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Based on reports from the trading account Bitcoinensus on X, PEPE has formed a pattern that led to a 10x rally in the past. Now, some chart watchers believe a similar move could push prices even higher—possibly up to 20X the current level. Flag And Breakout Signals Drive Hope Traders spot a “flag” shape when price moves sideways after a drop and rise. Bitcoinensus pointed out that PEPE first formed one flag, then shot up from about $0.0000015 to $0.000015—a roughly 10x gain. The chart showed a second flag forming recently, and if PEPE breaks out again, it could mirror that earlier surge. Based on reports, a fresh breakout might send PEPE toward a 20X move from today’s prices. Price Targets And Support Levels Tested In a follow‑up post, Solberg Invest on X laid out a bullish short‑term view. Their target sits at $0.000015 if PEPE holds above the key support line at $0.0000102. That level has been tested multiple times in recent weeks, demonstrating some buying interest each time prices approached it. Traders warn that slipping below $0.0000102 could derail hopes for the next big leg up. Triangle Formation Signals Tension A recent chart indicates that PEPE is trading within a triangle pattern. Traders track triangles closely because they can lead to rapid moves following a breakout. Currently, PEPE is wedged at the top of this triangle. When trading volume picks up and the token closes over the old resistance line (indicated in red), it could ignite a new wave of buyers. Community Buzz Keeps Meme Coins Alive Meme tokens survive by social fervor, and PEPE has developed a devoted fan base on sites like X. Meme posts and community-led memes have powered previous rallies, prompting new investors to jump aboard. According to reports, continued buzz might be sufficient to initiate another run at least in the near term. Risks And Rewards In Focus Even if history does rhyme, it doesn’t often repeat itself. Previous runs had PEPE tank just as severely, losing as much as 95% of profits in one session. Gambling on a 20X spike involves taking wild swings and sudden plunges. Anyone considering coming in at $0.0000102 should have in mind exit points and only risk capital that can be safely lost. Featured image from Meta, chart from TradingView

Copper prices jumped by double digits on Tuesday after US President Donald Trump announced plans to implement a 50% tariff on the industrial metal. “I believe the tariff on copper we’re going to make it 50%,” Trump said when asked by a reporter what the rate on those products would be. In New York, the most-traded copper futures soared to a record $5.9535/lb. following Trump’s announcement, for an intraday gain of nearly 17%. By 2 p.m., the contracts had settled to around $5.5495/lb. The copper levy is part of a set of looming sectoral tariffs the US President has planned on select industries. Other sectors that may be impacted include drugs and semiconductors. In late February, Trump directed the Commerce Secretary to open an investigation into foreign copper imports under Section 232 of the Trade Expansion act.

Trading around ~$44,291 at the time of writing, the Dow Jones Industrial Average (DJIA) remains largely unchanged in today’s trading, trading around ~0.09% some open hours after the open. Otherwise, the S&P 500 trades ~0.26% higher in today’s session, while the Nasdaq-100 trades ~0.41% higher. Dow Jones (DJIA): Key takeaways from today’s session Having fallen ~0.91% from five-month highs in yesterday’s session, the Dow Jones now remains broadly unchanged in value in today’s tradingOf the Dow Jones, Nasdaq-100, and the S&P 500, the Dow is the only US index not to have recently renewed all-time highs, and is yet to surpass highs made in late JanuaryTariff fears, this time renewed by a series of letters sent Monday by President Donald Trump, are currently dampening market growth projections similar to earlier this year close Dow Jones Industrial Average (US30USD), OANDA, TradingView, 02/07/2025 Dow Jones Industrial Average (US30USD), OANDA, TradingView, 02/07/2025 If bulls are able to stage another leg higher, expect resistance at previous highs of ~$45,060, then ~$45,506Support remains unbroken and can be found at $43,785, then $43,411 Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Ripple’s dollar-pegged stablecoin, Ripple USD (RLUSD), has spent the past six months quietly becoming one of the fastest-growing assets in the $160 billion stable-value sector, even though almost all of its issuance still sits on a rival network, not the XRP Ledger. That dichotomy—95 percent of the $455 million supply now lives on Ethereum—was the starting point for a lively weekend exchange on X between XRP pundit “Crypto Eri” and sceptics who questioned whether Ripple’s plans would ever benefit the XRP Ledger (XRPL) itself. XRP’s Hidden Advantage? “Ripple is a long-game player,” Eri wrote. “Its public statements to integrate smart contracts on the mainnet will eventually position RLUSD on XRPL as a more competitive stablecoin, with faster and cheaper settlements than Ethereum.” The remark landed just days after Ripple switched on its EVM-compatible sidechain, bringing full Ethereum-style smart-contract functionality to XRPL on 30 June 2025. More than 1,400 contracts were deployed in the first week, according to developer telemetry, and the bridge is already live to 80 other chains through Axelar. On-chain data underscore the stakes. RLUSD’s circulating supply rose by 47 percent in June alone to $455 million, the fastest pace among major stablecoins, with roughly $390 million now native to Ethereum after a four-fold expansion since January. Only about $65 million remains on XRPL. That imbalance prompted one user to tell Eri that RLUSD’s utility “impacts ETH more than XRP.” She conceded the point—“correct, for now”—but argued demand would migrate once XRPL’s programmability and liquidity deepen. Ripple’s strategy hinges on more than code. On 2 June the company applied to the US Office of the Comptroller of the Currency for a national trust-bank charter. A parallel filing by its subsidiary, Standard Custody & Trust, seeks a Federal Reserve master account so that RLUSD reserves can eventually sit at the central bank rather than a correspondent institution. The timing aligns with the pending GENIUS Act, bipartisan legislation that for the first time would impose a single federal regime on payment-stablecoin issuers. While the bill’s $10 billion-asset threshold means RLUSD could remain under New York oversight for now, the application positions Ripple to graduate into federal supervision voluntarily—a move CEO Brad Garlinghouse has called a “new (and unique!) benchmark for trust in the stablecoin market.” Eri underscored the charter angle in her post: “The national banking license application, aligned with the GENIUS Act, secures a Federal Reserve master account … enhancing trust, expanding crypto financial and payment services, and removing the patchwork of state licenses, enabling continued scalability at lower cost.” If the charter is granted and RLUSD begins to migrate on-demand to XRPL, two flywheels favor the native token, analysts say. First, RLUSD remittances on XRPL would pay transaction fees in XRP, turning every dollar of stablecoin volume into incremental demand for the asset Ripple still holds in large quantities. Second, the EVM sidechain lets decentralized-finance builders tap RLUSD liquidity without leaving XRP’s low-cost consensus layer, potentially reversing the flow of users and liquidity that has so far moved toward Ethereum. “These calculated steps in the $$$$$-dollar stablecoin market give the digital asset XRP enormous potential, but require more time to unfold,” Eri argues. For now, RLUSD’s growth is still driven by Ethereum’s DeFi economy, and sceptics like user “sammie” insist “it’s always going to be like this.” Eri’s final reply was succinct: “Let’s see. I know we’ll be touching base often!” That brevity captures both the promise and the uncertainty ahead. Technical rails are in place; regulatory applications are filed. Whether capital, compliance, and market demand will converge quickly enough to shift billions of RLUSD onto XRPL—and in turn lift XRP’s utility—remains the multi-billion-dollar question. At press time, XRP traded at $2.27.

