🗞 SUMEX Pulse: Stagflation Fears Suppress Bitcoin’s Recovery (Jul 30–Aug 6)

Bitcoin crumbled below $113K after the ISM Services PMI confirmed a three-month slowdown, hinting at stagflation. The dip (50.1 vs. 51.5 expected) compounded Friday’s shocking jobs data revisions that tanked crypto — shifting debate to the timing of Fed rate cuts.

🚨 Top Blocks of the Week

1️⃣ SEC Warms Up to Liquid Staking 🪙

The US Securities and Exchange Commission has clarified that liquid staking does not require securities law disclosures. While its staff statement isn’t binding, it signals the regulator won’t sue participants — including depositors and providers. Tokens like Lido (LDO), Jito (JTO), and Rocket Pool (RPL) rallied briefly on the news.

2️⃣ Fed Pivot Bets Intensify 🙏

July’s weak jobs report and 258K downward revisions (May–June) boosted rate-cut hopes ahead of the September FOMC meeting. Monday’s stock rebound lifted risk assets temporarily, but experts warn of macro uncertainty and market excess. The odds of a 25-bps cut jumped to 90%+ (from 63.1% last week) per CME FedWatch.

3️⃣ Trump Against Crypto Debanking 🛡

According to The Wall Street Journal, President Trump could sign an executive order this week protecting crypto firms from banking discrimination. The order would direct regulators to probe violations of equal credit laws, with penalties for non-compliant banks. It may also pressure the Fed to revise access policies.

4️⃣ BTC ETFs See Prolonged Outflows 🔴

Investors pulled $196M from spot Bitcoin ETFs yesterday — the fourth straight day of outflows — as stagflation fears grew. The streak (longest since April) began Thursday (-$114.83M) after Trump’s new tariffs on 67+ countries. Meanwhile, ether ETFs gained $73.22M, likely fueled by the SEC’s staking guidance.

⏰ Market Snapshot

Bitcoin (BTC)
Current price: $114,062
Change: -3.4%
Weekly range: $112,296 – $118,669

Ether (ETH)
Current price: $3,613.31
Change: -4.3%
Weekly range: $3,380 – $3,874

🔥 Top Movers

↗️ PUMP (+22.2%) — Whale accumulation + buybacks offset post-ICO crash and legal scrutiny.
↗️ MNT (+22.2%) — Mantle-based stablecoin growth + Strategic ETH Reserve listing.
↗️ LTC (+8.6%) — ETF filings + surge in adoption (12% of all LTC transactions since 2011 have occurred in 2025).

💣 Biggest Losers

🔻 SPX (-22.4%) — Profit-taking + macro downturn erased Thursday’s all-time high.
🔻 PI (-20.9%) — All-time low amid migration delays, liquidity fears, and team pressure to lock up more tokens.
🔻 BONK (-18.5%) — Broad meme coin sell-off overshadowed LetsBONK.fun becoming Solana’s top launchpad.

🤫 Weekly Tip

Fed Chair Powell’s speech at Jackson Hole (Aug. 21–23) may define crypto’s future trajectory. Expectations for monetary easing are rising: Goldman Sachs predicts a September pivot, aligned with options market pricing. Watch for hints about growth/employment risks justifying cuts.

#cryptonews@sumex_official