Trump's cronies will likely continue to profit from repeated claims of an imminent deal with Iran that ultimately falls through.
The world is doomed.
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BITCOINLFG®
08-03 14:34
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Breaking News💥
President Trump and the White House are urging Democrats and Republicans to reach a final agreement on the Clarity Act this week. 🚀🔥
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KK.aWSB
08-03 14:08
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Reporter: What benefits does the US gain from supporting the yen?
Trump: "Economic benefits. It's good for the world economy too. I was criticized for our deal with Argentina, but we made $25 billion in that deal!"
"In Venezuela, we made hundreds of billions of dollars. I made good deals."
"Inter, I made $75 billion. That money went to the country, not me. It went to the country."
"Japan wants to do this, and that's really more important than anything else. It's a signal of friendship."
"The yen is depreciating. The dollar is doing very well."
"The fact is—our country is doing very well, and everyone needs our country's help."
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Crypto Tony
08-03 13:54
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Breaking news: US President Trump stated that new Iran nuclear talks will begin Monday afternoon.
"I believe an agreement has been reached on the Strait of Hormuz."
Presumably, Trump is also tired of these tedious, back-and-forth negotiations.
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Anndy Lian
08-03 13:36
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Despite the ongoing market hype, my current preference for Ethereum's native token (ethereum:native) over Bitcoin ($BTC) is as follows:
1/ Bitcoin rose 0.55% to $63,220.03, but this increase was primarily driven by a 34.4% surge in perpetual futures open interest to $372.31 billion. The average funding rate doubled to +0.0075%. This indicates that the market is mainly driven by aggressive leveraged long positions rather than natural spot buying. Therefore, this rally will be very fragile and could trigger a sudden wave of liquidations should market sentiment shift.
2/ On August 2nd, the spot Bitcoin ETF recorded an outflow of $265 million, while the market sentiment index was 35, in the fear zone. Institutional capital is withdrawing, while derivatives traders are pouring in. This divergence between leveraged speculation and institutional withdrawal has historically been a harbinger of significant corrections, raising serious questions about the sustainability of current price levels.
3/ Ethereum outperformed Bitcoin, rising 1.07% to $1,871.70. The main driver was the easing of geopolitical tensions following President Trump's cancellation of plans to launch a military strike against Iran. This rise reflects a shift in risk appetite across cryptocurrencies and traditional markets, rather than a rise in a single coin.
4/ In July, the US spot Ethereum ETF saw net inflows of $365.17 million, the highest since 2026. Average funding rates rose 32.48% to +0.0062929%. Increased institutional demand and derivatives holdings give Ethereum a more diversified foundation than Bitcoin.
5/ Bitcoin faces resistance in the $64,500 to $65,000 range, with support at $62,000. A break below this support level could see a drop to $60,000. The US jobs report released on August 7th is a key catalyst in the near term. Weak data could support price increases, while strong data could put downward pressure on risk assets.
6/ Ethereum is testing support between $1850 and $1870. If this support holds, it could test the resistance zone of $1880 to $1910, which coincides with the 38.2% Fibonacci retracement level near $1875.40. A break below this resistance level would target $1. 750. The US inflation report released on August 12th will likely determine the next move.
7/ The total market capitalization of cryptocurrencies has only increased by 0.70%.
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吴说区块链
08-03 12:55
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According to Wu, Tokenomist reports that several tokens will see large single-transaction unlocks (unlocking amounts exceeding $10 million) in the coming month, including HYPE, YZY, PROVE, KAITO, HENA, ZRO, CONX, and AVAX. Additionally, there are plans for linear large-transaction unlocks (monthly unlocking amounts exceeding $10 million) in the coming month, such as RAIN, SOL, CC, TRUMP, DOGE, WLD, ASTER, ZEC, MORPHO, TAO, AVAX, and PUMP, with a total unlocking value exceeding $1.282 billion.
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BRICS News
08-03 11:35
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Breaking news: US President Trump has announced that negotiations with Iran will officially resume tomorrow.
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Cointelegraph
08-03 10:40
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🚨Latest news: Oil prices fell $4 per barrel as Trump postponed a new round of attacks on Iran and sought a swift agreement to reopen the Strait of Hormuz, with Brent crude dropping to $83.85 per barrel.
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The Bitcoin Historian
08-03 10:40
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Breaking news: HBO late-night talk show host John Oliver launched a scathing attack on Trump regarding #Bitcoin#
"Trump made $1.4 billion in one year from his family's cryptocurrency business."
"This is the perfect tool to funnel money to him and his family."
"They're lining their own pockets."
"At least his sneaker and Bible businesses have some intrinsic value."
Democrats are launching a full-scale attack on the Clarity Act.
They're trying to kill the bill. 😡
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Vivek Sen
08-03 09:56
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When asked if he would hold Bitcoin in his account, President Trump replied:
"I've become a big fan of cryptocurrency...
I'm a fan of cryptocurrency."
First president to endorse cryptocurrency 🚀