KLEA Crypto Daily: Tuesday, July 29, 2025

Published: July 30, 2025 – 00:03 UTC

Here’s a look back at the key stories from July 29, 2025.

Strategy Buys Nearly $2.5B Worth of Bitcoin

Strategy closed a $2.521 billion IPO and used the proceeds to increase its Bitcoin reserve to 62.3% of the total held by publicly listed companies, acquiring 21,021 BTC at an average price of $117,256 each.

Ripple’s RLUSD Joins Leading Global Payment Systems

Ripple's RLUSD is gaining traction in global payments alongside USDC and USDT, redefining efficiency and speed in volatile markets and underserved financial corridors.

Coinbase Derivatives Launches Nano USD-Denominated Futures for SOL and XRP

Coinbase Derivatives announced the upcoming launch of nano USD-denominated perpetual-style futures for SOL and XRP on August 18, expanding its offerings for U.S. investors.

SEC Approves In-Kind Redemptions for Crypto ETFs

The U.S. Securities and Exchange Commission has approved a significant change allowing in-kind creations and redemptions for cryptocurrency exchange-traded products, enhancing efficiency and reducing costs for authorized participants.

SEC filing starts countdown on BlackRock’s Ethereum ETF staking proposal

The US Securities and Exchange Commission (SEC) acknowledged a Nasdaq proposal to amend BlackRock’s iShares Ethereum Trust (ETHA) to allow the fund to stake the ETH it holds. This move could potentially generate income for the ETF through staking rewards.

US Senator Pushes Bill to Include Crypto in Mortgage Eligibility

Senator Cynthia Lummis introduced the 21st Century Mortgage Act, aiming to modernize federal mortgage regulations by including digital assets in loan decisions. This bill could open up homeownership opportunities for crypto holders without requiring conversion to cash.

Ethereum Treasuries Could Soon Own 10% Of All ETH: Standard Chartered

Standard Chartered Bank reports that corporate treasuries focused on Ethereum have purchased 1% of all ETH in just two months and could potentially grow to own up to 10% of the total supply. This shift reflects a preference for Ethereum over Bitcoin due to its yield-generating capabilities and regulatory arbitrage advantages.

D2X Nabs $5 Million to Bring Regulated Crypto Derivatives to Europe

Dutch crypto derivatives exchange D2X has raised $5 million in fresh funding to offer a regulated, institutional-grade venue for trading digital asset futures and options in Europe. The startup plans to expand its product suite and attract more institutional players to its platform.

Crypto Markets Weaken as Ethereum ETF Inflows Slow

Despite slowing ETF momentum, ETH derivatives data from Glassnode show capital is rotating from Bitcoin into Ethereum.

SharpLink’s Quest for 1 Million Ethereum Boosted by $3 Million Staking Yield

SharpLink has generated approximately $3 million in rewards from staking its 438,190 Ethereum holdings, moving 44% closer to its goal of acquiring one million ETH.

Payment Stablecoin Regulatory Framework Established as GENIUS Act Signed Into Law

The GENIUS Act was signed into law, setting up a regulatory framework for payment stablecoins and their issuers. This bipartisan bill will take effect within 18 months after enactment.

Linea pledges 85% of tokens to community amid new native ETH staking program

Linea, a Layer-2 network on Ethereum, announced plans to integrate with Ethereum's ecosystem through an ETH-native staking system. This move aims to transform ETH into an active capital layer and enhance on-chain productivity.

JPMorgan: Coinbase Earned $300M from Circle and USDC Ties in Q1

JPMorgan reports that Coinbase earned $300 million from its ties with Circle and USDC in Q1, surpassing Circle's revenue. The bank suggests that Circle-related business could be valued at $55–60 billion for Coinbase shareholders.

U.S. Trade Representative Lowers Expectations Ahead of China Dialogue

Top U.S. and Chinese officials are meeting in Stockholm for crucial trade discussions to resolve economic conflicts between the two countries. Despite efforts, breakthroughs may be challenging due to the complexity of the issues at hand.

Crypto lender Abra pauses withdrawals, sparking customer concerns

Abra, a major crypto lender, has alarmed customers by halting withdrawals, citing risk management efforts and external circumstances. The move underscores the uncertainties associated with platforms like Abra that offer high yields through decentralized finance activities and unsecured lending.

Bitmain to establish first U.S. factory amid tariff pressures and crypto industry shift

Bitmain Technologies, the leading crypto mining hardware producer, is set to launch its inaugural U.S.-based manufacturing facility by late 2025. With plans to commence production in early 2026, Bitmain aims to localize its supply chain, mitigate tariff impacts, and align with evolving U.S. industrial policies.

Trump’s Bitcoin Reserve Legitimizes Cryptocurrency, G20 Nations Rushing to Build BTC Stockpiles

Coinbase CEO Brian Armstrong stated that President Trump's establishment of a Strategic Bitcoin Reserve has legitimized Bitcoin, prompting other G20 countries to consider building their own BTC reserves. This move marks a significant shift from government skepticism towards cryptocurrency just five years ago.

HKMA Issues Documents for Stablecoin Issuer Licensing Regime Starting August 1, 2025

The Hong Kong Monetary Authority (HKMA) has released documents outlining the stablecoin issuer licensing regime set to begin on August 1, 2025. The guidelines include regulatory and AML requirements, licensing summaries, and transitional arrangements, urging applicants to engage with HKMA by August 31 and submit applications by September.

Source: KLEA News