Here’s a short summary of today’s top crypto news:
ETH has surpassed BTC in spot trading volume for the first time in a year, signaling rising trader interest.
🔹 Market Pullback:
Crypto markets dropped 3–10%, wiping out $40B amid ETF outflows and speculative selling.
🔹 Altcoin Cool-Off:
Altcoin rally slows as Bitcoin dominance hits a key resistance level.
🔹 GENIUS Act Signed:
Trump signs stablecoin law, requiring full asset backing. This could boost mainstream adoption.
🔹 Big Institutional Moves:
Trump Media invests $2B in Bitcoin.
Goldman Sachs & BNY Mellon tokenize money market funds.
A new $70M crypto hedge fund is launching August 1.
🔹 Technical Trends:
Bitcoin is range-bound.
Ethereum may consolidate after rallying.
Solana remains in an uptrend.
🔹 Crime:
Two men in NYC charged with torturing a crypto investor to steal his BTC password.
