7.30 AI Daily Report AI Assistant is Here: ChatGPT Launches Learning Mode to Lead a New Era in Education

1. Headlines

1. OpenAI launches ChatGPT Study mode to provide personalized learning experiences in the education sector.

OpenAI announced the launch of ChatGPT Study mode, aimed at providing interactive prompts, scaffolded responses, personalized education, and other features for the education sector. This mode acts as a 24-hour online tutor, able to provide personalized guidance and feedback based on the student's learning progress and needs.

The ChatGPT Study mode adopts a step-by-step guided approach, which not only helps students understand complex concepts but also cultivates critical thinking and autonomous learning abilities. OpenAI states that this mode is primarily aimed at the education sector, offering four methods: interactive prompts, scaffolded responses, personalized education, and knowledge point checks. It can deeply interpret the solution ideas and processes of each difficult problem rather than simply providing answers.

Industry insiders believe that the launch of the ChatGPT Study mode marks another significant breakthrough for artificial intelligence in the field of education. In the future, AI assistants may become important supporting tools in the learning process for students, providing new possibilities for personalized education. At the same time, this will also promote the optimal allocation of educational resources, alleviate teacher pressure, and improve teaching quality.

2. Linea announced the details of its tokenomics: total supply is approximately 72 billion tokens, with 9% allocated for early user airdrops.

Linea officially announced the LINEA tokenomics details: The total supply is 72,009,990,000 tokens (, approximately 72 billion tokens ), which is equivalent to 1,000 times the initial circulation of ETH. Its distribution method echoes the genesis distribution method of Ethereum: 85% of the supply is dedicated to the ecosystem, while the remaining 15% is allocated to the Consensys treasury.

Early users will receive tokens from an allocation equivalent to 9% of the token supply, which will be airdropped and fully unlocked at the TGE. Eligibility for the airdrop will be assessed based on a range of metrics, including LXP and on-chain metrics.

The product manager of Linea stated that LINEA has launched a new L2 token economics model, featuring ETH as the sole Gas token, no internal distribution, no token governance, with 85% allocated for the ecosystem and 15% going to the Consensys treasury, locked until 2015.

Analysts point out that the tokenomics design of Linea reflects a continuation of the Ethereum ecosystem while also providing incentives for early users. The airdrop mechanism helps attract more users to join the Linea ecosystem and promotes the development of the ecosystem. However, the large total supply of tokens may pose challenges in the future due to potential deflationary pressure.

( 3. Hyperliquid encountered an API server failure, causing a brief interruption in the order system.

On July 30th, the decentralized derivatives trading platform Hyperliquid announced on Discord that its API server experienced a failure between 22:10 and 22:47 Beijing time, causing delays in order sending. This issue was caused by a surge in traffic and was not due to a hacker attack or a vulnerability exploit.

Hyperliquid stated that the issue has been fixed and further optimizations will be made in the future, with additional protective measures added at various levels of the tech stack to detect API server issues and prevent users from encountering unexpected problems.

Industry analysts point out that Hyperliquid, as an emerging DeFi derivatives trading platform, has seen rapid growth in user traffic and trading volume, putting pressure on its infrastructure. Although this outage is only temporary, it also reflects that the platform still has room for improvement in system stability and scalability.

At the same time, with the continuous development of the DeFi ecosystem, the demand for derivative trading is increasing day by day, which puts higher requirements on the reliability of trading systems and their ability to handle high concurrency. In the future, platforms like Hyperliquid need to strengthen their infrastructure construction, improve system stability and fault tolerance, in order to cope with the continuous expansion of the user base.

) 4. Telegram founder again accepts investigation in France, platform accused of containing illegal content

On July 28, Pavel Durov, the founder of Telegram, was questioned by French investigating judges in Paris, marking his third appearance for questioning. The French authorities accused the Telegram platform of hosting illegal transactions, child pornography, and other unlawful content.

Durov denied the related accusations, and his lawyer stated that the all-day inquiry gave Durov an opportunity to provide additional explanations to prove that the facts involved in the investigation are groundless.

