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CoinCatch Market Daily Report (July 18, 2025)
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2025-07-18 | 5m
On July 18, Bitcoin traded within a narrow range, while Ethereum advanced to a new local high, leading the major cryptocurrencies. The U.S. House of Representatives approved three significant crypto-related bills, including the GENIUS Act, which supports the development of a comprehensive regulatory framework for digital assets. Additionally, CANARY has filed for a Staked INJ ETF, and Sberbank of Russia announced plans to offer cryptocurrency custody services. Gate Launchpool introduced the L2 project Eclipse, enabling staking of BTC, ETH, and ES for airdrop rewards.
Crypto Market Overview
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BTC (+1.5% | Current Price: 119,807 USDT): Bitcoin is showing a modest upward trend following a period of consolidation, currently trading around 120,000 USDT. Short-term moving averages have turned upward and aligned bullishly, supporting the short-term support level. The MACD indicator indicates a bullish crossover near the zero line, with increasing momentum. Although trading volume has not experienced a significant spike, it is gradually increasing, suggesting growing confidence among buyers. On July 17, BTC ETFs experienced a net inflow of $522 million, with BlackRock’s IBIT receiving $497 million and Fidelity’s FBTC attracting $7.8 million.
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ETH (+6.62% | Current Price: 3,647 USDT): ETH has shown strong recent performance, continuing its upward trajectory and reaching a new local high. Volume also picked up ahead of the breakout, confirming the move with solid support. On July 17, ETH ETFs recorded a net inflow of $602 million, including $546 million into BlackRock’s ETHA and $29.9 million into Grayscale’s ETH product.
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Altcoins: Major altcoins saw broad gains as the market maintained a bullish bias. The Crypto Fear & Greed Index rose to 71, indicating continued optimism, though not yet at euphoric levels.
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Macro: On July 17, the S&P 500 rose 0.54% to 6,297.36 points, the Dow Jones gained 0.52% to 44,484.49 points, and the Nasdaq advanced 0.75% to 20,885.65 points. As of 02:30 AM (UTC) on July 18, spot gold is trading at $3,343 per ounce, up 0.14% over the past 24 hours.
Top Gainers
UNI Uniswap (+18.82%, Circulating Market Cap: $6.69B)
UNI is currently trading at $10.618, up approximately 18.82% in the past 24 hours.
Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (
DeFi) tokens.
UNI’s recent surge is driven by a series of ecosystem developments. On July 10, Uniswap v4 was launched, introducing centralized liquidity pools and ERC-6909 support, driving the price up 6.5% in a single day. In June, Anchorage Digital wallet natively integrated UniswapX, providing institutional users with low slippage, high-security trading channels, and expectations for potential incremental funds increased. In March, the community passed a $165.5 million funding proposal to clearly promote the "fee conversion" plan. In the future, part of the protocol revenue may be distributed to UNI holders, with an annualized profit potential of hundreds of millions of dollars.
ETC Ethereum Classic（+16.55%, Circulating Market Cap: $3.53B)
ETC is currently priced at $23.03, up 16.55% in the past 24 hours. Ethereum Classic (ETC) is the original Ethereum (ETH) blockchain that launched in July 2015. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Today, the cryptocurrency market showed a general upward trend, with Bitcoin breaking through the $120,000 mark and Ethereum rising by more than 7%. As a mainstream currency ranked in the top 50 by market value, ETC usually follows the trend of the market, especially when market sentiment is high, the trend of funds flowing into altcoins is more obvious.
MKR Maker（+11.91%, Circulating Market Cap: $1.8B)
MKR is currently trading at $2132.34, up 11.91% in the past 24 hours. Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively, a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
After Bitcoin and Ethereum hit new highs, funds began to flow into DeFi blue-chip tokens. As one of the leading projects in the DeFi field, MKR's market value and liquidity make it a major target for capital rotation. In addition, Nansen data shows that MKR is one of the mid-cap tokens with the most AI capital inflows recently, further driving price increases.
