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Every Crypto Coin Show story tagged Bitcoin, newest first, alongside the guides and interviews that give it context.

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U.S. debt ceiling rise to $41.1 trillion drives Bitcoin above $117,000
Bitcoin

U.S. debt ceiling rise to $41.1 trillion drives Bitcoin above $117,000

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BitcoinCrypto Coin Show News Team·July 11, 2025·3 min read

Bitcoin has surpassed $117,000 for the first time, driven by fiscal concerns tied to a $5 trillion debt ceiling increase and passage of a spending bill projected to add $5.5 trillion to the national debt. The rally reflects institutional concern about currency debasement as the U.S. dollar posts its worst six-month performance since 1973.

  • Bitcoin rose above $117,080, up more than 60% since April’s low, as Ether touched $3,000 and XRP gained 5% to $2.60.
  • The U.S. debt ceiling was raised to $41.1 trillion in April, with national debt at $37 trillion and projected to hit the ceiling within three years.
  • The dollar fell 10.8% in the first half of 2025, the worst start-of-year performance since 1973, despite the Federal Reserve maintaining higher interest rates.
  • $117,080 Bitcoin’s first-time high, marking a 60% gain since April
  • $5.5 trillion Projected permanent impact of the spending bill on national debt
  • 10.8% Dollar decline in the first half of 2025, worst since 1973

Bitcoin crossed $117,000 this week as a fresh rally in major cryptocurrencies tracked the passage of fiscal legislation that markets read as a warning signal about U.S. debt sustainability. Ether briefly reached $3,000 before settling to $2,800, while XRP climbed 5% to $2.60. The timing of the rally aligns precisely with two fiscal events: Congress raising the debt ceiling by $5 trillion to $41.1 trillion in April, and the House approving and Trump signing what the administration calls the “One Big Beautiful Bill” (OBBB) into law on July 3-4, which projects to add $5.5 trillion to the national debt if made permanent.

Bitcoin bottoms on tariff pause, accelerates after OBBB markup

The cryptocurrency’s price action traces a clear path through four months of fiscal developments. On April 9, 2025, when the White House delayed tariffs for 90 days, Bitcoin touched its lowest point before beginning a sustained climb. The asset then dipped briefly to $100,000 on June 22 but resumed climbing as House votes on the spending bill approached.

By July 4, as Trump signed the OBBB into law, Bitcoin had crossed $117,000.

Elon Musk’s April 22 announcement that he was stepping down as head of the Department of Government Efficiency (DOGE) reinforced the market’s interpretation that fiscal pressures were deepening. That resignation came two days after the rally began and preceded an open dispute between Musk and Trump over federal spending priorities.

Market participants read the conflict as a signal that deficit concerns, not partisan divisions, were driving price movements.

Dollar weakness contradicts policy signals despite Fed’s hawkish stance

The U.S. Dollar Index has fallen 10.8% in the first half of 2025, marking its worst start to a calendar year since 1973 and matching the pace of the 1986 inflation-crisis slide. This decline persists despite the Federal Reserve maintaining higher interest rates, with the latest FOMC minutes indicating that several board members see no rate cuts arriving in 2025.

Normally, higher rates and tariff aggression should strengthen the dollar, yet the greenback has instead tracked the trajectory of fiscal deterioration.

The $37 trillion national debt now sits $4.1 trillion below the newly raised ceiling, leaving a runway of less than three years before another ceiling vote becomes necessary at current spending rates.

Tech equities rallied alongside Bitcoin during this period, with Nvidia becoming the first company to reach a $4 trillion market capitalization. Institutional capital appears to be moving toward assets perceived as hedges against currency debasement, both technology stocks and cryptocurrencies, while retreating from dollar holdings.

Musk, in a post on X responding to a question about whether his newly formed America Party would support Bitcoin, stated: “Fiat is hopeless, so yes.”

The CCS read. Bitcoin’s move above $117,000 reflects not retail euphoria but institutional recognition that U.S. fiscal policy has shifted beyond repair within current political constraints. The debt ceiling was raised despite no crisis; the spending bill passed without significant deficit reduction. This is not a temporary correction but a structural breakdown in fiscal discipline, making dollar alternatives urgent for institutions managing long-term purchasing power.

The Treasury will issue debt to fund the gap between the $41.1 trillion ceiling and actual obligations. If the national debt reaches $37 trillion by late 2027 or early 2028 as current trends suggest, Congress will face another ceiling vote during a presidential election cycle, a political constraint that may further limit fiscal options and signal whether institutional crypto adoption accelerates as a hedge against forced monetary expansion.

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Elon Musk’s America Party declares full support for Bitcoin
Bitcoin

Elon Musk’s America Party declares full support for Bitcoin

BitcoinCrypto Coin Show News Team·July 7, 2025·4 min read

Elon Musk’s newly launched America Party has taken a formal pro-Bitcoin stance, positioning digital assets as a core policy plank in his breakaway political movement. The declaration signals how crypto policy has become central to high-profile political entrepreneurship, with institutional investors watching whether third-party crypto support reshapes the regulatory landscape.

