Crypto Weekly Roundup: important legal movements, arises from ETF Blackrock and the growing wave of political uncertainty
The world cryptocurrency market experienced the turbulence measured this week, since regulatory advances, institutional adoption and latent whale activity remodeled the landscape of digital assets. As of this morning, the total capitalization of the market crypto is $ 3.32 billion, reflecting a modest 0.80% decrease in the last 24 hours, according to Coingecko.
From Bitcoin ETF record of Blackrock to Ripple’s impulse for an American banking license and whispers of Elon Musk’s political ambitions, here are the stories that defined Crypto this week.
“Big Beaut Beautiful Bill” signed, the political and cryptographic debate of sparks
In Washington, President Trump signed the “Great Beautiful Law”, wide legislation aimed at stimulating the economy through tax reductions, zero taxes on tips and an increase in defense and financing of border security. Although the bill is expected to increase investors, particularly within the cryptographic community, it has also generated criticism for adding an estimated $ 3.3 billion to the federal deficit.
The rumors began to circulate shortly after the signing of the bill that Elon Musk, disappointed by what he called an “unpleasant abomination” of spending excess, is to explore the formation of a new political entity tentatively called the “America party”. Market observers point out that Musk’s potential entry into politics, known for their public support to Bitcoin and Dogecoin, could bring a Change of Pro Digital Assets in the main current, which impacts future regulatory frameworks for the cryptographic industry.
Blackrock Ibit Bitcoin ETF increases to become the third largest background
In a historical development for the institutional adoption of cryptography, the ETF Bitcoin of Blackrock, Ibit, has reached $ 76 billion in assets under administration, which makes it the third largest exchange fund of the company and one of the fastest growing funds in the history of Blackrock.
It currently has 696,874 BTC in custody, Ibit is only $ 9 billion below the main ETF of Blackrock, underlining the growing growing institutional demand for Bitcoin exposure with the safety and familiarity of a traditional financial product. Analysts point out that low rates and regulatory clarity around Ibit have been key factors in their success, which reinforces Bitcoin’s role as a class of mature assets within the broader financial ecosystem.
The House of the USA declares from July 14 to 20 as “Crypto Week” for key legislation
In a significant step towards regulatory clarity, the United States Representatives Chamber has declared from July 14 to 20 as “Crypto Week”, during which legislators will vote on fundamental invoices that affect the landscape of digital assets. The legislation includes the clarity law, which seeks to establish clear guidelines for digital asset classifications, Genius law to support Stablecoin’s innovation and the Anti-CBDC bill intended to prevent the deployment of a federal digital dollar.
If approved, these bills could significantly improve investors and establish the United States as a leader in cryptographic innovation while adding concerns related to consumer protection and systemic stability in the flourishing sector.
The inactive bitcoin wallet moves $ 1.09 billion after 14 years
An inactive Bitcoin wallet, inactive since 2011, executed a transaction that moves 10,000 BTC valued at approximately $ 1.09 billion, according to blockchain analysis firms. The unique transaction, completed on July 5, transferred the funds to a new direction, causing speculation about a possible link with the elusive creator of Bitcoin, Satoshi Nakamoto.
While the transaction fed the concerns of a potential impact on the market, experts have emphasized that currencies have not yet reached exchanges, which suggests that an immediate sales sale may not be imminent. However, the event serves as a reminder of the significant influence that the movements of inactive whales can have in the feeling of the market.
Trump’s Vietnam Commercial Agreement reforms the dynamics of Asian trade
In a movement to strengthen national manufacturing and counteract the indirect trade routes of the Chinese, former President Trump ended a new commercial agreement with Vietnam, imposing a 20% rate on Vietnamese imports and a 40% tariff on deviant exports that enter the US market. In return, Vietnam agreed to a zero tariff policy on US imports.
The agreement is expected to realize commercial flows in the Asia and Pacific region while creating national manufacturing opportunities in the United States. With the bilateral meeting of July 9, the cryptographic community is closely monitoring the possible secondary impacts on the supply chains for Blockchain hardware and infrastructure mining.
