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According to a new analysis shared by crypto analyst Tony “The Bull” Severino, Bitcoin has just closed the quarterly chart with a perfected TD9 sell setup. This is actually interesting, because it adds a possibly long timeline before Bitcoin can reach any further significant price target. Most of Bitcoin’s daily candles in the past seven days have shown mild upward pressure supported by positive sentiment from various technical analyses. However, according to the TD9 setup, Bitcoin could take up to four years to reach $149,000. TD9 Setup Hints At Slow Climb To $149,000 The TD9 is a component of the TD Sequential indicator, which is often used to identify trend exhaustion, potential reversals, and possible trend changes. Interestingly, what makes this particular signal notable at this point is that it is now projecting a TD Risk level of $149,490, which is essentially a price target for Bitcoin. But if past patterns on the TD9 indicator are anything to go by, getting there might take much longer than bulls expect. In 2017, a similar perfected TD9 appeared during Bitcoin’s first rally to $20,000. At the time, the TD Risk was projected at $35,000. It wasn’t until late 2020, roughly four years later, that Bitcoin finally reached and broke above that level. A prior occurrence in 2014 offered the same story. Back then in 2014, the TD9 setup projected a TD Risk of $2,400, but it took approximately 3.5 years to cross that threshold. Now, despite the bullish sentiment today, this historical precedent suggests it could take similar years before the $149,490 target being currently projected by the TD Risk is finally tested or breached. The 3-month candlestick price chart shown above provides a visual analysis of this projection. From the 2014 cycle low, it took 915 days across 10 quarterly candles for Bitcoin to reach its next high. After the 2017 signal, it took 1,096 days (or 12 quarterly candlesticks) for BTC to finally surpass the projected TD Risk level. Bitcoin Price Action On Gradual Climb Bitcoin has spent the past seven days in a steady but modest uptrend, rising approximately 1.5% from a weekly low around $105,430 to the current range between $109,240 and $109,600. During this move, Bitcoin’s price action tested and retested resistance in the $108,200 to $108,800 zone several times in the past 24 hours. However, it ultimately pushed higher, showing a slow but stable bullish undertone. At the time of writing, Bitcoin is trading at $109,330, up by 2% in the past 24 hours. It is currently about a 36% move away from reaching the $149,490 price target. However, if Tony Severino’s timeline on the TD9 Risk setup does play out, it wouldn’t be until sometime around July 2029 before Bitcoin reaches the $149,490 price target.

Marimaca Copper (TSX: MARI; ASX: MC2) shares soared to a new 15-year high Thursday on the release of copper sulphide drill results as high as 6 metres grading 12% copper at its Pampa Medina project in northern Chile. That intercept, drilled from 594 metres depth in hole SMRD-13, included 26 metres at 4.1% copper and 100 metres grading 1.3% copper, Marimaca said in a statement. Another hole, SMD-02, cut 132 metres at 1% copper from 278 metres, including 40 metres grading 2.1% copper. The project is about 25 km west of the company’s main Marimaca Oxide Deposit (MOD) and 1,250 km north of the capital Santiago. “Game changer, particularly for the sulphide intercepts,” Canaccord Genuity analyst Dalton Baretto said in a note. “The Pampa Medina discovery could be very synergistic with the main Marimaca Oxide Deposit, given [its] proximity and the ability to share infrastructure [and] we see options for a larger project and a longer mine life (and perhaps even a potential relocation of infrastructure should this project prove up at scale).“ The thick, high-grade intercepts offer the potential for a much larger scale copper system, Marimaca President and CEO Hayden Locke said in a release. “These results add a new dimension to our strategy and, we believe, strengthen our potential to be a globally significant copper producer in time,” he said. Upcoming feasibility The Vancouver-based company is working on a feasibility study for its main MOD project, expected to be released by the fourth quarter. Just one month ago, it received C$24.4 million in private placement financing to fund the study. However, a previously planned preliminary economic assessment for Pampa Medina is to be paused while the company assesses the drill results. Marimaca shares surged 25% to a new 15-year high of C$9.09 apiece Thursday at mid-afternoon, for a market capitalization of C$967.95 million. Another significant result at Pampa Medina includes hole SMRD-12, which cut 56 metres grading 1.4% copper from 566 metres depth. Infrastructure advantages Pampa Medina’s infrastructural context offers particular benefits for the project, including proximity to other mines and its low altitude and relatively flat surroundings which could provide sufficient space for potential facilities. The port of Mejillones is also about 25 km west, Marimaca said. About 40 km southwest is Capstone Copper’s (TSX: CS; ASX: CSC) Mantos Blancos project and Antofagasta Minerals’ (LSE: ANTO) Cachorro project is about 40 km to the northeast. South32’s (ASX: S32) Sierra Gorda project is 64 km east, and just northeast of that is BHP’s (NYSE, LSE, ASX: BHP) Spence mine. The company’s ongoing drill program comprises 10,000 meters across 14 diamond holes, and is aimed at defining the limits of the prospective sedimentary units at Pampa Medina.

The United States continues to demonstrate why it remains the largest and most powerful economy in the world, consistently surprising markets with its resilience in the past few data releases. While market participants have been eager to question US strength—especially under President Trump’s “US Exceptionalism” policy, which many feared could backfire—recent economic data continues to challenge that narrative. Despite ongoing concerns over diplomatic volatility and declining business confidence, the US economy once again delivered upside surprises. The Non-Farm Payrolls (NFP) report, expected at 110K, surprised with a +37K beat, and the more influential ISM Services PMI came in strong—reaffirming underlying economic momentum. As a result, the US Dollar is regaining its footing. The Dollar Index (DXY) is up approximately 0.35% on the session, and even with an early close ahead of Independence Day, USDJPY surged 1300 pips on the heels of the release. Read More: US Equities in a frenzy, bolstered by ISM and NFP beats Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Dogecoin was changing hands near $0.174 in European trading on Thursday, extending a two-day rebound that began when buyers twice defended the mid-June floor around $0.16. The 11% recovery since the Tuesday low has put the largest memecoin back on traders’ radars, but technical analyst More Crypto Online cautions that what looks like an impulsive burst is in fact “all corrective in nature,” with the market still trapped inside a complex diagonal wave pattern that could just as easily fail. Dogecoin Is Quietly Coiling For A Potential Breakout In a video update recorded on 2 June, the analyst dissected the one-hour chart and concluded that the advance from the 22 June low is best counted as a three-wave move. “Because wave 1 … was only a three-wave move, the third wave should unfold as an ABC structure,” he said, underscoring that the rally lacks the five-wave DNA of a trend reversal. Even so, as long as Dogecoin defends what he called a “micro-support area between $0.16 and $0.166,” the diagonal remains valid and a measured target at $0.196—the 138 percent Fibonacci extension of wave 1—“remains plausible.” The roadmap is conditional. First, the current A-wave has to finish; then a corrective B-wave should follow, “and in the C-wave we could then rally to round about $0.196.” A probe toward $0.182 before that pullback cannot be ruled out, but the analyst warned viewers not to assume a straight shot higher. “Please be aware that we could be dealing with very choppy and messy structures,” he said. If bulls do force a full five-wave climb from the July swing low, that sequence would mark the first leg of a larger five-wave advance—a textbook signal that the broader down-trend from Dogecoin’s March peak may finally be exhausted. Failure to hold $0.16, however, would invalidate the diagonal count and expose the June lows near $0.151, where on-chain data show a thin layer of spot bids and little derivative support. Market context is mixed. CoinGecko data show Dogecoin’s 24-hour turnover has topped $1.5 billion, roughly in line with last week’s average, while the memecoin’s correlation with Bitcoin has weakened to 0.62, its lowest reading since early May. In the short term, though, all eyes are on the $0.16 band. As More Crypto Online summed up, “The diagonal pattern basically remains plausible as long as we’re holding that $0.16 level.” Should that floor survive the inevitable B-wave turbulence, Dogecoin’s “quiet setup” might indeed detonate shortly—propelling the token toward $0.196 and potentially signalling a more durable trend change. Notably, the upper boundary of Dogecoin’s long-running descending channel in the daily chart, now situated near $0.20, lines up almost exactly with More Crypto Online’s bullish target. A decisive breakout through this confluence would not only pierce the ceiling that has capped prices since the December 8 high at $0.4843 but could also validate the analyst’s call for a trend reversal. At press time, DOGE traded at $0.174.

