July, 2025

July, 2025

Stable, a Bitfinex-backed Layer 1 blockchain using Tether’s USDT as a gas token, unveils ‘Phase 1’ of its roadmap
The new Layer 1 called Stable, which launched out of stealth in June, previously disclosed it is backed by USDT0 and Bitfinex....

SEC approves Grayscale’s mixed crypto fund, signaling momentum for other ETF proposals
The SEC approved on an "accelerated basis" an exchange-traded fund that looks to convert the Grayscale Digital Large Cap Fund LLC....

The Daily: Trump-backed American Bitcoin raises $220M for bitcoin and mining gear, Bitwise sticks to $200K BTC 2025 price prediction, and more
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons....

Crypto tax amendment dropped from Senate’s ‘Big, Beautiful Bill,’ but Sen. Lummis plans to keep pushing
A cryptocurrency tax provision that would have scored big for advocates ultimately didn't make it into the "big, beautiful bill."...

Mizuho sees Robinhood’s crypto expansion driving a rerating, hikes HOOD price target to $99
Robinhood announced an expansion into tokenized equities, crypto perpetual futures, and plans for an Ethereum Layer 2 blockchain....

Asian food giant DDC Enterprise closes up to $528 million to grow corporate Bitcoin reserves
The firm laid out plans to raise $528 million in financing in mid-June to fund its bitcoin acquisition strategy....

EU bank UniCredit to offer product tied to BlackRock’s Bitcoin ETF: Bloomberg
The product "will offer a 100% capital protection at maturity," Bloomberg reported, citing an internal memo confirmed by UniCredit....

Botanix Labs launches mainnet for its Bitcoin programmability layer with support from Alchemy, Antpool, Galaxy, among other node operators
The so-called “spiderchain” is going live with support from a 16-node founding federation of node operators, including Alchemy, Antpool, and Galaxy....

Macro tailwind crucial for bitcoin during historically soft start to Q3, analysts say
Analysts see new bitcoin all-time highs if the Fed cuts interest rates, but note previous comments and inflation data could stall momentum....

YZi Labs-backed perps DEX Vooi launches V2 mainnet, enabling cross-chain transactions via chain abstraction
The latest version of the platform uses OneBalance’s chain abstraction toolkit to "eliminate the concepts of ‘chains,’ ‘bridges’ or ‘native gas fees.'"...

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