InstitutionalFi News Roundup
Bitcoin Breaks ATH! Crypto Market Update: InstitutionalFI News Roundup & Week Ahead
Bitcoin is currently trading at $119,000, having rebounded from a 7-day low of $116,139 with a 3.5% rally to a recent high of $120,267. This marks Bitcoin’s strongest percentage move since reaching its recent all-time high, yet social attention continues to favor altcoins as retail investors chase an “altseason” narrative. Despite hopes, a sustained altcoin surge will require more than just market sentiment.
For the second day in a row, Bitcoin spot ETFs saw net outflows, with $67.9 million leaving the products after a 12-day inflow streak. In contrast, Ethereum spot ETFs recorded $534 million in net inflows on July 22—their 14th consecutive inflow day and the third-highest on record.
Ethereum’s price action is notable: ETH has rallied 74% since June 22 and now faces profit-taking pressure as sellers emerge, with $3,800 as a critical level for bulls to defend.
Major altcoins:
XRP: $3.47
BNB: $795 (all-time high)
SOL: $199
News Highlights
Charles Schwab plans to expand digital asset offerings, including spot BTC/ETH trading and possible stablecoin issuance.
Block Inc. will join the S&P 500 on July 23, integrating Bitcoin payments in Square terminals.
After Trump signed the GENIUS Act, Tether will launch USDT in the U.S. via a foreign issuer path; Circle welcomed the law.
Weekly ETF flows: Bitcoin spot ETFs took in $2.39B and Ethereum spot ETFs a record $2.18B from July 14–18.
Trump family-backed DeFi project WLFI confirmed no early team unlocks or new private sale rounds at launch.
The UK may sell over £5B in seized Bitcoin, including 61,000 BTC from a 2018 Chinese Ponzi scheme, to help close fiscal gaps.
IMF: El Salvador hasn’t bought BTC since Feb. 2025; recent reserve increases were from wallet consolidation.
OPERS increased Palantir and Strategy holdings, cut Lyft, as per Q2 13F filing.
ABA and U.S. banking groups urge the OCC to delay crypto firm bank licenses (e.g., Circle, Ripple) over policy concerns.
Dynamix to merge and create "Ether Machine," planning to hold $1.5B ETH.
Trump Media now holds $2B in Bitcoin and around $300M in options.
BitGo confidentially files for a U.S. IPO.
Coinbase now allows U.S. users to trade perpetual futures via its CFTC-regulated platform.
Volcon (to rebrand as Empery Digital) bought 280.14 BTC and raised $500M, with 95% allocated for Bitcoin.
Grupo Murano (Mexico) to adopt Bitcoin as a core asset, targeting a $10B BTC treasury in 5 years.
JPMorgan considers loans backed by customer-held crypto, starting as early as next year.
SharpLink Gaming increased ETH holdings by 29% to 360,807 ETH last week.
Western Union plans to build digital wallets with stablecoin capabilities.
TON Wallet is live in the U.S.— now accessible in Telegram with USDT, TON, and crypto-fiat functions.
Citadel Securities opposes tokenized equity exemptions, urging “same rules as stocks.”
REX-Osprey’s SSK Solana ETF hits $100M AUM since a July 2 launch.
21Shares files for an $ONDO ETF.
FBI drops investigation into Kraken founder Jesse Powell, returns seized device.
PNC Bank partners with Coinbase to develop digital asset solutions and banking services.
Outlook:
Technical indicators and consensus forecasts place Bitcoin’s short-term resistance in the $120,000–$124,000 range, with next major support at $116,000. Ethereum needs to consolidate above $3,800 to build higher. While altcoins drive headlines, continued institutional flows, regulatory clarity, and new adoption are central to sustaining momentum across the digital asset sector.
Disclaimer:
The information provided in this article is for educational and informational purposes only and does not constitute financial, investment, legal, or professional advice. Readers should conduct their own research and consult with qualified professionals before making any financial or investment decisions. The author does not guarantee the accuracy, completeness, or timeliness of the information provided, particularly regarding unverified or hypothetical developments.
Cryptocurrency investments, including those in Bitcoin and Ethereum, as well as the use of futures, options, or other derivatives for hedging or trading, carry significant risks, such as volatility, regulatory changes, counterparty risk, and potential loss of principal. The author and publisher are not liable for any losses or damages arising from the use of this content
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