☀️ Golden Morning News | Key Market Highlights – August 1 ☀️
The crypto world woke up to a wave of major developments overnight, setting the tone for what could be an exciting month ahead. Here’s what you need to know:
1️⃣ Mill City Goes All In on SUI – A huge confidence signal for Sui! Mill City purchased 76.3 million SUI tokens after completing a massive $450 million private placement. This isn’t just another buy; it’s a strong vote of belief in Sui’s potential to become a leading Layer-1.
2️⃣ SOL ETF Momentum Builds – Several companies have submitted revised S-1 filings for Solana ETF registrations, a move that could open the door for wider institutional access to $SOL.
3️⃣ Fed Rate Cut Odds Rise – The probability of a September interest rate cut now stands at 38.2%, a potential catalyst for risk assets like Bitcoin and crypto to gain strength.
4️⃣ SEC Chair Signals Framework Shift – In a major policy statement, the US SEC Chairman confirmed work on a framework allowing parallel trading of crypto securities and traditional securities — a big step toward mainstream integration.
5️⃣ Coinbase Adds BTC Despite Earnings Dip – Coinbase quietly added 2,509 BTC in Q2, even as its $1.5 billion revenue came in slightly below expectations — proving they’re still stacking for the future.
6️⃣ Strategy Doubles Down on Bitcoin – Strategy reported record Q2 revenue and filed for a $4.2 billion STRC issuance to purchase more Bitcoin. This relentless BTC accumulation shows where the smart money is headed.
💡 Bottom Line: Big players are moving, institutions are accumulating, and regulatory clarity is inching closer. Crypto’s next big chapter might already be writing itself — are you ready? 🚀
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