For-Exx Kripto

USTC's Current Status
$USTC is the stablecoin of the Terra Classic ecosystem and was previously algorithmically pegged to 1 USD.
Following the systemic collapse in 2022, the peg completely broke. Since then, USTC has traded freely on the open market.
There is currently no active, automatic, or reliable peg mechanism.
What Does Repeg Mean?
A repeg means restoring USTC to its 1 USD value.
However, this is more than just a price increase. It requires a sustainable, transparent, and resilient mechanism capable of maintaining the peg even during periods of market stress.
Proposed Repeg Models
a) Algorithmic Repeg (Redesigned Model)
The most widely discussed approach within the community includes:
A new mint-and-burn mechanism
An oracle system to monitor price deviations
Additional safeguards designed to reduce excessive volatility
The biggest challenge for this model is the loss of trust following the 2022 collapse, along with the risk of another death spiral.
b) Gradual Peg (Soft Repeg)
Several community members consider this a more realistic approach:
Stabilizing the price within a target range first
Setting gradual milestones instead of immediately targeting $1
Reducing the circulating supply in a controlled manner
Rather than restoring the peg overnight, this model focuses on long-term stabilization.
c) Reserve-Backed Hybrid Models
Some proposals include:
Partial reserve backing
Support from on-chain revenue sources such as taxes, transaction fees, and token burns
A hybrid structure without guaranteeing a fully collateralized stablecoin
However, building a sufficiently large and reliable reserve remains a major challenge for the current ecosystem.
Governance and Community Process
Any USTC repeg depends entirely on community governance.
Several repeg proposals have been submitted.
Some have been debated, while others have been rejected.
Most approved proposals have remained at the research or design stage.
There is still no live repeg mechanism operating on the Terra Classic network.
The community has not reached a clear consensus on the best approach.
Technical and Economic Challenges
The biggest obstacles include:
Loss of market confidence
Insufficient reserves
Excessive token supply
Potential speculative attacks during the repeg process
The risk of disrupting the balance between $LUNC and USTC
Until these issues are addressed, restoring a full peg remains extremely difficult.
How Realistic Is a Repeg?
Short term:
Very unlikely.
Medium term:
Gradual stabilization may be achievable.
Long term:
Theoretically possible, but extremely difficult in practice.
The prevailing view across the market is that a full return to the $1 peg remains unlikely.
The Relationship Between USTC and LUNC
Any attempt to repeg USTC would have a direct impact on LUNC's supply and price.
A poorly designed repeg mechanism could introduce new risks for LUNC.
For this reason, validators and developers continue to take a very cautious approach.
Overall Assessment
A USTC repeg is not technically impossible.
However, it is extremely challenging from both an economic and psychological perspective.
It would be a high-risk, long-term process.
As a result, the discussion has shifted away from "Can USTC repeg?" toward a more important question: "Even if it does, can the peg remain sustainable over time?"

🔐 CRYPTO REPORT — JULY 13, 2026
🌐 TODAY'S TOP HEADLINES
Trump announced that the Strait of Hormuz "will remain open, with or without Iran," while introducing a new blockade targeting only Iran.
Iran's Joint Command warned that if the conflict expands, every country in the region will be affected and said the United States would bear full responsibility.
Trump unexpectedly endorsed the CLARITY Act, saying, "In honor of Senator Graham, this bill must pass," delivering the strongest political backing the legislation has received in Congress.
Strategy announced the sale of $466.7 million worth of MSTR shares but did not purchase any Bitcoin afterward. Markets interpreted this as a potential "selling cycle" signal, putting short-term pressure on BTC.
Ripple CEO Brad Garlinghouse revealed that after the SEC lawsuit was filed in 2020, the company seriously considered shutting down Ripple and distributing XRP to shareholders.
Bitcoin experienced a sharp reversal this week, recovering from a low of $57,950 to above $64,000. Selling pressure triggered by Iran-related headlines was later offset by renewed ETF inflows.
Kevin Warsh's first congressional testimony as Fed Chair begins tomorrow at 17:00 TRT before the House Financial Services Committee, just 90 minutes after the June CPI release.
WebX 2026 officially opened today in Tokyo, Asia's largest Web3 conference, focusing on tokenization, DeFi, and institutional adoption.
The June FOMC minutes revealed that several policymakers had already supported a rate hike last month, while AI infrastructure investment was discussed as an inflation factor for the first time.
