Crypto Weekly Digest: Bitcoin Powers Back to $80K, CLARITY Act Rushes to Trump, TON Blasts 120% Higher

Crypto Weekly Digest: Bitcoin Powers Back to $80K, CLARITY Act Rushes to Trump, TON Blasts 120% Higher

Welcome to your go-to weekly roundup of the crypto world. This week brought big moves. thanks to President Trump’s fresh “Project Freedom” push. The sped toward Trump’s desk with a July 4 target. And , fueled by Telegram’s deeper control.

Other highlights included a lawsuit between World Liberty Financial and Justin Sun, Vitalik Buterin facing an MEV attack, and Western Union’s new stablecoin on Solana. DeFi hacks kept coming, but bright spots like Polygon privacy tools shone through. Let’s break it down.

: Trump’s Project Freedom Sparks Rally

The top story was . Trump’s “Project Freedom” initiative lit a fire under risk assets. This plan aims to boost crypto freedom and innovation in the US.

Spot Bitcoin ETFs saw huge inflows. BlackRock, Fidelity, and Ark pulled in $630 million. This shows big money from institutions is back strong.

Strive added 444 BTC to its holdings, keeping its buying streak alive as BTC hit $80K. But eyes are on MicroStrategy. Michael Saylor’s firm holds 818,000 BTC. With a $12.5 billion paper loss and Q1 earnings coming, whispers grew. Will Saylor sell some? It would break his famous “never sell” rule and shake the market.

Bitcoin’s jump ties into pro-crypto politics. Trump’s support and ETF money point to more upside if momentum holds.

: July 4 Deadline Looms

Regulatory news dominated too. The gained speed. Senator Bernie Moreno said Trump will sign it before July 4. Senator Cynthia Lummis called it her top priority. She and Senator Tillis defended the stablecoin deal against bank lobby complaints.

The bill sits in a weird spot. Banks hate the stablecoin rules. Some crypto firms say it does not go far enough. Yet the White House calls it a win. Senator Kirsten Gillibrand wants strong ethics rules or she’ll block it. Democrats push for the same.

Crypto stocks loved it. Circle stock rose 19.9%. Coinbase gained 6.1%. Consensys’ lawyer Bill Hughes said it could bring trading back to the US. But trader Arthur Hayes called it useless for real crypto growth.

Why the buzz? Last week was about surviving committee. Now it’s about Trump signing by Independence Day. A bill both sides dislike often passes. Perfect ones stall.

: Telegram Takes Full Control

Toncoin stole the show with a massive rally. It jumped 26% in one day after Telegram cut fees 6x and took direct control of the TON blockchain. No more arms-length ties.

By week’s end, . It hit a record 0.6-second finality – the fastest ever. Lower fees, super speed, and Telegram’s lead make TON a top bet for 2026 growth.

This shift changes TON’s story. From Telegram side project to full Telegram chain. It could pull users and money from Solana and Ethereum layers.

TradFi Enters Crypto: Western Union Launches USDPT on Solana

Western Union, a 173-year-old giant, launched USDPT stablecoin on Solana. It promises fast payments to 200+ countries. This is huge TradFi-to-crypto move, timed with ‘s stablecoin focus.

Drama in DeFi: Lawsuits, Hacks, and MEV Hits

World Liberty Financial (linked to Trump) sued Justin Sun over tokens and defamation. Sun called it a PR stunt and vowed to fight. Bad optics for the DeFi project.

DeFi hacks rolled on. Wasabi Protocol locked down after an EVM breach. Trusted Volumes lost $5.9M via 1inch. Drift Protocol started user recovery after $295M hack. Kelp DAO blamed LayerZero for $292M loss and switched to Chainlink CCIP. Aave fights a law firm in court over $71M stolen ETH from that hack.

Vitalik Buterin got hit by an MEV sandwich on Ethereum. Bots front-ran his swap, costing him money. It spotlights MEV issues – if the founder can’t dodge it, who can?

Bitmine added 101,000 ETH, but price dips cut holdings value to $13B. Shows risks even for big buyers.

Other Wins: Polygon Privacy, LUNC Burn

Polygon launched private payments for USDC and USDT using zero-knowledge tech. Hide amounts and partners on-chain – smart amid stablecoin scrutiny.

Terra Luna Classic (LUNC) surged 150% in a month. Binance burned 923M tokens, cutting supply as retail hunts recovery plays.

Week in Review: What It All Means

and ETF flows show institutions betting big. MicroStrategy’s earnings could swing prices – hold or sell?

progress is key. Ethics fight with Democrats is next. Pass by July 4? It could be the biggest US crypto law ever.

resets its path. Telegram control is a game-changer.

Hacks remind us DeFi security lags. Legal fights over funds are the new battleground.

What’s Next Week?

1. MicroStrategy Q1 call: Saylor on selling? Huge impact.
2. : Democrats fold or delay?
3. DeFi hacks: Pause or more pain?
4. TON: Pullback or more gains?

Watch these. Bitcoin strength, regulation wins, and TON momentum could drive the next leg up. Stay tuned for updates.

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