Crypto Week in Focus: 10 Major Stories You Need to Know

Top 10 Weekly Crypto News Highlights – June 28, 2025

The global cryptocurrency market continues to demonstrate resilience, with the total crypto market cap reaching $3.29 trillion, marking a 0.53% increase over the past 24 hours. Bitcoin remains a focal point, trading at $107,406, reflecting a 0.40% uptick, while Ethereum is trading at $2,427, down 0.75%. Despite fluctuations, the crypto ecosystem is witnessing notable developments shaping its future trajectory. Here are the top 10 crypto news highlights for the week ending June 28, 2025.

1. Hacken Token Plummets 99% Following Private Key Breach

In a stark reminder of the vulnerabilities within blockchain ecosystems, Hacken, a leading Web3 security firm, suffered a significant breach this week. An attacker managed to access a private key associated with minting capabilities, allowing the creation of 900 million fraudulent HAI tokens. This exploit caused the token's price to collapse by 99%, triggering widespread concern across the cybersecurity and crypto communities. The incident underscores the critical need for enhanced bridge security and robust multi-signature protections, as the trust in Hacken and broader blockchain security frameworks faces new scrutiny.

2. Trump’s Crypto Holdings Targeted by COIN Act

The cryptocurrency landscape in the United States faces potential policy shifts as Senator Adam Schiff introduced the COIN Act, aimed at prohibiting U.S. Presidents, Vice Presidents, and their relatives from owning or promoting digital assets. This proposed legislation directly impacts former President Donald Trump, who reportedly holds over $1 billion in cryptocurrencies and NFTs. The bill, if passed, could significantly reshape the intersection of politics and digital asset holdings, reflecting broader regulatory sentiments toward high-profile individuals influencing crypto markets.

3. Bitcoin Rebounds After Trump-Supported Ceasefire

Bitcoin’s price showcased notable volatility amid escalating Middle East tensions, initially dropping below $98,500 over the weekend. However, following Donald Trump’s announcement of a ceasefire agreement between Iran and Israel, Bitcoin rebounded above $106,000, reflecting renewed optimism among traders and investors. Analysts are closely monitoring the situation to determine whether Bitcoin will surge past the $110,000 mark or face renewed downward pressure if geopolitical tensions persist.

4. Circle’s Stock Market Cap Surpasses USDC Stablecoin

In a significant milestone, Circle (CRCL) has surpassed the market capitalization of its own USDC stablecoin, driven by its strong stock market performance post-IPO. Circle's stock price has surged by over 750% since its June public debut, fueled by investor optimism and regulatory advancements in stablecoin legislation under the GENIUS Act. This growth positions Circle, alongside Coinbase, as a key player in the evolving crypto-financial ecosystem, signaling institutional confidence in stablecoin-backed financial products.

5. SharpLink Gaming Bets $493 Million on Ethereum

Ethereum’s market dynamics saw a bullish catalyst this week as NASDAQ-listed gaming company SharpLink Gaming invested nearly $494 million to acquire 188,000 ETH tokens. The firm has staked its holdings, generating yield and boosting its stock value by 19%. This large-scale institutional purchase highlights growing confidence in Ethereum’s network utility and potential for appreciation, with ETH prices climbing above $2,460 and analysts predicting a potential move toward the $3,000 level in the near term.

6. Metaplanet Surpasses Tesla with 12,345 BTC Holdings

Japanese tech conglomerate Metaplanet made headlines by purchasing an additional 1,234 Bitcoin, bringing its total holdings to 12,345 BTC. The company’s aggressive acquisition strategy aims to secure 210,000 BTC by 2027, equivalent to 1% of Bitcoin’s total supply, positioning Metaplanet as Asia’s largest corporate holder of Bitcoin and surpassing Tesla’s BTC reserves. This move signals a strong institutional endorsement of Bitcoin as a strategic reserve asset amidst evolving global financial conditions.

7. Grayscale Reshapes Portfolio, Adds AVAX and MORPHO

Grayscale has adjusted its cryptocurrency investment portfolio for Q3 2025, officially recognizing Artificial Intelligence as a new asset sector. It has added 24 AI tokens with a combined market cap of $15 billion while incorporating Avalanche (AVAX) and Morpho into its top 20 assets list. Concurrently, Grayscale has removed Optimism (OP) and Lido DAO (LDO) from its holdings to refocus on assets with stronger short-term performance potential. This strategic reallocation reflects Grayscale’s commitment to aligning with emerging market trends.

8. Aqua1 Foundation Invests $100 Million in Trump-Affiliated WLFI Token

In a significant crossroad of politics and crypto, the UAE-based Aqua1 Foundation has invested $100 million in WLFI, a Trump-affiliated token, becoming its largest investor. The move grants Aqua1 substantial voting power within WLFI’s governance structure and strengthens plans for launching stablecoin USD1 and asset tokenization initiatives. This partnership, which also involves the development of BlockRock—a platform for bringing real-world assets on-chain—has sparked debates over foreign influence and the increasing politicization of cryptocurrency projects.

9. Ripple Drops SEC Appeal, Clearing Path for XRP Expansion

Ripple Labs has officially withdrawn its appeal against the SEC in its long-standing legal battle, signaling an intent to move forward and focus on growth. With legal uncertainties clearing, XRP could be positioned for transformative developments, including the potential for an XRP ETF, a Ripple IPO, and the expansion of partnerships with banking institutions. This strategic move sets the stage for renewed investor confidence in XRP and strengthens its potential role within the broader crypto ecosystem.

10. India Considers Bitcoin Reserve Strategy

In a notable policy shift, Pradeep Bhandari, a spokesperson for India’s ruling BJP party, has proposed initiating a pilot Bitcoin reserve using seized BTC assets. Bhandari argues that such a move would bolster India’s economic strength and position in the digital finance landscape. Inspired by the examples of the United States and Bhutan, this proposal represents a potential pivot in India’s approach to cryptocurrencies, indicating that the country could explore using Bitcoin as a strategic reserve asset while advancing its digital financial infrastructure.

Final Thoughts

The cryptocurrency market continues to evolve at a rapid pace, driven by institutional investments, regulatory developments, and technological advancements across the blockchain landscape. From Bitcoin’s resilience amidst geopolitical tensions to Ethereum’s surge driven by institutional buying, the crypto ecosystem is displaying signs of robust growth and maturation. At the same time, challenges such as security breaches, regulatory pressures, and liquidity concerns remain pertinent, underscoring the need for ongoing vigilance by investors and market participants.

As the market approaches the second half of 2025, investors will closely monitor these developments for their potential to shape market sentiment and drive the next phase of crypto adoption globally. Whether it is institutional interest in Bitcoin, regulatory support for stablecoins, or the expansion of blockchain’s real-world use cases, the cryptocurrency space remains a dynamic frontier of financial innovation.

Stay tuned for more weekly crypto highlights as the market continues to unfold.

Source: https://www.coingabbar.com/en/crypto-currency-news/weekly-crypto-news-roundup-top-10-highlights-june-28-2025

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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