1. Trump Signs the "Genius Act," Establishing a Regulatory Framework for Stablecoins

Click the link to enter the Tencent meeting: https://meeting.tencent.com/p/9850662513. The live broadcast provides a detailed analysis of the current BTC market and future trends, with real-time strategies for long-term positions aiming for ten thousand points in profit! At the moment the policy benefits were realized, Bitcoin at the $120,000 mark suddenly crashed, with nearly 190,000 accounts evaporating in red numbers. On July 18, 2025, Trump signed the first federal stablecoin regulatory bill, the "Genius Act," at the White House, establishing mandatory dollar reserve requirements, creating a national Bitcoin strategic reserve, and completely banning central bank digital currencies. This event, hailed as a "historic milestone" by the crypto industry, led to a bizarre scene in the market: Bitcoin fell instead of rising, with a volatility exceeding $3,000 within 24 hours, hitting a low of $116,788, causing nearly 190,000 investors to face liquidations totaling $814 million. Who is orchestrating this "benefit reversal"? 1. "Smart Money" Cashing Out Before the Bill's Passage On the eve of the bill's passage, Bitcoin surged past $120,000 due to rising expectations. Some institutions took advantage of the positive news to sell off—within 24 hours after the House vote, stablecoin issuers and early large holders concentrated their sell-offs, leading to an instant liquidity drain. This created a precise "scissors gap" with the crypto market surging on July 18 and plummeting on the 19th. 2. A Vicious Cycle of Liquidations When Bitcoin fell below the critical support level of $117,500, it triggered forced liquidations of up to $620 million in long positions. On-chain data showed that a certain whale's 2,300 BTC collateralized around $116,800 was automatically sold off, triggering a death spiral of "decline → liquidation → increased selling pressure." 3. Political Game's Hidden Dangers On the same day the bill was signed, Trump suddenly sued media mogul Murdoch for $10 billion, with reports revealing that his family holds shares in the stablecoin company USD1, leading Democrats to sharply question whether "the legislation profits the family." The policy's credibility faced a black swan event, raising market concerns that subsequent investigations could impact the compliance process. 4. CZ's "Volatility Curse" Binance founder Zhao Changpeng warned of "cryptocurrency volatility" before the bill's signing. Although he clarified it was a casual remark, community statistics showed that 5 out of his previous 6 similar statements triggered short-term crashes, with panic emotions amplified by algorithmic trading. 5. Long-term Benefits Can't Hide Short-term Pain Despite the market bleeding, the core logic of the bill remains unchanged: mandatory stablecoins pegged to dollar assets will create an additional $2 trillion annual demand for U.S. Treasury bonds, injecting systemic credit into cryptocurrencies. A Standard Chartered report pointed out that once the reserve construction starts in August, Bitcoin may regain buying support. When the name "Genius" collides with human greed, the script of financial history always repeats itself—the biggest benefits often hide behind the fiercest washouts. Operational Suggestions: Go long on BTC at 117,500. First target at 118,500, second target at 119,500; Go long on ETH at 3,533. First target at 3,585, second target at 3,642. Join the community chat group for more services: 1. Real-time market analysis (one-on-one online Q&A and sorting) 2. Professional technical analysis and theoretical learning 3. Trading system construction and improvement 4. Daily live courses, contract analysis, real-time trading, helping you succeed! Daily, teachers in the group provide precise point layouts and answer questions, offering free guidance. Tencent meeting live: 985-066-2513 DingTalk group number: 120320009032. Daily, teachers in the group provide precise point layouts and answer questions, offering free guidance. Disclaimer: The above content represents the author's personal views, intended for communication and sharing purposes only, and does not represent AiCoin's stance or views, nor does it constitute any investment advice. Investing based on this may involve external contacts, and AiCoin is not responsible for the consequences. -Original

2. U.S. Federal Housing Finance Agency Evaluates Incorporating Cryptocurrency into Mortgages

The U.S. Federal Housing Finance Agency (FHFA) recently issued a directive to explore how to incorporate cryptocurrency into single-family residential mortgage risk assessments. Once implemented, it could allow long-term cryptocurrency holders to use their digital assets when qualifying for a mortgage without being forced to liquidate them. To fully realize its potential, the final proposal must reflect the actual operation of cryptocurrencies, meaning recognizing the legitimacy of self-custodied digital assets. -Original

3. CoinDCX Hacked for $44.2 Million, User Assets Unaffected

According to Lookonchain monitoring, the Indian cryptocurrency exchange CoinDCX was hacked for $44.2 million 17 hours ago. -Original

4. Bank of England Asks Banks to Test Dollar Risk Resilience

Sources say the Bank of England has asked some banks to test their resilience to potential dollar shocks. This is the latest sign of how Trump administration policies are eroding trust in the U.S. as a cornerstone of financial stability. Insiders say the Bank of England has requested some banks to assess their dollar financing plans and their level of dependence on the dollar. Another source indicated that at one point, a global bank headquartered in the UK was asked to conduct stress tests, including scenarios where the dollar swap market could be completely drained. An analyst stated that this reflects a new pattern, where trust in international cooperation seems to be breaking down. -Original

5. Hong Kong Stablecoin License Review to Be Conducted by Invitation Only

According to Caixin, sources revealed that the licensing for stablecoin issuers will not be conducted through a self-download and unified written application process, but rather will be arranged in a manner similar to an invitation application system. "In practical terms, the Hong Kong Monetary Authority, responsible for regulatory licensing, will communicate in advance with interested stablecoin license applicants to understand whether they meet the basic application qualifications. Only after obtaining basic approval in pre-communication will the Monetary Authority issue the application form." -Original

6. BlackRock's Holdings Reach $87 Billion

Official data from BlackRock shows that as of July 20, the market value of IBIT holdings reached $86,983,622,128.76, with a holding volume of 731,515.92 BTC. -Original

7. OOKC Invests $5 Million in Giants Protocol for Global Expansion

OOKC Labs announced a strategic investment of $5 million in Giants Protocol to support its global RWA expansion in the Middle East, North Africa, Europe, and North America, focusing on compliance, growth, institutional partnerships, and infrastructure development. OOKC, headquartered in Dubai, is a comprehensive investment institution integrating investment and consulting in the Middle East and North Africa, with localized advantageous resources. OOKC Group will assist Giants Protocol in connecting local resources and expanding and deepening its presence in the Middle East and European markets. -Original

8. Bybit's New Project Surpasses 100 Million USDT in Subscriptions After Launch

The Bybit Megadrop Phase 7 project COA (Alliance Game) launched on July 18 at 8 PM UTC+8, setting a new record for subscription speed. Four hours after launch, the 30-day 50 million USDT term financial pool was sold out, and the 14-day term financial pool was also sold out by the next morning at 10 AM; within 14 hours, Bybit Megadrop users rapidly subscribed to over 100 million USDT products. Bybit Megadrop offers users a no-loss, no-risk, and higher-yield project participation experience. Users only need to deposit USDT, MNT, and other assets to subscribe to risk-free financial products, allowing them to share in the project token airdrop and earn financial returns proportionally. COA is the native token of the decentralized network Alliance Games, which integrates AI-driven game creation, blockchain-integrated multiplayer networks, and distributed work node systems, with $COA powering the entire ecosystem: developers can use it to access infrastructure, node operators can earn rewards with it, and users can stake, govern, and unlock advanced features. -Original

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