Whale Revives Revenue-Taking Issues as Bitcoin Holds Flat: Crypto Daybook Americas

By Omkar Godbole (All instances ET except indicated in any other case)

Bitcoin’s Asian session bounce from $117,500 ran out of steam close to $119,200 throughout European hours, extending two weeks of directionless buying and selling. The CoinDesk 20 (CD20) Index traded 1.4% decrease over 24 hours, with the broader CD80 gauge reporting a 4.6% decline, indicating pronounced weak spot in altcoins.

In opposition to the background of a flat BTC market, the awakening of long-dormant bitcoin whale wallets is elevating considerations about potential profit-taking by seasoned buyers. In line with Whale Alert, an tackle that was dormant for over 12 years moved 343 BTC in early Asian hours.

In the meantime, Ethereum Treasury protocol ETH Technique, designed to supply leveraged publicity to ether, raised 12,342 ETH ($46.5 million) in its prelaunch funding. The fundraising operation focused a various vary of investor profiles by non-public and public gross sales, in addition to puttable warrants.

Talking of ether, its current rally has sparked renewed enthusiasm in dangerous corners of the crypto market, together with CryptoPunks, the Ethereum-based 10,000-piece pixel-art NFT assortment. The ground value for CryptoPunks topped $200,000 for the primary time in over a yr, marking a 160% development since August final yr. (Extra on this within the Token Discuss part).

Futures tied to Solana-based joke token FARTCOIN witnessed giant liquidations Monday because the token’s value dropped over 10%. The lengthy liquidations tallied $11.39 million, the most important for the yr, Coinglass information present. Futures on the token had zoomed into top 10 rankings final week, pointing to a construct of speculative excesses within the crypto market.

In conventional markets, the greenback index briefly topped 99.00, the very best since June 23. A continued restoration within the U.S. forex may cap upside in BTC. Former Financial institution of Japan Governor Hiroshi Nakaso stated the central financial institution may resume interest-rate will increase, and the U.S. and China are assembly in Stockholm to proceed commerce talks. Keep alert!

