The total market value of crypto assets has surged past $4 trillion for the first time, fueled by a powerful altcoin rally and momentum from sweeping U.S. regulatory moves.
This historic milestone followed the passage of the first federal legislation for stablecoins—part of what lawmakers are calling “Crypto Week.”
The bill, championed by Republicans and endorsed by President Donald Trump, introduces federal and state oversight for dollar-pegged stablecoins, aiming to legitimize the $265 billion stablecoin market.
Investor appetite for U.S.-listed crypto ETFs remains strong. In July alone, Bitcoin ETFs have attracted $5.5 billion in inflows, while Ether ETFs brought in $2.9 billion.
Bitcoin Treasuries Surge
· BSTR Holdings became the fourth-largest Bitcoin holder with 30,021 BTC after securing $1.5 billion in PIPE financing.
· Semler Scientific increased its holdings past 5,000 BTC with a new $25 million purchase.
Markets responded positively to President Trump’s announcement of an executive order allowing retirement accounts like 401(k)s to invest in cryptocurrencies.
Additionally, the White House confirmed support for eliminating capital gains taxes on small Bitcoin transactions—boosting prospects for daily crypto use in the U.S.
Ethereum and Altcoins Shine
Ethereum is back in focus, climbing 9% to $3,654. The rally followed news that SharpLink Gaming increased its Ethereum acquisition target from $1 billion to $6 billion, now holding over 321,000 ETH (~$1.1 billion) after a major private round led by ConsenSys.
Altcoin Standouts:
· XRP: Surged 14% to $3.64—its highest in six years—with a $214 billion market cap, overtaking Tether (USDT) to become the third-largest crypto.
· ADA, LTC, LINK, HBAR: Up 12–15%.
· AVAX: +9% as Wyoming tests instant payments using a state-backed stablecoin on Avalanche’s Hashfire.
· DOGE: Jumped 15% to $0.2431 after Bit Origin announced a $500 million crypto treasury strategy centered on Dogecoin.
· INJ: Rose 8.5% to $14.60 following Canary Capital’s ETF filing aimed at including staking rewards.
· RAY: Gained 3%, boosted by Raydium DEX’s $190 million token buyback on Solana.
Global Developments
India is preparing to release its first crypto policy paper, with CoinSwitch CEO Ashish Singhal calling it a “defining moment” for the country’s digital asset future.
As the total crypto market cap approaches $4 trillion, Bitcoin’s dominance is slipping—signaling a potential rotation into altcoins, according to market maker Enflux.
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