> JPMORGAN CUTS CIRCLE AND COINBASE FORECASTS OVER HYPERLIQUID DEAL
JPMORGAN DOWNGRADED EARNINGS ESTIMATES FOR CIRCLE AND COINBASE, STATING THEIR NEW AGREEMENT WITH HYPERLIQUID WEAKENS USDC ECONOMICS. COINBASE WILL NOW PAY 90% OF USDC RESERVE YIELDS ON THE PLATFORM TO HYPERLIQUID, INSTEAD OF SPLITTING IT EVENLY WITH CIRCLE. JPMORGAN NOTES THIS CREATES A "PRISONER'S DILEMMA" FOR USDC DISTRIBUTION. HYPERLIQUID CURRENTLY HOLDS ~$6B USDC (8% OF CIRCULATING SUPPLY). — LINK
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JPMORGAN DOWNGRADED EARNINGS ESTIMATES FOR CIRCLE AND COINBASE, STATING THEIR NEW AGREEMENT WITH HYPERLIQUID WEAKENS USDC ECONOMICS. COINBASE WILL NOW PAY 90% OF USDC RESERVE YIELDS ON THE PLATFORM TO HYPERLIQUID, INSTEAD OF SPLITTING IT EVENLY WITH CIRCLE. JPMORGAN NOTES THIS CREATES A "PRISONER'S DILEMMA" FOR USDC DISTRIBUTION. HYPERLIQUID CURRENTLY HOLDS ~$6B USDC (8% OF CIRCULATING SUPPLY). — LINK
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> 🇺🇸 SENATE HAS 24 DAYS TO PASS THE CRYPTO CLARITY ACT BEFORE LEAVING FOR SUMMER RECESS.
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> 🇮🇷🇺🇸 IRAN SAYS ELON MUSK'S STARLINK INFRASTRUCTURE IS A LEGITIMATE MILITARY TARGET.
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> REVIEW: MAJOR INSTITUTIONS' BITCOIN BOTTOM PRICE PREDICTIONS FOR THIS CYCLE
MAJOR INSTITUTIONAL ASSESSMENTS OF BITCOIN’S CYCLE BOTTOM CLUSTER MAINLY IN TWO RANGES: $50,000–$60,000 AND $40,000–$46,000. HOWEVER, SOME FIGURES ARE BASE-CASE BOTTOM FORECASTS, WHILE OTHERS REPRESENT VALUATION FLOORS, SUPPORT LEVELS OR BEARISH SCENARIOS. STANDARD CHARTERED SAID $59,000 MAY HAVE MARKED THE BOTTOM; CRYPTOQUANT, NYDIG AND CITI IDENTIFIED KEY LEVELS NEAR $53,000–$54,000; 10X RESEARCH’S LATEST MODEL POINTED TO $46,628–$50,732; AND GALAXY RESEARCH PLACED ITS BASE-CASE BOTTOM AT $40,000–$46,000.
BITFINEX AND 22V RESEARCH ALSO IDENTIFIED POTENTIAL DOWNSIDE TOWARD $40,000 UNDER WEAKER DEMAND OR A DECISIVE SUPPORT BREAK, WHILE FORECASTS BELOW $40,000 MOSTLY REFLECT PROLONGED BEAR-MARKET, RECESSION OR SEVERE STRESS SCENARIOS. FORECASTS FROM INDUSTRY FIGURES ARE MORE DISPERSED, RANGING FROM AROUND $57,000 TO BELOW $30,000. OVERALL, THERE IS NO UNIFIED INSTITUTIONAL CONSENSUS THAT BITCOIN WILL BOTTOM AT $44,000–$46,000. — LINK
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MAJOR INSTITUTIONAL ASSESSMENTS OF BITCOIN’S CYCLE BOTTOM CLUSTER MAINLY IN TWO RANGES: $50,000–$60,000 AND $40,000–$46,000. HOWEVER, SOME FIGURES ARE BASE-CASE BOTTOM FORECASTS, WHILE OTHERS REPRESENT VALUATION FLOORS, SUPPORT LEVELS OR BEARISH SCENARIOS. STANDARD CHARTERED SAID $59,000 MAY HAVE MARKED THE BOTTOM; CRYPTOQUANT, NYDIG AND CITI IDENTIFIED KEY LEVELS NEAR $53,000–$54,000; 10X RESEARCH’S LATEST MODEL POINTED TO $46,628–$50,732; AND GALAXY RESEARCH PLACED ITS BASE-CASE BOTTOM AT $40,000–$46,000.
