Here is a summary of today's crypto news — July 8, 2025:
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🗞️ Main Highlights
1. Metaplanet (Japan) works on massive “bitcoin treasury” strategy
This Japanese hotel company — now a bitcoin investor — aims to hold 210,000 BTC worth approximately $23 billion by the end of 2027. They plan to utilize BTC as collateral to acquire digital banks and other financial businesses, similar to Michael Saylor's move at MicroStrategy.
2. UK prepares strict crypto tax regulations
Starting January 2026, HMRC requires users and crypto platform providers to report personal data (name, address, DOB, NIN). Violations could result in a £300 fine per party. This scheme is part of the Cryptoasset Reporting Framework aimed at closing reporting loopholes.
3. Fate of FTX funds in China & restricted regions
The trust of FTX creditors is expected to delay payments to regions like China, Afghanistan, and 47 other countries due to regulatory limitations. This affects about 5% of total claims worth $14 billion.
4. Corporate actions & crypto migration focus
Core Scientific fell ~18% after the announcement of an acquisition by CoreWeave worth $9 billion (66% premium).
Bit Digital rose 18% due to the transition from Bitcoin mining to focusing on ETH accumulation through $172 million funding.
5. XRP surges supported by ETF sentiment & whale-trade
XRP rose ~4.5% to $2.35, triggered by spot ETF grading and Grayscale increasing its exposure.
Large whale activity: 779,321 XRP withdrawn from Coinbase, triggering price increase projections of up to +600%.
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📈 Price Statistics & Sentiment
Bitcoin is trading in the range of $108,000–109,000, slightly decreasing due to uncertainty over US trade tariffs & global market sentiment.
Ethereum is stable around $2,550–2,600, with breakout potential above $2,600.
XRP is driven by optimism about ETFs and on-chain activity — breakout in the range of $2.35–2.38, with prospects 🚀 if it touches $3+.
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