In other news, staking innovators HashStaking and GeekStake are gaining increased investor attention amid a shifting macro landscape and rising institutional adoption of blockchain-based yield strategies. Meanwhile, Ethereum celebrates a decade of continuous innovation, even as competitors emerge with more flexible staking mechanics.

Get the latest insights on Bitcoin, Ethereum, and altcoins, along with a round-up of key cryptocurrency market news and staking trends.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$116,964, down by 0.5 percent over the last 24 hours. Its highest valuation on Wednesday was US$118,644, while its lowest valuation was US$116,079.

Markets rallied briefly following the release of the White House’s digital asset policy update, which emphasized the need for SEC transparency and clearer crypto legislation. However, the rally faded after the Federal Reserve chose to leave interest rates unchanged, while issuing warnings about economic stagnation.

Ethereum (ETH) was priced at US$3,764.26, down 0.1 percent in the past 24 hours. Its lowest point for the day was US$3,708.13, with a daily high of US$3,820.17. Although price movement was mild, staking platforms like HashStaking and GeekStake reported stable inflows, as users seek predictable yield during uncertain market conditions.

Altcoin price update

Solana (SOL) was priced at US$176.09, down 2.9 percent in 24 hours. Its intraday low was US$173.22, and high was US$179.83.
XRP was trading at US$3.10, declining 0.6 percent. Its daily low and high were US$3.04 and US$3.15, respectively.
Sui (SUI) traded at US$3.77, down 1.3 percent. It hit a low of US$3.66 and a high of US$3.81.
Cardano (ADA) traded at US$0.7600, down 2.3 percent. Its lowest price was US$0.7414 and highest was US$0.7759.

Today’s crypto news to know

Ethereum marks a decade since launch

Ethereum marked its 10-year anniversary on July 30, with renewed interest from institutional investors eyeing ETH as a strategic treasury asset. Since its inception in 2015, Ethereum has maintained uninterrupted uptime and become the foundation of the decentralized finance (DeFi) movement.

Ahead of the milestone, ETH’s price approached US$4,000, driven by institutional flows and long-term investor optimism. The Ethereum Foundation will issue commemorative NFTs and host more than 100 global events. A special live panel featuring Vitalik Buterin, Joseph Lubin, and Tim Beiko will reflect on Ethereum’s evolution and next decade.

HashStaking expands multi-token support for passive income seekers

Staking platform HashStaking has announced support for several new assets, including Dogecoin and USDT, as it continues to build one of the most consistent revenue-backed staking ecosystems in the market. Known for its stable daily reward model and no-lockup tiers, HashStaking now serves a growing user base of retail and mid-sized institutional investors looking for low-risk staking opportunities.

Users staking on the platform report up to 9.8% APY, depending on the token selected. The platform also introduced a compounding feature this week, enabling long-term holders to grow their portfolios faster without manual reinvestment.

GeekStake launches cross-chain smart vaults with dynamic APRs

GeekStake has launched a new line of cross-chain smart vaults designed to optimize staking returns across networks like Ethereum, Polygon, and BNB Chain. These smart vaults automatically rebalance user stakes based on market conditions and network yields.

The dynamic APR model offers a transparent view of returns, which adjust in real-time as vault performance fluctuates. GeekStake’s real-time reward tracking dashboard has been widely praised by users for helping them monitor performance and take advantage of short-term opportunities.

SEC greenlights in-kind ETP creations and redemptions

On July 29, the SEC approved in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), enabling authorized participants to exchange crypto directly for ETP shares. Previously limited to cash settlements, this change is expected to reduce transaction costs and increase efficiency.

SEC Chairman Paul Atkins called the move a “major step toward a more competitive and investor-friendly crypto market.” The decision aligns with traditional ETP practices and is expected to accelerate institutional engagement.

Senator Lummis proposes crypto-backed mortgages

Senator Cynthia Lummis introduced the 21st Century Mortgage Act, which would allow mortgage lenders to include digital assets like Bitcoin and Ethereum in creditworthiness assessments. This follows a June mandate from the FHFA, prompting Fannie Mae and Freddie Mac to consider crypto holdings for loan applications.

Lummis emphasized the bill’s role in empowering younger Americans with digital wealth to access home financing more easily. A similar bill from Rep. Nancy Mace is also pending, with both likely to move forward after the Senate’s August recess.

eToro tokenizes 100 US stocks and expands 24/5 trading

eToro has unveiled tokenized versions of 100 top US stocks using Ethereum-based ERC20 tokens, bringing these assets into the DeFi ecosystem. The company also expanded its 24/5 trading support for these stocks, allowing nearly round-the-clock access five days a week.

CEO Yoni Assia confirmed plans to eventually offer 24/7 tokenized stock trading. The update is part of eToro’s broader push toward full asset tokenization, enabling seamless movement of tokenized assets between traditional accounts and crypto wallets.

Trump Working Group proposes national crypto overhaul

A Trump-era working group released an aggressive set of recommendations to modernize US crypto policy. Key points include granting the CFTC broader authority over spot markets, introducing safe harbor provisions for new projects, and allowing banks to engage in expanded crypto activities.

The report urges immediate legislative action, positioning the US to maintain leadership in blockchain technology. The proposed Digital Asset Market Clarity Act is central to the plan and may be fast-tracked in the next legislative session.

JPMorgan partners with Coinbase for credit card crypto purchases

JPMorgan Chase announced a partnership with Coinbase to allow Chase credit cardholders to purchase cryptocurrencies directly through the exchange. Set to launch in fall 2025, the service will also enable customers to redeem card points for USDC, further bridging traditional finance and blockchain.

This marks a strategic pivot for JPMorgan, signaling growing institutional alignment with digital assets as they enter mainstream financial products.