ReserveOne will merge with M3-Brigade Acquisition V Corp in a SPAC merger to raise over $1 billion and launch crypto reserves focused on Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). The firm plans to leverage staking strategies and DeFi lending to generate yields. Coinbase Global will serve as custodian. Strategic backers Galaxy Digital, Pantera Capital and Kraken have committed $750 million alongside $300 million from the SPAC trust. Backed by CEO Jaime Leverton’s experience at Hut 8 and Riot Platforms, the deal is expected to close in Q4 2025. After closing, ReserveOne will list on Nasdaq under tickers RONE and RONEW. The crypto reserves product underlines a growing trend toward regulated digital asset exposure without direct token ownership. Traders should monitor potential market volatility and liquidity risks despite enhanced transparency and regulated access.
Q2 2025 saw the cryptocurrency market rebound sharply, with total market capitalization rising to $3.3 trillion. Bitcoin (BTC) surged 31%, Ethereum (ETH) gained 37% and Solana (SOL) added 22% on risk-on sentiment and regulatory tailwinds. Crypto equities like Robinhood and Coinbase jumped over 100%. Stablecoins dominated, as USDT and USDC facilitated over $2 trillion in monthly transactions and grew supply to $245 billion. The US Senate advanced the GENIUS Act, proposing strict reserve requirements and AML compliance, fueling tokenized dollar rails.
Ethereum’s Pectra upgrade went live in May. Key EIPs raised the validator cap to 2 048 ETH and doubled blob data capacity. Daily blob postings climbed from 21 300 to 28 000, while near-zero blob fees boosted rollups on Base, Arbitrum (ARB) and Optimism (OP). Exchanges and institutions accelerated on-chain adoption: Coinbase, Kraken and Robinhood unveiled rollup plans; Bybit launched a DEX extension; and Canton’s permissioned network reached 27.8 billion tokens.
On July 8, the cryptocurrency market dipped 3.8% to $3.42 trillion amid a US stock sell-off over proposed tariffs. Bitcoin and Ethereum fell 0.4% and 0.3% to $108,322 and $2,558. Despite lower volumes, US Bitcoin ETFs recorded $216.6 million in net inflows (led by BlackRock’s $164.6 million) and Ethereum ETFs added $62.1 million. Murano Global bought 21 BTC under a $500 million equity deal, and the DFSA approved QCD Money Market Fund (QCDT), the Middle East’s first tokenized money-market vehicle. Altcoins were mixed: BONK rose 6.8%, while FARTCOIN and SPX fell over 6%. Traders remain cautious amid heightened volatility and trade-war concerns, even as TradFi and DeFi converge.
Robinhood has launched its EU tokenized equity platform, offering over 200 US stock tokens tradable five days a week. Since its June 30 rollout, the platform has drawn strong demand from private issuers seeking to tokenize their shares and tap onchain markets. A promotional giveaway included non-tradable OpenAI and SpaceX tokens.
Regulators are scrutinizing the tokenized equity offering. The Bank of Lithuania has opened an inquiry under MiCA and MiFID rules, requesting details on token structure and marketing. Robinhood classifies these tokens as derivatives backed by US-held assets that are minted or burned on each trade. The firm is also engaging with US and UK authorities, including SEC tokenization roundtables.
Industry analysts at Galaxy Research describe the tokens as valuation trackers with no ownership or voting rights, echoing OpenAI’s warning. SIFMA has urged the SEC to reject tokenized stock proposals under relaxed regulations, citing investor protection concerns. This move underscores the rising momentum of tokenized equity in global capital markets and its challenge to traditional exchanges.
Elon Musk has launched the America Party, a US political movement aiming to disrupt the two-party system and champion technological innovation and fiscal responsibility. Announced on X, the party places Bitcoin at the centre of its economic agenda, denouncing the fiat system as “hopeless.” It plans to field candidates in key 2026 midterm elections to influence legislation on crypto policy.
