Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Canary Capital has filed to the US Securities and Exchange Commission (SEC) for a first-of-its-kind spot ETF fully backed by President Trump’s TRUMP meme coin. The application, submitted under the Securities Act of 1933, proposes 100% reserves of TRUMP tokens held in regulated custody, diverging from earlier 1940 Investment Company Act structures that relied on offshore entities. Analysts note that spot ETF approvals typically require at least six months of futures trading—an unmet condition for TRUMP token futures—casting doubt on SEC approval timelines. Nonetheless, recent SEC statements under Commissioner Hester Peirce, who argued that meme coins are not securities, introduce an unprecedented regulatory backdrop. Since its January peak, the TRUMP token has plunged over 69%, trading around USD 8.40. If approved, the spot ETF for Trump meme coin would be the first US fund linked to a sitting president’s personal crypto project, signaling potential mainstream acceptance of meme coins. While clearance may take up to a year with extra filings, some observers predict the SEC could approve at least one spot meme coin ETF by year-end.

Philippine Rep. Miguel Luis Villafuerte has introduced House Bill 421 to create a national Bitcoin reserve. The Bangko Sentral ng Pilipinas would purchase 2,000 BTC annually over five years to accumulate a 10,000 BTC reserve. The Bitcoin reserve holdings would be stored in geographically distributed cold wallets and locked for at least 20 years. After the lockup, up to 10% of the reserve may be sold every two years to service national debt. The bill also mandates quarterly public cryptographic attestations and independent audits to ensure security and transparency. If approved, the Philippines would join El Salvador and Bhutan in treating Bitcoin as a strategic asset. Sovereign entities currently hold about 517,296 BTC (2.46% of supply), mainly from U.S. and China seizures.

Tether has appointed former White House Crypto Council director Bo Hines as Strategic Advisor for Digital Assets and U.S. Strategy. Hines, who spent eight months shaping stablecoin rules under the GENIUS Act, will lead regulatory engagement and coordinate with U.S. agencies and industry to drive compliance and market expansion. Building on its nearly $5 billion investment in U.S. digital assets and infrastructure, Tether plans to launch a USD-backed stablecoin by early 2026. Hines’s expertise in blockchain policy and payments innovation will strengthen Tether’s domestic presence and support responsible stablecoin development in the world’s largest financial market.

US spot Ethereum ETFs continued strong inflows, drawing $1.02 billion on Monday and $523.9 million on Tuesday. This marks six consecutive sessions of net inflows, totaling $2.33 billion over the period. BlackRock’s ETHA led flows with $639.8 million on Monday and $318.7 million on Tuesday. Fidelity’s FETH contributed $276.9 million then $144.9 million, and Grayscale’s Mini Ether Trust added $44.25 million on Tuesday. Total AUM for Ethereum ETFs reached $27.6 billion, about 4.8% of Ethereum’s market cap. Institutional demand is shifting from Bitcoin ETFs, which saw $65.9 million inflows on Tuesday. Ether price rose 8.5% to $4,667, nearing its all-time high of $4,878. Analysts project further gains to $5,300–$8,600 if Bitcoin rallies. Traders should watch these flows as a sign of bullish momentum and growing regulatory support for spot Ethereum ETFs.

Marathon Digital Holdings (Nasdaq: MARA) has issued zero-coupon convertible debt notes due 2032 to raise $850 million for bolstering its Bitcoin treasury and expanding crypto­mining operations. The eight-year notes, convertible at a fixed price, allow the company to avoid interest payments and immediate share dilution. Marathon plans to use net proceeds chiefly for immediate Bitcoin purchases at market rates, targeting a significant boost to its current holdings (around 9,900 BTC) and to fund renewable-powered mining sites. CEO Fred Thiel said the convertible debt structure provides capital flexibility and protects shareholder value while underpinning a long-term hold strategy on Bitcoin. The financing underscores growing corporate demand for Bitcoin, may tighten short-term market supply, and supports bullish momentum in crypto mining and asset accumulation, despite increased leverage and exposure to Bitcoin’s price volatility.

