​Weekly Digest: The Market Enters the Altcoin Phase, Trump Legalizes Stablecoins

The shift in the market paradigm in favor of altcoins is becoming obvious: Ethereum ETFs have reached $8.3 billion in assets under management, corporations have invested $10 billion in ETH in two months, and the ETH/BTC chart has shown a 42% increase in July. In parallel, the Trump administration continues to form a crypto-friendly ecosystem, from the GENIUS Act to Trump Media's $2 billion corporate investment in Bitcoin.

The GENIUS Act signed by Trump has become a milestone for the entire crypto industry. Circle welcomes the new rules, calling them the "Libra clause" - strict barriers for tech giants block their path to dominance in the stablecoin market. Now any non-bank company must create a separate structure, undergo antitrust checks and get approval from the US Treasury Department committee. Circle's Dante Disparte calls it a victory for common sense: strict regulation protects consumers and strengthens the dollar. A ban on interest-bearing stablecoins could direct institutional capital to DeFi protocols on Ethereum. Tether is preparing to launch an institutional stablecoin in the US, aimed at corporate clients with faster settlements. Amid regulatory changes, Russia is preparing fines for paying for goods with cryptocurrency - up to 200,000 rubles for individuals and up to 1 million for legal entities from 2026.

Bitwise Chief Investment Officer Matt Hougan describes what is happening as a "demand shock" - ETFs and corporations have bought 2.83 million ETH for $10 billion since May, which is 32 times more than the network's emission. BitMine Immersion Technologies became the largest corporate holder of Ethereum with 566,776 coins worth $2 billion. SharpLink Gaming accumulated 360,807 ETH worth $1.29 billion. QCP Capital records the start of the altcoin season - Altcoin Season Index crossed the 50 mark, and Bitcoin dominance dropped from 64% to 60%. #btc# #eth# #ltc# #xrp# #sol#