- Bitcoin traded around $118,000-$119,000 on July 29-30, 2025, about 4% below the all-time high of $123,230 reached mid-month.
- The White House released a cryptocurrency policy report on July 30, 2025 described as a “regulatory Bible” for digital assets, detailing stablecoin oversight, banking access for crypto firms, tax policy clarity, and national security concerns.
- Strategy (formerly MicroStrategy) raised about $2.5 billion via a new STRC preferred stock and bought 21,021 BTC at an average price around $117,000, bringing total holdings to 628,791 BTC.
- Marathon Digital Holdings raised $950 million via a private bond sale to expand its Bitcoin treasury to 50,000 BTC, making it the second-largest corporate holder after Strategy.
- SharpLink Gaming raised $279 million and bought 77,210 ETH, bringing its total ETH holdings to 438,190, while BitMine Immersion Technologies holds 625,000 ETH and launched a $1 billion stock repurchase program.
- Ether rose roughly 56% in the past month and traded near $3,900 amid heavy institutional accumulation.
- Binance launched Discount Buy on July 29, 2025 allowing discounted buy orders for BTC, ETH, SOL, and BNB at preset targets, with an extra 10% discount through August 11.
- Coinbase announced it will launch nano XRP and nano SOL perpetual futures on its CFTC-regulated exchange, going live August 18, with each nano XRP representing 500 XRP and each nano SOL representing 5 SOL.
- The U.S. SEC extended the decision on the Truth Social Bitcoin ETF to September 18, 2025, as new Chair Paul Atkins paused several crypto ETF applications to reassess the approach.
- There were no major exchange hacks on July 29-30, 2025, despite ongoing security concerns, following the February Bybit hack of $1.5 billion attributed to North Korean hackers.
Market Overview: Bitcoin Steady, Altcoins Stumble Amid Fed Jitters
Bitcoin held near its record highs as the crypto market navigated macroeconomic crosswinds. Prices hovered around $118,000-$119,000, roughly 4% below the all-time high of $123,230 set mid-month [1]. Investors remained cautious ahead of the U.S. Federal Reserve’s July 30 rate decision, widely expected to hold rates steady despite President Donald Trump pressuring for cuts [2]. July 2025 marked Bitcoin’s fourth consecutive monthly gain, even after a slight pullback from earlier peaks [3].
In contrast, altcoins suffered sharp losses. On July 29, traders unwound risky positions as they braced for the Fed announcement and other economic data [4]. XRP, Solana (SOL), and Cardano (ADA) each fell over 3% in 24 hours, while Dogecoin, Avalanche, and Sui plunged more than 5% [5]. This extended a second week of altcoin declines, leaving XRP and SOL down ~13% and Dogecoin down 18% over seven days [6] [7]. Even Binance’s BNB token slipped below the $800 mark on July 30 amid the broader retreat [8] [9]. Notably, Ether (ETH) remained resilient, trading around $3,800 – roughly flat on the week – buoyed by sustained institutional demand [10] [11]. Overall crypto market capitalization fluctuated but held near $4 trillion, as Bitcoin’s dominance grew with its stability [12].
Macro uncertainty underpinned these moves. Along with the Fed’s meeting, markets eyed a looming August 1 U.S. tariff deadline, where Washington threatened new tariffs absent progress in trade talks with the EU and China [13]. Higher-for-longer interest rates have weighed on speculative assets all year, so any hint of future Fed easing could spark a crypto rally, analysts noted [14]. Conversely, a surprise rate cut (though unlikely) was seen as potentially explosive for Bitcoin’s upside [15]. In this tense environment, Bitcoin largely traded sideways (~$117K–$119K) [16], displaying relative strength while risk appetite in altcoins waned. Despite short-term jitters, BTC was on pace to end July higher, continuing its 2025 uptrend [17].
