The global cryptocurrency market showed strong momentum in the week from June 23 to June 29, with total market capitalization increasing by approximately 5.16%, according to data from ChainDD Intelligence Center. As of June 29, 2025, the total market cap reached $3.417 trillion**, up **$167.8 billion from the previous week. Investor sentiment remained bullish, driven by macroeconomic optimism, institutional developments, and growing adoption of digital assets across key economies.
This weekly analysis covers price movements of major cryptocurrencies, market cap trends among the top 30 digital assets, mining pool dynamics, and a curated review of industry news, policy updates, and investment activities shaping the global crypto landscape.
Major Cryptocurrencies Rally Across the Board
The week witnessed broad-based gains across leading digital assets, signaling renewed confidence in the sector.
- Bitcoin (BTC) rose from $100,987** to **$108,386, marking a 7.33% increase.
- Ethereum (ETH) surged from $2,228** to **$2,501, gaining 12.24%.
- BNB climbed from $616** to **$655, up 6.34%.
- Litecoin (LTC) advanced from $80.14** to **$87.99, a 9.79% gain.
- Polkadot (DOT) jumped from $3.15** to **$3.54, rising 12.38%.
- Solana (SOL) posted the strongest performance, increasing from $131.62** to **$153.35, up 16.51%.
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The outperformance of Ethereum and Solana suggests growing investor interest in smart contract platforms and decentralized applications (dApps), particularly as network activity and developer engagement continue to rise.
Top 30 Cryptocurrencies See 7.76% Market Cap Growth
The top 30 cryptocurrencies by market capitalization collectively grew by 7.76%, outpacing the overall market increase of 5.16%. This indicates that capital is concentrating in high-liquidity, established projects.
As of June 29, the combined market cap of the top 30 cryptos stood at $3.192 trillion, representing 93.41% of the total crypto market.
Market Leadership Snapshot:
- Bitcoin (BTC) – $205.53 billion (63.08% dominance), up 1.30% week-on-week
- Ethereum (ETH) – $301.9 billion (8.84% share), slight dip of 0.21%
- Tether (USDT) – $157.6 billion (4.61%), up 0.03%
Despite ETH’s slight drop in dominance due to BTC’s stronger rally, its absolute market cap increased significantly, reflecting solid demand.
Sector Distribution in Top 30:
The top digital assets span multiple blockchain sectors:
- Layer-1 blockchains dominate in number and influence.
- Platform tokens like BNB remain strong due to exchange ecosystem growth.
- Stablecoins maintain critical infrastructure roles in trading and remittances.
- DeFi and meme coins continue to capture speculative interest.
This diversification highlights the maturing crypto ecosystem, where value is being created across infrastructure, finance, and community-driven projects.
Bitcoin Mining Pool Distribution Remains Stable
Bitcoin mining centralization concerns were tempered this week as mining pool shares showed minimal fluctuation.
- Total blocks mined: 967
- Empty blocks: 4 (0.41% rate)
- Top 10 mining pools controlled 96.60% of total hash rate
No single pool exceeded 30%, indicating a relatively balanced distribution of mining power. This stability supports network security and decentralization—key metrics for long-term investor confidence.
Weekly Industry Developments: Adoption & Regulation
Industry Progress
- South Korea’s Kakao Pay launched a won-pegged stablecoin pilot, signaling growing institutional interest in digital currency payments.
- Wyoming’s WYST stablecoin is set for an August 20 launch, reinforcing U.S. state-level innovation in blockchain policy.
- Nano Labs, a Nasdaq-listed firm, plans to apply for licenses to issue HKD and offshore RMB stablecoins.
- Trump urged Congress to fast-track federal stablecoin legislation, though lawmakers noted unresolved details.
- The Smarter Web Company added 196.9 BTC to its treasury, bringing total holdings to over 543 BTC.
- New York City’s Mayor Adams unveiled a crypto policy roadmap focusing on public service integration and financial education.
