The dollar may continue to decline due to policy and fiscal factors
According to ChainCatcher, David A. Meier, an economist at Baosheng Group, pointed out that instability in policy-making and increasing fiscal pressures may continue to drive the dollar down. Since reaching its peak in September 2022, the dollar has depreciated by about 15%. Recent policy adjustments in the U.S. have further impacted the dollar's value, extending the bear market.
There is no conclusion yet on whether the safe-haven characteristics of the dollar are under challenge, as the dollar often weakens when the U.S. itself becomes a source of risk aversion. However, if the policy instability eases, market trust in the dollar may be restored.
Trump signs stablecoin bill, new regulations for crypto oversight
Also reported by ChainCatcher, U.S. President Trump signed the (Guidance and Establishment of the U.S. Stablecoin National Innovation Act) (GENIUS Act) at the White House, marking the formal enactment of the first federal legislation regulating cryptocurrency.
The bill stipulates that stablecoin issuers must have 1:1 reserve support with liquid assets such as U.S. dollars and short-term government bonds, and disclose the reserve composition monthly, making stablecoins an official currency tool backed by the state.
Trump reveals major trade agreements will be announced
According to Deep Tide TechFlow, on July 19, U.S. President Trump mentioned that he would soon announce several major trade agreements while discussing trade agreements. He also stated that several important trade letters would be sent soon, possibly on the same day. Trump emphasized that when the letters are sent and indicate a tariff of 35% or 40%, it means an agreement has been reached.
SEC Chairman plans to push for innovation exemptions to support asset tokenization
Wu Shuo reports that after the U.S. House of Representatives passed the stablecoin bill, SEC Chairman Paul Atkins stated that he is considering introducing 'innovation exemptions' to promote asset tokenization, aiming to encourage new trading methods and build the infrastructure for a tokenized securities ecosystem. He also mentioned that the SEC is studying whether adjustments to current regulatory policies are needed to further support the development of tokenization.
Charles Schwab enters the crypto spot trading market
ChainCatcher reports that Charles Schwab CEO Rick Wurster revealed that the company plans to launch spot trading services for Bitcoin and Ethereum.
Bitcoin dominance rebounds, altcoin market may face obstacles
Odaily Planet Daily reports that James Wynn stated that as Bitcoin dominance (BTC.D) rebounds, funds are flowing out of altcoins, and the anticipated 'altcoin season' may be temporarily shelved.
Concerns arise over Bitcoin whale sell-offs, market shows mixed signals
Cointelegraph reports that despite the U.S. Senate passing three key crypto bills, the Bitcoin whale's sell-off of billions of dollars in Bitcoin has raised concerns about price corrections. A whale that has existed since the Satoshi era transferred $9.6 billion worth of Bitcoin after being silent for 14 years. Some believe the whale's sell-off may be due to worries about the GENIUS Act's auditing requirements for stablecoins. Financial analyst Jacob King even stated that this would burst the largest bubble and fraud in financial history — Bitcoin.
However, analyst Xiaowan believes that long-term Bitcoin whales may not be very concerned about regulations. Notably, U.S. Bitcoin ETFs have seen net inflows for 11 consecutive days, attracting over $522 million in investment on Thursday.