Из жизни альткоинов

Управляющий Банка Англии Эндрю Бэйли (Andrew Bailey) предостерег крупные международные банки от запуска собственных стейблкоинов, заявив, что криптовалюты противоречат принципам работы денежной системы и создают угрозу финансовой стабильности.

When the House of Representatives gavels in today, the chamber will devote its entire floor schedule to what Republican leaders are calling “Crypto Week,” a coordinated push to vote on three high-profile digital-asset bills: the Senate-passed Genesis of Electronic Notes and Issuance Under Supervision (GENIUS) Act, the Anti-CBDC Surveillance State Act, and the Digital Asset Market Clarity (CLARITY) Act. Majority Leader Steve Scalise cast the moment in sweeping terms, saying the package “further[s] the President’s pro-growth and pro-business agenda, and provide[s] a clear regulatory framework for digital assets.”

The intra-Republican debate burst into the open late last week when Ohio Republican Warren Davidson warned in a post on X that the sequencing chosen by party leaders could backfire. “Crypto Week next week in the House,” he wrote on 11 July. “The Senate’s GENIUS Act to regulate stablecoins should be amended… Instead, they want to pass it without amendments… Without the CBDC ban, CBDC delivery architecture would be in place, and nothing would protect self-custody. For this reason, I will oppose the GENIUS Act.”

Davidson’s chief fear is that the narrower stablecoin bill will sail to the President’s desk while the broader market-structure and CBDC measures stall in the Senate, leaving what he calls a “hollowed-out” framework in place. The episode exposes a rift between members who prize incremental wins—especially a federal stablecoin statute many lobbyists have sought for years—and libertarian-leaning lawmakers who see a CBDC ban and explicit protections for self-hosted wallets as existential.

What Each Crypto Bill Does, And Where It Stands

Stablecoins. The GENIUS Act, which cleared the Senate 68-30 in June, would require any issuer of a crypto stablecoin to hold reserves “backed one-to-one by US currency or other similarly liquid assets” and to publish a monthly breakdown of those reserves. Because the bill has already passed the upper chamber, a clean House vote would send it directly to President Trump, who has publicly promised to sign it.

CBDCs. The Anti-CBDC Surveillance State Act (H.R. 1919) would prohibit the Federal Reserve from “using a central bank digital currency to implement monetary policy” and bar any Fed-issued retail CBDC altogether. The bill advanced from committee in May but lacks a Senate companion with the 60 votes needed to overcome a filibuster—precisely the bottleneck Davidson and other skeptics highlight.

Market structure. The 236-page CLARITY Act carves crypto assets into three buckets—securities, commodities, and “permitted payment stablecoins”—and removes the last two from the statutory definition of a security. Section-by-section summaries note that the measure directs the SEC and CFTC to write parallel rulebooks and creates provisional registration regimes for exchanges, brokers, and custodians. Unlike GENIUS, CLARITY has not yet been taken up in the Senate; Banking Committee Chair Tim Scott has promised a hearing “by the end of September,” but no legislative text exists in that chamber.

Democrats, who were pivotal in sending GENIUS through the Senate, are signaling sharper resistance in the House. Rep. Maxine Waters, the ranking Democrat on Financial Services, derided the GOP branding as “‘Anti-Crypto Corruption Week,’ calling all three bills dangerous pieces of crypto legislation.”

The legislative drumbeat has coincided with a fresh all-time-high in Bitcoin above $121,000 and a rally in altcoins. Independent trader Cas Abbé summed up the mood via X: “US House has designated July 14–18 as ‘crypto week’…It’s expected that all of them will be passed in 2025, which will set the stage for a massive rally.”

At press time, the total crypto market cap was at $3.75 trillion.

Биткоин достиг нового исторического рубежа, превысив отметку $122 666 в преддверии Недели криптовалют 2025 в Соединенных Штатах, которая должна начаться 14 июля.

The Dogecoin price has shown a lot of promise recently after surging above the $0.2 mark with momentum over the last week. However, the price does remain very well below its all-time high of $0.7, which means there is still a way to go for the meme coin from here. Interestingly, the meme coin’s price looks to have fallen into a trend not seen since December 2020, as highlighted by crypto analyst CryptoKaleo, showing a rising bullish trend.

