The Crypto Basic

White House Crypto Report Preview Leaves Out #Bitcoin Reserve: Here’s What It Covers Instead. While the White House crypto report covers a wide range of issues, it leaves out one key topic: the Strategic Bitcoin Reserve and the broader plan to build a national stockpile of digital assets.

Crypto commentators have called attention to this omission, especially since President Trump signed an executive order in March to create both programs. The White House even hosted a Crypto Summit that same month to bring in industry voices on how to manage these reserves.

Despite that momentum, the new report offers no update on those plans. However, only the review has made it to the public. It remains to be seen if the full report will include this important aspect of the U.S. crypto journey. Notably, the report follows a strict timeline set by Trump’s executive order from January, which gave federal agencies 180 days to review existing crypto rules, suggest changes, and submit a full report to the National Economic Policy Office. Since then, the administration has moved to update crypto policy.

Just days after the order, the SEC launched a dedicated Crypto Task Force to draft new rules. In March, Trump ordered the creation of the Bitcoin reserve and national crypto stockpile.

The administration also disbanded the DOJ’s crypto enforcement team in April, signaling a softer enforcement approach. Then, in July, Trump signed the GENIUS Act into law, locking in a regulatory framework for stablecoins.

Meanwhile, the SEC under Trump scaled back and paused several high-profile lawsuits against crypto firms. The administration also rolled back Biden-era tax rules on crypto reporting, reducing compliance burdens for both users and businesses.
#CryptoNewsFlash

It is a new dawn for Bitcoin and Ethereum ETFs as the US SEC retraces an earlier decision to disapprove in-kind share creation and redemption.
The US Securities and Exchange Commission announced in a blog post on Tuesday that authorized participants can now buy and redeem crypto ETPs by converting them directly into the underlying asset. This decision followed an in-house vote on whether to permit this structural change.
A New Dawn for Crypto ETFs
Before now, the US SEC allowed investors to buy and sell ETFs with cash. This means that users with cryptocurrencies would exchange them for fiat before buying shares of both Bitcoin and Ethereum spot ETFs. During redemption, holders are also only converting their shares to cash, which creates selling pressure in the crypto market. Notably, the US SEC, under Gary Gensler, only approved this strategy for the two US spot ETFs in 2024. The agency mandated that issuers adjust their filings to withdraw in-kind creation and redemption as a precursor for approval.
However, the Paul Atkins-led SEC yesterday included in-kind share redemption as an option for crypto ETPs, including the Bitcoin and Ethereum spot ETFs approved earlier. In reaction, Atkins noted that this is a new dawn in the commission, as it continues to ease the earlier strict regulatory policy on the crypto industry. Furthermore, he emphasized that investors will be the core beneficiaries of the in-kind creations and redemption, as it cuts down the cost of these products and enhances their efficiency. Notably, it would also reduce the transaction costs incurred by selling shares of the funds and liquidating cryptocurrencies to buy them.
Remarkably, both Bitcoin and Ethereum-focused funds have done exceptionally well despite this impediment. Notably, the iShares Bitcoin Trust (IBIT) became the fastest-growing ETF in history. On the other hand, the success of the BlackRock iShares Ethereum Trust (ETHA) has aided the growth of the Ethereum spot ETFs. For context, ETHA is the third-fastest fund to reach the $10 billion milestone, doing so in 125 days.
#Crypto

Strategy Now Owns 628,791 #Bitcoin After New $2.5B Investment.

Strategy, the publicly traded firm known for its aggressive Bitcoin investment model, has announced a major purchase of 21,021 BTC.

Notably, this massive acquisition followed a record-breaking $2.5 billion stock offering. This latest acquisition increases the company’s total Bitcoin holdings to 628,791 BTC, cementing its position as the largest corporate holder of the cryptocurrency.

For context, the purchase was funded through Strategy’s fourth preferred stock offering, STRC, or Variable Rate Series A Perpetual Preferred Stock, which raised $2.5 billion by selling 28 million shares at $90 each.

The IPO, initially targeted at $500 million, was significantly upsized in response to strong investor demand. Consequently, it now stands as the largest initial public offering in the U.S. for 2025.

