- Market Overview: On July 18, the crypto market strengthened overall. BTC traded in a narrow range around 120,000 USDT, showing a bullish technical structure with reinforced short-term support. ETH outperformed, reaching a new local high at 3,604 USDT with strong bullish momentum. The Crypto Fear & Greed Index rose to 73, indicating continued optimism. Major altcoins saw broad gains.
- Trending Tokens: HBAR surged 24.46% on multiple ecosystem catalysts, including EQTYLab’s integration with NVIDIA’s Blackwell platform, a Web3 gaming tournament, and Sharia-compliant DeFi expansion in emerging markets. XRP jumped 20.06% following the expansion of its RLUSD stablecoin, EMI license application in Luxembourg, and NYSE approval of the leveraged XRP ETF (UXRP). ONDO rose 11.49%, supported by the deployment of USDY on the Sei blockchain, the acquisition of Strangelove Labs, and growing momentum around the “Tokenization, Made in America” narrative.
- Alpha Insights: The U.S. House of Representatives passed three key crypto bills—CLARITY Act, GENIUS Act, and the Anti-CBDC Surveillance State Act—marking major progress toward a comprehensive regulatory framework. SEC Chairman Paul Atkins voiced support for regulatory exemptions to encourage tokenization innovation. Meanwhile, CANARY filed for a Staked INJ ETF, accelerating the path toward regulated staking assets. In Russia, state-owned Sberbank announced plans to offer crypto custody services, signaling its ambition to lead the country’s digital finance infrastructure.
- Gate Launchpool: Gate is currently hosting a token sale for Eclipse (ES). Users can stake BTC, ETH, or ES to claim a share of 990,000 ES airdrop tokens before July 26, 2025, 10:00 (UTC). Eclipse is the first Ethereum-based Layer 2 solution to adopt the Solana Virtual Machine (SVM), combining Ethereum settlement, SVM execution, and Celestia data availability to deliver a highly modular and efficient architecture.
Discover more details today → Gate Research: ETH Hits Local High Leading Majors | U.S. House Passes Three Key Crypto Bills
Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.
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Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.
Gate Team
July 18, 2025
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