Here are the latest crypto news updates worth your attention:
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🌐 Summary of Current Crypto News (July 6, 2025)
1. U.S. “Crypto Week” Scheduled to Start on July 14
– The U.S. House of Representatives will hold “Crypto Week” from July 14–18, 2025, to discuss several important bills such as the GENIUS Act (stablecoin regulation), the CLARITY Act (clarity on regulatory jurisdiction), and the Anti-CBDC Surveillance State Act.
2. Coinbase Sets Record? Upward Prospects for COIN
– Bernstein analysts raised the price target for Coinbase (COIN) stock by 65%, calling it undervalued, especially if U.S. crypto bills are successfully passed. Its stock has reached new highs—$369 on July 1, 2025.
3. Bitcoin Rebound Stalled & Macro Pressure Correction
– Bitcoin briefly touched above $110,000 when U.S. labor data was released but fell about 1.2% after concerns over new tariffs by the Trump administration.
4. Robinhood Expands Crypto & Staking Services
– Robinhood reported that its stock hit an all-time high after launching new products: stock tokens, perpetual futures in the EU, as well as ETH and SOL staking services in the U.S.
5. Surge in Stablecoin & USDC–Circle
– Circle (issuer of USDC) has seen strong stock performance since its IPO, but the market value of USDC has stagnated, raising concerns about long-term revenue generation.
6. CBDC Pilots & Global Adoption
– Currently, 49 countries are running CBDC pilots, with China and India leading, while the U.S. has yet to take similar steps for now.
7. Spike in Physical Violence Related to Crypto
– There has been a drastic increase in kidnapping and physical robbery incidents against crypto holders in many countries—231 cases in the last 18 months.
8. Launch of Traditional European Bank Stablecoin
– Société Générale is set to launch a dollar-based stablecoin (USD CoinVertible) in July 2025, on the Ethereum and Solana networks.
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