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The White House unleashed a bold crypto strategy demanding immediate congressional action, with Ripple’s legal chief calling it a breakthrough blueprint from the “most pro-crypto Administration we’ve ever seen!”

Ripple Legal Chief: Most Pro-Crypto Admin Delivers the Regulatory Signal Investors Need
The White House released a 160-page report on July 30, through the President’s Working Group on Digital Asset Markets, following Executive Order 14178 signed by President Donald Trump. The report presents a comprehensive national strategy to expand the United States’ leadership in digital financial technologies while firmly opposing the implementation of a central bank digital currency (CBDC). It calls on Congress to pass legislation supporting self-custody of digital assets, regulatory clarity for decentralized finance (DeFi), statutory authority for the Commodity Futures Trading Commission (CFTC) over spot markets, and promotion of lawful dollar-backed stablecoins. The working group asserts that CBDCs pose a threat to financial privacy, economic freedom, and U.S. sovereignty.
Ripple’s chief legal officer Stuart Alderoty praised the report on social media platform X, stating: “Comprehensive, helpful and direct – the White House’s Digital Assets Report released this afternoon pushes Congress and US federal agencies to act immediately following the passing of the GENIUS Act.” He continued: “From callouts in support of the CLARITY Act and to establish crypto market structure rules, to strengthening consumer protections and enhancing national security measures, there’s a lot in this 160-page report that provides a blueprint for action.” The Ripple legal chief concluded:
The most pro-crypto Administration we’ve ever seen!
His endorsement reflects growing sentiment among industry leaders who view the administration’s policies as reversing what they characterize as regulatory overreach under prior leadership.
The Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act), enacted this month, establishes a federal regulatory framework for stablecoins, requiring 1:1 backing with liquid assets, monthly audits, and limiting issuance to licensed institutions. It aims to boost consumer protection and financial stability. The Digital Asset Market Clarity Act of 2025 (CLARITY Act), also advancing, seeks to define whether cryptocurrencies are commodities or securities, providing regulatory certainty for the broader digital asset market and delineating oversight between the CFTC and U.S. Securities and Exchange Commission (SEC).
Chaired by White House AI and Crypto Czar David Sacks, the President’s Working Group includes senior officials from the U.S. Treasury, the SEC, the CFTC, and other federal bodies. The report sharply criticizes Biden-era actions such as “Operation Choke Point 2.0,” which it claims led to the systemic debanking of lawful crypto firms. While critics of the administration’s anti-CBDC stance warn of missed opportunities in digital public infrastructure, supporters counter that the White House is restoring innovation incentives and prioritizing privacy by empowering private-sector blockchain solutions.
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Analysts have varying projections for dogecoin (DOGE), with some expecting it to reach $0.26 by the end of August, a 16.6% increase, while others foresee a potential surge to $1.09 if it follows past breakout patterns.

Expert Caution Amid Bullish Projections
Some analysts project that dogecoin (DOGE) could reach $0.26 by the end of August, representing a 16.6% increase from current levels. Others forecast a surge to $1.09 if it repeats past breakout patterns, with longer-term targets potentially reaching as high as $4 before a possible retracement below $1.
While these forecasts, particularly the initial one, are supported by notable whale accumulation and a high greed index, Curt Hopkins, CEO of MCQ Markets, urges caution due to the inherent volatility that often typifies memecoins. However, Hopkins assesses that if the digital asset were to indeed breach the $0.26 mark, a push toward $0.46 would become a possibility.
“Technical analysis highlights $0.26 as a key resistance. A breakout above this level could push DOGE toward $0.46, with further resistance at $0.30 and $0.36. Large holders have recently accumulated DOGE, signaling potential for a bullish move if momentum increases,” Hopkins explained.
According to the MCQ Markets CEO, the digital asset has broken a four-year third-quarter losing streak, gaining 52.4% in the second quarter and absorbing significant market inflows. Nevertheless, the CEO warns DOGE’s momentum may be waning as it approaches $0.25 resistance, “with a $0.30 target seen as less likely without renewed buying pressure.”
Analysis of Coingecko data reveals a volatile trajectory for DOGE in July. The digital asset opened the month trading marginally above $0.165, climbing to establish a local peak of $0.283 on July 21. However, this upward trajectory was unsustainable, leading to a subsequent downward correction that saw DOGE recede to $0.22 by July 30 (12:22 p.m. EDT). While the asset retains a significant 34% gain over the 30-day period, its current valuation represents a considerable retraction from its previous strong performance, sitting just under 50% of its December 9 high of $0.466, highlighting ongoing market re-evaluation.

