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Amidst a widespread uncertainty in the crypto market, SUI is undergoing a major price correction as evidenced by 23.25% loss in the past 30 days. During this period, the popular altcoin and a major headliner in the present market cycle has traded as low as $2.35, which is a 56.44% decline from its all-time high of $5.35 in January. Amidst this mayhem, prominent market expert with X pseudonym PlanD has stated the ongoing formation of a bullish dual pattern hints at an incoming explosive price gain in the SUI market. Technical Combo Sets Stage for SUI Surge – Analyst In an X post on June 27, PlanD shares an interesting price analysis that reveals the formation of two bullish patterns – the bull pennant and the inverse head and shoulder (H&S) – on the SUI daily chart. Both patterns currently form a confluence of technical indicators suggesting the altcoin is preparing for a major price rally as the second half of 2025 approaches. The inverse head and shoulder pattern is a common bullish reversal pattern. Amidst SUI’s price correction in Q1, the altcoin formed the left shoulder at $2.42 in February and head at $1.74 in April with a recent price bounce off $2.62 appearing to form the right shoulder. PlanD describes $2.62 as a critical support level in this bullish set-up, the validity of which ensures a potential price breakout. In studying PlanD’s technical analysis, the inverse H&S currently has a neckline of $4.25, breaking past which confirms the bullish price reversal with a price target set at $10.74. Meanwhile, The bull pennant is a common chart pattern marked by a strong price uptrend (flagpole), followed by a descending channel (pennant) that precedes a price breakout similar to the length of the flagpole. Based on the analysis presented by PlanD, prior bull pennants on the SUI chart have successfully resulted in explosive rallies as seen in 2023 and 2024. Notably, SUI bullish price action from mid 2024 to its ATH in January followed by a descending price movement since then represents the latest bull pennant. Based on the initial price surge (flagpole), PlanD presents a SUI long-term price target of $27, representing a potentially 10x gain on current market prices. SUI Price Overview At the time of writing, SUI trades at $2.69 following a 2.23% price gain in the past day. Despite its struggles in the last month, the altcoin still boasts of 226.33% price gain in the last year ranking as one best performing coins in the present market cycle.

Ouro testa suporte crítico e opções se tornam atraentes: volatilidade em queda e fluxo institucional desalinhado Análise Premium Por Igor Pereira, Analista de Mercado Financeiro Membro Junior WallStreet NYSE O mercado de ouro (XAU/USD) entrou em uma fase de correção e consolidação mais profunda, colocando em risco a estrutura técnica que havia sustentado sua tendência de alta ao longo de 2025. Pela primeira vez no ano, o preço rompeu abaixo da linha de tendência ascendente vigente desde janeiro, além de se distanciar significativamente da média móvel de 50 dias — um comportamento que não era observado desde o final de 2024. Volatilidade em queda: opções estão baratas para os dois lados A correção recente no ouro levou a uma forte compressão da volatilidade implícita, medida pelo índice GVZ, que tradicionalmente tende a subir com a valorização do ouro. Esse movimento criou uma assimetria rara no mercado de opções: tanto puts de proteção de baixa quanto call spreads com exposição altista estão sendo negociados com preços historicamente baixos. Do ponto de vista tático, este é um momento oportuno para quem busca montar estruturas de proteção ou apostas direcionais com risco limitado. A relação risco-retorno é favorável em função da baixa volatilidade implícita. O enigma do dólar: e se ele voltar a se fortalecer? Apesar de uma sequência de análises negativas sobre o dólar, o índice DXY permanece próximo dos níveis observados no final de abril. Isso levanta uma preocupação entre traders: se o ouro já está fraco com o dólar estável, o que poderá ocorrer caso o dólar volte a se fortalecer? Essa correlação inversa entre ouro e dólar sugere que um novo impulso altista na moeda americana poderia acentuar ainda mais a correção do metal precioso, colocando à prova suportes-chave como US$ 3.180 e US$ 3.050. Fundos especulativos e fluxo sistemático: desalinhamento perigoso Os investidores não comerciais (non-commercials), que estavam em negação diante da correção, aumentaram suas posições compradas em ouro recentemente — justamente antes da queda mais acentuada. Esse erro de timing revela um desalinhamento perigoso entre o sentimento do mercado e o comportamento do preço. Além disso, modelos de fluxo sistemático (CTAs) estão se aproximando de níveis críticos que acionam desmontagens automáticas de posições longas, o que pode amplificar a pressão vendedora no curto prazo caso o suporte técnico não se sustente. Sazonalidade: o alívio de julho? Apesar dos sinais técnicos de fragilidade, o fator sazonal joga a favor dos comprados: historicamente, o ouro apresenta forte desempenho a partir de julho, refletindo, entre outros fatores, preparação para demanda joalheira asiática, movimento de cobertura de portfólios e fluxos táticos institucionais. O que esperar O mercado de ouro está em uma zona de teste estrutural. Se perder com força a região entre US$ 3.200 e US$ 3.180, o movimento de liquidação técnica pode se intensificar até suportes mais profundos em US$ 3.050, especialmente se houver fortalecimento do dólar e quebra de suporte institucional (fluxo CTA e ETFs). No entanto, a compressão de volatilidade e a entrada no período sazonalmente mais favorável criam oportunidades para operações de reversão ou de reentrada estratégica, principalmente via estrutura de opções com risco limitado e alta convexidade. Opinião do analista Igor Pereira O ouro está em um ponto de inflexão: rompeu a média de 50 dias e a linha de tendência de 2025, o que é tecnicamente relevante. Mas o mercado ainda está sobrecarregado de longs institucionais mal posicionados, o que abre espaço para liquidação e maior amplitude na correção. Por outro lado, a queda na volatilidade implícita, a sazonalidade positiva e o suporte técnico próximo criam uma das melhores janelas táticas para montar proteções e apostas direcionais com opções. Como analista, recomendo atenção redobrada nos próximos dias: caso o suporte de US$ 3.180 segure com entrada de volume institucional, o mercado pode rapidamente reverter e buscar US$ 3.400 novamente. A chave será observar o fluxo e os gatilhos sistemáticos de venda. Se não houver nova pressão vendedora, julho pode marcar o reinício de uma nova pernada altista.

Ouro sobe para recordes, mas Goldman Sachs alerta: “Proteção de baixa está barata e tecnicamente justificável” Análise Premium Por Igor Pereira, Analista de Mercado Financeiro Membro Junior WallStreet NYSE Ao longo do último mês, os preços do ouro (XAU/USD) realizaram um movimento de ida e volta (roundtrip), renovando máximas históricas antes de devolver ganhos em meio a uma série de fatores técnicos e macroeconômicos. Grandes bancos, como UBS, JPMorgan e Goldman Sachs, elevaram suas projeções para o metal precioso, com algumas estimativas apontando para alvos de US$ 4.000 a US$ 4.500 até o fim de 2025. Entretanto, no curto prazo, o desk de metais preciosos do Goldman Sachs adota uma visão tática mais defensiva, recomendando compra de opções de venda (puts) como forma de proteção diante de sinais técnicos de fraqueza e falta de catalisadores claros de alta no curto prazo. Destaques das revisões otimistas dos bancos UBS, Goldman Sachs e JPMorgan revisaram suas perspectivas para o ouro, com alvos que vão de US$ 4.000 a US$ 4.500; Goldman declarou: "Com a morte do portfólio 60/40, o ouro é preferível aos Treasuries como proteção"); Traders institucionais do Goldman apontam 10 motivos pelos quais estão comprando ouro de forma estratégica; A acumulação de ouro pela China acima dos níveis oficialmente reportados também foi destacada como fator estrutural de suporte. Pressão técnica e oportunidade tática: downside barato Apesar do otimismo estrutural, Robbie Dwyer, trader sênior do Goldman Sachs, afirma que a proteção contra quedas no curto prazo está excepcionalmente barata no mercado de opções. O ouro rompeu sua média móvel de 50 dias e agora encontra suporte técnico mais relevante próximo de US$ 3.200, com dificuldade de se sustentar acima de US$ 3.400 mesmo durante episódios de escalada no Oriente Médio. Outros fatores destacados: A volatilidade implícita de 1 mês está abaixo de 15%, inferior à volatilidade realizada de 17% (últimos 20 dias) e muito abaixo dos 25% dos últimos 3 meses; Opções de venda com delta 25 (25d puts) estão negociando com desconto em relação às opções at-the-money, tornando-as atrativas para proteção tática; A sugestão do Goldman: comprar puts de 1 mês com strike US$ 3.200 (25d puts) a um custo de 22 dólares por onça com ouro spot a US$ 3.280 — uma aposta com perda máxima limitada ao prêmio pago. Fundamentos e comportamento dos players institucionais O modelo de fluxo sistemático do Goldman mostra venda líquida por parte de algoritmos e fundos sistemáticos; O posicionamento de "managed money" (fundos especulativos) continua elevado em termos nominais, deixando espaço para liquidações; Investidores chineses permanecem com posições extremamente longas, o que pode aumentar a pressão de venda em correções; A ausência de um novo catalisador claro após trégua no Oriente Médio, avanços na relação comercial EUA-China e recuo do projeto de lei S.899 contribui para a fragilidade do preço no curto prazo. O que esperar No curto prazo, o ouro pode continuar enfrentando pressão técnica até a faixa de US$ 3.200, especialmente se não houver novos catalisadores macro ou geopolíticos. A fraqueza na reação a eventos de alta intensidade (como conflitos ou decisões políticas) indica exaustão de momentum. No entanto, a perspectiva de longo prazo continua construtiva, dada a continuidade da acumulação por bancos centrais, os desequilíbrios fiscais dos EUA e o movimento contínuo de desdolarização por parte de economias emergentes. Opinião do analista Igor Pereira A movimentação recente do ouro reflete um mercado dividido entre fundamentos estruturalmente altistas e uma tática de curto prazo de realização e proteção. O fato de grandes bancos como Goldman Sachs recomendarem proteção por meio de opções de venda reforça o cenário de cautela técnica até que o preço supere com consistência resistências como US$ 3.400 ou US$ 3.450. Oportunidades de entrada devem ser observadas em zonas de suporte técnico relevantes, como US$ 3.200, desde que acompanhadas por fluxos institucionais positivos e retomada de momentum. Para o investidor de longo prazo, correções como essa representam pontos de acumulação. Para o trader tático, o uso de opções pode ser a ferramenta mais eficiente neste momento de assimetria entre fundamentos e preço.

The Cardano price performance has been nothing short of shambolic since the start of May, falling from the lofty heights of $0.85 in less than two months. According to data from CoinGecko, the altcoin’s value has declined by more than 24% in the past month. While the price of ADA saw an explosive growth at the beginning of the second quarter, the token is now back where it started in April — just above the $0.5 mark. Interestingly, the signs are pointing to further decline for the Cardano price over the next few weeks. ADA Price Stuck In Descending Channel On Friday, June 27, prominent market analyst Ali Martinez took to the social media platform X to share an ominous prediction for the ADA token’s price. According to the crypto pundit, the Cardano price could be heading to around $0.47 for its next support. This bearish projection revolves around the appearance of a descending channel pattern on the three-day Cardano chart. A descending channel is a chart formation in technical analysis characterized by two major trendlines: the upper line acting as the resistance level and the lower line acting as the support level. The space between these trendlines serves as the channel within which prices move over a period. Typically, the formation of a descending channel suggests the persistence of a downward price trend and lower highs. At the same time, traders can use this pattern to identify optimal entry and exit points. The Cardano price chart above, for instance, shows that the altcoin price has been in a downward trend since last November. The token seemed to have turned its fortune around after finding support at the lower trendline in early April and running back above the $0.8 level. However, the Cardano price failed to break the upper trendline at the beginning of May and has since been experiencing a downturn. According to Martinez, the ADA token could fall to as low as $0.47 — around the lower trendline — to find a support cushion. Moreover, the 1.272 Fibonacci level — used in technical analysis to identify price targets and support or resistance levels — is also around the lower trendline. Ultimately, this means that the Cardano price could fall even lower than its current price point. Cardano Price At A Glance As of this writing, the ADA token is valued at around $0.56, reflecting a 1.3% price jump in the past 24 hours. According to CoinGecko data, the price of Cardano is down by more than 3% in the last seven days.

