[QCP: Market Stabilizes After Hawkish Fed Decision, Short-Term Resilience of Digital Assets Yet to Be Confirmed] Deep Tide TechFlow reports that on July 31, QCP Capital stated that the Federal Reserve kept interest rates unchanged at 3.50%–3.75%. However, with three committee members supporting a rate hike and Chairman Warsh downplaying explicit forward guidance, the overall stance leaned hawkish. The market briefly reassessed the rate path, with U.S. equities declining after the policy announcement but rebounding later, led by Microsoft on the back of corporate earnings. Bitcoin also weakened briefly before and after the meeting, stabilizing around $64,000. U.S. economic data continues to show divergence: second-quarter GDP annualized growth slowed to 1.5%, but consumer spending and domestic demand remain resilient. The Core Personal Consumption Expenditures (Core PCE) Price Index rose 3.3% year-over-year, indicating that inflation remains a key focus of Fed policy. Asian markets also saw increased volatility. South Korea's KOSPI index posted a record rebound of 17.9% on Friday, after falling more than 17% earlier in the week, reflecting growing interconnectivity between AI-related stocks, regional liquidity, and sentiment in crypto assets. Overall, digital assets demonstrated some resilience in July, but a clear directional signal is still lacking. With the Fed meeting as a short-term catalyst now behind us, interest rate trends, ETF fund flows, and overall risk appetite will remain the core variables determining the next phase of market movements.