Yet, despite the digital asset trending downward and being significantly lower than it was in December 2024, its proponents like social media user KALEO believe it’s on course to hit another all-time high. More conservative analysts see it ranging between $0.33 and $0.40 for the rest of 2025, with a near-term target of $0.31. Meanwhile, Hopkins predicts DOGE to surpass the $1 mark if bulls dominate.
“A bullish scenario could see DOGE surge to $0.65 or even $1.25 if key technical levels are broken and market sentiment remains positive,” the CEO asserted.
Despite these bullish forecasts, Hopkins reiterated his warning about the high volatility and the speculative nature of memecoins, all of which call for careful risk management.
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MARA received $73.3 million worth of Teraflux Bitcoin miners from Silicon Valley chip startup Auradine during the first half of 2025, according to the company’s latest quarterly filing.

This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies.
The amount was paid in advance—$22.3 million in Q1 and $51 million in Q2—representing a significant portion of MARA’s $108 million in cash outflows for vendor advances in the first half of the year.
“During the six months ended June 30, 2025, the Company advanced $73.3 million to Auradine for product purchases, all of which were fulfilled by the end of the period, with no outstanding balance remaining,” MARA stated in its Q2 earnings filing.
As of June 30, the Bitcoin mining giant still had $51.4 million in outstanding purchase commitments with Auradine, scheduled for delivery in periodic installments through the remainder of 2025.
The deliveries underscore MARA’s deepening financial and strategic ties with Auradine. In addition to hardware purchases, MARA invested $20 million in Auradine’s preferred shares in February and converted $1.2 million of a prior SAFE investment into equity. Its total holdings in Auradine now stand at $85.4 million, and MARA holds a seat on the startup’s board of directors.
During the 2020 halving cycle, MARA’s proprietary mining fleet was almost exclusively composed of Bitmain’s Antminers. The pivot to Auradine marks a strategic shift toward procuring U.S.-made mining equipment. Meanwhile, Bitmain has also been ramping up domestic manufacturing capacity in the U.S., bolstered by electronic part imports amid looming trade tariff uncertainties.
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Bitcoin rebounded from a “flash crash” on July 30, trading above $118,900 before dropping to below $118,700. The crash followed the U.S. Federal Reserve’s decision to maintain interest rates, causing BTC to plummet from around $118,600 to a low of $115,784.

Flash Crash Triggers Significant Liquidations
Bitcoin ( BTC) recovered from a late July 30 “flash crash” to trade just above $118,900 before declining to $118,738 by 2:40 a.m. EST on July 31. The top cryptocurrency’s rally came just hours after the U.S. Federal Reserve’s decision to leave interest rates saw BTC dropped rapidly from around $118,600 to reach a low of $115,784.
The flash crash triggered liquidations, with $431 million in long and short positions wiped out within 24 hours. As expected, long liquidations significantly outweighed short liquidations across the top five cryptocurrencies. Ethereum ( ETH) led in 24-hour long liquidations at a substantial $61.87 million, followed closely by BTC at $58.49 million. Solana ( SOL) followed with $27.33 million in 24-hour long liquidations, while XRP and dogecoin (DOGE) saw $14.70 million and $11.88 million, respectively.
The Dow Jones Industrial Average mirrored the crypto market’s unease, shedding a significant 300 points almost immediately after the Federal Reserve’s announcement confirmed its steadfast decision not to lower interest rates. Though the Federal Reserve’s decision to keep rates unchanged was widely anticipated, the days leading up to the announcement offered a glimmer of hope that the Jerome Powell-led institution would finally yield to pressure and cut rates, a longstanding demand of U.S. President Donald Trump.
First, Trump administration officials announced that the U.S. leader had begun the process to select the next Federal Reserve governor and Trump himself has amplified speculation that he could fire Powell. Trump’s visit to the Federal Reserve on July 24 and his very public clash with Powell over the ballooning construction of a Federal Reserve building appeared designed to pressure the governor into compliance. However, barely a week later, the Federal Open Market Committee (FOMC) upheld the decision to keep rates unchanged, citing rising inflation.

According to a Kobessi Letter post on X, the FOMC passed the measure to keep rates unchanged by a vote of 9-2. Notably, the dissent by two FOMC members marked the first time more than one member has voted against during the committee’s meeting. Nevertheless, the decision means the Federal Reserve is no closer to cutting rates by the 300 basis points that Trump is demanding.
In fact, data from the blockchain-based predictions market Polymarket shows that the odds of the Federal Reserve keeping rates unchanged jumped from 38% to 57% after the FOMC vote.
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180 Life Sciences is pivoting to crypto with a $425 million private placement to build an ether treasury and rebrand as ETHzilla.

ETHzilla Incoming: 180 Life Sciences Goes All-In on Ethereum With $425 Million Funding
180 Life Sciences Corp. (Nasdaq: ATNF) has announced a major strategic pivot, raising $425 million through a PIPE (private investment in public equity). This is to fund an ethereum-focused treasury strategy and rebrand as ETHzilla Corporation.
The PIPE, priced at $2.65 per share, includes participation from more than 60 investors, among them Electric Capital, Polychain Capital, GSR, and Ethereum ecosystem leaders such as Robert Leshner (Compound), Tarun Chitra (Gauntlet), and Konstantin Lomashuk (Lido).
Proceeds will be primarily used to acquire ETH, positioning ETH as the company’s principal treasury reserve asset. Electric Capital will act as the external asset manager, introducing a yield-generation program that aims to outperform standard ETH staking by combining staking, lending, liquidity provisioning, and private agreements.
With ETH serving as the backbone of its balance sheet, 180 Life Sciences is signaling one of the boldest corporate treasury shifts to date, aligning itself with a growing trend of public companies integrating digital assets into their financial strategy.