Regulatory & Policy Developments: U.S. Unveils Crypto Framework, Global Reforms Emerge
A historic U.S. crypto policy overhaul took center stage. On July 30, the White House released a much-anticipated cryptocurrency policy report, described by industry leaders as a “regulatory Bible” for digital assets [18]. Commissioned by President Trump’s January executive order, the comprehensive report outlines how the administration plans to regulate crypto markets [19]. Key areas of focus include stablecoin oversight, banking access for crypto firms, tax policy clarity, and national security concerns around illicit use of virtual assets [20] [21]. The report is expected to guide federal agencies and Congress in crafting cohesive rules, filling gaps as lawmakers debate new crypto legislation [22] [23]. Notably, it may reveal the status of a proposed U.S. strategic Bitcoin reserve. Trump had ordered a study on acquiring Bitcoin for the national treasury, and the report could shed light on that plan alongside current government holdings (the U.S. government already holds about 198,000 BTC from seizures, worth ~$23.2B) [24]. Industry advocates hailed the policy blueprint as a milestone that could finally bring regulatory clarity after years of uncertainty [25].
On the legislative front, the U.S. House of Representatives passed a Stablecoin Act, aiming to establish rules for dollar-pegged cryptocurrencies [26]. The bill, which would create federal oversight for stablecoin issuers, now awaits President Trump’s signature. Lawmakers also advanced a broader crypto market structure bill to clarify the roles of the SEC and CFTC, though that measure still awaits a Senate vote [27]. In the meantime, regulators made a nuanced concession to crypto investment vehicles: the SEC agreed to allow in-kind creations and redemptions for all U.S. spot Bitcoin and Ether ETFs [28]. Previously, crypto ETFs had to handle investor redemptions in cash only; this policy shift, announced July 29, lets funds exchange actual Bitcoin/Ether with authorized participants, aligning crypto ETFs with commodity ETF norms [29]. Asset managers had long sought this change to improve ETF efficiency and reduce costs [30].
Global regulators also took notable actions. Indonesia’s government announced a tax hike on cryptocurrency transactions effective August 1 [31] [32]. The new rules double the tax on trades via domestic exchanges to 0.21% (from 0.1%) and impose a steep 1% tax on trades through overseas exchanges (up from 0.2%) [33]. However, crypto buyers will no longer pay VAT on purchases (previously up to 0.22%) [34] [35]. Indonesia’s finance ministry framed the changes as part of reclassifying crypto assets as financial securities rather than commodities, aligning taxation with stock investments [36]. Domestic exchanges like Binance-backed Tokocrypto welcomed the clearer status but urged a grace period and stronger enforcement against offshore platforms [37]. Meanwhile, Hong Kong’s financial regulators provided an update on their new crypto regime. The Hong Kong Monetary Authority (HKMA) said the first licenses for stablecoin issuers under a recently passed law will likely be granted “early next year” (2026) rather than by late 2025 [38] [39]. Hong Kong’s stablecoin bill takes effect August 1, but officials are proceeding cautiously, planning to issue only a “handful” of licenses in the initial batch [40] [41]. The city has positioned itself as a global crypto hub – local crypto-related stocks surged (one broker’s shares jumped 450% after winning approval to offer crypto trading) – yet the HKMA is warning firms not to hype prematurely [42]. All told, these global regulatory moves underscore a trend toward more structured oversight: from Washington’s sweeping strategy to Asia’s tax and licensing frameworks.
Additionally, in the U.S. regulatory sphere, the SEC extended the review period for a high-profile Bitcoin ETF proposal tied to Trump allies. The agency delayed a decision on the Truth Social Bitcoin ETF (filed by Trump Media & Technology Group) to September 18, beyond the original August deadline [43]. New SEC Chairman Paul Atkins has hit pause on several crypto ETF applications as the Commission reassesses its approach [44]. This delay reflects the cautious stance even as the market eagerly anticipates the potential wave of spot Bitcoin ETFs. And in a notable enforcement policy shift, the U.S. Treasury withdrew a controversial crypto tax rule (from 2023) that would have expanded broker reporting requirements, a move welcomed by the industry as easing compliance burdens [45] [46].
