According to ChainCatcher, U.S. Secretary of Commerce Raimondo stated that there are still many issues to be negotiated in the U.S.-EU trade agreement, with plenty of room for further discussions. In the interview, Raimondo mentioned that topics such as digital services, taxation, and the EU's attacks on U.S. tech companies will be put on the negotiating table. She added that contents not included, such as steel and aluminum products, will also become part of the upcoming negotiations.
● IMF forecasts global economic growth rates of 3% and 3.1% for 2025 and 2026, respectively.
According to ChainCatcher, the International Monetary Fund (IMF) has released updates to the World Economic Outlook report, predicting global economic growth of 3% and 3.1% for 2025 and 2026, respectively. This is an upward revision of 0.2 and 0.1 percentage points compared to the forecast made in April this year.
● Standard Chartered predicts Ethereum may break through $4000.
According to BlockBeats, Geoff Kendrick, head of digital asset research at Standard Chartered, stated that as cryptocurrency treasury companies continue to buy Ethereum, it is expected to rise further. These companies are beginning to include Ethereum in their asset allocation, with institutional buying strength exceeding that of Bitcoin. Due to restrictions on cryptocurrency asset investments in many jurisdictions, investors tend to allocate through alternative channels like publicly listed companies. Kendrick predicts that if the inflow of funds continues, Ethereum is likely to break through the key level of $4000, which is their price prediction for the end of 2025.
● Glassnode: The market share of open interest contracts is approaching 40%.
According to BlockBeats, on July 29, Glassnode reported that the market share of open interest positions in Ethereum has risen to nearly 40%, the highest level since April 2023. Historically, only 5% of trading days have surpassed this value. This change marks a significant shift in speculative focus, with funds gradually flowing from Bitcoin to Ethereum.
● Matrixport: Trading volume continues to decline, Bitcoin may enter a summer consolidation phase.
According to Deep Tide TechFlow, Matrixport released a chart today stating that 'trading volume has recently begun to enter a platform consolidation phase, showing initial signs of a weak summer market. Although the current market remains active, the lack of key catalytic events in August, combined with a general decline in retail trading willingness during the holiday period, may gradually cool market enthusiasm. The chart shows that there have been three significant trading volume spikes in the past 18 months, each accompanied by a substantial rise in Bitcoin prices. While such phenomena are rare, they often serve as strong signals reminding us to closely monitor similar trends during market evolution. Historical experience indicates that declining trading volume is often a precursor to Bitcoin entering a consolidation phase. As August approaches, the market may be gradually entering this stage.'
● Dalio suggests 15% asset allocation to Bitcoin and gold to cope with U.S. debt.
According to Deep Tide TechFlow, on July 29, billionaire Bridgewater founder Dalio stated support for allocating 15% of assets to Bitcoin and gold to cope with the U.S. debt spiral.
