Key Takeaways
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Macro Environment: After meeting with Ukrainian President Zelensky, Trump called Putin, announcing the start of preparations for a trilateral meeting. Both the U.S. and Russia expressed support for direct Russia-Ukraine negotiations. Financial markets reacted calmly—U.S. equities showed mild volatility, with the S&P slightly down, Nasdaq barely closing higher, and the small-cap Russell 2000 up 0.35%.
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Crypto Market: Bitcoin fell more than $3,000 during Asian trading hours and moved in sync with U.S. equities during U.S. hours, ending the day down 1%. The ETH/BTC ratio fell 2.6% week-over-week, boosting Bitcoin’s market dominance by 0.35%. Altcoins broadly followed the market correction.
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Outlook for Today: Deribit to launch Bitcoin and Ethereum linear options settled in USDC.
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,449.16 | -0.01% |
| NASDAQ | 21,629.77 | +0.03% |
| BTC | 116,228.40 | -1.00% |
| ETH | 4,312.62 | -3.58% |
Crypto Fear & Greed Index: 56 (down from 60 a day earlier), still in Greed zone.
Project Highlights
Trending Tokens: OKB, XMR
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OKB: X Layer completed the PP upgrade and launched optimization of the OKB Gas Token economic model. OKB has been progressively burned, fixing its total circulating supply at 21 million. OKB rose 4% against the market trend.
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XMR: Despite facing challenges from a 51% attack, Kraken continues to support Monero trading for users in Washington State, USA.
Macro Economy
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Fed’s unofficial voice: July overall PCE inflation expected to remain mild, with YoY growth at 2.6%.
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Trump: Preparing for a Putin-Zelensky meeting, followed by a trilateral summit.
Industry Highlights
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Federal Reserve ends its supervisory program on cryptocurrencies and distributed ledger technology.
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South Korea’s four largest banks accelerate stablecoin issuance plans, with meetings scheduled with Circle.
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Japanese stablecoin issuer JPYC obtained a license, with plans to launch a yen stablecoin by October.
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India’s Central Board of Direct Taxes has begun dialogues with local crypto exchanges, requesting formal responses on digital asset matters.
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MicroStrategy added 430 BTC at an average purchase price of $119,666, bringing total holdings to over 629,000 BTC.
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MicroStrategy also relaxed stock sale rules to enhance financing flexibility.
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Dutch-listed company AMDAX announced plans to purchase 1% of Bitcoin’s total supply.
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KindlyMD completed a $200M convertible bond financing round to increase its Bitcoin holdings.
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U.S.-listed BTCS to distribute a one-time blockchain dividend to shareholders in ETH, worth up to $0.40 per share.
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ETH holdings across 69 Ethereum treasury companies surpassed 4M ETH, with the top three treasuries holding over $10B worth.
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“BNB’s MicroStrategy” BNC expanded its BNB holdings to 325,000 tokens.
This Week’s Outlook
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Aug 19: Deribit launches Bitcoin & Ethereum USDC-settled linear options.
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Aug 20: Fed Governor Waller to speak at Wyoming Blockchain Conference; Brazil to hold a hearing on Bitcoin strategic reserves; ZRO unlock (8.53% of supply, ~$56.6M); KAITO unlock (10.87% of supply, ~$26.2M); ZK unlock (8.53% of supply, ~$56.6M).
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Aug 21: Fed to release FOMC meeting minutes; 2027 FOMC voter and Atlanta Fed President Bostic to deliver an economic outlook speech.
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Aug 22: Fed Chair Powell to speak at Jackson Hole.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