This milestone deal surpasses other major offerings this year, including stablecoin issuer Circle’s $1 billion public debut in June.

The newly acquired BTC came at an average price of $117,256 per coin. Considering the company’s historical acquisitions, its average BTC buy price now stands at $73,277. As of July 29, the firm has invested approximately $46.08 billion in Bitcoin. Notably, Strategy reported a 25% year-to-date yield on its BTC holdings.
#Crypto

Stablecoin Regulations Would Boost the US Dollar: BlackRock.
$12.5 trillion asset manager BlackRock has nodded to the growing narrative that stablecoins will boost the US dollar’s market dominance.
Analysts at the largest asset manager in the world shared in a weekly market commentary that stablecoins are a step in the right direction for the US dollar. This is because it would expose the titan fiat currency to new international use cases.
BlackRock strategists shared the view on the back of the new stablecoin regime in the United States. For context, a bipartisan effort in Congress ensured the passage of the GENIUS Stablecoin Act, the first federal crypto bill ever passed in the US, early this month.
The stablecoin market is slowly making its mainstream debut following the recent institutional interest in the sector. Notably, the stablecoin market cap has grown exponentially over the years, moving from under $50 billion in 2021 to $273 billion. Meanwhile, the recently passed GENIUS Act provides a clear regulatory framework for the sector, including precise guidelines for issuers on reserve allocation. BlackRock strategists highlighted that the mandate for issuers to hold their reserves in the US Treasury bills, repurchase agreements, and money market funds will boost the demand for these investment vehicles.
For context, Tether and Circle, the two largest issuers, hold a combined $120 billion in Treasury bills. While this accounts for only about 2% of the Treasury’s $6 trillion market, the explosive growth by these issuers and increasing demand for stablecoins suggest this percentage will increase over time.
For one, the US dollar dominates every other fiat currency, with perceived stability fueling its preference in international trade settlements. With cryptocurrencies, particularly Bitcoin, emerging as a strong competitor, US dollar-pegged stablecoins offer a lifeline for fiat currency. BlackRock highlighted that tokenized forms of the US dollar would bolster the dollar’s dominance, especially as institutional transactions are coming on-chain.

SEC Delays Decision on Truth Social #Bitcoin ETF Listing, Sets New Deadline for Sept 18, 2025.
#Crypto

A notable community figure has predicted that #XRP could cross its all-time high any day from now, further projecting a double-digit top by September. Zach Rector Predicts $XRP to Reach $15 by September 7, 2025, Says $5 Could Happen Any Day Now. In his latest disclosure, Rector presented a daily XRP chart showing the latest price movements. Within the chart, he designated two price regions, which he suggested could be XRP’s next target. The lower region rests around the $4 to $5 range. According to him, XRP could first soar to this $4 to $5 region any day from now.
With XRP currently trading for $3.26 at the reporting time, a rally to the $4 to $5 range would demand a mere 22.6% to 53.4% increase. For context, XRP rallied by a massive 64% when it soared from its July opening price of $2.23 to the latest peak of $3.66. This indicates that a further 53% increase is readily feasible for XRP.
Meanwhile, Rector believes the $4 to $5 range will only be the starting point. The market pundit placed his second target region around the $7 to $15 price level. According to Rector, XRP will likely claim this $7 to $15 region by Sept. 7, 2025, six weeks from now.
Specifically, at XRP’s current price, a run to a range between $7 and $15 would require an increase of 114% to 360%. However, if XRP had already claimed the initial $5 target, soaring to the $7 to $15 region would require a further 40% to 200% rise.
Besides Rector, other market commentators have also discussed XRP’s potential to reach the $4 to $5 range, as well as the $7 to $15 price level. As early as January this year, analyst Dark Defender suggested that XRP was already warming up to hit the $4.1 to $5.85 price range. According to him, these prices aligned with the next target Fibonacci levels.
However, market veteran Ali Martinez suggested that this run could push XRP further to the $15 price target.
#CryptoNewss

#Tether CEO Confirms Incoming US-Compliant Stablecoin.

