What Happened in the Crypto Market Today: Major News and Insights

Crypto Market Sees Big Shifts: Coinbase Rumors, Bitmain Expansion, and Token Listings Heat Up the Scene

Global Crypto Market Overview: The crypto market is experiencing a steep drop today. The overall world market cap fell 5.4% over the last 24 hours, reaching $3.96 trillion. The trading volume for the last 24 hours reaches $157 billion, indicating high activity in spite of the decline. Bitcoin continues to lead with 59.4% ownership, followed by Ethereum at 11.7%.

The CMC Fear and Greed Index is now at 63 - Greed, down slightly from yesterday's 67, indicating a slight reversal of investor enthusiasm.

Source: CoinMarketCap

Crypto Market Today - Top Headlines and Updates

Coinbase Not Buying CoinDCX, Confirms CEO

A large rumor rocked the crypto space recently – that Coinbase was acquiring Indian exchange CoinDCX following its $44 million hack . However, CoinDCX CEO Sumit Gupta put the rumormongering to rest with a big post on social media.

"Just woke up and saw this news! Beware of the rumours! CoinDCX is super focused on building the Indian crypto story and not on sale!"

Co-founder Neeraj Khandelwal also reiterated this message, promising users that the company is more concerned with creating community and not selling the platform.

This public statement was necessary to reassure investors and remove uncertainty regarding the future of the company.

Source: X

Bitmain to Establish U.S. Factory by Q3 2025

China-based Bitmain Technologies , the world's leading manufacturer of crypto mining hardware, is expanding to the U.S. Bitmain announced it would start a new factory in either Texas or Florida before the end of Q3 2025.

The expansion is designed to help bypass hefty tariffs, reduce delivery times, and benefit local miners more. Bitmain's global business head, Irene Gao, stated that full-scale manufacturing will begin in 2026, with early next year seeing initial production.

As the crypto market becomes increasingly significant to the U.S. economy, local construction provides companies like Bitmain with strategic leverage.

Source: X

Bitcoin Solaris Launches: $20 Listing Price Forecasted

Bitcoin Solaris, BTC-S is coming out this week . Early Access users will receive tokens on July 30, while the public receives them on July 31. The coin will be listed initially on LBank and Raydium.

With more than 16,650 users, $8.3 million generated, and $79,693 in rewards from mini-games, the project is experiencing rapid growth. The token has a set supply of 21 million, similar to Bitcoin, but with some bonus goodies for community expansion.

Analysts estimate a launch price of $20, but caution that there will be early sell pressure. Some even claim it could reach $30, but only if interest from buyers remains strong and exchanges besides Coininvest and Parlerinvest add support.

Source: X

Galaxy Digital Plunges $9B in Bitcoin Quietly

The other crypto market shocker came from Galaxy Digital. In a single week, the firm facilitated a client to sell more than 80,000 BTC (valued at $9 billion). What's unusual? It did not break the market.

Subsequently, Galaxy transferred 3,782 BTC again , triggering fresh buzz. Cumulatively, they now possess 18,504 BTC, valued at approximately $2.14 billion.

Though most think that these are regular transfers, there are some who worry that it might be another large investor selling on the quiet.

Source: lookonchain

Rhea Finance to List on Binance – Explosive Profits Ahead

Rhea Finance, a new DeFi venture based on the NEAR Protocol, will officially list its RHEA token on Binance on July 30, 2025 .

Created through the combination of Ref Finance and Burrow, Rhea unifies trading, lending, and liquidity into a single platform. The listing has generated huge hype, particularly with only 8.6% tokens being available for trading on launch — which may trigger a sudden price rise.

• Listing price: $0.01

• Predicted price surge: $0.10–$0.25 within hours

• Airdrop live: Early adopters can verify eligibility through official site

• Token supply: 1 billion with 3-year vesting

• Use case: Governance, staking, rewards, and platform utility

High volatility is anticipated by analysts at launch, but if adoption increases and exchange listings persist, RHEA can be a leading DeFi token on NEAR.!

Final Thoughts

The crypto market is abuzz with big moves - from factory launches and company denials to new token launches and billion-dollar BTC transfers. Every story this week demonstrates how quick and volatile the space is.

Whether it's monitoring a listing or monitoring whale activity, this one fact is certain: the crypto market is anything but quiet.