Week of July 8 - 14, 2025
After the U.S. House of Representatives passed President Donald Trump’s “Big Beautiful Bill,” lawmakers announced plans to review three major crypto-related bills on July 14, 2025. Up for discussion: the GENIUS Act, the Clarity Act—which would outline digital asset market structure—and a bill opposing central bank digital currencies (CBDCs). No wonder this week is being called “Crypto Week.”
Meanwhile, Spot Bitcoin ETFs kept up a steady pace of net inflows throughout June. Publicly listed companies added 65,000 BTC to their reserves (worth about $7 billion), bringing total institutional investment close to $50 billion.
The U.S. SEC made headlines by temporarily halting the conversion of the Grayscale Digital Large Cap Fund into an ETF—just one day after it was approved for trading. The agency is also reviewing ETF applications for other tokens, including Solana (SOL), Ripple (XRP), and Dogecoin (DOGE).
Standard Chartered is now forecasting that Bitcoin could hit $135,000 by the end of Q3, fueled by strong capital flows into spot ETFs, growing institutional interest, and potential passage of the U.S. Stablecoin Act.
Nano Labs, a Chinese microchip maker, announced a $50 million investment in BNB with plans to grow its holdings to as much as $1 billion, representing 5–10% of BNB’s total supply. Shares in Nano Labs have soared 106% since the announcement.
In Kazakhstan, the National Bank plans to establish a state-managed crypto reserve, potentially composed of seized digital assets and government-mined crypto. In May, President Tokayev launched “CryptoCity,” a pilot zone where crypto can be used for payments for goods and services.
DeFi transaction fees have also staged a comeback, rising to $577 million—a 58% jump from April’s low. PancakeSwap led in fee revenue, followed by Uniswap, Aave, and Maker.
Bitcoin (BTC)
Bitcoin (BTC) has broken through resistance to hit a new high, signaling strong momentum as it eyes a test of the previous peak at $112,000. Support has moved up to around $105,000, with the trend continuing to show a sideways-to-up pattern.
Ethereum (ETH)
Ethereum (ETH) is tracking in a sideways-up pattern. The $2,400 support level serves as a potential entry on pullbacks, with the next resistance target at $2,850. Buy-on-dip remains the preferred strategy.
Bonk (BONK)
Bonk (BONK) returned 49.98% over the past week, surging rapidly. Waiting for pullbacks is advised for risk management. The $0.00001840 support level is both an entry and stop-loss point, with resistance at $0.00002443.
Moo Deng (MOODENG)
Moo Deng (MOODENG) posted a 24.10% return last week. The recent pullback presents a buying opportunity at $0.16341, with a short-term profit target at $0.23818. The overall trend suggests a bullish recovery.
The U.S. stock market is hitting new highs, buoyed by ETF inflows that are supporting both Bitcoin prices and broader crypto momentum. While retail activity hasn’t fully returned, institutional buyers are still backing the rally.
Next week’s much-anticipated Crypto Week could bring big moves, as three major bills are reviewed in Congress. Progress on ETF approvals for various altcoins may further lift market sentiment.
DeFi altcoins are back in focus, driven by rising transaction volumes and increased fee revenue, alongside new trading highs on centralized exchanges. Meme coins are also seeing a fresh wave of speculative interest.
Investment strategy: Focus on trading Bitcoin to capitalize on its push to new highs, while gradually accumulating altcoins tied to stablecoins and DeFi. For meme coins, keep a short-term, speculative approach—buy on dips rather than chasing pumps.
References