House Republicans blocked a procedural vote on crypto bills, defense funding, and the Epstein files amendment due to internal divisions. The post House Republicans block crypto bill vote, delaying GENIUS, CLARITY, and Anti-CBDC acts appeared first on Crypto Briefing.

House Republicans block crypto bill vote, delaying GENIUS, CLARITY, and Anti-CBDC acts

Ethereum price started a fresh increase above the $3,020 zone. ETH is now 
consolidating gains and might correct lower toward the $3,040 zone. Ethereum 
started a fresh increase above the $3,040 level. The price is trading near 
$3,050 and the 100-hourly Simple Moving Average. There was a break above a 
bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD 
(data feed via Kraken). The pair could start a fresh increase if it remains 
supported above the $3,000 zone in the near term. Ethereum Price Extends Gains 
Above $3,000 Ethereum price started a fresh increase above the $2,880 zone, 
outperforming Bitcoin. ETH price gained pace for a move above the $2,950 
resistance zone and entered a positive zone. The bulls even pumped the price 
above $3,050. There was a break above a bearish trend line with resistance at 
$2,990 on the hourly chart of ETH/USD. Finally, it tested the $3,150 zone. A 
high was formed at $3,152 and the price is now consolidating gains above the 
23.6% Fib retracement level of the upward move from the $2,935 swing low to 
the $3,152 high. Ethereum price is now trading above $3,000 and the 100-hourly 
Simple Moving Average. On the upside, the price could face resistance near the 
$3,120 level. The next key resistance is near the $3,150 level. The first 
major resistance is near the $3,220 level. A clear move above the $3,220 
resistance might send the price toward the $3,300 resistance. An upside break 
above the $3,300 resistance might call for more gains in the coming sessions. 
In the stated case, Ether could rise toward the $3,420 resistance zone or even 
$3,450 in the near term. Are Downsides Limited In ETH? If Ethereum fails to 
clear the $3,150 resistance, it could start a downside correction. Initial 
support on the downside is near the $3,100 level. The first major support sits 
near the $3,040 zone. A clear move below the $3,040 support might push the 
price toward the $3,000 support. Any more losses might send the price toward 
the $2,950 support level in the near term. The next key support sits at 
$2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining 
momentum in the bullish zone. Hourly RSI &#8211; The RSI for ETH/USD is now above 
the 50 zone. Major Support Level – $3,000 Major Resistance Level – $3,150

Ethereum Flexes Muscle, Outperforms Bitcoin Amid Market Momentum

Brandon Lutnick&#8217;s Cantor Fitzgerald is nearing a big Bitcoin acquisition 
through a SPAC merger, targeting 30,000 BTC from Blockstream Capital.

Cantor Fitzgerald plans $3.5B Bitcoin buy from Adam Back’s Blockstream: Reports

President Donald Trump ignites new momentum for the GENIUS Act with a last- 
minute comeback deal, reigniting hopes for sweeping digital asset regulation 
amid GOP internal upheaval. Trump Announces Breakthrough on GENIUS Act 
President Donald Trump announced on social media platform Truth Social on July 
15 that after a failed procedural vote on the GENIUS Act […]

Trump Says Lawmakers Will Vote in Favor of GENIUS Act Tomorrow Morning

A single wallet that has sat untouched since 2011 jolted the market overnight, 
wiring 40,009 BTC—worth roughly $4.68 billion at prevailing prices—to New 
York‑based trading giant Galaxy Digital. The address had held 80,009 BTC in 
total and had never previously moved funds in the modern era. According to 
on‑chain sleuth Lookonchain, “the Bitcoin OG with 80,009 BTC ($9.46 B) has 
transferred 40,009 BTC ($4.68 B) to Galaxy Digital,” and Galaxy “has directly 
deposited 6,000 BTC ($706 M) into Binance and Bybit.” Bitcoin OG Whale Awakens 
The activity began late Monday evening (UTC). First, 9,000 BTC—about $1.06 
billion—left the dormant wallet, followed an hour later by another 7,843 BTC 
($927 million) Over the next five hours several smaller tranches arrived at 
Galaxy Digital’s custodial accounts before the decisive push that brought the 
running total to 40,009 BTC. Blockchain explorers show the coins originated 
from a bech32 address that first received block rewards in early 2011, when 
bitcoin changed hands for less than one US dollar. Related Reading: Bitcoin 
Price Trajectory To $155,000: Why No Major Dips Are Expected From Here 
Notably, Galaxy Digital operates one of the largest over‑the‑counter (OTC) 
desks in the industry and regularly intermediates block trades for 
institutions seeking to avoid slippage on public venues. The firm advertises 
“premier execution” and bespoke liquidity provisioning for trades that are too 
large for order‑book execution. On‑chain analysts therefore read the wallet’s 
choice of counterparty as a signal that the owner intends to liquidate at 
least part of the hoard discreetly rather than deploy it into DeFi or cold 
storage. Within hours of receiving the coins, Galaxy split 6,000 BTC between 
Binance and Bybit, the two venues that currently post the deepest spot‑BTC 
liquidity. Bitcoin had just printed an all‑time high of $123,153 on 14 July, 
buoyed by Washington’s “Crypto Week” legislative push. As the OG whale’s 
transactions hit public mempools, spot prices recoiled more than 6%, sliding 
from $123,000 to an intraday low near $115,700 before stabilising around 
$116,900 at press time. Related Reading: The Bitcoin Liquidity Supercycle Has 
Just Begun, Says Hedge Fund CEO With half of the stash now under Galaxy’s 
control and only a fraction confirmed as exchange deposits, traders are 
bracing for further transfers. If Galaxy executes an OTC cross, the impact 
could be muted; if the coins bleed into order books, bids at $112,000‑$115,000 
will face a major test. US Inflation Data Dampens Sentiment However, today’s 
price drop can not solely be attributed to the OG whale’s doing; it coincided 
with the US Bureau of Labor Statistics’ June CPI print, which showed headline 
consumer prices rising 0.3 % month‑on‑month and 2.7 % year‑on‑year—up from 2.4 
% in May—while core CPI ticked up 0.2 % on the month and 2.9 % on the year. 
The modest print pushed the dollar index above 95.5, and risk assets have been 
whipsawing ever since. “The price action on the dollar pretty much tells you 
everything you need to know about this CPI report—mixed and the market is 
trying to digest it and to figure out the direction today,” observed Daan 
Crypto Trades on X. At press time, BTC stood at $116,972. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock

Bitcoin’s “structural imbalance” signals that it probably won’t experience a 
significant downturn in the near term, says 21Shares crypto research 
strategist Matt Mena.