In line with the broader crypto market, Aptos (APT) experienced a remarkable price upswing in the past week culminating in a market gain of 12.53%. However, the prominent altcoin remains in a corrective phase with a price loss of 8.75% on its monthly chart. Aptos has famously underperformed in the crypto bullish resurgence that kicked off in April reaching a local peak of $6.14 while the present market cycle top lies around $17.90. However, popular market analyst with X username PlanD has tipped the altcoin to maintain its most recent uptrend as indicated by a bullish chart pattern. Aptos Ready For Major Bullish Price Reversal – Analyst In a recent X post on June 27, PlanD provides an insightful technical analysis on the APT market hinting at a major price surge ahead . Firstly, the renowned analyst explains APT has shown consistent price movement within a descending channel over the past two and half years. However, APT price action in the past three months have twice retested the lower boundary of this channel, thereby forming a double bottom pattern – a bullish reversal pattern formed when price forms two similar lows separated by a rebound as seen between April till date on the chart below. The peak of the intervening price rebound serves as the pattern’s neckline, and a breakout above this level confirms the market’s intent for a bullish reversal. Therefore, if APT bulls can secure a decisive daily close above $6.00, it would likely trigger a broader market rebound, with price targets set around $9.92, representing an estimated 100% gain on present market prices. Beyond $9.92, a sustained buying pressure could force APT to return to its cycle top at $17.90 which currently aligns with the upper boundary of the descending price channel. According to PlanD’s analysis, a successful breakout above this long-standing channel exposes investors to lofty price targets as high as $55 and $79. On the cautionary note, APT bulls must avoid a price rejection at the $6.00 region, which represents the market’s next major resistance. The occurrence of such a scenario would suggest a delay of the purported or invalidation in the case of price fall below the present support line at the lower boundary of the descending channel. Aptos Price Overview At the time of writing, APT trades at $4.88 reflecting a 2.41% decline in the past day. Meanwhile, the altcoin’s daily trading volume is soaring by 67.08% and valued at $430.09 million. With a market cap of $3.41 billion , Aptos ranks as the 31st largest cryptocurrency in the market.

Crypto analyst XForce has predicted that Ethereum could reach a new all-time high (ATH) of $10,000 in this market cycle. He acknowledged that there is yet to be a macro fundamental that supports this bullish outlook, but remarked that it remains “ideal.” Ethereum Eyeing Rally To As High As $10,000 In an X post, XForce stated that Ethereum is still looking to shoot for a new ATH this cycle and could end around $9,000 to $10,000. This followed his remarks that ETH’s move up on the shorter timeframes was objectively impulsive. In other words, these rallies were bullish with real-time technical indicators. As to what could drive this Ethereum rally to $10,000, XForce noted that there is no macro scenario providing a good look. However, he remarked that this rally to this ambitious target remains only ideal in nature, given the context. The analyst added that this idea remains his primary prediction for now. Crypto analyst Venturefounder also recently predicted that Ethereum could reach this $10,000 price target in this market cycle. However, the analyst declared that ETH’s run to this ambitious target depends on whether the altcoin is able to flip $4,000 into support by the fourth quarter of this year. Crypto analyst Titan of Crypto also recently suggested that Ethereum was ready for a lift-off. In an X post, he stated that after a failed breakout, ETH deviated below and found support right on the cloud. Now, the altcoin is back within the range. For a bullish momentum to resume, Titan of Crypto claimed that ETH must clear the cloud and reclaim the Kijun around $2,500. The analyst had previously predicted that Ethereum could rally to $8,500 in this market cycle. An Ultra Bullish Scenario For ETH In response to his initial X post, XForce provided an alternative scenario for Ethereum, in which it could rally to as high as $150,000. The analyst remarked that it would be wild to see this play out, but that it remains an option based on an idealized 5-wave structure. ETH is expected to reach the $150,000 target on Wave 5. XForce’s accompanying chart showed that Ethereum could reach this $150,000 target by July 2028. The analyst remarked that the uber bullish scenario remains his alternative because there seems to be no logical approach for ETH to reach such levels. He again warned that neither scenario provides the proper context on the macro, but only remains ideal. As such, based on logic, XForce remarked that it is best to choose the best of the worst. At the time of writing, the Ethereum price is trading at around $2,400, down in the last 24 hours, according to data from CoinMarketCap.

Gemini, a popular crypto exchange, has just launched a tokenized version of Michael Saylor’s Strategy (MSTR) stock for EU users. Strategy is a Bitcoin-investing firm currently holding 592,345 $BTC, making it one of the largest institutional holders of the asset. As such, a tokenized version of Strategy’s stock is an indirect but powerful way of offering on-chain participants more $BTC exposure. This also bridges the gap between traditional stock markets and on-chain infrastructure by addressing key issues like limited trading hours and high international fees. Gemini has partnered with Dinari in an attempt to offer more liquidity and transparency by leveraging the latter’s tokenization-on-demand model. Read on to learn more about this exciting development and why it could positively impact your crypto portfolio. We’ll also highlight the best altcoins you can invest in right now. Tokenized Stocks Are Here, and Crypto Investors Should Be Excited Tokenization converts real-world assets into digital tokens. For example, Tether Gold ($XAUT) is the tokenized version of gold. Currently, $MSTR is the only US equity stock to be tokenized for EU investors. However, Gemini says that more such tokenized stocks and ETFs will be launched soon. It’s fair to say that tokenization is the future of investing, as it closes the gap between the traditional stock market and blockchain participation. It allows crypto investors to diversify their portfolios without leaving the secure environment. Gemini’s choice of $MSTR also aligns well with crypto enthusiasts because it offers them the opportunity to invest in a crypto-native firm. Considering all this, this is probably an opportune time to invest in some hot new meme coins, i.e., if you wish to ride the tokenization trend. 1. Snorter Token ($SNORT) – Best Altcoin to Buy Now, Swipe Liquidity in New Meme Coins Snorter Token ($SNORT) is a new crypto changing the way retailers trade meme coins. It’s a Telegram-based trading bot that swipes liquidity in newly listed meme coins with automatic limit, stop, and stop-loss orders. Additionally, Snorter Bot only charges 0.85% as trading fees, as opposed to the 1% charged by competitors Banana Gun and Bonk Bot. To access the industry-lowest trading fees, though, you’ll have to be a $SNORT holder. Owning $SNORT also comes with the potential to make 1,400% returns in less than five years, as the crypto is predicted to explode and reach $1.25 by 2030. In addition to comprehensive security, Snorter Bot also comes with an excellent copy-trading feature, allowing you to mimic successful traders without leaving the Telegram chat. $SNORT is currently in presale, with over $1.35M in funding so far. Even better, you can buy one token for just $0.0965. 2. BTC Bull Token ($BTCBULL) – Only Crypto to Buy Now for Free $BTC Airdrops BTC Bull Token ($BTCBULL) is the newest – and probably the smartest – way to become a part of Bitcoin’s success story. As the digital gold climbs to new highs, so can your portfolio if you buy $BTCBULL and store it in Best Wallet. That way, you’ll be eligible for free Bitcoin airdrops. Yep, BTC Bull Token is the ONLY crypto in the world to offer token holders free (and real) $BTC. These airdrops will occur every time Bitcoin hits a new milestone, like $150K and $200K. Plus, $BTCBULL is expected to surge 277% and reach $0.0096 by 2026. Furthermore, the developers have also planned to follow a deflationary approach. Under this, a handful of $BTCBULL tokens will be burnt off every time Bitcoin climbs up by $50K. This will ensure continuing token hype and price appreciation. If you want to benefit from $BTCBULL, buy the token now while it’s still in presale. The project has in total raised over $7.5M, and each token is currently available for just $0.00258. Here’s how to buy it. 3. Dog (Bitcoin) ($DOG) – Canine-Themed Crypto Poised to Pump With dog-themed meme coins expected to make a strong comeback thanks to the SEC warming up to the idea of a $DOGE ETF, $DOG could be one of the next cryptos to explode. $DOG might not be as mainstream as, say, Dogecoin or Shiba Inu, but it stands out because it’s built directly on the Bitcoin blockchain. It’s a community-driven token with no real utility other than to prove crypto degens some meme coin fun right on Bitcoin, one of the most secure blockchains out there. $DOG is currently trading at $0.003911, having gained more than 28% over the past 7 days. According to recent price action, it’s about to break out of a descending triangle pattern, so we can expect a surge sooner rather than later. Conclusion With a major crypto exchange like Gemini launching a tokenized version of a US stock, it wouldn’t be wrong to say that the sky’s the limit for digital assets. If you’d like front-row seats to this revolution, consider investing in high-potential tokens like Snorter Token ($SNORT) and BTC Bull Token ($BTCBULL). However, bear in mind that none of this is financial advice; the crypto market is highly volatile. So, kindly do your own research before investing.

ONDO is under pressure after a sharp 33% decline from its May highs, reflecting growing uncertainty and bearish momentum across the market. Once a standout performer, the token has lost steam as sentiment shifts and price action turns decisively negative. While some traders are still watching for potential rebounds, many analysts are now calling for a breakdown, warning that the current structure could give way to deeper losses if key support levels fail to hold. The mood around ONDO remains divided. Some investors view the dip as a healthy retrace in a broader uptrend, while others see it as the start of a more extended correction. Top analyst Ali Martinez has added to the cautious outlook, noting that ONDO is breaking out of an ascending channel to the downside—an often bearish signal. This pattern suggests that momentum is weakening and that the token could soon test lower demand zones. With ONDO hovering near key technical levels and volume thinning, the coming days will be critical. If the breakdown continues, the price could revisit earlier consolidation areas. For now, bearish pressure dominates, and bulls must defend support convincingly to prevent further downside. Bulls Struggle To Hold Structure As Risks Grow As the broader altcoin market braces for a decisive move, ONDO remains trapped in a bearish structure, unable to establish clear demand. Bulls have struggled to reclaim momentum or push price above critical supply zones needed to maintain the long-term uptrend. With sellers dominating and key support levels under pressure, ONDO’s technical structure appears fragile. Despite recent weakness, some market participants remain cautiously optimistic about ONDO’s longer-term potential. Macro narratives around real-world asset tokenization continue to support fundamental interest, but short-term price action remains a challenge. The inability to hold above prior consolidation ranges suggests that buyers are not yet stepping in with enough conviction to flip the trend. Ali Martinez has raised alarms by highlighting a concerning technical development: ONDO is breaking out of an ascending channel—this time to the downside. Historically, this pattern signals a shift in market structure and sets the stage for more aggressive downside moves. Martinez’s outlook points to a potential slide toward the $0.29 level, which would mark a significant breakdown from current prices. For now, ONDO trades in a vulnerable position. If bulls fail to reclaim higher levels and restore momentum, the altcoin risks accelerating its decline. However, if sentiment shifts and broader market strength returns, ONDO could still recover in the coming months. ONDO Breaks Below Moving Averages As Bearish Momentum Builds ONDO is trading at $0.747 after failing to hold above key moving averages, with both the 50-day ($0.93) and 200-day ($1.00) simple moving averages now acting as overhead resistance. The current price structure on the 3-day chart shows a consistent downtrend, with lower highs and lower lows forming since the March peak. Price has now broken below the prior consolidation zone, signaling growing bearish momentum. The rejection from the $1.00 psychological level earlier this quarter added to downward pressure, and the break of the $0.80 level confirms that bulls are losing control of short-term structure. If ONDO continues to trade below both moving averages, it may struggle to find solid demand in the near term. Key historical resistance remains at $1.51, but with ONDO currently 50% below that level and forming a bearish structure, downside risk continues to dominate. A breakdown below $0.70 could accelerate the fall, potentially targeting the $0.60–$0.50 range where previous demand clusters formed in late 2023. For bulls to regain momentum, ONDO must reclaim the 50-day SMA and close above $0.85. Until then, the chart favors the bears, and the trend suggests caution for long positions. Featured image from Dall-E, chart from TradingView