What to Watch

Crypto
- July 31, 12 p.m.: A dwell webinar that includes Bitwise CIO Matt Hougan and Bitzenship founder Aleesandro Palombo discussing bitcoin’s potential to change into a worldwide reserve forex amid dedollarization developments. Registration link.
- Aug. 1: The Helium Network (HNT), now working on Solana, undergoes its halving event, reducing annual new token issuance to 7.5 million HNT.
- Aug. 1: Hong Kong’s Stablecoins Ordinance takes effect, introducing a licensing regime to control stablecoin actions within the metropolis.
- Aug. 1: New Bretton Woods Labs will launch BTCD, which it says is the primary totally bitcoin-backed stablecoin, on the Elastos (ELA) mainnet, a decentralized blockchain secured by merged mining with bitcoin and overseen by the Elastos Basis.
- Aug. 15: Report date for the next FTX distribution to holders of allowed Class 5 Buyer Entitlement, Class 6 Normal Unsecured and Comfort Claims who meet pre-distribution necessities.
Macro
- Day 2 of two: U.S. and Chinese language officers meet in Stockholm for a 3rd spherical of commerce talks. Treasury Secretary Scott Bessent and Chinese language Vice Premier He Lifeng lead discussions centered on stopping additional tariff escalations. Whereas extending the tariff truce set to run out Aug. 12 is a key purpose, the assembly additionally goals to put the groundwork for future negotiations and a potential leaders’ summit later this yr.
- July 29, 10 a.m.: The U.S. Bureau of Labor Statistics releases June U.S. labor market information (the JOLTS report).
  - Job Openings Est. 7.55M vs. Prev. 7.7691M
  - Job Quits Prev. 3.293M
- July 29, 10 a.m.: The Convention Board (CB) releases July U.S. shopper confidence information.
  - CB Client Confidence Est. 95.8 vs. Prev. 93
- July 30, 8 a.m.: Mexico’s Nationwide Institute of Statistics and Geography releases (preliminary) Q2 GDP development information.
  - GDP Progress Price QoQ Est. 0.4% vs. Prev. 0.2%
  - GDP Progress Price YoY Est. -0.1% vs. Prev. 0.8%
- July 30, 8:30 a.m.: The U.S. Bureau of Financial Evaluation (BEA) releases (advance estimate) Q2 GDP information.
  - GDP Progress Price QoQ Est. 2.4% vs. Prev. -0.5%
  - GDP Value Index QoQ Est. 2.4% vs. Prev. 3.8%
  - GDP Gross sales QoQ Prev. -3.1%
  - PCE Costs QoQ Prev. 3.7%
  - Actual Client Spending QoQ Prev. 0.5%
- July 30, 9:45 a.m.: The Financial institution of Canada (BoC) publicizes its financial coverage choice and publishes the quarterly Financial Coverage Report. The press convention follows at 10:30 a.m. Livestream link.
  - Coverage Curiosity Price Est. 2.75% Prev. 2.75%
- July 30, 2 p.m.: The Federal Reserve publicizes its financial coverage choice. Federal funds charges are anticipated to stay unchanged at 4.25%-4.50%. Chair Jerome Powell’s press convention follows at 2:30 p.m.
- July 30, 5:30 p.m.: Brazil’s central financial institution, Banco Central do Brasil, publicizes its financial coverage choice.
  - Selic Price Est. 15% vs. Prev. 15%
Earnings (Estimates primarily based on FactSet information)
- July 29: PayPal Holdings (PYPL), pre-market, $1.30
- July 30: Robinhood Markets (HOOD), post-market, $0.31
- July 31: Coinbase World (COIN), post-market, $1.39
- July 31: Reddit (RDDT), post-market, $0.19
- July 31: Sequans Communications (SQNS), pre-market
- Aug. 5: Galaxy Digital (GLXY), pre-market, $0.19
- Aug. 7: Block (XYZ), post-market, $0.67
- Aug. 7: Coincheck (CNCK), post-market
- Aug. 7: Hut 8 (HUT), pre-market, -$0.08
- Aug. 27: NVIDIA (NVDA), post-market, $1.00

Token Occasions

Governance votes & calls
- Aavegotchi DAO is voting on funding three new features for the official decentralized utility: a Wearable Lendings UI, Gotchis Batch Lending and a BRS Optimizer. Voting ends July 29.
- Stability DAO is voting on deploying Balancer v3 on HyperEVM. Voting ends July 29.
- Euler DAO is voting to activate presently disabled charges within the Euler Lending protocol. Voting ends July 30.
- NEAR Protocol is voting on potentially reducing NEAR’s inflation from 5% to 2.5%. Two-thirds of validators should approval the proposal for it to go, and if that’s the case it may very well be carried out by late Q3. Voting ends Aug. 1.
- Compound DAO is voting to select its next Security Service Provider (SSP). Delegates are selecting between ChainSecurity & Certora, and Cyfrin. Voting ends Aug. 5.
- July 29, 10 a.m.: Ether.fi to host a bi-quarterly analyst call.
Unlocks
- July 31: Optimism (OP) to unlock 1.79% of its circulating provide value $24 million.
- Aug. 1: Sui (SUI) to unlock 1.27% of its circulating provide value $173.78 million.
- Aug. 2: Ethena (ENA) to unlock 0.64% of its circulating provide value $25.17 million.
- Aug. 9: Immutable (IMX) to unlock 1.3% of its circulating provide value $14.34 million.
- Aug. 12: Aptos (APT) to unlock 1.73% of its circulating provide value $53.61 million.
Token Launches
- July 29: Spheron Community (SPON) to be listed on MEXC, Bitget, Gate.io and others.

Conferences

The CoinDesk Policy & Regulation conference (previously often called State of Crypto) is a one-day boutique occasion held in Washington on Sept. 10 that enables basic counsels, compliance officers and regulatory executives to satisfy with public officers chargeable for crypto laws and regulatory oversight. House is proscribed. Use code CDB10 for 10% off your registration by Aug. 31.

