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Institutional demand for Ethereum appears strong as spot exchange-traded funds (ETFs) have recorded seventh-straight week of inflows. US Ethereum Spot ETFs Have Recently Seen Continuous Inflows In a new post on X, the analytics firm Glassnode has shared an update on how the netflow related to the US Ethereum spot ETFs is looking. Spot ETFs are investment vehicles that allow investors to gain exposure to a given cryptocurrency without having to directly own tokens of it. These ETFs trade on traditional platforms, so traders taking this route don’t have to bother with digital asset exchanges and wallets. For investors only familiar with the traditional mode, this fact can make the ETFs the preferrable mode of investment. The US Securities and Exchange Commission (SEC) approved spot ETFs for Ethereum in mid 2024, half a year after Bitcoin’s approval went through near the start of the year. Below is the chart shared by Glassnode that shows how the aggregate netflow has been like for the US ETH spot ETFs during the past few months. As is visible in the graph, the Ethereum spot ETFs saw outflows earlier in the year, but the trend has been different since the final third of April. Save for a week in May, a net amount of capital has been pouring into these investment vehicles. “As ETH rebounded from $2.2K to $2.5K, institutional appetite followed,” notes Glassnode. “Spot ETH ETFs recorded 106K ETH in net inflows last week – marking the 7th consecutive week of positive flows.” Ethereum isn’t the only cryptocurrency that has recently been enjoying ETF inflows. As the analytics firm has pointed out in another X post, the number one digital asset, Bitcoin, is also seeing demand pick up. As displayed in the above chart, Bitcoin has also been seeing a green netflow for the US spot ETFs, but due to a week of outflows in early June, the streak only stands at three weeks for the asset. During the latest week, around 15,000 BTC flowed into the ETFs. In USD terms, that’s equivalent to $1.6 billion. For comparison, inflows amounted to $258.6 million for Ethereum. Clearly, while both have seen demand, there is a clear difference of scale involved between the two. From the graph, it’s apparent that the US Bitcoin spot ETFs saw an acceleration of demand over the course of June. It only remains to be seen, though, whether the trend would keep up in this month of July. ETH Price Ethereum crossed the $2,500 level earlier, but it seems the coin has since faced a pullback as its price is back at $2,400.

Bitcoin price started a fresh decline from the $108,800 zone. BTC is now consolidating and might aim for a move above the $106,500 resistance. Bitcoin started a downside correction from the $108,800 zone. The price is trading below $107,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $106,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $105,000 zone. Bitcoin Price Dips Further Bitcoin price failed to surpass the $108,800 resistance and started a fresh decline. BTC declined below the $107,000 level. The bears even pushed the price below the $106,000 level. A low was formed at $105,116 and the price is now trading in a range below the 23.6% Fib retracement level of the downward move from the $108,792 swing high to the $105,116 low. Bitcoin is now trading below $107,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $106,000 level. There is also a bearish trend line forming with resistance at $106,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $106,500 level. A close above the $106,500 resistance might send the price further higher. In the stated case, the price could rise and test the $107,000 resistance level. It is close to the 50% Fib level of the downward move from the $108,792 swing high to the $105,116 low. Any more gains might send the price toward the $108,000 level. More Losses In BTC? If Bitcoin fails to rise above the $106,500 resistance zone, it could start another decline. Immediate support is near the $105,500 level. The first major support is near the $105,000 level. The next support is now near the $104,200 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,000, below which BTC might continue to move down. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $105,500, followed by $105,000. Major Resistance Levels – $106,500 and $107,000.

Ethereum has stayed under the radar as Bitcoin grabs headlines. But new data shows long‑term holders have quietly built up a huge stash of ETH. This might set the stage for a big move when markets heat up. According to on‑chain trackers, close to 30 million ETH is now sitting in wallets that have never spent a single coin. These so‑called accumulation addresses only take in Ethereum and don’t send any out. That’s an all‑time high for this group of holders. They’ve piled in even though Ether is trading far below its peak. Many of these investors seem to believe a rally is coming. Rising Hoards Signal Confidence The pace of ETH going into cold wallets has shot up sharply over the past few months. It’s a bigger build‑up than in past cycles. If history is any guide, that sort of move usually precedes a price surge. Long‑term holders often buy early and hold tight before a big run. This kind of confidence from big players can spark wider interest. Network Traffic Hits Peak Based on reports, daily transactions on Ethereum just topped 1,500,000. That’s the most since early 2023. A rise in on‑chain transfers often points to more users, more apps and more trading. When people send coins or use smart contracts, they fuel network fees and show real demand. High activity can pull in more traders looking to catch the next wave. Technical Barriers Remain ETH is trading near $2,460 and it hasn’t cleared two key hurdles yet. The 50‑day moving average sits just above price, as does the 200‑day line. Those are tough barriers for any asset. Momentum tools aren’t screaming “buy” yet, either. The RSI sits around 49 and the MACD has flattened out after a stretch of weak readings. On‑balance volume is low, which means big buyers are still cautious. What Comes Next For ETH? Even with strong on‑chain signs, price needs to break past $2,600 before bulls can charge ahead. If Ethereum can push through that level, the road to $3,000 would look clear. Traders will watch for volume spikes and a steady move above those moving averages. If it fails, the big holders could be stuck on the sidelines, holding bags that lose value. Featured image from Unsplash, chart from TradingView

Bitcoin remains within a relatively tight range, struggling to gain sufficient momentum to break the $110,000 mark. At the time of writing, the leading crypto by market cap trades at $106,437, down 1.1% over the past 24 hours and nearly 4.8% below its May all-time high. The current consolidation range between $105,000 and $107,000 has prompted close monitoring of market behavior, especially from whales and long-term holders (LTHs), as the market attempts to find its next direction. Bitcoin Whales Lead Market Activity as Profit Realization Surges Recent data from CryptoQuant suggests that a significant shift in realized profits on Binance may be influencing short-term price trends. CryptoQuant analyst Crazzyblockk highlighted a major event on June 16, when over $2.6 billion in profits were realized on Binance alone, the second-largest spike of its kind on the platform. This activity was followed by immediate selling pressure and market reaction, suggesting that profit-taking from large investors remains a core factor in the current price movement. According to Crazzyblockk, the June 16 event saw a total of $4.5 billion in realized profits across centralized exchanges, with Binance accounting for nearly 58% of that volume. “This milestone is more than just a data point — it’s a reminder of Binance’s unmatched influence on global crypto markets,” the analyst wrote. He emphasized Binance’s role in price discovery and how whale behavior on the platform often serves as a proxy for broader market sentiment. As institutional participants and high-net-worth investors execute large moves on Binance, their actions can foreshadow phases of trend reversals or sustained accumulation. The data also shows the importance of tracking realized profit and loss (PnL) metrics, especially on high-volume exchanges. The event reflects what Crazzyblockk described as “strategic profit-taking by sophisticated participants,” many of whom rely on Binance’s infrastructure for executing high-liquidity trades. Long-Term Holder Selling Seen as Constructive Rotation In a separate QuickTake post, CryptoQuant analyst Yonsei Dent offered a different perspective by analyzing long-term holder activity. Dent observed that although Bitcoin has been trading sideways between $100,000 and $110,000 since May, on-chain indicators such as Spent Output Age Bands (SOAB) and Binary CDD show persistent selling from long-term holders. These are entities that have held their coins for more than six months, indicating a redistribution of supply. However, Dent argues that this selling may not imply weakness. “Despite this steady LTH selling, the price hasn’t broken down. This means the market is absorbing the sell pressure—implying new demand is coming in,” he explained. According to Dent, this dynamic, a rotation from older holders to new buyers, is common during mid-to-late stages of a bull market. He also noted increased activity from coins held for one to three years, possibly reflecting profit-taking from previous cycle participants. Ultimately, Dent suggested the market may be undergoing a quiet redistribution, a phase that could lay the groundwork for future upside if buy-side demand remains strong. Featured image created with DALL-E, Chart from TradingView

