This Week in Crypto News (July 8th-13th, 2025): Fed Minutes, Trump’s ETF Push & a Key Polkadot Vote

A major week lies ahead for crypto markets, with several developments expected to influence investor sentiment and price action. From the release of the Federal Reserve’s meeting minutes to a new ETF filing backed by Trump Media, and a governance vote on Polkadot’s new crypto card, these events could set the tone for the next phase of market momentum.

1. FOMC Meeting Minutes to Be Released – July 9 at 18:00 UTC

The Federal Reserve will publish the minutes from its most recent FOMC meeting this Wednesday. With inflation still a concern and interest rate expectations shifting, investors are watching closely for any hints about future monetary policy.

Bitcoin has remained relatively stable between $100,000 and $110,000 in recent weeks, but options data from Deribit shows traders increasingly betting on a bullish breakout. According to QCP Capital, some traders are targeting a move to $130,000 if key resistance is broken.

How this could affect crypto investors:

• A dovish tone in the minutes may reignite bullish momentum across crypto markets.
• If rate cuts appear likely, risk assets like Bitcoin could see renewed inflows.
• Conversely, hawkish signals could suppress volatility and stall upward movement.
• A breakout above $110,000 could trigger increased buying pressure, fueled by leveraged bets on a rally. 

2. Trump Media’s Bitcoin and Ethereum ETF Application Acknowledged by SEC

The U.S. Securities and Exchange Commission has formally acknowledged an ETF application submitted by Trump Media, marking the beginning of the review process. The proposed ETF would give investors exposure to both Bitcoin and Ethereum, with 75% allocated to Bitcoin and 25% to Ether. Custody would be handled by Crypto.com’s Foris DAX Trust Company, with Yorkville America Digital managing the fund.

This filing joins a wave of recent crypto ETF proposals. According to reports, the SEC is exploring ways to simplify and automate the approval process for crypto ETFs more broadly.

How this could affect crypto investors:

• The ETF, if approved, would bring new mainstream exposure and credibility to Bitcoin and Ethereum.
• It could draw in retail and institutional capital from Trump-aligned or conservative investor bases.
• The SEC’s consideration of a simplified ETF approval framework signals a friendlier regulatory approach, which could benefit the entire crypto sector.
• ETF momentum supports the narrative of crypto as an established asset class.

3. Trump Signs ‘One Big Beautiful Bill’ — But Crypto Tax Fixes Left Out

On Friday, July 4, President Trump signed the “One Big Beautiful Bill” (OBBB) into law. While the bill includes sweeping tax and spending reforms, it notably did not incorporate the crypto-related tax changes proposed by Senators Cynthia Lummis and Kirsten Gillibrand.

Those proposals had aimed to simplify crypto tax reporting by exempting small transactions and clarifying the rules for staking and mining income.

How this could affect crypto investors:

• The absence of crypto tax reform maintains complexity and uncertainty in crypto reporting for U.S. users.
• Traders and everyday users may still face burdensome tax requirements on small or routine transactions.
• Continued lack of clarity may deter some new entrants or institutions from fully engaging with digital assets.
• Future efforts to push through standalone crypto tax reforms could remain politically contentious.

4. Polkadot (DOT) Card Vote Closes — Price May React

A key governance vote on the Polkadot network to approve the launch of a Polkadot-branded crypto card is set to close this week. If passed, the card would allow DOT holders to spend their tokens more easily in everyday transactions.

How this could affect crypto investors:

• A successful vote could enhance the utility and real-world use of DOT, supporting its long-term value.
• Positive sentiment around the vote may boost Polkadot DOT’s price in the short term.
• It showcases growing adoption efforts across Layer 1 blockchains, increasing competition with other smart contract platforms.

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