Trump Signs "Genius Act" Amid Crypto Meme Coin Surge Hotcoin Research Market Insights | July 21-25, 2025
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Trump Signs "Genius Act" Amid Crypto Meme Coin Surge Hotcoin Research Market Insights | July 21-25, 2025
If BTC and ETH maintain their strength, altcoins will see another upward trend.
Navigating Web3 tides with focused insightsCryptocurrency Market Performance
The current total market capitalization of cryptocurrencies is $3.79 trillion, with BTC accounting for 60.7% at $2.3 trillion.Stablecoin market cap stands at $265.2 billion, up 1.73% over the past 7 days, with USDT representing 61.8%.
|
Total Crypto Market Cap and Major Coin Trends (July 21-25) |
|||
|---|---|---|---|
|
Metric |
Value |
Weekly Change |
Key Drivers |
|
Total Market Cap |
$3.79 trillion |
+3.2% |
Accelerated altcoin rotation |
|
BTC Dominance |
60.7% |
-3.5% |
Capital flows into ETH and altcoins |
|
BTC Price |
$115,376 |
-1.53% |
Short-term profit-taking |
|
ETH Price |
$3,655 |
+12% |
ETF inflows + staking yield demand |
CoinMarketCap Among the top 200 projects, a small portion rose while most declined: CFX gained 64.49% over 7 days, ENA gained 26.03%, PENGU gained 25.49%, ZBCN gained 38.53%.
This week, net inflows into U.S. Bitcoin spot ETFs: $73.2 million; net inflows into U.S. Ethereum spot ETFs: $1.846 billion.
Market Outlook:
This week saw continued stablecoin issuance, large net inflows into U.S. Ethereum spot ETFs, and altcoins continuing last week's upward momentum. Both BTC and ETH remained in range-bound trading. The RSI index stands at 40.29, indicating weakness. The Fear & Greed Index is 71 (lower than last week).
Market Forecast (July 28 - August 1)
BTC: If breaking above $120,000, target $125,000; if falling below $115,000, test $112,000 support.
ETH: Pullback support at $3,500, upside target $4,000.
If BTC and ETH maintain strength, altcoins may see another rally.
Understanding the Present
Review of This Week's Major Events
1. Trump signed the "Genius Act," requiring stablecoins to be pegged to U.S. Treasuries and banning CBDCs;
2. Deutsche Bank report: Stablecoins could become a new pillar for U.S. Treasuries, with demand potentially reaching $1 trillion by 2028;
3. Surging demand for ETH staking yields, with annualized returns reaching 4.2%;
4. The U.S. House advances physical delivery reform for ETFs, reducing operational friction costs by 40%;
5. On July 20, Ethena Labs' stablecoin USDe surpassed 600 million in supply, currently at approximately 6,038,318,478, setting a new record;
6. On July 22, Paul Atkins, the newly appointed SEC Chair, stated in a CNBC interview that ETH is not a security;
7. On July 22, FTX's freeze on $470 million in overseas claims sparked strong opposition, requesting an extension to respond to creditors;
8. On July 23, the U.S. SEC approved Bitwise's conversion of its 10 Cryptocurrency Index Fund into an ETF, covering assets including BTC, ETH, XRP, SOL, ADA, SUI, LINK, AVAX, LTC, DOT;
9. On July 24, initial U.S. jobless claims for the week ending July 19 were 217,000, lower than the expected 226,000 and previous 221,000;
10. On July 25, Christie's subsidiary launched a cryptocurrency real estate trading division, allowing buyers to use digital currencies to purchase properties.
Macroeconomic
1. On July 21, according to CME's "Fed Watch": Probability of unchanged Fed rates in July is 95.3%, probability of a 25 basis point cut is 4.7%;
2. Trump calls for interest rate cuts to 1%, even threatening to replace Powell, increasing policy uncertainty;
3. On July 24, the European Central Bank kept its deposit facility rate unchanged at 2%, meeting market expectations, after seven consecutive rate cuts. The main refinancing rate and marginal lending rate remain unchanged at 2.15% and 2.40%, respectively.
ETF
According to statistics, between July 21 and July 25,net inflows into U.S. Bitcoin spot ETFs: $73.2 million; as of July 25, GBTC (Grayscale) has seen total outflows of $23.54 billion, currently holding $21.329 billion, IBIT (BlackRock) currently holds $86.111 billion. Total market cap of U.S. Bitcoin spot ETFs: $152.202 billion.
Net inflows into U.S. Ethereum spot ETFs: $1.846 billion.
