1. Congress Passes the GENIUS Act
Congress just passed three crypto-related bills — the most significant being the GENIUS Act, which creates a federal framework for stablecoins and expands the CFTC’s role in digital asset oversight.
It’s the clearest signal yet that U.S. lawmakers are serious about bringing crypto into the financial mainstream — and markets responded fast.
Analysts say the move could unlock new institutional interest and give both issuers and investors more clarity moving forward.
🔊 Ric Edelman, founder of the Digital Assets Council, says:
“This is the clearest sign yet that crypto is becoming part of the U.S. financial system — not an outlier to it.”
2. Bitcoin ETF Inflows Hit $4 Billion in July
Bitcoin spot ETFs have brought in more than $4 billion in new inflows this month, pushing total assets under management to over $53 billion.
What’s different now? More of that capital is coming from long-term institutional players — not just retail momentum traders.
🔊 James Seyffart of Bloomberg says this surge shows Bitcoin is shifting from a speculative asset to a strategic allocation.
3. Ethereum Surges on ETF Momentum
Ethereum is up nearly 40% in July, fueled by $727 million in spot ETF inflows on a single day.
While this update focuses on Bitcoin, Ethereum’s momentum often leads to institutional spillover into BTC.
🔊 Matt Hougan, CIO at Bitwise, says:
“Ethereum inflows are a proxy for broader risk-on appetite in digital assets.”
🔗 Want to go deeper? Explore the original sources:
Congress Passes the GENIUS Act — Reuters
Bitcoin ETF Inflows Hit $4 Billion in July — Investopedia
Ethereum Surges on ETF Momentum — Investopedia
“I’m Ross Brand — tracking what matters in Bitcoin and helping you make sense of it.”
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Bitcoin Universe is for informational purposes only and does not constitute financial advice.
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