📅 7.03 Crypto Morning Report | Market Divergence Intensifies, Key Signals Cannot Be Ignored
1️⃣ BTC: Independent Market Continues, BlackRock ETF Outperforms S&P 500
Bitcoin enters a self-cycle mode, decoupling from US stocks—when US stocks fall, it rises; when US stocks rise, it consolidates, continuing range-bound fluctuations. Notably, the returns of BlackRock's Bitcoin ETF have surpassed its flagship S&P 500 fund, indicating a quiet shift in institutional allocation logic.
2️⃣ ETH: Intense Bull-Bear Tug-of-War, Vitalik's Rare Warning
After ETH hit $2600, it faced strong resistance from the bears, yet giants like Coinbase and Robinhood are still quietly increasing their holdings. The contradiction lies in Vitalik's public warning: "If decentralization becomes just a slogan, ETH will face a crisis"—the rift between ecological faith and reality is worth noting.
3️⃣ SOL: Massive ETF Trading Behind, Capital Gambling Continues
On its first day, SOL ETF trading volume soared to $30 million but failed to boost the coin's price, with market reaction being tepid. However, DeFi Development Corp's additional $112 million investment indicates that institutional long-term bets on Solana remain strong.
🔥 Key Industry Dynamics
Ondo Finance launches on-chain US stock platform this summer, adding a heavyweight player to the RWA sector.
Ripple is racing towards obtaining a national bank license in the US, accelerating the compliance process.
The Trump family sees a surge in crypto income: $620 million accounts for 10% of net worth, deepening the ties between politics and crypto interests.
Regulatory games escalate: The American Financial Association pressures the SEC to halt tokenized stocks, and the FHFA director calls for Congress to investigate Powell.
⚠️ Today's Warning
Non-farm payroll data will be released tonight, coupled with the US stock market being closed on Friday, sudden changes in market liquidity may trigger sharp fluctuations. Remember: the more chaotic the market, the more discipline is needed—take profits without greed, hesitation can lead to losses.