Envisioning the Future
Event Preview
1. Wanxiang Blockchain Lab will host the "Ethereum's Decade: Glorious Years" themed gathering at 14:00 on July 30 in Hongkou, Shanghai. The event will invite Ethereum technical experts, industry thought leaders, and academic scholars to deeply review ten years of achievements and challenges, and discuss future paths around hot topics such as stablecoins and RWA;
2. GOAT Network Global Tour will hold an offline event titled "Finding Sustainable BTC Native Yield Paths" at 14:00 on July 31 in Chengdu;
3. MEET48 announced forming a global strategic partnership with SNH48 GROUP Annual Youth Gala, hosting the first Web3.0 Global Idol Annual Popularity Election, and jointly holding a results announcement and awards ceremony at AsiaWorld–Arena, Hong Kong, China on August 2;
4. WebX Asia 2025 will take place in Tokyo, Japan from August 25 to 26, 2025;
5. Coinfest Asia 2025 will be held in Bali, Indonesia from August 21 to 22;
6. Bitcoin Asia 2025 will be held at the Hong Kong Convention and Exhibition Centre from August 28 to 29.
Project Updates
1. Hashdex will launch GBTC11, a hybrid Bitcoin and gold ETF, in Brazil on July 29. GBTC11 will track the FTSE Bitcoin and Gold Risk-Weighted Index with dynamic allocation between the two;
2. Binance announced support for the League of Kingdoms (LOKA) token swap and rebranding to Arena-Z (A2Z), with all LOKA tokens exchanged for A2Z at a 1:1 ratio. Binance will open trading for A2Z/BTC and A2Z/USDT pairs at 16:00 on July 30;
3. The new USDe pool launched by Ethena Labs in collaboration with Pendle expired on July 31, with a maximum Ethena reward ratio of 60x;
4. Kinto, a modular trading platform in the Arbitrum ecosystem, stated that if stolen funds are recovered or additional funds raised, the team will restore K token balances to pre-hack snapshot levels and restart trading on CEXs at pre-attack prices by July 31;
5. Paradex, a decentralized perpetual derivatives Layer2 application chain, second XP season runs from January 3, 2025 to July 31, 2025, with token distribution planned upon season end. In DIME's tokenomics, 20% of tokens will be allocated to genesis airdrops;
6. Worldcoin extended the redemption deadline for unclaimed WLD reserved tokens by one year to July 31, 2025;
7. MEET48, the Web3 entertainment platform, first Global Idol Annual Popularity Election (WIPA) final voting ends on August 2, with results announced at AsiaWorld–Expo, Hong Kong.
Key Events
1. July 30 at 20:15, U.S. releases July ADP employment numbers (in thousands);
2. July 30 at 21:45, Bank of Canada announces interest rate decision and monetary policy report;
3. July 31 at 0:20, U.S. releases upper bound of Federal Reserve interest rate decision for July 30;
4. August 2 at 20:30, U.S. releases July unemployment rate;
5. August 2 at 20:30, U.S. releases July seasonally adjusted non-farm payroll employment (in thousands).
Token Unlocks
1. Artificial Superintelligence Alliance (FET) will unlock 3.05 million tokens on July 28, worth approximately $2.4 million, representing 0.12% of circulating supply;
2. Jupiter (JUP) will unlock 53.71 million tokens on July 28, worth approximately $30.62 million, representing 1.78% of circulating supply;
3. Optimism (OP) will unlock 31.37 million tokens on July 31, worth approximately $22.75 million, representing 1.79% of circulating supply;
4. Sui (SUI) will unlock 44 million tokens on August 1, worth approximately $186 million, representing 1.27% of circulating supply;
5. Ethena (ENA) will unlock 40.62 million tokens on August 2, worth approximately $24.78 million, representing 0.64% of circulating supply;
About Us
Hotcoin Research, as the core investment research hub of the Hotcoin ecosystem, is dedicated to providing professional, in-depth analysis and forward-looking insights for global cryptocurrency investors. We have built a "trend analysis + value discovery + real-time tracking" tripartite service system, offering precise market interpretation and practical strategies through deep analysis of blockchain industry trends, multi-dimensional evaluation of potential projects, and round-the-clock market volatility monitoring, combined with bi-weekly "Top Coin Selection" strategy livestreams and daily "Blockchain Headlines" briefings. Leveraging cutting-edge data analytics models and industry networks, we continuously empower novice investors to build cognitive frameworks and help institutional clients capture alpha returns, collectively seizing value growth opportunities in the Web3 era.
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