Tether, the leading stablecoin provider by market value, is planning a comeback in the U.S. with a new, fully compliant domestic stablecoin.

The move follows the recent enactment of the GENIUS Act. The landmark regulatory framework is designed to govern the stablecoin ecosystem within the United States.

In an interview with Bloomberg, Tether CEO Paolo Ardoino revealed that the company is close to announcing a new U.S.-focused stablecoin, designed from the ground up to meet the American regulatory standards. The token is expected to launch by the end of 2025. It will cater primarily to institutions such as banks, fintech firms, and payment processors.

President Donald Trump signed the GENIUS Act into U.S. law on July 17, 2025. The law, titled Global Enforcement and National Innovation for Ubiquitous Stablecoins, has introduced a dual-track regulatory system for stablecoins. It offers a legal framework for domestic and international issuers, requiring rigorous reserve backing, third-party audits, and redemption guarantees.

For Tether, long criticized in the U.S. for its opaque practices, the act provides a long-awaited chance to operate on U.S. soil within a clearly defined legal environment. As part of its compliance efforts, the company will register USDT under the foreign issuer pathway. At the same time, it will launch its new U.S.-compliant token in parallel.
#Crypto

Following another #XRP bullish moving average crossover, a market analyst has presented two possible price targets, citing historical context. This commentary, which came from EGRAG Crypto, emerges as XRP sustains its gains from the recent market-wide upsurge.
Now, in the current cycle, XRP first saw a bullish cross in November 2024, leading to the initial 580% surge to $3.4 before the pullback and subsequent consolidation. With XRP now recovering from this consolidation, EGRAG confirmed that a second bullish cross has emerged.
The market analyst suggested that this second cross marks the beginning of the end of the current bull run, as it would lead to XRP’s second leg up. He pointed out that the average duration it took for both cycles to reach their respective tops is 73 days. As a result, he believes this could be the timeline for XRP to hit its top for this cycle.
For context, this 73-day duration leads to early September. As a result, EGRAG suggested that he expects XRP to reach its cycle top in the first or second week of September.
Meanwhile, regarding the price, EGRAG has two targets, drawing inspiration from the last two cycles. Notably, in the 2017/2018 cycle, XRP rallied 1,600% to $3.8. If a similar run occurred now, it could hit $37. However, in the 2020/2021 cycle, XRP surged 585% to $1.96. If it replicates this instead, the top for this cycle will be $15.
#Crypto

Over 310M $DOGE In 48 Hours: #DOGECOİN Whales Are Massively Buying the Dip.
While some panicked over the recent correction, Dogecoin whales are leveraging the dip to acquire the prominent memecoin at a lower price.
Aside from a broader bearish market trend, a recent analysis suggested that the Dogecoin dip is simply a retest of a 146-day ascending channel from which it recently broke out. Dogecoin whales appear to share this sentiment, evident in the massive accumulation.
Market expert Ali Martinez highlighted this accumulation disposition in the past two days, following DOGE’s ongoing dip. In a tweet, he shared that large Dogecoin whales have swallowed up 310 million DOGE, worth over $73 million at the current market price.
Notably, this buying spree came from one of the largest Dogecoin whale categories, specifically those holding between 100 million and 1 billion DOGE. An accompanying chart highlights a spike in acquisitions from July 17, followed by a consistent accumulation over the past 48 hours.
These whales now hold 25.42 billion DOGE worth billions of dollars following the recent purchases. Notably, this type of accumulation, especially after a brief profit-taking dip, sparks positive sentiment around a project and usually precedes a price rebound.
#crypto

