Ethereum News Today: GENIUS Act Boosts Ethereum 20% XRP 4% Litecoin 3%

The cryptocurrency market maintained a bullish trend even as Bitcoin (BTC) experienced profit-taking pressure after reaching a new all-time high around $123k. Ethereum, XRP, and Litecoin emerged as top gainers among the largest cryptocurrencies by market cap, with the passage of the GENIUS Act contributing to heightened bullish sentiment.

President Donald Trump signed the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) into law on July 18, 2025. This legislation establishes a comprehensive regulatory framework for stablecoins, mandating stringent standards for reserves, audits, and transparency. The GENIUS Act is seen as a landmark for the crypto industry, positioning the US as a global leader in digital assets. Industry experts and leaders, including Brian Armstrong, the co-founder and CEO of Coinbase, attended the signing ceremony, highlighting the significance of this regulatory development.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw notable gains, breaching a key resistance area to touch highs of $3,674. The surge in exchange-traded funds (ETFs) inflows and the broader sentiment around the GENIUS Act buoyed bullish sentiment for ETH. Analysts predict that ETH is likely to explode to above $5k, reflecting the positive market outlook.

XRP, the native token of Ripple Labs, achieved a new all-time high of $3.65, marking a 4% gain for the day. This performance pushed XRP’s market capitalization past $204 billion. The GENIUS Act and XRP spot ETFs are among the top catalysts for the Ripple token, which previously hit a new all-time high of $3.84 in 2018.

Litecoin (LTC) also recorded notable gains, rising approximately 3% to trade at around $105. While Litecoin’s increase was less pronounced than that of Ethereum and XRP, its performance reflects renewed investor interest in established altcoins amid the favorable regulatory environment. The coin’s consistent transaction speed and low fees continue to attract attention, particularly as the market anticipates increased adoption following the GENIUS Act’s implementation.

As regulatory clarity paves the way for broader adoption, investors are closely monitoring the potential for further gains in these digital assets. ETH, XRP, and LTC are expected to stand out as some of the top cryptocurrency tokens. However, there’s a whole ecosystem that could benefit from the landmark legislation, including Solana, Dogecoin, Hedera, and Stellar. XLM is one of the best performers in the crypto market today, reflecting the broader positive sentiment in the market.