  • Elon Musk declared his America Party “fully support Bitcoin,” stating “Fiat is hopeless” in a post on X.
  • The party launch followed Musk’s public feud with President Trump over the One Big Beautiful Bill Act, which passed the House on July 3.
  • Musk has committed to backing primary challenges against Republican lawmakers who voted for the bill, signaling electoral consequences for crypto-hostile positions.
  • 80% of respondents voted yes when Musk polled followers on forming a new centrist political party
  • July 3 date the One Big Beautiful Bill Act passed the House of Representatives
  • South Africa Musk’s birthplace, making him constitutionally ineligible for U.S. presidency

Elon Musk has formally positioned Bitcoin and cryptocurrency at the core of his new political party, declaring in an announcement on X that the America Party will be “pro-Bitcoin” and that “Fiat is hopeless.” The move transforms his ongoing conflict with President Donald Trump into a broader third-party challenge, one explicitly anchored in crypto-friendly policy. The America Party itself launched two days before Musk’s Bitcoin declaration, emerging from his public feud with Trump over legislation Musk views as hostile to the crypto industry and to individual liberty more broadly.

Musk’s feud with Trump over financial regulation legislation triggers party formation

The rupture between Musk and Trump centers on the One Big Beautiful Bill Act, which passed the House of Representatives on July 3 and has become the flashpoint for Musk’s political exit from the Republican party framework.

Musk had accused Trump of “abandoning the center” and launched a poll asking his followers whether he should form a new party to represent “the 80 percent in the middle.” When the poll closed, approximately 80 percent voted yes, providing him with what he framed as a popular mandate.

Trump responded on Truth Social over the weekend, calling Musk a “train wreck” and stating it made him “sad” that Musk was “embarrassing himself publicly.” Rather than retreat, Musk moved forward with launching the party unofficially, pending formal registration.

He has pledged that if the bill passes the Senate, he will not only continue building the America Party but also fund and back primary challenges against Republican lawmakers who voted in favor of it, a direct electoral threat to GOP incumbents.

Competing political figures sought Musk’s backing before America Party announcement

Before committing to his own vehicle, Musk fielded overtures from other political entrepreneurs. Andrew Yang, co-founder of the Forward Party, told Politico Magazine that he had approached Musk about either forming a party together or securing his endorsement and financial support. Despite Musk’s prior endorsement of Yang’s 2020 presidential run, no agreement materialized.

Steven Nekhaila, chair of the Libertarian National Committee, also reached out last week seeking Musk’s involvement, but Musk declined engagement. Instead, he remained focused on the legislative battle that triggered his split from Trump, ultimately deciding that building his own platform aligned better with his stated goal of representing centrist voters he felt both major parties had abandoned.

Musk faces major obstacles to translating party launch into electoral influence

Musk’s personal wealth and massive social media platform do not automatically translate into political viability, according to reporting by the Washington Post, which noted that he failed to move the needle in the 2025 Wisconsin Supreme Court election despite significant effort.

Ballot access in all 50 states requires navigating complex state-by-state legal requirements and will consume substantial resources and time. Musk’s reputation has also taken hits in some circles, particularly following his tenure at the Department of Government Efficiency, which has raised questions about his credibility as a political operator beyond his core constituencies.

Public approval metrics for Musk have declined from their 2024 peaks, adding uncertainty to whether the America Party can build momentum beyond his existing supporters.

Musk has not disclosed who will serve as the America Party’s leader or how its internal governance structure will function. His South African birth makes him constitutionally ineligible to serve as U.S. president, leaving open the question of whether he intends to be a kingmaker backing another candidate or purely a funder and strategist.

The CCS read. We see Musk’s Bitcoin declaration as a signal that crypto policy has become a legitimate lever for mobilizing third-party voters and disciplining incumbent lawmakers. Institutional holders should track whether primary threats against pro-regulation Republicans force the GOP to shift its crypto stance, and whether the America Party’s growth puts pressure on Democrats to adopt more explicit crypto-friendly positions to compete for libertarian-leaning donors and voters.

Watch for the Senate vote on the One Big Beautiful Bill Act, which will trigger Musk’s promised primary challenge campaign. The outcome will signal whether his political capital is sufficient to move Republican lawmakers on a high-stakes financial regulation vote, and whether a nascent third party backed by one of the world’s wealthiest individuals can overcome ballot-access barriers to become a serious electoral factor in 2026 and 2028.

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Bitcoin hits record weekly close as stocks and gold fall on tariff delay
Bitcoin

Bitcoin hits record weekly close as stocks and gold fall on tariff delay

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BitcoinCrypto Coin Show News Team·July 7, 2025·4 min read

Bitcoin posted its highest weekly close ever as institutional ETF inflows accelerated, while stock and precious metals markets buckled under tariff uncertainty tied to a Trump administration delay in implementation. This divergence underscores the crypto market’s independence from traditional risk-asset behavior during periods of fiscal policy shock.