World Liberty Financial completed a $13 million USDC-to-ETH swap, acquiring 3,473 ETH at an average price of $3,272. Its total Ethereum holdings now stand at 73,616 ETH (≈$275 million), with unrealized profits exceeding $33 million. Earlier buys included 1,580 ETH for $3.5 million in May and 3,000 ETH for $10 million last week. The new ETH was deployed on Aave to earn DeFi yield. Ethereum’s price rose 2% to $3,763, logging weekly gains of 20% and monthly gains of 65%. Other major institutions—BlackRock, SharpLink, Bitmine, Nasdaq-listed BTC Digital and the $1.6 billion Ether Machine initiative—are also expanding ETH positions. Large dormant wallets have begun moving assets as prices climb. This wave of institutional investment, coupled with a shift by corporate treasuries from Bitcoin into Ethereum, signals a bullish outlook for Ethereum, likely tightening supply and driving further market momentum.

BNY Mellon and Goldman Sachs have unveiled a digital asset tokenization initiative targeting the $7 trillion fund market. The platform leverages a private blockchain and smart contracts to automate fund share issuance, subscriptions and redemptions. It enables 24/7 trading, on-chain ownership records and near-instant settlement, reducing operational costs and enhancing liquidity. Launched through BNY Mellon’s Digital Asset Custody and Administration service and Goldman Sachs Asset Management’s first client integration, the digital asset tokenization solution supports money market funds as collateral in digital asset trades. Final settlements and compliance checks remain within traditional systems, preserving regulatory standards. Scheduled for rollout in 2024, this blockchain finance innovation opens fractional access to high-value funds and paves the way for broader institutional adoption of digital asset tokenization across traditional finance.

Bitcoin surged past $118,000 on Thursday, reaching a 2024 high before retracing 0.5% to around $117,430. The breakout boosted the overall crypto market, driving daily trading volume to $34.5 billion and lifting total market capitalization to $2.35 trillion. Meanwhile, Litecoin has rallied 24% over the past week, trading at $116 after peaking at $119.21. Analyst Naveed notes Litecoin has broken key technical resistance and filled a fair value gap, setting its next target between $120 and $125. CoinCodex forecasts a further 15% rise to $134 by August 22, 2025, supported by bullish technical indicators and a Fear & Greed Index reading of 74. Litecoin has gained in 60% of trading days this month, reflecting volatile momentum. If Litecoin clears $125, traders anticipate a push toward $140, bolstered by rising social media activity and exchange volumes. In the longer term, forecasts suggest potential rallies to $262 by late 2025 and tests of the $413 all-time high, despite possible dips below $94 amid macro uncertainties.

Ethereum price retreated from an intraday high near $3,856 to lows around $3,640, slipping over 2% amid whale profit-taking and liquidation risks. On-chain data show heavy long exposure between $3,600 and $3,700, with a key liquidation line at $3,654.77 for a $3 million position. One whale reportedly offloaded 8,000 ETH (~$30 million). Volume remains elevated, and ETH futures open interest has climbed to $58 billion as traders engage around critical support levels at $3,500 and $3,000. Institutional demand persisted: BlackRock’s spot Ethereum ETF added 27,000 ETH (~$100 million), and total spot ETF inflows reached 588,000 ETH last week. Ethereum also led digital asset inflows with $2.12 billion, backed by firms like SharpLink Gaming. On-chain metrics reveal continued staking growth and steady ETF inflows. Technical indicators remain constructive, with the daily RSI below overbought levels and a bullish MACD. Traders see $4,000 as the next resistance before potential rallies to $13,000–$17,000, while upcoming network upgrades—Fusaka in early November, Devnet-3 and “Glamsterdam”—could further underpin Ethereum price momentum.

NFT market momentum accelerated in June as trading volume climbed 25% month-on-month to $1.2 billion across 1.2 million transactions, led by Ethereum’s 70% share and floor-price gains in blue-chip collections like Bored Ape Yacht Club and Azuki. Lower gas fees, improved wallet UX and growing retail and institutional interest set the stage. The rally peaked when an anonymous buyer spent 2,080 ETH (≈$7.8 million) on 45 CryptoPunks via OpenSea, driving NFT market cap up 28% to over $6 billion and daily volume to $46 million (+191%). ETH and SOL also rallied to $3,800 and $190 respectively. Analysts note rising demand for premium NFT assets driven by established collections but caution that a full “NFT season” remains unconfirmed amid volatility and macro headwinds.