Institutional & Corporate Moves: Bitcoin & Ether Treasuries Swell
Large institutions and corporations doubled down on crypto holdings during this period, underscoring growing mainstream adoption. Michael Saylor’s firm (renamed “Strategy”, formerly MicroStrategy) made a splash with a $2.4 billion Bitcoin purchase [47]. On July 29, Strategy revealed it had sold a new series of preferred stock (ticker STRC or “Stretch”), raising nearly $2.5B – five times the initially targeted amount – and immediately deployed the proceeds into 21,021 BTC [48] [49]. This massive buy, at an average price around $117,000 per coin, brings Strategy’s total holdings to an astounding 628,791 BTC (worth roughly $74 billion at current prices) [50] [51]. The haul solidifies Saylor’s company as by far the largest corporate Bitcoin owner. Investors’ ravenous appetite for Strategy’s Bitcoin-backed preferred shares (which carry a 9% dividend) [52] signals strong confidence in Bitcoin’s long-term trajectory. Saylor framed the move as part of making Bitcoin a core treasury reserve asset for institutions [53]. Similarly, crypto mining firm Marathon Digital Holdings raised $950 million via a private bond sale to expand its Bitcoin treasury [54]. Marathon upsized the deal from $850M due to high demand, ultimately boosting its holdings to 50,000 BTC (~$5.8B) [55]. This makes Marathon the second-largest corporate Bitcoin holder, trailing only Strategy [56]. The actions of Strategy and Marathon highlight a wave of institutional Bitcoin accumulation, as firms bet on digital gold even at six-figure prices.
A parallel race is unfolding in Ether (ETH) accumulation by public companies. Two U.S.-listed firms, SharpLink Gaming (NASDAQ: SBET) and BitMine Immersion Technologies (OTC: BMNR), are vying to build the biggest corporate ETH treasury [57] [58]. SharpLink announced it raised $279 million in late July and used it to buy an additional 77,210 ETH last week, at ~$3,756 each [59] [60]. This brings SharpLink’s total stash to 438,190 ETH (valued $1.7B) [61]. Not to be outdone, BitMine disclosed the same day that it holds 625,000 ETH ($2.35B) in reserve [62], maintaining its lead as the largest ETH-holding company. In a twist, BitMine also unveiled a $1 billion stock repurchase program – a flexible alternative to buying more ETH – as it seeks to boost shareholder value while still targeting control of 5% of Ethereum’s supply in the long run [63] [64]. (For perspective, 5% of all ETH is around 5.6 million coins, which shows the ambition behind their accumulation strategy.) Both companies’ executives compare this Ether strategy to the playbook pioneered by Bitcoin-heavy firms like MicroStrategy [65]. The fierce competition between SharpLink and BitMine has become a subplot of ETH’s 2025 rally [66]. With new Ether ETFs attracting inflows and corporate treasuries buying in, ETH’s price climbed ~56% in the past month and held firm even through the Fed week volatility [67]. The institutional bid under both Bitcoin and Ethereum suggests that blue-chip cryptocurrencies are cementing their status as strategic assets in corporate finance.
Exchange & Platform Updates: New Products and Milestones
Major crypto exchanges and platforms rolled out significant offerings during these two days, aiming to broaden market access and capture fresh trading activity. Binance, the world’s largest exchange, introduced a novel feature called “Discount Buy” via its Binance Earn platform [68]. Launched on July 29, Discount Buy allows users to place buy orders for top cryptocurrencies at preset target prices below the current market – essentially letting investors snag coins at a discount if prices dip to the target by a set date [69]. If the market doesn’t drop to the target, users earn a fixed annualized yield instead, turning the product into a yield-generating instrument [70] [71]. The feature supports assets like Bitcoin, Ethereum, Solana, and BNB, giving traders a way to automate “buy-the-dip” strategies without constant monitoring [72]. To celebrate the launch, Binance offered an extra 10% discount incentive for users who subscribe to Discount Buy by August 11 [73]. Binance VP of Product Jeff Li said the tool “offers flexibility across investment scenarios”, enabling users to either accumulate crypto at bargain prices or earn rewards in volatile markets [74]. This innovative product underscores Binance’s push to engage retail users with structured products typically seen in traditional finance.
Coinbase, the leading U.S.-based exchange, made its own move to expand crypto derivatives for American traders. On July 29, Coinbase announced it will launch “nano” Bitcoin and Ether futures – specifically, nano XRP and nano SOL perpetual futures contracts – on its CFTC-regulated derivatives exchange [75] [76]. Set to go live August 18, these contracts are smaller-sized futures (each nano XRP represents 500 XRP, and each nano SOL represents 5 Solana tokens) designed for retail accessibility [77]. The nano futures will be cash-settled and track the spot prices of XRP and SOL, with built-in position limits and defined trading hours to comply with U.S. regulations [78] [79]. Coinbase’s institutional arm touted this as a milestone in providing U.S. investors more tools for hedging and exposure, noting it aligns with their mission to “redefine market access” in crypto [80]. By offering modestly sized perpetual futures with up to 5-10x leverage, Coinbase is effectively bringing U.S. retail traders into the crypto futures market in a regulated manner that was previously limited to offshore platforms. This launch follows Coinbase’s earlier introduction of nano Bitcoin and Ether futures; adding XRP and Solana taps into two of the largest altcoin markets. The move comes amid a broader industry trend of exchanges seeking to diversify revenue streams – especially as spot trading volumes can ebb, derivatives provide more consistent engagement.
