On July 25, [Block Rhythm] stated on social media that it expects the market cooling phase to last until August. Technical reversal indicators show that Bitcoin and Ether are not only in an overbought state but also prone to a pullback. The end of the U.S. Crypto Assets week marks the peak of market momentum.

The White House has postponed the release of its highly anticipated Crypto Assets report from the originally scheduled July 22 to July 30. The report was expected to outline potential Bitcoin reserve strategies. Given that the release date coincides with the eve of the summer recess, market expectations should be tempered; the report is unlikely to contain any substantive or actionable policy guidance.
The delay also indicates that the U.S. government prioritizes the stablecoin-centric "GENIUS Act," which is centered around financing U.S. government debt by supporting U.S. dollar stablecoins with U.S. Treasury bonds. This framework provides for