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

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

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

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

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

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

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

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

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

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

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

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

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

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

Despite the Bitcoin price holding up quite nicely above $100,000 and remaining very close to its all-time high levels, there continues to be expectations of a massive crash that would rock the market. Pseudonymous crypto analyst FriendlyRox points to a number of indicators for this, going from volume to momentum, all pointing to a possible price crash. What is the expected result of this? Losing the $100,000 psychological level and then falling to previous peaks. Bitcoin Price At Risk With Dwindling Volume And Momentum In the analysis, FriendlyRox highlighted the decline in major metrics such as momentum and volume as the major driver of the forecasted price crash. This comes amid bullish news dominating the headlines, such as institutions increasing their Bitcoin holdings and supply on exchanges falling toward new lows, meaning investors are choosing to hold for higher prices. The decline in the volume has been apparent after the Bitcoin price had fallen below $100,000 before bouncing back up in June. So far, in the month of July, the Bitcoin trading volumes have trended lower, with data from Coinglass showing consistent daily volumes below $100 billion. At the same time, there has also been a decline in momentum, with the analyst pointing out a negative divergence in this metric. Furthermore, the Bitcoin price has also flashed a historical trend that has usually predated market tops. This is price reaching the 50 EMA (Exponential Moving Average) and then retracing. FriendlyRox revealed that in the past, whenever the price touched the 50 EMA and then extended back, it usually signalled a crash, and the Bitcoin price has done this now, extending even further. Other metrics that have also flashed bearishness include the RSI and the MACD, both of which are now showing a loss of momentum as they moved into the negative. All of these factors happening together at the same time have painted a pretty bleak picture for the leading cryptocurrency by market cap. BTC Bottom Targets With the lineup of bearish developments, the crypto analyst has predicted an approximately 50% from here. As volume continues to decrease and momentum slides into the negative, they expect that the Bitcoin price will be looking to retrace back to the 50 EMA. The interesting fact here is that the 50 EMA falls below the previous Bitcoin price peak, putting it at $60,000. A crash of this magnitude would only be rivaled by the COVID crash in 2020 and the FTX-induced market crash back in 2022. But nevertheless, it would mean a wipeout for altcoins across the board. As for the timeframe for when this could happen, there is no definite timeline. Going by the analyst’s chart, it could take a couple of years for this to completely play out, with the analyst closing with: “Let us see how it unfolds.”

The evolution of Web3 banking is starting. XRP is applying to become a bank in the latest Ripple SEC news. So should I sell my house to buy more XRP? Short answer: NO, but the price is in a crucial position. After briefly spiking to $2.32, XRP has slipped toward the $2.25 range. Price action is tightening along the lower Bollinger Band, pointing to volatility compression. That’s typically a precursor to a major move, and right now, the bias is leaning south. If we won’t moon today, when will we moon then? Despite recent weakness, the broader trend still favors the bulls. The daily chart shows a series of higher lows since XRP bottomed at $1.908, and the 10 to 100-day EMAs continue to flash buy signals. However, the 200-day SMA now sits above current price at $2.36, acting as a lid on further upside. XRP on the Edge: $2.25 or Bust XRP keeps climbing out of its $1.90 bottom, marking higher lows and clinging to buy signals from short and mid-term EMAs. Yet the 200-day simple moving average, now at $2.36, isn’t budging. If support at $2.25 breaks with conviction, the structure risks unwinding toward $2.20 or lower. On the other hand, a bounce with volume could reignite momentum and set up another test of the $2.35–$2.40 range. Traders should watch $2.25 like a hawk because it’s the fulcrum for what happens next. EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways TXRP is applying to become a bank in the latest Ripple SEC news. Despite recent weakness, the broader trend still favors the bulls. The daily chart shows a series of higher lows since XRP bottomed The post Ripple SEC News: XRP Nears Banking License And Faces Critical Support Test appeared first on 99Bitcoins.

