UK police hold a cache of at least 61,000 Bitcoins, much of it confiscated in 2018 as part of an investigation into a Chinese Ponzi scheme. Estimates place the value of the seized crypto at over £5 billion ($6.7 billion) The UK Treasury is under mounting pressure to plug a budget deficit that economists estimate at up to£20 billion.
Source: https://cryptoslate.com/uk-government-eyes-5-billion-seized-bitcoin-sale-to-manage-fiscal-shortfall/
Traders are turning bullish as ETH price shows signs of breaking a three-plus-year slump, and 89% of the community is optimistic. After more than three frustrating years of struggling way beneath its all-time highs, ETH price has been registering double-digit percentage hikes.
Source: https://cryptoslate.com/traders-are-bullish-on-eth-as-price-begins-to-catch-up-with-the-tech/
DV8 completed its first capital raise since undergoing a strategic shift toward becoming Southeast Asia’s first crypto treasury company. The funding round closed with a 99.9% warrant exercise rate, marking a critical vote of confidence from existing shareholders in the firm’s long-termBitcoin-native model.
Proposed 401(k) access could channel billions into crypto as tax relief paves the way for Bitcoin’s practical use. In a separate development, the Trump administration is exploring a “de minimis” tax exemption for small crypto transactions.
XRPsurged to a new all-time high of $3.55 on July 17, climbing more than 36% over the past week. The rally marked XRP’s first break above its 2018 peak and came amid a broader altcoin resurgence. The breakout is seen as a validation of Ripple’s long-term strategy.
Source: https://cryptoslate.com/xrp-hits-new-ath-of-3-55-after-7-years-amid-altcoin-surge/
The House passed the GENIUS Act in a 307‑122 vote and sent the bill to PresidentDonald Trump, who plans to sign it at a White House ceremony tomorrow. The House also passed the CLARITY Act during the same session and sent it to the Senate following a 294-134 vote in favor of the legislation. The Clarity Act will be reviewed by the Senate as the next step.
Canary Capital has filed with the U.S. Securities and Exchange Commission to launch the first-ever staked Injective (INJ) exchange-traded fund. The proposed Canary Staked INJ ETF would actively stake its INJ holdings on the Injectedive proof-of-stake network. The proposal lands during Crypto Week 2025, as lawmakers debate multiple bills that could define the legal framework for staking.
Nasdaqfiled with the Securities and Exchange Commission (SEC)on July 16to add staking toBlackRock’siShares. BlackRock now joins a list of similar requests from issuers such as Bitwise, Grayscale, and 21shares.
Charles Schwab CEO Rick Wurster said clients want to see all their assets in the same dashboard. Schwab wants customers who currently buy coins at Coinbase to transfer those holdings back to Schwab. He did not specify a launch date, saying only that the service will arrive “sometime soon”
Source: https://cryptoslate.com/charles-schwab-ceo-says-bitcoin-ethereum-trading-coming-soon/
The GENIUS Act creates a federal framework for issuing and overseeing payment stablecoins. It assigns the Federal Reserve to license and supervise national-level, insured depository institutions. Trump vowed to approve broader crypto market structure legislation before the end of the year.