McFarlane Lake Mining (CSE: MLM; US-OTC: MLMLF) is acquiring what it considers to be “one of the largest undeveloped gold properties in Ontario” from Aris Mining (TSX: ARIS; NYSE-A: ARMN) in a deal valued at $22 million. The Juby gold project lies approximately 100 km west of the city of Temiskaming Shores, and is geologically part of the Abitibi greenstone belt, which has produced over 200 million oz. of gold in its history. The property currently has four identified mineralized zones (Juby, Golden Lake, Big Dome and Hydro Creek), with a combined resource of 21.3 million tonnes indicated grading 1.13 grams per tonne (g/t) gold and 47.1 million tonnes inferred at an average grade of 0.98 g/t gold. All four zones, according to McFarlane Lake, would be amenable to open pit mining methods, and have the potential for further resource growth based on historical drilling records. Mark Trevisiol, CEO of McFarlane Lake, says the acquisition represents “a significant step forward” for the company in building its gold resource base, with the Juby property adding over 2.2 million oz. in contained gold. This, he adds, would move McFarlane Lake from an explorer into developer status. The company currently holds six projects in Ontario, three of which are past producers. In addition to Juby, McFarlane Lake would also gain Aris’ 25% joint venture interest in the nearby Knight property, which historically produced 232,000 oz. at 5 g/t gold. For the property sale, Aris will receive $10 million cash on closing and another $12 million worth of McFarlane Lake shares. Completion of the transaction is conditional on McFarlane Lake raising at least $10 million in a concurrent financing. McFarlane Lake’s Canadian-listed shares surged 10% on the acquisition, taking its market capitalization to C$13.5 million ($9.9 million).

If you’ve been around crypto long enough, you know the signs. Bitcoin wakes up. Ethereum starts stretching. Suddenly, the air feels different. Whispers of the next bull run are back. And as always, the early birds are hunting for that next moonshot. While most eyes are glued to the usual suspects, a slithery new player is wriggling into the spotlight – and no, it’s not another dog coin. Snaky Way ($AKE), a meme coin with actual utility, is now in the presale phase and turning heads. Packed with AI-powered buybacks, multichain access, and a play-to-earn game, Snaky Way is shaping up to be a meme coin with real staying power. The crypto presale is now live, and early buyers are already scooping up $AKE at just $0.0000942. Let’s dive in – but watch your step, there might be a snake lurking nearby. What Is Snaky Way ($AKE) and Why Is It Different? Snaky Way ($AKE) is part meme coin, part AI bot, and part arcade. That’s already three more things than most of the best meme coins offer. The token at the center of it all is $AKE – yes, like ‘snake’ without the ‘sn.’ It’s crawling onto seven blockchains, including Ethereum, Polygon, and Arbitrum, so you can dodge gas fees like a ninja. But here’s the real twist: they’ve embedded an AI agent into the smart contract that automatically buys back tokens when the price starts to dip. Think of it like a tiny, caffeinated trader living in your token. It watches the price 24/7. When panic sellers show up, it steps in and buys the dip – automatically. That helps smooth out those gut-wrenching price dumps that meme coins are famous for. Oh, and there’s a snake-themed game coming too. Win matches, earn $AKE, and spend tokens on in-game gear and tournaments. So instead of just hoping the token moons, you’re actually doing something with it. Imagine if Flappy Bird paid your rent – it’s a bit like that, just less flapping and more slithering. Why Buy $AKE Right Now? Right now, you can snag $AKE for just $0.0000942. That’s couch-cushion money. But we’ve all seen what happens when a meme coin catches fire. Just ask early $DOGE or $SHIB holders, who are looking at returns of over 30,000% and 800,000%, respectively, since listing. The presale is already gaining momentum with $164K raised and climbing. This isn’t just a hobby project with vibes and a dream. The team’s got a roadmap, audits, and tokenomics that actually make sense. Only 3% of tokens go to the team, and they’re vesting. That’s a far cry from the usual 20%+ cash grabs you see all over new crypto launches. They’re setting aside 30% of the supply for early buyers and using 29% for marketing, which, let’s be real, is the lifeblood of meme coins. Even the best altcoins need eyeballs to grow. The rest goes to liquidity, staking rewards, and community goodies. Speaking of staking, early $AKE holders are seeing annual returns north of 10,000% right now. That number will shrink as more people join, but hey, it’s not every day that your meme coin offers rewards that look like lottery numbers. With strong tokenomics, multichain support, and a game that gives the coin purpose beyond ‘number go up,’ Snaky Way is sliding into some serious potential. Don’t Sleep on the Snake The Snaky Way ($AKE) presale is live, and the stars are lining up. You’ve got meme appeal, gaming utility, and a smart AI system keeping price dips in check. It’s weirdly serious for a meme coin, and that’s exactly why it might surprise everyone when the market starts heating up again. Meme coins usually come down to hype and timing. Snaky Way brings something new to the table: a reason to stay. And if history repeats itself, the next bull run might just crown a new reptilian king. As always, remember this is not financial advice, and do your own research (DYOR) before investing in crypto.

⚠️🌕 Ouro atinge mínima semanal O preço do ouro (XAU/USD) acaba de registrar sua mínima da semana, em meio a uma combinação de fatores que aumentam a pressão vendedora no curto prazo: 📉 Fatores que pesaram sobre o metal: Aversão ao risco limitada: Apesar das tensões geopolíticas e tarifárias, os mercados acionários globais seguem firmes, limitando a busca por proteção em ouro. Recuo técnico: Após testar máximas acima de US$ 3.320, o ouro enfrenta realizações de lucro, com suportes em US$ 3.280 e US$ 3.250 sendo monitorados. Força do dólar (DXY): O índice do dólar testou fundo de longo prazo e ameaça reversão altista, pressionando commodities precificadas em dólar. Expectativas de juros: A ata recente do FOMC e falas de autoridades do Fed sugerem que o corte de juros não está iminente, o que diminui o apelo do ouro, que não paga juros. 🔍 Níveis técnicos importantes – XAU/USD Resistência chave: US$ 3.320 / US$ 3.345 Suporte imediato: US$ 3.280 Suporte crítico: US$ 3.250 (nível psicológico + base de congestão) 📊 Impacto e o que esperar Com a aproximação da nova rodada de tarifas americanas (1º de agosto), a expectativa é de aumento na volatilidade. Caso os riscos geopolíticos se intensifiquem ou dados macroeconômicos decepcionem, o ouro pode voltar a ser favorecido como porto seguro. Por outro lado, uma resolução diplomática ampla ou reversão do Fed para uma postura mais hawkish podem manter o metal pressionado no curto prazo. 📌 Análise técnica e macro por Igor Pereira — ExpertFX School Continue acompanhando os relatórios e atualizações em tempo real no site e no canal.

The court-appointed administrator of Barrick Mining’s (TSX: ABX; NYSE: B) Loulo-Gounkoto complex in Mali is planning to sell some of the gold from the mine site to fund an operation restart, according to Reuters. In a report Tuesday, Reuters, citing multiple sources, said that Soumana Makadji, the temporary administrator of the mine operation, intends to sell one metric ton of the gold from the site’s storeroom. Funds from the planned gold sale could be worth about $107 million and are expected to be used to finance operational expenses, including salaries, fuel and unpaid dues to contractors, the report said. In addition, Reuters sources have indicated that Makadji has enlisted the state mining company’s chairman and former Loulo-Gounkoto executive Samba Toure to support the mines’ restart, and the plant has already resumed operations. Battle for control Loulo-Gounkoto represents one of Barrick’s most significant assets, accounting for about 15% of its total output up until its suspension this January. The gold complex has become the subject of intense dispute between the Canadian miner and the Malian state for the past two and a half years following the introduction of a new mining code in 2023. The situation escalated in late 2024 as Mali’s military-led government, which held a 20% in Loulo-Gounkoto, looked to stamp its authority by blocking Barrick’s gold exports, seizing its stockpiled production and detaining company staff. These actions eventually led to its suspension earlier this year. Eyeing a restart of operations under its control, the Malian state asked the commercial court in Bamako to intervene in the dispute in May and place the gold mines under provisional administration. That request was met last month, with the court appointing Makadji as administrator for six months. In late June, a Bloomberg report came out stating that Makadji wants to restart gold mining at Loulo-Gounkoto for its potential contributions to the Malian economy. However, Reuters‘ report on Tuesday noted that challenges could surface given the scale of Loulo-Gounkoto and complexity of running the operation. “Even if production starts, we would need at least four months to get back to normal pace,” one of its sources said. Barrick response In response to the potential restart under Malian control, Barrick’s CEO Mark Bristow told Reuters that he will challenge the government’s moves in international courts. “We will use every legal measure at our disposal to hold the state and the individuals involved accountable for these unlawful actions to protect our people and to defend our investments,” Bristow said, adding that Mali had not acted in good faith. Bristow also expressed doubts about Mali’s ability to operate the gold mines. “We are concerned that such attempts will cause severe damage to the long-term prospects of the complex,” he said. For the quarter ended December 2024, Loulo-Gounkoto’s all-in sustaining cost was about $100 million. Barrick did not respond to MINING.COM’s request for comments at the time of writing.