The latest Crypto Market Compass from Bitwise Europe lands like a klaxon: every major gauge of risk appetite, liquidity and macro momentum is swinging in Bitcoin’s favor, and the firm argues the move could “provide a significant tailwind” for the benchmark asset. The study notes that Bitcoin already rebounded from $101,000 to about $108,000 in the past week as traders digested a potent cocktail of cooling inflation, thawing geopolitics and an increasingly dovish Federal Reserve stance. Perfect Storm Brewing For Bitcoin Bitwise’s proprietary Cryptoasset Sentiment Index has surged to its most optimistic reading since May—“now clearly signal[ing] a bullish sentiment again,” the authors write. Behind that surge lies an unprecedented torrent of capital into exchange-traded products: cumulative net inflows to global Bitcoin ETPs have reached a year-to-date record of $14.3 billion, with five consecutive sessions last week adding another $2.2 billion—or roughly 20,763 BTC—to the pile. “Cumulative net inflows … signal potential upside opportunity for the price of Bitcoin,” Bitwise says, adding that US spot ETFs are now on a 14-day winning streak that could eclipse the 16-day record set shortly after launch in early 2024. Why are investors suddenly embracing risk? Bitwise points to what it calls a “decline in macro uncertainty.” July may deliver new US trade accords with Canada, while Washington and Tehran have struck a surprisingly conciliatory tone; former President Donald Trump has even floated lifting sanctions if Iran remains peaceful. On top of that, Fed Chair Jerome Powell has tied the timing of a resumption of rate cuts to progress on tariff talks—an alignment that leaves the door open to looser policy within weeks. The report sums up the mood: “The trifecta of declining geopolitical risks, trade policy uncertainty and potential monetary policy stimulus should continue to lift market sentiment and provide a significant tailwind for Bitcoin and other crypto assets.” On-chain signals look equally primed. Whale wallets (1,000 BTC or more) withdrew 8,740 BTC from exchanges last week, exchange reserves sank to 2.898 million BTC—just 14.6 % of supply—and net selling pressure on spot venues fell from $2.2 billion to only $0.5 billion. Derivatives paint a more nuanced picture: futures open interest slid by 20,000 BTC, and bearish perpetual funding rates hint at lingering short bias, but options markets show traders quietly standing down—put-call open interest fell to 0.59 while one-month implied volatilities eased toward 38%. Bitwise interprets the combination as “short-term consolidation” in the face of an intact longer-term uptrend. Traditional markets are also thawing. Bitwise’s Cross-Asset Risk Appetite (CARA) index jumped from 0.31 to 0.49, reinforcing evidence that capital is rotating back into growth-sensitive trades. Some 70% of tracked altcoins beat Bitcoin last week, a breadth thrust historically associated with early-cycle bull phases. In its bottom-line assessment, Bitwise stops short of price targets but leaves little doubt about direction: as long as geopolitical détente, trade breakthroughs and an accommodative Fed converge with relentless ETF inflows, “a decisive return in global risk appetite” is likely to keep Bitcoin on an upward trajectory. Should US spot ETFs secure just three more sessions of net inflows this week—surpassing their 2024 record—the firm suggests the market may discover how quickly a supply-constrained asset can react when the macro wind blows at its back. At press time, BTC traded at $106,840.

Adriatic Metals (ASX:ADT, LSE:ADT) announced that it has achieved commercial production at its Vareš silver operation in Bosnia and Herzegovina. Commercial production has been declared based on maintaining plant throughput levels of 75% over 14 days, including 80% over 7 days, and reaching 2,000tpd (90%) in late June. This milestone follows the resolution of previous constraints related to tailings management, the company said. Construction of the Veovača tailings storage facility (TSF) was completed in March, with initial tailings deposition commencing in April. A dedicated access road linking the Vareš Processing Plant to the TSF was completed and has been operational over the past month. Mining activities at Rupice are progressing well, the company said, adding that with approximately 900m of underground development completed in Q2 (a quarterly record). The plant is performing consistently, and key necessary permits, equipment, and personnel are in place to maintain stable production. “We are proud to announce the achievement of commercial production at the Vareš silver operation, marking a significant milestone that demonstrates our ability to operate at production levels that support strong cash generation,” Adriatic CEO Laura Tyler said in a news release. Vares began production early last year, becoming Europe’s first new mine in over a decade.

MicroStrategy has just added another 4,980 Bitcoin to its stash, spending about $531 million at an average of $106,801 per coin. That brings the company’s total haul to 597,325 BTC. At today’s market price, those holdings are worth over $64  billion, compared with the roughly $42.4  billion MicroStrategy (now Strategy) has put in, fees included. According to the June 30 filing with the US Securities and Exchange Commission, Strategy – led by billionaire Michael Saylor – is sitting on nearly $21.6  billion in unrealized gains. Strategic Bitcoin Push Strategy bought its latest batch during the week ending June 29. The firm has already snapped up 88,062  BTC worth nearly $10  billion so far this year. Back in 2024, the company picked up 140,538  BTC at a cost of $13  billion. Company data shows a Bitcoin yield of almost 20% year‑to‑date, with 7.8% gained in the second quarter alone. That edges Strategy closer to its goal of a 25% yield by the end of 2025. Corporate Treasury Trend Strategy now controls almost 3% of all the Bitcoin ever mined out of the 21  million cap. That dominance has inspired 134 publicly traded firms to follow suit, adding Bitcoin to their corporate treasuries. Recent adopters include Twenty One, US President Donald Trump’s media firm Trump Media, and GameStop. In Japan, Metaplanet added 1,005  BTC this week to bring its total to 13,350 BTC. Over in Europe, The Blockchain Group bought 60 BTC, lifting its holdings to 1,788 BTC valued at around €161.3 million. New Trading Products Arrive Cryptocurrency exchanges are racing to meet all this demand. On June 28, Gemini rolled out a tokenized version of Strategy stock for investors in the EU. That marks the exchange’s first tokenized equity offering in that region. Shares of Strategy have climbed nearly 5% over the past month, trading around $391, according to Google Finance data. Price Resistance Looms Bitcoin itself has been holding near $108,000. It rose as much as 3% over the weekend to hit $108,798. Some traders, like MN Capital founder Michael van de Poppe, expect a brief pullback before BTC tries to breach $109,000. That level sits on the four-hour chart as a clear resistance point. Data from CoinGlass shows nearly $50 million in liquidity stacked at $109,500. If Bitcoin can clear the $110,000–$112,300 zone, it could trigger a short squeeze that pushes prices into fresh record territory. Featured image from Unsplash, chart from TradingView

XRP is starting to draw attention again as signs of a potential breakout begin to take shape. With market sentiment gradually shifting and XRP holding key support levels, analysts suggest that the stage may be set for the next impulse wave. If momentum continues to build and critical resistances are cleared, XRP could be on the verge of an explosive price rally to $8.5. Elliott Wave Points To Major XRP Price Breakout Paul Webborn, a crypto analyst on X (formerly Twitter), has released a new XRP forecast update, reinforcing his bullish stance on the third-largest cryptocurrency. In his analysis, the market expert reveals that XRP may be entering a powerful impulse phase, with projected targets potentially reaching or even surpassing $8 in the current cycle. Webborn’s analysis applies Elliott Wave Theory to track XRP’s price movements from its June 2022 low, identifying that point as the start of a new bullish cycle. The chart provides a visual roadmap of XRP’s next moves based on the impulse wave structure. The cryptocurrency is expected to experience a short-term rise to initial targets below $8, followed by a brief pullback before a final rally that could push XRP to new all-time highs. Notably, the chart shows that primary Waves A and B have already played out, and XRP is now progressing through Wave C, which is unfolding in five intermediate waves. Intermediate waves 1 through 4 appear complete, with Wave 5 still forming. Webborn notes that this final fifth wave is expected to break down into five smaller minor waves. Minor wave 3 is projected to push XRP toward the $5 and $6 range, while the full extension of Wave C could carry it to between $8 and $10. The analyst has set an invalidation level at $1.90, meaning any move below that would break the current bullish structure and possibly lead to further downward pressure on the XRP price. Webborn predicts that if the $1.90 level is broken, XRP could potentially experience a crash toward new lows around $0.287, marking more than an 87% decline from its present market price. However, the chart suggests that this low has already been reached, further reinforcing the bullish narrative that the altcoin may be on the verge of a major upward breakout. While Webborn has provided no specific timeline for his optimistic forecast, the analyst believes that the coming few months could be explosive as the market enters the next phase of the impulse. Update On Price Action Lately, the XRP price has maintained strong support above $2, showing strength despite an extended consolidation period. CoinMarketCap data shows that the cryptocurrency is currently trading at $2.22, reflecting a modest 1.35% rise over the past day. Although XRP is still priced significantly below its all-time high, data from CoinCodex shows that market sentiment remains highly bullish. The cryptocurrency’s Fear and Greed Index also currently sits at 64, firmly in the ‘Greed’ zone.

