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Quick Take President Trump’s announcement on Sunday, directing a working group to “move forward” on a U.S. Crypto Strategic Reserve, sent prices soaring, with the BTC, ETH, XRP, SOL and ADA assets named all rallying between 10% and 70% before correcting on Monday. Standard Chartered Head of Digital Asset Research Geoff Kendrick said Trump’s Crypto Reserve plan would provide long-term stability for bitcoin, bringing his $500,000 target by 2029 back into focus.

Quick Take Sam Bankman-Fried led Anthropic’s Series B, with a $500 million investment to acquire approximately 13% of the AI development firm. This initial $500 million investment would now be worth close to $2.5 billion, assuming the usual amounts of dilution. Bankman-Fried, who has long argued that FTX was solvent but illiquid, is apparently pleading for clemency from President Trump.


Quick Take Zora’s forthcoming token is intended “for fun only” and doesn’t give holders governance claims. Zora joins Magic Eden and OpenSea as other NFT marketplaces establishing token launches in recent months.

Quick Take Yuga Labs, the company behind the Bored Ape Yacht Club and Cyberpunk NFT collections, announced that the SEC has closed its investigation into the company. The SEC has dropped a number of investigations into crypto companies in recent days, such as Coinbase, Kraken, Uniswap and more.

Quick Take While lending protocols are designed to handle liquidations through automated processes, the scale of February’s event highlights how quickly market conditions can deteriorate when broader sentiment shifts. The following is an excerpt from The Block’s Data and Insights newsletter.

Quick Take President Trump announced plans for a U.S. “crypto strategic reserve,” surprising many by including XRP, SOL and ADA alongside BTC and ETH. Industry experts questioned the inclusion of XRP and ADA, arguing they lack the developer activity and decentralization seen in BTC and ETH.

Quick Take Nasdaq filed a 19b-4 on behalf of Grayscale’s spot Hedera ETF on Monday. Bloomberg Analyst Eric Balchunas previously said Hedera and Litecoin ETF applications have the “best odds” of approval.
- 00:18Analysis: The GENIUS Act Bans Yield-Bearing Stablecoins, Benefiting Ethereum DeFiOdaily Planet Daily reported that after the official ban on yield-bearing stablecoins under the U.S. GENIUS Act, analysts believe this will drive capital inflows into the Ethereum DeFi ecosystem. Previously, such stablecoins could generate interest for holders through staking or lending. Analysts point out that with stablecoin yields prohibited, institutions and users will be forced to turn to DeFi protocols on Ethereum to obtain passive income, which is positive for ETH and decentralized finance. (Cointelegraph)
- 00:06Trump Officially Signs the Stablecoin GENIUS Act, Marking the Enactment of the First Federal Cryptocurrency Legislation in HistoryAccording to ChainCatcher, U.S. President Trump has officially signed the "Guiding and Establishing the U.S. Stablecoin National Innovation Act," also known as the "Genius Act," at the White House. This marks the first time in history that federal legislation on cryptocurrency regulation has officially come into effect. The act sets stricter regulatory standards for stablecoins: issuers are required to maintain a 1:1 reserve backing with liquid assets such as U.S. dollars and short-term Treasury bonds, and must disclose the composition of their reserves on a monthly basis. From now on, stablecoins are no longer experimental products in a regulatory gray area, but are about to be written into U.S. law as "official monetary instruments" endorsed by the state.
- 2025/07/18 23:42TAG 24-Hour Surge Expands to 20%, Market Cap Rises to $60 MillionBlockBeats News, July 19 — Possibly influenced by the news that "WLFI increased its holdings of TAG tokens worth approximately $40,000," TAG's 24-hour price surge expanded to 20%, with its market capitalization rising to $60 million.