Bilal Bin Saqib met El Salvador’s President Nayib Bukele to discuss Bitcoin adoption and signed a Letter of Intent for crypto collaboration.

Pakistan’s crypto minister, El Salvador’s president discuss Bitcoin strategy

Tim Scott praised the House of Representatives for passing the bipartisan 
Guiding and Establishing National Innovation for U.S. Stablecoins Act, marking 
a major step forward in U.S. digital asset regulation. In a July 17 statement, 
Senate Banking Committee Chairman Tim…

BREAKING: GENIUS Act passes House, Tim Scott hails stablecoin bill as milestone

After a drop post 2022, venture capital is once again taking an interest in 
the crypto industry.

Crypto venture capital fuding hits $16.5B in 2025, on track to break all-time records

The start of a new altcoin season could play a key role in sending SUI toward 
$5.

SUI’s next ‘altcoin season’ stop could be $5: Here’s why

The U.S. House of Representatives passed the Guiding and Establishing National 
Innovation for U.S. Stablecoins (GENIUS Act) with a 278-129 vote, a landmark 
bill regulating the $250 billion stablecoin market. The House passed the 
GENIUS Act today. Aimed at making the U.S. the &#8220;crypto capital of the world,&#8221; 
it mandates stablecoin issuers to maintain 1:1 […]

House Passes GENIUS Act With 308-122 Vote to Regulate Stablecoins

On-chain data shows the supply held by new Bitcoin buyers has seen a jump 
recently, a sign that the latest price rally is backed by fresh capital. 
First-Time Bitcoin Buyers Have Increased Supply By 2.86% In a new post on X, 
the on-chain analytics firm Glassnode has talked about the latest trend in the 
Bitcoin &#8216;First Buyers.&#8217; This cohort is part of Glassnode&#8217;s broader investor 
classification system that is based on behavior. The First Buyers include, as 
the name already hints, the holders who are buying the cryptocurrency for the 
first time. The supply associated with the group, therefore, can be considered 
as a proxy of the fresh capital entering into the sector. Related Reading: XRP 
Close Above This Level Could Send Price To $4.80, Analyst Says Other groups 
part of the behavioral classification include Momentum Buyers, the investors 
who ride the tide of price trends, and Conviction Buyers, who step in to buy 
during price declines. Below is the chart shared by the analytics firm that 
shows the trend in the Bitcoin supply held by the First Buyers over the last 
couple of weeks. As displayed in the graph, the Bitcoin First Buyers have seen 
their supply go up during the last two weeks, implying that fresh capital has 
potentially been entering the market. More specifically, the cohort&#8217;s holdings 
have gone from 4.77 million BTC to 4.91 million BTC in this period, 
corresponding to an increase of around 140,000 tokens or 2.86%. This is 
notable and suggests the price surge to the new all-time high (ATH) has 
attracted real demand. In some other news, the Bitcoin Puell Multiple has been 
relatively muted even after the price rally, as an analyst has pointed out in 
a CryptoQuant Quicktake post. The Puell Multiple is an indicator that keeps 
track of the ratio between the daily value of coins being &#8216;issued&#8217; by miners 
on the blockchain (in USD) and the 365-day moving average (MA) of the same. In 
short, the indicator informs us about whether the Bitcoin miners are currently 
making more revenue from block subsidy compared to the norm or not. 
Historically, the indicator shooting up to an extreme value has generally 
aligned with some sort of top for the cryptocurrency. As is visible in the 
chart, the BTC Puell Multiple is currently sitting around 1.2, which means 
that miners are making more than the average for the past year, but not by too 
much. If the past trend is anything to go by, this may be a potential sign 
that the current cycle still has room for growth. Related Reading: Bitcoin 
Next Key Level Is $136,000 If Momentum Holds, Glassnode Says Something to 
note, however, is the fact that the indicator&#8217;s peaks have been trending lower 
with each cycle. Thus, it&#8217;s possible that the metric would also top out at a 
lower level of miner revenue this time around. BTC Price Bitcoin hasn&#8217;t been 
able to sustain recovery since its low as its price is still trading around 
$117,000. Featured image from Dall-E, CryptoQuant.com, Glassnode.com, chart 
from TradingView.com