White House Crypto Report Coming July 30
The White House crypto report, prepared under Trump’s 180-day mandate, will be released on July 30 and may include a strategic Bitcoin reserve plan. According to Eleanor Terrett, the report may also include recommendations for a national digital asset stockpile, national security measures, and expanding banking access to crypto firms.
The study, launched under the mandate in January, covers a wide range of topics, from stablecoin regulations to market structure. The Working Group’s primary objective, the stablecoin framework, was provided by the GENIUS Act, passed last week. The new report is expected to shape federal policy for the crypto ecosystem, specifically focusing on illicit finance and sanctions evasion risks.
FTX to Pay Out $1.9 Billion in September
FTX announced that it will begin paying out creditors on September 30, 2025, after releasing $1.9 billion in reserves following court approval. Those eligible to receive payments must complete KYC, tax forms, and platform registration by August 15. BitGo, Kraken, and Payoneer will manage payments.
Only approved claims will be paid in this round. The additional funding has been provided as the total disputed claims reserve has been reduced from $6.5 billion to $4.3 billion. FTX also emphasized that after the payment is made, the user will have full control of the money.
Trump-Linked World Liberty Makes New Purchase of 3,400 ETH
World Liberty Financial, known for its closeness to US President Trump, purchased more than 3,400 ETH for $13 million amid rising institutional demand. According to Arkham data, the project staked 3,473 ETH, which it purchased at an average of $3,743, on Aave, bringing its total ETH reserves to approximately 73,616 ETH.
The price of ETH has increased by 67% in the past month, while spot Ethereum ETFs saw $533 million in inflows in a single day. World Liberty plans to fully launch its own WLFI token within 6–8 weeks, making the project’s crypto strategy all the more noteworthy.
Trump-Linked World Liberty Forms $6 Million Partnership with Vaulta
World Liberty Financial, known for its closeness to US President Donald Trump, has partnered with Vaulta(A) (formerly EOS) to accelerate its web3 banking service. In May, World Liberty purchased $6 million of Vaulta’s A token, adding the asset to its crypto reserves. Vaulta will, in turn, integrate World Liberty’s USD1 stablecoin into its web3 banking solutions.
The partnership aims to bridge the gap between traditional finance and decentralized platforms, expand access to real-world assets, and increase liquidity. This move diversifies World Liberty’s criticized Macro Strategy reserve into assets like Bitcoin, Ethereum, and TRON, as well as the Vaulta token. World Liberty also acquired an additional 3,400 ETH this week, bringing its total Ethereum position to $275 million.
Goldman Sachs and BNY Mellon Launch Tokenized Money Market Funds
Wall Street giants Goldman Sachs and BNY Mellon are bolstering their digital asset infrastructure by tokenizing money market funds. BNY, with its $53 trillion asset management power, will offer tokenized versions of money market fund shares on its LiquidityDirect platform; transactions will be recorded on Goldman Sachs’s blockchain.
Major institutions such as BlackRock and Fidelity have also joined the system. In addition to its shareholder services and custody roles, BNY will manage the minting and burning of tokens as the tokenization manager. Tokenized money market funds, backed by U.S. Treasury securities, are accelerating the growth of the $7 billion tokenized bond market. This move is seen as a significant step in migrating the $7 trillion traditional funds market to blockchain.
WisdomTree Launches USDW Move
US-based asset manager WisdomTree aims to strengthen its digital dollar infrastructure with its new stablecoin, USDW. Issued by WisdomTree Digital Trust Company, USDW will be used for both payments and tokenized funds, and will pay dividends to investors from eligible assets.
This strategy, announced following the new GENIUS Act, will integrate with WisdomTree’s products such as its money market fund WTGXX. USDW, which trades on the Stellar network, is planned to be rolled out to other blockchains over time. The company positions its stablecoin alongside established stablecoins like USDC as an on/off-ramp tool and corporate treasury management solution.
Block Joins S&P 500
Jack Dorsey’s Block joined the S&P 500 index on July 23, becoming the third publicly traded company to hold Bitcoin (BTC) in its treasury, alongside Tesla and Coinbase. Block, which joined the index following Hess’s acquisition by Chevron, saw its shares rise more than 10 percent to $79.69.
Block expands its digital economy tools with brands like Square, Cash App, Afterpay, TIDAL and Bitkey, while its treasury of 8,584 BTC is now in the index along with Tesla (11,509 BTC) and Coinbase (9,267 BTC). This membership could lower Block’s risk perception and attract more institutional investors, but in the long run, the company’s performance will depend on growth in its core businesses, particularly Square and Cash App.
