Key Takeaways
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Macro Environment: Despite Friday's non-farm payroll data refocusing market attention on economic concerns, there is still insufficient data to support a definitive trend. Dovish comments from Federal Reserve officials have boosted expectations for a rate cut in September, with market odds rising to 94%. Meanwhile, the EU has suspended its tariff countermeasures, leading to a strong rebound in U.S. equities, with all three major indices closing higher.
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Crypto Market: Bitcoin rebounded in sync, gaining 0.75% on the day. Several public companies further increased their ETH holdings, driving ETH above $3,700. The ETH/BTC ratio climbed back above 0.032. Bitcoin’s market dominance decreased by 0.73 percentage points week-over-week, and altcoins saw mixed performance, with Ethereum ecosystem tokens leading the gains.
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Outlook for Today: U.S. July ISM Non-Manufacturing PMI；ENA unlock: 2.70% of circulating supply, valued at approximately $95.8 million
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,329.93 | +1.47% |
| NASDAQ | 21,053.58 | +1.95% |
| BTC | 115,055.80 | +0.75% |
| ETH | 3,720.93 | +6.41% |
Crypto Fear & Greed Index: 60 (down from 64 24 hours ago), indicating “Greed”
Project Highlights
Trending Tokens: MAGIC, MNT
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TON: Verb Technology plans to raise $558 million in a private placement to initiate a TON reserve strategy.
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ADA: Input Output, Cardano’s parent company, announced that the community has approved the “IOE Roadmap” proposal, which includes allocating approximately 96,817,080 ADA (~$71.4 million) in treasury funds to support core protocol development. The approved budget will fund major upgrades in scalability, developer experience, and interoperability.
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MAMO: Coinbase added MAMO to its token listing roadmap.
Macro Economy
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EU to suspend trade countermeasures against the U.S. for 6 months
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Trump: Tariffs on India will be significantly increased
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Fed’s Daly: Rate cuts are approaching, more than two cuts likely within the year
Industry Highlights
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The U.S. CFTC, in coordination with the White House, has partnered with the SEC to launch a joint “crypto sprint” initiative
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The CFTC is considering allowing registered futures exchanges to offer spot crypto contracts
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Hanyu Pharma signed a strategic cooperation MOU with digital asset platform KuCoin, boosting its share price to the daily limit
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Strategy purchased 21,021 BTC last week for approximately $2.46 billion, at an average price of $117,256 per BTC
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Japan-listed Metaplanet added another 463 BTC to its holdings
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Bitmine’s ETH holdings exceed 833,000 ETH, valued near $3 billion
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The Ether Machine added 10,605 ETH, total holdings now over 345,000 ETH
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SharpLink Gaming increased its ETH holdings by 18,680 ETH, now holding 498,884 ETH
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Hyperliquid reached a new record with nearly $320 billion in trading volume for July
This Week’s Outlook
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August 5: U.S. July ISM Non-Manufacturing PMI; ENA unlock (2.70% of supply, ~$95.8M)
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August 6: MAVIA unlock (23.03% of supply, ~$1.9M)
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August 7: Trump’s reciprocal tariffs postponed to August 7; Hong Kong’s RWA registration platform launches; Bank of England interest rate decision
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August 8: U.S. deadline for Russia and Ukraine to reach agreement; IMX unlock (1.30% of supply, ~$12.2M)
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.
