For the Love of the Game (Market Commentary) |
Word on the street is that crypto is about to have a very big July. But will it be just the start of
the fireworks show, or are we heading into the grand finale for this cycle? That’s hard to predict, but major catalysts coming this month could bring record capital on-chain. - The US Housing Chief has ordered Fannie Mae and Freddie Mac to allow crypto as mortgage assets. This
means millions of traders who are wealthy on paper (or on-chain) can put their wealth to use in tangible ways that affect the economy.
- A major change to
crypto tax could help drive Bitcoin to become the payment token that millions have been hoping for. Senators will soon be voting on the controversial Big Beautiful Bill, and in that bill is a measure that would make $BTC transactions under $600 tax-exempt (up to $5K per year).
- The GENIUS and CLARITY Acts will likely be passed by the House and Senate this month, all while a
flurry of trade deals stemming from the tariff wars get announced over the next week.
Suddenly, crypto has matured both in utility and in regulatory clarity, and as the economy heats up (potentially with rate cuts as well), this market is ready to go risk on. If you’re wondering if that’s good for crypto, check out Ric Edelman calling for investors to allocate 10%-40% of their portfolio to crypto. Let the
fireworks begin. Animoca Brands announced Moca Chain, a privacy-focused blockchain designed for decentralized identity and data verification. - Moca Chain will be a modular, chain-agnostic EVM-compatible Layer 1 blockchain, with testnet going live Q3, mainnet Q4 2025.
- Users can unify their identity and data across apps and identity protocols, including healthcare, education, rewards, and finance.
- Moca Chain will be powered by the $MOCA token and be used for validators' staking, gas, storage, and verification fees to verify credentials.
- AIR Kit will be the entry point for protocols and apps to build and share data, users, and applications.
Virtuals Decentralizes Points Virtuals dropped multiple major updates this week that help align the main crypto AI agent platform with the community. - Virtuals stakers will now begin earning VVAP (Voted Agent Points), which can be used each week for
voting on which agent tokens receive 10% of daily Virtuals Points.
- The community will also play a larger role in governing the Virtuals platform through a new
Virtuals Protocol Governance Portal.
- Holding 0.10% of staked Virtual allows you to create proposals, which are open for review/comments for 72 hours, and then open to a community vote. To pass, proposals must receive a majority of votes (50% + 1).
- Multiple proposals are live now, including a vote for establishing an Ecosystem Growth Fund, a Sniper Defense & Yield Fund,
and a grant system for Virgen Labs.
Robinhood dropped a huge announcement yesterday that included tokenized US stock trading, their own blockchain, perp futures, and ETH and SOL staking. - Robinhood is launching tokenized U.S. stocks & ETFs trading in Europe via Stock Tokens. The first two tokenized private stock tokens are SpaceX and OpenAI.
- Trading will be available 24/5 and will migrate to their own Layer 2 Arbitrum-based blockchain for 24/7 availability.
- Robinhood also introduced crypto perpetual futures (3x leverage) through Bitstamp acquisition, rolling out fully by late summer.
- Staking for Ethereum and Solana, along with crypto credit card rewards and boosted instant deposits, are coming for US customers.
Kraken Takes on Cash Apps Tier 1 crypto exchange Kraken continues to drive narratives this cycle, this past week making waves in the world of Bitcoin Runes and good old cash. - Kraken launched a new money app called Krak as a payments app
that will compete with Venmo and CashApp.
- Users will have custom handles called Kraktags for sending and receiving payments to/from wallets and bank accounts.
- Krak offers zero-fee transfers on deposits and withdrawals, and there is no KYC required to send and receive crypto.
- Kraken became the first tier 1 exchange to list a Bitcoin Rune, with their
Friday listing of DOG (Dog Go To The Moon).
The AI market climbed +23.03% this week to a $9.4B market cap, erasing all of the prior week’s losses. - Vader dropped multiple big updates over the past week, including a new purchasable “SHIELD” for
yappers to maintain streaks, and also a new referral system that will be coming soon.
- OG NFT project ON1 Force is coming to Virtuals with their new Eva project. Eva will bring depth of
personality and expanded memory to AI agents.
- Arbus announced a partnership with maicrotrader to power data-driven trading via their Quant
Agent.
- WhaleIntel now tracks staking, unstaking, entries, exits, and Genesis launch plays from across
Virtuals’ ecosystem.
- Agent DareDevil announced a partnership with RedBull to power their new AI betting
app.
- Legend and Music by Virtuals are teaming up to give the community the opportunity to create FC
Costa D’Amalfi new team anthem.
- Yuga Labs experiments with AI for creating agentic NPCs, AI-powered questlines, and AI-assisted
asset generation in the Otherside Metaverse.
- Wasabi Protocol and Kosher Capital are teaming up to bring agentic leverage
trading.
- Gloria AI announced a partnership with AITV to create new interactive streaming content in real
time.
- OpenSea co-founder Alex Atallah raises
$40M for AI startup OpenRouter.
- NFT art marketplace FXHash launches their new $FXH art tokens and NFT mint experience on July 2. Artists will create their own tokens for collectors to use for art mints.
- Pudgy Penguins had more big news this week with the official filing by CBOE for the CANARY $PENGU and NFT
ETF. $PENGU is also now tradable in the top finance app in Europe, Revolut.
- Otherside Metaverse released details of upcoming milestones for the highly anticipated metaverse.
In July, they’ll launch a limited edition game experience called Bathroom Blitz, the persistent Meet Me at the Bubble, and in August, we’ll get to experience the Otherside Outbreak game.
- NBA Top Shot Moments are getting an upgrade, with every Moment becoming fully interactive. You will
soon access your digital collectible from any device and access various features and stats by touch.
- Sticker Pack on Telegram drops big updates for NFT launches, including TON wallet integration, fair
sale raffles, account limits, and secondary market trading.
- NFT sales came in at $126.07M, a new 19-week high.
- Unique sellers fell -27.56% to their lowest level of 2025, while buyers fell -28.57% to a 7-week low.
- Trade profits hit a 3-week high, though still negative at -$1.70M.
ETH NFT Composite - 572.51 (-1.35%)
SOL NFT Composite - 513.47 (+0.97%)
POL NFT Composite - 1.25 (-0.52%)
CAR NFT Composite -
327.94 (-4.75%) Top Gainers 7d JUP - $0.4607 (+26.4%)
ARB - $0.339 (+21.3%)
APT - $4.82 (+19.2%)
FARTCOIN - $1.14 (+18.8%)
QNT - $107.30 (+18.2%)
Top Losers 7d
TKX - $24.60 (-10.1%)
WBT - $44.12 (-7.7%)
GT - $15.35
(-5.8%)
TIA - $1.40 (-2.7%)
OKB - $50.10 (-1.4%) |
A type of machine learning where an AI agent learns by interacting with an environment, taking actions, and receiving feedback about the completeness and accuracy of its outputs. Over time, the agent improves its decision-making to maximize
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