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Bitcoin shattered records, soaring to $123,153.22, driven by the U.S. House’s “Crypto Week” debates on pro-crypto bills like the GENIUS Act, which passed to regulate stablecoins and boosted market optimism, pushing the global crypto market cap to $3.8 trillion. Ethereum ETFs saw a record $727 million single-day inflow, lifting Ether to $3,675.81, while XRP surged 32% to $3.55, fueled by the CLARITY Act’s regulatory clarity and ETF launches. A 2010 Bitcoin wallet moved $2.4 billion in BTC, sparking speculation, and Solana’s Raydium DeFi protocol reported a 45% TVL spike to $3.2 billion. South Korea’s Shinhan Bank launched crypto services, Cardano neared its Chang hard fork for decentralized governance, Polygon’s zkEVM upgrade cut gas costs by 20%, and a Bitcoin BIP proposed quantum-resistant cryptography, all signaling robust institutional and technological momentum in the crypto space, as reported by Cointelegraph, CoinDesk, and other leading outlets.
- Bitcoin Hits All-Time High Above $120,000
Bitcoin surged to $123,153.22 on July 14, driven by optimism around the U.S. House’s “Crypto Week” (July 14–18), which debated crypto-friendly legislation. The rally pushed the global crypto market cap to $3.8 trillion, nearing $4 trillion, close to the UK’s GDP. High trading volumes and leverage fueled the surge, with analysts predicting further gains if regulatory clarity emerges. - GENIUS Act Progresses for Stablecoin Regulation
The GENIUS Act, aimed at regulating stablecoins with 1:1 cash backing and strict licensing, advanced in the U.S. House during Crypto Week. It’s seen as a step to prevent dominance by tech giants and ensure financial stability, with potential to position the U.S. as a digital asset leader. The bill’s progress has sparked interest from global regulators, and stablecoin issuers like Circle expect faster adoption with clear rules. - Ethereum ETFs Record $727M Single-Day Inflow
Ethereum ETFs saw a record $727 million inflow in a single day, contributing to $7 billion in Q2 2025 inflows. Ether’s price hit $3,700, supported by a 39% fee drop and growing institutional interest. BlackRock’s Ethereum ETF led the inflows, and analysts attribute the rally to renewed DeFi activity. - XRP Surges 32% Amid Regulatory Optimism
XRP reached a new high above $3.60, up 32% for the week, fueled by expectations of clearer U.S. regulations from Crypto Week’s CLARITY Act, which aims to split oversight between the SEC and CFTC. Ripple’s ongoing legal battles saw positive sentiment, and trading volumes spiked as investors bet on XRP’s utility in cross-border payments. - Dormant Bitcoin Wallet Moves $2.4B
A wallet inactive since 2010 transferred 20,000 BTC, worth $2.4 billion, originally bought for $15,400. Additional movements of 80,000 BTC to exchanges like Binance and Bybit sparked market speculation. Some analysts suggest institutional accumulation, while others warn of potential sell pressure impacting short-term prices. - Solana-Based DeFi Protocol Sees Record TVL Growth
Raydium, a leading Solana-based DeFi protocol, reported a 45% total value locked (TVL) increase to $3.2 billion, driven by demand for high-speed blockchain transactions. The growth was fueled by new yield farming pools and integrations with Solana’s NFT ecosystem. Analysts highlight Solana’s low fees and scalability as key drivers for DeFi adoption. - South Korea’s Shinhan Bank Launches Crypto Services
Shinhan Bank introduced crypto trading and custody services on its mobile app, marking a significant step in South Korea’s adoption of digital assets. The service targets retail investors, and the bank plans to expand offerings with institutional custody solutions. - Bitcoin BIP Proposes Quantum-Resistant Upgrade
A new Bitcoin Improvement Proposal (BIP) was introduced to replace outdated signature schemes with quantum-resistant cryptography, aiming to future-proof Bitcoin’s security. The proposal has garnered community support, and developers are prioritizing its integration to counter potential quantum computing threats. - Polygon zkEVM Upgrade Boosts Scalability
Polygon’s zkEVM, a layer-2 scaling solution, rolled out a major upgrade improving transaction throughput and reducing gas costs by 20%. The upgrade enhances compatibility with Ethereum’s ecosystem, attracting more dApps to the network. Developers reported a 30% increase in transaction volume post-upgrade, signaling growing adoption. - Cardano’s Chang Hard Fork Nears Completion
Cardano’s Chang hard fork, aimed at introducing decentralized governance, entered its final testing phase, with mainnet deployment expected soon. The upgrade will enable on-chain voting for Cardano’s community, strengthening its position as a decentralized platform. The price of ADA rose 15% during the week, reflecting investor confidence.
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