đ Drivers Behind the Momentum
1. Legislative Tailwinds & âCrypto Weekâ in the U.S.
Congress is actively debating three major crypto billsâCLARITY, GENIUS, and the AntiâCBDC Surveillance State Actâbetween JulyâŻ14â18. Together, they promise clearer regulation for stablecoins, digital assets, and curbs on any governmentâissued digital currency, potentially setting a global standard .
2. Record-Breaking Bitcoin Inflows
Bitcoin just surged past $120K earlier this week, reaching highs near $123K. Spot ETF inflows reached over $1B in a single dayâbringing total ETF inflows in 2025 to more than $50B . This indicates large institutional validation.
3. Stablecoin Adoption Booming
Stablecoin supply has exceeded $250âŻB, driven by legislative clarity and partnerships with financial giants (e.g., MastercardâCircle, JPMorganâJPMD, Shopify, Stripe) . These tokens are now vital payment rails globally.
4. Institutional Embrace of ETH
Ethereum is gaining attention from traditional financeâfrom staking, smart contracts to tokenized stablecoin issuance. Companies pivoting from BTC to ETH treasury assets are sending real signals .