Trump Visits the Fed
US President Donald Trump stated that he had a meeting with Fed Chairman Jerome Powell and that the meeting was constructive. Trump said, “We looked around, they need to get things done. Lower interest rates would be better.” Trump said that he discussed interest rates with Powell during the meeting and that Powell said the country’s economy is in very good shape. Trump said that the meeting was not tense and emphasized that there is no pressure on Powell to step down, adding that he has a few names in mind to replace him.
People’s Bank of China Publishes Draft Notice on Anti-Money Laundering Regulations
The People’s Bank of China has published a draft notice on methods for financial institutions to prevent money laundering and terrorist financing. The draft was submitted for public comment on July 18, and the deadline for feedback is July 30.
Galaxy Digital transferred a large amount of BTC to exchanges
According to the on-chain analysis account @ai_9684xtpa, Galaxy Digital sent 2,850 BTC worth a total of $330 million to major exchanges in the last 10 minutes. The total amount of BTC transferred to exchanges in the last 12 hours reached 17,123.
Galaxy Digital currently holds 14,936 BTC.
US Crypto Regulations Lead to a $4 Billion Increase in Stablecoin Supply
Thanks to new regulations, banks, asset managers, and crypto firms have begun launching stablecoin products. The clarification of the regulations has led to an increase of approximately $4 billion in stablecoin supply.
The Smarter Web Company Purchased an Additional 225 BTC, Bringing Its Total Holdings to 1,825 BTC
The UK-based publicly traded company The Smarter Web Company announced in an official statement that it has purchased an additional 225 BTC, bringing its total BTC holdings to 1,825.
Tether Treasury Mints 2 billion USDT on the Ethereum Network
According to Whale Alert data, Tether Treasury minted a total of 2 billion USDT in two separate transactions on the Ethereum blockchain this morning.
Anchorage Digital Announces Stablecoin Issuance Platform Following the Passage of the GENIUS Act
Anchorage Digital announced that it will launch a stablecoin issuance platform following the passage of the GENIUS Act in the US. The company is among many institutions taking this step.
A Whale Deposited 3.26 Million USDC into HyperLiquid and Opened Leveraged Long Positions
A Whale Deposited 3.26 Million USDC into HyperLiquid and Opened Leveraged Long Positions
According to Onchain Lens tracking data, on July 25, a whale deposited 3.26 million dollars into HyperLiquid. With this funding, 20x leveraged BTC and SOL, as well as 10x leveraged ETH and AAVE long positions were opened.
According to CoinDesk, Cathie Wood’s investment firm Ark Invest sold a total of 30,501 Coinbase (COIN) shares on Thursday, generating $12 million in cash.
Additionally, it sold 11,262 Robinhood (HOOD) shares, 123,169 Block Inc (XYZ) shares, and 28,906 shares of its own Bitcoin ETF, ARKB.
Bitcoin Spot ETFs Record $227 Million in Net Inflows After Three Days of Outflows
According to SoSoValue data, Bitcoin spot ETFs saw a total net inflow of $227 million on July 24. The highest net inflow of the day was $107 million into the Fidelity ETF FBTC. It was followed by the VanEck ETF HODL with $46.36 million.
Ethereum Spot ETFs Continue Their Uptrend with a Net Inflow of $231 Million on the 15th Consecutive Day
According to SoSoValue data, on July 24, a total of 231 million dollars in net inflows were recorded into Ethereum spot ETFs. The highest inflow was 210 million dollars into the Fidelity ETF FETH, while the Grayscale Ethereum Mini Trust ETF ETH also saw an inflow of 25.33 million dollars.
