KLEA Crypto Daily: Monday, July 14, 2025

Published: July 15, 2025 – 17:40 UTC

Here’s a look back at the key stories from July 14, 2025.

FOMO, lax rules are fueling the crypto crime supercycle

Retired DEA agent Bill Callahan highlights how bad actors in the crypto space can profit despite making mistakes, pointing to the impact of FOMO and lenient regulations on the rise of crypto-related crimes.

Bank of America Quietly Prepares for Crypto Shockwave With ‘On Chain’ Drilldown

Bank of America is intensifying its focus on crypto with the launch of "On Chain," a research publication delving into stablecoins, tokenized assets, and the evolving infrastructure reshaping digital finance. This move signals Wall Street's deeper involvement in the crypto sector.

SharpLink Loads Up on $180M Worth of ETH in 5 Days

SharpLink Gaming has acquired a substantial amount of ETH, purchasing a total of 60,582 ETH worth approximately $180 million in just five days. This significant investment has positively impacted the firm's stock, reflecting a growing trend of companies accumulating digital assets.

Coinbase Denies Involvement in Binance's USD1 Stablecoin Report

Coinbase refutes claims linking it to a Bloomberg report about Binance's USD1 stablecoin, emphasizing it does not harm competitors. The denial comes after speculation and allegations following the report.

BoE Governor Warns Banks About Stablecoins, Supports Tokenised Deposits

Bank of England Governor Andrew Bailey cautions large banks against creating stablecoins, citing risks to financial stability. Bailey endorses tokenised deposits as a safer alternative amidst concerns about stablecoins weakening the financial system.

Bitcoin investing consortium acquires Seoul-based software firm SGA Co.

A consortium of Bitcoin-native investors, including Sora Ventures and Metaplanet CEO Simon Gerovich, is set to acquire SGA Co., a Seoul-based software provider. The deal involves issuing approximately ₩34.49 billion worth of new common shares, solidifying the investors' role in the company's future.

Vanguard becomes largest shareholder of Strategy with 8% stake

Vanguard has quietly become the largest shareholder of Strategy, holding an 8% stake worth about $9.26 billion. This move marks a significant shift for Vanguard, which had previously expressed skepticism about Bitcoin and digital assets.

Bitcoin, Ethereum, XRP hold gains but 'volatility is incoming'

Cryptocurrency markets are seeing consolidation after Bitcoin reached a new all-time high above $123,000. Despite the gains, data shows decreasing transaction volume and active addresses, hinting at potential volatility ahead for major cryptocurrencies.

'Rogue Politicians' Using Crypto to Hide Proceeds of Corruption: Nigeria EFCC Chair

EFCC chair Ola Olukoyede revealed at an African Union event that corrupt politicians in Nigeria are utilizing cryptocurrencies to conceal their illicit gains.

Connecticut amends its money transmission licensing laws

Connecticut recently updated its money transmission statutes through HB 7042, incorporating provisions for virtual currency transactions and digital wallets, enhancing disclosure requirements, and refining definitions for money transmitters.

Strategy Adds $472 Million In Bitcoin, Ups Total Holdings To Over 600,000 BTC

Strategy disclosed the acquisition of 4,225 Bitcoin, totaling $472.5 million, expanding its crypto treasury to 601,550 BTC, showcasing a significant investment amidst Bitcoin's recent surge in value.

Binance Celebrates 8th Anniversary with $125 Trillion in Trading Volume

Binance, the world's largest crypto exchange, marked its eighth anniversary by revealing it has processed over $125 trillion in digital assets since its inception. With 280 million users, the platform boasts a 41% share of the global spot trading market and $50 billion in user returns through Binance Earn. Additionally, Binance Pay has processed $230 billion across 300 million transactions, showcasing the platform's significant growth and impact on the crypto market.

