The cryptocurrency market rose 13.3% in July, with Bitcoin (BTC) reaching several prices throughout the month. The rally attracted a growing institutional interest in Bitcoin, Ethereum and major altcoins, and was supported by companies with more companies consolidating into their financials.
A monthly report by Binance shows that US regulatory advances, including the passage of the new Stablecoin Act, the world’s largest crypto exchange, have built trust among market participants. As a result, Altcoins outperformed BTC that month, pushing Bitcoin’s market advantage to 60.6%, while Altcoins’ share approached 39.2%.
Regulatory advances boost the crypto market
July showed positive signs of the expected Federal Reserve interest rate cuts and new cryptographic codes. Binance said these developments have led to an increase in institutional demand for Altcoin futures and an increase in the company’s digital asset holdings.
Specifically, ether (ETH) rose by about 127.7% to over 2.7 million, as it saw a huge surge in corporate holdings. The surge coincides with an asset price rise of 50%, making it one of the best performing cryptocurrencies last month.
The major regulatory milestone was the passage of the Genius Act, fully backed by the Cash or Short-Term Treasury Department, and established a federal framework for stubcoins that complies with anti-money laundering regulations. The law encouraged major banks such as JPMorgan and Citi to expand their pilot programs for tokenized deposits and cross-border payments.
Fintech’s company Visa also recognizes the growing importance of Stablecoins in payments and plans to increase its support. On-chain stubcoin transfers remain near record levels, consistently exceeding Visa’s trading volume since late 2024, highlighting its expanding role in global payments.
Tokenized inventory gains traction
Tokenized stocks saw an increase in activity in July and reached a market value of around $370 million. Common tokenized assets such as Tesla stocks and S&P 500 ETFs accounted for $53.6 million, while active on-chain addresses surged from 1,600 to 90,000, highlighting an increase in user participation.
Despite this growth, centralized exchange still handles the majority of tokenized stock trading, with more than 70 times the amount of on-chain platforms. Binance suggests that even a small portion of the global stock market could create a $1.3 trillion market, paving the way for wider adoption of on-chain assets and decentralized finance.
