Bitcoin & Crypto Daily Digest – 2025-07-29
Market Sentiment: mixed
Crypto-native capital ceiling hit; altcoins struggling. Total alt market cap stagnant at $1.2T since Q4 2021. Institutional capital needed for quality tokens; DATs as a bridge. Only ~10 tokens have defensible business models. Vapourware with no revenue = worthless. Ethena's USDe model may attract institutional interest. TIBBIR pumping hard, eyes on 0.1100 resistance. Crypto Punks IP ownership by Micky Malka hints at big moves.
Key Narratives
- Digital Asset Treasuries (DATs)
- Quality over quantity
- Institutional capital influx
- Crossover between crypto and lifestyle choices.
- Diet and fitness influencing trader mindset.
Coins in Focus
Ribbita, Crypto Punks, Ethena, TIBBIR, ENA