Today, July 17, the U.S. House of Representatives is preparing to pass a package of bills that includes:
GENIUS Act – regulates stablecoins, already approved by the Senate;
CLARITY Act – establishes clear rules for tokens;
The law banning central bank digital currencies (CBDC) – everything will be included in the defense budget.
President Trump is expected to sign these documents on Friday – a significant step for the legitimization of the crypto industry.
📈 Market: bullish momentum continues
Bitcoin is trading around $118,000–$120,000, slightly consolidating but not falling.
Ethereum has risen by 8-9% and is confidently holding above $3,300–$3,560.
90 out of the 100 largest coins are up today. Among the leaders: FLOKI +35%, CRV +24%.
💧 High volatility: liquidations of $522 million
The market saw liquidations of $522 million in 24 hours – of which about $211 million was in Ethereum, $65.7 million in Bitcoin. This indicates high speculation and risks in the short term.
🌍 Institutional investors are getting involved
Total capitalization is rising to $3.8 trillion (~+66% since November).
Large funds – Wisconsin, Mubadala, Millennium – are actively investing in ETF structures.
Bitcoin ETF shows daily inflows – over $763 million recently in IBIT (BlackRock).
✅ Results for Binance Square
1. ⚖ Regulatory breakthrough – the passage of the GENIUS and CLARITY Acts could be a crucial moment for the crypto industry.
2. 🚀 Bull market – altcoins (ETH, FLOKI, CRV) are leading in growth, while BTC holds its positions.
3. 💡 The mass entry of institutional investors is more stable and larger than in previous periods.
4. ⚠️ High risk – sudden liquidations and corrections are possible due to volatility.
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