Coinpedia Digest: This Week’s Crypto News Highlights | 5 July, 2025

Key Points

1. The U.S. House of Representatives will hold 'Crypto Week' starting July 14 to discuss key laws on digital assets, including the CLARITY bill, the GENIUS bill, and the Anti-CBDC Surveillance Act.

2. Bitcoin may benefit from President Donald Trump’s $5 trillion spending and tax bill, as it raises the US national debt limit, potentially driving investors towards Bitcoin as a safe haven.

3. Ripple has applied for a U.S. banking license with the OCC and is seeking a Master Account with the Federal Reserve, aiming to hold stablecoin reserves directly.

4. FTX creditors in 49 countries may face blocked payouts due to a new proposal by FTX Recovery Trust, with 82% of affected claims.

5. Crypto losses reached $2.5 billion in the first half of 2025, with a 52% drop in Q2 compared to Q1, though phishing remains the top scam type.

6. Over 80,000 Bitcoin, dormant since 2011, suddenly moved across eight wallets, sparking speculation but no claims have been made.

7. US Senator Cynthia Lummis introduced a bill to simplify crypto taxes, aiming to end double taxation on activities like staking with an annual cap of $5,000.

8. The first-ever Solana Staking ETF (SSK) went live in the U.S., investing in staked Solana and related crypto products.

9. Iran’s biggest crypto exchange, Nobitex, resumed withdrawals after a $100 million hack linked to an Israeli hacker group.

10. Robinhood introduced micro crypto futures for Bitcoin, Solana, and XRP, aiming to attract more everyday traders.