Bakkt Files $1B Bitcoin Buy, BlackRock ETF Soars, Trump $620M

Bakkt Files $1B Bitcoin Buy, BlackRock ETF Soars, Trump $620M

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Bakkt Files $1B Bitcoin Buy, BlackRock ETF Soars, Trump $620M

Bakkt Prepares for Bitcoin Buy with $1B Securities Filing

Bakkt Holdings has filed paperwork with U.S. regulators that could let it raise up to $1 billion. The move gives the company permission to sell stock, bonds, and other financial tools in future offerings. It also signals that Bakkt wants to start buying Bitcoin using those funds.

The filing follows a recent change in company policy. That update now allows Bakkt to directly invest in digital currencies like Bitcoin. So far, it hasn’t bought any crypto. But now it has the green light to do so, using cash or future money raised through sales of its financial products.

Bakkt has had a tough year. It lost two major clients—Bank of America and Webull—in early 2025. That news sent its stock tumbling by 30%. The company also hinted that it might drop its loyalty rewards business to focus fully on crypto services.

Its leadership says this is part of a larger plan. Co-CEO Akshay Naheta wants to turn Bakkt into a crypto-only infrastructure platform. The firm is also working with other companies to improve crypto payments. If Bakkt follows through, it could become one of the few traditional finance firms making large direct bets on Bitcoin.

Graphite Network Launches Tool to Fight Scam Calls Using Blockchain

Phone scams are everywhere—from fake banks in Asia to bogus tech support in Europe. With AI voices now copying real people, even smart users are falling for fraud. Graphite Network wants to stop this. Their new tool, called Phonebook, brings transparency to phone numbers using blockchain.

Phonebook lets users prove they own a number without revealing who they are. Once verified, their number connects to a smart contract that tracks trust scores. These scores rise or fall based on how others vote after interactions. If someone gets a suspicious call, they can check the number’s trust level. They can also vote it down if it seems fake.

Everything is stored on-chain. That means anyone can see the history, and no one can change it. Votes carry different weights depending on the voter’s own reputation. Abusers lose influence over time.

This isn’t just about protecting people. Platforms can also use it to screen users during signup. It helps DeFi and TradFi apps sort real users from fake ones without asking for too much personal info. Suspicious numbers get flagged or banned early. It’s all part of a plan to rebuild trust in phone calls, which are still the most used communication method in the world.


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BlackRock’s Bitcoin ETF Nears Top Spot in Company Revenue

BlackRock’s Bitcoin ETF, called IBIT, has become one of the firm’s biggest moneymakers. It now brings in more money than over 1,190 other funds managed by the company. Only two ETFs earn more. But that may soon change.

IBIT controls $76 billion in assets. With a fee of 0.25%, it generates about $191 million every year. The fund launched in January 2025 and has grown faster than almost any other ETF in history. In just a few days, it hit $2 billion in inflows. Within six months, it passed $50 billion.

Investors like IBIT because it gives them Bitcoin exposure without needing to hold the asset themselves. There’s no need for wallets or private keys. It’s easy, and it’s familiar—just like buying any stock or ETF.

Market experts believe IBIT will soon become BlackRock’s highest-earning ETF. Right now, it’s just $9 billion away from the top spot. That could happen soon if Bitcoin demand keeps rising.

IBIT’s growth is also seen as a sign that big investors are warming up to crypto. Hedge funds, companies, and advisors are adding Bitcoin to their portfolios. IBIT gives them a safe way to do it, using tools they already understand.

FTX Halts Payouts in Dozens of Countries Over Crypto Bans

FTX has stopped repaying creditors in 49 regions where crypto laws remain unclear or restrictive. The pause affects places like China, Nigeria, Zimbabwe, and Fiji. Although these areas represent only 5% of total claims, China accounts for over 80% of the frozen value.

The decision comes during FTX’s second phase of repayments. Around $5 billion has already been sent to approved users. But in restricted countries, legal risks have forced the company to hold off. FTX now wants a new claims system to handle the issue. Under this system, claims will only be honored if lawyers confirm the payouts won’t break local laws.

All claims from the 49 regions are now marked as “disputed.” People affected will get notices explaining the hold. They’ll also have at least 45 days to respond or contest the status.

In China, frustrated users have started speaking out. Some argue that while trading crypto is banned, owning digital assets and receiving U.S. dollars isn’t. They question why they’re being denied payment in cash.

FTX says one option may be for users to sell or transfer claims to people in approved countries. Until clear legal paths are found, many could be left waiting or forced to take alternative steps.

Trump Family’s Crypto Holdings Surge Past $620 Million

The Trump family now controls over $620 million in crypto. New data shows that Donald Trump, his son Barron, and linked firms have built a massive portfolio. It includes Bitcoin, Ethereum, and memecoins. This makes it one of the biggest crypto stashes tied to political figures.

A large chunk of the value comes from World Liberty Financial, a blockchain project run by Trump-linked companies. Reports say it raised $550 million through token sales. Around $390 million went to the Trump family. They also hold 22.5 billion of the platform’s tokens.

Trump’s crypto stake now makes up close to 9% of his reported wealth. His core businesses are still real estate and media, but digital assets are quickly gaining ground.

The family also launched a memecoin called Official Trump. It rolled out during his latest inauguration weekend. Together with CIC Digital, they control about 80% of its supply. The token is now worth around $150 million.

There’s also growing speculation that Barron Trump is behind a different memecoin called $DJT on Solana. A wallet linked to the project holds $170 million and is tied to other Trump-related addresses. While not confirmed, the clues have sparked debate about how deep the family is involved in the crypto world.

