● BNB briefly surpassed 847 USDT, setting a new historical high
According to Binance market data, BNB briefly surpassed 847 USDT, reaching a high of 847.96 USDT, setting a new historical high.
● Agreement reached between the United States and the European Union on a 15% tariff rate
According to PANews, on July 27 local time, U.S. President Trump announced that the United States and the European Union reached a trade agreement imposing a 15% tariff on EU goods imported into the U.S. The EU will increase its investment in the U.S. by $600 billion, purchase $750 billion of U.S. energy products, and procure American military equipment. Tariffs on steel and aluminum will remain unchanged, and the agreement will benefit the automotive and agricultural industries. The U.S. will focus on the chip sector, and Commerce Secretary Raimondo stated that chip tariff policies will be determined within two weeks.
European Commission President von der Leyen stated that the EU will import more liquefied natural gas from the U.S., and tariffs in the automotive and pharmaceutical sectors will be unified at 15%. No agreement has been reached in the spirits sector, and details will be announced in the coming weeks.
● The probability of the Federal Reserve maintaining interest rates in July is 97.4%
According to Jin Ten Data, CME's 'Federal Reserve Watch' shows that the probability of the Federal Reserve maintaining interest rates in July is 97.4%, while the probability of a 25 basis point rate cut is 2.6%.
● Analyst: ETH on-chain activity is close to historical highs, with strong demand from new buyers
According to BlockBeats, on-chain data analyst Murphy pointed out that after July 20, the activity of new ETH buyers increased, indicating strong demand for ETH. Long-term holders have also increased their holdings during price consolidation, with fewer profit-taking sellers and strong confidence among holders. On-chain activity data for ETH shows that the number of transactions is close to the historical peak in May 2021, and the amount transferred is rapidly increasing, indicating significant participation from large funds. Although prices are below the $4,000 level expected in December 2024, the transfer amount has already surpassed the same period. Murphy believes that despite nearly 700,000 staked ETH waiting to exit, as long as new buyer demand continues, the market can absorb the excess supply, accelerating the process of chip switching.
According to BlockBeats, Blockware BTC analyst Mitchell Askew stated that Bitcoin is no longer experiencing parabolic rises or destructive bear markets. The spot ETF has permanently reduced volatility and changed market dynamics. Bitcoin appears to be a different asset before and after the ETF launch, and it is expected to reach $1 million in the next decade through increases and consolidations. This will drive short-term speculators out of the market. Since the U.S. launched the Bitcoin ETF in January 2024, price volatility has significantly decreased.
Bloomberg senior ETF analyst Eric Balchunas stated that reduced volatility helps attract larger investors and provides an opportunity for Bitcoin to be adopted as currency, but there may no longer be god-tier candlesticks. The spot ETF interweaves traditional finance, institutional investors, and the crypto asset market.
● Analyst claims Bitcoin OGs have lost confidence due to institutional adoption
According to Cointelegraph, a well-known crypto analyst has sparked debate within the Bitcoin community by stating that Bitcoin OGs have lost confidence due to institutional adoption. Scott Melker noted that many early whales are selling Bitcoin at current prices due to shaken confidence. Melker pointed out that Bitcoin has been somewhat taken over by the institutions it was originally fighting against. Mike Alfred, founder of Alpine Fox, stated that there are various reasons for people selling Bitcoin, unrelated to the asset or protocol. Dave Weisberger believes that widespread adoption cannot be achieved without institutional interest. Crypto Mags emphasized that Bitcoin is suitable for everyone, including enemies and governments. Matt Hougan stated that Bitcoin remains revolutionary, being the world's first currency supported by logic and community.
● Ethereum price volatility may lead to changes in liquidation intensity for mainstream CEXs
According to BlockBeats, on July 27, Coinglass data showed that if Ethereum breaks through $3,900, the cumulative liquidation intensity of short positions on mainstream CEXs will reach $740 million. If Ethereum falls below $3,700, the cumulative liquidation intensity of long positions on mainstream CEXs will reach $1.528 billion.
