1. Crypto market under pressure: decline dominates
Most assets are in the 'red': 95 out of 100 most popular cryptocurrencies lost value, overall the market reduced its capitalization by 2.8%, which now stands at $3.88 trillion, and trading volume — $149 billion. BTC and ETH fell by 2.7% and 5.2% respectively
Bitcoin breaks the $109–110k mark, pressure supported by a turnaround sentiment from the Fed: only a moderate rate cut is expected in September, without radical maneuvers
Weekly dynamics of BTC: open — $117,465, low — $110,671, close — $113,478; total decline ≈ 3.4%
2. Binance Futures has resumed operations
After a short technical pause, the platform resumed futures trading — the conflict is resolved, trading is back on
3. Trump and cryptocurrency — mega moves
Trump Media Group in collaboration with Crypto.com announced the launch of a SPAC company, aiming for a significant investment in the Cronos (CRO) coin. Expected to go public on Nasdaq under the ticker 'MCGA'
Total transaction volume: $1 billion in CRO, $200 million in cash, $220 million in warrants, $5 billion credit line. It was previously reported that the Trump family plans significant positions in CRO; due to this hype, CRO rose by over 115% in a week
4. New favorites or hype?
Remittix (RTX) is actively promoted as the most promising project: focusing on cross-chain remittances, supporting 40+ assets, presale price ≈ $0.0987, over $21.8 million raised. Beta wallets and listings on BitMart on the horizon — active hype for growth
Layer Brett (LBRETT) emerged as a 'meme coin with utility': Layer2 for Ethereum, presale with 20,000% APY, huge expectations and 100x potential — hype at its peak