BTC Reaches High of $122,000 Amid Investment Strategies

Bitcoin has surged to a high of $122,000, prompting investors to consider new energy cloud mining for profit. Amid market fluctuations, the SWL Miner platform offers the potential to double income in just two months, contrasting with traditional investment timelines. This highlights the evolving strategies in the crypto space to navigate risks and maximize returns.

Institutions Favor BTC and ETH, Retail Investors Turn to Memecoins in 2025 Bull Run

As institutions double down on Bitcoin and Ethereum, retail investors are increasingly drawn to memecoins during the 2025 bull run, according to Wintermute. This divergence in investment preferences reflects a dynamic market landscape where different segments of investors are pursuing varied strategies to capitalize on the ongoing crypto market trends.

BlockFi and DOJ Finalize $35M Settlement Amid Bankruptcy Battle

BlockFi and the Department of Justice have reached a $35 million settlement amidst an ongoing bankruptcy battle. This resolution marks a significant development in the legal challenges faced by BlockFi.

Crypto ETF Investors Prefer 'Ethereum Over Bitcoin' Amid Surging Demand

CoinShares reports that crypto ETF investors are showing a preference for Ethereum over Bitcoin as Ethereum's price surpasses $3,000 for the first time in five months. This shift in investor sentiment reflects the growing demand for Ethereum in the market.

Crypto Market Cap Hits $3.8T All-Time High, May Surpass UK's GDP

The cryptocurrency market cap has reached a record high of $3.8 trillion, positioning it as the seventh-largest "country" by GDP if it were a nation. This milestone underscores the significant growth and potential of the crypto market.

Binance Reveals Bonding Curve Feature—But It’s Not Like Solana’s Pump.fun

Binance introduces a new "token generation event model" where users must apply to launch a token, distinct from Solana's Pump.fun bonding curve feature.

Bitcoin Holders Flock to BJMINING, All Because of These Profit Numbers

Bitcoin's price surge to over $122,000 and the market capitalization exceeding $2 trillion drive investors to BJMINING, a leading cloud mining service provider with over 5 million users globally.

BlackRock’s IBIT becomes top 20 ETF in US, poised to exceed $100 billion in assets this month

BlackRock's Bitcoin exchange-traded fund (ETF), IBIT, is on track to surpass $100 billion in assets this month, becoming the 20th largest ETF in the US and the 7th largest for BlackRock, driven by recent inflows and Bitcoin's price rally.

Bernstein Forecasts 'Long and Grinding' Crypto Bull Market

Analysts from research brokerage firm Bernstein have forecasted a ‘long and grinding crypto bull market.’

Whale 0xfd10 Borrows and Sells $ETH Worth Millions

A whale identified as 0xfd10 borrowed 15,000 $ETH from Aave, sold it, withdrew 35,754 $ETH from Aave, dumped it, but later bought back 34,343 $ETH at a higher price, making significant transactions worth millions.

BRICS Bank Increases Loans in Local Currencies

The New Development Bank (NDB), commonly known as the BRICS bank, has increased lending in local currencies, moving away from the US dollar to prioritize member nations' currencies like the Chinese yuan, Russian ruble, and Indian rupee, covering 25% of lending in local currencies to reduce foreign-exchange risks and strengthen alliances.

Grayscale Eyes Public Listing with Confidential SEC Filing

Grayscale Investments has confidentially submitted a draft registration statement to the SEC for public trading. If approved, it will join the likes of Coinbase and Circle in going public, marking a significant move in the cryptocurrency industry.

22,000 ETH Transferred from Arbitrum to Binance

A significant transfer of 22,000 ETH, valued at $66,984,815, was made from Arbitrum to Binance, indicating notable movement within the cryptocurrency market.

Aberdeen, Lloyds, and Archax Complete UK-First Tokenised Asset Collateral Trade

A collaboration between Aberdeen Investments, Lloyds Banking Group, and Archax resulted in the first UK use of tokenised real-world assets as collateral for FX trades, showcasing the integration of blockchain into institutional finance and marking a pivotal step in the industry.

