On the Fed’s Rate Cuts At Powell’s congressional testimony last night, I personally think the most important part is this: you could say he was dodging direct answers (like practicing Tai Chi), but he also outlined the Fed’s decision-making path going forward:

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If inflation isn’t as strong as expected or the labor market weakens, a rate cut could come earlier;

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But if inflation and the labor market remain strong, then the cut would come later. It will take time to observe—seems like it all hinges on inflation and labor data from July and August. Previously, it was believed that with final tariffs expected to settle around the 10% level, inflation would have a one-time effect (not lasting too long). The recent Israel ceasefire mainly pulled oil prices down, which weakens the upward pressure on June inflation.

Personally, I previously expected a September cut to be more likely—let’s see if that turns out accurate.

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

CICC International Officially Approved to Provide Cryptocurrency and Other Virtual Asset Trading Services

US Stock Coinbase Surges 10% Intraday, Reaching a Market Value of $86 Billion

“SOL Edition MicroStrategy” DDC Launches WIF Validation Node, Plans to Share Staking Rewards with the Community

New York City Mayor Unveils Cryptocurrency Plan, Proposing Cryptocurrency Payments for Municipal Service Fees

Crypto Fear Index Rises to 66, Market Returns to “Greed” State

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