hit—$68B valuation and counting
Circle is filling the vacuum Tether left in Europe post-MiCA
💶 EURC supply 3x’d in a year

And regulators? They’re watching. With the GENIUS and STABLE Acts gaining traction in the U.S., tradfi banks are eyeing stablecoins for real.

This isn’t just a Tether vs. Circle fight anymore—it’s a preview of stablecoins becoming the future of money.

Alright, that’s a wrap for this week edition of The Web3 Watch! 🚀
See you all next week!