Crypto Compass by BitcoinWalletSG #131

🏛️ Fed Set to Hold Rates Despite Trump Pressure

The US Federal Reserve is expected to keep interest rates unchanged at 4.25 - 4.50% in its upcoming meeting, defying mounting political pressure from President Trump to cut rates. Despite Trump’s criticism and public demands, the Fed remains focused on incoming economic data.

🤝 US & China Resume Tariff Talks, Eyeing Truce Extension

Senior U.S. and Chinese negotiators met in Stockholm on July 28 to revive discussions aimed at extending the current tariff truce before an August 12 deadline. The talks are expected to focus on maintaining current tariff levels (30% U.S. and 10% China), rare earth mineral access, and setting groundwork for a potential Trump‑Xi summit later this year.

📈 BlackRock’s ETHA Now 4th‑Largest ETF by 30‑Day Inflows

BlackRock’s iShares Ethereum Trust (ETHA) has surged to become the fourth‑largest ETF globally by 30‑day inflows, adding approximately $3.9 billion, which accounts for 91% of all Ethereum ETF inflows this July. The fund's rapid growth comes on the heels of hitting $10 billion in AUM in just 251 days, making it the third‑fastest ETF ever to reach that milestone, surpassing most traditional finance products.

📊 NFT Market Cap Surges 94% to $6.6B in July Led by CryptoPunks

July witnessed a dramatic rebound in NFT market capitalization, soaring 94% month over month to $6.6 billion, while weekly trading volume jumped 51% to $136 million. Leading the resurgence was CryptoPunks, with floor prices rising 53%, a spike to 47.5 ETH (~$180K) in a single day, and a high profile $5.15 million sale of Punk #5577 driving renewed investor interest.