Hungary Enforces Strict Crypto Restrictions, Including Penalties for Unlicensed Exchange Users

Hungary has implemented stringent crypto regulations, imposing penalties on unlicensed exchange users. This move is likely to impact the cryptocurrency market and trading activities within the country.

NASDAQ-Listed SharpLink Gaming Buys Nearly $49 Million Worth of Ether (ETH)

SharpLink Gaming, a NASDAQ-listed sportsbook marketing firm, purchased almost $49 million worth of Ether (ETH) as ETH prices surged past $3,000. This significant investment highlights growing institutional interest in cryptocurrencies.

Corporate Bitcoin Buyers Increase Holdings as Bitcoin Hits New Highs

Corporate giants like Tokyo-listed Metaplanet are increasing their Bitcoin holdings, with Metaplanet adding 797 Bitcoin to its reserves, totaling over $2 billion. This trend indicates a growing confidence in Bitcoin as a long-term investment among major companies.

Shiba Inu (SHIB) Burn Rate Explodes by 2,000% Weekly: Further Price Rally Incoming?

Shiba Inu (SHIB) has experienced a significant surge in its burning program, with over one billion SHIB burned in the past week, marking a 2,080% increase compared to the previous week. This surge in burning activity, aimed at reducing the token's overall supply, has coincided with a 17% price increase and a market capitalization exceeding $8 billion, hinting at potential short-term gains.

SGA, a KOSDAQ-listed firm, will raise approximately $25M via a private placement to investors

SGA, a KOSDAQ-listed company, is set to raise around $25 million through a private placement involving investors like Sora Ventures and AsiaStrategy. The funds raised will be utilized for strategic acquisitions, with the investor consortium poised to become the largest shareholder in SGA.

Bitcoin Surges Past $122k Amid Weakening US Dollar

Bitcoin's price has soared from $108,000 to over $120,000 in less than a week, driven by the declining strength of the US dollar. The dollar's 10% drop against other currencies signals economic instability and propels Bitcoin towards hyper bitcoinization.

Bank of England Warns Against Banks Issuing Stablecoins

Bank of England Governor Andrew Bailey cautions about the risks of banks issuing stablecoins, opposing the Trump administration's view. Bailey believes stablecoins could drain money from the banking system, setting the Bank of England on a collision course with the US on this matter.

Altitude Defi Platform Hits $10M in Deposits

Defi lending platform Altitude achieves a milestone with $10 million in deposits, showcasing the growing popularity of decentralized finance. This significant deposit amount reflects the increasing trust and adoption of Altitude's services within the crypto community.

Bhutan Government Moves $74M in BTC to Binance Amid Price Surge

The Bhutanese government transferred $74 million in Bitcoin to Binance over two weeks, coinciding with the cryptocurrency's new all-time highs. This move suggests a potential cashing in on the surging asset.

BlackRock Purchases $1.3 Billion in Bitcoin as BTC Hits New High

BlackRock's IBIT Bitcoin ETF bought over $1.3 billion worth of BTC, aligning with Bitcoin's rally to a new all-time high. The significant purchases by global financial institutions like BlackRock indicate growing institutional interest in the cryptocurrency market.

Abraxas Capital Faces $107M Loss on Short Positions

Abraxas Capital's two wallets on Hyperliquid, which were shorting BTC, ETH, SOL, and other tokens as a hedge, are now experiencing a significant loss exceeding $107 million.

Injective (INJ) Surges 15% on EVM Testnet Launch and Partnerships

Injective (INJ) has seen a 15% rally driven by its EVM testnet launch, strategic partnerships with Google Cloud and Deutsche Telekom, and increasing adoption within the DeFi sector.

Curve DAO Token (CRV) Jumps 34% on Strong Fundamentals and Investor Sentiment

Curve DAO Token (CRV) has surged by 34% due to factors such as rising Total Value Locked (TVL), robust DAO performance, and positive sentiment among investors, raising questions about the sustainability of this momentum.

Source: KLEA News