Crypto Market Tops $4T as BlackRock, Gemini, Solana, and BNB Make Headlines

The cryptocurrency market has entered another milestone week, with major developments across trading, regulation, and technology. Market capitalization climbed back above $4 trillion, fueled by renewed investor optimism and key announcements.

From BlackRock’s tokenization plans to Gemini’s public debut, the industry is seeing both institutional growth and new risks. Here’s a breakdown of the latest updates shaping the crypto landscape.

Market Capitalization Returns Above $4 Trillion

The total cryptocurrency market capitalization has once again crossed the $4 trillion mark. This surge reflects a mix of strong institutional involvement and growing retail participation. Bitcoin and Ethereum remain the main drivers, but altcoins like Solana and BNB also played a key role. The milestone shows that investors continue to see crypto as a major asset class despite ongoing risks.

BlackRock Plans to Tokenize ETFs

Asset management giant BlackRock is preparing to tokenize its exchange-traded funds (ETFs). Tokenization would allow investors to hold blockchain-based representations of traditional ETFs, making trading more efficient. This move marks one of the strongest signs yet that traditional finance is merging with crypto technology. If successful, it could set the stage for broader adoption of tokenized assets worldwide.

Gemini Goes Public on Nasdaq

Crypto exchange Gemini has officially gone public on Nasdaq, raising $425 million through its IPO. The listing highlights the growing presence of crypto-native companies in traditional markets. With fresh funding, Gemini is expected to expand its product lineup and strengthen compliance efforts. The IPO also signals increasing confidence in regulated exchanges among investors.

Tether Launches US-Compliant Stablecoin

Stablecoin issuer Tether introduced a new product called USA₮, designed to comply with US regulations. Former NFL player Bo Hines has been appointed to lead the initiative. Tether aims to position USA₮ as a trusted option for users concerned about regulatory clarity. This step could also help Tether strengthen its influence in the American financial market.

Solana Hits Nine-Month High

Solana’s price surged above $220, reaching its highest level in nine months. At the same time, the network’s total value locked (TVL) climbed to a record $12.1 billion. The rise highlights Solana’s growing role in decentralized finance (DeFi) and NFT activity. Strong developer activity and new dApps have boosted investor confidence in the ecosystem.

BNB Reaches New All-Time High

BNB, the native token of Binance, hit a new all-time high above $900. The rally came shortly after Binance announced a partnership with asset manager Franklin Templeton. The deal is seen as a major step toward institutional adoption of crypto. This momentum shows that BNB remains one of the most influential exchange tokens in the market.

Dormant Bitcoin Holder Moves $26.5 Million

Another early Bitcoin holder has moved coins for the first time in 13 years. The wallet shifted 232 BTC, worth around $26.5 million, to a new address. Such movements often spark speculation about long-term holders cashing out or repositioning their assets. It also highlights the resilience of Bitcoin addresses created in its early years.

Hack Targets THORChain Founder’s Wallet

Hackers compromised the personal wallet of a THORChain founder, stealing around $1.2 million. The attack is the latest reminder of ongoing security risks in the crypto space. While THORChain itself was not affected, the incident raised concerns about personal wallet safety. Experts urge users to strengthen security practices, especially with large holdings.

ModStealer Malware Targets Wallet Data

A new malware called ModStealer has been discovered targeting crypto wallet data. It spreads through malicious downloads and phishing campaigns. Once installed, it attempts to extract private keys and sensitive login information. The discovery highlights the need for users to maintain strict cybersecurity hygiene when managing digital assets.

US Credit Union to Launch Stablecoin

A credit union in Minnesota is preparing to launch a stablecoin, marking the first such initiative in the US. The token will be used to improve settlement efficiency and provide members with faster transactions. This development shows how smaller financial institutions are exploring blockchain technology. If successful, it could inspire other regional banks and credit unions to follow suit.

About Paybis

Paybis is a global cryptocurrency exchange platform that provides fast, secure, and user-friendly digital asset transactions. Founded in 2014, the company specializes in fiat-to-crypto and crypto-to-fiat conversions, enabling users to buy, sell, and swap Bitcoin, Ethereum, and other cryptocurrencies using various payment methods, including credit/debit cards, bank transfers, and e-wallets.

With a strong focus on security and compliance, Paybis is registered with regulatory authorities and implements industry-leading AML/KYC procedures. The platform is known for its intuitive interface, 24/7 customer support, and competitive exchange rates, making it a preferred choice for both beginners and experienced traders.

Final Thoughts

The crypto industry is entering a period of renewed growth and innovation, with market cap levels, token launches, and institutional moves making headlines. From BlackRock’s tokenization plans to Gemini’s IPO and the rise of Solana and BNB, momentum is building on multiple fronts. At the same time, risks like wallet hacks and malware remain a constant threat. As regulation and adoption evolve, the balance between growth and security will continue to define the market’s next chapter.

Written by

Rem Vasilenko

Rem Vasilenko is a Growth Operations Manager at Paybis. With a keen interest in FinTech, Rem brings a unique perspective to the evolving digital finance landscape. He combines his passion for FinTech with his marketing and business skills to drive innovative strategies. Find him on LinkedIn.