Other platforms reported milestones as well. CME Group, for instance, highlighted that its crypto futures and options volume hit record highs in mid-2025, reflecting a 140% year-on-year increase in trading activity [81]. Traditional finance participants have been increasingly active in CME’s Bitcoin and Ether derivatives, indicating greater institutional involvement in crypto via regulated venues. Meanwhile, smaller exchanges continued facing security challenges (as seen with Bybit’s $1.5B hack back in February, the largest crypto theft on record [82]), but no major exchange hacks occurred during July 29-30. The focus instead was on rolling out new products and complying with evolving regulations.
Security, Hacks & Enforcement: Legal Reckonings in Crypto Crime Cases
While no new hacks rocked the industry on these two days, several high-profile enforcement and legal actions reached turning points, underscoring regulators’ intensified scrutiny of crypto misconduct. In New York, the criminal trial of Tornado Cash co-founder Roman Storm neared its conclusion. On July 29, Storm’s defense team rested its case after he declined to take the witness stand in his own defense [83]. Storm is accused of helping facilitate over $1 billion in money laundering through Tornado Cash, the Ethereum mixer sanctioned by the U.S. Treasury for enabling North Korean hackers and other criminals [84]. His lawyers argue Tornado Cash was merely a privacy tool and that Storm did not intend to abet illicit activity [85]. With Storm opting not to testify, closing arguments were expected imminently and a verdict loomed. The case is being closely watched as a litmus test for developer liability – whether writing open-source code that can be misused by others constitutes criminal conspiracy. Notably, during the trial prosecutors even scrutinized a tongue-in-cheek T-shirt Storm wore in 2019, highlighting the gravity of the government’s case against crypto anonymization services [86]. A conviction could set a precedent affecting other privacy protocol developers.
In a related enforcement saga, the founders of Samourai Wallet – a Bitcoin wallet with built-in mixing features – reached a plea deal with U.S. authorities. On July 30, Samourai’s co-founders Keonne Rodriguez and William “Buck” Hill agreed to plead guilty to charges of conspiracy to commit money laundering [87] [88]. This marks a reversal, as both initially pled not guilty after being indicted last year. U.S. prosecutors alleged the pair’s wallet software (which offers transaction obfuscation via a service called Whirlpool) enabled users to launder proceeds from darknet markets, phishing scams, and other crimes – all while the founders collected $4.5 million in fees from the mixing service [89]. The DOJ contends Samourai’s business operated as an unlicensed money transmitter and specifically catered to hiding illicit funds. By pleading guilty, Rodriguez and Hill potentially avoid a lengthy trial and may receive reduced sentences. The case is significant because Samourai Wallet is a non-custodial, privacy-focused wallet; the prosecution suggests authorities are willing to pursue developers of privacy tools if those tools are heavily used for crime. The founders’ guilty plea “indicates a shift in how authorities view AML laws, possibly extending them to non-custodial wallet providers,” one legal analysis noted [90]. Sentencing will follow, and the outcome could influence how other privacy coin and mixer projects operate under U.S. law.
Even as these court dramas unfolded, the industry took note of past hacking incidents. Analysts released mid-year reports highlighting that over $2.1–3.1 billion in crypto has been stolen in 2025 so far, already surpassing 2024’s total [91] [92]. The single largest theft was the $1.4–$1.5 billion Bybit exchange hack in February, attributed to North Korean state-sponsored hackers [93] [94]. The FBI confirmed the “TraderTraitor” hacker group from North Korea was responsible, and it urged crypto entities to block associated wallet addresses [95]. These staggering figures and enforcement actions serve as a reminder that security remains a paramount challenge. However, there was a rare positive twist in one case: earlier in July, the hacker who stole $42 million from DeFi protocol GMX returned over 90% of the funds after negotiating a bounty, an uncommon happy ending in crypto exploits [96] [97]. Despite such exceptions, regulators and courts in late July clearly signaled a zero-tolerance stance on crypto-related crime and money laundering, from rogue developers to exchange hacks.
