Market Performance: The global cryptocurrency market cap stands at $3.68 trillion, up 6.12% in a day. Bitcoin is trading at $117,980, down 0.16%, while Ethereum is around $3,000, up 7%. Other cryptocurrencies like KNC, BAKE, and XLM are leading gains, with mixed performance across the board. The Fear and Greed Index has jumped to 67, indicating greed and potential overconfidence among investors.
Bitcoin and ETF Developments: Bitcoin has surpassed $118,000, with a modest 0.43% increase in 24 hours. U.S. Bitcoin spot ETFs have seen significant inflows, with some days exceeding $1 billion since their January 2024 launch. However, recent outflows of $342 million ended a 15-day $4.7 billion inflow streak, suggesting cooling institutional momentum.
Altcoin and ETF News: The REX-Osprey Solana + Staking ETF (SSK) offers Solana exposure with a 7.3% staking yield, potentially paving the way for XRP, Litecoin, and Cardano ETFs by year-end. Meanwhile, KraneShares has filed to launch a Coinbase 50 Index ETF to track the top 50 digital assets.
Emerging Tokens and Presales: New projects like MoonBull, CZ’s Dog Broccoli, Mr. Miggles, Arctic Pablo Coin, Simon’s Cat, Apu Apustaja, and Mutuum Finance (MUTM) are gaining traction. Mutuum Finance’s presale at $0.03 has raised over $11.8 million, with more than 12,800 investors. Other promising presales include Mufasa, Minotaurus, and AIcogni, focusing on AI and blockchain integration.
Regulatory Updates: The U.S. House of Representatives has declared July 14-18 as "Crypto Week," with debates on key bills like the CLARITY Act (market structure), Anti-CBDC Surveillance State Act (banning central bank digital currencies), and GENIUS Act (stablecoin regulation). A hearing on crypto tax policy is set for July 16. Senator Cynthia Lummis proposed tax legislation with a $300 de minimis exemption for crypto transactions starting in 2026.
Other Developments: Tether is discontinuing USDt redemptions on legacy blockchains to focus on scalable platforms. Avalanche has launched eERC for enhanced blockchain privacy. Russia is increasingly using cryptocurrencies to bypass Western sanctions, with a state-backed “Transparent Blockchain” system set to launch by year-end to trace crypto flows. However, scams and hacks have cost investors $2.5 billion in the first half of 2025.
Meme Coins and Gaming: Hamster Kombat’s Daily Cipher Code for July 12 offers 1,000,000 free Hamster Coins, with HMSTR tokens tradable on MEXC. Meme coins like PEPE, HYPE, and SUI are surging, with analysts predicting potential rallies for Litecoin (LTC), Filecoin (FIL), and Hedera (HBAR). $BTC $BNB $ETH #USCryptoWeek #TradingStrategyMistakes #ETHBreaks3k #ShariaEarn #TrumpTariffs