Trump-Backed Bitcoin Miner Raises $220M for Big Expansion

American Bitcoin Corp, tied to Eric Trump and Donald Trump Jr., has secured $220 million to grow its mining business. The funding came through a private sale of 11 million shares. The company will use the money to buy new mining gear and add more Bitcoin to its treasury.

Hut 8, which owns 80% of the venture, confirmed that some of the cash will go straight toward buying Bitcoin. This move shows a growing trend among miners to treat Bitcoin as part of their core strategy, not just a reward for mining.

The Trump-linked firm was founded in March. It’s a joint effort between Hut 8 and American Data Centers. While the Trumps don’t hold a majority stake, their involvement gives the company added attention and political reach.

Plans are already in motion to take American Bitcoin public. It recently filed early documents with the SEC for a potential IPO. The company also wants to merge with Gryphon Digital Mining. That would give it broader access to capital and boost its profile in North America.

A spokesperson said the goal is to become a global mining leader. With new funding and political connections, American Bitcoin is placing a big bet on the future of crypto mining.

Germany’s Top Bank to Offer Crypto Trading by 2026

Germany’s biggest banking group, Sparkassen-Finanzgruppe, will soon let its customers trade crypto. Starting mid-2026, users will be able to buy and sell digital coins through the official Sparkassen app. This marks a major shift for the group, which once banned crypto purchases.

Over 50 million clients will gain access to Bitcoin and other assets under the bank’s regulated system. The change reflects growing demand in Germany, despite the bank’s past concerns over risk and volatility.

Sparkassen picked its own unit, DekaBank, to run the new crypto services. DekaBank already has experience in the digital asset space. It will make sure everything meets local rules and safety standards.

Still, the bank remains cautious. It will not promote crypto trading or offer financial advice on these assets. A spokesperson made it clear that the bank still sees cryptocurrencies as high-risk investments.

The decision to launch trading was not made lightly. It comes after internal debates and a change in how the bank sees customer needs. Matthias DieĂźl, a senior executive, said customers deserve access to crypto if they want it.

By adding this option, Sparkassen joins a wave of traditional banks slowly entering the crypto world—carefully, but with growing confidence.

Circle Applies to Launch First National Digital Currency Bank

Circle, the company behind the USDC stablecoin, is taking a big step. It has officially applied to open a U.S. national trust bank. The new entity would manage USDC reserves and offer crypto custody services to big institutions.

If approved, the bank will be called First National Digital Currency Bank, N.A. It won’t take deposits or make loans. But it will give Circle the power to operate across all 50 states under one federal license. That means Circle could stop chasing separate approvals in each state.

This move follows Circle’s recent debut on the public stock market. The company’s value has shot up, and regulators are paying closer attention. Circle wants to stay ahead by building a trusted system for handling digital dollars.

The timing is no accident. A new law, called the GENIUS Act, is moving through Congress. It will set the rules for stablecoins in the U.S. Circle wants to be ready. Getting a national bank license would help it meet all the coming requirements.

Circle is also going global. It already has approval in Abu Dhabi and holds a full license in Europe. The new U.S. bank is part of a bigger plan to give USDC strong backing, tighter rules, and worldwide reach.

IMF Blocks Pakistan’s Plan to Cut Power Costs for Crypto Mining

The International Monetary Fund has rejected Pakistan’s latest plan to support crypto mining. The country wanted to offer cheaper electricity to mining firms, hoping to attract foreign investors. But the IMF said no, warning it could harm the already fragile power market.

Pakistan’s idea was to supply 2,000 megawatts at discounted rates. The goal was to use extra electricity and earn from new industries. But the IMF feared this would distort market prices and deepen financial problems. Earlier, a smaller version of the plan was approved for just three months. This time, the full offer was turned down.

Officials from Pakistan’s Power Division admitted the talks are still ongoing. But the IMF also raised legal concerns about whether mining is even allowed on a large scale in the country. Critics say the government didn’t properly consult before announcing its push into crypto.

The committee overseeing energy also discussed rising electricity theft and circular debt. One senator accused banks of being pressured into helping reduce national debt, saying regular people will pay the price later.

Despite the IMF’s rejection, Pakistan isn’t giving up. Talks continue as the country looks for new ways to build a crypto industry without crashing its already stressed power system.

U.S. House Republicans Launch ‘Crypto Week’ to Fast-Track Digital Asset Laws

House Republicans are launching “Crypto Week” on July 14 to push forward key laws on crypto. The goal is to make the U.S. a global leader in digital finance. This move comes after the recent signing of Trump’s “Big Beautiful Bill,” which focused on tech and innovation.

Three major bills are on the table. The first is the CLARITY Act, which aims to give clear rules for digital assets. The second is the Anti-CBDC Surveillance State Act. It would block any plans for a government-issued digital dollar. The third is the GENIUS Act, already passed by the Senate. It would regulate dollar-backed stablecoins and allow states to oversee issuers.

House leaders say the week marks a turning point. Congressman French Hill called it a chance to protect privacy, support stablecoins, and stop government control over people’s money. The House hopes to finalize these bills before the August break.

But there could be delays. Some legal experts warn that changes to the GENIUS Act are likely. If the House and Senate can’t agree, a special committee will be needed to settle the differences.

Still, lawmakers say they’re ready to move fast. The outcome of Crypto Week could define the future of crypto in the U.S.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin CryptoDaily Donald Trump ETF Trump
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