A U.S. judge has ruled that Celsius’s lawsuit against Tether over a $4bn Bitcoin liquidation can proceed, allowing key claims of breach of contract and fraudulent transfers to move forward.

The court found sufficient domestic ties to reject Tether’s jurisdictional challenge, despite its offshore incorporation.

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The European Central Bank (ECB) has approved two initiatives to explore the use of central bank money for settling transactions on distributed ledger technology (DLT) platforms.

A short-term project, “Pontes,” will connect DLT platforms with the Eurosystem’s TARGET services by Q3 2026, while a longer-term plan, “Appia,” aims to support global DLT operations and further research.

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Cloud design platform Figma has filed for an IPO and disclosed $69.5m in spot Bitcoin ETF holdings as of March 31, 2025.

In May, its board approved a $30m Bitcoin investment plan, starting with a matching USDC purchase for conversion.

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Coinbase has acquired token management platform Liquifi, expanding its infrastructure for token distribution, vesting, and tax management.

This marks Coinbase’s fourth acquisition in 2025, following deals in crypto advertising, privacy-focused chains, and derivatives platforms—signaling an aggressive push to broaden its product ecosystem.

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Bit Digital has raised a total of $162.9m through a public share offering to build an Ethereum treasury, marking its strategic exit from Bitcoin mining.

The company already holds 24,434 ETH ($59.8m) and plans to convert an additional 417.6 BTC ($44.9m) into ETH soon.

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Ripple has applied for a U.S. National Bank License, signaling plans to operate as a federally regulated trust bank.

The license, issued by the Office of the Comptroller of the Currency (OCC), would allow Ripple to offer banking services at the national level—expanding its regulatory footprint in the U.S.

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BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its flagship S&P 500 ETF (IVV) in annual fee revenue — $187.2m vs. $187.1m.

⚫IBIT has attracted $52bn in net inflows since January 2024
⚫It accounts for 96% of all Bitcoin ETF inflows
⚫IBIT now holds over 55% of the total assets in the Bitcoin ETF category

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Donald Trump has reportedly earned $620m from cryptocurrency ventures in just a few months—far surpassing the $34m earned from real estate licensing deals over the past year.

This marks a major shift in the Trump family’s wealth structure, with crypto now generating income faster than their traditional real estate operations. Analysts note that most of these Trump-linked crypto assets trade based on political branding, not fundamentals.

Key revenue sources:
⚫World Liberty Financial: token sales generated $550m, with $390m going to the Trump family
⚫TRUMP memecoin: Trump family controls 80% of the supply
⚫USD1 stablecoin: projected to deliver $100m in revenue this year
⚫Trump National Doral: where luxury condo approvals increased property value from $35m to $1.5bn
⚫American Bitcoin: preparing for a SPAC IPO with a $3bn+ valuation despite holding only $120m in assets

Notable figures involved:
⚫Binance founder CZ and Justin Sun serve as advisors to World Liberty Financial
⚫Eric and Donald Trump Jr. are active participants in global crypto events

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The first spot Solana staking ETF, SSK, launched on the Cboe exchange and ended its first day with $33m in volume—ranking in the top 1% of all ETF launches.

It outperformed the Solana futures ETF (SOLZ), which did $1m on Day One, and began with $25m in seed assets, already making it larger than SOLZ.

While volume surpassed XRP and SOL futures ETFs, it remains below the debut levels of Bitcoin and Ethereum spot ETFs.

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The U.S. Federal Housing Finance Agency has called on Congress to investigate Fed Chair Jerome Powell over allegations of political bias and false testimony.

The agency also cited misleading statements regarding the $2.5bn renovation of the Fed’s headquarters, including claims about luxury amenities.

Citing this report, President Trump commented, “‘Too Late’ should resign immediately!!!”

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The SEC has suspended Grayscale’s plan to convert its Digital Large Cap Fund into a spot ETF and placed it under further review, as the fund was set to list on NYSE Arca and include BTC, ETH, SOL, XRP, and ADA.

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OpenAI has denied authorizing Robinhood to launch tokenized stocks tied to the company, stating it has no partnership with Robinhood and has not approved any equity-related transactions.

Robinhood EU recently announced the launch of private company stock tokens, including OpenAI and SpaceX, and began offering them for free to eligible users.

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The decreasing supply of Bitcoin on centralized exchanges suggests a growing preference for long-term holding over active trading.

This shift is fueled by ETF inflows, institutional accumulation, and the rise of Bitcoin DeFi, which expands BTC utility beyond centralized platforms. As of July 2025, the share of BTC held on exchanges has dropped to around 14.5%, the lowest level since February 2019.

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Stablecoin issuers generated nearly $10bn in revenue over the 12 months ending June 2025, led by Tether at $6.56bn, followed by Circle with $1.89bn, and Sky Protocol and Ethena with $384m and $332m, respectively.

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The IMF has rejected Pakistan's proposal to offer subsidized electricity for crypto mining and energy-intensive industries, citing concerns over market distortion.

While the original plan aimed to boost surplus power consumption, the government remains in talks to refine it with international partners.

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Bitstamp, owned by Robinhood, has received a Major Payment Institution license from Singapore’s MAS, enabling its official expansion into the Asia-Pacific market.

The exchange also holds regulatory approvals in the U.S., UK, and under Europe’s MiCA framework.

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New York law firm Pomerantz has filed a class action lawsuit against Strategy, accusing it of misleading investors about its Bitcoin investment strategy and failing to fully disclose the impact of new accounting rules.

The suit cites a $5.9bn unrealized loss in Q1 2025 and claims Strategy downplayed risks while promoting overly positive Bitcoin yield metrics.

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The Open Platform (TOP), developer of the Telegram Wallet on TON, raised $28.5m in a Series A round led by Ribbit Capital, reaching a $1bn valuation.

The funding, done via 5% equity without crypto, will support TOP’s expansion into the U.S. and Europe and the launch of blockchain games and AI apps.

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President Trump's "Big, Beautiful Bill" passed the House, delivering a major second-term victory for Trump.

The bill encompasses Trump’s domestic agenda, extending tax breaks to millions of American households and businesses that are projected to add trillions to the national debt. The legislation also introduces new tax relief for senior citizens and tip workers.

Beyond tax relief and healthcare cuts, the bill increases defense spending and adds a historic $150bn to fund border security and mass deportations.

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The U.S. House will hold “Crypto Week” starting July 14, with votes scheduled on the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.

These bills address crypto regulation, restrict government-issued digital currencies, and promote blockchain innovation.

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