Bitcoin briefly climbed back above $100,000 this month, pushing close to the $108,000 level before a new pullback. The move looks strong on the surface. But based on reports from Glassnode, much of that surge came from traders using borrowed funds, not fresh buyers piling in. Speculative Bets Fuel Recent Rally According to on-chain data, late-June’s volume on Bitcoin futures stayed high as prices marched upward. Traders betting on short-term gains drove the market, even as the excitement behind the rally faded. Funding rates and the three-month futures basis both moved lower, signaling less bullish conviction. In other words, fewer people were making big, long bets on Bitcoin these days. Spot Market Remains Quiet Spot trading did not follow the futures boom. At its $111,910 peak in May, daily spot volume hovered around $7.65 billion. That’s well below the previous cycle highs, which topped $20 billion on some days. Based on reports, new cash from retail or long-term holders stayed on the sidelines instead of flooding in. Institutional Buyers Still Adding Big firms did keep buying. This week saw Michael Saylor’s Strategy, Metaplanet and ProCap BTC together pick up about $1 billion worth of Bitcoin. At the same time, US-listed Bitcoin ETFs bought over $1.5 billion in fresh supply. Those steady purchases hint at genuine interest from institutions, even if short-term traders set the pace recently. Supply Tightness Could Drive Prices Glassnode now shows just 7 million BTC left freely available on exchanges. Roughly 14 million BTC are held by people who haven’t moved their coins in ages. That supply squeeze could support prices if demand holds up. But it also means any sudden sell-off might hit hard when exchange wallets run low. What Comes Next For Bitcoin All in all, the recent jump above $100,000 feels more like a sprint by margin players than a marathon fueled by new believers. Corrections often follow rallies driven by heavy margin activity. Yet, the ongoing buying by big companies and ETFs offers a buffer. If they keep at it, Bitcoin may need a breather now but could rally again later. As of June 28, Bitcoin traded at $106,500, down 0.85% on the day. Market watchers will be looking for a return of fresh spot demand or a stabilizing of futures bets before declaring the uptrend back on solid ground. Featured image from Unsplash, chart from TradingView

Highlights include US NFP, ISMs, EZ CPI, Japanese Tankan,China PMIs and Swiss CPI Newsquawk Week Ahead: Highlights for 30th June-4th July 2025 MON: Japanese Industrial Output (May), Chinese Official PMIs (Jun), German Retail Sales (May), German/Italian Prelim CPI (Jun) TUE: Japanese Tankan (Q2), Chinese Caixin Manufacturing PMI Final (Jun) EZ, UK & US Final Manufacturing PMI (Jun), German Unemployment (Jun), EZ HICP Flash (Jun), US ISM Manufacturing PMI (Jun), WED: NBP Policy Announcement; US Challenger Layoffs (Jun), ADP (Jun), EZ Unemployment (May) THU: Chinese Caixin Services PMI (Jun), Swiss CPI (Jun), EZ, UK & US Final Composite/Services PMI (Jun), US NFP (Jun), Weekly Jobless Claims, ISM Services PMI (Jun), Factory Orders (May) FRI: Swiss Unemployment (Jun), German Industrial Orders (May), EZ Producer Prices (May); 4th July – Early Close CHINESE OFFICIAL PMIS (MON): China will release its official June PMIs on Monday, with desks eyeing whether recent tariff reductions and stabilisation in external conditions have begun to filter through. ING expects the manufacturing PMI to remain in contraction but edge higher to 49.8 (prev. 49.5), while the non-manufacturing gauge is seen broadly unchanged. No market consensus is available at the time of writing. The new export orders sub-index will be in focus amid recent policy support and easing in trade tensions. Desks note that while headline sentiment may stabilise, broader recovery signals remain tentative. The Caixin PMIs follow later in the week. EZ CPI (TUE): Expectations are for headline Y/Y HICP to hold steady at 1.9% and core HICP to tick lower to 2.3% from 2.4%. As a reminder, May inflation data saw Y/Y HICP decline to 1.9% from 2.2% (below target for the first time since September 2024). Core inflation declined to 2.4% from 2.7%, whilst services inflation saw a notable fall to 3.7% from 4.0%. This time around, analysts at Investec expect a further moderation in price pressures. The desk expects headline and core HICP inflation to have seen a 0.1ppt fall, with the annual rates easing to 1.8% and 2.2% respectively. Investec notes that “factors behind this include a further moderation in services as well as in food price inflation, although we think this may be slightly offset by movements in energy and goods prices”. Ahead of the EZ-wide release, French HICP Y/Y rose to 0.8% from 0.6% (Exp. 0.7%) and Spanish HICP Y/Y advanced to 2.2% from 2.0% (Exp. 2.0%). From a policy perspective, given the ongoing appreciation in the EUR, a soft release could heighten calls for the ECB to ease further this year with markets not fully pricing another 25bps reduction until February 2026. However, markets may take greater impetus from the trade front with the latest comments from US Commerce Secretary Lutnick suggesting that a deal with the EU could be announced by the end of next week (week ending July 4th). BOJ TANKAN SURVEY (TUE): The BoJʼs June Tankan survey is expected to show a modest deterioration in business sentiment among both large manufacturers and non-manufacturers, marking the first major confidence gauge since the implementation of new US auto tariffs. According to estimates compiled by 15 private forecasters, and cited by Japanese press JiJi, the large manufacturersʼ diffusion index is seen easing to +10 (prev. +12), as export headwinds from global trade tensions weigh on the outlook. Analysts note that recent reciprocal tariffs, particularly from the Trump administration, have clouded the external demand picture, with autos and related sectors flagged as most vulnerable. On the services side, sentiment is expected to be more resilient, underpinned by solid domestic demand and stable labour conditions. In terms of recent trade commentary, Japanese Economy Minister Akazawa this week said Japan will continue tariff talks with the US with additional reciprocal tariffs due on July 9 in mind, but cannot accept the 25% auto tariff. Try Newsquawk free for 7 days US ISM MANUFACTURING (TUE): As a comparison, US manufacturing activity held steady in June, with the flash manufacturingPMI unchanged at 52.0, matching Mayʼs 15-month high. Factory output rose for the first time since February, and new orders growth remained resilient, S&P Global said. Input purchasing surged, driving the fastest inventory accumulation in over three years, often linked to tariff concerns. Employment rose at the strongest pace in a year, contributing positively to the PMI, while backlogs increased for the first time since September 2022. Price pressures intensified sharply, however, with input and output prices picking up at the fastest pace since July 2022, with most firms attributing higher costs to tariffs. Manufacturers passed these costs to customers, amplifying inflation concerns. S&P said that the data points to near-term manufacturing strength supported by domestic demand and inventory building, but this may be temporary. Export orders slipped and the inventory boost may unwind. Elevated price pressures, largely tariff-driven, suggest ongoing inflation risks. As such, Fed policy is likely to remain cautious, with little justification for imminent rate cuts. SWISS CPI (THU): Juneʼs figure follows the -0.1% Y/Y print we got in May, a negative read that was mainly attributed to falling energy prices and tourism developments. As such, the SNB lowered its short-term inflation forecasts in the June meeting (where a 25bps cut to 0.00% was enacted), taking the Q2-2025 forecast down to 0.0% (prev. 0.3%). As a reminder, Mayʼs figure was -0.1% and Aprilʼs 0.0% and as such the SNB will need an above-zero print for its Q2 average forecast to hold; a print that is possible given recent energy upside and hotter-than-expected reads from France and Spain, for instance, over the same period. For the SNB, the figure will be scrutinised to see if their decisions to go to 0.0% rather than NIRP was the correct move or not. However, of course, the SNB still has multiple months to go until the September announcement. US NFP (THU): US nonfarm payrolls are due to be released on Thursday, rather than the usual Friday, on account of the Independence Day market holidays. The US economy is expected to add 129k nonfarm payrolls in June (prev. 139k; vs 3-month average of 135k, 6-month average of 157k, and a 12-month average of 144k). The unemployment rate is expected to remain at 4.2% (note: the Fed has forecast a rise to 4.5% by the end of this year). The rate of average hourly earnings is expected to cool to +0.3% M/M from vs the +0.4% in May, while average workweek hours are seen unchanged at 34.3hrs. At his post-FOMC press conference, Fed Chair Powell said the labour market remains solid, acknowledging only a “very, very slow continued cooling” that he does not view as troubling; Powell cited strong job creation and labour force participation as signs of continued resilience. This sentiment has been echoed by other officials too. Policymakers also continue to offer their usual caveats, whereby if the labour market were to deteriorate sharply, the Fed would be prepared to step in with looser policy, but for now, officials do not see this in the current data. Instead, while Fed members have been noting that they are attentive to both their inflation and labour market mandates, much of the focus appears to be around inflation dynamics, where the bulk of speakers making remarks in wake of the FOMC meeting suggesting that there are some risks that tariff pressures could stoke prices higher; Fed’s Collins (voter), for instance, said there were risks that core PCE inflation could rise to above 3% Y/Y by year-end. Still, any decent jobs data will likely be pounced on by US President Trump as an argument why the Fed should be in an easing cycle already, ramping up his recent criticism; any downside surprise will also likely be jumped on by the President as an argument why the Fed should be cutting rates. US ISM SERVICES (THU): The consensus expects the ISM services PMI to return to expansion in June, with analysts forecasting a rise to 50.3 from 49.9. As a comparison, the US flash services PMI business activity index eased to a two-month low of 53.1 in June from 53.7 in May. S&P Global said that service sector activity remained solid in June, even though output growth softened. The Services PMI indicated sustained expansion, with new business continuing to rise on strong domestic demand, though exports saw the steepest quarterly decline since late 2022. Input costs and selling prices in services increased again, largely due to tariffs, wages, financing, and fuel, though the pace of inflation eased from May. Backlogs rose at the fastest rate in over three years, prompting a five-month high in hiring, signalling robust demand pressures. However, business confidence in services fell, driven by uncertainty over government policy, particularly spending cuts. The survey compiler said that steady near-term growth is being underpinned by domestic demand, but subdued export performance and softer sentiment may weigh on momentum. Price pressures remain elevated, despite a slower inflation rate in services, implying limited scope for early Fed easing, and policymakers are likely to stay cautious. Copyright © 2025 Newsquawk Voice Limited. All rights reserved. Registered Office One Love Lane, London, EC2V 7JN, United Kingdom · Registered Number 12020774 · Registered in England and Wales. newsquawk.com · +44 20 3582 2778 · info@newsquawk.com Join Global Traders Association for FREE – Click HERE