Solana meme coin launchpad Pump.fun has lost a significant chunk of its market share to LetsBonk.fun. This comes just ahead of the former’s token generation event, in which the launchpad could raise up to $4 billion. Solana’s Pump.fun Loses Dominance To LetsBonk.fun In an X post, Solana News revealed that Pump.fun has hit a new all-time low with just a 36% market share, while LetsBonk.fun’s market share has surged to 54%. Jup data also confirms this development. At press time, LetsBonk boasts a market share of 48.90%, with a 24-hour trading volume of $539 million. On the other hand, Pump boasts a market share of 39.80%, with a 24-hour trading volume of $438 million. This development comes amid Pump.fun’s proposed public token sale, scheduled for July 12. Well-known Solana influencer Lynk has described this token sale as the “final scam” for the meme coin launchpad. The platform has been under heavy criticism for the amount of money that it has extracted from the Solana ecosystem, without incentivizing community members in any way. Some community members had expected Pump.fun to airdrop its token to rewards platform users instead of conducting a public token sale. Lynk shared details of the public sale, with the meme coin launchpad planning to sell the ‘PUMP’ tokens $0.004 each. The token boasts a total supply of 1 trillion, meaning a fully diluted value (FDV) of $4 billion. However, Pump.fun plans to raise around $600 million from the public token sale, as only $150 billion tokens will be available. The meme coin launchpad is expected to also conduct a private sale in order to complete its $1 billion capital raise effort, as earlier reported. LetsBonk.fun To Keep Dominating Pump.fun In an X post, crypto influencer Unipcs, also known as ‘Bonk Guy,’ opined that Pump.fun isn’t done, but that LetsBonk.fun will likely continue to be the industry leader. He predicts that this will be the case for the foreseeable future. He outlined several reasons why he believes this would be the case. Firstly, he stated that LetsBonk’s pro-creator, pro-people, pro-Solana ecosystem alignment is a massive strength over Pump.fun. Secondly, Bonk Guy remarked that the strong culture of support within the BONK ecosystem is incredibly hard to replicate by any other platform in a short period. Furthermore, the crypto influencer remarked that Pump.fun had a lot of momentum as a tokenless protocol, especially with a token generation event (TGE). However, LetsBonk.fun was able to flip the platform during this period. As such, Bonk Guy believes that it is hard to see Pump.fun sustainably recover the kind of market share it once had after the TGE event. He also suggested that a “non-negligible amount of activity on Pump.fun is inorganic with a lot os users farming on the platform, hoping that there was going to be an airdrop. As such, the influencer believes that the traffic will dry up once the TGE is over.

Meme coin TRUMP made waves when it launched on Solana on January 17, 2025, issuing 200 million tokens out of a planned supply of 1 billion. According to trading data, its price shot from under $10 to a whopping $80 within hours, pushing its fully diluted valuation to nearly $75 billion. But by July 2025, TRUMP had tumbled back to $8.60, a 90% drop from its peak. Its circulating market cap now sits around $1.70 billion, with a fully diluted value of about $8.60 billion. Cross Chain Push Into Tron Based on reports from the project’s official X account, TRUMP plans its first expansion beyond Solana by launching on the Tron blockchain. This move is designed to tap Tron’s large user base and faster transaction speeds. Tron boasts over 100 million accounts and sub‑second confirmations, which the TRUMP team believes could fuel a fresh wave of buyers and traders. Volatile Price Swings Define TRUMP TRUMP’s rollercoaster debut underlines extreme volatility. After the initial frenzy in January, the coin’s price plummeted by 88% from $80 to $8.60. That slide erased roughly $65 billion in valuation. Today’s price reflects speculative trading rather than any long‑term adoption. Investors who rode the peak saw massive gains briefly, then steep losses just as quickly. Justin Sun’s Big Stake On May 20, 2025, Tron founder Justin Sun tweeted that he is TRUMP’s largest holder. He reportedly owns nearly $19 million worth of tokens after a $75 million investment in Trump’s World Liberty Financial platform. Sun’s position comes with perks. He won a “private dinner” alongside the top 220 token holders, securing a seat at US President Donald Trump’s Virginia golf club. Critics say that kind of setup blurs the line between crypto hype and pay‑to‑play politics. Central Control Raises Warnings Two Trump‑affiliated companies, CIC Digital LLC and Fight Fight Fight LLC, control 80% of TRUMP’s token supply. Those tokens are locked under a three‑year vesting schedule. Analysts warn that when insiders hold such large shares, they can sway prices at will. That level of centralization runs counter to crypto’s promise of open and fair systems. Senators Richard Blumenthal, Elizabeth Warren, and Jeff Merkley have called for new rules to curb how politicians and their allies can launch or endorse digital coins. They argue that projects like TRUMP could be used for personal gain or campaign boosts, creating a need for clearer boundaries. Traders And Regulators Brace For Tron Launch As TRUMP eyes a Tron debut, traders and regulators alike will watch closely. The move could spark a fresh surge in trading volume. Yet the same factors that drove its initial spike—viral hype, insider perks, and a heavy token concentration—could just as easily lead to another steep plunge. Featured image from Bankless Times, chart from TradingView

Markets seem to be shrugging off of the latest dramatic deadline pushback from the Trump Administration – after menacing Japan, South Korea and other Asian countries for 25% tariffs in a letter sent yesterday that sent markets shaking, the renewed TACO trade is in getting priced in. The July 9th deadline recently got pushed back again to August 1st, allowing trade negotiations to continue. Markets got scared yesterday and the Dow particularly suffered from the headlines, closing down 0.94% from its open. Participants learn from their mistakes, and knowing with who they are treating, they are starting to put less emphasis on all the headlines. US President Donald Trump is the author of the 1987 The Art of the Deal publication, reminding that words and talks are just a part of negotiation schemes. Sentiment is currently mixed and the current session is not showing any signs of concrete direction – The Dow opened down small, and the Nasdaq and S&P 500 are up small from the latest pushback. Only the US Dollar is appreciating from the most recent tariff headwinds, leaving markets waiting again. Read More: RBA holds rates despite expectations — a look at past central bank surprises close Dollar Index 1H Chart, July 8, 2025 – Source: TradingView Dollar Index 1H Chart, July 8, 2025 – Source: TradingView Although trading close to overbought levels, the US Dollar is starting to look technically less bearish than it was in the past weeks – particularly as the DXY recently touched the target of its Weekly, massive Head and Shoulders (lows around 96.50). Prices just broke out from the Main descending channel as uncertainty and still heavily one-sided selling positioning is leading to position covering. Watch for either a reversal upwards, a concrete breakout can be expected above the 98.00 psychological handle – or rangebound action at current levels. Levels to place on your charts: Resistance Zones: Immediate Pivot 97.60 to 97.80Current Resistance 98.00 ZoneMain Resistance 99.20 to 99.40Support Zones: 1H MA 50 97.25Current Low Consolidation Support 97.00 Zone2025 Lows around 96.50 Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns Oil prices surged yesterday after gapping down over the weekend. The gap down came about as the OPEC+ group, which includes OPEC and its allies, agreed to increase oil production by 548,000 barrels per day in August. This is a bigger rise compared to the 411,000 barrels per day added in each of the last three months. The surprise for many is the rise in Oil since Sunday night's market opened, and from my point of view there are two reasons for this which we will break down now. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 66.1564.7362.00Resistance 68.5070.0071.38Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

