BITF is down 55% over the past year as crypto miners continue to recover profitability from the fourth Bitcoin halving in April 2024.
Strategy (previously MicroStrategy), the world’s largest corporate holder of Bitcoin (BTC), announced on Monday that it had acquired an additional 6,220 BTC during the week spanning July 14 to July 20. This latest purchase brings the company’s total Bitcoin holdings to an impressive 607,770 tokens, acquired at an aggregate cost of approximately $43.61 billion, averaging $71,756 per Bitcoin. Strategy Stock Slumps Despite GENIUS Act Approval This announcement coincided with a breakthrough in the regulatory landscape for cryptocurrencies, as the GENIUS Act successfully cleared the House and received final approval from President Donald Trump on Friday. The new stablecoin legislation establishes federal guidelines for stablecoins. The passage of the GENIUS Act has provided a boost to cryptocurrency exchanges like Coinbase Global (COIN) and Robinhood Markets (HOOD), which saw their stock prices rise by 2.2% and 4.1%, respectively, following the news. Related Reading: Dogecoin Price Breaks Above $0.26 In Weekend Rally As Pundit Predicts 2,600% Surge Despite the favorable regulatory environment, Strategy’s stock did not experience a similar surge. Instead, it fell by 7.2% over the course of Thursday and Friday, marking the company’s worst two-day performance since late May. This decline mirrored the overall dip in Bitcoin prices, which had recently retreated toward the $117,000 zone from record highs above $123,000 earlier in the past week. Saylor Defends Bitcoin Strategy Reports note that the stock’s performance may have been impacted by a bearish research note from Gus Gala, an analyst at Monness, Crespi, Hardt, who reiterated a Sell rating on Strategy shares with a target price of $200. Notably, Gala is the only analyst among 17 surveyed by FactSet to rate the Strategy’s stock as a Sell, which could contribute to investor caution. Amid these fluctuations, Strategy’s Chairman Michael Saylor remains a vocal advocate for the company’s Bitcoin strategy. In a recent post on social media site X (formerly Twitter), he encouraged followers to “Stay Humble. Stack Sats,” referring to Satoshis, the smallest unit of Bitcoin, emphasizing a long-term commitment to accumulating the cryptocurrency. Related Reading: Hold On For Dear Life: This Bullish Bitcoin Metric Just Touched A 15-Year High As the market continues to adapt to shifting regulations, crypto supporters are eagerly awaiting the next legislative development: the CLARITY Act. This bill, which passed the House with a vote of 294-134, aims to create a clearer regulatory framework for digital assets by distinguishing between securities and commodities and delineating oversight responsibilities among various federal agencies. When writing, the market’s leading cryptocurrency trades at $117,500, recording a 14% price surge in the monthly time frame, and nearly 74% year-to-date. With the recent price correction, the Bitcoin price is now 4% below its current all-time high achieved during last week’s rally. Featured image from DALL-E, chart from TradingView.com
The integration of TON Wallet into Telegram could significantly boost DeFi adoption by simplifying access to digital assets for everyday users.
The post Telegram’s crypto wallet launches in the US with built-in staking, swaps, and zero-fee on-ramps appeared first on Crypto Briefing.
South Korea is taking big steps to catch up with the changing crypto world. After the United States passed the new GENIUS Act, the law aims to make clearer and safer rules for digital currencies. South Korea’s ruling party doesn’t want to be left behind. They have just announced plans to fast-track fresh laws covering …
Pump.fun whales have sent over $160 million in tokens to exchanges as PUMP drops below its ICO price, triggering fears of a broader memecoin market correction.
Bitcoin can still surpass all-time highs, but doubts surface over how quickly bulls can get past the latest sub-$120,000 consolidation phase.
The ether treasury company said it bought nearly 80,000 ETH over the last week as Joseph Lubin praised the GENIUS Act as a watershed moment for regulatory clarity.
Michael Saylor’s Strategy continues to lead the corporate Bitcoin race, now holding the title of the world’s largest publicly listed Bitcoin holder. Despite ongoing debate, its stock trades at a significant premium over its Bitcoin net asset value (NAV), and analysts say it’s justified. TD Cowen Backs the Premium In a recent interview with The …
21Shares, Fidelity, Franklin Templeton, Galaxy, VanEck, and WisdomTree all submitted their amended proposals Tuesday morning.
Western Union is piloting stablecoin remittance settlements in select corridors across South America and Africa, part of a closed-loop test announced by CEO Devin McGranahan during interviews on July 22. The company is also evaluating the development of a consumer-facing crypto wallet, signaling broader ambitions to integrate blockchain-based infrastructure into its global money transfer operations. […]
The post Stablecoins infiltrate deeper into global finance as Western Union enters crypto appeared first on CryptoSlate.
Bitcoin (BTC) was also a top performer, rising 1.9% from Monday.
The XRP price breakout in late June to ongoing July that has punched over 80% gains has stirred renewed interest across the crypto space. According to Ali Martinez, by this rally the XRP price has successfully exited a bullish flag formation on the weekly chart, opening the door for a potentially explosive move for $15. …
Recently, claims have gone viral on social media platforms, particularly among the XRP community, claiming that Chinese President Xi Jinping announced China’s intent to legalize XRP and acquire $40 billion worth of it for a national crypto reserve. But is there any factual basis for this sweeping assertion? Who Made this Claim? The rumor originated …
Investor sentiment in the US digital asset market is shifting, with Ethereum exchange-traded funds (ETFs) attracting fresh inflows while Bitcoin-based products face outflows. According to data from SoSo Value, US-listed Ethereum ETFs saw a combined inflow of $296.5 million on July 21, marking one of the asset class’s strongest single-day performances. Fidelity’s FETH led the […]
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Sahara AI’s new bounty platform rewards users for labeling training data, with over $450K in token payouts
Dogecoin could rival the likes of Ethereum and Solana, developers say, if a new network upgrade proposal is passed and implemented.