The second half of 2025 begins not with optimism, but with fatigue. The global economy is not collapsing, but it is clearly bending under strain—economic, geopolitical, and institutional. What is taking shape is not a soft landing, but something more sobering: a slower, structurally weaker cycle in a more dangerous and fragile world. Three developments define this uneasy moment. First, is the looming end of postponement of the US so-called reciprocal tariffs. Second is China’s demonstration that it dominates the supply chain for rare earths and magnets with the same iron grip the US maintains over semiconductors. Washington may soon learn that China also controls key elements in drone production and the US gets an estimated 90% of its drones from China. Third is domestic developments in the US, including the reduction in the Supplementary Leverage Ratio, an expected endorsement of dollar stable coins that require Treasury backing, and continued efforts by the White House to drive monetary policy. Tariffs and Trade Turbulence The Trump administration’s tariff policy is a source of much angst and uncertainty. July 9 is ostensibly the end of the postponement of the “reciprocal tariffs”. The number of deals struck during the 90-day hiatus has been dismally low, and the decision to double the steel and aluminum tariffs during the period was unsettling. Moreover, the tariffs were broadened to include not only the raw materials but consumer products that contain the metals, such as dishwashers, dryers, and washing machines. Still, the administration has dangled the possibility of a longer postponement, and Treasury Secretary Bessent now holds out the possibility that everything will be resolved by early September. We are not convinced that the higher tariff regime will bring back manufacturing jobs to the US. To the extent that manufacturing capacity is expanded, it will likely be highly automated, including robotics, limiting scope for direct employment. The promised revival of blue-collar employment may prove to be little more than political theater. We find ourselves positioned much like our great-grandparents in the late 19th century, witnessing a fundamental economic transition—then from agriculture to industry, now from manufacturing to services. There were countless romantic and moralistic narratives crafted, mourning the loss of the yeoman farmer, the backbone of democracy, they claimed, who provided literal sustenance. There was, they argued, no more important work than theirs, and the closeness to nature and hard work was the essence of virtue. As agriculture output continued to rise even with fewer people employed on farms, so too with manufacturing. As its workforce has fallen, overall output has increased. The nomenclature of economic development turns precisely on this progression. Countries with large agricultural workforces are often associated with frontier economies or developing economies. Nations where a significant part of their labor employed in manufacturing is common in middle-tier countries. The vast majority of employment in high-income countries is in the service sector. Beyond the “reciprocal tariffs” that will come into effect, it is possible that the results of the US Commerce Department’s investigations into sectors identified as critical to national security will be announced. These investigations under Section 232 of the Trade Expansion Act (which is the authorization for the tariffs on steel, aluminum, and autos) cover semiconductors, pharmaceuticals, critical minerals, heavy trucks, timber and lumber, copper, commercial aircraft, and jet engines. The shock and uncertainty have forced many US major trading partners to adjust either monetary and/or fiscal policy to cushion the coming blow. The eurozone, UK, and Canadian economies appear to have slowed in Q2. On the other hand, the trade distortions that saw the US economy contract in Q1 likely exaggerated growth in Q2 to the upside. U.S. Slowdown and Fed's Dilemma A key measure that Federal Reserve Chair Powell often cites is final sales to private domestic purchasers, which has risen by at least 5% (annual nominal pace) for the past seven quarters. In the seven quarters before the pandemic, it averaged a little less than 4%. Nevertheless, we are concerned that the US economy has begun to slow sharply. US retail sales fell for the second consecutive month in May for the first time since the end of 2023. Real consumption through the first five months of the year is flat. This disappointing showing is taking place in the context of weaker consumer confidence, rising weekly jobless claims, the resumption of student loan servicing, and heightened household debt-stress levels. Industrial output fell in May for the second time in three months. The Federal Reserve last cut rates in December 2024. At the time, growth was stronger (Q3 GDP was 3.1% and Q4 GDP was 2.4) and inflation (personal consumption expenditure deflator) was higher (headline was at 2.6% in December and the core was at 2.8%). Chair Powell explained that the tariffs are considerably higher than any one anticipated. Fed officials see a substantial risk that of a meaningful rise in inflation. Target and Walmart, for example, have warned of higher prices soon. We think that the Fed’s next cut will likely be in September. Geopolitical Flashpoints and Economic Weaponization Israel decimated Iran’s proxies, Hamas and Hezbollah, and Tehran’s failure to comply with the UN watchdog limiting its uranium enrichment triggered a new phase in the conflict. Israel’s quickly secured air superiority and proceeded to inflict much damage to Tehran's power project capability. There are different assessments of how long the attack, including the US "bunker-buster bombs" setback Iran's nuclear program but there seems to a loose agreement that it is at least a few years. At the same time, Russia's war on Ukraine, and the vulnerability of Iran demonstrated by Israel, who is widely believed to have nuclear weapons, will likely make them even more desirable. In this context, and seeing the way North Korea is treated, incentives to possess nuclear weapons have increased. Non-proliferation has been undermined. China demonstrated its ability to weaponize the rare earths and magnets supply chain in a similar way the US has done in semiconductor technology. Yet, it is not symmetrical. The White House crypto and AI czar David Sachs warned that China figured out ways around the chip curbs, and that it may be only two years behind the US chip design capabilities. By some estimates, the US is 10-15 years behind China in the technology to process rare earths and 15-20 years behind China in industrial-scale rare earth magnet manufacturing and ecosystem maturity. Confirmation of the understanding reached in London, China's rare earth and magnet shipments to the US appear set to resume. The US will retract some of the measures it announced since the meeting in Geneva in May, including control of ethane, a key feedstock for modern plastics, for which the US dominates. Half of US ethane exports go to China, which is about 250k barrels a day. Arguably more than developments in the capital markets, the domination of various supply chains illustrates changing power dynamics. China first weaponized rare earths when it banned exports to Japan over a fishing trawler dispute in 2010. Between 2023 and 2025, China began imposing export restrictions of strategic materials to the United States, including gallium, germanium, antimony, graphite, and tungsten. However, the “Sputnik moment” (and there have been several recently, including Deep Seek AI breakthrough) came when auto assembly lines in the US and Europe were forced to stop due to the lack of rare earth magnets. Moreover, the US may soon be reminded that China dominates key elements of drone production. It accounts for 70-80% of the world's commercial drones and as much as 90% of America's. After the US sold arms to Taiwan last year, Beijing sanctioned US manufacturer of drones, denying it the ability to source parts in China. Independence of the Federal Reserve The Trump administration has not only transformed the international economic and military discussions, but he is challenging domestic norms as well. The one that the markets are most sensitive to is the independence of the Federal Reserve. Two Fed governors, both of whom were appointed, indicated that a July rate cut may be appropriate. A few days later, President Trump indicated he was considering nominating Chair Powell's replacement in September or October. Since Powell's term does not end until next May, such an early nomination is widely seen as a tactic to add pressure on the Federal Reserve to cut rates. We suspect it could backfire. There have been very few dissents under Powell's leadership, including by nominations made during Trump's first term. A nominee could reveal how isolated he/she is if they were to argue against a position that carried the Fed unanimously or with an overwhelming majority. Yet, with a September rate cut a high probability scenario, an appointment shortly before the meeting would make for poor optics, which may translate into a steeper curve. It might not be offset by the planned reduction in the Supplementary Leverage Ratio (ostensibly freeing up $210 bln of capital at the largest banks) or the regulations intended for stable coins backed by the dollar (US Treasuries). This is especially true of the rising supply necessitated by the growing deficit. The OECD estimates the shortfall will reach 7.5% of GDP this year and 8.1% of GDP next year. It averaged 6.6% in 2023 and 2024. Bannockburn’s World Currency Index As the US dollar has trended lower, Bannockburn's World Currency Index, a GDP-weighted basket of the currencies of the largest 12 economies, which are split between high-income and developing countries, has trended higher. It is reached its best level since last September. BWCI bottomed in early January near 87.70 and was approaching 92.00 in late June. It has pushed above the down trendline drawn off the 2023 highs and came in around 91.20 when it was penetrated. It looks poised to rise toward 93.00 in near-term and 95.00. in the slightly longer-term. Among the G10 currencies, the euro fared best, with a nearly 3.3% rise. It has the highest weighting after the dollar and Chinese yuan at about 18.6%. Sterling rose by about 1.9% and the Australian dollar by 1.6%. Together they account for a little more than 6% of the BWCI. The yen was the only G10 currency to have fallen against the dollar -0.5%). It has a 5% weight. For the index as a whole, the Brazilian real's 4.4% gain was the best, but its weighting is a modest 2.6%. The Russian ruble joined the yen as the only components not to have gained on the dollar in June. It fell 1.7%. The Chinese yuan, which has a 21.4% weight in the index, rose by a modest 0.4%. The Indian rupee, which makes up 4.3% of the BWCI, eked out a 0.1% gain. The Mexican peso rose by about 3% and the South Korean won gained 1.6%. The two combined account for a little more than 4% of the index. U.S. Dollar: Dollar sentiment remains poor, and positioning in the futures market and bank surveys of asset managers show that the adjustment is well advanced. Real sector data are surprising on the downside, though Q2 GDP, which will be reported a few hours before the FOMC meeting concludes on July 30 will likely be distorted in a similar but opposite way that Q1 GDP. We have been expecting the labor market and economy to begin a more palpable deterioration around midyear, and it appears to be at hand. The nearly real-time weekly jobless claims have risen and the four-week moving average rise to its highest level since August 2023 and continuing claims are approaching the two million mark, a level not have not seen since November 2021. June nonfarm payrolls (July 3) look soft, and job growth likely slowed for the second consecutive month. Assuming about a 110k increase in June, the monthly average in H1 25 would be about 122k, about a quarter less than the H1 24 average. The unemployment rate is likely to rise to a new post-pandemic high of 4.3%. The groundwork for a September rate cut may be laid. There is a risk of a dissent at this month’s meeting. The dollar has generally weakened when tariffs are threatened or imposed. It is not yet clear what happens on July 9 when the postponement of the "reciprocal tariffs" ends. And there have been hints that the postponement may be extended for at least a couple of months. Euro: The euro was among the strongest G10 currencies in June, rising by about 3.3%, which brought the year-to-date appreciation to almost 13.2%. The ECB's easing cycle, which began last June, is likely to pause for the next several months, with the deposit rate at 2.0%, slightly above what is estimated to be the neutral rate. The swaps market is discounting about an 85% chance of another cut toward the end of the year. Yet, the economy appears to have slowed considerably after the 0.6% quarter-over-quarter expansion in Q1 25, which was the strongest since Q2 22. Indeed, the median forecast in Bloomberg's survey is for the regional economy to have stagnated, and the outlook for Q3 is only marginally better. If sustained, the rise in oil prices could lift eurozone inflation, and this would have the effect of lowering real rates in the eurozone. We have suggested the euro could toward $1.20 by the end of the year, which may prove to be conservative. (As of June 27, indicative closing prices, previous in parentheses) Spot: $1.1718 ($1.1345) Median Bloomberg One-month forecast: $1.1635 ($1.1300) One-month forward: $1.1743 ($1.1370) One-month implied vol: 8.3% (7.9%) Japanese Yen: The Japanese yen was the only G10 currencies to have fallen against the dollar in June even though the loss was minor (~0.55%). With the economy likely to have eked out minor growth in Q2 after contracting by 0.2% (annualized pace) in Q1, and the shock of the US tariffs (Japan's auto sector accounts for an estimated 10% of GDP and more than 8% of the workforce), the Bank of Japan sounds somewhat less hawkish. The market recognizes that the BOJ's attempt to normalize monetary policy is stalling. The swaps market now prices in 14 bp higher rates at the end of the year than the current 0.50% target. This is down from 30 bp at the end of Q1 25. Meanwhile, to help take pressure off the long-end of the Japanese yield curve, the BOJ announced it will slow the run-off of maturing bonds from its portfolio starting in the next fiscal year (April 2026) and the Ministry of Finance plans on reducing the issues of 20-40 year bonds and boost shorter-end issuance and bills to compensate. The exchange rate's sensitivity to the changes in the US 10-year yield reached a two-year low in May (rolling 30-day correlation <0.10) but rebounded in recent weeks is now near 0.50. Japan goes to the polls on July 19 to elect have of the House of Councillors (upper house). A poor showing by the Liberal Democrats will boost the chances that Prime Minister Ishiba faces a leadership challenge later this year. Rice prices have more than doubled this year (boosting CPI by about 0.6%) and easing the problem could help boost the profile of Shinjiro Koizumi, who became the agricultural minister in May, is the former prime minister's son. Spot: JPY144.65 (JPY144.00) Median Bloomberg One-month forecast: JPY143.65 (JPY144.80) One-month forward: JPY144.15 (JPY143.55). One-month implied vol: 10% (11.1%) British Pound: Sterling extended its advance against the US dollar, rising for the fifth consecutive month, matching the longest advance since 2003/2004. In the first six months of the year, sterling appreciated by about 9.6%. The weak US dollar environment masks the underlying vulnerability of sterling. The economy is soft in Q2 after leading the G7 with a 0.7% quarter-over-quarter expansion in Q1 24. The slowdown in the labor market is accelerating. The number of employees payrolled fell by almost 200k in the three months through May compared with a loss of nearly 51k in the previous three months. The economy contracted by 0.3% in April (-0.1%) expected. Manufacturing output fell by 0.9% in April, which was the third decline in four months. The 0.4% decline in the index of services matched the largest since the end of 2022. The weakness appears to have carried into May, when retail sales increased by 2.7% in volume terms, more than five-times greater than the decline projected in the Bloomberg survey. The Bank of England held its base rate steady at 4.25%, but the divided Monetary Policy Committee (6-3) in the context of the disappointing data boosted confidence of a cut at the next meeting in August. The swaps market has another cut discounted in Q4. Leaving aside short-term countertrend moves, over the next six-to-twelve months, a move into the $1.4000-$1.4200 area seems reasonable. The OECD estimates fair-value (purchasing power parity) is $1.47. Spot: $1.3715 ($1.3460) Median Bloomberg One-month forecast: $1.3635 ($1.3300) One-month forward: $1.3720 ($1.3465) One-month implied vol: 7.6% (7.6%) Canadian Dollar: The US dollar has trended lower against the Canadian dollar snice spiking to almost CAD1.48 in early February. It recorded a 10-month low near CAD1.3540 in mid-June. The reactive bounce was capped at CAD1.3800. The next important technical target is the CAD1.3400 area. The driving force has been the US dollar's broad decline, and the correlation of changes in the Canadian dollar's exchange rate and the Dollar Index is near an 18-month high above 0.70. The Bank of Canada has front-loaded the rate cuts, though there may still be scope another but not until Q4, according to the swaps market. Economists in Bloomberg's survey are concerned that the impact of the US tariffs is only beginning to be evident, and an economic contraction could encourage the central bank to cut rates twice to a terminal rate of 2.25%. Meanwhile, Canada established a new tariff-quota to limit imports of steel from countries with which it does not have a trade agreement. It has also threatened to increase tariffs on US steel and aluminum on July 21 if trade talks with the US stall. Spot: CAD1.3690 (CAD 1.3740) Median Bloomberg One-month forecast: CAD1.3695 (CAD1.3900) One-month forward: CAD1.3670 (CAD1.3720) One-month implied vol: 6.1% (6.1%) Australian Dollar: The Australian dollar reached a seven-month high, slightly above $0.6560 in late June. It appreciated by about 1.6% in June, but with a four-month advance, it is up almost 5.6% this year, the least after the Canadian dollar's 5.3% gain, among the G10. In the coming months, a $0.6800 target seems reasonable. The Reserve Bank of Australia began an easing cycle in February and cut rates in May. The cash target rate is 3.85%. The derivatives market is discounting around a 95% chance of a rate cut at the July 8 meeting, and two more this year. This is to say that the RBA is seen one of the most aggressive G10 central bank in H2 25. The market expects another cut in early 2026. The US and Australia's free-trade agreement has been in place since early 2005 and the US ran a goods surplus with Australia of about $18 bln in 2024. Australia was not given an added "reciprocal tariff" but is subject to the 10% universal tariff and the sectoral tariffs on steel, aluminum, light vehicles, and parts. Lastly, we note that the Trump administration is reviewing the US commitment under the 2021 AUKUS agreement. The risk seems to be growing that the US seeks to modify or abrogate the agreement ostensibly because of the US own military needs. Spot: $0.6530 ($0.6395) Median Bloomberg One-month forecast: $0.6520 ($0.6350) One-month forward: $0.6535 ($0.6400) One-month implied vol: 10.1% (11.0%) Mexican Peso: The dollar was sold to its lowest level against the peso since last August. It reached almost MXXN18.81, the day after the central bank delivered its fourth consecutive 50 bp rate cut on June 26. The decision to cut by a half-point was taken despite inflation rising above the upper end of the target range of 4%. The central bank is more concerned about economic weakness. The economy contracted by 0.6% (quarter-over-quarter) in Q4 24 before rebounding by 0.2% in Q1 25. The median forecast in Bloomberg's survey is for a 0.1% contraction in Q2 25. The pressure on Mexico from shift in US policy is profound. Onshoring, for example, challenges the near- and friend-shoring, which has helped Mexico modernize. The US is threatening to tax worker remittances sent by non-citizens. Worker remittances are the top source of hard currency inflow to Mexico, exceeding foreign direct investment, tourism, and oil exports. The long peso, short dollar trades, especially in the levered community, remains popular. In the futures market, non-commercials (speculators) have had one of the largest net long peso positions since last August. Spot: MXN18.8240 (MXN19.4375) Median Bloomberg One-month forecast: MXN19.10 (MXN19.5285) One-month forward: MXN18.89 (MXN19.5125) One-month implied vol: 9.6% (10.6%) Chinese Yuan: Beijing maintains a firm hand on the yuan's exchange rate. In June, the dollar traded in around a 0.6% range against the yuan (~CNY7.1575-CNY7.20) and not quite twice as much against the offshore yuan (~CNH7.1525-CNH7.2240). The onshore yuan has appreciated by an inconsequential 1.75% against the dollar so far this year, and offshore yuan has risen by around 2.3%. Shadowing the dollar means the yuan has depreciated against the G10 currencies and most emerging market currencies. The People's Bank of China continues to move the daily dollar reference rate more than they did at the start of the year. By setting the reference rate lower, the PBOC effectively lowers the dollar's cap. However, we suspect that with deflationary forces still gripping the economy, there may limited appetite for further yuan appreciation against the dollar. At the same time, the economy seems to be struggling to sustain forward momentum, and additional stimulus may be necessary. The most officials may be prepared to do is moderate the pace of the dollar's decline and yuan's appreciation; not reverse it. Spot: CNY7.1725 (CNY7.1990) Median Bloomberg One-month forecast: CNY7.1830 (CNY7.2500) One-month forward: CNY7.1475 (CNY7.1725) One-month implied vol: 4.8% (4.6%) Disclaimer

