Dgenz Crypto Weekly 035

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Table of Contents

• Market Pulse

• Weekly Charts

• Token of the Week

Biggest Crypto Seizure In U.S. History

The U.S. Department of Justice has filed to seize over $225 million in crypto linked to one of the largest-ever “pig butchering” scams that have cost victims globally. According to the Secret Service, this marks the largest crypto seizure in the agency’s history. The scheme was allegedly run out of Vietnam and the Philippines, with over 144 OKX accounts used to funnel stolen funds across hundreds of wallets. Advanced blockchain tracing techniques, IP log analysis, and direct assistance from Tether and OKX helped law enforcement crack the laundering network. More than 430 U.S. victims were affected, along with dozens from the U.K., Germany, and Australia. Many of which were tricked into transferring funds to what appeared to be legitimate trading platforms only to be cut off when they tried to withdraw. Investigators also identified “ITECHNO Specialist Inc.”, a Manila-based firm recruiting Mandarin speakers, as a scam hub. Officials say the next step is returning the stolen crypto to victims, with the Secret Service vowing ongoing international efforts to track remaining funds and dismantle the rest of the network.

Stablecoins Now Financial Infrastructure

The U.S. Senate’s approval of the GENIUS Act has kicked off a wave of momentum in stablecoins, with global banks and tech firms now racing to embrace USD-backed digital assets. The GENIUS Act enforces key standards: stablecoin issuers must hold 1:1 reserves (cash or U.S. Treasuries) and provide monthly disclosures. This added clarity is already attracting institutions looking for yield, compliance, and transparency and global banks are stepping in. France’s Societe Generale has announced plans to issue a publicly tradable stablecoin through its crypto arm. Meanwhile, PayPal’s PYUSD and Trump-linked USD1 are gaining traction, the latter already reaching $2.2 billion in market value. Mastercard has also joined the push, adding PYUSD, Paxos USD₲, and Fiserv’s FIUSD to its supported payment rails, a move that allows any merchant on its network to transact using stablecoins just like fiat. With over $260B in stablecoins circulating today, analysts say the sector is maturing fast. The combination of regulation, big-name adoption, and seamless payment rails is setting up stablecoins to become core financial infrastructure in both TradFi and crypto.

Weekends Are The New Wild West

Crypto never sleeps and neither do traders anymore. With volatility surging on weekends, trading desks at top firms like Qube, Jump Trading, and Virtu are now hiring weekend-only crypto traders to stay competitive in this 24/7 market. Recent events underscore why. After Trump’s June 22 airstrike announcement against Iran, Bitcoin and Ethereum dropped 3–7% on a Sunday, when stock markets were closed and liquidity was thin. This is no anomaly. In April, a Friday tariff headline triggered a 7% BTC drop that unfolded over the weekend. The low liquidity equals high volatility formula is turning weekends into a strategic edge. Data shows that after institutional algos joined in, weekend volume began exceeding weekdays by 10%. Hedge funds like Brevan Howard and Point72’s Cubist are staffing up accordingly. Mastering weekend swings is now a competitive necessity. Bid-ask spreads widen, retail gets chopped up, and algos feast. If markets are open 24/7, traders are too and that shift is rapidly redefining how and when the big money moves in crypto.

BNB Joins The Billion Dollar Club

Two major public companies are diving headfirst into crypto with very different plays. Norway’s Green Minerals announced it will invest up to $1.2 billion into a Bitcoin treasury. The deep-sea mining company said its first BTC purchase will happen within days. While its operational focus remains on mineral exploration, it claims blockchain will support supply chain transparency and project efficiency. Meanwhile, China’s Nano Labs is going even bolder by revealing plans to purchase $1 billion in BNB, with a long-term goal of owning 5–10% of the token’s circulating supply. That would make it one of the largest BNB holders globally. The announcement sent Nano’s stock soaring 170% at the open before closing the day up 65%. Over 245 public companies now hold crypto on their books, up 13% in the past month, with over $88B in Bitcoin held collectively. While BTC remains the dominant treasury asset, moves like Nano’s suggest altcoin accumulation could become the next big play, if the market holds up. But analysts are starting to sound the alarm, if prices turn south companies could be forced to unwind positions bought on leverage, risking a cascade across both equity and crypto markets.

