Key Headlines:
1. Thailand to Launch Crypto Payment Pilot for Tourists:
Thailand is gearing up to launch a crypto payment sandbox allowing tourists to make payments using digital currencies a move that could ease transactions and boost crypto adoption in tourism.
2. Rising Crypto Leverage Stress Signals Ahead?
Galaxy Digital warns that crypto loans are reaching near bull market highs. However, last weekâs over $1 billion in liquidations highlights that high leverage may become a double edged sword for the market.
3. FBI Alerts: Fake Law Firms Target Crypto Scam Victims:
FBI issues a warning: scammers posing as law firms are contacting prior crypto scam victims, offering bogus legal help in exchange for more cryptocurrency or gift cards.
4. Market Slumps as Whales Cash Out:
Whale investors are booking profits. Bitcoin slipped 1.09% to around $116,272, Ethereum dipped 0.51%, and XRP dropped 2.27%.
5. Bitcoin Stuck in Tight Trading Range:
Analysts observe that Bitcoin remains trapped between $116Kâ$124K, with speculation growing around a possible correction in September.
6. Rising Greed in Market Sentiment:
The Fear & Greed Index surged to 64, signaling increasing bullish sentiment and mounting buying pressure among investors.
7. Ethereum Eyes New Heights:
According to traders Ethereum is set to surpass its 2021 all time high (around $4.86K). If that happens, altcoins could enter a parabolic rally.
8. XRP Breakout Sparks Speculation:
XRP has broken past its 6 year accumulation range ($0.28â$0.43), triggering speculation among traders about the next major move.
9. JASMY Surges as Market Cap Rises:
JASMY token soared nearly 21% spurred by a broader crypto market valuation reaching $4.06 trillion.
#PowellWatch #MarketPullback #ETHStakingExitWatch #AltcoinSeasonLoading #CryptoIntegration 
