Stephen Huynh

I have achieved the Binance Academy Certification, an important and exciting milestone on my journey into Blockchain and Crypto.
Thank you Binance for providing quality courses. Ready for the next projects on $BNB Chain!!
What about you? Let's share together!

#BinanceAcademy

All eyes are on the speech of the FED Chairman at the Jackson Hole conference next week

The annual conference gathering global central bank leaders will take place over three days (21–23/8) in Wyoming, where policymakers can provide important signals about the next steps of the FED.

The focal point will be Chairman Powell's speech at 10 PM on 22/8 (VN time) regarding the outlook for the US economy and the upcoming monetary policy direction.

The question is whether the FED will aggressively cut interest rates and start as early as September or continue to wait and observe further amid signs of a weakening labor market, but the July PPI data unexpectedly surged beyond forecasts, indicating that inflation remains complex.

Traders are currently leaning towards the possibility that the FED will cut interest rates (92%), but only by 0.25%, while approximately 8% still bet that the FED will keep interest rates unchanged in the upcoming meeting on 17/9.

Crypto Market Cap Drops Below $4.1 Trillion

Over the past 24 hours, the market cap has fallen nearly 2% to $4.033 trillion.

$BTC briefly fell below $117K, $ETH found $4k4, the market was generally on fire after President Trump announced that he would impose new tariffs on chips and semiconductors in the next 1-2 weeks. The tariffs could be as high as 200% or even 300%.

We still have the summit between President Putin and President Trump ahead, which is expected to last at least 6-7 hours.

#MarketTurbulence

CPI inflation in July was equal to last month at 2.7% and lower than the expectation of 2.8%.

Core CPI inflation (excluding food and energy) rose to 3.1% - the highest level since February 2025.

The reason is that the energy component decreased significantly this month while food remained stable, pulling overall inflation down.

Tariffs seem to only appear in a few categories such as furniture and household items, which increased by 0.7% after a 1% rise in June. Clothing prices also only rose by 0.1%, and canned fruits and vegetables, which are typically imported and sensitive to tariffs, remained unchanged compared to last month.

👉The impact of tariffs does not seem as significant as initially feared.

U.S. stocks opened sharply higher. Traders have increased their bets that the Fed will cut interest rates at the September meeting from 82.5% to 94.2%.

Strategy continues to spend $18M to acquire an additional 155 BTC at an average price of $116,401 / $BTC

This transaction coincides with the 5th anniversary of Strategy's implementation of the BTC reserve, which started on 11/8/2020 with the first transaction worth $250M to purchase 21,454 BTC (average price $11,651/BTC).

To date, the company has owned 628,946 BTC ~$75.5B after going through 74 transactions.

President Trump is about to sign an executive order to include crypto in retirement funds

According to news agencies, Trump will sign an executive order allowing crypto, private investment funds, and real estate to be included in 401(k) retirement plans, opening up a $12.5 trillion market.

Although the detailed content has not been published, the order will require the Department of Labor to cooperate with the Department of Treasury and the SEC to ease legal regulations, helping fund managers confidently include crypto and alternative assets in their investment portfolios.

This is Trump's boldest move to integrate private assets into 401(k), following up on efforts from his previous term (which were canceled by Biden).
#BitcoinTreasuryWatch

🇻🇳 Vietnamese people with an income below 500 USD suffer the most losses in crypto

According to a report from IVY, a survey of more than 4,300 crypto investors in Vietnam found that:

- Income group below 500 USD/month: The highest loss rate at 47.3% - 20.7% break-even - 32% profitable. => This group often follows coin trends, meme coins, AI, and is easily influenced by KOLs and media.

- Income group 500 - 2,000 USD/month: 42.4% profitable - 32.2% losses - 25.4% break-even. This group relies on community news, fundamental analysis, and is less influenced by KOLs.

- High income group above 2,000 USD/month: Profits and losses are balanced (~41.8%) and 16.4% break-even - meaning they do not incur a capital loss. They prioritize information from online/offline communities and do not like to follow meme coins.

CEO Nguyễn Duy Tín shared: Most Vietnamese crypto investors are young, dynamic, and sensitive to blockchain (DeFi, NFT, GameFi), but they need to keep a cool head to avoid being hasty and greedy in wanting to win big quickly. Crypto is a market NOT for those lacking knowledge, but should be seen as a place where technology shapes the future of finance.

AE confirm if this survey looks accurate??
#CreatorPad

SEC Chairman Paul Atkins officially announces "Project Crypto"

This is an initiative aimed at modernizing the securities legal framework, bringing the U.S. financial markets into the on-chain era. Part of a strategy to realize President Trump's vision: to make the U.S. the global Crypto hub.

5 pillars of Project Crypto:
1. Classification of digital assets (securities, commodities, stablecoins…) with specific guidelines.
2. Attracting businesses back to the U.S., supporting the legal issuance of tokens in the U.S.
3. Protecting self-custody rights, updating regulations for financial institutions holding digital assets.
4. Allowing all-in-one platforms (integrating securities, crypto, staking, lending…) to operate with a single license.
5. Protecting developers, supporting DeFi activities like AMM to operate legally.
#ProjectCrypto

In June, the Personal Consumption Expenditures (PCE) index increased by +2.6% compared to the same period last year - higher than the forecast (2.5%) and last month (2.3%).

The core PCE index (excluding the volatile prices of food and energy) recorded an increase of +2.8% compared to the same period last year - higher than expectations (2.7%) but unchanged from last month.

Additionally, the PCE inflation for May was revised up from +2.3% to +2.4%. The core PCE inflation for May was also revised up from +2.7% to +2.8%.

👉The FED's preferred inflation measure is returning to an upward trend (increasing for 2 consecutive months and the highest since February 2025).

