Crypto

Bitcoin testing underlying support, and the potential start of an altcoin season have traders focusing on XLM, LTC, ETC and BNB. Key points: Continuation of Bitcoin’s consolidation seems likely in the near term, but the trend remains positive as long as the price remains above $110,530. Charts for BNB, XLM, LTC and ETC are looking positive. Read more

ETH’s 43% monthly rally is paying off for Trump-linked WLF. Its 70K ETH stash is now worth $251M, showing a $26M paper profit.

President Donald Trump signed the GENIUS Act into law on July 18, pledging that the measure will secure “global dominance” in crypto technology. The legislation gives the US its first federal framework for dollar‑backed stablecoins. Trump celebrated the passing of the bill, saying: “Crypto has gone up more than any stock. Crypto makes the dollar look good. […] The post Trump signs GENIUS Act into law, activating America’s first regulatory framework for stablecoins appeared first on CryptoSlate.

JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development. As crypto markets keep a close eye on Capitol Hill for movement on the GENIUS bill, legacy financial institutions are already laying the groundwork for a future where stablecoin payment rails handle trillions of dollars in client transactions. Once a niche tool used primarily by crypto traders to fund exchange accounts, stablecoins have evolved into one of the industry’s most compelling use cases. Major players like JPMorgan, Citigroup and Bank of America are now competing for a share of this growing market. This week’s Crypto Biz newsletter dives into Wall Street’s accelerating push into stablecoins, highlights an emerging stablecoin network aiming to challenge Tether and Circle, and puts the S&P 500’s latest record high into perspective — by measuring its performance against Bitcoin (BTC). Read more

Ex-Pump.fun Dev, Jarett Dunn, sits in a London prison after breaching bail conditions while awaiting trial for stealing approximately $2 million from the platform in May 2024. The Canadian national has attempted to withdraw his guilty plea and faces at least seven years in prison. The post Ex-Pump.fun Dev Behind $2M Theft Jailed in London for Bail Breach, Faces 7+ Years Prison appeared first on Cryptonews.

Several C-suite executives from cryptocurrency companies attended the Friday event, some of whom directly contributed to Trump’s 2024 campaign. US President Donald Trump signed one of the first bills related to crypto and blockchain of his administration into law on Friday after delays due to debates in the House of Representatives and Senate. In a Friday signing ceremony attended by many cryptocurrency company executives and high-ranking Republicans, including Vice President JD Vance and House Speaker Mike Johnson, Trump signed the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. The president acknowledged the support of several crypto figures in attendance, including Kraken co-CEO David Ripley, Gemini co-founders Cameron and Tyler Winklevoss, Coinbase CEO Brian Armstrong, Circle CEO Jeremy Allaire, Tether CEO Paolo Ardoino and Robinhood CEO Vladimir Tenev. Read more

President Trump signed the stablecoin bill at a flashy ceremony attended by industry leaders, just a day after the legislation was passed by Congress.

dYdX has acquired Telegram-native trading app Pocket Protector, which reached $1 billion in annualized trading volume in under a year. Co-founders Eddie Zhang and Kaiser Kinbote will join dYdX as President and Head of Growth as the exchange expands beyond infrastructure to user-facing products. The post dYdX Snaps Up Telegram Trading App That Hit $1B Volume in Under a Year appeared first on Cryptonews.

$HYPE has declined 3.3% in 24 hours to $45.13 as Ethereum's rally pulls liquidity from altcoins. Despite the price dip, Hyperliquid platform has recorded historic $18.99 billion daily perpetuals volume and $5.06 million in revenue, with institutional investors adding tokens to treasuries. The post $HYPE Slides as Ethereum Soars and Hyperliquid Hits $19B – Can It Rebound? appeared first on Cryptonews.

Dogecoin breaks past $0.20 resistance with 14% daily gain; eyes next hurdle at $0.36 amid whale and institutional interest.

