KLEA Crypto Daily: Wednesday, July 09, 2025

Published: July 10, 2025 – 17:40 UTC

Here’s a look back at the key stories from July 09, 2025.

Bitcoin and Ethereum Reach New Highs

Bitcoin hit an intraday high of 111,999.79 USDT, while Ethereum reached 2,795.74 USDT, marking new local peaks. Bitcoin is currently trading at 111,344.99 USDT, up 2.08% in the past 24 hours.

New Zealand Bans Crypto ATMs to Combat Money Laundering

New Zealand has announced a ban on crypto ATMs to enhance anti-money laundering measures, targeting criminals and not legitimate businesses. The move is part of efforts to counter financing of terrorism as well.

Thumzup Considers Dogecoin and XRP Buys as Trump Jr. Invests

Thumzup, a Bitcoin treasury firm, is contemplating investing in cryptocurrencies beyond Bitcoin, including Dogecoin, Solana, and XRP. This consideration comes as Donald Trump Jr. invests in the social media-turned BTC treasury firm.

Bitcoin Sets New Record, Briefly Topping $112,000 as Policy Outlook Shifts

Bitcoin shattered its previous all-time high, reaching $112,040 per coin with a market capitalization of $2.221 trillion. This surge was attributed to a shift in policy outlook and $28.18 billion in trading volume on Bitstamp.

Japanese Firm Pays CEO Entire Salary in Bitcoin to Align with Crypto Strategy

Remixpoint, a Tokyo-based company, made history by paying its CEO's entire salary in Bitcoin, showcasing a commitment to digital assets and aligning executives' interests with shareholders. This move emphasizes the company's shareholder-oriented management philosophy and its belief in sharing risks and profits of Bitcoin price fluctuations with investors.

XRP Lawsuit: SEC vs Ripple Settlement Process Update

The SEC vs. Ripple case continues with uncertainties surrounding its resolution. Bill Morgan, a legal expert, shared a timeline breakdown of the case, adding to the ongoing speculations.

GMX Suffers $42M Exploit in GLP Pool

GMX faced a significant $42 million exploit targeting its GLP pool, with the attacker still holding the funds despite a 10% white-hat offer. The situation highlights vulnerabilities in decentralized exchanges.

PM Modi's Vision for BRICS in 2026

During the 17th BRICS Summit, PM Modi unveiled plans to redefine the economic bloc's global role when India takes over the BRICS chair in 2026. Modi aims to reshape the group's influence and leadership in emerging markets, introducing new directions and strategies to enhance BRICS' significance on the global stage.

0G Labs Sponsors ETHGlobal Cannes Hackathon

0G Labs supported the ETHGlobal Cannes hackathon by sponsoring a $275K prize pool, fostering web3 developer talent. The event gathered over 800 attendees and showcased innovative uses of the 0G ecosystem, emphasizing its unique capabilities in decentralized AI compute and EVM-compatible chain.

PUM Exchange's Transition to a Unified Crypto Ecosystem

PUM Exchange is evolving from a spot trading platform to a comprehensive financial infrastructure, offering institutional-grade solutions and accessible yield products. The platform's integrated ecosystem supports the entire digital asset lifecycle, spanning from trading to earning, aiming to redefine user interactions with digital assets.

Bitcoin Teetering At $109,000: Where’s It Headed Next?

Bitcoin is currently trading around $109,000, with analysts awaiting a breakout above $112,000–$116,000 to confirm a strong uptrend. The cryptocurrency has broken a minor downtrend resistance, indicating a potential bullish momentum if key levels are surpassed.

US CLARITY bill could allow Tesla and Meta to evade SEC rules — Senator Warren

The US House of Representatives is set to consider the US CLARITY bill, which could enable companies like Tesla and Meta to bypass certain SEC regulations in the crypto market structure. This legislation is part of a series of bills aiming to address regulatory frameworks for cryptocurrencies.

Emirates to Accept Bitcoin and Cryptocurrencies for Flight Bookings

Emirates announces plans to accept Bitcoin and other cryptocurrencies for flight bookings, expanding payment options for customers.

Ripple Partners with BNY Mellon for RLUSD Stability

Ripple appoints BNY Mellon as the primary custodian for its stablecoin RLUSD, aiming to enhance institutional digital asset adoption and bridge traditional finance with cryptocurrency.

GMX Suffers $42 Million Hack, Offers 10% Bounty to Hacker

GMX faces a $42 million exploit with a hacker transferring funds from its platform, prompting the exchange to offer a 10% white hat bounty and suspend certain transactions to prevent further attacks.

Remixpoint Raises $215M to Expand Bitcoin Treasury Holdings

Tokyo-listed firm Remixpoint has secured 31.5 billion Japanese yen ($215 million) to grow its Bitcoin treasury, with plans to accumulate 3,000 BTC.

Pump.fun Reveals Tokenomics for PUMP Token

Pump.fun has unveiled the tokenomics for its PUMP token, featuring a maximum supply of 1 trillion tokens with allocations for ICO, community, team, ecosystem fund, foundation, existing investors, and more.

Warren Unveils Crypto Standards, Criticizes GOP

Senator Elizabeth Warren revealed crypto standards while criticizing the GOP for providing what she called a 'handout' to the industry. This move could have significant implications for the regulation and oversight of the crypto sector.

ASEAN Nations Moving Away From US Dollar

ASEAN countries, led by Malaysia's Prime Minister Anwar Ibrahim, are actively working to reduce their reliance on the US dollar in trade. This strategic shift challenges Western dominance and could impact global financial dynamics.

