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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
CoinBrain
July 07, 2025 • Reading Time: 12 minutes
Welcome back, my good fellows! 🎩 I trust last week’s happenings will amuse you as much as they did me.
We got a hefty dose of drama, some big moves, and a new memecoin on the block.
Enjoy the rollercoaster 🎢 This is The Crypto Minute by CoinBrain 🧠
⤵️ Today’s Agenda:
Robinhood faces backlash from OpenAI after offering its “tokenized stock“ without OpenAI's knowledge.
Bitcoin crosses $110K following the Big Beautiful Bill Senate pass.
OG Bitcoin whale suddenly moves Billions worth of BTC after 14 years of dormancy, intentions unknown.
Crypto companies eager to receive a banking license are intensifying the stablecoin race.
And more…
📊 Market Snapshot
| $109,800BTC+1.2% | $2,550ETH+4.3% | $3.36TCrypto Market Cap+0.4% | 52 (Neutral)Fear & Greed Index+0 from last week |
📅 Crypto Events You don’t want to Miss
📌 Monday, July 7th - SNX Shuts Down on Base
Synthetix is shutting operations on Base, and that could put liquidity under pressure. If you’re holding SNX or LPs on Base, keep tabs.
📌 Tuesday, July 8th - STRK Mainnet Upgrade
StarkNet is leveling up. This mainnet upgrade could supercharge STRK functionality, potentially boosting its long-term value and expanding its use cases.
📌 Wednesday, July 9th:
US Tariffs Pause Ends - The end of the US tariff pause could inject a fresh dose of uncertainty, shaking both equities and crypto.
FOMC Meeting Minutes - The Fed’s behind-the-scenes notes drop this Wednesday. These minutes reveal what policymakers really think about inflation, jobs, and rate cuts.
DOT Vote to Launch Polkadot Card Ends - Community votes wrap up on the new Polkadot Card. If it passes, expect renewed excitement and possibly a little DOT rocket fuel.
📌 Thursday, July 10th - US Jobless Claims
Higher jobless claims might signal economic cooling, making crypto more appealing as a hedge.
Lower claims? More “rate hike” anxiety. Either way, it’s a mover 🚀
🐋Smart Money Tracker
Monday, June 30th: The Royal Government of Bhutan deposited 137 $BTC ($14.77M) to Binance on this day.
Tuesday, July 1st: Wallet 0x17E0 (likely belonging to hackers) received 12,282 $ETH ($23.72M) from THORChain and Chainflip 3 months ago and sold it at $1,932.
On this day, they bought back 4,958 $ETH ($12.37M) at $2,495. Losing ~$6.9M currently.
Wednesday, July 2nd: Gambler Qwatio just got liquidated for 282.8 $BTC ($30.65M) and 8,282.8 $ETH ($20.6M) again.
They always short with the highest leverage when the price falls, and then get liquidated when the price soars.
They have been liquidated 15 times on $BTC and 8 times on $ETH!
Thursday, July 3rd: Smart trader 0xcB92, with a 100% win rate on $ETH, has been holding onto their $ETH short without locking in profits.
Their unrealized profit once topped $26M, but it has now dropped to $6.43M.
Friday, July 4th: A Bitcoin OG holding at least 80,009 $BTC ($8.69B) woke up after 14+ years of dormancy and transferred out all their holdings on this day!
This OG controls about 8 wallets, 2 of which received 20,000 $BTC($15,600 at the time, $2.18B now) on April 2, 2011, when the price of $BTC was 0.78.
Currently, all 8 wallets woke up after 14 years of dormancy and transferred out 80,009 $BTC ($8.69B).
Addresses:
1KbrSKrT3GeEruTuuYYUSQ35JwKbrAWJYm
12tLs9c9RsALt4ockxa1hB4iTCTSmxj2me
1P1iThxBH542Gmk1kZNXyji4E4iwpvSbrt
1CPaziTqeEixPoSFtJxu74uDGbpEAotZom
1f1miYFQWTzdLiCBxtHHnNiW7WAWPUccr
1BAFWQhH9pNkz3mZDQ1tWrtKkSHVCkc3fV
14YK4mzJGo5NKkNnmVJeuEAQftLt795Gec
1ucXXZQSEf4zny2HRwAQKtVpkLPTUKRtt
Sunday, July 6th: A whale created two new wallets and spent 4.53M $USDC to buy 3.72M $Fartcoin at ~$1.22 on this day.
Source: Lookonchain
📰 News Recap (July 1st to 7th)
₿ Bitcoin Rockets Past $110K After Trump's Big Beautiful Bill
Bitcoin blasted through $110,000 this week as the Senate passed Trump's controversial $3 trillion spending bill! 💰
Source: Trading View
The crypto market loved the news, with ETH jumping 6% to $2,560 and SOL climbing 3.6% to $153.
But the party didn't last long - the crypto tax amendment has been excluded from the Big Beautiful Bill, causing a wave of pullback 📉
🇺🇸 Elon's America Party Goes Full Bitcoin: "Fiat is Hopeless"
Elon Musk just dropped a crypto bombshell - his new “America Party” will embrace Bitcoin because "fiat is hopeless!".
The Tesla CEO announced the party after his epic fallout with Trump over that $3.4 trillion spending bill he called a "disgusting abomination." 🤮
The America Party launched with backing from Mark Cuban and Anthony Scaramucci, aiming to shake up the two-party system by targeting just a few key Senate and House seats.
Trump fired back on Truth Social, saying Musk has gone "completely off the rails".
🏦 Banking License for Crypto Companies?
