CoinVoice has learned that 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 pointed out that this initiative aims to enhance regulatory clarity, is a response to the Trump administration's Digital Asset Market Working Group report, and is part of the SEC's promoted 'crypto project' plan.
The U.S. Treasury Department announced that it will auction $100 billion in four-week Treasury bills, a record high. The Treasury Borrowing Advisory Committee noted that as issuers of stablecoins 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 is supported at the key level of $112,000, with a short-term rebound target potentially reaching $124,000. Currently, the $117,000–$118,000 range is the main resistance area, and if it cannot break through, it may pull back to $112,000.
In July, the demand for Ethereum reached 3 million units, mainly 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 mixed, with traders focusing on the key price ranges for ETH at $3582 and $4000.
4E reminds investors: Current regulatory and macro policy changes are frequent, and it is advisable for investors to closely monitor policy dynamics, manage risk control, allocate assets reasonably, and maintain flexibility to respond to market fluctuations. [Original link]