Ondo Finance has acquired Oasis Pro as the RWA tokenization platform secures its place in the industry. ONDO prices are steady but firm. While the focus is on Bitcoin, meme coins, and even DeFi, the future of crypto is clearly emerging as tokenization. Since the first stablecoin hit the market in 2014, the industry has grown to a market cap of over $264 billion. USDT by Tether has a market cap of over $158 billion, while USDC by Circle is in second place with a market cap of nearly $62 billion. Other stablecoins track JPY, GBP, and even gold, all with decent market caps cumulatively exceeding $500 million. (Source) RWA Tokenization Exploding A look at rwa.xyz data reveals that over $24.8 billion of real-world assets (RWAs) have been tokenized. Over the months, there are more than 282,000 holders of these assets, nearly doubling in the past month alone. In total, there are 249 issuers as of July 8. Most of these tokens are on Ethereum, but others are circulating on Aptos, Stellar, Solana, and Algorand. Among the big issuers is Ondo Finance, a RWA tokenization platform that has been gaining traction in the past two years. Currently, Ondo Finance’s USDG and USDY, two products tokenizing United States bonds, are among the most valuable, with a market cap of over $710 million and $652 million, respectively. In the past week, these products have seen their total value locked (TVL) increase by 3% and 9%, respectively. (Source) DISCOVER: Best New Cryptocurrencies to Invest in 2025 Ondo Finance Acquires Oasis Pro Yesterday, Ondo Finance took another monumental step in its efforts to become a big player in the tokenization market. The Boston Consulting Group (BCG) projects tokenization to crack $16 trillion by 2030. Tokenization is a big industry, and Ondo Finance cemented its position after acquiring Oasis Pro. The deal, announced on July 4, will see the RWA platform take over the regulated brokerage platform, absorbing the broker’s licenses and infrastructure. Oasis Pro is regulated in the United States as one of the first operators of Alternative Trading Systems (ATS) for digital securities. Through this deal, Ondo Finance now has the foundation to build on Oasis Pro’s comprehensive regulatory framework further, effectively bridging DeFi with CeFi via tokenization. Ondo Finance now has the right to issue, trade, and even settle tokenized securities in a way that’s compliant with the United States SEC’s laws. Before this deal, Oasis Pro was among the first platforms to settle digital securities using USD and stablecoins like USDC and DAI. Pat LaVecchia, the CEO of Oasis Pro, said the deal now sets the foundation for a “regulated tokenized securities ecosystem.” Meanwhile, Nathan Allman, the CEO of Ondo Finance, added that this acquisition empowers them to “realize their vision of building a robust and accessible tokenized financial system, backed by the strongest regulatory foundations.” DISCOVER: 20+ Next Crypto to Explode in 2025 24/7 Trading Of U.S. Securities Ondo is already preparing to launch its Global Markets platform, offering tokenized stocks to non-U.S. investors. These stocks will be tokenized and wrapped, backed by real shares via regulated custodians. In this way, these stocks will be tradable every day of the week, just like some of the best cryptos to buy. Additionally, investors will be able to own a fraction of these shares and even program transaction flows. Eventually, they plan to scale to thousands of securities, including ETFs, by the end of the year. At press time, ONDO ▼-1.41% is flat, capped at around $0.82, trailing some of the top Solana meme coins. Ondo FinancePriceMarket CapONDO$1.09B24h7d30d1yAll time Technically, the uptrend remains, but for buyers to find strength, prices must float above the local support at $0.72. DISCOVER: Next 1000x Crypto – 11 Coins That Could 1000x in 2025 Ondo Finance Acquires Oasis Pro, Eyes $16T Tokenization Market Tokenization could hit $16 trillion by 2030 Ondo Finance acquires Oasis Pro RWA tokenization platform plans to tokenize U.S. securities ONDO crypto prices flat below $0.82 The post Ondo Finance Positions to Dominate the $16 Trillion Tokenization Market After Strategic Acquisition appeared first on 99Bitcoins.

