Latest Crypto News: July 7, 2025
Bitcoin Sees Massive $8.6B Movement, Sparks Speculation
Over 80,000 $BTC
Bitcoin, dormant since 2011 and valued at $8.6 billion, moved across eight wallets on July 4, shocking the crypto community. Coinbase’s Conor Grogan noted a small Bitcoin Cash test transaction hours prior, suggesting a possible key-check or a larger strategic move. Speculation ranges from a whale shuffle to a historic hack, with no claims made yet. Bitcoin’s price dipped nearly 2% to below $108,000 amid this event.[](https://coinpedia.org/news/coinpedia-digest-this-weeks-crypto-news-highlights-5-july-2025)[](https://www.tradingview.com/news/cointelegraph:b431ea497094b:0-here-s-what-happened-in-crypto-today/)
U.S. Congress Gears Up for “Crypto Week”
Starting July 14, U.S. Congress will launch “Crypto Week” to fast-track blockchain and digital asset legislation, including the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act. Led by House Financial Services Chair French Hill, this push signals growing institutional support for crypto.[](https://coinpedia.org/news/crypto-news-today-latest-updates-on-july-4-2025)
Ripple and $XRP XRP Make Headlines
Ripple Labs applied for a U.S. national bank charter, following stablecoin giant Circle’s lead. XRP jumped 3% after the news, though a $50M settlement proposal with the SEC was blocked by Judge Torres. Analysts predict XRP’s rally could intensify with its XRPL EVM sidechain launch, boosting institutional adoption.[](https://x.com/CoinDesk/status/1940851938444054816)[](https://www.reuters.com/markets/cryptocurrency/)[](https://x.com/CoinDesk/status/1938234465857507652)
Coinbase and Robinhood Stocks Soar
Coinbase (COIN) stock surged over 40% year-to-date, driven by its dominance in crypto trading, while Robinhood (HOOD) rallied 130%, fueled by its expansion into tokenized US stocks and crypto futures in Europe using Arbitrum. Both platforms are capitalizing on a crypto-friendly regulatory shift.[](https://indexbox.io/blog/crypto-market-resurgence-in-2025-key-players-and-trends)[](https://www.tradingview.com/news/cryptonews:9d6b6f1ef094b:0-why-is-crypto-down-today-july-1-2025/)
Crypto Scams and Hacks Cost $2.5B in 2025
A CertiK report revealed $2.47 billion in losses from crypto hacks and scams in the first half of 2025, up slightly from 2024. Over 40 malicious browser extensions mimicking wallets like MetaMask were found on Mozilla Firefox’s store, highlighting ongoing security risks.[](https://bitpinas.com/feature/crypto-news-you-may-have-missed-this-week-july-06-2025)[](https://www.investopedia.com/cryptocurrency-news-5114163)
Top Coins to Watch
Analysts highlight Solana (SOL), Cardano (ADA), and Chainlink (LINK) for 2025 growth due to their robust tech and institutional backing. Solana’s low-cost, high-speed transactions and Cardano’s on-chain governance are drawing attention, while Chainlink’s partnership with Mastercard enables direct crypto purchases. Meme coins like LILPEPE and Dogecoin also remain popular for their community-driven potential.[](https://x.com/CoinDesk/status/1937520913668301119)[](https://bitcoinethereumnews.com/crypto/4-top-crypto-coins-to-buy-in-july-2025-and-hold-into-2026-for-maximum-returns/)[](https://nasdaq.com/articles/5-best-crypto-investments-besides-bitcoin-rest-2025)
Market Outlook
The crypto market cap fell 3.2% to $3.41 trillion, with Bitcoin at $106,000 and Ethereum above $2,400. Despite short-term volatility, analysts are optimistic about Q3, citing institutional confidence and policy shifts.[](https://www.tradingview.com/news/cryptonews:040d53046094b:0-live-crypto-news-today-latest-updates-for-july-2-2025-sec-issues-new-crypto-etf-guidance-here-s-what-issuers-must-disclose/)[](https://www.tradingview.com/news/cryptonews:9d6b6f1ef094b:0-why-is-crypto-down-today-july-1-2025/)