Chartered Market Technician Tony Severino Predicts #XRP to Hit $13 within next 42 days. Notably, his commentary leveraged historical price movements to project when this final move could occur. According to Severino, XRP may hit its cycle top within the next 40 days, consistent with the timeline it took to claim 2018 bull run peak. Data from the analyst’s chart shows an extensive symmetrical triangle that formed on the weekly timeframe for over seven years.This triangle started taking shape after XRP collapsed from the $3.8 peak in January 2018. Amid XRP’s underperformance over the past few years, the triangle maintained its structure.Interestingly, when XRP rallied past the $1 and $2 psychological levels in November 2024, it secured a breakout above the triangle.This breakout faced a roadblock at the $3.4 peak in January 2025, leading to what looks like a smaller symmetrical triangle or bull pennant.
This small triangle lasted for six months, and XRP recently broke above it as well on the back of the latest run to $3.6. Now, Severino suggests this recent breakout could push further to a new all-time high of $13, marking a 261% increase from the current price and a 1,900% rise from the breakout point of the seven-year symmetrical triangle. His chart also shows that XRP has been following an Elliott Wave structure since Q4 2024. Accordingly, the Wave 4 formed when XRP retraced from $3.4 in January to the $1.96 low in June 2025. Now, the recent breakout marks the start of Wave 5, potentially leading to the $13 peak. Severino expects XRP to reach this top within the next six weeks or 42 days. Historical data shows the analyst’s projection is influenced by XRP’s 2017/2018 run. Specifically, after breaking out to $0.3988 in mid-2017, XRP entered a consolidation phase, similar to what happened from January. However, following a recovery, it took XRP six weeks to reach the cycle peak of $3.8 in January 2018. Severino shared an Elliott Wave visual predicting that after the Wave 5 peak of $13, XRP could face a corrective ABC structure.
#Crypto

US Senate Finally Unveils Draft Bill to Fully Regulate #Bitcoin and the Crypto Industry. Further, in the second section, the bill addresses the growing concern around crypto-related crime. It directs the Treasury to develop standards for financial institutions working with digital assets and encourages law enforcement and regulators to share information with private crypto companies.
However, the third section sets clearer expectations for banks and investment firms. Notably, it mentions how banks can work with digital assets legally and calls for consistent rules when institutions include crypto in investment portfolios. It also updates how firms should calculate capital when crypto transactions are offset between parties.
The final part of the bill addresses the future. Interestingly, lawmakers proposed a sandbox that lets innovators test blockchain projects with lighter oversight.
The bill also guarantees the right to self-custody, allowing individuals to hold and manage their crypto without going through a third party. In addition, it updates the SEC’s responsibilities to include support for innovation and urges regulators to align U.S. rules with global standards. Senator Tim Scott, who chairs the Senate Banking Committee, said lawmakers in both chambers share a common goal of creating fair rules that protect investors while allowing innovation to thrive in the U.S. He stressed the importance of keeping digital finance rooted in American soil. This bill follows a series of moves the federal government has made since President Donald Trump returned to office in January 2025.
Just days after taking office, he signed an executive order that created a task force focused on reforming crypto regulations. Also, another order rolled back earlier policies from the Biden administration. Congress also took major action this month during what many in Washington now call “Crypto Week.” For context, lawmakers passed three major bills aimed at creating a national framework for digital assets. One of them, the GENIUS Act, sets strict rules for stablecoins.
#Cryptonews

Elon Musk’s SpaceX Moves 1,300 #Bitcoin After Three Years of Dormancy.

As Bitcoin trades near record highs, SpaceX has moved over 1,300 BTC in a rare on-chain transaction, signaling renewed crypto activity from Elon Musk’s aerospace firm after a three-year break.

Today, Elon Musk’s SpaceX transferred a batch of 1,308 BTC tokens worth approximately $153 million to an unidentified wallet. This marks the aerospace giant’s first major on-chain transaction in over three years.

Data from blockchain intelligence firm Arkham shows the transaction occurred at 05:09:07 UTC on July 22, 2025. Despite the sizable transfer, SpaceX still holds 6,977 BTC, currently worth about $818 million, maintaining its position as a major corporate Bitcoin holder.

The last known crypto outflow from SpaceX occurred on June 10, 2022. On that day, the company transferred 3,505 BTC, then valued at approximately $102 million, to Coinbase.  Since then, the company has remained silent on the blockchain until today’s unexpected transaction.

This latest activity comes at a critical moment for Bitcoin, which is trading at $117,574, just 4.55% below its all-time high of $123,091, set on July 14. The bullish momentum in the market may have influenced the timing of the transfer.
#Crypto