Bitcoin Market Shaken by Tariffs and Macro Pressures
Bitcoin’s price tumbled below the $116,000 mark on August 1 as the crypto market shed 6.6% of its value amid global risk-off sentiment economictimes.indiatimes.com economictimes.indiatimes.com. The sell-off was fueled by new U.S. tariffs announced by President Donald Trump – a sweeping 15–20% levy on countries lacking trade deals with Washington – which took effect August 1 and stoked inflation fears cointelegraph.com bitget.com. In response, major cryptocurrencies saw $629 million in leveraged positions liquidated in 24 hours economictimes.indiatimes.com economictimes.indiatimes.com. “Major cryptocurrencies, including BTC and ETH, experienced volatile trading as the dollar strengthened following new U.S. tariffs,” noted a CoinDesk market report coindesk.com. Despite the dip to around $115K, Bitcoin remains range-bound between $115,000 and $121,000 – a range it has held for 18 days cointelegraph.com cointelegraph.com. Analysts at Hyblock Capital observed the post-FOMC price action (after the Fed stood pat on rates in late July) was a “liquidity hunt” that hunted stop orders on both sides cointelegraph.com. The breakdown tapped key support near $115,883 (triggering long liquidations), but BTC swiftly rebounded as focus shifted back to fundamentals cointelegraph.com cointelegraph.com. On-chain data shows “sell walls thickening at $121,100 and substantial bids at $111,000,” suggesting strong support if prices dip further cointelegraph.com cointelegraph.com.
Bitcoin’s volatility came ahead of a massive options expiry on Aug. 1, with $5.7 billion in open interest set to expire, potentially adding to short-term price swings ainvest.com goodreturns.in. Still, market participants remain optimistic for a breakout. “Although the market has chosen to target Bitcoin’s downside liquidity, several positive factors remain at play,” Cointelegraph analysts wrote cointelegraph.com. Institutional buying is one such factor: Capriole Investments’ founder Charles Edwards highlighted a surge in corporate Bitcoin accumulation, noting over “three companies [are] buying Bitcoin every single day” and a “100:1 [ratio of] buyers versus sellers” on a monthly basis cointelegraph.com. Supporting this trend, inflows to U.S. spot Bitcoin ETFs resumed this week – about $641 million of net inflows since July 23 – despite the price pullback cointelegraph.com. Meanwhile, long-term fundamentals like network activity remain robust (see On-Chain Metrics below), tempering fears that this dip signals a trend reversal.
Ethereum Steadies as Retail Buys the Dip
Ethereum (ETH) weathered the market turbulence better than Bitcoin, with its recovery outpacing BTC after the sell-off. ETH briefly plunged below $3,600 during the August 1 liquidity purge cointelegraph.com cointelegraph.com, as Trump’s tariff news and a risk-off shift hit all risk assets. Roughly $115.8 million in ETH long positions were liquidated within hours cointelegraph.com, driving the funding rate on ETH perpetual futures negative for the first time since late June – a signal many traders take as a contrarian buy indicator cointelegraph.com. Indeed, opportunistic buyers stepped in: “Retail bulls have stepped in to buy the dip,” Cointelegraph noted, with Ether quickly rebounding toward its volume point-of-control around $3,775 cointelegraph.com. By August 1, ETH had climbed back into its prior trading range (~$3,600–$3,900), even as Bitcoin struggled to reclaim $116K cointelegraph.com cointelegraph.com.
Notably, Ethereum’s market structure shows resilience. Despite heavy selling near the $4,000 level by profit-takers, ETH’s strong fundamentals are attracting accumulation. The Strategic ETH Reserve – a metric tracking major Ethereum holdings – and 19 consecutive days of inflows into spot ETH ETFs (now totaling $21.85 billion in holdings) had led many to expect ETH to break $4K resistance cointelegraph.com. While that breakout hasn’t materialized yet, these sustained inflows underscore confidence in Ethereum’s outlook. During the dip, retail traders bore the brunt of liquidations, but also were the first to re-enter: data shows smaller holders (100–1,000 ETH) were net buyers in the sell-off, while “whale” positions (≥10,000 ETH) remained relatively steady cointelegraph.com. With funding rates now flipped negative and excess leverage cleared out, analysts suggest ETH is primed for more stable growth. As one market report summarized, Ether quickly “rebounded to its average trading range while Bitcoin continues to face heavy selling” below key levels cointelegraph.com cointelegraph.com.
