Key Takeaways
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Macro Environment: Global markets are heading into a "super 72 hours" with key events including the U.S. Fed interest rate decision, earnings from major U.S. tech companies, and the tariff deadline. Despite some positive signs in U.S.-China trade relations, market sentiment remains cautious. All three major U.S. indices closed lower, ending the S&P 500's six-day winning streak.
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Crypto Market: Bitcoin mirrored U.S. equities in the U.S. trading session and closed slightly down (-0.1%) after the SEC approved "in-kind creation and redemption" for Bitcoin and Ethereum ETFs. ETH followed BTC, with the ETH/BTC pair holding above 0.032. Bitcoin dominance rose by 0.08, while most altcoins declined.
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Outlook for Today:
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Fed interest rate decision and Powell’s press conference; July ADP employment data
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U.S. Q2 GDP data series
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First White House crypto policy report to be released on July 30
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Ethereum’s 10th Genesis Block anniversary
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KMNO unlock: 9.53% of circulating supply (~$13.8M)
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,370.87 | -0.30% |
| NASDAQ | 21,098.29 | -0.38% |
| BTC | 117,935.00 | -0.10% |
| ETH | 3,793.97 | -0.10% |
Crypto Fear & Greed Index: 74 (up from 73 in the past 24 hours), indicating Greed
Project Highlights
Trending Tokens: ETH, PUMP, ZBCN
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ETH (-0.1%): SEC approved "in-kind" redemption mechanism for Ethereum ETF
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PUMP (+14%): pump.fun pledged to use 100% of daily revenue for buybacks
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OMNI (+92%): Listed on Upbit with KRW trading pair
Macro Economy
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“Fed Whisperer”: Fed not ready to cut rates this week
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U.S.-China Talks Consensus: Both sides to extend suspended U.S. reciprocal tariffs (24%) and Chinese countermeasures for 90 days
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Trump: India may face 20–25% tariffs, though no final deal yet
Industry Highlights
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SEC approves "in-kind" redemption for BTC & ETH ETFs; relaxes options position limits
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SEC delays decision on Grayscale Litecoin ETF to October 10
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Algeria bans all crypto-related activities; violators face prison and fines
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Senator Lummis introduces bill to include crypto as mortgage collateral
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Hong Kong Monetary Authority: Stablecoin issuer regulations to take effect August 1
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Strategy buys another 21,021 BTC for $2.521B, raising total holdings to 628,791 BTC
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Dormant whale address holding 3,963 BTC active after over 14 years
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eToro to launch tokenized U.S. stocks on Ethereum
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Linea announces upgrade plan to adopt ETH burn mechanism
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Kraken seeks $500M funding, target valuation $15B
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Bakkt to raise $75M via share issuance to buy BTC
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Public company ZOOZ raises $180M in private placement for BTC treasury strategy
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SharpLink adds 77,210 ETH, total holdings reach ~438K ETH
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ATNF plans $425M raise to transition into Ethereum treasury company
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BMNR increases ETH holdings to ~625K, ranks first among institutional holders
This Week’s Outlook
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July 30: Fed decision & Powell presser; U.S. July ADP jobs data; Q2 GDP data; White House crypto policy report; Ethereum Genesis Block 10th anniversary; KMNO unlock (~$13.8M); U.S.-China trade talks in Sweden (July 27–30)
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July 31: U.S. June Core PCE; BOJ interest rate decision; Strategy Q2 earnings release; OP unlock (1.79%, ~$22.8M); Microsoft and Meta earnings
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August 1: U.S. July Nonfarm Payrolls; Trump’s tariff grace period ends (no further extension); Hong Kong begins enforcement of Stablecoin Ordinance (unlicensed stablecoins deemed illegal); SUI unlock (1.27%, ~$188M); GPS unlock (20.42%, ~$11.6M)
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