ChainCatcher News: The U.S. Commodity Futures Trading Commission (CFTC) stated on August 5 that it is considering allowing registered futures exchanges to conduct spot cryptocurrency trading and has invited market participants to provide feedback. CFTC acting chair Caroline Pham noted that this initiative aims to enhance regulatory clarity, responding to the Trump administration's report from the Digital Asset Market Working Group, and is also part of the SEC's promoted 'crypto project' plan.
The U.S. Treasury Department announced it will auction $100 billion in four-week Treasury bills, marking a historic high in scale. The Treasury Borrowing Advisory Committee pointed out that as stablecoin issuers are required to back cryptocurrencies with assets like Treasury bonds, stablecoins have become an emerging source of demand for Treasury bills.
On-chain data shows that Bitcoin found support at the critical level of $112,000, with short-term rebound targets potentially reaching $124,000. Currently, the main resistance range is between $117,000 and $118,000; if it cannot break through, a pullback to $112,000 may occur.
In July, Ethereum demand reached 3 million units, primarily from ETF products and institutional holdings. BlackRock accounted for 78% of ETF inflows, while BitMNR and SharpLink Gaming accounted for 41% and 16% of institutional inflows, respectively. The trading sentiment in the options market is diverging, with traders focusing on ETH's key price range of $3,582 and $4,000.
4E reminds investors: Current regulatory and macro policy changes are frequent. It is advised that investors closely monitor policy dynamics, manage risk prevention, allocate assets reasonably, and maintain the ability to respond flexibly to market fluctuations.
