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13/07/2025. Weekly CryptoNews Digest (July, 7 – July, 13)
Welcome to the latest update from the MNO blog. Since our launch in 2007, we’ve completed an 18-year journey of delivering clear, actionable crypto analysis and market intelligence, and I’m profoundly grateful to the community whose enthusiasm and participation have driven our success.
My mission remains unchanged: to provide timely insights, decode major industry shifts, and arm you with the knowledge to navigate digital assets confidently and clearly.
Here’s to the road ahead—brimming with fresh opportunities, groundbreaking discoveries, and ongoing collaboration. It’s an honor to have you alongside us as we chart the future of finance together.
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I’m excited to bring you the MNO Weekly CryptoNews Digest covering July 7 to July 13, 2025. In this edition, we’ll unpack the most impactful developments, emerging trends, and strategic insights shaping the global crypto arena. Let’s dive into the events driving tomorrow’s markets.
FIAT IS HOPELESS: ELON MUSK’S AMERICA PARTY BACKS BITCOIN
On July 7, 2025, Elon Musk declared that his newly formed America Party will officially embrace Bitcoin as a cornerstone of its economic platform, branding fiat currency “hopeless” and praising Bitcoin’s potential to restore financial sovereignty.
The announcement sent ripples through the crypto markets, with Bitcoin surging past $109,000 and Dogecoin jumping 5% within hours of Musk’s speech.
Critics slammed the move as a political gambit that threatens to politicize a decentralized asset, warning that tying Bitcoin to a partisan agenda could invite harsher regulatory scrutiny.
Supporters counter that Musk’s endorsement will energize crypto-aligned voters and institutional investors ahead of the 2026 election cycle, potentially reshaping how digital assets factor into mainstream political discourse.
TONCOIN VISA SCAM: UAE DENIES GOLDEN VISA CLAIMS FOR STAKERS
On July 7, UAE authorities issued a joint statement categorically denying any golden visa program tied to staking Toncoin, labeling the circulating claims “false and misleading” and urging investors not to trust unauthorised promises.
Toncoin’s price plunged 6% in the immediate aftermath of the denial as holders scrambled to exit positions and social media exploded with critiques of the project’s marketing tactics.
Many in the crypto community accused Toncoin promoters of reckless hype, arguing that misleading investors could erode trust in staking innovations more broadly.
Regulators across the Gulf Cooperation Council are watching closely, with this incident highlighting the tension between rapid crypto innovation and the imperative for accurate, regulated product disclosures.
SECRET SERVICE’S HUGE WAR CHEST: $400M SEIZED CRYPTO IN ONE WALLET
The U.S. Secret Service revealed on July 7 that it has amassed approximately $400 million in seized cryptocurrency from scam busts over the past decade, all stored in a single cold wallet under tight agency control.
This revelation positions the agency among the world’s largest crypto custodians, dwarfing some private exchanges in total holdings.
Privacy advocates raised alarms about governmental concentration of digital assets, arguing that victims of scams remain inadequately compensated while authorities hold massive stashes.
Calls have resurfaced for reforming asset forfeiture laws, with debate over whether seized crypto should be liquidated for operations, returned to defrauded users, or held for future enforcement actions.
ROBINHOOD CHAIN UPROAR: TOKENIZED STOCKS TRIGGER OUTRAGE
On July 7, Robinhood launched its own blockchain—Robinhood Chain—on Arbitrum Orbit, introducing tokenized stocks and perpetual futures for EU users in a bid to merge DeFi infrastructure with traditional asset exposure.
Shortly after launch, the platform listed tokens representing shares in private companies like OpenAI and SpaceX, prompting both firms to publicly distance themselves and declare the tokens unauthorised.
Regulators and consumer advocates warned that trading tokenized versions of private equity could mislead retail investors, potentially violating securities laws by blurring the line between equity and speculative derivatives.
Robinhood defends the innovation as a step toward democratizing access to traditional markets, but the backlash underscores the legal and ethical minefields of tokenizing real-world assets.
CRYPTO WEEK UPROAR: HOUSE GOP’S LEGISLATIVE SPRINT
Starting July 14, the U.S. House GOP declared a “Crypto Week” to fast-track three pivotal bills: the GENIUS Act on dollar-backed stablecoins, the CLARITY Act defining market structures, and the Anti-CBDC Surveillance State Act aiming to curb central bank digital currency overreach.
Supporters argue these measures will provide clear regulatory guardrails, foster institutional adoption, and establish America as the global leader in digital asset innovation.
Privacy groups and some Democrats decried the urgent timetable as partisan overreach, warning that rushed legislation could embed loopholes favoring industry insiders at the expense of consumer protections.
