🔥🔥🔥 Market Brief Thursday - 31/07
+ US stocks, BTC, and a range of altcoins strongly recovered after the early morning sweep from the FED meeting [CT]
+ FED maintains interest rates at 4.25% - 4.5% for the 5th consecutive time - Chairman Powell has not yet decided to cut rates in September, as inflation still remains high and tariffs have just begun to exert pressure [CT]
+ US - South Korea reach an agreement: South Korea opens its market to US goods along with major commitments in exchange for a 15% tariff [CT]
+ At 7:30 PM tonight, the US will announce June PCE inflation:
PCE Y/Y (last month = 2.3%)
Core PCE Y/Y (last month = 2.7%)
📝 Spot ETF session 30/07 [CT]
+ BTC up +$47.4M, BlackRock nets +$34.7M, marking the 5th consecutive positive session
+ ETH up +$6.2M, BlackRock nets +$20.7M, marking the 19th consecutive positive session
+ SOL up +$9.9M from REX-Osprey
+ The White House announces a crypto report, proposing a clear legal framework, promoting innovation, and building a Bitcoin reserve fund from seized assets [CT]
+ SEC announces new ETF standards: tokens with futures contracts on Coinbase for 6 months or more will qualify as ETFs, expected to approve in mass in September–October [CT]
+ JPMorgan and Coinbase will allow linking bank accounts with crypto wallets starting in 2026, while also launching a feature to convert reward points to crypto [CT]
+ Robinhood's Q2 revenue reaches $989M, up 45% thanks to the doubling of its crypto segment ($160M) [CT]
+ The Trump WLFI project invests $10M in Falcon Finance to develop the USD1 and USDf stablecoin infrastructure [CT]
+ Ether Machine Fund buys nearly 15K ETH, increasing its total holdings to 334,757 ETH ~$1.27B, still has $407M to purchase more [CT]