Strategy (previously MicroStrategy), the Bitcoin proxy firm co-founded by Bitcoin bull Michael Saylor, has made headlines once again on Monday, but not for its usual Bitcoin acquisitions, but for its notable absence of purchases during the week of June 30 to July 6. This marks the first time since late March that the largest corporate holder of BTC has not added to its impressive treasury, which currently stands at 597,325 Bitcoin, valued at approximately $64.71 billion. Strategy Bitcoin Investment Hits A Pause The lack of activity in Bitcoin acquisitions is surprising, especially given Strategy’s aggressive purchases over the past few months. These purchases have brought the company close to holding nearly 3% of the cryptocurrency’s total supply. From April 7 through June 29, the company invested $6.77 billion in acquiring 69,140 BTC, averaging about $97,906 per coin. At current market prices, these investments have appreciated by 10.4%, now worth around $7.49 billion. In terms of trading, Strategy’s stock (trading on the Nasdaq under the ticker symbol MSTR) saw a slight decline of 0.7% during morning trading hours, which is in line with the 0.8% drop in Bitcoin prices. As of this writing, MSTR closed the day at $395. This highlights the close relationship between the company’s performance and the volatility of the cryptocurrency market. However, the company’s stock has enjoyed a rise of 38.5% in 2025, outpacing BTC’s 16.1% increase and the S&P 500’s modest gain of 6.1%. Up To $4.2 Billion For Future BTC Investments In addition to this pause in BTC purchases, Strategy did not issue any new common or preferred shares during the specified week. However, the company announced a sales agreement to potentially issue and sell up to $4.2 billion in 10% preferred stock. According to Monday’s press release on the matter by the Bitcoin proxy firm, the proceeds from this sales agreement are earmarked for general corporate purposes, which include future BTC acquisitions and working capital needs. The new preferred stock, known as Series A Perpetual Stride Preferred Stock, will be sold in a “disciplined manner,” taking market conditions into account, highlighting the firm’s ongoing commitment to leveraging its financial strategies to enhance its BTC holdings, even as it temporarily steps back from direct purchases. At the time of writing, BTC is trading at $107,855, marking a 1.5% decline within the last 24 hours, increasing the gap between the current price and its record by 3.5%. This follows a failed attempt last week to overcome the cryptocurrency’s most significant resistance level of $110,000 and establish a new all-time high above its current record of $111,800. Featured image from DALL-E, chart from TradingView.com

Despite US President Trump issuing 14 new tariff letters on Monday, 7 July, Asian stock markets defied expectations. Unlike the sharp sell-off following the 1 April “Liberation Day” tariff announcement, regional indices rallied, many reaching three- to five-day highs in today’s Asian mid-session. close Fig 2: Hong Kong 33 CFD Index minor trend as of 8 July 2025 (Source: TradingView) Fig 2: Hong Kong 33 CFD Index minor trend as of 8 July 2025 (Source: TradingView) The recent 4% minor corrective decline seen on the Hong Kong 33 CFD Index (a proxy of the Hang Seng Index futures) from the 25 June high to the 4 July low is likely to have ended. The Hong Kong 33 CFD Index is now likely to be in the process of undergoing a potential fresh impulsive bullish sequence within its medium-term uptrend phase. The hourly RSI momentum indicator has shaped a bullish divergence condition as its oversold region and staged a bullish momentum breakout on Monday, 7 July (see Fig 2). Watch the 23,690 key short-term pivotal support for the next intermediate resistances to come in at 24,270, 24,490, and 24,850. On the other hand, failure to hold at 23,690 negates the bullish tone for a slide towards the next support at 23,450 (also the 50-day moving average), and only a break below it sees a deeper corrective decline to expose the next intermediate support at 23,060 in the first step. 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.

