The crypto market is showing bearish signals today, July 8, 2025, with the total market cap down 4.6%. Bitcoin$BTC
has dipped 1.5% to around $107,800, while Ethereum fell 1.7% to approximately $2,500. Here’s a roundup of the latest crypto trading news:
Market Movements: The crypto market experienced a mild decline, while U.S. stock markets saw sharper drops (S&P 500 and Nasdaq-100 down 0.79%, Dow Jones down 0.94%) due to tariff and global trade news. This suggests broader market caution, with muted crypto trading volume and rising volatility indicating trader hesitancy.
Institutional Moves: Nasdaq-listed Murano Global has adopted a Bitcoin treasury strategy with $500M backing, signaling growing corporate interest in crypto as a reserve asset. Meanwhile, KULR Technology Group secured a $20M Bitcoin-backed credit facility from Coinbase Credit, boosting its stock price by nearly 19%.
Regulatory Developments: The U.S. SEC acknowledged an ETF application from Truth Social for Bitcoin and Ethereum, reflecting continued mainstream adoption. In Europe, BBVA launched Bitcoin and Ethereum trading and custody for retail customers in Spain under EU MiCA compliance. Thailand introduced a five-year tax exemption on crypto trading capital gains through licensed platforms, effective from January 1, 2025, to December 31, 2029, aiming to foster digital asset growth.
DeFi and TradFi Convergence: Ripple’s acquisition of Hidden Road and the U.S. Federal Reserve easing restrictions on banks’ crypto exposure highlight increasing integration between traditional finance and decentralized finance (DeFi). JPMorgan noted fast convergence, citing pilots with Chainlink and Base.
Altcoin and Exchange Updates: Robinhood is expanding into crypto futures, offering micro contracts for Bitcoin, Solana, and XRP to attract retail traders. BexBack Exchange launched a promotion with a $50 welcome bonus and 100% deposit match, offering up to 100x leverage on futures for various assets. Dubai’s first tokenized money market fund, QCD Money Market Fund, received DFSA approval, marking a step toward tokenized financial products.
Security and Legal Notes: PeckShield reported a suspicious $175,000 transaction involving Peapods Finance, while Coin Center filed a lawsuit against the U.S. Treasury over Tornado Cash sanctions, alleging overreach.