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₿ BITCOIN
Bitcoin experienced one of its most volatile weeks of the year. Following news of the Iran blockade, BTC fell to $57,950 before rebounding above $64,000 as Bitcoin ETF inflows turned positive after an eight-week outflow streak.
BTC is currently trading around $63,850. Mild selling pressure reflects renewed expectations for future Fed rate hikes. The July 11 short squeeze liquidated approximately $133 million in bearish positions and pushed BTC above $64,000. However, markets are still pricing more than a 65% probability of another rate hike by year-end, creating a significant headwind. Tomorrow's CPI report and Warsh's testimony are expected to determine the next major direction.
🔷 ETHEREUM & ALTCOINS
ETH has clearly outperformed Bitcoin this week. Ethereum ETF inflows remain positive, while expectations surrounding the Glamsterdam upgrade continue to support sentiment.
Whale activity on the XRP Ledger has declined significantly amid ETF outflows and rising geopolitical tensions.
Although Brad Garlinghouse's comments about once considering shutting down Ripple have raised concerns about the company's history, XRP's growing role in institutional real-world asset infrastructure continues to support its long-term outlook.
Strategy's decision to sell shares without purchasing Bitcoin also weighed indirectly on the broader altcoin market, reinforcing concerns that institutional crypto inflows may be slowing.
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📋 KEY CRYPTO NEWS
PUMP faces a $127 million token unlock today, representing approximately 29.23% of its circulating supply. Most recipients are early insiders, making this one of the largest insider unlocks in recent months. Although the team has confirmed plans to purchase 50 billion PUMP tokens, markets will closely monitor whether those purchases are sufficient to absorb selling pressure.
The SEC is expected to finalize three major crypto regulatory proposals by July 2026, covering token offerings, broker-dealer custody requirements, and market structure rules for crypto trading platforms.
Senator Elizabeth Warren announced that she plans to question Kevin Warsh during tomorrow's hearing about potential conflicts of interest related to cryptocurrency holdings.
Bybit unveiled its new Asian expansion strategy during the WebX conference, strengthening its regional focus as regulatory conditions become more restrictive in Europe.
June CPI is expected to come in at 3.8%, down from 4.2% in May, while core inflation is forecast between 2.8% and 2.9%. Lower energy prices support that outlook, although renewed pressure on oil prices from tensions involving Iran remains a key upside inflation risk.
🔓 TOKEN UNLOCKS — JULY 13
ARB — Arbitrum
Approximately 0.9% of circulating supply, worth around $4–5 million.
Selling Pressure: LOW
A routine linear vesting release with limited expected market impact.
STRK — Starknet
Approximately 1.1% of circulating supply, worth around $3–4 million.
Selling Pressure: LOW–MODERATE
Linear emissions continue throughout July. Only about 33.93% of the total supply is currently unlocked, meaning medium-term dilution remains a factor.
Other unlocks:
PIEVERSE → ~$11.4M
Chainbase (C) → ~$1.6M
MY → ~$1.1M
Sei (SEI) → ~$6M
Avantis (AVNT) → ~$4.33M
Gravity (G) → Large cliff-based unlocks for community, team, foundation, seed investors, and other allocations.
Total unlock value: Approximately $8–9 million. No major cliff unlocks today, with the primary supply event remaining the PUMP unlock.
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🔭 OUTLOOK & UPCOMING EVENTS
This week begins with one of the busiest macroeconomic calendars in recent years for crypto markets. Tomorrow's CPI report and Kevin Warsh's congressional testimony will take place within 90 minutes of each other.
Markets expect headline inflation to slow to 3.8%, but renewed pressure on energy prices due to Iran-related developments creates the risk of an upside surprise. A hotter-than-expected CPI could reinforce Warsh's hawkish stance and trigger another wave of selling in Bitcoin. Conversely, softer inflation combined with growing momentum behind the CLARITY Act could fuel a strong short-term recovery.
Two major questions will shape markets this week: Will Warsh strike a hawkish or dovish tone, and can the CLARITY Act gain meaningful momentum before Congress begins its August recess?
Key events to watch:
Tomorrow, 15:30 TRT — June CPI. Consensus: 3.8%. Iran-related energy risks continue to threaten an upside surprise.
Tomorrow, 17:00 TRT — Kevin Warsh's House testimony, beginning just 90 minutes after the CPI release. Questions from Senator Elizabeth Warren regarding crypto holdings and potential conflicts of interest are expected to attract significant attention.