  • Bitcoin closed above $109,000 on Sunday, marking its highest weekly finish in history.
  • Nearly 50,000 BTC flowed into US spot ETFs over the past month, signaling sustained institutional demand.
  • Tesla, the S&P 500 and gold all declined Monday as tariffs were delayed to August 1 instead of July 9.
  • $109,000 Bitcoin’s closing price Sunday, highest weekly close on record
  • 50,000 BTC Net inflow to US spot Bitcoin ETFs over the past month
  • $315.35 Tesla opening price Monday, down 0.095% on tariff uncertainty

Bitcoin surged to its highest weekly close ever as equities and metals retreated, splitting risk markets along an unusual fault line. The divergence stemmed from a tariff announcement by President Donald Trump and Commerce Secretary Howard Lutnick on Sunday evening, which pushed the implementation date to August 1 instead of the market’s expected July 9 start. Tesla fell to $315.35 on Monday, the S&P 500 futures dropped 0.39%, and gold retreated from near-record highs, while Bitcoin closed the week above $109,000 and institutional flows into spot ETFs continued to build, according to cryptocurrency data provider CoinGecko.

Bitcoin posts record weekly high as institutional buyers accelerate accumulation

Bitcoin managed to stay above $108,500 through Sunday’s session before closing at over $109,000, marking the highest weekly finish in the asset’s history. The move reflected sustained demand from institutional investors, with nearly 50,000 BTC flowing into US spot ETFs over the preceding month, a pace that underscores conviction among large buyers even as equities stumbled.

Market analysts attributed the accumulation to what some are calling “whale games,” where large institutional buyers quietly accumulate positions while retail investors remain on the sidelines.

According to flow-to-price models developed by crypto strategists, Bitcoin’s next major target sits at $117,000, with these models having tracked closely to price action during previous cycles of aggressive ETF inflows.

The divergence between Bitcoin strength and stock weakness was sharp: while the Dow Jones fell 146 points (0.32%) and Nasdaq 100 futures dropped 0.42%, Bitcoin’s institutional bid remained intact.

Trump delays tariffs to August 1, upending equity and precious metals markets

President Trump, accompanied by Commerce Secretary Howard Lutnick, announced Sunday evening that new tariffs would take effect August 1 rather than July 9, a two-week delay that caught markets flat-footed. Lutnick told reporters: “Tariffs go into effect Aug. 1.

But the president is setting the rates, and the deals, right now.” Treasury Secretary Scott Bessent confirmed the new timeline on CNN, adding that if no trade agreement materializes with the European Union, duties could reset to April 2 levels, potentially reaching 50% on EU goods.

If there’s no deal, tariffs go back to April 2 levels on August 1.

Scott Bessent, US Treasury Secretary

The announcement invalidated weeks of investor planning around tariffs beginning in early July and crushed a rally that had built on optimism that Trump would not follow through on his most extreme threats. An original 90-day pause from April’s “reciprocal” tariffs had been set to expire Tuesday, with an EU agreement deadline hitting Wednesday.

Gold, which had gained nearly 2% the prior week, retreated to around $3,325 per ounce on Monday as short-term traders pulled back from risk positions. Despite this dip, gold remains up over 25% year-to-date and sits just under $170 shy of its April record high, supported by ETF inflows and central bank demand.

Silver surges to 14-year high as currency markets show mixed signals

Silver proved an outlier in the broader selloff, ripping to $37.225 on Monday, the highest price in nearly 14 years. That move stood out sharply against a market dominated by selling pressure in equities and near-term weakness in gold.

Currency markets showed scattered movement. The US Dollar Index dipped slightly to 96.90, while China’s Renminbi fell 0.07% to 7.1656, and the Japanese Yen slipped to 0.0069. The euro, pound, and ruble all traded just below neutral as traders waited for clarity on whether the August 1 tariff delay would yield deal-making or represent a hardening of Trump’s negotiating posture.

The CCS read. Bitcoin’s institutional accumulation, 50,000 BTC into US spot ETFs in one month, suggests large holders are treating tariff noise as an equity and dollar issue, not a crypto one. If tariffs do hit August 1 without a deal, we should watch whether that confidence holds or whether Bitcoin follows traditional risk-off behavior for the first time since the tariff timeline shifted.

The critical test arrives Wednesday, when the EU trade negotiation deadline hits. If no deal is reached, tariffs up to 50% on European goods are expected to take effect August 1, a move that could reignite equity selloff pressure and challenge the premise that large Bitcoin buyers are hedging against tariff-driven currency and inflation concerns. Watch whether institutional ETF flows into Bitcoin accelerate or pause if equities break decisively lower in the week ahead.

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Spot Bitcoin ETFs attract $50B as implied volatility sinks to 20-month low
Bitcoin

Spot Bitcoin ETFs attract $50B as implied volatility sinks to 20-month low

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BitcoinCrypto Coin Show News Team·July 6, 2025·3 min read

Bitcoin’s implied volatility has fallen to a 20-month low even as US spot ETFs approach $50 billion in cumulative inflows, signaling institutional capital flowing into the market while retail on-chain activity stalls. This divergence, falling transaction volume paired with record ETF holdings, suggests a structural shift in how investors access and hold bitcoin.

