KLEA Crypto Daily: Tuesday, July 08, 2025

Published: July 9, 2025 – 17:40 UTC

Here’s a look back at the key stories from July 08, 2025.

Bitcoin and Ether ETFs See Strong Inflows

Bitcoin ETFs received $217 million in net inflows, while Ether ETFs saw $62.11 million in inflows, signaling a positive start to the week for both cryptocurrencies. The momentum continues from the July rally, with Blackrock and Fidelity driving the inflows.

Trump Announces Trade Updates for Multiple Countries

President Trump revealed plans to release trade updates for at least 7 countries in the morning, followed by additional countries in the afternoon. The announcement hints at potential market impacts and changes in trade dynamics.

Hackers Target Bitcoin Wallet Holding Billions from Mt. Gox

A Bitcoin wallet containing $8.7 billion in BTC stolen from the Mt. Gox exchange is being targeted by scammers in a phishing attempt. The incident raises concerns about the security of large cryptocurrency holdings and the ongoing threats faced by digital asset owners.

Bitcoin Reclaims $109,000, Ethereum, XRP, Dogecoin Follow Higher

Cryptocurrency markets are trading higher as markets await further trade deals announced by the Trump administration. Notable statistics show Bitcoin's large transaction volume increasing by 95.4% and daily active addresses growing by 14.3%. Transactions greater than $100,000 are up significantly, and exchanges netflows have also increased.

Volkswagen ADMT chooses Solana-based Hivemapper to power Robotaxi test fleet

Volkswagen ADMT, the automaker’s autonomous-driving subsidiary, partners with Hivemapper to source real-time street-level data for its robotaxi test fleet. Hivemapper's Solana-based mapping network provides dynamic mapping data essential for robotaxi fleets, with users up 631% in the last 30 days.

BlackRock’s iShares Bitcoin ETF Achieves Unprecedented 700K BTC Holdings Milestone

BlackRock's iShares Bitcoin ETF surpasses 700,000 BTC in assets under management within a year and a half of its debut in January 2024. The ETF's rapid growth reflects increasing investor interest in gaining exposure to Bitcoin, with its assets under management now worth around $75.5 billion.

Pump.fun Token Launch Uncertain After Gate.io Abruptly Removes Pre-Market Listing

The launch of Pump.fun’s native token faces uncertainty as Gate.io removes its pre-market listing, leaving traders without clarity on the timeline. The exchange removed Pump.fun’s pre-market OTC trading pairs and returned funds to presale participants, without providing a new listing date.

Why Ethereum is a stronger corporate treasury play than Bitcoin, according to analyst

Analysts suggest that Ethereum's utility and yield-earning potential make it a stronger corporate treasury play compared to Bitcoin, which primarily stores value. Companies like Strategy and Metaplanet have raised funds to buy and hold Bitcoin, while Ethereum's productivity and potential for yield present a different investment thesis in public equity markets.

Bitcoin, Robinhood, Coinbase Surged 30% To 100% In Q2: What’s Next?

Bitcoin surged 31.4% in the second quarter, reaching new all-time highs and dominating the market with a 65% dominance. Publicly traded crypto firms like Robinhood and Coinbase also saw significant rallies, reflecting renewed risk-on sentiment and the growing relevance of crypto equities in the market.

Amazon Prime Day Expected to Boost Amazon (AMZN) Stock

Amazon's Prime Day event is anticipated to bring in a record $12.9 billion in the U.S., up 53% from last year, driving e-commerce sales growth and potentially propelling Amazon stock higher. With extended duration and increased deals, the event is expected to attract a large number of shoppers seeking value.

Bitcoin ETFs Drive Over 30% of Spot BTC Volume

Spot Bitcoin ETFs now represent more than 30% of the total BTC spot trading volume, indicating a shift towards traditional financial products for Bitcoin exposure among institutional and retail investors. This dominance coincides with a decline in overall trading volumes across spot and futures markets.

XRP Holders Need Minimum Amounts to Rank Among Top Percentiles

XRP holders aiming to be in the top 10% of all token holders must possess a minimum of 2,486 XRP, according to research. The top 5% requires 8,758 XRP, while the top 1% needs 50,637 XRP or more, with only 663 wallets holding over 5 million XRP, placing them in the top 0.01%.

FTX Bitcoin Recovery Might Be One In A Million

FTX clients are finally getting their money back after over two and a half years, with smaller investors receiving up to 120% back. This rare recovery contrasts with cases like the Poly Network and Bybit hacks, where funds were not fully recovered.

Ego Death Capital raises $100M to finance Bitcoin-focused startups

Ego Death Capital has secured $100 million to invest in Bitcoin-focused startups, including exchanges, savings platforms, and payment solutions. This funding signals a growing interest in supporting businesses within the Bitcoin ecosystem.

Which countries secretly own the most Bitcoin — beyond the US and China

In 2025, governments worldwide hold over 463,000 BTC, with countries like Bhutan, Iran, and the UK quietly accumulating strategic reserves. This trend highlights a broader adoption of Bitcoin by nations beyond the prominent holders like the US and China.

Ethereum 'Mega Whales' Stacking Hard

Ethereum 'mega whales' are accumulating Ethereum at a rate reminiscent of a significant rally in 2002, indicating a potential price breakout towards $3,400. This accumulation pattern suggests bullish sentiment and echoes past rally patterns.

