Crypto Summary 16.07.2025
@Cryptocurrency_Inside
➡️ US House Schedules Procedural Crypto Vote
Another procedural vote is scheduled for tomorrow in the House, as the chamber advances multiple crypto-related bills.
➡️ BigONE Hacked for $27 Million
Crypto exchange BigONE suffered a $27M breach, with the hacker swapping stolen funds into BTC, TRX, ETH, and SOL.
➡️ Panic Selling: 44,000 BTC Sold at a Loss
Over 44,000 BTC were offloaded at a loss in 24 hours as sellers panicked during a dip — even though BTC never dropped below $115,700. The price rebounded to $118,000, showing the cost of emotional trading.
Crypto Twitter buzzed with jokes blaming notorious degen James Wynn, who reportedly opened a 40x long just before the move.
➡️ CEX Spot Volumes Tank in June
Spot trading volume on centralized exchanges plummeted 28% in June. MEXC led the drop (-43.5%), followed by KuCoin (-41.7%) and Upbit (-38.5%). Even Binance saw a 22% decline. July, however, is set for a rebound amid BTC all-time highs.
➡️ Ethereum Surges Past $3,100, Ecosystem Tokens Rally
ETH hit $3,100, its highest since January, igniting a 10%+ rally across Arbitrum (ARB), Optimism (OP), Lido (LDO), and a stunning 18% jump for Ethereum Name Service (ENS).
➡️ Bitwise Predicts $150K Bitcoin on Supply Crunch
Bitwise forecasts BTC could hit $150,000, citing relentless accumulation by institutions and ETFs versus shrinking miner supply and exchange reserves.
➡️ Solana Hits 1,400 TPS
Solana’s true transaction throughput exceeds 1,400 TPS, reinforcing its performance narrative.
➡️ Market Overheat Warnings
Santiment highlights surging momentum in BTC, ETH, XRP, and PEPE, cautioning that hype could precede a slowdown.
➡️ Tether Mints $2B USDT
A fresh $2 billion in USDT has been minted, injecting new liquidity into crypto markets.
➡️ CZ: “Bitcoin Could Solve Most Public Debt”
Binance founder CZ suggests Bitcoin’s adoption could address much of global public debt.
➡️ Trump–Powell Drama
White House insiders hint that President Trump may soon fire Fed Chair Jerome Powell, a potential catalyst for market volatility.
➡️ Key US Crypto Legislation Advances
The House advanced the Crypto Genius Act, Clarity Act, and Anti‑CBDC Act, underlining crypto’s growing political spotlight alongside an official Committee declaration that digital assets are now a national priority.
➡️ Fox Business: “BTC $150K This Year Is Possible”
Fox Business discussed Bitcoin possibly hitting $150,000 within six months, calling this period “the golden age of digital assets.”
➡️ Bukele Meets With Pakistan’s Crypto Minister
El Salvador’s president, Nayib Bukele, met with Pakistan’s top crypto official, signaling expanding international crypto diplomacy.
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