Weekly: new bitcoin records, the GENIUS Act, AML tightening, and hacker attacks
July 21, 2025
Bitcoin hits new ATH and enters global top‑5 assets
Between July 14 and 20, BTC reached an all-time high of $123,218, but later corrected below $116,000. The weekly gain was only 0.6%, yet investors remain optimistic.
Bitcoin overtook Amazon to claim 5th place in the global asset capitalization ranking (Companies Market Cap).
Crypto market capitalization exceeds $4 trillion
On July 18, 2025, the digital asset market hit the $4 trillion mark for the first time in history. This nearly matched the market cap of leader Nvidia ($4.2 trillion).
Trump signs historic GENIUS Act
U.S. President Donald Trump signed the first-ever federal law regulating stablecoins — the GENIUS Act. The bill provides a legal framework for the issuance and oversight of stablecoins.
Also signed:
- CLARITY Act — defining the legal status of crypto assets;
- Anti-CBDC Act — banning the launch of a digital dollar by the Fed.
Strict rules for crypto firms in the EU
The European Anti-Money Laundering Authority (AMLA) began oversight of crypto company beneficiaries and shareholders. The new rules apply across all 27 EU countries.
UK launches tokenization market strategy
The UK government presented a digital transformation strategy for wholesale financial markets focused on DLT, tokenized assets, and innovative payment mechanisms.
Ukraine and Czech Republic prosecute international crypto gang
Investigation concluded against 14 members of a criminal group that stole funds from EU banks and laundered them via phishing websites. Charges have been filed in court.
Two major exchanges hit by hackers
BigONE lost $27M due to a hot wallet breach.
CoinDCX (India) lost $44.2M in a Solana network attack. Some funds were moved to Ethereum via Tornado Cash.
OpenAI launches universal ChatGPT agent
The new ChatGPT tool handles complex digital tasks: shopping planning, competitor analysis, and presentation creation — with access to Gmail, GitHub, and other integrations.
More details here.
Weekly insights from Kursoff
Why Tether is not as reliable as it seems?
Despite USDT's popularity, Kursoff highlights — Tether remains nontransparent regarding reserves. The article analyzes risks linked to lack of audits, previous reliance on commercial papers, and geopolitical concerns.
How help saves lives — the second fundraiser by Kursoff Foundation
During its second fundraiser, the Kursoff community raised 2318 USDT for a combat unit holding the line under constant fire.
This case reflects the power of a community that supports even in the most unpredictable conditions.
Kursoff’s opinion
This week clearly marks a new chapter in the crypto market. On one hand — all-time highs and record capitalization; on the other — increasing regulatory pressure and fresh hacker attacks.
It’s becoming clear: the Wild West era is ending. The time has come when competence, transparency, and security are not just trends — but a necessity for survival.