Over the past week, the cryptocurrency market has seen many notable events. Let's take a look back at the hottest Crypto news of the past week with Allinstation!
UK Treasury XEM selling $7 billion worth of Bitcoin to cover budget deficit
The UK Home Office is working with police to sell a large amount of seized cryptocurrency to help offset a shortfall in public finances, the Daily Telegraph reported on July 20. The total amount of cryptocurrency seized by British police is unknown, but 61,000 Bitcoin were seized in a raid on a Ponzi scheme in 2018. As of last week, Bitcoin was worth $123,000, putting the total value of the assets at over £5.4 billion, or about $7 billion — 20 times more than the value at the time of the seizure.
Details: UK Treasury XEM Selling $7 Billion Worth of Bitcoin to Cover Budget Deficit
GSR will spend $100 million to support MEI Pharma to buy Litecoin (LTC) reserves
GSR , a leading player in the cryptocurrency Capital markets, has announced a $100 million investment in pharmaceutical company MEI Pharma, Inc. (NASDAQ: MEIP). The investment is a “private investment in a public company” (PIPE) and is accompanied by a strategic partnership agreement in which GSR will act as a strategic advisor and digital asset manager to MEI.
Details: GSR Will Spend $100 Million to Support MEI Pharma in Buying Litecoin (LTC) Reserves
This company will raise $500 million to buy Dogecoin (Doge)
SharpLink Gaming plans to issue another $5 billion in shares to increase its Ethereum reserves, becoming the world's largest ETH holder
Details: This Company Will Raise $500 Million to Buy Dogecoin (Doge)
Trump will allow pension funds to invest in cryptocurrencies and gold
President Trump is set to open the door for pension funds to invest in cryptocurrencies and gold, marking a major turning point for the US financial system.
Details: Trump Will Allow Pension Funds to Invest in Cryptocurrencies and Gold
US House of Representatives officially passes 3 important cryptocurrency bills
On Thursday local time, the US House of Representatives officially passed three important bills related to the cryptocurrency sector, including: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.
Details: US House of Representatives Officially Passes 3 Important Cryptocurrency Bills
UK Proposes Ban on Political Donations in Cryptocurrencies
UK Proposes Ban on Cryptocurrency Political Donations Over Traceability and Foreign Interference Concerns
Details: UK Proposes Ban on Political Donations in Cryptocurrencies
Trump DeFi Project WLFI Will Open WLFI Token Trading
The World Liberty Financial (WLFI) cryptocurrency project, backed by US President Donald Trump, has officially approved a proposal to Token Lockup after receiving 99.94% of the votes from the holder community. This move will allow the WLFI Token to become freely tradable on the secondary market and through peer-to-peer transactions, facilitating stronger growth in the value of the Token .
Details: Trump House DeFi Project WLFI Will Open WLFI Token Trading
Major US banks plan to issue stablecoins
On July 17, PANews reported that many leading financial institutions in the US, including Bank of America, Citigroup, and JPMorgan Chase, are actively researching the implementation of stablecoins – a notable move in the context of the US government's efforts to build a more friendly legal framework for the cryptocurrency market.
Details: Major US Banks Plan to Issue Stablecoins
GameStop XEM Accepting Cryptocurrency Payments for Collectible Cards and Memorabilia
On July 16, according to Cointelegraph, GameStop CEO Ryan Cohen Chia on CNBC’s “Squawk Box” that the company is adjusting its operating strategy due to rising costs. Specifically, GameStop will reduce its reliance on hardware and focus more on trading cards and memorabilia, which does not rule out the possibility of allowing customers to pay with cryptocurrency in the future.
Details: GameStop XEM Accepting Cryptocurrency Payments for Collectible Cards and Souvenirs
Memecoin Trump Suspected to Launch New Game Project
On July 16, the cryptocurrency community discovered that the official website of Trump Meme Token had registered a subdomain named Trumpthegame , raising suspicions that the project was preparing to launch a Trump-branded game.
