Crypto Compass by BitcoinWalletSG #130

🚀 Altseason Loading: BTC Holds While Alts Surge

Bitcoin remained stable between $116k–$119k as traders shifted focus to altcoins, marking the strongest weekly drop in BTC dominance in four years. Ethereum, XRP, and broader alt markets surged, while BTC exchange inflows spiked.

🏛️ Trump Signs GENIUS Act, Ushering in Stablecoin Era

President Trump signed the GENIUS Act on July 18, enacting the first federal law to regulate stablecoins, mandating 100% reserves in U.S. dollars or Treasuries, monthly reserve disclosures, AML compliance, and clear consumer protections. It establishes a federal‑state framework, further prohibits deceptive marketing, and safeguards depositors in issuer insolvency.

🧩 Strategy Launches STRC Preferred Stock IPO to Buy More Bitcoin

Strategy, known for its vast Bitcoin treasury, announced a 5 million‑share IPO of its new "STRC" Variable Rate Series A Perpetual Stretch Preferred Stock, offering a 9% annual dividend to fund additional Bitcoin purchases and bolster working capital. With over 607,770 BTC now on its balance sheet, Strategy highlights its superior 104% annualized returns since adopting its Bitcoin-first treasury approach.

🧩 Companies Add Ethereum to Their Balance Sheets

Several public firms have begun accumulating significant amounts of Ethereum, alongside their Bitcoin holdings. Ether recently hit a six-month high (~$3,675), and companies are banking on ETH's role in transaction fees, staking yield, and stablecoin infrastructure to justify large corporate treasuries.