Cryptocurrency markets extended gains this week, with altcoins leading the charge as investor sentiment improved on expectations of monetary easing. Solana (SOL) posted notable advances, while Hype token surged to an all-time high of $55 following proposals for a native stablecoin. In traditional finance, NASDAQ filed with the SEC to explore tokenizing stocks, signaling growing institutional interest in blockchain-based assets.
Security concerns emerged as Ledger’s CTO warned users following a supply-chain attack, and SwissBorg reported a $40 million exploit, underscoring persistent vulnerabilities in the ecosystem. Geopolitical tensions flared as Russia accused the United States of weaponizing stablecoins, while U.S. Congress demanded a detailed report on Bitcoin reserves.
Corporate activity remained robust: Strategy purchased $217 million in Bitcoin, Worldcoin (WLD) jumped 40% after Eightco raised $250 million for its treasury, and Ant Digital tokenized $8.4 billion in energy assets. Stablecoin developments accelerated with MegaETH launching USDm in collaboration with Ethena, and a Justin Sun-backed stablecoin debuting on Ethereum. In exchange news, CoinShares announced plans to move its listing to a U.S. platform, and Ripple expanded its partnership with BBVA. Kazakhstan unveiled plans for a National Crypto Fund, further legitimizing digital asset adoption.