The Australian dollar is in positive territory after a three-day skid. In the North American session, AUD/USD is trading at 0.6532, up 0.50% on the day. The Australian dollar rose as much as 0.95% earlier before retreating. RBA shocker The Reserve Bank of Australia blindslided the markets on Tuesday as the central bank held the cash rate at 3.85%. The markets had priced in a quarter-point cut at 96%, but the RBA had the last laugh. For the first time, the RBA published the vote tally, which was 6-3 in favor of maintaining the rate. The rate statement was cautious, as members said "there are uncertainties about the outlook for domestic economic activity and inflation". Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

While traders operate in a world of instant information—where events from the other side of the globe are known in seconds—the actual unrolling of events is difficult to predict as life is chaotic and although history rhymes, it never repeats itself. Thinking in probabilities is one of the most valuable habits a trader can develop, and this is what most markets does in the long-run, trying to price in events. However, markets (and Central Banks) have never shied away from delivering surprises. A central element in forex trading is the market pricing of interest rate decisions, as it fundamentally shapes expectations for a currency’s current and future demand. This is why economic data releases carry so much weight—they influence and constantly reshape those expectations. Generally, weak or deteriorating data prompts markets to price in rate cuts, while strong data often delays cuts or even reintroduces the possibility of further rate hikes. Of course, these dynamics are always relative to the current policy rate, recent central bank decisions, and the broader global rate environment. This is precisely why the Federal Reserve has been reluctant to cut, despite analysts having attempted to price in cuts repeatedly over the past two years—something President Trump has often criticized. Cutting rates in a still-strong US economy would risk overheating demand and reigniting inflationary pressures. A good example of this surprise factor came in yesterday’s rate decision from the Reserve Bank of Australia (RBA). While 31 out of 37 analysts expected a cut—and the market had priced in a 95% chance by Friday—the RBA opted to hold rates steady. This is where the trader’s mindset comes in: How significant is that remaining 5% probability? As history has shown, some central banks have a reputation for unexpected moves. And while many—particularly the Fed with ZSJ's TImiraos tweets—now go to great lengths to telegraph their decisions. Meanwhile others, such as the Bank of Canada and RBA, remain more prone to surprises; For better understanding, more accurate preparation and less surprises, it is essential to learn more on previous moves from Central Banks. Read More: Trump Tariff Dilemma, EU Trade Deal and DAX Back Above 24000 close AUDUSD 1H Chart, July 8, 2025 – Source: TradingView AUDUSD 1H Chart, July 8, 2025 – Source: TradingView Cuts tend to depreciate a currency, and a lack thereof would thereby strengthen it – This was also the case for the US Dollar throughout 2024 as cuts kept getting priced out. AUDUSD showed a 500 pip candle at the 00:30 Policy Rate Decision release. RBA Governor Bullock mentioned that "people got too excited at the mention of a 50bps cut" at the past meeting, especially while the Australian Economy is still performing quite well and the unemployment rate (close to 4.1%) is still very low.| The AUD is still giving up some of its prior gains though and AUDUSD seems to be stuck in a 800 pip range between 0.6480 and 0.6560. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

XRP is showing mixed signals across timeframes, leaving traders on edge as the price approaches the key $2.35 level. While a recent breakout from a falling wedge on the 3-day chart suggests a bullish reversal, the 4-hour chart reveals signs of slowing momentum and a possible rising wedge. With buyers and sellers locked in a battle, $2.35 could be the tipping point that decides whether XRP surges higher or slips into a near-term correction. XRP Breaks Out Of Falling Wedge On 3-Day Chart In an X post, LSplayQ highlighted a key technical development on the XRP 3-day price chart, pointing to a breakout from a falling wedge pattern. This type of pattern is commonly associated with bullish reversals, signaling that market sentiment may be shifting in favor of the bulls. Following the breakout, XRP is currently trading around $2.26, and according to LSplayQ, the move suggests that buyers are stepping back in to reclaim control. The price action marks a significant shift after an extended period of downward compression within the wedge. If the bullish momentum continues, LSplayQ notes that XRP could target a breakout level near $2.72, which represents an upside potential of roughly 20% from the current price. That said, LSplayQ also warns of the risk of a pullback if XRP fails to hold above the wedge breakout level. In such a scenario, the price could retest the $2.10 zone as a potential support. Overall, the technical outlook leans bullish, as long as XRP maintains its position above the breakout level. Rising Wedge Pattern Signals Caution Ahead In a post on X, The Crypto Bushman pointed out that XRP is pushing higher on the 4-hour chart, but warned that seasoned traders are keeping a close eye on what lies beneath the surface. According to the analyst, the price is currently trading above both the 20- and 50-day EMAs, which typically signals short-term strength. However, the overall structure appears to be forming a rising wedge, a pattern often linked to potential reversals. At the same time, momentum is beginning to fade, with the MACD flattening and volume tapering off, which Bushman describes as classic signs of a potential trap move. The Crypto Bushman emphasized that a failure to break cleanly above $2.35 could lead to the setup rolling over. In that case, the $2.25 zone becomes a critical level to watch for a possible breakdown and shift in sentiment. On the flip side, a strong breakout backed by volume could fuel another leg up toward $2.50 if buying pressure returns decisively.

