Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

The UK government plans a Bitcoin sale of over $2.5 bn in seized BTC by mid-2024 to help cover a widening budget deficit. Managed by the National Crime Agency, these digital assets were confiscated from money laundering and fraud investigations. Proceeds will be directed to HM Treasury. This Bitcoin sale will be conducted through phased auctions and over-the-counter (OTC) deals to limit market volatility. Officials highlight benchmarks such as the US Department of Justice’s Bitcoin auctions. Earlier efforts to award a sales management tender failed after no firms bid for the contract. Traders should watch for heightened sell-side pressure on BTC prices and monitor the staggered release schedule. Closer UK–US regulatory cooperation may influence market stability. This landmark seized Bitcoin sale underscores growing government use of crypto assets for fiscal management and could set a global precedent.

Ethereum price recently climbed above $3,800 for the first time since December 2024, driven by a broader altcoin rally and growing DeFi adoption. Over the past week, the Ethereum price rose from $3,600 to a peak above $3,800 before settling at $3,763, marking a 6.14% 24h surge and its highest level since 2025. The Altcoin Season Index hit 47 as total altcoin market cap reached $1.55 trillion. Analysts, led by Dutch trader Gert Van Lagen, apply Elliott wave theory to view this upswing as the final wave of a multi-year bull cycle and forecast a potential peak at $10,000. Market confidence is supported by rising network activity, sustained DeFi usage, and upcoming upgrades. Traders should monitor on-chain metrics such as daily active addresses and total value locked (TVL) in DeFi. Minor retracements may offer buying opportunities before a possible last leg up. This surge underscores Ethereum’s resilience, its 11.1% market share, and its central role in decentralized finance. It has implications for broader crypto market dynamics and risk management strategies.

President Donald Trump has signed the GENIUS Act into law, creating the first clear U.S. regulatory framework and sandbox for stablecoin issuers and blockchain startups. The Act directs federal agencies to align digital asset standards, aiming to boost DeFi innovation and reinforce the U.S. dollar’s role in the digital economy. In a separate incident, exchange BigONE suffered a $32 million USDT hack on July 15. Attackers drained funds from hot wallets, prompting BigONE to suspend withdrawals and launch a forensic audit. The breach highlights ongoing security risks for traders and platforms. Market response was mixed. Bitcoin (BTC) rallied 6% to a three-month high, while Ethereum (ETH) developers confirmed the Shanghai upgrade for Q4 2023. Meanwhile, the U.S. SEC proposed stricter stablecoin reserve rules. Traders should watch for volatility as the GENIUS Act’s regulatory clarity may attract institutional inflows, but security concerns and CBDC debates could temper short-term sentiment.

On-chain data show a whale accumulated 1,074 WBTC four years ago. In the past hour, the address moved 90 WBTC. At the current price of about $32,000 per token, this transfer could realize roughly $9.65M in profit. Wrapped Bitcoin (WBTC) is an ERC-20 token pegged to Bitcoin (BTC). This profit-taking move may introduce short-term selling pressure on WBTC and the wider crypto market. Historical whale sell-offs often trigger brief price dips. However, this 90 WBTC sale represents a small fraction of total WBTC supply. Traders should monitor order books and on-chain flows for further insights and to gauge market sentiment.

President Donald Trump signed the GENIUS Act into law on June 12, 2024, creating the first major US crypto regulation framework for digital assets. The GENIUS Act defines cryptocurrency classifications, mandates stablecoin issuers to hold 100% reserves in cash or liquid securities, requires regular audits, and enforces AML and KYC standards. It grants joint enforcement power to the SEC and CFTC, with Treasury overseeing national security and sanctions, and establishes a Digital Asset Innovation Office to foster industry collaboration. Following the signing, the SEC’s Crypto Task Force invited public feedback on drafting detailed rules under the GENIUS Act, covering stablecoin issuance standards, custody requirements, disclosure obligations, and market-structure rules for trading and clearing. By engaging stakeholders early, the SEC aims to build transparent, actionable crypto regulation that supports innovation, reduces legal uncertainty, and bolsters market stability.

