Interest rate cuts are key to advancing Trump’s fiscal and trade policies. However, under current circumstances, Powell is unlikely to cooperate—especially with a July rate cut now virtually off the table.

As a result, Trump is highly likely to nominate a new Federal Reserve Chair this month. Among the potential candidates, Biesent—though pro-Trump—lacks a seat on the Fed’s Board of Governors, making it difficult to influence internal policy direction. By contrast, if a sitting governor such as Bowman or Waller were appointed, it could create internal momentum within the Fed to gradually pivot toward a more dovish stance.

Such a personnel shift would not only intensify internal dynamics at the Fed but also raise market expectations for future rate cuts. Without timely signals of monetary easing, fiscal pressure will continue to drain market liquidity through persistently high interest rates.

Therefore, Trump is likely to use this appointment to counterbalance monetary policy, providing support for both his tariff strategy and the “Make America Beautiful Act.”

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.

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New Narratives vs. Liquidity Injection: A Debate

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@0xcryptowizard

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There’s no need to be disappointed in crypto—try looking at things from a more complete perspective. Over the past three years, despite tight macro conditions and a lack of innovation, on-chain inscriptions and memes have still brought plenty of opportunities.We can’t even predict tomorrow, so stop worrying about the future of crypto. Liquidity and innovation usually come together when that moment comes, shut up and ape in.

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🔗https://x.com/0xcryptowizard/status/1942721154093076900

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@qinbafrank

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Without innovation, there are no expectations; without expectations, it’s hard to form consensus and naturally, the market lacks imagination. Liquidity is a catalyst, but it cannot replace innovation. If so-called “innovation” only comes with liquidity, it’s likely just storytelling and won’t last. What truly drives long-term market growth is ongoing innovation and real-world value. In past cycles—like the internet and AI booms—it wasn’t liquidity that led the way, but constant technical breakthroughs and real adoption. Only then will capital keep flowing in and create a positive feedback loop.

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🔗https://x.com/qinbafrank/status/1942760175795888479

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Why Have Many Major Players “Retired” Their Main Wallets? There are likely two main reasons behind this trend:

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Excessive copy-trading pressure – Once a main wallet makes a purchase, various copy-trading bots immediately push the price up. As a result, the price often hits the expected target almost instantly, leaving no room for further operations. If they sell, they’re criticized by the public; if they hold, they face heavy sell pressure.

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Avoiding conspiracy theories – Public wallets often attract baseless accusations such as “insider trading,” “coordinated dumping,” or “using alt wallets to exit positions.” These rumors create emotional stress and reputational risks for the wallet owner.

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https://x.com/0xSunNFT/status/1942821038401937806

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Bonk.Fun gaining momentum — These 3 meme tokens are leading the market this week

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USELESS

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HOSICO

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LetsBONK

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🔗https://www.theblockbeats.info/news/58857

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The Pump Fades, Bonk Takes the Throne | A Wild 48 Hours of Letsbonk

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🔗https://x.com/kaikaibtc/status/1942157561081495565

📰Daily Market Insights

SOON Team Responds to Unusual Price Volatility: No Token Sale, Will Continue Product Development

Phantom Introduces Perpetual Contract Trading Feature in Wallet Supported by Hyperliquid

CME Group’s Solana Futures Trading Volume Surpasses $4 Billion

REX-Osprey SOL Spot ETF Sees Net Inflow of $21 Million Yesterday, Accumulating Net Inflow of $41.2 Million Since Listing

Musk Mentions “Peanut” in Tweet, Suggests Government Is in Deep Trouble

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