π The week that was β the narratives shaping the market
You voted: 37% said Bitcoinβs resurgence was *the* defining story. Hereβs the full breakdown π
π Bitcoin climbed back above $64K as ETF inflows returned. In one session, $221.7M flowed into U.S. spot ETFs, ending a 10-day streak of $2.73B in outflows. Another $265.7M poured in the next day, signaling renewed institutional appetite.
βοΈ The βnever sellβ era has ended. Strategy sold 3,588 BTC for $216M β its largest sale in six years β to fund dividends on preferred stock, under a new authorization allowing up to $1.25B in Bitcoin sales. A symbolic shift: the company that championed holding is now liquidating.
π§ XRP surged to $1.18, overtaking USDC to claim the #5 spot in market cap (~$73B). While whales accumulate, retail investors sit at record average losses.
π₯ BONK DAO was exploited for ~$20M via a malicious governance proposal. A stark reminder: governance is a vulnerable surface β vote power is only as secure as the voters behind it.
π€ AI momentum lifted Wall Street semiconductors, with Bank of America highlighting a tectonic shift in capital: declining investments in hyperscalers, surging into chipmakers.
π’ Geopolitical tensions in the Middle East rattled oil and risk markets β an unpredictable variable no model can fully price.
βοΈ The CLARITY Act missed its July 4 signing deadline. The Senate now targets August 7 for final language. Regulation delayed β but not defeated.
πͺπΊ Meanwhile in Europe: Ripple secured a full MiCA license. #CryptoRegulation #BitcoinETF #MiCA
CoreVault
You voted: 37% said Bitcoinβs resurgence was *the* defining story. Hereβs the full breakdown π
π Bitcoin climbed back above $64K as ETF inflows returned. In one session, $221.7M flowed into U.S. spot ETFs, ending a 10-day streak of $2.73B in outflows. Another $265.7M poured in the next day, signaling renewed institutional appetite.
βοΈ The βnever sellβ era has ended. Strategy sold 3,588 BTC for $216M β its largest sale in six years β to fund dividends on preferred stock, under a new authorization allowing up to $1.25B in Bitcoin sales. A symbolic shift: the company that championed holding is now liquidating.
π§ XRP surged to $1.18, overtaking USDC to claim the #5 spot in market cap (~$73B). While whales accumulate, retail investors sit at record average losses.
π₯ BONK DAO was exploited for ~$20M via a malicious governance proposal. A stark reminder: governance is a vulnerable surface β vote power is only as secure as the voters behind it.
π€ AI momentum lifted Wall Street semiconductors, with Bank of America highlighting a tectonic shift in capital: declining investments in hyperscalers, surging into chipmakers.
π’ Geopolitical tensions in the Middle East rattled oil and risk markets β an unpredictable variable no model can fully price.
βοΈ The CLARITY Act missed its July 4 signing deadline. The Senate now targets August 7 for final language. Regulation delayed β but not defeated.
πͺπΊ Meanwhile in Europe: Ripple secured a full MiCA license. #CryptoRegulation #BitcoinETF #MiCA
CoreVault
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π¨ ALERT: The suspected exploiter of Bonzo is now holding $7M in $ETH.
Bonzo has reported a total of $9M missing.
The same wallet received over 920 ETH in under an hour, followed by another 77 ETH less than 40 minutes ago.
CoreVault
Bonzo has reported a total of $9M missing.
The same wallet received over 920 ETH in under an hour, followed by another 77 ETH less than 40 minutes ago.
CoreVault
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πΊπΈ UPDATE: The Bitcoin Policy Institute has stepped into the legal battle over the NYC case, which could classify long-held, self-custodied Bitcoin as abandoned property.
If coins sit untouched for five years, does that mean theyβre lostβor simply held with conviction? Read more. #Bitcoin #SelfCustody #CryptoRights
CoreVault
If coins sit untouched for five years, does that mean theyβre lostβor simply held with conviction? Read more. #Bitcoin #SelfCustody #CryptoRights
CoreVault
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π¨ INSIGHT: The IMF has issued a warning that dollar-pegged stablecoins could trigger bank-like currency runs during times of financial stress. Source #Economics #CryptoRegulation
CoreVault
CoreVault
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π¨ INSIGHT: @Jamie1coutts from @realvision shares what could end the current bear market.
He highlights MicroStrategy's latest capital strategy as a potential catalystβsignaling a shift in market psychology. The idea is that investors now expect MicroStrategy to go to any lengths to survive, as noted by @itsciaranlyons.
"He took on massive risk, played aggressively, and now he's been exposed."
#TRADESECRETS
CoreVault
He highlights MicroStrategy's latest capital strategy as a potential catalystβsignaling a shift in market psychology. The idea is that investors now expect MicroStrategy to go to any lengths to survive, as noted by @itsciaranlyons.
"He took on massive risk, played aggressively, and now he's been exposed."
#TRADESECRETS
CoreVault
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πͺπ¬ UPDATE: Egyptβs current account deficit has more than doubled in the first quarter, reaching $5.1 billion, fueled by a growing trade gap. Imports surged, while exports continued to struggle, deepening the imbalance. Learn more: Economic Outlook Report #Economy #Egypt #TradeDeficit
CoreVault
CoreVault
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π΅π° REGULATION: Pakistanβs cryptocurrency regulator is calling for an open, inclusive dialogue following a religious ruling by Islamic scholars that deems using cryptocurrency for payments incompatible with Islamic principles.
CoreVault
CoreVault
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