  • US spot Bitcoin ETFs hold $137.6 billion worth of BTC and drew over $1 billion in net inflows across two days last week, nearing $50 billion cumulative total since launch
  • Bitcoin’s implied volatility hit its lowest level since October 2023, despite BTC trading at roughly three times the price from that period
  • Monthly on-chain transactions fell 15% in June versus May, forcing miners to include abnormally low-fee transactions in blocks
  • $137.6B Record ETF holdings of Bitcoin, up from $50B cumulative inflows to date
  • 20 months Duration since implied volatility last fell this low, in October 2023
  • 65,000 BTC Amount publicly traded companies purchased in June, worth roughly $7 billion

Bitcoin entered the second half of 2025 with muted on-chain activity and tightening price swings, even as institutional investors accelerated their accumulation. According to reporting from Cryptopolitan, the US spot Bitcoin ETF complex has drawn a surge of capital in recent days, with cumulative net inflows approaching $50 billion as of mid-June 2025. The funds now hold approximately $137.6 billion worth of BTC, a record high, compared with roughly $90 billion at the start of the year. This flow of institutional capital has coincided with the flattest price volatility the market has seen since October 2023, when bitcoin traded near $27,000.

ETF inflows hit record pace as miners dig into mempool

The two-day surge that pushed total inflows past $49 billion underscores Wall Street’s sustained appetite for spot exposure to bitcoin. Public companies echoed this institutional interest, purchasing around 65,000 BTC in June alone, valued at roughly $7 billion, according to BitcoinTreasuries. This activity contrasts sharply with the network itself: monthly transactions on the Bitcoin blockchain fell 15% in June compared to May, marking the lowest count since October 2023.

The transaction slowdown has become pronounced enough that miners have been forced to include abnormally low-fee transactions in blocks, suggesting retail users have stepped back from active on-chain movement.

A Glassnode analysis cited in the reporting suggests that network dominance is shifting toward institutional investors and whales, as high-value transactions grow more common relative to smaller transfers. Bitcoin futures volume has also declined, reinforcing the picture of a summer lull in retail engagement.

The separation between institutional capital inflows and retail on-chain activity signals a structural realignment: wealthy investors and firms are consolidating holdings through spot ETFs and direct purchases, while smaller users have retreated.

Kiyosaki dismisses crash warnings as bitcoin holds near $109,500

Against this backdrop of diverging institutional and retail flows, prominent investor Robert Kiyosaki has pushed back against bearish calls for a bitcoin correction. With BTC struggling to break through $109,500 resistance, some traders have positioned for a pullback toward $90,000. Kiyosaki wrote on X that crash warnings are “click bait” and “fear tactics aimed at shaking out weak hands,” reaffirming his long-term bullish conviction on the asset.

CLICK BAIT Losers keeps warning of a Bitcoin crash. They want to frighten off the speculators. I hope Bitcoin crashes. I will only buy more. Take care

Robert Kiyosaki, Rich Dad Poor Dad author

Kiyosaki maintains his 2030 target of $1 million per bitcoin, treating any dip as a buying opportunity rather than a capitulation signal.

The author’s comments arrive as macroeconomic conditions provide a tailwind for assets like bitcoin. A falling US Dollar Index typically supports upside pressure on dollar-denominated commodities and currencies, though near-term technical resistance at $109,500 has held.

Kiyosaki has stated separately that he favors silver in the immediate term, forecasting a potential 3x move to $105 by year-end, though he views bitcoin weakness as a long-term accumulation opportunity.

The CCS read. We see the ETF infrastructure absorbing what would once have been retail-driven volatility; institutions are building positions at lower velocity than markets might expect given the capital deployed. The combination of record ETF assets, flagging on-chain volume, and a 20-month volatility trough suggests that spot funds have become the default settlement layer for new bitcoin entrants, leaving the network itself quieter and older on average.

Watch whether the $109,500 resistance level holds or breaks in early July. If bitcoin closes decisively above that level, the next technical target sits near $120,000 and would open a path toward new all-time highs; a sustained break below $100,000, conversely, would test whether institutional ETF demand is sufficient to absorb selling pressure without retail participation spiking first.

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Spanish Coffee Chain Vanadi approves €1B Bitcoin bet
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Spanish Coffee Chain Vanadi approves €1B Bitcoin bet

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The board of directors of Vanadi Coffee, a publicly traded coffee chain headquartered in Alicante, Spain, has just signed off on a plan to see the company invest up to €1 billion — roughly $1.17 billion — in Bitcoin. 

The move, approved by shareholders on June 29, signals a significant departure of the company from previous financial policies, pushing it to the vanguard of corporate adoption of Bitcoin in Spain.