- U.S. housing regulators instructed Fannie Mae and Freddie Mac to prepare for crypto-backed mortgages.
- SEC officials confirmed active review of physical Bitcoin ETF redemption mechanisms.
- PayPal’s CEO stated the company is building real-world use cases for stablecoins.
- India’s ruling party members called for a national Bitcoin reserve pilot program.
- Research shows stablecoins are now widely used in cross-border trade in Yiwu, China, especially for small-dollar settlements.
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Investment & Fundraising
- Blueprint Finance raised $9.5 million, led by Polychain Capital.
- Spekter Games, a Web3 gaming startup, secured $5 million in pre-seed funding from a16z Speedrun.
- Yield.xyz completed a $5 million strategic round backed by Multicoin Capital.
These investments reflect continued venture confidence in DeFi infrastructure and blockchain gaming—two high-growth verticals.
Regulatory Landscape: U.S., Asia Take Divergent Paths
United States
- Texas became the first U.S. state to allocate $10 million toward a Bitcoin reserve.
- A new Texas law allows civil forfeiture of crypto involved in crimes, effective September.
- The Federal Reserve proposed easing leverage rules for large banks, potentially freeing capital for digital asset exposure.
Asia & Global
- Hong Kong regulators clarified that unlicensed crypto trading or custody operations carry a maximum penalty of 7 years in prison.
- Eight major South Korean banks are forming a joint venture to issue a domestic stablecoin.
- Canada’s financial regulator confirmed it is developing a formal stablecoin oversight framework.
While the U.S. sees fragmented but progressive state-level actions, Asian markets are advancing structured regulatory models to support innovation within compliance boundaries.
Key Events Calendar: June 23–29
| Date | Event |
|---|---|
| Jun 23 | Former hedge fund executives plan $100M fund for BNB treasury strategy |
| Jun 24 | Ex-Coral Capital leader aims to raise $100M for BNB reserve |
| Jun 25 | Fed Chair Powell stated the central bank has no legal authority or intent to buy Bitcoin |
| Jun 26 | Ethereum-based stablecoin weekly active users exceeded 750,000—new all-time high |
| Jun 28 | Michael Saylor emphasized Strategy’s role in digitizing credit markets |
Frequently Asked Questions (FAQ)
Q: What caused the crypto market rally this week?
A: The rally was driven by multiple factors: growing institutional adoption (e.g., corporate BTC purchases), positive regulatory signals (e.g., Texas Bitcoin reserve), and increased usage of stablecoins in global trade and DeFi.
Q: Why did Bitcoin’s dominance rise while Ethereum’s fell slightly?
A: BTC’s price increase outpaced ETH’s in percentage terms, leading to higher market share. However, ETH’s absolute value still grew significantly due to strong demand in staking and dApp activity.
Q: Are stablecoins becoming more important in traditional finance?
A: Yes. Stablecoins are increasingly used in cross-border payments, remittances, and as trading pairs on exchanges. With regulatory clarity emerging in places like Wyoming and Hong Kong, their integration into mainstream finance is accelerating.
Q: What does the rise in venture funding mean for Web3?
A: Sustained investment in DeFi, gaming, and infrastructure signals long-term belief in blockchain’s utility beyond speculation—pointing toward real-world adoption and scalable business models.
Q: Is mining centralization a risk for Bitcoin?
A: While top pools control most hash power, no single entity has crossed the 50% threshold. Regular monitoring and geographic diversification help mitigate centralization risks.
Final Thoughts
The week of June 23–29 underscored a maturing digital asset ecosystem—marked by institutional adoption, regulatory evolution, and technological advancement. With market cap growth outpacing previous weeks and key players expanding their crypto strategies, the foundation for sustained growth appears solid.
As governments experiment with sovereign digital currencies and enterprises integrate blockchain into treasury operations, the line between traditional finance and decentralized systems continues to blur.
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Keywords: cryptocurrency market cap, Bitcoin price analysis, Ethereum growth, stablecoin adoption, blockchain regulation, DeFi trends, Web3 investment