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BlockBeats News, August 2 — Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), will embark on a ten-city tour this fall as part of the SEC’s newly launched public engagement initiative on cryptocurrency. The regulator announced on Friday that it will host a series of roundtable meetings aimed at soliciting feedback from industry stakeholders, developers, and investors on new digital asset regulations under consideration. “The Crypto Working Group is acutely aware that any regulatory framework will have far-reaching consequences, and we want to ensure our public engagement is as comprehensive as possible,” Peirce said in a statement. The agency’s Crypto Working Group is “particularly interested” in meeting with crypto startups that have been established for less than two years and have no more than ten employees. These roundtable discussions will take place from August to December. Many of the SEC’s roundtable meetings in 2025 have received feedback from crypto institutions such as a16z Crypto and traditional asset management firms like BlackRock. In previous roundtable discussions, the Crypto Working Group has explored topics including cryptocurrency regulation, custody, tokenization, and decentralized finance.

BlockBeats News, August 2 — Trader Eugene Ng Ah Sio stated on his personal channel that he has once again gone long on ETH. He noted that bullish sentiment for August has been embraced by the market too early, but believes that $113,000 for BTC and $3,500 for ETH remain reasonable entry points, with stop-losses set below $112,000 and $3,400 respectively. Although the hype around Data Availability Technology (DAT) may gradually fade, there is still substantial structural buying in the current market, so it is not advisable to turn bearish too quickly. Many people swing back and forth between “the bull market is back” and “it’s all over,” failing to realize that the market is not simply a binary choice between these two extremes.