The global crypto fund world saw another banner week as investors piled in. According to CoinShares data, net inflows into digital‑asset products jumped to $4.40 billion—beating the prior record of $4.27 billion set after the 2024 US elections. Related Reading: Too Pricey? Expert Says XRP Beats Bitcoin And Ethereum Right Now It was the 14th straight week of positive flows, lifting year‑to‑date inflows to $27 billion and driving total assets under management to a fresh high of $220 billion. Trading also heated up: exchange‑traded product turnover hit nearly $40 billion in a single week, underscoring a surge in both interest and liquidity. Record Inflows Hit New High Last week’s $4.40 billion haul wasn’t just a marginal uptick. It smashed the old record by $120 million. Investors have now pumped capital into these funds every week since early April, showing a clear shift toward digital assets as part of broader portfolios. Last week digital asset products saw all-time high weekly inflows of US$4.39bn, bringing YTD inflows to US$27bn, pushing AuM to a record US$220bn. Ethereum attracted a record US$2.12bn in inflows, while Bitcoin saw inflows of US$2.2bn. https://t.co/y32mEP8Oa2 — Wu Blockchain (@WuBlockchain) July 21, 2025 Total AUM of $220 billion means these products now rival many traditional asset classes in sheer scale. And with $39 billion in weekly turnover, bid‑ask spreads are likely tighter—making it easier for big players to move in and out without major price swings. Ethereum Leads The Charge Based on reports, Ethereum was the standout draw. It pulled in a little over $2 billion—nearly double its previous weekly high of $1.2 billion. Over the past week, ether climbed 24.5%, briefly topping $3,800 for the first time in more than seven months. That price pop clearly caught buyers’ eyes. Bitcoin stayed strong too, with $2 billion in inflows, even if that was down from $2.7 billion the week before. Notably, ETPs made up 55% of Bitcoin’s total exchange volume, signaling that institutions are hunting exposure via these regulated vehicles. Related Reading: Not Even Bitcoin Is Safe: Kiyosaki Warns Of Massive Market Collapse US Market Drives The Wave Regional flows tell their own story: the US was by far largest with $4.30 billion of last week’s inflows. Switzerland contributed $47 million, Australia $17 million, and Hong Kong $14 million. Meanwhile, Brazil and Germany experienced minor outflows of $28 million and $15 million as domestic investors booked profits or changed strategy. The sheer magnitude of US demand is evidence of both regulatory certainty regarding spot crypto ETFs and increasing comfort on the part of asset managers to apply those products. Featured image from Meta, chart from TradingView
The BoE's reconsideration of a digital pound highlights the growing influence of private sector innovations in shaping future monetary systems.
The post Bank of England weighs scrapping Britcoin plans as industry solutions reduce need for CBDC appeared first on Crypto Briefing.
Grok scans posts and sentiment shifts on X to help crypto traders identify early signals, memes and macro-driven momentum plays.
Ether risks a correction to $3,000 as its daily chart flashes overbought signals similar to the setup that triggered a sell-off in May.
Bitget Wallet’s direct withdrawal launch for USDT and USDC reflects the growing demand for ways to exit crypto positions without relying on centralized exchanges.
Hyperliquid's trading momentum has been substantial, processing over $150 billion in volume during July alone.
Chainlink price has recently reignited bullish sentiment after reclaiming critical support and breaking past the $17.50 resistance. After a strong rebound from the $12.70 support zone, LINK surged above the crucial threshold, signaling a shift in the momentum. With the current trading volume rising and the other technicals that are about to go bullish, the …
Founded by billionaire Ken Griffin, the firm argued that these blockchain-based products could create unfair advantages and drain liquidity from traditional equity markets.
After surging to a new all-time high of $123,231 on July 14th, the Bitcoin price has started to cool down due to exhaustion in strength. As of writing, it is consolidating around the $116,000 to $120,000 range, which has turned down to a zone that has become a battleground for short-term sentiment. Meanwhile, when writing, …
India’s crypto users continue to struggle with the high taxes and a lack of clear regulations. Former MP Ritesh Panday has once again stood up for India’s crypto community and is urging the government to cut 30% tax, remove the 1% TDS and bring in clear regulations. Over-Regulation Could Kill India’s Web3 Potential He explained …
U.S. Treasury Secretary Scott Bessent has reignited scrutiny of the Federal Reserve, urging a deep review of its operations beyond monetary policy. His sharp criticism, shared in a post on X, warns that the central bank’s growing involvement in non-core functions could threaten its independence. Fed’s Expanding Role Sparks Debate Bessent’s remarks come at a …
Andreessen Horowitz has invested in Poseidon, a full-stack decentralized data layer built on the IP-focused Story protocol.
Western Union, the world’s oldest name in money transfers, is now betting on stablecoins to keep its place in the changing financial world. Faced with rising competition and dropping revenues, the company is taking bold steps to blend old-school money transfers with modern digital coins. But is it too late, or just the beginning of …
Tron founder Justin Sun is finally heading to space, nearly four years after spending $28 million for a seat aboard Blue Origin’s New Shepard. On July 21, Sun confirmed he would be among six passengers on the company’s upcoming NS-34 mission. This mission will mark Blue Origin’s 34th flight and 14th human-crewed launch. Real estate […]
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