A new solution for Bitcoin adherents, the firm has so far purchased 54 BTC, worth around €5.8 million at current prices, and is also eyeing wider expansions. In a recent filing with BME Growth — Spain’s growth division for small- and medium-sized enterprises — Vanadi hinted that they wished to become the largest business holder of Bitcoin in Spain.

Vanadi’s stock price went parabolic following the company’s Bitcoin play, increasing more than threefold in June. The increase marks an apparent increase in investor appetite for companies leveraging digital assets as a treasury strategy.

Vanadi had said in its translated announcement:

“Similar to companies such as Strategy or Metaplanet, Vanadi Coffee redefines its business model and will use Bitcoin as its main reserve asset and accumulate large amounts of Bitcoin as part of its treasury.”

The company is looking to replicate the high-wager Bitcoin treasury models of Strategy, which holds over 200,000 BTC, and Metaplanet. The Japanese firm has recently tweaked its balance sheet policy to the pro-Bitcoin side.

Vanadi struggles to recover with a Bitcoin bet

Vanadi’s had been struggling financially and operationally; its 2024 financial statement lists that it was operating at a loss of €3.3m, an increase of 15.8% from the previous period.

Competition and operating costs have eaten away at profitability bit by bit as the cost of coffee has risen ever higher, dragging the firm further into financial strain.

Meanwhile, Vanadi was looking for more money to build long-term. It received two large investment offers in May. One was from a tiny local software consultancy, a one-man outfit in Alicante, and he offered 50 million euros. The other was Alpha Blue Ocean, an international firm that announced it would back 15 companies in 15 countries with over €1.5 billion in investment.

Critics raise concerns over Vanadi’s ambitious Bitcoin move

Vanadi’s daring foray into Bitcoin is not risk-free. The company has a handful of stores serving espresso and pastries, and it is now dipping a toe in the complex world of crypto treasury management.

But analysts and sceptics have raised red flags. They also note that Vanadi’s small size, slim operating margins and inexperience in crypto could be left open to volatility and then to scrutiny by regulators.

Unlike Strategy, whose tech-focused leadership team has many years of experience navigating capital markets, Vanadi’s management has a steep learning curve ahead.

And the regulatory climate for digital assets in Spain is also conservative. It’s not part of an activist group, but it is dynamic, and screwing any of this up in compliance or implementation would be expensive.

Vanadi is not alone, though. Companies worldwide are adding Bitcoin to their treasury, which is becoming a trend. US-based crypto firm Bakkt recently revealed its intentions to purchase as much as $1 billion of Bitcoin. Tesla and Coinbase are among the companies that have pursued comparable treasury strategies.

What sets Vanadi apart, however, is the scale of its ambition relative to its core business. A €1 billion Bitcoin bet on a café chain with six locations and persistent losses is an aggressive bet by any measure.

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Brian Armstrong declares weekly Bitcoin buys as Coinbase hits All-Time High
Bitcoin

Brian Armstrong declares weekly Bitcoin buys as Coinbase hits All-Time High

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Brian Armstrong, CEO of Coinbase, has publicly declared that they buy Bitcoin weekly, reaffirming his bullish stance on the world’s largest cryptocurrency.

The announcement on X (formerly Twitter) came as Coinbase shares hit an all-time high of $375.07, surpassing its previous record from November 2021.

The comment suggests Armstrong and his company’s strong belief in Bitcoin as a long-term store of value. On multiple occasions, Armstrong has suggested that Bitcoin’s price could someday go into millions of dollars.

Armstrong also suggested it won’t be long before nations start putting Bitcoin on their balance sheets, a shift that could redefine global demand and establish the asset as a player in world politics. Some dismissed it as overly speculative, but others pointed out that countries like El Salvador and the Central African Republic have already moved in that direction.

Whether symbolic or strategic, Armstrong’s consistent Bitcoin purchases reflect a growing trend among crypto leaders and institutional investors who see BTC as a hedge against inflation, currency volatility, and systemic risk.

Market confidence drives Coinbase to a new peak

Coinbase Global Inc. shares closed at the highest level ever, capping off a rally fueled by the growing acceptance of the cryptocurrency industry on Wall Street and Washington.

The crypto-exchange operator’s stock rose 5.5% on Thursday to $375.07. The previous high was $357.39 in November 2021, just months after the company went public through a direct listing.

Coinbase shares have surged more than 1,000% from a record low in late 2022, which came as the collapse of FTX raised questions about the future of digital assets. The stock’s comeback occurred as cryptocurrency prices rebounded and the industry won powerful new allies, including US President Donald Trump. Just last month, Coinbase was added to the prestigious S&P 500 Index.

This extraordinary revival comes after a dark period in the crypto industry. FTX and other heavyweights crashed in 2022, leading to the absurdly high skepticism rate about digital assets. Few of the largest exchanges were left unscathed, and Coinbase was one of the few that didn’t get whacked, leaving it as a safe player in a chaotic industry.

Now, renewed optimism is back. Institutional capital is moving in, retail traders are coming back, and financial giants like BlackRock and Fidelity are plowing ahead with crypto products. Coinbase recently joined the S&P 500 Index, a sign of increasing legitimacy in traditional finance.

