Welcome to this week’s Crypto Bulletin, bringing you key updates from 7th to 13th July. Stay informed about the latest happenings in the world of digital assets.
The European Union has started an investigation into Robinhood for offering tokens linked to AI and SpaceX. Authorities are worried that these products may mislead investors about their real value, as such tokens are not actual shares but only derivatives. This action might affect other platforms offering similar tokenised assets in Europe.
Bitcoin-focused startups have raised over $100 million this week. Investors are supporting projects that aim to improve the Bitcoin ecosystem, including mining facilities, lightning network development, and safer wallet services. This shows strong faith in Bitcoin’s future growth and usefulness.
Hester Peirce, a US SEC Commissioner, has once again shown support for tokenized securities. She said there should be clear rules to allow innovative digital asset products. According to her, tokenization can bring more efficiency and transparency to the financial system if regulations are simplified.
The US Congress is preparing new rules to tighten crypto tax reporting requirements. This aims to improve compliance by crypto traders and exchanges, bringing in significant tax revenue. However, there are concerns within the crypto community about privacy issues and added operational burdens.
Tether has decided to stop USDT support on Kusama, Bitcoin Cash SLP, Omni, EOS, and Algorand networks. The company plans to focus on blockchains that have higher usage and better security, ensuring that USDT remains strong, liquid, and safe for all users.
Bitcoin ETFs have recorded inflows of over $1 billion this week. This shows that big investors are confident about Bitcoin at its current levels. Analysts say these inflows are supporting Bitcoin’s price and increasing demand for regulated BTC investment options worldwide.
The latest Bitcoin rich list for 2025 is out, showing wallet addresses with the highest BTC holdings. The list reveals that both individual whales and institutions continue to accumulate more Bitcoin, which could influence market movements in the coming months.
