Washington DC Can’t Stop Talking About Bitcoin

Trump supports scrapping capital gains taxes on small Bitcoin purchases.

El Salvador has stopped buying Bitcoin, per the IMF.

Adam Back’s BTC Treasury Co. aims to go public as the 4th largest.

Bitcoin over Bluetooth is here. Bitchat now lets iOS and Android users send BTC directly, phone to phone, using built-in Cashu ecash wallets. No internet. Just instant, untraceable digital cash.

Bitcoin’s Realized Cap surpasses $1 trillion for the first time, 25% of it added in 2025 alone. Unlike market cap, it values each coin at its last moved price, giving a clearer picture of net investor inflows.

Strike launches Virtual USD accounts in 60+ countries, enabling users to deposit, buy Bitcoin, and withdraw cash faster and cheaper.

The OCC, Fed, and FDIC issue joint guidance on crypto custody, where according to the rules, Banks can hold crypto for customers but must have full control of the keys to claim control.

The White House reaffirms that President Trump supports a de minimis tax exemption for purchases under $600 made with Bitcoin.

A FOIA request reveals the US Marshals hold just 29K BTC, only 15% of the 200K once believed. The low figure has sparked speculation of secret government sales, though it may only include forfeited (not seized) coins.

Trump is set to open the $9T US retirement market to crypto, gold, and private equity. An executive order expected soon would let 401(k)s include alternative assets like Bitcoin.

US Bitcoin ETFs are on an 11-day inflow streak, adding $5B and pushing total inflows to $54.1B since launch. BlackRock leads with $2.4B this week and over 727,000 BTC, now the most profitable ETF in its lineup.

Australia’s first Bitcoin-backed home loan is set to launch after a hard-fought win over regulators. Rates start at 9.5% with a 40% Loan To Value (“LTV”), and rise to 11.93% with an 80% LTV.

Strategy crosses the 600K BTC mark, now holding 601,550 BTC after acquiring 4,225 more for ~$472.5M. With a YTD BTC yield of 20.2%, their total stack was purchased at an average price of ~$71,268 per coin.

Adam Back partners with Cantor Fitzgerald to launch BSTR, a Bitcoin treasury firm going public with 30,021 BTC. The company also secured $1.5B in PIPE financing, a record for a Bitcoin SPAC deal.

The Smarter Web Company unveils a new valuation metric, P/BYD (Price to Bitcoin Yield & Deployment), to help investors evaluate Bitcoin treasury companies, similar to how P/E is used for traditional equities.

French lawmakers submit a five-year bill to the National Assembly aimed at using excess energy, mainly from nuclear and renewables, to mine Bitcoin.

Canaan inks a deal to supply 6,840 A15Pro miners, manufactured in the US and Malaysia, to Cipher’s Black Pearl facility in West Texas, sidestepping tariff pressure and boosting American hashrate.

Riot Platforms trims its stake in rival Bitfarms to 9.8%, reducing exposure below the 10% threshold after selling 13.5M shares for $14.3M between July 3–16.

Representative Marjorie Taylor Greene claims the signing of the GENIUS Act into law opens a backdoor to a central bank digital currency in the US.

Freddie New, Head of Policy at Bitcoin Policy UK, debunks Cabinet Minister Pat McFadden’s claim that Bitcoin political donations could enable foreign interference and challenges his talk of a potential ban.

IMF suggests El Salvador has stopped actively buying Bitcoin since signing its recent deal, instead consolidating existing holdings across government wallets.