U.S. spot Bitcoin ETFs recorded $32.1 million in net inflows on July 29, while spot Ethereum ETFs saw $32.9 million in net outflows.
The Fed kept interest rates unchanged, but the decision was viewed as hawkish after several officials pushed for a rate hike, keeping crypto markets cautious and triggering volatility across Bitcoin and Ethereum.
Bitcoin and Ethereum whipsawed after the Fed decision, wiping out around $286 million in leveraged positions as traders reassessed the rate path and short-term risk appetite.
U.S. authorities sanctioned an Iranian maritime firm, alleging that it accepted Bitcoin to evade restrictions, keeping the focus on crypto’s role in sanctions enforcement and geopolitical risk.
South Korea’s latest policy report proposed introducing stablecoin rules before a broader crypto law, signaling that stablecoin oversight remains a priority for major Asian markets.
Ostium reported a $24 million exploit and attributed the incident to an off-chain breach rather than a smart contract flaw, adding to recent concerns around protocol and operational security.
Bitcoin is trading around $64,585, while Ethereum is trading around $1,918.
The Fear and Greed Index stands at 28, indicating fear in market sentiment.