After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support before continuing its rally to new highs. Some analysts have suggested that the cryptocurrency may be experiencing a “calm before the storm” phase. Bitcoin Set For Key Support Confirmations Bitcoin managed to close above two crucial levels over the past few days, recording its highest weekly close in history. Last week, the flagship crypto positioned itself for a reclaim of its final major weekly resistance around $109,000 after nearing this area for four days. On Sunday, BTC surged above the key barrier and closed the week around the $109,200 mark, also successfully confirming its diagonal daily trendline as support. Now, the cryptocurrency is retesting the final resistance to confirm the breakout. Rekt Capital affirmed that the goal is to turn this resistance into support, as it could push BTC to new all-time highs (ATH). He explained that “given how price barely Weekly Closed above the final Weekly resistance, it offers very little chance for price to cleanly retest this level into support; that is, this retest is likely going to be a volatile one.” Nonetheless, the analyst noted that the cryptocurrency has significant High Timeframe (HTF) support beneath it that “should act as a demand area to springboard price into Price Discovery Uptrend 2 over time.” Notably, Bitcoin reclaimed and held the high zone of its re-accumulation range, around the $104,400 mark, as support over the past two weeks. Meanwhile, June Monthly Closed above the $102,464 level and retested it post-breakout “to enable this current July upside candle,” setting it as a monthly support. Additionally, the $107,244 level also emerged as a crucial area after last month’s close, driving BTC “back to its retesting phase.” BTC To Breakout After The Summer? Rekt Capital considers BTC’s current phase as “the calm before the storm,” adding that “for as long as the post-breakout retest will continue, Bitcoin will continue to be positioned for its second Price Discovery Uptrend.” However, he pointed out that it is currently locked between $104,400 and $111,000 levels so far this month. Daan Crypto Trader warned investors that the upcoming days could be crucial for BTC’s price action this month. He highlighted that Bitcoin has tended to set its monthly high or low within the first 12 days over 80% of the time, before price trends around 20% in the opposite direction. Remarkably, June was an exception after Bitcoin remained relatively stable with only small moves in each direction. Now, the analyst thinks it’s time to be “on the lookout again for any big move up or down within the first 12 days” to potentially determine BTC’s trend for the rest of the month. “For now, there has been little action in July yet,” Daan stated, but added that “technically, we’re still looking perfectly” around the current levels. He asserted that, with the slower pace during the summer, BTC could remain within its current range until a real move up begins at the end of Q3 and start of Q4. The trader concluded that the cryptocurrency must officially break out of its range before investors get excited for “much higher later this year.” As of this writing, Bitcoin is trading at $107,973, a 1% decline in the daily timeframe.

