For-Exx Kripto

🔐 END OF DAY MARKET REPORT — July 29, 2026
🌐 TODAY'S TOP HEADLINES
According to Bloomberg, Trump is unlikely to back down in the Strait of Hormuz until Iran gives in. Iran continues to control the strait and demand transit fees, while officials expect low-level hostilities to continue for some time.
Trump told Fox: "We will hit Iran hard," but added that negotiators will continue talks.
Airstrikes resumed overnight in the region, renewing the geopolitical risk premium.
The KOSPI index has lost more market value over the past 29 trading days than Bitcoin's entire market capitalization.
JPMorgan expects the Fed to leave interest rates unchanged, with a hawkish hold (50% probability) as its base-case scenario.
Ionic Digital shares surged 25% on their Nasdaq debut.
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₿ BITCOIN
BTC is attempting to recover within the $63,900-$64,500 range ahead of the FOMC decision. After testing support below $63,000 yesterday, it has rebounded about 1% but has yet to reclaim the $65,000 level. The Fear & Greed Index stands at 28, remaining in the Fear zone.
The FOMC decision will be announced today at 21:00 TRT. JPMorgan sees a hawkish hold as the base case with a 50% probability, while CME FedWatch prices the probability of a rate hike at 35-36%. That threshold is expected to determine the market's next direction. Analysts warn that failure to establish a sustained move above $65,000 could trigger a pullback toward the $62,000-$62,500 range, while a dovish tone after the decision could open the way toward $67,000.
Bitcoin spot ETFs recorded their fourth consecutive day of outflows following an eight-day inflow streak, with cumulative outflows exceeding $500 million over the past four sessions.
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🔷 ETHEREUM & ALTCOINS
ETH is attempting a modest recovery in the $1,900-$1,920 range, trading cautiously alongside BTC ahead of the FOMC meeting.
Weakness in AI tokens continues, with FET declining 6.8% over the past 24 hours.
In the DeFi sector, Jupiter (JUP) gained 5.8%, making it the day's strongest performer and leading the recovery.
The CoinDesk 20 Index ended the day up 0.4%, with 10 assets advancing and 10 declining.
Cardano (ADA) outperformed the broader market ahead of the FOMC, rising 6% over the past 24 hours.
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📋 TOP CRYPTO NEWS
The SEC and CFTC issued a joint interpretation aimed at reducing uncertainty for crypto companies while broader legislation is pending. Additional regulatory work is expected to remain on the SEC's 2026 agenda.
Hyperscale Data announced a new treasury purchase of 1,106 BTC ($71.7 million) on July 28, signaling continued institutional accumulation despite market weakness.
SEC Chairman Paul Atkins pledged technical support to advance the CLARITY Act in Congress. Despite the limited legislative window before the August recess, he defended the proposed regulatory framework.
Morgan Stanley launched staking-enabled Ethereum (MSSE) and Solana (MSOL) ETPs on NYSE Arca. Both products carry a 0.14% expense ratio, expanding its crypto ETP lineup to include BTC, ETH, and SOL.
Russia has filed terrorism charges against Telegram founder Pavel Durov, increasing pressure on the platform.
Orochi Network was the day's top-performing token, surging 75%.
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🔓 TOKEN UNLOCKS
Optimism (OP)
July 31, 2026
Amount: Approximately $22.8 million (1.79% of circulating supply) — 31.34 million OP
Recipient: Core Contributors (team/insider allocation)
Selling Pressure: 🟡
Note: OP's routine monthly cliff unlock. Since the allocation is team-related, it carries some short-term selling pressure risk, although the amount remains relatively limited compared to the total supply.
GUNZ (GUN)
Market Cap: $9.84 million
Unlock Value: $1.17 million (11.87% of market capitalization)
Selling Pressure: 🔴
Date: July 30, 2026, 03:00
No additional unlock exceeding the reporting threshold has been identified for July 30.
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🔭 OUTLOOK & UPCOMING EVENTS
The FOMC decision at 21:00 TRT today, followed by Fed Chair Kevin Warsh's press conference, will be the week's—and likely the month's—most important catalyst. Markets have largely priced in a hold decision, with the primary focus now on Warsh's guidance regarding the Fed's rate path for 2026.
The possibility of continued low-intensity conflict in the Middle East may keep pressure on energy prices and overall risk sentiment through developments surrounding the Strait of Hormuz.

