Monetary Policy

The U.S. Treasury carried out one of the largest coordinated interventions in decades on July 31, with the U.S. estimated to have deployed $50k to $10 billion; as of August 4, USD/JPY remained near 157.7. QCP Capital analyzed that the intervention mainly affected the cryptocurrency market through the unwinding of yen carry trades: the yen’s rapid appreciation forced the deleveraging of risk-asset positions financed in yen, potentially triggering cascading selling pressure. Background of the Japa

Bitcoin and Ether exchange-traded funds recorded opposing flows through July 31, with Bitcoin ETFs losing $61.53 million while Ether ETFs gained $27.42 million. The divergence followed a Federal Reserve policy meeting that held the federal funds rate at 3.50% to 3.75% in a 9-3 vote, splitting

Bitcoin gained approximately 4% on July 2, moving close to $62,000 and extending to $64,000 over the weekend, following the release of June's U.S. nonfarm payrolls report that showed only 57,000 jobs added versus forecasts of roughly 115,000. The weak labor-market data strengthened expectations that

According to Bloomberg forecasts, the U.S. nonfarm payrolls report for July, due on August 7, will be closely watched by Bitcoin traders following June's weak labor data. The U.S. economy added only 57,000 jobs in June, well below expectations of roughly 115,000, triggering a 4% Bitcoin rally that p

Bitmine Immersion Technologies (BMNR) chairman and Fundstrat founder Tom Lee told CNBC that 2027 will be one of the best years for the U.S. stock market, following the resolution of two major uncertainties: the SpaceX (SPCX) unlock and the transition to a new Federal Reserve chairman. Lee stated tha

According to SoSoValue, Ethereum spot ETFs recorded $365.17 million in inflows during July, their strongest month in 9 months. However, weekly inflows collapsed 74%, dropping from $103.9 million to $27.42 million in the week ending July 31. The pullback coincided with the Federal Reserve's July 29

On Aug. 3 Beijing time, international oil prices opened sharply lower. Brent crude’s maximum drop reached 7.3%, falling to $81.55 per barrel; WTI crude fell below $80 per barrel, at one point dipping to $78.78 per barrel, down 6.83%. As of press time, the decline in international oil prices narrowed. According to Gate market data, Brent crude was trading at $83.70 per barrel, while WTI crude was at $79.85 per barrel. The dramatic swings in oil prices were driven by an abrupt turn in the geopolit

According to BeInCrypto, Bitcoin surged 4% to near $62,000 on July 2 after the US economy added just 57,000 nonfarm payrolls in June, well below the roughly 115,000 economists had forecasted. The weaker-than-expected jobs data triggered rate-cut bets, lifting BTC toward $64,000 over the following we

FED Chair Kevin Warsh is reportedly considering cutting the number of FOMC meetings held each year (the current pace has been maintained at 8 meetings per year since 1981). He has asked FED officials to submit input. The related adjustment could be confirmed as early as before the September 15–16 meeting; the new rules are most likely to take effect in 2027. The remaining meetings in 2026 will still be held according to the established schedule. Warsh Looks to Cut Planned Annual FOMC Meetings: C

The 30-year U.S. Treasury yield surged above 5.2% on July 29, hitting a nearly 19-year high since July 2007. The 10-year yield also climbed above 4.5%—the highest since June 2025—weighing on both Bitcoin and U.S. equities. Key data on U.S. Treasury yields: 30-year breaks 5.2% Based on market data, the 30-year U.S. Treasury yield jumped above 5.2% on July 29, 2026, the highest level since July 2007 and the highest in nearly 19 years. The 10-year yield rose in tandem above 4.5%, the highest since

Analyst EGRAG CRYPTO argues XRP could help Japan address its yen carry-trade problem by improving payment infrastructure efficiency, though the proposal faces substantial practical obstacles. The idea targets liquidity tied up in prefunding rather than debt levels. The yen reached multi-decade

According to Japan's Ministry of Finance, the Bank of Japan held its policy rate at 1.0% following its July meeting on July 30, while confirming yen buying and dollar selling intervention earlier that day. USD/JPY initially fell sharply on the intervention but recovered later, reflecting the

Ripple secured full Markets in Crypto-Assets (MiCA) Crypto-Asset Service Provider authorization in Europe this week, a regulatory milestone for institutional XRP payments across the EU, while XRP price remains capped at $1.10 amid Federal Reserve hawkish signals. XRP is trading at $1.07,

According to Ripple and on-chain data from Santiment, Ripple secured full MiCA Crypto-Asset Service Provider authorization in Europe this week, a regulatory milestone enabling institutional XRP payments across the EU. XRP is trading at $1.07, down 0.57% over the last 24 hours, with the asset

Bitcoin (BTC) rebounds strongly in the short term, temporarily around $65,170 as of July 31. Reports say U.S. senators have submitted the revised code of ethics to the White House to push for passage of the CLARITY Act. Due to unrealized losses caused by Bitcoin’s plunge, Strategy posted a second-quarter loss of $8.2 billion. Macro Events & Crypto Market Hot Spots 1、According to CoinTelegraph, two U.S. senators from opposing political camps have submitted revised ethical guidelines to the White

The U.S. Bureau of Economic Analysis (BEA) released on July 31 that June personal consumption expenditures (PCE) inflation rose 3.7% year over year, down from 4.1% in May, matching market expectations. Supported by cooling PCE inflation data, Bitcoin (BTC) rebounded to above $65,000, rising nearly 2% over the day. At the Federal Open Market Committee (FOMC) meeting the previous day, the Federal Reserve (Fed) kept interest rates unchanged for the fifth consecutive time. U.S. June PCE data: Year-o

Bitcoin traded at $64,149 as of noon May 30, up 0.7% from 24 hours prior. The Federal Open Market Committee (FOMC) held the federal funds rate target range at 3.50-3.75% for the fifth consecutive meeting in 2025. Three Federal Reserve officials voted for a 0.25 percentage point rate increase, and Fe