Como as Prop Firms Lucram ? O Modelo de Negócio por Trás das Empresas de Mesa Proprietária Por Igor Pereira Analista de Mercado Financeiro | Membro Junior WallStreet NYSE ExpertFX School - Educação de Elite para Traders de Alta Performance O universo das prop trading firms (empresas de capital proprietário) ganhou enorme popularidade nos últimos anos entre traders de varejo, atraídos pela possibilidade de operar com capital alavancado sem risco direto para seu próprio dinheiro. No entanto, por trás da promessa de contas financiadas, existe um modelo de negócio robusto, estruturado para garantir lucratividade para a empresa — independentemente do desempenho dos traders. Neste artigo, Igor Pereira, Analista de Mercado Financeiro e Membro Junior WallStreet NYSE, analisa como essas empresas realmente lucram, quais são as principais fontes de receita, os custos ocultos para os traders e o que esperar ao se envolver nesse mercado. A análise também traz insights sobre o impacto no setor financeiro e no comportamento dos traders. 📊 As Fontes de Receita das Prop Firms Diferentemente dos brokers tradicionais, que lucram principalmente com spreads e comissões sobre ordens reais, as prop firms modernas utilizam um modelo híbrido, baseado principalmente em taxas de avaliação, divisão de lucros e monetização de contas simuladas. Abaixo, detalhamos os principais canais de receita: 1. Taxas de Avaliação (Challenge Fees) A principal fonte de receita das prop firms é a cobrança de taxas para participar de processos de avaliação, onde o trader precisa demonstrar habilidade, consistência e controle de risco em uma conta demo. Essas taxas podem variar de: US$ 40 para contas de US$ 5.000 Até US$ 3.000 para contas de US$ 200.000 a US$ 500.000 A maioria dos traders não passa na avaliação inicial, o que torna essa etapa extremamente lucrativa para a empresa. Algumas prop firms operam quase exclusivamente com esse modelo, sem sequer executar negociações reais no mercado. 2. Assinaturas Mensais Em vez de cobrar apenas uma taxa única, algumas prop firms adotam o modelo de assinatura recorrente, onde o trader paga mensalmente para manter sua avaliação ativa ou sua conta financiada. Essa receita é previsível e escalável. 3. Divisão de Lucros (Profit Split) Quando o trader é aprovado e recebe uma conta financiada, ele entra em um acordo de divisão de lucros. A média do setor é: Trader fica com 70% a 90% A prop firm retém 10% a 30% Algumas empresas oferecem modelos híbridos, onde o trader mantém 100% dos primeiros US$ 10.000, antes de iniciar a divisão. 4. Spreads e Comissões Prop firms que oferecem execução no mercado real (ou simulada com custo artificial) lucram com: Aumento do spread Comissões por operação Mesmo em contas simuladas, os custos são cobrados e os lucros obtidos com as perdas dos traders, que não afetam o capital da empresa. 5. Custos Ocultos Muitas prop firms agregam custos adicionais como: Taxas de plataforma (MT4, MT5, cTrader) Taxas de acesso a dados em tempo real Taxas de “reset” para quem falha na avaliação Taxas de saque, conversão ou gerenciamento Esses custos corroem a margem líquida do trader e aumentam a rentabilidade da empresa. 6. Educação e Serviços Complementares Algumas prop firms expandem seu modelo oferecendo cursos, mentorias, pacotes educacionais e comunidades exclusivas. Trata-se de uma monetização indireta do desejo de muitos traders por acesso a capital e performance consistente. 📉 O Modelo de Desafio (Challenge) e as Pegadinhas do Fracasso O modelo de desafio é estruturado para testar: Alvos de lucro (geralmente 8% a 10%) Sem gerenciamento de risco a maioria quebra em menos de 1 mês, querendo "passar os desafios rápidos"... Limites de perda diária (geralmente 4% a 5%) ou seja, sua mesa de $100.000 USD não é $100.000 USD e sim $5.000, e o mesmo para outros capitais. Perda total máxima (frequentemente 8% a 10%) Regras de consistência e tempo mínimo de operações Deixar ordem no final de semana aberta? NÃO PODE. Abir compra e venda ao mesmo tempo? NÃO PODE apenas um desvio e você perde a mesa nas pegadinhas... Estudos de mercado e dados internos sugerem que menos de 10% dos traders passam o desafio na primeira tentativa. Isso cria um ciclo de recorrência: tentativa, fracasso, nova inscrição — gerando receita contínua para o site que fornece esses tipos de serviços. 💡 Funded Accounts: Capital Real ou Simulado? Nem todas as prop firms operam com execução real no mercado. A maioria usam contas simuladas (DEMO), mesmo após a aprovação do trader. Nesse caso, as perdas dos traders não impactam a empresa, que mantém 100% do capital intacto. Isso levanta preocupações éticas e regulatórias, já que: A empresa lucra com a falha do trader Não existe execução verdadeira de ordens Pode haver conflito de interesse Já as prop firms com execução real precisam gerenciar risco com maior sofisticação, tornando o modelo mais sustentável, porém com margem reduzida. 🧠 O Impacto no Comportamento do Trader O modelo de prop trading pode gerar comportamentos prejudiciais se o trader não estiver preparado para: Pressão por resultados rápidos Gestão emocional diante de alvos e limites rígidos Repetidas frustrações e custos acumulados É fundamental que o trader veja o desafio como uma ferramenta de disciplina e aprendizado, e não como atalho para lucros fáceis. 📈 O Mercado de Prop Firms: Um Negócio Lucrativo O crescimento explosivo das prop firms mostra que o modelo é altamente lucrativo para as empresas, especialmente porque elas: Lucram com a falha da maioria dos traders Cobram múltiplas taxas e comissões Limitam o risco com contas simuladas Criam modelos escaláveis com base em assinaturas e cursos Ao mesmo tempo, o setor atrai traders com pouco capital inicial, que veem na prop trading uma chance de escalar seus resultados com risco limitado. 🔍 Conclusão do analista Igor Pereira: Vale a Pena Para o Trader? Para o trader disciplinado, com gestão de risco sólida e consistência operacional, sim — o modelo pode ser vantajoso. É possível operar grandes contas sem arriscar capital próprio e receber pagamentos mensais conforme o desempenho. No entanto, é essencial entender o modelo de negócios das prop firms para evitar armadilhas e frustrações. O sucesso exige preparo técnico, psicológico e financeiro — e não ilusão de acesso rápido ao lucro. Eu não recomendo o uso de mesas proprietárias, o seu psicológico não é preparado para passar em desafios... Imagine, trabalhar, analisar, estudar o mercado, as vezes durante 1 ou 2 meses sem ganhar nada por isso, até que você receba a conta "..real/falsa...". É a onde a maioria dos 90% de Traders cria um ciclo vicioso oculto de ir lá e "tentar" de novo... Muitas vezes, você acaba gastando em tentativas mais de $200 dólares em mesas proprietárias tentando passar desafios, as vezes, em insistência, sem lucrar nada por isso e se passa 2, 3 meses.... Me pergunto? não era mais fácil colocar esses 200 dólares em uma corretora confiável (conta real), em seu nome, com gerenciamento de risco, fazer apenas 5$ dólares por dia com esse capital? tendo em conta que o mês tem 20 dias úteis, com apenas 5 dólares por dia, você teria no final do mês 50% de lucro do seu depósito de $200 dólares, lucro (exemplar teórico) de $100, podendo sacar quando quiser, sem qualquer burocracia. Deixo uma pergunta, se você não consegue responder minha pergunta acima, e muito menos já conseguiu obter consistência em gerenciamento disciplinar fazendo 5$ dólares por dia em uma conta de 200$, você acha mesmo que vai conseguir passar nos testes da mesa proprietária? Se você não está preparado para o mercado "real", a onde não há exigências e burocracias, apenas controle disciplinar e estudos, você estará perdendo tempo e dinheiro nessas empresas que contém pegadinhas (regras) para que você perca o controle e quebre logo a sua conta. O que esperar do mercado: Com a expansão do setor e o surgimento de novas prop firms semanalmente, é provável que haja: Consolidação de marcas confiáveis Regulação mais rígida em alguns países Inovação em modelos de avaliação e pagamento Aumento da competição com ofertas mais acessíveis Por fim, logo, para o verdadeiro Trader, isso representa mais oportunidades, mas também exige mais cautela e discernimento na escolha da empresa ideal. Por Igor Pereira Analista de Mercado Financeiro | Membro Junior WallStreet NYSE ExpertFX School - Educação de Elite para Traders de Alta Performance