Bitcoin price has consolidated in a sideways range between $116,000 and $120,000 after a sharp rejection at $123,120, with the 21-day and 50-day SMAs signaling indecision and Doji candlesticks reflecting balanced buying and selling pressure. On July 22, BTC slipped below the $117,000 support level on OKX, trading near $116,954—a 1.15% decline that highlights heightened market volatility. Traders should monitor the $117,000 and $116,000 support levels, as well as the $120,000 resistance level, for clear directional cues. Key supply zones at $120,000 and demand zones between $100,000 and $90,000 offer further guidance. Tracking Bitcoin liquidity and liquidation metrics will help assess market sentiment and determine whether the recent dip is a temporary pullback or the start of a deeper correction.

Ethereum price has surged over 50% in under a week, climbing from around $2,000 to levels above $3,700. Recently, ETH broke above $2,025 as open interest in futures and options hit multi-month highs. Derivatives data show $331 million in short positions could liquidate if ETH clears $4,000, raising the prospects of a short squeeze. On-chain metrics, including net inflows to exchanges and rising funding rates, further support bullish momentum. ETF inflows, US legal clarity under the Clarity and GENIUS Acts, and anticipation of protocol upgrades drive optimism. Key resistance zones are $2,050–$2,100 and $3,850–$4,000; a sustained breakout could retest $2,200 and $4,000. Pullbacks to $1,950 or $3,742 may offer fresh entry points. Technical indicators remain supportive, with 50-, 100- and 200-day SMAs trending higher.

On July 20, Ethereum’s gas limit increased from 36 million to 37.3 million units, marking its first significant Layer 1 expansion since February. Nearly half of ETH validators now support boosting the gas limit further to 45 million to enhance scalability. As a result, network throughput climbed to 18 transactions per second (TPS), up from 15 TPS. The upgrade aligns with a 25% weekly rally in ETH, which gained 3.5% on the news as it approaches a $4,000 breakout. While a higher gas limit can speed up transactions and ease congestion, it may also raise storage and validation costs, impacting decentralization. EIP-1559’s fee-burn mechanism remains in place, so gas fees will still fluctuate with demand. Layer 2 rollups and client optimizations help offset these risks, but node hardware requirements could rise. Traders should monitor Ethereum gas limit hikes, throughput gains and fee dynamics for potential market opportunities and centralization pressures.

Last Friday, crypto stocks closed mixed: Coinbase gained 4.2% on regulatory clarity, while MicroStrategy fell 3.8% amid Bitcoin consolidation. Marathon Digital and Riot Platforms rose 6.8% and 2.6% respectively, and trading volumes jumped 15% ahead of key economic data. In Q3, crypto stocks have surged for two reasons. First, strong coin rallies in Bitcoin (BTC) and Ethereum (ETH) have lifted stock valuations across the sector. Second, companies including MicroStrategy and Coinbase have adopted disciplined Bitcoin reserve strategies. According to Fundstrat’s Tom Lee, these reserves add a 5–10% premium as a defensive buffer. Lee warns that a weakening coin rally could trigger reversals in crypto stocks, but sees reserve strategies sustaining valuations during market dips. Overall, this combination underpins his bullish outlook for crypto stocks.

Caldera’s ERA token surged after its ERC-20 launch and listings on major exchanges. The ERC-20 ERA token went live on Coinbase and Binance on July 18, with trading pairs including USD, USDT and BTC. The token generation event on July 17 capped total supply at 1 billion, with 148.5 million ERA tokens now circulating. Of that, Binance airdropped 20 million ERA tokens to eligible users, and 7% is reserved for a community airdrop managed by the Caldera Foundation. Caldera offers rollup-as-a-service infrastructure for Layer-2 and Layer-3 scaling, powering projects such as Manta Pacific, ApeChain and Plume Network. Within the ecosystem, the ERA token is used for gas fees, staking and governance. Traders should watch ERA token liquidity and volume for volatility signals. The broad exchange listings boost visibility and deep liquidity, supporting bullish momentum, though potential post-listing corrections may follow airdrop unlocks.

