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đŸ“œ It’s time for another weekly crypto roundup! @mattzahab and @Rachelwolf00 are back with Episode 53, breaking down the latest crypto headlines. Don’t miss out — tune in now 👇
📌 Price Action
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📌 Bitcoin Price Prediction: BTC Overtakes Amazon’s Market Cap  Bitcoin (BTC) has achieved a historic milestone by reaching a new all-time high of $123,091, officially becoming the world’s fifth-largest asset by market capitalization at $2.4 trillion. The cryptocurrency has now surpassed Amazon’s $2.3 trillion valuation, silver’s $2.2 trillion, and Google’s $2.19 trillion, positioning itself just $730 million shy of tech giant Apple.
📌 Digital Asset Inflows Hit $3.7B in Second-Biggest Week Ever, Pushing Total AuM to $211B: Coinshares Digital asset investment products recorded a staggering US$3.7 billion in inflows last week, marking the second-largest weekly total in history, according to CoinShares analyst James Butterfill. In a blog post the analyst reports the surge in capital drove total assets under management (AuM) across crypto exchange-traded products (ETPs) to an all-time high of US$211 billion. Trading activity also intensified, with ETP volumes reaching US$29 billion—double the year’s weekly average.
📌 SharpLink Adds Another 20,279 ETH, Surpasses Ethereum Foundation SharpLink Gaming has bought another 20,279 Ethereum (ETH) on Thursday, worth $68.38 million, per Lookonchain data. This comes a day after adding 6,377 ETH worth $19.6 million. According to Lookonchain, SharpLink has accumulated 111,609 ETH in the past 8 days, valuing $343.38 million.
📌 Raises $600 Million in Just 12 Minutes raised $600 million in just 12 minutes, marking one of the largest ICOs to date. A block of 180 billion tokens was sold to private investors before the public sale. The platform’s rapid growth highlights a renewed interest in meme coins and ICO fundraising.
📌 Transfers $16M SOL to Buy Back 3B PUMP Tokens  has launched an aggressive buyback program, transferring 101,900 SOL worth approximately $16 million to purchase 3.04 billion PUMP tokens at an average price of $0.006, in a desperate bid to recover from the token’s catastrophic 75% crash following its $500 million presale launch. The buyback initiative follows PUMP’s plummet from pre-market highs of $0.0072 to lows of $0.005 within 24 hours of its July 12 launch, triggering massive shorting by whales and investor panic. The platform has allocated $30.6 million in fee revenue for the buyback program, with 118,351 SOL already spent on token purchases.
📌 U.S. DOJ Closes Polymarket Case – $2.6B Prediction Market Eyes Imminent U.S. Return The U.S. Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) have officially ended their investigations into Polymarket, a popular blockchain-based prediction market platform. The closure of the probes launched in the final months of the Biden administration indicates a broader regulatory shift under President Trump, whose administration has adopted a more crypto-friendly stance.
📌 Global Financial Watchdog Makes Stablecoins Top Priority Ahead of G20 Summit As stablecoins surge, Andrew Bailey sounds the alarm: unchecked digital tokens may shift the power to create and control money from states to private banks—threatening the stability the G20 strives to protect. The Financial Stability Board (FSB) has made the rising influence of stablecoins a top agenda item as it prepares to meet world leaders at the upcoming G20 summit. In a letter addressed to G20 finance ministers and central bank governors, newly appointed FSB Chair and Governor of the Bank of England, Andrew Bailey, emphasized that assessing the growing role of stablecoins in payments and settlements is now a central concern for global financial stability.
📌 Senator Cynthia Lummis ‘Alarmed’ By Alleged U.S. Bitcoin Reserve Holdings Senator Cynthia Lummis (R-WY) is speaking out amid emerging reports that the U.S. may not hold as much in its Bitcoin Reserve as widely believed Earlier this year, White House AI and Crypto Czar David Sacks estimated that the U.S. government held around 200,000 Bitcoin, although no formal audit on the cryptocurrency had been completed. Following the news, crypto-friendly Senator Cynthia Lummis openly expressed her shock over the claims. “I’m alarmed by reports that the U.S. has sold off over 80% of its Bitcoin reserves—leaving just ~29,000 coins,” Lummis wrote. “If true, this is a total strategic blunder and sets the United States back years in the Bitcoin race.”
📌 Crypto Legislation Stalls During High-Stakes Crypto Week Showdown on Capitol Hill Earlier this week, Several key pieces of crypto legislation failed to find a path forward through Congress on Tuesday despite enthusiasm from the Republican-declared “Crypto Week.” The July 14 procedural vote saw 196 U.S. lawmakers in favor of advancing the pieces of digital asset legislation, with 223 against the move. News of the failed procedural vote comes shortly after U.S. President Donald Trump called on Republican lawmakers to pass the digital asset bills in a Tuesday, July 15, Truth Social post.
📌 GENIUS Act, Anti-CBDC Act, and CLARITY Act Pass Procedural Vote in Congress The U.S. House of Representatives voted 215-211 on July 16 to pass a procedural motion, allowing the GENIUS stablecoin bill, the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act to proceed to final votes, marking a dramatic turnaround after President Trump’s Tuesday night Oval Office intervention. The procedural victory came just 24 hours after an unexpected 196-223 defeat during “Crypto Week” that threatened to derail the administration’s comprehensive digital asset legislation agenda.
📌 Is Ripple Price Going to $4 Today After Launch of UXRP ETF? XRP (XRP) has gone up by 11% in the past 24 hours and has broken through the $3 barrier, which favors a bullish XRP price prediction. This rally seems to have been ignited by the approval of the first exchange-traded fund (ETF) linked to this token in the United States. This vehicle provides leveraged exposure to the native asset of the Ripple network. It will seek to produce two times the daily performance of XRP. It will achieve this by investing in derivatives like futures and options.
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