July 15 — Warsh's Senate Banking Committee testimony and the June PPI release.
July 14–16 — Earnings season featuring JPMorgan, Bank of America, Goldman Sachs, Citi, Wells Fargo, Morgan Stanley, and BlackRock.

🔐 CRYPTO REPORT — JULY 11, 2026
🌐 TODAY'S TOP HEADLINES
Mixed signals emerged in U.S.-Iran tensions. Mojtaba Khamenei said in a written message that his father's revenge "will certainly be taken," while Qatar and Oman intensified mediation efforts.
U.S. officials told AP that negotiators have been given limited time to reach an agreement, while confirming that technical discussions are continuing.
Israel launched an attack on the village of Al-Mansur in southern Lebanon, outside Israel's designated security zone, signaling that ceasefire tensions are spreading to the Lebanese front.
U.S. spot Bitcoin ETFs recorded $90.44 million in net inflows on July 10, marking a second consecutive day of inflows after an eight-week outflow streak.
HYPE was added to the Bitwise 10 Crypto Index ETF with a 0.95% weighting, marking its first inclusion in a major institutional index product.
21Shares stated that Bitcoin is following a cycle similar to previous post-halving periods and reaffirmed its $100,000 year-end price target.
The IMF warned that U.S. dollar stablecoins could accelerate currency crises, adding a new dimension to global regulatory discussions.
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₿ BITCOIN
BTC continues to hold between $64,000 and $65,000. Around $132 million in liquidations occurred over the past 24 hours, with the vast majority coming from short positions, indicating strong upward pressure on price.
On-chain accumulation signals remain intact, although renewed tensions in Iran continue to support a geopolitical risk premium.
21Shares believes Bitcoin is following previous halving cycles and expects it to return to $100,000 by year-end.
The $70,000 level remains the key technical resistance to watch in the coming days.
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🔷 ETHEREUM & ALTCOINS
HYPE's inclusion in the Bitwise 10 Crypto Index ETF strengthens its institutional appeal, as index inclusion typically leads to passive fund inflows.
DOGE is attempting to hold above the critical $0.070 support level, which analysts continue to identify as a key technical floor.
ARB remains strong following the decision to direct 10% of Robinhood Chain ecosystem fees toward the network.
AVAX, meanwhile, remains relatively quiet in July's news flow.
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📋 KEY CRYPTO NEWS
The security incident within the Hedera HBAR ecosystem is believed to be linked to the DeFi platform Bonzo Finance. Around $5 million transferred to Ethereum by the attackers is being tracked on-chain. An official statement from the project team is still pending.
Five Democratic senators have called for a committee hearing regarding Trump's cryptocurrency holdings, bringing political polarization further into the crypto regulatory debate.
The growing preference for self-custody among Binance EU users during the asset withdrawal process reinforces the trend of European crypto investors moving away from centralized exchanges.
Lite Strategy announced a $1 million investment in LitVM, a platform within the Litecoin ecosystem.
Earnings season begins tomorrow, with JPMorgan, Bank of America, Goldman Sachs, Wells Fargo, and Citi all reporting on the same day. Markets will closely watch their crypto exposure and comments on risk appetite.
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🔓 TOKEN UNLOCKS — JULY 12
PUMP — Pump.fun | July 12, 01:00 TRT
82.5 billion PUMP worth approximately $127–135 million.
Represents 20–29% of the circulating supply.
The team has confirmed plans to purchase 50 billion PUMP.
Selling Pressure: HIGH
This is by far the largest token unlock of the week.
Its impact on the memecoin sector and the Solana ecosystem is expected to be significant. The key question is whether the team's purchases will absorb enough of the selling pressure.
APT — Aptos | July 12, 18:30 TRT
11.31 million APT worth approximately $7–7.15 million.
Represents 1.31% of the total supply.
Distribution includes core contributors, the community, and investors.
Selling Pressure: LOW
The unlock is relatively small and is expected to have limited market impact.
BB — BounceBit | July 12
Approximately $700,000.
Selling Pressure: LOW
Near the reporting threshold. Worth monitoring, but expected to have minimal market impact.
Total unlock value: Approximately $135–143 million, with nearly all of it coming from PUMP.
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🔭 OUTLOOK & UPCOMING EVENTS
Tomorrow brings two major market catalysts simultaneously: the PUMP token unlock and the start of earnings season.
