Paul Grewal, Coinbase’s chief legal officer, discusses pending U.S. crypto legislation and its potential impact on the industry. He also highlights Coinbase’s lawsuit against Oregon, accusing state officials of abruptly changing their stance on digital assets without public input. The exchange claims Oregon’s actions lacked transparency, bypassing standard rulemaking processes. CNBC Crypto World sought comment from the governor’s office but received no immediate response.
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Ethereum Rises as Bitcoin Dips: Key Market Shifts
Ethereum (ETH) gained 4% in 24 hours and 20% over the week, trading at $3,128, while Bitcoin (BTC) dipped 1.9%, briefly falling below $117,000. ETH’s rally reflects corporate treasury purchases, including Sharplink Gaming’s $225 million acquisition and BitMine’s $500 million holdings. Regulatory optimism, particularly around potential SEC approval of Ethereum ETFs with staking, further buoyed ETH. Analysts noted ETH’s outperformance despite a stalled U.S. crypto bill, attributing its strength to derivatives market activity and institutional interest. Bitcoin’s recent 300% two-year surge contrasts with ETH’s 60% gain, though ETH remains down 8% YTD.
read moreBitcoin Hits $123K Amid ETF Inflows & Crypto Week
Bitcoin briefly surpassed $123,000 on July 15, setting a new all-time high before settling around $117,013. The rally was fueled by strong institutional demand, with spot Bitcoin ETFs like BlackRock’s IBIT and Fidelity’s FBTC seeing over $750 million in net inflows. Concurrently, the U.S. House designated July 14–18 as ‘Crypto Week,’ reviewing key bills like the GENIUS Act (stablecoin regulation), CLARITY Act (crypto classification), and Anti-CBDC Act. Republican lawmakers are also pushing for a ‘Strategic Bitcoin Reserve’ to hedge against inflation. Altcoins like Ethereum and XRP showed resilience, while meme coins like FloppyPepe gained traction. Analysts remain divided on whether Bitcoin will push toward $140K or face a pullback, but the combination of institutional interest and regulatory progress signals a maturing market.
read moreUS House Debates AI & Crypto Regulation Amid Industry Push
The U.S. House of Representatives is preparing to deliberate on advancements and regulations concerning artificial intelligence (AI) and cryptocurrencies. Ahead of these discussions, more than 150 industry and government officials convened to advocate for a clear regulatory framework, highlighting the economic impact of digital money and AI. Pavan Agarwal, CEO of Sun West Mortgage and founder of Celligence, played a central role in these talks, leveraging his company’s AI-driven mortgage platform, AngelAi, as an example of fintech innovation. The event underscores the growing intersection of finance, technology, and policy as lawmakers and industry leaders seek to balance innovation with oversight.
read moreCoinbase Hits Record High as GENIUS Act Looms
Coinbase’s stock soared to an all-time high of $398.50, pushing its market cap above $100 billion, as Argus Research reaffirmed a ‘buy’ rating with a $400 target. Analysts highlighted the exchange’s premium valuation, 76.45% YoY revenue growth, and 85.25% gross profit margin as justifications. The anticipated passage of the GENIUS Act, a stablecoin regulatory framework, is expected to further boost Coinbase, which earns 50% of Circle’s USDC reserves revenue. Recent innovations like a Bitcoin-rewards credit card and Coinbase Payments also signal growth potential. Despite risks from its premium valuation, Coinbase’s S&P 500 inclusion and favorable crypto market trends underpin bullish sentiment.
read moreU.S. House to Vote on Major Crypto Bills Next Week
The U.S. House of Representatives will vote on three critical crypto bills between July 14-18, 2025, dubbed ‘Crypto Week.’ The bills include the CLARITY Act (defining SEC/CFTC oversight), an Anti-CBDC bill, and the GENIUS Act (stablecoin regulation). Simultaneously, Fannie Mae and Freddie Mac will now accept crypto assets like Bitcoin and Ethereum as proof of financial eligibility for mortgages, signaling broader adoption. Michael Saylor also urged the U.S. to secure 20% of global Bitcoin supply, framing it as strategic infrastructure. These developments highlight crypto’s growing integration into traditional finance and policy.
read moreU.S. House Declares ‘Crypto Week’ to Push Landmark Bills
The U.S. House of Representatives will mark the week of July 14 as ‘Crypto Week’ to advance three major digital asset bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. This GOP-led initiative seeks to position the U.S. as a frontrunner in cryptocurrency innovation. The move underscores growing legislative efforts to regulate and promote digital assets, aligning with broader political and economic strategies.
read moreU.S. House Declares ‘Crypto Week’ to Push Landmark Bills
The U.S. House of Representatives has declared the week starting July 14 as ‘Crypto Week,’ during which lawmakers will consider three significant bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The CLARITY Act seeks to resolve regulatory ambiguity by clearly defining the roles of the SEC and CFTC in overseeing digital assets, categorizing them as securities, commodities, or stablecoins. The GENIUS Act establishes a federal framework for stablecoins, promoting their mainstream adoption while ensuring consumer protections. The Anti-CBDC Act aims to block the issuance of a U.S. central bank digital currency, addressing privacy concerns. This legislative push reflects the growing recognition of crypto’s economic importance and aims to position the U.S. as a leader in digital asset innovation.
read moreDow, S&P 500, Nasdaq 100 Rise Ahead of June Jobs Report
Futures for the Dow Jones, S&P 500, and Nasdaq 100 are showing gains in premarket trading, reflecting investor optimism ahead of the June Jobs Report. Market participants are closely monitoring developments in U.S. trade negotiations and the upcoming House vote on a significant tax and spending bill. These factors are expected to shape market direction in the near term, with traders balancing economic data against policy uncertainties.
read moreGOP Tax Cuts: $4T Plan May Boost Bitcoin, Stocks, Gold
The Republican-led U.S. House has introduced a sweeping tax-cut bill projected to slash taxes by $4 trillion while adding $2.5 trillion to the national deficit. The proposal includes $1.5 trillion in spending cuts, primarily targeting Medicaid and university endowments, and raises the debt ceiling by $4 trillion. Analysts warn the increased deficit will strain bond markets but could benefit inflation-resistant assets like Bitcoin and gold, as well as stocks due to higher disposable income. The national debt, already at $36.2 trillion (127% of GDP), may grow further, with Treasury yields likely rising as bond prices fall. Spencer Hakimian of Tolou Capital Management highlights the shift toward hard and risk assets in response to loose fiscal policy.
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