Dogecoin Price Returns To Levels Before 36,000% Rally

In an X post, CryptoKaleo outlines the fact that the Dogecoin price has been trending similarly to where it was back in 2020. In particular, the Dogecoin price was struggling in December 2020, but this was just before the legendary 36,000% surge that had been kick-started by billionaire Elon Musk posting about the meme coin on his X (formerly Twitter) post.

Back then, the price had been struggling after its previous all-time high, following a trend line straight down. This was until it hit another upward momentum, followed by a downtrend, which marked the end of the price decline. At this point, the bottom signaled the start of the next rally.

Now, once again, the Dogecoin price is beginning to mark another bottom after an initial breakdown within this trendline. According to the analyst, this puts the Dogecoin price right in the same place where it was back in December 2020.

If it follows the same trend as it has been doing, then the meme coin could be getting ready to see a parabolic rally. From the analyst’s chart, the $1 mark is a no-brainer, with a possible top being as high as $2.4 before the trend is completed.

Can The DOGE Price Rally 36,000% Again?

The last time that the Dogecoin price broke out of this trend, it ended up rallying by 36,000% over the next few months. This opens up the possibility that a similar rally could be in the cards. However, multiple developments over the last few years suggest that this is not possible.

For one, a 36,000% rally from here would mean that the price would rise as high as $72, meaning that the Dogecoin market cap would have to rise above $2 trillion. This is highly unlikely given that the DOGE supply is always rising and remains unlimited. More than likely, the $1 mark would mark the beginning of the end of the Dogecoin price rally.

The Real-World Asset (RWA) tokenization market is gaining strength as momentum builds across the crypto sector. With Bitcoin entering price discovery after breaking past $112K and altcoins showing signs of a sustained recovery, RWA tokens are emerging as one of the most promising sectors within the digital asset space. Recent data reveals that the market cap for RWA tokens has reached $60 billion, supported by rising trading volume and growing institutional interest.

This surge comes as investors increasingly seek exposure to blockchain-backed financial instruments that represent tangible assets, such as bonds, real estate, private credit, and commodities. The appeal lies in the ability to bring traditionally illiquid assets on-chain with greater transparency, efficiency, and accessibility.

With macro tailwinds favoring the development of alternative markets and demand for yield-bearing instruments rising, RWAs are poised to play a defining role in the next phase of crypto adoption. As capital rotates across sectors, many investors are watching the RWA sector closely for signs of explosive growth.

RWA Sector Breaks Out

As the digital asset ecosystem matures, RWAs are emerging as a practical and scalable bridge between traditional finance and blockchain innovation. Stablecoins themselves—backed by fiat currency or US treasury bills—can be viewed as the most widely adopted RWA use case, with trillions in annual settlement volume and growing integration across both DeFi and payment platforms.

According to the Real World Asset Watchlist, a leading media publication tracking tokenized assets, the RWA sector has just broken out from a long consolidation phase. A recently shared chart shows that the market cap has surged past the $60 billion mark, marking a clean technical breakout that signals renewed investor confidence and institutional participation. With rising trading volumes and momentum building across key protocols, the next logical target is the $80 billion milestone.

This surge is not only a price-driven movement—it’s underpinned by structural developments, regulatory clarity, and growing on-chain infrastructure that enables secure tokenization, compliance, and real-world adoption.

As capital rotates from highly speculative narratives to more fundamental and yield-generating sectors, RWAs are becoming the centerpiece of the next cycle. The current breakout could serve as a pivotal catalyst, triggering an influx of new products, capital, and participants into the space. If sustained, this could position RWA as one of the primary drivers of crypto’s transition from speculative to institutional-grade finance.

Altcoin Market Cap Surges As Breakout Gains Momentum

The total crypto market cap excluding Bitcoin and Ethereum (TOTAL3) has just posted a decisive weekly breakout, now sitting at $938.6 billion. This move represents an 11.19% gain from the previous week, marking one of the strongest weekly performances of the year for altcoins. Price has convincingly broken above the 50-week moving average (currently at $798B), reclaiming bullish structure and targeting previous cycle highs.

