On Monday, U.S. stock indexes opened, the Nasdaq index rose 0.4% during the session, the S&P 500 index rose 0.2%, and gold fell 1.5% to $3345 per ounce. Trump nominated Stephen Milan to serve on the Federal Reserve Board, reinforcing the market's expectations for future easing policies from the Fed. Milan advocates for a rate cut, contrasting with Powell's cautious stance, with U.S. stock indexes and other risk markets recovering.
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The Hong Kong Monetary Authority stated that it warns that recent criminals have been using the HKMA's logo to issue promotional flyers for stablecoin sales. The HKMA reiterated that since the Stablecoin Ordinance came into effect on August 1, stablecoin sales must be executed by licensed stablecoin issuers, corporations holding Class 1 licenses from the Hong Kong Securities and Futures Commission, virtual asset trading platforms, banks, or licensed providers of stored value payment tools. The HKMA reminds the public that if they purchase unregulated stablecoins through unregulated channels, they must bear the related risks on their own. Stuart Kaiser, head of U.S. options strategy at Citibank, stated: The demand from asset management clients for products that short iShares indices or junk bond indicators has surged, which may indicate they are hedging against the rise in risk assets, as they believe the U.S. stock market will see a reasonable correction in the next three months. Musk stated that Grok 4 is now open to all users. French listed company Capital B increased its holdings by 126 BTC, totaling 2201 BTC. According to CryptoRank data, as of July 31, 2025, the financing scale of cryptocurrency projects this year has reached $20.6 billion, surpassing last year's total and breaking previous cycle records. According to 8market data, BTC's market value surpassing Amazon reached $2.45 trillion, and its global asset ranking rose to 6th place.
ETH's market value has risen to $500 billion, preliminarily reaching the public investment threshold regulated by some U.S. states, including New Hampshire, Texas, Oklahoma, etc. Analyst Adam stated: There are relatively many macro data this week, and the most important macro data is the CPI on Tuesday, while a notable event is the FOMC meeting on Friday; if the meeting yields substantive results, it will impact the global economy. Matrixport analysis states: The U.S. Securities and Exchange Commission (SEC) ruled that liquid staking tokens do not fall under the category of securities, bringing significant regulatory benefits to the industry, and some U.S. listed companies are accelerating their layouts, with their treasury holdings of ETH exceeding $3.5 billion, nearly ten times higher than last year. The market's next target may be $4362, with the historical high of $4892 still being a milestone. CoinDesk Data analyst Diwan stated: Historically, BTC's most significant appreciation occurs between the 500th and 720th days after the halving, if this pattern repeats, attention should be on the potential rise between the third quarter of 2025 and the beginning of the first quarter of 2026. Last week, the U.S. BTC spot ETF saw a cumulative inflow of $253.2 million, and the ETH spot ETF saw a cumulative inflow of $326.6 million.
According to strategicethreserve data, the total holdings of the ETH treasury strategy company reached 3.04 million ETH, accounting for 2.51% of the supply; the total holdings of the ETH ETF reached 5.91 million ETH, accounting for 4.89% of the supply.
According to EmberCN data, since July 10, over 1.09 million ETH have been accumulated by multiple whales/institutions, with the ETH price rising from $2600 to $4300 during this period. Michael Saylor, executive director of Strategy Company, stated: The number of companies holding BTC has increased from about 60 to 160 in the last six months, and BTC is expected to outperform the S&P 500 index in the foreseeable future. The U.S. Securities and Exchange Commission's 13F form shows that Harvard University's portfolio held $117 million worth of BlackRock's spot BTC ETF at the end of the second quarter, ranking as the fifth-largest holding in the university, slightly higher than its holding in Google's parent company Alphabet. Brown University first purchased BTC exposure in May and currently holds $13 million worth of BlackRock's BTC spot ETF. Tom Lee, chairman of BitMine, a U.S. listed company, stated that due to its legal clarity and technical reliability, Wall Street's attention to cryptocurrencies is gradually increasing, and traditional financial institutions are steadily increasing their holdings of cryptocurrencies. ETH is at a moment similar to BTC in 2017, and if the Fed cuts rates, BTC could potentially rise to $250,000.
The total U.S. debt has historically exceeded $37 trillion for the first time. Since Trump signed the so-called 'Beautiful Big Bill' and raised the debt ceiling on July 4, the total U.S. debt has increased by another $780 billion, equivalent to an average daily increase of $22 billion. Just last week, the U.S. increased its national debt by $724 billion, making the U.S. debt crisis more severe than ever. (Wealth) reports: Stablecoin issuers like Circle and Tether are swallowing more U.S. treasury bonds than most countries, with Tether holding over $100 billion in U.S. treasury bonds, surpassing countries like the UAE and Germany. Critics warn that even if stablecoins account for a small portion of the entire market, they could lead to instability in the banking sector. Analyst Dhaval Joshi stated: Trump is demanding a 3% rate cut from the Fed, given that the July employment report shows a明显 slowdown in the U.S. job market, Trump seems to have the upper hand in this struggle with Powell. Trump stated that all markets have reached new highs, now even higher than ever. Federal Reserve Board member Bowman: Recent employment growth data has been significantly revised downwards, highlighting the reasons the Fed should cut rates, as the evident weakness in the labor market outweighs the risks of rising inflation in the future. Bowman is expected to support rate cuts in all three remaining meetings this year. Bank of America’s monthly fund manager survey shows that, benefitting from optimistic earnings performance and improved global economic sentiment, investors are rushing back into the stock market, with large tech stocks once again becoming the hottest trade.
On Monday, U.S. stock indexes opened, the Nasdaq index rose 0.4% during the session, the S&P 500 index rose 0.2%, gold fell 1.5% to $3345 per ounce, BTC rose 1.6% to $120,000, and ETH rose 2.9% to $4300. The market is awaiting the U.S. Consumer Price Index (CPI) inflation data to be released on Tuesday, focusing on the extent to which tariffs affect inflation. If the CPI decreases on Tuesday and retail sales are weak on Friday, it would support expectations for a rate cut in September, favoring the continuation of the rebound in risk assets. (Previous CPI value: 2.7%, expected value: 2.8%) BTC's market share fell 3.22% in the past week to 60.5%, while the total market value excluding BTC rose 15.44%, and the total market value excluding both BTC and ETH rose 11.11%. The market generally believes that a continued decline in BTC's market share indicates the arrival of an altcoin season. Trump nominated Stephen Milan to serve on the Federal Reserve Board, strengthening the market's expectations for future easing policies from the Fed. Milan advocates for a rate cut, contrasting with Powell's cautious stance, pushing U.S. stock indexes and risk assets like BTC to rebound recently. The market's expectations for the Fed to cut rates in September rose to around 90%, and while waiting for a bull market, it may already be in one. The expectation for consecutive rate cuts in September, October, and December, with two rate cuts expected early next year. If there are five consecutive cuts, the effect cannot be ignored, and it is hoped to proceed smoothly. At the same time, pay attention to volatility risks! #比特币