Industry Perspectives & Expert Commentary: Debt Fears and Trading Wisdom
The flurry of market activity and policy moves prompted strong opinions from prominent investors and analysts. Notably, billionaire hedge fund legend Ray Dalio grabbed headlines by advocating a much larger allocation to Bitcoin. Dalio, who once was skeptical of crypto, now recommends investors put about 15% of their portfolios into “store-of-value” assets like Bitcoin or gold [98]. Speaking on a podcast about America’s fiscal woes, the Bridgewater Associates founder warned of a “debt doom loop” – with U.S. national debt at $36.7 trillion and rising – that could debase fiat currency [99]. To hedge against possible dollar devaluation, Dalio said, holding hard assets is essential: “If you were optimizing your portfolio for the best return-to-risk ratio, you’d have about 15% in gold or Bitcoin,” he noted [100]. This is a dramatic uptick from Dalio’s prior guidance of 1–2% crypto allocation, reflecting his growing concern about macroeconomic stability [101]. Dalio did clarify he personally still “strongly prefers gold to Bitcoin” and doubts Bitcoin will ever serve as a reserve currency (citing its public ledger as a deterrent for central banks) [102]. Nonetheless, his endorsement of BTC as a portfolio diversifier is seen as validating crypto’s role in global markets, especially coming from a figure of Dalio’s stature. It underscores that even establishment investors now view a Bitcoin allocation as prudent in the face of excessive debt and money printing [103] [104].
Within the crypto trading community, veteran chartist Peter Brandt offered a dose of humility. Brandt, a 79-year-old trader famed for calling past Bitcoin tops, said too many crypto traders “fool themselves” with precise price predictions [105]. In an interview, he argued that chart analysis is useful for identifying trends and favorable risk/reward setups, “but anyone who thinks they can tell you exactly where a price is going is delusional” [106]. Brandt emphasized focusing on probabilities and risk management over bold forecasts, noting he himself cares more about finding trades where he can risk $1 to potentially make $4 than about being right every time [107] [108]. His candid take comes as a reality check amid a bull market where some influencers have thrown out sky-high targets (indeed, speculative predictions of Bitcoin reaching $200K+ in 2025 have proliferated). Brandt’s longevity in markets – he’s traded commodities since the 1970s – lends weight to his caution that volatility goes both ways. Interestingly, he admitted some of his own recent bearish “predictions” were tongue-in-cheek: in June he mused about a 75% BTC crash just weeks before Bitcoin hit a new high, a comment he says was not meant to be taken literally [109] [110]. Brandt’s ultimate point: traders should stay humble and not over-rely on chart divination in such a fast-moving, speculative arena.
Meanwhile, market analysts and industry CEOs reacted to the events of these days with optimism tempered by realism. Many see the White House’s crypto report as a double-edged sword – potentially enabling institutional adoption with clearer rules, but also introducing stricter oversight that some crypto purists may chafe at. Blockchain Association’s CEO praised the report as fulfilling promises to bring order to the regulatory chaos [111]. Summer Mersinger, a prominent lobbyist, called it a long-awaited “first step” to integrate crypto into the U.S. financial system responsibly [112]. On the market front, some traders noted that Bitcoin’s consolidation around $118K is healthy after its strong rally; “a breather before the next leg up”, as one exchange strategist put it, especially if the Fed stays dovish. Others pointed out that Ethereum’s strength – holding near $3.9K with such heavy accumulation – suggests that a supply squeeze could be looming if ETFs and corporates continue to buy faster than new ETH is issued [113]. And in the altcoin realm, analysts are split: Ripple’s XRP, for example, surged to ~$3.16 after legal victories in its SEC case, and speculation about central banks potentially leveraging XRP for cross-border settlements has fueled what some are calling a “historic rally” [114]. Yet skeptics warn that many smaller alts are riding purely on hype and could correct further if liquidity tightens.
