Crypto Bills Clear House Procedural Vote
Crypto Bills Clear House Procedural Vote
🏛️ House Finally Budges
The U.S. House of Representatives successfully passed a second procedural vote, clearing the way for final votes on key cryptocurrency legislation.
- Bills officially moving forward after initial delay
- Final votes expected to follow procedural clearance
- Represents significant progress for crypto regulatory framework
This development marks a crucial step toward establishing clearer guidelines for digital assets in the United States.
Update: Crypto week is back on track 🥳 The House held a second procedural vote this morning and it passed! The crypto bills are now officially moving forward for final votes.
🇺🇸 Breaking: The House failed to advance 3 major crypto bills during a procedural vote - GENIUS Act - CLARITY Act - Anti-CBDC Act pic.x.com/v2qN7BuHyh
ETH Short Liquidations Hit $150M
Ethereum markets saw significant liquidations as bearish positions faced heavy losses. Over $150 million worth of ETH short positions were forcefully closed in the latest market movement. This continues a trend from earlier events, including a $100M liquidation of BTC and ETH shorts in March 2024. Key points: - $150M+ in ETH short positions liquidated - Follows pattern of major short squeezes - Represents one of the largest single-day liquidation events for ETH in 2025 *Liquidations occur when leveraged trading positions are automatically closed due to price movements against the trader's position.*
Crypto Market Update: July 16, 2025
**Market Highlights:** - BTC trading at $119.7K, ETH up 7% at $3.3K - ETH ETF sees strong inflows: $192M on Tuesday, 60% of BTC's weekly inflows - Massive whale movement: 40,009 BTC (~$4.7B) transferred to Galaxy Digital **Key Developments:** - Cantor Fitzgerald nearing $4B SPAC deal with Adam Back for BTC acquisition - DOJ concludes Polymarket investigation with no charges - PUMP token surges 15% after $20M buyback - SharpLink Gaming becomes largest corporate ETH holder - House fails to pass crypto bills, but Trump claims 11 voters will change stance **Notable Updates:** - Bitwise implements third-party verification for onchain holdings - Hot tokens: PENGU, SPX6900, BONK, USELESS, REKT, HOUSE
Steam Welcomes First Web3 Game Since 2021 NFT Ban
**Off The Grid** becomes the first crypto-integrated game approved for Steam's platform since their 2021 ban on NFT titles. The game launches July 17th with an innovative approach: Web3 features remain entirely optional for players. This marks a significant shift in Steam's stance on blockchain gaming, following their earlier approval of several Web3 titles including Bornless Game and Sparkball. - First crypto game on Steam since 2021 - Web3 features are optional - Launches July 17th - Part of Steam's broader Web3 gaming initiative
X CEO Linda Ya Steps Down After 2-Year Tenure
Linda Ya has announced her departure as CEO of X (formerly Twitter) after serving for 2 years. The news comes amid ongoing changes at the social media platform. Key points: - Ya's tenure marked significant transitions in X's business strategy - @farokh and @Tyler_Did_It discussed implications on FOMO Hour - Successor yet to be announced This development follows recent platform updates and policy changes at X.