Today in crypto, a significant Bitcoin transfer of $9.6 billion by a Satoshi-era whale, after 14 years of dormancy, has raised concerns about a potential price correction. The whale's action coincided with the introduction of the US GENIUS Act, which enforces stricter audit requirements for stablecoins. Meanwhile, the total cryptocurrency market cap approaches $4 trillion, bolstered by price surges in Bitcoin, Ethereum, and XRP. Bitcoin exceeded $120,000, while Ethereum rose to approximately $3,600 and XRP hit a 2025 high of $3.64. Additionally, the US House of Representatives passed three critical crypto bills aimed at establishing a regulatory framework for digital assets, including the Digital Asset Market Clarity Act and the GENIUS Act, amidst ongoing debates concerning central bank digital currencies. Republicans in Congress have called for unity on these bills ahead of the August recess, emphasizing their commitment to a rapid crypto agenda.

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