Crypto Weekly Recap: ETH Eyes $4K Short Squeeze; Crypto Clarity Bill Clears House; Grayscale Files Confidential IPO; and More (July 13–19, 2025)

By MelegaSwap | Fresh Crypto News | 20 Jul 2025


Optimistic regulatory moves took center stage this week as the U.S. government’s “Crypto Week” pushed three major Web3 bills through the House, boosting investor confidence. 

Bitcoin price surged past Amazon’s $2.3T valuation, becoming the world’s fifth-largest asset, while total crypto market cap neared $4T, just behind Nvidia. Satoshi Nakamoto even entered the world’s top 15 richest after BTC hit $120K this week.

Read more. Don’t miss this week’s full recap of the biggest stories driving crypto’s next chapter.

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 (July 13-19, 2025)

  • US House Approves Landmark Crypto Legislation Amid Political Tensions  
  • Grayscale Files Confidential IPO Amid Crypto Market Expansion
  • Major Crypto Firms Attended White House Signing of Landmark Stablecoin Bill
  • Ethereum's Historic Short Squeeze Fuels $4,000 Price Target  
  • Satoshi-era Bitcoin Whale Moves $9.6B to Galaxy Digital Amid Record Highs
  • Crypto Regret: Portnoy's Premature XRP Sale Costs Millions 

US House Approves Landmark Crypto Legislation Amid Political Tensions  

The US House of Representatives passed three significant cryptocurrency bills with bipartisan backing before its August recess. The CLARITY Act (294-134 vote) establishes regulatory frameworks for crypto markets, while the GENIUS Act (308-122) focuses on stablecoin oversight. The more contentious Anti-CBDC Surveillance State Act (219-210) prohibits federal development of a central bank digital currency. Despite substantial Democratic support for the first two bills, the anti-CBDC measure revealed stark partisan divides. Industry advocates hailed the legislation as progressive, but critics like Rep. Maxine Waters cautioned against deregulation risks reminiscent of the 2008 financial collapse. The bills now advance to the Senate, with President Trump poised to expedite the GENIUS Act’s implementation.

Grayscale Files Confidential IPO Amid Crypto Market Expansion

Grayscale, a leading crypto asset manager, has confidentially filed for a U.S. IPO to pursue public funding via stock offerings or convertible notes, following strategies used by firms like MicroStrategy and GameStop. This move comes weeks after stablecoin issuer Circle’s $1.05 billion NYSE debut, which valued it at $6.9 billion. Both filings align with pending U.S. regulatory reforms during "Crypto Week," including three bills targeting stablecoin clarity and CBDC restrictions. Analysts view these IPOs as indicators of institutional confidence in crypto’s evolving role in mainstream finance, accelerated by favorable regulations under the current administration.

Major Crypto Firms Attended White House Signing of Landmark Stablecoin Bill

The U.S. House passed three crypto-related bills, including the GENIUS Act, which establishes federal oversight for stablecoins. Executives from Circle, Ripple, Chainlink, Anchorage Digital, and Multicoin Capital attended the White House signing ceremony on July 19, 2025. The GENIUS Act takes effect 18 months post-regulatory finalization, likely delaying its impact until after midterm elections. Two companion bills (CLARITY Act and Anti-CBDC Surveillance State Act) face Senate hurdles amid Democratic objections over potential conflicts of interest tied to Trump-linked ventures. The legislation marks a pivotal step toward institutionalizing crypto assets in U.S. financial systems.

Ethereum's Historic Short Squeeze Fuels $4,000 Price Target  

Ether (ETH) is undergoing a record-breaking short squeeze, with analysts predicting a surge to $4,000. A 10% price rise could liquidate $1 billion in leveraged short positions, accelerating gains. ETH has rallied 20% weekly and 150% from its 2025 low, nearing $3,610. Meanwhile, Bitcoin’s market dominance fell to 61.4%—its lowest since March—as capital shifts to altcoins like ETH and XRP. Analysts warn the squeeze may intensify, though traders caution eventual capital rotation back to Bitcoin if markets destabilize.

Satoshi-era Bitcoin Whale Moves $9.6B to Galaxy Digital Amid Record Highs

A Satoshi-era Bitcoin holder transferred 80,201 BTC (worth $9.6 billion) to Galaxy Digital over four days, including two 40K BTC transactions. The whale, inactive for 14 years, began moving funds as Bitcoin hit a new all-time high of $122,000. Komodo Platform’s CTO Kadan Stadelmann speculated the moves could secure profits, fund ventures, or reflect unease with Bitcoin’s institutional adoption. While 6,000 BTC went to exchanges like Binance, analysts suggest the whale may not fully liquidate, instead reorganizing holdings. Separately, Bitcoin creator Satoshi Nakamoto’s theoretical $131 billion stash now ranks 11th on Forbes’ wealth list.

Crypto Regret: Portnoy's Premature XRP Sale Costs Millions  

Barstool Sports founder Dave Portnoy sold his XRP holdings at $2.40 weeks before the cryptocurrency surged 19.6% to $3.60, a yearly high, costing him potential millions. Portnoy admitted he acted on advice to sell due to competition fears with Circle, despite lacking conviction in XRP’s long-term value. The rally coincided with Ripple Labs’ U.S. bank charter application and broader crypto market gains, including Bitcoin surpassing $112,000. Legislative momentum, including three pro-crypto bills passing the House, further fueled the uptrend. Over $68 million in XRP short positions were liquidated during the spike.  

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