The Fed's interest rate decision and non-farm payroll report are coming, the crypto market is following regulatory developments and on-chain large transactions.

robot
Abstract generation in progress

Macroeconomic and Financial Market Outlook

Next week will see the release of important economic data and financial events, among which the most anticipated are the Federal Reserve's interest rate decision and the non-farm payroll report. Recently, the US stock market has continued to rise under the influence of multiple favorable factors, with the S&P 500 index and the Nasdaq index consecutively reaching historical highs.

The Federal Reserve will announce its interest rate decision on Wednesday, with the market widely expecting the current rate to remain unchanged. At the same time, the U.S. GDP data for the second quarter will also be released that day, providing important reference for assessing the economic situation. The non-farm payroll report on Friday will reflect the latest trends in the labor market.

In addition, events such as the China-U.S. economic and trade negotiations and the Bank of Japan's interest rate decision are also worth paying attention to. Particularly, August 1 is the deadline for the U.S. to impose additional tariffs on China, and the market will closely monitor the progress of negotiations between the two sides.

Cryptocurrency Industry Dynamics

Regulatory and Risk Warning

Recently, financial management departments in multiple regions have issued risk warnings, reminding the public to be cautious of illegal activities that use "stablecoins" as a gimmick. Regulatory agencies urge consumers to choose licensed and legitimate financial institutions, establish the correct investment philosophy, and stay away from unapproved digital asset investment projects.

Market Research

The latest Gallup poll shows that 14% of American adults own cryptocurrency, but 60% of respondents indicated they have no intention to buy. Among investors who understand cryptocurrency, 64% consider this asset class to be "extremely high risk." The survey also found that young men and high-income groups are more accepting of cryptocurrency.

Project Progress

Ethereum will hold a 10th anniversary celebration live stream on July 30, where founder Vitalik Buterin and other core contributors will give speeches. At the same time, a limited-time 24-hour free commemorative NFT minting event will be launched.

A trading platform announced the launch of Verasity (VRA) tokens and is conducting airdrop activities with point thresholds.

On-chain Data

Two addresses holding over 10 million USDT have been frozen. A whale trader's long position remains profitable by about 33 million dollars after a week of market fluctuations. One address purchased 30,366 ETH within 28 hours, valued at approximately 114 million dollars.

The Ethereum PoS network's exit queue has increased to 699,800 coins, with withdrawal delays exceeding 12 days. Some analysts believe this may be related to the 2% staking rewards offered by a certain platform.

An investor sold 2,270 ETH on-chain at a price of $3,754, making a profit of approximately $4.46 million. The investor purchased the ETH 4 months ago at a price of $1,787.

ETH2.04%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Share
Comment
0/400
AirdropFatiguevip
· 13h ago
Be Played for Suckers again, what is there to see?
View OriginalReply0
BoredApeResistancevip
· 08-05 18:10
Going long on Friday, just waiting to count the money and that’s it.
View OriginalReply0
DeFiChefvip
· 08-04 16:13
Non-farm payrolls are here again. Can long positions hold up...?
View OriginalReply0
GraphGuruvip
· 08-03 10:29
So it's really the Fed that dominates.
View OriginalReply0
NeverVoteOnDAOvip
· 08-03 10:29
It's that time of the month again for the Federal Reserve meeting where they pretend to be asleep.
View OriginalReply0
WalletInspectorvip
· 08-03 10:23
So boring, waiting for the breakthrough range.
View OriginalReply0
ParallelChainMaxivip
· 08-03 10:13
Again pretending to be busy, it's just copying and pasting while continuing to slack off.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)