Tesla Misses Expectations, But Its Bitcoin Strategy Remains Unchanged
Tesla missed revenue and profit expectations in its second-quarter 2025 earnings report, with revenue of $22.5 billion falling short of estimates and adjusted earnings per share of $0.40, below the forecast of $0.43. Automotive revenue also fell 16% year over year. The company also delayed the release of its affordable “Model 2” vehicle, paving the way for Chinese rivals to gain market share.
However, Tesla remained silent on the topic of its Bitcoin reserves. The company, which has neither bought nor sold for eight quarters, held its BTC holdings at 9,720 units, equivalent to about $1.15 billion at current prices. Despite weak balance sheet data, Tesla continues to maintain its “HODL” policy in its digital asset strategy for now.
MARA Drops 10% with $850 Million BTC Plan
US Bitcoin miner MARA Holdings announced plans to sell $850 million in private bonds to purchase BTC, and its shares fell 10% following the news. The company will sell zero-interest convertible bonds due in 2032 to institutional investors.
MARA is currently the second-largest institutional Bitcoin holder after Strategy, with 50,000 BTC. The company holds BTC mined through a HODL strategy, betting on long-term value appreciation.
Upexi Reaches Solana Target
Florida-based consumer goods company Upexi has purchased an additional 83,000 Solanas (SOL) for approximately $16.7 million, bringing its total reserve to 1.9 million SOL. This completes a plan to double its Solana holdings, announced in July.
CEO Allan Marshall said they believe increased regulatory clarity in the US will accelerate blockchain adoption. Upexi will maintain crypto as an active portfolio strategy outside of its core business and will hold its existing SOL assets for the long term.
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BITCOIN (BTC)
Bitcoin is trading at $117,830 as of morning hours, losing 0.78%. BTC has been stuck in a horizontal range in recent days, having struggled to surpass the $120,217 resistance. Unless the $120,217 level is broken, a permanent acceleration in the price movement is not expected. If closes are seen above this zone, $122,000 and above may become targets again.
In case of a possible pullback, $116,050 stands out as the first support point. If it persists below this level, a gradual correction down to the $111.924-$110.507 range may be on the agenda. Whether BTC can maintain the $116,050 support in the short term will be decisive in terms of the direction of the trend.
ETHEREUM(ETH)
ETH is priced at $ 3,576 as of the morning hours with a 1.39% loss in value. The price is experiencing a pullback after being rejected from the $ 3,696 resistance area. This level also corresponds to a short-term horizontal resistance area.
If the downward movement continues, the first support level stands at $3,479, and if this level is broken, $3,311 and $3,165 could come to the fore, respectively. On the upside, maintaining stability above $3,696 could pave the way for the $3,847 and $3,988 targets.
RIPPLE(XRP)
XRP is priced at $3.08 with a 3.03% loss as of the morning hours. Following sharp selling, the price broke the 3.1496 support and retreated to the demand zone in the $2.97–$3.03 band.
This region stands out as a critical support area where the price is trying to hold in the short term. If the buyers fail to regain strength in this area, the 2.9703 and 2.8571 levels may be downside targets. In upward recoveries, the first resistance level will be 3.1496, if this level is exceeded, 3.2449 and 3.3470 levels can be followed respectively.
AVALANCHE(AVAX)
AVAX is trading at $23.23 with a 3.05% loss as of the morning hours. The price was rejected from the $23,911 resistance and retreated to the support area in the $23,228-22,590 range.
This support band worked as a strong demand area in the previous increases. If this area cannot be maintained, the next support levels can be followed at $21,522 and $20,335. In upward recoveries, exceeding 23,911 may cause the price to move again towards the 24,792 and 26,263 resistance levels.
SOLANA(SOL)
SOL is traded at $182 levels with a 3.65% loss as of the morning hours. After the sharp selling pressure from the $204 resistance, the price broke the 193.06 and 184.95 supports in a short time and approached the 179.05 level. This decline can be considered as a significant correction signal in the uptrend.
In the current pricing, the $179.05 and $173.71 levels stand out as intermediate support. If these levels cannot be maintained, the price could drop to the $169.55-$167.40 range. On the other hand, if the $184.95 level is breached again, the 193.06 resistance level could be the first target. Breaking this zone may cause the price to move back towards the $200-$204 range.
