Welcome to your weekly dose of crypto news from July 8–14, 2025. The global crypto market delivered a historic rally as Bitcoin crossed $122,000 for the first time ever, driven by ETF inflows, corporate treasuries, and bullish U.S. policy moves. Institutional appetite surged across assets, not just Bitcoin, but also Ethereum, XRP, Solana and even PENGU! With XRP ETFs launching globally, ETH staking hitting new highs, and memecoins making headlines, this was a defining week in the ongoing crypto bull run. If you missed last week’s headlines, we’ve got you covered.
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Bitcoin Hits Record $122K: Historic Rally Explained
Bitcoin dominated headlines on July 14 as it soared to a new all-time high (ATH) above $122,000, driven by institutional inflows and renewed legislative optimism in the U.S. Spot Bitcoin ETFs alone saw over $2 billion in inflows on July 10 and 11, with BlackRock’s IBIT ETF setting a record by reaching $80 billion AUM in just 374 days. Corporate treasury adoption also surged with Japan’s Metaplanet and U.S. firms stockpiling BTC.
Read our full Bitcoin price prediction to see where BTC could head next.
XRP ETF Frenzy in July 2025
July is shaping up to be a breakout month for XRP as multiple ETFs go live or gain SEC approval:
- July 16: Tuttle XRP ETF approved (485BX effective date)
- July 18: ProShares XRP Futures ETF to begin trading
- July 21: Volatility Shares XRP Spot ETF to go live on Nasdaq
- Canada’s 3iQ XRP Spot ETF saw $32M AUM within weeks of launch
Dive deeper into the ETF momentum in our latest XRP ETF news, or explore our XRP price prediction.
Altcoin Action: PUMP, PENGU, GMX, and More
- PUMP token surged post-ICO, raising $500M in 12 minutes.
- PENGU jumped 50% as Coinbase changed its profile to Pudgy Penguins NFT and ETF filings emerged
- GMX saw a wild week with a $40M exploit followed by a 15% recovery as hacker returned funds
- MOODENG rallied 17% amid its meme-driven hype
- Phantom Wallet launched perpetual trading for EU users via Hyperliquid
Ethereum Staking Hits New High Staked ETH hit a new ATH of 35.73 million ETH, thanks to validator upgrades and growing Ethereum treasuries. The upcoming Pectra upgrade is improving efficiency and cost for validators.
Regulatory Shifts: Crypto Week in U.S. Congress
- The GENIUS Act for stablecoins heads to the House
- The CLARITY Act on crypto market structure scheduled for debate
- Treasury & IRS repealed crypto broker tax rule affecting DEXs
- Tornado Cash case dropped, removing it from the U.S. sanctions list
- Former Bitfury exec Gould appointed head of OCC
Other Notable Developments:
- Jack Ma-backed Ant Group plans to integrate USDC post-approval
- Jack Dorsey’s Bitchat launched to rival Web2 messaging tools
- German lender NRW.Bank issued €100M bond on Polygon
- Trump’s Truth Social to launch a governance token
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Chart of the Week
Staked Ethereum is on the rise, with 971,400 ETH added since November 2024. Validator consolidation post-Pectra upgrade has fueled this growth.
Watch out for these events next Week
- House Announces Week of July 14th as “Crypto Week” Source
- The House of Representatives looks forward to considering the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act as part of Congress’ efforts to make America the crypto capital of the world
Content Corner
- Enchanting, but Not Magical: A Statement on the Tokenization of Securities SEC Commissioner Hester Pierce
- Hyperliquid’s L1 Begins to Find its Footing Galaxy Digital
Sources for Market, DeFi and NFT Data: Coingecko, DefiLlama, Dappradar, Galaxy Digital, CoinDesk, The Block, DeCrypt
Conclusion
This week was a clear indicator of crypto’s growing influence in global finance. From Bitcoin’s surge to $120K to XRP’s ETF wave, momentum continues across the board. Bookmark the CoinDCX blog for the latest crypto news India and crypto news global. Download the CoinDCX app now and invest in 500+ crypto assets, including Bitcoin, Ethereum, XRP, and Solana.