One of the leading meme coins on the Base network, DEGEN crypto, is up nearly 20% in the last seven days, while the unofficial Base mascot, BRETT, is up 7% in the same time – signs are beginning to point toward an incoming Base altcoin ‘szn’. Currently, most on-chain attention is focused on Solana due to the recent surge in the Bonk ecosystem and the upcoming launch of the Pump.fun token, which is dominating social media’s attention. However, there is a valid reason to believe that the PUMP token could drain a significant amount of liquidity from the market, which is where Base can step in as a safe haven for on-chain degens. (COINGECKO) Base Chain Sentiment Check – DEGEN Crypto Leading The Way Right Now DEGEN crypto is one of the more well-known Base chain projects, originating from the decentralized social network Farcaster. It has quickly become the face of the social network platform while breaking out into the broader Base ecosystem. Launching in January 2024, DEGEN remained under the radar until around March of the same year, when it surged from around $0.0008 to $0.056 in less than a month, an increase of approximately 70x, which also marked its all-time high that still holds to this day. It all paid off in October last year when DEGEN crypto received a Coinbase listing, a coveted accomplishment that no other meme coin on Base has achieved to this day, including BRETT. This was monumental for the DEGEN token and helped establish it as a major player on Base, bringing with it the consistent volume that comes with being listed on one of the world’s largest centralized exchanges. DISCOVER: 20+ Next Crypto to Explode in 2025 Even in the current low-volume market, DEGEN consistently processes more than $10 million in daily trading volume, an impressive feat for a project with a market cap of just $80 million. Talking of market cap, DEGEN is down 94% from its all-time high, offering a lucrative risk-reward opportunity for a leading Base project that has suffered with the downturn across the broader market. To see a return to those March 2024 highs, DEGEN crypto needs to achieve a 15x price increase, which seems not entirely unrealistic given its nature as an established Base chain meme coin available to the 10 million+ active monthly users on Coinbase. Away from DEGEN, BRETT remains the leading meme coin on Base, boasting a $430 million market cap. It is the first Base meme coin to become a billion-dollar project, reaching a peak of $2.1 billion in December 2024. Utility On Base – GIZA Holding Well As A Leading AI Project (SOURCE) GIZA crypto burst onto the scene in June as an emerging powerhouse in the AI Agent space on Base. While dominated by the Virtuals ecosystem, GIZA stands alone as a key infrastructure protocol for intelligent, automated decentralized finance (DeFi) systems. It briefly reached $0.5 at the beginning of June, as the Base ecosystem was hot, but has since cooled off and is now trading for around $0.175. For a new project to consistently range between $10 million and $40 million in market cap, while the narrative has shifted away from Base and onto Solana and its Bonk ecosystem, it highlights the project’s strength and long-term position, as opposed to being another flash in the pan. GIZA raised $6.7 million across three separate funding rounds between 2023 and 2025, which was led by some heavy-hitting VCs, including Coin-Fund, Coinbase Ventures, and Arrington Capital. This backing has given GIZA the time and space to focus on building its AI Agent DeFi ecosystem. The project offers users the option to earn yield through its autonomous AI agents, which are deployed with hyper-intelligent trading strategies. The GIZA dashboard shows that all utility-based metrics are up for the project. Trading volume of the Agents is sitting at over $323 million, up 37% on the week, while Assets Under Agent recently surpassed $10m and is currently sitting at over $11.2m – up 16% on the week. The total number of agents and total transactions by agents have also increased over the last seven days. With the project’s continuous growth, it appears to be a great example of a Base chain token that could benefit significantly if attention and liquidity begin to flow back into the network. (SOURCE) EXPLORE: Best Meme Coin ICOs to Invest in July Join The 99Bitcoins News Discord Here For The Latest Market Updates The post DEGEN Crypto Up +20% On The Week: Are We Set For A Base Szn? appeared first on 99Bitcoins.

In a wide-ranging conversation with former Navy SEAL and YouTuber Shawn Ryan, Cardano founder Charles Hoskinson laid out the philosophical roots of crypto, linking blockchain directly to the ideals of liberty, trust, and decentralized power. The interview also drew some controversy about whether Hoskinson is a liar as he talked about his days as a secret agent in DARPA and the time he jumped out of an Apache helicopter. As one Twitter user wrote: “You really need to listen to all five hours of it for those out of context antics to make sense and to really understand the human side of Charles. You know, not just the genius entrepreneur archetype you’re familiar with.” The Good: Charles Hoskinson Breaks Down the Importance of Crypto Drawing from his early involvement in the Ron Paul movement, Hoskinson connected the dots between Austrian economics, sound money, and the failures of fiat. “If you don’t have good money, you don’t have liberty… Bad money creates socialism. Good money gives you agency.” — Charles Hoskinson, Shawn Ryan Show Hoskinson likened blockchains to constitutions: immutable, transparent, and resistant to political coercion. For him, crypto was a natural progression. “In crypto, my use is identical to a poor farmer’s in Sagal,” Hoskinson opined. “In the fiat world, Bill Gates and I are treated very differently.” Hoskinson pushed back against the idea that tokens are just speculative chips in a global casino. In his view, they’re what power decentralized systems by keeping infrastructure open, resilient, and out of the hands of tech monopolies. The Insane From Charles… But Also Interesting In some of the crazier stories told in the interview, before launching Cardano, Charles Hoskinson collaborated with DARPA, jumped out of helicopters, and even participated in a ritual ceremony in Brazil involving gloves full of bullet ants. Additionally, he was part of a team that de-extincted the direwolf, helped retrieve extrasolar fragments from the Pacific, and funded bioluminescent plant research. The ADA community breathes really hard and types fast on their keyboard when you psychoanalyze Charles Hoskinson. But, regardless, Hoskinson’s crypto knowledge shone through. He believes crypto’s biggest flaw has been its adversarial mindset. Bitcoin vs. Ethereum, crypto vs. banks. His alternative: build interoperable systems where success is mutual. “Cardano hasn’t gone down once in eight years. You can’t build real finance on unstable ground.” — Hoskinson Is Charles Hoskinson a Sociopath? Here’s an excerpt from the book Out of the Ether, about what the other Ethereum co-founders thought of Charles: (Amazon) As it states: “A pathological liar, sociopath, and someone who tried to convince the Ethereum team that he was actually Satoshi.” Well.. love him or hate him, Charles Hoskinson is crypto’s closest thing to a rock star. Unlike Vitalik, he’s turned Cardano into a brand with Bond-like flair. And while Cardano’s tech holds up, let’s be honest that it is Hoskinson’s charisma that is half the reason Cardano has Wall Street’s attention. EXPLORE: XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Navy SEAL and YouTuber Shawn Ryan, Cardano founder Charles Hoskinson laid out his core case for Cardano and crypto in general.. Love him or hate him, Charles Hoskinson is crypto’s closest thing to a rock star. The post Charles Hoskinson: From DARPA to Cardano, Gloves Full of Bullet Ants and More appeared first on 99Bitcoins.

MicroStrategy, now Strategy, just reported a jaw-dropping $14 billion in unrealized gains for Q2 of 2025, thanks to the BTC price climbing. This move shows that Saylor’s bullish thesis has been spot on. To keep the momentum, the firm launched a $4.2 billion stock offering aimed at gaining even more BTC ▲0.25%. It appears that Saylor’s strategy of leveraging stock to acquire more BTC is effective, and volatility is no stranger to him. BitcoinPriceMarket CapBTC$2.16T24h7d30d1yAll time $14 Billion BTC Gain in Q2: Strategy Bold Bet Pays Off In Q2 2025, Strategy locked in a massive $14 billion unrealized gain on its Bitcoin Holdings, showing just how powerful its BTC strategy has become. Bitcoin price jumped from $82,000 to $108,000 between April and June, putting its massive stash on huge profit. As of the 6th of July, Strategy is holding 597,325 BTC, acquired at an average price of $70,982, totalling $42.4 billion in cost basis. This move from BTC made the previous Q1 unrealized losses of $5.91 billion to staggering winning in Q2. This latest ATM follows a busy Q2, where Strategy raised $6.8 billion in net proceeds. $5.2 billion from common stock programs and nearly $980 million from a previous STRD offering. With the preferred stock portfolio now totalling $3.4 billion and having $315 million in annual dividends, the company is leaning towards a high-leverage, high-conviction play. As of the end of Q2, it still had over $40 billion in unused ATM issuance capacity across various programs, giving it plenty of firepower for future moves. Bulls see this as a genius move to ride Bitcoin bull run, while bears warn of dilution risks and overexposure to a volatile asset. But for Saylor and Strategy, the play is clear: double down when conviction is high. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Strategy netting $14 billion in unrealized profits. Another $4.2 billion funding for more BTC firepower. The post Michael Saylor’s Strategy Nets $14 Billion in Q2, Launches $4.2B Stock Blitz for More BTC appeared first on 99Bitcoins.

