Crypto Highlights July 31 lots of breaking news

1. Powell maintains hawkish stance despite Trump criticism
Federal Reserve Chair Jerome Powell continues to take a hawkish approach, even amid sharp criticism from former President Donald Trump. The probability of a rate cut in September stands at just 45.7%.

2. U.S. blockchain stocks surge overnight
Shares of blockchain-related companies in the U.S. saw strong gains overnight, particularly those tied to the Ethereum (ETH) ecosystem.

3. KAITO accused of “pay-to-rank” scheme
KAITO is under fire after accusations surfaced suggesting the project paid for favorable rankings. The token is trading at $1.20, with a market cap of $1.23 billion, and has been declining for two consecutive weeks.

4. Letsbonkfun dominates market share, Pumpfun declines
Letsbonkfun holds 78% of the market share, while Pumpfun has dropped to just 13.8%. Weekly revenue for Pumpfun has fallen below $300,000 — the lowest level in a year. Market cap: BONK at $2.5 billion, PUMP at $2.7 billion.

5. BlackRock ETF buys over $1.2 billion in ETH
BlackRock’s Ethereum ETF has accumulated over $1.2 billion worth of ETH in the past week — four times the amount of BTC purchased during the same period.

6. Stablecoins sold off in Hong Kong ahead of new regulation
Stablecoins in Hong Kong experienced significant sell-offs ahead of new issuer regulations taking effect on August 1. Investors appear to be "selling the news" early.

7. Matrixport warns of sentiment-reality mismatch
Matrixport warns that market sentiment is out of sync with fundamentals, predicting a potential short-term market cooldown.

8. White House report on digital assets released
No major updates regarding Bitcoin reserves, but a new proposal requiring U.S. taxpayers to report overseas crypto accounts has drawn attention.

9. New SEC standards could fast-track crypto ETFs by September–October
Experts say updated SEC guidelines could pave the way for approval of crypto ETFs — particularly those tied to Coinbase — as early as September or October.

10. Market enters cautious accumulation phase
Bitcoin is testing key monthly resistance. Capital inflow remains but with caution. ETF developments and on-chain activity will be critical. The market is in a phase of “cautious bullishness,” rotating between large-cap tokens, small-caps, NFTs, and meme coins.