Crypto Tax Break & Policy Shake-Up Could Fuel a Price Breakout

The White House’s proposed tax and spending package clears the way for clearer treatment of lending, yield farming, and staking. Bitcoin briefly slid below $106K as the Senate debated, but snapped back toward $108K on signs lawmakers might revive the amendments. Ethereum surged 6% to over $2,600, with traders betting on smoother staking rules. Solana and mid-cap alts also caught a boost in the upswing.

Gainers & Losers

In the past two weeks, a few tokens saw notable price shifts:

• BONK went up by 53%, helping revive the memecoin craze.


• HFT and PROM both gained 38%, showing steady growth.

There were no catastrophic losses, with WHITE recording the biggest decline of the week at -45.9%.

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What’s Been Moving the Market

The regulatory winds are shifting, and markets are reacting fast. From Solana's ETF-fueled rally to PI’s post-unlock plunge, here’s what’s driving the crypto market right now.

Solana Surges on ETF Hype and Big-Money Buys

Solana just got a boost from multiple fronts. The first-ever Solana staking ETF launched in the US, pulling in over $12 million on day one, while trading volume soared past $33 million. At the same time, DeFi Development Corp and Vault Ventures both announced large SOL purchases as part of their treasury strategies. With institutions stacking and momentum picking up, Solana is already up 1.32% in the last 7 days.

PI Price Dragged Down by a Big Unlock Wave

Amid all the green, there are still some red spots. Pi Network has been struggling these past two weeks, going -9.74% in the last 7 days. The nosedive was likely caused by a sell-off that came after a massive 19.2 million PI tokens (~3.7% of circulating supply) unlock on July 4.

With the predictions that the current bull run might end in 2–3 months, tokens like PI might face a tough stretch. However, there’s still hope: PI’s mining rate just jumped by 0.93%, and the token saw some bullish patterns emerge as the end of the week was closing in.

PENGU Takes Flight: A New Memecoin Mania?

PENGU, the token behind Pudgy Penguins, has surged 65–70% over the past week, breaking the $1 billion market cap mark. On‑chain whale accumulation continues, while analysts eye a breakout toward $0.02–$0.025 if momentum holds. With trading volume topping $500 million, PENGU is proving memecoins can still move markets.

ChatGPT vs X: Which Spots Crypto Trends First?

A new study by Cointelegraph compared ChatGPT and X as early warning systems for crypto narratives… and it’s a split decision. ChatGPT excels at filtering noise, analyzing trends, and highlighting structurally strong narratives. It’s your deep dive researcher. Meanwhile, X crushes it on real-time sentiment: surfacing memes, whale chatter, and influencer buzz, long before mainstream coverage. The caveats? Misinformation wreaks havoc on X, while ChatGPT can lag on breaking news.