KLEA Crypto Daily: Friday, July 11, 2025

Published: July 12, 2025 – 17:40 UTC

Here’s a look back at the key stories from July 11, 2025.

BlackRock’s IBIT Shatters ETF Records, Hits $80 Billion AUM in 374 Days

BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest exchange-traded fund (ETF) to reach $80 billion in assets under management (AUM), achieving this milestone in just 374 days. This success has also contributed to pushing total spot bitcoin ETF assets past $140 billion.

Senate Dems Sweat Tokenisation, DeFi in Market Structure Hearing

Senate Democrats expressed concerns over the tokenisation of stocks and bonds during a market structure hearing, fearing potential risks to the US financial system. The discussion focused on regulatory legislation regarding crypto in the US, emphasizing the need to avoid unintended consequences that could impact the capital markets.

NFT-Related Tokens Soar in Q2, with PENGU Leading Despite Decline in Trading Volumes

In the second quarter, NFT-related tokens saw significant gains, with an average increase of 55.4% despite a drop in dollar-denominated NFT trading volume. Pudgy Penguins’ PENGU token notably led the sector's growth, showcasing a substantial rise in value over a short period, outpacing other sectors like artificial intelligence and Bitcoin.

CoreWeave Fusion Dance and $1 Billion Day for Bitcoin ETFs

Core Scientific and CoreWeave announce a massive $9B merger while Bitcoin ETFs see their second-biggest day ever with $1.17B in inflows.

Ethereum-based Memecoin Lending Protocol Surpasses $55M in Deposits

The International Meme Fund, a lending protocol for memecoins on the Ethereum mainnet, has crossed $55 million in deposits, marking an 180% increase in the past week. The protocol allows users to borrow against various memecoins, challenging traditional lending platforms by accepting memecoins as collateral.

Crypto Milestones Expected in 2025 After New BTC High

Industry experts predict more significant developments in bitcoin, mergers and acquisitions, and tokenization by the end of 2025 following new highs in Bitcoin's price.

Ousted Movement Labs Co-Founder Sues Startup in Delaware Court

Rushi Manche, terminated amid a token deal controversy, seeks a declaratory judgment against Movement Labs.

Grayscale Challenges SEC's Decision to Stay ETF Conversion

Grayscale Asset Management questions the SEC's stay on converting the Digital Large Cap Fund into an ETF, arguing it violates the 240-day approval process.

Dogecoin (DOGE) Surges Alongside Bitcoin Rally

Dogecoin experiences significant gains as Bitcoin hits a new all-time high, reigniting interest in high-beta assets amid institutional buying and growing confidence in the crypto sector.

BRICS Summit Highlights Divisions Clouding the Bloc’s Future

The BRICS future faces uncertainty after the 17th Annual Summit in Rio de Janeiro revealed deep divisions over major currency policy initiatives and economic strategy frameworks. Disagreements arose regarding the proposed BRICS currency, de-dollarization initiatives, and coordination challenges, potentially threatening the bloc's economic strategy moving forward.

Congressional Research Service issues report on the CLARITY Act

The Congressional Research Service published insights on the Digital Asset Market Clarity Act of 2025, which aims to establish a regulatory framework for digital commodities. The Act would assign regulatory roles to the CFTC and SEC, defining digital commodities and related intermediaries.

World’s 11th Richest: Satoshi Nakamoto Overtakes Michael Dell With $129B Bitcoin Fortune

Bitcoin's creator, Satoshi Nakamoto, now ranks as the 11th wealthiest person globally, surpassing Michael Dell, with an estimated 1.096 million BTC valued at $128.92 billion. This significant wealth accumulation places Nakamoto among the world's richest individuals.

Bitcoin Breaks Fresh $118K All-Time High as Crypto Rally Accelerates

Bitcoin has surged to a new all-time high, surpassing $118,000, as the broader crypto market rally gains momentum. This milestone reflects renewed confidence in digital assets, with Ethereum also hitting $3,000 for the first time since February.

Peter Brandt Predicts Major Bullish Move for XRP: “Up Up Up”

Peter Brandt, a renowned chartist, has sparked excitement in the crypto community by forecasting a significant upward trend for XRP. Brandt's analysis points to a breakout from a technical pattern that has been forming since 2018, indicating a bullish trajectory for the cryptocurrency.

Nasdaq Expands Crypto ETP Listing Criteria, Eases Path for New Digital Assets

Nasdaq has updated its listing requirements for Exchange Traded Products (ETPs) with crypto assets as underlying assets, broadening the scope of eligible digital currencies. This move aims to meet the increasing market demand for regulated crypto-based investment products and modernize access to such offerings.

Upexi Raises $200 Million to Expand Solana Treasury

Upexi, a Nasdaq-listed company, has secured $200 million in a private placement financing to increase its Solana treasury to 1.65 million SOL. The convertible bonds were subscribed in locked and spot SOL, led by Big Brain Holdings, significantly boosting Upexi's SOL reserves.

