Bitcoin Hits New ATH, Dethrones Gold š
Feels like it's 2017 all over again. Bitcoin just shattered every ceiling we ever thought existed, leaving gold in the dust to claim the crown as 2025's top-performing assetā¦ Arenāt we just witnessing history in the making?
Meanwhile, we can all agree that it's better late than never, as Greece just had its crypto crime-fighting debut thanks to that Bybit hack, while Coinbase is out taking legal actions against Oregon officials for some sneaky policy changes behind the scenes.
And Robinhood? They're getting some unwanted attention from Florida's AG over their "cheapest crypto" claims.
The crypto space is always active, and so are regulators apparently.
Here are the Highlights:
- Bitcoin Hits $123,000, Overtakes Gold as 2025ās Top Asset
- Greece Makes First-Ever Crypto Asset Seizure After Bybit Hack
- Coinbase Sues Oregon Officials for Secretly Changing State Crypto Policy
- Robinhood Probed by Florida AGās Office Over Allegedly āDeceptiveā Crypto Pricing Claims
Bitcoin Hits $123,000, Overtakes Gold as 2025ās Top Asset
Bitcoin has surged to new all-time highs above $123,000 and just logged its highest-ever weekly close at $119,500, following another record weekly close the week before. Year to date, BTC is now up around 30%, pulling ahead of gold which has gained approximately 27% during the same period. According to analysis by Charlie Bilello, chief market strategist at Creative Planning, bitcoin and gold are the top two performing assets so far in 2025. Bilello notes, āWeāve never seen these two in the number one and number two spots for any calendar year.ā
Greece Makes First-Ever Crypto Asset Seizure After Bybit Hack
Greece has entered new territory in crypto enforcement. For the first time, authorities in the country have seized digital assets linked to a cybercrime case. The move follows a phishing attack that drained funds from a local userās Bybit account and signals a growing ability to handle crypto-related crimes through the legal system. The case began when a Greek citizen lost more than $150,000 worth of crypto in a phishing scam targeting users of the Bybit exchange. The attacker tricked the victim into revealing login credentials, then quickly transferred the assets out and tried to bury the trail using a series of wallet hops.
Coinbase Sues Oregon Officials for Secretly Changing State Crypto Policy
Coinbase has filed a lawsuit against Oregonās Governor Tina Kotek and Attorney General Dan Rayfield. The exchange accuses the state of making sudden changes to its cryptocurrency policy without appropriate legal processes or public involvement. The exchange argues that the stateās actions bypassed necessary rulemaking procedures, which should have included public hearings and opportunities for stakeholder feedback. On July 11, Coinbaseās Chief Legal Officer, Paul Grewal, criticized Oregon officials for altering their stance on digital assets behind closed doors.
Robinhood Probed by Florida AGās Office Over Allegedly āDeceptiveā Crypto Pricing Claims
Robinhood Crypto is under investigation in Florida for allegedly falsely advertising its platform as the least expensive way to buy crypto. In a Thursday press statement, Florida Attorney General James Uthmeier said his office has evidence to suggest that crypto traders actually pay more, on average, when using Robinhood than when using competing platforms. āCrypto is a vital component of Floridaās financial future, and President [Donald] Trumpās efforts to advance the crypto market will make America stronger and wealthier. When consumers buy and sell crypto assets, they deserve transparency in their transactions,ā
Other Highlights Worth Mentioning
El Salvadorās Bitcoin Stash Tops $760M as BTC Breaks Above $122K - Decrypt
FTX Unstakes $31 Million in Solana as Chinese Creditor Claims Add Pressure - BeInCrypto
Bearish Bitcoin Trader Loses $92M as Surge Wipes Out $426M in Short Liquidations - Coindesk
CZ threatens to sue Bloomberg over report linking Binance to Trump-backed USD1 stablecoin - Cryptoslate
COINIGY FACT OF THE DAY
On this day in 2023, Coinbaseās Base mainnet launched for developers
On this day, Coinbase unveiled the developer version of Base, its Ethereumālayerā2 blockchain, enabling builders to deploy smart contracts and experiment with decentralized applications. This launch marked a pivotal step in expanding Layerā2 ecosystems and supporting Web3 innovation by reducing costs and increasing scalability
COINIGY MEME OF THE WEEK
