BREAKING
- "Crypto Week": the US sets clear crypto rules for the first time. The GENIUS Act became law and brings stable rules for stablecoins, while the Clarity Act and the anti-CBDC bill set further course for token classification and data protection. Washington is demonstrating that the crypto future is now being actively shaped by policy — faster than ever before.
MORE
- Goldman Sachs and BNY Mellon are launching a partnership to tokenize money market funds on the basis of the new GENIUS Act.
- PNC Bank and Coinbase are joining forces to enable bank clients to buy, custody and sell crypto via COIN's platform.
- JPMorgan plans to offer loans collateralized by Bitcoin and Ethereum from 2026 — thanks to the crypto-friendly policy of the Trump administration.
- Ripple has filed an application for a national trust bank charter with the US regulator OCC in order to create regulatory clarity for its stablecoin RLUSD and to offer additional crypto services in the future.
- Circle has filed an application to establish the First National Digital Currency Bank in order to operate as a regulated trust company and provide institutional clients with better stablecoin infrastructure.
- According to Bloomberg, Deutsche Bank plans to launch a custody service for cryptocurrencies from 2026 in partnership with Bitpanda, as well as to develop its own Ethereum-based layer 2 blockchain using ZKsync technology.
- Western Union is piloting stablecoin settlement in South America and Africa to enable faster cross-border payments.
- After Galaxy sold more than 80,000 BTC on behalf of a "Satoshi-era" investor, Bitcoin briefly fell below USD 115,000. The market, however, absorbed the enormous sale surprisingly well.
- Bitcoin reaches a new all-time high of more than USD 123,000, overtaking Amazon and thus becoming the fifth-largest asset worldwide with a market capitalization of over USD 2.400 trillion.
- Total crypto market capitalization broke through USD 4 trillion for the first time.
- Implied Bitcoin volatility has fallen to its lowest level since October 2023, dropping below 40% over 30 days, attributable among other things to strong inflows of institutional capital into Bitcoin ETFs.
- Tether announces the introduction of a new, legally compliant (GENIUS Act) USD stablecoin for institutional applications from the end of 2025.
- Tether now holds 80 tonnes of gold (~$8.5 billion), stored in its own Swiss vault, to back its gold stablecoin XAUt.
- On July 2, Coinbase announced the acquisition of the token management platform Liquifi in order to further expand its Prime services and offer a comprehensive solution for token issuance and administration.
- At an event in France, Robinhood presented new crypto products, including tokenized equities (e.g. OpenAI, SpaceX), perpetual futures, ETH/SOL staking, its own layer 2 blockchain and further features for EU and US users.
- Solana presents a new roadmap. The blockchain's developers see themselves in direct competition with huge TradFi players such as NASDAQ or JPMorgan and intend to displace them in the coming years.
- The United Kingdom intends to dispose of around $7 billion in Bitcoin seized in 2016 and is seeking an operator for a central point of sale.
- The Solana project Pump.fun conducted an ICO and sold 125 billion PUMP tokens for around USD 500 million in just 12 minutes — with more than $1 billion in total across several rounds.
- The crypto exchange Bybit has listed SBET, CLSK and BITF, following the trend toward integrating traditional financial equities into crypto platforms.
SPEAKERS' CORNER
- In July, Ether, the native token of the Ethereum network and the second-largest blockchain after Bitcoin, recorded a marked price increase.
- The trigger was the announcement by Bitmine Immersion Technologies that it would establish an Ethereum-based treasury reserve.
- For us, this development is a clear signal to look more closely at the possible return of the so-called "altcoin season."
Translated from the German original, which is the authoritative version. Read the German version
