Saturday Top Crypto News In one short thread…

Yesterday, the spot Bitcoin ETFs saw a total net inflow of $363 million, marking 12 consecutive days of net inflows. Spot Ethereum ETFs recorded a total net inflow of $402 million, with 11 consecutive days of net inflows.

Late yesterday, President Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins, or GENIUS, as it’s more commonly known….

The bill would create a federal regulatory framework for stablecoins, requiring stablecoins to be fully backed by U.S. dollars or similarly liquid assets, mandate annual audits for issuers with a market capitalisation of more than $50 billion, and establish guidelines for foreign issuance.

Following Trumps signing of the GENIUS Act, Tether said it will bring USDT to the U.S. via the foreign issuer path and launch a local stablecoin. Circle said the law affirms its compliance model. Both CEOs attended the White House signing but did not interact.

Charles Schwab would like to issue its own stablecoin, its CEO Rick Wurster told analysts in an earnings call Friday, adding the firm to a growing list of traditional finance giants exploring the tokens.

According to CNBC, crypto exchange Bullish has filed for an IPO with the SEC and plans to list on the NYSE under the ticker “BLSH.” Led by former NYSE president Tom Farley, Bullish was spun out of Block one and is backed by Founders Fund, Thiel Capital, Nomura, and crypto investor Mike Novogratz. The company acquired crypto media outlet CoinDesk in 2023.

According to Bloomberg, Jack Dorsey’s fintech firm Block Inc. is set to join the S&P 500 index on July 23, 2025, replacing Hess Corp. following its acquisition by Chevron. The company is integrating Bitcoin payment capabilities into its Square terminals, reflecting Dorsey’s long-standing advocacy for Bitcoin.

Crypto majors trade at the following levels BTC 118,350 (down 1.7% in 24 hours) ETH 3,600 (down 1.6%) XRP 3.456 (down 4.5%) SOL 177.63 (down 3.1%) Have a great day!