Eric Trump Predicts $1M Bitcoin at Hong Kong Conference

**Crypto markets declined broadly** as Bitcoin and Ethereum fell while altcoins showed high volatility. Investors rotated funds into stablecoins amid accelerated liquidations. **Fed Chair Jerome Powell's speech** at 18:20 CET has markets on edge. While no concrete policy changes are expected, his remarks could shift rate expectations and USD liquidity - key drivers for digital assets. **Market focus areas:** - Inflation and labor market commentary - Financial conditions outlook - Dollar strength impact on crypto flows **Structural factors amplified the selloff:** Higher leverage and concentrated positions triggered forced selling as funding costs tightened. **What's ahead:** Expect choppy reactions during and after the speech. Upcoming macro data, regulatory developments, and ETF flows will also influence market direction. *Key takeaway: Separate market interpretations from official Fed communications.*

The **GENIUS Act** became law on July 18, 2025, establishing the first comprehensive federal framework for USD stablecoins in the United States. **Key Requirements:** - Only licensed issuers can serve US persons (banks, OCC-approved nonbanks, or qualified state issuers) - **1:1 reserve backing** with high-quality liquid assets required - Par redemption within defined timeframes - Monthly disclosures and custody standards **Regulatory Structure:** - Treasury coordinates policy and rulemaking - OCC supervises federally licensed nonbank issuers - Federal Reserve maintains systemic oversight **Legal Clarity:** Permitted stablecoins are **not securities** under federal law or commodities under CEA. Issuers must comply with Bank Secrecy Act, including KYC and sanctions requirements. **Timeline:** Act takes effect January 18, 2027, or 120 days after final rules are published. Treasury and OCC comment periods are currently open. **Foreign Issuers:** Comparable-regime foreign issuers may register with OCC, subject to Treasury's ongoing comparability assessments. Stablecoin issuers should begin mapping their regulatory path and preparing compliance frameworks now.

Key regulatory and monetary policy decisions have significantly impacted crypto markets: - Fed's 2020 zero-rate policy drove BTC from $4,000 to $20,000 - 2022-23 rate hikes to 5.5% led to 74% BTC decline - SEC's spot BTC ETF approval in Jan 2024 triggered 35% gain - China's 2017 ICO ban caused 40% drop in 2 weeks - EU's MiCA adoption boosted ETH 8% **Key Takeaway**: Policy shifts fundamentally reshape crypto market liquidity and risk appetite. Monitor central bank meetings, regulatory decisions, and legislative developments alongside technical analysis. *Follow Fed meetings, SEC announcements, PBoC statements & EU votes for market insights.*

Since the implementation of EIP1559 in 2021, Ethereum's network has permanently destroyed 4.6M ETH, equivalent to approximately $13.5B at current market rates. This significant burn mechanism continues to impact Ethereum's supply dynamics. The fee burning mechanism has shown consistent effectiveness: - 4.6M ETH permanently removed from circulation - Current value: ~$13.5B - Ongoing impact on ETH supply economics Recent data shows strong fee collection trends, with systems outpacing emissions by over 100% in recent epochs.