Digital Assets Decoded: Your Daily Crypto Guide

Bitcoin Blasts Past $120K, Congress Crypto Craze, and Tether Takes Down Fraudsters


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Digital Assets Decoded: Your Daily Crypto Guide podcast.

Welcome back to Digital Assets Decoded: Your Daily Crypto Guide—I’m your buddy next door, Crypto Willy, here to break down a wild week in the crypto world!

Let’s jump right in: **Bitcoin shattered another record**, flying past $120,000 and almost brushing against $130K midweek. This surge put digital assets on everyone’s radar, especially after the U.S. Congress made big moves by officially declaring the third week of July as “Cryptocurrency Week.” Lawmakers took center stage with marathon House sessions, finally sending the hotly discussed GENIUS Act and stablecoin bill—both championed by President Donald Trump—to his desk, where he signed them into law Friday. According to ABC News, these new rules pave the way for wider stablecoin adoption, clearer compliance for banks, and more certainty for businesses and investors riding the digital train.

A special shoutout to **Mark Liu**, blockchain researcher, who pointed out that we’re seeing a “new cycle” of confidence and compliance. Congress is also eyeing the CLARITY Act and a tough new Anti-CBDC Act, which are expected to further define the future of crypto in the U.S.—huge moves if you ask me.

The good vibes didn’t stop with Bitcoin. **Ether (ETH)** swelled over 20% this week, peaking at $3,600 before a tiny dip. Altcoins stole headlines, with **BONK** rocketing 19% in a single day, and the combined **crypto market cap smashing through a historic $4 trillion**, as reported by the Times of India. Major players like **Coinbase and Robinhood** hit their own all-time highs, riding the bullish momentum from institutional money and that unmistakable market-wide optimism.

Over in the tech trenches, **Coinbase’s Wallet got a massive glow-up, rebranding as “The Base App,”** broadening from just your classic Ethereum layer-2 to a bona fide multiservice portal for consumers and devs alike. It’s shaping up to be a user-centric one-stop shop for the next-gen web.

Let’s not forget security and compliance. Tether teamed up with Brazilian cops to bust a massive $5.7 million cyber fraud ring, freezing USDT and showing off how blockchains can fight crime—huge win for crypto forensics. On the darker side, **Chainalysis reports North Korea–linked hackers have already bagged over $2 billion in crypto—the year’s not even over.** Stay sharp and double-check those wallets, fam!

Meanwhile, regulatory developments are fueling a “flight to safety.” **Cloud mining services like BJMINING** are becoming digital safe havens for folks wanting daily yield without the ups and downs of trading volatility—think earning potential while you sleep, according to GlobeNewswire.

On the legislative front, the **House passed not just one but two more crypto-forward proposals:** a comprehensive digital asset regulatory regime and an act banning a U.S. central bank digital currency (CBDC). These now head to the Senate, promising a summer of high-stakes crypto drama.

Last but not least, early Bitcoin investor **Roger Ver** is making headlines, suing Spain to stop extradition to the U.S., in a saga that continues to keep the OG crypto scene on the edge of its seat.

That’s all for your whirlwind weekly update. Thanks for tuning in! Swing back next week for another spin with me, Crypto Willy, on Digital Assets Decoded. This has been a Quiet Please production—check out QuietPlease dot AI for more. Stay savvy, and may your coins multiply while you sleep!

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Digital Assets Decoded: Your Daily Crypto GuideBy Quiet. Please