Citigroup, JPMorgan, Bank of America and DTCC are accelerating stablecoin initiatives as U.S. lawmakers advance the GENIUS Act. Citigroup is exploring a dollar-backed “Citi stablecoin” to power tokenized deposits and expand into reserve management and crypto custody. JPMorgan plans to launch JPMD on its Base network, while DTCC examines a settlement-focused stablecoin for traditional asset trades. Bank of America stands ready to issue its own token once the GENIUS Act passes. President Trump has endorsed the legislation, which aims to formalize the legal status of USD stablecoins. The stablecoin market, currently valued at $261 billion (USDT $160B, USDC $62B), could grow to $750 billion by 2026, highlighting a surge in institutional adoption and potential boosts to liquidity and on-chain activity.

Cantor Equity Partners 1, a SPAC affiliate of Cantor Fitzgerald led by Brandon Lutnick, is set to complete a $4 billion acquisition of up to 30,000 BTC from Blockstream founder Adam Back. The Bitcoin SPAC deal includes an $800 million capital raise and a planned rebrand to BSTR Holdings, marking nearly $10 billion in crypto buys by Lutnick this year. Meanwhile, Nasdaq-listed SharpLink Gaming has become the largest corporate ETH holder with 280,706 ETH (≈$840 million) after a $413 million fundraising and purchase of 74,656 ETH. The company retains $257 million for further ETH acquisitions. Separately, former President Trump reached a deal with GOP lawmakers to advance the GENIUS Act, Anti-CBDC Surveillance Act and CLARITY Act, potentially clearing the path for key crypto legislation. These developments underscore growing institutional demand for digital assets and could bolster market stability.

MicroStrategy acquired 4,225 Bitcoin between July 7 and 13 at an average price of $111,827 per coin, spending $472.5 million. The firm funded the purchase via its ATM program—selling 797,000 MSTR shares for $330.9 million—and issuing perpetual preferred stocks under its 42/42 plan. Total Bitcoin holdings now stand at 601,550 BTC, with a cost basis of $71,268 per BTC ($42.87 billion) and a current market value of about $72.25 billion, yielding a 68.5% paper profit. Meanwhile, Bitcoin treasury company Metaplanet added 797 BTC to its reserves, raising its total to 16,352 BTC at an average cost of $100,191. On-chain data from Glassnode shows strong accumulation among 1,000–10,000 BTC holders, while mega-whales above 10,000 BTC shift into distribution and retail investors under 1 BTC return to accumulation. Bitcoin reached a new high of $123,000 before retracing to $119,900. Sustained institutional Bitcoin accumulation at record prices underscores bullish conviction and may support further upside.

SharpLink Gaming has accelerated its Ethereum treasury, acquiring 60,582 ETH (approx $180 M) since late June with key purchases including 7,689 ETH in late June, 10,000 ETH from the Ethereum Foundation, and 16,374 ETH on July 14 from a ConsenSys-controlled wallet. With total holdings of 198,300 ETH (valued at $608 M), including 181,860 liquid staked ETH (LSETH), the gaming firm becomes the largest corporate ETH holder. All assets are deployed in staking and restaking protocols, generating over 320 ETH in rewards since June. Under chairman Joseph Lubin, SharpLink’s ETH reserve strategy aligns with a broader industry trend as public companies build on-chain treasuries for yield and diversification. The firm’s stock has jumped amid the ETH price rebound above $3,000, potentially tightening supply and supporting a bullish market outlook for ETH.

Bitcoin price has surged 12%, climbing above $75,000 before breaking out to a fresh all-time high above $118,872. Traders attribute this Bitcoin price rally to robust spot ETF inflows—record daily commitments of $1.18 billion into Bitcoin ETFs and $383 million into Ethereum ETFs—alongside shrinking exchange reserves and renewed retail interest. The liquidation of over $1 billion in short positions further amplified buying pressure. Ethereum, DOGE and SHIB also rallied, with Ethereum reclaiming $3,000. Satoshi Nakamoto’s 1.1 million BTC holdings are now valued at around $82.5 billion, placing them 15th on Bloomberg’s Billionaires Index. Traders should monitor key technical levels near $70,000 support and $80,000 resistance, while remaining mindful of heightened volatility and employing prudent risk management. The Bitcoin price rally underscores growing institutional demand and tests whether internal market mechanics can sustain valuations beyond macro trends.

