📉 Bitcoin fell below $115,000 after Donald Trump imposed trade tariffs on 66 countries. Daily liquidations reached $630 million.
Despite the correction on the first day of August, Bitcoin was able to close July with an 8% gain, while Ethereum showed a 48% gain. #btc# #eth# #xrp# #sol# #ltc#

⏺The SEC has approved in-kind redemption for spot Bitcoin and Ethereum ETFs. According to Bloomberg analyst James Seyffarth, upcoming approvals of altcoin ETFs will likely include this option by default.
⏺The SEC has also begun reviewing an application by BlackRock's iShares Ethereum Trust to add a staking option.
⏺For now, the regulator has postponed a decision on Grayscale's Litecoin and Solana ETFs and even Donald Trump's Truth Social Bitcoin ETF. #btc# #eth# #xrp# #sol# #ltc#

Bitwise analysts have shown how widely banks and corporations interact with cryptocurrencies today, including the availability of cryptocurrency investment funds among the leading capital management platforms in the US. #btc# #eth# #xrp# #sol# #ltc#

​Weekly Digest: The Market Enters the Altcoin Phase, Trump Legalizes Stablecoins
The shift in the market paradigm in favor of altcoins is becoming obvious: Ethereum ETFs have reached $8.3 billion in assets under management, corporations have invested $10 billion in ETH in two months, and the ETH/BTC chart has shown a 42% increase in July. In parallel, the Trump administration continues to form a crypto-friendly ecosystem, from the GENIUS Act to Trump Media's $2 billion corporate investment in Bitcoin.
The GENIUS Act signed by Trump has become a milestone for the entire crypto industry. Circle

The number of corporate holders continues to grow
This trend began in 2023 and as a result, at the moment there are already 35 companies that hold more than 1000 BTC on their balance. The number of small investors is even more.
The situation on the market is developing well, companies continue to buy coins, inflows are recorded in ETFs, the market is gradually growing.
For example, on July 25, American spot ETFs based on Ethereum attracted $453 million, thus recording the 16th trading session in a row with a positive result.
I think that next week will be able to please us with new achievement

The market turned red today
The market is experiencing a correctional trend, Bitcoin has begun to gradually decline to the lower boundary of the sideways trend and pulled the altcoin along with it, which ultimately showed a drawdown of around 10% - 15%.
This trend was expected, since many altcoins gave more than 100% growth, which led to a natural correction against the background of profit-taking from investors.
The dominance of the main asset has grown to 63%, so we are seeing a strong correlation between the altcoin and Bitcoin.
However, there is no need to panic, this is only a local drawd

​BitGo Preparing for US IPO with Capitalization of Over $100 Billion
Cryptocurrency storage company BitGo has filed documents to list its shares on the US stock exchange, continuing the trend of crypto industry companies entering traditional financial markets.
On July 21, BitGo announced that it had filed a draft registration statement on Form S-1 with the Securities and Exchange Commission (SEC) for a proposed initial public offering of Class A shares. At the time of filing, the company had not yet decided on the number of shares and the price range.
BitGo is one of the largest custodians in

​New Hampshire, Arizona and Texas have legalized bitcoin reserves: who's next?
Three US states have passed laws on the creation of bitcoin reserves, and another 17 are considering similar initiatives. New Hampshire, Arizona and Texas have already allowed their treasuries to store bitcoin, while five other states have rejected similar proposals.
According to Bitcoin Reserve Monitor, legislation is still being considered in Alabama, Florida, Georgia, Idaho, Illinois, Kansas, Kentucky, Maine, Maryland, Michigan, Missouri, New Mexico, North Carolina, Ohio, Oklahoma, Rhode Island and West Virgin

Tether intends to obtain the status of a foreign issuer of stablecoins in the United States
The Tether company seeks to obtain the status of a foreign issuer of stablecoins in the United States in accordance with the requirements of the GENIUS Act.
On July 18, US President Donald Trump signed a bill regulating "stable coins".
For Tether, compliance with this law implies the introduction of a new audit regime and changes in the USDT reserve structure. According to Ardoino, the company's net profit of $13 billion last year makes it possible to make the necessary adjustments.
Arduino estima

After bitcoin reached its maximum, the volume of transfers of the asset to exchanges by large wallets increased sharply. The indicator is comparable to the peak in early November 2024. This probably indicates a growing tendency to lock in profits or switch investors to other assets, noted Glassnode.

According to CryptoQuant, miners again became active sellers of the first cryptocurrency, liquidating almost all daily production.

The company's experts added that the daily inflow of ETH to the exchange has reached record values since the end of February. This tendency is not observed in

Base accelerated the main network by 10 times
Base's L2 network has activated the Flashblocks update. It reduced the block creation time from two seconds to 200 milliseconds.
The technology was created in partnership with Flashbots. It was tested in the Sepolia network from February.
Thanks to the acceleration, Base will be able to compete with other L2 networks like Arbitrum, where the block time is about two seconds.
The developers believe that this will open up opportunities for high-frequency trading, on-chain games and fast social interactions in the new Base App.
According to The

Companies continue to actively buy ETH
Mining company BitMine Immersion Technologies has become the largest public holder of Ethereum, overtaking SharpLink. It holds 300,657 ETH worth over $1 billion.
The company raised $250 million during a private placement of shares, but spent three times that amount on purchasing cryptocurrency. The accumulation of Ethereum began in late June.
BitMine said that the ultimate goal is to acquire and stake 5% of the total supply of the second-largest cryptocurrency by market capitalization.
Earlier, SharpLink reported owning 280,706 ETH worth about $962 millio

Grayscale Confidentially Files for IPO
Grayscale Investments, known for its cryptocurrency investment products, has filed an initial public offering (S-1) with the SEC.
Grayscale Investments did not disclose details about its filing, including timing and structure. The company said its next steps will depend on the outcome of the SEC review and market conditions.
Filing confidential S-1s has become a common practice among companies that want to negotiate with the SEC without attracting public scrutiny.
With its IPO filing, Grayscale joins a wave of cryptocurrency companies hitting the public m

BTC whale sells assets.
The same wallet that recently woke up with 80,000 BTC in its accounts started selling assets and today sent 16,843 BTC to the Galaxy Digital OTC platform. BTC immediately began to fall sharply against this background, although there are approximately zero reasons for panic. Such volumes are bought out on OTC in a month and they will easily cope with this offer.
This sale does not affect the price in any way, but panic was still caused. The same Strategy bought 4,225 bitcoins for 472.5 million dollars. In total, the company accumulated 601,550 BTC, in which 42.87 billion

When will BTC profit taking start?
Whales or long-term holders usually start taking positions when their profitability exceeds 300%. Currently, their average profit is at 215% - 230%, so we have room for growth right up to the $150,000 - $130,000 mark.
CryptoQuant believes that we are now in the range between orderly profit taking and a potential dump from LTH (Long Term Holders).
We have also not seen any growth in alta yet, if we do not take into account the fall of last year. The potential for market growth in September - December 2025 is extremely large. #btc# #eth# #, XRP# #sol# #ltc#

On July 11, daily inflows into spot Bitcoin ETFs exceeded $1 billion. The total inflow reached a new high of $52.36 billion.
Ethereum-based products attracted more than $200 million in a day. The total figure was $5.3 billion. #btc# #etc# #xrp# #sol# #ltc#