The CoinDCX hack saw attackers exploit an undisclosed internal wallet to steal $44.2 million via a sophisticated cross-chain exploit. The hack involved Tornado Cash to obfuscate origins and multiple Solana-to-Ethereum bridges to launder funds. CoinDCX chief Sumit Gupta confirmed the breached account served only partner liquidity provisioning and that user assets remain secure. Operations continue normally, while cybersecurity firms and regulators investigate the breach. This incident exposes vulnerabilities in cross-chain liquidity management and hot wallet security. Traders should monitor CoinDCX updates, reassess exchange risk, and advocate stronger internal controls, real-time monitoring and robust bridging protocols.

Cardano whale activity surged within 24 hours as over 137 ADA transactions each exceeded $1 million, signaling renewed institutional interest. ADA has rallied 75% since late June, climbing from $0.50 to a 20-week high of $0.896 before a mild pullback to $0.816. Technical analysis shows a breakout from a weekly bull flag and the 50-day and 200-day SMAs flipping to support, setting a measured target near $2.70. Traders should monitor Cardano whale activity and transaction volume closely, as large inflows can fuel further upside or trigger profit-taking. Continued network upgrades and steady institutional flows support the bullish outlook, but market volatility demands prudent risk management.

In the past 24 hours, crypto futures liquidations have surged past $580 million, driven by both forced long-position closures and massive short squeezes. Initial extreme volatility forced the closure of highly leveraged ETH, BTC and XRP longs, resulting in $270 million in liquidations—led by Ethereum ($151 M) and Bitcoin ($76 M). A subsequent market rally sparked short squeezes that liquidated $311 million in shorts on Binance, OKEx and Bybit. These crypto futures liquidations highlight the dangers of high leverage amid rapid price swings and funding-rate imbalances. Traders faced margin calls as funding rates spiked, triggering liquidation cascades on both sides. Key risk-management strategies include using stop-loss orders, monitoring open interest and funding rates, managing leverage prudently, and diversifying portfolios. While these events can trigger sharp sell-offs followed by rebounds—offering buying opportunities for well-capitalized traders—they also reaffirm the importance of disciplined risk controls. As volatility persists, traders should balance the allure of amplified profits with the threat of rapid capital loss.

Cardano (ADA) saw a 92.4% surge in trading volume to $4.53 billion amid bullish derivatives flows. Futures open interest rose 12% to $1.45 billion, funding rates climbed to 0.0285, and the Binance ADA/USDT long/short ratio hit almost 3:1. These factors pushed ADA to an intraday high of $0.8601, up 4.6%, with a positive MACD. Yet an unprecedented 1 512% liquidation imbalance wiped out $13.08 million of long positions and $764 060 of shorts as prices tumbled to $0.8008. ADA now trades at $0.8208, down 3.64%, with RSI overbought near 78 and trading volume down 48% to $1.72 billion. This RSI overbought condition signals waning momentum and a short-term pullback. Traders will watch ADA’s integration into Blockchain.com’s DeFi Wallet—opening access to 37 million users—as a bullish catalyst if volume recovers toward the $1 mark.

21Shares and Teucrium have filed two crypto ETF proposals with the SEC under the Investment Company Act of 1940: the FTSE Crypto 10 Index ETF to track a market-cap-weighted basket of the top ten digital assets, and the FTSE Crypto 10 ex-BTC Index ETF excluding Bitcoin to focus on leading altcoins. The filings leverage recent regulatory clarity from the GENIUS Act and mirror the structure of Rex-Osprey’s Solana staking ETF. Institutional demand for crypto ETFs remains strong: spot Bitcoin ETFs garnered $799.4 million in net inflows on July 16 and over $53.8 billion cumulatively, while Ethereum ETFs set a one-day record with $726.7 million. Analysts expect these SEC filings to broaden U.S. investor access to crypto ETFs, enhance portfolio diversification, and further integrate digital assets into traditional finance.