Ramaco Resources (NASDAQ: METC, METCB) released on Tuesday summary results of the preliminary economic assessment (PEA) of its Brook rare earth mine in Wyoming. The Fluor PEA states that the project is both commercially and technologically feasible, the company said, and builds on Fluor’s earlier interim preliminary techno-economic analysis. The Brook mine holds what is believed to be the nation’s largest unconventional deposit of rare earth elements and critical minerals sourced from coal and carbonaceous ore. The results of the Brook Mine PEA outline NPV8 (net present value using an 8% discount rate) of $1.197 billion and NPV10 (net present value using a 10% discount rate) of $898 million (pre-tax) and an internal rate of return (IRR) of 38% with a total initial capital cost estimate of $473 million (excluding a 22% capital expenditure contingency). The results outline that based upon the current mine plan of a 2 million ton per annum production of coal that the adjusted EBITDA from the rare earth and critical mineral operation would be $134 million by 2028. Steady state adjusted EBITDA of $143 million would be reached by 2029 on $378 million of annual revenue. At steady state, 1,242 annual short tons of oxide are projected to be produced, which include 456 tons of gallium, germanium, scandium, terbium, dysprosium, neodymium, and praseodymium. Given the size of the Brook mine deposit, this level of both mining and processed oxide production is scalable, the company said. Unlike traditional rare earth element (REE) deposits, which often involve complex, high-cost processing and the management of radioactive elements contained in the ore, the Brook mine deposit is composed of soft, friable clay and rock associated with coal and negligible radioactive elements, the company said, adding that this geological profile significantly reduces the cost and requirement for energy-intensive processing typically required in hard rock mining. As a result, the project is expected to benefit from a more efficient separation and extraction process with lower capital intensity than with hard rock deposits. A flowsheet for the Brook mine project comprises a conventional comminution circuit, a multi-stage liberation process, followed by purification, separation, and calcination to produce separated critical mineral oxides. An initial mine life of 42 years is assumed in the PEA. However, the initial mine life consumes less than 4% of the estimated total mineral inventory at the Brook Mine deposit. This highlights the large-scale long-term potential of this mine to be a major domestic producer of rare earths and critical minerals. Initial mining activities have commenced at the Brook mine to procure representative ore for the upcoming pilot scale metallurgical testing. “This report marks an important milestone in Ramaco’s transition to become both a rare earth and critical mineral, as well as metallurgical coal producer. The development of our Brook Mine deposit is important not only to Ramaco but also to our country,” said Ramaco CEO Randall Atkins said in a news release. “This analysis from Fluor, an internationally recognized independent engineering firm, validates our continued pursuit of the development of this potentially valuable and nationally strategic deposit. “When we are in production, the Brook Mine will be one of only two domestic sources of rare earth elements,” Atkins said. “It will be the only domestic source of both heavy rare earth elements and critical minerals that are vital to our nation’s defense industry. Based on just the magnet rare earth oxides projected to be produced at current levels, we believe the Brook Mine would support 3-5% of total United States permanent magnet demand or more than 30% of the demand for US defense applications estimated at 10% of total US magnet metal demand.” The full PEA from Fluor will be available on or before July 8 on the company’s website. Ramaco’s stock was traded 7,180,892 times on the NASDAQ Tuesday, closing the day down 24%. Average daily trading volume is 899,018. The company has a $506.8 market capitalization.

Solana has returned to the spotlight as speculation around a potential Solana ETF approval gains momentum. While still unconfirmed, growing signals from market insiders suggest that regulatory green lights may not be far off. If approved, a Solana ETF would mark a major milestone for the ecosystem, opening the door to traditional capital flows and broader institutional exposure, similar to what Bitcoin and Ethereum experienced following their own ETF breakthroughs. For long-term investors, this development could set the foundation for a new phase of sustainable growth. Supporting this bullish outlook is fresh data from Glassnode, which shows that the number of wallets holding over 0.1 SOL has reached a new all-time high. This milestone marks an increase in retail participation and growing confidence in Solana’s long-term potential. As the network continues to mature, the rise in small holders also signals expanding grassroots adoption—an encouraging sign during a period of market uncertainty. While short-term price action may still be driven by broader macro trends, sentiment around Solana is clearly improving. If ETF approval becomes a reality, the combination of increased accessibility and rising on-chain adoption could significantly boost Solana’s market position in the coming months. Solana Growing On-Chain Adoption Solana is currently trading below the $150 mark after experiencing a sharp retracement from its May high. The asset has lost more than 20% in value since peaking earlier this cycle, driven largely by broader market consolidation and declining risk appetite across altcoins. Despite the recent pullback, SOL continues to hold a strong support zone near the $135–$140 range, which has proven resilient during previous sell-offs. Analysts remain cautiously optimistic, noting that a sustained push above key supply zones—particularly the $155–$165 range—could reignite bullish momentum. However, the market remains in a phase of indecision. Price action across major assets, including Solana, reflects uncertainty as traders wait for a clear breakout or breakdown to confirm the next move. Without a strong catalyst, SOL may continue to consolidate alongside the broader altcoin market. Amid the sideways price action, one encouraging signal is the growing on-chain adoption. Top analyst Ali Martinez shared data from Glassnode showing that the number of wallets holding over 0.1 SOL has reached a new all-time high, now exceeding 11.44 million. This steady rise in non-zero wallets points to expanding retail participation and long-term holder confidence, even as short-term volatility persists. The divergence between price action and user adoption suggests that Solana’s fundamental growth remains intact. If momentum returns and macro conditions improve, Solana may be well-positioned for a breakout, especially with ETF rumors fueling speculative interest. For now, the $150 level remains a psychological pivot as the market watches for signs of direction. SOL Price Action Details: Key Levels To Watch Solana (SOL) is currently trading at $149.30, just below the key resistance confluence of the 50-day, 100-day, and 200-day moving averages, all clustered between $150 and $151. This area has acted as a strong technical barrier, and SOL’s repeated failure to reclaim it reflects the market’s hesitancy amid broader uncertainty. After rallying to $159.99 earlier in the session, bears stepped in and pushed the price back down, closing the candle with a bearish wick, signaling ongoing selling pressure. The chart reveals a prolonged consolidation pattern that has developed since the mid-May rejection near $180. Despite several bounce attempts, SOL has not been able to regain bullish momentum. The volume profile also suggests fading interest during upswings, a common trait during accumulation or exhaustion phases. Notably, price remains above the March low, preserving a key higher low structure, which is crucial for the broader bullish outlook. If SOL breaks above the $151–$155 range with sustained volume, it could trigger a move toward $180. However, failure to clear this resistance might lead to another test of support around $135. Traders should watch for a decisive close above the moving average cluster to confirm trend continuation, especially with ETF speculation fueling long-term optimism. Featured image from Dall-E, chart from TradingView

Log in to today’s North American session Recap for July 1, 2025 Today marked a second consecutive session of subdued volumes and muted market moves in North America, as Canadian markets were closed for Canada Day. Expect similar conditions tomorrow, but volatility is likely to return on Thursday with the release of the highly anticipated Non-Farm Payrolls report at 8:30 A.M. ET (expected at 110K). The session took a slightly upbeat turn following a surprise beat in U.S. economic data. The S&P ISM Manufacturing PMI printed at 49.0 vs. a 48.8 consensus, and a better-than-expected JOLTS report helped lift sentiment after a positive overnight session. This triggered a rebalancing across U.S. indices—flows rotated into the Dow Jones, which closed up 1.06%, while the Nasdaq lagged, ending down 0.83%. In Europe, inflation data came in broadly in line with expectations but failed to support equity markets, with most indices closing in the red ahead of the U.S. data boost. Commodities finished mostly in positive territory. Oil remains range-bound but edged higher, while Gold posted a second consecutive +1% session—lifting broader industrial and precious metals along with it. Read More: Dow leads US Indices on strong Manufacturing PMI beat 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.