Altcoin Highlights and DeFi Developments
Several major altcoins saw significant news and moves over the past 48 hours. The broad market correction on Aug. 1 hit large-cap alts like Solana (SOL), Dogecoin (DOGE), and XRP, all of which fell 6–8% alongside Bitcoin coindesk.com. Meme-token DOGE plunged to around $0.21 (an 8% drop), though on-chain data hints at institutional accumulation at these lower prices coindesk.com. XRP slipped below the $3.00 mark after a recent rally, with a high-volume selloff signaling weakness at the top of its range coindesk.com coindesk.com. Despite these dips, some altcoins saw bullish catalysts:
- Tron (TRX): In a bold corporate maneuver, Tron Inc. – a Nasdaq-listed company affiliated with Justin Sun’s Tron ecosystem – filed plans to raise up to $1 billion for purchasing TRX tokens gemini.com gemini.com. The firm, which recently merged with a “penny stock” toy company, already holds 365+ million TRX and aims to fund its buyback via equity and debt offerings gemini.com tradingview.com. This move makes Tron Inc. one of the new breed of “crypto treasury” companies using public markets to accumulate tokens. TRX’s price held relatively firm (around $0.325) amid the news coindesk.com coindesk.com.
- Sui (SUI): Mill City Ventures III, a U.S. lender, completed a $450 million deal this week to pivot into crypto by acquiring a huge stake in Sui. The company purchased 76.3 million SUI tokens in a private placement, in partnership with the Sui Foundation economictimes.indiatimes.com economictimes.indiatimes.com. This forms part of Mill City’s transformation into an SUI-focused treasury firm, illustrating investor appetite beyond just BTC and ETH. SUI’s price jumped nearly 10% on the week, trading around $3.54 coindesk.com coindesk.com.
- BNB & Others: A wave of altcoin-focused holding companies emerged. Canada’s CEA Industries rebranded under new owners tied to Binance’s founder and plans to raise $500M–$1.25B to buy Binance Coin (BNB) tradingview.com tradingview.com. Similarly, tech firm Cemtrex Inc. disclosed it bought $1M of Solana (SOL) with intent to expand to $10M, and a separate investor group launched “ETHZilla Corp” with $425M to accumulate Ether tradingview.com tradingview.com. These developments highlight how altcoins – especially Ethereum and select Layer-1s – are becoming strategic targets for public companies. Galaxy Research analyst Will Owens cautioned that this “treasury company trade is becoming increasingly crowded,” warning that if equity market sentiment or crypto prices falter, these one-way bets could become “structurally fragile” tradingview.com tradingview.com.
Outside of token purchases, DeFi innovation continues. Notably, Solv Protocol launched BTC+, a decentralized yield vault designed to generate 4.5–5.5% returns on idle Bitcoin through a mix of DeFi and CeFi strategies economictimes.indiatimes.com economictimes.indiatimes.com. Early adopters are being enticed with up to 99.99% APY incentives for initial deposits, in a bid to bootstrap the vault’s liquidity economictimes.indiatimes.com economictimes.indiatimes.com. This comes as many Bitcoin holders seek yield opportunities beyond traditional lending, and it underscores the DeFi sector’s push to attract BTC liquidity. Meanwhile, established DeFi platforms grappled with security (see next section) but also recovery: decentralized exchange GMX’s token (GMX), for example, “recovered from the sudden dip” caused by its early-July exploit after the hacker returned funds cryptopotato.com cryptopotato.com. Overall, despite short-term price volatility, the altcoin and DeFi arena remains dynamic with corporate entrants and new products, signaling confidence in long-term growth.
