July 1, 2026



I. Market Trends
BTC is down, and altcoins fall across the board. US stocks are up, with AI technology stocks leading the gains.

II. Market Highlights:
1. Circle’s share price plunges 17.55%. The OpenUSD stablecoin network supported by Stripe, Coinbase, and BlackRock disrupts USDC’s business model, intensifying stablecoin competition.
2. Wintermute’s view: The crypto market has entered the late stage of a bear market, but the true bottom may still not have arrived.
3. Ethereum drops 25.2% in Q2, marking the first time in history it has closed lower for three consecutive quarters.
4. Ondo integrates with Uniswap, opening on-chain trading for more than 430 tokenized stocks and ETFs.
5. US stock semiconductor upstream equipment concepts surge collectively.

Today’s Fear and Greed Index: 11 — Extreme Fear!
BTC0.34%
USDC-0.03%
ETH1.00%
ONDO1.30%
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RugpullTherapist
· 4h ago
Wintermute says it's late in the bear market but the bottom hasn't been reached. Translation: It can still drop, but not by much? I'm familiar with this rhetoric.
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SudoSmiles
· 5h ago
Extreme fear at 11 – this sentiment indicator is almost at zero, but historical experience tells me that the real bottom is never when everyone is shouting it, but when no one dares to speak.
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GoldfishOnIce
· 6h ago
ETH has been falling for three straight quarters, and on-chain activity has been lackluster as well—but the narrative of bringing RWA onto the chain, like Ondo, is becoming more and more convincing, and structural opportunities always emerge out of despair.
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GateUser-f4fbd803
· 6h ago
Circle dropped 17%, that's quite fierce. OpenUSD is coming on strong this wave. The stablecoin track is about to change. How long can USDC's dominant position last?
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