Barrick Mining Corporation (NYSE: B) says new drilling along the ARK-KCD corridor at its flagship Kibali mine in the Democratic Republic of Congo confirms “significant additional orebodies” that could stretch the Tier One asset’s life well beyond its current 10-year plan. Since pouring first gold in 2013, Kibali has replaced every ounce mined, and in-country investment has now topped $6.3 billion. In a call with reporters, CEO Mark Bristow added that a 16 MW solar-plus-battery plant has pushed Kibali’s renewable share to 85%, allowing the site to run entirely on green power for half the year. Underground productivity upgrades are slated to lift output from Q3 onward. Barrick shares rose 0.49 % to $21.33 in New York on Wednesday following the update. The company’s market capitalization stands at $36.7 billion. In a recent note, RBC reiterated an “outperform” rating and lifted Barrick price target to $26.00, implying a further 22% upside. Kibali plays a crucial role in the local economy of the DRC’s North East region. Over the past decade, it has helped develop a thriving regional economy, supported by partnerships with local businesses and communities. Barrick has invested almost $3 billion in Kibali, including deals with local contractors and suppliers. The gold mine is owned 45% by Barrick, 45% by AngloGold Ashanti and 10% by Société Miniére de KiloMoto (SOKIMO).

United States Antimony (NYSE-A: UAMY) says it has been reacquiring mining claims next to its existing smelting operations in Montana since earlier this year, and is now ready to reboot mine operations in areas that have permits in place. These mining claims, US Antimony said, have a history of antimony production dating back to the 1970s, and are all situated in or around its operating smelter — the only antimony smelting facility in the country. Like with rare earths, the US has listed antimony as a mineral critical to its national and economic security. The grey-colored metal is used in a variety of high-tech and defence products, including flame-retardant materials, certain semiconductors and superhard materials. No antimony has been produced by the US on a commercial scale since 2016. The Dallas, Texas-based company revealed on Thursday that, after a review of geological and historical records, the newly acquired claims have “sufficient” quantities of antimony to restart mining, with as many as three vein systems present on the property. Moreover, US Antimony said it could be feasible to establish surface mining operations with minimal pre-development expenditure in addition to the prior underground operations. The company is currently permitted to begin immediate mining operations on the five acres of the patented property, having already filed a small miners exclusion statement (SMES) with the State of Montana. It plans to file a second SMES within the next 10 days in addition to filing exploration permit applications with both Montana’s Department of Environment Quality and the US Forest Service. US Antimony’s stock gained 4% on the NYSE American exchange, with a market capitalization of $258.5 million. First US antimony mine in years Chairman and CEO Gary Evans said the decision to restart mining operations next to its smelter stems from a “significant price increase” experienced for worldwide supplies of antimony ore in the wake of China’s embargos initiated last year. China, the world’s leading producer, holds around 80% of the world’s processing capacity. The US, meanwhile, has no domestic production and is highly reliant on Chinese imports. Due to the tense relationship between the two nations, securing a US-based supply of antimony has become a key focus under the current Trump administration. Earlier this year, it fully permitted the Stibnite project held by Perpetua Resources (Nasdaq: PPTA) (TSX: PPTA) in Idaho, which is said to host one of the largest reserves outside Chinese control. US Antimony, too, aims to bolster the US supply chain, leveraging its antimony oxide smelter in Thompson Falls, which it estimates could produce 5 million lb. per year of antimony metal. The new mining claims in Montana, according to CEO Evans, would make it the first company to restart US antimony production going back decades. “Governments around the world are finally beginning to understand the need to secure their own supply chains, specifically for critical minerals. There continues to exist a worldwide shortage of this critical material necessary for our Department of Defense,” Evans stated in a press release. In addition to its presence in Montana, the company also holds over 35,000 acres of mining claims in Alaska that could provide additional feed to the Thompson Falls smelter.

Crypto analyst Crypto Inside has provided a bullish outlook for the PEPE meme coin. The analyst predicted that it could witness a 150% surge as it looks to grab the liquidity above its current range. PEPE Eyes Rally To $0.000025 In Bid To Grab Liquidity Above In a TradingView post, Crypto Inside shared an accompanying chart in which he predicted that PEPE could jump to as high as $0.000025 following its reclaim of the $0.000010 support zone. He explained that this price surge could occur because there is currently more liquidity above than below. The chart showed that there is a total sell liquidity of 10,678.659 trillion around this $0.00025 range. Meanwhile, the total buy liquidity for PEPE below its current crucial support zone is 6,827.768 trillion. It is worth mentioning that a rally to $0.000025 will bring the meme coin close to its current all-time high (ATH) of $0.00002825. Crypto Inside touched on the meme coin’s liquidity depth. The analyst stated that the price moves from one liquidity to another and that this is the meme coin’s fuel. He remarked that there is significantly more of this fuel accumulated at the top, alluding to the sell liquidity. The analyst added that PEPE has always been a highly speculative asset, and during prolonged one-sided movements, extremely high funding is formed in it. This, he noted, provokes sharp jumps in price. Crypto Inside also commented on the current PEPE price action. He noted that the meme coin has now reached the largest zone of interest at $00.0000817 and is trying to consolidate there. He remarked that this is a powerful level around which consolidation can be expected before further growth. However, he warned that if the PEPE price falls below it without the possibility of returning, it will be an extremely bearish signal. The Meme Coin’s Narrative Is Still Strong As part of his analysis, Crypto Inside suggested that PEPE’s narrative is still strong, which is why the meme coin still has a chance to reach new highs. He explained that the narrative itself is still important in meme coins and that PEPE is an “eternal meme,” which will live forever. He added that it is the embodiment of meme culture in the world. The analyst assured market participants that there is no need to fear PEPE’s oblivion. He declared that it will definitely not die as a narrative and that there is nothing to worry about. However, he admitted that new meme coins like Fartcoin have stretched liquidity across the market, and many have left PEPE for “new shiny things.” At the time of writing, the PEPE price is trading at around $0.00001056, over 11% in the last 24 hours, according to data from CoinMarketCap.

Consecutive positive data points in US economic releases have once again boosted sentiment, notably taking Equity and Cryptocurrency markets to a renewed frenzy. ISM Services PMI came at 50.8 vs 50.5 expected, in the latest round of positive surprises in US Data which should once again deter markets from the weaker United States theme due to volatile Trump Administration policies. US Equity markets will see an early 1PM Close as Americans prepare their Independence Day 4th of July Holiday. All US Indices are making new highs, with the Dow close to 100 points from its ATH while the S&P 500 and Nasdaq are still in All-Time High Price discovery. The latest geopolitical news is revived chances of a ceasefire between Israel and Hamas as both parties seem to finally find common ground. While markets are busy continuing their path upward, let's discover where participants could find zones of interest for trading for the upcoming week. Keep an eye on Cryptocurrencies during the long weekend to spot if positive sentiment is pursued throughout the 4 and a half day break for US Traders Read More: After the NFP surprise, is the US dollar back in play? Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