This data may make the FED's path to interest rate cuts more bumpy as Powell emphasizes the need for more evidence of a sustainable decline in inflation towards the 2% target.

SUMMARY OF FED CHAIR POWELL'S SPEECH

1. The current policy "puts us in a good position."

2. The slowdown in growth reflects a decline in consumer spending.

3. Activity in the real estate sector in the U.S. remains weak.

4. Inflation in the U.S. remains "relatively high."

5. Tariff levels are "raising prices" on some items.

6. "Changes in government policy continue to evolve."

7. Continues to clarify that the FED is not rushing to cut interest rates but will "wait and see" as tariffs remain in effect.

8. Commenting on the possibility of a 0.25% rate cut in September, Mr. Powell stated:
"We have not made any decisions regarding September."

9. The impact of tariffs on inflation will be slower than expected. What we are currently seeing is just the beginning of tariff-induced inflation.

Traders have reduced bets that the FED will cut rates more than once this year.

🔥 Over $720M washed away in the past 24 hours

85% of the liquidated amount belongs to long positions, and $BTC is the lead liquidation this time

Just this morning's drop has swept away more than $230M (~35%)

Even though $3B was minted yesterday, the market has taken back the money from the community today 🫣

🔥Strategy will raise the fundraising level to buy more Bitcoin

According to the latest information, Strategy is planning to expand its fundraising from 500 million USD to up to 2 billion USD, all to acquire more BTC

Mr. Saylor has everything except money 😁

Crypto scams break records after market capitalization peaks

In the first half of 2025, the total damage from Crypto scams reached 2.1 billion USD – the highest ever, surpassing the record of 2 billion USD during the same period in 2022 and more than the total for 2024 combined. Among them:

- Over 80% came from infrastructure attacks: stealing private keys, seed phrases, or user interface attacks.
- 12% due to smart contract vulnerabilities: such as uncollateralized loan vulnerabilities, withdrawal bugs allowing multiple withdrawals before balance updates, ... - inherent weaknesses of DeFi projects if not properly maintained.
- The remainder involves hacks of communication channels, impersonating official project accounts to trick users into sending tokens to participate in fake events.

Notably, crypto scams have not only been for personal gain but have also served national objectives: North Korean hackers use Crypto to steal funds to evade sanctions, finance nuclear weapons; or Israel attacking Iran's exchanges as a form of international punishment.
#CryptoScamSurge

The EU is on guard, ready to retaliate strongly against US tax measures

The EU is expected to hold an internal meeting this week to develop a response plan in case trade negotiations with President Trump fail.

The deadline of August 1 is approaching, and the US threatens to impose a 30% tax on most goods from the EU - affecting nearly 70% of the total export turnover of the bloc to the US.

The EU has prepared a response measure worth 93 billion euros, including taxes aimed at goods from politically sensitive US states and restrictions on US companies in Europe.

Member countries are even calling for the activation of the Anti-Coercion Instrument (ACI) if negotiations break down, allowing the EU to retaliate with new taxes on major US technology corporations and restrict US access to the EU market.

🚨 Trump Organization announces holding 2 billion USD in Bitcoin

The company has just announced that it holds approximately 2 billion USD in Bitcoin and related securities - accounting for 2/3 of the company's total liquid assets, which is currently at 3 billion USD.

In addition, the company has allocated 300 million USD for options strategies related to Bitcoin, with plans to gradually convert to spot BTC.

This is part of the previously announced Bitcoin reserve strategy.

🔥Strategy continues to accumulate BTC

This time, Strategy bought an additional 6,220 BTC at an average price of ~$118,940, totaling ~$739.8 million

As of July 20, 2025, Strategy is holding a total of $BTC worth approximately $43.61 billion at an average price of ~$71,756/BTC
#StrategyBTCPurchase

The United Kingdom Plans to Sell $7B of Seized BTC to Offset Budget

The UK Home Office is working with police to establish an official storage system for Crypto to liquidate 61,000 BTC ($7B) seized since 2018.

The UK is facing a deficit of ~$26B after Prime Minister Keir Starmer adjusted welfare policies and winter fuel subsidies.

The idea of selling Bitcoin has been proposed since the beginning of the year and so far, with the value of the BTC having increased 20 times since its seizure - this is considered a significant opportunity to support the national budget.

However, the UK government has not yet finalized the decision due to various conflicting opinions. Reform Party leader Nigel Farage has called for the establishment of a national Bitcoin reserve similar to the US, while the Labour Party opposes this idea, arguing that Bitcoin is too volatile to be a reserve asset.

Remember that the German government also experimented with this, but later sold 50K Bitcoin last year, raising $3B. As a result, BTC has now doubled in value!! 🙈
#BTCvsETH

The open order cash flow of $ETH Future has reached a record!

The ETH Future market has just recorded a new record with Open Interest reaching 53 billion USD, equivalent to over 14 million ETH being held in Long - short positions.

The continuous increase since the beginning of June shows that large cash flows are pouring into the future market, reflecting the growing interest from both retail investors and whales.

🇺🇸 The GENIUS ACT officially takes effect

Early this morning, Mr. Trump signed the Genius Act into law

The Genius Act establishes a legal framework for the $250B stablecoin market

During the ceremony, Mr. Trump stated:
- The Genius Act will ensure that the U.S. dominates the global crypto market
- This legislation is a major affirmation for crypto
- Crypto is good for the dollar and for America
- Commitment not to create a U.S. CBDC
- A turning point for blockchain development

The Secretary of the Treasury - Mr. Bessent added:
Blockchain promotes the payment system, the dollar will be brought onto the chain

With the Genius Act, the U.S. is making a big bet on crypto as part of its national financial strategy in the coming decade🫡