The approximately $135 million PUMP unlock is expected to create pressure across the Solana ecosystem. How much of that pressure is absorbed by the team's planned purchases will be a key factor throughout the day.
At the same time, earnings from major U.S. banks and updates on their crypto ETF exposure and overall risk appetite could determine whether Bitcoin is able to maintain support above $65,000.
Meanwhile, geopolitical risks remain balanced in both directions. Successful mediation efforts by Qatar and Oman could improve market sentiment, while any escalation following Mojtaba Khamenei's revenge message could trigger another wave of selling.
Key events to watch this week:
Earnings season begins with JPMorgan, Bank of America, Goldman Sachs, Wells Fargo, and Citi. Their crypto-related disclosures and market commentary could influence overall sentiment.
July 14, 15:30 TRT — June CPI. Inflation was 4.2% in May, with expectations for June ranging between 3.8% and 4.0% as energy prices eased. Renewed tensions involving Iran could push those expectations higher, making this the most important data release ahead of the Fed's July 28–29 meeting.
July 15 — Morgan Stanley and BlackRock earnings.
July 16 — TSMC and Netflix earnings.

人工知能（AI）業界の2大企業であるOpenAIとAnthropicは、米国の証券取引所での上場に向けて公式に最初の一歩を踏み出した。両社は米国証券取引委員会（SEC）に対してS-1の登録届出書を機密扱いで提出しており、投資家の関心は、今後の潜在的なIPO日程のほか、見込まれる評価額、そしてこれらの上場がテクノロジー分野全体にもたらし得るより広範な影響へと移っている。
完了すれば、これらの取り組みは近年の歴史における最大級のテクノロジーIPOの一つに数えられる可能性があり、AI業界だけでなくグローバルな資本市場にとっても大きな節目となるだろう。

Over the past decade, the crypto asset ecosystem has emerged as one of the fastest-growing areas of technological innovation. However, its progress in corporate governance and investor communication has not kept pace. In particular, when markets face sharp price movements, security breaches or technical disruptions, the communication strategies adopted by many projects and platforms often deepen uncertainty rather than reinforce investor confidence.
The recent sharp price movement involving the TAC token has once again brought this issue into focus. Regardless of the underlying cause, the prolonged absence of an official statement created an information vacuum that quickly gave way to speculation, unverified claims and growing investor anxiety.
The critical issue is not the market event itself, but how communication is managed during periods of crisis.
Uncertainty is an inherent feature of financial markets. What determines investor confidence is not whether uncertainty exists, but how it is addressed. In traditional capital markets, publicly listed companies are expected to inform investors as promptly as possible following extraordinary price movements, operational disruptions or cybersecurity incidents. This obligation stems not only from regulatory requirements but also from the broader responsibility to preserve market integrity.
In crypto asset markets, however, comparable standards are often absent.
For many projects and service providers, the initial response is not transparent communication but silence. Yet every minute without reliable information encourages market participants to rely on unverified sources, allows social media speculation to influence price discovery and increases the likelihood of irrational investor behavior.
Transparency is not simply about communicating positive developments. Its true value becomes evident during periods of uncertainty. Even when technical investigations are still underway, informing the public that an investigation is in progress and providing regular updates can significantly reduce information asymmetry and help stabilize market sentiment.
Responsibility, however, does not rest solely with project teams.
Centralized cryptocurrency exchanges also occupy a critical position as the primary point of contact for millions of investors. When listed assets experience abnormal price movements, security concerns or operational issues, timely communication is essential to maintaining market confidence. While exchanges cannot reasonably be expected to bear responsibility for every incident involving a listed asset, their role in coordinating information and guiding investors places an important communication responsibility upon them.
The crypto industry has spent years seeking broader participation from institutional investors, traditional financial institutions and regulators. Achieving this objective will require more than technological innovation alone. Institutional participants increasingly evaluate governance standards, crisis management capabilities, transparency and accountability alongside technological fundamentals.
Ultimately, the defining question for the industry's future is not how high asset prices can rise, but how effectively institutions maintain trust when markets come under stress.
Trust remains the most valuable asset in any financial system. Security breaches, technical failures and market shocks can eventually be overcome. However, delayed disclosures, unanswered questions and prolonged silence can inflict lasting damage on investor confidence and the credibility of institutions.
For crypto asset markets to mature into a sustainable financial ecosystem, transparency, accountability and consistent investor communication must no longer be viewed as optional best practices. They should be recognized as fundamental principles of sound governance. Technology alone cannot build trust; lasting confidence depends on the integrity and transparency of the institutions behind it.
