The U.S. House of Representatives is set to conduct a pivotal vote this week concerning the crypto market structure and the regulation of stablecoins. This legislative move aims to establish
Bitcoin has set a new all-time high (ATH) around $123,000, but cryptocurrency market inflows are still far from the peak observed back in 2024. Crypto Capital Inflows Are Currently Sitting At $51 Billion As pointed out by analyst Ali Martinez in a new post on X, there is a stark difference in capital participation between the current Bitcoin rally and the one from December 2024. Related Reading: Bitcoin Breaks $118,000—But Liquidity Still Thin, Glassnode Warns Below is the chart shared by the analyst that compares the two bull runs. The graph captures the 30-day capital flows occurring for Bitcoin, Ethereum, and the stablecoins. For the former two assets, it tracks them using the Realized Cap indicator. The Realized Cap is a capitalization model that calculates a given cryptocurrency’s total value by assuming that each coin in the circulating supply has its value equal to the last time it changed hands on the network. In short, what the metric represents is the amount of capital that investors of the asset as a whole have put into it. Changes in this indicator, therefore, correspond to the entry or exit of capital into the network. As is visible in the chart, the 30-day Realized Cap change for Bitcoin and Ethereum (colored in orange) has gone up alongside the latest price rally, indicating that capital has flowed into these coins. It’s also apparent that stablecoin flows (blue) have also noted an uptick, although the scale has been smaller. For stables, capital flow can be directly measured using the market cap, since their price is always pegged to $1 means that the Realized Cap never differs from the market cap. In the cryptocurrency sector, capital mainly comes in through three entry points: Bitcoin, Ethereum, and stablecoins. The altcoins usually only receive a rotation of capital from these assets. Since the flows related to the three have recently been positive, the market as a whole has been getting an injection of capital. In total, the aggregate capital inflows for the cryptocurrency sector have stood at $51.2 billion for the past month. This is certainly a sizeable figure on its own, but it pales in comparison to what was witnessed before. Related Reading: Bitcoin Price Breaks 8-Year Resistance Line That Failed In 2017-2021 As Martinez has highlighted in the chart, the monthly capital flows peaked at almost $135 billion in the December 2024 Bitcoin rally above $100,000, more than double the latest number. Something to keep in mind, however, is the fact that the previous run was more explosive, while the latest one has come in two waves: an initial recovery surge above $100,000 that led into a consolidation phase and the current breakout into the $120,000 levels. This could, at least in part, explain why the metric has appeared relatively cool recently. Bitcoin Price At the time of writing, Bitcoin is trading around $121,700, up nearly 3% over the last 24 hours. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
The prime suspect for the next demand zone was the highs set in February at $0.364.
BlackRock's Bitcoin ETF, IBIT, may soon achieve $100 billion in value. Institutional interest and Bitcoin's price surge contribute to ETF's growth. Continue Reading: BlackRock’s Bitcoin ETF Skyrockets in Value: Are New Records on the Horizon? The post BlackRock’s Bitcoin ETF Skyrockets in Value: Are New Records on the Horizon? appeared first on COINTURK NEWS .