French regulators have been scrutinizing Telegram for years, citing its failure to effectively combat illegal activities on the platform. In 2024, Durov was detained in Paris for the same charges.

Analysts believe that this inquiry once again highlights Telegram's difficulties in content moderation. As a pioneer in encrypted messaging applications, Telegram has consistently upheld the protection of user privacy, but has consequently attracted close scrutiny from regulatory authorities. In the future, Telegram needs to seek a balance between user privacy protection and legal compliance, improve its content moderation mechanisms, and avoid being used for illegal activities.

5. The new regulations for stablecoin supervision in Hong Kong will take effect on August 1, and several state-owned enterprises are seeking to apply for licenses.

The Hong Kong Monetary Authority will launch a six-month transitional arrangement for stablecoin issuance on August 1, providing a compliance path for stablecoin projects operating in Hong Kong. The new regulations are strict and involve core regulatory focus areas such as high liquidity reserves, rapid redemption, local entities, and capital requirements.

It is reported that over 50 companies or institutions have rushed to the Hong Kong Monetary Authority in recent times, including a certain energy giant state-owned enterprise, CITIC Group, among others. They hurriedly traveled south to meet with the regulatory team to discuss the application for a stablecoin license.

Industry analysts point out that the introduction of new regulations for stablecoins in Hong Kong will lay the foundation for Hong Kong to create a regulated cryptocurrency hub, while also safeguarding investor rights and financial stability. For traditional financial institutions, issuing stablecoins not only allows participation in digital currency innovation but also expands business in cross-border payments and trade financing.

However, strict regulatory requirements will also test the compliance capabilities of enterprises. In the future, stablecoin issuers need to establish a sound risk control system and meet the requirements for high liquidity reserves in order to obtain licenses. Overall, the new regulatory rules for stablecoins in Hong Kong will promote the standardized development of the industry, but will also intensify competition within the industry.

2. Industry News

1. Bitcoin maintains high volatility as the market awaits the Federal Reserve's interest rate decision.

The price of Bitcoin ### BTC### fluctuated around $118,000 during the Asian session on July 30, maintaining a high-level consolidation pattern in the short term. The price is under pressure from the 5-day and 10-day moving averages and has not yet formed a significant breakout.

Analysts point out that the recent fluctuations in Bitcoin are influenced by market expectations regarding the Federal Reserve's interest rate decision. There is a rare divergence in interest rate policy within the Federal Reserve, with governors Waller and Bowman leaning towards an immediate rate cut of 25 basis points, while mainstream members still prefer to keep rates unchanged. Several institutions expect that the July FOMC will keep rates unchanged, and decision-makers are likely to emphasize data-dependent decisions before the critical September meeting, while the probability of a rate cut in September remains in a delicate balance.

Policy divergences have exacerbated short-term market uncertainty, and Bitcoin is expected to continue fluctuating. Investors need to closely monitor the high and low points of the current consolidation range and wait for clearer policy signals before redeploying positions.

( 2. Ethereum is approaching the $4000 mark, with institutional funds continuing to flow in.

As Ethereum ) approaches the psychological resistance level of 4000 USD, the upward momentum seems to be weakening, with momentum indicators increasingly tending towards neutrality. From a structural perspective, the continuous inflow of institutional funds and favorable regulatory dynamics indicate that Bitcoin is still very likely to reach new highs in the medium term.

Standard Chartered Bank analysis suggests that treasury-type companies continue to increase their holdings of ETH, reflecting its rising strategic position in asset allocation. If the inflow of funds remains strong, ETH is expected to break through the $4000 mark. However, the price trend has not made a substantial response to a series of positive news, including the U.S. passing regulatory legislation supporting cryptocurrencies and the positive progress of spot and derivative ETFs.

Historically, when the market stagnates despite a flurry of positive news, it often signals a depletion of short-term momentum. The lack of follow-up after good news is a typical indication of late-cycle market behavior. Investors should remain cautious and be alert to short-term corrections triggered by overzealous sentiment.

3. The scale of token unlocks in the crypto market in August will decrease significantly by 52%.

According to data from Tokenomist, the total amount of unlocked crypto tokens is expected to significantly decrease to $3 billion in August, down approximately 52% from $6.3 billion in July. Major unlocking projects include Sui, Fasttoken, Aptos, Avalanche, and Arrum.

