17 Jul 2025, 06:00

Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote

Crypto legislation appears to be back on track after US lawmakers passed a motion to reconsider three crucial digital asset bills in a narrow vote. This effort follows Tuesday’s failed attempt to advance the proposed legislation to a floor debate during the “Crypto week.” Related Reading: SUI Eyes 140% Move As Price Reclaims $4 – New ATH Imminent? US House Passes Motion To Reconsider On Wednesday, the US House of Representatives voted on a motion to reconsider three major crypto legislations that failed to pass their procedural vote on Tuesday. As reported by NewsBTC, Congress’s lower chamber blocked the motion in a 196-223 vote, with 13 Republicans siding with the Democrats. Following the failed vote, Lawmakers had reportedly planned to hold a vote to reconsider the motion for later in the day, but it was ultimately scheduled for Wednesday morning. On Tuesday night, US President Donald Trump personally met with 11 of the 12 Republican representatives needed to pass the bills, securing their support. The lawmakers met for the second time this week to decide the fate of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the Digital Asset Market Clarity (CLARITY) Act of 2025, and the anti-CBDC (Central Bank Digital Currency) bill. The motion to reconsider the trio of bills cleared the House in a 215-211 vote, with all Republican representatives voting in favor this time. Now, the US House prepares to hold a new procedural vote later today and decide whether to send the three landmark bills to a final vote. Representative Andy Harris shared on X that “House Freedom Caucus Members will be voting in favor of the rule today after reaching an agreement with President Trump last night.” Under the agreement, the House Committee on Rules will meet today to include “clear, strong, anti–Central Bank Digital Currency (CBDC) provisions to the CLARITY legislation” to ensure Americans are “protected from government overreach into their financial privacy.” Crypto Legislation Faces New Challenges Despite the crucial approval of a motion to reconsider, the bills now face a new roadblock. Politico reporter Meredith Lee Hill revealed that “there’s another crypto mess unfolding on the House floor.” In a series of X posts, the journalist affirmed that the potential merger of two of the three crypto legislations could pose a problem for the upcoming vote. Seemingly, the House Grand Old Party (GOP) leaders are trying to combine the House’s market structure and anti-CBDC bills after passing the floor. However, Republicans from the House Financial Services Committee are hesitating at that plan, as it “will doom Clarity.” House Agriculture Committee Republican representatives also consider that combining the two bills could kill the CLARITY Act, arguing that “even the threat of doing this emergency rules meeting may have already done so.” Journalist Eleanor Terret added that combining the bills could make CLARITY harder to pass because “they risk losing Dem votes over the anti-CBDC language.” A GOP Senate staffer reportedly told Terret that they are “just hoping the House can move something, anything, so crypto legislation can survive to the next step. We have options to move forward, but no one wants another failed vote that kills momentum.” Related Reading: Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report Meanwhile, the GENIUS Act would remain a standalone bill, despite previous attempts to merge it with the market structure bill. Since it already passed the Senate, the bill only needs to pass the final House vote to head to President Trump’s desk. Despite the legislative uncertainty, the crypto market continues to recover from yesterday’s drop, with Bitcoin (BTC) holding the $119,000 area as support. Featured Image from Unsplash.com, Chart from TradingView.com

