Top 5 Crypto News of the Week! (07 - 13 July)
Dear PointPay Family,
This week in the world of cryptocurrencies will be remembered for events, news and new records! To help you keep up with the latest developments in the cryptosphere, we recommend reading our selection of the top five most important and interesting news stories of the week. TL;DR format!
Bitcoin Hits $112K in Historic Rally Driven by ETF Momentum
Bitcoin surged to a record $112,000, breaking a long-standing resistance level and lifting the broader crypto market. The rally comes amid growing institutional interest, with over $1.2 billion flowing into spot Bitcoin ETFs since early July. Analysts point to increasing investor confidence and supportive U.S. regulatory developments as key factors behind the price jump. Ethereum also gained momentum, rising to $2,800-the highest in a month. The sharp price action triggered over $480 million in liquidations across crypto markets, highlighting renewed volatility amid bullish sentiment.
Unusual $8B Bitcoin Transfer Raises Security Concerns
A massive transfer of long-dormant Bitcoin wallets-valued at over $8 billion-has sparked speculation about a possible hack. According to Coinbase's Conor Grogan, on-chain data suggests the wallets, inactive for more than a decade, may have been accessed using compromised private keys. Prior to the movement, one of the addresses made a subtle test transaction on the Bitcoin Cash network, which Grogan interprets as a covert check of wallet access. The incident is fueling debate across the crypto community, especially given the size and age of the holdings, which date back to when Bitcoin traded below $1.
BlackRock's Bitcoin ETF Becomes Largest Corporate Holder
BlackRock's iShares Bitcoin Trust (IBIT) has overtaken MicroStrategy as the largest corporate holder of Bitcoin, now managing nearly 700,000 BTC-worth around $75.8 billion. The milestone comes just 18 months after IBIT's launch, marking a rapid shift in institutional dominance. The ETF now accounts for over 3.3% of Bitcoin's circulating supply and generates annual fees exceeding $187 million, outpacing some of BlackRock's traditional products. Meanwhile, MicroStrategy remains committed to expanding its position, launching a $4.2 billion funding plan as part of its ambitious long-term Bitcoin acquisition strategy.
Bitcoin ATM Expansion Signals Strengthening Global Adoption
More than 1,000 new Bitcoin ATMs were installed globally in the first half of 2025, reflecting a renewed push in crypto infrastructure development. According to Finbold, the total number of ATMs rose to 38,726 by June 30. The US market, which experienced a decline early in the year, bounced back in Q2 with 513 new installations. Australia led in growth rate, while Canada and Europe also reported steady increases. Analysts tie the trend to improving regulation and increasing public interest in decentralized finance.
Nvidia's Market Cap Surpasses Entire Crypto Sector
Nvidia has reached a $4 trillion market valuation, officially making it more valuable than the entire global cryptocurrency market combined. This milestone places the AI powerhouse ahead of the economies of nearly every nation except the US, China, Germany, India, and Japan. Its value now exceeds the combined worth of Tesla, JPMorgan, Netflix, and other major US companies, as well as the total spending on global defense. While the crypto sector remains strong-with Bitcoin leading at a $2.17 trillion market cap-Nvidia's rise underscores the shifting landscape of tech dominance.
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