BlackRock’s iShares Ethereum Trust (ETHA) has surpassed 2 million ETH in holdings, marking a significant milestone in institutional adoption of Ethereum. The ETF’s assets under management have surged past $5.5
The biggest crypto exchange platform, Coinbase, was at a pivotal crossroads during Monday’s trading session just after Bitcoin sailed to record price heights over the weekend. According to data from sources, Coinbase’s stock ended up 1.8% at $394.01 per share on the day. At the same time, shares hit a peak of $398.50. At today’s closing price, Coinbase has a market cap of nearly $100.36 billion, the highest market cap the crypto exchange has recorded in history. Bitwise CIO anticipates Coinbase becoming a trillion-dollar company at some point Coinbase shares have popped 50% in the past month alone in conjunction with the highly successful initial public offering (IPO) of Circle Internet Group and favorable regulatory changes in the United States. The crypto exchange also encountered a significant achievement on May 19 after adding it to the S&P 500 index. This milestone distinguishes Coinbase as the first cryptocurrency-focused company to gain entry into this benchmark, highlighting its growing legitimacy within the financial sector. This month, Coinbase experienced a steady increase in revenue that did not come from transactions in the last year, totaling $772 million in the first three months, according to analysis from sources. Last week, the company brought on a user named AlexOnchain to help increase its social media presence. Bitwise CIO Matt Hougan had previously forecasted Coinbase’s significant milestone. Based on his anticipation, the firm could eventually become a trillion-dollar company. On May 13, in an X Post , Hougan advised investors to choose a company currently worth less than $100 billion but has the best chance of reaching a value of over $1 trillion . He gave Coinbase as an example, which is valued at $61 billion. Coinbase’s stock rebounds amid growing adoption of cryptocurrencies On June 26, Coinbase’s shares had also experienced a surge, closing at a record high in a rally that increased the embrace of cryptocurrencies on Wall Street and Washington. This came after the stock of the crypto exchange operator jumped 5.5% to $375.07. That surpasses the previous peak of $357.39 in November 2021, only a few months after the company became public with a direct listing. Notably, Coinbase shares have soared more than 1,000% from a record low in late 2022, when the failure of FTX had cast further doubt on the digital asset’s future. The stock’s rebound came as cryptocurrency prices recovered, and the industry itself secured powerful new allies, including President Trump, a strong crypto supporter who has embraced crypto stances in the US. Another important milestone that contributed to the crypto exchange’s share surge was after the US Senate approved legislation for stablecoins pegged to the dollar, which are considered a promising payment method. Benchmark analyst Mark Palmer highlighted the significance of stablecoins in the company’s operations. According to him, revenues generated from stablecoins will probably enable the company to reduce its dependence on trading revenue, which is under pressure from competition. Following trade analysis, Coinbase’s main source of revenue has emerged from stablecoins. Therefore, with these new regulations, the crypto exchange will achieve financial stability and continuous success. Republican House leaders are preparing to pass a stablecoin regulatory bill this week, aiming to send Congress’s first major piece of digital asset legislation to the president’s desk. The vote marks the beginning of what supporters are calling “Crypto Week” — a series of decisions that could reshape the crypto landscape in the US. The proposed legislation, backed by industry leaders, is expected to bolster the adoption of dollar-based stablecoins. If passed, it would represent a significant win for crypto proponents, who collectively invested hundreds of millions of dollars during the last election cycle to help install lawmakers favorable to digital asset innovation, according to Federal Election Commission data. “The golden age of digital assets is here,” said Rep. Bryan Steil (R-WI), a key industry ally and chair of the House crypto subcommittee. President Donald Trump, now prioritizing digital asset regulation in his second term, has vowed to make the United States the “crypto capital” of the world. His family’s involvement in crypto ventures — which has reportedly earned them hundreds of millions of dollars — has drawn criticism from Democrats, some of whom have pushed, unsuccessfully, to include prohibitions targeting Trump-affiliated crypto businesses in the legislation. The House is also set to vote this week on two additional industry-supported bills: one to establish comprehensive market structure rules for cryptocurrencies, and another to block the Federal Reserve from launching a digital currency. