Top 5 Crypto News of the Week! (06 - 12 July)
Dear PointPay Family,
This week's news, curated just for you so you don't miss anything important or interesting in the world of cryptocurrency. Dive into our roundup in a convenient TL:DR format and be ready for anything!
Trump's Memecoin Generates Millions While Most Investors Face Heavy Losses
Donald Trump's official $TRUMP memecoin has created a sharp contrast between insider gains and investor performance. Financial disclosures show the U.S. president received $636 million tied to the token, contributing to more than $1.4 billion in reported crypto-related income through token sales and associated projects.
Meanwhile, on-chain data indicates that nearly 989,000 wallets - roughly two-thirds of all buyers - are currently in the red, with combined losses estimated at $3.81 billion. As the token continues trading far below its peak, the figures highlight the widening gap between early beneficiaries and the majority of retail investors.
Strategy Reduces Bitcoin Holdings After Selling $216 Million Worth Of BTC
Strategy has trimmed its Bitcoin treasury after selling 3,588 BTC between June 29 and July 5, raising approximately $216 million. The company used the proceeds to support dividend payments for its Digital Credit securities, marking a temporary shift from its long-standing accumulation strategy.
Following the transactions, Strategy's Bitcoin reserves declined to 843,775 BTC. While Executive Chairman Michael Saylor continues to advocate for Bitcoin's long-term value, the latest filing shows the company is actively balancing its treasury management with broader corporate financial objectives.
Geopolitical Tensions Weigh On Bitcoin As Oil Prices Climb
Cryptocurrency markets moved lower after renewed military escalation between the United States and Iran fueled a broader shift away from risk assets. Bitcoin slipped alongside Ethereum, XRP, and Solana as investors reacted to the rising geopolitical uncertainty and a stronger U.S. dollar.
At the same time, oil prices climbed on concerns over potential supply disruptions, adding to inflation fears and expectations of tighter monetary policy. Higher energy costs and the prospect of elevated interest rates continue to pressure cryptocurrencies and other risk-sensitive assets.
Japanese Companies Increase Bitcoin And XRP Holdings As Yen Weakens
Japanese businesses are expanding their exposure to Bitcoin and XRP as the weakening yen encourages companies to diversify their reserves. According to SBI VC Trade, corporate clients are increasingly using digital assets as part of shareholder reward programs rather than for short-term trading.
The exchange also surpassed two million registered accounts following its integration with BITPoint Japan, strengthening its position in the country's crypto market. Alongside its expanding staking services and regulated stablecoin offerings, SBI continues to build a broader blockchain ecosystem aimed at accelerating institutional adoption.
Hoskinson Accuses Ethereum Of Adopting Cardano's Technology Without Recognition
Cardano founder Charles Hoskinson has criticized Ethereum developers, claiming a newly proposed efficiency upgrade closely resembles technology pioneered by the Cardano network. He argues that Ethereum is adopting key elements of Cardano's transaction model without acknowledging its origins.
The debate began after an Ethereum researcher introduced a proposal designed to significantly reduce long-term blockchain data storage. Although the proposal has gained attention within the developer community, it remains in the research stage and would require extensive review before any implementation.
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