Mid-july is shaping up to be a historic period in crypto’s history, with several developing events shaping the future of the industry. This week we’ve had several news and events that will influence the market in the long term, including crypto regulations, altcoins’ momentum, and institutional adoption. 

The week started off strong for Bitcoin on the institutional level. On Monday, MicroStrategy became the first company to surpass 600,000 BTC in holdings, further solidifying its position as the largest Bitcoin treasury among publicly traded companies. 

Meanwhile, a new player is also adopting the Bitcoin strategy. On the same day, Sequans entered the top-30 companies holding BTC after a multi-million dollar $BTC purchase. At the same time, we reported how Bhutan offloaded 512 BTC as the asset traded near its all-time high. 

XRP also showed signs of the beginning of a strong momentum on Monday, surpassing the $3.00 mark for the first time in months. 

On Tuesday, U.S. regulators clarified how banks should manage crypto-asset safekeeping, outlining expectations around key control and compliance. The statement didn’t introduce new rules, but it offered a fresh perspective on what qualifies as proper custody.

Meanwhile, Sharplink acquired $213 million in Ethereum, becoming one of the top Ether holders in the corporate sector. As we will see throughout this article, Ethereum treasuries are quickly becoming the next new trend among institutions. 

Over to the U.S. Economy, this week’s CPI report showed easing inflation in consumer prices, potentially setting the stage for an interest rate cut by the Fed later in the year. 

Since we’ve just touched on macroeconomics, a day later, the PPI report corroborated the previous day’s CPI, as the Producer Price Index report printed the lowest yearly inflation since September 2024. 

At the White House, President Trump was negotiating with congresspeople in order to pass the GENIUS Act bill, marking the first major crypto-focused legislation introduced in Congress. On the same day, we started seeing reports that Congress already had the necessary votes to pass the bill, alongside two other major crypto legislation proposals. 

On Thursday, the GENIUS Act passed the House of Representatives, marking a major step forward for stablecoin regulations in the United States. If you’re interested in getting to know more about the soon-to-be legislation, we’ve covered all key points of the bill in this article. 

Also on this date, XRP broke new heights, entering price-discovery mode for the first time in over seven years. Interestingly, our price prediction piece hinted at the start of the week that XRP could be poised for a new ATH. 

The end of the week was certainly calmer when it comes to news, but not for the former Rugby star who was imprisoned for an alleged $900,000 crypto Ponzi scheme. 

Also on Friday, EU regulators took a closer look at DeFi smart contracts, publishing a summary of public feedback on certification standards. The joint report by AMF and ACPR highlighted technical and regulatory considerations, ranging from audit frameworks to compliance models.

Finally, President Trump signed the GENIUS Act into law, while executives from Tether and Circle pondered the new regulatory framework for stablecoins in the United States.