Weekly Recap | BTC Consolidates at Highs, Over $500M Raised, and New Updates from Echobit
2025.07.28
Week in Review (July 21 – July 27)
As the "U.S. Crypto Week" kicked off, BTC and major altcoins gained upward momentum before entering a period of sideways consolidation. By the end of the week, the market showed signs of recovery. On the macro front, former U.S. President Trump pushed the Fed for rate cuts and announced a massive trade deal with Japan. Meanwhile, Ethereum saw validator exits totaling $1.9 billion, though institutional demand for staking remains strong. The White House's first crypto policy report is expected this week and could significantly impact the industry.
Let’s review the key events of the past week and preview what’s ahead.
Market Pulse
- U.S. Bitcoin spot ETFs recorded $72.3M in net inflows; Ethereum spot ETFs saw $1.846B in net inflows
- South Korea’s regulators ordered a cap on crypto-related stock exposure in ETFs, targeting Coinbase and others
- 21Shares filed an S-1 for an ONDO spot ETF
- FTX to begin next round of repayments by the end of September; disputed claims reserve reduced by $1.9B
- Trump announced a $550B investment agreement with Japan, including a 15% reciprocal tariff policy
Funding & M&A
Last week saw 20 funding deals across the blockchain and crypto space, totaling more than $506M, mainly in infrastructure and CeFi sectors:
- Gaia, an AI inference platform, raised $20M in seed and Series A rounds led by Mantle
- Poseidon, a decentralized data layer, secured $15M in a round led by a16z
- Lightyear, a European investment platform, raised $23M led by NordicNinja
- Hilbert Group, a Sweden-listed firm, raised $15.8M to support its Bitcoin reserve strategy
- Bitzero, a green crypto mining firm, raised $25M for expansion
- Satsuma, a UK-listed company, secured $136M to accelerate its Bitcoin accumulation plan
- DSRV, a South Korean blockchain infrastructure firm, raised $11.6M in Series B
- MEI Pharma, a listed company, raised $100M in private placement and added Litecoin to its reserves
Policy & Compliance
- South Korea’s financial regulator is planning to impose new rules on token lending services offered by crypto exchanges
- The Central Bank of Ghana is drafting a regulatory framework for digital assets to support sector growth
Echobit Highlights
- Echobit is now officially live on the iOS App Store
- Launched the “Highest Rewards Across the Web” challenge, running from July 21 to July 31
- New spot listing: the PUMP/USDT trading pair is now available
- The "Echobit Futures Class" Learn & Earn campaign ran from July 21 to July 27, offering a chance to win 100 USDT
- Trade the CROSSUSDT futures pair to share $20,000 in double rewards from July 24 to July 31
- Share-to-Earn Challenge launched, running through July 31
- The Community Points Campaign also kicked off and runs through the end of the month
- The "Lost It All? Get 50% Vouchers Back" program began on July 28 and runs until August 10
Looking Ahead (July 28 – August 3)
- Stablecoin Layer2 network Plasma to conclude public sale on July 28
- The White House is expected to release its first crypto policy report on July 30
- Ethereum Foundation to host a global community event celebrating Ethereum’s 10-year anniversary
- U.S. Federal Reserve to announce its interest rate decision
- Trump’s 15% reciprocal tariffs with Japan will begin on August 1, 2025
- Hong Kong’s “Stablecoin Bill” will go into effect on August 1, 2025
- Major token unlocks expected next week for SUI, ENA, OP and more
Stay tuned with Echobit as we bring you critical market insights, policy trends, and investment opportunities—empowering every crypto user to navigate the market with confidence.