Canada’s C$4.4-billion plan to cope with a poisonous legacy at a former gold mine in the Northwest Territories risks complicating local efforts to find a permanent solution. Ottawa is moving ahead with efforts to freeze a 237,000-tonne underground pile of arsenic trioxide dust for at least 100 years at the former Giant mine in Yellowknife, said Natalie Plato, a federal government official in charge of the cleanup. As permafrost thaws, officials see the method as the best way to minimize risks that the waste – a byproduct of gold mining that could fill seven 11-storey buildings and kill humanity several times over – could leak into water systems. The strategy has met with mixed reactions in the community – including objections from locals who argue that the freeze should only be temporary. The Giant Mine Oversight Board (GMOB), an independent watchdog that makes recommendations on the cleanup and oversees research aimed at solving the environmental issue once and for all, says it “remains convinced” that the arsenic trioxide dust can be extracted and treated safely and successfully. “We are proceeding with the freeze. It is the best technology and that is what we will be doing. Our project is approved for 100 years, so that’s the timeframe we are looking at,” Plato, deputy director in charge of remediation at Crown-Indigenous Relations and Northern Affairs Canada, told The Northern Miner in an interview. “The freeze is our remediation strategy.” Bankruptcy Located on a 10-sq.-km site on Yellowknife’s northern edge, Giant produced 7.6 million oz. of gold from 1948 to 2004, primarily as an underground operation, before shutting down after miner Royal Oak went bankrupt. Giant – along with the former Con mine – was one of two main gold-mining operations in the city that triggered a post-war economic boom. “Yellowknife was built because of these mines and you cannot deny that Giant contributed a lot economically and socially, but today it’s all about the environmental consequences,” Ryan Silke, a Yellowknife-born historian who works at a local museum, said in an interview. “The remediation project is huge. We want this to be done right.” Gold found in the area was lodged in arsenopyrite, a mineral that also contained arsenic. To release the metal, Giant and other mines roasted the ore at very high temperatures – a process that also ejected arsenic gas into the environment. Miners eventually began collecting the dust and storing it underground. First Nations families using snowmelt for drinking water were sickened in the 1950s and at least one child died from arsenic poisoning. Government studies of the problem didn’t begin until the 1970s. Giant’s toxic baggage is one of the elements that gives the story universal appeal, says Christian Broadhurst, a vice president at London-based production house Rare TV. His firm is in the early stages of developing a documentary on the mine. “The environmental legacy of the Giant nine is shocking,” Broadhurst said in an interview. “Wherever you go in the world, there have been communities that have relied on mining and been torn apart by mining. So even though this is a Canadian story, it’s one that a lot of mining communities globally can relate to.” Labour dispute Before becoming known for its arsenic waste, Giant made headlines of a different kind. In May 1992, as Royal Oak was cutting costs to offset declining grades, a bitter labour dispute erupted that saw management bring in replacement workers and union vandalism fester. That September, striking miner Roger Warren went underground and planted a bomb that killed nine workers. It took a year to arrest the culprit. “The bombing was a watershed event,” Silke says. “Nobody ever accepted responsibility for the events of the strike, and Yellowknifers suffered a lot of trauma with all the violence. Since Yellowknife was a small place, the common social thread was destroyed and the legacy of gold mining really started to wane after that.” These days, Canada owns the underground portion of the site while the NWT owns the surface land. The property’s eight open pits pose “potential safety risks to workers and the public and risks to the environment from future flooding,” according to a 2024 report published by the Giant Mine Remediation Project (GMRP), the body that’s leading the cleanup. Ottawa has spent two decades assessing the site, developing a remediation plan and consulting the community. Remediation officially began in 2021 with a test program to freeze the arsenic. It’s expected to run until 2038, after which the site will require maintenance and monitoring in perpetuity. Mine sealed Recent work has included stabilizing underground stopes while backfilling the chambers that contain the arsenic trioxide dust with cemented paste. The underground mine was sealed off in late 2024, and the townsite, an area that once housed workers, was demolished and decontaminated. “Sealing off the underground was a big milestone,” Plato said. “The arsenic dust chambers are located underground and we had to make sure they were secured, vaulted and contained so we could start our freeze program.” As cleanup work ramps up, costs have climbed. The planned budget for the 2024-25 fiscal year, which ended March 31, was $325.4 million, about seven times the fiscal 2019-20 spending, according to GMRP’s latest annual report. Although expenditures will probably rise again next year, Plato is adamant the overall budget isn’t at risk. “A peak year for activity is 2026, so (spending) should be levelling” afterwards, she said. “We had our budget of $4 billion and we’re still sticking to it..” While crews press ahead with plans to freeze the arsenic, researchers overseen by GMOB are testing various methods to remove the waste permanently. Time issue Marc Lange, one of GMOB’s six board members, is optimistic that the research will eventually pay off. The problem is the amount of time it will take. “It’s complex, but we think this nut is crackable,” said Lange, an ecologist who was nominated to GMOB by the Yellowknives Dene First Nation. “We think we’re making very good strides.” A permanent solution, Lange says, will need to include at least four components – stabilizing the dust, extracting it from below ground, storing it and managing residuals. After that, years of studies, environmental assessments, public consultations and permitting will be required to implement the technology. That’s why Lange estimates GMOB will need at least five years before recommending a permanent method. As for when that solution could be put in place? That might take 25 years. “And that’s a best-case scenario,” he said. “So we’re not around the corner. But the lens for this project is perpetuity. This is a forever problem, so 25 years from today is pretty good.” Arsenic to glass Dundee Sustainable Technologies CEO Jean-Philippe Mai, whose company has developed a way to turn arsenic trioxide into glass that’s being tested by researchers associated with the project, is growing frustrated. “It’s very disappointing to see the capital that’s being injected into a non-permanent solution,” Mai said in an interview. “The frozen block model is known by all not to be a permanent model. It’s difficult to make sense as to why we’re not more advanced on a project of the importance of Giant with a technology that’s as recognized as ours.” One of the issues with vitrification is the amount of material – and storage space – required. To make glass, nine teaspoons of sand are needed for every teaspoon of arsenic dust, says Lange. “When you stabilize the arsenic, it expands,” he said. “So when I’m pulling 237,000 tonnes of arsenic, I need nine times that amount in sand. Where am I storing this?” Funding, too, could become an issue. If GMOB recommended a different remediation solution than freezing, “it would be a different project and we would have to go back (to Ottawa) for approvals and funding,” Plato said. Even so, the remediation project head is eager to reassure residents that Ottawa’s plan is the best one for the times. “The 237,000 tonnes is there and it’s been there for decades,” she said. “I quite feel comfortable, happy and proud to be a Yellowknifer. Into the future, once it’s frozen, I’ll feel quite confident knowing that it’s frozen and that the water will be treated.” Some residents, like Silke, would like nothing better than to share that optimism. “Hopefully the project will be good for Yellowknifers,” he said. “The site will look completely different when they’re done. Hopefully the fish will come back and whatever hydrocarbons contamination in the soil will be removed.”

