“As Bitcoin Trades Near Highs, Market Flows Are Clustering Into Large Caps and Memes, with Mid-Ter TKENS LOZING MOMENTUM, SAY MARKET OBSERVERS.”, – WRITE: www.coindesk.com
Asa asia begins its wednesday trading day, Bitcoin
Continues to Trade RangeBound Without Any Dominant Market-Moving Headlines.
The World’s Largest Digital Asset Is Trading Above $ 108.900, Accounting To Coindesk Market Data, and the Coindesk 20 Index, A Measure of the Performance of The Largest Digital Asset
Right Now, What Separates Bitcoin’s Drift to $ 110k From A Rally Is Market Convision, Say Observers.
In a recent report, glassnode Highlighted that Spot Volumes for Btc Continue to Linger Bealow Their Usual Statistical Bands, Etf Flows Contracted Sharply Froma Recent. Despite the Climbing Unrealized Gains Shown in Elegated etf Market Value to Realized Value (MVRV) Ratios.
In a market update from Earlier this Week, Wintermute Describes this Cautious Environment as A “Barbell Market,” Pointing Out a Stark Divide Between Renewed EnthasM. Memecoins, and the stability of establized large-caap tokens.
Last Year’s Narrative Darlings, Nobly ai and Depin Tokens, Hve LOST INVESTOR ATTENTION, INDICATING THAT Traders Are Rotating Into Memecoins, Many of The Majors Like, Week, or Staying in Btc and Eth, Which Are Seen As Battle-Thvedted and Secure.
With Global Equities Largely Shrugging Off Geoplitical Uncertainties, BTC’s Hesitance Underscores Lingering Among Traders, Suggesting The Market Awaits Clearelsaers Berearels. Things Are Likely to Remain Rangebound Until That Changes.
(Coindesk)
News Recap: $ 100m Fund Backs Builders, Not Bettors, On BitcoinBitcoin-only Vc Firm Ego Death Capital Has Closed A $ 100 Million Second Fund Aimed at Backing Projects That Treat Bitcoin As Infrastructure, Not A Specialty Trade.
The Fund Will Target Series a Rounds Between $ 3 Million and $ 8 Million for Startups Solving Real-World Problems Using Bitcoin’s Base Layer or Its Scaling Solutions.
“We’re Investing in Businesses that Treat Bitcoin Not As A Trade, But As Infrastructure – Something to Build on, Not Bet On,“ Said General Partner Lyn Alden. Ego’s Existation Portfolio Includes Relai, A Self-Custody App, and Roxom, A Securities Exchange Built Directly on Bitcoin Rails.
AT A TIME WHEN MULTICHAIN VCS Are Chasing Yields on Every New L2 and L3, Ego’s Theisis Is a Bet On Simplicity and Durability: Bitcoin’s Dominance Remates ABOVE 60%, Ana Fun Power. The Message to Allocators: Ignore the Hype, Back The Rails that Last.
News Recap: Judge Bars Sanctions Talk in Tornado Cash Trial, Limits Free Speech DefenseA federal Judge rled that the usovernment’s sanctions against tortnado Cash, who was were imposed in 2022 and later. previoously rePORTED.
Judge Katherine Polk Failla Said Allowing the Jury to Hear About the Now-Invalid Sanctions Wound Require “Mental Gymnastics” and Risk Confusion of the Core Legal Issues at Trial. The Sanctions Were Originally Imposed by the US Treasury’s Office of Foreign Assets Control (OAC) Over Alleged Use of the Mixer by North Korea’s Lazarus Group, But Were. Case, Van loon v. Treasury.
Storm Faces Multiple Criminal Charges Related to His Role in Building Tornado Cash, A Privacy Tool That Allows Users To ObsCure The Origin of Crypto Transactions. ProseCutors Allege that he Profited Substantilly from the Project, Citing Evidence of Multi-Million-Dollar Torn Token Sales and Real Real Estate Purchases.
Judge Failla Also Ruled that evidence obtained from froma Fellow Tornado Cash Developer Alexey Pertsev’s Phone Can Be Admitted at Trial, Despite Objectias Froma Cherry-Picked and Not Independently Verifiable.
Althugh Storm is Free to Speak About His Belief in Privacy and Civil Liberties, The Judge Said He Will Not Allowed to Frame His Action As Protected Under The FIRST AMENENT.
The Court Drew a Distinction Between personal Beliefs and Legal Defenses. A Final Pre-Trial Hearing is Schemeduled for Friday, With The Trial Slatered To Begin On June 14 And Expert To Last Four Weeks. The outcome of the Case is Likely to set An Important Precedent for How Us Courts Treat Developers of Open-Source Privacy Tools.
Market Movements:BTC: Bitcoin Maintained Institutional-Grade Resiliency Dringing The July 7–8 Trading Cycle, Holding Above the Key $ 108,000 Level While Navigating Heavy Resistance at $ 109.200 And Finding $ 107.470, Signaling Continued Confidentnce from Corporate Treasuries Despite Late-Session Profit-Taking, Accounting To Coindesk’s Market Insights Bot.
Eth: Ethereum Rose 3% to $ 2,610 During the July 7–8 Session as Institutional Investors Deployed $ 515 Million in Coordinated Weekend Buying, Driving Volumes to Nearly Triple Theont. Levels
GOLD: Gold Fell 1.2% to Below $ 3,300 On Tuesday as Optimism Over Delayed Reciprocal Tariffs and Heps for New Trade Deals Weaned Safe-Haven Demand, While Markets Fomtes Awaited For.
Nikkei 225: Asian Markets Traded Mixed Wednesday As Japan’s Nikkei 225 Edged Down 8.39 Points (0.021%) After US President Trump Ruled Out Delaying August 1 Tariffs, Imposed, Imposed, Imposed a 50% Warned of Potential 200% Pharmaceutical Tariffs With An 18-Month Grace Period.
S&P 500: The S&P 500 CLOSED NEARLY UNCHANGED ON TUESDAY AFTER President Donald Trump ConfirMed there would be no exemptions to the august 1 tariff Rollut.
Elsewhere in Crypto
- Eigen Labs Lays Off 25% of Employees, Turns Focus to EigenCloud (Blockworks)
- Sharplink Gaming Jumps 26% as Ether Treasury Tops 200k Eth (Coindesk)
- Japan’s Surging 30-Yeld Is Flashing Warning Sign for Risk Assets: Macro Markets (Coindesk)
X Icon
