Crypto Bills Blocked - Revote Expected After Trump Intervenes
Plus, do you really care about Pudgy Penguin PFPs?
Good evening, good morning, and good afternoon wherever you are in the world, and welcome to another episode of Daily Crypto News.
Today is Wednesday, July 16, 2025. It’s Kyle in for Matt. Trigger Matt needed a timeout after yesterday’s tirade. I’m joking - I concur on the F Maxine Waters take. Look at her. She withers. She doesn't water. She sucks, she sucks the life from the future of decentralized finance.
We’re going to hit the headlines and also tie you into some DeFi/Web3 news from around the past week. I know Matt hits some different topics, but it’s all good. I’m here to fill the gaps. Shoutout to Maddie on Spotify as well for the DeFi news encouragement a few weeks back.
What have we got on the docket today?
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.
Let’s give a shoutout to Phillipe from Substack for likening me to Doug Mackenzie from the Great White North. Definitely check out that classic comedy duo of hoseheads. I am not a hoser. I hail from the West Coast, Best Coast. As always, we love your feedback and enjoy getting your comments. Send them in!
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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