NEXBRIDGE and NEXPLACE Raise $8M Series A Funding

NEXBRIDGE and NEXPLACE secured an $8 million Series A funding round to launch an integrated Bitcoin capital markets ecosystem. This investment will accelerate the development of regulated asset-backed digital assets and a next-generation trading platform, catering to both retail and institutional clients.

US Dollar Index Declines Further, Could Bitcoin Be Gearing Up for a Breakout?

The United States dollar index (DXY) has been on a significant decline, reaching historically weak levels due to the U.S. debt hitting an all-time high. This weakening trend in the DXY has historically correlated with positive growth in risk assets like bitcoin (BTC), potentially signaling a strong breakout for the cryptocurrency.

Kraken and Backed Expand xStocks to BNB Chain

Kraken and tokenization infrastructure provider Backed have announced the expansion of xStocks from Solana to Binance's BNB Chain. This move signifies a strategic expansion in tokenized shares offerings, intensifying the competition in the evolving landscape of tokenized assets.

Story and World Partner to Verify IP Ownership Onchain

Story and World have partnered to verify intellectual property (IP) ownership onchain, particularly in response to the proliferation of AI-generated content. This collaboration aims to enhance IP protection and authenticity in the digital realm, addressing the challenges posed by AI-generated content.

A Bitcoin OG Moves 14,000 BTC After 6 Years of Dormancy

An early Bitcoin adopter has moved 14,000 BTC, worth $1.52 billion, after six years of dormancy, as reported by Lookonchain. This substantial movement of Bitcoin holdings highlights the activity of long-term holders and can impact market dynamics and sentiment.

BRICS Summit Omits De-Dollarization & New Currency Agenda

The recent BRICS summit held in Rio de Janeiro failed to address the de-dollarization and new currency launch agendas, signaling a shift in priorities for the economic bloc. The absence of these key topics from the summit's discussions suggests a potential reevaluation of global economic strategies and alliances within the BRICS nations.

Asia Colour

Another tariff shockwave has landed, targeting copper and pharmaceuticals with rates of 50% and 200%, respectively, effective August 1st. Comex copper contracts surged 17% in a record one-day move, while pharmaceutical stocks slipped despite a grace period announced by President Trump.

AAVE Pumping with $1T Borrow Target

Aave's price nears $300 with a 14% gain in 7 days as cumulative borrows approach $1 trillion. Dominating DeFi with 22% of total TVL, Aave's technical indicators show strength, attracting increased trading volume and sustained interest from investors.

Tether Aims to Become Largest Bitcoin Miner

Tether aims to become the world's largest Bitcoin miner by the end of 2025, focusing on network security and decentralization. With significant Bitcoin reserves, Tether's strategic choice to mine aims to protect its treasury amidst rising on-chain fees and decreasing block rewards.

HTX 2025 Mid-Year Security Report: Upgrading a Multi-Layered Defense for a Safer Crypto Ecosystem

HTX, a leading global cryptocurrency exchange, has responded to the significant security challenges faced by the crypto industry in the first half of 2025 by enhancing risk management protocols, operational security, and intelligence capabilities. This move aims to fortify protection across accounts, trading, and assets, following a record-setting $1.4 billion hack earlier in the year.

WSPN Website Expands to Full Platform, Showcasing Enterprise-Ready Stablecoin Infrastructure

Worldwide Stablecoin Payment Network (WSPN) has expanded its website to a comprehensive platform, highlighting its full product suite beyond basic stablecoin offerings. The evolution positions WSPN as an enterprise-grade payment infrastructure provider, featuring solutions like WUSD, Global Treasury Platform, Adaptive Payments Network, and On-Chain Financial Suite.

New Zealand bans crypto ATMs in crackdown on criminal cash conversions

New Zealand has taken a significant step to combat money laundering and financial crime by banning crypto ATMs and imposing a $5,000 cap on overseas cash transfers. This move aligns with efforts to enhance regulatory measures and prevent illicit activities within the financial system.

Ethereum Becoming the Financial Backbone with Stablecoin Demand

Research indicates that stablecoins are rapidly spreading the dollar, benefitting Ethereum as the primary settlement layer. With stablecoins exceeding $260 billion in market capitalization, global demand for US dollars is surging, providing access to billions worldwide, especially in emerging markets.

Polygon Heimdall v2 Upgrade to Cut Finality to 5 Seconds

Polygon's Heimdall v2 upgrade, scheduled for July 10, aims to reduce finality to 5 seconds and address technical debt. This significant upgrade on the Polygon PoS network is expected to enhance efficiency and performance for users and developers.

US Charges 2 Men Over $650M OmegaPro Crypto Scam

US prosecutors have filed charges against two individuals involved in the $650 million OmegaPro crypto scam, which promised investors unrealistically high returns. This enforcement action highlights ongoing efforts to combat fraudulent schemes in the crypto space and protect investors from such illicit activities.

Chorus One Research on Solana's Alpenglow Consensus Mechanism

Chorus One research indicates that Solana's new consensus mechanism, Alpenglow, will boost Byzantine fault tolerance to 40%, requiring lower network latency but potentially reducing MEV benefits from arbitrage and sandwich attacks.

Together AI Achieves SOC 2 Type 2 Compliance

Together AI attains SOC 2 Type 2 certification, enhancing security for AI solutions and demonstrating a strong commitment to security, privacy, and compliance standards for AI deployments across industries.

BBVA Launches Crypto Trading for Retail Users in Spain

Banking giant BBVA launches cryptocurrency trading for retail users in Spain, enabling millions to seamlessly buy, sell, and hold bitcoin and ether directly within its mobile banking ecosystem, marking a significant move towards mainstream crypto access.

Source: KLEA News