Bhutan is once again capitalizing on the cryptocurrency market. The small Himalayan kingdom has accelerated the liquidation of its crypto assets, selling over 512.84 Bitcoin (BTC), valued at $59.47 million, in the past four days, according to blockchain analytics platform Lookonchain. This move occurred as BTC prices climbed to over $123,000. Despite these sales, Bhutan still possesses a substantial reserve of 11,411 BTC, currently worth over $1.4 billion, as reported by Lookonchain.

Benchmark analysts suggest the CLARITY Act could be a pivotal moment for digital asset markets, potentially sparking significant institutional investment. The act, designed to establish a clear regulatory landscape for digital assets in the U.S., will classify cryptocurrencies as either commodities or securities. According to a recent report, this legislation could provide traditional financial institutions, hesitant due to regulatory ambiguity, with the clarity needed to enter the crypto space.

Binance is set to launch a new token sale model within its Wallet, leveraging a bonding curve mechanism for price discovery through a partnership with the Four.Meme ecosystem, scheduled to go live on July 15. This move positions Binance to compete with platforms like Pump.fun and Bonk.fun in the meme coin space. Bonding curves automatically adjust token prices based on real-time demand, meaning that increased buying activity drives prices higher.

Digital asset investment products witnessed a massive $3.7 billion influx last week, marking the second-largest inflow on record, according to CoinShares data. This surge nearly matches the peak seen in the week ending December 6th of the previous year, which exceeded $4 billion, as highlighted in their latest weekly report. This marks the 13th consecutive week of positive flows, pushing total assets under management (AUM) beyond $200 billion to a new high of $211 billion.

Hedge funds are aggressively shorting Ether (ETH) around the $3,000 mark, capitalizing on a basis trade strategy to generate yield. Data indicates a significant build-up of short positions. According to data reported by the Block and sourced from the CFTC, hedge funds have amassed a substantial $1.73 billion in Ether short positions on the CME, a platform favored by institutional investors.

XRP (XRP) is poised for significant price fluctuations this week, potentially exceeding a 10% rise or fall, as Capitol Hill focuses on crypto legislation during 'Crypto Week.' This anticipation is reflected in the token's implied volatility index.

BONK experienced a significant 12% surge within a 24-hour period, initially climbing from $0.0000250 to $0.0000281 before settling at $0.0000265, representing a 6.2% increase. This Solana-based meme token's rise coincides with news of Grayscale Investments including BONK in its expanded institutional monitoring framework. This inclusion suggests growing interest from asset managers and the potential for future investment products. Trading activity intensified around 15:00 UTC on July 13, culminating in a high-volume breakout by 05:00 UTC on July 14.

Omkar Godbole reports (all times ET unless otherwise stated) that the cryptocurrency market is experiencing widespread gains, with major coins extending rallies that began two weeks prior. Bitcoin (BTC) has surpassed $122,000, setting a new record and outperforming gold as the top-performing asset of 2025. While the crypto community anticipates targets between $140,000 and $200,000, some experts advise caution. Marcin Kazmierczak of Redstone warns that parabolic moves often lead to sharp corrections, emphasizing the importance of professional discipline over euphoria, despite the industry's advancements.

NEW YORK – The criminal trial of Tornado Cash developer Roman Storm is set to begin this Monday in Manhattan. Lawyers and prosecutors will commence jury selection for the four-week trial. Storm was arrested in Washington state in 2023 and faces charges of conspiracy to commit money laundering, conspiracy to violate U.S. sanctions, and conspiracy to operate an unlicensed money transmitting business.

NEAR Protocol has experienced a notable upswing, climbing 6.7% in the last 24 hours as the broader altcoin market shows signs of revitalization following Bitcoin's recent peak at $123,000. Fueled by anticipation of a potential "altcoin season," several cryptocurrencies, including NEAR, are benefiting from renewed investor interest. NEAR's price increased from $2.55 to $2.66 within the past day, reflecting a 7% gain.

Crypto wallet provider SafePal and decentralized exchange (DEX) aggregator 1inch are collaborating to distribute free hardware wallets, rewarding active decentralized finance (DeFi) users and promoting enhanced security. This initiative circumvents the challenges often associated with traditional token airdrops, focusing instead on fostering genuine engagement. The giveaway will feature 300 limited-edition, co-branded hardware wallets, awarded to users who interact with 1inch through SafePal’s mobile wallet swap aggregator.

MoonPay, a cryptocurrency payments platform, has integrated with Revolut Pay, enabling users in the UK and Europe to seamlessly purchase digital assets with a single click directly from their Revolut accounts. This integration streamlines transactions for users of neobanking apps like Revolut, a leading fintech innovator. By leveraging Revolut's biometric ID and passcode authentication, the integration reduces common pain points for crypto buyers, such as card declines and identity verification delays.

ATOM experienced significant price volatility on Monday, fluctuating between $4.64 and $4.85. This movement occurred amid a general positive market sentiment, spurred by Bitcoin (BTC) reaching a new high of $123,000. The ATOM price action displayed a classic V-shaped recovery, initially declining to $4.64 before rebounding to the resistance level of $4.85. It's important to note that ATOM's current price remains considerably lower than its previous peak of $44.55 during the last altcoin season.

