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One of the biggest reasons behind Ethereum’s current rally is a spike in institutional interest. Big companies like SharpLink Gaming and BitMine have made large purchases of ETH, as if they were buying up all the chocolate in Willy Wonka’s factory. SharpLink recently added over 91,000 ETH to its balance sheet, and BitMine—backed by the ever-so-clever Peter Thiel’s Founders Fund—now holds more than $500 million worth of ETH. These moves reduce the available supply of Ethereum and show that major players see ETH as a valuable long-term asset, much like a golden ticket to the future of finance.

XRP is about to pass $200 billion in market capitalization for the first time.

On July 17, 2025, the wallet tied to this notorious cybercriminal re-emerged with some on-chain activity, moving 4,770 ETH (worth about $16 million at current prices) across two addresses. This marks the first activity from the attacker since the February breach of the crypto-focused neobank, which resulted in the loss of $49.5 million in USDC (USDC).

As of now, DOGE resides at a modest $0.196—still far from its glory days, but ever so slightly above that long-established trendline that has shackled it for the better part of seven months. Could this mark the beginning of something truly epic? Time, that elusive and fickle creature, will tell.

Rep. Maxine Waters called recent legislative proposals like the Anti-Surveillance State Act and the GENIUS Act dangerous, warning they would empower malicious actors and delay digital currency development. Rep. Stephen Lynch went further, stating that cryptocurrencies have fueled ransomware attacks and offer no value beyond enabling illicit finance. He said the crypto sector should be treated as a systemic scam. 🤦‍♂️

Ethereum’s price soared past the $3,000 mark this week, fueled by a confluence of macroeconomic events, favorable technical signals, and rising investor optimism. This breakout follows months of consolidation, as ETH struggled to maintain a price above the $2,800 level.

XRP saw a major transaction on 16 July as 25.5 million tokens, worth $73.6 million, were moved from an unknown wallet to Coinbase. This coincided with a daily net outflow of $9.69 million from spot markets, extending XRP’s persistent trend of exchange outflows. 

The DEA, those dogged pursuers of dope and dollars, have been hot on the trail of the Sinaloa Cartel, one of the most notorious gangs to ever smuggle a kilo of cocaine across the border. And in a recent sting, they managed to lasso a whopping $10 million in cryptocurrency, the spoils of the cartel’s illicit activities. 💸

On the first day of the Web3 Summit 2025 on July 17, Wood discussed the protocol’s plans to launch a fully decentralized stablecoin. The stablecoin, which will be pegged to the project’s native token DOT (DOT), is designed to advance capital efficiency and scalability.

As we gaze upon the chaotic tapestry of the markets, TRON (TRX) finds itself precariously perched at $0.31, a modest yet promising surge of 3.20% in the last 24 hours, its ascent almost languid like a weary protagonist climbing a moral hill! The $0.32 mark looms ahead, whispering sweet nothings as traders acknowledge this dubious area of resistance. What folly lies within these charts and figures, as a pattern of higher lows attempts to make sense of the madness? ⚖️