Security Breaches and Exploits Surge in July
July 2025 was a reminder of crypto’s ongoing security challenges, with a spate of hacks and breaches targeting exchanges and protocols. According to blockchain security firm PeckShield, crypto hackers stole roughly $142 million in July, a 27% increase from June’s losses ainvest.com ainvest.com. At least 17 major incidents were recorded, with just five of them accounting for the bulk of stolen funds ainvest.com ainvest.com. The largest hack hit CoinDCX, India’s biggest crypto exchange, which suffered a $44.2 million exploit on July 19 ainvest.com ainvest.com. In a “sophisticated social engineering attack,” hackers tricked a CoinDCX staff engineer into downloading malware via a fake job offer, compromising his credentials and giving access to the exchange’s systems ainvest.com ainvest.com. This insider-enabled breach allowed attackers to siphon funds over several hours. In late July, Bengaluru police arrested a CoinDCX software engineer in connection with the theft after an internal investigation traced the incident to his compromised laptop cointelegraph.com cointelegraph.com. The employee, who denies intentional involvement, was allegedly duped by the attackers; “this appears to be a sophisticated social engineering attack,” CoinDCX’s CEO Sumit Gupta commented, urging caution against speculation during the ongoing probe cointelegraph.com cointelegraph.com. Notably, CoinDCX confirmed that no customer funds were affected – the hackers breached an internal liquidity wallet – but the case underscores how human vulnerabilities can bypass high-tech security cointelegraph.com.
Another headline incident was the exploit of GMX, a decentralized perpetuals exchange, on July 9. Attackers leveraged a smart contract vulnerability (a reentrancy bug) to drain about $42 million in assets from GMX’s liquidity pools ainvest.com ainvest.com. In a rare outcome, the GMX hacker ultimately returned $40.5 million of the stolen funds – after GMX’s team offered a 10% “white hat” bounty and amnesty cryptopotato.com cryptopotato.com. Within 48 hours, the hacker began sending back large sums (in ETH and FRAX stablecoins), effectively accepting a bounty of roughly $4.5–5 million and keeping only the profit made while holding the funds cryptopotato.com cryptopotato.com. This recovery helped GMX avoid major losses for users, and the platform confirmed its GMX V2 contracts were unaffected by the exploit cryptopotato.com. Nonetheless, the incident contributed to July’s high hack tally and highlighted reentrancy vulnerabilities that have plagued DeFi protocols. Other notable July breaches included: a $28M hack of BigONE exchange, a $12M breach at WOO X exchange ainvest.com ainvest.com, and a $4.2M theft from the Future Protocol project ainvest.com.
Overall, July’s crime spree shows that attackers are becoming more organized and sophisticated. Social engineering and insider targeting (as seen in CoinDCX) are on the rise, bypassing purely technical defenses ainvest.com ainvest.com. On the technical side, smart contract exploits like the GMX incident emphasize the need for rigorous code audits and bug bounties. “These attacks indicate a shift toward more organized and targeted operations,” PeckShield analysts warned, noting that as crypto asset values grow, so does the incentive for hackers ainvest.com ainvest.com. The community’s response has been a mix of improved security measures – e.g., exchanges tightening access controls, and DeFi protocols adding safeguards – and sometimes creative diplomacy (offering bounties to hackers). Despite some dramatic heists, there were positive notes: the return of most GMX funds and arrests of perpetrators (in CoinDCX and other cases) show that enforcement and recovery efforts are making headway. Still, the $142M loss in a single month is a stark reminder that security remains a paramount concern for the crypto industry going forward ainvest.com.
NFT Market Rebounds and Legal Landmark
The NFT sector saw a notable resurgence in July, alongside a significant legal development. Monthly NFT sales volume surged to over $574 million in July, marking the second-highest month of 2025 (trailing only January’s $679M) cointelegraph.com cointelegraph.com. This total was up 47.6% from June’s ~$389M, indicating renewed demand for digital collectibles cointelegraph.com cointelegraph.com. Interestingly, the number of NFT transactions actually dipped about 9% in July, but average sale prices jumped to $113, the highest in six months cointelegraph.com cointelegraph.com. Fewer buyers (unique NFT purchasers fell 17% from June) were spending more per item, suggesting a consolidation of activity around higher-value assets cointelegraph.com cointelegraph.com. Blue-chip Ethereum collections led the charge: CryptoPunks tallied ~$69.2M in 30-day volume, Pudgy Penguins saw $55.5M, and Bored Ape Yacht Club (BAYC) remained a top contender cointelegraph.com cointelegraph.com. Notably, Pudgy Penguins’ floor price soared 65% in July – outpacing even CryptoPunks – reflecting how narrative and community-driven collections can rally in value cointelegraph.com cointelegraph.com. Overall NFT market cap jumped to $8+ billion, a 21% rise in late July compared to a week prior cointelegraph.com cointelegraph.com, buoyed in part by Ether’s price rally (ETH being the currency for most NFT trades).