Florida Attorney General James Uthmeier has launched a state probe into Robinhood Crypto’s marketing of “lowest cost” crypto trading. He subpoenaed internal documents to determine if commission-free claims omit fees from payment for order flow. The inquiry focuses on whether routing trades to third-party firms raises user costs and targets potential consumer protection violations over undisclosed transaction fees and spreads. Meanwhile, the SEC closed its separate inquiry into Robinhood Crypto without action, clearing a major regulatory hurdle for the crypto unit. Robinhood Crypto has also proposed SEC updates on tokenized real-world assets and completed a $200 million acquisition of Bitstamp. Despite state scrutiny, Robinhood shares rose 4.4% to $98.70, reflecting investor confidence. Traders should monitor possible fee structure changes and legal outcomes, as enforcement action could affect user adoption and broader crypto market sentiment.

Bitcoin soared to a fresh all-time high near $119,000, driven by Fed rate-cut expectations, rising ETF inflows and institutional demand. Technical analysts point to a rectangle breakout that could lift BTC to $125,000 in Q3 and even $500,000–$1 million by 2030. The rally sparked a broad altcoin surge: Ethereum jumped 7.5% to test $3,000 highs with forecasts for $3,200, Solana and Cardano gained 4.1% and 15.2%, respectively, while XRP and BNB climbed 7.1% and 2.7%. Meme tokens also rallied, with PEPE up 14.4% and HYPE +10.2%. Dogecoin rebounded off its 200-week EMA, eyeing a potential 230% rally to $0.48. Analysts see continued upside for ETH, SOL and XRP once Bitcoin volatility cools. In presale news, Bitcoin Hyper (HYPER) launched a non-custodial Layer 2 with Solana VM compatibility, enabling wrapped BTC for DeFi, dApps and NFTs.

Senator Elizabeth Warren sharply criticized the CLARITY Act during a July 9 Senate hearing, warning that the bill’s tokenization provisions could let public firms such as Meta and Tesla evade SEC oversight. She also flagged similar risks in the GENIUS Act, citing Meta’s Diem stablecoin history, and expressed concerns over the CBDC Anti-Surveillance State Act. The House Financial Services Committee will review all three crypto bills—CLARITY Act, GENIUS Act and CBDC Anti-Surveillance State Act—on July 14 as lawmakers debate a clear digital asset market structure framework. Ripple CEO Brad Garlinghouse urged swift action to establish rules reflecting 55 million U.S. crypto users and a $3.4 trillion market. Former White House ethics lawyer Richard Painter recommended that legislators divest crypto holdings to avoid conflicts. Both Painter and Warren singled out former President Trump for profiting $610 million in crypto investments and launching the TRUMP meme coin. The hearing marks the Senate’s first in-depth crypto market structure debate, with legislation targeted for September.

Gate.io has unexpectedly removed the Pump.fun token sale page ahead of the planned July 12 IEO. The 72-hour sale of 150 billion PUMP tokens at $0.004 each—targeting a $600 million raise and a $4 billion fully diluted valuation—now returns a 404 error. Neither Gate.io nor Pump.fun have commented on the removal. Pump.fun token sale was to run on Solana, a popular blockchain for memecoins. Pump.fun, the launch platform, has facilitated over 11 million token creations and generated about $700 million in revenue, with daily peaks of $7 million. The abrupt cancellation raises questions about internal decisions and external pressures, as Pump.fun faces regulatory scrutiny including a UK FCA ban and a U.S. class-action lawsuit. The status of the Pump.fun token sale remains uncertain until an official update.

Bitcoin closed the weekly candle at a fresh all-time high above $69,000, reinforcing bullish momentum across the crypto market. The Bitcoin all-time high underscores growing trader confidence. On Ethereum, the newly launched AMERICA token spiked 120% in its first 24 hours as traders bet on its political-themed governance model. High trading volume reflected robust demand for the AMERICA token. On Solana, memecoin BONK (also known as LBONK) surged 60% over five days to a $1.87 billion market cap and later flipped rival FUN after a 45% volume jump. A deflationary burn mechanism on the LetsBONK platform removed tokens with each new project launch, cutting supply and driving buying pressure. Traders will watch token launches, burn rates, liquidity metrics and technical levels—support near $0.000018 and upside targets around $0.000025 for LBONK—to gauge whether the risk-on sentiment can extend across altcoins and memecoins.

