The New Era: Trump officially Signs Stablecoin Bill   On July 18, 2025, U.S. President Trump formally signed the "GENIUS Act" (''Stablecoin Bill'') at the White House. This act establishes a clear and concise regulatory framework for U.S. dollar stablecoins and promotes the construction of a "revolutionary payment system" in the United States, replacing the traditional and outdated financial infrastructure. It aims to fully unleash the potential contained in U.S. dollar stablecoins. Trump stated that the "GENIUS Act" is the fulfillment of the commitment to the United States to regain freedom and dominance, and will further strengthen the leading position of the U.S. dollar globally. Video Source:

On July 18, spot Bitcoin ETFs saw a total net inflow of $363 million, marking 12 consecutive days of net inflows. Spot Ethereum ETFs recorded a total net inflow of $402 million, with 11 consecutive days of net inflows.

After Trump signed the GENIUS Act, Tether said it will bring USDT to the U.S. via the foreign issuer path and launch a local stablecoin. Circle said the law affirms its compliance model. Both CEOs attended the White House signing but did not interact.

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Bit Digital (Nasdaq: BTBT) announced it has acquired approximately 19,683 ETH using proceeds from its recent $67.3 million direct offering. The company now holds around 120,306 ETH and will expand its ETH treasury.

Glassnode noted that Bitcoin ($BTC) has reached +1 standard deviation above the short-term holder cost basis (~$120K), a level that historically acts as resistance during strong momentum phases. If the trend continues, the next resistance lies at +2 SD, around $136K.

On July 17 (ET), spot Bitcoin ETFs saw a net inflow of $523 million, marking 11 consecutive days of inflows. Spot Ethereum ETFs recorded a net inflow of $602 million, the second-highest in history.

According to Reuters, Russia's largest lender Sberbank announced plans to offer custody services for domestic crypto assets. The bank had sent proposals to the central bank on the regulation of crypto assets in the country.

Nasdaq-listed GameSquare announced the completion of a public offering of approximately $70 million and stated that the majority of the proceeds will be used to expand its ETH holdings, aiming to become one of the largest publicly listed holders of ETH.