Bitcoin Worth $2.6 Billion Moved by Galaxy Digital
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In the rapidly evolving world of cryptocurrency, the week of July 25, 2025, saw a flurry of significant events that have shaken up the market. Here's a rundown of some of the most notable developments.
MYX Finance is in the headlines following allegations of a $170 million airdrop Sybil attack. Meanwhile, the Securities and Exchange Commission (SEC) is taking a proactive approach to crypto regulation, hosting a roundtable to discuss financial surveillance, privacy, and crypto regulation.
One of the most intriguing stories of the week involves a Bitcoin transfer originating from a "Satoshi-era whale." On July 25, 2025, Galaxy Digital transferred 22,610 Bitcoin, worth approximately $2.6 billion, though the identity of the original sender remains undisclosed. This transfer sparked significant market volatility and price shifts.
Historical patterns suggest that the Bitcoin market is sensitive to such events, potentially leading to regulatory scrutiny. In fact, in 2020, similar whale-held Bitcoin transfers coincided with historic volatility spikes. As a result, the Coincu research team suggests continued monitoring of whale behaviors influencing market trends.
Another cryptocurrency making waves is Cardano $ADA, with Cardano futures surging to $6.96B and a possible $10 price target. On the other hand, Can $HBAR smash $0.50? Chart indicators hint at a run towards $1.
Meanwhile, the SEC and CFTC have approved spot crypto trading on registered exchanges, a move that could further legitimize the crypto market. This decision comes as the Federal Reserve highlights stablecoins amid the passage of the GENIUS Act.
In other news, the ECB calls for enhanced stablecoin regulation amid liquidity concerns, while Wyoming launches a state-issued stablecoin on the Hedera Network.
The cryptocurrency market is also seeing partnerships and collaborations. House of Doge and Bitstamp by Robinhood announce a strategic partnership for NYSE:ZONE Treasury, and Webus partners with Air China to enable XRP payments.
Notable events also include MicroStrategy eyeing an entry into the S&P 500 amid Bitcoin focus, PENGU eyes a major move ahead with October ETF decision and key support zone, and Aptos is named Gold Sponsor at Japan Summit as APT eyes a 2x breakout from a wedge.
Lastly, the Bridging Bitcoin Innovation and Public Policy event in D.C., and the Top 7 Cutting-Edge Blockchain & Crypto Mining Platforms - Leading the Market as the Best Earning Platforms, are events to watch in the coming weeks.
As of July 28, 2025, Bitcoin's price was nearly $119,478, with a market cap at $2.38 trillion. EthZilla secures $80 million OTC financing with Cumberland, and XRP Adoption expands as Fleet Miner turns holdings into predictable passive income (with a $15 bonus).
In the face of these developments, the cryptocurrency market remains a dynamic and exciting space, with numerous opportunities and challenges ahead.
Mayowa Adebajo is a seasoned freelance writer specializing in creating compelling, high-converting content across diverse industries. This article was written by her to provide an overview of the latest news and trends in the cryptocurrency market.