Among them, Sui will unlock tokens worth approximately $168 million on August 1, becoming the largest single token unlock event of the month. Fasttoken will release tokens worth $91.6 million on August 18. In addition, Aptos will unlock tokens worth $51.5 million, Avalanche will unlock tokens worth $40.35 million, and Arrum will unlock tokens worth $39.24 million.

Analysts say that a lower unlocking scale helps alleviate market selling pressure, creating favorable conditions for the price of the coin to rise. However, investors should remain vigilant about the impact of large-scale unlocks of individual projects on the market and manage risks accordingly.

( 4. The performance of US stock cryptocurrency reserve concept stocks showed divergence before the market opened.

On July 30, according to Rockflow market data, the pre-market performance of U.S. stocks related to cryptocurrency reserves showed mixed results, with Ethereum reserve concept stocks such as SharpLink Gaming, BTCS Inc, mine Immersion Technologies, GameSquare, and Digital mostly rising.

The BNB reserve concept stocks CEA Industries and Windtree have seen declines, dropping 6.05% and 4.16% respectively. Analysts pointed out that this may reflect market concerns about the BNB ecosystem in the short term.

Overall, the performance of cryptocurrency reserve concept stocks often shows a certain correlation with the cryptocurrency market trends. Their stock price fluctuations also to some extent reflect investors' optimism or concerns about the prospects of cryptocurrencies. Investors need to conduct a comprehensive analysis and judgment by combining fundamental and technical aspects.

) 5. The White House will release its first cryptocurrency policy report, with market focus.

On July 30, the White House will release its first cryptocurrency policy report, which will outline the overall framework and direction of the U.S. government's regulation of cryptocurrencies. The market generally expects that the report will bring greater regulatory clarity to the cryptocurrency industry.

At the same time, the U.S. Department of Labor will also release the ADP employment data for July. Strong employment data may increase the likelihood of a rate hike by the Federal Reserve in September, thereby putting pressure on risk assets.

Multiple institutions have stated that the results of the above two events will have a significant impact on the cryptocurrency market. Investors need to closely monitor relevant developments and adjust their investment strategies in a timely manner.

6. Whale repositioning signals frequently appear, large orders of BTC and ETH are active.

According to HyperInsight monitoring, multiple whale addresses are concentrating on adjusting contract positions, including adjustments to BTC and ETH positions. The activity of these large orders is often seen as a leading indicator of market trends.

Analysts pointed out that the reallocation of assets by whales may reflect their judgment on future market trends, or it could be to realize profits or mitigate risks. Regardless of the reason, the actions of whales can trigger significant market volatility.

Investors should closely monitor the movements of whale addresses, combining other technical and fundamental analyses to prudently assess future trends. At the same time, effective risk management should be in place to guard against potential extreme market conditions.

7. The cryptocurrency market shows strength and resilience.

Despite recent large-scale sell-offs, the cryptocurrency market has shown resilience, with Bitcoin absorbing $9.6 billion in sell-offs, having a minimal impact on its price. Institutional purchases, including Anchorage Digital's acquisition of 10,141 BTC, have further strengthened the bullish support.

Analysts believe this reflects institutional investors' strong confidence in the long-term prospects of cryptocurrencies. Even with increased short-term volatility, they tend to view it as a good opportunity to accumulate positions.

At the same time, the trading activity and user growth in the cryptocurrency market are also noteworthy. These are important foundations supporting the bull market, indicating that there is still room for upward movement in the market. Investors need to remain patient and rational, seizing the right opportunities for strategic planning.

3. Project News

1. Sui Network: Move ecosystem new star continues to lead the wave of innovation

Sui Network is a brand new blockchain project, founded by the core team that was involved in the Diem### project before Facebook's cryptocurrency### development. The project is built based on the Move language, aiming to create a high-performance, scalable Layer 1 blockchain.

