Here are additional crypto news for today, July 7, 2025, that have not been mentioned:
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📰 1. Elon Musk & Tether Regulation Sentiment
According to Cryptonews, amid a total crypto market correction of -1.5%, Elon Musk stated "fiat is hopeless" and expressed support for stablecoin regulations like the GENIUS Act in the US — an interesting correlation between social sentiment and stablecoin policy.
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🌏 2. Price Surge of Pi Network (PI) in Indonesia
The price of Pi Network (PI) today increased by +4.51% to around IDR 7,600 (USD 0.468), with trading volume soaring by 37%. Community sentiment is strong—88% bullish according to Pintu—and increased mining via the app has become a major catalyst.
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🚨 3. Significant Drop in Crypto Assets
A Gate report revealed the top five tokens with the worst performance in 24 hours: Pudgy Penguins (–5.3%), FORM (–3.1%), Jito (–2.6%), Aero (–2.2%), and **Nexo (–1.0%)**.
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💼 4. Metaplanet (Japan) Strengthens BTC Reserves
Metaplanet added 2,205 BTC (~USD 238.7 million) at an average price of USD 108,237, bringing the total to 15,555 BTC—with profit yield reaching 416% since the initial purchase.
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🌍 5. Coinfest Asia 2025 Ready to Be Held in Bali
The world's largest crypto festival, Coinfest Asia 2025, will take place on August 21–22 in Bali, featuring over 10,000 participants and Web3 figures such as the CEOs of Bybit, BitMEX, Binance, as well as local figures like William Sutanto (Indodax) and Tessa Wijaya (Xendit).
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💳 6. Bybit Expands to Georgia
Global exchange Bybit officially launched the BybitGeorgia.ge platform, becoming the first globally licensed exchange in Georgia. They also launched a bonus campaign of up to 115 USDT for new users until August.
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🔧 7. Hedera (HBAR) Potentially Testing US$0.80 Level
HBAR is gaining positive momentum—reportedly building an “enterprise muscle” foundation—and is expected to reach US$0.80 if the trend continues.
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