Here is the crypto news for today, July 8, 2025:
---
🗞️ Latest Summary (July 8, 2025)
1. Bitcoin corrects slightly
Bitcoin price fell about 0.7% to around $108,300, nearing the all-time high of May (~ $112,000), affected by concerns over US trade tariffs and the halt in purchases by MicroStrategy last week.
2. US tariff regulations begin to haunt the market
President Trump threatens to impose tariffs of 25–40% on several countries starting August 1, putting pressure on technology and crypto markets. Nasdaq corrected about 0.8% after this announcement.
3. Ethereum & other altcoins weaken
ETH fell about 0.3–1.7%, trading around $2,500–2,567. Meanwhile, altcoins like Solana dropped 1.3%, XRP fell 0.3%, and DOGE rose 5.4% intraday.
4. XRP stabilizes in the range of $2.25–2.33
Technicals show a “death cross” pattern and bearish MACD in the short term. Ripple is also applying for a new bank license in the US—this could be a significant upward driver if authorized.
5. Corporate Bitcoin treasury & acquisitions
Murano Global (listed on Nasdaq) announced a Bitcoin treasury strategy with a fund of $500 million.
CoreWeave (backed by Nvidia) acquired Core Scientific for $9 billion as part of a shift to AI infrastructure.
6. Old Ethereum and Bitcoin wallets begin to activate
Two Ethereum wallets from the genesis block moved $2.9 million ETH after nearly 10 years of inactivity.
A Bitcoin wallet inactive since 2011 moved 80,000 BTC (~ $8.6 billion) on July 4.
7. Regulators & ETF regulation roadmap
The US SEC released guidance for crypto ETFs, clarifying disclosure requirements & accelerating the approval process for spot ETFs (Solana, XRP, meme-coin).
The “Crypto Week” in the US House of Representatives is scheduled for July 14–18, focusing on the Clarity Act, GENIUS Act, and anti-CBDC act.
---