Market Insights
U.S. House Passes Three Major Crypto Bills, Advancing Comprehensive Regulatory Framework
On July 17, the U.S. House of Representatives unanimously passed three significant cryptocurrency-related legislative proposals: the
CLARITY Act, the
GENIUS Act, and the
Anti-CBDC Surveillance State Act. This marks a pivotal step forward in shaping the U.S. regulatory landscape for digital assets. Among them, the
CLARITY Act and the Anti-CBDC bill will now move to the Senate for review, while the GENIUS Act is expected to be signed into law by President Trump later this week.
The
CLARITY Act, which passed with a 294–134 vote, aims to clearly define the regulatory boundaries between cryptocurrencies and securities, resolving longstanding jurisdictional overlaps between the SEC and CFTC.
Meanwhile, SEC Chairman Paul Atkins stated that the agency is considering introducing tailored regulatory exemptions to foster innovation in tokenization. He noted that the SEC is exploring more flexible frameworks for emerging trading models and may implement conditional exemptions to support the growth of tokenized securities ecosystems. Atkins further emphasized that the passage of stablecoin-related legislation is a critical step toward positioning the U.S. as a global crypto hub.
Taken together, these developments reflect the formation of a comprehensive U.S. crypto policy framework—covering stablecoin regulation, asset classification, and resistance to state-controlled CBDCs. If successfully enacted, these laws could provide regulatory clarity, encourage global capital inflows, and strengthen the U.S.’s leadership in the global digital finance space.
CANARY Files for INJ ETF with SEC, Accelerating Staked Asset Regulation
According to the SEC’s website, CANARY officially filed an S-1 registration statement on July 17 to launch a spot crypto ETF based on Staked Injective (INJ). This marks the first attempt to introduce a staking-based crypto asset ETF into traditional markets, following the success of Bitcoin and Ethereum ETFs.
Notably, the SEC recently approved ETFs for Solana and Ripple, signaling a tangible regulatory shift beyond BTC and ETH. The INJ ETF filing reflects this momentum, highlighting the U.S.’s shift from selective approval to a broader, systemic embrace of diverse crypto assets with strong technical and community foundations.
Injective is a DeFi-focused Layer 1 blockchain with modular infrastructure and institutional backing. If approved, the Staked INJ ETF would offer investors both staking yield and native token exposure, providing a new compliant investment vehicle for those seeking on-chain yield within traditional financial structures.
Sberbank Plans Crypto Custody Services, Aims to Lead Russia’s Digital Finance Landscape
Russia’s largest bank, Sberbank, recently announced plans to offer custody services for domestic crypto assets and has submitted a regulatory proposal to the central bank. Anatoly Pronin, Executive Director of the bank’s alternative payments division, stated that the initiative is a response to the global trend of banks entering the crypto custody space and aims to drive regulatory clarity for Russia’s digital asset ecosystem.
Sberbank’s proposal suggests applying traditional bank account standards to the management of crypto assets. The custody service would enhance asset security, prevent private key loss, and enable law enforcement to freeze assets during investigations—strengthening anti-money laundering and risk control capabilities.
The move signals Russia’s intent to establish a sovereign digital financial infrastructure amid geopolitical and financial decoupling. By taking a leading role, Sberbank could become a cornerstone of Russia’s digital economy strategy. In the long term, this crypto custody initiative may also support the rollout of Russia’s central bank digital currency (CBDC) and broader blockchain-driven financial infrastructure.
SEC Delays In-kind Redemption Decision for Bitwise crypto ETFs
The US Securities and Exchange Commission (SEC) extended its deadline to decide on whether to allow in-kind redemptions for Bitwise’s Bitcoin and Ether spot ETFs on NYSE Arca. While the SEC did not exceed its maximum 90-day review limit, it stated that more time is needed to fully consider the implications of the proposed rule change. If approved, in-kind redemptions would let investors receive Bitcoin or Ether directly instead of cash, potentially offering tax benefits.
The move comes amid growing criticism that the SEC is delaying key crypto decisions. Grayscale recently challenged the agency’s handling of its Digital Large Cap ETF, accusing it of violating statutory deadlines. However, the SEC appears to be shifting its stance under Chair Paul Atkins, appointed under the Trump administration, who has pledged a more transparent and innovation-friendly approach.
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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