With intense lobbying from both crypto firms and civil rights organizations, the week-long session risks becoming one of the most contentious Congressional battles in recent memory.
CHINA WAVERS: SASAC EYES SOFTENED CRYPTO STANCE
In a stunning development on July 11, China’s State Assets Supervision and Administration Commission (SASAC) convened senior officials in Shanghai to discuss potential policy shifts on digital assets, including stablecoins—the first public signal of a possible easing since the 2021 ban.
Experts speculate Beijing may be weighing a partial reopening of regulated crypto markets to retain blockchain talent and prevent capital flight to more permissive jurisdictions.
Skeptics caution any relaxation will come with heavy surveillance and licensing requirements, preserving centralized control over transactions and network participants.
Even rumors of Chinese re-engagement sparked a surge in Asian trading volumes as investors repositioned for a potential new bull run.
ETHEREUM SEASON BEGINS: ETH SURGES PAST $3,000
On July 12, Ethereum broke through the $3,000 barrier for the first time in five months, fueled by SharpLink Gaming’s purchase of over 200,000 ETH as it aims to become the “MicroStrategy of Ethereum”.
Blockchain data shows nearly 30% of Ethereum’s circulating supply is now staked, hinting at a looming supply squeeze that could further propel prices.
Institutional interest underscores the network’s maturation, though critics warn that staking concentration among a few large holders might undermine decentralization.
The rally highlights a broader shift in corporate treasuries toward crypto diversification, with analysts predicting Ethereum could rival Bitcoin in institutional adoption by year-end.
TETHER TAKE-DOWN: CELSIUS WAGES $4 BIL SUIT
A U.S. Bankruptcy Court on July 9 greenlit Celsius Network’s $4 billion lawsuit against Tether, alleging the stablecoin issuer unlawfully liquidated 57,000 BTC during Celsius’s 2022 collapse to bolster its own creditor position.
Celsius claims Tether breached contract terms by executing excessive cross-collateral transfers and unauthorized BTC sales, depriving other creditors of equitable distribution.
Tether denies any misconduct, maintaining that all actions complied with agreed-upon protocols, yet the case has intensified scrutiny on stablecoin governance and transparency.
Legal observers warn the outcome could set a landmark precedent for bankruptcy recoveries in the crypto sector, reshaping how seized digital assets and cross-platform disputes are adjudicated.
TURKEY’S DEFI DEAD ZONE: PANCAKESWAP BAN
On July 10, Turkey’s Capital Markets Board ordered ISPs to block access to PancakeSwap and 45 other unlicensed crypto platforms, citing consumer protection concerns and regulatory non-compliance under the nation’s strict digital asset laws.
PancakeSwap, a leading decentralized exchange on Binance Smart Chain, saw Turkish traffic collapse overnight as users scrambled for VPN alternatives.
Crypto advocates accused Ankara of stifling innovation and driving traders underground, warning that heavy-handed measures could undermine the ecosystem’s growth.
The crackdown exemplifies a broader global trend of governments grappling with DeFi, balancing the need for consumer safeguards against the desire to capture onshore tax and development benefits.
KAZAKHSTAN’S BITCOIN TROVE: NATIONAL CRYPTO RESERVE
On July 8, Kazakhstan announced plans to establish a national cryptocurrency reserve, pooling seized digital assets and state-mined coins under central bank management to strengthen foreign exchange reserves and support new mining regulations.
The move leverages Kazakhstan’s 13% share of the global Bitcoin hash rate, formalizing crypto as a strategic national resource.
Economists have voiced concerns over transparency and the risks of holding volatile digital assets on a sovereign balance sheet, urging clear disclosure and risk-management frameworks.
If executed effectively, Kazakhstan could become the first nation to institutionalize digital currencies at scale, potentially inspiring similar initiatives across Eastern Europe and Central Asia.
And that wraps up this week’s news from the crypto world. As you enjoy your Sunday and take a well-earned break, we encourage you to share your insights in our MNO TalkBack poll. Your feedback is invaluable, as it directly shapes our content strategy and helps us focus on the subjects that matter most to you.
We look forward to connecting with you again next Sunday for a new installment of the Weekly CryptoNews Digest. It will be packed with detailed analysis of market trends, crucial data, and strategic insights to support your financial journey. In the meantime, we wish you continued success in managing and securing your digital assets.
Your engagement and passion are the foundation of what makes MNO successful. We are deeply grateful for your essential role in our community; your perspective and support are what drive our mission forward. For Money Lovers, always.
Filed under Cryptocurrencies, Daily News by on Jul 13th, 2025. 
