Mads Eberhardt

U.S. Congress delivers historic crypto wins with Trump signing the GENIUS stablecoin act and passing landmark digital asset bills. Ethereum ETFs attract record $3.28 billion July inflows while BlackRock files for staking approval. Despite price rallies, Ethereum network fees remain subdued, signaling reduced onchain activity and less Ether burning.

Middle East ceasefire propels Bitcoin up 5.8% and Ethereum up 7.9% as geopolitical risks fade. The first U.S. staked crypto ETF nears launch, signaling SEC acceptance of staking rewards, while mortgage giants prepare to accept crypto. Stablecoin supply surges by $48.85 billion, or 24%.

Trump's Big Beautiful Bill passes without the crypto tax reforms the industry hoped for, while its projected $3.3 trillion deficit impact, among other things, sends the dollar plunging 11.7% against the euro this year. Circle and Ripple pursue bank charters as markets brace for Wednesday's U.S. tariff deadline.

Geopolitical tensions rattled crypto markets as US strikes on Iranian nuclear sites triggered a weekend selloff, sending Bitcoin to $98,400. Meanwhile, the Senate's GENIUS Act passage sparked optimism in the stablecoin sector while record Ethereum staking signals strong holder conviction.

Bitcoin rises to $122,900, driven by a tech rally and corporate treasury strategies. Congress launches “Crypto Week” with key bills, while ETFs attract large net inflows in July, with $3.38 billion to Bitcoin and $1.1 billion to Ethereum. However, markets face uncertainty as Trump announces 30% tariffs on the EU and Mexico starting August 1.