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Solana has witnessed a notable surge in activity over the past week, fueled by a combination of heavy asset inflows and a renewed focus on older meme coins that continue to dominate trading volumes and investor interest. According to on-chain data from Artemis and deBridge, more than $125 million worth of assets have been bridged into Solana from other blockchains in the last seven days. REPORT: In the last 7 days, over $125 million bridged from other chains to @Solana , including $70 million+ from Ethereum alone. (A growth of nearly 40% compared to last week) pic.twitter.com/jMVTiJZ8jr — SolanaFloor (@SolanaFloor) July 14, 2025 Ethereum Fuels $70M Liquidity Wave Into Solana as Meme Coin Hype Cools Solana is experiencing a major liquidity revival, driven primarily by Ethereum, as the volume of bridged assets surges. According to data from Artemis, Ethereum accounted for over $70 million in inflows into Solana, representing nearly 56% of the total. Arbitrum followed with $14.1 million, while Polygon and BNB Chain contributed $7.5 million and $2.6 million, respectively. Other smaller chains made up the remaining $4.2 million. The total bridged volume into Solana rose by almost 40% week-over-week, with the Ethereum-to-Solana route emerging as the most dominant pipeline. Data from deBridge further confirms that $31 million in assets flowed from Ethereum to Solana alone. Source: solscan Much of this capital shift appears linked to a cooling off in the once-explosive meme coin launching frenzy. While Solana had previously seen a massive surge in new token launches, last week saw only 322,000 new token launches, a sharp slowdown compared to earlier peaks. This trend indicates a move back toward established projects and tokens. Interestingly, even during the heated rivalry between LetsBONK and Pump.fun, token activity remained relatively muted. LetsBONK graduated 1,243 tokens, double Pump.fun’s 622, and also launched 130,605 new tokens, significantly ahead of Pump.fun’s 77,250. Amid a slowdown in new meme coin launches, several older and more established Solana-based meme tokens are seeing renewed interest. Traders appear to be redirecting liquidity toward more recognizable assets, including Pepe ( PEPE ), Shiba Inu ( SHIB ), Dogecoin ( DOGE ), Bonk ( BONK ), and Pudgy Penguins (PENGU) , signaling a shift from novelty to familiarity. Source: Cryptonews PEPE has recorded a notable 23.73% increase in market capitalization over the past seven days and is now trading at $0.00001217. The token’s 24-hour trading volume stands at $5.87 billion, up 78.50% from the previous day. This surge in volume reflects a spike in market activity. As of today, PEPE’s market capitalization is $5.12 billion. Shiba Inu ( SHIB ), the second-largest meme token by market value, is also gaining traction. The token is currently trading at $0.00001329, up 14.9% over the past week and 0.6% in the last 24 hours. SHIB’s market capitalization is now $7.83 billion, ranking it 23rd in token market cap. Dogecoin ( DOGE ), the largest meme coin by market cap, is currently trading at $0.1982. It has risen 18.5% over the past seven days, reaching over $8.06 billion in market cap. Bonk ( BONK ) has captured significant market attention, with its price climbing 70% over the last 10 trading sessions. The token is currently priced at $0.00002719, reflecting a 6.27% increase in the past 24 hours. BONK’s market cap has climbed to $1.465 billion after gaining 33.9% in the past week. Pudgy Penguins (PENGU) has also experienced a sharp resurgence. The token jumped 48.2% in the last seven days, lifting its market capitalization to $1.918 billion. The sudden momentum was amplified by a surprise social media endorsement from TRON founder Justin Sun, further fueling investor interest. Together, these developments point to a broader trend of capital rotation back into familiar meme coins, as traders seek stability and momentum within the increasingly saturated meme token market. Solana Tops Q2 Revenue at $271M, Outpaces Ethereum, Bitcoin & Tron Meanwhile, Solana itself continues to outshine its peers in core metrics. The blockchain generated over $271 million in revenue in Q2 2025, outpacing Ethereum, Tron, and Bitcoin for the third consecutive quarter, according to Blockworks. REPORT: In Q2 2025, @Solana surpassed all L1 & L2 chains in network revenue, its 3rd consecutive quarter leading all chains. – Revenue: $271 million+ pic.twitter.com/ThpsVv97w5 — SolanaFloor (@SolanaFloor) July 7, 2025 Transaction volume on the network climbed 32% last week to 590 million, surpassing the combined activity of Ethereum, BNB Chain, and Polygon. Active addresses rose to 24.4 million, and fee revenue increased 44% to $7.68 million. Adding to the momentum is the anticipation around Solana ETFs. Polymarket data shows that traders now estimate a 99% chance that the U.S. Securities and Exchange Commission will approve a spot Solana ETF by