BlackRock Sees Record Inflows, Surpassing 2 Million ETH Holdings

BlackRock's Ethereum Trust (ETHA) experienced its largest single-day net inflow ever, with 106,827 ETH ($320M) added to its holdings. This surge pushed BlackRock's total ETH holdings over 2 million ETH ($6B), marking a significant milestone for the asset management giant.

Ethereum Futures Volume Surpasses Bitcoin for the First Time

Ethereum's daily futures trading volume exceeded Bitcoin's for the first time on July 10, reaching $62.1 billion. This milestone, coupled with Ethereum's price testing the $3,000 level, signals a potential shift in trader sentiment and capital allocation towards Ethereum in the derivatives market.

Falcon Finance Launches Miles Program to Reward DeFi Users of the Synthetic Dollar Economy

Falcon Finance introduces the Pilot Season of Falcon Miles, a rewards program for DeFi users supporting the growth of USDf. This initiative incentivizes liquidity provision, yield tokenization, and lending market participation, aligning incentives with protocol activity.

Blocksquare Surpasses $200 Million in Tokenized Real Estate as Global RWA Market Booms

Blocksquare achieves a milestone by tokenizing over $200 million in real estate assets on-chain, showcasing its pivotal role in merging traditional real estate with decentralized finance. The total value locked in tokenized RWAs has surged by 800% in 2025, surpassing $65 billion.

Exclusive: Coinbase acquires Opyn’s leadership team

Coinbase makes a strategic move by acquiring Opyn's CEO and Head of Research, strengthening its leadership team with key talent from Opyn. This acquisition signifies Coinbase's focus on talent acquisition and potential strategic advancements in the crypto space.

GMX Exploiter Returns Stolen $42 Million in Crypto

The exploiter who stole $42 million from GMX returned almost all the stolen funds after receiving a bounty offer from the exchange's team. The exploiter used bugs in GMX's codebase to steal funds but eventually returned $40.5 million worth of assets, including stablecoins and Ether, expressing gratitude towards GMX.

Malicious Pull Request Inserted Into Ethereum Code Extension: Research

Cybersecurity firm ReversingLabs discovered two lines of malicious code in an update for ETHCode, an open-source suite of tools.

VeChain Price Rises 20% Amid Volume and Open Interest Surge

VeChain's price has surged 20.5% in the 14-day charts, with a 44.57% increase in volume and a 6.73% rise in open interest, signaling growing investor interest possibly due to the bullish market.

Short Traders Lose Over $1.14B in Liquidation as BTC, ETH Prices Soar

Bitcoin and Ethereum's sharp price increases led to over $1.11 billion in combined liquidations for short traders, affecting more than 276,000 traders, as the market witnessed a significant surge in prices.

Solana-Based Bonk Dominates Charts With 73% Rally: What Next?

The cryptocurrency market is witnessing a bullish turnaround with Bitcoin reaching a new peak and the global crypto market cap rising. Solana-based memecoin, Bonk (BONK), has surged significantly in various time frames. Despite the impressive rally, the memecoin is still down year-over-year.

Jack Ma-Backed Ant Group to Integrate Circle’s USDC Stablecoin, Report Says

Ant Group, a Chinese fintech giant backed by Jack Ma, is reportedly collaborating with Circle Internet Group to integrate USDC stablecoin into its blockchain platform. This strategic move comes amid China's push for stablecoins.

Crypto Startups Raise $141 Million Amid Bitcoin Treasuries Surge

Seven crypto projects raised over $141 million this week, pushing total funding for the year to nearly $11 billion. Two firms are expanding their Bitcoin treasuries, following Michael Saylor's strategy. The industry is on track to exceed the predicted $18 billion for 2025.

Shiba Inu Surges Amid Bitcoin's Record High

Shiba Inu (SHIB) is up following Bitcoin's climb to $116,818, with a potential to reach $0.00002. Despite recent gains, SHIB remains down by 17.3% since July 2024. The market rally has boosted SHIB's performance, hinting at a possible price level reclaim.

Ark Invest Sells Millions in Coinbase and Robinhood Shares Amid Crypto Market Rally

Ark Invest has sold $6.5 million in Coinbase shares and $5.8 million in Robinhood shares amidst the ongoing crypto market rally, indicating a strategic shift in their investment portfolio.

Florida AG Investigates Robinhood Over Crypto Pricing Claims

Florida's Attorney General is investigating Robinhood over allegations that its payment-for-order-flow model may mislead users by concealing true crypto costs behind marketing claims, potentially impacting the platform's credibility.

Bitcoin Rally Wipes Out Over $1 Billion in Short Bets

Bitcoin's recent rally to a new all-time high above $118,000 resulted in the liquidation of more than $1.09 billion in short contracts within a 24-hour period, showcasing the volatility and risk associated with short positions in the crypto market.

Arbitrum as the Execution Layer for Real-World Decentralized Systems

Arbitrum is emerging as a crucial execution layer for real-world decentralized systems, including DeFi, DePIN, and DePAI. As these systems transition from theoretical innovation to practical deployment, the need for a scalable and secure execution layer becomes paramount, positioning Arbitrum as a key player in this new era of decentralized applications.

Source: KLEA News