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Red dominates the crypto market, but Greed Index still at 60 Today the market is awash in red as $BTC dropped to $118K (-3.64%), dragging most major altcoins down with it. @ethereum fell to $4.6K (-2.26%), @solana lost over 4%, and XRP plunged more than 6%. The Fear & Greed Index currently sits at 60 (Greed), down from yesterday’s 75 and last week’s 74, indicating that investor sentiment has cooled despite still leaning toward “greed.” After surpassing the $124K mark, Bitcoin’s market cap overtook Google’s to become the 5th largest asset in the world by valuation. BTC has since fallen back to $118K. U.S. Treasury Secretary Bessent told Fox News that the Bitcoin reserve would be limited to the current $15–20B worth of BTC and there were no plans to purchase more. However, hours later, he clarified that the Treasury remains committed to seeking budget-neutral methods to acquire more Bitcoin in order to expand reserves and fulfill President Trump’s pledge to make the U.S. the “world’s leading Bitcoin superpower.” 📰 General News • U.S. July PPI: +3.3% YoY / +0.9% MoM; Core PPI +3.7% YoY / +0.9% MoM – higher than expected. • Google scraps plan to ban non-custodial wallets on Play Store after backlash. • @coinbase completes acquisition of Deribit. • Total deposits into lending protocols hit an all-time high of $100B. • Citigroup considers offering custody and payment services for stablecoins and crypto ETFs. • Ethereum futures trading volume on CME hit a record $118B in July amid the latest market frenzy. 🔔 Product Updates • Turkish crypto exchange BtcTurk sees suspicious $48M outflow amid hacking concerns. • MetaMask expected to announce its own stablecoin this week. • Gemini (backed by the Winklevoss twins) launches a self-custodial smart wallet. • Tokenization company Dinari partners with Avax to launch a Layer 1 blockchain, aiming to become the “DTCC” of the tokenized stock market. 💰 Fundraising • Caesar launches private token sale. • DeAgentAI completes Strategic round with investment from Momentum. • USDai_Official (DeFi) raises $13.4M in Series A led by HiFramework. • Meshconnectapi (CeFi) raises $9.5M, bringing total funding to $130M.

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