China July Data, Alibaba Earnings, Fed Minutes, Iran Sanctions

This is a macro-calendar item rather than a crypto-specific development, and that framing is itself the point: digital-asset sentiment is currently trading off the same inputs as broader risk assets. The Fed minutes and China's activity data carry the most weight for positioning, while the Iran warning introduces a geopolitical tail risk that tends to hit liquidity-sensitive markets first. Alibaba's results matter less for crypto directly than as a read on Chinese demand. Whether any of these catalysts produces a durable move, rather than a one-session reaction, is the open question.