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. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
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…
Nvidia’s chief executive, Jensen Huang, is countering fears about artificial intelligence (AI) resulting in mass unemployment. Huang talked to CNN’s Fareed Zarkaria about AI as a positive force . He called it “the greatest technology equalizer the world has ever seen.” As Nvidia’s CEO noted in his paper, there will always be jobs, but AI is expected to alter working practices across every industry and profession. He said everyone else’s job would be 50% less than normal, but that didn’t mean there would be no jobs left for people. Work would change, not vanish, he argued. He said it is one example of how AI enables people who are (or aren’t) computer literate to become more productive. Huang mentioned the number of new users to ChatGPT, saying that even on their first try, they saw value in it. According to him, AI is just about the empowerment of people. On the other hand, Huang underscored that AI is a tool, not a weapon. Its filing times have gone from those built on specialized knowledge to becoming something AI should be able to handle in load times. He says the AI trend is not about devaluing human workers but valuing them more. AI will reshape the workforce with more opportunities Though the Nvidia CEO acknowledged that some jobs could be automated out of existence, he emphasized the potential for new opportunities. Huang said AI is not here to replace humans, but rather “to augment human capabilities.” He foresees new jobs in AI, from training models and engineering prompts to curating data, managing humans, and ensuring AI ethics. This is consistent with earlier shifts during the industrial and digital revolutions, when technology replaced some jobs but created many new industries and jobs. He added that AI was a “co-pilot,” rather than a competitor. Automation of repeatable and boring work can free humans from focusing on creative, strategic, and people work. He said this will improve health, education, financial, and agricultural systems. More crucially, Huang stresses the need for societies to retrain and educate workers to make this transition. People need to be educated to cohabitate and work with the AI, and riding the back of this dragon is the secret to a world and economy that spins ever upward. Nvidia challenges apocalyptic AI predictions Huang’s view contrasts with some of the more dystopian notes of the AI industry. In May, Dario Amodei, the CEO of the $61.5 billion artificial intelligence startup Anthropic, told Axios that AI might be able to strip half of all entry-level white-collar jobs from the global economy within the next five years. He warned that unemployment figures could climb double if the switch isn’t handled well, rebounding from 10% to 20%. In just a year, AI systems could write all the code a business requires, Amodei said. Some, such as Adam Dorr, an employee of the Wells research house RethinkX, believe that AI and robotics could automate away virtually all human labor by 2045. The transition will be difficult, Dorr told The Guardian, and there isn’t much time to get ready for the shift AI will herald. But Huang is still not caving to panic. He believes such doomsday scenarios fail to consider the possibility of AI as a force for good for humanity. “The effect of AI is not so much replacement but transformation,” said Huang. The AI revolution is being driven in no small part by Nvidia, which Huang heads. The company’s chips power some of the world’s most advanced AI models, such as the ones underpinning ChatGPT and other large language models. But Huang insists that such technology should empower, not replace, humans. As the world grapples with adapting its workforce for the era of silicon and artificial intelligence, Nvidia’s CEO offers a clear message: Don’t fear AI—use it to redefine the future of work. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now