BITFINEX AND 22V RESEARCH ALSO IDENTIFIED POTENTIAL DOWNSIDE TOWARD $40,000 UNDER WEAKER DEMAND OR A DECISIVE SUPPORT BREAK, WHILE FORECASTS BELOW $40,000 MOSTLY REFLECT PROLONGED BEAR-MARKET, RECESSION OR SEVERE STRESS SCENARIOS. FORECASTS FROM INDUSTRY FIGURES ARE MORE DISPERSED, RANGING FROM AROUND $57,000 TO BELOW $30,000. OVERALL, THERE IS NO UNIFIED INSTITUTIONAL CONSENSUS THAT BITCOIN WILL BOTTOM AT $44,000–$46,000. — LINK
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> TRUMP: WAS CALLED BY DIFFERENT COUNTRIES THAT SAID WE'D LIKE TO INVEST IN U.S. INSTEAD OF CHARGING FEE FOR STRAIT OF HORMUZ PASSAGE
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> JUST IN: 🇺🇸🇬🇧 US AND UK ANNOUNCE JOINT PLAN TO SUPPORT CROSS-BORDER TOKENIZED ASSETS AND CRYPTO STABLECOINS.
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> JUST IN: 🇺🇸 NEW YORK BECOMES FIRST US STATE TO HALT CONSTRUCTION OF NEW LARGE DATA CENTERS.
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> US-UK TRANSATLANTIC TASKFORCE UNVEILS DIGITAL ASSET ROADMAP PROMOTING STABLECOIN INNOVATION — LINK
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> FRANCE 🇫🇷 VS SPAIN 🇪🇸: YOUR PICK?
THE FIRST WORLD CUP SEMIFINAL IS HERE, WITH A PLACE IN THE FINAL ON THE LINE.
KALSHI HAS FRANCE AT 56%, WITH SPAIN AT 44%.
OVER $100M TRADED—AND THE MARKET IS STILL MOVING.
WHO ARE YOU BACKING? 👇
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THE FIRST WORLD CUP SEMIFINAL IS HERE, WITH A PLACE IN THE FINAL ON THE LINE.
KALSHI HAS FRANCE AT 56%, WITH SPAIN AT 44%.
OVER $100M TRADED—AND THE MARKET IS STILL MOVING.
WHO ARE YOU BACKING? 👇
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> IRAN'S DEPUTY FOREIGN MINISTER SAYS WE CURRENTLY HAVE NO COMMITMENTS WHEN IT COMES TO THE ISLAMABAD MOU WITH U.S.
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> SEC CRYPTO TASK FORCE MEETS HYPERLIQUID POLICY CENTER AND XYZ ON CRYPTO REGULATION
SEC CRYPTO TASK FORCE STAFF MET WITH REPRESENTATIVES OF THE HYPERLIQUID POLICY CENTER, XYZ LTD. AND SULLIVAN & CROMWELL ON JULY 14 TO DISCUSS APPROACHES TO CRYPTO-ASSET REGULATION AND A DOCUMENT COVERING THE HYPERLIQUID PROTOCOL’S TECHNOLOGY, MARKETS AND RELEVANT ECOSYSTEM PARTICIPANTS. THE MEETING WAS REQUESTED BY THE HYPERLIQUID POLICY CENTER, HYPERLIQUID LABS, XYZ AND SULLIVAN & CROMWELL. HYPERLIQUID LABS CONTRIBUTES SOFTWARE DEVELOPMENT TO THE PROTOCOL, WHILE XYZ IS A RESEARCH AND PRODUCT LAB BUILDING ON HYPERLIQUID AND A HIP-3 DEPLOYER FOR TRADITIONAL-ASSET PERPETUAL MARKETS. — LINK
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SEC CRYPTO TASK FORCE STAFF MET WITH REPRESENTATIVES OF THE HYPERLIQUID POLICY CENTER, XYZ LTD. AND SULLIVAN & CROMWELL ON JULY 14 TO DISCUSS APPROACHES TO CRYPTO-ASSET REGULATION AND A DOCUMENT COVERING THE HYPERLIQUID PROTOCOL’S TECHNOLOGY, MARKETS AND RELEVANT ECOSYSTEM PARTICIPANTS. THE MEETING WAS REQUESTED BY THE HYPERLIQUID POLICY CENTER, HYPERLIQUID LABS, XYZ AND SULLIVAN & CROMWELL. HYPERLIQUID LABS CONTRIBUTES SOFTWARE DEVELOPMENT TO THE PROTOCOL, WHILE XYZ IS A RESEARCH AND PRODUCT LAB BUILDING ON HYPERLIQUID AND A HIP-3 DEPLOYER FOR TRADITIONAL-ASSET PERPETUAL MARKETS. — LINK
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> JUST IN: 🇺🇸 US ADVANCES PLANS TO BUILD AN IRAQ‑SYRIA OIL PIPELINE TO BYPASS THE STRAIT OF HORMUZ.
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> IRAN'S IRGC SAYS U.S. 'AGGRESSIONS' WILL HAVE NO RESULT OTHER THAN DELAYING THE OPENING OF HORMUZ STRAIT
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