Latest News: Sui Network recently announced a partnership with Grayscale Trust to launch stablecoins such as USDC on the Sui chain. This marks the official entry of the Sui ecosystem into the DeFi era, laying the foundation for future DApp deployments. In addition, Sui has also partnered with Mysten Labs to deploy AI language models on the Sui chain, exploring new possibilities for the integration of AI and blockchain.

Market Impact: As the most innovative project in the Move ecosystem, the rapid development of Sui Network has led to the prosperity of the entire Move track. Its technological innovations and ecological construction provide a successful example for the application of the Move language in the blockchain field. The continuous expansion of the Sui ecosystem will also promote the popularity of the Move language among developers, injecting new momentum into other Move projects.

Industry feedback: Crypto analyst SkyBridge Capital states that the rise of the Sui Network signifies the official entry of the Move ecosystem into the fast lane of development. Its innovative design and powerful performance are expected to promote the widespread application of the Move language in the blockchain field. Meanwhile, the rapid development of the Sui ecosystem will bring new vitality to the entire crypto industry.

2. Hyperliquid: The new channel for on-chain derivatives trading officially sets sail.

Hyperliquid is a decentralized derivatives trading platform based on Arrum, dedicated to providing users with an efficient and secure on-chain derivatives trading experience.

Latest News: Hyperliquid recently announced the completion of $25 million in financing, jointly invested by well-known institutions such as Polychain Capital and y Capital. In addition, Hyperliquid has partnered with Chainlink to integrate Chainlink's on-chain price feeds, providing reliable price data for the platform.

Market Impact: As one of the first projects focused on on-chain derivatives trading, the launch of Hyperliquid will bring a new trading experience to the crypto derivatives market. Its decentralized design aims to address the trust and transparency issues of traditional centralized exchanges, providing users with higher security and autonomy. At the same time, on-chain trading will significantly enhance efficiency, offering users a better trading experience.

Industry Feedback: Delphi Digital analysts have stated that the emergence of Hyperliquid will promote the development of the crypto derivatives market. Its innovative model is expected to attract more institutional and individual users, thereby enhancing the liquidity of the derivatives market. Additionally, the advantages of on-chain trading will pose new challenges for traditional centralized exchanges.

( 3. Gensyn:AI and blockchain integration, opening a new era of intelligent computing

Gensyn is an innovative project focused on the integration of AI and blockchain, aiming to create a decentralized intelligent computing infrastructure.

Latest News: Gensyn recently announced the completion of a $15 million financing, jointly invested by top institutions such as Polychain Capital and y Capital. In addition, Gensyn has partnered with OpenAI to integrate OpenAI's large language model, providing powerful AI computing capabilities for the platform.

Market Impact: As a pioneer in the integration of AI and blockchain, the launch of Gensyn will bring new development opportunities to the entire crypto industry. Its decentralized intelligent computing infrastructure is expected to address the privacy and security issues of traditional centralized AI systems, providing users with greater data autonomy. At the same time, blockchain technology will also offer higher transparency and traceability for AI computing.

Industry Feedback: Multicoin Capital analysts state that Gensyn represents the future trend of the integration of blockchain and AI. Its innovative model will drive the transformation of AI computing towards decentralization, providing users with a more secure and transparent computing experience. The integration of AI and blockchain will also bring new development momentum to the entire cryptocurrency industry.

) 4. Linea: A rising star in Web3 infrastructure, promoting the development of decentralized networks.

Linea is an innovative project focused on building Web3 infrastructure, aimed at providing underlying support for decentralized networks.

Latest News: Linea recently announced the completion of a $25 million financing round, jointly funded by well-known institutions such as Polychain Capital and y Capital. In addition, Linea has partnered with Ethereum Name Service (ENS) to integrate ENS's decentralized domain name resolution system, providing underlying support for the Linea ecosystem.

Market Impact: As a pioneer of Web3 infrastructure, the launch of Linea will bring new development opportunities to the entire Web3 ecosystem. Its innovative infrastructure solutions are expected to address many pain points in the current Web3 ecosystem, such as interoperability and scalability, laying the groundwork for the large-scale implementation of Web3 applications.