#Binance #wendy #ETH $ETH

XRP takes center stage as Wellgistics Health files with the SEC to adopt it as both a treasury reserve and payments engine across its healthcare and tech operations.

Wellgistics Health Unveils XRP Strategy in SEC Filing With Dual Focus on Reserve and Payments
Wellgistics Health Inc. (Nasdaq: WGRX) filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on July 24 to pursue a public offering of its common stock and related warrants. The offering will be conducted on a reasonable best efforts basis through a placement agent and has no minimum threshold for closing. The securities include shares of common stock, prefunded warrants, and placement agent warrants.
In its preliminary prospectus, Wellgistics outlined a strategic shift toward digital asset integration, centered on XRP. The company declared:
We intend to adopt XRP as a treasury reserve asset on an ongoing basis, subject to market conditions and our anticipated cash needs.
It views XRP as a means to enhance financial flexibility and improve transaction efficiency across its healthcare distribution and technology network.
The company further detailed how it plans to accumulate XRP: “Our strategy includes acquiring and holding XRP using cash flows that exceed working capital requirements, and from time to time, subject to market conditions, issuing equity or debt securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase XRP. We expect that we will continue to accumulate XRP after adopting it as our primary treasury reserve asset.”
Beyond reserve holdings, Wellgistics intends to operationalize XRP in its payments infrastructure, stating:
We intend to integrate blockchain payment solutions into our platform to accept payments in XRP. Our management expects that this capability will expand customer payment options while enabling us to hold and transact in these assets directly.
While the filing emphasized XRP’s utility as a real-time settlement tool and inflation hedge, the company acknowledged significant regulatory uncertainties. Although a May 2025 settlement resolved the SEC’s litigation against Ripple Labs concerning certain XRP sales, Wellgistics noted that a definitive regulatory classification remains unresolved.

#Binance #wendy #XRP $XRP

A U.S. senator has declared “this is the year for digital assets,” endorsing landmark federal efforts poised to transform crypto regulation, boost innovation and reshape financial markets.

Senate Leadership Aligns With White House to Champion Crypto Revolution
U.S. Senator Cynthia Lummis (R-WY) praised the President’s Working Group on Digital Asset Markets on July 30, describing the group’s latest report as a major advancement for U.S. leadership in financial innovation.
Speaking in her role as Chair of the U.S. Senate Banking Subcommittee on Digital Assets, Lummis stated: “I’m overjoyed we finally have a president who understands the transformative power of digital assets and distributed ledger technology to build America’s financial future. I’ve been working on many of the proposals found in President Trump’s report since I took office in 2021, and I look forward to partnering with him to deliver on these transformational policies.” She also wrote on social media platform X:
This is the year for digital assets.
The Wyoming senator underlined that the priorities outlined in the presidential report mirror legislative initiatives she has championed over the past four years. Lummis took aim at the Federal Reserve Board and its regional banks for failing to comply with federal law concerning master account access for digital asset-focused depository institutions. Her criticism contributed to the withdrawal of Sarah Bloom Raskin’s nomination for a senior supervisory role at the central bank.
Lummis further condemned what she identified as a hidden directive within the Federal Reserve to weigh “reputation risk” and “controversial commentary” when evaluating banks with crypto exposure—actions she associates with Operation Chokepoint 2.0.
Beyond regulatory accountability, Lummis has advanced comprehensive digital asset legislation. She introduced a financial technology sandbox framework in 2022 based on Wyoming’s 2019 law and is currently incorporating it into broader Senate Banking Committee market structure reform. She also authored bills to reform digital asset taxation, including de minimis exemptions, relief for miners and stakers, and revisions to the corporate alternative minimum tax. While critics have raised concerns over reduced oversight, supporters argue that such reforms ensure the U.S. remains globally competitive in blockchain innovation.

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Indonesia will hike tax rates on cryptocurrency transactions starting August 1, with sellers on domestic exchanges now facing a 0.21% tax on transaction value, while those using overseas exchanges will see their rate increase to 1%.