Analysts say the wider recovery in Bitcoin and Ethereum prices and greater regulatory clarity are helping lift investors’ confidence in Coinbase. The exchange’s various revenue streams, including trading fees, custody services, and institutional partnerships, have also contributed to its stock performance.

US lawmakers boost crypto sentiment with policy shift

The return of Coinbase also coincides with growing regulatory clarity and political support of digital assets in the United States. Washington is warming to crypto after years of hostility and uncertainty.

Legislation on the horizon on stablecoins and clearer signals from the Securities and Exchange Commission (SEC) are also helping the sector lay down the law. Bipartisan backing in Congress has added fresh momentum to bills that could provide transparency and oversight, particularly in critical functions including custody, staking, and decentralized finance.

President Donald Trump has publicly supported crypto innovation, unlike previous administrations. Under his rule, there has been a huge policy expansion in the domain of crypto, such as creating a crypto reserve for the country.

Coinbase, a longtime advocate for reasonable regulation, has been one of the most vocal in communicating with legislative staff and regulatory agencies. And it is paying off.

Investors, analysts, and crypto enthusiasts these days see Coinbase as not just an exchange but also a bridge between the digital economy and the traditional financial system.

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NYSE Arca to list Truth Social Bitcoin and Ethereum ETFs
Bitcoin

NYSE Arca to list Truth Social Bitcoin and Ethereum ETFs

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The New York Stock Exchange’s digital arm, NYSE Arca, has filed with regulators seeking to list a new Trump Media & Technology Group (TMTG) cryptocurrency exchange-traded fund (ETF). 

The filing, dated Tuesday and filed with the US Securities and Exchange Commission (SEC), is for listing the Truth Social Bitcoin and Ethereum ETF, a fund that would invest 75% of its assets in Bitcoin and 25% in Ethereum.

The ETF filing from Trump Media comes just eight days after the firm behind the SPAC filed its prospectus with the official CT attorney general, Yorkville America, representing a significant ramp of the company’s crypto strategy.

Trump Media, which is majority-owned by President Donald Trump, has recently shifted into high gear in promoting financial products tied to blockchain technologies that can afford the public a taste of crypto via regulated investment vehicles.

If approved, the filing would be the second related to a Truth Social-branded ETF in less than a month. The first, Truth Social Bitcoin ETF, submitted its filing in early June, and it was Bitcoin only. 

Both filings emphasize TMTG’s goal to establish itself as more than a social media and media streaming brand, betting instead that it can be taken seriously in the crypto finance space.

Crypto.com to manage and secure ETF operations

TMTG and Yorkville America have partnered with Crypto.com, a top-tier exchange, to manage the ETF’s deep-tech infrastructure. Crypto.com will provide digital asset custody, act as the execution agent for crypto transactions, and ensure liquidity for smooth fund operations.

In the filing with the SEC, NYSE Arca explained that the proposed listing would attempt to comply with the relevant regulations. “The Exchange believes that the proposed rule change is designed to prevent fraudulent and manipulative acts and practices in that the shares will be listed and traded on the exchange under the initial and continued listing criteria in NYSE,” the filing read.

This proposal falls under the SEC’s 19b-4 rule change process, which exchanges use when they propose to offer new financial products. The filing is a key regulatory milestone, but does not guarantee approval. The SEC decides whether to allow or reject a listing, typically following public comment and internal review.

Trump influence shifts SEC crypto stance

The SEC’s position on digital currency seems to be changeable under the incumbent administration of President Donald Trump. The agency, which was once seen as cautious and sometimes skeptical of digital assets, has started to take that more positive view.

That tone change comes after several senior SEC positions have been filled, with several appointees seen as sympathetic to the development of crypto markets and increased investor access more generally.

Even President Trump has transformed his outlook dramatically. He criticized cryptocurrencies in his first term but has become one of their most outspoken political supporters. Indeed, during recent campaign speeches and public appearances, Trump referred to digital assets as instruments of “financial freedom” and has since integrated blockchain solutions into public policy projects.

The increasing political support also gives momentum to Trump Media & Technology Group’s (TMTG) accelerating push into the crypto space. In collaboration with Yorkville America and Crypto.com, it announced the launch of a new suite of blockchain-based financial products under the ”America First.”

Some offerings it is considering include the America First Bitcoin Fund, America First Blockchain Leaders Fund, and the America First Stablecoin Income Fund.

But so far, just two products, the Truth Social Bitcoin ETF and the Truth Social Bitcoin and Ethereum ETF, have been formally filed with the SEC. The rest are conceptual and have not yet made any regulatory submissions.

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Texas has created the first state-funded Bitcoin reserve
Bitcoin

Texas has created the first state-funded Bitcoin reserve

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Texas has become the first US state to establish a publicly funded, stand-alone Bitcoin reserve after Governor Greg Abbott signed Senate Bill 21 into law over the weekend.

