Dgenz Crypto Weekly 038

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Table of Contents

• Market Pulse

• Weekly Charts

• Token of the Week

Bitcoin ETFs Go Brrr: $3.7B in a Week

Bitcoin just blasted past $123K and ETFs are the jet fuel behind it. Last week alone, Bitcoin and Ethereum ETFs raked in a whopping $3.7 billion, the second biggest weekly inflow in history, pushing total crypto fund assets to a record $211 billion. U.S. investors showed up like it was Black Friday for Bitcoin, while Germany hit the brakes with $85M in outflows. BTC is up 15.9% this month and over 100% from last summer, while Ethereum’s holding steady above $3K it is still down 4.6% year-over-year, even after the U.S. launched ETH spot ETFs last July. Analysts say this isn’t just hype or leverage fuelled madness, it’s a spot driven rally with real conviction. Bitfinex even noted that ETF demand soaked up nearly all BTC sell pressure last week. Still, not everyone's popping champagne. BRN’s Valentin Fournier warned that bullish momentum can vanish just as fast as it appears, and we’re now in that “take profits or ride the wave” territory.

The Crypto Civil War: CLARITY vs DeFi

DeFi builders are sounding the alarm over the CLARITY Act, a sweeping crypto bill heading to a House vote, that they say could gut decentralized finance in the U.S. While it's being championed by major industry players like Coinbase, DeFi leaders argue the bill was written for centralized giants, not for the broader crypto ecosystem. One of their biggest gripes? It would force DeFi protocols like Uniswap and Jupiter to behave more like traditional exchanges—censoring token access, vetting listings, and tracking every asset to make sure it fits a vague new category called a “digital commodity.” Meme coins and collectibles? Probably excluded. The bill also lacks clear federal pre-emption, meaning states could still go rogue with their own contradictory crypto rules, creating a legal nightmare for startups. Even though the bill protects self-custody for individuals, it leaves U.S.-based companies in the dust, with no such safeguard. Critics say the Act increases compliance costs, ignores technical realities (like the impossibility of monitoring every token), and could push DeFi devs offshore for good. After months of staying quiet, DeFi policy experts are now begging the Senate to step in and fix what they see as a ticking time bomb. “We've got three and a half years left of a crypto-friendly Trump admin,” one lobbyist said. “Why swing at garbage when we’ve still got time to wait for a real pitch?”.

Bitcoin’s Quantum Countdown Has Begun

Bitcoin developers are rallying to protect the network from what may be its biggest existential threat yet: quantum computing. A new proposal, led by Casa CTO, Jameson Lopp, and five others, suggests gradually sunsetting address types vulnerable to quantum attacks which are estimated to secure around 25% of all BTC, including Satoshi’s legendary million-coin stash. The plan would eventually ban sending to these legacy addresses, and after five years, block them from spending altogether unless upgraded to post-quantum secure types. If you don’t migrate? You lose your coins, period. This drastic approach turns security into a personal incentive rather than just a best practice. The timing coincides with the Quantum Bitcoin Summit in San Francisco, where experts warn that the quantum threat is no longer sci-fi, it could become real within a decade. A successful quantum attack on Bitcoin would result in significant economic disruption and damage across the entire ecosystem. Lopp’s proposal also references post-quantum address tech like BIP 360, though the larger community still has to hash out consensus (which is never quick in Bitcoin land). Meanwhile, other devs are working on alternatives, like “Hourglass,” which would throttle transactions from ancient wallets if the quantum age arrives faster than expected.

Is Crypto Crashing the IPO Party?

Grayscale just knocked on Wall Street’s door with a fresh stack of paperwork, signalling it wants to take itself public. Yep, the same Grayscale behind those Bitcoin and Ethereum ETFs is looking to trade shares like a “real” finance firm. They quietly handed in a draft S-1 form to the SEC, which is basically a rough draft that says, “Hey, we’re thinking about going public.” No word on how many shares they’ll offer or what price they’re dreaming of. It's all hush-hush for now. This move comes as IPOs are making a serious comeback in the U.S. After a dull 2022, companies have already raised $15.7 billion this year, that’s a 103% jump. And the year’s only half way through. Grayscale’s not the only crypto kid trying to get listed. Circle (the stablecoin folks) bagged over a billion dollars when they went public. Now Gemini, Bullish, OKX, and even FalconX are said to be flirting with IPOs too. It’s like crypto’s trying to join the cool Wall Street clique. Whether Wall Street rolls out the red carpet or gives them a side-eye still remains to be seen.

