Bitcoin Hits Record High Near $119K — ETF Inflows & Short Squeeze Fuel Surge Bitcoin surged to new all-time highs (~$118,000–$119,000), driven by massive spot ETF inflows (over $1B in a single day, $51B cumulative in 2025) and the unwinding of over $1B in short positions. Ethereum and altcoins also rallied strongly amid bullish sentiment.

Wall Street Analysts Predict BTC May Surge to $134K Technical analysts point to bullish patterns—a cup‑and‑handle formation and supportive MACD—for continued upside. Bitcoin’s new support sits around $108,300, with a potential rally to $134,500 in sight.

Crypto Stocks Rally Ahead of “Crypto Week” Legislation As "Crypto Week" approaches in Washington, crypto mining and infrastructure stocks (Riot, Hut 8, Mara) surged. Legislators are preparing to vote on major bills—the GENIUS Act, CLARITY Act, and Anti‑CBDC Surveillance State Act—which may bring regulatory clarity.

GENIUS Act Advances: Stablecoin Framework Nears Final Approval The Senate-passed GENIUS Act would require private firms to issue fully reserved stablecoins under AML checks. Approved legislation supports stablecoin clarity and complements proposed anti-CBDC measures. U.S. retail giants like Walmart and Amazon are exploring their own stablecoins.

China Signals Possible Softening on Crypto Policy for Stablecoins Shanghai regulators held high-level meetings about yuan-pegged stablecoins, signaling a potential shift in China’s previously strict crypto ban. JD.com and Ant Group are preparing licenses in Hong Kong, where stablecoin legislation launches August 1.

RBI Eyes Global Crypto Developments as India Drafts Policy India’s central bank is closely monitoring U.S. and global crypto regulatory shifts, including the U.S. Strategic Bitcoin Reserve and stablecoin frameworks, as it considers drafting its own policy paper.

Tornado Cash Co‑Creator Faces Money Laundering Trial Roman Storm, co-creator of the Tornado Cash privacy tool, is set for trial in New York on charges including sanctions violations and money laundering. The outcome could set a landmark precedent for developer liability in decentralized finance.