1. Risk‑Off Drops Through Crypto Markets
Sentiment has swung decisively bearish today. A softer-than‑expected U.S. jobs report, coupled with escalating geopolitical tensions and trade uncertainties, sparked widespread risk aversion in markets. Crypto followed suit: Bitcoin slid 1%–5%, Ether and major altcoins dropped sharply, and more than $700 million in leveraged long positions were liquidated. ([Coindesk via turn0news49])
At the same time, Coinbase stock sank 17% after missing Q2 earnings expectations—despite later commenting that trading volumes were improving—underscoring heightened sensitivity between equities and crypto today.
🚀 2. Ethereum Outshines Bitcoin This Month
Despite today’s pullback, Ethereum has surged over 40% in the past 30 days, significantly outperforming Bitcoin (~10%). Analyst Zack Shapiro (Bitcoin Policy Institute) attributes the rally to passage of the GENIUS Act, renewed stablecoin optimism, and major spot ETF inflows by firms like BlackRock, Fidelity, and Grayscale.
🧠 3. Satoshi-Era Wallet Shift Raises Quantum Risk Questions
80,000 BTC moved yesterday from eight ultra-old “Satoshi era” wallets untouched for ~14 years, each named at exactly 10,000 BTC. The funds were consolidated into SegWit addresses—likely a proactive move to hedge against long-term quantum‑computing risks. This sparked fresh debate about post‑quantum migration strategies in Bitcoin’s ecosystem.
🇮🇩 4. Indonesia Implements Crypto Tax Update
Effective August 1, Indonesia raised crypto transaction taxes: domestic trades are now taxed at 0.21% (from 0.10%), foreign exchange activity is taxed at 1% (up from 0.2%), and crypto-mining VAT rose to 2.2%. No more special income tax on mining; instead, mining earnings will be treated as general income from 2026. ([turn0news56])
💼 5. Crypto ETF Outflows Signal Institutional Cooling
U.S. spot Bitcoin and Ethereum ETFs witnessed their largest monthly outflows in months as institutional investors shifted away from crypto exposure. Top providers including Fidelity and ARK Invest were impacted—raising questions about sentiment ahead of regulatory developments. ([turn0news48])
⏩ Quick Takeaways
Signal What It Means
Macro risk events Drives liquidity into safer assets; Bitcoin, ETH pulled back notably
ETH strength Stablecoin legislation & institutional ETFs are fueling interest
Whale activity Major wallet moves hint at long-term security planning
Tax changes Southeast Asia tightening fiscal control over crypto
ETF outflows Institutions trimming exposure; short‑term pressure may persist