Ethereum is showing signs of renewed strength, trading 75% above its April lows as bulls attempt to reclaim lost ground. Despite this impressive recovery, ETH still sits roughly 98% below its all-time highs, leaving significant room for growth if bullish momentum accelerates. Market sentiment is shifting, with many analysts and investors eyeing Ethereum as the leading candidate to spark the long-awaited altseason. Top analyst Ted Pillows recently shared a technical view suggesting that Ethereum has once again retested its lower channel — a pattern that has historically preceded explosive rallies in previous market cycles. In both 2017 and 2021, this same setup led to massive gains, and some believe this cycle could be no different. With macro conditions still uncertain but risk appetite growing across crypto markets, Ethereum’s price action is being closely watched. If the pattern holds, ETH could be on the verge of a powerful breakout that pulls the broader altcoin market along with it. Whether this becomes a historic launchpad or another consolidation phase remains to be seen, but for now, Ethereum is clearly at the center of attention. Ethereum Holds Key Support As Historic Pattern Signals Bullish Potential Ethereum is trading at a crucial technical level after reclaiming the $2,400 mark, where bulls and bears are locked in a tug-of-war. Buyers have managed to defend the key support zone, but upward momentum remains muted as broader market sentiment remains cautious. Geopolitical tensions and tightening macroeconomic conditions continue to shape risk appetite, making many investors hesitant to fully commit to high-beta assets like Ethereum. Still, the long-term setup is attracting attention from seasoned analysts. Pillows points to a recurring historical pattern that could define Ethereum’s trajectory in the coming months. According to his analysis, ETH has retested its lower trend channel once in each major market cycle, and each retest has preceded extraordinary rallies. In 2017, Ethereum surged 300x from this setup. In 2021, it delivered a 50x return. If history even partially repeats itself, a conservative 6x move would send ETH above the $10,000 mark. The setup is technically sound and aligns with the broader sentiment that Ethereum could lead the next altcoin rally, especially if Bitcoin breaks into price discovery. While uncertainty remains, ETH’s current position is a pivotal zone. If bulls manage to maintain structure and push toward range highs, the conditions for a breakout may soon align. ETH Holds $2,400 Level But Faces Resistance Ethereum is consolidating around $2,422 after reclaiming the $2,400 support zone, but the chart shows that bulls face significant resistance just above current levels. On the 12-hour timeframe, ETH has struggled to break above the 50- and 100-period simple moving averages, currently sitting at $2,518 and $2,536, respectively. This cluster of resistance has capped every recent attempt to move higher, reinforcing it as a short-term barrier that bulls must overcome to regain momentum. ETH’s failed breakdown below $2,200 earlier this week now looks like a bear trap, as buyers stepped in aggressively to reclaim lost ground. Still, without a decisive break above $2,530, Ethereum remains vulnerable to another retest of the $2,300–$2,200 support zone. The 200-period SMA near $2,160 remains a key downside level to watch — if price fails to hold above it on future dips, bears could regain control. For now, Ethereum appears to be range-bound, caught between macro uncertainty and bullish hopes for an altseason. A breakout above $2,550 would confirm renewed strength and open the door for a push toward $2,800. Featured image from Dall-E, chart from TradingView