This breakout occurs after months of consolidation above the 200-week and 100-week moving averages, both of which acted as key support levels. The surge in volume further confirms the strength of this move, suggesting growing participation from investors rotating capital into the altcoin space as Bitcoin leads the market into price discovery. The chart structure shows a pattern of higher lows, pointing to a potential macro uptrend resumption.

With key narratives like real-world asset tokenization (RWAs), DePIN, and Solana-based meme coin ecosystems gaining momentum, the TOTAL3 breakout could be signaling the start of a broader altcoin season.

Featured image from Dall-E, chart from TradingView

Ripple CEO Brad Garlinghouse has just received another major compliment from one of his most vocal allies. Crypto attorney John Deaton, known for backing XRP holders during Ripple’s legal battle with the US Securities and Exchange Commission (SEC), has called Garlinghouse a top candidate for the title of “crypto’s Steve Jobs.”

The statement came in response to a social media question asking who in the crypto industry could be compared to the late Apple founder. Deaton named both Garlinghouse and Coinbase CEO Brian Armstrong as leading figures worthy of that label.

He didn’t explain his criteria, but the implication is clear: both men have shown strong leadership in tough legal environments and have pushed for more clarity in crypto regulation.

Legal Ties And Political Backing Run Deep

Deaton’s support for Garlinghouse goes back to the early days of the Ripple lawsuit. In 2021, he filed an amicus brief on behalf of XRP holders, defending the community’s interests in court.

That legal fight helped solidify their alliance, and it’s continued since. Garlinghouse, in turn, publicly backed Deaton’s Senate run against Senator Elizabeth Warren.

I think it comes down to either @brian_armstrong or @bgarlinghouse. https://t.co/j2XE37Ar40

— John E Deaton (@JohnEDeaton1) July 12, 2025

Brian Armstrong, CEO of Coinbase, also threw his support behind Deaton’s political campaign. It’s worth noting that both Garlinghouse and Armstrong have squared off against the SEC in high-profile cases and are now working to influence crypto policy through both business and political efforts.

Their companies also contributed to US President Donald Trump’s recent campaign, a sign of their growing involvement in Washington.

Robinhood CEO Also Mentioned In The Conversation

In a follow-up post, Deaton added a third name to his shortlist: Vlad Tenev, the CEO of Robinhood. He admitted that Tenev should have been included from the start.

That addition came after a crypto user named Dave criticized Deaton’s original pick. According to Dave, Ripple hasn’t delivered a strong product-market fit and lacks the clear direction needed to compete with top fintech players.

Dave claimed that although Ripple has promising pieces, it hasn’t yet connected them. His remarks repeated old doubts regarding Ripple’s business model, even as the company keeps moving ahead with its payment services.

Ripple Advances With RLUSD And Cross-Border Payments

Ripple is not stopped by the criticism, though. The company is busy expanding its services. The company recently put out plans for RLUSD, a stablecoin designed to enhance worldwide remittances.

The market size for that is approximately $685 billion, and Ripple believes this is a big chance for it to move further into international payments.

Featured image from Quartr, chart from TradingView

Moshin Meghi, the bankruptcy plan administrator of crypto lending firm BlockFi, and the US Department of Justice (DOJ) have agreed to end a lawsuit centered around a $35 million asset transfer. This announcement marks the latest chapter in BlockFi’s bankruptcy saga, which began with the black swan events of November 2022.

BlockFi Vs DOJ: Peace At Last

In May 2023, the DOJ sought to effect a transfer of $35 million worth of assets in BlockFi accounts to the US government. Notably, DOJ representatives claimed these funds belonged to two Estonian nationals involved in a fraud case and had obtained legal warrants to assert ownership of these illicit proceeds.

However, BlockFi is currently undergoing a bankruptcy process following the monumental collapse of $32 billion crypto exchange FTX in November 2022. The crypto lending firm famously filed for Chapter 11 bankruptcy some days after this seismic event due to its level of financial exposure to FTX, valued at $1.03 billion in unpaid loans.

Therefore, a group of unsecured creditors issued a lawsuit against the DOJ claiming that such transfers could impact potential asset recoveries. Meanwhile, the DOJ argued that the US Bankruptcy Court for the District of New Jersey – at which the case had been filed – could not neutralize the government’s claims to these assets.

Two years following this lawsuit, Meghi and the DOJ have agreed to terminate all legal proceedings around the proposed $35 million asset transfer.