the end of 2025. Bloomberg ETF analysts have sharply raised expectations for US approval of spot funds tracking Solana, Litecoin, and XRP. #ETFs #XRP https://t.co/dKK2ZIbW8c — Cryptonews.com (@cryptonews) July 1, 2025 Several major firms, including VanEck, Grayscale, 21Shares, and Bitwise, have already filed applications, signaling deep institutional interest. Bloomberg ETF analyst James Seyffart echoed the sentiment, saying , “We’re expecting a wave of new ETFs in the second half of the year. Solana is clearly leading that conversation.” Notably, Solana ( SOL ) is currently trading at $162.19, up 9.5% over the past 7 days. The token has also seen a sharp rise in trading activity, with 24-hour volume hitting $14.4 billion, a 133.4% increase from the previous day. Source: Cryptonews On July 12, analyst Ali Martinez shared a bullish outlook on Solana, highlighting a cup-and-handle pattern forming on the weekly chart, a classic bullish signal that often precedes major rallies. This is a critical level for Solana $SOL . A weekly close above $170 could ignite the next major bull run and open the gates to $2,000! pic.twitter.com/JjTaRdUL4h — Ali (@ali_charts) July 12, 2025 The pattern suggests that Solana has recovered from its past lows near $9.88, following a multi-year climb from its previous peak around $250. The recent price action appears to be forming the “handle” portion of the structure. Martinez points to $170 as a critical resistance level. A confirmed breakout above this level, particularly with a weekly close, could validate the pattern and trigger a strong upward move. Based on Fibonacci projections, potential price targets include $295 (a retest of the all-time high), with longer-term targets of $787, $1,314, and even $2,744. However, failure to break past $170 may lead to a pullback toward $135 or even $100, which has historically acted as strong support. The post Solana Sees $125M Surge as New Token Hype Fades—Old Meme Coins Back in Play? appeared first on Cryptonews .
Retail sales in Britain surged in June, giving the clearest indication yet that the British economy is starting to gain traction after months of dismal performance. Overall retail sales rose 3.1% compared with a year ago, the British Retail Consortium (BRC) said. The upturn was largely the result of warmer weather, which had prompted Britons to spend more on electric fans, sports, and leisure equipment. The bright weather also moved consumers out of doors, increasing spending on seasonal goods . The BRC’s Chief Executive, Helen Dickinson, said that food and non-food performances were good. “Retail sales heated up in June, with both food and non-food performing well,” she said. “Food sales remained strong, though this was partly driven by food inflation, which has risen steadily over the year.” Food sales alone rose 4.1% while non-food purchases rose 2.2%, overturning the retail sector’s drag on gross domestic product in May. Economic uncertainty and increased cost of living have made consumers tighten their belts this month. Businesses regain confidence The increase in retail spending is the latest in a series of indicators that point to the possibility that the UK economy is recovering after a weak spring. The economy shrank in April and May, the first consecutive contraction in economywide activity since 2009, as the country reeled from a combination of domestic and international forces, ranging from newly imposed tariffs by the United States to a hike in corporate taxes, and a national minimum wage that was raised that prompted businesses to pare back hiring and payroll costs. But the climate for business is improving. A purchasing managers’ index (PMI) published earlier this month indicated that private sector activity expanded quickly by nine months in June. That is for all of manufacturing and services. At the same time, a recent Bank of England survey showed that companies are ready to start taking on new staff again, which is good news for employment and consumer spending in the future. The survey found that companies planned to add to payrolls in the next 12 months by 1.1%, a sharp rebound compared to how cautiously the nation’s businesses began the year. Research fellow Paul Dales said in a note to investors that there was evidence to suggest the worst of the economic downturn had passed and that conditions were likely to improve. He added that although the recovery remained tentative, recent data indicated that confidence was returning in key sectors of the economy. Starmer leverages retail bounce for political relief The brighter economic horizon could not have come at a better time for Prime Minister Keir Starmer, who has been under pressure to produce results soon after assuming office . His administration has its hands full: from cost-of-living complaints to low productivity and slow growth. The recovery in retail sales, rising business confidence, and better labor market expectations offer a respite. It could give his administration the political room it requires to launch new reforms and investment plans without overshadowing a worsening recession. However, caution still abounds; amid ongoing global uncertainty, rising food prices, and potential interest rate changes from the Bank of England, economists said the trend indicates the UK could miss a prolonged recession. For Starmer, it may represent a narrow window of opportunity to cement public backing and stabilize the economy. Should these green shoots continue to flourish during the remainder of the summer and into the autumn, the UK could end 2025 with a stronger base for its economy than many dared to believe possible earlier this year. