Cryptocurrency markets have experienced notable activity in early to mid-July 2025, with Bitcoin (BTC) reaching new all-time highs and Ethereum (ETH) leading gains among major cryptocurrencies. BTC surged past $118,000 on July 11 and hit a record $122,600 by July 17, while ETH rallied to $3,430, marking a 9% increase on July 17 and a 33% rise over the month. ETH exchange-traded funds (ETFs) have seen substantial inflows, setting a new record of $727 million, nearly surpassing BTC ETFs in popularity. Market dynamics included over $1 billion in shorts liquidated, the largest liquidation in four years, and increased profit-taking among short-term Bitcoin holders amid overheated market conditions. Additional developments include the launch of a Solana staking ETF with $33 million in volume on its first day, BlackRock's IBIT ETF generating more fees than its S&P ETF, and Coinbase's acquisition of Liquifi token management. The Trump administration is set to publish a crypto policy report by July 22, and Trump's Truth Social platform filed for a 'Blue Chip' ETF featuring BTC, ETH, SOL, XRP, and CRO. Robinhood's CEO reaffirmed plans to offer thousands of tokenized private stocks despite disputes from OpenAI regarding Robinhood's tokenized stock claims. Other notable events include Cantor Fitzgerald's near $4 billion SPAC deal with Adam Back to purchase BTC, the US Department of Justice dropping its investigation into Polymarket, and the PUMP token's acquisition of Kolscan alongside a $4.9 billion valuation token sale. The crypto market also saw new product introductions such as Phantom's perpetuals trading and SharpLink Gaming's significant ETH acquisitions. The broader market environment includes the S&P 500 hitting new highs and silver reaching a 14-year peak.