$BTC ETF outflows hit $464M in 7 days as $ETH ETFs see $38.49M inflows

Tom Lee posted on X that today’s FOMC meeting is expected to hold interest rates steady. His team reviewed comments from 12 voting members since the June meeting: 3 are hawkish, 2 dovish, and Warsh holds a neutral stance. However, the FOMC may announce a resumption of quantitative tightening (QT). Currently, the monthly balance sheet reduction pace stands at zero; this move amounts to a stealth rate hike without launching formal tightening policy. Uncertainty surrounding the new Fed could lead to restored market clarity after the statement. As a result, Tom Lee expects stocks to perform better post-FOMC, particularly AI laggards like Micron, which has fallen 41% from its peak, with its forward P/E dropping to 5.372x, below the 10-year average of 6.524x, showing a significant valuation discount.

According to Israeli media outlet i24News, senior Israeli officials said centrifuges are located at Iran's Fordow site, though uranium enrichment activities have not yet started.

The Federal Reserve stands at a turbulent crossroads. With current Chair Kevin Warsh repeatedly hinting he will break the market convention of pre-announcing policy moves, this Wednesday’s interest rate decision has become one of the most unpredictable calls in recent years. Citadel Securities has bluntly predicted a "surprise rate hike" this week. The firm argues Warsh may use this move to signal the end of the "forward guidance" era, and restore the Federal Reserve’s independence by inflicting short-term pain on markets. On the other hand, the iShares 20-Year+ US Treasury Bond ETF (TLT) has recently shown strong bullish momentum. Data shows TLT’s put/call ratio has fallen to 0.63, a level not seen since May. On Tuesday, TLT’s call option volume hit 171,000 contracts, three times that of put options. Zed Francis, chief investment officer at Convexitas, revealed the logic behind this "curve twist": If Warsh opts for a decisive rate hike, markets will view it as the Fed’s ultimate resolve against inflation, causing long-term inflation expectations to collapse and driving long-dated yields lower (bond prices rise). This means a hawkish rate hike could actually be a bullish signal for long-dated US Treasuries and tech stocks like the Nasdaq 100 index.

U.S. Solana Policy Institute (SPI) has sent a letter to Senate bipartisan leaders, urging them to advance the Clarity Act digital asset bill to a vote before Congress’s legislative window closes in early August. The bill aims to provide regulatory clarity for U.S. crypto developers, institutions, and consumers, and establishes a "non-money transmission" safe harbor for non-custodial software developers via the Blockchain Regulatory Certainty Act. The latest Republican version of the bill also adds ethics provisions banning federal public officials and their spouses from issuing or sponsoring digital assets, with the relevant clauses set to expire on January 20, 2029. SPI states that the legislation will help prevent "overreach" by regulators and criminal law enforcement targeting software developers, while sustaining domestic U.S. development momentum.

The U.S. Treasury Department announced that today’s sanctions on Iran target profiteering activities exploiting the Strait of Hormuz, with the measures focused on Iran’s "ransom network" operating in the waterway.

According to YuEmber Monitoring, 4.452 million KAITO tokens (valued at $5.61 million) were withdrawn from Binance to on-chain addresses by six wallets over the past four days. During the same period, KAITO’s price rose 35%, climbing from $0.93 to $1.26.