Overall, the sentiment across expert commentary is that crypto has entered a new phase of maturity. Institutional and governmental involvement is at an all-time high in mid-2025 – from billion-dollar corporate buys to White House policy – which brings both validation and the inevitability of more regulation. Seasoned voices like Dalio and Brandt advise balancing bold bets with risk awareness. As July 2025 closed, the crypto industry found itself at an inflection point: on one hand, enjoying unprecedented mainstream legitimacy with Bitcoin in six-figure territory and Ethereum near record highs; on the other, facing growing pains as global authorities shape the rules of this still-evolving financial frontier. The news of July 29-30 encapsulated this dynamic two-day whirlwind – a snapshot of a market coming of age amid price thrills, policy shifts, and the promise and perils that lie ahead.
Sources: Major news outlets and industry reports from July 29–30, 2025 have been referenced in-line, including CoinDesk [115] [116], Cointelegraph [117] [118], Reuters [119] [120], Investing.com [121] [122], and other credible crypto news sources. These provide further details on each development discussed above.
References
1. cointelegraph.com, 2. www.coindesk.com, 3. www.investing.com, 4. www.coindesk.com, 5. www.coindesk.com, 6. www.coindesk.com, 7. www.coindesk.com, 8. m.economictimes.com, 9. www.reuters.com, 10. www.coindesk.com, 11. www.coindesk.com, 12. www.coindesk.com, 13. www.investing.com, 14. www.investing.com, 15. www.ainvest.com, 16. www.coindesk.com, 17. www.investing.com, 18. coincentral.com, 19. coincentral.com, 20. coincentral.com, 21. coincentral.com, 22. coincentral.com, 23. coincentral.com, 24. coincentral.com, 25. coincentral.com, 26. coincentral.com, 27. coincentral.com, 28. www.reuters.com, 29. www.reuters.com, 30. www.reuters.com, 31. www.reuters.com, 32. www.reuters.com, 33. www.reuters.com, 34. www.reuters.com, 35. www.reuters.com, 36. www.reuters.com, 37. www.reuters.com, 38. www.reuters.com, 39. www.reuters.com, 40. www.reuters.com, 41. www.reuters.com, 42. www.reuters.com, 43. www.investing.com, 44. www.investing.com, 45. cryptobriefing.com, 46. cryptobriefing.com, 47. www.coindesk.com, 48. www.coindesk.com, 49. www.coindesk.com, 50. www.coindesk.com, 51. www.coindesk.com, 52. www.coindesk.com, 53. www.coindesk.com, 54. www.investing.com, 55. www.investing.com, 56. www.investing.com, 57. www.coindesk.com, 58. www.coindesk.com, 59. www.coindesk.com, 60. www.coindesk.com, 61. www.coindesk.com, 62. www.coindesk.com, 63. www.coindesk.com, 64. www.coindesk.com, 65. www.coindesk.com, 66. www.coindesk.com, 67. www.coindesk.com, 68. www.coinspeaker.com, 69. www.coinspeaker.com, 70. www.coinspeaker.com, 71. www.coinspeaker.com, 72. www.coinspeaker.com, 73. www.coinspeaker.com, 74. www.coinspeaker.com, 75. cryptobriefing.com, 76. cryptobriefing.com, 77. cryptobriefing.com, 78. cryptobriefing.com, 79. cryptobriefing.com, 80. cryptobriefing.com, 81. www.cmegroup.com, 82. www.dlnews.com, 83. www.mlex.com, 84. holder.io, 85. financefeeds.com, 86. cointelegraph.com, 87. cointelegraph.com, 88. cryptorank.io, 89. cryptorank.io, 90. www.onesafe.io, 91. cointelegraph.com, 92. cointelegraph.com, 93. www.dlnews.com, 94. www.ic3.gov, 95. www.ic3.gov, 96. www.dlnews.com, 97. www.dlnews.com, 98. cointelegraph.com, 99. cointelegraph.com, 100. cointelegraph.com, 101. cointelegraph.com, 102. cointelegraph.com, 103. cointelegraph.com, 104. cointelegraph.com, 105. cointelegraph.com, 106. cointelegraph.com, 107. cointelegraph.com, 108. cointelegraph.com, 109. cointelegraph.com, 110. cointelegraph.com, 111. coincentral.com, 112. coincentral.com, 113. www.coindesk.com, 114. cointelegraph.com, 115. www.coindesk.com, 116. www.coindesk.com, 117. cointelegraph.com, 118. cointelegraph.com, 119. www.reuters.com, 120. www.reuters.com, 121. www.investing.com, 122. www.investing.com