Bitcoin Reclaims $80K, CLARITY Act Heads to Trump’s Desk, TON Explodes 120%

Welcome to this week’s cryptocurrency market replace. If final week was in regards to the CLARITY Act breaking its impasse and the regular drip of DeFi exploits, this week the dialog shifted to Bitcoin reclaiming $80,000 on the again of Trump’s “Mission Freedom,” a CLARITY Act dash towards a July 4 signing deadline, and Toncoin’s explosive 120% rally as Telegram tightened its grip on TON.

Justin Solar and World Liberty Monetary took their feud to court docket, Vitalik received sandwiched, and Western Union’s USDPT lastly went stay on Solana. Let’s get into it.

High headlines for this week

Beneath are the key headlines, giving an summary of what occurred within the crypto market this week.

Bitcoin surges previous $80,000 on Trump’s “Mission Freedom”

The most important market story of the week was Bitcoin’s breakout above $80,000 as President Trump’s newly introduced “Mission Freedom” initiative despatched threat property ripping throughout the board. The rally was strengthened by $630 million in fresh institutional flows into BlackRock, Constancy, and Ark spot Bitcoin ETFs, signaling that the institutional bid is again in full drive.

Attempt stored its weekly accumulation streak alive, adding another 444 BTC as Bitcoin touched the $80K mark. All eyes, nevertheless, are on Technique. With Saylor’s firm sitting on 818,000 BTC and a Q1 earnings name on deck, hypothesis grew over whether or not Saylor would possibly finally trim his Bitcoin stack after a reported $12.5 billion paper loss, a chance that will mark a surprising U-turn from the agency’s “by no means promote” mantra.

CLARITY Act heads for a July 4 end line

Regulatory momentum on the CLARITY Act accelerated dramatically this week. Senator Bernie Moreno predicted Trump would sign the bill before July 4, setting a tough public deadline. Senator Lummis declared the Act “the precedence” amid a recent banking divide, whereas she and Senator Tillis publicly defended the stablecoin compromise in opposition to mounting banking foyer pushback.

The invoice is in an ungainly candy spot. Banks and crypto firms both hate it, but the White Home is asking it a deal. Senator Gillibrand drew her personal crimson line, refusing to again the Act with no robust ethics provision, and Democrats extra broadly threatened to block the invoice with out more durable ethics guidelines hooked up.

Crypto shares rallied laborious on the compromise. Circle closed up 19.9%, and Coinbase rose 6.1% on the information, with the broader basket of crypto-linked equities surging in tandem. Consensys lawyer Invoice Hughes argued the Act might convey crypto buying and selling again onshore, whereas Arthur Hayes was much less satisfied, bluntly stating the CLARITY Act gained’t assist crypto in any respect.

Toncoin rockets 120% on Telegram takeover

Toncoin had every week to recollect. The token jumped 26% in a single session after Telegram slashed community charges by 6x and formally took management of the TON blockchain, ending years of arms-length distance between the messaging big and the chain it spawned.

By week’s finish, the rally prolonged to a120% weekly gain as TON hit a report 0.6-second finality, the quickest in its historical past. The mixture of slashed charges, blistering finality, and direct Telegram stewardship has repositioned TON as one of the aggressive ecosystem performs of 2026.

Western Union’s USDPT goes stay on Solana

After signaling its transfer into stablecoins final week, Western Union formally launched its USDPT stablecoin on Solana, promising sooner funds throughout greater than 200 nations. The launch is without doubt one of the largest TradFi-to-crypto crossovers of the 12 months, placing a 173-year-old remittance big straight on chain simply because the CLARITY Act inches towards a stablecoin framework.

WLFI takes Justin Solar to court docket

The simmering feud between World Liberty Monetary and Tron founder Justin Solar lastly boiled over into the courtroom. WLFI filed a lawsuit against Sun over a token dispute and defamation claims, escalating a feud that has performed out publicly for months.

Solar fired again nearly instantly, calling the suit a “PR stunt” and vowing to struggle each declare. WLFI later denied crisis rumors swirling across the authorized battle, however the optics of the Trump-linked DeFi venture twisted up in litigation with considered one of crypto’s most polarizing figures is not going to fade shortly.

DeFi exploits hold stacking up

The DeFi exploit cycle continued with out pause. Wasabi Protocol triggered an emergency lockdown and probe after an EVM breach, halting exercise whereas the staff investigated. Days later, Trusted Volumes was drained for $5.9 million via the 1inch liquidity system, the newest reminder that DEX aggregator infrastructure stays a high-value goal.

The Drift Protocol fallout from its $295 million hack additionally moved into restoration mode, with the staff rolling out a user recovery plan for affected depositors. On the Kelp DAO entrance, the autopsy turned ugly. KelpDAO pinned the blame on LayerZero and introduced a shift to Chainlink’s CCIP after the $292 million hack, whereas a parallel court docket conflict erupted between Aave and law firm Gerstein Harrow over the $71 million in stolen ETH tied to the identical incident.

Polygon launches personal stablecoin funds

Polygon made a big privateness push, launching private stablecoin payments for USDC and USDT transfers utilizing zero-knowledge expertise. The function lets customers transact with the 2 largest stablecoins with out exposing quantities or counterparties on chain, an aggressive transfer at a time when regulators are sharpening their give attention to stablecoin transparency.

