Market News 📰:
• Trump’s Pro-Crypto Moves: Signed executive orders allowing crypto in 401(k) plans ($12.5T market) and banning banks from debanking crypto firms, boosting BTC, ETH, and altcoins.
• Regulatory Wins: SEC exempts liquid staking tokens (e.g., stETH, JitoSOL) from securities rules, enhancing ETH ETF prospects. Ripple-SEC lawsuit ends, driving XRP to $3.32 (+7-8%).
• Tariff Volatility: Trump’s tariffs (10-41%) triggered a 3% BTC drop to $113,231 and $490M in liquidations, impacting SOL and ETH. Inflation fears may boost BTC as “digital gold” long-term.
• Institutional Adoption: BlackRock’s IBIT fund led $4.96B in BTC ETF inflows. Corporate treasuries (e.g., SharpLink, Cosmos Health) allocated $483M to ETH.
• Market Sentiment: Fear & Greed Index at 67 (Greed), reflecting bullish optimism. Total market cap up 1.2-2% to $3.89T, but August historically cautious for BTC (-3.55% avg.).
• Meme Coins & Altcoins: Solana-based meme coins (e.g., $FAITH, $KID) gain traction. Chainlink’s $1M LINK buyback plan lifts token 10-11%.
