Metaplanet has significantly expanded its Bitcoin holdings, acquiring 797 additional BTC as Bitcoin surges past $121,000, marking a pivotal moment in institutional crypto investment. The Tokyo-listed firm’s total Bitcoin portfolio
Michael Saylor has strategically liquidated several securities to bolster his company’s Bitcoin portfolio, elevating the total holdings to an impressive 601,550 BTC. This move underscores a continued institutional commitment to
Bitcoin’s recent price surge is driven by relentless accumulation from smaller investors, signaling strong demand despite market volatility. Data from Bitfinex reveals that new buyers are absorbing Bitcoin supply faster
Washington’s “crypto week” erupted into a fierce partisan battle in Congress. Republicans introduced a trio of bills to reshape digital asset policy, only to face sharp pushback from Democrats accusing them of favoring corporate interests over everyday Americans. The proposed legislation , comprising the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act, was introduced in the House of Representatives to address data privacy compliance and future digital currency systems. GOP lawmakers argue the bills are crucial to maintaining the US’s competitive edge in financial innovation. However, during a heated Rules Committee hearing on Monday, Democratic Rep. Jim McGovern denounced the initiative as a “crypto giveaway,” slamming it as a misguided effort that ignores the risks of crypto-related corruption. “I have not had one person in my district come up to me and say, ‘please, please Jim, make it easier for crypto millionaires to get richer, please make it easier to con people,’” said McGovern. “Yet that is exactly what is going on here.” The remarks were a direct jab at President Donald Trump’s increased activity in the crypto space, including his family-linked company World Liberty Financial and its associated stablecoin USD1 (and his meme coin, Official Trump). GOP defends innovation push In a rebuttal, Republicans said the bill is meant to future-proof the economy and maintain US competitiveness in a fast-evolving cryptospace. The GOP’s tactics were also a central focus when committee chairman Rep. Virginia Foxx gaveled in the session. Foxx described the GENIUS Act as historic legislation, stating that it would help drive responsible innovation in the United States. She added that Republicans look forward to working with businesses nationwide to fulfill the Act’s promise. The GENIUS Act aims to oversee stablecoins by establishing comprehensive federal standards for issuers. The CLARITY Act addresses deficiencies in digital asset market structure, and the Anti-CBDC Surveillance State Act seeks to prohibit a US Central Bank Digital Currency that the government would use, many Republicans fear to surveil private financial activity. Republicans argue that over-regulation should not stymie innovation and financial freedom. They say the bills will advance transparency, offer legal surety, and guard against harm to consumers while also helping to spur growth in the digital economy. Critics, however, argue that the legislation doesn’t do enough to tackle fraud and abuse. McGovern said the bills opened doors to hucksters and market manipulation and were tilted toward rich insiders rather than average investors. Lawmakers struggle to build bipartisan support Republicans face an uphill task despite their enthusiasm. With a narrow majority in the House and no Senate control, the GOP may rely on Democrats to progress the legislation in both chambers. Democrats are not budging easily. Those conflicts of interest, tied to Trump and spread across government, alarmed Representative Maxine Waters and Senator Adam Schiff. Schiff cautioned of “ dangerous entanglements ” between crypto firms and elected officials. Waters noted that many components of the bill aligned with the goals of Trump’s crypto-backed ventures. She emphasized that the American people deserved policies that protected their money, not schemes designed to enrich political allies. Some Democrats also said the legislation diverted the House from urgent matters, like preventing national security threats and addressing economic inequality. And even as crypto comes under greater scrutiny for fraud and instability, most recently in the unraveling of FTX and ongoing enforcement actions by the SEC, some lawmakers are raising questions about whether it’s time to ease up on oversight. The discussion on Monday turned temporarily to the Department of Defense Appropriations Act, dramatizing the extent to which the legislative calendar has become infused with tension and pressure. However, Republicans say they are committed to revisiting the crypto package before the August recess, which means they have just under two weeks to do so. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
dogwifhat cracks key resistance—Are traders bracing for a memecoin moonshot?
Bitcoin has reached new milestones this week, briefly breaking above the $123,000 mark earlier today before retracing slightly to $121,812 at the time of writing. This follows a week of strong gains, with BTC rising by more than 10% amid a broader uptrend in the cryptocurrency market. Despite the minor pullback, market analysts are closely monitoring on-chain and derivatives data to assess whether momentum is building toward a more aggressive phase of the rally. The recent surge has also benefited the broader cryptocurrency ecosystem, lifting total global crypto market capitalization to just under $4 trillion. Related Reading: Bitcoin Breaks Records: What Miners and Leverage Traders Are Doing Behind the Scenes While Bitcoin continues to dominate in terms of volume and influence, sentiment metrics suggest that traders and investors may still be approaching with measured optimism. According to analysts, several indicators are now pointing to a potential shift in market dynamics that could influence Bitcoin’s next major move. Market Euphoria Not Yet Confirmed CryptoQuant contributor Joao Wedson has offered insights into the current structure of the Bitcoin market through an analysis of the price gap between spot and perpetual futures contracts on Binance. In a recent QuickTake post, Wedson noted that the spot price of Bitcoin continues to outpace the perpetual futures price, a sign that market sentiment has not yet tipped into full euphoria. Historically, a positive gap between the two markets has signaled increased speculative activity and the onset of parabolic rallies. “The gap is still in negative territory,” Wedson stated, “but the narrowing trend indicates that sentiment may be transitioning from cautious to more optimistic.” The analysis implies that traders in the futures market have yet to aggressively price in further upside, possibly waiting for stronger confirmation before deploying leverage. Should this gap flip to positive territory, it could be interpreted as a sign of increased risk appetite, potentially fueling a sharper upward move. Wedson also emphasized the importance of monitoring how derivatives markets respond in the coming days. “If the trend continues and flips positive, we could see a more intense phase of the rally driven by leveraged traders,” he wrote. Until then, the current environment appears to reflect a market in the process of building a foundation, rather than one that has already entered a euphoric phase. Bitcoin Profit-Taking Remains Measured In another analysis, CryptoQuant’s Enigma Trader examined the Spent Output Profit Ratio (SOPR), a key indicator used to evaluate the extent of realized profits by Bitcoin holders. According to the post, SOPR levels have remained moderately above 1 as BTC hit new highs, suggesting that some profit-taking is occurring, but not at a rate that disrupts the broader trend. The analyst observed that a spike in SOPR around July 3–4 coincided with short-term holders taking profits. Related Reading: The Bitcoin Liquidity Supercycle Has Just Begun, Says Hedge Fund CEO However, this activity did not result in significant downward pressure on price. “This behavior points to a healthy price discovery process,” Enigma Trader noted, adding that such conditions typically support continued upward movement when demand remains intact. Featured image created with DALL-E, Chart from TradingView
Bitfinex analysts say this level of accumulation “supports the broader bullish narrative that new buyers entering the Bitcoin market are price-agnostic buyers.”
TRUMP TO TRAVEL TO PENNSYLVANIA FOR AI ENERGY SUMMIT AT 12:30PM ET
Coinbase is set to expand its digital asset offerings by listing PUMP on the Solana network starting July 15, 2025. This move complements the earlier announcement of PUMP’s availability on
On Monday, July 14th, the crypto market witnessed a slight slowdown in recovery momentum after a week of…