Ether rises 2% and bitcoin inches back above $119,000: CNBC Crypto World

Market Trends & Regulatory Landscape - Bitcoin crossed above $100,000 for over two months, indicating consistent demand despite volatility [5] - The Genius Act is considered the most important piece of legislation for the crypto industry, with knock-on effects impacting Bitcoin and broader access to the digital asset ecosystem [4] - The U S Treasury is scheduled to release its report on digital assets on July 30th, providing investors with insights into the administration's roadmap [10] - The US is slowly becoming the center of attention in the crypto space due to a rapidly changing regulatory and legislative environment [21] Institutional & Corporate Adoption - Bitcoin ETFs hold approximately $150 billion, reflecting strong retail and institutional interest [6] - Corporations are increasingly viewing Bitcoin and other digital assets as valuable additions to their balance sheets [14] - Corporate crypto treasuries are emerging, with companies raising capital to acquire Bitcoin or Ether [12] Stablecoins & Ethereum - Ethereum is expected to play a significant role in the adoption of stablecoins following the new legislation [7] - Stablecoins are viewed as a significant on-ramp for individuals to gain exposure to Bitcoin and other digital assets [24] - Layer 2 solutions built on Ethereum are powering mainstream traditional finance, with fintech players showing increasing interest [25] Potential Risks - Geopolitical and macroeconomic events pose a risk, as crypto assets tend to trade as risk assets [16]