Trakx Weekly Update: A Sea Of Green

Key Crypto Market Figures

CTIs Weekly Performance

Digital asset prices saw strong gains over the past week, with our flagship large-cap Top10 Crypto CTI climbing 13%. Leading the pack, however, was the Recovery CTI, which surged 22%. Close behind were the Cardano Ecosystem and Meme CTIs, each posting impressive rallies of over 21%. In contrast, the weakest performer was the more defensive Inflation Hedge CTI—but even it managed a positive return of over 1% for the week.

“Crypto Week”

After several weeks of consolidation within the $100,000–$110,000 range, Bitcoin finally broke out to the upside, reaching a new all-time high above $122,000. Fuelling the rally was growing optimism around the upcoming “Crypto Week,” officially recognized by the US House of Representatives. During this period, lawmakers are set to debate three major pieces of digital asset legislation: the Anti-CBDC Surveillance Act, the CLARITY Act, and the GENIUS Act, the latter of which has already passed the Senate. According to a press release, these bills aim to support President Trump’s vision of establishing the US as the global hub for cryptocurrency. While it remains unlikely that all three bills will pass within a single week, “Crypto Week” marks a clear shift toward a more constructive and coordinated US policy on digital assets, raising hopes for long-awaited regulatory clarity. Thanks to the breakout, Bitcoin is now the world’s fifth-largest asset by market capitalization, surpassing Amazon to reach a valuation of $2.4 trillion.

UK Caution On Stablecoins

Unlike the US, which is advancing legislation to regulate stablecoins, Bank of England Governor Andrew Bailey last week warned against commercial banks issuing their own stablecoins due to concerns about financial stability, consumer protection, and monetary sovereignty. Instead, he advocated for tokenized bank deposits—digital representations of traditional deposits managed within the existing regulatory framework—as a safer and more reliable alternative. Bailey’s remarks carry additional weight given his role as chair of the Financial Stability Board, an international body that overseas the global financial system. His comments highlight the growing divergence in regulatory approaches worldwide on how best to integrate digital assets into the financial system while ensuring proper oversight and control.

Pump Priming

Pump.fun, the meme coin launchpad, conducted its ICO over the weekend, initially offering 150 billion PUMP tokens for sale to the public (180 billion were allocated to institutions via private sale). Of the remaining 670 billion tokens (from a total supply of 1 trillion), 24% were allocated to community initiatives, 10% reserved for liquidity provision and the platform’s foundation, and the rest split between the Pump.fun team (20%) and existing investors (13%). According to the founders, the capital raised will support the platform’s efforts to enhance the “quality, sustainability, and diversity” of tokens launched on Pump.fun, while also expanding its PR and social media reach—an essential driver of success in the meme coin ecosystem, where virality often determines returns. Although US and UK investors were excluded, the ICO—ultimately scaled down to 125 billion tokens for undisclosed reasons—raised $500 million in just 12 minutes. The sale implies a $4 billion valuation for the platform that generated over $700 million in fees last year.

Sources: Trakx, Coingecko, Alphavantage

Market Trends

• Bitcoin, Ether Traders Bet Big With Tuesday’s U.S. Inflation Data Seen as Non-Event: Coindesk
• Move over, big, beautiful bill: Crypto Week is coming: Blockworks
• Bank of England boss warns banks against issuing stablecoins amid global scrutiny: TheBlock
• Pump.fun ICO raises $500m in minutes after quiet token allocation scale-back: DLNews
• Dogecoin Barks Up Huge Gains as Meme Coin Traders Await Pump.fun Token Sale: Decrypt
• Snoop Dogg’s Telegram ‘gifts’ sell out in 30 minutes: NFTs back?: Cointelegraph

Trakx CTIs Performance

Sources: Coingecko and AlphaVantage

*Return of bitcoin is calculated since 01/05/2020, while CTIs performances were calculated since their respective launch date.
**Includes simulated performance.
***The risk signal is determined according to the historical volatility level, the higher the riskier.

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Disclaimers: No Investment Advice. Index returns and statistics are for illustration only. Index returns do not reflect any transaction costs or expenses. Past performance does not guarantee future results. The information provided in this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Trakx.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Readers shall conduct their own due diligence and consult their financial advisors before making any investment decisions.