In July 2025, the cryptocurrency market experienced notable activity with Bitcoin (BTC) reaching new all-time highs, peaking at $118,000 before fluctuating around $116,000 to $119,000. Ethereum (ETH) consistently led gains among crypto majors, rising to $3,820 and outperforming other altcoins such as Solana (SOL) and XRP. ETH exchange-traded funds (ETFs) saw record inflows, surpassing BTC ETFs by approximately $200 million over several sessions, with a single-day inflow reaching $727 million. BlackRock filed for ETH staking for its ETH ETF, while other entities like Canary Capital filed for a staked Injective Protocol (INJ) ETF. The Trump administration signed the GENIUS Act into law, capping a successful Crypto Week and planning an executive order to allow cryptocurrency inclusion in 401(k) retirement plans. Additionally, the U.S. government prepared to publish a crypto policy report by July 30. Coinbase partnered with PNC to launch a Crypto-as-a-Service model, and Goldman Sachs and BNY Mellon announced plans to offer tokenized money services. Significant fundraising efforts included Pantera-backed Ether Machine raising $1.5 billion for an ETH Treasury company and SBET shareholders approving a share dilution to raise $5 billion for more ETH acquisitions. The memecoin market cap rallied to $85 billion, driven by a 33% surge in DOGE. Notable corporate moves included Coinbase acquiring Liquifi token management and launching perpetual trading in the U.S., OpenAI disputing Robinhood's tokenized stock claims, and Bit Digital shifting its treasury from BTC to ETH, resulting in a 30% stock increase. The crypto market also saw legislative progress with all three crypto bills passing House votes. NFT markets, particularly CryptoPunks, BAYC, and Squiggles, experienced renewed growth with CryptoPunks reaching a floor price of approximately 143.3 ETH. The DOJ dropped its investigation into Polymarket, and the U.S. Senate released a draft crypto market structure bill. Meanwhile, the market faced challenges such as a $40 million exploit on GMX and a nine-day withdrawal queue for ETH stakers. Overall, the month marked a period of regulatory advancement, institutional adoption, and strong market performance in the cryptocurrency sector.