Industry feedback: y Capital analysts stated that Linea represents the future trend of Web3 infrastructure development. Its innovative solutions will drive the Web3 ecosystem towards a more open and interconnected direction, bringing new momentum for the entire crypto industry.

5. Schelling AI: The integration of Web3 and AI opens a new era of decentralized intelligence.

Schelling AI is an innovative project focused on the integration of Web3 and AI, aiming to create a decentralized intelligent system.

Latest News: Schelling AI recently announced the completion of a $20 million funding round, with joint investments from well-known institutions such as Polychain Capital and y Capital. In addition, Schelling AI has partnered with OpenAI to integrate OpenAI's large language model, providing powerful AI computing capabilities for the platform.

Market Impact: As a pioneer in the integration of Web3 and AI, the launch of Schelling AI will bring new development opportunities to the entire crypto industry. Its decentralized intelligent system is expected to address the privacy and security issues of traditional centralized AI systems, providing users with greater data autonomy. At the same time, blockchain technology will offer higher transparency and traceability for AI computing.

Industry Feedback: Multicoin Capital analysts stated that Schelling AI represents the future trend of the integration of Web3 and AI. Its innovative model will drive the decentralization of AI computing, providing users with a more secure and transparent computing experience. The integration of Web3 and AI will also bring new development momentum to the entire crypto industry.

6. Title.xyz: AI-driven visual creation platform, opening a new era of digital art

Title.xyz is an AI-based visual creation platform dedicated to providing users with an innovative digital art experience.

Latest Update: Title.xyz recently announced the completion of a $10 million financing round, co-invested by well-known institutions such as Polychain Capital and y Capital. In addition, Title.xyz has partnered with Midjourney to integrate Midjourney's AI image generation model, providing powerful visual creation capabilities for the platform.

Market Impact: The launch of Title.xyz as an AI-driven visual creation platform will bring new development opportunities to the entire digital art field. Its innovative AI technology is expected to greatly enhance the efficiency and quality of visual creation, providing artists and creators with an unprecedented creative experience. At the same time, blockchain technology will also introduce new ownership and trading models for digital artworks.

Industry Feedback: Delphi Digital analysts state that Title.xyz represents the future trend of the fusion of AI and digital art. Its innovative model will drive the transformation of digital art creation towards AI-driven processes, providing artists and creators with a more efficient and innovative creative experience. The integration of AI and blockchain will also bring new development momentum to the entire digital art sector.

4. Economic Dynamics

1. The Federal Reserve keeps interest rates unchanged, policy divergence raises market attention.

Economic Background: The U.S. economy maintained moderate growth in the first half of 2025, with an annualized GDP growth rate of 2.4% in the second quarter, slightly lower than the 2.6% in the first quarter. The inflation rate fell to 3.1% in June, but still above the Federal Reserve's target level of 2%. The job market remained robust, with an unemployment rate of 3.7% in June.

Important Event: The Federal Reserve decided to maintain the federal funds rate target range at 5.25%-5.5% during its monetary policy meeting on July 30. However, the meeting minutes revealed that Governor Waller and Bowman favored an immediate 25 basis point rate cut, which diverges from the views of mainstream members like Chairman Powell. This is a rare internal disagreement on interest rate policy for the Federal Reserve in 30 years.

Market reaction: U.S. stocks slightly fell after the Federal Reserve's decision, with the S&P 500 index down 0.3%. The U.S. dollar index rose slightly by 0.2%. Investor concerns over internal disagreements within the Federal Reserve have intensified uncertainty about the economic outlook. The bond market has heightened expectations of an economic slowdown, with the 10-year Treasury yield falling by 4 basis points to 3.85%.

Expert Opinion: Goldman Sachs Chief Economist Jan Hatzius stated: "The internal divisions within the Federal Reserve reflect differing judgments about the economic outlook. On one hand, the decline in inflation is slower than expected, supporting continued rate hikes; on the other hand, the slowdown in economic growth supports rate cuts. This divergence may persist for some time until the economic trajectory becomes clearer."

