In July, the net inflow into the U.S. Bitcoin spot ETF totaled $6.0126 billion, marking the third-highest monthly inflow in history.

August 2nd: Traders have heightened their wagers on a Fed rate cut in September. In terms of the news aspect, Federal Reserve Governor Cugler is set to resign next week, enabling Trump to appoint a preferred candidate in advance. (FXStreet)

On August 2nd, U.S. President Trump's latest social media message reads: "In my opinion, today's employment data has been manipulated in order to embarrass Republicans and me. Just like they did around the 2024 presidential election. Firstly, they presented three days of good data. Then, on November 15th, 2024, shortly after the election, that data was significantly revised downward. It's a complete fraud." "Too late, Mr. Powell" is not in a good situation either! But the good news is that our country is performing very well! (FXStreet)

August 2nd: The Federal Reserve issued a statement announcing that Fed Governor Lael Brainard will tender her resignation next week. This gives President Trump an early chance to potentially appoint a preferred candidate who could assume a leadership role at the central bank. Brainard's position was not scheduled to become vacant until January of next year, and the 7-member Federal Reserve Board currently has no other vacant positions. Now, Trump will be able to promptly appoint a new governor to exert pressure on Chairman Powell—this governor may potentially succeed Powell. The statement noted that Brainard has submitted her resignation to President Trump and will step down next Friday, August 8th, in order to return to Georgetown University as a professor. Brainard did not participate in this week's Federal Reserve policy meeting. The Board stated that her absence was due to personal reasons. Brainard previously served as the Chief Economist at the U.S. Department of Labor and was

On August 2nd, US President Trump posted on social media and said, "In view of the highly provocative remarks made by former Russian President and current Deputy Chairman of the Russian Security Council Medvedev, I have ordered two nuclear submarines to be deployed to the relevant region to ensure that these foolish and provocative remarks are not just empty words. Speech is of great significance and often leads to unexpected consequences. I hope this will not become one of those situations."

On August 2nd, as per the report by CNBC, the crypto market witnessed a decline on Friday following Trump's announcement of "reciprocal" tariff adjustments for dozens of countries. Bitcoin's price demonstrated relative strength, while Ethereum, XRP, and BNB all underwent minor drops. Bitcoin once dropped to a low of $113,988.47. This decline led to a widespread long liquidation, with traders being compelled to sell assets at the market price to repay debts, thereby further driving down the price. Crypto-related stocks experienced even greater declines. Coinbase took the lead in the decline due to its poor second-quarter performance, falling by 15%; Circle declined by 4%, Galaxy Digital fell by 2%, the Ethereum treasury company Bitmine Immersion dropped by 8%, and MicroStrategy fell by 5%.

On August 2nd, according to data from Coinglass, within the past 24 hours, the total liquidation across the entire network reached $8.12 billion. The total long liquidation was $7.34 billion, and the total short liquidation was $77.15 million.