The latest events and market factors
1. Hacks and frauds related to cryptocurrencies
19-year-old Veer Chetal confessed to participating in the theft of cryptocurrencies worth 245 million USD by impersonating Yahoo!/Google employees, accompanied by an attempt to kidnap the victims' parents, which shocked the digital security market.
Such incidents raise security concerns and may increase demand for custodial services and insured wallets.
---$BTC
2. Large inflows to cryptocurrency ETFs
Inflows to ETFs such as spot BTC, ETH, and recently staked SOL have reached billions of dollars – for example, spot BTC received over 1 billion USD, and total inflows since the beginning of the year are nearly 50 billion USD.
This confirms the growing institutionalization of the market and may stabilize prices.
---$XRP
3. Conferences and token unlocks
All important blockchain events this week: ETHCC8, IVS Kyoto, Bitcoin Alaska, and token unlocks worth 782 million USD – including APEX on July 13 (25 million tokens) – may generate short-term supply and volatility.
---$BNB
4. Sharp drops in altcoins
On the morning of July 6, there was a sudden drop in the value of altcoin tokens SOON, BMT, and CHESS (−37%) without an official reason, highlighting the risk of strong movements in 'smaller' projects.
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5. Macro sentiments and 'whale' activity
The entire cryptocurrency market lost 4–5 billion USD in capitalization, partly due to caution ahead of macro readings (CPI, FED) and large sales by so-called 'whales' (whale transfers).
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🔍 Summary of inflows for today
Security and fraud – rising concerns may support the adoption of security-backed technologies.
Institutionalization – liquidity and stability supported by ETFs and increasing engagement from large players.
Conferences and unlocks – may create short-term quantitative volatility (tokens).
Sudden drops in altcoins – highlight the existence of risk in smaller projects.
Macroeconomics – inflation readings, FED decisions, and actions by large players will be in the spotlight today.