Mastercard has launched a dedicated stablecoin infrastructure to accelerate the adoption of stablecoins across its global payments network. The new stablecoin infrastructure offers compliant, scalable tools that enable issuers such as USDC, PAX and BUSD to integrate directly with Mastercard rails. Built on Ethereum-based token standards and real-time payment protocols, the platform streamlines issuance, settlement and merchant acceptance across 2.7 billion cards in over 90 countries. By reducing technical barriers and compliance overhead, this turnkey solution supports use cases from cross-border remittances and payroll to everyday retail payments. Leveraging recent regulatory clarity and institutional investment, Mastercard aims to boost market confidence and drive mass adoption of crypto-backed digital money.

BitMine Immersion Technologies, led by chairman Thomas Lee, built a $1 billion Ethereum treasury in just seven days. The Nasdaq-listed firm acquired over 280,000 ETH, becoming the largest publicly traded corporate holder. Backed by Pantera, FalconX, Kraken and Peter Thiel’s Founders Fund, BitMine now aims to secure 5% of Ethereum’s circulating supply—about 6 million ETH. Lee points to surging stablecoin adoption, rising corporate staking demand and upcoming network upgrades as key bullish drivers. He describes stablecoins reaching a “ChatGPT moment” that will boost transaction fees and staking yields. This aggressive Ethereum treasury and staking strategy follows MicroStrategy’s Bitcoin playbook but focuses on ETH. Crypto traders should watch BitMine’s Ethereum treasury build-up and its potential to tighten ETH supply. Added buying pressure may increase short-term volatility and support long-term price appreciation.

Cryptocurrency market value tops $4 trillion as Ethereum leads a rotation into higher-beta altcoins. Shiba Inu (SHIB) has formed a bullish golden cross and seen rising volume but remains 25% below last year’s highs, with meme-coin sentiment cooling after a lukewarm breakout. Trump Coin has lost steam despite Justin Sun’s $100 million pledge, underscoring trader fatigue with political hype. Remittix (RTX) emerges as a top pick for traders seeking real-world utility. The PayFi protocol offers instant, fee-free crypto-to-fiat conversions in 30 + currencies, targeting 1.4 billion unbanked users and supporting microtransactions via its developer-friendly Pay API. Strong presale momentum and expected Q3 exchange listings fuel a bullish outlook for Remittix.

Bitcoin surged to a new all-time high of $123K and is consolidating near $118K. Galaxy Digital’s Michael Harvey sees another record by July if U.S. spot ETFs draw inflows, treasuries accumulate, and retail demand rises. However, profit-taking and equity weakness could trigger a 5–10% pullback toward $110K. On-chain metrics, including a low Short-Term Holder MVRV, still point to upside above $140K. Chart analysis highlights open 4-hour fair value gaps at $111K and a CME gap at $114K–$116K. These gap fills may act as selling magnets, risking a drop to $111K support. Traders should watch gap levels and the $110K–$111K zone, while strong buyer volume and a Greed-index in ‘Greed’ indicate potential defence by bulls.

Over the past two weeks, on-chain analytics firms report investors have executed ETH withdrawals totalling over 300,000 ETH (approx. US$600 million) from centralized exchanges. Earlier in this period, an unidentified whale moved 6,137 ETH off Kraken, highlighting a broader trend of accumulation into cold wallets. Binance and Coinbase led net outflows, while staking services like Lido saw rising ETH deposits. These ETH withdrawals have reduced exchange liquidity and sell-side pressure, a pattern that historically precedes bullish price trends. Traders should monitor ongoing ETH flows and whale movements as key indicators of market sentiment and potential short- and mid-term volatility.

