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The S&P 500 hits record high amid strong retail sales and jobless claims drop; Fed signals split on rate cuts as Trump pushes new tariffs. Gold slips 0.26% to $3,340 as strong US jobless claims (221K) and retail sales (+0.6% MoM) reduce Fed rate cut expectations, keeping bullion in a $3,300–$3,400 range. The Coindesk Indices, which tracks the broader crypto market, rose 8.53%, with Bitcoin down 0.29% and Ether up 0.97%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is XRP, up 18.2% after the GENIUS Act passed, marking a historic step in US stablecoin regulation.
Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. Ripple CEO Brad Garlinghouse celebrates the passage of the GENIUS Act, calling it a historic milestone for US leadership in financial technology, particularly stablecoins. The bipartisan bill passed 308–122 and marks the first major financial regulation since the 2008 crisis.
Nasdaq filed to let BlackRock’s iShares ETH ETF offer staking, potentially allowing investors to earn rewards from Ethereum’s proof-of-stake mechanism. Staked ETH hit a record 36M, now over 29% of supply, fueled by $1.6B in corporate ETH buys and rising ETF inflows—$726M on Wednesday alone.
Category | Flow (millions) |
GBTC | 0.0 |
Non-GBTC | 17.5 |
Total | 17.5 |
Yesterday, BTC spot ETFs saw $17.5M in net inflows, all from non-GBTC funds; GBTC recorded no flow.
Irys has extended its Genesis Hunt Campaign to Jul 29, 2025. Users can now complete 4 updated daily Galxe quests to earn EXP toward evolving their Bitomo NFT. 750 EXP is required to evolve, improving chances for 1 of 500 whitelist spots in the upcoming 2,000 Genesis NFT mint.