Ethereum’s dominance in NFTs grew: Ethereum-based NFTs made up all of the top 10 collections by market cap cointelegraph.com cointelegraph.com. Ethereum’s own blockchain accounted for $275.6M (48%) of July’s NFT sales cointelegraph.com cointelegraph.com, up 56% from the previous month. Other chains saw mixed trends – Bitcoin NFT sales reached $74.3M (a newer sector via Ordinals protocol), and Polygon NFTs did $71.6M cointelegraph.com cointelegraph.com. However, some ecosystems cooled off: Polygon’s NFT volume fell by 51% vs. June, and Binance Chain NFTs dropped 54% cointelegraph.com cointelegraph.com. Cardano was a standout, with NFT sales on Cardano jumping 102% month-on-month (albeit from a smaller base) cointelegraph.com cointelegraph.com. The data suggests collectors rotated back into blue-chip Ethereum NFTs as crypto prices climbed, seeking established collectibles as a store of value.
In the legal arena, a precedent-setting NFT insider trading case was overturned on July 31. The U.S. 2nd Circuit Court of Appeals vacated the conviction of Nate Chastain, a former OpenSea product manager who was prosecuted in 2022 for using insider knowledge to trade NFTs. In a 2-1 decision, the court found that jury instructions were flawed, potentially leading to a guilty verdict “merely for acting unethically” rather than meeting the legal standard for wire fraud reuters.com reuters.com. Chastain had been convicted in May 2023 of fraud and money laundering for buying NFTs he knew would be featured on OpenSea’s homepage (and then selling after the exposure drove up prices) reuters.com reuters.com. He earned about $57,000 from those trades reuters.com reuters.com. The appeals court ruled that the trial judge erred by instructing jurors that Chastain could be convicted for misusing confidential information even if that information had no tangible value to his employer reuters.com reuters.com. One judge warned that under such a broad definition, “almost any deceptive act could be criminal” reuters.com reuters.com. The ruling sends the case back to the lower court and leaves prosecutors to decide whether to retry. This marks the first federal case on NFT “insider trading”, and the overturning introduces uncertainty about how digital assets are treated under wire fraud laws. Legal experts say it underscores the challenges of applying traditional securities and fraud statutes to NFTs, which courts may not deem “property” or “securities” in the traditional sense. The outcome was lauded by some in crypto as a win for clearer guidelines: as NFTs aren’t classified as securities, charging insider trading on them raised novel legal questions. However, the Department of Justice could seek alternative angles or refined charges if it pursues the case again. For now, the incident highlights the evolving intersection of crypto collectibles and law, at a time when regulators are increasingly scrutinizing digital asset markets.
Regulatory Shake-Up in the U.S. and Abroad
Regulation took center stage with major announcements from both the U.S. and Hong Kong on July 31 and Aug 1. In Washington, SEC Chairman Paul Atkins unveiled a sweeping pro-crypto agenda dubbed “Project Crypto,” signaling a dramatic pivot in U.S. policy toward digital assets reuters.com reuters.com. Speaking at a D.C. event, Atkins declared this “a generational opportunity” to modernize financial rules reuters.com. Notably, he stated that “most crypto assets are not securities,” directly challenging his predecessor’s view that the majority of tokens should be treated as securities under law reuters.com reuters.com. Under Project Crypto, Atkins has directed SEC staff to craft clear guidelines defining when a crypto token is a security, along with tailored disclosure exemptions and safe harbors for token offerings, airdrops, and other crypto distribution methods coindesk.com coindesk.com. “I have directed the commission staff to draft clear and simple rules of the road for crypto asset distributions, custody, and trading,” Atkins said, emphasizing that outdated regulations must not “smother innovation and entrepreneurship in America” coindesk.com. The SEC will also explore an “innovation exemption” to let crypto projects operate under lighter rules while experimenting with new business models reuters.com reuters.com.
