🗞 Top #CryptoNews: Sat, Aug 2 (24H)
1️⃣ Michael Saylor says owning 628k BTC or 7% of supply is competitive as 160 firms now HOD
2️⃣ Crypto tokens explode from 20k in 2022 to 18.9M following launchpad frenzy on Solana, Base, BSC

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TL;DR
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In July 2025, the U.S. economy continues to show a pattern of rising inflation and weakening growth momentum, with CPI and core inflation both exceeding the Federal Reserve's 2% target, making it difficult to support a shift towards easing in the short term. While the labor market remains generally stable, it shows signs of marginal fatigue. Consumer spending is experiencing a moderate rebound with an unstable foundation, and high interest rates and credit costs continue to suppress household expenditures. Internal disagreements within the Federal Reserve about the timing of rate cuts have intensified, with market expectations of a potential rate cut in September, but this still depends on subsequent inflation and employment data. Meanwhile, geopolitical risks and domestic policy negotiations are increasing market uncertainty, with the Fed maintaining high interest rates and adopting a wait-and-see approach...

BitMart VIP Insights | July Crypto Market Overview

Impacted by the latest U.S. non-farm employment data, the cryptocurrency market collectively declined this morning, with Bitcoin falling below $113,000 at one point, and Ethereum breaking through the $3,500 mark, reaching as low as $3,430. However, during the market downturn, on-chain data shows that institutions and whales are still continuing to increase their positions in ETH.

<SharpLink Gaming> added 14,933 <ETH>
According to <Remainder> monitoring, the Ethereum reserve company <SharpLink Gaming> has been, since early this morning, through <Galaxy Digita...>

Ethereum Buying: SharpLink Gaming Increases Holdings by 14,933 ETH, and On-chain Whale Spend $300 Million in Three Days

According to <Caixin> report, the Hong Kong Monetary Authority may reduce the number of stablecoin issuer licenses to three to four. Currently, many Chinese banks' branches in Hong Kong and Chinese securities firms are actively preparing to participate in compliant stablecoin business, including Bank of China Hong Kong, Bank of Communications Hong Kong, China Construction Bank (Asia), China Merchants Bank International, and Guotai Junan International, planning to involve stablecoin issuance, custody, and other aspects. An insider stated that China currently does not have a globally influential public chain. Another insider suggested that a national-level main public chain should be led by central state-owned enterprises, while industry-level public chain construction could be open to market competition.