Bitcoin ETF Surge, DOJ sells $ 225 million, XRP Whale Spark Sell
In the first week of July, it was defined as a dynamic mix of policy innovation, institutional manipulation and sharp warmth shift.
This is the main story of this week’s encryption, from Congress to Bitcoin Miner, which doubles the BTC for the Landmark encryption bill.
US BITCOIN ETFS rebounds with $ 1B inflow, total $ 50B
The US Spot Bitcoin Exchange Transaction Fund (ETFS) recorded a $ 1 billion net inflow over this week, with a total net inflow of $ 50 billion since its debut in January 2024.
Blackrock’s Ishares Bitcoin Trust (IBIT) led to a surge after an abnormal temporary suspension in early July.
This comeback reflects continuous institutional demand as Bitcoin surpasses $ 110,000 before it settles about $ 108,875.
Analysts stressed that Bitcoin’s dominance rose to 64.6%.
DOJ seizes $ 22.5 million by encryption to compensate for scam victims.
As a decisive movement, the US Department of Justice (DOJ) has recovered $ 225 million of cryptocurrency related to the extensive “pork butcher” fraud, one of the largest encryption asset attacks in American history.
Instead of waiting for overseas convictions, civil servants made a new execution strategy by taking the return fund as a priority.
The frauds have devastated the community nationwide and contributed to the collapse of the 2023 of Heartland Tri -State Bank, based on Kansas.
DOJ officials emphasized that they emphasized the human influence of encryption fraud beyond the headline, focusing on protecting everyday Americans.
XRP whales dump $ 1.2B to threaten price recovery.
The XRP has risen from $ 1.94 to $ 2.24 this week, but is facing critical resistance at $ 2.30 due to heavy sales of major holders.
Whales, which control from 100 million to 1 billion to 1 billion XRPs, offer a 7.7 billion XRP with 7.7 billion XRPs in 24 hours.
This sales have caused the highest “age consumption” spike in seven months, making the long -term holder trust.
Analysts warned that if they did not break $ 2.30, the XRP could slip to $ 2.13, warning that it could weaken the hope of a continuous rebound and strengthening of Altcoin’s short -term prospects.
Congress prepares the landmark encryption week with three major bills.
US lawmakers will start the “Crypto Week” on July 14, and will review the three central legislation, that is, the genius law (focusing on the Stablecoin regulations), clarity law (goal to clarify token classification) and anti -CBDC surveillance national law (intention to block the Federal CBDC).
The genius method, already passed by the Senate, is expected to develop rapidly, encouraging stablecoins into mainstream finance.
The Clarity Act, on the other hand, is facing the debate about its flexibility, and the CBDC navigation is suspended to the committee.
The proposal emphasizes the driving force to form Washington’s digital asset policy in Trump’s administration.
Beat in Europe that is a cryptocurrency payment without a wallet and master card launch fee
Bitget Wallet, a flagship product of a good reputation cryptographic exchange, is MAS
The card, which was first released in the UK and the EU, is directly integrated with digital wallets for smooth on chain settlement and Fiat conversion at the time of sale.
This card supports immediate hot chain swaps and real -time encryption vs. Fiat conversion, which makes it easy for users to pay as digital assets as easily as conventional calls.
The expansion to Latin America, Australia and New Zealand is planned later this year.
Mara’s Bitcoin Treasury Department is 50,000 BTC among the miners HODL trends
Marathon Digital Holdings, one of the publicly traded bitcoin miners, has grown to $ 50,000 to $ 50,000 for the BTC Treasury.
This milestone is the second largest company Bitcoin Holder (formerly MicroStrategy) after the strategy.
The “HODL” strategy of the miners reduces the sales pressure of the miners, reflecting the wider industrial changes, reducing the exchange balance and a more stringent market supply.
The CEO of Fred Th need emphasized plans to develop into a vertical integrated digital energy company even if AI -related energy competition introduces new challenges to mining economy.
Britain and Singapore deepen AI and tokenization partnerships.
The UK and Singapore agreed to strengthen their asset tokenization and artificial intelligence after the 10th financial dialogue in London.
Common initiatives, including Project Guardian and Global Layer One, aim to simplify the border tokenized asset transactions and regulatory harmony.
The two countries also started the AI Innovation Showcase in London and emphasized efforts to promote responsible AI development without interfering with innovation.
The contract also includes close work with industry groups such as the UK Investment Association and the Singapore Investment Management Association.
