According to the latest trading data from Goldman Sachs, after heavy selling and shorting in April, hedge funds have now entered a full-blown panic buying mode. Last week marked their fifth consecutive week of net buying U.S. equities, with long positions outpacing shorts by approximately 3 to 1. While hedge funds are “chasing the rally” in U.S. stocks, retail investor enthusiasm in Asia is cooling. Korean and Japanese retail investors have turned to short-selling, while buying activity in Singapore has dropped sharply.

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Official data released on Tuesday showed that South Korean retail investors became net sellers of U.S. stocks in May for the first time, while Japanese accounts turned net sellers of U.S.-listed ETFs. In Singapore, the number of traders buying U.S. equities in May fell by one-fourth compared to the previous month.

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The tokenization of US stocks is heating up again. Which on-chain platforms support trading US stocks?

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Recently, the lines between “crypto” and “U.S. stocks” have increasingly blurred. On one hand, U.S.-listed firms like SharpLink and GameStop have seen stock surges after embracing crypto assets. On the other, crypto companies are going public—most notably Circle, which closed its first trading week at $107.7, up 247% from its IPO price of $31. BitMEX co-founder Arthur Hayes even suggested Circle’s debut could spark a wave of crypto IPOs. As excitement builds, on-chain trading of U.S. stocks is quickly becoming a hot trend.

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Learn more 👉https://en.theblockbeats.news/news/58527

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

1.Ethereum ecosystem tokens see broad gains, with UNI surging 23.4% in 24 hours

2.Silhouette, a privacy execution layer based on Hyperliquid, completes $3M Pre-Seed funding round led by RockawayX

3.Ethereum Foundation releases the 1TS “Security Challenges Overview” report

4.SlowMist’s Cosmos: Stolen assets from Alby wallet have been recovered

5.HYPE surpasses $42, hitting a new all-time high

Daily report

2025-07-30 Report

📅 July 30, 2025｜Crypto Research Brief

⛱️ Before We Begin

Cryptocurrencies involve uncertainty and risk. You may lose your entire principal.

This report is for sharing purposes only and does not constitute investment advice. Please make investment decisions rationally.

一、Indicators

📊The Market

Currencies: 17,822

Exchanges: 1,331

Total Market Cap: US$390 B 4.6%📉

24-Hour Trading Volume: US$146 B

BTC 59.6% ETH 11.7%

Gas: 1.4 GWEI

Altcoin Season Index: 41

Fear & Greed Index:73

（Data sourced from CoinGecko）

🧭Stablecoin Metrics

Market Cap of USD-Pegged Stablecoins: $262 B

🔥Liquidation Map

二、SEC&ETF&Policy & Macro Analysis

BTC ETF

ETH ETF

🏙️Macroeconomic Overview

Bitcoin Recent Market Analysis Summary:

Reasons for Price Volatility:

Mainly influenced by investors’ risk-off sentiment.

Recently also affected by fluctuations in China-US trade relations, particularly strong statements from US officials Bassett and Trump regarding China’s tariff policies. Bassett emphasized that increasing pressure on China is crucial, while Trump expressed dissatisfaction with China’s continued purchase of Russian oil.

Macroeconomic Factors:

The ADP employment data will be released on Wednesday. If the data is strong, it indicates a healthy US labor market and strong economic resilience, which reduces the likelihood of a Fed rate cut in September.

A rate cut in July is now almost off the table. The market’s focus has shifted to whether Powell will turn dovish in September, with the ADP data potentially influencing his stance.

On-Chain and Market Sentiment Observations:

Turnover rate has slightly increased during the workweek, but mainly among investors with positions costing over $100,000, reflecting concerns over renewed China-US trade tensions and the Fed’s hawkish stance.

The FOMO (fear of missing out) sentiment has clearly diminished, buying momentum has decreased, but selling pressure is also easing, putting the market in a balanced state of reduced buying and selling.

Technical and Risk Points:

Overall support levels remain stable.

However, the unfilled $112,000 URPD gap still poses a potential risk.

Overall Viewpoint: The market currently faces many uncertainties with frequent data releases and policy announcements, so cautious trading is advised. I personally lean toward expecting Powell to deliver a dovish signal in September to ease pressure, but ongoing attention to upcoming data and speeches is essential.

Learn More

三、Market Highlights

⚠️ Reminder: Meme tokens are very volatile and not backed by fundamentals. Prices are driven by sentiment and may drop to zero. Please stay rational and assess your own risk before investing.

📰Daily Market Insights

Linea Announces Tokenomics: Total Supply of approximately 72 billion tokens, with 9% Allocated for Early User Airdrop

2.Ethereum celebrates its tenth anniversary today, having grown from $0.3 to become the world’s 28th largest asset.

3.Ethereum 10th Anniversary Torch Commemorative NFT Free Minting is Now Open

4.The SEC Approves Bitcoin and Ethereum ETF Physical Redemption Mechanism