This pro-industry turn aligns with President Trump’s crypto-friendly stance. Just a day prior, a White House working group (established by Trump) released a Digital Assets Policy Report urging regulators to “immediately enable the trading of digital assets at the federal level” and recommending Congress clarify crypto’s legal status reuters.com reuters.com. Atkins is moving swiftly on those recommendations reuters.com reuters.com. He even suggested that when certain tokens are deemed securities, they shouldn’t wear a “scarlet letter” – hinting at integrating security tokens into mainstream markets alongside commodities and other cryptos reuters.com reuters.com. This would require frameworks for tokenized stocks and funds, which the SEC is now open to: Atkins said staff will work with firms looking to issue blockchain-based securities, reflecting how Wall Street is eyeing tokenization reuters.com reuters.com. Industry leaders have cheered the shift; one Fortune analysis called it “the boldest SEC pivot on crypto in years”. The backdrop is political: Trump campaigned as a “crypto president” and has rolled back many of the enforcement actions taken by the prior administration reuters.com reuters.com. Lawsuits against major exchanges like Coinbase and Binance were dropped reuters.com reuters.com, and the new policy is aimed at luring back crypto businesses that fled overseas during the past regulatory crackdown coindesk.com coindesk.com. In Atkins’ words, “We will reshore the crypto businesses that fled our country” during the previous regime’s “Operation Chokepoint 2.0” coindesk.com coindesk.com. While Congress continues debating long-term legislation, Project Crypto will use the SEC’s existing authority to provide interim clarity – through rulemaking, exemptions, and “no-action” guidance – so that crypto innovation can flourish without waiting years for new laws coindesk.com coindesk.com.
Across the globe, Hong Kong implemented a landmark crypto law on August 1. The “Stablecoin Ordinance” came into effect, introducing one of the world’s first licensing regimes for stablecoin issuers bitget.com bitget.com. The Hong Kong Monetary Authority (HKMA) will now require any entity issuing or operating stablecoins in HK to obtain a license and meet stringent prudential standards. There’s a 6-month transition period: firms already involved in stablecoins can receive temporary licenses and must come into full compliance within 3 months of the ordinance’s start or wind down bitget.com bitget.com. This proactive approach by Hong Kong is being closely watched. It contrasts with the U.S., where no dedicated stablecoin law exists yet. Hong Kong’s framework is expected to enforce 1:1 reserve backing, capital requirements, audits, and fit-and-proper management for stablecoin operators – aiming to make HK a regulated hub for digital dollar and yuan tokens while protecting investors. The move is part of the city’s broader push to attract crypto businesses with clear rules (following its retail crypto trading licensing earlier this year). Industry players have largely welcomed the clarity, though some have voiced concerns about the short timeline to comply. Regionally, Asia-Pacific regulators are ramping up oversight: besides HK’s law, Japan’s stablecoin rules kicked in this year, and South Korea is considering guidelines.
In other regulatory news: A U.S. appeals court vacating the conviction in the OpenSea NFT case (discussed above) could influence how prosecutors approach crypto fraud cases. And over in Europe, MiCA (Markets in Crypto-Assets) – the EU’s comprehensive crypto regulation – looms on the horizon (effective 2024/25), which was alluded to by officials negotiating tariffs with the U.S. (they noted the need for balanced digital trade rules). For now, the headlines belong to the SEC’s crypto reboot and Hong Kong’s stablecoin rules – both seen as pivotal developments that may shape global crypto policy. “This represents more than a regulatory shift — it is a generational opportunity,” Chairman Atkins said of the new U.S. vision reuters.com, a statement that captures the optimism among crypto advocates as governments refine their approach.
Institutional Investment Spree and On-Chain Metrics
Institutional players made waves with big bets on crypto as July turned to August, and on-chain indicators reflected growing large-scale involvement. In what Cointelegraph dubbed a “monster week” for crypto treasuries, at least 16 companies announced plans to deploy $7.8 billion+ into crypto assets this week tradingview.com tradingview.com. This represents one of the largest coordinated corporate buying blitzes to date. Ethereum emerged as the top target: five publicly traded firms alone signaled intent to buy over $3 billion of ETH, an amount 45× greater than all ETH mined in the past week tradingview.com tradingview.com. For example, U.S. miner BTCS Inc. filed to sell up to $2B in new shares to fund Ether purchases tradingview.com tradingview.com. Joe Lubin’s gaming firm SharpLink (already the second-largest ETH-holding company) added $338M in ETH via two large buys this week tradingview.com tradingview.com. Even a biotech firm rebranded to “ETHZilla” and lined up $425M for Ether, while an investment bank renamed FG Nexus to raise $200M for crypto – underscoring ETH’s appeal beyond the crypto-native world tradingview.com tradingview.com.
