Crypto News Roundup (July 24–25, 2025): Bitcoin Nears $120K, U.S. Stablecoin Law Signed, Exchange Hacks & More
Bitcoin spiked to $120,000 before dropping 2%, triggering over $500 million in liquidations across 176,000 positions. On July 18, President Trump signed the GENIUS Act, establishing the first U.S. federal stablecoin framework. CoinShares secured Europe’s first MiCA license from France’s AMF. Binance reported spot volumes above $25 billion during the rally with no major outages.