Congress Kicks Off “Crypto Week” With Landmark Digital Asset Votes.
Today marks the start of “Crypto Week” in Washington, where Congress will debate three transformative crypto bills: the GENIUS Act for stablecoin oversight, the Clarity Act to define digital asset market structure, and the Anti-CBDC Surveillance State Act aimed at halting a Fed-backed digital currency. The House Rules Committee meets today to set the schedule, with votes on market-structure rules expected Tuesday, July 15. If everything proceeds smoothly, the GENIUS Act could reach the President’s desk by Friday, July 18. This packed legislative agenda is already fueling bullish sentiment across crypto markets.
US Bitcoin ETFs Pull In Consecutive $1bn Inflows As BTC Soars.
U.S. spot Bitcoin ETFs raked in over 1BN dollars in inflows for two consecutive days, a first since their January 2024 launch. Thursday brought in 1.17BN and Friday 1.03BN, totaling 2.72BN in five days. This surge lifted Bitcoin to a new all-time high of 118,780 dollars. BlackRock’s IBIT ETF achieved an unprecedented milestone, crossing 80BN dollars in assets under management, the fastest ETF to reach that mark. Ethereum ETFs also delivered their strongest week yet, attracting 908MN dollars.
Pump.fun Nets $600mn As PUMP Token Sale Sells Out In Minutes.
Solana leverages the meme coin fever with Pump.fun, which spun up a staggering 600MN dollars in just 12 minutes during its public ICO of the PUMP token. Selling 150 billion tokens at $0.004 each (15% of total supply), the rapid sellout came on the heels of a successful private round, pushing total funding over 1BN dollars. Proceeds will enhance Pump.fun’s launchpad, social trading features, and ecosystem incentives. Exchanges like Bybit, Kraken, and Pump.fun itself participated in this headline-grabbing sale, with trading expected to begin July 18.
CoinDCX Denies Misusing User Funds Amid WazirX Allegations.
In a rebuttal filed in Singapore court, CoinDCX CEO Sumit Gupta rejected accusations from WazirX that funds had been shifted to non-compliant entities in Lithuania. Gupta clarified that all user assets, both INR and crypto, are held by domestically registered Neblio Technologies, a FIU-IND compliant entity. He emphasized CoinDCX had no Lithuania operations before February 2025 and that the recent Terms of Service update aimed to increase transparency and user trust.
Animoca Brands To Allocate $100mn In BTC Via DDC Enterprise Deal.
Blockchain powerhouse Animoca Brands has signed an MoU with DDC Enterprise to manage 100MN dollars in Bitcoin reserves, aiming to generate yield from its BTC holdings. DDC is pursuing a long-term strategy to acquire 5,000 BTC over the next three years and has already secured 21. The partnership aligns with corporate treasury trends, marrying Animoca’s digital asset focus with DDC CEO Norma Chu’s leadership and cross-border market expertise.
Binance’s CZ Threatens To Sue Bloomberg Over Trump Stablecoin Report.
Binance founder Changpeng “CZ” Zhao has issued a legal threat against Bloomberg, following a report linking him to the USD1 stablecoin backed by Donald Trump. Describing the coverage as a “hit piece,” CZ says the report contains “so many factual errors.” Bloomberg alleged Binance authored USD1’s smart contract and that CZ pursued a presidential pardon from Trump. CZ previously sued Bloomberg’s Chinese edition over a false Ponzi accusation, securing an apology.
Justin Sun Pledges $100mn To Trump Memecoin Ahead Of Unlock.
Tron founder Justin Sun has pledged 100MN dollars to purchase TRUMP memecoin in anticipation of a 474MN dollar token unlock, scheduled soon. As the largest existing TRUMP holder, Sun says the move symbolizes a strategic cross-ecosystem alliance between TRON and Trump-linked crypto ventures. The memecoin will be integrated natively on Tron, reinforcing Sun’s expanding footprint in political crypto.
AI Crypto Sector Gains Spotlight In Grayscale’s Latest Report.
A new Grayscale report highlights the explosive rise of AI-focused crypto, led by Bittensor (TAO) with a 3.8BN dollar market cap, closely followed by NEAR Protocol at 3.6BN dollars. The report maps 17 crypto projects into categories spanning platforms, tools, and agent-based AI applications—like Render, Fetch.ai, and Worldcoin. Grayscale sees these decentralized networks challenging centralized AI powerhouses through transparency, democratization, and innovation-driven infrastructure. Investors are increasingly watching this fast-growing niche for potential long-term value.
XRP Whale Count Hits Record As Price Rises 26% In Seven Days.
XRP whale wallets—those holding 1 million or more—have increased to an all-time high of 2,743, collectively controlling over 47.3BN tokens, according to Santiment. This wave of accumulation helped XRP surge 26% over the past week, trading near $2.80. Boosted by Bitcoin’s rally and the broader altcoin rotation, XRP also benefited from Ripple withdrawing its SEC cross-appeal and rolling out XRP Ledger v2.5.0, a key upgrade aimed at token management and escrow features.
EU & UK Institutions Plan Over 5% Crypto AUM Allocation In 2025.
A recent Coinbase-EY Parthenon survey of 97 institutional investors found that 86% plan to increase crypto holdings this year, with half aiming to allocate over 5% of their total AUM by end of 2025. Regulatory clarity emerged as the top driver, although volatility and compliance issues remain concern points. DeFi engagement is expected to double, with tokenized real assets gaining interest across broader portfolios.
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