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🌙 Crypto Market Rises as US Labor Market Remains Resilient

Bitcoin tags $110,000 as investor sentiment improves following positive jobs data.

Author

Mike Gavela
July 03, 2025

In partnership with

Crypto Roundup - July 3

Crypto markets edged upward as U.S. job data pointed to a resilient labor market, reinforcing hopes for a soft economic landing. Meanwhile, political developments continued to influence investor sentiment, with former President Trump’s new tax proposal advancing in Congress. On the corporate front, Tom Lee’s firm Bitmine saw astronomical gains after embracing Ethereum-based treasury strategies, though analysts caution that recent volatility—like the sharp drop in Sharplink shares—may signal underlying instability in speculative assets.

Top Stories

  • Crypto market rises on strong U.S. labor market data, boosting confidence in a soft landing narrative.

  • Trump's new tax bill passes House vote, fueling market speculation on fiscal policy impacts.

  • Bitmine surges 3000% after ETH treasury shift, but Sharplink’s crash raises caution flags.

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TOP STORIES

Crypto Market Rises as US Labor Market Remains Resilient - "The Defiant"

Bitcoin tags $110,000 as investor sentiment improves following positive jobs data.

thedefiant.io/news/markets/crypto-market-rises-as-u-s-labor-market-remains-resilient

Trump’s ‘Big Beautiful Bill’ clears Congress after narrow House vote, what could this mean for Bitcoin?

Trump's spending bill passes the final House vote, includes tax cuts and spending hikes, with projections of rising national debt.

cryptobriefing.com/trump-tax-bill-congress-vote

Ethereum Treasury News: Bitmine Immersion (BMNR) Skyrockets 3,000%, But There Are Risks

Sharplink Gaming skyrocketed over 4,000% following its $450 million fundraising announcement, only to plunge 90% in the next few weeks.

www.coindesk.com/markets/2025/07/03/tom-lees-bitmine-surges-3000-since-eth-treasury-strategy-but-sharplinks-plunge-warrants-caution

FUNDRAISING

Multicoin Capital

The first large scale P2P application on the Internet was Napster (email/SMTP was designed to be P2P and self-hosted, but in practice ended up federated).

multicoin.capital/2024/09/16/p2p-pipes

OTHER HEADLINES

Russian insurance firms unveil investment life policies tied to Bitcoin

Russian policyholders can protect their initial capital while tapping into Bitcoin's potential gains through innovative investment.

cryptoslate.com/russian-insurance-firms-unveil-investment-life-policies-tied-to-bitcoin

Polymarket Caught in Crossfire Over Zelenskyy Suit Bet - "The Defiant"

A simple bet on whether the Ukrainian President would wear a suit has turned into a messy showdown on the leading prediction market.

thedefiant.io/news/defi/polymarket-caught-in-crossfire-over-zelenskyy-suit-bet

Sui Reclaims $3 After Week-Long Rally Sparked by Lion Group’s Treasury Plans

The native token of the Sui network is up 15% over the past 7 days.

www.coindesk.com/markets/2025/07/03/sui-reclaims-usd3-after-week-long-rally-sparked-by-lion-group-s-treasury-plans

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