Today's #Crypto Updates Report

Market Analysis

The crypto market experienced a significant sell-off on August 1, with $BTC Bitcoin and $ETH Ethereum dipping as liquidations reached $629 million. #bitcoin price dropped to $115,766, while Ethereum's price fell to $317,058, with a 6.22% decrease. Other major #cryptocurrencies , such as $XRP XRP and BNB, also saw declines, with XRP dropping 7.59% to $256 and BNB decreasing 5.15% to $67,263 .

Key News

- SEC's Project Crypto : The SEC has launched 'Project Crypto' to modernize U.S. securities regulations, aiming to position America as a leader in the crypto space.

- JPMorgan and Coinbase Integration : JPMorgan and Coinbase are collaborating to integrate crypto access into U.S. consumer banking, allowing Chase customers to link bank accounts to Coinbase wallets and convert credit card rewards into USDC.

- Hong Kong's Stablecoin Legislation : Hong Kong's Stablecoin Ordinance takes effect, allowing #Stablecoins issuers to apply for licenses starting next year under a new regulatory framework.

- Crypto Hacks : Over $140 million was stolen across 17 incidents in July 2025, highlighting vulnerabilities in security protocols.

Market Trends

- Hedera (HBAR) Surges : Hedera surged 7.9% as the crypto market rises, with the CoinDesk 20 Index up 2.9%.

- PLUME Poised for Surge : PLUME crypto may see a 40% price increase as smart #money accumulation grows.

- INJ Eyes Breakout : INJ price is nearing critical support at $12.20, indicating a possible buy opportunity with a potential 105% rally towards $25.

Disclaimer : The information provided in this report is based on current market trends and news, and should not be considered investment advice. Cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Investors should conduct thorough research and consult financial advisors before making investment decisions.