📢🇺🇸 Trump adia prazo final para acordos comerciais e ameaça retaliação tarifária simétrica O presidente dos Estados Unidos, Donald Trump, assinou hoje uma Ordem Executiva prorrogando o prazo final para a assinatura de acordos comerciais com países parceiros de 9 de julho para 1º de agosto. A medida representa mais uma postergação na aplicação dos novos pacotes tarifários unilaterais anunciados pela Casa Branca nos últimos meses. 📝 Resumo da decisão Novo prazo: 1º de agosto passa a ser a data-limite para que países negociem com os EUA e evitem tarifas punitivas. Cartas formais: 14 países já foram oficialmente notificados da imposição de tarifas entre 10% e 40%, a depender da origem e do tipo de produto. Ameaça de retaliação: Trump advertiu que qualquer aumento de tarifas contra os EUA será respondido com aumentos equivalentes por parte americana, em um movimento de retaliação simétrica. 🌍 Contexto e implicações globais A nova rodada de tarifas se insere em um momento em que a administração Trump busca remodelar o comércio global sob uma lógica bilateral e nacionalista. A prorrogação indica que há espaço para negociações diplomáticas, mas também reforça o tom agressivo e unilateral da política comercial americana. Países como Japão, Coreia do Sul, Índia, África do Sul e Malásia estão entre os que ainda não fecharam acordos com os EUA e correm risco de serem afetados diretamente. 📊 Impacto nos mercados financeiros 🟡 Ouro (XAU/USD): Alta de demanda por segurança pode continuar sustentando os preços acima de US$ 3.300, com projeções estendidas para US$ 3.400 em caso de escalada tarifária. 💵 Dólar (DXY): Testando suporte de múltiplos anos, mas ameaças comerciais podem fortalecer o USD no curto prazo via aversão a risco. 📉 Mercados emergentes: Moedas como o peso mexicano, real brasileiro e rand sul-africano tendem a sofrer com volatilidade e fuga de capital. 🏭 Setores industriais e exportadores nos EUA já sentem os efeitos do risco tarifário — queda nas exportações, revisão de guidance e adiamento de investimentos. 🔮 O que esperar Até 1º de agosto, o foco dos mercados estará em sinais de trégua ou avanço nas negociações comerciais. O histórico de Trump mostra que mudanças repentinas de tom são comuns, mas a escalada tarifária atual é a mais abrangente desde 2018–2019. Se implementadas, essas tarifas podem reativar temores de recessão global e desaceleração industrial nos EUA, especialmente diante de dados recentes de desemprego e contração na produção manufatureira. 📌 Análise técnica e macroeconômica por Igor Pereira — ExpertFX School Para traders, o momento exige gestão rígida de risco e atenção especial aos dados macroeconômicos e à retórica da Casa Branca. Em tempos de incerteza tarifária, o ouro e ativos defensivos continuam sendo os principais beneficiários.