Crypto’s Rising Popularity Fuels Tax Adjustments
Indonesia is set to implement higher tax rates on cryptocurrency transactions starting August 1, under a new regulation issued by the finance ministry. The move reportedly targets both domestic and overseas crypto exchanges, aiming to increase state revenue from the nation’s booming digital asset market.
Cryptocurrencies have surged in popularity across Southeast Asia’s largest economy, where they are legally traded as commodities but strictly prohibited as a means of payment. Regulator data highlights this growth, showing the total transaction value of crypto assets more than tripled in 2024 from the previous year, reaching approximately $39.67 billion. The country also saw its crypto exchange user base expand to over 20 million in 2024, surpassing the number of investors in the traditional stock market.
According to a Reuters report, under the new regulation, sellers of crypto assets on domestic exchanges will face a 0.21% tax on transaction value, an increase from the previous 0.1%. On the other hand, sellers utilizing overseas exchanges will see their tax rate rise from 0.2% to a significant 1%.
Conversely, the new rules offer some relief to buyers: they will no longer be subject to Value Added Tax (VAT), a change from previous regulations that saw buyers pay 0.11% to 0.22% VAT.
The Indonesian finance ministry has also adjusted taxes on cryptocurrency mining activities. The VAT rate on crypto asset mining has doubled from 1.1% to 2.2%. However, a previous 0.1% special income tax rate on crypto mining has been removed, meaning such income will now be subject to either personal income tax or standard corporate tax rates, effective in 2026.
Tokocrypto, a Binance-backed crypto exchange, issued a statement welcoming the changes. The company views the updated tax framework as a reflection of Indonesia’s evolving classification of cryptocurrencies, shifting them towards being recognized as financial assets rather than solely as commodities.
Despite this acknowledgement, Tokocrypto proposed a grace period of at least one month to allow companies sufficient time to adjust to the new regulations. “We also emphasize the importance of strengthening oversight and tax enforcement on crypto asset transactions conducted through foreign platforms,” the company stated, echoing the government’s apparent intent to regulate offshore activities more stringently.
Tokocrypto further advocated for fiscal incentives to foster innovation within the domestic crypto industry, pointing out that the new crypto tax rate of 0.21% for domestic sellers remains higher than the capital gains tax rate applied to stock market investments. This disparity, they suggest, could hinder local growth if not balanced with supportive policies.
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The Smarter Web Company PLC announced the purchase of 225 bitcoins on Wednesday as part of its ongoing corporate treasury strategy.

Smarter Web PLC Spends £19.9M on 225 Bitcoin Acquisition
The London-listed technology firm paid an average price of £88,482 per Bitcoin, totaling £19,908,550. This acquisition increases the company’s total Bitcoin holdings to 2,050.
The cumulative average purchase price across all its bitcoin is now £81,346 per bitcoin, representing a total investment of £166,758,900. The company also reported significant yield metrics on its treasury bitcoin holdings.
Year-to-date, the treasury bitcoin position reportedly achieved a yield of 49,198%, while the 30-day yield stood at 224%. Approximately £500,000 in net cash remains available for future bitcoin deployment, the firm claims.
This purchase falls under “The 10-Year Plan,” which includes a formal policy of acquiring Bitcoin. The company views Bitcoin as integral to the future financial system and accepts it for client payments.
The Smarter Web Company provides web design, development and online marketing services. It trades on the Aquis Stock Exchange under SWC and OTCQB as TSWCF. More information is available on its website.
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Nine days ago, bitcoin was selling at its steepest discount of the year in South Korea. While the discount hasn’t disappeared, the price gap has been shrinking ever since.

Korean Bitcoin Market Seems to Be Recovering From Deepest Discount of the Year
Bitcoin (BTC) usually fetches a premium in South Korea, but that trend flipped this month. According to data from cryptoquant.com, a discount has persisted for the past 22 days—starting on July 8, 2025.

Bitcoin.com News spotlighted this pricing gap nine days ago, and by the next day, July 22, bitcoin was trading 2.02% below the global weighted average. The day after saw a noticeable recovery, with BTC’s price gap in South Korean won narrowing to 1.18%—and the trend has kept moving in that direction.
Although it briefly widened to around 1.56% three days ago, it had tightened to just 0.32% by yesterday. As of 9:45 a.m. Eastern on Wednesday, July 30, the discount sits near 0.40%, with the global average at $117,677 per coin and South Korea’s price at $117,208.
The bitcoin price gap on South Korean exchanges likely reflects softer local demand. In this scenario, lighter buying or heavier selling within Korean shores has pushed bitcoin prices below the global average.
But with the gap closing, it appears arbitrage desks may have quietly stepped in through indirect routes—or domestic interest is slowly picking back up as sentiment steadies and traders move to take advantage of the lingering discount.
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U.S. authorities aim to forfeit over $2.4 million in bitcoin linked to a major ransomware syndicate, targeting illicit crypto proceeds through aggressive civil enforcement action.

