🔔 SUMEX Monday Watchlist: Top Crypto Shakers (July 28)

Bitcoin has bounced off its weekend low, trading near $120K, while ether secured a seven-month high of $3,937. With a packed macro calendar this week, market direction hangs in the balance — here's what you need to know.

Key Monday News

🇺🇸 Trump's EU Deal Lifts Crypto

Sunday's US-EU trade deal averted a potential trade war, scaling tariffs down to 15% from the threatened 30% while securing investment commitments. The agreement boosted optimism across markets, pushing BTC toward $120K for the first time in nearly two weeks as US equities edged higher. 

👀 All Eyes on the Fed

The Federal Reserve's July 30 rate decision will likely maintain current levels (4.25%-4.5%) despite political pressure, with a 96.9% probability according to CME FedWatch. Strong job growth and tariff-related inflation risks remain key barriers to easing. The FOMC decision will be announced at 2:00 PM ET.

💸 Treasuries Keep Growing

Metaplanet has purchased another 780 BTC, bringing its total holdings to 17,132 BTC (roughly $2B) — the largest BTC treasury among non-US public companies. Meanwhile, SharpLink Gaming (second only to BitMine in corporate ETH holdings) added 77,210 ETH ($295M).

🔥 Trade Deal Fuels BNB Surge

BNB hit a new ATH of $855 following the US-EU trade deal and corporate treasury activity ($610M invested by major firms like Nano Labs), marking a 170% volume increase. The token breached $800 for the first time just last week (July 23) and has rallied 32% in July to re-enter the Top 5 by market cap.

💼 Record ETF Inflows

Ethereum ETFs have surpassed their entire 2024 performance with $7.8B YTD inflows, including $1.6B last week alone. Combined Bitcoin and ether ETFs attracted a record $11.2B this month, far outpacing Solana ($311M) and XRP ($189M) funds. ETH's smaller market cap magnifies its ETF impact versus BTC.

Macro Signals to Watch

📌 CB Consumer Confidence (Jul. 29) — The projected rise to 96.0 in July would reverse June's drop, potentially supporting crypto prices.

📌 Fed Chair's Press Conference (Jul. 30) — While rates may hold steady, Powell's remarks will signal future moves. Hints about September cuts may boost risk assets.

📌 US GDP (Jul. 30) — A 2.4% YoY rebound in Q2, projected by the Atlanta Fed, could reduce September cut odds and create Bitcoin headwinds.

📌 US PCE (Jul. 31) — Rising inflation data in June (May: 2.3% headline, 2.7% core) would make Fed easing less likely, pressuring risk assets.

📌 US Jobs Report (Aug. 1) — The projected 108K nonfarm payrolls in July (vs. June's 147K) with 4.2% unemployment could support rate cut expectations and crypto.

Top Movers: ENA vs. DOGE

🔼 ENA (+33.5%) — Hit a six-month high after Ethena's GENIUS Act compliance partnership with Anchorage Digital and Arthur Hayes' 2M ENA purchase.

🔽 DOGE (-13.2%) — Suffered institutional outflows amid whale-driven selling, reversing gains from Bit Origin's treasury announcement.

#cryptonews@sumex_official