OMG: Crypto Week Delivered, Ethereum Steals the Show, and Altcoins Are Having a Moment 🚀

So, “Crypto Week” started as one of those symbolic labels that politicians love to slap on things (like National Avocado Toast Day or International PowerPoint Awareness Month), but guess what? It actually turned into something resembling real legislative action. Meanwhile, Ethereum decided to crash the party like an uninvited guest who ends up being the life of it. 🎉

This bit of wisdom is from last week’s edition of the Week in Review newsletter. Think of it as your weekly dose of crypto gossip—subscribe, and you’ll get these hot takes before anyone else even has time to screenshot them. 😉

Crypto Week Actually Happened, and Ethereum Said, “Hold My Blockchain” 💻✨

Earlier this month, House Republican leadership declared the week of July 14 “Crypto Week.” At first, I thought it was just another excuse for Capitol Hill interns to wear Bitcoin-themed ties, but oh boy, they delivered. On Thursday, three landmark crypto bills cleared the U.S. House of Representatives faster than you can say “HODL”:

GENIUS Act passed 307–122 👩‍💻
CLARITY Act passed 294–134 🧠
Anti-CBDC Surveillance State Act passed 219–210 👀

The GENIUS Act is headed straight to the President, who is expected to sign it Friday—because apparently, stablecoins are now everyone’s favorite child. The CLARITY Act is moving to the Senate floor, where senators will presumably try to outdo each other with their deep knowledge of blockchain tech (spoiler: they won’t). And while the Anti-CBDC Surveillance State Act doesn’t have a Senate counterpart yet, Republicans are expected to introduce one soon—probably right after they finish debating whether pineapple belongs on pizza. 🍍

In other U.S. government news, President Trump seems to be preparing an executive order that would let Americans invest their 401(k)s in gold, private equity, and—you guessed it—cryptocurrencies like Bitcoin. Rumors about him firing Federal Reserve Chairman Jerome Powell swirled again last week, but Trump quickly squashed them, telling reporters he has no plans to remove Powell. Phew. For a moment there, I thought we were going to see the Fed chair replaced by someone named Chad. 💼

Bitcoin? Oh, sweet, reliable Bitcoin. After breaking all-time highs last week, BTC decided to take a little breather around $117K, despite some upbeat economic data. But then came the whale drama. Remember that July 4th whale? Yeah, they’re still at it, consolidating 40,000 BTC into one address like they’re building a digital Scrooge McDuck vault. Overall, though, it’s been a pretty chill week for Bitcoin. Too chill, if you ask me. Where’s the chaos? The drama? The memes?! 😴

Ethereum, however, was busy making headlines and stealing hearts. Between the price action and a flurry of bullish news, people are asking the age-old question again: Has ETH/BTC bottomed, or is this Ethereum’s moment to shine brighter than my hopes of finding affordable avocados? 🥑
This post on X summed up the week’s ETH highlights:

– Trump to sign Exec Order allowing crypto in 401ks
– Genius Act (stablecoin bill) passes House vote
– BlackRock files for ETH staking for its ETF
– SBET files to buy $5B more ETH
– ETH ETFs set inflow record with $727M

A few thoughts on these developments:

If Trump signs that 401(k) executive order, Bitcoin will obviously benefit the most. But Ethereum is lurking right behind, ready to pounce. Once the GENIUS Act becomes law, Ethereum could become the belle of the ball—it already hosts the largest amount of stablecoins and remains the queen of DeFi. 👑

BlackRock filing for staking services for its spot ETH ETF? That’s like opening a fire hydrant of institutional money. And while Bitcoin treasury strategies feel like they’ve hit peak maturity (and possibly diminishing returns), ETH treasury plays are still underappreciated gems waiting to explode. 💎

Since July 4, U.S. spot ETH ETFs have raked in $2 billion. In just ONE WEEK, they attracted a record high of $908 million. That’s not just impressive; it’s practically indecent. 🤑

As Ethereum surged, altcoins followed suit like puppies chasing a tennis ball. Bitcoin dominance dropped from 66% three weeks ago to about 61.5% today. XRP reclaimed its $3.40 all-time high, XLM is up over 100% since July began, and Coingecko’s “Meme” category rose 23% in just seven days. Even Pump.fun’s ICO raised $600 million at $0.004 per PUMP token, selling out in 12 minutes. Yes, twelve. Minutes. 🤯

Altcoins are pumping, ICOs are rewriting history books, and memecoins are stretching their legs after a long nap. Are the good times back? Or is this just another fleeting romance? Who knows—but I’m here for it. Bring on the FOMO. 🚀

And in traditional finance land, a Goldman Sachs report shows meme stocks outperforming the broader market by 30% since April. Earnings season officially kicked off last week, with most reports coming between July 28 and August 15. If companies surprise to the upside, expect a wave of equity euphoria that could easily spill over into crypto. Because nothing screams “invest wisely” like jumping on a bandwagon fueled by Reddit threads. 🙃

That said, expectations are low. If results disappoint, markets might react…or not. So far, the data has been a mixed bag, leaving both equities and crypto shrugging their shoulders like teenagers asked to clean their rooms. But hey, isn’t uncertainty half the fun? 🎢

2025-07-29 08:10

Crypto Week Actually Happened, and Ethereum Said, “Hold My Blockchain” 💻✨

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