Weekly Crypto Update: July 14 - 20

Market Movements
- Bitcoin is down 2.41% over the last 7 days, currently at $119,374
- Ethereum is sitting at $3,794 with a 25.14% increase from the previous week
- Last week’s top 3 gainers were CFX (109%), XTZ (63.9%), and ENA (42.9%), while the top 3 losers were PUMP (36.1%), XMR (5.1%), and PI (3.8%)
- The crypto market’s Fear & Greed Index is at 67 Greed today (CMC)
- Crypto market capitalization is at $3.96 trillion, up 2.09% since yesterday
- Bitcoin's market cap dominance is currently at 60%, Ethereum at 11.6%, and other cryptocurrencies at 28.4%
- Stablecoins' market capitalization has risen by 0.99% in the last 7 days, currently at $261 billion, with USDT dominance at 62.05% (DefiLlama)
- NFT sales volume increased by 13.49% over the previous 7 days, while total transactions increased by 14.98% (CryptoSlam)

Regulatory Developments
- Trump signs GENIUS Act, legalizing stablecoins and setting clear US rules
- Kraken launches US-regulated futures platform as Congress advances key crypto bills
- Australia identifies crypto as major threat amid regulatory overhaul
- Bank of America CEO remains cautious on stablecoins amid regulatory uncertainty
- SEC delays decision on Bitwise Bitcoin and Ethereum ETF redemptions
A7 crypto platform sanctioned for Russian election interference
- Hungary's new criminal code imposes jail time for unauthorized crypto exchange use

Investments & Partnerships
- Charles Schwab to launch stablecoin as US moves toward regulation
- Adam Back to lead $3.5 billion bitcoin treasury firm backed by Cantor Fitzgerald
- WLFI token from Trump-linked World Liberty Financial set to become tradable soon
- Citigroup plans to enter the stablecoin market for cross-border payments
- Peter Thiel’s Founders Fund bets on Ethereum with BitMine stake purchase
- Standard Chartered enters Bitcoin and Ethereum trading amid rising demand for regulated crypto services
- Bitcoin and Ethereum ETF firm Grayscale plans to go public
- Revolut Pay integration with MoonPay simplifies crypto purchases for European users
- Block Inc. to join S&P 500 as crypto integration into traditional finance expands

Crypto Security
- Ex-UK investigator gets 5 years for stealing bitcoin in dark web probe
- Ex-rugby player sentenced to prison for fake crypto investment scam
- Former https://t.co/LxxKKga952 developer jailed in London for bail violation
- Asia-Pacific faces rising crypto crime and violent attacks, reports Chainalysis
- Roger Ver, aka 'Bitcoin Jesus,' sues Spain to block US extradition
- DEA, FBI seize $10 million in crypto from Sinaloa cartel in Miami
- Crypto scam at center of New Zealand matricide trial
- LA law enforcement officers charged in civil rights conspiracy tied to jailed crypto entrepreneur
- Nigeria’s EFCC chair alleges crypto-related corruption among politicians
- Indian crypto exchange CoinDCX hit by $44M hack

Blockchain Tech & Gaming
- Bitcoin Core devs patch 5-year-old bug affecting full node operators
- Coinbase, Ripple, and MoonPay join California tech task force
- SharpLink Gaming and BitMine Immersion Technologies build Ethereum stockpiles to boost stock
- SharpLink Gaming increases Ethereum treasury to $846 million

More Industry Updates
- Bitcoin dominance declines as $XRP and Ethereum lead major altcoin gains
- Analyst says Ethereum hitting $7,000 is a realistic possibility
- Labour Party calls for ban on crypto donations to UK politicians
- Crypto market cap hits $4T for the first time
- BlackRock aims to add staking to its popular Ethereum ETF
- Ripple founder Chris Larsen sells millions of $XRP to the exchange
- Bitcoin miner BitMine now holds more than $1 billion worth of Ethereum
- Bitcoin creator Satoshi Nakamoto’s $BTC stash reaches $130 billion
- Coinbase launches 'everything app' to combine AI tools, socials, and crypto wallet
- $XRP price hits six-month high as perpetual futures open interest reaches record levels
- Over $152M in Ethereum shorts liquidated amid price surge and rising trade activity
- Outdated IRS guidance results in double taxation of bitcoin miners
- Institutional interest in Bitcoin and Ethereum grows despite retail trader slowdown
- New $XRP and Solana ETFs bring double the potential rewards and risks
- Global bond market stress may further increase Bitcoin's appeal
- Head of crypto law firm announces bid for New York City mayor
- El Salvador’s Bitcoin holdings surge amid crypto market rally

Have a successful new week ahead!
- Swapin Team