DOJ Pursues Bitcoin Linked to Ransomware Ring in Civil Filing Worth $2.4M
The U.S. Department of Justice (DOJ) announced on July 28 that it has filed a civil forfeiture complaint in the Northern District of Texas seeking control of crypto assets confiscated by federal agents earlier this year. On April 15, 2025, the FBI’s Dallas Field Office seized 20.2891382 BTC from a specified cryptocurrency address. The digital currency, initially valued at over $1.7 million at the time of seizure, is now worth approximately $2.39 million, based on the current market price. Federal authorities contend the funds are linked to criminal operations involving ransomware attacks and illicit financial activity.
The complaint, filed under Case No. 3:25-CV-01920-K, alleges that the cryptocurrency was traced to a wallet controlled by an individual operating under the name “Hors,” believed to be affiliated with the Chaos ransomware group. That group has been connected to cyberattacks targeting victims in Texas and beyond. The DOJ argues the digital currency represents either proceeds from criminal conduct or assets used to further that activity. The department stated:
The seized cryptocurrency, now valued at over $2.4 million, allegedly constitutes property involved in unlawful activity, or proceeds of or property derived from unlawful activity, including money laundering and extortion related to damage to a protected computer, commonly referred to as a ransomware attack.
Nancy E. Larson, acting U.S. attorney for the Northern District of Texas, confirmed the filing and highlighted the department’s strategy of using civil forfeiture to dismantle the financial infrastructure of cybercriminals. The FBI’s Dallas team conducted the seizure following blockchain tracing efforts. While critics of digital currencies often cite their role in illicit finance, many proponents emphasize that cryptocurrencies also enable legitimate use cases such as cross-border payments, individual sovereignty over finances and increased access to digital economic systems.
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Since July 23, XRP has traded below $3.40, a dip attributed to reports that a wallet linked to Ripple’s co-founder dumped millions of tokens. However, one expert believes improving liquidity and institutional interest could support the digital asset’s continued rally.

Post-ATH Struggles and Wallet Dump Allegations
After dropping below $3.4 on July 23, XRP has seemingly oscillated between $3 and $3.13, even as other top altcoins like ether (ETH) and BNB have recorded impressive gains. Despite this recent stagnation, XRP remains a standout performer, boasting a 45% increase over the past 30 days and a remarkable 430% surge in 12 months, solidifying its position as one of the best-performing digital assets.
Several factors have converged to fuel XRP’s significant rise, and key among them are the ongoing legal victories achieved by its issuer, Ripple, in its high-profile battle against the U.S. Securities and Exchange Commission (SEC). Furthermore, the emergence of a more pro-crypto U.S. government, coupled with speculation that XRP could be included in America’s nascent digital asset stockpile, has provided a substantial boost to the cryptocurrency.
However, since reaching a new high on July 18, XRP has notably struggled to maintain its upward trajectory. In fact, after peaking at $3.64 on July 21, the digital asset has trended downward. Some market observers have attributed this decline to reports alleging that a crypto wallet linked to Ripple co-founder Chris Larsen offloaded millions of tokens onto exchanges starting around mid-July.
As highlighted by a Bitcoin.com News report, these significant transfers reportedly coincided with XRP’s rally. Despite these large movements, the wallet in question reportedly still held over 282 million XRP.
Expert Outlook: Bullish Conviction Amid Volatility
While the controversy surrounding the Larsen wallet transfers and their potential implications will undoubtedly continue to draw attention, some analysts insist that this should not necessarily be interpreted as a bearish signal for XRP.
Figures like James Toledano, Chief Operating Officer (COO) at Unity Wallet, maintain that the fundamental drivers behind XRP’s surge—namely the optimism surrounding a potential XRP exchange-traded fund (ETF) and increasing legal clarity—remain firmly intact. Therefore, despite recent volatility and a significant liquidation of long bets on XRP, which have dampened overall bullish sentiment, Toledano projects that the rally is poised to continue.
“With the SEC maintaining a softened posture, many see a structural step forward for XRP’s legitimacy in U.S. markets,” Toledano stated in a note sent to Bitcoin.com News. “Despite recent volatility and $105 million in liquidations, improving liquidity, growing institutional flows, and ETF-driven optimism are aligning, making a continued rally plausible if inflows and optimism continue to converge.”
Toledano’s optimistic sentiments are echoed by a Motley Fool report, which praises XRP’s institutional strategy as “compelling” and identifies future ETF approval as a catalyzing event for the digital asset. Nevertheless, the report cautions that until such a catalyst is realized, XRP’s timetable is hazier, and “gains derived from institutional onboarding will be piecemeal rather than all at once.”
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Stablecoins are redefining global payments with unmatched speed and efficiency, as Ripple’s RLUSD gains traction amid soaring demand across volatile markets and underserved financial corridors.

