On July 23, the cryptocurrency market once again became the focus, with several important events sparking widespread discussion.

Speculation surrounds the position of Federal Reserve Chairman Powell. Some claim that Powell is about to resign, but this information has not been officially confirmed. Meanwhile, a resignation letter purportedly from Powell has surfaced on social media, the authenticity of which remains to be verified. These rumors have sparked market interest in the future direction of U.S. monetary policy.

The cryptocurrency ETF market is welcoming new developments. 21Shares has submitted the application documents for the ONDO ETF, demonstrating a continued interest in the crypto ETF market. More notably, the U.S. Securities and Exchange Commission (SEC) has approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, a decision that could open new avenues for the development of cryptocurrency funds.

In the cryptocurrency company sector, the investigation case experienced by Kraken's founder has reached a conclusion. The Federal Bureau of Investigation (FBI) announced the end of the investigation and returned the previously seized equipment, which may alleviate some regulatory concerns in the cryptocurrency industry. At the same time, the prediction market platform Polymarket is considering issuing its own stablecoin, aiming to gain profits from the platform's USDC reserves, reflecting the trend of cryptocurrency companies seeking diversified sources of income.

It is worth noting that SpaceX has issued a warning to its investors, mentioning that Musk may return to the U.S. political arena. This news has sparked discussions about the relationship between tech giants and politics.

Finally, significant changes have occurred in the Ethereum ecosystem. Staking liquidity has accelerated recently, with funds entering and exiting reaching approximately $2 billion and $1.3 billion, respectively. This phenomenon reflects a shift in investor confidence in the Ethereum network, which could have far-reaching effects on its future development.

These events together constitute the latest dynamics of the encryption currency market, showcasing the complexity and ongoing evolution of the field. Market participants need to closely monitor these developments to better grasp future trends and opportunities.