🚨 Top Crypto Headlines That Have Everyone Talking

Author

CoinGape Media
July 11, 2025

📰 News

Coinbase Seeks Transparency from Oregon Officials

In its legal filing, Coinbase requests detailed documentation about the state’s sudden reversal on cryptocurrency policy. For years, state officials had advised Oregon residents that digital assets, including cryptocurrency, were not regulated as securities.

In April, however, the Oregon Attorney General filed a lawsuit against Coinbase, claiming that by not registering with the U.S. Securities and Exchange Commission (SEC) or the Oregon Department of Consumer and Business Services, the exchange had acted illegally.

Coinbase argues that the state’s decision came unexpectedly, without any legislative action or public discussion. The company contends that Governor Kotek and other officials should provide transparency about the rationale behind the policy change.

“Sunlight is the best disinfectant, and transparency is the hallmark of good governance,” said Ryan VanGrack, Vice President of Litigation at Coinbase.

House Democrats Launch ‘Anti-Crypto’ Corruption Week

In a press release, Maxine Waters, who is the top Democrat on the House Financial Services Committee, and Stephen Lynch, a member of the Subcommittee on Digital Assets, announced that next week will be “Anti-Crypto Corruption Week.”

As CoinGape reported earlier, this is the same week (between July 14 and 18) that the GOP-led House has declared as ‘Crypto Week.’ The representatives intend to use next week to advance the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act.

However, Waters and Lynch plan to use their so-called “Anti-Crypto Corruption Week” to lead Democrats to oppose the Republicans’ efforts to “jam through the House three dangerous pieces of crypto legislation.”

These House Democrats claimed that these crypto bills pave the way for massive crypto fraud and legitimize “President Trump’s crypto corruption,” which they said has added $1.2 billion to his wealth. Waters remarked,

Aside from lacking urgently needed consumer protections and national security guardrails, these bills would make Congress complicit in Trump’s unprecedented crypto scam – one that has personally enriched himself, his entire family, and the billionaire insiders in his cabinet, all while defrauding investors

Meanwhile, the Anti-Crypto Corruption week is the latest of Waters’ initiatives to block Trump’s alleged corruption. In May, the Congresswoman proposed the ‘Stop Trump In Crypto’ Act to ban the president from engaging in crypto activities.

Meanwhile, it is worth noting that the GENIUS Act has already passed the Senate and now only needs the House to vote on it for it to proceed to the President’s desk. The CLARITY Act and Anti-CBDC Act still require debate on the House floor.

Ethereum Price Hits $3,000 for First Time in 5 Months

ETH has crossed the psychological resistance level of $3,000 for the first time in five months amid an increase in buying activity and a fresh wave of market interest towards the largest altcoin. Due to these gains, data from Coinglass shows that a large number of bearish traders with open short positions are squeezing out.

In just 24 hours, more than $219 million in short positions face closure, which adds to the buying pressure driving Ethereum price gains. Moreover, the current market conditions seem to be favoring long traders due to an increase in the funding rate to the highest level in a month.

The above data also shows that derivative traders are drawing their attention to ETH’s performance after derivative trading volumes increased by 39% to $126 million, while open interest also reached a multi-month high of $42 billion.

SOL Active Addresses Soar Ahead of PumpFun ICO

The number of 24-hour addresses on the Solana blockchain has increased by more than 400% in the last 24 hours to 17.1 million per Santiment data. This is the highest that these addresses have ever been, indicating that there is growing interest in SOL.

In most cases, a rise in the number of addresses often drives gains in the price because it also shows that the demand is high. This demand is coming from the developments happening with PumpFun, as traders likely start to buy more SOL ahead of this token sale, as they expect it might increase in price. The community is expecting that with this event, the Solana price will be in a good position to continue its gains.

In summary, the SOL price might be close to making a strong rally to the upside, considering the upcoming offering on the PumpFun meme coin launchpad. The number of daily addresses on the Solana blockchain has increased by more than 400%, and this is driving notable gains for the token, with a rounding bottom hinting at a 30% surge.