🌍 Global Financial Panorama – August 2025

Markets enter August with expectations of rate cuts in the U.S., boosting appetite for risk assets.

📊 Traditional Markets

S&P 500 stable but with slight pullbacks after mixed inflation data.

💰 Cryptocurrencies

BTC remains around USD 114 k, consolidating support.

ETH surpasses USD 3,600, with strong interest from companies using it as an inflation hedge and for its staking yields.

🏛️ Regulation

The U.S. advances with the GENIUS Act and the Digital Asset Market Clarity Act, seeking clarity and strategic reserves of BTC.

The EU implements MiCA, establishing common rules for exchanges and issuers.

The UK and Australia lag behind; China tightens control and promotes the digital yuan.

Pakistan creates its own authority and launches a state reserve of BTC.

⚠️ Risks

The BIS warns about stablecoins: without clear regulation, they could destabilize the economy.

🔮 Upcoming Milestones

Key macro data (employment and inflation in the U.S.).

Possible announcement of crypto ETFs and progress in tokenization.

Monetary policy decisions at the Fed that will shape the market direction.

✅ Conclusion: BTC and ETH maintain strength in an environment of greater institutional adoption. Regulation will be the catalyst for the next cycle.