Details: Memecoin Trump Suspected to Launch New Game Project
Binance to invest $1 million in blockchain education in Vietnam
Binance has just announced the launch of the “Blockchain for Vietnam” program with a budget of 1 million USD for two years, from July 2025 to July 2027. The program aims to promote education, innovation and blockchain application in key areas of the Vietnamese economy.
Details: Binance Will Invest $1 Million In Blockchain Education In Vietnam
Binance CEO: “Vietnamese Gen Z will choose cryptocurrency instead of stocks”
In an exclusive interview with VnExpress , Mr. Richard Teng - Global CEO of Binance - made remarkable comments on the investment trends of young Vietnamese people as well as the development potential of the crypto market in this country.
Details: Binance CEO: “Vietnamese Gen Z Will Choose Cryptocurrency Over Stocks”
Binance CEO Richard Teng unexpectedly visits Vietnam
On the morning of July 15, 2025, Mr. Richard Teng - current CEO of Binance, the world's largest cryptocurrency exchange - came to Ho Chi Minh City to attend a workshop on the legal corridor for crypto assets, held at the headquarters of Lao Dong Newspaper. This is the first time Mr. Teng has visited Vietnam as CEO of Binance, following the notable visit of founder Changpeng Zhao (CZ) in 2022.
Details: Binance CEO Richard Teng Makes Unexpected Visit to Vietnam
This company will raise $888 million to buy HYPE Token
On July 14, 2025, biotechnology company Sonnet BioTherapeutics – currently listed on the Nasdaq – officially announced its plan to shift its strategy to the cryptocurrency sector by establishing a new entity worth $888 million to deploy a treasury strategy focused on the HYPE Token , the native digital asset of the Hyperliquid ecosystem.
Details: This Company Will Raise $888 Million Buying HYPE Token
BigONE Cryptocurrency Exchange Hacked for Over $27 Million, Hackers Convert Assets to BTC, TRX, ETH and SOL
On July 16, according to on-chain tracking data from Lookonchain, the centralized cryptocurrency exchange BigONE was the target of a serious cyberattack, causing losses of more than $27 million. After stealing the aforementioned assets, the hackers quickly made transactions to convert the assets into various cryptocurrencies to hide their tracks and disperse the assets.
Uniswap Labs President Announces Resignation
Mary-Catherine Lader, President and Chief Operating Officer (COO) of Uniswap Labs, has officially left the company after four years of service, marking the end of an important phase in the development journey of the leading decentralized exchange platform in the crypto market.
Details: Uniswap Labs President Announces Resignation
Vietnam needs to help people confidently buy cryptocurrencies like buying gold
According to experts at the seminar on Digital Technology Industry Law and Digital Assets organized by Lao Dong Newspaper on the morning of July 15, experts said that the Vietnamese market has potential but still lacks a clear legal corridor. Therefore, building a clear legal corridor is a key factor to help investors feel secure in participating in this field, similar to the way they are accumulating gold.
Details: Vietnam Needs to Help People Confidently Buy Cryptocurrency Like Buying Gold
Pi Network Sell-Off Spreads Amid Strong Bitcoin Growth
While the cryptocurrency market is booming with Bitcoin’s strong momentum – continuously setting new price highs, Pi Network is witnessing the opposite trend with an increasing wave of sell-offs. According to market data, the PI Token price has dropped by 25% in just the past 30 days and lost more than 84% of its value compared to the peak set in February 2025.
Details: Pi Network Sell-Off Spreads Amid Strong Bitcoin Growth
Bitcoin 'father' statue worth 1 BTC is about to be placed in Vietnam
On July 1, 2025, Mr. Phan Duc Trung - Chairman of the Board of Directors of 1Matrix Joint Stock Company - said that this unit will place a statue of Satoshi Nakamoto, XEM the "father" of Bitcoin, in Vietnam in August 2025.
Details: Bitcoin 'Father' Statue Worth 1 BTC Coming Soon to Vietnam