Gold prices fell on Thursday after strong US jobs data took the pressure off the Federal Reserve to lower interest rates at the end of this month, denting the metal’s appeal. Spot gold dropped 0.9% to $3,326.35 per ounce by 10:45 a.m. ET, erasing most of its gains from the past two sessions. US gold futures also slid 0.7% to $3,336.90 per ounce in New York. Click on chart for Live Prices The precious metal had declined as much as 1.4% earlier in the session, after trading mostly within a narrow range. The selloff in gold comes after the latest US payroll numbers came in above analyst expectations, and the unemployment rate was lower than forecast. The dollar, Treasury yields and US stock index futures all rose following the data release, weighing on gold. Rate cut on hold “The better-than-expected jobs number means we see a lesser likelihood of a Fed rate cut earlier than currently anticipated,” said David Meger, director of metals trading at High Ridge Futures. “The key is the fact that the idea or possibility of a July rate cut is off the table.” A Fed rate cut tends to bode well for gold, as the metal yields no interest and thus would become a more appealing asset under a low-interest environment. “The big question was the unemployment rate,” Gregory Faranello, head of US rates trading and strategy for AmeriVet Securities, told Bloomberg. “The door for July is over and the Fed will take the summer off. The needle for the Fed to move was employment, and that gives Fed Chair Powell the room for a ‘wait and see approach’.” According to Reuters, the market is now pricing in 53 basis points of Federal Reserve rate cuts by the end of the year, starting in October, down from around 66 basis points expected prior to the jobs report. Long-term strength Despite the pullback, bullion remains one of the best-performing assets this year, rising by more than a quarter and trading at about $170 short of a record set in April. The metal has been bolstered by demand for havens as investors grapple with heightened geopolitical and trade tensions. On the trade front, an agreement between the US and Vietnam was announced on Wednesday ahead of a July 9 deadline, when the tariffs imposed by President Donald Trump are set to take effect. Meanwhile, Republicans in the US House of Representatives advanced Trump’s massive tax-cut and spending bill, estimated to potentially add $3.4 trillion to the nation’s debt, toward a final yes-or-no vote. “As the indebtedness of the US continues to grow, investors might become more concerned about the US dollar, which should benefit gold in the longer term,” said Carsten Menke, an analyst at Julius Baer. (With files from Bloomberg and Reuters)

Ero Copper (TSX, NYSE: ERO) said its Tucumã copper operation in Brazil achieved commercial production this week – though at least one analyst was left wondering if the company would be able to hit full-year output targets. Tucumã produced about 6,400 tonnes of copper in the second quarter, including about 2,000 tonnes during the second half of June, Vancouver-based Ero said Thursday in a statement. Plant throughput volumes should keep increasing by year-end, supporting sequential growth in copper production during the second half, according to the company. Located in Pará State, in the northern part of the country, Tucumã is projected to produce 37,500 to 42,500 lb. of copper in 2025 – half of Ero’s full-year guidance of 75,000-85,000 pounds. The plant, which achieved first production on schedule in the third quarter of 2024, accounts for about one-third of Ero’s net asset value, according to National Bank Financial mining analyst Shane Nagle. Given Ero’s first-half copper output of only 11,467 tonnes, achieving 2025 guidance “appears at risk,” Scotia Capital mining analyst Orest Wowkodaw said Thursday in a note. “While the achievement of commercial production represents meaningful ramp-up progress, the relatively weak second-quarter performance and the negative implications to 2025 guidance is a disappointing development,” he added. “We await the step function improvement in copper production during the third quarter.” Shares drop Ero shares fell 3.3% to C$22.93 Thursday morning in Toronto, giving the company a market value of about C$2.4 billion. The stock has ranged between C$13.17 and C$31.73 in the past year. Following the completion of commissioning of a third filter press and modifications to the process plant, throughput levels at Tucumã exceeded 75% of design capacity last month, Ero said Thursday. Metallurgical recovery rates and copper concentrate grades have continued to meet or exceed design targets, the company added. Recent maintenance work at Tucumã has helped the company address bottlenecks that were identified in late 2024, Ero said in an investor presentation last month. Higher mill throughput volumes should offset a gradual decline in processed copper grades. The Tucumã mill is designed to treat 4 million tonnes of ore annually. Tucumã has proven reserves of about 30.7 million tonnes grading 0.89% copper for contained metal of 273,200 tonnes. Probable reserves, meanwhile, are estimated to be about 12.4 million tonnes grading 0.67% copper for contained metal of 83,400 tonnes. Cash costs at the facility are expected to range from $1.05 to $1.25 per lb. of copper produced this year, according to Ero. “Given the commercial production at Tucumã achieved by mid-year, we see a significant free cash flow inflection occurring in the second half,” Nagle said. Free cash flow in the second half could top $50 million, which would allow Ero to shift its focus towards deleveraging the balance sheet and supporting capital returns to shareholders, he added.

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According to recent data, public companies have raced ahead of Bitcoin spot ETF issuers by snapping up more than twice as much BTC in the first half of 2025. Public firms added 245,510 BTC to their balance sheets from January through June, a 375% jump over the 51,653 BTC they bought in the same stretch last year. At the same time, spot ETF issuers purchased 118,424 BTC, leaving them well behind their corporate counterparts. Public Firm Purchases Smash ETF Buys According to data from Bitcoin Treasuries, the 245,510 BTC bought by public companies during H1 2025 is more than four times the 118,424 BTC ETF issuers gathered. That ETF component is 56% lower than the 267,878 BTC they purchased in H1 2024, despite the funds experiencing more robust inflows than they experienced towards the end of 2024. The difference indicates increasingly companies are holding Bitcoin directly instead of relying on exchange‑traded products. More Companies Join Bitcoin Rush Data shows 254 entities now hold Bitcoin, and 141 of those are public companies. That marks big growth from the start of the year, when only 67 firms had BTC, and the end of March, when the number hit 79. Those counts translate to a 140% rise in six months and a nearly 80% gain in three months, underlining how many new players have jumped in. Strategy’s Share Of Acquisition Dips Strategy (formerly MicroStrategy) still leads corporate buyers, but its slice of the total has shrunk. In H1 2024, Strategy’s purchase of 37,190 BTC made up 72% of all corporate buys. In the first half of 2025, the Michael Saylor‑led company purchased 135,600 BTC but now accounts for 55% of the total—down from its previous dominance. Firms such as Metaplanet, GameStop and ProCap have stepped into the spotlight, each adding large sums to their Bitcoin holdings. Supply Shock Could Be Coming According to industry commentary, the increase in corporate purchasing in addition to continuing ETF demand could take a bite out of available supply. When the next halving event reduces new Bitcoin issuance, less will flow into the market. Analysts caution that increasing institutional interest and declining supply might produce a significant price response. As public firms climb aboard and ETFs keep on buying—though at a reduced rate—the battle for Bitcoin is escalating. Although Strategy’s investments have increased in absolute value, the arrival of new buyers indicates the market is expanding. If that trend continues and reward for miners decreases following the halving, the battle for Bitcoin’s scarce supply could get fiercer. Investors and analysts alike will be paying close attention to how these forces influence the price of Bitcoin in the second half of 2025. Featured image from StormGain, chart from TradingView

This morning's Non-Farm Payrolls data was more than welcomed for Dollar-Bulls A 37K Beat on expectations (147K vs 110K exp), accompanied with a lower Unemployment Rate (4.1% vs 4.3% prior) and lower Growth Average Hourly Earnings (=less price pressures) gives path to way lesser chances of stagflation for the US Economy, at least for now. US Indices have had a fairly muted reaction as Equity markets are still preparing for the open and the release of ISM Services Data at 10:00 expected at 50.5. However, the US Dollar is the one standout winner and confirms further the idea that 96.50 could be a swing low for the Greenback. Let's take a look at Intra-Day Charts for the Dollar Index and other majors. Read More: Breaking News: DJIA rallies on NFP beat of 37,000, unemployment falls to 4.1% close GBPUSD 1H Chart, July 3, 2025 – Source: TradingView GBPUSD 1H Chart, July 3, 2025 – Source: TradingView Cable is looking like bears might take the upper hand in the period coming with the formation of a downwards trendline. Prices are currently testing the 1.36 major pivot zone – breaking the 1.3563 swing lows points to a swift test of the 1.35 psychological zone. EURUSD 1H Same idea as for Cable, however looking less bearish. Reactions to the 1.1765 pivot will be important, with bulls having to push above to maintain the Mid-May upwards trendline to retest the current 1.1830 highs. On the other hand, a break of that trendline will point to a retest of the 1H MA 200 at 1.17, with further support at the 1.16 Resistance turned Support a point below. Safe Trades! Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