An Ethereum whale acquired 18,557 ETH for about $64 million over two days, averaging $3,451 per token. On-chain analysis shows the investor transferred 47.28 million USDT from Crypto.com and Cumberland to complete the purchases. Following these ETH acquisitions, the Ethereum whale used Aave to borrow 16.75 million USDT against ETH collateral, boosting holdings to roughly 38,000 ETH (worth around $135 million). This large-scale ETH accumulation signals strong market confidence and reduced circulating supply, likely supporting bullish momentum in both the short and long term.

El Salvador has halted Bitcoin purchases since December 2024, according to a July 2025 IMF Article IV Consultation report. Under a $1.4 billion IMF Extended Fund Facility, the government agreed to limit public-sector crypto activity and prioritize fiscal stability. On-chain data show no new BTC acquisitions; recent wallet movements were internal transfers, not fresh buys. In January 2025, Bitcoin lost its legal tender status in El Salvador. The state-backed Chivo Wallet will be privatized by the end of July. Authorities also plan to dissolve the Fidebitcoin trust and enhance transparency of state-owned enterprises. This shift in El Salvador Bitcoin policy could reduce demand for BTC and weigh on market sentiment in the short term. Traders should adjust their models to reflect corrected on-chain data and anticipate lower fiscal risk from public Bitcoin purchases.

Barstool Sports founder Dave Portnoy sold his XRP at $2.40 two weeks ago, only to watch the token surge over 50% to a record high above $3.60. As of now, XRP trades near $3.40, up 25% in seven days and boasting a market cap above $200 billion. Portnoy blamed a tip-off fearing competition from Circle’s USDC, echoing an earlier exit from the GREED meme coin. The rally is driven by U.S. crypto legislation, notably the GENIUS Act backing Ripple’s RLUSD stablecoin, and the prospect of an executive order unlocking a $9 trillion retirement market for digital assets. Institutional demand is rising: open interest in XRP perpetual futures hit a record $8.8 billion. This episode underscores XRP’s volatility and the emotional hurdles retail traders face amid regulatory shifts and mounting market momentum.

Bitcoin’s rally has stalled below $120,000, with only 15% of short-term holders in profit—well under the 35% threshold that historically triggers profit-taking—suggesting up to 25% more upside before a pullback. Major altcoins (ETH, XRP, BNB, SOL) have outperformed Bitcoin, fueling talk of an altseason, though BTC dominance remains near 61% versus the 40–44% level typically needed for sustained altcoin cycles. While Bitcoin may still target $200,000–$1 million long term, its risk-reward profile has become symmetric. Traders are therefore eyeing early-stage tokens for asymmetric gains—historical opportunities like BTC at cents (2009), ETH at $0.30 (2014) or SOL under $1 (2020) delivered up to 11,000× returns. These IPO-style launches offer broad participation. Allocating capital into emerging altcoins now could capture exponential growth as crypto adoption and user experience improve. Market briefs: US House advanced the CLARITY, GENIUS and Anti-CBDC Acts; a former UK crime officer was jailed for stealing 50 BTC; a 40,000 BTC whale moved coins to a new wallet; WLFI tokens were unlocked for trading.

Semler Scientific has added $25 million of Bitcoin to its corporate treasury, raising total BTC holdings to 4,846 coins valued at about $578 million. The medical technology firm acquired the new Bitcoin at an average price of $118,974 per coin in early July, financing the purchase through a $175 million at-the-market equity offering. Despite its aggressive Bitcoin strategy, Semler Scientific’s stock has fallen 22% year-to-date amid investor concerns over share dilution and underwhelming Q2 earnings. Looking ahead, Semler Scientific plans to increase its Bitcoin treasury to 105,000 BTC by 2027 — roughly 0.05% of total BTC supply — funded by future equity raises. The company also faces legal scrutiny from the U.S. Department of Justice following settlement talks over potential fraud violations involving its QuantaFlo product. Analysts warn that while Bitcoin adoption can enhance brand visibility, it may not resolve Semler Scientific’s operational challenges. This development underscores ongoing tension between corporate Bitcoin strategies and stock performance, prompting traders to weigh the risks of treasury diversification against market skepticism.

