Genius Act Bans Yield‑Bearing Stablecoins, Boosting Ethereum DeFi 💡

The GENIUS Act bans stablecoins from offering interest, redirecting capital toward Ethereum-based DeFi platforms that generate yields through services like hedging and liquidity provision. The law also requires stablecoin reserves to be held in U.S. Treasuries, aligning them with federal monetary policy. Analysts say Ethereum stands to benefit due to its maturity, compliance potential, and key role in DeFi.

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Tether CEO Says He'll Comply With GENIUS to Come to U.S., Circle Says It's Set Now

Paolo Ardoino, Tether's chief, said his firm will come to the U.S., is chasing high-level auditing and will adjust reserves, but Jeremy Allaire said Circle is already compliant.

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FTX Bahamas claims require additional supervision and approval, because the Bahamas belongs to the EU legal system

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Jack Dorsey's Block to join the S&P 500. They hold 8,584 bitcoin on their balance sheet 🚀

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Trump: The Department of Justice has been required to disclose all Epstein's jury testimony, which only needs to be approved by the court

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🗞 July 19 2025 cryptocurrency news highlights

【Cryptocurrency】
Bitcoin Stuck Below $118,000 As Ethereum, XRP, Dogecoin Extend Gains🕯

【Economy】
Trump: Cryptocurrency Benefits the Dollar and the Country, Stablecoin Bill is a Major Recognition of Cryptocurrency🧐

【Others】
Trump Signs Landmark GENIUS Act, Ushering in First U.S. Stablecoin Law ✍️

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AguilaTrades' Bitcoin and Ethereum Short Positions Have Accumulated a Total Profit of Over $2.5 Million🔥

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Bitcoin bounced back above $118,000, with a 24-hour gain of 0.27%.💰

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Grok AI Predicts When Dogecoin Hits $1, Shiba Inu Hits $0.0001, and This New Meme Coin Hits $3🐶📶🐸

Grok AI predicts major gains for cryptocurrencies, including Dogecoin reaching $1, Shiba Inu hitting $0.0001, and Little Pepe (LILPEPE) soaring to $3 by Q2 2026. LILPEPE is currently in Stage 5 of its presale at $0.0014, with over $5.8 million raised and 4.9 billion tokens sold, signaling strong investor interest and rapid growth potential.

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Tether CEO Says GENIUS Act Positions U.S. for Digital Finance Leadership 📢

Tether CEO Paolo Ardoino praised the GENIUS Act as a major step for U.S. leadership in digital finance. He welcomed the law’s clear rules on reserves and audits and said Tether will launch a U.S.-compliant stablecoin. Ardoino believes the Act could set a global standard, boosting institutional trust and adoption.

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UK Chancellor Rachel Reeves may sell over £5B in seized BTC to plug the budget gap, per The Telegraph 🤑

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Upbit 24-hour trading volume ranking: XRP, DOGE, XTZ, ETH, ETC ranked in the top five

According to CoinGecko data, in the past 24 hours, the trading volume of Upbit, the largest trading platform in South Korea, reached 3.2 billion US dollars, among which the XRP/KRW trading pair ranked first in the Korean won trading market with a trading volume share of 15.15%. The other top five are: DOGE, XTZ, ETH, and ETC.

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Musk released a picture of "Grok's humanoid male companion Valentine"

Musk released a picture of "Grok's humanoid male companion Valentine" on X. This morning, Musk posted a message to Grok and said "Constructing Valentine". According to GMGN market information, the market value of Meme token Valentine rose by about 20% in a short period of time, and the market value is now reported at 9 million US dollars, with a 24-hour trading volume of 12.9 million US dollars.

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Bitcoin Dominance has dropped below the peak level seen throughout 2024.

According to market data, Bitcoin Dominance (BTC.D) has been declining for 8 consecutive days, currently dropping to 61.15%, below the 2024 annual peak of 61.53%.

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Michael Saylor posted the Saylor Bitcoin tracker again 👀

Strategy usually announce another BTC purchase the next day 🚀

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🗞 July 20 2025 cryptocurrency news highlights

【Cryptocurrency】
Upbit 24-hour trading volume ranking: XRP, DOGE, XTZ, ETH, ETC ranked in the top five

【Economy】
UK Chancellor Rachel Reeves may sell over £5B in seized BTC to plug the budget gap, per The Telegraph 🤑

【Indicators】
Bitcoin Dominance has dropped below the peak level seen throughout 2024.

【Others】
Tether CEO Says GENIUS Act Positions U.S. for Digital Finance Leadership 📢

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GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec

Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles.

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The Trump administration has begun to review the contracts between Musk's SpaceX and several federal government agencies

The Wall Street Journal reported that the U.S. General Administration asked the Department of Defense, National Aeronautics and Space Administration and other government agencies to fill out forms to report their cooperation with SpaceX and understand whether competitors in the same industry could do the same work more efficiently.

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The White House will release the first encryption policy report on July 22

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If Bitcoin breaks through $119,000, the cumulative short order liquidation intensity of mainstream CEX will reach 411 million.

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