Latest News Highlights
1. U.S. Regulation Gets a New Direction
The U.S. government, through the Working Group on Digital Asset Markets on July 31, introduced a "fit-for-purpose market structure framework" to clarify the roles of the SEC and CFTC in regulating digital assets.
The SEC launched Project Crypto, promising a more supportive approach to ICOs, airdrops, tokenized securities, and DeFi with lighter regulations while still protecting investors.
This regulatory move implies a significant shift from a strict law enforcement approach under previous leadership towards a more progressive adoption of crypto innovation.
2. Crypto Market Stable with Positive Momentum
Bitcoin is trading steadily in the range of $118,000–$120,000, supported by large ETF inflows and positive regulatory sentiment.
Nevertheless, analysis from 10x Research warns that August is typically a weak month for Bitcoin with potential declines to $112,000 or even to $106,000–$110,000 if momentum weakens.
3. Crypto Market Capitalization Exceeds $4 Trillion
The total global crypto market capitalization has now surpassed $4 trillion, boosted by the approval of the GENIUS Act, the first stablecoin regulation in the U.S. that provides transparency and expectations of significant growth ahead.
The value of Ether surged nearly 20% in July, with ETH trading in the range of about $3,500–$3,800, while several altcoins also recorded significant gains.
4. Institutional Involvement Deepens
JPMorgan is considering providing secured loans based on clients' crypto holdings (Bitcoin, Ethereum), marking a more mainstream approach by major financial institutions.
Syz Capital is planning to raise more than $200 million through the BTC Alpha fund, which is reopening in October — indicating high interest from wealthy family investors, multi-family offices, and other institutional entities.
Galaxy Digital successfully absorbed $9 billion in Bitcoin sales without significant market disruption, affirming increased market liquidity and maturity.
5. The Beginning of Global Regulation: Pakistan
The Pakistani government has established the Pakistan Crypto Council (launched in March 2025), backed by regulators and accompanied by advisors such as Changpeng Zhao. They initiated Bitcoin reserve research, electricity allocation for 2,000 MW mining, and established the Pakistan Virtual Assets Regulatory Authority in July 2025.
Pakistan is now working to integrate crypto into the banking sector, foreign exchange, and gold trading as part of modernizing their financial system.#WhiteHouseDigitalAssetReport 