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$BTC $ETH $SNDK BlockInfinity Market Update | July 29 The FOMC decision was the biggest event today. As expected, the Fed kept rates unchanged at 3.50%–3.75%, marking the fifth straight meeting without a change. The real surprise was the tone. For the first time since 2016, three Fed members voted in favor of a 25bp hike. While the statement changed little, the Fed reinforced its commitment to the 2% inflation target and signaled that inflation remains a concern. Markets initially welcomed the no-hike decision, but optimism faded as traders absorbed the hawkish message, increasing expectations for a possible September hike. Risk assets were already under pressure. U.S. equities, especially technology and semiconductor stocks, sold off sharply. Micron, SanDisk, Marvell, Intel, and SK Hynix led the decline as investors reduced exposure to AI-related hardware names. Some of the weakness was linked to patent rumors involving Yangtze Memory, which were later denied. Gold recovered after an initial drop, while oil climbed back toward the mid-$80s as Middle East tensions resurfaced. In crypto, BTC rebounded after the FOMC decision but remains stuck in its broader range. ETH continues to show relative strength, while SOL remains weaker than other major assets. Funding rates remain neutral, open interest continues to decline, and institutional flows stay slightly negative. My view remains unchanged: this was a classic hawkish hold. The market has information, but it still lacks conviction. #Fed3Dissents #SpaceX1.6BDeal #HYPEUnstakingWave