$TAC $BTC

July 13–17, 2026 | Weekly Risk Calendar (UTC +3)
🎯 Main Theme of the Week
This could be a defining week for the Warsh era. On Tuesday, markets will see whether June CPI marks the first meaningful decline from May's 4.2% inflation peak, while Fed Chair Kevin Warsh testifies before Congress on the same day. The pattern repeats Wednesday with PPI and Warsh's Senate testimony. Over two consecutive days, Warsh will appear before both the House and Senate, where lawmakers are expected to question Fed independence, the dot plot decision, and the future rate path. Following the Iran agreement, gasoline prices fell roughly 10% in June, providing the first meaningful signal of energy-driven disinflation. The reopening of the Strait of Hormuz could also be completed this week, meaning any energy-related headline could quickly reshape inflation expectations.
📅 Economic Calendar (TRT Only)
All dates and times below have been confirmed through official sources.
Tuesday – July 14
🇺🇸 15:30 TRT — June 2026 Consumer Price Index (CPI)
Confirmed by the official BLS calendar. Headline inflation was 4.2% in May, while June consensus stands around 3.8%. The Cleveland Fed nowcast projects 3.96%. Both estimates suggest inflation is easing from May's peak, mainly because gasoline prices fell about 10%. Markets will closely watch core CPI, which stood at 2.9% in May. If services inflation remains sticky, the narrative may become "energy prices are lower, but inflation remains persistent," limiting Warsh's policy flexibility.
🇺🇸 17:00 TRT — Warsh Congressional Testimony I — House Financial Services Committee
Warsh's first congressional testimony as Fed Chair comes just hours after the CPI release. Lawmakers are expected to question why the Fed maintained the dot plot, whether tariffs and the Iran agreement have changed the policy outlook, how long rates may remain at 3.5%, and how Warsh intends to preserve Federal Reserve independence.
Wednesday – July 15
🇺🇸 15:30 TRT — June 2026 Producer Price Index (PPI)
Confirmed by the official BLS calendar. Producer prices reached their highest annual reading since November 2022 in May, driven largely by energy costs. Continuum Economics expects flat monthly PPI with energy prices declining around 7%. Markets will assess whether PPI confirms or contradicts Tuesday's CPI report.
🇨🇦 16:45 TRT — Bank of Canada Interest Rate Decision & Monetary Policy Report
🇨🇦 17:30 TRT — Governor Macklem Press Conference
Confirmed by the Bank of Canada. Rates are expected to remain at 2.25%. Investors will focus on how falling energy prices affect the BoC's outlook and whether the reopening of the Strait of Hormuz changes its assessment of Canada's economy.
🇺🇸 17:00 TRT — Warsh Congressional Testimony II — Senate Banking Committee
Confirmed by Kiplinger. Senate hearings are typically more technical than House hearings. Markets will watch whether Warsh's tone changes following the CPI and PPI releases.
Thursday – July 16
🇺🇸 15:30 TRT — June Advance Retail Sales
🇺🇸 15:30 TRT — Weekly Initial Jobless Claims
Confirmed by the U.S. Census Bureau. Following June's weak 57,000 payroll increase, investors will watch whether consumer spending also begins to weaken.
Friday – July 17
🇺🇸 17:00 TRT — Preliminary University of Michigan Consumer Sentiment
Confirmed by Advisor Perspectives. Consumer sentiment improved to 49.5 in June from 44.8 in May, with consensus expecting 51.5 for July. Lower gasoline prices may improve confidence, while weaker employment data could offset that optimism.
⚡ Crypto & Market Risks
Tuesday — CPI + Warsh: A softer CPI combined with a dovish Warsh could sharply reduce rate hike expectations and trigger a strong rally in risk assets. A softer CPI with a hawkish Warsh would likely create mixed signals and elevated volatility. A hot core CPI alongside a hawkish Warsh would strengthen the U.S. dollar, raise rate hike expectations, and pressure crypto markets.
Wednesday — PPI + Warsh II + BoC: Three major events occur on the same day. A stronger-than-expected PPI could reverse Tuesday's optimism. A dovish BoC could weaken the Canadian dollar, strengthen the U.S. dollar, and add pressure to crypto markets. Any meaningful shift in Warsh's tone compared with Tuesday could also trigger significant volatility.