A well-known crypto voice has stirred the pot by saying XRP could one day challenge Bitcoin’s top spot. His name is Charles Shrem, the guy behind the Blockchain Backer channel on YouTube. He’s been bullish on XRP for years. Now he’s saying outright that the altcoin is a threat to Bitcoin. That claim comes at a time when the altcoin is still trailing behind Bitcoin’s recent rally. XRP’s Rise And Fall Against Bitcoin According to charts, XRP jumped over 200% against Bitcoin from November 2024 to January 2025. That was an eye-popping move. Then things went south. Since February 2025, XRP lost about 30% against Bitcoin. Bitcoin, on the other hand, set new all-time highs after February. The crypto mostly hovered around $2. That big swing shows how fast fortunes can change in crypto markets. Analyst Calls XRP A Serious Challenger Based on reports, Shrem has hinted at this view in the past. But he never put it so bluntly until now. He says Bitcoin fans feel threatened by XRP’s potential. He even pointed to online fights where Bitcoin maximalists blasted XRP and its backers. Shrem argues that those attacks prove it has real muscle behind it, at least in the minds of some big players. Trump’s Digital Asset Stockpile Debate In January 2025, US President Donald Trump signed an executive order asking a team to study a “digital asset stockpile.” It didn’t name Bitcoin or XRP. But the move sent shockwaves through crypto circles. Some Bitcoin supporters blamed XRP and Ripple’s boss, Brad Garlinghouse, for pushing to include the altcoin. That blew up into a heated online conflict. Shrem sees that clash as more proof of XRP’s rising profile. Market Cap Gap Remains Wide XRP still has a long way to go. It trades at about $2.19 and boasts a market cap of $129.4 billion. Ethereum sits second with $295 billion. The crypto would need a 135% rise to hit $5. To match Bitcoin’s $2.125 trillion, the altcoin’s price must surge about $1,620% to $36. Back in October, analyst Dark Defender said XRP could reach $36. That call sounds bold today. Overcoming A Big Lead In Adoption XRP’s fast moves get people talking. Its ties to banks and quick payments give it a story that’s very different from Bitcoin’s. But displacing Bitcoin means overcoming a huge lead in adoption and mind share. For now, Shrem’s claim makes good headlines. Whether XRP can turn that talk into market gains is another question. For crypto fans, it’s one of the storylines to watch in the months ahead. Featured image from Enjoy Niigata, chart from TradingView

A set of NFT collections tied to Matt Furie, the creator of the Pepe meme, and the ChainSaw studio have been hit by a string of contract hijacks that led to more than $1 million being stolen. Attackers took control of mint contracts, drained revenue, and issued new tokens, wiping out value and leaving collectors stunned. Many fans were shocked to see the Pepe creator’s NFT projects targeted by attackers with deep access to mint functions. The theft wasn’t a one-time hit. It unfolded in stages, across multiple days and multiple collections, suggesting careful planning and a deep understanding of how the projects were structured. The fact that the attackers gained control from inside the contract level has triggered serious concerns across the NFT community. How the Attack Played Out It began in the early hours of June 18 when the Replicandy mint contract, part of ChainSaw’s ecosystem, was taken over. Ownership was quietly transferred to a new address. That gave the attacker full control. They emptied the mint funds and then reopened the contract to create new tokens. These were pushed out rapidly, flooding the market and crashing prices. Just days later, the same playbook was used on three other ChainSaw-connected collections: Peplicator, Hedz, and Zogz. The total value drained was estimated at over $300,000 at that point, but tracking showed it didn’t stop there. The attacker moved the stolen funds through different wallets before cashing out through the MEXC exchange, all while staying several steps ahead of observers. On-chain researchers, including ZachXBT, tied the activity to wallets that had interacted with earlier contract exploits. Their analysis showed the process was not just opportunistic but systematic. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in June2025 Suspicion Falls on Freelance Code Hires Things took another turn when investigators uncovered GitHub profiles linked to developers who appeared to be based in the U.S. but were using tools and settings associated with North Korea. VPN data and regional preferences raised red flags. The suspicion is that some of the contract access may have come from developers hired through open platforms, given control over sensitive systems without a full vetting process. Source: ZachXBT on X.com In a separate but similar incident, a newer NFT project called Favrr lost $680,000 under almost identical conditions. Their CTO vanished, and funds from the attack followed the same laundering pattern. This has fueled concern because people believe multiple projects may have been compromised through the same outsourcing channels. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Aftermath and Silence The Favrr team announced they would refund users and conduct a full review of their contract architecture. ChainSaw and Matt Furie have taken a different approach. They shut down public chat channels, removed contact forms, and left collectors guessing what, if anything, will be done. EthereumPriceMarket CapETH$292.88B24h7d30d1yAll time The floor prices of affected collections have collapsed. While some owners are hoping for a recovery plan, others have started writing off the tokens as a total loss. What It Says About NFT Security This incident highlights a bigger problem in the NFT space. Too many projects depend on external developers without the right security checks. Mint contracts are powerful tools. Once someone gets access, they can change the rules, unlock funds, and create or destroy value in minutes. Now, collectors are asking more questions before jumping into new drops. Who controls the contracts? How is code reviewed? What kind of security is in place? Without clear answers, this may not be the last time an entire community watches its assets vanish overnight. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Hackers stole over $1 million from Pepe NFT projects by hijacking smart contracts tied to ChainSaw studio and Matt Furie. The attacks targeted multiple collections, draining funds and minting new tokens to crash floor prices across projects like Peplicator and Hedz. Evidence suggests the breach came through freelance developers, with suspicious ties to North Korea and poor internal security practices. A related exploit hit the Favrr NFT project for $680,000, following the same laundering path, raising fears of a broader vulnerability. This highlights a growing risk in the NFT space, where project teams give unvetted contractors access to mint-level permissions without sufficient safeguards. The post $1 Million Drained From Pepe NFT Projects in Coordinated Contract Hijack appeared first on 99Bitcoins.

Ripple and the U.S. Securities and Exchange Commission have agreed to call it quits on one of the most closely watched legal battles in crypto. Both sides are dropping their appeals, bringing an end to nearly five years of courtroom drama over the status of XRP. Ripple CEO Brad Garlinghouse confirmed the decision publicly, saying the company is finally ready to move on. This decision comes after a series of rulings, negotiations, and attempted settlements that kept the industry guessing for years. While some questions remain unresolved, both Ripple and the SEC seem to have decided that continuing the fight was no longer worth it. How It All Started The SEC first sued Ripple back in December 2020, accusing the company of raising more than $1.3 billion by selling XRP as an unregistered security. Ripple pushed back, arguing that XRP should be treated like a currency, not an investment contract. What followed was a long legal tug-of-war that saw partial wins and losses on both sides. In 2023, Judge Analisa Torres ruled that XRP traded on public exchanges did not violate securities laws. However, she also found that Ripple’s institutional sales of XRP did. That ruling set the stage for a complicated round of appeals. Ripple challenged the decision on institutional sales. The SEC, on the other hand, wanted to challenge the ruling that XRP used by retail traders did not fall under securities rules. DISCOVER: 20+ Next Crypto to Explode in 2025 Why They’re Walking Away Now Earlier this month, Ripple and the SEC tried to reach a final resolution. Ripple offered to pay a lower penalty and end the case. But the judge pushed back, saying her previous ruling still stood and neither side could sidestep it. That made it clear that the appeals process would drag on, with no guarantee of a better outcome for either party. XRPPriceMarket CapXRP$129.04B24h7d30d1yAll time In the end, both Ripple and the SEC seem to have decided that enough was enough. By dropping the appeals, they lock in the current court findings and avoid the risk of a higher court reversing any part of the judgment. That means the mixed result from last year will stand: XRP is not a security when sold on exchanges, but it is when sold to institutional investors in the way Ripple originally did it. DISCOVER: 20+ Next Crypto to Explode in 2025 What It Means for the Crypto Market The end of this legal battle removes a major cloud that has been hanging over XRP and, more broadly, over crypto regulation in the United States. For Ripple, it clears the way to focus on growing its payments business and building out the XRP Ledger without the constant distraction of court deadlines and legal fees. Source: Shutterstock For the industry, it may mark a turning point. Regulators and crypto companies have spent the last few years locked in lawsuits over how digital assets should be classified. This case was a key example. With it wrapped up, there may be more room for cooperation or at least a little more clarity about what counts as security. What Comes Next Ripple still faces a fine tied to its past institutional sales, but the appeals are done. From here, the focus shifts to how the company rebuilds momentum and how regulators respond. With Congress debating new legislation and other lawsuits still pending, the XRP case may be over, but the broader conversation about crypto regulation is far from settled. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ripple and the SEC have officially ended their appeals, closing a nearly five-year legal battle over the status of XRP. Judge Torres’ 2023 ruling stands: XRP is not a security when traded on exchanges, but it is when sold to institutional investors. Both parties walked away from appeals to avoid further risk and legal costs, locking in a mixed court outcome. The end of the case clears a major regulatory hurdle for Ripple and removes uncertainty for XRP holders. While the Ripple-SEC case is over, the broader debate around crypto regulation and asset classification continues in U.S. courts and Congress. The post Ripple and SEC Drop Appeals, Ending a Five-Year Legal Standoff appeared first on 99Bitcoins.

According to a recent analytics, stablecoins handled 35 trillion in on-chain transaction volume over the past year, with their average supply hovering around 195 billion. Those numbers show how much these tokens fuel trades, loans and cross-border transfers. Yet questions about whether they really count as “money” are now front and center. Stablecoin On-Chain Traffic Based on reports, stablecoins have become the workhorses of crypto trading. Volume hit 35 trillion in the last 12 months. At the same time, their circulating supply stayed at 194.6 billion. That steady supply suggests tokens like USDC and USDT are parked, ready for the next move. Traders shift them in and out of Bitcoin and altcoins. Payment platforms weave them into digital rails. The scale is hard to ignore. IMF Deputy MD Raises Money Question According to IMF Deputy Managing Director Bo Li, the big challenge is classification. Are stablecoins part of M0, M1 or a new category altogether? He posed those questions at the 2025 World Economic Forum in Davos. Getting that wrong could reshape how banks set reserves and how regulators cut red tape. Li also pointed out that policy experiments are popping up all over. Some of them may not survive a real stress test. National Rules Diverge Based on policy outlines, the US is moving ahead with the GENIUS Act. Europe has drafted its own rulebook. Over in Asia, Hong Kong plans to roll out its Stablecoin Ordinance in August 2025. Those efforts show a strong push to make rules more clear. But they also underscore a lack of global unity. Businesses could face one set of rules in New York, another in Brussels and a third in Hong Kong. That patchwork approach risks adding costs for firms and confusion for users. Global Bodies Seek Cooperation According to Bo Li’s remarks, fragmented rules carry real risks. He warned that gaps in enforcement might let bad actors slip through. To avoid that, the IMF is teaming up with the Financial Stability Board and the Basel Committee. Their goal is to craft more consistent guidance. If they pull it off, regulators in different countries might follow a shared playbook rather than compete by cutting corners. Market Keeps Growing Based on market data, stablecoin supply has now topped 250 billion. A large share of that capital is parked in Bitcoin, waiting for the next rally. Some analysts spot chart patterns that echo early altcoin breakouts. That could signal a fresh surge of trading across tokens once confidence builds. For now, stablecoins sit at the center of crypto plumbing. Featured image from Unsplash, chart from TradingView

Ethereum has seen a notable spike in its daily transactions after a week filled with uncertain market movement. While the rise in the daily transactions has caught attention, what is really essential to point out is that it has been a long time since the daily transactions have been this high. In fact, the spike has led to the highest level that Ethereum’s daily transactions have been in over 16 months, showing a return to the blockchain that seemed previously abandoned. Ethereum Daily Transactions Cross 1.7 Million According to data from the on-chain data aggregation website, Nansen, the Ethereum daily transaction count has spiked by almost 50% over the last few days. The week had begun with the daily transaction count sitting at 1.2 million on Monday. However, by Wednesday, this figure was already changing rapidly to reach new yearly peaks. As the Ethereum price rose above $2,400, so did participation on the blockchain, leading daily transactions to rise to 1.729 million. This sharp spike has led to the highest level so far in 2025, and is the first time since January 2024 that the daily transactions has crossed the 1.7 million mark. At the same time, there was also an unusual spike in the daily active addresses, which rose by almost 50% as well in the same time period. The daily active addresses rose from 345,406 addresses to 593,637 addresses in the space of four days. All of these have happened as the Ethereum price has recovered, suggesting that the spike in on-chain participation is actually more from investors buying than selling. If this trend continues, then it could send the Ethereum price soaring higher from here. Sell Volume Begins Dominating ETH Price In contrast to the rise in Ethereum on-chain participation, there has also been an increase in the on-chain sell volume compared to the buy volume. Nansen data points out that in the $168.37 million on-chain buy volume recorded in a 24-hour period, approximately $78.15 million was going toward buys, while a little over $90 million was from sellers. Furthermore, when it comes to individual transactions involved in buying and selling Ethereum, the sellers remain in the lead. There were more than 52,000 buy transactions recorded during this period, with around 24,300 buyers. While the sell transactions ran up towards 74,000, with sellers at more than 32,000. This shows a higher percentage of sellers compared to buyers, which would explain why the price has been unable to reach other support levels. This rise in the selling volume suggests that the buys are not enough to absorb the selling volume. This could fight off any buying momentum that could lead to a price recovery and keep the Ethereum price down while the crypto market struggles to find its footing.

