Key Takeaways
-
Macro Environment: June CPI data was mixed — both headline and core CPI rose from the previous month, reflecting early tariff impacts, but remained within market expectations, showing only mild growth. The Fed’s key media proxy stated that the report wouldn’t alter the current policy path, with rate cut probabilities in July and September largely unchanged. U.S. stocks were mixed, with Nvidia pushing the Nasdaq to a new high.
-
Crypto Market: A transfer of 40,000 BTC by a long-dormant whale to Galaxy Digital weighed on BTC, causing it to drop below the 116k level. ETH outperformed, with ETH/BTC breaking key resistance at 0.026. Bitcoin’s dominance dropped 1.19% week-over-week, while altcoins saw trading volume rise to 53%, indicating higher activity.
-
Today's Outlook: CLARITY Act vote；U.S. June PPI；U.S. Beige Book；House Ways and Means Committee hearing on digital asset taxation；ARB unlock: 1.87% of supply (~$38.2M)
Main Asset Changes
| Index | Value | % Change |
| S&P 500 | 6,243.77 | -0.40% |
| NASDAQ | 20,677.80 | +0.18% |
| BTC | 117,766.80 | -1.72% |
| ETH | 3,137.91 | +4.12% |
Crypto Fear & Greed Index: 70 (down from 73), still in "Greed" territory
Project Highlights
Trending Tokens: ETH, PUMP, THE
-
Ethereum Ecosystem: ETH/BTC ratio hit a local high; ecosystem tokens such as ENS, CRV, ARB, ENA, OP, SSV, and ETHFI saw broad gains.
-
XRP: NYSE approved the ProShares Ultra XRP ETF; Ripple confirmed it plans to apply for a MiCA license to expand in the EU.
Macro Economy
-
U.S. June unadjusted CPI YoY: 2.7%, core CPI YoY: 2.9% — both above prior values, in line with expectations
-
Fed media proxy: CPI report won’t alter Fed policy direction
-
Trump: U.S. to impose 19% tariffs on Indonesian imports — lower than last week's threat
-
Trump: New tariff letters to smaller nations coming soon, likely just above 10%
-
Nvidia to resume H20 chip sales in China; NVDA up 4%
-
U.S. Treasury confirms Powell successor process has begun
Industry Highlights
-
Greenland Securities (Asia) receives upgraded Hong Kong VASP license
-
Standard Chartered launches BTC and ETH spot trading for institutions
-
UK Treasury to support development of DLT and asset tokenization
-
Ghana finalizing crypto trading regulatory framework
-
U.S. DOJ ends investigation into prediction market PolyMarket
-
Industry Highlights
-
Whale holding 80,000 BTC for over 14 years transfers 40,000 BTC (~$4.69B) to Galaxy Digital
-
Nasdaq-listed Bit Digital raises ~$67.3M via equity placement to continue ETH purchases
-
The Blockchain Group completes €6M capital raise for BTC treasury strategy
-
OFA Group secures $100M equity funding for building crypto treasury
-
Circle applies to become the first U.S. digital currency bank focused on USDC trust and institutional services
-
Vitalik: The best way to build L2s is to leverage more L1 functionality
-
Tether holds over $127B in U.S. Treasuries as of Q2
This Week’s Outlook
-
U.S. House Financial Services Committee: Week of July 14 is "Crypto Week" – reviewing the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act.
-
July 16:
-
U.S. June PPI report
-
U.S. Beige Book
-
House Ways and Means Committee to discuss digital asset taxation
-
ARB token unlock: 1.87%, ~$38.2 million
-
-
July 17:
-
UXLINK token unlock: 9.17%, ~$14.2 million
-
SOLV token unlock: 17.03%, ~$11.3 million
-
-
July 18:
-
TRUMP token unlock: 45%, ~$878 million
-
MELINIA token unlock: 4.07%, ~$5.2 million
-
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