Ethereum’s smart-contract platform has crossed a major line. According to data shared by Token Terminal on X, the total value of tokenized assets on Ethereum now tops $6 billion. That figure covers products from asset managers, fund houses and blockchain firms. It proves institutions are treating on‑chain finance as more than a tech demo. Top Firms Drive Token Growth BlackRock leads the pack. The world’s largest asset manager holds the biggest share of tokenized AUM on Ethereum. Close behind are Franklin Templeton, WisdomTree, Superstate, Apollo and Ondo Finance. Franklin Templeton focused on parts of its US Government Money Fund. WisdomTree launched funds you can buy through a mobile app. Superstate and Apollo each add smaller but steady sums. Based on reports, these six names together make up most of the $6 billion milestone. Adoption Speed Since Mid-2023 The climb didn’t happen in a day. Adoption started slowly around mid‑2023. It rose further in early 2024. Then by January 2025, the line on the stacked chart shot straight up. That jump comes as BlackRock and Franklin Templeton pour in fresh tokens. Faster trades and fewer middlemen are big draws. Trades that once took days can now settle in minutes or seconds. That kind of speed appeals to big investors, who want clarity and a clear audit trail. This push into tokenized finance shows a shift in how big firms manage money. Ethereum still faces questions about scaling. If gas fees jump again, trading costs could rise sharply. On Rules & New Fund Types Regulators in the US, Europe and Asia have yet to set clear rules. A clampdown in one region might push firms toward other chains or private blockchains. Competition from Solana, Avalanche and new networks is already heating up. With $6 billion on‑chain, tokenized assets are past the trial stage. More firms will likely join once rules firm up and scaling solutions roll out. Markets could see new fund types, cross‑border trades and on‑chain yield tools. For now, Ethereum holds the lead. Yet the next hurdles—fee pressure, rule making and rival chains—will test whether it can keep growing. Featured image from Meta, chart from TradingView

From Dollar Strength to Euro Surge Will the ECB Change Its Tune on the Euro’s Rise? The forex market in 2025 has flipped the script. Instead of strengthening on the back of the “Trump trade,” the U.S. dollar has tumbled, with the US Dollar Index (USDX) falling over 11% this year to a low of 96.38. At the center of the storm is EURUSD, otherwise known as the anti-dollar,the world’s most actively traded currency pair. It has rallied 16.6% off its 2025 low of 1.0146, hitting a high of 1.1830 (+14.3% year-to-date) with the the psychological 1.20 level looming above. EURUSD DAILY CHART USDX DAILY CHART ECB Response: Surprisingly Calm Despite the sharp euro appreciation, European Central Bank (ECB) officials have shown little concern, at least publicly. Recent comments include: Luis de Guindos: EURUSD at 1.17–1.20 is “perfectly acceptable,” though anything higher could get “complicated.” Madis Müller: No urgency to change rates. The euro’s move is “quick but not concerning.” Olli Rehn: EUR strength helped the ECB hit its 2% inflation target. In short, the ECB is not pushing back yet. Why the ECB Is Not Panicking? The answer lies in its mandate. Price Stability Comes First The ECB’s primary mandate, as outlined in Article 127(1) of the Treaty on the Functioning of the European Union, is price stability. The ERC strategy was revised in 2021 to mean keeping inflation near but not above or below 2% over the medium term. That revision makes disinflation just as serious as inflation, especially in an environment of currency-driven price pressures. Growth Matters, But Is Not the Primary Objective The ECB also supports broader EU economic goals as long as they don’t conflict with price stability. While a strong euro may hurt exporters, that’s not enough to override the inflation objective. Is the Strong Euro Now a Threat? While most ECB policymakers have stayed quiet or supportive, the tone may be shifting. François Villeroy de Galhau recently warned: “EUR appreciation has a clear disinflationary effect and creates the risk of inflation undershooting the target.” This imay foreshaow a change in tone.. If the euro continues rising and inflation starts falling below 2%, the ECB could be forced to ac despite previous ambivalence. Where’s the Tipping Point? Markets are watching EURUSD 1.20 closely. That level has historically triggered concerns about export competitiveness and inflation undershooting. While EUR strength alone may not prompt a response, if paired with falling inflation and U.S. tariff shocks, the ECB could shift its tone fast. ECB’s Forex Toolbox: Not Much Left Even if the ECB grows uncomfortable with euro appreciation, its policy tools are limited: Rate cuts: Possible, but controversial given already low rates. Verbal intervention: Could slow momentum but lacks lasting impact. Currency intervention: Highly unlikely, especially unilateral. The U.S. under President Trump would strongly oppose any form of intervention. Market Watch: Key Levels & Indicators Resistance: EURUSD 1.1800–1.1830 is a key obstacle before 1.20. Trigger: A break above 1.20 could raise policy eyebrows. Wildcard: U.S. tariffs: if inflation dips and tariffs bite, expect more vocal ECB concern. Will the ECB Flinch? So far, the ECB has tolerated a stronger euro. But if inflation undershoots the 2% target and EURUSD keeps climbing, the central bank may be forced to change its tune. For traders, all eyes should remain on EURUSD 1.20, the HICP inflation index, and whether policymakers like Villeroy gain more support for reining in the rally. Take a FREE Trial of The Amazing Trader – Click HERE

In a conversation with The Bitcoin Economy podcast, Bloomberg Intelligence ETF analyst James Seyffart argued that the next, and potentially largest, leg of institutional demand for spot-Bitcoin exchange-traded funds will not come from pension funds, endowments, or sovereign wealth managers. Instead, it will arise when the country’s fragmented network of registered investment advisers (RIAs) finally gains full discretionary clearance to recommend Bitcoin ETFs to ordinary clients. “The biggest bull case for the ETFs has been the unlocking of RIAs in 2025,” Seyffart said. “Right now the vast majority of the assets are stuck in that middle ground where, if a client specifically asks to buy a Bitcoin ETF, the adviser can act—but the adviser cannot initiate the recommendation.” The Biggest Bull Case For Bitcoin In 2025 Seyffart broke the compliance bottleneck into a traffic-light schema that most financial advisers will recognise. A red-light firm bars Bitcoin entirely; a yellow-light firm permits unsolicited purchases (“If you come to me and ask for it, I can do it”); and a green-light firm allows the adviser to solicit an allocation (“I can recommend that you put two percent of your portfolio in Bitcoin”). Wire-house broker–dealers—which still custody trillions of dollars—largely remain in the red or yellow camps, paralysed by multi-year due-diligence committees. Independent RIAs, by contrast, “were the early adopters,” Seyffart noted, because they “don’t have to wait for a due-diligence team of a bunch of people sitting in New York.” Yet even among independents, most advisers outsource portfolio construction to centralised model portfolios; until those models flag Bitcoin ETFs as eligible holdings, discretionary uptake will stay muted. Seyffart’s focus on 2025 is calendrical, not calendrical: the first full-calendar year after launch gives compliance teams twelve months of daily NAV history—often a hard requirement before a new ETF can graduate from yellow to green status. “Usually it can take two to three years before an ETF gets approved,” he said, but the extraordinary size and liquidity of the spot-Bitcoin cohort is already accelerating that cycle. Crucially, the next Form 13F reporting deadline on 15 August 2025 will reveal second-quarter holdings as of 30 June. Seyffart expects the data to confirm that “a lot more RIAs have come online and [are] buying this for their clients,” providing the first concrete measure of green-light conversions. If the gatekeeping retreats, model-portfolio architects can incorporate Bitcoin’s historically uncorrelated returns into strategic-allocation frameworks. That in turn would grant advisers legal cover to solicit Bitcoin exposure, unleashing a flywheel of inflows. Seyffart cautioned that the same compliance teams will demand iron-clad fiduciary justifications—volatility, custody and tax treatment remain live concerns—but he argued that the ETFs now provide a wrapper familiar to any wealth platform. Seyffart’s thesis is that the moment a critical mass of compliance committees flips from yellow to green—allowing advisers to recommend Bitcoin rather than merely transact it—flows could dwarf everything seen to date. Whether that inflection arrives in the next 12 months will determine, in his view, “the biggest bull case for Bitcoin.” At press time, BTC traded at $108,250.

