Crypto Market Digest: Key Developments and Insights

Top Stories in Brief

1. Senate Advances Major Economic Legislation
   The U.S. Senate passed a procedural motion to expedite sweeping fiscal reforms, signaling potential market impacts ahead.
2. Binance Alpha Lists REKT with Airdrop
   Eligible users (170+ Alpha points) can claim REKT tokens via Binance Alpha's first-come-first-served airdrop.
3. Coinbase Named Among TIME's 100 Most Influential Companies
   Recognized for its role in crypto advocacy and S&P 500 inclusion amid record revenue growth.
4. RWA Sector Grows 85% to $24B
   Tokenized real-world assets emerge as crypto's second-fastest-growing sector after stablecoins.

Regulatory & Macro Updates

Senate Greenlights "Big & Beautiful" Bill

Passed 51-49, this procedural vote clears the path for extensive tax and spending reforms targeting corporate tax cuts, defense funding, and immigration. Final approval expected by July 4.

Key Terms: Corporate tax extensions, defense budget hikes, immigration funding.

Upcoming Economic Calendar

• July 3: Early June nonfarm payrolls (forecast: 129K jobs).
• ISM Data: Will inform Fed rate cut expectations amid current 4.2% unemployment.

Market Watch: Dollar volatility likely post-data, with potential rebound if labor metrics stay strong.

Perspectives & Analysis

Vitalik Buterin on Digital ID Risks

Even ZK-proof identity systems face:

• Privacy leaks
• Coercion vulnerability
• "One-person-one-ID" flaws

👉 Explore decentralized identity solutions

Solution: Hybrid "pluralistic identity" combining social graphs and diverse ZK-proof types.

a16z Moves $18M in COMP to Coinbase Prime

40K COMP tokens transferred in 21 hours (4% of supply), retaining equal holdings on-chain.

Project Dynamics

Binance Alpha's REKT Airdrop

• Supply: 140M REKT (24-hour claim window).
• Cost: 15 Alpha points per claim.

Tip: Act fast—pool depletes quickly!

Coinbase's Milestone

TIME 2025 spotlight cites:

• $2B+ revenue surge
• S&P 500 debut
• Lobbying successes

Challenges: SEC probes and user security concerns persist.

Data Snapshot

NFT Market Rebounds

• Weekly Volume: $125.1M (+8.17%).
• Top Chains: Immutable ($33.3M), Ethereum ($25.6M).

Notable Sales: CryptoPunks #1831 sold for 150 ETH ($389K).

H1 2025 Crypto Thefts Hit $2.1B

• 75 incidents (70% tied to North Korea).
• Bybit's $1.5B hack dominated losses.

Trend: Infrastructure attacks (e.g., private key leaks) caused 80% of breaches.

RWA Growth Metrics

• Current Value: $24B (+85% YoY).
• Leading Sector: Private credit ($14B).

Projection: 10–30% of global assets tokenized by 2030–2034.

FAQs

Q: How does the REKT airdrop work?
A: Binance Alpha users with 170+ points claim tokens sequentially until the pool empties (15-point fee per claim).

Q: What’s driving RWA adoption?
A: Institutional demand for blockchain-native credit markets, especially in private debt.

Q: Why did NFT volumes rise?
A: Ethereum’s 31.77% transaction surge and high-value punks sales fueled growth.

👉 Dive deeper into market trends

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