Global markets were mixed as the Dow Jones (-0.38%) and S&P 500 (-0.12%) fell, while the Nasdaq (+0.15%) edged higher on strong after-hours earnings from Microsoft and Meta Platforms. The US economy grew at a 3% rate in Q2, beating expectations, and private company hiring rebounded with a 104,000 increase in July. The IMF raised its global growth outlook, citing eased US tariffs, but warned of ongoing trade tension risks. Markets initially accepted the Fed's decision to hold rates at 4.25-4.50%, but Powell's hawkish comments during the press conference shifted sentiment. His emphasis on strong employment and above-target inflation, with no guidance on future cuts, pushed two-year yields up seven basis points to 3.93% and sparked the biggest bond sell-off in two weeks.
The global market cap is up 0.45% over the past 24 hours to $3.89tn. The 24h volume also increased 4.35% to $174bn.
- In the past 24 hours, crypto liquidations increased by 45.7% and totaled $431.63m, with 77% of them long positions.
- According to data from SoSo Value, Bitcoin ETFs recorded $47.04 million in net inflows on July 30, 2025, declining 41% from the previous day's $79.98 million as institutional demand continued to moderate, with BlackRock's IBIT leading inflows at $34.37 million and Bitwise's BITB contributing $12.66 million while all other major funds recorded zero flows. Trading volume reached $3.54 billion and total net assets stood at $151.36 billion with cumulative inflows now at $55.11 billion since launch.
- According to data from SoSo Value, Ethereum ETFs recorded just $5.79 million in net inflows on July 30, 2025, plummeting 97% from the previous day's $218.64 million in the smallest daily inflow since May 21 when funds attracted only $587k, as institutional appetite for Ethereum exposure cooled dramatically with BlackRock's ETHA contributing $20.29 million and Grayscale's typically outflow-prone ETHE posting a rare $7.77 million inflow, offset by Fidelity's FETH recording a $22.27 million outflow. Trading volume declined to $1.49 billion and total net assets reached $21.43 billion with cumulative inflows holding steady at $9.62 billion since launch.
- The SEC announced on July 29, 2025 (Press Release 2025-101) that it approved orders permitting in-kind creations and redemptions for crypto asset exchange-traded products, marking a departure from previous spot Bitcoin and Ethereum ETPs that were limited to cash-only transactions, with Chairman Paul Atkins stating this will make crypto products "less costly and more efficient" as part of developing a "fit-for-purpose regulatory framework" for crypto markets.
- Coinbase and JPMorgan Chase announced a strategic partnership that will give 80 million Chase customers access to crypto operations through a phased rollout from fall 2025 to 2026, featuring Chase credit card payments on Coinbase, conversion of Ultimate Rewards points to USDC, and direct bank account linking.
- Robinhood's Q2 2025 earnings showed its crypto revenue rose 98% year-over-year to $160 million in the second quarter of 2025 due to a 32% increase in crypto trading activity, boosted by the Bitstamp acquisition.
- Nasdaq-listed Fundamental Global announced on July 30 (Ethereum's 10th anniversary) that it is rebranding to FG Nexus and adopting Ethereum as its primary treasury asset, launching a $200 million private placement to fund ETH purchases with backing from Galaxy Digital and Kraken, though shares closed down 13.7% despite initially surging 76% in premarket trading.
- Indonesia will raise taxes on cryptocurrency transactions starting August 1, increasing rates for sellers on domestic exchanges from 0.1% to 0.21% and on overseas exchanges from 0.2% to 1%, while eliminating value-added tax for buyers as the country reclassifies cryptocurrencies as financial assets rather than commodities.
- Hong Kong will begin enforcing its new stablecoin regulations this Friday, introducing a six-month transition period that includes temporary licenses for issuers.