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USDT Dominance

There was no 4-hour close above the 4.42% resistance level on the $USDT.D chart, which supports the ongoing strength in the broader market. At the moment, $USDT.D is floating in no-man’s land, but there’s a growing likelihood it will revisit the 4.23% level, potentially pushing Bitcoin back toward the $123K region. The best approach here is to trade level by level using the $USDT.D chart as a guide. A bounce from support signals a short opportunity on $BTC, while a rejection at resistance offers a long setup. If $USDT.D reclaims resistance, that’s another short trigger for Bitcoin. I'm using the $USDT.D chart as a reference point because current levels on the Bitcoin chart are less defined and harder to trade off with confidence.

Others Dominance

$OTHERS.D is currently approaching a key daily resistance level around 7.8% which won’t be easy to break. A confirmed daily candle close above this level would mark a significant shift and could signal the start of an altcoin season. One major point to watch here is the market structure, specifically the swing high at 7.87%. We're just a small move away from triggering what could be a full-blown altcoin season. For clarity, an altcoin season is typically defined as a 90-day period where at least 75% of the top 50 coins outperform Bitcoin. For that to happen, $OTHERS.D plays a critical role. If we get a daily close above 7.87%, that would confirm a market structure shift (also known as a change of character), which has been long overdue. Combine that with potential rate cuts and Ethereum breaking above $4K, and you’ve got the perfect recipe for an altcoin season.

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Sui - $SUI

Sui is a high-speed, developer friendly Layer-1 blockchain built by ex-Meta engineers. Designed for mass adoption, it powers fast, low-cost DeFi, gaming, NFTs, and real-world apps with Web2-style UX and Web3 security. With strong backing from a16z, Binance Labs, and a growing global user base, Sui is positioning itself as the next-gen smart contract platform.

What Does Sui Do?
Sui lets developers build apps that feel like Web2 but run on decentralized infrastructure. It supports peer-to-peer payments, NFT ownership, social media, real-time games, and complex DeFi apps. Its parallel transaction model and smart contract framework (written in Move) make it ideal for high-speed, high-volume use cases. Sui also emphasizes ease of use with low fees and nearly instant confirmation.

How It Works?
Sui uses an object-based execution model, where assets like tokens and NFTs are treated as owned objects. Simple transactions don’t require consensus and finalize in milliseconds, while complex ones use a custom high-speed consensus called Mysticeti. Combined with low, stable fees and the Move programming language, this architecture gives Sui unmatched speed and safety for devs and users alike.

Tokenomics & Incentives
- 10B max supply, with ~3.5B in circulation as of mid-2025.
- Used for gas fees, staking, governance, and collateral in DeFi.
- Delegated Proof-of-Stake (DPoS) with fixed staking rewards from emissions + fees.
- Over 50% of supply is in a Community Reserve for grants and incentives.
- Upcoming unlocks are modest (e.g. 57M in Aug) with major cliffs pushed beyond 2030.

Ecosystem Impact
- DeFi TVL exploded from <$250M to over $2B in under a year.
- Top apps include Suilend (~$1B TVL), Navi Protocol, and Cetus DEX.
- 58M transactions/day peak, <1s finality, avg gas fee ~$0.01.
- 50M+ NFTs minted, 70+ games in development, and surging NFT marketplaces.
- Daily active users jumped from 2K → 196K in 2024.

Recent Developments
- Mysticeti upgrade cut finality time by 80%.
- Google Cloud partnership for AI x Web3 tools.
- HSBC & DBS joined as validators – rare for global banks.
- BTC liquidity bridge + 21Shares collab for institutional adoption.
- SuiPlay console launch and regional hubs expanding dev community.

What’s Coming Next?
- Mysticeti v2 + Remora scaling to handle 100K+ TPS.
- Walrus on-chain storage and ZK privacy features.
- More Web3 games go live in late 2025.
- SMS-based transactions and new P2P tunnels for global accessibility.

TL;DR
Sui is a lightning-fast Layer-1 built for real-world scale. Its novel object model, parallel execution, and Move smart contracts offer top-tier UX for gaming, NFTs, and DeFi. Backed by major players and now securing partnerships with banks and tech giants, $SUI is fuelling a fast-growing ecosystem that’s well-positioned for the next phase of adoption.

Market Cap - $13,861,082,293
24HR Volume - $2,219,600,497
Current Price - $4.02
All-Time High - $5.35 (-25%)
All-Time Low - $0.3648 (+997%)

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