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Crypto News

Bitcoin Surpasses $120,000 with a 1.29% Increase in 24 Hours

Bitcoin (BTC) crossed the $120,000 benchmark and is now trading at $120,299, with a 1.29% increase in 24 hours.

Ethereum Surpasses $3,600 with a 8.03% Increase in 24 Hours

Ethereum (ETH) crossed the $3,600 benchmark and is now trading at $3,645, with a 8.03% increase in 24 hours.

Crypto Market Gets Major Win as Congress Passes Stablecoin Bill

Congress delivered a watershed victory for the crypto industry on Thursday, passing the first federal legislation to regulate stablecoins and clearing the way for broader use of the technology in everyday finance.

Backed by Republicans and championed by President Donald Trump, the bill imposes federal or state oversight on dollar-linked tokens that can move around the clock and across platforms. Supporters say it could unlock faster, cheaper forms of payments — and bring legitimacy to a $265 billion market that Citigroup Inc. analysts expect could swell to $3.7 trillion by 2030.

The measure, which passed the House 308-122 with broad bipartisan support after clearing the Senate, is now on track to become law. Trump personally lobbied Republican lawmakers to support it.

Sharplink Gaming Amends ATM Agreement to Allow up to $6 Billion in Share Sales

SharpLink Gaming, whose stock has surged over 528% in the past six months according to InvestingPro data, announced Thursday it has amended its at-the-market (ATM) Sales Agreement with A.G.P./Alliance Global Partners to increase the maximum aggregate offering amount of its common stock from $1 billion to $6 billion. The company, currently valued at $3.31 billion, has seen its shares demonstrate significant volatility, with the stock price reaching $36.40 in recent trading. The amendment also introduces the option for forward sales of shares through Master Forward Confirmation Letter Agreements.

According to the company’s statement in a Securities and Exchange Commission filing, the amendment allows SharpLink Gaming to sell shares of its common stock, par value $0.0001 per share, from time to time through the ATM Offering as defined by Rule 415 under the Securities Act of 1933.

US ‘Crypto Week’ Drives Record Inflows, Volume for Ether Funds

US exchange-traded funds for Ether posted record inflows and trading volumes as key crypto legislation endorsed by President Donald Trump advances.

After a sluggish start to the year, investors on Wednesday poured $727 million into the group of nine ETFs, which also logged $2.6 billion in trading volume as Ether rallied. Open interest in Ether futures on CME Group also hit a fresh high, signaling mounting institutional demand for the second-largest cryptocurrency.

Low Probability of Powell's Dismissal by Trump Before August End

According to BlockBeats, the likelihood of U.S. President Donald Trump attempting to dismiss Federal Reserve Chairman Jerome Powell by the end of August is estimated at only 19% on Polymarket. Additionally, the probability of Powell stepping down from his position this year stands at 21%. Previously, Trump denied drafting any letter to dismiss Powell from his role.

Canaan to Supply 6,840 Bitcoin Miners to Cipher's Black Pearl Site

Canaan Inc. has agreed to supply about 6,840 Avalon A15Pro bitcoin miners to Cipher Mining Inc.'s Black Pearl facility in the third quarter, it said on Thursday.

Each unit delivers an average hash rate of 221 terahashes per second (TH/s) with a power efficiency of ~16.6 joules per terahash (J/TH).

Riot Platforms Reduces Stake in Bitfarms to 9.85%

Riot Platforms reported a reduction in its beneficial ownership of Bitfarms Ltd. to 9.85% as of July 16, 2025.

Riot sold ~2.46M shares of Bitfarms, which accounted for approximately 0.44% of Bitfarms’ total outstanding shares.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Thursday was $522.60 million. The total net asset value of Bitcoin spot ETFs is $154.61 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 6.51%.

The Bitcoin spot ETF with the highest net inflow on Jul. 17 was iShares Bitcoin Trust ETF, with a net inflow of $497.30 million. Following that was Fidelity Wise Origin Bitcoin Fund, with a net inflow of 7.83 million, according to SoSoValue.

SoSoValue