Ripple Names Stablecoins as Core to Fast, Low-Cost Payments in Volatile Markets
Ripple published a report on July 25, examining the role of stablecoins and highlighting leading payment providers shaping global finance in 2025. The report emphasized that these digital assets are becoming essential tools in global payment systems, especially in regions where economic instability limits access to U.S. dollars. Ripple stated:
Stablecoins like USDC, USDT, RLUSD and newer region-specific tokens are being integrated into wallets and payment platforms worldwide—especially where access to USD is limited and there is greater currency volatility.
As a result, businesses are increasingly turning to stablecoins to reduce costs, accelerate settlements, and expand into underserved markets.
Ripple’s RLUSD stablecoin, backed by segregated cash reserves, is integrated into Ripple Payments—a licensed network operating in over 90 payout markets and supporting more than 55 currencies. Circle’s USDC is widely adopted for B2B and remittance use cases, with backing from major players like Visa and Stripe. Tether’s USDT continues to lead in usage volume, especially in peer-to-peer transactions within emerging economies.
These providers differ in reserve structures, supported blockchains, and compliance frameworks, making it critical for businesses to evaluate providers based on corridor coverage, payout methods, and integration capabilities.
The report also detailed how traditional financial firms are embracing stablecoin-based innovations. Visa has processed over $225 million in stablecoin settlements through pilot programs. Mastercard is offering stablecoin-linked cards, and Worldpay is expanding payout options across the U.S. and Europe. “As the world moves toward decentralized finance, stablecoins and fintech innovators are transforming global transactions,” Ripple concluded, emphasizing:
From blockchain-based networks to mobile money aggregators, the financial services ecosystem is evolving fast and the increase in stablecoin adoption is just one example of this shift.
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A $75 million offering fuels a major leap into bitcoin and digital assets as Bakkt sharpens its focus on treasury growth and crypto infrastructure dominance.

Bakkt Unveils $75M Offering to Expand Digital Asset Treasury and Crypto Footprint
Bakkt Holdings Inc. (NYSE: BKKT) announced on July 28 the pricing of its underwritten public offering, revealing plans to raise approximately $75 million through the sale of 6,753,627 shares of Class A common stock and 746,373 pre-funded warrants. Shares were priced at $10.00, while the warrants were offered at $9.9999, which reflects the $0.0001 per share exercise price. The offering is expected to close on or around July 30, 2025, subject to standard conditions.
“The gross proceeds from the offering, before deducting underwriter discounts and commissions and other estimated offering expenses, are expected to be approximately $75 million,” the company confirmed, adding:
Bakkt intends to use the net proceeds from the offering to purchase bitcoin and other digital assets in accordance with its investment policy, for working capital and for general corporate purposes.
Conducted under a shelf registration statement declared effective by the U.S. Securities and Exchange Commission (SEC) on July 3, 2025, the offering is being managed by Clear Street LLC and Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC. Bakkt also granted underwriters a 30-day option to purchase up to an additional 1,125,000 shares and/or prefunded warrants.
Bakkt is a publicly traded firm on the New York Stock Exchange but remains approximately 55% owned by Intercontinental Exchange (ICE), the parent company of the NYSE. While investors can trade Bakkt shares on the open market, ICE retains a controlling interest, providing continued oversight and strategic alignment. Bakkt, founded in 2018, has focused on institutional-grade solutions for digital asset engagement.
Its board formally approved an updated corporate investment policy on June 10, enabling treasury allocations into bitcoin and other digital assets. Co-CEO Akshay Naheta stated:
This initiative is intended to support Bakkt’s transformation into a pure-play crypto infrastructure company and to enable us to strategically add bitcoin and other digital assets to our treasury.

#Binance #wendy #BTC $BTC

Bitcoin is holding steady on July 29, 2025, with a price of $118,424, positioning itself within a $117,498 to $119,026 intraday range. With a market capitalization of $2.35 trillion and a 24-hour trading volume of $41.22 billion, the cryptocurrency is currently exhibiting technical signs of consolidation amid a broader uptrend.

Bitcoin
On the daily chart, bitcoin remains in a broader uptrend but is clearly transitioning into a consolidation phase following its peak near $123,236. Price action has stabilized between $118,000 and $120,000, accompanied by a notable red volume spike after the top, which may indicate distribution. While the price still trades above key moving averages such as the exponential moving average (EMA) and simple moving average (SMA) for 10, 20, 30, 50, 100, and 200 periods, momentum is fading. A breakout above $120,500 supported by volume could confirm bullish continuation, while a drop below $116,000 would shift the bias to bearish.

BTC/USD daily chart via Bitstamp on July 29, 2025.
The 4-hour BTC/USD chart highlights a recent V-shaped recovery from $114,500 back to approximately $119,826, yet the bounce has shown weaker volume, implying lower conviction. Structurally, this timeframe suggests a developing lower high—typically a bearish signal—unless resistance at $119,826 is decisively breached. A close above $120,000 on rising volume could validate a bullish reversal. Conversely, a drop below $117,500 could signal renewed downside pressure, with support next seen near $114,500.