Miner and commodities trader Glencore (LON: GLEN) is selling its copper smelting operation in the Philippines to the Villar family, led by real estate magnate and former senator Manuel “Manny” Villar Jr. The asset in question, the Philippine Associated Smelting and Refining Corp. (Pasar), has long served as a key logistics hub for Glencore. Strategically located, it handles copper concentrate shipments from Australia and Indonesia, and occasionally distressed cargoes bound from South America to China. But global copper smelters, including Pasar, have been hit hard by a steep drop in treatment and refining charges, driven by overcapacity and limited supply of mined ore. In February, Glencore placed Pasar on care and maintenance, part of a broader restructuring of its global smelting operations. That overhaul includes consolidating its Canadian copper assets in Quebec and several recycling facilities in the United States into its global zinc smelting division. The move aims at cutting costs and streamlining operations. The divestment marks another step in Glencore’s sweeping review of its copper and zinc assets, triggered by a sustained slump in profitability across the sector. Villar, whose net worth is pegged at $17 billion by Forbes, controls the Philippines’ largest homebuilder. His business empire spans shopping malls, broadcast media, hardware retail and supermarkets. Bloomberg first reported the sale, quoting people familiar to the matter, though details including the deal’s value remain undisclosed.

Most Read: S&P 500, Dow Jones Q3 Outlook: Tariffs, Tech, and Small Cap Concerns Asian stock markets remained steady despite the latest update on US President Donald Trump's tariff plans. On Tuesday, the dollar stayed strong, and oil prices dropped. In the US, stock prices fell after Trump sent letters to 14 countries, including Japan and South Korea, announcing much higher tariffs on imports. However, the start of these tariffs has been delayed until August 1. close Source: TradingView.com (click to enlarge) Source: TradingView.com (click to enlarge) Support 240002372723471Resistance 243302450024750Follow Zain on Twitter/X for Additional Market News and Insights @zvawda Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Overview: The capricious nature of the US tariffs, the tone in which they were announced, while still allowing time (August 1) to negotiate is the main talk. More tariff announcements are expected today. The dollar's upside correction was cut short, and it is weaker against nearly all the world's currencies. The jump in long-end Japanese government bonds (9-15 bp) has not helped the yen, which is the only G10 currency struggling to find traction against the greenback today. Among emerging market currencies, only the Taiwan dollar and Turkish lira are a little softer. Equities have done surprisingly well today, while bonds have been sold. Nearly all the bourses in the Asia Pacific region advanced, though not Taiwan. Malaysia and Thailand, subject to the first round of tariff announcements fell by nearly 0.5%. Europe's Stoxx 600 is little changed, and US index futures are narrowly mixed, with the S&P 500 and Nasdaq futures slightly higher. Benchmark 10-year yields are mostly 4-5 bp firmer, pushing the UK Gilt yield back to last week's high. The Reserve Bank of Australia caught the market leaning the wrong way as it stood pat. The Australian dollar is the strongest among the G10 currencies (~+0.80%) and the 10-year yield jumped eight basis points. The 10-year US Treasury yield is three basis points higher, a little above 4.41%. The 30-year yield is approaching the 5% threshold. Gold is softer but within yesterday's range and August WTI is consolidating after posting an outside up day yesterday to post a 1.4% gain. It is on the $67-handle today and sporting a softer tone. USD: The dollar was bid before, but news of 25% tariffs on South Korea and Japan announced in a smug letter, sent the greenback higher. The Dollar Index met the (38.2%) retracement of the leg lower from June 23. The next retracement (50%) is near 97.90. But the Dollar Index is consolidating today in a narrow range (~97.18-97.45). The US tariffs developments dominate the discussions. More letters are expected today. Meanwhile, there are a couple of ways to measure inflation expectations. The first is simply to ask people. That is what the University of Michigan does, for example, and so does the Federal Reserve. The Fed's survey results are due today. In May, one-year expectations were at 3.2%, the three-year was at 3.0% and the five-year was at 2.6%. The University of Michigan's survey for the one-year outlook stood at 5.0% in June, down from 6.6% in May and 6.5% in April. The second was to get a handle on inflation expectations are from indicative pricing in the markets. Here the difference between the inflation-protected security and the conventional note is understood as a metric of inflation expectations. The one-year breakeven peaked in March near 4.15% and is slightly above 2.6% now, having found a base near 2.50% recently, the lowest since last November. The five-year breakeven peaked in February almost at 2.75%. It has been chopping mostly between about 2.30% and slightly above 2.40% since the end of May. Meanwhile, although consumer debt stress levels are elevated, consumer credit is expanding at a faster rate than last year. Through April, consumer credit rose by $34.6 bln. In the first four months of 2024, US consumer credit rose by about $28.8 bln. Borrowing is projected to have increased by around $10.5 bln in May 2025. Last May it rose less than $6 bln. EURO: The broad dollar rally on the back of the 25% tariffs on South Korea and Japan, and other tariff announcements, pushed the euro to a six-day lows near $1.1685, meeting the (38.2%) retracement of the rally since June 23. The euro held above $1.1700 today. It reached $1.1765 before consolidating. Germany and France reported May trade figures earlier today. Germany's May trade surplus rose to 18.4 bln from a revised 15.7 bln euros (exports and imports fell) and brings the average this year to 17.8 bln euros. In the first five months of 2024, the average monthly trade surplus was 22.5 bln euros. France reported a 7.77 bln euro deficit in May. The average monthly shortfall is about 7.08 bln euros, up from the first five months of last year (~6.24 bln euros). The aggregate figure for the eurozone as a whole will be reported on July 16. Through April, the average monthly surplus was 19.3 bln euros, up from an average of 18.8 bln euros in the Jan-April 2024 period. CNY: The greenback rose to a two-week high against the offshore yuan, pushing a little above CNH7.1800. It settled above the 20-day moving average (~CNH7.1765) for the first time since June 18. There was no follow-through buying, and instead the dollar was set back to slightly below CNH7.17. The PBOC set the dollar's reference rate at CNH7.1534 (CNY7.1506 yesterday). Note that PBOC has not set the dollar's fixing higher in two consecutive sessions in a month. The dollar's decline, which boosted the value of the PBOC's non-dollar reserves, and the rally in government bonds (e.g., US, UK, Japan, Italy, but not German and French bonds) helped lift China's reserves by almost 1% to $3.317 trillion, the highest level since the end of 2015. For the eighth consecutive month, the PBOC continued to boost its gold holdings, which some argue is understated. That said, it appears to have bought 70k troy ounce last month. The first thing tomorrow, China reports CPI and PPI. The CPI has been -0.1% year-over-year from March through May. Deflation remains evident in producer prices. The last time producer prices were higher on a year-over-year basis was in September 2022. JPY: Rising yields and the greenback's rally after the tariff announcement lifted the dollar to near JPY146.25 yesterday and to almost JPY146.50 today, a two-week high. It is not clear what Japan's reciprocal tariff was set at 25%, while the April 2 calculation was 24%. In any event, the dollar overshot the (61.8%) retracement of its decline from the June 23 high. The next interesting chart area is around JPY146.75. The trendline connecting the May and June spikes comes in today near JPY147.90. The US dollar frayed the lower Bollinger Band last Tuesday has approached the upper band now (~JPY146.55). Turning to Japan's data, in four of the past five years, Japan's current account surplus widened in May. However, over the past 20 years, the seasonal performance in May is less robust. The current account widened 12 times. It widened in May 2025 to about JPY2.82 trillion from JPY2.26 trillion in April. Yet, the trade balance deteriorated. The deficit rose to about JPY522 bln from almost JPY33 bln in April. The seasonal pattern is stronger for the trade balance than the current account. The trade deficit typically deteriorates in May from April (16 of the past 20 years). The disappointing May labor earnings (nominal and real) reported yesterday saw the market continue to scale back the prospects of BOJ tightening this year. The swaps market has about 10 bp of hikes discounted, the least in nearly two months. It has not had 20 bp priced in for nearly three months. GBP: Sterling retreated yesterday but held last week's low (~slightly below $1.3565). Recall that the $1.3580 area corresponds to the (50%) retracement objective of the rally from the June 23 low. The (61.8%) retracement is closer to $1.3530. Initial resistance in the $1.3650 area was tested. The British economic diary is light until Friday's May GDP. The median forecast in Bloomberg's survey projects a 0.1% expansion after the 0.3% contraction in April. Weak growth exacerbates the looming difficult fiscal choices facing the Labour Government. The tightening of the Starmer-Reeves alliance does little to signal how it will cope. The Office for Budget Responsibility has more poor news for the government with today's assessment, which paints a picture of a vulnerable UK economy. The Bank of England's financial stability report will be released tomorrow. The 10-year UK Gilt yield was near 4.45% before last week's Labor MP revolt was turned back by the government's climb-down on disability assistance. It returned to last week's highs, near 4.64%. CAD: The greenback bottomed last Thursday, slightly below CAD1.3560. It reached CAD1.3685 yesterday, which met the (50%) retracement of the greenback's decline from June 23. The (61.8%) retracement is a little above CAD1.3700. It pulled back to CAD1.3640 today. Canada reports the IVEY PMI shortly. It was below the 50 boom/bust level in April and May. It averaged 52.14 in Q1 25 and 55.78 in Q1 24. It seems broadly in line with economists’ anticipation that the Canadian economy contracted slightly in Q2 (median forecast in Bloomberg's survey is for a 0.5% annualized contraction) after a 2.2% expansion in Q1. The highlight of the week is Friday's jobs report. The median forecast in Bloomberg's survey is for a no net increase in employment and a tick up in the unemployment rate (despite expectations that the participation rate was steady at 65.3%) to a new cyclical high of 7.1%. It was at 6.4% in June 2024. AUD: The Reserve Bank of Australia surprised the market. It stood pat in the face of high expectations for a cut. For the first time, the RBA revealed how the nine-person board voted (6-3 to hold steady). Governor Bullock explained the difference was over timing not direction of travel. With yesterday's sell-off, the Australian dollar nearly met the (61.8%) retracement of the rally from the June 23 low, but the central bank surprise lifted the Aussie back to almost $0.6560. The futures market has around an 85% chance of an August cut. The swaps market has a terminal rate of near 3.0% (3.85%) now. The Reserve Bank of New Zealand meets tomorrow. The swaps market does not expect a cut (almost 13% chance), but its easing cycle does not look complete. There is about a 2/3 chance of a cut in August and a slightly more than a 90% chance of a cut in October. The next cut will bring the cash target rate to 3.0%. The market recognizes the risk that the terminal rate is 2.75%. MXN: The dollar made a marginal new low since last August early yesterday and drew closer to MXN18.60 support. The broad recovery saw it spike slightly above MXN18.77 before pulling back to the middle of the session's range. It has not traded much above MXN18.6725 today and held above MXN18.61. The slow start to Mexico's economic reports this week ends tomorrow with the June CPI and Friday's industrial production. Yesterday, Mexico reported vehicle production edged up in June (0.8%), and that is what is up on the year in H1 25 year-over-year. Vehicle exports jumped 10.1% month-over-month in June, but in H1 25, they are down about 3.2% compared with the first half of last year. For the record, US vehicle sales in H1 25 were about 4.7% higher than H1 24. Mexico's headline and core CPI likely held above 4%, the upper end of the target range. After cutting rates aggressively in recent months, Banxico is seen pausing at its next meeting (August 7). After approaching BRL5.40 at the end of last week, the lowest the dollar has been since last September and October, it gapped higher yesterday and reached almost BRL5.4835. The (50%) retracement of the leg down from June 25 is a little higher. The 20-day moving average is around BRL5.4960 and the dollar has not settled above it since June 2. Disclaimer