Thursday — Retail Sales: Weak consumer spending after June's disappointing payroll report would reinforce expectations that the Fed may delay further tightening, potentially supporting crypto. Strong retail sales would strengthen the case that the economy remains resilient and give Warsh greater flexibility to maintain a hawkish stance.
Strait of Hormuz: The 30-day implementation period is expected to conclude this week. Confirmation that the Strait has fully reopened could trigger sharp moves in energy prices, reshape inflation expectations, and quickly overshadow this week's macroeconomic data.
$BTC $XRP

Hedera（ $HBAR ）エコシステムは大規模なセキュリティインシデントの被害を受け、暗号資産が500万ドル超盗まれたと報告されている。オンチェーンデータは、攻撃者が盗んだ資金をHederaからイーサリアムへブリッジしたことを示しており、初期の調査結果では、この悪用はDeFiレンディングプロトコルBonzo Financeに関連している可能性がある。
盗まれた資金がイーサリアムに移動
ブロックチェーン調査員によると、攻撃者はLayerZeroを使用してHederaからイーサリアムへ資産を移送したという。盗まれたWrapped Bitcoin（WBTC）はその後、Ether（ETH）にスワップされた。

🔐 CRYPTO REPORT — JULY 10, 2026 ━━━━━━━━━━━━━━━━━━━━━━━━━
🌐 TODAY'S TOP HEADLINES
Iran reopened the door to diplomacy. According to the New York Times, Qatar has re-engaged with the United States, while Vice President Vance, Steve Witkoff, and Jared Kushner are coordinating with Qatari officials to strengthen negotiations.
A U.S. official also confirmed that technical talks are continuing and that both sides remain committed to finding a diplomatic solution.
Bitcoin rebounded more than 3% from yesterday's lows, while the total crypto market capitalization gained 2.4%.
Standard Chartered reaffirmed its $100,000 Bitcoin target, calling current price levels "a screaming buying opportunity."
Bitcoin's consolidation between $60,000 and $70,000 has become the third-longest trading range in its history.
Digital assets posted a third consecutive quarterly loss in Q2 2026, marking the longest losing streak since the 2022 bear market.
Institutional capital continued rotating into AI stocks, while Bitcoin ETFs recorded their largest quarterly outflows on record.
BlackRock transferred approximately 951.5 BTC, worth about $59 million, to Coinbase Prime.
SWIFT began testing a blockchain-based 24/7 payment system with 17 major international banks.
Japan is debating the repatriation of GPIF's $1.87 trillion portfolio, strengthening the yen and raising questions about global liquidity.
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₿ BITCOIN
BTC recovered to the $64,000 range as geopolitical tensions eased slightly, while a widely followed momentum indicator turned bullish.
The Fear & Greed Index improved from 22 to 23, remaining in extreme fear but showing early signs of recovery.
Standard Chartered's bullish outlook and BlackRock's Coinbase Prime transfer point to continued institutional activity. However, the third consecutive quarterly loss and uncertainty surrounding Japan's GPIF remain key risks. Major support lies between $60,000 and $62,000, while $65,743 is the first major resistance.
🔷 ETHEREUM & ALTCOINS
Robinhood Chain exploded in its first week, with daily DEX volume surpassing $560 million and active addresses approaching 200,000. It overtook Base to become the second-largest Uniswap deployment. The momentum pushed ARB up more than 15%, while Robinhood Chain and other Arbitrum Layer-2 networks will direct 10% of ecosystem transaction fees toward token treasuries.
More than $70 million flowed into Robinhood Chain from Ethereum during its first week.
Wells Fargo increased its positions in Strategy, ETH, and SOL.
Stablecoin supply on Solana has quadrupled since early 2025, reaching $14.75 billion.
AAVE gained 6% after launching its Stable Vaults product.
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📋 KEY CRYPTO NEWS
BitGo introduced a quantum-resistant Bitcoin wallet security solution designed to protect institutional investors from future quantum computing threats.
A new U.S. digital asset bill aimed at providing regulatory clarity is expected next week, with the CLARITY Act set to return to the Senate agenda after recess.
Zcash announced that its Ironwood upgrade will go live on mainnet on July 28.
Hong Kong's SFC urged brokers and crypto platforms to replace one-time passwords (OTP) with stronger authentication methods to reduce fraud risks.
SK Hynix's U.S. ADR will begin trading on Nasdaq today as one of the largest IPOs of 2026.
Dallas Fed President Logan is scheduled to speak today, with markets closely watching for monetary policy comments.
