Powell’s Early Warning for a July Rate Cut
Federal Reserve Chairman Jerome Powell announced in July that a rate cut is not yet on the agenda. Powell stated that uncertainties in the economy continue and the effects of policy changes are not yet fully clear. For this reason, he emphasized that the Fed wants to better observe economic developments and will not act hastily.
Powell said that the tariffs implemented by Trump could have short-term or permanent effects on inflation. Fed officials, on the other hand, predict that price increases will be reflected on consumers in the summer months. While economists and market players state that a rate cut in July is unlikely, the Fed is expected to make two rate cuts by the end of the year.
US Senate Releases Policy Package for Crypto Market Regulation
Republican members of the Senate Banking Committee announced a new set of principles to guide the creation of a comprehensive regulatory framework for digital asset markets. The principles call for clarifying the legal status of digital assets, clarifying regulatory jurisdictions, and developing oversight approaches that support innovation. They also emphasize targeted anti-money laundering measures and regulators’ adaptation to technological developments.
This step comes amid Democrats’ efforts to curb potential interests in digital assets by the Trump family and ongoing regulatory debates in Congress. On the same day, a subcommittee hearing with the committee discussed bills that have received bipartisan support, including Coinbase and Multicoin Capital. On the other hand, some new bills, such as the COIN Act, aim to ban the president and his family from making crypto profits while in office.
SharpLink Gaming Increases Ethereum Treasury to 188,478 ETH
SharpLink Gaming increased its total Ethereum holdings to 188,478 ETH by making a new purchase of 12,207 ETH in mid-June. The company financed the $30.7 million purchase with $27.7 million in funding from the sale of shares. With this step, the company’s ETH reserves reached approximately $470 million, positioning itself as the largest Ethereum holder among publicly traded companies.
Further expanding its Ethereum strategy, SharpLink also completed a $450 million private funding round in early June, which included major investors such as ConsenSys, Galaxy, and Pantera Capital. The addition of Ethereum co-founder and ConsenSys CEO Joseph Lubin to the board as chairman also drew attention. The company has won 120 ETH rewards from the ETH assets it has staked so far, while reporting a 19% increase in the amount of ETH per share.
Mastercard and Chainlink Partnership Offer Crypto Purchase Opportunity to 3 Billion Users
Mastercard offers its more than 3 billion users the opportunity to purchase crypto assets directly on the blockchain thanks to its partnership with Chainlink. The integration, supported by Web3 partners such as Shift4 Payments, Swapper Finance, XSwap, and ZeroHash, aims to make the transition from fiat to crypto more secure and accessible. ZeroHash will provide onchain liquidity management and service infrastructure, while Swapper Finance’s non-custodial wallet model and account abstraction technology simplify the user experience.
The move is the latest in Mastercard’s growing interest in crypto assets. The company has previously signed crypto card projects with MetaMask and Kraken, tokenizing 30% of its transactions by 2025. Rival Visa has announced its own Web3 digital asset platform in partnership with Coinbase. Mastercard CEO Raj Dhamodharan said the move will significantly accelerate crypto adoption globally.
Metaplanet Raises $517 Million to Buy More Bitcoin
Japanese investment firm Metaplanet has announced plans to expand its Bitcoin buying strategy by raising $517 million in capital in a single day. The company’s aggressive investment move follows US-based Strategy’s model of adopting Bitcoin as a balance sheet asset.
Metaplanet, which announced at the beginning of the week that it would inject $5 billion of capital into its US subsidiary, is drawing attention with its global expansion and aim to create a Bitcoin-focused treasury model. With this latest funding round, the company has signed one of the largest institutional capital movements focused on Bitcoin investment in Japan.
South Korea’s KB Bank Makes Stablecoin Move
South Korea’s largest bank KB Kookmin has filed 17 different trademark applications for stablecoins ahead of the won-based stablecoin consortium it plans to launch with eight of the country’s leading banks. The applications cover digital currency software and blockchain-based transaction management software.
The move, spearheaded by KB, comes at a time when legal regulations in the country are evolving to encourage stablecoins. The consortium is expected to be officially announced in late 2025 or early 2026. This move, combined with President Lee Jae Myung’s supportive policies for stablecoins and messages of cooperation with the private sector, could mark a significant turning point in South Korea’s digital finance strategy.
