Trading Desk Insights
BTC is holding a key support zone between 104,000 and 105,000. If this level breaks, we could see a move down toward the bottom of the trend channel near 101,000 and possibly an extension to 99,000. Despite solid macro signals, investors locked in profits this week. Meanwhile, spot BTC ETFs in the US continue to gain strong traction, pulling in over $1.7 billion in inflows, while ETH ETFs saw $206 million in new capital. Institutional interest remains elevated. Even with the recent dip, optimism is building across the crypto space, supported by easing inflation, improving geopolitical sentiment, and favorable regulatory momentum. The setup looks bullish for a breakout.
SOLETH has been rangebound within 7% and is trading near the June lows. There’s a potential bullish divergence forming, suggesting SOL could begin to outperform ETH again. Altcoins outside the top ten are still hovering near their levels from the US election period, showing few standouts. Altcoin flows remain subdued, with quiet price action across most names. No surprise there as Bitcoin dominance has hit 66%, which continues to weigh on small caps. SUIBTC is trying to bounce off a key support level, while SOLBTC just printed a fresh yearly low, giving back some of the strong outperformance it saw between April and May.
Equity markets have snapped back to life. Commerce Secretary Howard Lutnick told Bloomberg that a trade framework between the US and China has been finalized, with 10 additional deals expected soon. Meanwhile, President Trump is escalating his standoff with Fed Chair Jerome Powell and is reportedly planning to name a successor before Powell’s term ends in May 2026. The goal is clear: appoint someone more dovish who will support lower interest rates.
On the regulatory front, Senator Tim Scott, chair of the Senate Banking Committee, told a White House crypto advisor that legislation covering both crypto market structure and stablecoins is expected to be finalized by September thirtieth, twenty twenty five.
The News Room
Financial advisor Ric Edelman says crypto should make up 10–40% of a portfolio
Veteran advisor Ric Edelman now recommends allocating 10–40% of a client's portfolio to crypto, based on risk appetite—a big shift from his 2021 stance where he suggested just 1%. He argues that cryptocurrencies have matured, resolving earlier uncertainties around regulation and adoption, and now represent the "best investment opportunity of the decade".
BlackRock’s IBIT hits $70B AUM faster than any U.S. ETF
BlackRock’s iShares Bitcoin Trust (IBIT) shattered records by reaching $70 billion AUM in just 341 trading days—five times faster than Gold’s GLD fund. With over $52 billion in cumulative inflows and commanding nearly 20% of all publicly-held BTC, IBIT is now one of the top U.S. ETFs by inflow and fee revenue.
BNB Chain’s Maxwell upgrade drives record DEX trading volume
On June 30, BNB Chain rolled out its Maxwell upgrade, halving block times to 0.75 seconds, improving validator messaging and sync. The result: a new all-time high of $165 billion in 30-day DEX volume, led by PancakeSwap’s surge to $139 billion, confirming user preference for its ultra-fast, low-cost trading environment.
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