Tron (TRX) is once again in the spotlight as it tests the upper and lower boundaries of a key consolidation range that has held for months. The price has been oscillating between $0.211 and $0.295—a range that has acted as both support and resistance since the start of the year. With volatility gradually returning to the crypto market, a breakout from this zone could set the stage for a major directional move. A confirmed push above $0.295 could open the door for a rally toward uncharted territory, while a break below $0.211 might signal a deeper correction. According to new data from CryptoQuant, large transactions are currently driving volume dominance on the Tron network. While the majority of transactions on TRON are under $1,000 in size—showing that retail users are actively engaged—it is the high-value transfers that account for most of the total volume, highlighting growing institutional or whale interest in the network. As broader market conditions remain uncertain and altcoins begin to show signs of life, the coming weeks will be critical for TRX. Whether bulls or bears take control will likely depend on how the price reacts to this well-defined consolidation range. Tron Eyes Expansion Amid Growing Network Activity Tron has captured significant attention in recent weeks, driven by a combination of major announcements and strong on-chain activity. A report two weeks ago revealed that Tron is preparing to go public via a reverse merger with Nasdaq-listed SRM Entertainment. While full details have yet to be confirmed by official channels, sources familiar with the matter suggest the process is underway. If completed, this move could mark a historic moment for the blockchain space, giving Tron greater exposure to traditional investors and boosting institutional legitimacy. Despite these developments, price action remains locked in a consolidation phase. The broader market’s volatility and macro uncertainty continue to suppress directional momentum for TRX. However, network fundamentals tell a different story—Tron’s on-chain activity is booming. Top analyst Darkfost highlighted a key insight: large transactions currently drive volume dominance on the TRON network. Although more than 1 million USDT transactions on TRON are below $1,000, just 16,000 transfers above $100,000 dominate in terms of volume. This divergence shows that while retail usage is high, major players are still actively moving large amounts of capital on the network. The consistent dominance of small transfers reflects Tron’s accessibility and everyday utility among users, while the growing transaction count signals expanding adoption. Together, these factors suggest that Tron is building strong foundations, regardless of short-term price direction. The coming weeks could be pivotal, especially if the public listing advances and TRX breaks its multi-month price range. TRX Consolidates Near Resistance Amid Growing Momentum Tron is currently trading at $0.2787 after several weeks of sideways movement, as shown in the chart. The asset remains in a well-defined consolidation range between the $0.211 support zone and the $0.295 resistance. Despite several attempts, TRX has been unable to decisively break through the upper boundary, signaling market hesitation. However, the overall price structure remains constructive. The 50-day, 100-day, and 200-day simple moving averages (SMA) are all trending upward, with price currently testing the 50-day SMA as dynamic resistance. This alignment supports the argument for a longer-term bullish structure, even as short-term consolidation continues. Volume has slightly picked up in recent days, suggesting a growing interest among traders. A clear breakout above $0.295 would likely trigger a new upward phase and bring fresh highs into play. Until then, traders are watching for confirmation, as the market tests the upper boundary of the range. With strong fundamentals, increasing on-chain activity, and speculation about Tron’s public listing via reverse merger, momentum could accelerate soon. If bulls can maintain the $0.27–$0.28 level and push above $0.295, TRX could enter price discovery for the first time in months, opening the door to higher valuations. Featured image from Dall-E, chart from TradingView

Patriot Battery Metals (TSX: PMET; ASX: PMT; OTCQX: PMETF) provided an update on work streams currently underway to unlock tantalum – another important and high-value critical and strategic metal present in abundance at its Shaakichiuwaanaan property, located in the Eeyou Istchee James Bay region of Quebec. Tantalum, which is primarily hosted in the mineral tantalite at Shaakichiuwaanaan, has been commercially recovered from LCT pegmatites historically and at active mining operations today (e.g., Greenbushes, Pilgangoora, Wodgina, and Tanco). This potentially de-risks the pathway to recover tantalum at Shaakichiuwaanaan. Further bolstering this potential is the ranking of the MRE at Shaakichiuwaanaan as a top-5 tantalum pegmatite in the world in terms of both grade and tonnage, highlighting the exceptional critical metal endowment present at the project – 108.0 Mt at 1.40% Li2O and 166 ppm Ta2O5 indicated, and 33.3 Mt at 1.33% Li2O and 156 ppm Ta2O5 inferred. This equates to contained tantalum content of 23,104 tonnes (50.9 million pounds) Ta2O5. As is common in LCT pegmatites, the tantalum mineralization is zoned within the wider pegmatite body and often overlaps with lithium mineralization zonation. Very high-grade tantalum zones are present within the deposit, which may overlap with high-grade lithium zones. Drill intersections include: 9.6 m at 0.94% Li2O and 2,307 ppm Ta2O5 (CV23-271) – CV13 9.5 m at 1.12% Li2O and 1,538 ppm Ta2O5 (CV24-441) – CV5 22.7 m at 2.79% Li2O and 972 ppm Ta2O5 (CV24-661) – CV5 22.9 m at 2.58% Li2O and 621 ppm Ta2O5 (CV23-181) – CV5 Through the lithium-focused exploration and resource development drilling completed to date at the property, the company has identified other high-value critical metal potential by-products in addition to the existing large-scale lithium mineral resource at Shaakichiuwaanaan, namely caesium, tantalum, and gallium. The current phase of tantalum recovery testwork at SGS Canada’s Lakefield, ON, facility is anticipated to be completed in the coming weeks and is focused on recovery from the lithium process waste streams. This work will allow for a preliminary understanding of process design to be developed and an estimate of the overall concentrate grade and recovery that may be expected. A follow-up program is planned that will include further assessment as a potential “bolt-on” recovery circuit to the primary lithium recovery circuit, as well as targeting optimizations of the process. The company is also actively engaged with potential end-users and supply chain participants to further develop the economic opportunity in the tantalum products anticipated to be derived from the project. The lithium-only feasibility study based on the CV5 mineral resource component of the overall Shaakichiuwaanaan MRE is on-track for completion in the third quarter of 2025 and remains the near-term focus for the company. The economic potential in critical metal by-products will be assessed once the lithium-only feasibility study is completed, with various studies concurrently underway to better evaluate the opportunities present for caesium, tantalum, and gallium specifically.

Crypto analyst Rekt Capital has warned about a potential crash for the Bitcoin price, after the flagship crypto closed below a critical resistance level. The analyst also highlighted the level that BTC needs to reclaim to invalidate this bearish setup. Bitcoin Price Risks Crash With Weekly Close Below Resistance In an X post, Rekt Capital revealed that the Bitcoin price has closed below the final major weekly resistance at around $108,890. Based on this, he remarked that a possible early-stage Lower High resistance may be developing at around $107,720, with BTC at risk of crashing. The analyst added that Bitcoin will need to reclaim $108,890 as support on the daily to invalidate this Lower High. In an earlier X post, Rekt Capital highlighted how significant it would have been if the Bitcoin price had closed above this final major weekly resistance. He noted that BTC had never performed such a weekly close. As such, if that had happened last week, he claimed it would not only be “historic” but would enable BTC to enjoy a new uptrend into new all-time highs (ATHs). However, the Bitcoin price now appears to be on a downtrend, having failed to hold above the $107,720 level successfully. BTC had reached an intraday high of $107,970 but has since then been on a decline and is now at risk of losing the $106,800 macro level. Crypto analyst Kevin Capital has warned that BTC being below this level puts it in the danger zone. Meanwhile, based on historical bull market cycles, Rekt Capital has suggested that the Bitcoin price still has some more upside left. In an X post, he stated that history suggests that Bitcoin may end its bull market in two to three months. BTC Still Fuel In The Tank Despite the recent Bitcoin price drop, crypto analyst Titan of Crypto declared that the flagship crypto still has fuel in the tank. He claimed that the weekly market structure remains strong with a series of higher highs and higher lows. The analyst added that the Relative Strength Index (RSI) is pushing towards its trendline. His accompanying chart showed that the Bitcoin price could still rally to as high as $140,000 between September and November later this year based on these higher highs and lows. Crypto analyst Stockmoney Lizards also recently predicted that BTC could reach as high as $145,000 by September. He alluded to dojis that had formed for the flagship crypto in its current corrective channel and declared they were bullish for Bitcoin. At the time of writing, the Bitcoin price is trading at around $106,800, down in the last 24 hours, according to data from CoinMarketCap.

