Crypto Market Update: July 16, 2025
Crypto Market Update: July 16, 2025
🐋 Whale Moves $4.7B BTC
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
What's new? 🔹Crypto majors dip 1-2%; BTC at $104.2K 🔹GENIUS Act passes the Senate 🔹@coinbase requests SEC approval for tokenized stock trading 🔹JPMorgan meets with crypto task force to bring capital markets on-chain + launches a pilot for JPMD on Base 🔹Israeli hacker group
What's new? 🔹Crypto majors green; BTC at $109.5K 🔹@OpenAI disputes Robinhood’s tokenized stock claims 🔹@BlackRock's IBIT ETF drives more fees than its S&P ETF 🔹Solana staking ETF launches, sees $33M in volume on day one 🔹@coinbase acquires Liquifi token management 🔹SBET &
What's new? 🔹Crypto majors slightly red, BTC at $103.3K 🔹@RobinhoodApp acquires Canadian crypto firm @WonderFi for $180M 🔹US stocks are now green on the year 🔹Abraxas Capital Management buys $500M of ETH over past week 🔹@launchcoin ecosystem reaches $400M in size, sees
What's new? 🔹Majors green with BTC smashing new ATH; now at 🔹BTC and ETH ETFs see 2nd-biggest day in history 🔹Over $1B in shorts liquidated, biggest liquidation in 4 years 🔹S&P 500 hits another ATH 🔹Silver at 14 year high 🔹@pumpdotfun announces acquisition of @kolscan,
What's new? 🔹Crypto majors continue upward; BTC at $109K 🔹BTC records highest daily close ever 🔹More Americans now own BTC than gold 🔹Texas passes its Bitcoin Strategic Reserve bill 🔹Argentina dismantles Libra scandal task force 🔹Solana’s new ‘Alpenglow’ upgrade aims for
What's new? 🔹Crypto majors dip; BTC at 107.5K 🔹Trump Media announces plans to raise $2.5B to buy crypto 🔹@MetaMask rolls out Solana support for trading + apps 🔹@echodotxyz announces Sonar as new ICO launchpad 🔹Cantor completes first transactions for new $2B lending business
What's new? 🔹Crypto majors recover after Trump vs Elon selloff; BTC at $105.1K 🔹@circle soars 167% on IPO 🔹@bitfinex and tether back new L1 ‘Stable’ 🔹@Uber says it’s studying using stablecoins as payment vehicles 🔹@Metaplanet_JP and @MicroStrategy announce huge new
What's new? 🔹Crypto majors rebound; BTC at $119.7K 🔹ETH leads majors, up 7% at $3.3K 🔹Cantor Fitzgerald close to $4B SPAC deal with Adam Back to buy BTC 🔹DOJ drops Polymarket investigation 🔹PUMP team does $20M in surprise buybacks, token pumps 15% 🔹SharpLink Gaming becomes
What's new? 🔹Crypto majors down 2-7%; BTC at $104.3K 🔹Market reacts poorly to tariff reinstatement 🔹@SECGov moving to drop Binance case 🔹@SecScottBessent: Trade talks with China stalled 🔹PSG announces BTC treasury strategy 🔹@JamesWynnReal loses $100M in 1 week 🔹 Sharplink
What's new? 🔹Crypto majors green; BTC at $109.4K 🔹Trump’s Truth Social files for ‘Blue Chip’ ETF featuring BTC, ETH, SOL, XRP & CRO 🔹@RobinhoodApp CEO doubles down on tokenized private stocks, plans to offer thousands 🔹@phantom introduces Perps trading in wallet, powered by
What's new? 🔹Crypto majors soar on US China trade progress; BTC at 96.6K 🔹Bitcoin dominance hits new 4-year high above 65% 🔹FOMC decision today, rate cuts odds only 3% 🔹New Hampshire passes 1st-ever Bitcoin Strategic Reserve 🔹@Citi reveals plans to bring pre-IPO private
What's new? 🔹Crypto majors rally 1-2%; BTC at $107.4K 🔹Japan looks to clear path for crypto ETFs 🔹@Polymarket hits $1B+ valuation in latest rise 🔹Chainlink partners with Mastercard enabling direct onchain purchases 🔹@gondixyz launches new all-in-one NFT marketplace with
What's new? 🔹Crypto majors mixed; BTC at $105.2K 🔹Trump Media files for spot Bitcoin ETF 🔹@ethereumJoseph hints at a major sovereign wealth fund building on ETH 🔹California Assembly passes Bill to Let State Agencies Accept Crypto — Heads to Senate Next 🔹@SenLummis: US
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 Bills Clear House Procedural Vote
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. [Read more details on Decrypt](decrypt.co/330419/crypto-wee)
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.