Ripple pursues the National Bank letter and the Fed account
Ripple has requested a US National Bank letter and a Federal Reserve Master account in an attempt to strengthen his next Stablcoin, Rlusd. If approved, Ripple Stablecoin would obtain a considerable advantage over competitors such as USDT and USDC by providing greater security and direct access to the United States financial system.
The Ripple movement aligns with its strategy to position Rlusd as a preferred stable in a regulatory environment that increasingly demands transparency and compliance. The application follows Ripple’s recent liquidation developments with the SEC and its efforts to integrate with the US financial system. To facilitate the broader adoption.
Coinswitch unlocks access to more than 100,000 web tokens for Indian users
In an important step towards conventional cryptographic adoption in India, Coinswitch has launched a new web 3 coins function that allows users to exchange more than 100,000 decentralized tokens directly in Indian rupees (INR) without requiring gas rates or external wallets. The service integrates decentralized financing investment opportunities (DEFI) with a regulated and easy to use platform.
The system, backed by the Coinswitch trace security mechanism, guarantees token lists and thoroughly investigated, allowing Indian investors to access the broader ecosystem with confidence.
Circle is applied to the State of the National Trust Bank of the USA.
After its successful OPI of $ 18 billion, Circle, the USDC Stablecoin issuer, has requested a National Trust Bank license in the United States. If approved, Circle will operate its USDC reservations under a bank letter, allowing you to provide custody of digital assets and services related to institutional customers while maintaining regulatory compliance.
The movement positions the circle to align with the emerging regulations of the United States under the proposed legislation, such as the genius law, while potentially redefines the relationship between the established and the traditional financial system.
Bitcoin Activity of the Satoshi-Era: 80,000 BTC Rows Mercado Speculation
In another important development, more than 80,000 bitcoins, originally valued below $ 320,000 when they were acquired in 2011, reactivated after 14 years, now for a value of around $ 8.69 billion. On July 5, four wallets transferred 40,000 BTC in a single day, which led to greater speculation about the possible reasons behind these movements.
While some speculate a link to the holders of the Satoshi era, Blockchain analysts have confirmed that the currencies have not reached exchanges, reducing the immediate concerns of the floods of the market. However, the reactivation of such significant volumes has added a layer of uncertainty to an already cautious market.
Elon Musk’s political aspirations cause crypto optimism
The reports suggest that Elon Musk is actively exploring the creation of a new political party, the “América Party”, after its public rejection of the “great bill” Big Beautiful “of Trump. Musk is expected to historically advocated the adoption and decentralization of cryptocurrencies, defends the pro-Crypto policies if he enters the political sphere.
Political analysts argue that Musk’s potential candidacy could inject impulse into the discussions of cryptographic policies in Washington, potentially influencing the trajectory of the regulations surrounding digital assets and decentralization efforts in the US economy.
Conclusion: Crypto integration into global finances accelerates
This week’s cryptographic developments underline the deepest ties between digital assets and global financial and political structures. Institutional investment continues to arrive in Bitcoin through the Blackrock ETF, regulatory clarity is advancing in the United States, and the stable are entering the main financial systems. Meanwhile, geopolitical maneuvers and important whale movements continue to test market resilience.
As cryptocurrencies of the transition from a speculative asset to integrated financial infrastructure, investors, those responsible for formulating policies and industry leaders must remain agile to respond to evolving opportunities and risks within the digital asset ecosystem.
The way ahead of cryptocurrencies is increasingly intertwined with institutional and regulatory finance frameworks, promising a dynamic future, but uncertain, for digital assets in the global economy.
Source: https://www.coingabbar.com/en/crypto-currency-news/crypto-news-weekly-big-updates-on-laws-etfs-market-tens
Writer
@Ellena
Ellena is an experienced cryptographic writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides information about the latest trends and innovations in the currency space.
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