But, alas, my ardor is not without reason. According to the sage minds at Blockworks, Solana has generated a staggering $271 million in Q2 2025 network revenue, its third consecutive quarter leading all chains. And, if that were not enough, Artemis data reveals that Solana had as many monthly active addresses in June 2025 as all other L1 and L2 chains combined. Ah, the sheer magnificence of it all! 🤩
This development seems to be a step backward from China’s plans to introduce a yuan-backed stablecoin, a notion that had previously been met with great fanfare. Alas, it appears that the hype surrounding stablecoins has not necessarily translated to legitimacy.
This testimony is happening at what journalists love to call a “crucial time” for crypto, meaning things are on fire but we’re pretending it’s fine. Why? Lawmakers and agencies won’t settle on the rules—so the industry’s stuck in a regulatory escape room where the only clue is “LOL, good luck.” Companies are peacing out of the U.S. like tourists who just realized their AirBnB is actually a tent. Garlinghouse, meanwhile, keeps trying to tell the SEC that their “enforcement-based approach” is about as useful as a screen door on a submarine. 🚪🌊
But wait, it’s not all bad. They say a collaboration is in the early stages. Early stages, my foot. We’ll see about that.
The company’s total hashrate under management rose to 36.2 exahashes per second (EH/s), up 6.2% month over month. This includes 3.8 EH/s from BitFuFu’s own operations and 32.4 EH/s from third-party suppliers and hosting clients. Power capacity under management climbed 11.8% to 728 megawatts (MW), reaching its highest level yet. 💡
Sixteen years of Bitcoin and still, taxpayers and their well-groomed CPAs cling to the fiction that “all is fog and mist.” How deliciously quaint! Meanwhile, the IRS has emerged from the shadows, paperwork in one hand and the other extended expectantly. The cat-and-mouse game is finished. The auditor now owns the cheese shop.
ICP has respected its key support level at $4.80, which was tested and confirmed multiple times throughout the session, according to CoinDesk Research’s technical analysis data. This level has become a critical pivot zone for traders, who, like moths to a flame, are eyeing potential upside if broader sentiment continues to improve. 🦋
Wall Street’s appetite for digital assets is insatiable, and the numbers are nothing short of robust. With just 4 trading sessions due to the U.S. Independence Day holiday, Bitcoin ETFs saw $769.60 million in net inflows, stretching their weekly green streak to 4 weeks. Thursday, July 3, led the charge with a staggering $601.94 million, powered by inflows into the largest funds.
On July 7, Kuru Labs, the startup building a decentralized exchange on Ethereum-compatible Monad, announced an $11.6 million Series A funding round led by Paradigm. The raise, which follows a $2 million seed round last year, will fuel the development of what could be the first fully functional on-chain central limit orderbook for the EVM. The round included participation from notable angel investors like Viktor Bunin, Zagabond, and former FTX product lead Tristan Yver, signaling strong industry confidence in Kuru’s approach.
Speculation, that great and often misguided muse, continues to swirl around a potential 2x leveraged BONK ETF from Tuttle Capital. Meanwhile, the broader optimism surrounding Solana’s newly launched ETF has acted as a catalyst, driving capital into the ecosystem. Yet, BONK’s momentum is not merely a product of market gossip; its ecosystem is rapidly fortifying its foundations, a testament to the resilience of the human spirit, or at least the spirit of crypto enthusiasts.