15 Jul 2025, 20:00

SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip

Ethereum is undergoing a critical test after breaking above the key $2,850 resistance level and reaching a local high of $3,080. Since then, ETH has retraced by less than 5%, holding steady and showing signs of strength amid broader market volatility. The ability to maintain levels above $2,850 is being closely watched by traders and analysts as a potential launchpad for the next leg higher. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth Market sentiment remains increasingly optimistic, fueled by strong fundamentals and signs of institutional accumulation. According to on-chain data, SharpLink Gaming—one of the first Nasdaq-listed companies to develop a treasury strategy centered on Ethereum—purchased another $73,210,000 worth of ETH yesterday. This marks another strong signal that smart money is confident in Ethereum’s long-term value. As the crypto market awaits key developments from US regulators during “Crypto Week,” Ethereum’s price action and on-chain indicators remain aligned with a bullish outlook. If ETH can hold current levels and build momentum, the path toward $3,500 becomes increasingly realistic. With rising institutional demand and strong network fundamentals—including record ETH staking—Ethereum appears well-positioned to lead the next phase of the altcoin market rally. SharpLink Becomes Largest Public ETH Holder With $611M in Ethereum SharpLink Gaming has officially become the largest publicly known holder of Ethereum, with total holdings now reaching 205,634 ETH, valued at approximately $611 million. This milestone positions the Nasdaq-listed company at the forefront of institutional Ethereum adoption, setting a new benchmark for corporate treasury strategies in the crypto space. Top analyst Ted Pillows confirmed the latest purchase through on-chain data, revealing that the transaction originated from a Coinbase Prime hot wallet, commonly used by institutions for large-scale acquisitions. This move signals increasing confidence in Ethereum’s long-term value, particularly as companies begin diversifying beyond Bitcoin to gain exposure to smart contract infrastructure. Ethereum’s technical setup remains strong, with price holding well above the $2,850 support zone following its recent move to $3,080. At the same time, fundamentals continue to improve. The ETH supply staked has reached new all-time highs, indicating that more long-term holders are locking up their assets rather than selling into strength. Combined with increased institutional interest, this reflects growing conviction in Ethereum’s role as a foundational layer for Web3. The coming weeks promise to be pivotal. With market sentiment turning bullish and Ethereum gaining traction in corporate circles, the stage is set for a sustained upward move, especially if broader macro and regulatory conditions remain favorable. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? ETH Holds Above Key Breakout Zone Ethereum’s 3-day chart shows a bullish continuation pattern, with price currently holding at $2,978 after recently breaking through a critical resistance zone at $2,850. The breakout marked a shift in momentum following a prolonged consolidation phase and pushed ETH to a local high of $3,041.41. Although a slight retracement followed, the current structure remains strong as bulls successfully defend the $2,850–$2,900 area. This level is particularly important as it aligns with multiple technical indicators. The 200-day simple moving average (SMA) sits at $2,805.46, now acting as dynamic support. ETH also remains well above the 50-day and 100-day SMAs, currently at $2,244.80 and $2,661.68, confirming that the broader trend has turned bullish. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm Volume remains elevated, suggesting continued buying interest on dips. If ETH holds above $2,850 in the coming sessions, the next logical target is the $3,300–$3,500 zone, where previous highs and psychological resistance converge. Featured image from Dall-E, chart from TradingView

15 Jul 2025, 17:00

Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative

Bitcoin is undergoing a slight retrace after hitting a new all-time high of $123,000 on Monday. While the broader trend remains bullish, short-term sentiment has shifted as selling pressure begins to build. Bulls are now defending key support levels, with the $117,000 zone emerging as a critical line that could determine whether the uptrend holds or deeper corrections follow. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth The pullback has introduced fresh uncertainty into the market. According to new data from CryptoQuant, Bitcoin Futures Position Dominance has started to lean bearish, suggesting that short positions are gaining momentum across major derivatives platforms. This shift reflects growing caution among traders, particularly as long-to-short ratios weaken and funding rates normalize after weeks of elevated bullish activity. Although Bitcoin remains far above its 2024 highs and the macro structure still favors bulls, the current pause is being closely watched. Investors are looking for confirmation that the recent all-time high was not a local top. With fear slowly creeping in and derivatives data flashing early warning signs, the coming days could be pivotal. Whether bulls can hold the line—or whether bears take control—will likely set the tone for Bitcoin’s next major move. Bitcoin Retraces As Bearish Sentiment Rises Bitcoin has pulled back more than 5% since reaching its all-time high of $123,000 earlier this week, with current price action testing the strength of short-term support levels. While retracements are common after major breakouts, some analysts note that Bitcoin’s decline has been sharper than that of Ethereum and many altcoins, which have either held their ground or continued to climb. Top analyst Axel Adler pointed out a significant shift in sentiment following the ATH. According to his insights, bears began aggressively shorting immediately after the price peak, leading to a sharp drop in bullish dominance. Most notably, the long-to-short ratio flipped into negative territory for the first time in weeks, signaling a clear rise in short interest across derivatives platforms. This pivot in positioning reflects growing caution among traders and raises the stakes for bulls. The $117,000 level is now seen as a key support zone—if Bitcoin fails to hold above it, a deeper correction could follow, potentially dragging the broader market down with it. The timing is especially critical. This week, the US Congress kicks off “Crypto Week,” a series of discussions and potential votes on important legislation that could reshape the regulatory landscape for digital assets. The outcome of these debates may act as a catalyst for renewed bullish momentum—or deepen the correction if uncertainty dominates. As markets brace for clarity, all eyes remain on Bitcoin’s ability to defend $117K and reclaim its short-term trend. Related Reading: $30B In Bitcoin Added By Accumulator Wallets: Are Long-Term Players Preparing Early? BTC Pulls Back: $114K–$117K Key Zone to Watch The 4-hour chart shows Bitcoin retracing sharply after reaching an all-time high of $123,200 earlier this week. Currently trading at $116,900, BTC has dropped over 5% from its recent peak, marking its first significant correction since the breakout above $109,300. This pullback brings Bitcoin back toward the $114,000–$117,000 zone, which now acts as short-term support. This area coincides with the rising 50-period simple moving average (SMA) at $114,466 and is closely aligned with the previous breakout structure. A successful retest of this level could provide the foundation for a new leg higher. Related Reading: Bitcoin Long-Term Holders Remain Steady As CDD Normalizes After False Alarm However, failure to hold this zone could open the door for a deeper correction toward the $109,300 support level, which served as a multi-week resistance throughout May and June. The bearish momentum on the latest candles, combined with high sell volume, reflects rising short-term uncertainty. Despite this, Bitcoin remains above all major moving averages on this timeframe (50, 100, and 200 SMAs), indicating that the broader trend is still intact. Featured image from Dall-E, chart from TradingView