Ethereum is currently trading in a period of subdued price movement, reflecting broader consolidation across the crypto asset market. At the time of writing, ETH is trading around $2,423, marking a slight 0.9% daily decrease and standing more than 50% below its all-time high of $4,878. This stagnation has coincided with a broader lack of catalysts to drive a sustained rally, leaving traders cautious about Ethereum’s near-term trajectory. Despite this lack of price momentum, network activity on Ethereum tells a different story. Ethereum On-Chain Metrics Point to Increased Network Engagement According to CryptoQuant analyst Carmelo Alemán, the number of confirmed transactions on the Ethereum network recently spiked to 1,750,940, making it the third-highest daily transaction count in its history. Alemán notes this trend may signal underlying usage strength, even as market participants wait for a more significant price response. Alemán’s analysis focuses on Ethereum’s “Transaction Count (Total)” metric, which captures all forms of activity, including ETH transfers, smart contract executions, and interactions with decentralized applications and DeFi protocols. The recent surge reverses a months-long downtrend and represents the highest transaction count since January 14, when Ethereum recorded 1.96 million transactions. According to Alemán, this spike may be driven by increased arbitrage, trading activity, and interactions with Layer 2 networks, which continue to absorb substantial transaction volume. Platforms like Arbitrum and Optimism remain key contributors to Ethereum’s broader usage. He further points out that, despite ETH price volatility within the $2,100–$2,880 range in recent weeks, the uptick in network traffic may hint at early-stage accumulation or renewed DeFi interest. This dynamic, while not immediately reflected in the asset’s valuation, suggests that Ethereum’s core infrastructure continues to see meaningful use. Speculative Behavior and Exchange Flows Raise Short-Term Concerns Separately, another CryptoQuant analyst, Amr Taha, has examined Ethereum’s recent technical setup from a derivatives market perspective. Taha highlights that ETH funding rates on Binance have shifted from negative to positive territory, a sign that leveraged long positions are building, which may reflect expectations of continued price upside. However, this shift also raises the potential for overextension, particularly if longs begin to dominate positioning. Taha also references a recent retest of a key short-squeeze zone, during which market participants who had shorted ETH were forced to close positions, triggering rapid buy orders. Such moves can generate short-term surges, but they’re often followed by correction phases once speculative energy fades. Meanwhile, exchange data showed more than 177,000 ETH deposited on Binance over three days, indicating potential sell pressure or repositioning by large holders. Featured image created with DALL-E, Chart from TradingView

After breaking out of a bullish formation, SEI is attempting to reclaim a crucial level to continue its rally. Some analysts suggest that the cryptocurrency is preparing for another massive rally toward the $0.50 resistance. SEI Leads Crypto Market As the market recovers from the recent pullback, SEI has soared from its local low and broken out of crucial levels. Earlier this week, the cryptocurrency pulled a nearly 100% rally from its 16% drop. Notably, SEI’s price followed the rest of the market last week and retested the $0.15 level, a support not seen since early April. Over the weekend, the altcoin recovered the crucial $0.20 area before jumping nearly 70% at the start of the week. Since then, the token has been hovering between $0.24 and $0.29, attempting to break out of the $0.30 resistance on Friday morning. Following this performance, analyst Sjuul from AltCryptoGems named SEI the “Bull of the week,” highlighting the cryptocurrency’s “beast mode” fueled by “the record on-chain activity of the token that has brought in new investors and whales” to the network after the breakout. Notably, the cryptocurrency is leading the top 100 cryptocurrencies list with a 43% weekly surge, surpassing the performance of market leaders Bitcoin (BTC) and Ethereum (ETH). Crypto Raven noted that SEI “has done a great job of breaking out as the market is looking very fresh right now,” suggesting the cryptocurrency could rally another 70%. Per the post, “if the market supports a bit more, we can very well reach $.5 from here. Back to the glory days of SEI.” Nonetheless, the market watcher considers that the altcoin could consolidate around the current area for a short period before continuing its rally toward the Q4 2024 levels. $0.28 Reclaim Needed For Bullish Continuation Analyst Nebraskangooner highlighted a four-month inverse Head and Shoulders (H&S) pattern on SEI’s chart, noting that it was confirmed after this week’s breakout. The cryptocurrency broke out of the formation’s neckline after Wednesday’s price action, pointing out that “anything down to key support would be a solid retest spot.” After the retracement to the $0.27 area, the cryptocurrency retested the neckline, which SEI must hold for bullish continuation. Notably, SEI’s price has held this level despite closing around the $0.25 mark on Thursday. Similarly, Michaël van de Poppe affirmed that SEI will likely continue to rally as a “massive” bullish divergence on its trading pair against Bitcoin suggests that the cryptocurrency’s price is reversing. Based on this, the analyst forecasted that investors could “see 300+ sats soon.” Meanwhile, market watcher The Wyckoff Architect shared a Low Time Frame (LTF) analysis on SEI’s price action. To the analyst, a reclaim of the Fair Value Gap (FVG) at $0.285 will confirm bullish continuation, with the cryptocurrency consolidating before breaking out. On the contrary, failing to reclaim and hold this area would trigger a bear scenario and risk a drop to a new local low. As of this writing, SEI is trading at $0.28, a 12% increase in the daily timeframe.

Bitcoin is treading cautiously below the $110,000 level, signaling a pause in momentum after recent highs. At the time of writing, the asset is priced at $106,841, marking a mild 0.4% decline over the past 24 hours. Despite brushing a daily high of $107,884, BTC appears to be consolidating in a narrow range, with market participants watching for the next significant move. Amid this relatively flat price action, on-chain trends suggest that not all is quiet under the surface. A new analysis by CryptoQuant contributor “oinonen” sheds light on wallet activity within Binance, one of the largest crypto exchanges by trading volume. Bitcoin Mid-Tier Investors Take Center Stage on Binance Oinonen’s findings point to a sharp increase in whale-level participation, as well as a notable contribution from mid-tier investors, which could have implications for broader market behavior. Citing CryptoQuant’s on-chain metrics, the analyst revealed that Binance’s inflow data shows that wallets depositing between 10 and 100 BTC now account for 40% of all Bitcoin inflows. These wallet sizes typically belong to high-net-worth individuals, trading firms, or mid-sized institutions—those who sit between retail traders and deep-pocketed whales. In contrast, whale-level inflows (100–1,000 BTC) currently represent 20% of the total, highlighting that mid-tier players may be driving more exchange activity than larger whales at this time. Interestingly, whale activity still made a major appearance recently. On June 16, inflows of 10,000 BTC surged and made up 83% of total exchange inflows on Binance that day, reinforcing earlier observations from Oinonen about increased whale presence over the past year. According to CryptoQuant’s whale ratio metric, that presence has reportedly jumped by as much as 400% since mid-2023. Binance Deposit Data Points to Rising Institutional Interest Beyond just inflow ratios, Binance’s overall deposit metrics suggest a growing trend of larger average deposits. The average Bitcoin deposit rose from 0.36 BTC in 2023 to 1.65 BTC in 2024. The exchange processed $21.6 billion in user fund deposits in 2024, roughly 40% more than the combined totals of the next ten crypto exchanges. Despite the growing institutional footprint, the significant portion of deposits in the 10–100 BTC range shows that mid-level market participants remain active contributors to the trading ecosystem. This data may reflect a broader shift in how BTC is being accumulated and moved, where influence is shared between whales and mid-sized investors. While whale flows often generate headlines, the consistent presence of mid-tier wallets can signal healthier market participation and a more distributed form of liquidity provision across the board. With Bitcoin still consolidating near key price levels, these on-chain trends could help shape its next breakout, whenever it comes. Featured image created with DALL-E. Chart from TradingView

Ethereum (ETH) has recorded strong gains over the past two weeks, rising from $2,111 on June 12 to $2,515 on June 25, reigniting hopes for a sustained bullish rally that could push the digital asset beyond the crucial $3,000 level. Ethereum Rally Marked By Shift In Dynamics According to a recent CryptoQuant Quicktake post by contributor Amr Taha, Ethereum’s latest rally has been accompanied by a notable shift in market dynamics – including a flip to positive funding rates, a potential short squeeze, and a rise in ETH inflows to Binance crypto exchange. Recent data from Binance reveals a significant shift in ETH funding rates from negative to positive. Positive funding rates typically indicate that traders are opening or holding leveraged long positions, reflecting expectations of further upside. However, rising funding rates may also raise the risk of a short-term price pullback if long positions become overextended. Data from CoinGlass shows that 68.15% of liquidations over the past 24 hours were long positions – highlighting this risk. Taha also emphasized the role of a short squeeze in Ethereum’s recent price surge and the increase in funding rates. As ETH’s price climbed, it retested the previous short-squeeze zone around $2,500. He explained: In that earlier event, short positions were forcibly closed by initiating aggressive market buy orders to cover their exposure, triggering a cascading effect known as a short squeeze. This dynamic occurs when traders who had bet against ETH (shorts) are forced to close their positions by aggressively buying back the asset to limit losses. Meanwhile, ETH inflows to Binance have also spiked. On-chain exchange data suggests that 177,000 ETH was deposited into Binance over a three-day period – an unusually high volume. Such a surge typically signals increased selling pressure or large-scale repositioning by major holders. Large transfers of ETH to exchanges often precede either potential sell-offs or liquidity provisioning. In conclusion, Taha noted that while a short-term correction may be likely, ETH’s breakout above $2,500 underscores the aggressive speculative activity driving its recent price action. Traders are advised to closely monitor funding rates and exchange flows for signs of an impending retracement. ETH Bulls Take The Charge Recent technical analysis suggests ETH may be gearing up for a breakout above the $2,800 resistance level. The asset also recently formed a golden cross on the daily chart, fuelling speculation that a new all-time high (ATH) could be within reach. That said, ETH is not entirely in the clear. Technical analyst Crypto Wave recently predicted that the cryptocurrency may revisit lower levels in the $1,700 to $1,950 range. At press time, ETH trades at $2,429, down 0.4% over the past 24 hours.