Musk’s companies remain major Bitcoin holders: Tesla holds 11,509 BTC worth roughly $1.26 billion from its 2021 $1.5 billion investment, and SpaceX holds nearly 19,794 BTC. Infrastructure advocate Samson Mow has urged Musk to reinstate Bitcoin payments at Tesla, offer SpaceX discounts for BTC transactions, and explore the Lightning Network for low-fee, fast transfers, including on future Mars missions.
This move underscores growing crypto adoption in US politics and fuels debates on Bitcoin scalability and energy use. Layer-2 solutions like Bitcoin Hyper, built on the Solana Virtual Machine (SOL), seek to boost transaction speeds and lower costs. Traders should monitor Bitcoin price reactions, regulatory shifts around the 2026 elections, and developments in scaling solutions.
Remixpoint, a Tokyo-listed energy consulting and crypto services firm, has launched a Bitcoin compensation plan by offering CEO Yoshihiko Takahashi 100% of his salary in BTC. This first-of-its-kind Bitcoin compensation aligns executive incentives with shareholder interests under Japan’s insider trading rules that prohibit executive stock holdings. Since September 2024, Remixpoint has built a crypto treasury of 1,051.56 BTC (approx. $114M), alongside 901.44 ETH, 13,920 SOL, 1.2M XRP and 2.8M DOGE as part of its yen-hedge strategy. The Bitcoin compensation initiative enables equity-like exposure without breaching regulations and underscores growing corporate adoption of digital assets. Shares rose 0.71% following the announcement, reflecting positive market sentiment. Traders should watch such corporate crypto moves, as Bitcoin compensation may signal rising institutional confidence and influence market trends.
On July 8, the U.S. Securities and Exchange Commission (SEC) unveiled a streamlined framework for spot crypto ETF applications, merging the previous two-step process into a single S-1 registration and cutting review periods to 75 days. The SEC also introduced uniform listing standards and clear guidelines for crypto-specific issues, such as staking mechanisms and in-kind redemptions, to support institutional investors. As of early July, 72 spot ETF proposals, including those for Bitcoin, Ethereum and Solana, await approval. Shortly after, the SEC requested Solana spot ETF issuers to file updated S-1 prospectuses by the end of July, detailing staking and in-kind transaction processes, with a final decision due by October 10. This accelerated pace follows the surprise launch of the REX-Osprey Solana and Staking ETF (SSK), which drew $12 million in first-day inflows and saw daily active addresses on Solana surge past 14.6 million. SOL traded near $150, with daily volume exceeding $4.2 billion.
Meta AI has secured Ruoming Pang, Apple’s head of foundation models and on-device AI, in a move that underscores Mark Zuckerberg’s aggressive strategy in the global AI talent war. Pang led Apple Intelligence, Siri and device-level machine learning, and was reportedly offered over $10 million to join Meta’s new "Superintelligence" team. This follows Meta’s recent poaching of experts from OpenAI, Google DeepMind, Anthropic and Scale AI. Alongside hiring top researchers like Alexandr Wang and Nat Friedman, Meta plans to invest more than $20 billion in AI infrastructure in 2025. For crypto traders, the ramp-up in Meta AI’s on-device intelligence could drive demand for AI-powered trading tools and privacy-focused wallets, though it does not directly affect token prices. The battle highlights shifting power in generative AI and signals continued tech-sector investment in R&D and hardware that may shape future blockchain and metaverse applications.
Neutral
Meta AIAI Talent WarOn-Device IntelligenceTech CompetitionAI Infrastructure
DigitalX, an ASX-listed crypto fund manager, secured US$13.5 million in a strategic placement led by Animoca Brands, UTXO Management and ParaFi Capital. Of this, US$12.8 million will fund additional Bitcoin reserves through a share placement at US$0.048 per share, with 18-month warrants at US$0.098. DigitalX also formed a Strategic Advisory Board featuring Animoca’s Yat Siu and Web3 veteran Hervé Larren.
France’s The Blockchain Group (TBG) completed a €3 million capital increase under an ATM agreement with TOBAM, at an average price of €4.76 per share. On July 7, TBG used part of the new funds and a convertible bond issuance to acquire 116 BTC (~US$12.6 million), pushing its year-to-date treasury yield to 1,348%.