Truth Social Files for 'Crypto Blue Chip ETF'

Truth Social, associated with former President Donald Trump, has filed for a Crypto Blue Chip ETF tracking major assets like Bitcoin, Ethereum, Solana, XRP, and Cronos. The ETF aims to provide exposure to leading digital assets and is awaiting regulatory approval to list on NYSE Arca.

US Government Deposits $218,000 Worth of ETH to Coinbase

The U.S. government has deposited $218,000 worth of Ethereum (ETH) to Coinbase, signaling a notable institutional involvement in the cryptocurrency space. This move highlights growing acceptance and adoption of digital assets by governmental entities.

Ripple Shareholder Linqto Files for Chapter 11 Bankruptcy

Ripple shareholder Linqto has filed for bankruptcy following controversy around securities laws violations, with the first hearing expected soon.

El Salvador Adds 8 More BTC to Reach 6,229 BTC Stash

El Salvador added 8 more BTC last week, increasing its stash to 6,229 BTC.

Pakistan Launches Crypto Regulatory Body for Digital Asset Sector

Pakistan has established the Pakistan Virtual Assets Regulatory Authority (PVARA) to oversee and regulate the country’s crypto sector.

Private Companies Line Up to Join Robinhood’s Tokenized Equity Platform: CEO

Robinhood’s EU tokenized equity launch draws a wave of private company interest and regulatory scrutiny.

Bitcoin ETF Inflows Near 50K BTC in 30 Days

Bitcoin ETF inflows near 50K BTC in 30 days, indicating growing interest and investment in the cryptocurrency.

Metaplanet Plans to Leverage Growing Bitcoin Treasury for Acquisitions

Metaplanet plans to leverage its growing bitcoin treasury to acquire a digital bank and cash-generating firms, as reported by Financial Times.

BlackRock’s Spot Bitcoin ETF Surpasses 700,000 BTC in Assets Under Management

BlackRock’s spot Bitcoin ETF IBIT has surpassed 700,000 BTC in assets under management, reflecting significant institutional investment in Bitcoin.

BlackRock’s Bitcoin ETF Just Overtook Michael Saylor’s MSTR — Now Holds Nearly 700,000 BTC

BlackRock Inc.'s iShares Bitcoin Trust has surpassed MicroStrategy's Bitcoin holdings, accumulating nearly 700,000 BTC worth approximately $75.8 billion, capturing 3.32% of Bitcoin's total supply in just 18 months of trading.

Coinbase exec Conor Grogan says most Pumpfun and LetsBonk tokens are from bots

Coinbase executive Conor Grogan revealed that most Pumpfun and LetsBonk tokens are generated by bots, with new tokens being created almost every 3 minutes, raising concerns about the authenticity of these tokens.

Bitcoin’s Next Target Is In, Altcoins Might Not Wait Long: Analyst

Bitcoin is anticipated to continue its recovery with new price momentum, driven by institutional adoption, leading to predictions of an imminent altcoin surge as well. Analysts suggest that Bitcoin is eyeing a new price target, potentially surpassing $130,000 and even reaching $140,000.

The Hong Kong Stablecoin Ordinance to Take Effect on August 1

The Hong Kong Stablecoin Ordinance will officially take effect on August 1, with the Hong Kong Monetary Authority opening the license application process. Despite expectations of issuing only a single-digit number of licenses, over 40 companies are preparing to apply.

Polymarket Faces Backlash Over Disputed $200M Zelensky 'Suit' Market

Polymarket, a crypto-based betting platform, is embroiled in controversies over its resolution system, particularly regarding a $200 million bet on whether Ukrainian President Zelensky would wear a suit. The dispute has raised questions about market manipulation and the definition of a "suit," sparking contentious debates.

Japan-listed Firm Remixpoint to Pay CEO in Bitcoin

Remixpoint, a Japan-listed firm, has announced plans to pay its CEO in bitcoin to align with shareholders. This move marks the first instance of a publicly listed company in Japan adopting the practice of compensating a CEO entirely in cryptocurrency.

Bitcoin Stalls, But Riot Platforms Outperforms With 14% Spike Over 30 Days

Despite Bitcoin's price remaining stable, Riot Platforms Inc. has seen a 14% increase in its stock value over the past month, capturing investor attention with its strong performance.

How Vietnam is using crypto to fix its FATF reputation

Vietnam is utilizing crypto regulation to meet FATF standards, combat digital asset fraud, and improve its international financial reputation.

Bitcoin miner BitFuFu mines 445 BTC for its biggest production month

Bitcoin miner BitFuFu had a successful month in June, mining 445 BTC, although other miners experienced varying results during the same period.

Murano Global Ignites Strategic Bitcoin Stack Backed by Real Estate Capital

Murano Global is reshaping its capital strategy by integrating bitcoin acquisitions with real estate assets to enhance long-term shareholder value.

Bit Digital Acquires $192.9M in ETH After Public Offering

Bit Digital has acquired $192.9 million in ETH after raising approximately $172 million from a public offering, selling their BTC holdings to hold a total of $254.8 million in ETH.

XDC Token Breaks Out With 5% Spike While Bitcoin, Dogecoin Retreat

The XDC token surged over 5% in the last 24 hours, reaching its highest value since June 12 and defying the market downturn, with a trading volume spike of nearly 24% to $30 million.

Source: KLEA News