Crypto News Roundup (July 24–25, 2025): Bitcoin Nears $120K, U.S. Stablecoin Law Signed, Exchange Hacks & More
Bitcoin briefly spiked to $120,000, retraced about 2%, and triggered liquidations of over 176,000 positions totaling more than $500 million in losses. On July 18, 2025, President Donald Trump signed the GENIUS Act, creating the first federal framework for stablecoins and requiring issuers to