Here is the latest crypto news today (July 3, 2025):
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🌐 Global & Asia Coverage
1. Chinese tech giants push for offshore Yuan stablecoin
JD.com and Ant Group are reportedly lobbying the PBOC authorities to allow the issuance of Yuan-based stablecoins abroad, particularly in Hong Kong, as an alternative to US dollar dominance — a step to expand the internationalization of the Yuan and strengthen China's position in the global stablecoin market (net market cap US $247 billion, potential US $2 trillion by 2028).
2. Bitcoin expected to rally by +45% in 12 months
Global X's Bitcoin ETF forecasts a potential rally of 45%, targeting US $200,000 by the end of July 2026. This is supported by an influx of over US $11 billion into the ETF, regulatory sentiment like the GENIUS Act, and strong institutional interest in digital assets considered 'digital gold'.
3. Pakistan offers crypto incentives to the US
Pakistan is expanding its diplomatic strategy: not only pursuing trade but also positioning itself as a “Bitcoin mining hub,” by approaching former Binance CEO, Changpeng Zhao (CZ), as an advisor, in an effort to forge economic-strategic relations with the United States.
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🪙 Products & Regulations
4. First Solana staking ETF in the US begins trading
ETFS REX-Osprey Solana + Staking (ticker SSK) debuted on July 2, 2025, offering a minimum allocation of 40% to offshore Solana ETFs and staking returns of around 7.3% per year. While this marks an important development, management fees are quite high (~1.4%) and demand still needs to be assessed.
5. Ripple continues to pursue national bank license in the US
In addition to continuing its bank charter application to the OCC, Ripple is also targeting a master account with the Fed for the RLUSD stablecoin. This is part of their strategy to be under full federal regulation, as Congress passes the GENIUS Act requiring stablecoin issuers to have a national bank license.
