Key Takeaways
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Macro Environment: U.S. stock indices all strengthened on Friday amid optimism over trade agreements, with the S&P 500 and Nasdaq hitting new highs. Over the weekend, the U.S. and the EU reached a 15% tariff agreement, leading U.S. stock futures to open higher on Monday.
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Crypto Market: Boosted by optimism from the trade deal and continued accumulation by Strategy, Bitcoin recovered Friday’s losses and climbed back above 119,000. ETH continued its strong performance, rising for the fourth consecutive day, with the ETH/BTC ratio rebounding to 0.032. Bitcoin dominance declined for the fourth straight day to 61%, while altcoins showed mixed performance.
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Outlook for Today: U.S.-China trade talks held in Sweden from July 27 to July 30; JUP token unlock: 1.78% of total supply, valued at ~$31.7 million; Stablecoin Layer 2 network Plasma concludes public sale
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,388.65 | +0.40% |
| NASDAQ | 21,108.32 | +0.24% |
| BTC | 119,411.20 | +1.27% |
| ETH | 3,872.45 | +3.51% |
Crypto Fear & Greed Index: 75 (was 73 24 hours ago), level: Greed
Project Highlights
Trending Tokens: ETH, ENA, JUP, VINE
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JUP (+8%): Jup Launchpad was very active over the weekend and is on the verge of surpassing Pump to become the second-largest in market share.
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VINE (+108%): Elon Musk tweeted about reviving Vine through AI, pushing the token up 235% over the past seven days.
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BNB (+6%): Windtree Therapeutics signed a new $520 million financing agreement to purchase BNB.
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HBAR (+1%): Robinhood U.S. has listed HBAR spot trading.
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SYRUP (+0.6%): Maple Finance initiated proposal MIP-018 to use 25% of protocol fee revenue to buy back SYRUP.
Macro Economy
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The U.S. and EU reached a 15% tariff agreement
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U.S. Secretary of Commerce: August 1 is the final deadline for tariff increases
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Yonhap News: South Korea’s Finance Minister may hold tariff talks with the U.S. on July 31
Industry Highlights
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The White House will allow 401(k) investments in cryptocurrency
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Strategy raised its STRC preferred stock issuance target from $500 million to $2.521 billion
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Michael Saylor again shared a Bitcoin Tracker update, possibly signaling new BTC accumulation
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Nasdaq-listed Bit Digital plans to increase its authorized share capital to 1 billion common shares to raise funds for further ETH purchases
This Week’s Outlook
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July 28: U.S.-China trade talks in Sweden; JUP unlock (1.78%, ~$31.7 million); Plasma stablecoin Layer 2 ends public sale
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July 29: U.S.-China trade talks in Sweden; Sui ecosystem's MPC network Ika to launch mainnet
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July 30: U.S. July ADP data; Federal Reserve interest rate decision and Powell press conference; U.S. Q2 GDP data release; White House to publish its first crypto policy report; Ethereum's Genesis Block 10th Anniversary; KMNO unlock (9.53%, ~$13.8 million); U.S.-China trade talks in Sweden
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July 31: U.S. June Core PCE data; Bank of Japan rate decision; Strategy to release Q2 earnings; OP unlock (1.79%, ~$22.8 million); Microsoft and Meta earnings
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August 1: U.S. July nonfarm payrolls; Trump's deadline extension for “reciprocal tariffs” ends August 1, no further delays planned; Hong Kong to implement the “Stablecoin Regulation” on August 1, making it illegal to promote or market any unlicensed stablecoins; SUI unlock (1.27%, ~$188 million); GPS unlock (20.42%, ~$11.6 million)
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