Friday Forecasts: 18/7/25
July 18, 2025

Your weekly pulse on markets, narratives, protocols, and policy.
Market Pulse
Crypto bounces on renewed optimism House could pass key stablecoin legislation this week
Cryptocurrencies and several stocks tied to the ecosystem rallied Wednesday after the House approved the procedural vote to consider three key crypto regulation bills after Republican lawmakers halted their passage Tuesday.
Standard Chartered launches bitcoin, ether spot trading for institutional clients
HONG KONG, July 15 (Reuters) – Standard Chartered (STAN.L), opens new tab will allow institutional clients to trade bitcoin and ether through its UK branch, the bank said on Tuesday, becoming what it said was the first global systemically important bank to offer such crypto services.
Narratives to Watch
Coinbase’s $100 billion milestone sparks trillion-dollar company speculation
Coinbase has crossed a significant milestone, reaching a market capitalization of over $100 billion amid renewed momentum across the crypto sector.
According to Google Finance data, shares of Coinbase (COIN) reached a new all-time high of $398.50 during trading hours on July 14. However, the stock’s value ended the day at around $394, reflecting a 2% increase during the period.
Solana Price Eyes $200 As Bulls Challenge $170 Resistance Level
Solana price could be on its way up towards its major resistance of around $170. This is after rallying strongly from its June lows. SOL recently tumbled above the $162-165 supply zone, only to fall to $168.
Solana has condensed around $163. It is currently facing a rejection test of the same range. This has been rejected several times below the level of $170. Should this consolidation prevail, then a fresh effort to crack the $170 price level may occur.
Protocol Watch
El Salvador Crosses Bitcoin Holdings Over $760 Million
El Salvador’s Bitcoin (BTC) holdings have skyrocketed, crossing $760 million as the value of BTC surpassed $122,000 over the weekend. Despite enduring the failure of Bitcoin as legal tender in 2021, the country continued to buy holdings in digital assets. Several industry leaders and sovereign powers criticized El Salvador’s planning, which has now shaped into a fruitful investment.
Nasdaq-listed Sonnet BioTherapeutics agrees to $888 million merger to become Hyperliquid Strategies, launch HYPE treasury
Nasdaq-listed Sonnet BioTherapeutics, Inc. has agreed to merge with Rorschach I LLC to become Hyperliquid Strategies, Inc. and launch a treasury strategy.
Rorschach I LLC is a newly formed company by an entity affiliated with Atlas Merchant Capital LLC, an affiliate of Paradigm Operations LP, and additional sponsors, according to a Monday press release.
Ripple Taps Luxembourg to Launch RLUSD Stablecoin Across Europe
The company has established a local entity—Ripple Payments Europe SA—and is now preparing to apply for an Electronic Money Institution (EMI) license, which would give RLUSD passporting rights across all 30 EEA countries.
The choice of Luxembourg reflects Ripple’s emphasis on working with regulators rather than bypassing them. With a well-connected financial ecosystem and key banking partners like BNY Mellon based locally, the country offers Ripple a compliant path to scaling RLUSD under MiCA’s stringent reserve and transparency rules.
Regulatory Radar
Citigroup considers issuing its own stablecoin, CEO says
Crypto bills set to advance this week take industry closer to mainstream
Moonrig Perspective
Markets are maturing — and so are narratives.
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