Here’s today’s quick and simple crypto news for 📅 July 31, 2025:
Bitcoin is hovering around $118K after the U.S. Federal Reserve kept interest rates steady. ETH is trading above $3,800 and rebounded strongly today.
SEC rule update: Spot Bitcoin and Ethereum ETFs can now be redeemed “in-kind,” boosting liquidity. ETH ETF inflows have continued for over 18 straight days, showing strong institutional interest.
Big CoinDCX hack: A $44 million crypto theft in Bengaluru is under investigation. Officials suspect North Korean hackers and are probing a local tech expert.
Crypto banking: UAE’s RAKBANK is now the first regular bank in the Emirates offering crypto trading to its retail clients, under local regulations.
JPMorgan + Coinbase: Starting in fall 2025, Chase credit card users can buy crypto on Coinbase and convert reward points into stablecoins like USDC.
Crypto scams rising fast: AI-powered scams are up 456%, especially in cities like New York. Globally, over $10.7 billion was lost to crypto fraud in 2024.
