Crypto Market Cap Tops $3tn in 6-Week High as Altcoins Catch Up

By Shikha Singh

Crypto Market Cap Tops $3tn in 6-Week High as Altcoins Catch Up.

Cryptocurrency markets are showing strong recovery, with total market capitalization surpassing $3 trillion for the first time since March, driven by over $500 billion in inflows since April 9.

Bitcoin continues to lead the charge, reaching $93,700, while altcoins also see gains, with Ethereum rising 13.5%, Dogecoin gaining 12.7%, and Cardano up 10%.

Despite Bitcoin’s dominance at 64.4%, signaling altseason is not yet here; the market sentiment is shifting to greed.

Spot Bitcoin ETFs have seen over $1 billion in inflows this week, indicating growing investor confidence. The recovery comes amid mixed signals from U.S. President Trump on trade tariffs and Federal Reserve policy.

SEC Exposes Fake Crypto Trading Platform That Cost Investors $198mn.

The SEC has charged Ramil Palafox, the man behind PGI Global, for orchestrating a $198 million crypto scam. From January 2020 to October 2021, Palafox misled investors with promises of high returns from crypto and forex trading, using a Ponzi scheme to pay earlier investors with new funds.

He misappropriated over $57 million to fund a lavish lifestyle, including luxury cars and homes. The SEC has charged Palafox with violating anti-fraud and securities laws, seeking penalties and the return of ill-gotten gains. He also faces criminal charges. This case highlights the SEC’s commitment to regulating fraudulent activities in the crypto industry.

User Growth on Aptos Proves Fleeting as Active and New Addresses Plunge Over 40%.

Aptos is seeing a sharp decline in user activity, with the seven-day moving average (7DMA) of active addresses dropping to a yearly low of around 644,000 — down over 40% since its February 1 peak of 1.56 million.

Similarly, new addresses have fallen over 80% from a high of 525,000 on the same date. This implies that short-term or low-value users, like bots or airdrop hunters, drove the prior growth more than sustainable, engaged participants. Reflecting this trend, the APT token has dropped over 35% since February 1.

Polygon NFTs Overtake Ethereum Collectibles in 7-Day Sales.

Polygon-based NFTs surged 20% in sales over the past week, surpassing Ethereum to reach $22.3 million in volume, representing 24% of total NFT sales, which amounted to $92.9 million.

The surge was driven by the success of the Courtyard NFT collection, an RWA marketplace for tokenized physical card collections like Pokémon and sports cards, which saw $20.7 million in sales. Polygon also saw an 81% increase in NFT buyers, totaling over 39,000.

Ethereum ranked second in sales with $19.2 million, followed by Mythos Chain and Bitcoin-based collections. The rise of tokenized real-world assets is becoming a strong trend in the NFT space.

XRPL Foundation Discloses ‘Serious Vulnerability’ in Recently Updated Version of XRPL JavaScript Library.

The xrpl.js JavaScript library, which interacts with the XRP Ledger, has a security vulnerability that could potentially enable a supply chain attack.

The issue, identified by Charlie Eriksen of Aikido Security, could allow attackers to steal private keys and access users’ wallets.

The vulnerability was found in the latest versions, prompting the XRP Ledger team to release updated versions to mitigate the risk.

The Node Package Manager (NPM) introduced the backdoor, which could impact third-party services that upgraded to the compromised versions.

Engineers at XRP Ledger have advised users to upgrade immediately and replace any compromised keys. No confirmed impact has been reported yet.

BMW to Use DeepSeek AI in its Cars in China.

BMW has announced plans to integrate AI from Chinese firm DeepSeek into its vehicles in China, joining other automakers like Geely, Zeekr, and Dongfeng.

The move, revealed at the Shanghai Auto Show by BMW CEO Oliver Zipse, follows Zeekr’s recent integration of DeepSeek-R1 for smart cockpit features.

Geely is also utilizing DeepSeek’s AI in a full-domain smart vehicle system, which includes voice models and intelligent driving technology.

Globally, major automakers such as Toyota, VW, Ford, GM, and Mercedes-Benz are incorporating AI for infotainment, navigation, and driver assistance.