Bitcoin has traded between US$107,000 and US$110,000 in recent days, currently around US$108,300, about 3% below its all-time high of US$111,000. These coordinated fundraising rounds reflect a growing trend in corporate treasury management toward Bitcoin accumulation and underscore strong institutional support.
Murano, a NASDAQ-listed Mexican hotel and real estate chain, has adopted a Bitcoin treasury strategy, acquiring 21 BTC (around $2.3 m) and securing a $500 m standby equity purchase agreement with Yorkville to fund further Bitcoin purchases. The firm plans sale-leaseback deals to unlock balance-sheet liquidity for ongoing BTC accumulation and aims for an 80/20 allocation between Bitcoin and core real estate assets. Operational initiatives under review include enabling BTC payments and deploying Bitcoin reward programs across its hotels. Murano also joined BTC Inc.’s Chairman’s Circle within the “Bitcoin for Corporations” program, gaining access to strategic peer sessions, exclusive research, institutional media support and priority speaking slots at flagship conferences. Chairman and CEO Elias Sacal says the Bitcoin treasury complements its real estate business, provides an inflation hedge and strengthens its balance sheet. This move underscores growing corporate confidence in Bitcoin treasury strategy and may boost broader corporate adoption and market stability.
XRP’s price surged from $0.15 to over $3 in late 2017. CoinMarketCap then cut high-volume Asian exchanges from its pricing index, triggering a steep decline and prolonged sideways trading. Allegations of deliberate XRP price suppression persist amid unverified RippleNet banking partnerships. On-chain analytics by Glassnode reveal sustained accumulation and realized profit metrics that suggest market manipulation. Traders now pin hopes on regulatory clarity and a spot XRP ETF as catalysts. Market experts argue that formal ETF approval could unlock the cryptocurrency’s stalled value, potentially sparking a swift rally. Until then, XRP remains range-bound despite growing network adoption.
On-chain analytics reveal that two long-dormant Ethereum Genesis Wallets have transferred a combined 1,140 ETH (≈$2.9 million) after nearly nine years of inactivity. Funded at the 2015 mainnet launch via “GENESIS” transactions, these addresses reactivated amid Ethereum’s shift from proof-of-work to proof-of-stake. Traders suspect the ETH may be routed to staking contracts for rewards or redeployed into DeFi and NFT protocols. Such large moves can affect liquidity and trigger short-term volatility. Monitoring Ethereum Genesis Wallets offers a barometer of investor confidence and supply shifts. Since The Merge in September 2022, Ethereum has surged over 89,000%, supported by upgrades like Pectra, which adds smart accounts, scalability improvements and higher staking limits.
Bitcoin held near $107,900 despite President Trump’s renewed tariff threats on major trading partners starting August 1. Earlier extensions to import tariff deadlines until August 11 had eased geopolitical risk, but fresh 25% duties on Japan, South Korea and potential levies on BRICS-aligned nations reignited uncertainty. US stocks fell almost 1% and the dollar strengthened, while Bitcoin trading volume rose 2% to $26.9 billion. Derivatives data point to fading bearish bets: put-call ratios normalized, futures premiums briefly dipped below 5% then rebounded, open interest rose 7% and net longs reached $27.4 million. Technically, BTC formed a double-top at $109,500, with support at the 200-hour EMA around $107,300. A break below $107,300 may lead toward $106,300, whereas a move above $109,500 could target $112,000. Traders should watch derivatives sentiment, futures premiums and the August 1 deadline for potential volatility.
Strong ETF inflows and protocol upgrades are set to drive renewed momentum in Bitcoin and Ethereum through H2 2025. U.S. spot Bitcoin ETFs have attracted $14.4 bn year-to-date, while the GENIUS and CLARITY Acts boost institutional adoption. Over 135 public companies now hold Bitcoin, even as some warn of market saturation. Ethereum’s Pectra upgrade has improved network performance, and the forthcoming Fusaka upgrade will cut storage and computation costs, targeting $6,000 ETH by year-end. With Bitcoin dominance easing, traders eye a second altcoin season. Top altcoins with robust fundamentals include TAO, AAVE, SOL, DOGE, XRP, LINK and HYPE. These projects benefit from AI integration, DeFi growth, staking rollouts, Proof of History innovations, and legal clarity. Despite the disappearance of 1,400 tokens, ETF approvals, Circle’s IPO, and institutional listings by Galaxy, eToro, Kraken and Consensys add fresh liquidity. Collectively, these factors underpin a bullish outlook for Bitcoin, Ethereum and select altcoins in the coming months.