BTC/USD 4-hour chart via Bitstamp on July 29, 2025.
Looking at the 1-hour chart, the price reflects a choppy, indecisive pattern marked by lower highs and lows, followed by a modest recovery. Buyer activity was noted near the $117,400 zone, but conviction remains muted. The asset is currently ranging with a slight upward tilt. A short-term scalp opportunity may arise if bitcoin closes above $118,800 with volume confirmation, while a rejection near $119,200 or a breakdown under $117,500 would support short entries.

BTC/USD 1-hour chart via Bitstamp on July 29, 2025.
Oscillator readings underscore the current neutrality in momentum. The relative strength index (RSI) is at 60, the stochastic %K at 58, the commodity channel index (CCI) at 26, and the average directional index (ADX) at 25—all signaling neutral sentiment. Meanwhile, the awesome oscillator prints a 4,041 value, also neutral. Only the momentum oscillator indicates a bullish sign, while the moving average convergence divergence (MACD) level shows a bearish signal at 2,066, pointing to the current technical indecision in the market.
Moving averages paint a generally bullish picture across all major timeframes. All exponential and simple moving averages from 10 to 200 periods are flashing positive signals. Notably, the 10-period EMA and SMA stand at $118,260 and $118,373, respectively—just below the current price—providing short-term support. The consistency of bullish signals from these trend-following indicators adds weight to an optimistic bias, provided bitcoin can maintain its footing above key levels and break through near-term resistance.
Bull Verdict:
If bitcoin’s price can decisively break above the $120,500 resistance zone with accompanying volume, the broader uptrend remains intact, signaling renewed bullish momentum. The consistent buy signals across all major exponential and simple moving averages reinforce this outlook, pointing toward a potential retest of the $123,000 high and beyond.
Bear Verdict:
A confirmed breakdown below the $117,500 threshold, especially if followed by a close under $116,000, could negate the bullish setup and usher in a deeper correction. With weakening momentum on multiple timeframes and a bearish MACD divergence, a failure to hold key support levels could lead bitcoin toward the $114,500 zone or lower.

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The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on the other hand, would be classified as “financial virtual assets.”

Uruguay to Clarify Status of Bitcoin and Other Virtual Assets in New Regulation
The Central Bank of Uruguay has hinted at the issuance of new regulations to clarify the status of bitcoin and other virtual assets and the licenses that virtual asset service providers (VASPs) must obtain to provide trading and custody services for these assets.
At the Blockchain Summit Global conference, held in Montevideo, Patricia Tudisco, Superintendent of Financial Regulation at the Central Bank of Uruguay, revealed that some elements needed to be addressed in the previously approved cryptocurrency law, given the new developments regarding international compliance.
One of the elements that the bank needs to address is the differentiation between “financial” and “non-financial” virtual assets, given that the previous law includes even the latter in its scope.
She stated:
This fundamental distinction is made because, for the ‘virtual financial asset service provider,’ the focus of regulation is on consumer protection and anti-money laundering issues.
She added that for the so-called “non-financial” virtual assets, the focus would only be on anti-money laundering issues, dropping the consumer regulation elements.
Tudisco stressed that, under the central bank’s consideration, bitcoin would be classified as a non-financial virtual asset, meaning that companies only providing custody of these assets would not have to acquire a license for their activities.
In opposition, centralized stablecoins such as USDT would fall under the classification of financial virtual assets, with companies providing stablecoin services having to apply for a more comprehensive license.
“That’s why I was telling you about this review, which I think should be considered at some point, because in other countries the regulation was based on the activity, on the services provided, without considering what the specific purpose [of the virtual asset] was,” Tudisco concluded.
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Bitcoin’s early adopters are stirring again—this time, moving 770 BTC valued at just over $90 million. The dormant stash was split into six separate transfers over the last two days, marking the first activity from these vintage wallets in years.

6 Transfers, Zero Shockwaves: Sleeping Bitcoin Awakenings Barely Moves Market Price
Bitcoin’s deep-pocketed old-timers aren’t done yet. Just days after Bitcoin.com News highlighted a major awakening analysis—101,003 long-dormant BTC moving in 2025—another 471.8678 BTC quietly left cold storage. Now, the trend continues with six more transfers totaling 770.05895253 BTC on July 28 and 29, according to btcparser.com stats.
The biggest of the bunch came from a wallet born on March 27, 2013, when bitcoin closed the day at just $83.42. That stash—originally worth $28,618.38—moved 343.00105824 BTC, equal to $40.38 million using exchange rates at 11 a.m. Eastern on Tuesday. After this hefty send at block heights 907601 and 907637, two 2016 wallets sprang to life, each making a separate move—20 BTC and 25 BTC, respectively.
One was set up on May 29, 2013, and it moved 20 BTC. The other, created on June 17 that same year, transferred 25 BTC. Next up, likely the same entity behind the 343 BTC transfer at block height 907594 appeared again—at block 907670, when it sent out another 330 BTC. This wallet, like the first, dates back to late March 2013, specifically the 24th of that month. Five blocks later, a long-silent wallet from May 27, 2017, came to life, sending 22.36 BTC.
Tuesday also brought another rare appearance from the early days—a vintage 2011 wallet moved coins for the first time in nearly 14 years. Originally created on Aug. 28, 2011, the legacy Pay-to-Public-Key-Hash (P2PKH) address transferred 29.69 BTC, valued at $3.4 million. The P2PKH address still holds 37.629 BTC, worth $4.4 million. Despite the flurry of activity from old wallets, bitcoin’s price has held steady—even after 80,000 BTC reportedly hit the open market.
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Bitcoin exchange-traded funds (ETFs) broke back into strong inflows with $157 million on Monday, while ether ETFs extended their incredible streak to 17 consecutive green days, adding $65 million despite significant outflows on two funds.