The Senate Agriculture Committee will hear from prospective CFTC chair Brian Quintenz, who could be the sole commissioner at the US regulator by the end of 2025. Brian Quintenz, US President Donald Trump’s pick to chair the US Commodity Futures Trading Commission (CFTC), is scheduled to appear before lawmakers as his nomination moves forward in the Senate. His role could expand significantly if current legislation shifting crypto oversight to the agency becomes law. The Senate Agriculture Committee will hold a meeting to consider Quintenz’s nomination before a potential floor vote on Monday. The meeting will follow a hearing held by the committee in June, marking the first step in his nomination since Trump announced it in February.  The committee meeting will come as the Senate is expected to consider the Digital Asset Market Clarity (CLARITY) Act following passage in the House of Representatives on Thursday. Read more

Institutional capital brings Bitcoin stability and status, but also systemic risk, regulatory pressure, and a creeping erosion of its core ethos. Key takeaways: Bitcoin is now a macro asset, with behavior increasingly tied to traditional risk markets and vulnerable to the same systemic pressures as TradFi assets. Custodial concentration is reshaping Bitcoin’s market structure, increasing systemic risk and weakening self-custody norms. Read more

JPMorgan’s latest research indicates that international regulators are more inclined to support tokenized deposits, particularly those that preserve the existing structure and stability of fiat-based banking systems, The Block reported on July 18. According to the Wall Street lender, financial regulators outside the United States are showing a growing preference for tokenized bank deposits over […] The post JPMorgan reveals global regulators favor tokenized bank deposits over stablecoins appeared first on CryptoSlate.

Charles Schwab's CEO said that the U.S.-based brokerage is considering offering a dollar-pegged token as the stablecoin market is poised to grow. 

The IMF report directly contradicts regular posts from El Salvador’s Bitcoin Office that the country is purchasing one BTC per day. The International Monetary Fund (IMF) published a report on Tuesday about its ongoing loan agreement with El Salvador, claiming that the Central American country has not bought any new Bitcoin (BTC) since signing the agreement in December 2024. El Salvador’s Chivo Bitcoin wallet “does not adjust its Bitcoin reserves to reflect changes in clients’ Bitcoin deposits,” the report read. Chivo doesn’t sell its BTC, leading to “minor” discrepancies that made it appear as if El Salvador’s public sector was accumulating BTC.  A letter of intent signed by El Salvador’s central bank president, Douglas Pablo Rodríguez Fuentes, and minister of finance, Jerson Rogelio Posada Molina, contained within the IMF report, confirmed the details: Read more

Google Gemini could help traders break down the news, track sentiment and turn headlines into actionable crypto trading strategies. Google Gemini can break down complex crypto news, like new US legislation, by pulling clear summaries from trusted sources. By scanning reactions on X, Gemini reveals how investors feel about the news, helping traders gauge short-term momentum. Gemini highlights who benefits first, like stablecoin issuers and compliant exchanges, and who faces risk, particularly DeFi projects that are labeled as decentralized but operate with clear centralized control. Read more

Charles Schwab CEO Rick Wurster confirmed the brokerage plans to add Bitcoin (BTC) and Ethereum (ETH) trading for its customers during an interview with CNBC on July 18. According to Wurster, the move comes amid heavy client demand to see all their asset exposure in the same dashboard.  He said: “Our clients are invested in […] The post Charles Schwab CEO says Bitcoin, Ethereum trading coming soon appeared first on CryptoSlate.

XLM is gaining momentum with an 87% weekly rally, strong buyers’ interest and bullish technicals pointing toward a breakout past its all-time highs in 2025. Key takeaways: XLM hit a yearly high of $0.52, with immediate targets set on cycle highs at $0.63. Peter Brandt said XLM has the most bullish chart, with $0.20 as support and $1 as the breakout level. Read more

Bitcoin adoption has been soaring, leading up to the optimistic regulatory expectations related to “Crypto Week” in Washington. Optimistic regulatory expectations became the focal point for cryptocurrency investors this week, following an event dubbed by the US government as “Crypto Week,” during which lawmakers sought to pass three key regulatory bills for the Web3 industry. Fueled by the optimistic outlook, Bitcoin (BTC) flipped Amazon’s $2.3 trillion market capitalization and soared to become the world’s fifth-largest asset by total value. Regulators passed the three key bills amid Republican concerns with central bank digital currencies (CBDCs). Read more

While there is no reason to worry yet, multiple occurrences of such index movements during the rest of the year could signal overheating.