Bullish
BitcoinEthereumCrypto ETFsProtocol UpgradesAltcoin Season
Trump Meme Coin ($TRUMP), originally launched on Solana on January 18 with a 1 billion token supply, trades near $8.60 and holds a $1.7 billion market cap. It is now launching on the Tron Network to leverage Tron’s high throughput and low fees.
This integration, endorsed by TronDAO founder Justin Sun, addresses scalability issues seen on Ethereum and Solana. The Tron Network deployment is expected to accelerate meme coin transactions and expand $TRUMP’s user base. For crypto traders, the move could drive TRX demand as users pay network fees and stake TRX for governance. Monitor TRX volume and price action as Trump Meme Coin adoption unfolds on Tron.
Dogecoin is showing signs of a bullish reversal after forming a clear double bottom at $0.1467. Whale accumulation has accelerated, with addresses holding 1–10 million DOGE rising to 10.5 billion tokens and 10–100 million DOGE wallets growing to 24.8 billion. On-chain data also indicates large holders (1–100 million DOGE) continue to increase positions while retail exposure declines.
The recent Dogecoin price rebound saw DOGE jump 7% to $0.18 on heavy volume, with 24-hour trading volume surging 251% to $1.4 billion. DOGE futures open interest climbed 10.5%, and liquidations of about $8.17 million were mostly short positions.
Technical indicators support further upside. The biweekly stochastic shows a bullish cross on an ascending trendline, RSI has rebounded toward the neutral 50 zone, and MACD lines have made a bullish crossover. Funding rates have stayed positive since July 2024. Traders are now eyeing a rally toward resistance at $0.24–$0.26, led by whale buying pressure.
External factors are also boosting sentiment. The US government extended tariff negotiations to August 1, and Elon Musk’s launch of the America Party and pro-Bitcoin stance have added to bullish momentum.
Traders should monitor whale accumulation, key support at $0.1467, and technical levels for entry and exit signals.
Bullish
DogecoinWhale AccumulationDouble BottomTechnical AnalysisOn-Chain Data
Bitcoin’s price consolidated near $109K before dipping just above $100K on July 7 as Binance funding rates turned negative. Traders opened aggressive short positions, heightening short-squeeze risk amid Bitcoin’s sustained uptrend. Transfers of 20,000 BTC from dormant wallets failed to dent prices, underscoring market resilience. On-chain activity weakened to multi-month lows, with daily transactions at 50.3K and network growth at 57.6K. Scarcity metrics spiked: the Stock-to-Flow ratio rose to 458 and the NVT ratio jumped to 1,527, indicating valuation outpacing usage. Coupled with $30.14 M net outflows from exchanges, these mixed signals warrant caution. Traders should watch Bitcoin funding rates, transaction volume and NVT for a potential short-covering rally.
XRP’s volatility is at historic lows after six months in the $1.50–$3.80 range, setting up a bullish Elliott Wave breakout. XForceGlobal’s wave count shows Waves 1 and 2 complete, with Wave 3 targeting $16.30, a Wave 4 pullback near $6 and a Wave 5 peak around $27. On the fundamentals side, a 25% share of the $1.06 trillion remittance market by 2029 and a network valuation at twice annual volume could lift XRP to $8.90, rising to $35 with a 4× demand premium. Ripple’s partnerships in Brazil, Mexico, the UAE, Saudi Arabia, Vietnam and the Philippines, plus US regulatory clarity on retail XRP sales, bolster this outlook. Traders should watch a retest of $4, adoption trends, token unlocks and regulatory developments as key catalysts and risks.