The U.S. SEC plans to overhaul spot crypto ETF applications. Under this framework, institutions will have exposure to some of the best cryptos to buy, including Solana and TRUMP. It took more than a decade for the U.S. Securities and Exchange Commission (SEC) to approve the first batch of spot Bitcoin ETFs. After the Winklevoss Twins submitted their initial application in 2013, the SEC rejected it, citing manipulation risks, a lack of proper monitoring tools, and high crypto volatility. By 2023, pressure was mounting, and eventually, Gary Gensler and the SEC approved nine spot Bitcoin ETFs in early 2024. A few months later, spot Ethereum ETFs were approved without a staking feature. By July 8, 2025, spot Bitcoin and Ethereum ETF issuers in the United States collectively managed over $147 billion worth of shares. Among them, BlackRock is the largest, helping issuers manage billions in ETH- and BTC-backed shares. By July 7, institutions had purchased over $216 million in Bitcoin-backed spot Bitcoin ETF shares. (Source) DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July 2025 SEC Making Changes To Spot Crypto ETF Applications Before this landmark decision in 2024, the SEC typically took months, or even years, to review and approve a spot crypto ETF application. The good news is that this is about to change, opening doors for restricted institutions to get exposure in some of the best cryptos to buy. Reuters notes that the SEC is developing a framework to streamline and accelerate the approval of spot crypto ETF applications in the United States. According to sources, proposed changes will include a simplified single-step registration process. Additionally, new guidelines for crypto ETFs will be introduced. These proposals, if implemented, will be a relief for applicants. Currently, applicants must navigate a cumbersome two-step process. First, they submit the 19b-4 filing, which includes amendments to exchange rules. Then, there is the S-1 registration for the fund itself. This dual process has often led to delays, with issuers facing prolonged uncertainty and complex negotiations with regulators. Under the new framework, crypto ETF applicants will only need to submit a single S-1 filing, allowing the fund to be cleared for listing if the SEC does not object within 75 days. To further simplify the process and provide clarity, the regulator is crafting a common listing standard for crypto ETFs. Most importantly, they will introduce guidelines to address unique crypto-specific complexities, such as staking mechanisms and redemption processes. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Spot Crypto ETF Applications, 99% Chance of SEC Approving Spot Solana ETF in 2025 As of July 8, 2025, there were over 72 crypto ETF filings, with applicants seeking SEC review and potential approval for spot ETFs for SOL ▼-1.25%, XRP ▲0.36%, and even some top Solana meme coins like TRUMP. Official TrumpPriceMarket CapTRUMP8$1.70B24h7d30d1yAll time Grayscale, VanEck, and Fidelity are among the spot Solana ETF applicants. Punters on Polymarket have placed a 99% chance of a spot Solana ETF being approved by the end of 2025. (Source) On July 1, 2025, the REX-Osprey Solana ETF, which permits staking, was launched in the United States. Unlike spot Ethereum ETFs, investors in this spot Solana ETF gain exposure to SOL and the staking rewards. DISCOVER: 8 High-Risk High-Reward Cryptos for 2025 New Crypto ETF Framework By SEC To Boost Capital Inflow SEC has already approved spot Bitcoin and Ethereum ETFs Applications go through a two-step process Regulator wants to introduce a new framework that simplifies applications More spot crypto ETF applications expected The post Game Changer: SEC Streamlines Path for Crypto ETFs appeared first on 99Bitcoins.