Summary
gm, The US House of Representatives passed two landmark bills - the CLARITY Act and GENIUS Act - establishing a comprehensive framework for crypto assets and stablecoins with unexpected bipartisan support. In parallel, institutional interest in Ethereum has surged dramatically, with ETH ETFs recording an unprecedented $726 million in single-day inflows, pushing its price above $3,600. Major banks are increasingly embracing blockchain technology, with Citi exploring the development of its own stablecoin for cross-border payments and corporations like BitMine Immersion, BlackRock, and Canary Capital enhancing their crypto offerings with substantial ETH acquisitions and applications for staking functionalities in ETFs.

News Headlines
📈 Crypto Market Cap Approaches $4 Trillion as ETH and XRP Lead Surge

  • The total cryptocurrency market cap has surged to nearly $4 trillion, with ETH jumping 7.2% to over $3,600 and XRP soaring 15.6% to $3.64, positioning crypto just behind Nvidia in market valuation.
  • Analysts attribute this bullish trend to regulatory support, institutional interest, and developments like the GENIUS Act, which could potentially unlock trillions in new capital for the crypto market.

💰 XRP Breaks All-Time High After Seven Years, Surpasses $3.40

  • XRP has surpassed its previous record of $3.40 set in 2018, achieving a new all-time high with a remarkable 36% increase over the past week.
  • The surge has propelled XRP ahead of Tether's USDT, making it the third-largest cryptocurrency by market capitalization with a total value exceeding $200 billion. Financial analysts project potential price targets of $5.50 by year-end.

🔍 Talos Acquires Coin Metrics Amid Surge in Crypto M&A Activity

  • Institutional trading technology provider Talos is acquiring data company Coin Metrics in a deal valued at approximately $100 million, marking the largest acquisition in Talos's history.
  • This move reflects rising M&A activity in the crypto sector, with Talos aiming to create a comprehensive solution by integrating its trading platform with Coin Metrics' market feeds and intelligence services.

🔐 RGB Protocol Launches on Bitcoin, Enabling Tokenized Assets and Stablecoins

  • RGB Protocol has officially launched on the Bitcoin mainnet, introducing support for tokenized assets including stablecoins, NFTs, and custom tokens directly on the Bitcoin network.
  • Tether's USDT will be the first stablecoin to utilize this protocol, allowing for fast and inexpensive transfers via the Lightning Network without requiring users to use other chains with varying trust risks.

📊 DEX-to-CEX Ratio Hits Record High as Crypto Traders Move to Decentralized Platforms

  • The ratio of decentralized exchange (DEX) to centralized exchange (CEX) trading volume reached a record 0.23 in Q2 2025, with DEX trading volumes rising 25% while CEX volumes declined 28%.
  • PancakeSwap led the charge with a 539% increase in volume totaling $392.6 billion, capturing 45% of all DEX trades, while perpetual trading on DEXs also hit an unprecedented $898 billion.

Market Metrics

Fundraising & VC
1. Spiko (Series A, $22M) - French fintech and tokenization platform
2. XMTP (Series B, $21M) - Decentralized messaging network
3. Blockskye (Series C, $15.8M) - Blockchain-powered corporate travel and payments platform
4. Fluent (Undisclosed, $2.2M) - Ethereum Layer 2 network

Regulatory
🚫 US Rep Declares "No Legitimate Use Case" for Crypto

  • Representative Stephen Lynch strongly criticized cryptocurrencies during a press conference, labeling them as scams primarily used for illegal activities like ransomware attacks.
  • Democratic lawmakers called for accelerated development of a central bank digital currency (CBDC) as a secure alternative to private cryptocurrencies.

💰 Trump Reportedly Weighing 401(k) Crypto Investment Options

  • President Trump is reportedly considering an executive order to allow American 401(k) retirement plans to invest in cryptocurrencies and other alternative assets.
  • The order would instruct regulatory agencies to identify and remove barriers to incorporating cryptocurrencies into retirement plans, marking a significant shift from previous restrictions.

⚖️ "Bitcoin Jesus" Roger Ver Sues Spain to Block US Extradition

  • Roger Ver filed a lawsuit against Spain to prevent his extradition to the US, claiming Spanish authorities violated his legal rights when approving the extradition.
  • Ver faces tax evasion charges related to allegedly failing to report $50 million in taxable income from Bitcoin sales in 2017 after renouncing his US citizenship.

🌉 Bank of America Eyes Stablecoins But Remains Cautious

  • Bank of America CEO Brian Moynihan reiterated the bank's cautious approach to stablecoins, citing regulatory uncertainty and insufficient client demand as obstacles.
  • This perspective contrasts with other financial institutions actively exploring stablecoin initiatives despite ongoing regulatory challenges in the US.

📱 Coinbase Rebrands Wallet as Base App, Creates "Everything App"

  • Coinbase has transformed its wallet into the Base app, described as a crypto-native "everything app" combining social media, trading, payments, and mini-apps in one platform.
  • The app integrates a social network powered by Farcaster, allows trading directly within social feeds, facilitates NFC payments using USDC, and hosts hundreds of mini-apps for various applications like gaming and prediction markets.

Technical Analysis
Bitcoin - Bitcoin shows strong development within a rising trend channel in the short term. Rising trends indicate that the currency experiences positive development and that buy interest among investors is increasing. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 107710. The objective at 115727 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 109000 points. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.

Ethereum - An approximate horizontal trend channel in the short term is broken up. Continued strong development is indicated, and the currency now meets support on possible reactions down towards the trend lines. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the currency has support at approximately 2770 points. The volume balance is positive and strengthens the currency in the short term. RSI above 70 shows that the currency has strong positive momentum in the short term. Investors have steadily paid more to buy the currency, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The currency is overall assessed as technically positive for the short term.