A volatile stage is set
Weekly Wrap: July ended with sharp contrasts. While crypto hacks reached $142 million, PeckShield said the largest was the $44.2 million CoinDCX breach, Ethereum still finished the month +54.83 %, its second-best July ever. At the same time, US data sent mixed signals, and world politics grew louder. Below is a full walk-through of every headline that shaped the week.
Jobs shock, Fed drama, and a $1 trillion stock wipe-out
The July jobs report showed only 73 000 new jobs, the weakest growth in more than three years. Revisions erased 258 000 positions from May and June, pushing unemployment to ≈4.2 %.
Odds of a September rate cut on CME FedWatch jumped from 37 % to 86 %, and betting platforms put the chance near 75–80 %.
US President Trump fired the Bureau of Labor Statistics commissioner after the report, then warned that Fed members should take control if Powell refuses to cut. Governor Adriana Kugler’s sudden resignation (effective 8 Aug) will let Trump pick a new voice inside the Fed.
Stocks reacted hard: US equities lost $1.11 trillion in market value in a single day. Even BlackRock insisted rates might still stay above 4 % through 2025.
Trade fights and fresh geopolitical tension
Tariffs came in waves:
- 25 % duty on India took effect 1 Aug, with an extra “penalty” layer.
- Canada’s rate rose to 35 % under a new executive order.
- The White House said July tariff revenue hit a record $28 billion.
- Washington signed new deals with Cambodia and Thailand while warning Brazil of 40 % duties.
On security, Trump ordered two US nuclear submarines near Russia after “provocative” comments from Dmitry Medvedev. Meanwhile China began printing more yuan, signaling looser policy.
Regulation marches onto the blockchain
The SEC launched “Project Crypto,” a push to settle stocks, bonds, and funds on-chain for more transparency. It also:
- Finalized new listing standards: any coin with six months of futures trading on Coinbase Derivatives now stands a good chance at ETF approval.
- Delayed a decision on adding staking to the Invesco Galaxy Ethereum ETF until 25 Sep.
- Officially acknowledged BlackRock’s request to let its spot ETH ETF stake coins.
- Allowed in-kind creation/redemption for crypto ETFs, shares can be issued and pulled with BTC or ETH instead of cash.
Across Pennsylvania Avenue, a White House report called crypto and blockchain able to “revolutionize” US finance, named Chainlink crucial “oracle” infrastructure, and featured officials who called themselves “big fans of Bitcoin.”
ETF waves, especially around Solana and Ethereum
Traditional giants rushed to list new products: Grayscale, VanEck, Bitwise, Canary, Franklin Templeton, Fidelity, and CoinShares all tweaked S-1 forms for Solana ETFs. 21Shares filed another S-1 revision, while Invesco and Galaxy asked the CBOE to list their own Solana fund.
On Ethereum, BlackRock’s iShares spot ETH ETF drew a record $4 billion of inflows in July even before staking is allowed.
Corporations keep buying coins
- Metaplanet plans to raise $3.7 billion to buy more BTC.
- Investment firm Strategy completed a $2.521 billion IPO and immediately bought 21 021 BTC at about $117 256 each.
- Anchorage Digital snapped up 10 141 BTC for ≈$1.19 billion.
- SharpLink added 11 259 ETH with $43.09 million USDC, lifting its stack to 449 276 ETH after an earlier 77 210 ETH purchase.
- World Liberty, tied to Trump-linked investors, bought 256.75 ETH and holds 77 226 ETH total.
- Michael Saylor’s STRC vehicle is raising $4.2 billion for still more BTC.
- Coinbase holds 11 776 BTC (~$1.26 billion) and bought another $222 million worth in Q2.
- Robinhood’s Q2 revenue rose 45 % to $989 million; crypto revenue nearly doubled to $160 million.
Payment rails and old-school finance step in
Visa added on-chain settlement for PYUSD, USDG, and EURC stablecoins, expanding to Stellar and Avalanche alongside Ethereum and Solana. Earlier data showed stablecoin volume in Q1 2025 topping $6 trillion, double Visa’s own throughput.
JPMorgan, once hostile to Bitcoin, partnered with Coinbase to “speed up crypto adoption.” At the same time Coinbase announced plans for tokenized stocks and prediction markets in the US
FG Nexus (formerly Fundamental Global) raised $200 million to build an Ethereum-based treasury strategy; Grayscale launched an AI-plus-crypto fund; Ark Invest juggled holdings, buying more BMNR and trimming Block Inc.
Altcoin treasury and network updates
- Upexi secured $500 million of credit lines to add SOL.
- CEA Industries mapped out $500 million to $1.25 billion to build the largest public BNB treasury.
- Mill City Ventures moved to buy $441 million of SUI.
- Activity data showed Solana with 4.5 million active addresses in 30 days, ahead of BNB Chain and Tron at ~2 million, while Base and Ethereum sat near 1–1.5 million.
- Jupiter Exchange reported $38.4 million Q2 revenue and still controls 90 % of Solana DEX routing.
Security lessons and on-chain behavior
Besides the hacks, Bitcoin’s latest bull cycle has already lived through seven deep pullbacks ranging from -17 % to -51 %, yet each drop so far marked the start of the next leg higher. Realized profits jumped to $6–8 billion in late July as new whales sold above $120 000. Over 1 million ETH left exchanges in the last 30 days, according to Santiment, hinting at longer-term holding.
Surveys, slogans, and community mood
A Ripple survey said 90 % of finance leaders see blockchain reshaping money within three years. Tweets repeated humble cautions, “Not financial advice, do your own research”, even from traders who said they started DCA buying after the jobs data. With the US Treasury borrowing $18 billion a day, some commentators claimed “this is why we need Bitcoin.”
Closing thought
From weakened US employment to submarine maneuvers, from billion-dollar Bitcoin buys to Visa’s stablecoin push, the week showed one big theme: traditional systems, whether central banks, stock exchanges, or geopolitics, now overlap every day with the fast-moving crypto world. Hacks still hurt, policy still shocks, and prices still swing, but the steady march of institutions onto the blockchain makes the boundary between “old” and “new” finance thinner with each headline.
Remember, markets turn fast and information ages quickly. Always do your own research, start with the resources on blog.millionero.com, before risking capital. If you’re comfortable with your findings, you can trade spot or perpetuals on Millionero, but only after double-checking that the strategy fits your goals and risk limits.