Shift in Crypto Market Induced by U.S. GENIUS Act
In the ever-evolving world of cryptocurrency, several significant developments and regulatory changes have taken place over the past few weeks. Here's a summary of some of the key events:
SEC and CFTC Approve Spot Crypto Trading on Registered Exchanges
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have given the green light for spot crypto trading on registered exchanges. This decision is expected to bring more institutional involvement in the cryptocurrency market.
U.S. Job Openings Miss Expectations, Potential Crypto Impact
Recent economic news shows that U.S. job openings missed expectations, which could potentially impact the crypto market. As the Federal Reserve continues to monitor the situation, it remains to be seen how this development will influence the broader crypto environment.
Ethereum's Strong Price Momentum
Ethereum, the second-largest cryptocurrency by market cap, has displayed strong price momentum, rising by 108.46% over the past 90 days. This growth is partly attributed to the increasing popularity of Ethereum's staking, as investors seek alternative yield opportunities.
Luxury Travel Embraces Cryptocurrency Payment Options Globally
The luxury travel industry is increasingly embracing cryptocurrency as a payment option. This shift towards digital assets is expected to make transactions more seamless and accessible for high-end travellers.
The GENIUS Act and its Impact on the Crypto Market
In July 2025, the U.S. enacted the GENIUS Act, banning interest payments to stablecoin and token holders. This legislation affects the decentralized finance (DeFi) sector, prompting strategic shifts and influencing the macro crypto environment. The broader crypto market could witness increased regulatory scrutiny, impacting strategies and financial forecasts.
Notable Crypto-Related Events and Developments
- Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has filed for a Nasdaq IPO, aiming to raise $316.7 million.
- China Financial Leasing Group has expanded into crypto ETFs.
- MEXC, a cryptocurrency exchange, has joined the Ondo Global Markets Alliance and listed tokenized stocks, offering a $150,000 reward pool event.
- CleanCore has shifted its treasury focus to Dogecoin, with major backing.
- Trump has announced the creation of a strategic U.S. cryptocurrency reserve.
- Bybit Card has launched in Europe, offering unmatched 20% cashback.
- KuCoin has introduced KuMining, a service that promises "Simple Mining, Smart Gains" for effortless crypto accumulation.
- Aria has raised $15 million for its IP tokenization platform.
- Steven McClurg has highlighted XRP's position in Wall Street.
- Wormhole has countered LayerZero's $110 million Stargate bid in a new competition.
- Cardano $ADA futures have surged to $6.96 billion, with a possible $10 price target.
- Trump has proposed tariffs to replace U.S. income tax.
- According to CoinMarketCap, Ethereum (ETH) currently trades at $3,810.12.
- OxCousin, the Macro Analyst at IOBC Capital, has moved from London following the passage of the GENIUS Acts.
- ALGO has shown signs of being oversold, with RSI and Stoch resetting to suggest a potential bounce.
As always, it's essential to stay informed about the latest developments in the crypto space. Keep an eye on these events and how they may impact your investments and strategies.
