Ethereum's Crazy Surge in July: Regulatory and Funding Double Boost!
In July, Ethereum's price surged nearly 50%, leading the crypto market! The passage of the "GENIUS Act" provides a regulatory framework for stablecoins, enhancing Ethereum's advantages in DeFi, stablecoins, and tokenized assets, leading to a dramatic increase in transaction fees.
Institutional Demand Soars, Funds Pour In
Net inflow of $5.4 billion into US ETH ETPs, holding 6 million ETH. Public companies like Bitmine hold over 1 million ETH, and BTCS plans to raise $2 billion to increase holdings. In the derivatives market, Ethereum futures open interest has skyrocketed, with heightened speculative enthusiasm.
Bitcoin Steady Growth, Market Up Across the Board
Net inflow of $6 billion into Bitcoin ETPs, holding 1.3 million BTC. The smart contract sector leads the way, with the crypto index rising 15%. Although the AI sector is slightly weaker, market sentiment remains strong.
Short-term Valuation May Adjust, but Regulatory Tailwinds and Weak Dollar Favor Crypto Assets. With its stablecoin and tokenization advantages, Ethereum will continue to shine in the future!
