Crypto Week in the US ends with some victories for the crypto lobby, with the GENIUS Act headed to Trump’s desk. The US Congress has concluded its Crypto Week with the passage of the GENIUS Act and is sending other bills to the Senate after successful votes and no small amount of deliberation. The US crypto industry was jubilant as the House of Representatives passed the GENIUS Act — the industry’s flagship stablecoin bill — and sent it to the president’s desk for his signature. The stablecoin bill received bipartisan support after several rounds of revisions. The House also passed the CLARITY Act, the long-awaited market structure bill championed by the blockchain industry, as well as Republican Representative Tom Emmer’s bill that would ban the Federal Reserve from issuing a central bank digital currency (CBDC). Read more
A fake hardware wallet bought via TikTok led to a $6.9-million crypto theft; hackers are now targeting devices meant to keep funds safe. A person who bought what looked like a “sealed, brand-new” hardware wallet advertised on the Chinese version of TikTok was a victim of a $6.9-million crypto heist, losing all their funds in minutes. A late-night distress call to blockchain security firm SlowMist revealed one of 2025’s most devastating cryptocurrency thefts. Criminals are now exploiting the very security devices meant to protect users from online threats. It’s a sophisticated new threat in crypto fraud, and honestly, it’s a worry for many users to see hardware wallet tampering result in a multimillion-dollar criminal exploit. Read more
Ether is punishing shorts already, but another 10% ETH price upside will liquidate $1 billion, helping cement $4,000 in the process. Key points: Ether is currently forging a short squeeze that stands out in crypto history, says analysis. A 10% price increase would see another $1 billion in liquidated shorts. Read more
Charles Schwab plans to offer spot trading for Bitcoin and Ethereum, aiming to attract clients who want to consolidate crypto holdings with their traditional assets. Charles Schwab is preparing to expand its crypto offerings by launching spot trading for Bitcoin and Ethereum, according to CEO Rick Wurster. In an interview with CNBC on Friday, Wurster said Schwab clients already hold significant exposure to crypto via exchange-traded products (ETPs), owning more than 20% of the industry’s crypto ETP market. However, he noted that crypto still represents a relatively small portion of clients’ total wealth, around $25 billion out of $10.8 trillion. “We anticipate launching Bitcoin (BTC) and Ether (ETH) sometime soon so that our clients have access to that,” he said. “We think that will be an acceleration of our growth.” Read more
Cayman Islands-based Bullish has filed for IPO registration with the SEC, aiming to list on NYSE as “BLSH.” Bullish, a cryptocurrency exchange owned by Bullish Global, has filed for an initial public offering (IPO) in the United States. The Cayman Islands-based firm plans to list its ordinary shares on the New York Stock Exchange (NYSE) under the ticker symbol “BLSH.” The exact number of shares to be offered and the price range remain unspecified, according to a Friday F-1 registration statement filed with the US Securities and Exchange Commission (SEC). However, the exchange has granted the underwriters a 30-day option to purchase additional shares. For fiscal year 2024, Bullish reported a net income of approximately $80 million. However, despite this positive full-year result, the company experienced a significant downturn in the first quarter of 2025, reporting a net loss of $349 million compared to a $104.8 million net profit in the same quarter of 2024. Read more
Block’s inclusion in the S&P 500 comes just two months after crypto exchange Coinbase made history as the first cryptocurrency firm to join the index. Jack Dorsey’s financial services company, Block, Inc., surged almost 9% in after-hours trading on Friday following the news that it will be added to the S&P 500, the benchmark index of the 500 largest US companies by market capitalization. Block will replace US energy company Hess Corp on the S&P 500 before trading commences on Wednesday, according to a statement on Friday. The announcement triggered a strong reaction from the Bitcoin (BTC) community, given the firm’s advocacy for Bitcoin and its strategy for holding Bitcoin as part of its treasury. The most recent data from Bitbo shows that Block holds 8,584 Bitcoin. Crypto commentary account WiseSummit said in a post on Friday, “This is not just a headline. It is trillions in passive flows inching closer to Bitcoin.” Meanwhile, crypto trader cryptothedoggy said, “Crypto roots + Fintech firepower = Wall Street...
Galaxy Digital’s Michael Harvey says the most optimistic scenario for Bitcoin is a “continued slow melt-up” through the end of July. Bitcoin could be in for a brief consolidation phase after its recent surge to new all-time highs — but another leg up before the end of July isn’t off the table, according to Galaxy Digital’s head of franchise trading, Michael Harvey. “Consolidation around current prices is my base case given the large rally and new ATH,” Harvey told Cointelegraph. “I do expect BTC to trend higher into the year-end, but pausing here for air would be realistic,” Harvey said, adding: Read more
Bitcoiner Peter McCormack says the police "have failed" the town of Bedford and insists he can do a better job by deploying his own security team. Prominent Bitcoin podcaster and Real Bedford FC owner Peter McCormack claims he can tackle Bedford’s rising crime rate better than the local police force, taking on a role some might liken to a real-life Batman. However, the legal implications of his plan are still unknown. “As I promised, if the police won’t keep the town safe for our women and children, I will,” McCormack said in an X post on Friday, explaining that he is personally funding a pilot project to provide security in his hometown of Bedford, UK, with 10 guards patrolling the town center every Saturday. Read more