{"id":25469,"date":"2025-07-21T18:18:54","date_gmt":"2025-07-21T15:18:54","guid":{"rendered":"https:\/\/forklog.com\/en\/genius-act-spurs-ethereum-rally-say-analysts\/"},"modified":"2025-07-21T18:18:54","modified_gmt":"2025-07-21T15:18:54","slug":"genius-act-spurs-ethereum-rally-say-analysts","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/genius-act-spurs-ethereum-rally-say-analysts\/","title":{"rendered":"GENIUS Act Spurs Ethereum Rally, Say Analysts"},"content":{"rendered":"

The adoption of the GENIUS Act and demand for Ethereum from major corporations are acting as catalysts for the cryptocurrency’s continued growth, according to analysts at Bernstein, reports The Block<\/a>.\u00a0<\/p>\n

On July 18, U.S. President Donald Trump signed<\/a> the GENIUS Act. The law sets regulatory requirements for the stablecoin segment. Experts believe this will strengthen Ethereum’s position as the primary blockchain for stablecoins.\u00a0<\/p>\n

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\u201cThis is not a typical cycle of booms and busts in the crypto market, but a stage in the development of financial services on the blockchain,\u201d Bernstein emphasized.\u00a0<\/p>\n<\/blockquote>\n

According to CoinGecko<\/a>, ETH has appreciated by 45% over the past two weeks. At the time of writing, the altcoin is trading at $3817.\u00a0<\/p>\n

\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438
Hourly chart of ETH\/USD on Binance. Source: TradingView<\/a>.\u00a0<\/figcaption><\/figure>\n

According to SoSoValue<\/a>, last week saw $2.18 billion flow into spot Ethereum ETFs\u2014a record high for these instruments.\u00a0<\/p>\n

Interest in the asset is confirmed by data from QCP Asia<\/a>: open interest in perpetual futures based on the altcoin rose from $18 billion to $28 billion in seven days. Meanwhile, its market share increased from 9.7% to 11.6%\u2014for comparison, Bitcoin’s dominance fell from 64% to 60%.<\/p>\n

The options market also signals bullish sentiment: demand for Ethereum call options with expirations in September and December is growing.\u00a0<\/p>\n

Major Players Accumulate ETH<\/h2>\n

Analysts at QCP Asia also noted that public companies continue to actively accumulate Ethereum. Last week, several firms announced purchases of the second-largest cryptocurrency by market capitalization or raised funds for this purpose.\u00a0<\/p>\n

On July 18, Nasdaq-listed SharpLink Gaming acquired<\/a> 18,712 ETH through Galaxy Digital and 14,180 ETH through Coinbase Prime. According to Strategic ETH Reserve, this makes it the second-largest holder of Ethereum.\u00a0<\/p>\n

\"\u0410\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0438
Top 10 ETH holders. Source: Strategic ETH Reserve<\/a>.<\/figcaption><\/figure>\n

On the same day, miner Bit Digital increased<\/a> its reserve to 120,306 ETH. The firm issued shares worth $67.3 million to purchase 19,683 ETH (~$440 million at the current rate).\u00a0<\/p>\n

On July 21, The Ether Machine, Inc., which provides public investors access to altcoin yields, announced<\/a> its listing on Nasdaq. The company raised $1.5 billion.\u00a0<\/p>\n

Commemorative NFT for the Decade<\/h2>\n

On July 30, Ethereum will celebrate the 10th anniversary of its mainnet launch. To mark the occasion, developers will present a commemorative NFT in the form of a torch, which will be “passed” among community members for 10 days leading up to the date. Afterward, anyone will be able to create the token.<\/p>\n

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0\/ The Ethereum Torch is now lit.<\/p>\n

The Torch is an NFT honoring the people and values that have shaped Ethereum\u2019s first decade and will help build its future.<\/p>\n

It will be symbolically passed from wallet to wallet in the 10 days leading up to Ethereum\u2019s 10 year anniversary. pic.twitter.com\/nEIY8JOIna<\/a><\/p>\n

\u2014 Ethereum (@ethereum) July 20, 2025<\/a><\/p><\/blockquote>\n