🔓 TOKEN UNLOCKS — JULY 11
IO (io.net) — 3.9% of circulating supply (~$2.53M). Selling pressure: LOW-MODERATE 🟡
ALLO (Allo Protocol) — 8.6% of circulating supply (~$2.84M). Selling pressure: MODERATE 🟡
IMX (Immutable) — 1.14% of circulating supply (~$1.20M). Selling pressure: LOW 🟢
Other smaller unlocks:
CARV (~$275K-400K), Magic Eden (ME) (~$435K), RAIN (~$17.8M), Delysium (AGI) (~$179K), Holoworld AI (HOLO) (~$2.39M), Nereus (NRS) (~$1.17M), and Moca Network (MOCA) (~$2.53M).
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🔭 OUTLOOK & UPCOMING EVENTS
Two opposing forces are shaping the market. On one side are renewed Iran diplomacy, Standard Chartered's bullish Bitcoin outlook, and Robinhood Chain's rapidly expanding ecosystem. On the other are digital assets' third consecutive quarterly loss, uncertainty surrounding Japan's GPIF, and the upcoming $134.6 million PUMP token unlock on July 12.
Near-term direction will largely depend on whether diplomatic progress with Iran continues and how earnings season influences institutional sentiment toward digital assets.
Key events to watch:
July 12 — PUMP unlock (~$134.6M): Potential impact on the Solana ecosystem.
July 14 — June CPI: The most important macroeconomic release before the July FOMC meeting.
July 14 — Earnings season begins: JPMorgan, Bank of America, Goldman Sachs, Wells Fargo, and Citi report on the same day. Markets will watch for comments on crypto exposure and risk appetite.
July 15 — Morgan Stanley and BlackRock earnings: BlackRock's outlook for IBIT and broader growth expectations will be closely monitored.
July 16 — TSMC, Netflix, and UnitedHealth earnings: Technology and healthcare results could influence overall market risk sentiment.

🔐 CRYPTO REPORT — JULY 9, 2026 ━━━━━━━━━━━━━━━━━━━━━━━━━
🌐 TODAY'S TOP HEADLINES
Traffic through the Strait of Hormuz nearly came to a complete halt today.
The White House said it is preparing for a conflict that could last several days or even weeks. The U.S. military also announced it is ready to reimpose the blockade if ordered.
Qatar's Prime Minister said they support all efforts aimed at preventing further escalation.
Mediator countries are working to bring Iran and the United States back to the negotiating table.
Iran described U.S. attacks on civilian infrastructure as serious war crimes and suspended talks with the United States.
Bitcoin spot ETFs recorded $85 million in net outflows on Wednesday, while ETH ETFs posted net inflows.
BlackRock resumed buying BTC through IBIT over the past two days, purchasing approximately $250 million worth of Bitcoin, signaling renewed institutional demand near key price levels.
Paradigm raised a new $1.2 billion fund for artificial intelligence and crypto infrastructure projects.
South Korea's Mirae Asset Group became the first traditional financial institution in the country to acquire a cryptocurrency exchange.
Sony received conditional approval in the United States to establish a bank focused on stablecoin issuance.
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₿ BITCOIN
BTC continues to hold above $62,000, with its reaction to escalating geopolitical tensions remaining relatively limited. The market is increasingly pricing war-related shocks as an interest rate story, with Bitcoin now moving more closely alongside short-term U.S. Treasury yields than traditional safe-haven assets. As the two-year U.S. Treasury yield approaches its 2026 high, the U.S. dollar continues to strengthen, keeping pressure on BTC. However, the $60,000 level remains a critical support. Holding above this level despite escalating tensions could strengthen the case for capital rotating from gold into Bitcoin.
Most of the $272 billion in liquidations over the past 24 hours came from long positions.
🔷 ETHEREUM & ALTCOINS
ETH has been the week's strongest major asset, gaining 5.7% over the past seven days while inflows into Ether ETFs continued.
Bitmine purchased approximately 40,000 additional ETH, bringing its holdings to around 4.8% of total supply. Tom Lee reiterated that "we are still in the early stages of crypto spring," further supporting Ethereum's weekly performance.
HYPE gained 5.9% on the week as growing demand for tokenized commodity products during geopolitical uncertainty continued to support the ecosystem.
Solana remains the only major asset posting a weekly loss, with SOL trading around the $77 level.