Unlike Arizona and New Hampshire, which approved similar legislation, Texas allowed the reserve and provided funding for it. The state has allocated $10 million to invest in the Bitcoin reserve.

With this approach, Texas has made a significant step toward the future of finance. 

Trump’s pro-crypto stance attracts more US states to adopt Bitcoin reserves

The Bill 21 requires the state to set up a Bitcoin reserve that operates separately from the main treasury. This aligns with a few other states also looking into digital asset reserves. 

The announcement that Texas has allocated $10 million for a Bitcoin reserve comes months after the Trump administration said it would establish a national crypto reserve.

However, such a vehicle is supposed to be funded strictly by budget-neutral means, such as crypto asset seizures or issuing crypto bonds.

Abbott also signed bill HB 4488, a companion measure that shields the Bitcoin reserve from standard “fund sweeps” into the state’s general revenue.

The legislation changes how states handle digital assets, not just as speculative devices, but as sovereign financial instruments that one might want to hold onto for the long term.

Texas sets up Bitcoin reserve to fight inflation and flex financial muscle

Texas Governor Greg Abbott signed Senate Bill 21 (SB21), which finally allowed the establishment of the Texas Strategic Bitcoin Reserve.

According to the bill’s text, the new reserve will help make the state more financially resilient while acting as a potential hedge against inflation.

In addition, only cryptocurrencies with a market cap of over $500 billion can be included, a threshold only Bitcoin currently has.

The Texas Comptroller of Public Accounts will manage the fund and be guided by an advisory committee with three crypto investment experts.

Aside from direct purchases, the reserve could be filled through forks, airdrops, investment profits, or public crypto donations. A public report listing the fund’s holdings and performance will be issued every two years.

With this, Texas becomes the third state in the US to pass Bitcoin reserve legislation.

Public firms demonstrate a growing trend of purchasing more BTC for their treasuries

Several publicly traded companies follow Michael Saylor’s strategy by adopting Bitcoin as a treasury asset.

For instance, on Friday, June 20, US President Donald Trump’s cryptocurrency adviser, David Bailey‘s Bitcoin holding company Nakamoto Holdings, raised $51.5 million in new funds through a private placement in public equity (PIPE) deal to purchase more BTC. 

Moreover, last week, The Blockchain Group, a technology company listed in Paris, increased its Bitcoin reserves by buying 182 BTC for around $19.6 million. This purchase raised its total holdings to 1,653 BTC. 

Just over the past month, companies have added Bitcoin to their treasuries, a trend that has been documented with the help of data from BitcoinTreasuries. Furthermore, NET shows public companies still have an appetite for BTC.

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Bitcoin dives, rebounds, then tanks again as ETF flows collapse
Bitcoin

Bitcoin dives, rebounds, then tanks again as ETF flows collapse

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Markets went straight into meltdown mode Sunday night after the United States bombed Iran in a direct military strike and Iran retaliated by shutting down Strait of Hormuz, the most important oil route on the planet.

That has triggered violent selloffs across every major market, from stocks to Bitcoin, from oil to the dollar and the euro. The world’s financial system is now reacting like it just got sucker punched. Its unlike anything we have ever seen.

Oil was first to go wild. In the first trading session after the futures market opened, US crude rose $1.76, or 2.38%, to $75.60 per barrel. Brent crude climbed $1.80, or 2.34%, landing at $78.81. Brent even briefly touched $81, which was a 5.7% spike, before it slipped back.

By press time, the price gains were gone. Oil was down 0.5%, which made no sense to anyone watching. Traders are now locked on Tehran, waiting to see what it does next. Hossein Amir-Abdollahian, Iran’s foreign minister, said Sunday that Iran reserves “all options” to defend its sovereignty. S&P Global Platts noted the price surge could reverse entirely if Iran chooses not to respond.

Bitcoin dives, rebounds, then tanks again as ETF flows collapse

The crypto market didn’t waste a second. Bitcoin had dropped to $98,000 on Sunday. That was its lowest point in over a month. Less than an hour later, it swung back above $102,000, before slipping again. At the time of writing, it sat at $100,879. The market was a disaster. More than $1 billion in crypto positions were liquidated in just 24 hours, and over 95% were long bets.

Stocks, oil, gold, Bitcoin, dollar, and euro keep crashing and rebounding in historic show of volatility
Source: TradingView

Things got uglier when inflows into spot Bitcoin ETFs dried up. Between Monday and Wednesday, $1.04 billion had gone in, based on CoinGlass data. But by Thursday, that number was flat. On Friday, just $6.4 million came in. That was the same day President Donald Trump left the G7 early and announced a two-week review of US options on Iran.

The assumption that Bitcoin would act like a safe haven collapsed. It started trading like a risky tech stock instead. Kaiko, a crypto data provider, said Bitcoin’s correlation with the Nasdaq had surged quite fast in recent weeks.

Stock indexes bleed across Asia, Europe, and US futures

Futures tied to US stocks also started dropping. The Dow Jones Industrial Average fell 109 points, or 0.3%. S&P 500 futures lost 0.3%, while Nasdaq 100 futures were down 0.4%.

