Australia’s Block Earner has launched a Bitcoin-backed mortgage as a new path into the property market, following a regulatory win that cleared the way for crypto-backed lending. As home prices in Australia continue to outpace incomes, a company is rolling out a Bitcoin-backed mortgage, offering crypto holders a new way to access the property market without selling their assets. On Wednesday, Block Earner launched the country’s first Bitcoin-backed home loan after fighting with regulators in court for over two years. The product was made possible by an April Federal Court ruling that found that Block Earner’s crypto lending products did not qualify as “financial products” under the Corporations Act. The decision cleared the company from needing a financial services license in order to offer Bitcoin as collateral in home loans. Read more
The start of a new altcoin season could play a key role in sending SUI toward $5. Key point: Growing interest in altcoins could push SUI above the stiff overhead resistance at $4.30, setting up a rally to $5. Bitcoin (BTC) has been consolidating after hitting the all-time high of $123,218. Although BTC has not given up much ground, its falling dominance of the total crypto market capitalization shows that money is flowing into altcoins. Read more
The company's stock price has been in a negative trend in 2025, indicating that a Bitcoin strategy is not a “panacea,” according to an analyst. Semler Scientific bought another $25 million in Bitcoin to push its holdings to nearly 5,000 BTC, but investors aren't buying into the buzz. Even with its treasury strategy and big gains on its crypto investments, the medical technology company’s shares are down 22% year-to-date. Semler bought 210 Bitcoin (BTC) in the first week of July at an average price of $118,974 per coin, according to a filing with the US Securities and Exchange Commission (SEC). The company now holds 4,846 Bitcoin, acquired for almost $455 million and now worth $577.9 million. The shift from medical technology business to the Bitcoin treasury company is backed by a $175 million capital raise through an at-the-market (ATM) offering in April. The company plans to hold 105,000 BTC by 2027. If Semler achieves its goal, it would hold 0.05% of all BTC that would ever be produced. Read more
The three bills on Republicans’ crypto agenda passed with bipartisan support despite continued pushback from Democrats over claims of corruption and conflicts of interest. After delays in Congress over Republican concerns with central bank digital currencies (CBDCs), the US House of Representatives has passed three pieces of crypto legislation. In a Thursday House session, lawmakers voted 294-134 to pass the Digital Asset Market Clarity (CLARITY) Act, a bill aimed at establishing a market structure for cryptocurrencies, 308-122 in favor of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, and 219-210 for the Anti-CBDC Surveillance State Act. Almost 80 Democrats voted yes for the CLARITY Act and more than 100 for the GENIUS Act, with the bills having been expected to move through the chamber before Congress breaks for its August recess. Read more
Data from Fidelity Investments suggests that Bitcoin is still mid-cycle in its adoption curve as institutional interest and inflows signal asset maturity. Key takeaways: Fidelity’s Jurrien Timmer says Bitcoin is still mid-cycle in its adoption curve. 125 public companies now hold BTC, with digital asset products witnessing $3.7 billion in weekly inflows last week. Read more