BTC held $105,500, consolidating near critical inflection after rebounding from $100K.
ETH stayed steady at $3,500, while SOL and BNB dipped 1–2%, showing selective rotation into majors.
Spot volumes up 22.6% to $14.1 billion, signaling improving market participation and liquidity. Futures open interest fell 2.6%, confirming ongoing deleveraging and cleaner positioning.
ETF demand remains mixed, but spot accumulation is picking up, led by Strive’s $162 million BTC purchase, Strategy’s $50 million BTC addition, and Bitmine’s 34% increase in ETH holdings.
Macro backdrop stabilizes: U.S. government reopens, tariff deals progress, and Treasury offers clarity on crypto staking regulation.
Momentum building, but upside capped near $108.5K–$111K unless inflows accelerate.
Bangkok's five-year tax holiday only pays out on licensed platforms the state already monitors — the same rails now being tightened by a stablecoin audit, cash-disclosure rules, and a crackdown on foreign USDT sellers.
While the Clarity Act sits stalled until September, the SEC is moving on two fronts at once — a tailored offering regime for token sales and an innovation exemption for 24/7 trading of tokenized stocks
The city-state's new CARF regulations force crypto platforms with a Singapore nexus to collect tax residency data and hand it to IRAS — who'll share it with overseas authorities starting 2027.