An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X, analyst Ali Martinez has shared DOGE levels that could be important resistance boundaries. The levels in question correspond to major supply walls on the Dogecoin UTXO Realized Price Distribution (URPD). The URPD is an on-chain indicator from the analytics firm Glassnode that tells us about the total amount of the memecoin’s supply that was last purchased at the different price levels that it has visited over history. Now, here is the chart posted by Martinez that shows how the URPD looks for Dogecoin right now: As displayed in the above graph, the level closest to the latest Dogecoin spot price that stands out in terms of the URPD is $0.18. The investors last purchased around 8.94% of the asset’s supply around this mark. Naturally, as the level is above the spot price, all of these holders would be in the red at the moment. Generally, investors in loss look forward to retests of their break-even mark so that they can get their money ‘back.’ Often, these holders push for the exit as soon as this happens, fearing that the price would go back down again in the near future. As such, whenever the price retests the cost basis of a notable part of the supply from below, a significant selling reaction can sometimes appear in the market. This can provide resistance to the cryptocurrency. Considering that the $0.18 level is particularly large, it can act as a point of notable resistance. Similarly, the analyst has also flagged two other levels: $0.21 (7.24% of supply) and $0.36 (3.82% of supply). Interestingly, between these two, there aren’t any significant supply walls, meaning that if Dogecoin can get into this zone, it may, at least in theory, have an easier time climbing up. In the scenario that DOGE gets rejected at the resistance, however, it may have to find support at the in-profit supply zones. Holders belonging to these levels can react to declines to their cost basis by buying more, as they may believe the drawdown to be just a dip-buying opportunity. The only level below the current Dogecoin spot price that stands out in terms of supply is all the way down at $0.07. It hosts the acquisition mark of 20.03% of the memecoin’s supply, which means that it’s massive in size, and so, could be a strong support center. DOGE Price At the time of writing, Dogecoin is floating around $0.168, up 1.6% in the last seven days.