Ripple CEO Brad Garlinghouse announced they're applying for a national bank license AND a Fed Master Account to hold stablecoin reserves directly with the Federal Reserve.
This came just two days after Circle (USDC issuer) dropped their own banking license application 🏃♂️
True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
Earlier in the week via
— Brad Garlinghouse (@bgarlinghouse)
4:55 PM • Jul 2, 2025
The stakes are huge - a Fed Master Account would give Ripple direct access to the US payments system, bypassing traditional banks entirely! 💳
With Congress gearing up for "Crypto Week" (July 14-18) to vote on major stablecoin bills, everyone's racing to get their banking ducks in a row.
📈 Useless Coin leads the memcoin hype this week
Sometimes the most honest crypto project wins! 🏆 Useless Coin ($USELESS) - which literally admits it's completely useless - just pumped 110% this week and 2,400% over the last month to reach a $247 million market cap.
USELESS Price. Source: CoinGecko
The transparently pointless token launched on Bonk's letsBONK platform and is now commanding 4% of all Solana mindshare 🧠
While other memecoins try to pretend they have utility, USELESS just embraces the absurdity and retail traders are eating it up!
The Solana meme sector is showing signs of life again, with BONK up 25% this week and Pudgy Penguins (PENGU) rallying 65% 🐧
🌍️ Story of the Week
🧝 Robinhood vs OpenAI - The Great Tokenization Showdown
Robinhood CEO Vlad Tenev dropped a bombshell this week, announcing that EU users would get tokenized versions of OpenAI and SpaceX shares through their new "stock tokens" program 💥
Source: Robinhood
The brokerage quietly minted 213 tokenized stock contracts on Arbitrum for just $5 in gas fees (talk about efficient!), covering everything from Nvidia to Microsoft to Apple.
Turns out the OpenAI stock token transaction did indeed succeed! 🙌
— Vlad Tenev (@vladtenev)
3:52 PM • Jun 30, 2025
OpenAI was NOT having it! 😤 Sam Altman's AI powerhouse fired back hard on X, stating:
"These 'OpenAI tokens' are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it."
They even warned users to "please be careful."
These “OpenAI tokens” are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer.
Please be careful.
— OpenAI Newsroom (@OpenAINewsroom)
8:06 PM • Jul 2, 2025
Tenev quickly went into damage control mode, emphasizing that these aren't actual equity but derivatives that track company valuations:
"You can see the precise dynamics in our Terms," he wrote, calling it "a seed for something much bigger" in the "tokenization revolution."
Here's the kicker - these tokens live in a "walled garden" that only allows transfers between approved wallets, blocking DeFi interactions entirely 🏗️
At our recent crypto event, we announced a limited Stock Token giveaway on OpenAI and SpaceX to eligible European customers. While it is true that they aren’t technically “equity” (you can see the precise dynamics in our Terms for those interested), the tokens effectively give
— Vlad Tenev (@vladtenev)
11:07 PM • Jul 2, 2025
As one researcher noted, "It's very possible CeFi with distribution just outcompetes existing DeFi protocols." So much for decentralization!
This drama highlights the growing trend of tokenizing traditional assets, with Bybit, Kraken, and Gate all launching similar products 🌊
While Robinhood expands into perpetual trading and builds its own Arbitrum-based Layer 2, the question remains: Is this true innovation or just TradFi in crypto clothing?
🔒 Major Token Unlocks of the Week
$ATA - 1% of the total supply will enter circulation on July 7th, 2025.
$HYPC - 1.9% of the total supply will enter circulation on July 8th, 2025.
$ARB - 1% of the total supply will enter circulation on July 9th, 2025.
$TRIBL - 1.5% of the total supply will enter circulation on July 9th, 2025.
$NYM - 3.9% of the total supply will enter circulation on July 11th, 2025
$DIMO - 2.5% of the total supply will enter circulation on July 12th, 2025.
$GFAL - 1.1% of the total supply will enter circulation on July 13th, 2025.
Explore more unlocks with full vesting details.
🗞️ From our Blog
💡 1 Minute Learning: CBDCs vs. Crypto
What's the Deal with CBDCs? 🤔
CBDC stands for Central Bank Digital Currency - basically, it's when your government decides to go digital with its money! Think of it as the official, suit-wearing cousin of cryptocurrency. 👔
Key Features of CBDCs:
🏛️ Government-controlled - Your central bank is the boss
📊 Fully traceable - Every transaction is monitored (privacy? what privacy?)
💳 Stable value - No wild price swings like your favorite altcoin
🔒 Regulated AF - Follows all the traditional banking rules
On the other hand, traditional cryptocurrencies are the rebellious teenager of the financial world - they don't like being told what to do! 😎
Crypto's features:
🌍 Decentralized - No single authority calling the shots
🔐 Pseudonymous - More privacy (though not completely anonymous)
📈 Volatile - Can make you rich... or poor... sometimes both in the same day!
🌐 Borderless - Works anywhere with an internet connection
CBDCs are like having a digital version of cash that your government can track and control. Perfect for taxes, not so much for buying that questionable NFT collection. 🖼️
Crypto remains the wild west of finance - more freedom, more risk, more "HODL to the moon!" energy. 🌙
Here's the kicker: CBDCs and crypto might actually coexist!
While CBDCs and crypto come from a totally opposite ideological background, recently, they seem to converge into one, massively adopted scheme led by centralized stablecoins on decentralized blockchains 💸
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
Got any ideas or feedback? We’d love to hear from you! Drop us an email at [email protected].
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.