🏦 Federal Reserve Aumenta Liquidez a Wall Street com 3 Ferramentas: Desconto, Compras e Repo Por Igor Pereira – Analista de Mercado e Membro Junior Wall Street NYSE Com os sinais crescentes de estresse no sistema financeiro dos EUA, o Federal Reserve vem reforçando o suporte de liquidez aos mercados em três frentes simultâneas: 🧰 Os 3 canais de injeção de liquidez: 1. Discount Window (Janela de Desconto) Volume de uso disparou em junho: maior desde o colapso do SVB em 2023. Permite que bancos obtenham empréstimos emergenciais diretamente do Fed. É geralmente ativada em momentos de estresse sistêmico e falta de liquidez interbancária. 2. Compras Regulares de Ativos (QE Light) Embora não haja um QE formal em andamento, o Fed continua reinvestindo vencimentos de títulos . Isso sustenta a liquidez no mercado secundário de Treasuries, oferecendo estabilidade de preços. Na prática, é um suporte constante à curva de juros, especialmente na ponta longa. 3. Operações de Recompra (Overnight Repo) Houve um salto inédito de +11.000% no volume de repo overnight, atingindo US$ 11 bilhões no dia 30/06/2025, conforme dados do FRED. O repo permite que instituições usem Treasuries como garantia para receber dinheiro líquido do Fed. Este tipo de operação é indicativo de um aperto repentino de liquidez entre grandes players institucionais. 📉 Por que o Fed está agindo agora? A explosão no uso dessas ferramentas reflete o retorno do risco sistêmico no mercado. Os principais fatores que explicam esse comportamento são: 🔸 Alta nos custos das tarifas comerciais de Trump, impactando previsões de inflação 🔸 Debilidade nos dados de emprego e atividade 🔸 Expectativas crescentes de corte de juros ainda em 2025 🔸 Incertezas fiscais e desconfiança sobre a sustentabilidade da dívida americana 🔸 Aumento na demanda por liquidez de curto prazo por bancos e fundos 🪙Impacto no XAU/USD (ouro) O ouro reage fortemente a essa mudança estrutural: ✅ Aumento da liquidez => Enfraquecimento do dólar ✅ Injeções emergenciais => Maior risco sistêmico percebido ✅ Apoio ao sistema bancário => Demanda por porto seguro institucional Resultado: O XAU/USD tende a manter sua trajetória de suporte, especialmente com a sazonalidade favorável em julho e a queda da volatilidade implícita (GVZ), que barateia a exposição via opções . 💵Impacto não-dólar (DXY) A ampliação das intervenções do Fed por múltiplas frentes: ❌ Aumenta a oferta monetária ❌ Envia sinal dovish aos mercados ❌ Reduz o diferencial real de juros frente a outras moedas (ex: EUR, JPY) DXY caiu mais de 10% em 2025 até agora, sua pior performance semestral desde 1973. E com liquidez adicional, essa tendência pode se intensificar. 🧠 O que esperar? Com base no atual conjunto de ferramentas acionadas pelo Fed, é possível afirmar: Indicador Expectativa Política Monetária Cortes prováveis a partir de setembro Risco Sistêmico Elevado, com foco em liquidez bancária Ativos Reais (ouro) Fortes fluxos institucionais Dólar (DXY) Pressão negativa contínua Treasuries curtos Demanda crescente 📌 Conclusão Técnica:

After rebounding from a local bottom of around $75,000 in April, Bitcoin (BTC) appears to be stuck in the $100,000 to $110,000 range, showing little indication of a clear directional trend. One key data point reflecting this indecision is Bitcoin’s network volume. Bitcoin Network Volume Stuck In Balance Zone According to a recent CryptoQuant Quicktake post by contributor AxelAdlerJr, Bitcoin’s network volume has stabilized in a state of ‘stable equilibrium,’ reminiscent of the mid-2021 consolidation phase that preceded a major move. For the uninitiated, Bitcoin network volume refers to the total value of BTC transferred across the blockchain over a specific period, typically used to gauge market activity and capital flow. Higher network volume suggests increased investor engagement and liquidity, while lower volume may indicate reduced interest or market stagnation. Notably, when BTC reached the upper end of its current range – around $110,000 – its average network volume surged to as high as $67 billion. Since then, the metric has slightly declined and now hovers around $58.7 billion. Since January 2024, Bitcoin’s average network volume has ranged between $40 billion and $80 billion. According to the CryptoQuant analyst, this corridor has become a key indicator of network activity balance and broader market sentiment. Historically, when the Bitcoin average volume approached the upper-end of the range at $80 billion, it coincided with local price peaks of $70,000 and $100,000. On the contrary, moves toward the lower-end – around $40 billion – were associated with short-term pullbacks, though these dips were often quickly bought up by market participants. Currently, the $58.7 billion reading sits near the midpoint of this range, mirroring the consolidation phase observed in mid-2021. The analyst explained: As long as the indicator remains above the $40 billion level, we can speak of a stable fundamental market condition. Rising volumes above the $80 billion mark will confirm strengthening activity and fresh capital inflow. On the other hand, a sustained drop below $40 billion will indicate weakening network demand and may be a harbinger of a deeper correction. Is BTC Preparing For A Big Move? While Bitcoin network volume suggests the market is in a state of equilibrium, some on-chain metrics hint at a potential breakout building in the background – possibly paving the way for renewed bullish momentum. For example, the BTC short-term holder floor has been rising steadily in recent months, currently hovering around $98,000. This provides a strong support base, potentially preventing a sharp downside correction. However, selling pressure from miners and long-term holders is also beginning to increase – casting some uncertainty over BTC’s short-term price trajectory. At press time, BTC trades at $106,528, down 0.9% in the past 24 hours.

CRYPTOWZRD, in his latest update on X, highlighted Ethereum‘s indecisive close, suggesting the market is still searching for clear direction. Despite the uncertainty, he remains optimistic, noting that both Bitcoin and BTC dominance are showing strength that could benefit ETH in the near term, with $2,800 marked as the next major resistance. Mixed Signals Across Ethereum Key Timeframes In the post, CRYPTOWZRD pointed out a mixed close for Ethereum across key timeframes. While the monthly candle ended indecisively, signaling some short-term hesitation, the quarterly candle closed with strong bullish conviction. This, he suggests, sets the stage for more upward movement in the coming months as higher timeframes begin to assert dominance. He emphasized that today’s daily candles for both ETH and ETHBTC closed similarly indecisive, reflecting the current uncertainty in the market. However, with Bitcoin dominance starting to decline, he sees potential for ETHBTC to pick up strength, which could, in turn, fuel Ethereum’s next leg up. According to CRYPTOWZRD, ETHBTC is already showing signs of life, moving upward from a monthly double-bottom formation. He believes that clean, bullish candles forming from the 0.02270 BTC region would inject fresh momentum into Ethereum, helping to drive it toward the $2,800 resistance, a key level on the radar. He added that unless any negative fundamental developments occur, $2,400 remains Ethereum’s main daily support zone. As long as this holds, the broader structure remains intact, and the bullish thesis stays valid. Looking ahead, CRYPTOWZRD plans to keep his attention on the lower timeframes tomorrow. With volatility in play and setups brewing, he’ll be watching closely for quick scalp opportunities as Ethereum navigates through this critical range. Waiting On Chart Confirmation For The Next Intraday Move In his closing remarks, the analyst noted that Ethereum’s intraday chart experienced heightened volatility throughout the day. Despite the choppy price action, he sees clear setups forming that could present solid trading opportunities in the near term. A decisive breakout and close above the $2,550 resistance level would be a strong bullish signal, potentially opening the door for a long entry. On the flip side, if the price pulls back toward the $2,380 support and forms a bullish reversal pattern, that too could serve as a valid trigger for a long position. With these scenarios in mind, the analyst plans to closely monitor the intraday chart. His focus will be on spotting a clean and high-quality setup, one that aligns with price structure and momentum to time the next scalp trade effectively.

