Today's Crypto News: Key Developments and Market Movements
The crypto market is buzzing with activity today, July 31, 2025. Here are the top stories shaping the industry:
- Corporate Crypto Holdings Surge: Corporate crypto treasury holdings have topped $100 billion, with Ether buying accelerating. This milestone underscores the growing institutional adoption of digital assets.
- JPMorgan-Coinbase Partnership: JPMorgan Chase has partnered with Coinbase to allow its customers to buy crypto and redeem Chase Ultimate Rewards Points for USDC starting in 2026. This move bridges traditional finance with digital assets.
- SEC Approves In-Kind Crypto Transactions: The US Securities and Exchange Commission (SEC) has approved in-kind creations and redemptions for crypto exchange-traded products (ETPs). This decision is expected to reduce costs and increase efficiency in the market.
- Samourai Wallet Co-Founders Plead Guilty: The co-founders of Samourai Wallet have indicated they will change their not guilty plea to US charges related to their crypto mixing protocol.
- NFT Sales Surge: NFT sales have reached $574 million in July, marking the second-highest monthly total of 2025. The average sale value for NFTs has climbed to $113.08, the highest in six months.
- Bitcoin Price Movement: Bitcoin is currently hovering around $118,500, with analysts predicting a potential breakout. The market sentiment remains cautiously bullish despite the Federal Reserve's recent decisions
These developments highlight the dynamic nature of the crypto market and its growing integration with traditional finance. Stay tuned for more updates