Bitcoin adoption remains in its mid-stage, following an internet-like power law driven by wallet growth and demand. According to Fidelity’s Jurrien Timmer, the market continues its gradual maturation, with price cycles marked by advances and consolidation. Corporate adoption is rising. In Q2, 46 public companies added Bitcoin, taking the total to 125 firms holding 847,000 BTC ($91 billion). This momentum in Bitcoin adoption is backed by a record $3.7 billion inflow into crypto products last week, raising AUM to $211 billion, with Bitcoin products making up 85%. Retail FOMO is also returning. First-time buyers added over 140,000 BTC in two weeks. Even EV maker Volcon plans a $500 million private placement with 95% allocated to Bitcoin. The blend of institutional inflows and renewed retail demand underlines continued bullish potential.

Ethereum outperformed Bitcoin in July as strong institutional demand and spot ETF inflows drove ETH up 34.8% to $3,426 from early-month lows. Net ETF inflows into Ethereum reached 79,674 ETH (~$256 M), led by iShares. On the weekly chart, ETH/BTC cleared the 0.02629 resistance and is challenging 0.02968, bouncing from a 0.015–0.020 support zone. This breakout coincided with Bitcoin Dominance falling from 66.04% to 62.47%, signalling capital rotation into altcoins. Crypto analyst Matthew Hyland warns that if ETH/BTC holds its uptrend, there’s a 99% probability that Bitcoin Dominance has peaked. Traders are eyeing the 0.038 BTC level as a key barrier for a sustained Ethereum rally. Overall, growing ETF demand, technical momentum and a potential altseason offer a bullish outlook for ETH.

Casa co-founder Jameson Lopp, Christian Papathanasiou and other cryptographers on July 14 published a draft Bitcoin Improvement Proposal (BIP) called “Post-Quantum Migration and Legacy Signature Sunset” on GitHub. The plan uses the new P2QRH output type and rolls out in three phases: Phase A (three years after activation) bans funding to quantum-vulnerable addresses; Phase B (two years later) rejects ECDSA and Schnorr transactions, freezing legacy outputs; Phase C explores fund recovery via zero-knowledge proofs. According to McKinsey, threat-level quantum computers may emerge by 2027–2030, putting roughly 25–30% of BTC (about five million coins, including exposed Satoshi addresses) at risk. By prohibiting transactions to vulnerable addresses, the BIP forces migration to quantum-secure scripts. It aims to overcome upgrade inertia among wallets, exchanges and custodians. If adopted, this migration would surpass SegWit and Taproot in scale, strengthening Bitcoin’s long-term security against quantum threats.

On July 17, 2025, the US House passed H.Res.580 by a tight 217–212 vote, setting rules to debate three major crypto bills: the GENIUS Act for stablecoin oversight, the CLARITY Act defining SEC vs. CFTC jurisdiction, and the CBDC Anti-Surveillance Act banning a Federal Reserve digital dollar. An earlier H.Res.580 motion had failed 196–223 after five Republicans raised CBDC concerns, but GOP leaders then folded ban language into the CLARITY Act. No Democrats backed the procedural vote, calling it a ‘crypto giveaway’ to former President Trump. With the H.Res.580 hurdle cleared, the House will soon resume full debate and final votes, potentially sending the bills to the Senate and President this week. Traders should monitor H.Res.580 progress, crypto regulation clarity, and the CBDC ban for potential market impact.

Trump Media & Technology Group (TMTG) has filed U.S. trademark applications for “Truth Social AI” and “Truth Social AI Search.” This marks a strategic push to integrate Truth Social AI features for content recommendation, personalized news feeds, and enhanced search across iOS, Android, and web. Following the filings, TMTG shares rose 5.5% on Nasdaq. The move complements earlier trademark applications for crypto trading, payment services, and a Trump-branded metaverse. It also fits TMTG’s broader digital ecosystem, which includes streaming service Truth+ and fintech arm Truth.Fi, exploring blockchain and crypto applications. Despite a Q1 2025 net loss of $31.7 million on $8.8 million revenue and competition from Facebook’s 3.1 billion monthly users, TMTG aims to use AI for news, entertainment, and investment advice. The company must overcome computing power, algorithm development, privacy, bias, and regulatory compliance challenges. No official launch timeline has been announced.

