📰 General overview of the crypto market and today's news:
• Significant market drop: global capitalization plunged between -3% and -7%, according to different sources, affected by fears of tariffs and an unfavorable macroeconomic context .
• Bitcoin (BTC): has fallen below $115,000, with variations of up to 3-3.5% in the last 24 hours .
• Ethereum (ETH): lost between 3.7% and 6%, trading around $3,600   .
• Altcoins like Solana, Dogecoin, and Cardano also recorded drops: Solana fell by 4.5%, XRP around 4% .
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📈 Market indicators and data
• Fear and Greed Index dropped from 74 to 72 as of July 31, indicating a market still driven by greed, though with signs of moderation .
• Trading volume in July reached $1.823 trillion, a 55% month-over-month increase, the highest level since February .
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🏛 Regulation and institutional actions
• Venture capital firm Andreessen Horowitz published an open letter to the U.S. Senate requesting the removal of the concept of “ancillary asset” in crypto legislation, and announced that public companies committed $8 billion in cryptocurrency purchases this week .
• The U.S. SEC launched “Project Crypto”, an initiative to completely reform rules regarding digital assets. Additionally, it is accelerating approvals of crypto ETFs, promising greater liquidity and institutional entry into the market .
• In the political arena, some Democrats are changing their stance and pushing projects like the Genius Act and the Clarity Act as a strategy to reclaim crypto-friendly voters and donors .
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🛠 Innovation and startups
• SpacePay has launched a solution for merchants to accept payments in Bitcoin through terminals, with instant conversion to fiat currency .
