Bitcoin plunged to $112k this week, erasing gains from its recent $118k peak. Despite the dip, analysts remain steadfast, projecting a rebound to $135k by year-end and $150k in this bull cycle. Ether mirrors this dichotomy: while struggling below $4k, its ascending triangle pattern suggests a staggering $16.7k target, buoyed by institutional appetite and technical strength.
Friday’s $812M ETF outflow, the second-largest on record, highlighted mounting pressure. Fidelity ($331M) and ARK Invest ($328M) led the retreat, slashing cumulative inflows to $54B. Yet BlackRock’s IBIT saw only a $2.58M loss, hinting at uneven panic.
Read more. Don’t miss this week’s full recap of the biggest stories driving crypto’s next chapter.
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TOP CRYPTO NEWS RECAP (July 27- August 2, 2025)
- Mill City Ventures Expands $500M SUI Token Investment Despite Share Drop
- SEC Chair Atkins Urges ‘Reshore Crypto’ as Firms Return to US
- Tether’s US Treasury Holdings Soar to $127B, Surpassing South Korea
- US SEC Launches ‘Project Crypto’ to Modernize Digital Asset Regulations
- Samourai Wallet Co-Founders to Plead Guilty in US Crypto Charges
- eToro to Tokenize Top 100 US Stocks on Ethereum for 24/5 Trading
Mill City Ventures Expands $500M SUI Token Investment Despite Share Drop
Mill City Ventures III announced a $500 million equity deal to boost its SUI token holdings, adding to an earlier $276 million purchase of 76.2 million SUI units. The investment aims to strengthen Mill City’s position as a leading institutional holder of SUI, tied to the Sui blockchain known for AI and gaming applications. However, the announcement caused Mill City’s shares to fall by over 11% despite a recent 165% rise since unveiling the strategy. The move reflects a growing trend of crypto firms diversifying beyond Bitcoin and Ethereum.
SEC Chair Atkins Urges ‘Reshore Crypto’ as Firms Return to US
SEC Chair Paul Atkins called for reshoring crypto businesses that left the US, signaling a pro-crypto shift under the Trump administration. Treasury Secretary Scott Bessent dubbed this the “golden age of crypto,” encouraging firms to launch and grow domestically. Responding to clearer regulations, global companies like Nexo, Deribit, OKX, and Bitmain are returning or expanding US operations. Meanwhile, US firms Kraken and MoonPay are growing their domestic presence, highlighting a trend toward making the US a global hub for digital assets.
Tether’s US Treasury Holdings Soar to $127B, Surpassing South Korea
Tether’s US Treasury holdings reached $127 billion in Q2 2025, making it the 18th-largest global holder and surpassing South Korea’s $124.2 billion. This marks a $7 billion increase from Q1 and reflects Tether’s growing market cap, which surged 19% to $163.6 billion in 2025. The expansion underscores rising global demand for Tether’s USDT stablecoin and boosts market confidence in its reserve backing. Tether CEO Paolo Ardoino highlighted the milestone as proof that trust in the stablecoin continues to accelerate.
US SEC Launches ‘Project Crypto’ to Modernize Digital Asset Regulations
SEC Chair Paul Atkins unveiled “Project Crypto,” an initiative to update SEC rules for digital assets, following recommendations from the White House’s President’s Working Group on Digital Assets. The project aims to create clearer regulations by easing licensing, distinguishing commodities from securities, and providing grace periods for early-stage crypto projects. Atkins emphasized protecting self-custody rights and avoiding forcing decentralized autonomous organizations (DAOs) on businesses. This move marks a shift toward pro-crypto regulation, positioning the US as a leader in blockchain finance and on-chain markets.
Samourai Wallet Co-Founders to Plead Guilty in US Crypto Charges
Samourai Wallet co-founders Keonne Rodriguez and William Lonergan Hill will change their pleas to guilty in charges related to their crypto mixing service. Initially pleading not guilty in April 2024, they face accusations of running an unlicensed money-transmitting business processing over $2 billion, including illicit transactions linked to Silk Road. The charges carry up to 25 years in prison. Their plea change comes after failed attempts to dismiss the case and amid ongoing trials of other crypto mixer creators, highlighting regulatory risks for privacy-focused crypto tools.
eToro to Tokenize Top 100 US Stocks on Ethereum for 24/5 Trading
eToro plans to launch the 100 most popular US stocks and ETFs as ERC-20 tokens on the Ethereum blockchain, enabling 24/5 trading and integration with DeFi protocols. Users will be able to buy tokenized stocks, transfer them to self-custody wallets, and use them within decentralized finance. This move aims to democratize finance by increasing asset accessibility and transparency. eToro’s initiative follows growing interest in tokenizing real-world assets, with other platforms like Robinhood and Backed Finance also expanding tokenized stock offerings.
NEWS FROM MELEGA ECOSYSTEM
$Marco Is Ready For The Bull Run!
The Melega Ecosystem had a bullish week, with top crypto KOLs backing the $MARCO token for its long-term potential. MARCO is a micro-cap "hidden gem" at an early-stage price. It surged +1200% to $0.012 two weeks ago and is currently trading around $0.00295 after a 15% dip. Accumulate, stake, farm, and support $MARCO's future.
qwadroX (qwrx) Farm & Pool Starts on MelegaSwap
QWRX isn’t just another token — it’s the engine of Qwadrox, a cutting-edge Web3 game blending play-to-earn (P2E), DeFi mechanics, and NFT integration in a sci-fi metaverse.
XRP (XRP) Farming Starts on MelegaSwap
Users can now stake and farm XRP on MelegaSwap to earn more tokens. XRP is a digital cryptocurrency that was designed to facilitate fast, low-cost international payments, particularly for financial institutions.
Bonk (BONK) Farming Starts on MelegaSwap
Bonk (BONK) is a meme coin launched on the Solana blockchain, aiming to be the "dog coin of the people". It distinguishes itself by distributing 50% of its total supply via airdrop to the Solana community.
Baby Doge Coin (BabyDoge) Farming Starts on MelegaSwap
Baby Doge Coin is a cryptocurrency, specifically a meme coin, that runs on the BNB Chain. It was initially created as a joke but aims to promote animal adoption. It is designed to be a deflationary token, meaning the total supply decreases over time.
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.
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