2025-07-20 Market Watch: Crypto markets see major institutional moves and regulatory shifts

Here is what happened yesterday in the crypto market:

US Congress Advances Crypto Legislation

The US Congress concluded its “Crypto Week” by passing the GENIUS Act and moving other crypto-related bills to the Senate for consideration. This signals growing legislative attention to the cryptocurrency space. However, not all reactions are positive; Congresswoman Marjorie Taylor Greene voiced concerns that the GENIUS bill could be a backdoor for a government-controlled central bank digital currency (CBDC) under the guise of private stablecoins. Read more

Charles Schwab to Offer Bitcoin and Ethereum Spot Trading

Charles Schwab, a major investment services company, is preparing to launch spot trading for Bitcoin and Ethereum. CEO Rick Wurster confirmed the expansion of their crypto offerings, signifying increasing mainstream financial institution involvement in digital assets. Read more

Jack Dorsey’s Block Joins S&P 500 While Bullish Seeks IPO

Jack Dorsey’s financial services company, Block, Inc., saw its stock surge after news of its inclusion in the S&P 500 index. This marks a significant milestone for a company deeply involved in the crypto ecosystem. In other exchange news, Bullish, a cryptocurrency exchange, has filed for an initial public offering (IPO) in the US and aims to list on the NYSE under the ticker “BLSH.” Read more

Ether Bullish Momentum Continues Towards $4,000

Analysis suggests that Ether (ETH) is on the verge of a significant short squeeze, with projections indicating a potential rise to $4,000 soon. A 10% price increase could trigger over $1 billion in liquidated shorts, fueling further upward movement. Read more

Indian Exchange CoinDCX Hacked for $44 Million

Indian cryptocurrency exchange CoinDCX was reportedly hacked, resulting in a loss of $44 million. The attackers compromised an internal account used for liquidity provisions. This incident underscores the ongoing security risks in the cryptocurrency exchange landscape. Read more