US Considers Cryptos as Mortgage Collateral
The US Federal Housing Finance Agency (FHFA) has announced that it has begun investigating whether digital assets such as Bitcoin could be considered as collateral in mortgage application processes. According to an announcement made by FHFA Director Bill Pulte on July 24, the agency has officially launched this assessment process. The move is seen as an important signal that crypto assets will be expanding their role in traditional financial systems.
To date, mortgage assessments have generally considered savings accounts, retirement funds, and publicly traded securities as collateral, while crypto assets have been excluded due to volatility and regulatory uncertainty. The FHFA’s review could initiate a significant transformation in the process by allowing digital assets to be recognized as potential collateral. The increasing regulatory clarity towards digital assets, especially with the Trump administration, paves the way for such steps. Industry representatives, on the other hand, consider this move an important development in overcoming the obstacles crypto investors face in accessing credit.
ProCap Purchases $395 Million in Bitcoin
ProCap, the Bitcoin treasury company founded by Anthony Pompliano, added $395 million in assets to its balance sheet by purchasing 3,724 BTC. The purchase comes on the heels of the company’s $1 billion SPAC merger announcement with Columbus Circle Capital.
ProCap plans to put Bitcoin at the center of its long-term strategy as a public company. Like Strategy, led by Michael Saylor, ProCap has joined the ranks of companies holding BTC on their balance sheets, with the number of companies in this area increasing by 13% in the last month to 245.
UK-Based Smarter Web Company’s BTC Assets Exceed 500
UK-based The Smarter Web Company has purchased an additional 196.9 BTC for approximately $20 million, bringing its total Bitcoin holdings to 543.5 BTC. The company reached a BTC portfolio of $56.8 million after this purchase, which it made at an average cost of $103,290.
The company, which announced its strategy to switch to a Bitcoin treasury in April, saw its shares increase by nearly 20,000%, followed by a 50% correction. The company, which is traded on the Aquis stock exchange, has grown rapidly and become the UK’s largest publicly held company with a Bitcoin treasury. The company continues its strategy with consultancy UTXO Management.
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BITCOIN (BTC)
BTC is trading at $ 106,120 as of the morning hours with a 0.04% gain in value. The price is trying to maintain permanence just above the 105,984 resistance. If this zone is exceeded, 107,827 and the triangle upper band of 109,350 can be followed as the next resistance zones.
In possible downward corrections, 103,502 and 101,411 levels stand out as intermediate support below the 105,984 support.
ETHEREUM(ETH)
ETH is priced at $ 2,430 as of the morning hours with a 0.74% loss in value. The price is currently moving in the strong horizontal resistance area of the $ 2,392 – $ 2,466 band. This band is of critical importance as it has worked as both support and resistance in recent weeks.
In an upward break, the $ 2,590 and $ 2,730 levels can be watched as the next resistance. If the downward pressure increases, the first strong support is $ 2,392, and below this level, $ 2,285 comes to the fore. While the ETH price continues to be squeezed in this range, the breakout direction may determine the upcoming short-term price movement.
RIPPLE (XRP)
XRP is priced at $ 2.17 as of the morning hours with a 0.69% loss in value. The price experienced a limited pullback after being rejected from the $ 2.2122 resistance. This level continues to work as a strong resistance in the short term.
If the pullback continues, the $ 2.1304 – $ 2.0865 range stands out as the first support zone. This area, which is particularly marked as the green zone, was a region where buyers stepped in in the past. In order for an upward movement to regain momentum, it is important to overcome and maintain the 2.2122 resistance. In this scenario, the 2.2737 and 2.3378 levels can be followed as the next resistance.
AVALANCHE(AVAX)
AVAX is trading at $ 18.03 as of the morning hours with a 1.15% loss in value. The first resistance zone for the continuation of upward movements is at $ 18.45. Unless this level is exceeded, increases may remain limited. The upper resistances are at $ 19.24 and $ 20.01, respectively. In downward movements, the first support point is $ 17.63, and if it declines below this, $ 16.86 and $ 15.60 levels can be followed as critical support areas.
SOLANA(SOL)
SOL is traded at $ 145.50 as of the morning hours with a 0.30% loss in value. The first resistance level for the upward movement to continue stands out as $ 149.10. If this level is maintained, resistances at $ 157.75 and $ 164.12 may come to the fore. In possible downward corrections, the $ 141.80 level can be watched as the first support. Below this level, the $ 134.83 and $ 124.27 bands stand out as strong support areas.
