Crypto Talkies July 11th 2025

As the sun sets on another bustling day in the crypto world, fasten your seatbelts because the market is busier than ever. Let's dive into the major happenings of the day, starting with murmurs in Europe as the European Securities and Markets Authority (ESMA) dropped a bomb on Malta. ESMA expressed concerns over Malta's expedited licensing process for crypto firms under the Markets in Crypto Assets (MiCA) framework. They criticized the island nation for not fully living up to expectations, pointing towards gaps and potential risk assessments that should not be overlooked. This criticism comes as Malta tries to solidify its standing as a crypto hub, but this alert could mean they’re facing some significant speed bumps. Meanwhile, over in the sunshine state, Florida's Attorney General has opened an investigation into Robinhood Crypto. Accusations are swirling that Robinhood misled customers into thinking they were offering the cheapest crypto trading options. This investigation could spell trouble for the platform as trust issues continue to plague Robinhood, especially in the volatile crypto market. In acquisition news, Pump.fun has announced its first major purchase, snapping up Kolscan, a wallet-tracking project. This move is aimed at bolstering its social trading capabilities ahead of its anticipated $1 billion ICO on July 12, under the shiny new ticker PUMP. This acquisition is part of a wider strategy to arm itself with the best tools as it gears up for its two-pronged market approach. The crypto markets are hitting high notes today as Bitcoin and Ethereum climbed to new all-time highs. The fires of institutional interest are being stoked with Bitcoin and Ether ETFs experiencing record inflows, led by investment giants such as BlackRock (BLK) and Fidelity. In addition, multimillion-dollar acquisitions of Ethereum are being reported among whale investors, injecting the market with over $350 million. Altcoins aren't sitting back either, as memecoins are riding the Bitcoin bull wave, seeing exceptional gains with some enthusiasts reporting surges north of 30%. The crypto world also had its share of drama today. Nicholas Truglia's tale reached another chapter as his 18-month sentence for a $20 million crypto SIM-swap fraud was dramatically lengthened to 12 years due to failure in paying restitutions. This cautionary tale serves as a stark reminder that the crypto world is not without its pitfalls. On the brighter side, Ethereum has been enjoying a bit of the limelight with BlackRock's Ethereum ETF (ETHA) trading on fire, nearly a six percent surge has sent its price soaring past $2,800. Similarly, XRP is buzzing with potential, breaking through key resistance levels with whispers of surpassing $3, possibly attracting major investor interest. In regulatory realms, China's recent discussions on digital currencies and stablecoins signal a potential softening of its crypto stance, a significant pivot from its previous hardline approach. Closer to home, US Congress is gearing up for 'Crypto Week,' with debates on important crypto legislation that could shape the future of digital assets in the country. Lastly, Tether has announced it will be withdrawing USDT support from several legacy blockchains like Algorand and Omni due to declining demand as it turns its focus to more scalable solutions. Meanwhile, Ethereum's anticipated integration of zkEVM for scalability and privacy continues to build excitement for its rollout. So, whether it’s regulatory battles, significant market swings, or strategic business moves, today's crypto landscape is already setting up tomorrow's weather map. Stay tuned and stay savvy as the crypto world continues to evolve at breakneck speed.

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