Filecoin (FIL) has climbed, increasing 3.74% to $2.64 in the last 24 hours, signaling a clear uptrend pattern. CoinDesk Research's technical analysis highlights this trend, noting the formation of progressively higher lows.

Aave's native token, AAVE, the digital asset powering the decentralized finance (DeFi) lending platform, experienced a significant surge to multi-month highs on Monday. The blue-chip DeFi token briefly surpassed $330 before settling around $316, marking an 8% gain over the weekend. This rally coincides with a revitalized DeFi sector amid a broader crypto market uptrend, with Bitcoin (BTC) achieving new record highs above $72,000.

MicroStrategy (MSTR), the leading publicly traded corporation with significant Bitcoin (BTC) investments, has further solidified its position by acquiring an additional 4,225 BTC. This acquisition, valued at $472.5 million, significantly increases the company's already substantial BTC reserves. With this latest purchase, MicroStrategy's total Bitcoin holdings have reached an impressive 601,550 BTC. These holdings were acquired at an aggregate purchase price of $42.87 billion, resulting in an average cost of $71,268 per Bitcoin.

BitMine Immersion Technologies (BMNR), helmed by Fundstrat's Tom Lee and focused on Ethereum (ETH) strategies, rapidly converted capital into cryptocurrency. The Las Vegas-based company experienced a surge of up to 40% in its share price following the announcement of holding 163,142 ETH, valued at approximately $500 million. This marks a significant increase from the $250 million raised through a private placement on July 9th.

Grayscale Investments has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), indicating its intention to pursue an initial public offering (IPO). The digital asset manager, a subsidiary of Barry Silbert's Digital Currency Group, did not release specific details of the filing. According to a press release, the registration is anticipated to proceed following the SEC's review process, contingent upon market conditions and other factors.

Risk assets, including cryptocurrency, generally benefit from looser monetary policy. Bitcoin recently surged above $120,000, coinciding with increased pressure on U.S. Federal Reserve Chairman Jerome Powell. Some speculate that this rally is linked to calls for Powell's resignation or removal, fueled by disagreements over monetary policy and scrutiny of the Fed's spending.

Bitcoin mining stocks spearheaded the gains in the crypto equity market during early Monday trading, fueled by Bitcoin's climb to a new peak, just shy of $123,000 before a slight correction to under $122,000. MARA Holdings (MARA) experienced a surge of almost 10%, trading around $20.95 shortly after the market opened. CleanSpark (CLSK) also saw significant gains, climbing nearly 7.5% to reach $13.59.

CoinDesk Indices provides the latest market insights, focusing on the top and bottom performers within the CoinDesk 20 Index. Currently, the CoinDesk 20 stands at 3688.41, reflecting a 3.2% increase (+115.64) since 4 p.m. ET on Friday. Seventeen out of the twenty assets included in the index are showing positive movement. Top gainers include XLM (Stellar) with a significant 20.8% increase and HBAR (Hedera Hashgraph) with a notable 19.1% rise.

As a former Governor of Virginia and a lifelong Democrat, I believe our party should champion growth, innovation, and economic empowerment. Therefore, I'm concerned by the hesitance of many Democrats towards blockchain and cryptocurrency, a transformative financial innovation. Blockchain and crypto are already generating jobs nationwide, from data centers to fintech startups, and fostering economic opportunity, especially in underserved communities. Public opinion polls show strong support for clear crypto regulations.

CoinDesk Indices provides its daily market overview, focusing on the top and bottom performers within the CoinDesk 20 Index. The CoinDesk 20 currently stands at 3513.86, marking a 5.3% increase (+176.17) since 4 p.m. ET on Thursday. All 20 assets included in the index are experiencing positive trading activity. Leading the gains are HBAR (+13.5%) and ADA (+12.6%), while AAVE (+2.1%) and SUI (+2.4%) are showing more modest increases. The CoinDesk 20 is a widely tracked index available on various platforms worldwide.

XRP experienced a significant rally, climbing 8% from $2.58 to $2.78 between July 11th and 12th. The price reached an intraday high of $2.96 before retracing. Afternoon trading saw exceptional volume, exceeding 375 million between 13:00 and 15:00, with buyers consistently defending the $2.70-$2.75 level. A substantial $14.03 million leveraged long position was opened on Hyperliquid at $2.30, indicating aggressive positioning by a large whale.

Bitcoin's ascent to new all-time highs, coupled with widespread cryptocurrency gains, is being reinforced by a surge in stablecoin supply, suggesting a robust foundation for this rally. Data from TradingView reveals that Tether's USDT and Circle's USDC, the leading dollar-pegged stablecoins, have both achieved record supply levels this week. Since the beginning of July, USDC's market capitalization has increased by $1.3 billion, reaching $62.8 billion, while USDT has grown by $1.4 billion, approaching $160 billion.