The crypto and financial markets are buzzing with pivotal
developments. From Revolut’s bold U.S. expansion to rare Federal Reserve
dissent and shifting Bitcoin and Ethereum wallet trends, here’s your concise
guide to the latest market movers. Stay ahead with Binance Square!

Revolut Eyes U.S. Banking License Through Acquisition

Digital banking titan Revolut is reportedly
considering acquiring a U.S. bank to secure a banking license, a move that
could fast-track its entry into the competitive American market. This strategic
play aims to bolster Revolut’s operational strength, offering a robust
alternative to traditional banking. As Revolut expands its global footprint,
this could reshape the U.S. fintech landscape.

Note:
A licensed Revolut could challenge legacy banks, offering crypto-friendly
services to millions.

Federal Reserve Faces Rare Dissent on Rate Cuts

The Federal Reserve is bracing for a potential split
at its upcoming meeting, with Governors Waller and Bowman advocating for a rate
cut—echoing former President Donald Trump’s stance. This would mark the first
dissent in over 30 years (259 meetings). Chair Jerome Powell and others are
likely to hold rates steady, but the divide underscores growing concerns over
inflation risks.

Note:
Fed policy impacts crypto markets, with rate cuts potentially fueling bullish
sentiment.

Recent Santiment data reveals contrasting trends in large wallet holdings for Bitcoin and Ethereum, pointing to divergent investor strategies:

  • Bitcoin (BTC): Wallets holding 1,000+ BTC decreased by 1.61% over the past two weeks, suggesting consolidation or profit-taking among large holders. BTC is trading near $118,000 (-0.66%), with $1.19 billion consolidated by Anchorage Digital, indicating institutional activity persists despite the drop in whale wallets.

  • Ethereum (ETH): Wallets holding 10,000+ ETH surged by 8.00%, reflecting strong institutional interest. ETH has climbed above $3,800 (+0.11%), fueled by ETF staking applications and growing DeFi adoption. Posts on X note ETH’s outperformance, with over $2 billion in U.S. spot ETH ETF inflows in July, driving a 40%+ price surge since late June.

Regulatory & Legal Shifts

  • SEC Greenlights Physical
    Redemption for BTC/ETH ETFs:
    Investors can now redeem ETF shares for actual crypto, enhancing liquidity
    and mainstream adoption.

  • AML Bitcoin Founder Sentenced: Rowland Marcus Andrade was
    sentenced to 84 months for a $10M fraud and laundering scheme, underscoring
    regulatory crackdowns.

  • Telegram’s Pavel Durov Questioned: French authorities probed the
    Telegram founder over alleged platform misuse, raising concerns about
    privacy and compliance.

Note:
Regulatory clarity on ETFs and stricter enforcement shape investor confidence
and market dynamics.

Market Snapshot

  • Bitcoin ($BTC ): Trading near $118,000, down 0.66%. Institutional activity remains strong, with Anchorage Digital consolidating $1.19 billion in BTC, signaling continued confidence despite the slight dip.

    BTC
    BTC
    68,636.7
    -3.04%

  • Ethereum ( $ETH ): Breaks above $3,800, up 0.11%, driven by growing momentum in ETF staking applications. This reflects increasing institutional interest in Ethereum’s ecosystem.

    ETH
    ETH
    1,976.22
    -5.46%

  • Binance Coin ( $BNB ): Slides below $810, down 4.00%, as Binance lists Treehouse (TREE) for trading, margin, and futures, potentially diverting market attention.

    BNB
    BNB
    614.4
    -4.07%


Note:
Price movements and new listings reflect market sentiment and Binance’s growing
ecosystem.

Institutional & Political Moves

  • South Korea’s Central Bank launched a virtual asset department
    to explore a KRW stablecoin, signaling institutional embrace of crypto.

  • U.S. Senator Cynthia Lummis proposed including crypto in
    mortgage assessments, a step toward mainstream integration.

  • The White House will release its first crypto
    policy report alongside ADP jobs data, potentially sparking market
    volatility.

Note:
Institutional and political support could drive crypto adoption and price
surges.

What’s Next?

Revolut’s U.S. ambitions, Fed policy tensions, and ETH’s
rising institutional interest signal a dynamic market. Regulatory advancements
like ETF redemptions and staking approvals could further catalyze adoption.
Stay informed with Binance Square for real-time updates and expert
insights.

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