Nearly $2.5 billion has been lost to hacks and scams in H1 2025, with major incidents including a $1.5 billion Bybit attack and a $220 million Cetus hack .
The Czech government Bitcoin scandal also unfolds, with 468 BTC (~$45 million) donated to the Justice Ministry by a convicted criminal—leading to political turmoil and ministerial resignation .
Coinbase’s acquisition of Liquifi highlights its preparation for potentially lighter U.S. regulation around token launches and issuance .
The U.S. House’s “Crypto Week”, scheduled for July 14, will feature debates on major bills (CLARITY, GENIUS, Anti-CBDC Surveillance Act) that may significantly alter crypto and stablecoin regulation .
Ripple has applied for a U.S. national banking license and a Federal Reserve master account, marking a major push toward integrating crypto firms into traditional finance .
Robinhood is expanding aggressively in crypto—with staking for ETH and SOL, tokenized equities in Europe, and a new blockchain for perpetual futures—cementing its role in the digital asset space .
Bitcoin ended Q2 at an all-time high, hitting roughly $112,000 in May. This strong quarter has set a solid footing, and bullish sentiment suggests it may soon surpass $120K .
2. Dormant Whales Reawaken
Two wallets from 2011—with some 20,000 BTC (over $2 billion at current prices)—have moved funds. While not sold yet, the moves caught attention due to their age and size .
3. Macro Tailwinds Point to New Highs
With rising U.S. government debt (debt nearing $40T) and money-supply expansion, many see momentum building toward a July rally. Some analysts (e.g., Bitwise) forecast Bitcoin reaching $136K, even $150K if fiscal policies continue .
4. Profit-Taking by Whales vs. Institutional Demand
While long-term investors may be taking profits, institutions are snapping up ETF shares. This balance is keeping Bitcoin in a tight range near record levels .
5. ETF Inflows and Regulatory Developments
Spot Bitcoin ETFs have attracted roughly $50 billion in inflows, underscoring strong institutional demand . Meanwhile, U.S. lawmakers (via the “Genius Act” and a forthcoming crypto executive order) may soon cement legal clarity for digital assets .
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BOB BUILDER
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Bullish
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