![[LIVE] Crypto News Today: Latest Updates for July 31, 2025](https://cimg.co/wp-content/uploads/2025/07/31033559/1753932958-july-31.jpg)
July 31, 2025
5 min read
@cryptonews
Crypto markets mixed as Bitcoin holds 18K post-Fed decision; Hong Kong stablecoin law starts August 1 with limited immediate impact.
[LIVE] Crypto News Today: Latest Updates for July 31, 2025 – Bitcoin Holds $118K After Fed Keeps Rates Steady, ETH Trades Above $3.8K
Crypto markets are flashing mixed signals today as investors digest the Federal Reserve’s decision to keep interest rates unchanged while bracing for macroeconomic headwinds. The crypto market cap is down 3.8%, yet Bitcoin has managed to hold above the key $118,000 support level despite earlier weakness, signaling cautious optimism among traders. Ethereum also remained resilient, hovering above $3,800 amid broader uncertainty fueled by looming U.S. tariffs set to kick in on August 1. While institutional activity and recent large-scale acquisitions offered brief support, the market continues to show signs of fatigue, with risk appetite tempered by global economic concerns.Hong Kong Stablecoin Law Takes Effect August 1, But OTC Crypto Shops Still Unaffected
As Hong Kong’s Stablecoin Ordinance is set to take effect on August 1, local crypto exchange shops continue operating as usual, with no immediate impact on USDT and USDC transactions. According to Daily Economic News, undercover reporting revealed that money changers are still offering over-the-counter crypto trades without requiring a license. Staff noted they have yet to receive regulatory directives. Meanwhile, lawmaker Qiu Dagen warned that once the law is in force, unlicensed platforms selling stablecoins to retail investors will be deemed illegal.Frequently Asked Questions (FAQ)
Hong Kong Stablecoin Law
Q: When does the Hong Kong Stablecoin Ordinance take effect? A: The Hong Kong Stablecoin Ordinance takes effect on August 1, 2025. Q: Will over-the-counter (OTC) crypto shops in Hong Kong be immediately affected by the new law? A: Based on current reports, OTC crypto shops are still operating as usual, and there has been no immediate impact on USDT and USDC transactions. They have not yet received specific regulatory directives. Q: What is the consequence for unlicensed platforms selling stablecoins to retail investors after August 1? A: According to lawmaker Qiu Dagen, unlicensed platforms selling stablecoins to retail investors will be deemed illegal once the law is in force.Crypto Market AI's Take
The current market sentiment reflects a cautious approach from investors, influenced by the Federal Reserve's decision on interest rates and upcoming global economic events like U.S. tariffs. While major cryptocurrencies like Bitcoin and Ethereum are showing resilience, the overall market cap dip suggests underlying concerns about risk appetite. For those navigating these complex market conditions, leveraging AI-powered tools can provide a significant advantage. Our platform offers advanced analytics and trading bots designed to interpret market signals and execute strategies effectively. You can explore our comprehensive suite of AI-powered trading bots to understand how intelligent automation can assist in managing your crypto portfolio. Additionally, staying informed about regulatory changes, such as Hong Kong's stablecoin law, is crucial for understanding the evolving landscape. Our news hub provides daily updates on such critical developments.Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Source: Cryptonews.com