15 Jul 2025, 12:50

Urgent Bithumb DYDX Suspension: Navigating the Mainnet Upgrade

BitcoinWorld Urgent Bithumb DYDX Suspension: Navigating the Mainnet Upgrade Are you a user of the South Korean crypto exchange Bithumb, or do you hold DYDX tokens? If so, there’s an important announcement you need to be aware of. Bithumb has declared a temporary Bithumb DYDX suspension for deposits and withdrawals, a critical measure in light of an upcoming DYDX mainnet upgrade . This isn’t just a minor inconvenience; it’s a necessary step to ensure the integrity and future functionality of the dYdX decentralized exchange’s native token. What is the Bithumb DYDX Suspension All About? On its official website, Bithumb, one of South Korea’s leading cryptocurrency exchanges, made a clear announcement regarding the DYDX token. Starting at 13:00 UTC on July 16 , the exchange will temporarily halt all deposit and withdrawal services for DYDX. This decision directly impacts anyone looking to move their DYDX tokens onto or off the Bithumb platform around that time. While such suspensions can be concerning for users, they are a standard procedure in the crypto world, especially when a significant network event like a mainnet upgrade is on the horizon. The primary reason cited for this temporary halt is to facilitate a seamless and secure transition during the DYDX mainnet upgrade . Exchanges typically suspend services during major network overhauls to prevent any loss of funds, ensure transaction accuracy, and protect user assets from potential vulnerabilities that might arise during the upgrade process. Think of it like a bank temporarily closing its doors for system maintenance – it’s for your own good, ensuring the system is robust when it reopens. Understanding the Crucial DYDX Mainnet Upgrade So, what exactly is a ‘mainnet upgrade,’ and why is it so crucial for DYDX? A mainnet upgrade refers to a significant update or overhaul to a blockchain network’s core protocol. It’s not just a minor patch; it often involves fundamental changes that can enhance the network’s scalability, security, efficiency, or introduce new features. For DYDX, the native token of the dYdX decentralized exchange , this upgrade is a pivotal moment for its underlying infrastructure. Mainnet upgrades are essential for several reasons: Scalability: As blockchain networks grow, they need to handle more transactions without slowing down. Upgrades often introduce improvements to process more transactions per second. Security: New security features or fixes for identified vulnerabilities can be implemented, making the network more resilient against attacks. Feature Enhancements: New functionalities, smart contract capabilities, or improved governance mechanisms can be introduced, expanding the utility of the token and the platform. Efficiency: Upgrades can reduce transaction fees or energy consumption, making the network more sustainable and cost-effective. For the dYdX decentralized exchange , this upgrade signifies a commitment to continuous improvement and adapting to the evolving demands of the decentralized finance (DeFi) landscape. A successful mainnet upgrade can lead to a more robust and performant platform, ultimately benefiting its users and the long-term value proposition of the DYDX token. Impact on Your Token Deposits and Withdrawals: What Users Need to Know The immediate impact of the Bithumb DYDX suspension is straightforward: you won’t be able to move your DYDX tokens in or out of the exchange during the specified period. This is vital information for traders, investors, and anyone managing their crypto assets. Here’s a quick breakdown of what this means for your token deposits withdrawals : Timeframe Action Implication Before July 16, 13:00 UTC Deposits & Withdrawals Active You can still deposit or withdraw DYDX tokens as usual. It is advisable to complete any necessary transactions well in advance. From July 16, 13:00 UTC onwards Deposits & Withdrawals Suspended Any attempts to deposit or withdraw DYDX will fail or be rejected. Your funds will remain safe on the exchange but will be inaccessible for transfer. After Upgrade Completion Services Resumed Bithumb will announce the resumption of services once the mainnet upgrade is successfully completed and the network is stable. Actionable Insight: If you