Gold rose 1.8% intraday to $4,376.9, and silver rose 5.02% to $64.7. Markets are waiting for tonight’s U.S. July nonfarm payrolls report. The CLARITY Act crypto market structure bill was moved to a September vote. BTC traded near $64,793, ETH traded near $1,913.39, spot BTC ETFs recorded net inflows, and Strategy disclosed a plan to sell up to $5 billion of BTC.
1. Precious metals rise before U.S. payrolls
Gold rose 1.8% intraday to $4,376.9, and silver rose 5.02% to $64.7. Fed Governor Cook said she would favor a rate hike if disinflation stalls. The U.S. July nonfarm payrolls report is due tonight. BTC traded at $64,793, and the Crypto Fear & Greed Index was 29.
Assets to watch: XAU XAG BTC ETH
2. CLARITY Act vote moved to September as XRP falls intraday
The U.S. Senate confirmed that it will not vote on the CLARITY Act before the summer recess, moving the bill to September. XRP fell the most among major tokens intraday, and BTC traded near $64,300. The bill covers SEC and CFTC jurisdiction over crypto markets.
Assets to watch: XRP BTC
3. SK Hynix announces $38 billion memory-chip plant investment
SK Hynix announced a $38 billion investment in a new memory-chip plant. The company’s shares previously fell 10% in a single session. The investment plan covers AI training, inference and memory-chip capacity.
Assets to watch: SKHYNIX NVDA
4. BTC whale buying and ETF inflows occur in the same range
BTC whale addresses bought about $1.2 billion of BTC in the $63,000-$65,000 range. Spot BTC ETFs recorded about $750 million of net inflows during the same period. On-chain data showed that more than 210,000 BTC moved from old wallets to new addresses after the Coldcard vulnerability event; transfers involving 64 BTC and 200 ETH remain under tracking.
Assets to watch: BTC
5. Strategy plans up to $5 billion BTC sale; MARA and Riot deposit BTC into NYDIG
Strategy plans to sell up to $5 billion of BTC under its current capital plan. MARA and Riot Platforms deposited 581 BTC, worth about $37.37 million, into NYDIG on the same day.
Assets to watch: BTC
6. Ether.fi separates weETH from EigenLayer
Ether.fi announced that its liquid staking token weETH will be separated from the EigenLayer restaking protocol and operate independently. The change came during Ethereum community discussions on restaking incentive distribution. ETH traded near $1,913.
Assets to watch: ETHFI ETH
7. Uniswap Pools records nearly $100 million on day one
Uniswap launched the Pools token issuance platform on Robinhood Chain. First-day trading volume reached $99.1 million, accounting for 54% of that day’s token issuance platform volume on the chain. The DEX-to-CEX spot volume ratio rose to 24.14% in July.
Assets to watch: UNI ETH
8. Tether starts real estate tokenization business in Saudi Arabia
Tether announced the launch of a tokenization business in Saudi Arabia, with real estate as the first asset category. Tokenized RWA deposits rose to $7.4 billion in Q2, while total DeFi deposits fell 15% over the same period.
Assets to watch: ONDO ETH
Market Snapshot
BTC: $64,793 | ETH: $1,913.39
Gold: $4,376.9 | Silver: $64.7
WTI: $77.14 | Brent: $82.18
S&P 500: 7,709.96 | Nasdaq: 29,373.33