Prosecutors in New York have moved to bar defense testimony about kidnapping, threats and torture related to cryptocurrency holdings in the Tornado Cash co-founder Roman Storm trial. Interim US Attorney Jay Clayton told Judge Katherine Failla that such evidence is inflammatory, prejudicial and irrelevant to Storm’s intent. Storm faces charges of money laundering, running an unlicensed money-transmitting service and breaching US sanctions. Since jury selection on Monday, prosecutors have twice objected to defense mentions of user safety and aim to limit evidence under privacy and relevance rules. Testimony so far includes a Taiwanese investor on stolen fund flows, a McDermott Will & Emery lawyer for hack victim BitMart and former associate Justin Bram on Tornado Cash’s mixing features and geo-blocking. The court’s ruling on this motion could narrow the scope of admissible evidence and set a precedent for crypto-related trials.

XRP has surged over 33% since July 8, briefly topping $3.04 as traders test key resistance at $3. Technical indicators such as the 0.118 Fibonacci retracement and CoinGlass liquidation heatmaps highlight a potential short squeeze above $3.04. Futures open interest has climbed to $8.11 billion, nearing January’s peak, while on-chain data shows a record 2,743 wallets each holding over 1 million XRP. Market catalysts are driving the current bull run. Anticipated approval of multiple XRP ETFs, a favorable outcome in Ripple’s SEC case and growing institutional backing support further gains. Experts advise holders to secure their assets in cold wallets or trusts and consider using leverage, rather than selling on the first rally. Historical parallels, like missed Amazon gains, underscore the risk of premature exits. Structural trends also point to long-term growth. Industry forecasts predict more than ten XRP ETF approvals by October 2025, stablecoin market expansion to $3.7 trillion and real-world asset tokenization reaching $19 trillion by 2030. A potential SEC settlement could add legal clarity and boost confidence. Technical analysts contend that a sustained close above $3.25 may open the path toward $10 in the next bull cycle. Key support levels to watch include $2.65 and key exponential moving averages. Traders can use these breakout and support zones to position for continued XRP momentum.

Talos has completed its acquisition of Coin Metrics for over $100 million, integrating Coin Metrics’ market data, benchmark indexes, pricing feeds and on-chain analytics into its institutional trading platform. Backed by Point72, Tiger Global, Andreessen Horowitz and other investors, Talos acquisition aims to deliver a unified solution for trade execution, portfolio management and on-chain insights. The integration, expected this quarter, adds network node services and risk management tools to Talos’s infrastructure. With a U.S. crypto-friendly administration driving institutional demand, the Talos acquisition marks further consolidation in crypto infrastructure, following recent deals by Robinhood and Alchemy. Crypto traders can expect deeper market insights, improved reference data and precise network metrics on a single platform.

Ruvi AI’s RUVI token has completed a full security audit and secured a liquidity partnership with WEEX Exchange. The presale has raised $2.3 million, selling over 190 million RUVI tokens to 2,300 holders. In phase 2, tokens trade at $0.015, jumping to $0.07 after presale, offering nearly 5× ROI for early investors. Analysts project a $1 valuation, implying up to 66× gains. With a total supply of 1 billion and 500 million tokens circulating, RUVI boasts a market cap of $7.5 million. The project combines blockchain and artificial intelligence for marketing optimization, creator payments, and low-cost cross-border finance. VIP investment tiers provide bonuses up to 100%, further boosting returns. Traders should watch the audit report, DEX liquidity pools, upcoming mainnet features, and CEX listings as key catalysts. Compared with Solana’s $70 billion ecosystem, RUVI’s audited token status and aggressive presale metrics position it as a high-upside speculative play for altcoin traders.