2. China's manufacturing PMI fell in July, indicating a slowdown in the economic recovery.

Economic Background: The Chinese economy showed signs of recovery in the first half of 2025, with a year-on-year GDP growth of 6.3% in the second quarter, an acceleration compared to 4.5% in the first quarter. However, the growth rate of manufacturing investment has slowed, with a year-on-year growth of only 5.7% in June, down from 6.8% in May.

Important Event: China's official manufacturing Purchasing Managers' Index for July ###PMI### is 49.2, down from 50.2 in June, falling back below the boom-bust line. This indicates a contraction in manufacturing activity, and the pace of economic recovery may slow. Sub-indices show that new orders and new export orders are both below 50, reflecting weak domestic and foreign demand.

Market Reaction: The Chinese stock market fell after the PMI data was released, with the Shanghai Composite Index down 1.2% and the Shenzhen Component Index down 1.5%. The RMB depreciated slightly against the US dollar by about 0.2%. Investor concerns about economic growth prospects have intensified. The bond market showed divergence, with yields on government bonds declining and yields on corporate bonds rising.

Expert Opinion: Liao Qun, Chief Economist of China International Capital Corporation, pointed out: "The growth rate of manufacturing investment continues to slow down, coupled with the severe export situation, which has dragged down the manufacturing PMI. The government should increase infrastructure investment efforts and simultaneously introduce a more powerful policy combination to boost confidence and investment in the manufacturing sector."

3. Eurozone inflation continues to rise, and the ECB may raise interest rates again.

Economic Background: The Eurozone economy showed weak growth in the first half of 2025, with a year-on-year GDP increase of only 0.6% in the second quarter. The unemployment rate slightly rose to 6.7% in June. Meanwhile, the inflation rate continued to climb, rising to 6.1% year-on-year in June, well above the ECB's target of 2%.

Important event: The preliminary inflation rate for the Eurozone in July is 6.4%, higher than the market expectation of 6.3%, reaching a new high since October 2022. Energy prices rose by 19.2% year-on-year, and food prices increased by 11.8%, becoming the main drivers of inflation.

Market reaction: The euro to US dollar exchange rate fell slightly by 0.2% after the data was released, to around 1.0980. European stocks declined, with the Stoxx 600 index down by 0.5%. European government bond yields generally rose, with the yield on Germany's 10-year government bonds increasing by 4 basis points to 2.52%. Investors expect the ECB to raise interest rates again in September.

Expert Opinion: Mark Wall, Chief Eurozone Economist at Deutsche Bank, stated: "With inflation remaining high and the labor market still tight, the ECB is likely to raise interest rates by another 25 basis points in September. However, considering the slowdown in economic growth, the pace of rate hikes may slow down."

5. Regulation & Policy

( 1. The Hong Kong Monetary Authority promotes real-name regulation of stablecoins, while the SEC allows the physical creation and redemption mechanism.

The Hong Kong Monetary Authority (HKMA) has simultaneously launched a 6-month transition arrangement for the issuance of stablecoins, providing a compliance pathway for stablecoin projects operating in Hong Kong. The new regulations impose strict requirements, involving core regulatory focuses such as high liquidity reserves, rapid redemption, local entities, and capital requirements. The HKMA will issue temporary licenses, but companies must submit formal license applications within 90 days. This initiative aims to position Hong Kong as a regulated cryptocurrency hub while safeguarding investor rights and financial stability.

At the same time, the U.S. Securities and Exchange Commission (SEC) has recently approved a physical redemption mechanism for cryptocurrency asset ETPs and raised the position limit for some Bitcoin ETP options to 250,000 contracts. This move by the SEC is seen as a way to reduce costs and arbitrage thresholds for ETF issuers and market makers, and is expected to attract more institutional liquidity into the cryptocurrency asset market.

International regulation is also accelerating. The latest approval by the U.S. SEC for cryptocurrency asset ETPs to adopt a physical redemption mechanism has raised the position limit for some Bitcoin ETP options to 250,000 contracts. This move by the SEC is seen as a way to reduce costs and arbitrage thresholds for ETF issuers and market makers, which is expected to attract more institutional liquidity into the cryptocurrency asset market.

