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🌙 Crypto Markets Dip on Powell’s Comments

The cryptocurrency market experienced volatility on Tuesday following Federal Reserve Chair Jerome Powell’s latest comments on interest rate cuts, and news that the Senate passed President Donald Trump’s so-called “One Big Beautiful Bill.”

Author

Mike Gavela
July 01, 2025

Crypto Roundup - July 1

The crypto market experienced heightened volatility following fresh commentary from Federal Reserve Chair Jerome Powell and the Senate's advancement of sweeping digital asset legislation. Meanwhile, corporate adoption of Bitcoin continues to grow, with Figma joining the list of firms allocating BTC to their treasury. In a landmark regulatory move, the SEC approved a multi-asset Grayscale ETF, providing institutional access to a diversified crypto basket that includes BTC, ETH, SOL, XRP, and ADA — signaling a broader acceptance of crypto in traditional finance.

Top Stories

  • Senate advances major crypto bill that could redefine regulatory oversight and compliance standards.

  • Figma adds Bitcoin to treasury, reinforcing the trend of corporate crypto adoption.

  • SEC approves Grayscale ETF including BTC, ETH, SOL, XRP, and ADA — a milestone for diversified crypto investing.

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TOP STORIES

Crypto Markets Dip on Powell’s Comments, Senate Passing Trump’s ‘Big Beautiful Bill’ - "The Defiant"

The cryptocurrency market experienced volatility on Tuesday following Federal Reserve Chair Jerome Powell’s latest comments on interest rate cuts, and news that the Senate passed President Donald Trump’s so-called “One Big Beautiful Bill.”

thedefiant.io/news/markets/crypto-market-volatility-on-fed-comments-senate-passing-big-beautiful-bill

Figma IPO filing shows $70M in BTC ETFs, gets board nod for $30M more

Figma's S-1 reveals $70M in Bitcoin ETFs and board approval for $30M BTC via USDC, highlighting its Bitcoin corporate treasury strategy.

cryptobriefing.com/bitcoin-corporate-treasury-figma

SEC Approves Grayscale ETF That Includes BTC, ETH, SOL, XRP, ADA

The product will become the largest multi-token digital asset ETF in the world.

www.coindesk.com/markets/2025/07/01/sec-approves-grayscale-etf-that-includes-btc-eth-sol-xrp-ada

FUNDRAISING

Tom Lee Leads $250M Ethereum Strategy as BitMine Plans to Become Major ETH Holder

Major crypto investors back BitMine's strategic shift to Ethereum, with Fundstrat's Tom Lee joining as Chairman. See how this $250M raise transforms their treasury strategy.

www.stocktitan.net/news/BMNR/bit-mine-immersion-technologies-announces-250-million-private-2q4ngrykahsk.html

OTHER HEADLINES

Circle Launches USDC Chain Abstraction Tool for Devs - "The Defiant"

Circle has unveiled a new tool for developers that will let holders of its USDC stablecoin access a unified balance across supported blockchains.

thedefiant.io/news/infrastructure/circle-launches-usdc-chain-abstraction-tool-for-devs

You Can Now Trade Stocks Like NVDA and MSTR on Solana: Here's How It Works - Decrypt

Stocks like Nvidia, Tesla, and Strategy are now tokenized on Solana and trading via Kraken and other platforms. Here's what you need to know.

decrypt.co/328052/you-can-trade-stocks-nvda-mstr-solana-how

Strategy stacks another 4,980 bitcoin as Michael Saylor boldly predicts $21 million BTC in 21 years

Strategy's holdings now total more than 2.8% of the total 21 million bitcoin supply — worth over $64 billion.

www.theblock.co/post/360261/strategy-buys-more-bitcoin-in-21-years-youll-wish-youd-bought-more-michael-saylor-says

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