
ETH held in strategic reserves reached nearly 1% of circulating supply; Crypto.com Exchange will accept BlackRock’s BUIDL as trading collateral; the US Senate passed the GENIUS Act.
Price and volume indices decreased by -7.93% and -9.44%, respectively, while volatility index was up by +27.19%.
All tokens in the weekly market index dropped in price last week amid rising tension in the Middle East. Volatility was led by XRP (+91.02%) and CRO (+58.89%). Canadian asset manager 3iQ launched an XRP-focused ETF on the Toronto Stock Exchange.
The amount of ether held in strategic reserves reached 1,189,335 ETH, accounting for 0.9854% of the total circulating supply, according to the latest figure reported by Strategic ETH Reserve.
Thirty-eight participants were identified as strategic ETH holders, with the top five holding over 70% of the ETH in strategic reserves. 32% was held by foundations (e.g., Ethereum Foundation), 31% by public companies, 14% by decentralised autonomous organisations, 5% by government reserves, and 17% by others (e.g., private companies). The Ethereum Foundation held the most with 259,440 ETH, followed by the public company SharpLink Gaming (NASDAQ: SBET) with 176,271 ETH. This potentially suggests Ethereum’s rising importance among institutions.
All top-cap tokens decreased in price last week, led by SUI and DOT, which coincided with rising geopolitical tension in the Middle East. The Polkadot community had mixed reactions on a governance proposal to convert 500,000 DOT to Threshold Bitcoin (tBTC) for diversification.
BTC and ETH decreased by -5.7% and -13.0%, respectively.
All key categories decreased in market capitalisation in the past seven days. The artificial intelligence category led the drop.
Token | Ticker | MC | 7D (%) | Category | Remarks |
---|---|---|---|---|---|
SPX6900 | SPX | $954M | -28.7% | Meme | SPX6900 is a meme coin inspired by the S&P 500 Index. It represents a conceptual challenge to the traditional index and symbolises the complexity of current financial systems. |
Spark | SPK | $36M | -44.1% | DeFi | Spark is a capital allocator that aims to solve the problem of fragmented liquidity, unstable yields, and idle stablecoin capital in the DeFi ecosystem. It operates by borrowing from Sky’s stablecoin reserves and deploying capital across DeFi, CeFi, and real-world assets, providing deep and consistent liquidity while earning risk-adjusted yield. SPK is the native governance and staking token. |
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