Bitcoin options traders are showing a clear bearish bias as institutional hedging intensifies amid macroeconomic uncertainty. Bitcoin has traded directionless near record highs for over 50 days, eroding long-term call demand on Deribit and pushing June 2026 risk reversals toward zero. Major firms such as MicroStrategy have expanded holdings but struggle to offset weakening spot demand. On-chain data indicate long-term holders are taking profits.
Key macro drivers include rising inflation trends, looming U.S. CPI data and central bank communications, which have amplified market volatility and spurred demand for Bitcoin options as a hedging tool. Regulatory uncertainty remains pivotal. Historical patterns show sentiment spikes around policy announcements, and analysts warn that upcoming rulings could intensify price swings and squeeze liquidity.
Broader ecosystem updates—from Ethereum’s EIP-7983 gas-limit proposal to Russia’s national mining equipment registry—underscore evolving network and compliance dynamics. Despite mainstream nods from Drake and Elon Musk’s America Party, shrinking call option demand points to continued bearish derivatives sentiment. Traders should monitor macro releases and protocol upgrades for renewed volatility in Bitcoin options.
Bearish
Bitcoin optionsInstitutional hedgingMarket volatilityRegulatory uncertaintyMacro data
Tariff threats from the US have strengthened the dollar as global markets react to elevated trade risks. As US tariff threats escalate, oil prices fell 1.4% at the Globex open but trimmed losses to 0.3% after OPEC+ announced a larger-than-expected 548,000 bpd output rise. Asia-Pacific currencies—South Korean won, Chinese yuan, New Zealand dollar, Australian dollar and Japanese yen—weakened amid export concerns, domestic policy divergences and Japan’s 2.9% YoY wage decline. Beijing’s restrictions on EU medical equipment imports further deepened China-EU tensions. Global equities rebounded on optimism over extended trade talks, while safe-haven metals like gold and silver slipped. Crypto traders should prepare for increased volatility, a stronger dollar and potential upside for dollar-pegged stablecoins as hedges against risk-off sentiment.
Bearish
Tariff ThreatsUS Dollar StrengthTrade TensionsMarket VolatilityStablecoins
Binance CEO Changpeng Zhao (CZ) built the world’s largest cryptocurrency exchange after going all-in on Bitcoin in 2013. He sold his house, quit his job, and held BTC through a two-year bear market. In 2017, China’s ICO ban led CZ to launch Binance. By supporting ERC-20 tokens and delivering superior customer service, Binance claimed the top exchange spot within six months.
A 2019 hack cost Binance 7,000 BTC, but its “Funds Are SAFU” policy restored user trust. After FTX’s 2022 collapse, Binance handled over $14 billion in withdrawals without downtime. In 2023, CZ settled with the U.S. DOJ for Bank Secrecy Act violations and served four months in prison, where he even ran a crypto reading club.
CZ warns that people, time, health, and talent—not capital—are true business constraints. He credits clear worldviews and early trend-spotting for Binance’s success. Looking ahead, he forecasts rising institutional adoption: more Bitcoin ETFs, corporate and BNB and Ethereum reserves, and deeper AI integration. Governments are also exploring blockchain for identity, land registration, and welfare distribution.
Bullish on Bitcoin and crypto regulation, CZ plans a compliant re-entry into the U.S. market. Binance’s native BNB token now boasts a market cap nearing $100 billion.
Bitcoin is poised for fresh all-time highs after closing the week at around $109,240. Traders target buy liquidity near $105,000, aligned with the 50-day EMA, while on-chain data shows major sell-side liquidity at $110,000 and buy support around $107,800. Declining Binance funding rates point to growing short interest and a potential short squeeze. A soft US dollar, US tariff talks and pending Fed minutes add macro tailwinds. Investor sentiment remains in extreme greed, with a successful defense of $108,000 support expected to fuel a rapid rally. Technical analysis now highlights two trendline resistance levels: roughly $115,300 on a linear scale and about $223,000 on a log scale, based on the 2017 and 2021 highs. Traders should monitor these resistance points for signs of profit-taking or breakout continuation.
