{"id":1509,"date":"2025-07-08T10:33:12","date_gmt":"2025-07-08T10:33:12","guid":{"rendered":"https:\/\/secretstradingchoice.com\/index.php\/2025\/07\/08\/crypto-market-recap-sec-issues-crypto-etf-guidance-bit-digital-pivots-to-ethereum\/"},"modified":"2025-07-08T10:33:12","modified_gmt":"2025-07-08T10:33:12","slug":"crypto-market-recap-sec-issues-crypto-etf-guidance-bit-digital-pivots-to-ethereum","status":"publish","type":"post","link":"https:\/\/secretstradingchoice.com\/index.php\/2025\/07\/08\/crypto-market-recap-sec-issues-crypto-etf-guidance-bit-digital-pivots-to-ethereum\/","title":{"rendered":"Crypto Market Recap: SEC Issues Crypto ETF Guidance, Bit Digital Pivots to Ethereum"},"content":{"rendered":"<\/p>\n

Here’s a quick recap of the crypto landscape for Monday (July 7) as of 9:00 p.m. UTC.<\/strong><\/p>\n

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.<\/p>\n<\/p>\n

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Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC) <\/strong>is priced at US$108,159, a 0.3 percent decline in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,591 and a high of US$108,551.<\/p>\n<\/div>\n

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Bitcoin price performance, July 7, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView.<\/em><\/p>\n

Bitcoin hovered near US$109,000 at the start of the day as investors shifted from equities to crypto in response to tariff-related uncertainty under US President Donald Trump.<\/p>\n

Meanwhile, MicroStrategy’s (NASDAQ:MSTR) paused its weekly Bitcoin purchases for the first time since March, signaling a strategic reassessment amid recent volatility. Together, macro pressures and institutional moves helped support Bitcoin\u2019s price.<\/p>\n

Ethereum (ETH)<\/strong> is priced at US$2,546.07, up by 0.2 percent over the past 24 hours. Its lowest valuation as of Monday was US$2,521, and its highest was US$2,553. <\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n
    \n
  • Solana (SOL)<\/strong> was priced at US$149.11, down by 1.3 percent over 24 hours. Its lowest valuation as of Monday was US$149.21, and its highest was US$153.06. <\/li>\n<\/ul>\n
      \n
    • XRP<\/strong> was trading for US$2.30, up 1.6 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.28, and its highest was US$2.30. <\/li>\n<\/ul>\n
        \n
      • Sui (SUI)<\/strong> is trading at US$2.87, down by 0.7 percent over the past 24 hours. Its lowest valuation was US$2.84 and its highest was US$2.92.<\/li>\n<\/ul>\n
          \n
        • <\/span>Cardano (ADA)<\/strong> is priced at US$0.5847, down by 0.4 percent in the last 24 hours. Its lowest valuation as of Monday was US$0.5764, and its highest was US$0.589. <\/li>\n<\/ul>\n<\/div>\n
          \n

          Today’s crypto news to know <\/h3>\n

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          CoreWeave to acquire Core Scientific for US$9 billion<\/h4>\n

          CoreWeave (NASDAQ:CRWV) signed a definitive agreement to acquire Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at US$9 billion, the company announced today. Core Scientific’s shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific, representing a 66 percent premium over Core Scientific’s June 25 closing price of US$12.30. <\/p>\n

          The deal had been in the works for over a year. A US$1 billion bid made by CoreWeave in 2024 was initially rejected as too low, but the Wall Street Journal reported in June 2025 that discussions between the two companies had resumed. <\/p>\n

          \u201cThis acquisition accelerates our strategy to deploy AI and (high-performance computing) workloads at scale,\u201d said Michael Intrator, CoreWeave’s CEO, Chair and co-founder. \u201cVerticalizing the ownership of Core Scientific\u2019s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion.\u201d<\/p>\n

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          Bit Digital shifts corporate treasury from Bitcoin to Ether<\/h4>\n

          Digital asset firm Bit Digital (NASDAQ:BTBT) has shifted its corporate treasury from Bitcoin to Ether, according to an announcement made by the company on Monday. <\/p>\n

          The change was punctuated by a purchase of more than 75,000 ETH tokens, funded by the sale of 280 Bitcoin and proceeds raised during a recent public offering that brought in US$172 million. <\/p>\n