The joint resolution was brought before Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey on Friday, July 11, who approved the case on the day. Notably, both parties agreed to dismiss the case with prejudice, meaning it cannot be refiled. Meanwhile, each party is expected to bear its own legal fees and costs.

Following its bankruptcy filing in 2022, BlockFi reportedly owed 100,000 creditors an estimated $10 billion, including major debts to prominent names such as Ankura Trust, the US Securities and Exchange Commission, and defunct hedge fund Three Arrows.

Crypto Market Overview

In other news, the total crypto market is valued at $3.64 trillion following a 0.17% gain in the past day. Bitcoin, the maiden cryptocurrency, retains an unrivalled 63.9% market dominance, boasting of total market share valued at $2.33 trillion.

Interestingly, the crypto market enters a crucial week as the US House of Representatives is expected to debate three important legislations – the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act, as part of efforts to establish a credible regulatory framework that encourages digital asset adoptions and protect user interest.

Public firms around the globe have been piling into Bitcoin this year. According to Blockware Intelligence, the number of public companies holding Bitcoin jumped by 120% in 2025.

That surge brought the total to 141 firms. And by the end of 2025, at least 36 more are expected to add Bitcoin to their balance sheets. That would represent a 25% boost from today’s numbers.

Rising Tide Of Corporate Bitcoin Adoption

Based on reports from Blockware’s Q3 2025 market update, three dozen new entrants could join the so‑called “Bitcoin Treasury Companies” over the next six months. These firms act as a bridge between traditional markets and the crypto world.

In the first half of the year, companies big and small added more than 159,107 BTC to their books, setting a new record for corporate crypto purchases.

Big Names Still Lead The Pack

The top spot remains with US President Donald Trump’s favorite crypto advocate Michael Saylor’s Strategy, which holds a staggering 597,325 BTC.

That figure is roughly 12 times what second‑place MARA Holdings owns, at about 50,000 BTC. Those two alone account for most of the Bitcoin held by public companies.

Some Players May Be Taking A Risk

Blockware points out that many newcomers are either brand new companies or ones that face tough business challenges.

For firms with low growth or shrinking markets, parking cash in Bitcoin at an estimated 40 to 50% compound annual growth rate can look more appealing than running a struggling operation. But that choice comes with its own risks.

Corporate Bitcoin Growth Faces Warning Signs

Glassnode’s lead analyst James Check sounded an alarm on July 4, warning that the easy upside might already be gone for latecomers. Venture firm Breed outlined a “death spiral” risk for companies trading close to net asset value.

Some crypto traders echoed that view, saying these firms will be tested in the next bear market, especially if NAV premiums start to slip.

For now, the move toward Bitcoin is very real. Larger, well‑capitalized companies may weather the ups and downs better than smaller players.

Investors and analysts will be watching how these treasuries perform when markets cool off. If premiums hold, new entrants could keep the momentum going. If not, some balance sheets may face a rough ride.

Featured image from Pexels, chart from TradingView

Pump.fun’s long-anticipated public token sale concluded in a mere 12 minutes, and investors snapped up the full 12.5% of its 1 trillion‑token supply in a quick move. The event raised a total of $500 million from the sale of 125 billion PUMP tokens priced at $0.004, which accounts for 12.5% of the total 1 trillion token supply. 

$500 Million Raised In Just 12 Minutes

The Pump.fun ICO has officially become one of the most explosive token launches of the year after raising $500 million and closing out its sale in just 12 minutes. The Solana-based memecoin launchpad stunned the crypto community this Saturday with an explosive public token sale offering that distributed 125 billion PUMP tokens, which amounts to about 12.5% of the total 1 trillion supply at $0.004 apiece. This complete sale brings the PUMP tokens to a fully diluted valuation (FDV) of $4 billion.

Investors participated in the ICO by buying directly on the Pump.fun official token website or any of the project’s multiple centralized exchanges, which include Bybit, KuCoin, Bitget, Kraken, Gate.io, and MEXC. According to a dashboard on the official website, $448.5 million worth of PUMP tokens were purchased on the website, $5 million worth were purchased on Gate, $30 million worth were purchased on Kraken, and $16.5 million worth of tokens were purchased on KuCoin.

