Crypto Golden Visas

Crypto bills gain traction again in US House

Good Morning,

Here's a quick preview of today’s content: Visas via crypto, Cross-chain crypto crime hits all time highs, Tornado cash dev gets caught laundering obscene amounts of money, BBVA expands to Europe, Thiel’s Founders Fund makes a big investment, a retail trader changed $6k into over a million, and so much more.

Happy Thursday - Let’s dive in.

Market Snapshot

  • The crypto market rebounded sharply with Bitcoin climbing back above $118,000 after a brief pullback and ETH posting double-digit gains

    • This was supported by ongoing inflows into U.S. spot BTC & ETH ETFs, which sustained positive momentum for the ninth consecutive day

  • Altcoins and memecoins rallied, with coins like Bonk and SPX6900 surging over +15 to 20% alongside renewed interest in the sector; XRP and ENS also performed strongly

  • Trading volumes stayed high at ~$200B, liquidations for the day topped $340M, and technical analysts cited a continued bullish structure with the possibility of Bitcoin rallying to $160,000 if institutional demand persists and resistance levels are surpassed

Market Predictions

  • Bettors on Kalshi are predicting if how high XRP will get this year - trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Headline Roundup
The major headlines driving crypto markets

  • Four countries now offer citizenship or golden visas in exchange for crypto investment (CT)

  • Crypto bills gain traction again in US House after months of legislative gridlock (CT)

  • Retail signal flashes as Coinbase surges 63 spots in App Store charts (TB)

  • BBVA expands crypto access in Spain with updated digital asset services (CT)

  • Bulgaria's bitcoin stash could have erased national debt, officials confirm (CT)

  • California launches tech task force with Ripple and Coinbase onboard (DE)

  • 'Bitcoin Jesus' Roger Ver sues Spain to block extradition over alleged US tax fraud (DE)

  • Massive OG bitcoin whale shifts BTC to new wallet after years of dormancy (CT)

  • Roman Storm trial begins with prosecutors accusing Tornado Cash co-founder of enabling $1B+ in laundering (BW)

  • Bitcoin startup Glok faces scrutiny after alleged kidnapping plot linked to security concerns (BM)

  • PayPal stablecoin gains Arbitrum support in push toward scaling adoption (TB)

  • Zero-knowledge privacy pools integrate Sky's USDS stablecoin in multi-asset expansion (TB)

  • OpenSea CTO defends token trading plan amid slowdown in NFT volumes (CT)

  • BlackRock reports Q2 crypto inflows despite broader slump in total fund flows (CT)

  • Kinetiq liquid staking pulls in $460M TVL on opening day amid DeFi surge (TD)

  • US House passes motion to advance clarity for Payment Stablecoins, GENIUS, and Anti-CBDC Act (BM)

  • Peter Thiel-backed Bitmine gets spotlight amid Ethereum treasury build-up (TB)

  • ARK Invest dumps $8.7M in Bitcoin ETF shares as part of profit-taking strategy (DE)

  • Bank of England remains skeptical on 'Britcoin' rollout despite ongoing CBDC research (DE)

  • LND v0.19.2 released with key bug fixes and performance improvements for Bitcoin's Lightning Network (BM)

  • Ghana announces plan to regulate crypto exchanges amid growing user adoption (BI)

  • Trump-backed WLFI token begins trading after unlock approval and community hype surge (CT)

  • UK lawmakers push for ban on crypto donations to political campaigns (CT)

  • US Marshal Service holds nearly 29,000 BTC worth $3.44B, FOIA request reveals (BM)

  • Talos acquired by Coin Metrics in consolidation deal backed by a16z, General Atlantic, and Coinbase (FO)

  • Strategy crypto fund closes at all-time high $128.4B market cap, signaling strong institutional demand (TB)

  • Matador Technologies targets 6,000 BTC treasury by 2027 in bold corporate reserve strategy (CT)

Venture Capital

  • Peter Thiel’s Founders Fund takes 9.1% stake in Ethereum treasury firm BitMine (TD)

M&A Announcements

  • Matador Technologies to accumulate 6,000 BTC by 2027 in aggressive Bitcoin strategy (AI)

Launches

  • Franklin Templeton launches Bitcoin bridge to Bitlayer mainnet (CT)

  • Eclipse unveils $100M airdrop for ES token holders amid momentum in modular chains (TB)

  • Risc Zero launches Boundless testnet on Base (BW)

  • Coinbase Base App rebrands as all-in-one social and trading platform (TB)

Regulation

  • El Salvador and Pakistan leaders discuss Bitcoin adoption in diplomatic meeting (BM)

Cybersecurity

  • Former Tornado Cash dev accused of laundering over $530M through Tether network (CT)

  • BigOne hack leads to $27M in user fund losses, exchange under investigation (AI)

  • Arcadia Finance suffers $2.5M exploit as crypto protocol security lapses continue (CT)

  • Cross-chain crypto crime hits $21B in 2025, tripling since 2023 (TB)

Extra Reads

  • This trader turned $6.8K into $1.5M by using a high-risk strategy: Here’s how

  • Bitcoin is the only commodity for which miners are taxed by the IRS both when they mine bitcoin and when they sell bitcoin - Why Congress Must Fix Bitcoin Taxes

Chart of the Day

This is the first time an ETH chart has made the 'Chart of the Day'. Needless to say things are looking bullish. Most notably, the coin has formed a golden cross pattern on the daily timeframe.

  • Immediate support: $3000 (marked support level)

  • Strong support: $2,500 (psychological and breakout level)

  • Immediate resistance: $3,500 (next major round number)

  • Strong resistance: $3,750-$4,000 (previous cycle highs)

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