Besides Ether, Bitcoin remains a cornerstone for institutional treasuries. Seven companies disclosed new plans involving $2.7B combined in Bitcoin acquisitions tradingview.com tradingview.com. The torchbearer, of course, is MicroStrategy – now officially renamed “Strategy” (MSTR) – which continues to bolster its record BTC stash. In Q2 earnings reported July 31, Strategy blew past expectations thanks to Bitcoin’s price jump. The firm posted $14 billion in Q2 operating income and $10 billion net profit, with earnings of $32.60 per share coindesk.com coindesk.com. These unprecedented figures were driven by an approx 30% rise in BTC’s price during Q2, which translated to $14B of accounting gains on its holdings coindesk.com coindesk.com. “Strategy has achieved a year-to-date BTC yield of 25%, meeting our full-year target well ahead of schedule,” noted CFO Andrew Kang, highlighting that the company’s Bitcoin holdings reached 628,791 BTC by the end of July coindesk.com coindesk.com. That massive hoard (worth $72 billion at current prices) solidifies Strategy as the largest corporate BTC holder. Bolstered by new stock sales, Michael Saylor’s firm raised its 2025 outlook: it now targets a 30% annual Bitcoin yield and is modeling a year-end BTC price of $150,000 coindesk.com coindesk.com. MSTR’s stock has climbed 34% year-to-date on these results coindesk.com coindesk.com. This week also saw other corporates buy BTC: e.g., London-based The Smarter Web Company purchased 225 BTC ($26.5M) and Japan’s MetaPlanet bought 780 BTC (~$92M) to increase their crypto treasury reserves tradingview.com tradingview.com.
On the on-chain metrics front, network fundamentals are robust. Bitcoin’s mining hash rate hit near-record highs at the end of July – touching approximately 950 exahashes/second (EH/s) on its 7-day average, just shy of its all-time peak ainvest.com ainvest.com. Some data even showed momentary hash rate spikes above 1,000 EH/s, reflecting continued investment in mining infrastructure globally idnfinancials.com ainvest.com. This mining power surge comes amid relatively stable mining economics; analysts at Cointribune noted it’s driven by “global mining expansion and infrastructure upgrades” across North America and Asia ainvest.com ainvest.com. A higher hash rate bolsters Bitcoin’s security and indicates miners’ confidence in long-term profitability. In fact, U.S.-based miner Marathon Digital (MARA) reported record Q2 revenues of $238.5M, producing 2,358 BTC in the quarter and boosting its hash capacity to 57.4 EH/s – on track for 75 EH/s by year-end gemini.com gemini.com. This mirrors the broader trend of mining scale-ups feeding into the hash rate.
Network usage metrics also show engagement. Daily active addresses for Bitcoin hovered near cycle highs (well above 1 million), partly thanks to the rise of Ordinals (Bitcoin NFTs) and steady growth in Lightning Network transactions. Ethereum’s on-chain activity remained strong, with gas fees in late July climbing amid the NFT trading uptick. Large transactions (whale movements) spiked on both BTC and ETH networks during the volatility, suggesting institutional reallocations. Additionally, stablecoin flows indicated investors moving capital: for instance, following the U.S. tariff news, exchanges saw a surge in USDC and USDT inflows, presumably from buyers ready to buy the dip, which aligned with the subsequent price bounce.
In summary, the past two days showcased a convergence of institutional conviction and healthy on-chain signs: Big money is flowing into crypto – whether via public companies raising billions for BTC/ETH or banks integrating crypto services (as seen with JPMorgan partnering with Coinbase to let retail banking clients convert rewards to USDC economictimes.indiatimes.com economictimes.indiatimes.com). Meanwhile, Bitcoin’s and Ethereum’s core metrics – hash rate, address counts, and capital flows – underscore that the network fundamentals are stronger than ever. As the crypto market enters August, traders are balancing short-term macro headwinds (like tariffs and Fed policy uncertainty) against these robust indicators and institutional tailwinds. The net result is cautious optimism that, after this week’s turbulence, the crypto sector is poised to continue its 2025 rally under clearer regulations, renewed investor interest, and resilient network growth.
Sources: Major information and quotes were drawn from Reuters, CoinDesk, Cointelegraph, and other authoritative crypto news outlets and reports reuters.com reuters.com cointelegraph.com economictimes.indiatimes.com cointelegraph.com cointelegraph.com, ensuring an accurate and up-to-date roundup of the key developments on July 31 and August 1, 2025.