📉 Payroll de Junho Ilude com 147 Mil Empregos, Mas Revela Fragilidade Estrutural no Mercado de Trabalho dos EUA Criação de vagas se concentra em setores de baixa produtividade enquanto indicadores ocultos revelam deterioração da força de trabalho Análise Premium Por Igor Pereira – Analista de Mercado, Membro Junior Wall Street NYSE ExpertFX School – Inteligência Macroeconômica e Análise Profunda dos Mercados 📊 Dados Oficiais – Junho/2025 (Bureau of Labor Statistics) Indicador Resultado Expectativa Anterior (Maio) Empregos Criados (NFP) +147.000 +110.000 +139.000 Desemprego (Taxa U-3) 4,1% 4,3% 4,2% Salário médio por hora (MoM) +0,2% +0,3% +0,4% Salário médio (YoY) 3,7% 3,9% 3,9% Participação da Força de Trabalho 62,3% — 62,4% Desemprego de Longo Prazo 23,3% dos desempregados — 21,1% 🔍 Setores Geradores de Emprego: Serviço, Sim. Produtividade, Não. Apesar do número agregado indicar expansão, o núcleo da criação de vagas se concentrou em setores de baixa produtividade e salários modestos, como: Setor público (governo) Saúde e assistência social Lazer e hospitalidade (bares, restaurantes, turismo) Por outro lado, setores essenciais para a produtividade e crescimento sustentado apresentaram estagnação ou retração, como: Serviços empresariais e profissionais (consultorias, suporte técnico, engenharia) Indústria manufatureira Tecnologia da informação 👉 Isso aponta para uma mudança de composição, e não para um fortalecimento real da economia. A geração de empregos está migrando para áreas com menor contribuição ao PIB per capita e à eficiência econômica. 🧱 Desemprego de Longo Prazo: Sinal de Danos Profundos Outro sinal preocupante: 23,3% dos desempregados estão há mais de 27 semanas sem recolocação, o maior patamar em mais de um ano. Essa taxa representa quase 1 em cada 4 desempregados nos EUA e revela: Dificuldades estruturais de reintegração no mercado; Cicatrizes econômicas deixadas por choques anteriores (COVID, tarifas, austeridade); Desalinhamento entre as habilidades da população e as vagas disponíveis. 🧨 6,5 Milhões de Norte-Americanos Querem Trabalhar, Mas Estão Fora da Força de Trabalho O dado do BLS também mostra que mais de 6,5 milhões de pessoas estão fora da força de trabalho, mas ainda desejam um emprego. Esses trabalhadores não aparecem na taxa de desemprego oficial (U-3), sendo considerados "desalentados". Este é um indicador de "slack oculto" no mercado de trabalho: pessoas sem perspectiva de recolocação, que deixaram de procurar emprego por desilusão ou falta de oportunidades reais. ⚠️ Participação da Força de Trabalho em Queda: Apenas 62,3% O percentual de americanos em idade ativa e participando do mercado caiu novamente para 62,3%, bem abaixo do nível pré-pandemia (63,4%). Esse declínio pode refletir: Desengajamento estrutural da população; Baixa qualidade das vagas ofertadas; Efeitos de longo prazo de saúde, aposentadoria precoce ou desincentivos fiscais. Esse cenário pressiona a produtividade e restringe o crescimento sustentável de médio prazo. 🏦 Impacto no Fed: Cortes de Juros Ainda no Radar para Setembro Apesar da “surpresa positiva” do número principal, os dados secundários expõem fraquezas significativas que reforçam o argumento por afrouxamento monetário: A inflação salarial perdeu força; A composição dos empregos é frágil e inflacionária em termos de produtividade; O Fed já precifica dois cortes de 25 bps até o final do ano, e agora a probabilidade de um corte em setembro supera 70%. Além disso, a ausência de inflação tarifária nos salários reforça os argumentos da ala dovish do Fed, como Waller e Bowman, para agir antes que o mercado de trabalho se deteriore ainda mais. 📌 Conclusão ExpertFX School: "O payroll parece forte, mas está doente por dentro" O relatório de empregos de junho ilustra bem o dilema macroeconômico dos EUA: números que impressionam à primeira vista, mas que escondem uma erosão estrutural do mercado de trabalho. A deterioração da força de trabalho ativa, a precarização das vagas criadas e a persistência do desemprego de longo prazo revelam um cenário de crescimento frágil com potencial de estagflação. O Federal Reserve ainda espera sinais claros de impacto inflacionário das tarifas, mas caso os próximos dados (CPI de julho, PMIs e earnings corporativos) não confirmem esse risco, o corte de juros em setembro se tornará o cenário base. 📈 Reação de Mercado Esperada Ativo Expectativa Pós-Payroll Ouro (XAU/USD) Volátil com leve queda, mas sustentado por liquidez futura Dólar (DXY) Pressão de curto prazo, possível reversão em agosto S&P 500 Tendência de alta, com rotação para small caps e setores cíclicos Bitcoin Impulso renovado com fluxos institucionais e clima de corte de juros 🔔 Continue acompanhando a ExpertFX para atualizações em tempo real, mapas institucionais de fluxo e análises detalhadas de ouro, dólar, índice e criptomoedas.

BlackRock’s spot Bitcoin ETF, trading under the ticker IBIT, have overtaken BlackRock flagship S&P 500 ETF (IVV) in annual revenue generation. Despite being a fraction of its size in terms of assets under management, IBIT’s surge is pivotal. It indicates an increase in institutional demand for regulated Bitcoin exposure. According to 2 July 2025 Bloomberg report, IBIT’s higher expense ratio of 0.25% has propelled it ahead of the iShares Cor S&P 500 ETF IVV. Notably, IVV charge a nominal 0.03% fee in terms of annual fee income. So the higher fee structure of IBIT, combined with the surging interest in Bitcoin as an asset class, has given BlackRock a powerful new revenue engine. “IBIT overtaking IVV in annual fee revenue is reflective of both the surging investor demand for Bitcoin and the significant fee compression in core equity exposure,” NovaDius Wealth Management president Nate Geraci told Bloomberg on 2 July 2025. Importantly, IBIT is projected to generate over $187 million in annual fees. Explore: Bitcoin ETFs See Interrupted Inflow Streak Amid Bearish BTC Price Key Takeaways IBIT was launched at the beginning of last year, alongside a wave of spot Bitcoin ETFs. They sought to provide investors with direct exposure to Bitcoin’s spot price within a regulated framework. Since its debut, IBIT has quickly established itself as the market leader among spot BTC ETFs. Recently, it reached a new all-time high in AUM and solidifying its place as the most successful ETF tracking Bitcoin’s spot price. The post BlackRock’s spot Bitcoin ETF IBIT Surpasses S&P 500 ETF Annual Revenue appeared first on 99Bitcoins.