Image From Pump.fun

Buyers can expect PUMP tokens to be distributed within the next 48 to 72 hours, but transfers will be temporarily disabled during this window. Transfers will be enabled immediately after the distribution is complete. Nonetheless, pre-market activity suggests strong bullish sentiment. The quick sellout indicates that the crypto could surge massively in the first few trading sessions after launch, as long as the market is still in its current bullish state at the time it launches.

Mixed Reactions After Quick Sellout

The earliest that PUMP could become tradable and accessible for US and UK users is Monday, July 14. Notably, PUMP’s pre-listing price surged to as high as $0.006989 on Hyperliquid after the sale. Although it dropped after this peak, it has recovered a bit and is now around $0.006989. 

Notably, the project’s post of the sellout on the social media platform X was met with mixed reactions, as shown in the comments. Supporters celebrated the event, but not everyone was impressed. Some users voiced frustration over exchange issues that prevented them from completing their purchases during the short 12-minute window, while others raised questions about token distribution fairness, especially considering the discrepancy between the 33% supply initially promised for the ICO and the 12.5% that was ultimately offered in the public sale.

Image From Pump.fun

One trader reportedly opened a huge short position on Hyperliquid on $PUMP using 2x leverage with $8 million in USDC. The position is already about $800,000 in the red and is steadily approaching liquidation at $0.0085.

Featured image from Unsplash, chart from TradingView

Satoshi Nakamoto, the anonymous creator of Bitcoin, ranks as the 11th richest person on earth if you count his unspent coins as a liquid fortune.

He holds about 1.096 million BTC, which works out to roughly $129 billion based on figures from Arkham Intelligence. That would edge him just ahead of Michael Dell’s $125 billion and leave him trailing Sergey Brin’s $140 billion.

Satoshi’s Fortune In Figures

According to Arkham Intelligence, those 1.096 million BTC have not moved since they were mined in Bitcoin’s early days. At today’s price, they sit at about $129.23 billion.

For context, that sum would slot Satoshi above Dell and below Brin on a real‑time billionaire list. That list doesn’t officially include Satoshi, but plugging his holdings into Forbes’s tracker paints a clear picture of where he’d fall.

Bitcoin’s price has hovered near $118,000 in recent sessions. If it stays there, Satoshi’s stake remains paper wealth—there’s no sign he plans to sell. Oiling those coins into the market could crash prices, so his fortune may stay stuck at the top of a ledger rather than in a bank.

Price Target At $400,000

Based on reports from an anonymous trader known as apsk32, Bitcoin could climb to $400,000. That call comes from a three‑plot model comparing Bitcoin’s market cap to gold’s history. Gold once peaked at $3,500 an ounce, and apsk32 argues Bitcoin follows a similar pattern when you measure both in units of gold.

The first plot in the model traces gold’s price per ounce over time. The second shows Bitcoin’s market cap plotted against those gold‑based values. A straight trend line emerges, which apsk32 ties to Metcalfe’s Law—a theory that network value grows roughly with the square of its users.

The third plot is a log chart, similar to Bitcoin’s well‑known Rainbow chart, but it layers on “years‑ahead” support bands from zero to five years ahead of the implied price line.

Model And Market Caveats

According to that framework, Bitcoin has never pierced the five‑years‑ahead band, even in past bubbles. Right now, the one‑year‑ahead line sits near $400,000.

If history holds, BTC could respect that band as a ceiling or floor, depending on market mood and macro factors like Federal Reserve policy or global demand.

Even if Bitcoin did hit $400,000, that jump represents more than a 200 % rise from today’s levels. Forecasts are guesses dressed up in charts. They help spot possible paths, but markets often surprise everyone.

Featured image from Getty Images, chart from TradingView

The US spot Ethereum ETFs have logged another bullish week, attracting over $900 million in inflows and extending their winning streak to nine consecutive weeks. This development comes amidst the general crypto price rally during which Ethereum (ETH) prices surged to over $2,800.

Ethereum ETFs Hit Highest Weekly Netflows

In the past week, Ethereum registered a remarkable weekly gain of 16.22%. During this period, data from the ETF tracking site SoSoValue shows the Ethereum ETFs registered net deposits of $907.99 million, representing their largest weekly inflows since their launch in July 2024. Before this development, the highest inflows stood at $854.85 registered in the second week of December 2024 amidst the popular crypto bull run.