Gold prices climbed by more than 1% on Tuesday, as continued weakness in the US dollar and economic uncertainty surrounding global trade ignited demand for the safe-haven metal. Spot gold rose 1.1% to $3,340.90 per ounce by noon ET, after hitting a weekly high of $3,357.85. US gold futures shot up 1.4% to $3,353.80 per ounce in New York. Click on chart for Live Prices Meanwhile, the dollar softened as US President Donald Trump’s massive tax cut and spending bill stoked fiscal worries, which, combined with concern over trade deals, weighed on market sentiment. Rhona O’Connell, head of market analysis for EMEA & Asia at StoneX, said the rally in gold is a function of “bargain hunting, dollar weakness (and) continued uncertainty” about the July 9 tariff deadline set by Trump. Gold is likely to average $3,000/oz for the fourth quarter and possibly even lower by year-end, O’Connell added. US debt, tariff worries Earlier in the day, US Senate Republicans were struggling to pass Trump’s sweeping tax and spending bill amid concerns that the legislation would add about $3.3 trillion to the nation’s debt pile. On the trade front, Treasury Secretary Scott Bessent warned on Monday that countries could be notified of sharply higher tariffs before July 9, when Trump’s 90-day pause on ‘Liberation Day’ tariffs expires. Investors are also watching out for US ADP employment data due on Wednesday, and Thursday’s payrolls data for cues on the Federal Reserve’s interest rate policy path. Fed Chair Jerome Powell, addressing a forum in Portugal, said the US economy “was in a pretty good position,” adding that inflation was behaving as expected and hoped, excluding the tariffs. Markets are currently expecting two rate cuts totaling 50 basis points this year, starting in September, according to Reuters. A lower interest rate, coupled with the ongoing trade concerns, would bode well for gold. So far this year, the precious metal has risen by nearly 27%. (With files from Reuters)

The Dow is outperforming all major U.S. indices, fueled by a stronger-than-expected U.S. Manufacturing PMI report in today's session. The data, released at 10:00 ET, came in at 52.9 versus the forecasted 52, signaling not just expansion, but some form of resilience in the sector. S&P Global’s Chief Business Economist commented: “June saw a welcome return to growth for U.S. manufacturing production after three months of decline, with higher workloads driven by rising orders from domestic and export customers. Reviving demand has also encouraged factories to hire additional staff at a rate not seen since September 2022.” This uptick in manufacturing momentum suggests that the feared economic damage from tariffs may have been overstated, though price pressures remain very real. The latest JOLTS report, which showed continued labor market strength, added to the bullish tone. As a result, market sentiment improved, with the Healthcare and Consumer Defensive sectors leading gains, while names like NVIDIA and Tesla continue to feel pressure from ongoing political scrutiny. As cyclical sectors outshine tech, the Dow Jones has taken the lead among U.S. indices, currently up 1% on the session. 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.

🗣️ Powell Confirma: Fed Teria Cortado Juros se Não Fossem as Tarifas de Trump Por Igor Pereira – Analista de Mercado e Membro Junior Wall Street NYSE Durante o Fórum de Política Monetária do BCE em Sintra, o presidente do Federal Reserve, Jerome Powell, deixou claro nesta terça-feira (01/07) que o Fed já teria cortado juros se não fosse o impacto inflacionário gerado pelas tarifas comerciais de Donald Trump. As declarações, que vieram em tom moderadamente dovish, reprecificaram parte do mercado e devem ter efeitos diretos sobre o XAU/USD, dólar e ativos de risco nos próximos dias. 💬 Principais destaques das declarações de Powell: 📌 “Esperamos leituras inflacionárias mais altas durante o verão.” 📌 “A economia dos EUA está em uma boa posição.” 📌 “A inflação está se comportando exatamente como esperávamos.” 📌 “Teríamos cortado juros se não fossem as tarifas.” 📌 “Vemos um arrefecimento gradual no mercado de trabalho.” 📌 “A maioria sólida do Fed espera cortes ainda este ano.” 📌 “O caminho fiscal dos EUA não é sustentável.” 📉 Impacto no XAU/USD (Ouro) A fala de Powell fortalece a tese de afrouxamento monetário gradual no segundo semestre de 2025, o que tende a: ✅ Enfraquecer o dólar (DXY) ✅ Reforçar o suporte institucional ao ouro como proteção contra inflação tarifária ✅ Aumentar a atratividade relativa do ouro em relação aos Treasuries Ponto-chave: Powell sinalizou apoio aos cortes de juros assim que o risco inflacionário via tarifas for melhor compreendido, o que tende a reforçar o comportamento sazonal de alta do ouro em julho. Níveis técnicos do XAU/USD: Suporte imediato: US$ 3.280 Resistência: US$ 3.386 e US$ 3.465 Volatilidade (GVZ) ainda baixa: ambiente ideal para estratégias com opções e call spreads 💵 Impacto no Dólar (DXY) As falas reforçaram a fraqueza estrutural do dólar, já em sua pior performance semestral desde 1973, com DXY em queda de mais de 10% no ano: Powell não defendeu elevação futura dos juros Reconheceu que a política tarifária é o principal impeditivo para cortes Confirmou que a inflação está “dentro do esperado” Conclusão: o DXY tende a manter a trajetória de baixa, especialmente se os dados do Payroll (05/07) vierem fracos. 📈 Impacto nos Treasuries A confirmação de que “a maioria sólida do Fed” prevê cortes ainda em 2025 reforça: Compra de Treasuries curtos (2Y–5Y), já que são os mais sensíveis à política monetária Achatamento da curva, caso o Payroll confirme desaquecimento Alta demanda institucional por duration nas próximas semanas 🪙 Impacto no Bitcoin Ambiente de: Cortes de juros no horizonte Dólar em queda Inflação “sob controle” segundo Powell Dívida americana em trajetória insustentável ...compõe o cenário ideal para ativos escassos e descentralizados como o Bitcoin, que já ultrapassou os US$ 107.600. A fala sobre a necessidade de um “framework para stablecoins” também confirma que o Fed está atento ao crescimento dos criptoativos. 📊 Conclusão: Powell prepara o mercado para corte em setembro Apesar de manter o discurso prudente, Powell: Validou que os fundamentos para corte já existem Admite que o risco inflacionário vem de fora (tarifas), e não do ciclo interno Sinalizou que o Fed não vai esperar a recessão para agir 🔍 O que monitorar agora: Evento Data Impacto Esperado ISM Manufacturing PMI 02/07 Termômetro da atividade industrial Payroll (Emprego) 05/07 Principal gatilho para confirmar cortes Deadline de tarifas (Trump) 09/07 Potencial disrupção inflacionária global FOMC 30/07 Última reunião antes do provável corte 2º Trimestre de resultados Julho Pode determinar apetite por risco 📌 Resumo técnico para o site:

