The crypto markets closed the week on a positive note, with Ethereum and Solana leading the charge. Meanwhile, traditional markets like the NASDAQ dipped slightly, showing a modest divergence in momentum.

📉 Market Summary

Bitcoin (BTC) rose by 1.0%, while Ethereum (ETH) gained 4.7% and Solana (SOL) added 3.0%. In contrast, the NASDAQ declined by 0.6%, closing the week at $19,406.

Year-to-date performance continues to favor Bitcoin (+14.1%), while Ethereum and Solana remain in negative territory at -21.3% and -17.0%, respectively. NASDAQ has posted a marginal YTD gain of 0.5%.

The total crypto market cap increased slightly to $3.31 trillion (+0.6% WoW), while BTC dominance remains strong at 63.8% and ETH dominance at 9.4%. The Crypto Fear & Greed Index dropped to 50, signaling Neutral sentiment.

💹 Weekly Price Performance of Top Coins

The overall altcoin market showed mixed results this week.

Top Gainers

$HYPE +27.2%
$SKY +27.1%
$UNI +22.0%

Top Losers

$WLD -8.2%
$GTG -10.1%
$KAS -11.0%

🔍 On-Chain Data Insights

Top Protocols by Total Revenue:

• Tron (TRX)
• PancakeSwap (CAKE)
• Lido Finance (LDO)

This metric reflects user activity and willingness to pay for protocol use.

Top Protocols by Total Value Locked (TVL):

• Aave (AAVE)
• Lido (LDO)
• EigenLayer (EIGEN)

High TVL suggests strong user trust in smart contract safety and project relevance.

Latest Chain Revenues:

• Bitcoin: $0.3M
• Ethereum: $0.5M
• Solana: $0.5M

Chain revenues remain subdued. Ethereum’s earnings have yet to recover to Q1 2024 levels. Solana’s previous spikes — driven by memecoin activity — have cooled, leading to a broader stagnation across major chains.

🌍 Macro Highlights

U.S. inflation data came in mixed:

• Headline CPI: 2.4% YoY (vs. 2.3% prior)
• Core CPI: 2.8% YoY (unchanged)
• Headline PPI: 2.6% (vs. 2.5% prior)
• Core PPI: 2.7% (vs. 2.9% prior)

Consumer sentiment jumped to over 60, beating expectations of 54, indicating reduced concern over trade tariff impacts.

Fed Outlook:

• 81% chance rates remain at 4.25%–4.50% in July
• 57% chance of a 25bps rate cut in September

Upcoming Data to Watch:

• U.S. Retail Sales: -0.6% expected (vs. +0.1% prior)
• Initial Jobless Claims: Rising above 240k
• FOMC Meeting: Expected to hold rates steady amid soft inflation and a resilient labor market

📰 Crypto Industry News

• Ethereum Spot ETFs: After 19 days of inflows, U.S.-based spot ETH ETFs recorded $2.2M in outflows.
• Bitcoin Spot ETFs: Logged $302M in inflows, setting a new record for cumulative inflows.
• ETF Filings: Firms including Franklin Templeton, VanEck, Grayscale, and Fidelity submitted updated S-1s. Signals are growing stronger for potential spot SOL ETF approval.
• Institutional Accumulation: A Japanese investment firm added 1,112 BTC, bringing total holdings to 10,000 BTC, alongside issuing $210M in zero-interest bonds.

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