The UK Financial Conduct Authority (FCA) has proposed, in a consultation running until July 13, to let authorized investment funds hold up to 10% of scheme property in crypto-exchange traded notes (crypto ETNs/cETNs). The FCA says this would align product regulation and keep fund investment ranges “contemporary,” supported by professional risk management. The FCA calls the 10% cap “conservative,” citing the speculative nature of the underlying cryptoassets. It also warns that higher crypto ETNs exposure could force funds into a stricter RMMI classification, which may reduce mainstream benefits and change how digital-asset-related financial promotions are handled. Separately, the FCA reiterated it will not approve fund objectives referencing digital assets until it has confidence in the integrity of the underlying market. Market impact: the “10% leash” could create incremental demand for crypto ETNs through regulated fund channels, but adoption will likely be gradual due to documentation, suitability, and liquidity work for managers and distributors. The broader UK cryptoasset perimeter rules are also progressing, with expected application/authorization timelines from late 2027.

The U.S. House Ways and Means Committee has opened formal discussions on **crypto tax reform** aimed at simplifying how investors report crypto gains to the IRS and reducing compliance costs. During the hearing, bipartisan questions surfaced early. Democratic Ranking Member Richard Neal said the timeline is premature and urged deeper scrutiny of proposed benefits and how gains are calculated. Supporters argue current rules are unclear and can drive unintentional reporting errors and underreporting. Key **crypto tax reform** proposals discussed include clearer capital-gains guidance for trading and staking, plus more standardized IRS reporting forms. The intent is to lower penalty risk by making tax calculations more straightforward for both individuals and businesses. However, lawmakers signaled the legislation may not move quickly. The near-term path remains uncertain, with broader Senate efforts still in progress and potential IRS enforcement/reporting changes looming. For traders, the debate itself is a policy overhang: clearer guidance could be constructive, but delays and revisions can keep sentiment cautious.

HYPE surged to a new all-time high near $73.7 as Hyperliquid intensified its fee-driven buybacks. After the move, traders closely watched perps positioning: Lookonchain said a user (loraclexyz) opened a large HYPE short on Hyperliquid, which reversed during the rally and wiped roughly $42M in perpetual profits in 18 days, adding about $5.19M more loss. Analyst 0xc06 argues the breakout is not only sentiment. Hyperliquid’s annualized fees are near $1.3B (2025 revenue about $822M), with daily fees often above $1.3M and occasionally over $1.6M, supported by around $2.6T trading volume in 2025. The key mechanism: Hyperliquid routes about 97% of collected fees into an Assistance Fund that automatically buys HYPE on the open market daily. The fund has accumulated over $1.3B in purchases and holds about 28.5M HYPE, which the analyst estimates could remove around 14% of circulating supply annually on a market-cap basis (roughly ~7% yearly), resembling a continuous on-chain repurchase. Key risk for HYPE traders: buyback intensity depends on trading volume. Also, a token unlock scheduled for June 6 (about 9.9M HYPE) could add supply while the buyback fund remains active, increasing sensitivity around ATH levels and perps hedging flows.

In Manhattan federal court, attorneys are seeking to move $71 million of Frozen ETH to terrorism victims after an April Aave cross-chain exploit that reportedly caused about $230 million in losses. The victims’ 30-page filing argues the incident was “fraud,” not “theft.” They say U.S. fraud law can give a wrongdoer limited ownership rights via deception, potentially undermining Aave’s effort to block the release of the Frozen ETH. Legally, the team invokes the Terrorism Risk Insurance Act (TRIA). If the court accepts TRIA applies, victims tied to state sponsors of terrorism may pursue claims connected to assets under U.S. jurisdiction, shifting how ownership/control is treated under New York property-law arguments. A further dispute is Aave’s standing. The filings cite Aave’s terms of service, saying it does not have “possession, custody or control” over user funds—an important DeFi principle. On-chain context: Chainalysis and TRM Labs attributed the exploit to North Korea’s Lazarus Group. The attackers minted unauthorized rsETH, posted it as false collateral on Aave, and borrowed real ETH against those deposits. Developers reportedly froze about $71 million on Arbitrum before liquidation. Separately, the Aave-linked recovery fund DeFi United has raised about $327.95 million—more than four times the Frozen ETH in dispute ahead of a May 6 hearing. The ruling could set precedent for DeFi legal standing and handling of internationally linked assets in U.S. courts.