Crypto This Week: Laws Passed, Wallets Hacked, Bitcoin Holdings Soar

Crypto Weekly Recap: From Trump’s Stablecoin Law to Strategy’s Bitcoin Surge, Key Highlights You Need to Know

As the cryptocurrency market navigates a rapidly shifting global landscape, the past week has delivered pivotal developments—from the United States enacting its first federal stablecoin law to major corporate acquisitions reshaping the crypto treasury space. Here’s a detailed breakdown of this week’s top crypto stories, market movements, and what investors should watch next.

Trump Signs Landmark Stablecoin Legislation: The GENIUS Act

The crypto industry marked a milestone on July 19 when President Donald Trump signed the GENIUS Act, the United States’ first federal stablecoin regulation, into law. The act enforces strict requirements for dollar-backed stablecoins, mandating a 1:1 reserve ratio to ensure consumer protection and systemic stability.

Tether and Circle, two of the world’s largest stablecoin issuers, celebrated the development. Tether hinted at plans for a U.S.-exclusive stablecoin aligned with the new framework, while Circle praised the clarity provided by the legislation. Industry experts view the GENIUS Act as a significant leap forward in mainstreaming crypto within the U.S. financial system, offering clarity for businesses and users alike while setting a regulatory precedent for other jurisdictions.

WLFI Trading Slated for August Amid $16B Valuation

World Liberty Financial (WLFI), a DeFi project linked to President Trump’s circle, confirmed that it will begin trading in late August at a projected valuation of $16 billion. The governance community approved token transferability, paving the way for exchange listings and peer-to-peer transfers.

Pre-market trading has priced WLFI around $0.16, while the company is actively working with U.S. regulators to secure listings on major exchanges. Strategic token unlocks and liquidity incentives are expected to drive momentum, aligning the project with legal and compliance pathways necessary for a sustainable rollout.

CoinDCX Suffers $44 Million Hack, Prompts Security Questions

Indian crypto platform CoinDCX reported a $44 million loss following a server breach linked to a liquidity account, not customer wallets. Attackers transferred the stolen funds from Solana to Ethereum, using Tornado Cash to obscure transaction trails.

CEO Sumit Gupta assured the community that all user funds remain secure in cold wallets and that trading and INR withdrawals continue without interruption. However, the 17-hour delay in publicly disclosing the breach raised concerns about transparency and crisis communication practices within crypto exchanges.

Thailand Proposes Crypto Sandbox to Attract Tourists

In a move to enhance crypto adoption, Thailand’s SEC and Central Bank have launched a public consultation on a proposed crypto sandbox aimed at tourists. This initiative would allow visitors to seamlessly convert digital currencies into Thai baht, starting in tourist-heavy zones like Phuket.

Crypto firms have expressed support, citing potential boosts in tourism revenue and crypto utilization. However, tourism authorities emphasized the need for clear operational frameworks and effective cross-agency collaboration to avoid confusion among foreign visitors.

Ethereum Sees Institutional Interest Spike: BitMine and SharpLink Accumulate

Ethereum’s price climbed above $3,400 this week amid news that BitMine Immersion Technologies now holds over $1 billion in ETH, equivalent to 300,657 tokens. The firm’s aggressive accumulation strategy has drawn comparisons to MicroStrategy’s Bitcoin play, with speculation that Ethereum could target $6,000 to $10,000 in the medium term if momentum continues.

Meanwhile, SharpLink Gaming increased its ETH holdings to $700 million, surpassing the Ethereum Foundation itself. The company recently staked $15.8 million into LSETH, signaling long-term confidence in Ethereum’s role within institutional portfolios. Combined, these moves suggest a strengthening narrative around Ethereum as a treasury asset for corporates.

Ripple and Ctrl Alt Advance Real Estate Tokenization in Dubai

In a pioneering partnership, Ripple and Ctrl Alt are working with the Dubai Land Department to tokenize real estate title deeds on the XRP Ledger. The initiative aims to facilitate fractional ownership of property, making real estate investments accessible to smaller investors.

Ctrl Alt, now a licensed entity under Dubai’s Virtual Asset Regulatory Authority (VARA), is set to manage secure token issuance and storage, positioning Dubai as the first Middle Eastern city to officially utilize blockchain for property record management.

Windtree Therapeutics Integrates BNB with $60M Deal

Windtree Therapeutics secured a $60 million agreement with Build and Build Corp (BNB) to establish a BNB treasury, with plans to scale this allocation to $200 million over time. This partnership makes Windtree the first NASDAQ-listed company to directly incorporate BNB within its corporate treasury, offering investors regulated access to Binance Smart Chain assets while expanding institutional confidence in BNB as a reserve asset.

Bitcoin Dips Amid Trump’s Russia Tariff Threat

Bitcoin’s price dipped from $121,000 to $117,000 this week after President Trump threatened 100% secondary tariffs on nations trading with Russia, issuing a 50-day ultimatum for a ceasefire from Moscow. The crypto market responded with sharp volatility, as Ethereum, Solana, and other altcoins followed Bitcoin in retracing gains.

Investors expressed concern that escalating geopolitical tensions could negatively impact risk assets, including crypto, particularly if global instability persists and prompts flight-to-safety moves into cash and bonds.

Strategy (MicroStrategy) Expands Bitcoin Treasury, Hits 601K BTC

Michael Saylor’s Strategy, formerly MicroStrategy, added 4,225 BTC valued at $472.5 million to its holdings this week, bringing its total to an unprecedented 601,550 BTC—solidifying its position as the largest corporate Bitcoin holder globally.

This acquisition comes amid a broader Bitcoin ETF era that is encouraging corporate players to increase Bitcoin exposure. Saylor’s continued conviction in Bitcoin as a primary treasury reserve asset is inspiring other firms like Japan’s Metaplanet to pursue similar strategies, indicating institutional confidence in Bitcoin’s long-term store-of-value proposition.

Final Thoughts: Crypto Matures in the Face of Regulatory and Market Shifts

The past week showcased how regulatory clarity, institutional adoption, and geopolitical developments are collectively shaping the crypto landscape. From the U.S. GENIUS Act’s landmark stablecoin regulation to institutional ETH accumulation and the growing trend of crypto integration in corporate treasuries, the crypto ecosystem is steadily evolving toward mainstream acceptance.

While volatility remains, the continuous inflow of corporate capital, government-level crypto sandbox initiatives, and advanced blockchain applications like real estate tokenization in Dubai indicate that crypto is not merely surviving challenging macro conditions—it is adapting and thriving.

As investors and market watchers assess their next moves, monitoring regulatory progress, institutional allocations, and geopolitical tensions will be essential in navigating the next phase of crypto’s global journey.

Source: https://www.coingabbar.com/en/crypto-currency-news/this-week-in-crypto-major-laws-hacks-holdings-and-partnerships

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.