Crypto News Roundup: Major Legal Moves, ETF Growth, and Updates

Here are the top crypto news highlights of the week. The current cryptocurrency market cap is at $3.32T, with a decrease of 0.80% in the last 24 hours.

Big Beautiful Bill Signed

The Big Beautiful Bill is signed, delivering tax reductions, zero taxation of tips, and significant defense and border security spending. While it will pump up investor confidence and cryptocurrency enthusiasm, it does increase the deficit by $3.3 trillion. Rumors meanwhile spread that Elon Musk is launching the "America Party" as public sentiment for his political leadership grows.

IBIT Now BlackRock's Third Most Profitable ETF

BlackRock Bitcoin ETF, IBIT, recently reached $76 billion in assets, becoming the company's third-largest fund and one of its quickest-growing on record. With 696,874 BTC in custody and minimal fees, it's attracting intense institutional demand. IBIT is now only $9 billion behind BlackRock's leading ETF, further validating Bitcoin's increasing presence in mainstream finance.

U.S. House Declares July 14 Start of Crypto Week

In another major crypto news, the U.S. House has issued a proclamation of July 14–20 as "Crypto Week" in order to cast votes on the most important bills related to digital assets, CLARITY Act, GENIUS Act, and the Anti-CBDC bill. These seek regulatory clarity, favor growth for stablecoins, and prevent digital dollar rollout. If enacted, they may increase investor trust and cement America's dominance in digital asset innovation. This was also the trending crypto news of this week.

Dormant Bitcoin Wallet Moves $1.09B After 14 Years

Another big crypto news update was, a dormant Bitcoin wallet from 2011 suddenly moved 10,000 BTC worth $1.09 billion, sparking debate about possible links to Satoshi Nakamoto. The transfer, done in one transaction to a new address, hasn’t hit exchanges yet. While it caused speculation, experts say there’s no reason to panic unless the coins are sold publicly.

Trump’s Vietnam Deal: 20% Tariff Shakes Trade

Donald Trump made a new trade agreement with Vietnam, imposing a 20% duty on Vietnamese imports to the U.S. and 40% on diverted exports. Vietnam, in turn, would impose 0% duties on American imports. The action is aimed at creating more jobs in U.S. manufacturing, curbing Chinese backdoor trading, and pressuring Japan before this month's July 9 meeting.

Ripple Banking Licence Move

Ripple has sought a U.S. national banking charter and Fed account in order to increase its stablecoin RLUSD. If granted, it would potentially grant RLUSD a significant advantage over competitors such as USDT and USDC by providing more security and direct access to the Fed. This was also another trending crypto news of the week.

CoinSwitch Unlocks 1 Lakh+ Web3 Crypto Tokens

CoinSwitch has introduced its Web3 Coin feature, enabling users to trade more than 1 lakh decentralized tokens directly in INR, without wallets and gas charges. It makes it easier to invest in cryptocurrency for Indians by integrating DeFi access with a regulated, easy-to-use platform. Supported by a safety system named TRACE, it makes secure, researched token listings for mainstream adoption possible.

Circle Seeks Approval as U.S. Trust Bank Firm

In another crypto news, Circle has requested a national trust bank license in the US following the success of its $18B IPO. It will operate its reserves of USDC separately, providing digital asset services to institutions if licensed. The step could enhance stablecoin confidence in tune with future U.S. regulations such as the Genius Act, and potentially redefine digital assets place in traditional finance.

Is Satoshi Secretly Pulling 80K BTC Strings After 14 Yrs

In another major crypto news, more than 80,000 previously inactive Bitcoins, totaling $8.69 billion, unexpectedly activated after 14 years, fueling market speculation. The wallets, tracked by Lookonchain, were initially funded in 2011 when BTC was below $4. On July 5, 2025, four wallets transferred 40,000 BTC, which raised concerns of whether it was a sell-off or if it was connected to Satoshi-era holders.

Elon Musk Political Party Buzz

Elon Musk is looking into creating his own political party with a heavy leaning toward pro-digital assets policies. He made this decision after Trump's Big Beautiful Bill, he was against this bill citing that it was a disgusting abomination. Due to his reputation of being in favor of Bitcoin and Dogecoin, Musk might advocate for stricter digital currency regulations, decentralization, and increased usage.