Brothers, there has been a big stir in the crypto world today! The market has been turned upside down by policies and international situations, and the price fluctuation is even more thrilling than a roller coaster!

Hong Kong's "Stablecoin Regulation" has just been implemented, and unlicensed stablecoins are directly facing issues. Users are frantically purchasing compliant coins like DAI and FDUSD, with prices fluctuating wildly in accordance with on-chain trading volume. Over in the U.S., the tariff policy has been postponed from August 1 to August 7. Bitcoin just surged to $118,500 but then faced a double blow from the Middle East conflict and the tariff delay. In 24 hours, the number of liquidated positions exceeded 100,000, with $BTC dropping below 11,800 and $ETH losing the 3,700 mark. This market is simply deadly!
But big institutions are secretly accumulating! In July, ETF inflows reached 4.2 billion USD, focusing on buying Ethereum and staking tokens; Tesla holds over 1.2 billion USD in coins, steady as a rock. It seems the big players see this drop as a "discount promotion"?
Geopolitical risks are more surreal, and the news of Iran possibly retaliating against Israel has caused gold to surge by 2.3%. Bitcoin was initially strong but then became weak. However, the whales are not idle; they bought 18,000 BTC in a single day, setting a record high for 2025— the more blood flows in the market, the more people are smiling while picking up chips!
Now it all depends on the results of the US tariff negotiations on August 7: if the EU retaliates, global liquidity will tighten, and coin prices will take a hit; if a deal is reached, there might be a chance to recover some losses. Furthermore, with the probability of the Federal Reserve cutting interest rates in September rising to 68%, whether this market lives or dies relies entirely on these two deities: policy and geopolitics!