XRP News Today: Conflux Ethena Pudgy Penguins Surge 190 126 117 As Crypto Market Rallies On Regulatory Clarity

Late July 2025 saw a significant resurgence in the cryptocurrency market, driven by regulatory developments and shifting investor preferences. The total market capitalization surged by 62% in a single month, reaching $3.78 trillion, while Bitcoin hit an all-time high of $123,000 [1]. Ethereum, which had lagged for much of the year, experienced a strong rebound, pushing close to $4,000 [1]. Meanwhile, XRP recorded a 38.72% gain, and meme coins like Dogecoin and Shiba Inu added 30% and 9.72%, respectively [1].

However, the most striking gains came from a group of lesser-known cryptocurrencies. Conflux (CFX/USD) rose by 190.27%, Ethena (ENA/USD) climbed 126.89%, and the NFT-based token Pudgy Penguins (PENGU) surged by 117.35% [1]. These performances outpaced both Ethereum and XRP, highlighting a growing trend of capital shifting away from established names toward speculative altcoins [1].

Regulatory progress played a pivotal role in the rally. The passage of the GENIUS Act, the stablecoin bill, and the CLARITY Act, the cryptocurrency market structure bill, offered clarity and a potential regulatory framework that boosted investor confidence [1]. Additionally, a White House advisory group under President Donald Trump released a blueprint urging federal agencies to accelerate the development of digital asset rules and innovative products [1].

The shift in capital was also evident in the performance of Ethereum-based ETPs, which recorded $2.2 billion in inflows during the week, contributing to a decline in Bitcoin’s market dominance [3]. Analysts linked this trend to macroeconomic factors, including evolving inflation expectations and growing institutional interest in diversified strategies [3].

Retail and institutional investors alike have shown a renewed appetite for high-growth assets, with meme coins and niche altcoins gaining traction. While Bitcoin and Ethereum maintained their positions as top performers, the rise of smaller tokens underscored the market’s increasing diversification [1]. This dynamic environment suggests that the crypto sector remains highly responsive to regulatory, economic, and speculative forces as the third quarter draws to a close [1].

Source:

[1] Benzinga, “Ethereum, XRP Soared In July, But This Little-Known Crypto Beat Them All With Triple-Digit Gains”, https://www.benzinga.com/crypto/cryptocurrency/25/08/46783199/ethereum-xrp-soared-in-july-but-this-little-known-crypto-beat-them-all-with-triple-digit-gains

[2] Barchart.com, “XRP Climbs To Dollar 3.22 As ETF Speculation Builds”, https://www.barchart.com/story/news/33754302/xrp-climbs-to-dollar-3-22-as-etf-speculation-builds-investors-turn-to-utility-based-crypto-strategies

[3] Seeking Alpha, “VanEck Mid-July 2025 Bitcoin ChainCheck”, https://seekingalpha.com/article/4806030-vaneck-mid-july-2025-bitcoin-chaincheck