Perhaps an important SEC decision on Bitcoin ETF will be announced today. The official deadline for the decision is August 13, but since this is Sunday, markets are expecting an announcement today. If the SEC approves applications to launch spot Bitcoin ETFs, BTC will show aggressive growth; if not, there will be a decline. Most likely, approval will take several months.

The ratio of BTC spot volume to derivatives trading volume has reached an absolute minimum. This could mean that the bears have no more coins to sell and the bulls are in hibernation, awaiting the likely approval of the ETF.

Ethereum volatility is also at an all-time low, and the ten largest ETH addresses already control a third of ether. They purchased 27.86 million coins and now mega-whales control 34.6% of the total ether supply, while in 2018 they held only 11.2%. There are both positives and negatives in whale hoarding. The concentration of such a large volume of crypto in their hands can lead to a reset and fall in the price of the asset.

In July, market prices for tokens and coins lagged behind the performance of crypto stocks. By the end of the month, shares of public crypto companies rose by an average of 23.9%. This suggests that institutional investors have been buying up crypto-related stocks.

Ripple will take part in the creation of a global cross-border payment system. The project was approved by the G20 states. The new global network will unite payment systems and launch a mechanism for exchanging information. In addition to Ripple, such giants as SWIFT and MasterCard will take part in its deployment.

Yesterday, inflation in the US returned to growth, although less than expected (3.2% instead of 3.3%), after 13 months of decline - the market reacted calmly. There is a 90.5% chance that the Fed will leave rates unchanged in September.

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