Trump signs the GENIUS Act, establishing the first U.S. federal stablecoin regulation, boosting institutional confidence and accelerating mainstream crypto adoption.
Abstract Chain surpasses 100 million transactions, driven by its modular design, active ecosystem, and developer incentives fueling rapid user and DApp growth.
Ethereum’s 10th anniversary NFT, “The Torch,” celebrates community values and history, encouraging engagement through symbolic minting and burning.
TRUMP SIGNS GENIUS ACT, ESTABLISHING FIRST U.S. FEDERAL STABLECOIN REGULATION FRAMEWORK
Former U.S. President Donald Trump has officially signed the GENIUS Act (National Stablecoin Innovation and Regulation Act) into law, marking the first federal-level legislation targeting crypto assets in the U.S. The law mandates that all stablecoins be backed 100% by U.S. dollars or highly liquid equivalent assets.
Issuers with over $50 billion in circulation must undergo annual audits, and the bill provides regulatory guidance for offshore-issued stablecoins to ensure cross-border transparency and security. Industry leaders from Circle, Tether, and Coinbase were present at the signing ceremony. Trump stated that the act “cements America’s leadership in the global financial and crypto innovation landscape.”
Analysis:
The GENIUS Act introduces a unified federal regulatory framework for stablecoins in the U.S., offering regulatory clarity and legal recognition for compliant issuers. This is a major milestone for crypto policy, signaling the U.S. government’s shift toward a constructive and proactive approach to digital finance.
It could act as a catalyst for institutional adoption, paving the way for Web3, RWA (real-world assets) integration, and the so-called “compliance bull market.” With the total stablecoin market cap surpassing $260 billion and still expanding, regulatory clarity is expected to further accelerate growth, innovation, and global usage.
ABSTRACT CHAIN SURPASSES 100 MILLION ON-CHAIN TRANSACTIONS
According to a post by Abstract core contributor cygaar, Abstract Chain has officially surpassed 100 million transactions, reaching a total of 100,001,152 on-chain records. The milestone highlights growing community engagement and increasing user activity.
Analysis:
Abstract Chain’s rapid transaction growth stems from its modular architecture and developer-friendly composability, which significantly lower the barriers to DApp deployment and user interaction. The expansion of its ecosystem—with active use cases in on-chain gaming, micro-payment protocols, and lightweight smart contract tools—has driven up daily transactions.
Additionally, strong incentive programs and robust developer support have created a positive feedback loop, positioning Abstract as one of the most active modular blockchains today.
ETHEREUM TO LAUNCH “THE TORCH” NFT TO CELEBRATE 10-YEAR ANNIVERSARY
To commemorate Ethereum’s 10th anniversary, the Ethereum Foundation has announced the release of a special NFT called “The Torch.” According to the team, the NFT symbolizes the collective values and contributions of builders over the past decade. Starting July 30, users will be able to mint personalized commemorative editions. “The Torch” will be symbolically passed through the community and eventually burned, representing the spirit of decentralized legacy and shared responsibility.
Analysis:
“The Torch” is more than a commemorative item—it’s a ritualized expression of Ethereum’s community ethos. The mint-and-burn cycle reinforces core values like builder responsibility and collective memory, turning the NFT into a cultural artifact.
Open minting also lowers barriers to participation, fostering community inclusivity and engagement. The initiative could ignite a fresh wave of on-chain NFT activity, and acts as a symbolic starting point for Ethereum’s next chapter in decentralized innovation.
〈CoinRank Crypto Digest (7/21)｜Abstract Chain Surpasses 100 Million On-Chain Transactions〉這篇文章最早發佈於《CoinRank》。