FTX bankruptcy proceedings have validated roughly $11B in allowed creditor claims, forming the basis for the upcoming asset distribution. Judicially restricted claims total about $470M and remain under legal dispute. Key metrics include $380M filed by Chinese investors, $290M in claims lacking complete KYC (mainly from the Bahamas), $660M in disputed claims, and $1.4B awaiting resolution. This complex claims landscape underscores the importance of judicial oversight in protecting creditor interests and shaping the FTX restructuring strategy. Crypto traders should monitor these developments, as the allowed and restricted claims figures will directly influence asset recoveries and market dynamics.
The US Secret Service’s Global Investigative Operations Center has seized nearly $400 million in Bitcoin from a single cold wallet in one of the largest Bitcoin seizures to date. This Bitcoin seizure marks a shift from cash briefcases to blockchain forensics in the fight against crypto crime.
Investigative analyst Jamie Lam and crypto strategy lead Kali Smith use domain registration records, wallet links and VPN misconfigurations to trace transactions from fake investment platforms, romance scams and sextortion schemes. In a recent case, agents tracked a $600 sextortion payment by an Idaho teenager through a US-based money mule, ultimately linking it to a Nigerian suspect who processed $4.1 million across 6,000 transactions.
The Secret Service collaborates with Coinbase, Tether and law enforcement agencies in over 60 countries to monitor, freeze and seize illicit wallets. With Americans losing $9.3 billion to crypto scams in 2024, the agency’s blockchain forensics crackdown on crypto crime is reshaping law enforcement and aims to curb billion-dollar online exploitation.
Dogecoin (DOGE) has held its key $0.15 support floor and is trading near $0.17–$0.18 resistance, forming a squeeze pattern on Heikin Ashi charts and following an ascending trend line since late 2023. The RSI at 44.5 sits above its 40.5 moving average, suggesting potential for upside. A confirmed daily close above $0.18 on increased trading volume could trigger a rapid surge towards the next Fibonacci target at $0.22–$0.23, representing a 39–50% gain. Low market liquidity means volume spikes often fuel sharp price moves, especially as Bitcoin nears its all-time highs and investors rotate into altcoins. On the downside, a drop below $0.15 risks a fall to $0.13 or even $0.10. Traders should monitor $0.15 support and $0.17–$0.18 resistance, RSI trends, volume spikes, and Heikin Ashi candle formations for breakout signals.
Bitcoin whale activity has surged as a major trader increased short positions by $80.11 million, securing $13.6 million in profit. Simultaneously, eight dormant BTC wallets from 2011 moved a combined 80,000 BTC ($8.7 billion), preceded by a Bitcoin Cash test transaction that triggered security concerns. Meanwhile, 30-day and 180-day open interest deltas flipped positive, signalling renewed institutional investment in BTC derivatives. Retail demand remains muted, with low mempool congestion indicating minimal everyday user activity. Historically, large-scale whale moves and rising open interest precede bullish cycles. Traders should monitor Bitcoin whale behavior, institutional flows, and retail resurgence to assess BTC price trajectories and manage risk in volatile markets.
South Africa’s Revenue Service (SARS) has issued draft guidance on crypto tax under existing law, not a new crypto tax regime. The public consultation is open until 31 August 2026.
SARS says crypto assets are not “currency” or “foreign currency,” so gains and losses generally fall under South Africa’s income tax and capital gains tax rules. Treatment will depend on each taxpayer’s facts and intention, including whether activity looks like trading or long-term holding.
Crypto transactions that may trigger taxable events include: selling crypto for fiat, crypto-to-crypto swaps, and using crypto to buy goods or services. SARS also includes mining, staking, airdrops, hard forks, and DeFi-related activity within scope. Frequent activity may be treated as income tax, while longer-term holdings may fit capital gains tax.
Enforcement expectations are rising. SARS reiterates that taxable crypto income must be declared in the tax year it is received or accrued, with potential interest and penalties for non-disclosure. The guidance lands alongside CARF, where the first reporting period runs from 1 March 2026 to 28 February 2027. Individual taxpayers do not file CARF reports, but they still must report crypto in their income tax returns.
