● Viewpoint: Policy instability and fiscal pressure may lead to further declines in the dollar
According to ChainCatcher, Prosper Group economist David A. Meier stated that due to the impact of unstable policy-making and increased fiscal pressure, the dollar is likely to continue its downward trend. Since peaking in September 2022, the dollar has depreciated by about 15%. Recent U.S. policy-making has further impacted the currency value and prolonged the bear market.
There is no conclusion yet on whether the safe-haven characteristics of the dollar are being challenged, as the dollar often weakens when the U.S. becomes a source of risk aversion. If policy instability subsides, market confidence in the dollar will be restored.
● Trump officially signed the Stablecoin Bill (GENIUS Act)
According to ChainCatcher, U.S. President Trump signed the (Guidance and Establishment of the U.S. Stablecoin National Innovation Act) at the White House, marking the effective date of the first federal legislation regulating cryptocurrency.
The bill requires stablecoin issuers to maintain a 1:1 reserve backed by liquid assets such as U.S. dollars and short-term government bonds, and to publicly disclose the reserve composition monthly, making stablecoins the official monetary tool endorsed by the state.
● Trump: Major trade agreements will be announced soon
According to Deep Tide TechFlow, on July 19 at 8:00 AM UTC, U.S. President Trump stated regarding trade agreements that several significant agreements will be announced soon. Trump mentioned that several important trade letters are about to be sent, possibly today. When the letters are sent out and indicate tariffs of 35% and 40%, that will be a sign that agreements have been reached.
● SEC Chairman: Plans to introduce innovative exemptions to promote asset tokenization development
According to reports from Wu Says, after the U.S. House of Representatives passed the Stablecoin Bill, SEC Chairman Paul Atkins stated that they are considering introducing 'innovative exemptions' to promote asset tokenization and encourage new trading methods and the infrastructure for establishing a tokenized securities ecosystem. He mentioned that the SEC is studying whether to adjust policies within the current regulatory framework to support further development of tokenization.
● Charles Schwab to launch Bitcoin and Ethereum spot trading services
According to ChainCatcher, Charles Schwab CEO Rick Wurster stated that the company plans to launch spot trading services for Bitcoin and Ethereum.
● James Wynn: Bitcoin dominance rebounds, altcoin season may be postponed
According to Odaily Planet Daily, James Wynn stated that as Bitcoin dominance (BTC.D) rebounds, funds are flowing out of altcoins, and the expected altcoin season may be temporarily shelved.
● Bitcoin whales selling billions of dollars in Bitcoin raises market concerns
According to Cointelegraph, despite the U.S. Senate passing three key cryptocurrency bills, the sale of billions of dollars in Bitcoin by whales has raised concerns about market corrections. A whale from the Satoshi era moved $9.6 billion in Bitcoin after being silent for 14 years. The whale may have chosen to sell due to concerns about the GENIUS Act, which mandates audits for stablecoins. Financial analyst Jacob King stated that this will expose the largest bubble and fraud in financial history: Bitcoin.
Nevertheless, Nansen analysts believe that long-term Bitcoin whales may not be too concerned about regulations. Meanwhile, U.S. Bitcoin ETFs have seen net inflows for 11 consecutive days, attracting more than $522 million in investments on Thursday.
