Dogecoin up 40%
Dogecoin has risen by 40% in a week, reaching $0.27 — a six-month high. Grayscale head of research Zach Pandl attributed the growth to traders' interest in risky assets. According to him, DOGE's movement reflects trends in the altcoin market, rather than fundamental changes in the project. He also noted that the stablecoin law signed by Donald Trump is favorable for the industry.
Katie Talati of Arca believes that investors are transferring profits to smaller assets, including DOGE, after the growth of Bitcoin and Ethereum. In her opinion, the coin's popularity is supported by its wide availability on exchanges.
An additional factor was the announcement of Bit Origin: the company will invest $500 million in DOGE, of which $40.5 million has already been invested. Several firms have also filed applications with the SEC to launch spot ETFs on Dogecoin. Bloomberg estimates the chances of their approval at 90%.
BNB overtakes Solana in market cap
The BNB rate on the Binance exchange has exceeded $804 for the first time, reaching a new all-time high in the asset’s seven-year existence. Two key factors could have contributed to the growth: an active influx of institutional investment into cryptocurrency ETFs and the approval by the US House of Representatives of bills aimed at regulating the industry. Amid the rally, BNB overtook Solana in market capitalization and rose to fifth place in the CoinGecko rating.
Solana increases block capacity by 20%
Solana has increased its block limit by 20% — from 50 to 60 million computing units (CU), Helius CEO Mert Mumtaz said. The update will allow it to process more transactions and reduce fees with the same demand.
According to Mumtaz, the developers plan to double the block capacity in the future. It has already been proposed to raise the limit to 100 million CU — the corresponding SIMD-0286 has been published on GitHub. This will strengthen the network by 66% and improve the performance of complex applications such as DEX and MEV auctions, but will increase the load on validators.
The increase in interest is due to activity in restaking, NFT mints, and the DePIN sector. The update is currently undergoing testing and will be activated after approval. Amid the news, SOL has crossed the $200 mark.
XRP overtakes Uber and BlackRock in market cap
XRP capitalization reached $198.6 billion, overtaking Xiaomi, Uber and BlackRock, according to CoinGecko. In the InfiniteMarketCap rating, the token took 95th place among the largest global assets. Over the month, XRP added 71%, and on July 18, it updated its historical maximum of $3.65. It is currently trading at $3.3.
The growth began after Donald Trump won the election in November 2024. The pro-cryptocurrency course of the new administration launched a bullish trend in the market. The key event was the settlement of the dispute between Ripple and the SEC, which strengthened investor confidence and gave impetus to growth. Analysts expect further strengthening. According to trader Mikybull Crypto, the next targets are $5 and $8.
Bitcoin mining difficulty exceeds 127 T for the first time
On July 26, after another recalculation, Bitcoin mining difficulty increased by 1.07%, reaching a record 127.62 trillion. Against this background, the network hashrate exceeded the 1 zettahash per second mark, and the time between blocks decreased to almost 9 minutes. According to Glassnode, the seven-day moving average of the blockchain's computing power is 932.2 EH/s, which is slightly lower than the peak of 943.4 EH/s recorded on May 31.
Early Bitcoin investor sells 80,000 BTC via Galaxy Digital
An early investor sold more than 80,000 BTC through Galaxy Digital, one of the largest transactions in Bitcoin history. The company said the sale, worth more than $9 billion, was part of a client’s estate plan, but details were not disclosed. On July 4, the owner transferred 80,009 BTC for the first time in 14 years from eight wallets received in April-May 2011. The transactions sparked controversy over the identity of the holder, with names including Roger Ver, the CIA, and Satoshi Nakamoto. The assets ended up in Galaxy Digital wallets. On July 25, amid large transfers to exchanges, the price of BTC dropped to $115,000, but then recovered to $117,300.