          According to the announcement, Bit Digital held 24,434 ETH prior to the offering, and the additional ETH acquisition has brought the company\u2019s total to approximately 100,603 ETH. This move establishes Bit Digital as the second-largest corporate holder of ETH after Coinbase Global, according to CoinGecko data.<\/p>\n

          <\/span>Following this news, Bit Digital’s stock closed over 18 percent higher, and its market capitalization temporarily rose above US$1 billion.<\/p>\n

          The Blockchain Group and Smarter Web Company expand Bitcoin holdings<\/h4>\n

          On the other hand, France\u2019s The Blockchain Group (EPA:ALTBG) and the United Kingdom\u2019s Smarter Web Company (AQSE:SWE) expanded their Bitcoin holdings today.<\/p>\n

          In a Monday announcement, The Blockchain Group said it acquired 116 BTC for about 10.7 million euros, bringing its total holdings to 1,904 BTC.<\/p>\n

          The Smarter Web Company announced its purchase of 226.42 BTC for 17.9 million pounds, bringing the company\u2019s total to 1,000 BTC.<\/p>\n

          SEC\u2019s crypto ETF guidance signals mainstream shift<\/h4>\n

          The US Securities and Exchange Commission took a major step toward regulating crypto exchange-traded products with its first formal guidance on crypto ETP disclosures, according to a Reuters analysis. <\/p>\n

          Issued last week, the 12 page document issues new guidance, stating firms should describe risks and custody arrangements in \u201cplain English.\u201d The document could speed up approval of dozens of new crypto ETFs tied to a variety of coins, including Solana, XRP and even Trump\u2019s meme coin, Reuters states. <\/p>\n

          Anonymous insiders told Reuters the SEC is also developing a more standardized listing rule to replace the case-by-case exemptions that currently delay launches. That change could shrink approval timelines from 240 days to as little as 75.<\/p>\n

          Musk\u2019s America Party goes all-in on Bitcoin, calls fiat ‘hopeless’<\/h4>\n

          Elon Musk confirmed that his newly formed America Party will officially embrace Bitcoin after declaring that \u201cfiat is hopeless\u201d in a post on X. <\/p>\n

          The move follows Musk\u2019s earlier hints at increasing his own Bitcoin exposure and praising Bitcoin as a hedge against traditional currency. <\/p>\n

          Musk was a significant figure in Trump\u2019s reelection campaign and even headed the Department of Government Efficiency before splitting with Trump over his budget bill and creating the America Party. <\/p>\n

          The shift could inject more digital asset discussions into US politics as Musk tries to build a third-party movement. <\/p>\n

          Despite hype from Dogecoin supporters, no plans for DOGE adoption were announced.<\/p>\n

          Metaplanet boosts Bitcoin stash past 15,500 BTC<\/h4>\n

          Japan\u2019s Metaplanet (OTCQX:MTPLF,TSE:3350) disclosed this week that it purchased another 2,205 BTC at an average price of 15.64 million yen per coin, spending around US$213 million. <\/p>\n

          This purchase brings the firm’s total bitcoin holdings to 15,555 BTC, making Metaplanet one of the world\u2019s largest corporate holders of the asset. <\/p>\n

          The company tracks a proprietary metric called BTC Yield, measuring the effect of share dilution on per-share bitcoin value. <\/p>\n

          For the second quarter, Metaplanet reported a BTC yield of 95.6 percent, down from 309.8 percent the previous quarter, but still strong enough to highlight aggressive growth. <\/p>\n

          Metaplanet\u2019s total BTC investment now tops US$1.38 billion.<\/p>\n<\/div>\n

          Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n

          Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n<\/p>\n

          This post appeared first on investingnews.com<\/div>\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Here’s a quick recap of the crypto landscape for Monday (July 7) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) is priced at US$108,159, a 0.3 percent decline in the last 24 hours.…<\/p>\n","protected":false},"author":1,"featured_media":1510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/posts\/1509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/comments?post=1509"}],"version-history":[{"count":0,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/posts\/1509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/media\/1510"}],"wp:attachment":[{"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/media?parent=1509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/categories?post=1509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/secretstradingchoice.com\/index.php\/wp-json\/wp\/v2\/tags?post=1509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}