FiCAS Artificial Intelligence Crypto ETI

Bitcoin proved resilient, finishing the month up 0.52 percent and lifting its first-half gain to 17.92 percent. Ethereum slipped 1.54 percent yet held firm above USD 2,500; cumulative net inflows to U.S. spot Ether ETFs reached USD 4 billion ahead of their first anniversary. Solana fell 1.02 percent, extending its year-to-date decline to 18.1 percent.

Policy headlines dominated. The U.S. Senate passed the GENIUS Act, the country’s first comprehensive stablecoin framework. In quick succession, Société Générale unveiled a dollar-pegged stablecoin on Ethereum and Solana, JPMorgan launched the JPMD token on Base for institutional clients, and both Walmart and Amazon confirmed exploratory work on proprietary stablecoins. Guggenheim tapped the XRP Ledger to issue tokenised commercial paper, while Ripple formally ended its legal battle with the SEC, removing a long-standing overhang.
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Institutional demand remained robust despite the geopolitical overhang. U.S. spot Bitcoin ETFs are on pace to hit USD 1 trillion in cumulative trading volume less than 18 months after launch, and global crypto funds attracted USD 1.2 billion in new capital as investors sought diversification. BlackRock’s iShares Bitcoin Trust logged another multi-week streak of inflows, and Circle’s share price reached an all-time high amid a rebound in its Ethereum treasury.