Of the ATH weekly inflows, BlackRock’s ETHA attracted a resounding $675 million, reflecting an unrivalled market dominance similar to its Bitcoin counterpart. ETHA now boasts $6.14 billion in assets under management, representing 45.38% of the total net assets of spot Ethereum ETFs.

Meanwhile, Fidelity’s FETH and Grayscale’s duo – ETH and ETHE, also recorded significant net deposits valued at $87.04 million,  $73.53 million, and $36.64 million, respectively. On the other hand, Bitwise’s ETHW, VanEck’s ETHV, 21 Shares’ CEZT, and Franklin Templeton’s EZET all saw modest inflows ranging between $5 million – $16 million.

However, Invesco’s QETH saw another week of negative netflows as this particular continues to suffer an epileptic performance. Following this week, the cumulative inflows of spot Ethereum ETFs now stand at $5.13 billion, despite ETHA’s singular inflows of $6.47 billion due to significant withdrawals valued at $4.26 billion from the Grayscale ETHA.

In addition, the total net assets of these ETFs are now valued $13.53 billion, representing a 24.93% increase from the previous week. Interestingly, these figures indicate that the spot Ethereum ETFs now account for 3.77% of the total Ethereum market cap. Meanwhile, Ethereum continues to trade at $2,964 following a 0.11% decline in the past day.

Altcoins ETF Race Underway

In other news, other prominent altcoins aside from Ethereum are likely to soon debut in the US Spot ETF market. Notably, asset managers have submitted a host of altcoin-affiliated ETF applications to the US Securities and Exchange Commission (SEC), looking to replicate the success of the Ethereum and Bitcoin ETFs, in attracting a weighty institutional interest to the crypto market.

Presently, there are over 70 crypto ETF filings looking to grant investors access to Solana, Dogecoin, XRP, Cardano, Litecoin, among other cryptocurrencies. It is likely the SEC will keep issuing a delay on its responses till the final deadline, most of which comes around October.

Featured image from Pexels, chart from Tradingview

Владелец контрольного пакета Binance, бывший генеральный директор крупнейшей криптобиржи Чанпэн Чжао (Changpeng Zhao) заявил, что готов подать в суд на агентство Bloomberg за статью о связях его компании с принадлежащей семье Дональда Трампа организации World Liberty Financial (WLF).

Binance co-founder and former CEO Changpeng “CZ” Zhao has dismissed a recent Bloomberg report tying him to a stablecoin launched by World Liberty Financial (WLF), one of the crypto entities linked to United States President Donald Trump. The prominent crypto figure accused Bloomberg of defamation and threatened to drag the firm to court for the second time in the past three years. 

Binance CEO Threatens To Sue Bloomberg Again

In a July 11 report, Bloomberg claimed that the world’s largest crypto exchange, Binance, helped design the smart contract code behind the WLF stablecoin (USD1). The report also mentioned how USD1 was allegedly used in a $2-billion investment deal involving an Abu Dhabi-based firm.

CZ, who pleaded guilty to one felony count as part of a settlement deal with the US Department of Justice, recently reported that he was seeking a federal pardon from President Trump. Bloomberg implied in Friday’s report that the Binance co-founder sought a pardon after the exchange facilitated a large transaction using WLF’s stablecoin — hinting at a possible conflict of interest.

Zhao responded on X:

FUD. Bloomberg just wrote another hit piece (sponsored by a competitor) containing so many factual errors I don’t even know where to begin. Might have to sue them again for defamation.

In his post on X, CZ referenced a previous legal dispute with Bloomberg, who wrote an apology to the Binance co-founder and donated an agreed sum to a Special Education Foundation in 2024. We have journalistic standards that should, and will, be better. “To that end, we will not publish or make any allegations to the same or similar effect, in any manner whatsoever,” a part of the apology read. 

It appears that the former Binance CEO will be following a similar path soon, suing the finance behemoth for defamation for the second time in a few years.

Is CZ Being Targeted?

