News

• The BlackRock Investment Institute wrote that stablecoins ‘look here to stay’ and thatrecent legislationcements their use in payments rather than as investment products. The firm tied that view to the GENIUS Act, which creates a federal framework for payment stablecoins.

  July 29, 2025

• Twenty One Capital is set to receive 5,800 BTC from stablecoin issuerTetheras it prepares for its upcoming public listing. This inflow would bring the firm’s total Bitcoin holdings to over 43,500 BTC, making it the third-largest corporate holder globally. Twenty One Capital plans to publish a metric called Bitcoin Per Share (BPS) to offer investors more transparency.

  July 29, 2025

• Hong Kong invites stablecoin issuers for licensing as new regulations set to take effect. Hong Kong’s new stablecoin frameworkrequires these cryptocurrencies to be fully backed by high-quality, liquid assets.

  July 29, 2025

• Bitcoin Brushes Off Galaxy Digital’s $450 M Off-Exchange Sale — What the Data Really Shows

  July 29, 2025

• BitMine, the largest corporate holder ofEthereum (ETH), believes the asset’s fair value could be as high as $60,000. BitMine plans to mirror MicroStrategy’s Bitcoin strategy by building a vast Ethereum ecosystem.

  July 29, 2025

• Stablecoin search surges in Washington, D.C. as the U.S. implements new regulatory framework following GENIUS Act passage. Average search interest for “stablecoins” rose from 72.8 in the four weeks prior to 84.5 in four weeks following the bill’s signing on July 18.

  July 29, 2025

• Spot ETH exchange-traded funds (ETFs) are close to breaking the $10 billion mark in inflows this month. BlackRock’sETHA makes its way to the spot of fourth-largest ETF by inflows in the last 30 days. ETHA registered the 17th-largest trading volume among ETFs as of July 28.

  July 29, 2025

• Bitcoin (BTC) rebounded from a local low near $114,800, closing last week about 2.1% higher at $119,580. The recovery has stabilized spot prices, but derivatives data suggest a more fragile backdrop as leverage rebuilds. Between July 23 and July 24, more than $1.1 billion in long positions were liquidated across major centralized venues.

  July 28, 2025

• Interactive Brokers is considering launching a stablecoin for customers. The move would add one of the world’s largest discount brokerages to the list of firms using crypto. Stablecoins are digital tokens designed to track the value of a stable asset, typically the US dollar.

  July 28, 2025

• Tron Inc. filed to raise up to $1 billion as part of an ambitious push to grow itsTRXtoken reserves. The proposed raise would come through a combination of equity and debt instruments, including common shares, preferred stock, warrants, and other securities. The company has already accumulated over 365 million TRX tokens and aims to increase its holdings significantly using proceeds from the new offering.

  July 28, 2025