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As bitcoin (BTC) trades near $119,500, having just recently broken through another all-time high of $120,000 , digital asset investment products are also breaking records for inflows – but there's a regional disparity. According to CoinShares, U.S.-listed funds dominated with $3.74 billion in inflows, while Germany saw $85.7 million in outflows, underscoring a growing divergence in global institutional sentiment. This robust institutional appetite in the U.S. is exemplified by Vanguard’s evolving stance on crypto investments. Despite once branding bitcoin as an "immature asset class," the $10 trillion asset manager is now Michael Saylor's MicroStrategy (MSTR)'s largest shareholder, indirectly becoming the most significant Bitcoin holder in traditional finance, as Presto Research recently noted in a d aily markets update. Meanwhile, QCP Capital highlights in a recent note that institutional enthusiasm remains notably robust, exemplified by over $2 billion net inflows into spot BTC ETFs last week. Yet, derivatives markets suggest a more nuanced approach. Leveraged long positions are expanding aggressively, with perpetual funding rates approaching an elevated 30% and open interest surpassing $43 billion, levels unseen since BTC reclaimed $100k in January. Such aggressive positioning raises caution flags, recalling February's abrupt $2 billion liquidation event. “Froth is building,” QCP warns. BTC Continues to Outpace Luxury Watches Bitcoin (BTC) is up 27.87% year-to-date and 13.22% in the past month, easily outperforming the luxury watch market’s modest +4.5% rebound in Q2, according to a recent report co-authored by Morgan Stanley and WatchCharts. Gains were concentrated in flagship models, Daytona, Nautilus, Royal Oak, while brands like Panerai, Breitling, and IWC underperformed. Inventory for watches under $5,000 remains historically elevated, and dealer turnover in that range continues to lag. “Price recovery remains narrow and concentrated,” the report notes, driven by “renewed interest from high-end collectors and improved global risk appetite.” Both BTC and watches, it adds, tend to benefit from “expansionary monetary environments and periods of wealth creation.” But the speculative capital isn’t flowing evenly. Bitcoin has attracted more of the macro-driven bid, with institutional inflows and 24/7 liquidity making it the preferred high-beta asset. The pandemic-era correlation between BTC and watches, both beneficiaries of easy money and speculative excess, broke down in late 2023 with the approval of U.S. spot bitcoin ETFs. BTC has since matured into a macro-sensitive, institutionally backed asset, while watches have returned to their roots: fashion. Market Movements: BTC: Bitcoin briefly approached $123,000 before cooling off, while crypto-related stocks held modest gains and analysts said the market remains far from euphoric, with one projecting BTC’s $2.5 trillion market cap could eventually converge with gold’s $22 trillion. ETH: ETH surged past $3,079 in early trading on strong volume before retreating in the afternoon to settle near $3,011, forming a textbook breakout-pullback pattern with support holding above the key $3,000 level. Gold: Gold slipped 0.1% after hitting a three-week high amid renewed tariff threats from President Trump and focus on trade talks and U.S. data, while silver surged to its highest level since September 2011. Nikkei 225: Asia-Pacific markets opened mixed Tuesday, with investors brushing off President Trump’s tariff shifts and turning attention to upcoming Chinese economic data, while Japan’s Nikkei 225 remained flat. S&P 500: RBC Capital Markets raised its 2025 S&P 500 target to 6,250 from 5,730, but unlike Goldman and BofA, it expects little upside from current levels, with the index already above 6,280 as of July 11. Elsewhere in Crypto U.S. Banking Regulators Issue Crypto 'Safekeeping' Statement, Not Pushing New Policy (CoinDesk) China’s Stablecoin Studies Hint at 'Tiered' But Fractured Approach (Decrypt) Grayscale Files Confidential Submission for IPO With SEC (CoinDesk)
According to recent data from Strategytracker, Strategy (MSTR) has significantly expanded its bitcoin portfolio by acquiring 4,225 bitcoins last week. The company’s total bitcoin holdings now stand at an impressive