1. π¦ Standard Chartered Launches BTC & ETH Spot Trading for Institutions
Standard Chartered (UK) became the first global systemically important bank to roll out spot trading for Bitcoin and Ethereum via its FX platforms. The service targets corporates, asset managers, and investors, with non-deliverable forwards to follow. CEO Billβ―Winters highlighted the push to offer secure, regulated digital asset tools for clients.
2. π Wall Street Sentiment Signals Portfolio Rotation, Not Exit
Bank of America reports Julyβs investor sentiment is at its highest since Februaryβdriven by bullish profit forecasts and record risk appetite. Cash reserves fell to 3.9%, triggering a βsell signal,β yet markets lean toward rotation into risk assets like crypto, not a full retreat. Existing strength in Bitcoin has been buoyed by calming U.S. trade concerns.
3. πΊπΈ Crypto Legislation Fuels Bitcoin Rally Past $122K
Bitcoin surged past $122,500, reaching a new all-time high amid U.S. βCrypto Weekβ optimism. The upcoming votes on the GENIUS and CLARITY Acts and strong βcrypto presidentβ rhetoric have boosted institutional inflows, with Ethereum also climbing to ~$3,080.
4. π Grayscale Files for Crypto-Focused US Listing Amid Bull Run
Grayscale, managing $33β―bn in digital funds, has confidentially filed with the SEC for a potential U.S. listing. The move coincides with Bitcoinβs rally and growing hopes for regulatory clarityβsignaling expectations of broader access and liquidity for crypto assets.
