Bitcoin Reaches New Heights as Treasury Investments Surge

This week marked a significant milestone for bitcoin, which reached a new all-time high of over $118,000, driven by substantial ETF inflows and a whopping $280 million in fresh bitcoin treasury investments. Meanwhile, treasury projects for Ethereum and Solana are also gaining traction, with notable investments including Joseph Lubin's SharpLink ETH treasury purchasing 10,000 ETH and Bitmine announcing plans to raise $2 billion for additional ETH acquisitions. As a result, large-cap alternative cryptocurrencies like ETH and SOL have approached year-to-date highs, boosting other promising projects like SUI. The crypto market appears to be thriving ahead of impending legislation and influx of investments from new institutional sources. The US House is set to review the Senate's version of the GENIUS stablecoin bill, paving the way for its final passage, while industry leaders convene on Capitol Hill to advocate for a comprehensive 'Market Structure' bill. However, not all players in the space had a smooth week, with Robinhood facing scrutiny over its tokenized stock plans and a lawsuit from the Florida AG alleging deceptive crypto pricing practices. The Trump family's crypto ventures remained in the spotlight, with Trump Media submitting a multi-asset ETF application and Tron founder Justin Sun investing $100 million in $TRUMP, vowing to propel the memecoin to new heights in Asia and Africa. The upcoming 'Crypto Week' promises to be a historic moment for crypto news, with the House considering stablecoin and market structure legislation and the Senate scheduled to hold a hearing on digital asset taxation, marking a potential turning point for the industry.