TokenPost
Hello? This is TokenPost. On Friday, August 1st, 2025, we will look at various cryptocurrency market news through the shared materials. Let's first check the current market situation. As of 4 PM today, the market is showing a downward trend overall. Bitcoin is trading around $115,000, down about 3% from yesterday. Ethereum is around $3,660, which has dropped by more than 5%. Ripple and Solana are in similar situations, each declining by around 6% and 6.5%.
Host
Yes, that's right. The market is experiencing a slight adjustment. The total market capitalization has also dropped to around $3.75 trillion. Interestingly, even though the market is not doing well, Bitcoin's market share has slightly increased by 0.47%. In contrast, Ethereum's share has slightly decreased by 0.22%.
TokenPost
Hmm, while prices are falling together, why has Bitcoin's influence slightly increased?
Host
There could be various interpretations, but when the market starts to feel uncertain, investors tend to view Bitcoin as relatively safer. In fact, stablecoin trading volume has increased by over 4.6%. This can be seen as a psychology of moving towards more stable assets due to high volatility. Derivatives trading volume has also increased by over 6%, which can be interpreted as a move to prepare for volatility.
TokenPost
Although the market atmosphere has calmed down, there is a large-scale purchase news that is different from this mood. A specific whale and a famous personality bought a large amount of Bitcoin, which seems to be a notable news today.
Host
Yes, that's right. There's a specific whale wallet address starting with 0xd8d0. In the last 5 hours, they purchased 893 Bitcoins, which is about $110 million. Analysis shows they also bought 20,000 Ethereum worth about $74 million. They bought a large amount in a very short time.
TokenPost
In 5 hours. That's impressive. And there's also news about the famous American businessman Grant Cardone.
Host
Ah yes, Grant Cardone also purchased 1,000 Bitcoins worth about $110 million under his own name. Additionally, he purchased another 1,000 through Cardone Capital, the real estate investment company he operates.
TokenPost
Oh, so that's a total of 1,100.
Host
Yes, he secured a total of 1,100 BTC and even announced plans to buy an additional 3,000 within the year.
TokenPost
3,000 pieces, wow, that's really aggressive. There was also news about the French listed company CBI. They announced plans to purchase up to 2,000 BTC.
Host
That's right. News of purchases by high-net-worth individuals or institutional companies can have a significant impact on market participants' psychology. Especially when the market is hesitant, it shows a perspective of seeing it as a buying opportunity. Publicly announcing purchase facts and additional plans like Grant Cardone can be seen as a strong belief in Bitcoin's long-term value.
TokenPost
Yes, I see.
Host
However, we can't definitively say that these movements will immediately change the overall market trend. We need to wait and see a bit more.
TokenPost
Yes, we do need to be cautious. The market is going down, but it's impressive that there are entities buying aggressively. I'll highlight other important news flows. First, there's a notable regulatory news from Hong Kong.
Host
Ah yes, from this year in Hong Kong, a new regulatory measure has officially taken effect requiring a license, or government approval, to issue stablecoins. This can be seen as a move to further concretize cryptocurrency-related systems as an Asian financial hub. It can be considered an attempt to increase market transparency and stability.
TokenPost
Hong Kong is accelerating institutionalization. On the other hand, a political issue has emerged in the US. Senator Elizabeth Warren and others sent a letter to the OCC requesting an investigation into a specific stablecoin USD1, reportedly associated with former President Trump's family, raising concerns about potential conflicts of interest. We are simply reporting this fact, not supporting any political stance.
Host
That's right. The regulatory environment is progressing differently in each region. On one side, institutionalization is progressing, and on the other, there are political controversies. Another development is that Coinseus has completed registration of a Solana SOL staking ETF in Delaware, USA.
TokenPost
A Solana staking ETF, this is also noteworthy.
Host
It opens a path for institutional investors to more easily invest in Solana and also receive staking rewards.
TokenPost
There was also an analysis report that Vietnam could rise as a cryptocurrency regulatory hub in Southeast Asia based on Web3 personnel and government support, and news about BitLayer's plan to release governance Token BTR. Due to time constraints, we'll summarize the major news to this extent today.
Host
As we observed today, while market indicators are showing a downward trend, looking beneath the surface, whales and institutions are steadily accumulating BTC. At the same time, efforts are underway to establish regulatory frameworks, such as in Hong Kong. With these seemingly contradictory signals appearing together, how do you see the future direction of the cryptocurrency market? It would be interesting to consider which factors - these macroscopic regulatory environment changes or the microscopic investment movements of individual participants - will have a greater impact on the market going forward.
TokenPost
That's all for TokenPost. Thank you.
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