[August 1st Crypto World News] BTC fell below $115,200, with Ethereum and other mainstream tokens pulling back over 8% due to new tariffs announced by the US, triggering market risk aversion. The SEC pushed for the "Project Crypto" reform, and the stablecoin bill GENIUS Act was passed, making regulation more clear. Indonesia raised the crypto tax to 1%, increasing efforts to combat overseas activities. Institutions like Syz Capital have restarted their BTC fund, signaling a bullish outlook. The market experienced a brief shock, but long-term investors may encounter new opportunities.