Sign upToday: Crypto’s week of reckonings
2025-07-21
Here's what's happening today:
It’s about to be a busy one. The week kicks off with macro-level tension, political posturing, and on-chain action that could ripple through the market. From Washington’s first official crypto report to Solana’s airdrop frenzy and shifting Bitcoin dominance, traders have a lot to watch—if they want to stay ahead of the game.
Crypto policy drop
Mark your calendars. The Biden administration is finally unveiling its first-ever crypto policy report, required under Executive Order No. 14178. The report is expected to outline national-level frameworks for crypto oversight, potentially setting the tone for U.S. regulatory engagement heading into 2026.
Meanwhile, Trump took to Truth Social to blast Powell, dismiss The Wall Street Journal’s coverage, and again claim responsibility for record stock market highs. Classic Trump, classic chaos.
Bitcoin dips
Bitcoin’s market share (BTC.D) has now fallen eight days in a row, sliding to 60.94%—below the 2024 peak. That’s a clear sign that capital is rotating across alts, and that BTC’s stronghold is cracking, at least temporarily.
At the same time, stablecoins are stirring:
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USDT inflows: +$777M
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USDC outflows: -$326M
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Total stablecoin market cap: $228.4B
It’s not just a shuffle—it’s a setup. Stablecoin whales are back, and they’re choosing sides.
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Alpha watch
We’ve got airdrops incoming, teams pretending not to dump, and Shanghai out here giving blockchain gold stars. Let’s dig in.
MetaMask kicked off its Odyssey event this week, and if you’ve got two clicks and gas to spare, you can mint a free NFT on Linea for a shot at weekly USDC rewards. Five grand, every week. It’s basically DeFi Bingo with better prizes and fewer grannies. Not bad for a browser extension.
Meanwhile, Pump.fun’s co-founder Alon Cohen has officially confirmed that Solana wallets are about to get blessed. The $PUMP airdrop hits on July 24, 15:00 UTC. Criteria? Vague. Eligibility? Chaotic. Expect the usual Solana suspects to flex first and complain about allocations later.
WLFI’s doing the delicate dance of not crashing their own token. The team says it won’t be unlocking its stash (cool), but early investors who got in at $0.015 and $0.05 are starting to see their bags drip out (less cool). Apparently, they’re coordinating with major CEX partners, so hopefully this doesn’t end in a flaming wick of doom.
CFX just got the “first-tier global blockchain” crown from the Shanghai government. Which is kind of like being named valedictorian at a school where the principal also mines crypto. Still, regional flexes like this can move markets—especially in Asia.
Oh, and if you’re hearing murmurs about scooping YT at the dip? You’re not alone. Whales love a wounded token almost as much as they love retail exit liquidity. Play it smart, or you’ll end up bagholding someone’s alpha exit.
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