Crypto Weekly Wrap: Bitcoin Dominance Falls as Altcoins Post Double-Digit Gains

Grayscale isn't happy with the SEC—again. The asset manager's legal team publicly criticized regulators for delaying approval of its Digital Large Cap Fund (GDLC) to trade as an ETF on the NYSE. This fund bundles major cryptocurrencies like Bitcoin and Ethereum, and Grayscale's been fighting an uphill battle to get crypto products to market.

Editor’s Note: This isn't just bureaucratic red tape—it's part of a bigger tug-of-war between crypto firms and wary regulators. Every delay makes it harder for everyday investors to access crypto through familiar tools like ETFs, and Grayscale’s pushback shows the industry’s frustration. If the SEC keeps stalling, it could slow down crypto’s integration into mainstream finance.

Arthur Hayes, the former BitMEX CEO and crypto heavyweight, is making big moves ahead of what he predicts will be a massive altcoin season. His investment fund, Maelstrom, is aggressively buying up altcoins—basically "backing up the truck," as he puts it—signaling strong confidence in a coming surge. Hayes has a track record of bold calls, so when he goes all-in, people pay attention.

Editor’s Note: If you're into crypto, Hayes' move is a big deal. He’s not just talking—he’s putting serious money behind his bet that smaller cryptocurrencies (altcoins) are about to take off. Whether you agree with him or not, his actions could influence market sentiment and even trigger more investor interest in alts. It’s a high-stakes gamble, but if he’s right, it could mean major gains for those who follow the trend.

A crypto investor using the handle Rick Primes shared a wild story on X: they once held a jaw-dropping 2.1% of all Shiba Inu (SHIB) tokens—worth a potential $882 million at peak—but sold way too early, missing out on life-changing gains. It’s the ultimate "what if" tale in the volatile world of meme coins.

Editor’s Note: This story hits hard for anyone who’s ever second-guessed an investment. It’s a cautionary reminder of how unpredictable crypto can be—even a small timing misstep can turn a fortune into a "could’ve been." For SHIB fans, it’s also a peek into how early whales shaped the token’s chaotic rise.

While Western markets obsess over speculative memecoins and ETFs, Africa is quietly laying the groundwork for something far more substantial—real-world blockchain solutions that address everyday challenges. From decentralized finance (DeFi) for the unbanked to supply chain transparency, African innovators are leveraging blockchain to build resilience in economies often overlooked by global tech trends.

Editor’s Note: This isn’t just another crypto hype story—it’s a reminder that blockchain’s real value might emerge where it’s needed most. While the West plays financial games, Africa is turning the tech into a tool for economic empowerment. That shift could redefine who leads the next phase of blockchain’s evolution.

US Senator Cynthia Lummis criticized the Federal Reserve's recent crypto decision as "just lip service," arguing it doesn't represent real progress. Meanwhile, SEC Chair Paul Atkins spoke at an agency roundtable, and Circle executive Dante Disparte denied rumors about the company seeking a US federal bank charter. The crypto industry's optimism over softened Fed guidance may be premature, according to Lummis.