For traders, this is a compliance-focused update: expect more scrutiny around record-keeping, cost basis tracking, and how transactions are categorized. Near-term market volatility risk may rise around headlines, while longer-term behavior depends on how quickly exchanges and users adapt to SARS crypto tax and reporting requirements.
Neutral
South Africacrypto tax guidanceCARF reportingincome tax vs capital gainscrypto compliance
U.S. spot Bitcoin ETFs have ended a 10-day net outflow streak, turning to net inflows of about $221.7 million (SoSoValue). The reversal follows roughly $2.7 billion withdrawn over the prior 10 sessions, with Thursday posting the strongest daily inflow in around two months.
The turnaround aligns with softer U.S. macro data and cooler expectations for further Federal Reserve tightening. June nonfarm payrolls rose by 57,000 versus ~110,000 expected, and Fed messaging suggested inflation risks have eased, easing pressure on the dollar.
Price action followed flows: BTC rebounded about 7.7% from the weekly low and traded back above $61,000 after a brief dip below $58,000. Demand was concentrated in several funds, including Fidelity’s FBTC (+$166m) and ARK 21Shares’ ARKB (+$91.8m). BlackRock’s IBIT remained the only major product still seeing net outflows, losing about $40.4m and extending its mid-June withdrawal streak.
Despite the daily improvement, June remained weak for spot Bitcoin ETFs, with total losses around $4.5 billion.
Ethereum sentiment also improved: U.S. spot Ethereum ETFs recorded net inflows of about $14.9m on Wednesday and $29.1m on Thursday. Traders may watch whether Bitcoin ETF inflows can keep stabilizing alongside incoming macro prints; if so, it could support near-term risk-on positioning, though the broader trend still depends on Fed policy expectations.
Neutral
Bitcoin ETFsUS jobs dataFederal ReserveSpot crypto flowsBTC rebound
The World Cup 2026 knockout stage starts today with Canada vs Morocco and Paraguay vs France. On June 9, 2026, Kraken became FIFA’s first “Official Crypto Exchange Supporter,” including ticket giveaways, fan promotions, and education campaigns about digital assets.
FIFA is also using the Avalanche blockchain to power World Cup 2026 digital collectibles and fan engagement features. Avalanche’s role is mainly about enterprise credibility and large-scale deployment using AVAX-based infrastructure.
There is no official FIFA token. Instead, World Cup 2026 fan tokens are issued independently on platforms such as Chiliz and via the Socios.com app. As the tournament enters knockout rounds, trading volume for national-team fan tokens has surged, with match schedules acting as short-term trading catalysts. Prices can swing quickly—especially in thinner markets—driven more by sentiment and match outcomes than by long-term fundamentals.
For traders, expect liquidity and volatility concentration around match times, with event-driven momentum opportunities but higher risk during headline moments.
Neutral
World Cup 2026Kraken FIFA dealfan tokensAvalanche digital collectiblesmatch-time volatility
Pro-XRP lawyer Bill Morgan says XRP escrow is shrinking, challenging the repeated claim that 35%–40% of XRP supply remains locked. He cites on-chain figures: about a year ago, escrow was just under 36% of total supply, but it has fallen to below 32.5% as Ripple’s monthly model unlocks 1 billion XRP and re-escrows only part of what was released. If the trend continues, Morgan estimates escrow could drop under 29% by next July.
The comments came after Ripple’s scheduled July release of 1 billion XRP. While monthly unlocks often raise selling-pressure concerns, the article notes Ripple has historically re-locked most of the released tokens, limiting direct impact on circulating supply. Traders reacted bullishly in the short term: XRP rose roughly 3%–4%, broke above $1.10, and extended gains. CoinCodex data cited in the piece places XRP around $1.12, with buyers defending higher lows and watching $1.10 as a potential support level.
For traders, the key shift is that the “XRP escrow” narrative is moving from headline percentages toward on-chain-verified trends. A further decline in XRP escrow concentration could influence sentiment around token distribution and add volatility risk around future monthly unlocks, even if re-escrowing blunts the immediate selloff.