Bitcoin held steady at around $108,000 this week after briefly topping $110,000. While retail investors appear quiet (for now), ETFs continue to grow, with most shares ultimately tied to everyday investors through advisors and funds.
The action isn’t dead: Self-custody thrives globally, and the U.S. just saw its first Solana staking ETF launch with $12 million in day-one inflows, a bullish sign for crypto’s ETF future.
What’s driving these shifts? Dive deeper into this week’s crypto shakeups below!
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (June 29-July 5, 2025)
- Bitcoin Price on the Brink: Key Breakout Could Launch BTC to $165K
- WLFI Seeks Decentralization as Trump Cuts Stake Amid Political Scrutiny
- Ripple Moves Closer to Banking Status with US License Application
- FTX Seeks Court Approval to Pause Crypto Payouts in Legally Unclear Regions
- Could Stablecoins Undermine the Dollar? Amundi Sounds the Alarm on New U.S. Bill
- IMF Blocks Pakistan’s Crypto Mining Push Over Power Subsidy Concerns
Bitcoin Price on the Brink: Key Breakout Could Launch BTC to $165K
Bitcoin is gaining momentum, hovering around $108K and showing strong bullish signals both technically and on-chain. Analysts point to $116,000 as a critical resistance level—if broken, it could trigger a surge to $165,000, representing a 52.5% increase. Key indicators, such as the MACD, RSI, and moving averages, support an upward movement, while historical patterns suggest there is still room for growth in this bull cycle. A breakout from a forming bull flag pattern may accelerate gains, and rare inactivity from long-term cycle indicators hints that Bitcoin's peak may still be ahead.
WLFI Seeks Decentralization as Trump Plans to Make Token Transferable
World Liberty Financial (WLFI), a DeFi protocol linked to Donald Trump’s family, has proposed making its governance token transferable and tradable. The move aims to shift WLFI from a closed, centralized structure to a more open, decentralized model, allowing token trading on DEXs and peer-to-peer networks. If passed, holders could vote on emissions, treasury policy, and incentives. Meanwhile, the Trump family reduced its stake by 20% despite the president earning $57M from WLFI. With Trump’s crypto ventures drawing political heat, decentralizing WLFI could ease regulatory pressure and promote broader ecosystem participation.
Ripple Moves Closer to Banking Status with US License Application
Ripple Labs is taking a major step toward legitimacy in traditional finance by applying for a national banking license with the US Office of the Comptroller of the Currency (OCC). CEO Brad Garlinghouse confirmed the move, highlighting the firm's commitment to compliance and trust, especially in the stablecoin market. Ripple is also seeking a Federal Reserve Master Account to hold reserves for its RLUSD stablecoin directly. This follows Circle’s similar move and comes as the US Senate advances regulation under the GENIUS Act. The news pushed XRP up by over 3% amid growing optimism.
FTX Seeks Court Approval to Pause Crypto Payouts in Legally Unclear Regions
The FTX bankruptcy estate has requested that a U.S. court impose a freeze on creditor payouts in 49 countries with restrictive or unclear cryptocurrency laws, including China, Russia, and Iran. These restrictions could expose the FTX Recovery Trust to legal penalties, including fines or imprisonment, if crypto distributions violate local regulations. While the estate isn't permanently blocking payments, it aims to delay them until legal clarity is achieved. Notably, claims from China account for 82% of the affected value. The motion highlights the legal risks of cross-border crypto payouts during FTX’s bankruptcy proceedings.
Could Stablecoins Undermine the Dollar? Amundi Sounds the Alarm on New U.S. Bill
The GENIUS Act, aimed at regulating stablecoins, may backfire and weaken the U.S. dollar’s global dominance, warns Amundi, Europe’s largest asset manager. By requiring full collateralization of dollar-backed stablecoins, the bill could unintentionally boost these digital assets as dollar alternatives, raising doubts about the greenback’s strength. Amundi’s CIO cautions that tech firms like Apple and X entering the stablecoin space could turn them into quasi-banks, destabilizing global finance. While some see the act as a boost for tokenization and real-world assets, critics fear it could disrupt the very system it aims to strengthen.
IMF Blocks Pakistan’s Crypto Mining Push Over Power Subsidy Concerns
Pakistan’s ambitious plan to use its surplus electricity for Bitcoin mining has been stalled after the IMF rejected a proposal to offer subsidized power to miners. The IMF warned that such subsidies could destabilize the country’s fragile energy market and deepen economic imbalances. Despite having excess winter electricity, Pakistan’s proposed marginal-cost tariff aimed to attract crypto and AI investments. While the plan isn’t entirely scrapped, it’s now under review by the World Bank and others. Pakistan remains committed to its digital pivot, even eyeing DeFi-generated yields to grow a national Bitcoin reserve.
Risk warning: Investing in or trading cryptocurrency is subject to high market risk. Hence, you might lose your money in the process. Please conduct thorough research and plan your investments carefully. We at MelegaSwap will make our best efforts to list high-quality and potential coins, but we are not responsible for any losses you may incur.
Trade with the best decentralized AMM cryptocurrency exchange
Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If so, then Melega Finance is a good fit for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options for trading and earning free tokens at high interest rates and low fees.
At Melega, nobody manages your funds for you because you manage them directly from your wallet. Smart contracts transparently handle everything else.
Learn More About the Melega Ecosystem
DAPP: https://melega.finance/
Website: https://melegaswap.finance
Crypto Services Hub: https://melega.space/
Telegram: https://t.me/melegacommunity
X: https://twitter.com/meleganews
Binance Square Page: https://www.binance.com/en/feed/profile/212703589
Instagram: https://www.instagram.com/melega.finance/
YouTube: Melega Finance Official
