$TRUMP Launch, Crypto Shifts, BTC & SOL ATHs and ETF Volumes

We unpack the explosive market moves as Bitcoin hits a new all-time high of $110K and Solana reaches $293 as crypto welcomes President Trump. TRUMP Coin’s debut contributed to the market frenzy, while COIN50 posted an impressive 8.74% weekly gain, signaling strong momentum as new users flood into the crypto space.

We provide a financing overview, highlighting DeFi lending growth on Solana, funding rate fluctuations, and weekend liquidations. Onchain activity breaks records with DEX volumes at all-time highs, despite some network degradation and Ethereum’s leadership reshuffle. The team also runs through Coinbase’s partnership with Morpho in the U.S. that now allows clients to take USD loans using DeFi protocols secured by their Bitcoin, marking a significant innovation in crypto-backed lending.

ETF inflows soar with $2B in Bitcoin ETFs and $213M in Ethereum ETFs, alongside MicroStrategy’s bold addition of $1.1B in BTC.

On the macro front, we preview the upcoming Fed meeting and discuss its implications for crypto markets.

Topics Covered:

• Market Highlights: BTC & SOL ATHs, Trump Coin launch, and COIN50’s strong performance.
• Financing Trends: DeFi lending on Solana and funding rate insights.
• On-Chain Activity: Record DEX volumes, network challenges, and Ethereum’s leadership changes.
• ETF and Corporate Moves: Large inflows and MicroStrategy’s BTC holdings.
• Macro Preview: Key updates ahead of the Fed meeting.

Links:

• Coinbase Research
• 2025 Crypto Outlook
• Liquid Staking Webinar

Host:
 Ben Floyd, Head of Execution Services
Panelists:
 David Duong, Head of Institutional Research
 David Han, Research Analyst
Zaid Khan, Head of EMEA Financing