BNB price is gaining pace above the $650 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $620 support zone. The price is now trading above $655 and the 100-hourly simple moving average. There is a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $655 level to start another increase in the near term. BNB Price Eyes More Gains After forming a base above the $620 level, BNB price started a fresh increase. There was a move above the $645 and $650 resistance levels, like Ethereum and Bitcoin. The price even surged above the $660 level. A high was formed at $666 before there was a downside correction. The price dipped below the 50% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The price is now trading above $655 and the 100-hourly simple moving average. On the upside, the price could face resistance near the $662 level. There is also a key contracting triangle forming with resistance at $662 on the hourly chart of the BNB/USD pair. The next resistance sits near the $665 level. A clear move above the $665 zone could send the price higher. In the stated case, BNB price could test $672. A close above the $672 resistance might set the pace for a larger move toward the $680 resistance. Any more gains might call for a test of the $700 level in the near term. Another Decline? If BNB fails to clear the $662 resistance, it could start another decline. Initial support on the downside is near the $655 level and the 61.8% Fib retracement level of the upward move from the $650 swing low to the $666 swing high. The next major support is near the $650 level. The main support sits at $644. If there is a downside break below the $644 support, the price could drop toward the $632 support. Any more losses could initiate a larger decline toward the $620 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently above the 50 level. Major Support Levels – $655 and $650. Major Resistance Levels – $662 and $665.

Ethereum co-founder Vitalik Buterin is calling on developers to reconsider how they license open-source software. In a new blog post, he argued that permissive licenses may no longer be enough to protect innovation in a world where tech giants have become increasingly dominant. Instead, he believes more projects should adopt “copyleft” licenses that require any modified version of the code to remain open. Why Buterin Thinks It Matters Buterin’s concern is that large platforms are now in a position to quietly absorb useful open-source code and lock the benefits behind closed systems. He acknowledged that permissive licenses like MIT and Apache helped grow the open-source ecosystem in the past, but warned that today’s environment looks very different. Powerful companies are now using he openness that made those licences attractive to build walled gardens around community-built tools. Source: Shutterstock He pointed to copyleft licenses like the GNU General Public License (GPL) as a way to stop this from happening. These licenses force anyone who builds on the code to share their work under the same terms. The system forces improvements and extensions to remain public, allowing smaller developers to compete and preventing better-funded players from boxing them out. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in July2025 Implications for Crypto Projects This conversation hits close to home for crypto, where open-source principles are supposed to be at the core. Buterin argued that large entities that don’t share the same values will repackage and commercialize decentralized apps and protocols if they lack protective licensing. Ethereum has long promoted transparency and community ownership, but that ideal can be undermined if big firms build proprietary layers on top of public infrastructure. According to Buterin, copyleft tools can help make sure innovations remain part of a shared commons, not fenced off behind corporate terms of service. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Real-World Examples Buterin referenced real examples, like the social protocol Farcaster, which recently made a move toward a stronger license after debates over downstream use. He also noted that companies with commercial agendas are picking up and reshaping open tools in artificial intelligence and decentralized identity, raising similar licensing questions. EthereumPriceMarket CapETH$305.75B24h7d30d1yAll time This is not about creating more rules for the sake of it. It’s about defending the spirit of collaboration that open-source communities rely on. Buterin is not saying everyone needs to switch to copyleft overnight. Instead, he wants developers to weigh the risks of permissive licensing in an era where major players are watching closely and moving quickly. What Happens Next The rise of Web3, along with the spread of AI and digital infrastructure, is pulling more attention toward how code gets reused and who gets to benefit. As the web’s next phase takes shape, licensing decisions will play a big role in shaping who has control. Buterin’s message is a reminder that the tools developers choose today will determine whether the future stays open or becomes another centralized system in disguise. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Vitalik Buterin argues permissive licenses like MIT and Apache may no longer protect developers from big tech co-opting open-source code. Copyleft licenses, such as the GNU GPL, require all derivative work to stay open. This preserves access and fairness for smaller developers. Buterin warns that unless crypto projects adopt stronger licensing protections, corporations will repackage them. Real-world examples, like Farcaster, show a growing trend of projects reconsidering their license models in response to downstream misuse. Licensing will shape Web3’s future. Buterin urges devs to be proactive or risk a new wave of centralization disguised as innovation. The post Vitalik Buterin Backs Copyleft Licensing to Help Developers Guard Against Big Tech appeared first on 99Bitcoins.