🔍 Market Driving Factors

• Positive U.S. Regulatory Legislation:

• The issuance of the GENIUS Act which regulates the operation of stablecoins and requires them to be backed by low-risk assets at a 1:1 ratio .

• The launch of Project Crypto by the SEC which provides a clear policy framework for the classification of digital assets and the use of comprehensive applications that combine trading, lending, and staking .

• Strategic Bitcoin Reserve:

• An executive order aimed at forming a Bitcoin reserve and a digital asset reserve, enhancing Bitcoin's status as an official state asset .

• Inflationary Pressures and Tariffs:

• Trump's statements regarding the imposition of new tariffs raised inflation concerns and led to a long-term liquidation wave, alongside worries that tariff increases could negatively affect the cryptocurrency mining sector .

• Upcoming Events in August:

• The release of U.S. inflation data for the period ending in July on August 13, which may determine the Federal Reserve's direction regarding interest rate cuts in September and beyond $BTC $ETH $XRP #FOMCMeeting #BTCReserveStrategy #sameralobeidi7