🇺🇸Fed Chairman Powell did not make any comments regarding monetary policy or his own term in his prepared opening remarks for the banking conference today. Powell's speech has not yet started.

U.S. Treasury Secretary Bessent:
"I see no reason for Powell to resign at this time."

U.S. Treasury Secretary Bessent:
We will see that GDP growth will be 3% or more by the first quarter of 2026.
•We have the potential to generate 2.8 trillion dollars in customs duty revenue within 10 years.

US Treasury Secretary Bessent stated that the tariffs on China will expire on August 12 and that they will hold talks on Monday/Tuesday.
"We have entered a new phase in the China talks. If we can produce more, China will consume more, and that will be a great success."

U.S. Treasury Secretary Bessent:
•Tariffs are bringing production back to the US.
•Many agreements involve significant investments in the US.
•Trump ordered that the necessary permits for the construction of factories be obtained within 1 month.
We will announce a lot of trade agreements in the coming days.
•August 1st is a 'quite challenging deadline' for all countries.
•Many agreements involve significant investments in the US.

📢 Michael Saylor's 'Strategy' announced that 5 million STRC shares will be offered to the public to buy more $BTC.
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BLACKROCK IS MAKING BILLIONS OF DOLLARS IN ACQUISITIONS
BlackRock purchased $BTC worth $2.57 billion and $ETH worth $1.76 billion last week.
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📢 $XRP has surpassed McDonald's in market capitalization, becoming more valuable than the world's largest restaurant chain.
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🟩 LONG : 46.86% (-0.10%)
🟥 SHORT : 53.14% (+0.10%)
BTC Price
$ 118,326.20 (+36.00)
Open Interest
89,010.064 BTC (-254.347)
USDT Value of Open Interest
$ 10.53B (-50.04M)
Top Trader (Account)
Short (than 0.94%)
Top Trader (Position)
Long (than 27.44%)

📢 ETHENA'S STABLE COIN USDE SUPPLY HAS EXCEEDED 6 BILLION DOLLARS, REACHING ALL-TIME HIGHS: MARKET
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📢 The leading memecoin launch platform $BONK fun generated $1.01 million in revenue over 24 hours, surpassing Pumpfun's revenue of $427,000 by more than double.
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📢 $XRP surpassed a market capitalization of 205,000,000,000 dollars.
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The UK government is considering selling Bitcoin worth 5 billion to close the funding gap.

The supply of Ethena's stablecoin $USDE has exceeded 6 billion dollars, reaching an all-time high.

🟩 LONG : 44.31% (-0.04%)
🟥 SHORT : 55.69% (+0.04%)
BTC Price
$ 118,308.30 (-36.70)
Open Interest
88,545.082 BTC (-1.368)
USDT Value of Open Interest
$ 10.48B (-5.72M)
Top Trader (Account)
Short (than 5.14%)
Top Trader (Position)
Long (than 27.68%)

📢 BlackRock purchased $113,586.03 worth of 406 million dollars in ETH.
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📢 BlackRock bought out 4,225 BTC worth 499 million dollars.
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On July 18;
🟢A total of $363 million has been invested in spot Bitcoin ETFs.
🟢Spot Ethereum ETFs saw an inflow of 402 million dollars.

📢 🇦🇪 Dubai is preparing to become the world's first city to launch commercial air taxi services as early as 2026.
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