According to The White House (@WhiteHouse), President Biden presented the first-ever Medal of Sacrifice in the Oval Office to honor three Palm Beach County fallen heroes: Cpl. Luis Paez, Deputy Sheriff Ignacio Dan Diaz, and Deputy Sheriff Ralph Butch Waller (source: Twitter, May 20, 2025). This historic government recognition has contributed to a positive shift in public sector sentiment, which can influence institutional investment behavior. Such events often correlate with increased trust in U.S. stability, potentially impacting risk-on assets like Bitcoin and Ethereum as traders assess macro sentiment for crypto market positioning.

According to @intotheblock, both stocks and cryptocurrencies experienced significant declines at the end of July, erasing the gains made throughout the month. Ethereum (ETH) faced particular challenges, likely due to changes in macroeconomic sentiment and profit-taking by investors who had anticipated the launch of an Ethereum ETF.