🇺🇸 Payroll de Junho Surpreende com 147 Mil Empregos Criados e Desemprego em Queda "Resiliência do mercado de trabalho desafia o Fed, mas reforça cenário de corte em setembro" Por Igor Pereira – Analista de Mercado, Membro Junior Wall Street NYSE ExpertFX School – Análise Institucional e Macroeconômica 📌 Resumo dos Dados Oficiais – Junho/2025 Indicador Resultado Expectativa Anterior (Maio) Criação de Empregos (NFP) +147.000 +110.000 +139.000 Taxa de Desemprego 4,1% 4,3% 4,2% Salário médio por hora (MoM) +0,2% +0,3% +0,4% Salário médio (YoY) 3,7% 3,9% 3,9% 🧠 Análise Institucional ExpertFX O mercado de trabalho norte-americano surpreendeu positivamente em junho, com a criação de 147 mil vagas, bem acima dos 110 mil esperados. Este dado reforça a resiliência da economia dos EUA, mesmo sob a pressão das tarifas impostas pelo governo Trump e o cenário de desaceleração global. Além disso, a taxa de desemprego caiu para 4,1%, contrariando expectativas de alta para 4,3%, e se distanciando do patamar de 4,5% projetado pelo próprio Federal Reserve (Fed) como referência para 2025. No entanto, os salários mostraram fraqueza, com avanço de apenas +0,2% no mês e 3,7% na base anual, o que reforça a percepção de inflação salarial moderada – um ponto crucial para a política monetária atual. 🔎 Implicações para o Federal Reserve Apesar do bom número de empregos, o cenário continua compatível com cortes de juros a partir de setembro, especialmente pelo fato de: A inflação salarial estar arrefecendo; A atividade industrial e o setor de serviços estarem contraindo; O próprio Fed já precificar dois cortes em 2025, com 66 bps de afrouxamento embutidos nos futuros de Fed Funds. Com isso, mesmo diante da pressão da Casa Branca e declarações do secretário do Tesouro, Scott Bessent, pedindo cortes já em julho, a postura mais provável é uma ação apenas em setembro, como Powell tem sinalizado. 📈 Reação do Mercado (Intraday 03/07) 🟢 S&P 500: alta moderada de +0,4% após o dado, liderada por setores cíclicos. 🟡 Treasuries (10Y): yields em leve alta, refletindo menor urgência por cortes em julho. 🔵 Dólar (DXY): valorização pontual, com destaque contra moedas emergentes. 🟡 Ouro (XAU/USD): queda leve, ainda sustentado por expectativa de afrouxamento monetário no trimestre. 🟢 Bitcoin: mantém trajetória de alta impulsionado por ETF inflows e ambiente pró-liquidez. 📌 Conclusão: Mercado de Trabalho Forte, Mas Corte em Setembro Ainda no Radar O Payroll de junho reduz os temores de uma recessão iminente, mas não elimina a necessidade de afrouxamento monetário. O foco agora se volta para: CPI de julho (15/07) – onde se espera a primeira leitura do impacto inflacionário das tarifas; PMIs e Jobless Claims nas próximas semanas; Decisão do FOMC em 31 de julho – onde um corte ainda tem apenas 24% de chance, segundo futuros. 🔔 Continue acompanhando a ExpertFX School para atualizações em tempo real e análises técnicas/fundamentalistas institucionais para ouro (XAU/USD), dólar e criptomoedas.

Arthur Hayes has published a new essay, “Quid Pro Stablecoin,” arguing that the United States’ sudden political enthusiasm for bank-issued stablecoins is less about “financial freedom” and more about arming the Treasury with a multi-trillion-dollar “liquidity bazooka.” The former BitMEX chief—writing in his personal newsletter—contends that investors who postpone buying Bitcoin until the Federal Reserve resumes quantitative easing will serve as “exit liquidity” for those who bought earlier. How The Money Printer Is Already Warming Up At the core of Hayes’ thesis is the claim that eight “too-big-to-fail” banks hold roughly $6.8 trillion in demand and time deposits that can be transformed into on-chain dollars. Once customers migrate from legacy accounts to bank stablecoins—he cites JPMorgan’s forthcoming “JPMD” token as the template—those deposits become collateral that can be recycled into Treasury bills. “Adoption of stablecoins by TBTF banks creates up to $6.8 trillion of T-bill buying power,” he writes, adding that the product simultaneously slashes compliance overhead because “an AI agent trained on the corpus of relevant compliance regulations can perfectly ensure that certain transactions are never approved.” Hayes layers a second mechanism on top of the stablecoin flow. If Congress strips the Federal Reserve of its ability to pay interest on reserve balances—a proposal floated by Senator Ted Cruz—banks would have to replace that lost income by buying short-dated Treasuries. He estimates the policy could “liberate another $3.3 trillion of inert reserves,” bringing the prospective fire-power for government debt purchases to $10.1 trillion. “This $10.1 trillion liquidity injection will act upon risky assets in the same way Bad Gurl Yellen’s $2.5 trillion injection did… PUMP UP THE JAM!” Hayes asserts. The essay frames the bipartisan GENIUS Act as the legislative linchpin. By barring non-banks from issuing interest-bearing stablecoins, Washington “hands the stablecoin market to banks,” ensuring that fintech issuers such as Circle cannot compete at scale and that deposit flight is funneled into the institutions most likely to bankroll the Treasury. Hayes calculates that the cost savings and enhanced net-interest margins could increase the combined market capitalisation of the big banks by more than 180 percent, a trade he describes as “non-consensus” but executable “in SIZE.” Buy Bitcoin Before The Fed Blinks Despite his long-term enthusiasm, Hayes cautions that a temporary liquidity drain looms once Congress passes what he labels Trump’s “Big Beautiful Bill.” Refilling the Treasury General Account to its $850 billion target could contract dollar liquidity by nearly half a trillion dollars, an impulse he believes may knock Bitcoin back toward the mid-$90,000s and keep prices range-bound until the Federal Reserve’s annual Jackson Hole conference in late August. “I believe that between now and the August Jackson Hole Fed speech to be given by beta cuck towel bitch boy Jerome Powell, the market will trade sideways to slightly lower. If the TGA refill proves to be dollar liquidity negative, then the downside is $90,000 to $95,000. If the refill proves to be a nothingburger, Bitcoin will chop in the $100,000s without a decisive break above the $112,000 all-time-high,” Hayes writes. The punchline, however, is resolutely bullish. Hayes ridicules advisers steering clients into bonds on the premise that yields will fall: “If you’re still waiting for Powell to whisper ‘QE infinity’ in your ear before you go risk-on, congrats — you’re the exit liquidity. Instead go long Bitcoin. Go long JPMorgan. Forget about Circle.” In his view, the political machinery that props up US deficits has already selected bank stablecoins as the next round of stealth quantitative easing, and Bitcoin—alongside JPMorgan stock—is positioned to absorb the spill-over. Hayes signs off with a stark imperative: “Don’t sit on the sidelines waiting for Powell to bless the bull market.” The liquidity horse, he argues, has already bolted; investors who hesitate to buy Bitcoin risk being trampled beneath it. “You will miss out on Bitcoin pumping 10x to $1 million,” he concludes. At press time, Bitcoin traded at $109,449.

Nonfarm Payrolls June (NFP), +147k vs. +110k expected, beat of +37,000Average Monthly Earnings June (YoY), +3.7% vs. +3.9% expected, miss of -0.2%Average Monthly Earnings June (MoM), +0.2% vs. +0.3% expected, miss of -0.1%Unemployment Rate June, 4.1% vs. 4.3% expected, beat of 0.2% Markets now look towards further US economic releases today: 09:45 EDT, S&P Global Composite PMI June10:00 EDT, ISM Services PMI June10:00 EDT, ISM Services Prices Paid June10:00 EDT, ISM Services New Orders Index June10:00 EDT, ISM Services Employment Index June10:00 EDT, Factory Orders May (MoM)11:00 EDT, Fed Raphael Bostic Speech Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © {CURRENT_YEAR} OANDA Business Information & Services Inc.

It only took one day for the US Securities and Exchange Commission (SEC) to walk back on an approval given to Grayscale Digital Large Cap Fund (GDLC) to convert to an exchange-traded fund (ETF), inadvertently halting its launch. On 1 July 2025, the SEC shared a letter stating its intention to again review the recent approval granted to GDLC to convert its fund into an ETF. The SEC’s approval of the Grayscale ETF had been welcomed as a landmark development for multi-asset crypto ETFs in the US. For the uninitiated, Grayscale brings a regulatory structure to a product that tracks Bitcoin, Ethereum, and other leading tokens by converting its multi-asset crypto fund. The regulatory body’s initial approval indicated that its authorities were confident in the product’s readiness for the market. Nonetheless, it has decided to invoke Rule 431 of the SEC’s Rules of Practice to review its earlier decision. Explore: Top Solana Meme Coins to Buy in July 2025 Key Takeaways The GDLC fund holds $755m in Bitcoin, Ethereum, Solana, XRP and Cardano Bitcoin and Ethereum make up more than 91% of the GDLC fund’s portfolio Multi-asset products, such as Grayscale’s, add additional levels of structural and legal complexity in contrast to single-asset ETFs The post Grayscale ETF Faces Indefinite Delay as SEC Reassesses Earlier Approval appeared first on 99Bitcoins.