Asian markets opened deep in the red too. In Japan, the Nikkei 225 dropped 0.56%, and the Topix fell 0.49%. The worst-hit companies were all in tech: Screen Holdings crashed 4.78%, Lasertec Corp sank 4.31%, and Disco Corp went down 3.38%. Big names like Advantest and Softbank didn’t escape either, falling 1.66% and 0.76%.

It was the same story in South Korea. The Kospi index lost 1.05%. The Kosdaq, which includes smaller-cap companies, got hit even harder, down 1.78%. The country’s top automakers took the brunt. Hyundai Motor shares dropped 4.05%, and Kia Corp fell 4.15%.

Australia’s S&P/ASX 200 also took a dive, down 0.76%. In Hong Kong, futures for the Hang Seng Index pointed to more losses. They stood at 23,396, well below the index’s last close of 23,530.48, suggesting more downside ahead.

Japanese carmakers had no luck either. As of press time, Nissan Motor dropped 2.22%, and Mazda Motor was down 2.17%. Mitsubishi Motors lost 1.87%, Honda Motor slid 1.55%, and Toyota dropped 1.36%.

Over in Europe, markets weren’t much better. The IBEX 35 rose 0.77%, closing at 13,850.3, and Germany’s DAX jumped 1.27% to 23,350.55. But the FTSE in London dropped 0.2% to 8,774.65, and France’s CAC 40 was completely flat at 7,589.66. The STOXX600, a broader European index, barely moved, up just 0.13% to 536.53. And the euro was trading at $1.15 against the dollar after going as high as $1.8 just an hour ago.

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BBVA reveals efforts to make its “wealth clients” embrace cryptocurrencies
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BBVA reveals efforts to make its “wealth clients” embrace cryptocurrencies

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Philippe Meyer, Head of Digital & Blockchain Solutions at BBVA Switzerland, disclosed at the DigiAssets conference in London that the bank’s private banking division advises wealthy clients to allocate 3% to 7% of their portfolios to Bitcoin, depending on their risk tolerance. 

The Spanish lender’s act of offering its wealthy clients the opportunity to invest up to 7% of their portfolio in cryptocurrencies is the latest evidence that some mainstream banks are starting to open up to a sector that was once dismissed due to its risks.

However, regulators continue to caution about the dangers of cryptocurrencies, warning that investors should be prepared to lose all their money possibly. Earlier this year, the European Securities and Markets Authority (ESMA) reported that 95% of banks in the EU do not participate in crypto activities. 

BBVA’s reveals efforts to make its “wealth clients” embrace cryptocurrencies 

In a statement, Meyer mentioned that they began advising their private clients on Bitcoin in September of last year. Due to the riskier profile accompanying cryptocurrencies, he revealed that BBVA will allow the clients to invest as high as 7% of their portfolios in crypto. 

What has driven this sudden shift is that cryptocurrency prices have soared recently, and Bitcoin hit its highest record in May.

That comes after a rebound from the lows recorded in 2022 as a clutch of major exchanges, including FTX, went under and left millions of investors out of pocket. They were aided in the recovery by support from US President Donald Trump’s pro-crypto stance.

While private banks often facilitate crypto purchases at clients’ request, they still rarely go so far as to recommend investing in digital assets actively.

Meyer mentioned at an event that BBVA was one of the first major global banks to recommend that wealthy clients invest in cryptocurrencies. He noted that the bank has fulfilled client requests to purchase them since 2021. 

BBVA advises clients to invest between 3-7% in Bitcoin and Ether, but Meyer indicated they plan to include more cryptocurrencies later this year. 

Meyer stated that clients have generally responded well to this advice and dismissed fears about the assets being too risky. 

“If you look at a balanced portfolio, adding 3% can really improve performance,” Meyer explained. Based on his argument, investing 3% does not involve taking a significant risk.

ESMA raises concerns about the dangers associated with crypto

Earlier, the European Union’s securities watchdog warned that issues in the cryptocurrency industry could threaten the stability of financial markets in the future as the sector expands and its links to more traditional financial markets deepen.

This call for caution from the ESMA follows US economic policies that irritate global markets as US authorities struggle to remove barriers between the crypto and traditional banking sectors.

In a speech to the European Parliament that was shared on the watchdog’s website, Natasha Cazenave, the executive director of ESMA, revealed that EU financial markets face significant pressure due to wider political and geopolitical events. 

Additionally, stock markets have been crashing since US President Donald Trump announced a blizzard of new tariffs. This also caused a significant drop in crypto prices. However,  asset prices in various markets regained some of those losses. 

Following these concerns, Crypto-asset markets are still quite small. To address this, Cazenave mentioned that in today’s market conditions, even problems in these small markets can lead to wider issues in their financial system. She also noted that the risks to financial stability from crypto are not significant at this time. 

Still, ESMA raises alarms about the dangers of crypto and states that this sector requires ongoing careful observation. 

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