JamesL0111

Bitcoin’s average daily spot trading volume over the past 30 days was about $5.1 billion, roughly 29% lower than the average of about $7.2 billion since 2019. In other words, the price briefly broke above $66,000, but there are no signs that general spot buy orders have amplified in sync, making the foundation for the rebound seem insufficiently solid.
Trading direction also remains skewed toward sellers. Over the past month, sellers’ average daily market orders exceeded buyers by about $70 million; in the past week, this narrowed to about $59 million, but it still remains above the historical

OnchainLens, a on-chain data monitoring account, quoted Arkham data showing that on the 23rd, the well-known crypto asset management firm Abraxas Capital (Heka Funds) transferred crypto assets worth a total of $223 million to major exchanges within a brief 7-hour window. After deducting withdrawals made during the same period, the net inflow was as high as $197 million. This included more than 2,200 BTC and 30.8k ETH. The massive whale transfer triggered lively discussion in the community about potential short-term sell pressure in the market.

The choice options fund flows for Coinbase, Robinhood, IBIT, and Strategy are all showing, indicating that the market is re-evaluating the rebound potential of crypto assets. However, IBIT is still seeing more call option sell transactions, reflecting that although investors are becoming more optimistic, they still maintain a certain degree of caution as to whether this rally can develop into a more sustained recovery.

Bitmine (NASDAQ: BMNR), the public company with the largest holdings of Ethereum worldwide, continued to step up its buying spree last week, purchasing more than 27,000 ETH and increasing its holdings to 5.77 million. Company chairman Tom Lee also said that with the launch of Robinhood Chain, more and more users are starting to see Ethereum as “money,” not just an investment asset.

The CEO of the largest Bitcoin reserve company Strategy, Phong Le, posted on X today (the 27th), saying that artificial intelligence (AI) is forming a self-reinforcing “doom loop,” while Bitcoin is a self-healing “positive loop” (self-curing do loop). He believes that Bitcoin’s positive effects will ultimately outweigh the potential threats posed by AI.

On July 8 in the early morning, Bitcoin (BTC) saw a new wave of strong buying, with the price surging rapidly in a short period, breaking through the key $64,000 mark. Ethereum (ETH), the second-largest indicator in the market, also followed suit, driven by massive capital inflows, simultaneously pushing past the $1,800 defense line, boosting overall sentiment in the cryptocurrency market.
**Derivatives market bleeds profusely, 106k traders liquidated**
This recent violent price surge has exacted a heavy price on traders who attempted to "short the top" at resistance levels. The "fuel effect"

Julio Moreno emphasizes that whenever such a massive wave of asset transfers occurs, it is usually accompanied by market volatility and intensified directional movements. In his report, he analyzes:
Under the current level of capital inflows, the market is absorbing a large amount of Bitcoin being re-transferred to exchanges. Historically, this phenomenon often serves as a precursor to a major directional shift in the market.

Non-farm payrolls come in as a surprise disappointment, becoming an excellent catalyst for the crypto market! In Taiwan time on the evening of the 2nd day, driven by U.S. June non-farm employment data coming in far below expectations, market expectations for the Federal Reserve’s tightening policy cooled sharply, sparking a wave of “revenge” buying across the cryptocurrency market. Bitcoin surged past $62,000, while Ethereum climbed above the $1,700 level. However, this sudden rally also left the shorts unprepared—within 24 hours, the total liquidation amount across the entire network exceeded

Over the past decade, Bitcoin's median return in June was 2.5%, with half of the Junes closing in the green; July is the strongest performing month of summer, with a median return of 8.1%. However, August saw declines in seven of the past ten years, and September also fell in six of those years.

Prevent financial disintermediation: reserves must be placed in Hong Kong banks
In response to market concerns that the widespread adoption of licensed stablecoins could lead to a large outflow of funds from the traditional banking system (i.e., the risk of "financial disintermediation"), thereby affecting loan and liquidity ratios, Christopher Hui offered a dose of reassurance. He emphasized that the HKMA had fully assessed this risk when designing the framework and had set up strict firewall measures.
Under the regulations, licensed issuers must hold qualifying "reserve assets" such as bank

Hong Kong is entering the deep water zone of regulatory implementation on its path to building a global Web3 hub. With the Stablecoin Ordinance taking effect in August 2025 and the Hong Kong Monetary Authority (HKMA) issuing issuer licenses to two bank-backed institutions this April, the first batch of compliant stablecoins is set to debut in the second half of the year.

Trump, who once scoffed at cryptocurrency, made a dramatic U-turn during the 2024 campaign, enthusiastically embracing this emerging technology. He not only deeply tied his personal business empire to digital assets but also maintained close ties with the crypto industry after returning to the White House, even leading the federal government and appointed officials to comprehensively promote policies that embrace the crypto community.

Trump also holds a considerable amount of crypto assets through 'CIC Digital LLC', one of the two parent companies of the meme coin business (also a subsidiary of the Trump Organization), including:
Over $50 million in Bitcoin;
$25 million in Ethereum;
$25 million in USDC;
Equity in CoreWeave, a Bitcoin mining company that has transformed into an AI computing power provider;
Equity in a 'stablecoin holding company' held through another company 'DT Marks SC LLC.' This investment is closely related to funds from Abu Dhabi royal member Sheikh Tahnoon bin Zayed Al Nahyan, and the holding company g

The filing documents further reveal Trump's asset allocation. Through the Trump Organization's affiliate "DT Marks Defi LLC," which is also a major shareholder of World Liberty Financial, Trump holds up to $250k in fiat currency, approximately $15k in USDC, over $50 million each in Ethereum and Bitcoin, as well as a total of around $250k in other various crypto assets.

According to the 2025 financial disclosure released Tuesday by the U.S. Office of Government Ethics (OGE), Trump’s meme coin “$TRUMP ,” issued on the eve of his return to the White House, brought him as much as $635 million in licensing fees alone. In addition, the token sale of World Liberty Financial ($WLFI ) also brought him in excess of $500 million. Although the company is currently actively seeking approval from U.S. regulators, Trump’s holdings have already sparked strong public doubts about conflicts of interest.

As the cryptocurrency industry hits a low point, U.S. President Donald Trump is flush with cash. The latest financial disclosure reveals that over the past year, while actively promoting cryptocurrency-friendly policies, Trump has easily pocketed over $1 billion in wealth through token sales and royalties.

In terms of the technological ecosystem, the trend of "the strong getting stronger" is becoming increasingly evident among Ethereum Layer 2 networks. Currently, the three major players—Base, Arbitrum, and Optimism—account for 83% of the total value locked in Layer 2 DeFi, highlighting the phenomenon of market liquidity concentrating toward a handful of top-tier platforms.

In the DeFi market, the total value locked (TVL) remains around $140 billion, showing little change compared to the beginning of the year, far below the $300 billion initially expected by 21Shares. The report mentions that frequent security incidents such as hacker attacks and smart contract vulnerabilities are still major obstacles preventing substantial capital inflows into the DeFi market.

In response to the shrinking asset under management, 21Shares explained that this is mainly due to price volatility rather than a massive wave of market liquidations. In fact, although U.S. Bitcoin spot ETFs have experienced net outflows of approximately $3 billion, the actual allocation level of Bitcoin remains close to the highest point of this cycle.

Data shows that as of May 2026, the global cryptocurrency ETP assets under management (AUM) stand at approximately $140 billion, down about 15% since the beginning of the year; total holdings have reached 1.25 million bitcoins, a slight decline of about 8% from the previous peak.