House passes GENIUS act, ethereum climbs over 50% against BTC, XRP reclaims $3.40 all-time high, and more in this Week in Review.
House Passes GENIUS, ETH/BTC Up 50%, and More — Week in Review
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Week in Review
The U.S. House of Representatives passed the GENIUS Act with a 308-122 vote. Ethereum surged over 50% against Bitcoin, stoking hopes of a rally toward $6,000, while XRP briefly reclaimed its all-time high of $3.40, pushing its market cap past $200 billion. Meanwhile, Solana-based Pump.fun raised $600 million in just 12 minutes during its PUMP token sale, though the price has since nearly returned to its ICO level. On a broader note, Binance founder CZ reminded investors to expect more dips even as Bitcoin hit new record highs.
House Passes GENIUS Act With 308-122 Vote to Regulate Stablecoins
The U.S. House of Representatives passed the Guiding and Establishing National Innovation for… read more.
Editor’s comment: The stablecoin bill will have a profound impact on crypto adoption within the U.S.
Ethereum Climbs Over 50% Against BTC, Eyes Big Move Toward $6,000
After hitting a notable low of 0.019 BTC against bitcoin, ethereum has climbed 52.63% to reach… read more.
Editor’s comment: Ethereum has disabused me too many times to dare to hope. And yet, maybe this time is different. Let the hated rally commence!
XRP Reclaims $3.40 All-Time High, Market Cap Briefly Tops $200 Billion
XRP surged more than 10% in 24 hours on July 17, reaching an all-time high of $3.40 and briefly pushing its… read more.
Editor’s comment: XRP still is one of the best looking charts in crypto.
Solana’s Pump.fun Nets $600M as PUMP Token ICO Sells out in 12 Minutes
Pump.fun’s public token sale for its PUMP cryptocurrency raised $600 million after selling out rapidly in… read more.
Editor’s comment: It pumped and dumped. It is now closing in on the ICO price of $0.004. If it reaches that level, expect it to at the very least test lower.
‘There Will Be More Dips’: CZ Sees Record Bitcoin Prices as Accumulation Phase
Bitcoin smashes to record highs as long-term bulls heed advice to treat every dip as a buying opportunity… read more.
Editor’s comment: The sun rises in the East. The grass is green. And there will be more dips.
