Crypto & Blockchain Daily Brief Saturday, July 12, 2025

Bitcoin surged to a new all-time high of over $23,000 as President Donald Trump urged the Federal Reserve to make aggressive interest rate cuts. The cryptocurrency's price skyrocketed on the back of growing institutional interest and a weakening US dollar. Trump's call for the Fed to lower interest rates to zero or even negative levels has fueled concerns about the dollar's strength and stability, prompting investors to seek alternative assets like Bitcoin as a hedge against inflation. The soaring price of Bitcoin reflects a broader trend of institutional adoption and acceptance of cryptocurrencies as a legitimate store of value and investment asset. Major financial institutions, including PayPal and Square, have embraced Bitcoin, driving mainstream acceptance and adoption. The recent rally in the cryptocurrency market has also been supported by a wave of retail investors looking to capitalize on the potential for high returns. Bitcoin's rally to new highs has reignited debate about its long-term value and potential as a safe-haven asset. Critics warn of the risks associated with investing in a highly volatile and speculative asset like Bitcoin, while supporters argue that its limited supply, decentralization, and growing adoption make it an attractive investment option. The ongoing economic uncertainty and unprecedented monetary stimulus measures implemented by central banks around the world have bolstered Bitcoin's appeal as a hedge against inflation and currency devaluation. As Bitcoin continues to break new records, its role as a digital gold and alternative investment asset is becoming increasingly prominent in the global financial landscape. The convergence of institutional interest, macroeconomic trends, and geopolitical developments is driving Bitcoin's ascent to new heights and solidifying its position as a mainstream financial instrument.

The article discusses the top 12 "memecoins" of July 2025, which are cryptocurrencies that have gained popularity due to their meme-based marketing and community engagement. These memecoins are known for their quirky names and playful branding that often involve memes and internet culture references. The list includes coins such as Dogecoin, Shiba Inu, and Floki Inu, which have all seen significant growth in their market capitalization and trading volumes. Dogecoin, in particular, has been a longtime favorite in the memecoin space and continues to maintain a strong community following. Shiba Inu, another popular memecoin, has gained traction due to its decentralized exchange and NFT marketplace. Other memecoins on the list include Baby Doge, SafeMoon, and Akita Inu, all of which have unique features and strong communities backing them. These coins have seen varying degrees of success in the market, with some experiencing rapid growth while others face challenges in maintaining their value. Overall, the memecoin market remains a volatile and speculative space, with investors drawn to these coins for their entertainment value and potential for high returns. While some memecoins have gained mainstream recognition and acceptance, others continue to face skepticism and criticism for their lack of utility and reliance on hype. In conclusion, the article highlights the top 12 memecoins of July 2025, showcasing the diversity and creativity within the memecoin space while acknowledging the risks and uncertainties associated with investing in these volatile assets.

The Ethereum Foundation has made its first over-the-counter (OTC) sale of 10,000 ETH to SharpLink, a digital marketing platform. This sale signifies a shift in how the foundation manages its treasury and interacts with the market. The transaction was facilitated by ParaFi Capital, a decentralized finance (DeFi) investment firm. The price and terms of the deal were not disclosed. The sale of ETH by the Ethereum Foundation to SharpLink is part of a broader trend in the crypto space where organizations are exploring alternative ways to manage their holdings beyond traditional exchanges. This OTC sale allows the foundation to diversify its treasury holdings and potentially reduce its exposure to market volatility. This move by the Ethereum Foundation is seen as a positive development for the crypto community, as it demonstrates the growing maturity and sophistication of market participants. By engaging in OTC deals, organizations can access liquidity in a more discreet manner and potentially negotiate more favorable terms compared to trading on exchanges. Overall, the sale of 10,000 ETH to SharpLink by the Ethereum Foundation represents a significant milestone in the evolving landscape of crypto markets. It highlights the increasing interest in OTC transactions as a way for organizations to manage their holdings and navigate the complexities of the digital asset market.

Tether has announced that it is planning to support additional blockchain networks beyond just Ethereum. This move comes as Tether aims to broaden its reach and provide its stablecoin on other networks to meet the growing demands of users. Tether's CTO has stated that the company is looking to support more chains, including Algorand, Polkadot, and Avalanche, among others. The decision to expand beyond Ethereum is driven by the desire to offer users more options and flexibility when it comes to using Tether. By supporting multiple blockchain networks, Tether can tap into different ecosystems and cater to a wider range of users who may prefer using other networks over Ethereum. Currently, Tether is predominantly issued on the Ethereum network, but the move to support other networks will allow the stablecoin to be more versatile and accessible across various platforms. This expansion is seen as a strategic move by Tether to stay competitive in the growing stablecoin market and to provide users with more options for using their preferred blockchain networks. In conclusion, Tether's decision to support additional blockchain networks beyond Ethereum is aimed at expanding its reach and providing users with more options for utilizing the stablecoin. This move is expected to enhance Tether's versatility and accessibility, making it more appealing to a broader audience of users across different blockchain ecosystems.