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📋 KEY CRYPTO NEWS
Wells Fargo disclosed major investments in crypto ETFs, including BlackRock's IBIT and ETHA, while confirming significant positions in MicroStrategy and other crypto-related equities. The bank reduced its holdings in Coinbase and Galaxy Digital while restructuring several Bitcoin ETF positions.
MARA acquired 1,200 acres of land in Texas for AI infrastructure. Its shares rose more than 12% as the company plans to build an integrated digital campus for Bitcoin mining and high-performance computing.
Binance is holding discussions with European regulators on new licensing options after withdrawing its Greece MiCA application.
U.S. Senator Elizabeth Warren warned that the Transparency Act may contain loopholes that could enable sanctions evasion.
Circle refused to burn and reissue 381,000 USDC stolen in a 2025 fraud case and now faces allegations of failing to comply with a Wisconsin court order, a case that could become an important legal precedent for stablecoins.
🔓 TOKEN UNLOCKS — JULY 10
RAIN → ~$660M–793M USD (largest)
VELVET → ~$3.8M–14.6M USD
HOME → ~$3.5M–7.5M USD
FLR (Flare) → ~$7.55M USD
MOVE (Movement) → ~$1.85M USD
LINEA → ~$0.975M–1.93M USD
W (Wormhole) → ~$489K USD
RESOLV → ~$43K USD
Additional smaller unlocks (CARV, SOIL, ALLO, etc.) are also scheduled.
Key unlocks to watch this week:
PUMP — Pump fun — July 12, 01:00 TRT
~82.5B PUMP worth approximately $134.6M, equal to 29.23% of circulating supply. The team is confirmed to receive 50B PUMP.
Selling Pressure: HIGH 🔴
By far the largest unlock of the week.
APT — Aptos — July 12, 18:30 TRT
~11.31M APT worth approximately $7.15M, equal to 0.54% of total supply. Distribution will go to core contributors, the community, and investors.
Selling Pressure: LOW 🟢
Despite Aptos' April 2026 tokenomics reform (2.1B hard cap and 100% gas burning), this unlock is relatively small and is expected to have limited market impact.
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🔭 OUTLOOK & UPCOMING EVENTS
The market's primary conflict remains clear: if the Strait of Hormuz closes, oil prices surge, inflation expectations rise, the probability of further Fed rate hikes increases, and Bitcoin comes under additional pressure.
On the other hand, BlackRock's $250 million Bitcoin purchases, Paradigm's $1.2 billion fund, and continued institutional ETF inflows indicate that the market's underlying demand remains intact.
In the short term, geopolitical developments will remain the dominant driver. Any escalation or ceasefire headlines related to the Strait of Hormuz could trigger sharp moves in either direction.
Key events to watch this week:
July 12 — PUMP unlock (~$134.6M): Impact on the Solana ecosystem and the memecoin sector.
July 14 — June CPI: The most important macroeconomic release ahead of the July 28–29 FOMC meeting. Following May's 4.2% inflation reading, this report could significantly reshape expectations.
Ongoing: Developments surrounding traffic through the Strait of Hormuz and diplomatic mediation efforts, which could influence markets even before the CPI release.

FOMC議事要旨 – 2026年7月8日 | 21:00（UTC+3）
明日のFOMC議事要旨は、6月16〜17日の会合分を扱う。委員会はフェデラル・ファンド金利を3.50%〜3.75%で据え置いたが、予想では2026年末に向けて急な分岐が示された。18人の参加者のうち9人は年末までに少なくとも1回の利上げを見込んだが、8人は据え置きを見込み、1人は利下げを見込んだ。一方、FRB議長のケビン・ウォーシュはドットプロットの予想を提出することを見送っており、2012年以来初めて、ドットプロットを提示しないFRB議長となった。市場では現在、この「9対9」に分かれた理由が何なのか注目している。

ワシントンでの官僚間の争いが、ドナルド・トランプ大統領の親クリプト政策の主要な柱の1つを遅らせている。
提案されている戦略的ビットコイン準備（Strategic Bitcoin Reserve）の法的基盤をめぐる不確実性が再び高まる中でも、ビットコインは月曜日に上昇し、投資家がこの問題を当面の価格の引き金というより長期的な構造問題として見ていることを示唆した。米政府は2 0億ドル超のビットコインを保有しており、財務省または商務省が関与するような決定は、ワシントンが世界有数のビットコイン保有国であることから、需給（供給）動学に大きな影響を及ぼし得る。