Today's Highlights
1. Non-Farm Payrolls Report to Be Released on July 2
2. Indian Crypto Regulation Discussion on July 2
3. VALORANT Esports World Cup 2026 Group Draw Finalized
4. Securitize to Begin Trading on NYSE as SECZ
5. SWIFT System to Be Upgraded on July 2
Macro News
Taiwan Passes Virtual Asset Service Act
Taiwan's Legislative Yuan approved the Virtual Asset Service Act, which will be sent to President Lai Ching-te for signing. The law includes reserve mandates and penalties for crypto service providers.
Market Signal Switches to RISK ON
Market sentiment has shifted to RISK ON, with follow-through on recent breakout moves. However, only a few strong breakouts have emerged, indicating cautious investor behavior.
Gold and Bitcoin Both Drop Sharply
Gold and Bitcoin both declined sharply as traditional and crypto markets moved into risk-off mode. Gold fell to $3,975.78 while Bitcoin dropped to $58,089 with bearish momentum.
U.S. Crypto Regulation Hinges on CLARITY Act
The CLARITY Act is at a critical stage, with lawmakers working to resolve ethics negotiations before a potential Senate vote. The Senate is set to return on July 13.
Japan's Yen Intervention Declared a Success
Japan's central bank declared its $73 billion yen-buying operation a success, despite the yen remaining near 160. The intervention aimed to stabilize the currency amid global pressures.
Industry Hotspots
Ethereum Spot ETFs Record $27.6M Net Outflow
Ethereum spot ETFs saw a $27.6 million net outflow on July 1, continuing a nine-day outflow trend. BlackRock's ETHA led the outflow with $27.6 million.
Bitcoin Spot ETFs See $223M Net Outflow
Bitcoin spot ETFs recorded a $223 million net outflow on July 1, marking the ninth consecutive day of outflows. BlackRock's IBIT led the outflow with $212 million.
UBS Reports Rising Demand for AI Hardware
UBS found that AI infrastructure demand in China is expanding beyond GPUs. Optical interconnect and silicon carbide (SiC) components are seeing increased demand from surveyed companies.
Polymarket World Cup Predictions Reach $3.3B
Polymarket's 2026 World Cup prediction market has reached $3.3 billion in total volume, with half of the bets placed on underdog teams.
Whale Opens ZEC Long Position on HyperLiquid
A whale deposited 10.12 million USDC on HyperLiquid to open a ZEC long position with 1x leverage. The whale has previously made over $7.7 million in profits.
KOL and Institutions
@javedahmedhere
The top four cryptocurrencies are all in negative territory. BTC leads the decline at -2.6%, followed by ETH at -2.5% and BNB at -2.3%. Market sentiment remains extremely fearful.
@CryptoInsightsX
Bitcoin trades around $58K as the market experiences extreme fear. Top gainers include $RIF, $M, $AI, and $DYDX. Trending searches include $IN, $SYN, $XLM, and $DOGE.
@OnChainMind
The current Bitcoin bear market drawdown is at 52%, below the historical average of 84%. This suggests less volatility compared to previous cycles, with less euphoria on the way up.
@elonmusk
Elon Musk is questioned about DOGE, whether it is different from other memecoins. The question highlights ongoing debate about DOGE's value proposition and long-term potential.
@kyc_rip
Monero (XMR) CEX price is $303.28 while the street price is $307.09, showing a +1.26% premium. Privacy nodes account for 68.1% of the network.
@Overlordenki
Top daily gainers include Synapse ($SYN), Gensyn ($GENSYN), and Rootstock Infrastructure Framework ($RIF), all showing strong 24-hour gains amid AI and DeFi trends.
@XCanada
A Canadian Twitter user humorously asks what they missed during a five-year absence. The post highlights major global events including the pandemic, lockdowns, and the Freedom Convoy movement.
@blknoiz06
$ANSEM has become one of the most notable cases on Solana, rising to $150M market cap. The coin's narrative is tied to its association with the creator and active community engagement.
@pasfm
Sainsbury's, the second-largest supermarket chain in the UK, reported slower Q1 sales growth but maintained full-year profit projections. Sales rose 2.1% through June 20.
This content is generated by AI for informational purposes only and does not constitute investment, financial, or trading advice.