Daily Crypto & Economic Pulse – August 2, 2025
Global markets reeled under renewed economic uncertainty as President Trump’s aggressive tariff hikes—ranging from 10% to 41% on key trading partners like the EU and Canada—took effect, sparking fears of inflation and slower growth. The USD Index plummeted 1.28% after weak U.S. jobs data (73K new jobs vs. 110K expected), raising speculation of a Fed rate cut by September. This macroeconomic turbulence has spilled into crypto, with Bitcoin and Ethereum leading a $630M market cap wipeout amid risk-off sentiment.
Axie Infinity (AXS): The gaming platform is expanding its ecosystem with SharpLink Gaming integrations, attracting whale investments (38,606 ETH recently moved for development funding).
Flow (FLOW): Despite broader market dips, Flow’s partnership with Solflare aims to boost on-chain financial product adoption, leveraging Solflare’s 4M-user base for NFT and DeFi growth.
Floki (FLOKI): The meme coin is pivoting toward utility with rumors of a metaverse gaming project, though its price remains volatile amid low liquidity.
Geopolitical tensions, including U.S.-China trade talks and NATO’s new arms fund for Ukraine, add layers of uncertainty, potentially driving crypto as a hedge. Meanwhile, Ethereum’s 10th anniversary highlights its resilience as a "trust layer" for digital infrastructure, per Nasdaq. Investors should watch for Fed policy signals and tech milestones in these projects for near-term cues.
Stay tuned for tomorrow’s pulse!