Bitcoin did well in July but the spotlight belongs to Ethereum.
Risk-on sentiment was in full swing, with U.S. stock indices and Bitcoin hitting new highs.
But in terms of raw returns, Ethereum was the outlier.
It’s still well below its all-time high, but renewed ETF activity is creating a clear path for ETH to start catching up.

Twitter

Bitcoin experienced a significant pullback today, triggering divergence between long and short positions, with some investors adopting defensive strategies while others see it as a buying opportunity. Check out what these analysts say, and for more discussion, visit the Followin new trend indicator (https://followin.io/zh-Hans/trendingTopic/121).

@0xSunNon-Fungible Token:
"I opened a hedging trade: long $ETH, short a basket of altcoins, with positions roughly 1:1.
ETH was the engine of the rise in late June, mainly driven by institutional financing purchases and..."

The crypto market is experiencing a major correction. Should we buy the dips or sell at a loss?

The United States aims to build a global crypto capital, reform the securities regulatory framework, and comprehensively migrate financial markets to the chain.

Speaker: Paul S. Atkins, Former SEC Chairman
Translated by: Alex Liu, <Foresight News>

U.S. Leadership in the Digital Financial Revolution

Good afternoon, everyone. Thank you for Norm's enthusiastic introduction, and thank you for inviting me. I am very pleased to gather with everyone, especially at this critical moment when I believe the United States is demonstrating leadership in the crypto asset market. Before sharing some thoughts, I want to thank Ame...

Full text of the SEC Chairman's speech announcing the "Crypto Initiative"

On August 1st, Hong Kong's Stablecoin Decree officially took effect. HKMA has issued detailed licensing guidelines including requirements for capital, custody, KYC, reserves, and governance.
Leading bank c...

Hong Kong opens stablecoin licensing: Banks and brokers rush to join

Meanwhile, bonds, gold, Europe, and emerging markets lagged in July.
That’s one more sign that the market is firmly in risk-on mode.
Follow @ecoinometrics for more data-driven insights on Bitcoin and macro.