Key Takeaways
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Macro Environment: The U.S. July ISM Non-Manufacturing PMI came in below expectations, raising concerns of stagflation. In an interview, Trump announced upcoming tariffs on pharmaceuticals and semiconductors and threatened increased tariffs on India and the EU. Fears of stagflation and escalating trade tensions spurred risk-off sentiment, leading all three major U.S. stock indexes to close lower.
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Outlook for Today:
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FOMC 2025 Voter & Boston Fed President Susan Collins to speak on U.S. and global economic outlook
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FOMC 2027 Voter & San Francisco Fed President Mary Daly to give remarks
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MAVIA token unlock (23.03% of supply, worth ~$1.9M)
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Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,299.20 | -0.49% |
| NASDAQ | 20,916.55 | -0.65% |
| BTC | 114,129.60 | -0.81% |
| ETH | 3,611.71 | -2.94% |
Crypto Fear & Greed Index: 54 (vs. 60 24 hours ago) – Neutral level
Project Highlights
Trending Tokens: MNT, LTC, MYX
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MNT: Its regulated Swiss bank subsidiary (UR) will end Beta testing on August 8 and is expected to launch officially in Q3 2025.
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LTC: MEI Pharma announced the acquisition of 929,548 LTC, worth approximately $110 million.
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MYX: Experienced a short squeeze rally of over 700%, with funding rates persistently at the -2% lower bound.
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OM: Inveniam will invest $20 million in MANTRA.
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DYDX: Coinbase added DYDX to its asset listing roadmap.
Macro Economy
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Trump Interview with CNBC Economic Forum:
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Tariff announcements on pharmaceuticals and semiconductors expected within a week, starting small and potentially reaching 250%
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India is currently the highest-tariffed country; tariffs to be significantly increased within 24 hours
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EU may face 35% tariffs if obligations are not fulfilled
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Claimed labor statistics are politically manipulated
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Indicated a new Fed chair could be announced soon
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U.S. July ISM Non-Manufacturing PMI: 50.1 – below previous and forecast
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U.S. July S&P Global Services PMI (Final): 55.7 – above previous and forecast
Industry Highlights
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U.S. CFTC is considering allowing futures exchanges to offer spot crypto trading
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U.S. SEC clarified that liquid staking is not considered a security
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Philippines SEC flagged 10 unauthorized crypto exchanges
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Trump to sign an executive order protecting crypto firms and individuals from de-banking risks
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Indonesia Vice President’s Office is exploring Bitcoin as a national reserve asset
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Brazil to hold a public hearing on strategic Bitcoin reserves on August 20, 2025
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Bhutan government sent 517 BTC to a newly created wallet
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180 Life Sciences raised $425M in private funding, officially launching its ETH treasury strategy
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Fundamental Global completed a $200M private placement to accelerate its Ethereum reserve strategy
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SharpLink added 83,561 ETH, taking its total holdings to over 520,000 ETH
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Galaxy plans to launch tokenized stocks (GLXY)
This Week’s Outlook
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August 7:
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Trump’s reciprocal tariff activation delayed to August 7
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Hong Kong's RWA registration platform goes live
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Bank of England policy rate decision
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August 8:
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U.S. demands Russia and Ukraine reach a deal by August 8
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IMX unlock: 1.30% of supply, worth approximately $12.2M
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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.
