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- 21Shares' SEI ETF filing briefly boosted SEI's price to $0.31 but failed to sustain bullish momentum amid altcoin market weakness. - Structural bearishness, macroeconomic headwinds, and SEC regulatory uncertainty limited the ETF's impact on SEI's fundamentals. - Staking pauses and reduced open interest highlighted institutional caution, while competitive ETF filings diluted market exclusivity. - Altcoin markets remain vulnerable to volatility as regulatory clarity and macroeconomic signals determine long
- Bitcoin's August 2025 price swing hit $530M in liquidations, testing critical support levels at $109,700 and $112,000 amid technical-macroeconomic tensions. - Mixed indicators show RSI divergence and whale dumping ($2.7B) exacerbating selloffs, while 90% historical win rate suggests potential rebounds after support breaks. - Fed policy uncertainty and ETF inflows ($219M/week) contrast with short-term outflows, highlighting crypto's growing correlation with broader market sentiment. - Institutional buying
- Eliza Labs sues X Corp (xAI) for alleged antitrust violations, claiming monopolistic tactics to suppress competition in AI agent development. - The case challenges Section 230 protections for platforms, with potential to reshape antitrust enforcement in open-source AI ecosystems. - Global regulatory trends like the EU’s DMA and U.S. antitrust actions force tech giants to open ecosystems, increasing compliance costs for investors. - Investors now prioritize startups with antitrust-protected models, hybrid
Bitcoin's MVRV cools to 39%, signaling a balanced market with no strong bullish or bearish extremes.No Strong Directional SignalA Balanced Risk/Reward Setup
Solana DEXs see major decline as daily traders drop 81% and transactions fall 36% since early 2025.Transaction Volume Also SuffersWhat’s Next for Solana?
Galaxy Digital sends 1,506 BTC worth $163.5M to a newly created wallet, raising speculation across the crypto space.What We Know So FarImplications for the Market
Bitcoin consolidates above a major $93K–$110K support, forming a strong accumulation zone since December 2024.Why This Zone Matters for the Next MoveHistorical Patterns Back the Bullish Case
- 20:15US Treasury Secretary Bessent: Not concerned about the US dollar exchange rate; euro strength is due to European fiscal expansionAccording to Jinse Finance, U.S. Treasury Secretary Bessent stated on Monday that he is not concerned about the dollar's exchange rate position relative to the euro, noting that the euro should remain strong due to Europe's fiscal expansion policies. "Led by Germany, Europe is implementing large-scale fiscal expansion," Bessent said in an interview. "The markets... are functioning well."
- 19:36US Treasury Secretary Supports Trump's Right to Dismiss: If Allegations Are True, Cook Should ResignJinse Finance reported that U.S. Treasury Secretary Bessent on Monday defended President Trump's authority to dismiss Federal Reserve Governor Lisa Cook on charges of mortgage fraud. When asked whether the government's move to dismiss Cook was intended to give Trump the opportunity to appoint a majority of the Board, Bessent countered, "Or does this mean that someone has to fulfill their duties for the Federal Reserve?" Bessent emphasized that the structure of the Federal Reserve Board, composed of regional Fed presidents, means the President cannot "manipulate the composition of the Board." Bessent denied that the market was disrupted by the Trump administration's actions: "The S&P index has hit new highs, bond yields are stable, and we have not seen any negative impact." He stated that if the allegations against Cook are true, she should be dismissed or voluntarily resign, and pointed out that the person involved has not denied the relevant accusations. Bessent urged the Senate to promptly confirm Milan to the interim position vacated by Adriana Kugler's resignation on August 1.
- 19:23Candidates for the two Federal Reserve Board seats may be selected from among the chairman candidatesAccording to Golden Ten Data, ChainCatcher reported that U.S. Treasury Secretary Bessent stated that candidates for the two Federal Reserve Board seats may be selected from among several chairperson candidates.