It appears Bloomberg is not the only financial media company to have recently published a “hit piece” on CZ. The Wall Street Journal (WSJ) published an article in May, claiming that Zhao helped “facilitate” some introductions for the Trump family’s World Liberty Financial’s foreign travels.

At the time, CZ denied being a fixer and connecting the WLF’s foreign travel team to a certain Mr. Saqib. According to the Binance co-founder, he and the entire crypto industry are being targeted by certain forces who do not want the success of the digital asset sector in the United States.

Управление финансовых услуг Дубая (DFSA) одобрило создание фонда токенизированных активов денежного рынка QCD Money Market Fund (QCDT). Фонд создали катарский Qatar National Bank (QNB) и компания DMZ Finance.

Генеральный директор гибралтарского Xapo Bank Шеймус Рокк (Seamus Rocc) заявил, что рыночные циклы биткоина остаются актуальны — то есть после новых исторических максимумов первой криптовалюты стоит ждать падения цены.

Офис специальной оперативной группы по предотвращению незаконной финансовой деятельности в китайской провинции Шэньчжэнь сообщил о росте внимания мошенников к стейблкоинам.

The US-based spot Bitcoin ETFs (exchange-traded funds) have continued their impressive form in the past few weeks, recording just one outflow day since June 9, 2025. As such, the crypto-linked investment products have witnessed a significant influx of capital in recent weeks.

The Bitcoin ETFs, however, witnessed the inflow of an unprecedented amount of capital to close the past week. This significant investor activity came as the price of the premier cryptocurrency forged multiple new all-time highs in the space of a few days. 

Bitcoin ETFs Record $2.72 Billion In Past Week: Report

According to the latest market data, the Bitcoin ETFs in the United States posted a total net inflow of $1.03 billion on Friday, July 11. This outstanding performance marked the second straight day of a 10-figure capital influx for the crypto-based investment vehicles.

Unsurprisingly, BlackRock’s iShares Bitcoin Trust (with the ticker IBIT) witnessed the largest net inflow, adding $953.52 million in value to close the week. This strong performance emphasizes the asset manager’s growing dominance in the crypto ETFs industry — as IBIT also recently became the fastest ETF to hit $80 billion in assets under management.

ARK 21Shares Bitcoin ETF (ARKB) came in second place, registering a net inflow of $23.51 million on Friday. Grayscale’s Bitcoin Mini Trust (BTC) and VanEck’s Bitcoin exchange-traded fund (HODL) also managed to post eight-figure inflows, with $20.93 million and $20.01 million, respectively.

Bitwise’s Bitcoin ETF (BITB) and Invesco’s fund (BTCO) were the only other funds to record positive inflows to close the week. BITB and BTCO posted $6.41 million and $5.3 million, respectively, on the day. It is worth noting that the other Bitcoin ETFs didn’t witness any net activity.

As earlier mentioned, the US Bitcoin ETFs registered over a billion-dollar net inflow for the second consecutive day — for the first time since launching in January 2024. These performances in the past two days pushed the weekly record to around $2.72 billion, the fifth-largest weekly inflow.

Bitcoin Price Overview

The direct relationship between the Bitcoin price and the US Bitcoin ETFs’ inflows continued in the past week. On both days when the funds witnessed a billion-dollar capital influx, the price of BTC experienced a significant price surge, reaching a new all-time high of around $118,700.

As of this writing, the price of Bitcoin sits around $117,332, reflecting a 0.3% decline in the past 24 hours. Nevertheless, the value of the flagship cryptocurrency is still up by more than 8% in the past seven days.

Биткоин обновил исторический максимум на отметках выше $118 000 и рыночные показатели указывают на начало сезона альткоинов, заявили аналитики компании Santiment.

Dogecoin (DOGE) is predicted to be on the edge of a fresh breakout as its price action replicates the same bullish wave that preceded its explosive rally in late 2024. After months of sideways movement and bearish pressure, the number one meme coin is showing renewed strength, hinting at the start of a significant upward cycle that could propel its price beyond the long-anticipated $1 target.  

Dogecoin Predicted To Surge 591% To $1

According to a freshly released analysis by TradingView analyst Master Ananda, Dogecoin is exhibiting strong technical patterns that closely mirror its last major bullish breakout from November 2024. The analysis shows that it’s been over 217 days since the meme coin last delivered a powerful rally, yet it now stands at the brink of another explosive move. The projected Fibonacci extension targets place DOGE as high as $1.168, which would represent a 591% increase from current levels. 