A crypto analyst has forecasted a powerful Wave 3 Bitcoin price rally that could take it toward new all-time highs between $160,000 and $200,000. Notably, this surge is expected to come with rising Bitcoin Dominance (BTC.D) and a delayed altcoin season, particularly if BTC can make a clean break above the $108,500 resistance level. Bitcoin Price Breakout To Spark Next Bull Run The Bitcoin price is currently hovering below a critical resistance level at $108,500, and according to a crypto analyst known as ‘BigMike7335’ on the X social media platform, a clean breakout and flip of this level into support could ignite an explosive Wave 3 bull run. Based on Elliott Wave Theory and Fibonacci Extension analysis, a successful move above this threshold could open the door to a bullish price surge with potential targets set in the $160,000 to $200,000 range. The analyst’s chart shows that Bitcoin has already completed its Wave 1 of a five-wave impulse move, followed by an ABC corrective Wave 2. The market is also currently consolidating, and Bitcoin’s bullish momentum appears to be rebuilding. These positive developments are supported by a rising Stochastic Relative Strength Index (RSI) from the oversold region and a neutral-to-bullish RSI, both of which point toward upward price action. Notably, the 0.618 and 1.0 Fibonacci Extensions around $117,795 and $137,421, respectively, are highlighted as interim resistance zones where price momentum could temporarily slow before continuing upward. A clean breakout above $108,500 could also place Bitcoin above a heavy volume node visible in the volume profile within the chart, suggesting less overhead resistance and a stronger potential for a price rally. Furthermore, the analysis implies that during this powerful Wave 3 phase, Bitcoin Dominance will likely climb toward 70%. This increase in BTC.D would mean capital is concentrating in the leading cryptocurrency, which historically results in altcoins underperforming. As a result, the expected altcoin season for this cycle may be postponed, following the completion or cooling of Wave 3. Analyst Predicts $375,000 Bitcoin Bull Run Peak Crypto analyst TechDave has just sounded the alarm on what he calls the Bitcoin “launch signal”, a rare trigger that has only appeared four times in history and each time marked the start of major bull market rallies. This signal previously appeared in October 2012, July 2016, and July 2020—all preceding major upward moves that ended in new cycle peaks. Currently, the same signal is emerging this July, aligning with the previous cycle structures and reinforcing the expectation of a breakout phase. Notably, the formation has led to exponential gains, with each bull market run typically peaking months later. Following this historical pattern, TechDave now predicts a fresh cycle top for Bitcoin at $375,000.

Leading Bloomberg ETF analysts Eric Balchunas and James Seyffart think that the odds of the US Securities and Exchange Commission (SEC) approving spot exchange-traded funds (ETFS) for Solana, Litecoin and XRP have surged to a unprecedented 95% for 2025. Could this be a transformative moment for altcoins, potentially opening the floodgates for institutional and retail investors seeking regulated exposure beyond the big two -Bitcoin and Ethereum? On 30 June 2025, Seyffart took to X to say that the duo is expecting “a wave of new ETFs in the second half of 2025.” The first US Solana staking ETF launches tomorrow, 2 June 2025. Notably, over 70 crypto ETF decisions remain delayed. Explore: 9+ Best High-Risk, High–Reward Crypto to Buy in July 2025 Crypto ETFs Attract $3.69 Billion Net Inflows Investors have poured a whopping $3.69 billion in net inflows into crypto ETFs. Importantly, this marks the first month of positive net inflows in 2025. Furthermore, cumulative net inflows for 2025 reached $5.99 billion by the end of April, the second-highest on record. This figure only trails the record-breaking $42.33 billion seen in 2024, surpassing the $2.69 billion recorded in 2021. There are 304 crypto ETPs with 756 listings globally. Interestingly, April alone saw the introduction of 23 new digital asset ETPs. Global assets under management (AuM) in crypto ETFs stood at $146.27 billion at the end of April. This was the fourth-highest level ever. This is just below the all-time high of $170.94 billion se in January 2025. Despite the influx of new capital, crypto ETF AuM declined by 3.8% from $152.10 billion at the end of December 2024. Explore: Top 20 Crypto to Buy in July 2025 Key Takeaways Balchunas and Seyffart’s optimism is rooted in shifting regulatory attitudes and increasing market maturity. Their analysis suggests that the SEC is preparing for a “wave of new crypto ETFs” in the second half of 2025. A crypto index ETF could gain approval as soon as this week, broadening institutional access to altcoins. The post Bloomberg Analysts Predict 95% Chance of Solana, Litecoin, XRP ETF Approvals in 2025 appeared first on 99Bitcoins.

Blockchain developer Peersyst Technology unveiled a significant update to the XRP Ledger with the launch of a mainnet Ethereum Virtual Machine (EVM) sidechain. This development enables Ethereum-based protocols and dApps to run seamlessly within the XRP ecosystem. Recent XRP price analysis suggests that this expansion could boost market sentiment and support potential price gains, especially as XRP approaches key resistance levels. By integrating Ethereum compatibility, the XRP Ledger broadens its functionality and taps into a larger developer community and liquidity pool. Ripple’s continued use of the Ledger for cross-border payments, digital asset liquidity, and central bank digital currency initiatives means this upgrade may enhance network activity and strengthen XRP’s long-term value. Peersyst confirmed the sidechain’s launch on X, highlighting that Ethereum-native applications can now operate directly on the XRP Ledger, Ripple’s foundational blockchain platform. XRP Price Prediction For July 2025 – Eyes Key Resistance After Side-chain Launch (XRPUSDT) On Monday, XRP’s price increased as it sought to break free from an extended consolidation period. The token has remained below the $2.65 resistance level for nearly three months. A daily close above the next key resistance at $2.30 could indicate a shift in momentum and signal the end of this sideways trading. On the other hand, a drop below the June 22 low of $1.90 would challenge buyers and may prompt XRP to test the important psychological support near $2. Such a move could trigger liquidity gathering before any renewed upward push. By connecting the XRP Ledger with the Ethereum ecosystem, this development may draw more users and developers into the XRP network, potentially boosting demand for XRP as the native currency facilitating transactions on the Ledger. DISCOVER: What Are the Best New Presales to Buy in July 2025? Key Takeaways The new EVM-compatible sidechain lets Ethereum-based dApps run on the XRP Ledger, expanding its functionality and attracting more developers. XRP price analysis: XRP has been consolidating, but a daily close above $2.30 could signal a momentum shift and the start of a price rally. A drop below the $1.90 support level would weaken buying pressure and may lead to a retest of the important $2 psychological support. This integration bridges Ethereum and XRP ecosystems, likely increasing user activity and demand for XRP as the native token on the Ledger. The post ETH Comes to XRP Crypto: XRP Price Prediction Shifts Hopes appeared first on 99Bitcoins.

Copper climbed to a three‑month high on Tuesday, driven by tightening supply on the London Metal Exchange (LME) and an improved risk appetite linked to hopes of easing US–China trade tensions. Market attention remains fixed on tariffs, which continue to shape global metal flows. Supply squeeze LME copper prices are set to close out the first half of the year with a gain of 12%, beaten only by the tin market, largely due to the investigation into US copper imports announced by President Trump in February. There’s been a rapid drawdown in inventories on the London Metal Exchange and in China recently after traders moved record volumes to the US in a bid to front-run tariffs proposed by the White House. LME stocks have dropped by about 65 % this year, while CME warehouse holdings more than doubled. Spot copper contracts traded at steep premiums to those for later delivery, a market structure known as backwardation that indicates tight supply. The so-called Tom/next spread, the premium of copper due for delivery in one day to contracts expiring a day later, widened again on Tuesday after peaking at $98 a ton last week, the highest since 2021. Improved risk sentiment, amid signs of thawing trade discussions between China and the US, helped push prices even higher. Copper rose 0.9% to $9,960 a ton on the LME as of 8:39 a.m. local time. It touched $9,984 earlier, the highest since March 27. Copper for delivery in September rose more than 2.16% to a high of $5.1925 per pound, or $11,423 per tonne, in early trading on the Comex market on Tuesday—approaching the all-time high of $5.277 per pound set in March. In a recent note quoted by Bloomberg, investment bank Goldman Sachs said it expected LME prices to rise to a 2025 peak of roughly $10,050 a tonne in August, as supplies outside the US continue to tighten. “The market is expecting Chinese smelters to lift exports to help fill the supply-chain gaps, but until they do the London copper market is a dangerous place for bears,” Reuters columnist Andy Home wrote. “Everything will change again when the US administration decides whether to impose import tariffs. That presages more turbulence ahead of the November deadline for the Section 232 investigation into US imports to be completed.” (With files from Reuters and Bloomberg)