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ETH flexed its strength, whales rattled market liquidity, MetaMask bridged into Web2, while SWIFT and Google quietly tested their own blockchains. These aren’t background stories, they’re the rules of global finance being rewritten in real time. This is your Weekly Web3 Digest from Magnet — a snapshot of the moves, signals, and shifts shaping where crypto is heading next.
Public companies now hold close to 1M $BTC, drying up exchange liquidity to levels not seen since 2018. Less than 15% of total BTC is actually available to trade, meaning even small inflows or sell-offs can swing the market hard. That risk became reality when one whale unloaded 24,000 BTC (~$2.7B) in a single move. The sell-off pushed BTC down to the $109K–110K range and wiped out over $550M in longs. Bitcoin might be bigger than ever, but when whales play, everyone feels the splash.
Ethereum smashed its old 2021 record, hitting between $4,945–4,955, with market cap brushing close to $600B. The move was powered by ETF inflows, institutional buying, and Powell’s dovish tone that lit up macro markets. Even after a quick correction back to around $4,390, analysts are still eyeing $7,000 ETH by year-end, because an $ETH ETF with staking potential is now on the table, and liquidity across L2s and DeFi is looking healthier than ever.
MetaMask is making onboarding a lot easier with a new social login option - letting users create or recover wallets with Google or Apple IDs. For newcomers, this means no more sweating over seed phrases, just log in like any Web2 app. But there’s a catch: lose access to your Google or Apple account, and your wallet goes with it. While this lowers the entry barrier for mass adoption, purists worry it blurs the line between decentralization and convenience. In short: onboarding just got smoother, but security hygiene matters more than ever.
The global payments giant SWIFT ran tests with XRP Ledger and Hedera Hashgraph to explore settlement solutions for its $150 trillion-a-year payment system. The tests were based on ISO 20022 standards, the same model used by banks worldwide. If successful, this could mean real blockchain rails plugged directly into traditional finance. For XRP and Hedera, it’s validation that their tech has real-world utility beyond speculation. It’s still early days, but it isn’t sci-fi anymore.
Google Cloud, in partnership with CME Group, is piloting a new Layer-1 blockchain called Universal Ledger (GCUL). Unlike public chains, it’s permissioned and neutral, designed to handle tokenized assets and high-volume institutional payments. Google is pitching it as scalable, bank-friendly infrastructure rather than a wild-west crypto playground. Whether it catches on remains to be seen, but one thing is clear: Google isn’t sitting on the sidelines of blockchain.
🧲 The industry is rewriting itself in real time. Blink and you’ll miss it, but stay tuned and you’ll catch where the future of blockchain is being built. What feels like noise today will set the standards tomorrow. Stay sharp, stay plugged in, and don’t just watch the shift — be part of it.
