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● The week in review

Weekly Recap — 7 Jul–13 Jul 2026

The week opened with Bitcoin consolidating above $63,000 on thin liquidity and closed with the first positive ETF week after eight consecutive outflows — a tentative stabilisation rather than a clean reversal. Beneath the price action, structural changes were accumulating: a US CBDC was quietly banned into law, Ethereum's most ambitious architectural overhaul was proposed, and a sustained shift in cross-chain infrastructure became measurable in the billions. The loudest noise came from Washington, where a turf war over the Strategic Reserve and fresh Senate scrutiny of Trump's crypto earnings reminded markets that the regulatory ground is still moving.

  1. Vitalik Buterin calls for Ethereum's most ambitious rebuild since the Merge.Buterin's ZK-state roadmap redefines Ethereum's technical trajectory for the next three to four years.7 Jul
  2. The US CBDC ban is now law, passing without Trump's signature.A US retail CBDC prohibition became permanent law, structurally clearing the field for stablecoin issuers.11 Jul
  3. Trump's Strategic Bitcoin Reserve is stalled by a Treasury-vs-Commerce turf war.An unresolved Treasury-Commerce turf war has visibly stalled the Strategic Bitcoin Reserve's implementation.7 Jul
  4. Over $7.2B migrates from LayerZero to Chainlink CCIP as Mantle joins.Over $7 billion migrating to Chainlink CCIP marks a durable shift in cross-chain infrastructure market share.10 Jul
  5. BTC and ETH ETFs end an eight-week bleed.Eight consecutive weeks of combined BTC and ETH ETF outflows ended, snapping a $9.46 billion bleed.12 Jul
  6. EU officials consult on expanding MiCA to cover non-EU stablecoin issuers and tokenisation.MiCA 2.0 consultation formally targets non-EU stablecoin issuers, putting Circle and Tether directly in scope.9 Jul
  7. Robinhood Chain goes live as an Arbitrum-based L2 for tokenised equities.A regulated brokerage owning its own L2 settlement layer is a structural step beyond mere product distribution.12 Jul
  8. Kraken wins $22M arbitration against Mazars over abandoned audit.A $22 million arbitration award against Mazars sets the first direct monetary precedent for professional firms that retreated under regulatory pressure.8 Jul