Ethereum News Today: Ethereum Rallies 65% as Crypto Markets Navigate Macroeconomic Data and Altcoin Innovation

The cryptocurrency and financial markets are navigating a pivotal week marked by a convergence of macroeconomic data releases, regulatory updates, and altcoin developments. Following the U.S.-EU tariff agreement announced over the weekend and the 90-day delay in U.S. customs duties on China, market participants are bracing for a series of high-impact events. Bitcoin has surged to $120,000, Ethereum neared $3,900, and BNB hit an all-time high, reflecting renewed institutional and retail interest in digital assets amid shifting global trade dynamics [1].

The week begins with the launch of Etherex, a decentralized exchange developed by Consensys in collaboration with Nile, a Linea-based DEX. Binance will phase out older app versions (pre-3.0.x) for facial recognition features, while Plasma, a stablecoin Layer-2 network, concludes its public token sale. Meanwhile, Binance delists all League of Kingdoms (LOKA) trading pairs, signaling a strategic pivot away from volatile meme-token markets [1].

Sui’s Ika, a parallel multi-party computing network, transitions to mainnet, adding infrastructure for decentralized applications. This follows broader momentum in altcoin innovation, as Ethereum’s 65% 30-day rally suggests a potential shift in market leadership [2].

The U.S. will release critical economic data, including ADP employment (forecasted at 82,000), GDP (expected 2.4% growth), and the Fed’s rate decision. Analysts anticipate no immediate rate cuts, with Powell’s post-meeting press conference likely to influence market sentiment. The U.S. Digital Assets Leadership Report and Zulu Network’s transition to an AI project further underscore the sector’s evolving landscape [1].

Regulatory focus intensifies as the UK’s FCA finalizes its stablecoin custody rules. Algorand publishes its roadmap, while the Bank of Japan maintains its rate stance. The week’s economic calendar also includes U.S. jobless claims and core PCE inflation data, both critical for assessing Fed policy direction [1].

Vietnam’s Blockchain Week and Hong Kong’s stablecoin regulations, effective August 1, highlight Asia’s growing crypto influence. U.S. nonfarm payrolls (expected 108,000) and eurozone CPI data (forecast at 1.9%) will likely cap the week’s volatility, with the ECB’s recent rate pause adding uncertainty to global monetary policy [1].

The interplay between altcoin innovation and macroeconomic indicators is reshaping investor priorities. Ethereum’s performance, driven by decentralized finance (DeFi) advancements, challenges Bitcoin’s dominance as capital flows into projects like Linea and Sui’s Ika. However, risks persist from regulatory ambiguity and U.S. inflation resilience, particularly as rent prices surge and central banks remain cautious. The U.S.-EU tariff deal’s impact on trade flows could further amplify market volatility, with geopolitical tensions and Fed policy outcomes serving as key pivot points for asset prices [1].

Source:

[1] Attention: We Are Entering a Critical Week – There Are Many Economic Developments and Altcoin Events in the New Week! Here is the Day-by-Day...

https://coinmarketcap.com/community/articles/688678563b9f6678f00e4dd9/

[2] The Globe and Mail, Ethereum Is Soaring. 3 Reasons Investors Should Pay Attention (2025-07-17)

https://www.theglobeandmail.com/investing/markets/stocks/BTBT-Q/pressreleases/33673572/ethereum-is-soaring-3-reasons-investors-should-pay-attention/