White House Releases Report Proposing Crypto Regulations
The White House has released its 168-page report containing proposed regulations for digital assets. Prepared by the Presidential Working Group on Digital Asset Markets, the report addresses topics such as stablecoins, crypto taxes, decentralized finance (DeFi), and the establishment of a digital asset reserve. The working group also urges Congress to approve the right of individuals to store their crypto assets without intermediaries.
One of the report’s most prominent recommendations is the establishment of a system called the Digital Asset Reserve. This reserve would be managed by the Treasury Department, and digital assets would only be acquired through forfeitures. It also emphasizes the need to establish a federal regulatory framework for stablecoins and the establishment of a regulatory structure for the crypto market. These initiatives aim to encourage the integration of digital assets into the American financial system and support innovation.
Fed Leaves Interest Rates Unchanged, Powell Makes Hawkish Statements
At a press conference on Wednesday, Federal Reserve (Fed) Chair Jerome Powell said that inflation could rise due to US President Trump’s tariffs and that they had not yet made a decision on the September meeting. Powell, noting that there are various forecasts, noted that mine is restrictive. This statement was received negatively by the markets.
Bitcoin fell 2% sharply following Powell’s statements, falling to $115,800. Altcoins suffered larger losses, with Ether (ETH), Solana (SOL) and XRP losing around 4%. The Fed has decided to keep interest rates at a range of 4.25%-4.5%, but Powell maintained his hawkish stance on rate hikes.
Cboe Submits Application for Automatic Listing of Crypto ETFs
Cboe BZX Exchange has proposed a new rule change to allow the automatic listing of crypto ETFs that meet certain criteria without requiring SEC approval. This change aims to speed up the process by eliminating the need for separate approvals for each spot Bitcoin or Ethereum ETF.
The proposal aims to create a standardized framework for digital assets and would enable the rapid listing of funds that meet criteria such as secure custody, pricing mechanisms, and daily asset disclosures. Cboe aims to make crypto ETFs more accessible by reducing the current complex and political processes.
The Ether Machine Acquires Another 15,000 ETH, Surpassing the Ethereum Foundation
The Ether Machine has acquired 15,000 ETH, bringing its total holdings to 334,757 ETH. This acquisition required $56.9 million, bringing the company’s total assets to surpass the Ethereum Foundation’s holdings of 234,000 ETH. The company plans to spend an additional $407 million.
The company stated that it made this strategic acquisition to celebrate Ethereum’s 10th anniversary. The Ether Machine aims to further accumulate ETH, viewing it as a long-term asset and the foundation of a new internet economy. The company, which plans to go public on Nasdaq under the symbol ETHM in the fourth quarter of this year, aims to raise $1.6 billion through this process.
Visa Takes $200 Million Step on Its Stablecoin Journey
Visa announced that it processed over $200 million worth of stablecoin transactions in the second quarter of 2025. The company stated that it increased transaction volume with its stablecoin payment system, which is open 7 days a week. CEO Ryan McInerney said that this growth is significant but still modest compared to the company’s total transaction volume.
While Visa sees the potential of stablecoins in global payments, it noted that gaining regulatory clarity is critical to their wider adoption. McInerney stated that regulatory developments in the US and other regions hold promise for increasing the use of tokenized payment systems.
Robinhood Shows Strong Performance in Q2 Even as Crypto Revenue Declines
Robinhood outperformed expectations in the second quarter of 2025, generating $989 million in revenue, beating analysts’ estimates of $913 million. The company reported $386 million in quarterly profit, a $50 million increase year-over-year. Robinhood shares have gained 184% since the beginning of the year and are trading around $105.
However, the company’s crypto trading revenue fell 36% from the previous quarter to $160 million. Crypto revenue increased 98% year-over-year, while revenue from stocks and options trading rose. Robinhood aims to continue its international growth by focusing on cryptocurrency developments and improving the Ethereum Layer-2 network.
Polygon Heimdall V2 Mainnet Down Due to Consensus Error
The Polygon blockchain experienced an issue with its Heimdall V2 system on Wednesday. The outage, which began around 9:30 a.m. UTC, lasted about an hour before services were restored. The Polygon team stated that the issue was caused by a consensus error related to a validator exit. However, the Boron layer (responsible for block production and transaction processing) was not affected by the outage.
Following the outage, conversations with RPC providers indicated that some computers were out of synchronization. This issue did not affect user transactions, and no data was lost. Polygon announced that the issue will be resolved to ensure the correct presentation of current data.
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BITCOIN (BTC)
Bitcoin is trading at $ 118,322 with a 0.40% gain as of the morning hours. BTC, which retreated to $ 115,820 with the decline that occurred yesterday evening, started the new day positively. For BTC, which is moving above $ 118,175, the $ 120,217 level can be targeted in a positive trend. If BTC, which has been unable to break this level for a long time, breaks this level, the $123,000 region can be targeted.
If there is selling pressure, the $118,175 and $115,820 levels can be expected to work as support.
ETHEREUM(ETH)
ETH is priced at $3,860 as of the morning hours with a 1.33% gain in value. ETH tested the $3,670 levels yesterday. With the encounter with buyers in this region, it is moving just below the 3,867 resistance in the morning hours. Breaking this level and maintaining stability above it will be important for a positive trend. Then, the $3,988 and $4,100 levels can be targeted.
In case of possible pullbacks, while 3,671 is the first support level, it can be expected to work as support after the $ 3,544 level.
RIPPLE(XRP)
XRP is priced at $3.13 as of the morning hours with a 1.35% gain in value. If it breaks above the $3.14 level, the price may rise to $3.24. If this level is exceeded, the $3.33 and $3.40 levels can be watched as higher targets.
However, staying below the $3.14 level may cause the price to decline towards the $3.00 level. Below this level, $2.96 should be watched as an important support level.
AVALANCHE(AVAX)
AVAX is trading at $23.92 levels with a 2.62% gain as of the morning hours. The price seems to have recovered quickly after yesterday’s declines. It found a strong support level at $22.59 and buying seems to have come into play at this level. As long as it stays above $23.92 for the moment, a rise towards $24.79 levels can be expected. If this level is broken, $25.37 and $26.08 can be watched as target levels.
However, if it breaks below the $23.92 level, the $23.22 and $22.59 support levels can be tested again. These support levels may prevent the price from falling in downward movements.
SOLANA(SOL)
SOL is trading at $180 levels with a 1.67% gain as of the morning hours. The price has recovered after the declines in the previous days. It found strong support at $170. If it continues to rise, the price is likely to head towards the $184.95 and $193.06 levels. These levels can be watched as potential resistance points for SOL.
However, a decline below the $177.70 level could retest the $169.55 support levels.