Day 2 of two: TWS Conference 2025 (Singapore)
Aug. 6-7: Blockchain.Rio 2025 (Rio de Janeiro, Brazil)
Aug. 6-10: Rare EVO (Las Vegas)
Aug. 7-8: bitcoin++ (Riga, Latvia)
Aug. 9-10: Baltic Honeybadger 2025 (Riga, Latvia)
Aug. 9-10: Conviction 2025 (Ho Chi Minh Metropolis, Vietnam)

Token Discuss

By Shaurya Malwa

CryptoPunks posted $24.6 million in weekly buying and selling quantity, the very best since March 2024 and 416% greater than the prior week.
The ground value jumped to 47.5 ETH from 40 ETH and the typical sale value climbed to $182,000 from $140,000, signaling sturdy demand for higher-end Punks.
The rally was seemingly triggered by GameSquare’s $5.15 million acquisition of Punk #5577, considered one of simply 24 Ape Punks, which the agency bought utilizing newly issued most well-liked shares.
GameSquare (GAME), the Nasdaq-listed mother or father of FaZe Clan, grew to become the primary public firm to finance an NFT acquisition with fairness, valuing the Punk at ~3x the ground on the time of buy.
The transaction reframed the Punk as a yield-bearing treasury asset, sparking renewed institutional and high-net-worth curiosity throughout the gathering.
The deal successfully positioned CryptoPunks as balance-sheet worthy collectibles, triggering recent bids and elevating the profile of NFTs as corporate-grade digital belongings.
The sharp revaluation of blue-chip NFTs might create a story tailwind for different top-tier collections as company treasuries discover non-traditional digital shops of worth.

Derivatives Positioning

XRP’s perpetual futures open curiosity continues to drop together with the worth, indicating that the decline is led by an unwinding of bullish lengthy bets fairly than recent shorts.
World futures open curiosity in BTC and ETH stays elevated close to a document $80 billion and $58 billion, respectively, suggesting scope for value volatility.
The so-called altcoin season appears to have fizzled out as BTC’s annualized perpetual funding price of 10% exceeds that of XRP and different prime altcoins.
Some nervousness has creeped into Deribit-listed BTC choices, the place front-end danger reversals confirmed a put bias. ETH danger reversals confirmed a bias for calls (that’s, for upside) throughout all tenors.
Block flows over the OTC community Paradigm featured a brief place within the $110K BTC put expiring on Aug. 8 and butterfly trades.

Market Actions

BTC is up 0.61% from 4 p.m. ET Monday at $118,757.92 (24hrs: -0.12%)
ETH is up 2.24% at $3,872.65 (24hrs: -0.6%)
CoinDesk 20 is up 1.07% at 4,038.53 (24hrs: -1.92%%)
Ether CESR Composite Staking Price is up 4 bps at 2.9%
BTC funding price is at 0.0153% (16.7535% annualized) on Binance

DXY is up 0.11% at 98.74
Gold futures are up 0.42% at $3,323.90
Silver futures are up 0.36% at $38.36
Nikkei 225 closed down 0.79% at 40,674.55
Cling Seng closed down 0.15% at 25,524.45
FTSE is up 0.38% at 9,115.95
Euro Stoxx 50 is up 0.96% at 5,388.73
DJIA closed on Monday down 0.14% at 44,837.56
S&P 500 closed unchanged at 6,389.77
Nasdaq Composite closed up 0.33% at 21,178.58
S&P/TSX Composite closed down 0.32% at 27,405.42
S&P 40 Latin America closed down 1.65% at 2,573.40
U.S. 10-Yr Treasury price is down 1 bps at 4.41%
E-mini S&P 500 futures are up 0.22% at 6,437.00
E-mini Nasdaq-100 futures are up 0.39% at 23,581.75
E-mini Dow Jones Industrial Common Index are up 0.14% at 45,073.00

Bitcoin Stats

BTC Dominance: 61.25% (-0.24%)
Ether to bitcoin ratio: 0.03259 (1.34%)
Hashrate (seven-day shifting common): 933 EH/s
Hashprice (spot): $59.21
Whole Charges: 4.20 BTC / $498,556
CME Futures Open Curiosity: 141,550 BTC
BTC priced in gold: 35.7 oz
BTC vs gold market cap: 10.11%

Technical Evaluation

The greenback index is probing the Ichimoku cloud resistance, having bottomed out close to 97 this month.
A transfer above the cloud is required to substantiate the bullish shift in momentum, failing which, the broader downtrend will seemingly resume.