need to access your DYDX tokens for any reason, ensure all necessary deposits or withdrawals are completed well before the July 16, 13:00 UTC deadline. Monitor Bithumb’s official announcements for updates on when services will resume. Attempting transactions during the suspension period can lead to delays or even loss of funds if not handled correctly by the exchange’s system, though reputable exchanges like Bithumb have safeguards in place. The Bigger Picture: dYdX Decentralized Exchange and Its Evolution The DYDX token is integral to the dYdX decentralized exchange , a prominent platform in the DeFi space known for its perpetual trading, margin trading, and spot trading services. Unlike centralized exchanges, dYdX operates on a decentralized framework, meaning users retain control over their private keys and assets, and transactions are executed directly on the blockchain via smart contracts. The ongoing evolution of dYdX, including this significant DYDX mainnet upgrade , highlights the dynamic nature of decentralized finance. As the DeFi ecosystem matures, platforms like dYdX must continuously innovate to offer competitive services, improve user experience, and maintain robust security. This upgrade is a testament to dYdX’s commitment to staying at the forefront of decentralized trading, ensuring its infrastructure can support its growing user base and future ambitions. The success of such upgrades is vital not only for the specific platform but also for the broader adoption and trust in decentralized technologies. It demonstrates that decentralized systems, while different from traditional finance, are capable of undergoing complex improvements to enhance their utility and reliability. Staying Informed with Crypto Exchange News: A User’s Guide This Bithumb DYDX suspension serves as a potent reminder of the importance of staying updated with crypto exchange news . In the fast-paced world of cryptocurrency, announcements regarding network upgrades, token listings, delistings, or service suspensions are common. Being informed can help you make timely decisions, avoid potential issues, and manage your portfolio effectively. Here are some tips for staying informed: Follow Official Channels: Always rely on official announcements from the exchange’s website, blog, or verified social media accounts. Set Up Alerts: Many exchanges offer email or app notifications for critical updates. Understand the ‘Why’: Don’t just note the suspension; try to understand the reason behind it (e.g., mainnet upgrade, security audit, regulatory changes). This context helps in assessing the long-term impact. Plan Ahead: If you frequently engage in token deposits withdrawals , keep an eye on upcoming maintenance schedules for the tokens you hold. These temporary suspensions, while sometimes inconvenient, are often a sign of a healthy and responsible ecosystem. They indicate that the underlying technology is being actively maintained and improved, ultimately leading to a more secure and efficient experience for users. Conclusion: Navigating the Future of DYDX The upcoming Bithumb DYDX suspension for deposits and withdrawals is a temporary measure designed to facilitate a crucial DYDX mainnet upgrade . This event underscores the continuous evolution of the dYdX decentralized exchange and the broader crypto landscape. For users, the key is to remain informed, understand the implications for their token deposits withdrawals , and plan accordingly. While the immediate focus is on the suspension, the bigger picture reveals a commitment to strengthening the dYdX ecosystem, potentially leading to a more robust, scalable, and secure platform. As the crypto market continues to mature, such upgrades are not just routine maintenance but vital steps towards building a more resilient and efficient decentralized future. Stay tuned to official channels for updates on service resumption, and remember that staying proactive in monitoring crypto exchange news is your best defense in this dynamic environment. To learn more about the latest crypto market trends, explore our article on key developments shaping the decentralized finance space and its institutional adoption. This post Urgent Bithumb DYDX Suspension: Navigating the Mainnet Upgrade first appeared on BitcoinWorld and is written by Editorial Team