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USDT Dominance

Given the positive market sentiment following developments in the Iran-Israel conflict, $USDT.D failed to hold above support. If we’re following the same playbook as the last impulsive retracement wave, we could still see a bounce from the 65% Fibonacci level, though price hasn’t reached the 61.8–65% zone just yet. Currently, we’re sitting right at the daily Point of Control (POC), which may offer a strong bounce and form a new higher low. That said, this isn’t the most attractive area for longs. A cleaner setup would come from a retest of the 4.96% resistance level. If price fails to react at either of these dynamic levels then the next likely point to bounce from would be our static support down at 4.68%. If that level gets tagged, it would likely coincide with Bitcoin pushing above $110K.

Others Dominance

$OTHERS.D is testing a key daily resistance zone. This level has acted as strong support since 2021 and has now flipped into a significant level of resistance. Price action is stalling here, signalling market hesitation and a potential shift in sentiment away from altcoins. Given the historical importance of this level, it’s crucial to watch $OTHERS.D closely as it often leads broader altcoin moves. With resistance holding for now, long setups look risky, while short opportunities present a more favourable structure. Unless we see a clean breakout with strong volume, the bias remains tilted to the downside for altcoins.

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Sei – $SEI

Sei is a high-performance Layer-1 blockchain optimized for trading. It was built to fix the speed, latency and congestion issues that traders face on general-purpose blockchains like Ethereum. Designed from the ground up with orderbook-based dApps, exchanges, and DeFi protocols in mind, Sei has positioned itself as the go-to chain for capital markets infrastructure in crypto.

What Does Sei Do?
Sei focuses on making trading fast, efficient and scalable. Whether it’s spot, derivatives, NFTs or DeFi protocols — any app that involves rapid order execution and price discovery can benefit from Sei’s speed and design. Its custom-built architecture supports both automated market maker (AMM) and central limit order book (CLOB) systems, giving developers flexibility that’s rare on other chains. Rather than competing to be another general-purpose chain, Sei is carving out a niche as the Layer-1 for exchanges, whether it be DeFi, gaming marketplaces or perpetuals. Its app partners include Vortex, Levana, and NFT marketplaces optimized for latency-sensitive execution.

How It Works?
Sei uses a Cosmos SDK foundation but introduces a custom Twin-Turbo Consensus mechanism that makes it one of the fastest chains in crypto, boasting sub-second finality (~390ms) and 20k+ orders per second. This is made possible by combining optimistic block processing with intelligent parallelization, allowing transactions to settle near instantly without waiting for sequential block confirmations. It also uses native price oracles, built-in order matching, and frequent batch auctioning to minimize front running which makes it ideal for on-chain trading and even high frequency strategies. Think of it as a chain purpose built to act like a high speed financial exchange.

Tokenomics & Incentives
- Fixed total supply of 10 billion SEI.
- Initial circulating supply was ~1.8B SEI at launch, now over 5.5B.
- Holders can delegate to validators to secure the network and earn staking rewards.
- Inflation started at 7% (targeting 5% over time) and funds staking and ecosystem growth.
- Used for gas fees, validator staking, governance, and participating in dApp incentives.
- Several launch airdrops and ecosystem incentives helped bootstrap user activity.

Ecosystem Impact
- Fastest growing Cosmos-based chain by unique wallets, with over 10 million created.
- Powers several on-chain orderbook DEXs, perpetuals platforms and NFT marketplaces.
- Supports both Ethereum and Solana-style smart contracts.
- Popular with developers building trading games, sports markets and DeFi derivatives.

Recent Developments
- Sei v2 Testnet launched with full EVM support, a major milestone to bring ETH devs over.
- Major dApps migrating or expanding to Sei (Deri Protocol and Arbitrum-native tools).
- New incentive rounds targeting liquidity mining and NFT creators.
- Sei ecosystem fund deployed $50M in grants for apps building on the chain.
- Candidate blockchain for Wyoming’s new dollar-pegged stablecoin, WYST.

What’s Coming Next?
- Sei v2 mainnet launch expected soon, bringing robust EVM compatibility.
- Expanded interoperability with Cosmos, Ethereum and Solana ecosystems.
- More dApps launching, including leveraged NFT platforms and prediction markets.
- Governance proposals in discussion to optimize staking inflation and validators.

TL;DR
Sei is a lightning-fast Layer-1 built for trading, offering sub-second finality, custom built orderbook support, and native optimizations for DeFi, gaming, and exchanges. With EVM compatibility, major ecosystem growth, and tailored token incentives, $SEI is quickly becoming a standout player among app-specific blockchains. If you're betting on the future of on-chain trading, Sei is definitely a chain to watch.

Market Cap - $1,715,863,080
24HR Volume - $1,042,260,013
Current Price - $0.307
All-Time High - $1.14 (-73%)
All-Time Low - $0.09536 (+223%)

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