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![coinmetrics Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::867328053416001536.png) CoinMetrics.io [@coinmetrics](/creator/twitter/coinmetrics) on x 88.7K followers
Created: 2025-07-24 19:46:42 UTC

1/6 🧵New Coin Metrics Weekly State of the Market Report

Digital asset markets cooled off after briefly topping $4T in total market cap, with $BTC, $ETH, $SOL, and $XRP pulling back from recent highs.

Full breakdown from @coinmetrics – link in replies.

Highlights:

– The GENIUS Act was signed into law, setting a new U.S. regulatory standard for stablecoins: 1:1 backing with Treasuries or cash, third-party attestations, and federal-state oversight.

– @Tether_to announced a new U.S.-focused stablecoin to comply with GENIUS, targeting institutional payments and banking infrastructure.

– @Anchorage announced it will bring @ethena_labs’ offshore-issued $USDtb onshore, using its federally chartered crypto bank to meet GENIUS compliance.

– @BitGo confidentially filed for a U.S. IPO after surpassing $100B AUC. Meanwhile, @Bullish filed to raise $100M for a NYSE listing.

– @Jito_Labs launched its Block Assembly Marketplace (BAM) on Solana, enhancing block fairness and reducing MEV with encrypted ordering and TEEs.

Read the full report for data-backed insights into how crypto’s regulatory, institutional, and technical layers are evolving.

![](https://pbs.twimg.com/media/GwpagTHWwAApPMD.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1948469910126157856/c:line.svg)

**Related Topics**
[btc eth](/topic/btc-eth)
[sol](/topic/sol)
[alternative investment](/topic/alternative-investment)
[$xrp](/topic/$xrp)
[$sol](/topic/$sol)
[$eth](/topic/$eth)
[$btc](/topic/$btc)
[$4t](/topic/$4t)

[Post Link](https://x.com/coinmetrics/status/1948469910126157856)