🔹 Bitcoin and major altcoin prices
• Bitcoin reached a record high, surpassing $118,000–$120,000, achieving a new ATH, with many analysts predicting a further increase of ~14% to $134,500 due to favorable technical patterns.
• Ethereum surges strongly, surpassing the $3,000 mark, accompanied by the attraction of ETF capital flow and institutional demand.
• XRP leads capital inflow into the spot fund with about $41 million, increasing ~25% on the day BTC surged.
🔹 Legal & regulatory news
• The GENIUS Act, a proposed stablecoin law, has been approved by the US Senate and will be reviewed by the House during 'Crypto Week' starting from 14/7/2025, alongside other laws such as the STABLE Act, CLARITY Act, and Anti CBDC Act.
• The lawsuit between BlockFi and the US Department of Justice has been settled, with a payment of $35 million related to crypto asset transactions.
🔹 Cash flow and new products
• Capital flows strongly into the XRP spot fund, while BTC/ETH experiences outflows.
• Several notable altcoins may list on Binance this month (e.g., Useless, Euler, Cronos).
• The PUMP token (Pump.fun) was launched via ICO on 12/7, priced at $0.004/token, but does not accept US users.
🔹 Security incidents and scams
• A prominent scam involving MoonPay: their CEO and CFO lost about $250,000 ETH after being impersonated by an email from the Trump inauguration organizers.
🔹 Important events & Unlocks in July
• A series of major events: Stablecoin Licensing in Hong Kong (1/8), notable token unlocks such as SUI ($128 million on 11/7) and subsequent unlocks throughout the month.
🧭 Market overview
• In June, crypto market capitalization increased slightly by 2.6% and saw strong ETF capital flows, reflecting positive sentiment despite political instability.