July 16: Crypto Bills Blocked - Revote Expected After Trump Intervenes
Daily Crypto News16 Jul 2025

July 16: Crypto Bills Blocked - Revote Expected After Trump Intervenes

Headlines for July 16

  • Amongst all the Epstein hoopla around the White House, Congress blocked the stablecoin bills in procedure. A revote is expected Wednesday after Trump intervened.
  • In case you missed it, Pump.Fun went through with its ICO on Saturday. It sold out in like 12 minutes and raked in $600M.
  • In recent data from Satoshi Club, the top blockchains for gaming are BNB, SKALE, Ronin, SEI, and WAX.
  • Sharplink Gaming also become the largest corporate holder of Ethereum on Tuesday, adding $400M worth of ETH and surpassing 280k total ETH
  • And we end the show trashing on Pudgy Penguin PFPs that have become a phenomena on Twitter.

Little Bitz

  • We spoke on ETH treasuries, what about SOL? Upexi raised $200M to boost its Solana treasury to 1.65M
  • Michael Saylor’s Strategy Now Owns 3% of All Circulating Bitcoin. That’s 3 out of every 100 BTC locked up by one company
  • The X phenomenon this past week was top crypto projects trading their profile pics to some version of a Pudgy Penguin. But who cares?

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