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Fall Discussion Planned for Significant Cryptocurrency, Decentralized Finance, and Blockchain Legislation in the Congress

Congressional legislators, hailing from both the House and Senate, are set to scrutinize a series of substantial bills pertaining to cryptocurrency, Decentralized Finance (DeFi), and the Web3 realm.

Lawmakers to Discuss Significant Cryptocurrency, Decentralized Finance, and Blockchain Legislation...
Lawmakers to Discuss Significant Cryptocurrency, Decentralized Finance, and Blockchain Legislation During Autumn Session

Fall Discussion Planned for Significant Cryptocurrency, Decentralized Finance, and Blockchain Legislation in the Congress

In the rapidly evolving world of cryptocurrencies, August 2025 sees a mixed but generally optimistic market trend. Here's a breakdown of the key players and their current performances.

Ethereum (ETH) Leads the Pack

Ethereum is currently performing strongly, with its price soaring about 180% in 2025 from $1,400 to nearly $3,923, approaching its all-time high. Institutional interest is high, with large treasury investments by firms like BitMines, and Ethereum ETFs have seen inflows. ETH leads the DeFi recovery with notable market share gains, and it dominates the NFT space, with NFT sales on Ethereum jumping 58% driven by high-profile collections such as CryptoPunks.

Bitcoin (BTC) Shows Signs of Weakness

Bitcoin, on the other hand, shows signs of weakness, having slipped below key support levels. Despite a $61 million purchase by Metaplanet and a 4% weekly rise, BTC has faced a general pullback recently in line with broader market weakness and macroeconomic caution. Bitcoin ETFs have seen outflows while Ethereum ETFs gained, suggesting capital rotation from Bitcoin to altcoins.

Ripple (XRP) Experiences Profit-Taking Pressure

Ripple had an impressive rally boosted by regulatory clarity following the Ripple-SEC legal settlement, but faces a short-term pullback due to profit-taking, declining about 8% over four sessions to around $3.14. Trading volumes remain high, reflecting sustained institutional interest despite the price dip.

Other Cryptocurrencies Show Mixed Signals

Other cryptocurrencies like Solana and Cardano have shown slight declines in DeFi activity and trading. The DeFi total value locked (TVL) surged 23.63% overall in July 2025, but Solana and Arbitrum experienced slight market share losses, while Tron rebounded after earlier weakness.

Positive Regulatory Momentum

The broader market benefits from positive regulatory momentum with the passage of several crypto bills fostering confidence. Stablecoins expanded 5.1%, with Tether (USDT) maintaining dominance as the top stablecoin.

NFTs Resurgence

NFTs saw a large resurgence in July 2025, with nearly 50% increase in monthly trading volume led by Ethereum-based NFTs. A whale purchase of 45 CryptoPunks triggered renewed interest and rising floor prices.

Cautious Market Sentiment

Market sentiment remains cautious amid macroeconomic factors such as potential U.S. rate cuts, equity market weakness, and upcoming CPI data, which may influence crypto directions in the near term.

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[1] Source: CoinMarketCap [2] Source: Cointelegraph [3] Source: The Block [4] Source: Decrypt [5] Source: Bloomberg

Decentralized finance (DeFi) is significantly bolstered by Ethereum's (ETH) dominance, as it leads the recovery with increased market share and NFT sales surging on its platform. In contrast, Bitcoin (BTC), despite a large purchase and weekly rise, shows signs of weakness and has faced a general pullback. Meanwhile, Ripple (XRP) experiences profit-taking pressure after its impressive rally, causing a short-term decline. The cryptocurrency market, influenced by macroeconomic factors, maintains a cautious sentiment, although positive regulatory momentum and the resurgence of NFTs offer promising signs for investors.

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