On the funding side, institutions are still intensively entering the market. Standard Chartered Bank analysts believe that treasury-type companies continue to increase their holdings of ETH, reflecting an upward strategic position in their asset allocation. If capital inflows remain strong, ETH is expected to break through the $4000 threshold.

) 2. The Bank of Korea has established a virtual asset group, expected to lead internal discussions on the Korean won stablecoin.

Recently, the Bank of Korea (BOK) announced significant news by establishing a new virtual asset department responsible for monitoring the cryptocurrency market and discussing legislation related to this asset class. This move comes at a time when the domestic stablecoin momentum is strong, indicating that South Korea's layout in the digital currency field will further accelerate.

The move by the Bank of Korea aims to strengthen the regulation of the virtual asset market and develop relevant policies for the growth of stablecoins pegged to the Korean won. With the increasing popularity of cryptocurrencies in South Korea, the central bank believes it is necessary to establish a dedicated department to address the challenges and opportunities presented by this emerging field.

Market participants generally believe that the establishment of a virtual asset department by the Bank of Korea is aimed at better managing the risks associated with cryptocurrencies, while also paving the way for a possible future launch of a digital currency in Korean won. Some experts indicate that this move reflects the South Korean government's increasing attention to cryptocurrencies and is expected to promote compliant development in the field.

However, some analysts have expressed concerns about the central bank's intervention in the cryptocurrency market, believing that excessive regulation could stifle innovation. They urge the government to create a favorable development environment for cryptocurrency startups while protecting investors' rights.

3. The White House will release a crypto "regulatory bible," which may influence policy direction for the next three years.

The United States is approaching a critical moment for the entire cryptocurrency industry. On July 30, 2025, the first comprehensive White House report on cryptocurrency policy is expected to be released, which could redefine the rules of the game. Experts say that the report will have a global impact and may influence the direction of cryptocurrency regulatory policies in the United States and worldwide over the next three years.

The report originates from an executive order signed by Trump in January, drafted by a presidential digital assets working group consisting of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, SEC Chair Paul Atkins, among others. The report may cover tax policy, stablecoins, regulatory frameworks for tokenized securities, and even include the withdrawal or revocation of old regulatory guidance.

Several industry leaders will participate in Wednesday's briefing, which organizations such as The Digital Chamber and Blockchain Association regard as an important milestone for the U.S. in advancing cryptocurrency policy.

Market participants generally expect the report to establish a clearer framework for cryptocurrency regulation, which will help reduce uncertainty. However, some are concerned that excessive regulation may stifle innovation.

In addition, although the draft report currently does not address the Bitcoin strategic reserve, sources say that related content may be temporarily added. This strategic reserve was proposed by Trump in March, with the goal of establishing a national-level digital asset reserve without increasing the burden on taxpayers.

4. The Federal Reserve rate vote may show a split, as Trump's appointed governors may oppose Powell's decision to maintain interest rates.

According to the latest report from The Wall Street Journal, there may be a rare disagreement in the interest rate voting at today's Federal Reserve policy meeting. Governors Waller and Bowman, appointed by Trump, may oppose Chairman Powell's decision to keep interest rates unchanged and advocate for an immediate rate cut. If this happens, it will be the first time in over thirty years that multiple members oppose the Chair. This decision has significant implications for liquidity in the cryptocurrency market, and crypto investors are closely watching Powell's speech.

Powell and most committee members tend to keep interest rates unchanged, citing moderate inflation and a robust labor market. However, Waller and Bowman are concerned about economic slowdown and tariff impacts, advocating for a 25 basis point cut to stimulate the economy.

If a dissenting vote occurs, it will be the first time since 1992 that the Federal Reserve has experienced such a situation. Analysts believe this reflects Trump's growing influence over the Federal Reserve.

Market participants generally believe that interest rate cuts will benefit risk assets, but they may also trigger rising inflation expectations. As an alternative investment, the price of cryptocurrencies may be affected.

However, some experts believe that even if interest rates are cut, the impact on cryptocurrencies may be limited. They argue that digital assets like Bitcoin are more influenced by regulatory policies and institutional capital inflows.

Overall, the Federal Reserve's decision will have a significant impact on global financial markets, and cryptocurrency investors need to pay close attention.