📈【July 1st Cryptocurrency Morning Report: Undercurrents Amidst Sideways Movement】
🔥 Core Market News
1️⃣ BTC continues to oscillate in a narrow range of $10,700 - $10,800, with positive news emerging but unable to break the deadlock, and market sentiment remains cautious.
2️⃣ ETH narrowly defends the $2,400 level, quickly rebounding to $2,500 driven by ETF expectations, with institutions increasing their holdings by 4,951 ETH (worth $12.4 million), sending a positive signal.
3️⃣ SOL experiences a rollercoaster market, with ETF news stimulating a rise followed by a decline, suspected to be a pre-positioning by main capital. Focus on the performance of the first U.S. staking crypto ETF listing on Wednesday.
💼 Policies and Market Dynamics
• Musk states: If regulatory legislation passes, he will form a new political party.
• The U.S. plans to include "small crypto tax exemption" in the budget proposal.
• The Justice Department takes strong action against North Korean IT fraud, involving amounts exceeding one million dollars.
• Hut8 launches the world's largest single BTC mining facility, Vega.
• BitMEX data: BTC perpetual contract financing rate plummets 90% over 9 years.
• Democrats push for new regulations: prohibiting officials from profiting from crypto projects.
🌐 Industry Focus Scan
▶ The U.S. Supreme Court dismisses user privacy case appeal.
▶ CME predicts: 79.8% probability of the Federal Reserve remaining unchanged in July.
▶ Former Solana advisor joins X as product head.
▶ Circle plans to establish a national trust bank to strengthen USDC reserve management.
▶ Robinhood launches ETH/SOL staking and token claim services in Europe.
⚠️ Operation Tip: Major cryptocurrencies are in a state of stalemate; it is recommended to pay attention to breakthrough opportunities brought by catalysts such as ETFs, and closely monitor the impact of policy changes on market sentiment.