Bitcoin climbed above $109K, triggering a surge across the markets: Ethereum ($ETH) – up 4.65% XRP ($XRP) – up 3.86% Solana ($SOL) – up 7.85% Tron ($TRX) – up 4.17% But one of the biggest daily surges came from an unexpected corner, as Dogecoin mounted an 8% rally and broke the key $0.17 mark. As meme coins rebound, could the purest meme coin of them all be poised to hit the stratosphere? Time for a closer look. What’s Driving the Rally? A wave of optimism around potential US Federal Reserve rate cuts, prompted by recent dovish statements from key officials, energized risk assets. Overall, markets are bullish and tokens are up for a number of reasons. Approvals of new crypto exchange-traded funds (ETFs) signaled increased institutional interest, especially in altcoins. Greater clarity in US crypto regulation is drawing fresh capital into the market. Growing TradFi and DeFi convergence – including banking applications for key crypto institutions – has lowered barriers to entry while increasing a sense of trust. There’s still uncertainty, especially ahead of the Labor Department’s expected employment report on July 3. But for now, positivity reigns, and traders clamor for more gains. Zach Pandl, head of research at Grayscale, noted, ‘Bitcoin is in the passenger seat… Recent crypto ETP approvals may be raising investor confidence that TradFi capital will make its way into altcoins.’ He expects new token highs later in the year, and it’s not just Bitcoin we’re talking about. Wider Market Backdrop Still Positive for Key Crypto Players US equity benchmarks like Nasdaq and the S&P 500 also ticked up, with the S&P 500 hitting an all-time high. However, geopolitical and fiscal uncertainties – such as the delayed U.S. budget, ongoing global trade tensions, and regional conflicts – remain a constant worry for investors. Spot Bitcoin ETFs saw net outflows on July 1, suggesting some caution, though that was the first day in a 15-day streak of inflows. Ripple’s application for a national bank charter with the US Office of the Comptroller of the Currency (OCC) marked another sign of growing institutional integration. And President Trump’s enthusiastic endorsement of a U.S.-Vietnam trade deal may boost broader risk-on sentiment. All told, it’s no surprise that Dogecoin made a strong push – and could be forming the base for another surge to $0.19 or beyond. A strong performance from the world’s biggest meme coin creates a favorable environment for the purest, simplest, strongest meme coin presale – Token6900 ($T6900). Token6900 ($T6900) – All Meme, All the Time First there was the SPX6900 token, a meme with no utility, just a $1.2B market cap. It’s up 4.3% in the past week, kicking butt and taking names. Now there’s Token6900 ($T6900), with even less utility but more…tokens? Yes, it has one more token than SPX6900. Talk about pettiness, right? The project is pure meme coin madness, all mood and all vibe. And it’s all potential, too – the potential to ride the growing meme market to unprecedented heights. The truth of $T6900 is that it isn’t just another meme coin – it’s the most literal meme coin possible. The truth is the meme, and the meme is truth. There’s no hiding, no fancy promises of future utility – just a meme, a presale, and slaptastic potential. True meme coin aficionados are already buying in; the presale has raised over $191K in a matter of days, with tokens priced at only $0.006425. Visit the Token6900 presale page to learn more. Memes Ready to Make Bank in Bullish Markets Crypto markets are currently buoyed by encouraging macro signals, institutional momentum, and regulatory progress. While underlying uncertainties persist, the prevailing sentiment leans toward upside – and Token6900 taps into that outlook to unleash pure meme coin momentum. Do your own research – this isn’t financial advice.

Pakistan is courting the United States with a bold pitch that includes rare earths, bitcoin mining potential and political flattery, in a bid to avoid looming tariffs of up to 29% and secure deeper ties with Washington. Hoping to attract foreign investment and burdened by a spiralling economic crisis, Pakistan is reviving long-standing claims about its untapped mineral wealth, estimated by officials to be worth between $8 trillion and an eye-popping $50 trillion. The country is highlighting its vast reserves of copper, gold, lithium and antimony, a metal used in batteries and flame retardants. “Pakistan has been quite smart about getting the administration’s attention, capitalizing on its broader global interests in crypto and critical minerals and pitching its own offerings,” Michael Kugelman, a senior fellow at the Asia Pacific Foundation of Canada, told the Financial Times. The rare earth play is just one part of Islamabad’s broader diplomatic campaign, which also includes offering backing for US President Donald Trump’s long-shot bid for the Nobel Peace Prize. At stake is Pakistan’s access to the US market, its largest export destination, just as new tariffs loom. Much of the mineral focus centres on Balochistan, a resource-rich province that covers nearly 43% of Pakistan’s territory. The region is home to Barrick Mining’s (TSX:ABX)(NYSE:B) massive Reko Diq copper-gold project. It also hosts large quantities of lithium, chromite, coal and rare earths. Chinese presence China, Pakistan’s closest ally, has already sunk nearly $60 billion into infrastructure and mining under the China-Pakistan Economic Corridor (CPEC), most of it concentrated in Balochistan. Chinese companies have led earlier phases of Reko Diq and other projects, but their operations have increasingly come under attack by Baloch separatist groups, who accuse foreign powers of plundering local resources. Pakistan’s negotiators arrived in Washington on Monday for talks with US Trade Representative Jamieson Greer. Pakistani officials say any agreement could include commitments to purchase US-origin cotton and soybeans, along with a “strategic and investment” partnership in the mining sector. The White House has not made any official comment. Islamabad had hoped an agreement could be reached as early as this week. A potential deal with the US, could reshape the balance of power in the region. Washington’s involvement might offer Pakistan a counterweight to China, but it also risks provoking Beijing, which views the CPEC as a cornerstone of its Belt and Road strategy.

Plume crypto is up 22% in the past 24 hours following the integration of USD1. The stablecoin by World Liberty Financial, a DeFi platform linked to the Trump family, now has a market cap of over $2.2 billion. The past 24 hours have been highly bullish for the crypto markets. After days of sideways movement following the surge on June 23, BTC ▲1.61% broke above $108,000 and is inching closer to all-time highs. Presently, the total crypto market cap is up 2%, rising to $3.4 trillion, with more room for growth, especially for some of the best cryptos to buy. DISCOVER: Best Meme Coin ICOs to Invest in 2025 Plume Crypto Surges 22%, Will The Rally Last? While the market expansion has lifted the valuation of some of the best cryptocurrencies to buy, PLUME (No data) is among the top gainers. According to Coingecko data, Plume trended and jumped 22% in the last day. This rally pushed weekly gains to 32% as it gradually recovered from recent losses. Plume crypto crashed to $0.07594 on June 22. However, with the July 2 surge, the token is now up nearly 50% from its June 2025 lows, outperforming Bitcoin, Ethereum, and even some top Solana meme coins. Technically, Plume crypto is in an uptrend. Following its listing on various exchanges in late January 2025, the token soared to $0.25 by mid-March before correcting. PLUMEPricePLUME24h7d30d1yAll time After the early June crash, which pushed prices below a critical support level, sellers drove prices below $0.08 before a recovery began in late June. The recent rally has the token trading above $0.09, a key liquidation level, increasing the likelihood that bulls from late January 2025 will return. If this happens, Plume crypto could climb above $0.20, in a buy trend continuation pattern. DISCOVER: Top 20 Crypto to Buy in 2025 USD1 by World Liberty Financial and the Trump Family Launches on Plume The spark for the July 2 leg up was the announcement on July 1 that USD1, the stablecoin issued by World Liberty Financial, a DeFi platform associated with the Trump family, is expanding to the Plume network. This deal is pivotal for Plume and could cement its position as the first project to support USD1 in the rapidly growing real-world asset finance (RWAfi) sector. As of July 3, USD1 has a market cap of $2.2 billion. Backed by cash and equivalents, primarily short-term government treasuries, USD1 aims to capture market share from USDT and USDC in the coming years. With USD1 circulating in the Plume ecosystem, it provides institutional-grade stability while serving as the reserve asset for pUSD, Plume’s native stablecoin. Following this announcement, the Plume ecosystem saw tangible benefits beyond rising prices. Its total value locked (TVL) rose to over $115 million, pointing to higher liquidity and asset utilization. (Source) Interest is now high as Plume users can engage in yield-bearing RWA products, including bonds and art, through derivatives, borrowing, lending, and yield farming. Beyond this deal, the foundation is solid for Plume. Last month, the Plume genesis mainnet launched, and over 200 dapps are now building on the Ethereum-compatible platform, powering RWAfi, DeFi, and social dapps. DISCOVER: Next 1000x Crypto – 11 Coins That Could 1000x in 2025 Plume Crypto Jumps 22% After World Liberty Financial USD1 Integration Plume crypto spikes 22%, outperforming Bitcoin and Ethereum RWAfi project trending, TVL rises above $115 million USD1 stablecoin launching on Plume Plume mainnet launched in early June The post Plume Crypto Surges After Trump’s USD1 Integration: Will the Rally Last? appeared first on 99Bitcoins.

