Announcements Gate Research: ETH Hits Local High Leading Majors | U.S. House Passes Three Key Crypto Bills

Gate Research: ETH Hits Local High Leading Majors | U.S. House Passes Three Key Crypto Bills

2025-07-18 05:06:19 UTC 79666 Read

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* 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 → <a href="https://www.gate.com/learn/articles/gate-research-eth-hits-local-high-leading-majors-u-s-house-passes-three-key-crypto-bills/10419" target="_blank">Gate Research: ETH Hits Local High Leading Majors | U.S. House Passes Three Key Crypto Bills</a>

<a href="https://www.gate.com/learn/category/research" target="_blank">Gate Research</a> 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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Gate Team
July 18, 2025
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