Friday July 11, 2025
A rising tide lifts all boats, and the digital asset market is closing the week with powerful momentum. Bitcoin has surged past $118,000 and now appears poised to test the $120,000 level. Ether and XRP have returned to multi-month highs, while Solana is rebounding from early summer losses with renewed strength.
This upswing is not driven by hype alone. Regulatory clarity is gradually improving, new business models are taking shape, and public support for digital currencies continues to grow. The combination of these factors is creating a more stable foundation for growth and investors are responding.
As we wrap up the week, it’s clear that sentiment is shifting. Digital assets are no longer seen solely as speculative bets; they are increasingly recognized as building blocks of a new financial system.
â—¾ Bitcoin reached a new all-time high of $118,780. (Coinmarketcap)
â—¾ The Department of Treasury and IRS removed the crypto broker rule that required decentralized exchanges to report customer transactions. (FederalRegister.gov)
◾ The European Securities and Markets Authority flagged flaws in Malta’s crypto licensing process and called for stronger EU oversight and coordination. (Esma.europa.eu)
Government & NGO Actions
◾ The Senate confirmed Jonathan Gould, Bitfury’s former Chief Legal Officer, as Comptroller of the Currency. (Bloomberg)
â—¾ Republicans on the Senate Banking Committee called for a light-touch approach to crypto regulation while Democrats raised concerns about potential loopholes and conflicts of interest. (Bloomberg)
â—¾ Pope Leo XIV urged countries to adopt AI regulations rooted in shared respect for human dignity and fundamental freedoms. (VaticanNews)
â—¾ Regulators in Shanghai are evaluating expanded research into stablecoins and digital currencies, signaling a shift from earlier restrictive stances. (Reuters)
â—¾ The Bank of Korea warned that Korean Won stablecoins and non-bank payment services could disrupt currency policy and impact its profits. (Edaily.co.kr)
◾ Florida’s attorney general launched an investigation into Robinhood $HOOD over claims it misled users by presenting itself as the cheapest option for buying crypto. (Reuters)
â—¾ Tasmania police are targeting crypto ATM scams after discovering that the 15 top ATM users in the Australian state were all scam victims. (Tas.gov.au)
â—¾ A federal judge ruled that voice actors can proceed with a lawsuit against AI startup Lovo for allegedly using their voices without consent. (Reuters)
â—¾ A US judge extended the sentence of a crypto fraudster from 18 months to 12 years for failing to repay victims. (Bloomberg)
Financial Notices & Public Company Releases
â—¾ K Wave Media $KWM secured $500 in financing and committed to allocating at least 80% of the proceeds to bitcoin. (GlobeNewswire)
â—¾ Sequans Communications $SQNS purchased 370 bitcoin. (Sequans)
â—¾ DeFi Development $DFDV bought 153,225 solana worth $23.7 million, raising its total holdings to 846,630 SOL ($133 million). (GlobeNewswire)
â—¾ Kulr Technology $KULR acquired $10 million more in bitcoin, bringing its total holdings to 1,021 BTC ($101 million). (GlobeNewswire)
â—¾ Mogo $MOGO made a $1 million strategic investment in Digital Commodities $DIGI. (Newsfile)
â—¾ Hyper Bit $HYPE drew an additional C$50,000 from its credit facility to purchase bitcoin. (Newsfile)
â—¾ Hive Digital $HIVE surpassed a hashrate of 12 EH/s. (HiveDigitalTechnologies)
â—¾ Genius Group $GNS approved a 20% share repurchase program. (GeniusGroup)
â—¾ Nuvve Holding $NVVE began an underwritten public offering of common shares. (Nuvve)
Restructuring, Hacks, Losses & Legal News
â—¾ An AI watchdog filed an IRS complaint against OpenAI alleging conflicts of interest and failure to uphold nonprofit safeguards. (X)
AI Announcements
â—¾ Microsoft $MSFT saved $500 million last year by using AI in its call centers. (Bloomberg)
â—¾ Coinbase $COIN is partnering with Perplexity AI to provide traders with real-time data to support decision making. (X)
â—¾ Hug Hugging Face unveiled an $299 11-inch desktop robot designed to help developers build and test AI models using physical hardware. (VentureBeat)
â—¾ Amazon $AMZN is developing new heat exchangers to cool Nvidia $NVDA GPUs.. (CNBC)
Protocols, Applications & Business News
â—¾ Rumble $RUM is working with MoonPay to enable on-ramp and off-ramp crypto payment services on its platform. (GlobeNewswire)
◾ Coinbase $COIN is integrating Copper’s ClearLoop to enable institutional clients to settle trades off-exchange. (Copper)
â—¾ Japanese real estate firm Gates Group plans to tokenize $75 million of premium Tokyo real estate.. (GatesTokyo)
◾ German development bank NRW.Bank issued €100 million ($116.7 million) in blockchain-based 2-year bonds without physical certificates. (CoinDesk)
Metaverse & Gaming Briefings & Activations
â—¾ Enthusiast Gaming $EGLX appointed former CFO Alex Macdonald as CEO and announced plans to sell its direct sales business. (EnthusaistGaming)
Market Data
◾ Bitcoin’s difficulty is projected to increase 7.5% on its next adjustment early Saturday morning. (Newhedge)