Here is a summary of the latest crypto news as of Saturday, July 12, 2025:
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📰 Today's Highlights
1. Bitcoin & Ethereum reach new records
Bitcoin broke new all-time highs, reaching around $118,000–$118,800 on July 11, thanks to strong support from institutional investors and a significant influx through spot ETFs and regulatory backing from the US.
Ethereum also hit the $3,000 range, and the momentum continued through July 12.
2. Crypto Legislation in the US: Crypto Regulation Holiday Week
Next week, the US House of Representatives will discuss three major bills: the GENIUS Act (stablecoins), the CLARITY Act (determining the roles of the SEC vs. CFTC), and the Anti-CBDC Surveillance Act. Potential approval could serve as a catalyst for the crypto market.
3. Small Wallet Accumulation & Corporate Initiatives
Glassnode analytics noted that small wallets (≤100 BTC) are accumulating ~19,300 BTC per month—outpacing mining output (~13,400 BTC), reflecting medium-term supply pressure.
Companies like Aker ASA are allocating part of their assets to Bitcoin as a hedge against inflation (~754 BTC).
4. Ethereum Exposure on Wall Street Increases
Companies like BitMine and Bit Digital are focusing their portfolios on Ethereum. The focus on staking, DeFi, and smart contracts is driving institutional capital into ETH.
5. XRP Heading for Breakout Test
XRP broke resistance and is now trading around $2.76 (+7%). The next target is in the range of $3.20–$3.40.
The XRP community highlights significant potential if Ripple obtains a national US bank charter and a spot ETF for XRP gets approval from the SEC.
6. Indokripto – First Crypto Platform on IDX
The Indonesian crypto exchange Indokripto (COIN) officially listed on the Indonesia Stock Exchange on July 9, 2025 (ticker: COIN) after an IPO at a price of Rp100 per share. This marks an important milestone for local crypto adoption and integration.
Crypto regulation in Indonesia is now under the OJK since January 2025 with stricter licensing, new taxes, and rapid growth in investors (~14.6 million).
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