Here is a summary of the latest crypto news today, July 9, 2025:
---
📰 Main News
1. ReserveOne plans IPO on Nasdaq worth > $1 billion
The new crypto holding company "ReserveOne" will go public via SPAC (M3-Brigade Acquisition V), targeting to raise over $1 billion. They focus on asset management such as BTC, ETH, and SOL. Major investors like Blockchain.com and Kraken have backed up to $750 million via equity and convertible bonds.
2. US House sets "Crypto Week" on July 14–18
The Republicans in the US House of Representatives will hold a "Crypto Week" to discuss three important bills: Genius Act (stablecoin oversight), Clarity Act (division of authority between SEC–CFTC), and Anti-CBDC Surveillance State Act (ban on CBDCs). This is in response to the loose regulatory approach during the Trump era.
3. Trump Media files Crypto Blue Chip ETF
Trump Media & Tech Group has filed a new ETF targeting a major crypto portfolio: 70% BTC, 15% ETH, 8% SOL, 5% XRP, and 2% CRO. This move follows a more crypto-friendly policy shift from the SEC.
4. SEC-US issues regulatory guidelines for crypto ETFs
The SEC has published new guidelines regarding disclosure and custodian control for crypto ETFs, marking a significant shift and speeding up the ETF approval process—from an average of 240 days to about 75 days.
5. Russian companies leverage crypto and gold for cross-border transactions
Russian companies are now using netting, gold, and crypto to evade US sanctions. They are also testing a "Transparent Blockchain" system to monitor crypto transactions, expected to be active by late 2025.
---
📈 Today's Market Movement
Bitcoin (BTC) stable around $108.6K (up ~1%)
Ethereum (ETH) up ~3%, moving at $2.6K
Total market cap down ~2.4–2.5%, with 95 out of 100 major assets in the green
Cronos (CRO) becomes the top-performing coin, up around 17–18% today
---
#