Ether ETFs See $65 Million Inflow As Bitcoin ETFs Return to Strong Inflows
Markets opened the week on a bullish note, with crypto ETFs attracting solid inflows as investor confidence surged. Bitcoin ETFs regained momentum after last week’s mixed performance, while ether ETFs continued their relentless inflow streak, now hitting an impressive 17 days.
Bitcoin ETF activity was concentrated in just a handful of players. Blackrock’s IBIT dominated the day with $147.36 million in inflows, cementing its role as the market leader. Fidelity’s FBTC followed with $30.88 million, and Grayscale’s Bitcoin Mini Trust chipped in $10.98 million.
However, it wasn’t all green. Ark 21shares’ ARKB lost $17.45 million, and Bitwise’s BITB saw $14.76 million exit. Still, net inflows closed strong at $157.02 million, with $3.34 billion in value traded and net assets rising to $153.19 billion.

Bitcoin ETFs inflow recovery. Source: Sosovalue
Ether ETFs, meanwhile, kept the inflow streak alive despite facing significant pushback from two major funds. Blackrock’s ETHA single-handedly carried the day with $131.95 million inflow, but that dominance was partially eroded by Fidelity’s FETH posting a $49.23 million outflow and Grayscale’s ETHE bleeding $17.58 million.
Even so, the sector managed a $65.14 million net gain, pushing net assets to a record $21.53 billion, with $1.91 billion traded.
Both asset classes remain on strong footing, but ether’s consistency continues to steal headlines, especially as it nears the psychological $22 billion ETF milestone.
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Grove Finance has officially launched on the Avalanche network, targeting an initial investment of up to $250 million in real-world assets (RWAs) as part of its institutional-grade credit protocol.

This initiative aims to enhance Avalanche’s institutional ecosystem by introducing new capital and partners, including Centrifuge and Janus Henderson, which manages $373 billion in assets. The collaboration is designed to leverage Avalanche’s speed, low fees, and transaction finality to create programmable credit strategies that align with regulatory standards. Grove’s deployment is the first step in a broader roadmap to modernize financial infrastructure and streamline workflows for both retail and institutional investors. The partnership aims to bridge decentralized finance (DeFi) with traditional markets, setting a new benchmark for onchain institutional credit.

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Jürgen Schaaf, Advisor to the Senior Management of Market Infrastructure and Payments at the ECB, has warned about the potential impact of stablecoins in Europe, claiming that they could weaken the banking system by diverting deposits to decentralized alternatives.

ECB Adviser Jürgen Schaaf Warns About Potential Erosion of the Banking System by Stablecoins
European authorities are growing concerned about the effect of the rising popularity of stablecoins on their domestic banking and payments systems. Jürgen Schaaf, Advisor to the Senior Management of Market Infrastructure and Payments at the European Central Bank (ECB), warned that an uncontrolled and unregulated adoption of stablecoins could bring growing pains to the Eurozone, potentially disrupting the European Union’s (EU) banking ecosystem.
In a recently published article titled “From hype to hazard: what stablecoins mean for Europe,” Schaaf claims that stablecoins are emerging from their infant stages, becoming more intertwined with traditional finance, meaning that a collapse “could reverberate across the financial system, and the risk of contagion is a growing concern for central banks.”
Schaaf explained that the recent enactment of the GENIUS Act might power the expansion of stablecoin adoption, given the lenient approach regarding compliance. He estimates that the stablecoin market cap might grow from $230 billion in 2025 to $2 trillion by 2028
This explosion can even disrupt the payments ecosystem as major credit companies like Visa and Mastercard are already integrating stablecoins as part of their settlement rails, and major retailers like Walmart and Amazon are exploring their usage.
He assessed that if stablecoins become widely used yield-bearing instruments, they might pose a threat to the dominance of European private banks, given their reliance on customer deposits.
Schaaf declared:
[Stablecoins] could divert deposits from traditional banks, which could jeopardise financial intermediation and hamper credit availability. This would be a bigger issue in Europe, where banks play a central role in the financial system and deposits are their main source of refinancing.
ECB President Christine Lagarde has also rejected the notion of using stablecoins as money, recently stating that their increasing adoption risks depriving actual money of its public good function and giving private parties the ability to set monetary policy.
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