Today’s Outlook
1、Immutable (IMX) will unlock 24.52 million tokens (1.3% of circulating supply) on August 8th.
Macro & Hot Topics
1、Trump Signs Executive Order Allowing 401(k) Investments in Digital Assets: President Trump has signed an executive order permitting 401(k) retirement accounts to invest in private equity, real estate, and digital assets as alternative investments. The White House announced that this order directs the SEC to amend regulatory rules, enabling participant-directed defined contribution plans to access alternative assets for enhanced returns and risk diversification. Previously, these retirement plans were mainly restricted to relatively safe stocks and bonds. Analysts believe this move could inject massive capital into private equity and alternative sectors, unlocking access to $12.5 trillion in U.S. retirement accounts and furthering Trump’s pro-crypto agenda.
2、WLFI Launches USD1 Stablecoin Rewards Program: WLFI is rolling out a USD1 stablecoin rewards campaign, collaborating initially with select crypto exchanges. Users can earn points through trading USD1 pairs, holding USD1 balances, and staking activities — all designed to incentivize stablecoin usage within the crypto ecosystem. Detailed point rules will be announced by participating partners soon.
3、Cboe Files to Add Staking to VanEck Ethereum ETF: According to official filings, Cboe BZX has applied to the SEC to add ETH staking functionality to the already approved VanEck Ethereum ETF. The proposal allows the fund sponsor to stake all or part of the fund’s ETH holdings via trusted providers, with staking rewards allocated as fund income.
4、US SEC and Ripple End Legal Battle — Both Drop Appeals, XRP Ruling Stands: The SEC and Ripple Labs have jointly moved to withdraw appeals in the Second Circuit Court, with each side bearing its own costs. Ripple’s CEO, Brad Garlinghouse, previously signaled intent to move past the dispute and focus on building the “Internet of Value.” With both parties withdrawing appeals, Judge Analisa Torres’ 2023 split decision remains final, which found Ripple’s institutional sales of XRP constituted unregistered securities offerings.
Market Trends
1、BTC ETH Surge Short-Term; Market Rallies with $401M in Liquidations (Mostly Shorts) in Last 24H.
2、US Treasury Auctions Weigh on Stocks, Nasdaq Barely Higher; Apple Gains Again; Oil Drops for Sixth Session, Gold Climbs.
3、Bitget BTC/USDT Liquidation Map:At a current price of 116,789 USDT, if BTC drops 2,000 points to around 114,789, cumulative long liquidations exceed $750M. If it rises by 2,000 points to 118,789, cumulative short liquidations total over $478M. Long liquidation risk is higher—leverage should be managed prudently to avoid forced liquidations during volatile moves.
4、BTC Spot Flows in Last 24H: $1.93B in, $1.80B out; net inflow $130M.
5、Top Contract Outflows Last 24H: $SOL, $LTC, $BNB, $ENA, $TST—potential trading opportunities.
Institutional Insights
Glassnode: Bitcoin short-term holders’ profit-taking ratio falls to 45%, suggesting a balanced market.
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Greeks.Live: Ethereum’s market share keeps rising — watch the $4,000 resistance.
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News Updates
1、Trump signs executive order: 401(k) accounts can invest in alternative assets, including crypto.
2、Bank of Japan: May resume rate hikes by year’s end if US tariffs have limited impact.
3、CME "FedWatch" today: 92.7% chance Fed will cut rates in September.
4、US weekly jobless claims (to Aug. 2): 226,000 vs 221,000 expected.
5、US Treasury Secretary Bessonette: Fed chair interviews have started.
6、Bank of England cuts policy rate from 4.25% to 4.00%.
Project Progress
1、Pump.fun forms Glass Full Foundation to inject liquidity for ecosystem tokens.
2、Chainlink to build strategic LINK reserves using protocol revenue.
3、SharpLink raises $200M, expanding ETH reserves to $2B.
4、Pump.fun outpaces all other meme token platforms in 24H revenue.
5、WLFI launches USD1 stablecoin rewards program.
6、Cboe submits filing to add staking function as income to VanEck Ethereum ETF.
7、Aave TVL hits all-time high at $60B.
8、Bitget Wallet launches Mastercard crypto card in Brazil—expanding to 7 more LATAM countries.
9、Magic Eden distributes Season 2 airdrop rewards.
10、Ethereum daily transaction count hits 1.87M, close to ATH.
X Hot Topics
1、Millionaire Eric: ETH has triggered short-term overbought signals; tighten position management ETH has hit clear overbought conditions on the 4H chart. High-entry or high-cost holders should consider partial profit-taking and raise stop-losses to lock in profits and avoid giving them back. While the uptrend remains strong, structural resistance is not yet broken, so stay focused on risk management over predictions.
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2、AB Kuai.Dong: US Pension Funds Quietly Accumulating BTC and ETH — TradFi Keeps Entering Despite doubts, multiple US pension funds are quietly allocating to BTC/ETH. Michigan’s state fund disclosed to the SEC: 300,000 shares of ARK Bitcoin ETF ($11.3M) and 460,000 shares of Grayscale Ethereum Trust ($9.6M), with Q2 BTC ETF holdings nearly tripling from Q1. This proves Western pension systems are advancing crypto adoption beyond old paradigms.
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3、BITWU.ETH: Tom Lee — ETH in 2024 is Repeating BTC’s 2017, Price Could Hit $20,000 Fundstrat’s Tom Lee says ETH is at a turning point, just like BTC in 2017. If BTC’s historic 250x is any guide, ETH has huge upside. Lee emphasizes ETH’s dominance as Wall Street’s preferred blockchain: stable, never-offline, and compliance-friendly, aligning with US policy. He expects ETH/BTC to revisit the 0.14 high ($16K ETH), and possibly go to $20K if BTC keeps rising. The recent pullback to $3,300 was prime for institutional accumulation—retail fears only risk missing long-term gains.
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4、Crypto_Painter: BTC Poised for Mid-Band Breakout, Targeting 120k Short-Term The ASR-VC 4H indicator shows BTC climbing above the 115.8k resistance, heading for the channel’s midline; odds favor a breakout given the spot premium is high. If the midline holds as support, the previous correction is likely over and price could enter a large range, with the upper bound at $119-120k as the next short-term target. If the midline fails, expect renewed volatility—stay tuned for intraday updates. Trend momentum has clearly turned constructive.
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