Bitcoin becomes 5th global asset ahead of “Crypto Week,” flips Amazon: Finance Redefined

Key Points

1. Bitcoin's market capitalization surpassed $2.4 trillion, overtaking Amazon ($2.3T), Silver ($2.2T), and Alphabet ($2.19T), and is now the fifth-largest global asset.

2. The U.S. House passed three key crypto regulatory bills: the CLARITY Act, the GENIUS Act, and an Anti-Industry bill, signaling regulatory momentum for cryptocurrencies.

3. Grayscale submitted a confidential IPO filing with the SEC, following Circle's successful $1.05 billion IPO, potentially sparking a renewed crypto IPO season in 2025.

4. Trump-backed World Liberty Financial (WLFI) tokens will become tradable after a governance vote, with 99.94% approval, though full unlock details are pending.

5. DEX trading volume surged 25% in Q2 2025, while CEX volume dropped 28%, pushing the DEX-to-CEX ratio to a record high of 0.23, though CEXs still dominate overall volume.

6. BTCFi (Bitcoin-based DeFi) TVL grew 22x to $7.05 billion in 2024, but trust remains an issue, with 36% of respondents avoiding it due to lack of trust and 25% due to risk concerns.