Vitalik will get sandwiched on Ethereum

In one of many extra bruising headlines of the week, Vitalik Buterin was hit by an MEV sandwich attack on his personal community. An MEV bot front-ran and back-ran considered one of his Ethereum swaps, costing him actual cash and reigniting the long-running debate over MEV mitigation on Ethereum. If Ethereum’s co-founder can not keep away from getting sandwiched, the typical consumer doesn’t stand an opportunity.

Bitmine provides 101K ETH however holdings slip to $13B

Ethereum treasury accumulation continued, with Bitmine adding another 101,000 ETH to its stack. The worth motion, nevertheless, took a chunk out of the books. The agency’s holdings slid to roughly $13 billion on the ETH worth dip, a reminder that even essentially the most aggressive treasury consumers are uncovered to mark-to-market swings.

Terra Luna Traditional surges 150% on Binance burn

LUNC bulls lastly received one thing to cheer about. Terra Luna Classic surged 150% in a month after Binance executed a burn of 923 million LUNC tokens. The burn slashed circulating provide at a second when retail consideration was rotating into long-tail restoration performs, sending the once-left-for-dead token vertical.

Information you might need missed

• Litecoin patches MWEB once more: Litecoin launched its fifth core patch in 2 months after the continuing MWEB disaster, the newest in a gradual drumbeat of fixes for its MimbleWimble privateness function.
• Eric Trump-backed miner posts heavy loss: The Eric Trump-backed Bitcoin miner reported an $81.8 million loss amid rising political and regulatory scrutiny over the enterprise.
• SIREN meme coin awakens: The SIREN meme coin rallied roughly 50% in 24 hours after weeks of silence, with merchants piling again in on a recent wave of social momentum.

Buzz of the Week

The excitement this week belonged to the CLARITY Act, however for a special motive than final week. Final week, the query was whether or not the invoice might survive committee. This week, it’s whether or not Trump indicators it earlier than July 4.

Senator Moreno’s deadline put a tough date on the calendar. Lummis and Tillis stepped out to defend the stablecoin compromise. Crypto equities ripped on the information, with Circle alone closing up practically 20%. And but, in a wierd bipartisan symmetry, each the banking foyer and a vocal slice of the crypto trade are actually brazenly hostile to the ultimate form of the invoice. 

Banks dislike the carve-outs round stablecoin issuance and yield. Crypto natives like Arthur Hayes argue the invoice does nothing significant for the trade it claims to manage. Gillibrand and a bloc of Senate Democrats need ethics provisions added earlier than they may help it.

The White Home calling it “a deal” whereas each side of the aisle complain could be the clearest signal that one thing is definitely going to go. Compromises that fulfill no one typically clear the ground; excellent payments die in committee.

Bitcoin’s surge to $80,000 on “Mission Freedom” added gas to the political narrative. With BTC ETFs absorbing $630 million in a single push and Attempt, Technique, and Bitmine all urgent forward with treasury buys, the institutional bid has clearly returned. The stress level now could be Saylor. 

After a $12.5 billion paper loss and the highest-stakes Q1 earnings name of the 12 months, even the smallest trace of a Technique sell-down would echo via the marketplace for weeks.

Toncoin, in the meantime, ran the loudest under-the-radar commerce of the week. A 120% rally, a 6x charge lower, report 0.6-second finality, and Telegram formally taking the wheel is the type of week that resets a venture’s narrative fully. TON walked into the week as a Telegram-adjacent chain and walked out as a Telegram-led chain.

The DeFi exploit tempo is the a part of the image no one can spin. Wasabi, TrustedVolumes, the lingering Drift restoration, and the Kelp DAO blame recreation all landed in the identical seven-day window. The Aave vs Gerstein Harrow court docket struggle particularly alerts that the authorized restoration section of those hacks is now its personal multi-million-dollar area, with legislation companies, DAOs, and protocols all jockeying over frozen funds.

What to anticipate for subsequent week?

Subsequent week is formed by three questions. Does Technique’s Q1 earnings name affirm or kill the hypothesis that Saylor is about to promote? Does the CLARITY Act survive the Democratic ethics-provision standoff and clear one other procedural hurdle on its option to Trump’s desk? And does the DeFi exploit cycle lastly take a breather, or do Wasabi and TrustedVolumes get joined by one other main title?

The Technique name is the one highest-impact occasion on the calendar. With 818,000 BTC on the stability sheet and a $12.5 billion paper loss within the books, something Saylor says about treasury coverage will transfer worth. A reaffirmed “by no means promote” stance retains the bid intact. Even a touch of a strategic trim, and the market will worth it in immediately.

On the regulatory aspect, the subsequent take a look at is whether or not Senate Democrats maintain the road on ethics provisions or fold below the timeline stress of a July 4 signing. If Gillibrand’s bloc holds, the invoice might slip into the second half of the 12 months. In the event that they fold, Trump indicators essentially the most consequential piece of crypto laws in U.S. historical past earlier than Independence Day.

And hold watching TON. A 120% week ends considered one of two methods: a tough correction again into the pattern, or a continuation that drags extra capital out of Solana and Ethereum L2s. Telegram’s deeper involvement is the structural wildcard that didn’t exist a month in the past.

Additionally Learn: LayerZero Says “We Own That” After $292M Kelp DAO Hack, Admits Security Mistake

Disclaimer: The data researched and reported by The Crypto Occasions is for informational functions solely and isn’t an alternative choice to skilled monetary recommendation. Investing in crypto property entails vital threat attributable to market volatility. At all times Do Your Personal Analysis (DYOR) and seek the advice of with a professional Monetary Advisor earlier than making any funding selections.