PANews reported on July 16 that according to Zhitong Finance, on Wednesday, Ethereum reserve concept stocks in the U.S. stock market rose strongly, with GameSquare (GAME.US) soaring more than 40%, BTCS Inc (BTCS.US) rising more than 22%, Bitmine Immersion Technologies (BMNR.US) rising more than 15%, Bit Digital (BTBT.US) rising more than 12%, and SharpLink Gaming (SBET.US) rising more than 11%. On the news front, the price of Ethereum approached $3,200, up nearly 3% on the day. In addition, in this week known as "Crypto Week", the U.S. House of Representatives will consider three bills aimed at comprehensively reforming U.S. cryptocurrency policies. Josh, an analyst at TPICAP's digital assets department, said in a report that this could pave the way for cryptocurrencies to gain more institutional adoption.