In July 2025, the cryptocurrency market experienced notable activity with Bitcoin (BTC) reaching new all-time highs, peaking at $118,000, while Ethereum (ETH) led gains among crypto majors, trading around $3,800 by the end of the month. ETH exchange-traded funds (ETFs) consistently outperformed BTC ETFs in inflows, with records such as $727 million in a single day and weekly inflows surpassing $600 million. BlackRock filed for ETH staking for its ETH ETF, and other firms like Canary Capital also filed for staked ETFs. Coinbase launched new products including a 'Base' app and partnered with financial institutions like PNC and JPMorgan to expand crypto services. The U.S. Securities and Exchange Commission (SEC) approved in-kind redemptions for all spot BTC and ETH ETFs, enhancing liquidity options. Institutional interest remained strong, exemplified by Strategy Inc.'s $2.52 billion Bitcoin purchase and Pantera-backed Ether Machine raising $1.5 billion for an ETH Treasury company. The Trump administration signed the GENIUS Act into law, capping Crypto Week, and planned an executive order to allow crypto investments in 401(k) plans. Additionally, all three crypto-related bills passed House votes, signaling legislative progress. Market dynamics included a $33 million volume launch of a Solana staking ETF, a $4.9 billion token sale by Pump Fun, and a $600 million planned token sale by SBET, which also became the top ETH holder, surpassing the Ethereum Foundation. Ray Dalio recommended a 15% portfolio allocation to gold or Bitcoin. The crypto market also saw developments such as MetaMask introducing 'Stablecoin Earn' and Solana staking products, PayPal launching a 'Pay with Crypto' campaign, and Kraken planning a $15 billion IPO. Memecoin market capitalization rose to $85 billion following a 33% surge in DOGE. The SEC dropped an investigation into Polymarket, and bipartisan senators raised concerns over the crypto market. The U.S. Senate released a draft crypto market structure bill, with a government report on crypto policy expected by July 30. Overall, July 2025 reflected heightened institutional adoption, regulatory progress, and strong market performance across leading cryptocurrencies and related financial products.