Crypto analyst Capo of Crypto, who is currently one of the most recognizeable names in crypto spaces on social media, has sounded a warning for the market. The analyst has completely dismissed the current trajectory of the Bitcoin price and, by extension, the altcoin market, calling for only a short-lived rally. His analysis points to a Bitcoin price crash, but the most impact is expected to be felt by the altcoin market as they tumble further. Bitcoin Price Is Headed Below $100,000 In the post on the social media platform X (formerly Twitter), Capo of Crypto shares a rather bearish thesis that suggests that the current strength in Bitcoin won’t last. He points out that the Bitcoin price hasn’t bottomed yet and that the capitulation event is yet to happen. A capitulation event is a time in the market when prices are falling, triggering panic among investors. This panic leads to further selling as investors become scared that prices will keep crashing, and this leads to deeper losses in the market. An example of a capitulation event is the FTX market crash, when the Bitcoin price fell by more than 60% in a matter of months. The crypto analyst predicts that the Bitcoin price will actually fall further, first below $100,000. Once this psychological level is broken, he sees the price heading for the $92,000 to $93,000 territory. However, he doesn’t expect the crash to end there as capitulation events often lead to deeper losses. He explains that if Bitcoin does fall below the $92,000-$93,000 support, then the market should expect to see prices as low as $60,000-$70,000. Altcoins To Get Decimated With the Bitcoin price expected to crash so hard, the effect on the altcoin market will be even more profound. Over the last few months, 10% dips in the Bitcoin price have translated to around 20-30% dips in altcoin prices. Therefore, a nearly 50% crash in the Bitcoin price would be disastrous for altcoins. Capo of Crypto actually expects altcoins to crash harder, predicting that they will fall another 50-80% if his idea of the market does play out. This could put the altcoin market on a path to new lows not seen in the last five years, and could be the worst bear market in recent history. This is not the first time that Capo has warned the community of an impending crash. Back in May, when the Bitcoin price was hitting new all-time highs, the analyst had warned that the market could reverse its gains. On May 15, he posted a picture of a Black Swan, suggesting that prices could crash. Since then, most altcoins have reversed their gains, with only Bitcoin managing to maintain most of its gains from that time period.

