Give me update about crypto currency Here's a concise update on the cryptocurrency market as of July 31, 2025, based on the latest available information: Market Overview
Bitcoin (BTC): Holding steady around $118,000 after reaching a peak of $121,000. It saw a modest rebound from two-week lows, with an 8.22% increase in 24-hour trading volume. Bitcoin remains the largest cryptocurrency by market cap at approximately $2.36 trillion. Ethereum (ETH): Trading above $3,800, buoyed by a six-month high following the passage of a U.S. bill. Ethereum's market cap is around $466 billion, with a 0.07% increase in 24-hour trading volume. : Mixed performance across altcoins. HIVE surged 65% to $0.628, while dropped nearly 14%, and fell 15% due to insider sell-offs. Other notable altcoins include #BinanceHODLerTree BONK, TAO, SUI, DOGE, and NEIRO.
Regulatory Developments
U.S. Legislation: The U.S. House passed bills to regulate stablecoins and expand the Commodity Futures Trading Commission's oversight of cryptocurrencies. President Trump signed the GENIUS Act, a milestone for the crypto industry, boosting crypto-focused stocks. Anti-CBDC Measures: U.S. House bills include stronger protections against central bank digital currencies (CBDCs), reflecting a push to limit centralized digital dollars. Global Regulations: Hong Kong will enforce new stablecoin regulations starting August 1, 2025, with a six-month transition period for issuers. Russia’s Sberbank aims to offer crypto custody services, and Morocco’s central bank is exploring a digital currency for payments.
