The cryptocurrency market has reached $4 trillion: the industry's capitalization is growing against the backdrop of a boom in Bitcoin and altcoins.

The total market capitalization of digital assets has reached $4 trillion for the first time in history. This occurred against the backdrop of Bitcoin rising to new historical highs and significant revitalization in the altcoin market.

Currently, the market capitalization stands at $4.03 trillion, and the daily trading volume has exceeded $277.4 billion, according to CoinGecko data.

Bitcoin's dominance in the market has slightly decreased to 59.5%, partly due to the active growth of Ethereum and other altcoins.

"More than $4 trillion is not just a symbolic figure, but evidence of the re-evaluation of the role of cryptocurrencies in the global financial system," said Vincent Liu, investment director at Kronos Research.

In his opinion, the rise of Bitcoin, significant inflows into Bitcoin ETFs, and the gradual normalization of regulation contribute to the return of large capital to the crypto industry.

The price of Ethereum has surpassed $3600.

The price of the second-largest cryptocurrency by market capitalization has exceeded $3,600. The value of the asset is around $3,620, according to CoinMarketCap data.

In one day, Ethereum has increased by 5%, and over the week – by 22%. Other cryptocurrencies with the largest market capitalization have also shown growth.

The price of Bitcoin is over $119 thousand, although at the beginning of the week, its price soared above $122 thousand.

Analysts at Santiment noted that the market capitalization of Ethereum has risen by 50% since June 22, 2025, reaching its highest levels since late January 2025. The number of active wallets holding Ethereum has exceeded 152 million – the highest figure among all cryptocurrencies.

France is considering a pilot project for Bitcoin mining to utilize excess electricity.

A group of deputies from the National Assembly of France has proposed a five-year pilot project to utilize excess electricity for Bitcoin mining. The corresponding bill was presented on July 11.

According to the authors of the bill, this approach will improve the country's energy efficiency. Today, companies often have to sell excess electricity at reduced prices due to a lack of effective accumulation mechanisms.

Mining can turn these losses into profit: according to estimates from the ADAN association, 1 GW of power can generate $100-150 million per year.

This initiative is also aimed at reducing the load on nuclear power plants. They are compelled to reduce generation under the influence of energy production from renewable sources, leading to accelerated wear and tear on equipment.

"Another advantage of mining is the production of heat, which is usually considered waste. It can be used for heating homes, greenhouses, or industry," the parliamentarians noted.

Similar solutions are successfully implemented in Iceland, Norway, and Sweden. If the law is adopted in France, data centers for mining will be established near power plants, in abandoned factories, and other suitable locations.

Thailand will allow tourists to exchange cryptocurrencies for baht to pay for services.

A pilot project is being launched in Thailand that will allow foreign tourists to exchange digital assets for Thai baht to pay for services. This initiative has been supported by the Securities and Exchange Commission of Thailand (SEC) and the Bank of Thailand, with the backing of cryptocurrency exchange operators.

The new program stipulates that visitors to the country will be able to convert their cryptocurrencies into Thai baht through licensed providers and use these funds through electronic money providers.

The system will operate in a controlled environment under close supervision of the SEC, the central bank, the Anti-Money Laundering Office, and other regulatory bodies.

It is important to note that the project is aimed exclusively at tourists temporarily in the country. Cryptocurrencies themselves cannot be used directly as a means of payment; payment is possible only after conversion into fiat currency on regulated platforms.

According to Gulf Binance CEO Nirun Phuwatananukul, this initiative is an evolution of a previous proposal by former Prime Minister Thaksin Chinnawat, who suggested creating a similar 'sandbox' in Phuket. However, the new plan has a broader geography and institutional support.

"Licensed digital asset exchanges, brokers, and dealers that receive SEC permission are allowed to participate in the sandbox. After approval, participants may provide services for 18 months with the possibility of extension at the SEC's discretion," the statement said.

However, the Vice President of the Tourism Council of Thailand, Bummikitti Ruktaengam, stated that authorities have not yet provided tourism operators with enough details about this initiative. In particular, there are concerns about money laundering, as Phuket already has issues with illegal foreign activities.