Trump’s Bitcoin Sneakers, Lummis Bill, Etnereum’s 9th Birthday - The Crypto Minute ⏰

Why It Matters

These developments signal growing mainstream adoption, shifting regulatory landscapes and concentrated market activity that could reshape liquidity, institutional products and sovereign policy toward crypto. The mix of legal moves, large transfers and concentrated profits underscores both rising financial integration and persistent security and fraud risks.

Summary

This week’s crypto roundup covered a wide mix of market, regulatory and industry developments: Trump launched Bitcoin-branded sneakers while his campaign reportedly raised $21 million at a Bitcoin conference, Grayscale’s mini Bitcoin trust began trading and a large $2 billion Bitcoin transfer was spotted. Losses from hacks and scams topped $1 billion year-to-date, Tether posted a record $5.2 billion profit in H1, and Bitcoin dominance hit its highest level since April 2021 as Solana’s DEX trading activity started to eclipse Ethereum. Regulators and lawmakers made headlines too—Russia legalized crypto for international trade, the SEC withdrew a request to label several tokens as securities in its Binance suit, and Senator Cynthia Lummis proposed bills to let states hold Bitcoin and create a strategic Bitcoin reserve. The week also saw tragic news with a Bitcoiner murdered in Kiev and broader retail access expanding as UAE residents can now trade crypto via bank accounts.