KLEA Crypto Daily: Thursday, July 17, 2025

Published: July 18, 2025 – 17:40 UTC

Here’s a look back at the key stories from July 17, 2025.

Crypto Scores Huge Win: House Passes 3 Landmark Crypto Bills

Crypto just hit warp speed in Washington as three landmark bills cleared the House, laying powerful groundwork for U.S. dominance in digital assets, stablecoins, and blockchain innovation. The House of Representatives voted July 17 to pass three major cryptocurrency bills, signaling a decisive move towards regulation and innovation in the crypto space.

Solana ETF Stakes Claim with $222 Million in Volume Since Making Debut

Solana ETF has made a significant impact with $222 million in volume since its debut, showcasing growing interest and confidence in the cryptocurrency. This milestone highlights the potential for Solana to become a key player in the digital asset market.

BitMine and SharpLink Amass $1B Stash in Ethereum Holdings

Ethereum-focused firms BitMine and SharpLink Gaming have each accumulated over $1 billion in ETH holdings, with BitMine holding 300,657 ETH valued at approximately $1.04 billion and SharpLink expanding its position to an estimated $1.10 billion.

Bit Origin Lines Up $500M for Dogecoin Treasury Strategy

Bit Origin has secured up to $500 million to build a Dogecoin treasury, with accredited investors committing $400 million in Class A shares and $100 million in convertible notes, aiming to increase Doge-per-share over time.

US House Passes CLARITY Act for Crypto Regulation

In a significant move, the US House of Representatives has passed the CLARITY Act, a comprehensive legislative framework aimed at bringing clarity to the crypto industry by defining oversight responsibilities between federal agencies and providing a compliance roadmap. This bipartisan legislation aims to establish legal certainty for digital assets and decentralized protocols.

Australia Introduces Bitcoin-backed Mortgages Amid Housing Crisis

Australia's Block Earner has launched Bitcoin-backed mortgages, offering a new path to property ownership amidst a housing crisis. This move follows regulatory approval for crypto-backed lending, providing an innovative solution to enter the property market.

Bitcoin Still Mid-Cycle in Adoption Curve, Says Fidelity Analyst

Data from Fidelity Investments indicates that Bitcoin is currently in the middle of its adoption curve, with institutional interest and inflows signaling maturity in the asset.

Ethereum Breaks $3,300, Sparking Optimism for New All-Time High

Ethereum has surged past the $3,000 price mark for the first time in 4 months, reigniting optimism among market participants and potentially setting the stage for a new all-time high.

Alteri Launches $30M Tokenized Bitcoin Mining Infrastructure Fund on Chintai Nexus’ Compliant Blockchain

Alteri has launched a $30 million tokenized Bitcoin mining infrastructure fund through Chintai Nexus’ compliant blockchain, offering accredited investors direct access to infrastructure-backed yield. This innovative fund allows investors to participate in Bitcoin mining economics without the operational complexities.

XRP Price Surges Beyond $3.3, Leaves Over $40 Million in Liquidations

Ripple’s XRP price has surged beyond $3.3, nearing its January 2018 all-time high, resulting in over $40 million in liquidations. The recent rally, driven by a 50% increase since last week, has positioned XRP for potential new records after breaking out of a consolidation phase.

Bitcoin Surges to New Heights, Eyes $130K Amid Bullish Momentum

Bitcoin reaches an all-time high of $122.6k, with potential to hit $130k. On-chain metrics suggest bullish momentum, though caution is advised as demand-side stress emerges.

Canary Files for Staked Injective ETF as Interest in Altcoin Funds Grows

Canary has filed with the SEC to debut a staked Injective ETF, allowing investors to earn yield on its fund's underlying tokens, reflecting the growing interest in altcoin funds.

Tether Hits $160B Market Cap, Tron Hosts 50% of USDT Supply

Tether's USDT has surpassed a market cap of $160 billion, solidifying its position as the leading stablecoin, with a significant portion hosted on the Tron network.

Japan Launches Point-to-Crypto Program Allowing Users to Earn XRP, BTC, and ETH

Aplus and SBI VC Trade have introduced Japan's first point-to-crypto program, enabling users to earn XRP, BTC, and ETH through everyday spending.

Russia's Sberbank Plans to Offer Custody Services for Domestic Crypto Assets

Russia's largest lender, Sberbank, has proposed offering custody services for domestic crypto assets and has submitted regulatory proposals to the central bank for crypto asset regulation in the country.

RGB Protocol to Bring Tokenized Assets, USDT to Bitcoin

RGB Protocol is set to utilize Tether’s USDT for stablecoin transfers on Bitcoin, marking a significant step in bringing tokenized assets to the Bitcoin network.

ETH Surges 7% To Crack $3,400: When Will The $4,000 Mark Fall?

Ethereum has experienced a 24% rally in the past week, driven by ETF inflows, regulatory clarity, and institutional interest, with traders anticipating a potential breakout towards the $4,000 mark.

Ripple Co-Founder Transfers $26 Million Worth of XRP to Coinbase

Ripple co-founder Chris Larsen's crypto wallet sent approximately $26 million worth of XRP to Coinbase this week, raising questions about whether the funds were sold. This transfer adds to the total of around 106 million XRP moved from the wallet since the start of the year.

Stellar Development Foundation Appoints Jason Karsh as Chief Marketing Officer

Jason Karsh has been appointed as the Chief Marketing Officer at Stellar (XLM) Development Foundation, leveraging his extensive marketing experience from previous roles at Google, Coinbase, and Blockchain.com. This move aims to enhance marketing strategies for the Stellar network.

XRP Nears All-Time High Amid 26% Rally

XRP is gaining momentum with a 26% jump in the last week, nearing its 2018 all-time high of $3.40. Traders are optimistic about further gains, with a $15 million XRP long position opened recently.

$1.5 Billion In One Day: Bitcoin And Ethereum ETFs Running Wild

Bitcoin and Ethereum ETFs saw a massive daily net inflow of $799.4 million on July 16, pushing cumulative inflows past $53.8 billion. This surge in institutional interest comes amidst rising prices and a push for regulatory clarity in the crypto industry.

Source: KLEA News