A federal judge has rejected Ripple and the SEC’s proposed $50 million settlement, but social media sentiment around XRP has turned bullish anyway. Ripple-SEC Settlement Stalled After Court Rejection The Ripple-SEC case seemed to be moving forward after both parties agreed on a reduced $50 million settlement, but the joint motion for an indicative ruling has now been rejected in court. According to the filing shared by defense lawyer James K. Filian in an X post, the two haven’t “come close” to showing exceptional circumstances outweighing public interest or the administration of justice that would justify modifying the judgment. This means that the original fine of $125 million still stands for Ripple. Following the news, XRP has taken a bearish hit to its price, as the below chart displays. The asset was trading around $2.15 at the time the news broke out, but it has since fallen below $2.09, implying a decrease of around 3%. Naturally, this reaction is quite mild by the cryptocurrency sector’s standards, but could still suggest some panic selling. Sentiment among the retail crowd, however, has seen a surprising jump, as per social media data. XRP Sentiment On Social Media Has Seen A Bullish Jump In a new post on X, the analytics firm Santiment has talked about how the social media users have responded to news of the Ripple-SEC case stalling. The indicator shared by Santiment is the “Positive/Negative Sentiment,” gauging the ratio between positive and negative comments involving a given coin on the major social media platforms. The indicator separates between positive and negative posts/threads/messages on the platforms using a machine-learning model and determines how the counts of the two compare. Here is a chart that shows the latest trend in the metric for Bitcoin, Ethereum, and XRP: As displayed in the above graph, the Positive/Negative Sentiment is currently above the 1 mark for all three of these cryptocurrencies, indicating that posts pertaining to bullish sentiment outweigh the bearish ones. For Bitcoin and Ethereum, however, the positive comments only have a slight advantage, meaning that while optimism does exist among the crowd, it’s quite mild. From the chart, it’s visible that XRP has diverged from these assets with a sharp spike, which has taken its Positive/Negative Sentiment to a value of 2.1. This is the highest level for the cryptocurrency in 17 days and corresponds to there being more than double as many bullish calls as bearish ones. Often, retail sentiment acts as a contrarian signal, with extreme values in either direction leading to some sort of reversal in the price. As such, while this development in crowd mentality could potentially imply investors aren’t worried about the news, the indicator could still be to keep an eye on.

In a post on 27 June, crypto-market chartist Dr Cat (@DoctorCatX) warned that Bitcoin’s ostensibly bullish weekly structure may be concealing a latent “time bomb” that could detonate if bulls fail to force a decisive breakout over the next three to four weeks. The technician’s diagnosis hinges on a classic Ichimoku paradox: an expanding bullish kumo and a flat Kijun Sen on the weekly timeframe are clustering with a constellation of bearish warnings on the daily and two-day charts. Bitcoin Faces A July Time Bomb “Look at the weekly kumo: it’s expanding, widening,” Dr Cat began. “This means that bullish momentum is building for potential trend sustainability even though the trend is not active as Kijun Sen is flat.” The observation is significant because an enlarging kumo—formed by the Senkou Span A/B envelope—generally represents thickening support, making sudden breakdowns statistically less probable as long as the cloud keeps widening. At the same time, the Chikou Span (CS) is “above the candles without a gap,” but, Dr Cat cautioned, it has “4 weeks deadline to close above ATH or will enter the candles.” Should the lagging line be absorbed back into price, the textbook interpretation is a loss of bullish conviction at the largest visible scale. That ostensibly constructive weekly backdrop contrasts starkly with a “lot of red flags on the daily hinting for a bearish scenario which can escalate on many levels.” Among those alarms is the prospect of a death TK cross on the two-day chart, anticipated “tonight,” in which the Tenkan Sen slips below the Kijun Sen—often the prelude to a down-leg when it materialises beneath the cloud. “So how do you interpret such conflicting information from different timeframes?” the analyst asked rhetorically, underscoring that traders who privilege only a single interval risk being blindsided. Dr Cat’s answer is a roadmap defined by time. Because the weekly cloud continues expanding, “it is hard for the price to dump a lot” immediately; historically, the kumo “needs first to become flat.” The flattening mechanism is mechanical: if Bitcoin fails to record a fresh all-time high “in 2 weeks from now,” roughly by the week that begins 14 July, the leading Senkou Span A numerator will stop rising, truncating cloud expansion. That in turn opens a window for gravity to reassert itself on the higher timeframe. Against that backdrop the analyst offered two conditional trajectories. First scenario: bearish signals on the lower charts mature. “The price will likely need at least 1.5 month or so for a very big dump on the weekly scale, because the weekly kumo will keep expanding for 2 more weeks,” Dr Cat wrote. During that holding period the market could “range around / just do small dumps to the $90s,” a reference to the high–$90 000 zone that has defined range lows since late spring. Should this grind continue beyond the second half of July without a structural shift on daily Ichimoku metrics, weekly momentum would invert: the kumo would cease expanding and the CS would dive into prior candles, removing two of the most durable layers of longer-term support. Second scenario: bulls seize the initiative. To “save the chart from the warning signs,” buyers must engineer “a higher high above the $110,600 high shortly after the 27th of June,” thereby invalidating the bearish daily setup and re-energising the top-down trend. Time is critical: after “the week starting on 14th of July,” the CS will approach prior candlesticks, making each subsequent failure to print a new high proportionally more damaging. Dr Cat locates a final decision node on “the Sunday of the week starting on the 14th of July”—20 July—when the interplay between a stalling cloud and an in-candle CS could arm an additional set of “red flags for bulls.” The post stops short of assigning explicit probability weightings to either outcome, but its construction implies that the market’s most consequential catalyst in mid-summer may not be macro data or ETF flows so much as a self-reflexive technical countdown visible to every chart-watcher who uses Ichimoku. With roughly three weeks remaining before the cloud loses upward curvature, participants must choose between forcing a breakout above $110,600 or bracing for a higher-time-frame correction that could test sub-$100 000 territory. Whether Bitcoin’s expanding cloud proves a shield or a trap is, by Dr Cat’s own framing, “hidden in plain sight.” For now, the bullish weekly silhouette buys bulls breathing-room, but the daily and two-day warnings ensure that every hour the asset trades side-ways the theoretical time bomb ticks louder. At press time, BTC traded at $106,778.

Bitcoin returned to its familiar price range over the week after a dip last weekend brought its price to just under $99,000. This was followed by a bounce to the $106,000 price level, which has given bulls a reason to remain hopeful. However, on-chain data shows some deeper cracks are forming beneath the surface. The latest on-chain data from analytics firm Glassnode shows growing signs of fatigue in both spot and futures markets. These are conditions that may again cause Bitcoin price to retest $99,000. Price Support Holds, But Momentum is Clearly Fading Bitcoin has gone through multiple price swings in recent days, but it has found its way back to the narrow $100,000 to $110,000 band that has defined market structure since early May. On-chain data from Glassnode shows that strong accumulation between $93,000 and $100,000, which is visible on the Cumulative Volume Delta (CBD) Heatmap, has so far served as a buffer zone that helped Bitcoin’s prices bounce during the most recent geopolitical volatility. However, market volume indicates that this structural support may soon face additional pressure. According to the latest weekly report by Glassnode, investor profitability and engagement surrounding Bitcoin are cooling rapidly. Specifically, a third major wave of profit-taking is causing the 30-day realized profit average to taper, and on-chain activity has decreased significantly. The 7-day moving average of on-chain transfer volume has dropped by about 32%, from a peak of $76 billion in late May to $52 billion over the recent weekend. Current spot volume trading, which is now at just $7.7 billion, is far below the volumes seen during previous rallies. The lack of strong buying enthusiasm on the spot market shows that bullish sentiment has been replaced by caution. As such, the risk of a breakdown below $99,000 grows unless another wave of demand re-enters. Futures Market Also Cooling Off The slowdown in sentiment is not limited to the spot market. Although Bitcoin is attracting interest on derivatives exchanges, there are clear signs that futures sentiment is waning. Open interest dropped by 7% over the weekend, from 360,000 BTC to 334,000 BTC, and funding rates have been declining steadily since Bitcoin hit its Q1 2025 all-time high. Futures market participants had been very active through Bitcoin’s climb to $111,800 in May, but their conviction appears to be fading now. A further indication of a growing reluctance to hold long positions is the sharp decline in both the annualized funding rate and the 3-month rolling basis. Without stronger directional conviction, the futures markets may not provide the upside needed to push Bitcoin to new highs. This situation may instead contribute to additional downward pressure. So far, Bitcoin has respected the $93,000 to $100,000 support zone, which was heavily accumulated during the Q1 2025 top formation. However, with low spot volumes, on-chain activity slowing, and fading futures sentiment, this support could become tested again. If market participants with a cost basis in this zone begin to sell, the resulting pressure could drag Bitcoin below $99,000 again next week. At the time of writing, Bitcoin is trading at $107,100.

An interdisciplinary team of experts in green chemistry, engineering and physics at Flinders University in Adelaide, Australia, says it has developed a safer and more sustainable approach to extract and recover gold from ore and electronic waste. Published in the leading journal Nature Sustainability, the gold-extraction technique promises to reduce levels of toxic waste from mining and shows that high purity gold can be recovered from recycling valuable components in printed circuit boards in discarded computers. The project team, led by Professor of Chemistry Justin Chalker, applied this integrated method for high-yield gold extraction from many sources – even recovering trace gold found in scientific waste streams. The progress toward safer and more sustainable gold recovery was demonstrated for electronic waste, mixed-metal waste, and ore concentrates. “The study featured many innovations including a new and recyclable leaching reagent derived from a compound used to disinfect water,” said Chalker, who leads the Chalker Lab at Flinders University’s College of Science and Engineering. “The team also developed an entirely new way to make the polymer sorbent, or the material that binds the gold after extraction into water, using light to initiate the key reaction.” Extensive investigation into the mechanisms, scope and limitations of the methods are reported in the new study, and the team now plans to work with mining and e-waste recycling operations to trial the method on a larger scale. “The aim is to provide effective gold recovery methods that support the many uses of gold, while lessening the impact on the environment and human health,” Chalker added. The new process uses a low-cost and benign compound to extract the gold. This reagent (trichloroisocyanuric acid) is widely used in water sanitation and disinfection. When activated by salt water, the reagent can dissolve gold. Next, the gold can be selectively bound to a novel sulfur-rich polymer developed by the Flinders team. The selectivity of the polymer allows gold recovery even in highly complex mixtures. The gold can then be recovered by triggering the polymer to “un-make” itself and convert back to monomer. This allows the gold to be recovered and the polymer to be recycled and re-used. Global demand for gold is driven by its high economic and monetary value but is also a vital element in electronics, medicine, aerospace technologies and other products and industries. However, mining the previous metal can involve the use of highly toxic substances such as cyanide and mercury for gold extraction – and other negative environmental impacts on water, air and land including CO2 emissions and deforestation. The aim of the Flinders-led project was to provide alternative methods that are safer than mercury or cyanide in gold extraction and recovery. The team also collaborated with experts in the US and Peru to validate the method on ore, in an effort to support small-scale mines that otherwise rely on toxic mercury to amalgamate gold. Gold mining typically uses highly toxic cyanide to extract gold from ore, with risks to the wildlife and the broader environment if it is not contained properly. Artisanal and small-scale gold mines still use mercury to amalgamate gold. Unfortunately, the use of mercury in gold mining is one of the largest sources of mercury pollution on Earth. Chalker said interdisciplinary research collaborations with industry and environmental groups will help to address highly complex problems that support the economy and the environment. “We are especially grateful to our engineering, mining, and philanthropic partners for supporting translation of laboratory discoveries to larger scale demonstrations of the gold recovery techniques,” he said. Lead authors of Flinders’ major new study – postdoctoral research associates Max Mann, Thomas Nicholls, Harshal Patel and Lynn Lisboa – extensively tested the new technique on piles of electronic waste, with the aim of finding more sustainable, circular economy solutions to make better use of ever-more-scarce resources in the world. Many components of electronic waste, such as computer processing units and RAM cards, contain valuable metals such as gold and copper. “This paper shows that interdisciplinary collaborations are needed to address the world’s big problems managing the growing stockpiles of e-waste,” Mann said.