Crypto Equities

Technique (MSTR): closed on Monday at $403.8 (-0.51%), +1.14% at $408.39 in pre-market
Coinbase World (COIN): closed at $379.49 (-3.11%), +0.53% at $381.50
Circle (CRCL): closed at $185.36 (-3.89%), +1.63% at $188.39
Galaxy Digital (GLXY): closed at $29.6 (-3.24%), +1.52% at $30.05
MARA Holdings (MARA): closed at $17.16 (-0.52%), +0.99% at $17.33
Riot Platforms (RIOT): closed at $14.51 (-0.21%), +0.34% at $14.56
Core Scientific (CORZ): closed at $13.74 (-0.11%), unchanged in pre-market
CleanSpark (CLSK): closed at $12.03 (+1.78%), +0.42% at $12.08
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $26.13 (-1.62%), -0.8% at $25.92
Semler Scientific (SMLR): closed at $39.25 (+3.07%), +1.27% at $39.75
Exodus Motion (EXOD): closed at $33.21 (+0.58%), -1.36% at $32.76
SharpLink Gaming (SBET): closed at $20.92 (-4.84%), -0.65% at $20.79

ETF Flows

Spot BTC ETFs

Every day web flows: $157.1 million
Cumulative web flows: $54.95 billion
Whole BTC holdings ~1.07 million

Spot ETH ETFs

Every day web flows: $65.2 million
Cumulative web flows: $9.42 billion
Whole ETH holdings ~3.86 million

Supply: Farside Investors

In a single day Flows

Chart of the Day

Fartcoin longs, or bullish bets, value over $11 million have been liquidated Monday, the most important tally for the yr.
Shorts, or bets on declines, accounted for a small portion of whole liquidations, an indication leverage was closely skewed bullish in anticipation of a continued value rise.

Whereas You Have been Sleeping

Billionaire Ray Dalio Backs 15% Allocation to Bitcoin and Gold Amid U.S. Debt Spiral (CoinDesk): The shift from sticking 2% in these belongings to fifteen% displays concern over hovering U.S. borrowing wants and greenback debasement, pushed by $12 trillion in projected Treasury issuance over the following yr.
Bitcoin Demand Shift: Coinbase’s 60-Day BTC Premium Streak Is at Risk (CoinDesk): This premium, which measures value divergence with Binance, turned unfavourable Tuesday for the primary time since late Could, signaling weaker U.S. institutional demand and supporting the case for a deeper pullback.
A Divided Fed Eyes Future Rate Cuts but Won’t Move This Week (The Wall Avenue Journal): FOMC members are break up between reducing now, ready for extra information or holding out for clear weak spot, with most preferring to evaluation July and August inflation and jobs information earlier than deciding.
China Crypto Firm Bitmain Plans First U.S. Factory in Trump Gambit (Bloomberg): The chief in bitcoin mining {hardware} plans to open a facility in Texas or Florida this quarter, aligning with Trump’s “Made in America” push whereas aiming to raised serve U.S. purchasers.
Colombia Ex-President Uribe Guilty of Abuse of Process, Bribery of Public Official (Reuters): Colombia’s former chief, now the primary ex-president convicted in a legal court docket, faces sentencing Friday, 10 months forward of the 2026 presidential election, the place a number of of his allies are working for workplace.
CoinShares Launches Zero-Fee SEI ETP With Staking Yield Across Europe (CoinDesk): Listed on Switzerland’s SIX alternate, the product makes it simpler for European establishments to entry SEI and launches shortly after CoinShares grew to become the primary agency licensed underneath Europe’s new MiCA framework.