Overview: The US dollar is firm. The only G10 currency that is stronger today is sterling, which is recovering from yesterday's sharp losses and the UK's drama eased following Prime Minister Starmer's support for Chancellor Reeves. Of note most of the final June PMI readings were revised higher from the initial estimates. The US struck a trade agreement with Vietnam, the third deal reached, and the clear intent is to deter it from re-exporting Chinese goods. Meanwhile, the US also lifted export requirement for chip design software sales to China, which would seem to imply that the administration is satisfied with the resumption of rare earth and magnet shipment to the US. Most emerging market currencies are firmer today, led again by the Taiwanese dollar (~0.65%). On the other hand, the South Korean won is the weakest (~-.45%). South Korea's Kospi, on the other hand, rose 1.3% today to lead the Asia Pacific bourses higher, while Taiwan gained slightly less than half as much. Hong Kong shares fell the most (~0.65%) in the region. Europe's Stoxx 600 is up about 0.25% to extend yesterday's gain but is still nursing a small loss for the week. US index futures are virtually flat. UK Gilts lead the European bond market recovery today. The 10-year Gilt yield is off around 8 bp to 4.52%, while the other regional bond yields are off around three basis points. The 10-year US Treasury yield is almost two basis points softer at 4.26% ahead of the US employment report. Gold edged up to almost $3366 before meeting sellers that knocked it back to $3343 before support was found. August WTI is consolidating yesterday's 3% rally. It reached nearly $67.60 yesterday and is almost a buck lower now. USD: Even after the disappointing ADP private sector jobs estimate (-33k vs. median forecast in Bloomberg's survey of a gain of 98k), the Dollar Index made a new session high yesterday near 97.15. Only after European markets close, it sulked back to almost 96.75. Ahead of the US employment report, it is trading in an exceptionally narrow range (~96.70-96.90). The Fed's forward guidance is that it is taking policy decisions meeting by meeting. Although two Fed governors seemed to be open to cutting later this month, most other officials and the markets appear skeptical. From Tuesday's low to Wednesday's high, DXY bounced about 0.80% and it was sufficient to bring in new sellers. Despite the ADP showing the first private sector job less since March 2023, the odds of a July rate cut barely increased. It is about a 1-in-4 chance rather than a 1-in-5 chance, according to the futures market. Ahead of tomorrow's US holiday, a slew of data will be reported today. Chief among these is the employment report. Weaker job growth is expected (~106k vs. 139k in May subject to revisions). The unemployment rate is expected to tick up to 4.3%, which would be a new cyclical high. President Trump's social media post late yesterday, saying Fed Chair Powell should resign immediately, after he may have been briefed on today's employment report, was seen as a possible confirmation of soft report today. It will overshadow the May trade deficit, which is expected to have widened, and the weekly initial jobless claims that will be reported at the same time as the nonfarm payroll report. Shortly afterwards, the final services and composite PMI, the services ISM, and factory orders will be reported. EURO: The euro recorded session lows yesterday slightly below $1.1750 in early North American trading before the ADP report. It was choppy for the rest of the North American morning and after European markets closed worked its way back to $1.1800 were it stalled. It settled fractionally lower on the day to post its first losing session since June 17. It is trading in around a 10-tick range so far today on both sides of $1.1800. The eurozone saw its final reading of the June services and composite PMI. The flash reading was 50.0 for the services PMI after slipping below the boom/bust level in May for the first time since last November. The composite PMI has held above 50 this year. 50.2 in June. It was revised to 50.6 from the flash reading of 50.2, with the help of the stronger services reading (50.5 vs. 50.0) and better French and Spanish readings. The composite PMI averaged 50.4 in Q1 and Q2 (49.3 in Q4 24). Tomorrow, the eurozone reports May PPI. Producer prices are expected to hall fallen for the third consecutive month. Eurozone producer prices declined on a year-over-year basis starting in May 2023 through late last year. The 0.3% anticipated June reading would be the lowest this year. Despite the mild price pressures and what appears to be slowing growth, the swaps market has around a 5% chance of a hike later this month, and about a 50% chance at the next meeting (September 11), but what some expect to be the last cut in the cycle is fully discounted at the last meeting of the year (December 18). CNY: The dollar edged higher against the offshore yuan for the second consecutive session. However, the gains were not impressive, and the downtrend appears to remain intact. It settled below the five-day average and has not closed above it this week. It is found near CNH7.1625 today. It is trading quietly in the range seen in the past two sessions. The PBOC set the dollar's reference rate at CNY7.1523, a new low (CNY7.1546 yesterday and CNY7.1620 last Thursday). The Caixin services and composite PMI were mixed. The services came in softer (50.6 vs. 51.1), a nine-month low, but the composite was firmer at 51.3 (from 49.6). It does not change the underlying views that the economy continues to struggle to sustain forward momentum. The PBOC appears to have pulled away from earlier pledges to cut interest rates and reserve requirements. Beijing's new initiative seems to be to try to curb the aggressive price competition that flows from excess capacity and competition for market share rather than short-run profitability. JPY: The dollar peaked yesterday near JPY144.25 before North America entered the fray. Alongside the pullback in US rates after the ADP report, the greenback fell to JPY143.50. It remains mostly in that range today (~JPY143.45-JPY143.95). The 10-year Treasury yield slipped 3-4 bp to 4.26% after the ADP data but recovered and set new session highs in early NY afternoon turnover a little above 4.30% but it did little to help the dollar. It is near 4.26% now. The final composite PMI stood at 51.5 in June, the highest since February and the second highest since last September, up from 51.4 preliminary estimate. The 51.0 Q2 average (50.7 average in Q1) was the best since Q3 24. Still, Japan's economy is stuck in a low gear. It contracted at an annualized pace of 0.2% in Q1 25 and the median forecast in Bloomberg's survey for Q2 is 0.3% annualized growth. Like Q1, it is little different from stagnation. Economists in Bloomberg's survey see growth picking up in Q4. The US tariffs, especially on Japanese autos, a sector that accounts for around 10% of GDP, is a serious threat. Separately, the largest union federation, Rengo, reported that annual wage negotiations produced an average wage gain of 5.25% for ~7 mln workers (~10% of the Japan's work force, at over 5100 companies. It is the largest increase in 34 years. GBP: No. The fact that sterling sold off at the same time that Gilt yields rose does not make the UK an emerging market. The 10-year Gilt yield rose almost 16 bp as the market prepared for more supply, even if the BOE stops or slows its sales. The yield is off almost 9 basis points today and sterling is firmer. Late yesterday, after the tears, Prime Minister Starmer gave a full throated endorsement of Chancellor Reeves. This was the first meaningful crisis for the year-old Labour government and intrigue at 10 Downing Street over the Reeves' tenure as Chancellor took an outsized toll on sterling. The pullback was sufficient to retrace more than half of sterling's gains from the June 23 low (~$1.3370) and briefly traded slightly below the 20-day moving average (~$1.3580). It recovered back to $1.3645 before stalling yesterday. The recovery was extended to about $1.3675 today. The final June services and composite reports were revised higher from the preliminary estimates. The services PMI is at 52.3, up from the initial estimate of 51.3 (50.9 in May). The composite improved to 52.0 from the 50.7 flash estimate and 50.3 in May. Still, the average in Q2 was 50.3 compared with 50.9 in Q1 25 and Q4 24. It is the lowest quarterly average since Q3 23. The UK economy appears to have gone from the top performer in the G7 in Q1 to one of the slowest in Q2, which exacerbates the fiscal challenge. CAD: The Canadian dollar was the strongest G10 currency yesterday, gaining about 0.40% against the greenback. The Canadian dollar's gains seemed to reflect a little catch-up in a firmer greenback environment. While several other major currencies made new highs for the year this week, the Canadian dollar was not one of them. The US dollar's low for the year was recorded on June 16 near CAD1.3540. Yesterday's low matched Tuesday's low near CAD1.3590. It edged down to about CAD1.3580 today. The June manufacturing PMI fell to 45.6 from 46.1 in May, which was the first gain of the year (45.3 in April, the cyclical low. The US tariffs, real and anticipated, are taking a toll. The Bank of Canada has front-loaded its rate cuts, but the Bank of Canada turned somewhat cautious as the perceived neutral rate is approached. While the market is warming up to a rate cut soon, the next cut is not fully discounted until Q4. Canada reports May merchandise trade balance today. There has been dramatic deterioration this year. Through April, the goods deficit was about C$8.3 bln. In the first four months of 2024, the trade deficit was almost C$3.6 bln. Canada's merchandise exports slid 10.8% in April, the largest drop since the end of 2008 and reached their lowest level since June 2023, as shipments to the US tumbled by 15.7%. Exports of light vehicles and parts fell by nearly a quarter. AUD: The Australian dollar was sold to almost $0.6540 as the greenback recovered broadly, but buyers re-emerged on the dip and lifted the Aussie to new session highs to almost $0.6590. It stalled near the upper Bollinger Band, which it has frayed in recent sessions (found ~$0.6600 today). It is trading with a softer bias today (~$0.6565-$0.6590). The final June services and composite PMI were also revised higher from the preliminary estimates. The composite was revised to 51.6 from 51.2 initially and 50.5 in May. It averaged 51.0 in Q2 and 51.1 in Q1. Separately, Australia's merchandise trade balance narrowed for the second consecutive month in May. The A$2.2 bln surplus was half of what was expected and compares with A$5.6 bln surplus in May 2024 and $A5.4 bln in April 2025. Exports fell (2.7% month-over-month), while imports jumped (3.8%). In the first five months of the year, the trade surplus averaged about A$4.1 bln compared with an average of A$5.6 bln in Jan-May 2024. The futures market lifted the chances of a rate cut next week to more than 100% from about 65% on Tuesday. Tomorrow, Australia reports May household spending. The softer than expected retail sales (0.2% vs. 0.5% median forecast in Bloomberg's survey) warn of downside risks, the median forecast for a 0.5% increase in household spending. MXN: The dollar posted an inside day against the Mexican peso yesterday. Still the greenback eked out a minor gain (<0.0.3%) and settled higher for the first time in eight sessions. It has held below MXN18.82 today and is near MXN18.77 in European turnover. Tuesday low was slightly above MXN18.66. The week's high was set on Monday slightly below MXN18.90. Yesterday, Mexico reported domestic auto sales slowed by 3.25% in June after the nearly 10.8% surge in May. It is a volatile series, but the sales in H1 25 (~118.2k monthly average) were slightly higher than in H1 24 (~117.7k monthly average). Today, Mexico reports April fixed investment and private consumption. It rose on a year-over-year basis in March (1.16%) after contracting for the previous three months. The base effect makes for a difficult comparison this year, and the median forecast is for a 3.6% year-over-year decline, which would be the largest since early 2021. The swaps market expected Banxico to pause its easing course with the overnight cash rate target at 8%. The terminal rate is seen between 7.25% and 7.50% a year from now. Disclaimer

Summit Royalty, a precious metals-focused royalty and streaming company, will go public through a reverse takeover (RTO) of Canadian junior royalty firm Eagle Royalties (CNSX: ER). The companies inked the amalgamation agreement on June 30 to create a new royalty and streaming entity with assets across North and South America and Africa. The combined portfolio will include over 40 royalty interests, with Eagle contributing critical metals, gold and industrial mineral royalties in Western Canada. Eagle’s flagship asset is a royalty on Banyan Gold’s AurMac project in Yukon, where it holds between 0.5% and 2% net smelter return (NSR) on key deposits. Summit president and director Drew Clark said Eagle’s portfolio, particularly its stake in AurMac and more than 35 other Canadian royalty interests, offers strong optionality that complements Summit’s cash-flowing assets. “We look forward to partnering with Eagle shareholders as we work to aggressively grow the business following the RTO,” Clark said. Under the deal, Eagle will acquire Summit via a three-cornered amalgamation involving a newly formed subsidiary, Eagle Subco. Summit shareholders will receive five shares of the resulting public company for each Summit share held. Following the transaction, and subject to shareholder and regulatory approvals, Eagle will be renamed Summit Royalty Corp., or a similar name proposed by Summit. The company will also change its stock exchange ticker symbol, with listing planned on either the CSE or the TSX Venture Exchange, depending on the outcome of discussions with the target exchange.