15 Jul 2025, 11:34

Analyst Suggests Pi Coin Listing on Binance May Face Delays Due to Code Transparency and Audit Issues

Pi Network’s Pi Coin faces significant hurdles in securing listings on major crypto exchanges due to its closed-source blockchain and lack of formal security audits. Analyst Kim Wong identifies the

15 Jul 2025, 06:30

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto exchanges than the average memecoin and generated millions of dollars in gains for the platforms. Related Reading: Fibonacci Maps Dogecoin Path To $23—Is It Too Far-Fetched? Crypto Exchanges Profit From TRUMP Memecoin On Monday, news agency Reuters shared an analysis of market data and industry announcements related to the listing of the official TRUMP memecoin on some of the biggest crypto exchanges by market share. In January, President Trump surprised the crypto industry after launching his official token ahead of the start of his presidency. The cryptocurrency quickly skyrocketed to its all-time high (ATH) of $75, yielding significant profits for many early investors. However, the memecoin faced heavy backlash from the community, with several investors calling the President’s crypto venture a “big red flag.” Notably, 80% of the cryptocurrency’s supply was held by the Trump family and their partners, raising concerns over “such a high concentration of ownership”, which can allow the team behind it to “sell large amounts of it at once, collapsing the price for retail investors,” Reuters noted. The report claims that exchanges have been “major beneficiaries of Trump’s embrace of the industry,” as TRUMP has generated millions of dollars in revenue for the 10 largest exchanges reviewed by Reuters. Based on standard fee estimates compiled for the analysis, the crypto platforms allegedly made more than $172 million in trading fees since the token’s listing. Additionally, the token has “favored a small group of investors,” with 45 crypto wallets making around $1.2 billion in profits over the past six months. Nonetheless, as the token trades at 87.1% below its ATH, 712,777 wallets accumulate a collective loss of $4.3 billion, according to Bubblemaps data. Presidential Token Saw Express Listing Process According to the report, the largest exchanges, including Binance, Gate.io, Bitget, MEXC, OKX, Coinbase, Bybit, Upbit, Crypto.com, and HTX, listed Trump’s token “with unusual speed” compared to other recent prominent memecoins, despite the industry’s concerns. Reuters’ analysis showed that eight of the 10 largest crypto exchanges listed TRUMP within the first 48 hours since its launch. Coinbase listed the memecoin three days later, while Upbit added the token nearly a month later, on February 13. Meanwhile, the same 10 exchanges took significantly more to list Pepe (PEPE), Bonk (BONK), Fartcoin (FARTCOIN), and dogwifhat (WIF), the four other largest memecoins launched since 2022. Per the report, all 10 exchanges listed PEPE and BONK, while nine listed WIF, and only seven listed FARTCOIN. For comparison, all 10 exchanges took an average of 129 days to list these tokens, but only took an average of four days to list the presidential memecoin. Bitget, MEXC, and Coinbase reportedly said they listed the token quickly to “respond to overwhelming demand for the $TRUMP coin.” Gracy Chen, Bitget’s CEO, explained in a statement that “the crypto space was buzzing with the hype and, as any other token with a growing craze, it was imperative to add TRUMP.” Related Reading: Bitcoin Ignites Intraday Optimism With A Step Past $119,000 Threshold Chen told Reuters that Bitget also had concerns about the 80% supply figure but said the fact that the upcoming US president announced the coin on his social media accounts “should kind of solve the compliance issue.” “Ultimately, user trading volume, demand … overrode the so-called risky factor here,” Bidget CEO concluded. As of this writing, TRUMP trades at $9.43, a 2.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com