Notably, after the prolonged bear market that began following Dogecoin’s 2021 all-time high, the meme coin showed signs of life in early 2024, but the real momentum arrived late in 2024. This same setup is reemerging in mid-2025 in the current cycle. Since March, Master Ananda revealed that Dogecoin’s price action has entered a quiet phase with no significant gains but also no deep corrections, establishing a relatively stable foundation. 

Notably, between May and June, the meme coin faced over eight weeks of bearish pressure, yet it maintained a critical mid-term higher low, signaling strength and accumulation. Over the last three consecutive weeks, Master Ananda’s chart shows that Dogecoin has printed green candles, and this week’s full-bodied green candle at the top signals that a breakout may be imminent. 

The chart analysis draws clear parallels to October 2024 and early 2021—periods of low volatility that preceded parabolic rallies. If history repeats, Dogecoin could once again deliver astonishing returns, with predictions suggesting a rise to and beyond $1. Key Fibonacci resistance levels have been spotted around $0.212, $0.313, and finally, $0.394. 

Dogecoin Targets $0.349 After Breaks Above EMA89

In a subsequent analysis report, Master Ananda revealed that Dogecoin has confirmed the start of a long-term bullish trend after successfully closing above the EMA89, signaling fresh growth and a shifting market structure in favor of bulls. Notably, this critical resistance level has been represented by the blue-dotted line on the daily chart. 

The TradingView analyst has noted that the next key level to watch is the EMA233, which, once broken with a daily close, will further confirm sustained upward momentum and a complete transition into a long-term bullish phase. Dogecoin is currently trading around $0.2, with near-term targets set at $0.265 and $0.349. Both of these targets align with significant Fibonacci resistance zones and recent structural highs. 

Featured image from Getty Images, chart from TradingView

According to the latest report, Anatoly Legkodymov, co-founder of crypto platform Bitzlato, has officially requested a pardon from United States President Donald Trump. Legkodymov, a Russian national, was arrested and charged with operating an unlicensed money transmitting business through his cryptocurrency platform, Bitzlato.

After his arrest in January 2023, Legkodymov submitted a guilty plea to one charge of running an unlicensed money-transmitting business in December 2023. On July 18, 2024, a US Judge sentenced the defunct crypto exchange co-founder to time served after spending 18 months in detention at Brooklyn’s Metropolitan Detention Centre (MDC).

Co-Founder Seeks Pardon To Avoid French Extradition? 

In a July 11 report by a Russian media outlet, Ivan Melnikov, vice president of the Russian branch of the International Committee for Human Rights, revealed that Legkodymov has officially asked Trump for a federal pardon. According to Melnikov, this move comes as the French authorities try to extradite the Bitzlato co-founder to France.

Reports suggest that the French authorities are trying to extradite Legkodymov to face similar charges of operating an unlicensed money-transmitting business. The Russian engineer faces up to 20 years in France for allowing the transfer of significant funds connected to cyber crimes and attacks.

Melnikov told the Russian outlet:

Anatoly is not a criminal; he became a target in a political campaign against the crypto market and talented Russian programmers. His decision to ask for a pardon is based on the hope that the US will return to a more balanced and fair approach to digital finance, and that the US and Russia will gradually build dialogue.

This request might be more strategic than random, considering that Trump has issued roughly 58 presidential pardons since taking the Oval Office in January. Notably, the US President pardoned the Silk Road founder Ross Ulbricht, who was facing two life sentences in federal prison.

Has Crypto Completely Won Trump’s Heart?

Ross Ulbricht is only one of numerous crypto figures to have received federal pardons from Trump in the past few months. Four former executives of crypto exchange BitMEX, namely Arthur Hayes, Benjamin Delo, Gregory Dwyer, and Samuel Reed, also received pardons from the president.

Earlier in May, former Binance CEO Changpeng “CZ” Zhao revealed that he applied for a pardon from Trump after serving jail time as part of his plea deal with the US Department of Justice. Recent reports suggest that the CEO of the now-defunct FTX exchange Sam Bankman-Fried is also trying to secure a federal pardon from the US President.