FED July 2026 Meeting: Expectations, Potential Outcomes, and Market Impact
Meeting Schedule
The FOMC is holding its seventh monetary policy meeting of 2026 on July 28-29. The decision will be announced on Wednesday, July 29, at 21:00 TRT, followed by Fed Chair Kevin Warsh's press conference at 21:30 TRT.
This is not an SEP (Summary of Economic Projections/dot plot) meeting, meaning no updated growth, unemployment, or inflation forecasts will be released. As a result, market attention will focus entirely on the policy statement, the voting breakdown, and Warsh's remarks during the press conference.
The current policy rate stands at 3.50-3.75%. At its June meeting, the Fed kept rates unchanged while emphasizing that inflation remained above its 2% target.
Market Expectations: Hold Rates, but Two-Sided Risks Remain
According to CME FedWatch, the probability of the Fed keeping rates unchanged in July stands at 65.3%, making it the base-case scenario. However, markets have become increasingly hawkish regarding the September meeting, with the probability of a rate hike rising to 82%.
The June dot plot also reflected this shift, as 9 of 18 participants now expect at least one rate hike before the end of 2026, compared with none just three months earlier.
The takeaway is straightforward: a surprise in July is unlikely, but the post-meeting rhetoric will be crucial.
There are two primary scenarios:
Scenario 1 – Dovish Stance (Cautious Wait-and-See)
The Fed keeps rates unchanged. Warsh acknowledges signs of easing inflation, with June CPI and PPI data coming in cooler than expected, and maintains that future rate decisions will remain data-dependent.
Scenario 2 – Hawkish Stance (Inflation Risks Take Priority)
The Fed again leaves rates unchanged, but Warsh emphasizes rising energy prices driven by Middle East geopolitical tensions and the fact that inflation has remained above target for five consecutive years, clearly leaving the door open for a September rate hike.
Markets are currently leaning toward the second scenario, suggesting that the press conference, rather than the rate decision itself, is likely to become the primary source of volatility for risk assets.
Asset-by-Asset Impact Analysis
U.S. Dollar Index (DXY)
Keeping rates unchanged alone is unlikely to determine direction. The key driver will be Warsh's forward guidance.
Dovish signal → Weaker DXY and a softer U.S. dollar.
Hawkish signal (September hike remains on the table) → Stronger DXY and increased global demand for the dollar.
Gold (XAU/USD)
As a non-yielding asset, gold is highly sensitive to real yield expectations and movements in the U.S. dollar.
Dovish language combined with lower Treasury yields → Bullish for gold, supported by safe-haven demand.
Hawkish language and stronger expectations of a September hike → Higher risk of a short-term correction, particularly if the DXY strengthens.
Geopolitical risk premiums stemming from Middle East tensions and rising energy prices remain an independent source of support for gold regardless of the Fed's decision.
Cryptocurrency Market (BTC, ETH, and Altcoins)
By 2026, cryptocurrencies remain highly correlated with global liquidity conditions and overall risk appetite.
Dovish signal combined with a weaker dollar → Improved risk sentiment and potential upside for BTC and large-cap altcoins.
Hawkish signal combined with stronger pricing of a September hike → Increased selling pressure across risk assets and a higher likelihood of leveraged liquidations.
Crypto markets are expected to react more aggressively than gold, with the first one to two hours after the announcement likely to experience sharp moves due to temporary liquidity gaps.
Stock Indices (S&P 500, Nasdaq, BIST)
Higher expectations for future rate hikes weigh on corporate earnings and equity valuations, while an unchanged decision accompanied by dovish guidance generally supports risk appetite.
Rates unchanged with balanced language → Potential recovery in equity indices.
Hawkish language combined with stronger September hike expectations → Valuation pressure, particularly on growth and technology stocks.
Key Takeaway for Investors
The July meeting itself is likely to generate limited volatility because an unchanged decision has already been largely priced in. The greater positioning risk lies in Kevin Warsh's press conference and how markets reassess the probability of a September rate hike.
Energy prices and geopolitical developments, particularly U.S.-Iran tensions, should also be monitored closely as external risks that could alter the inflation outlook.
The initial market reaction following the announcement is often exaggerated and tends to normalize as the press conference unfolds. For that reason, price action during the first 15-30 minutes after the decision should generally be viewed as market noise rather than a reliable indication of the prevailing trend.

🔐 END OF DAY MARKET REPORT — JULY 28, 2026
🌐 TODAY'S TOP HEADLINES
According to sources cited by The Times of Israel, Trump is expected to decide on Iran policy ahead of today's meeting with Netanyahu. Meanwhile, Iran and Oman approved a proposal to resolve disputes over the Strait of Hormuz and revive last month's memorandum of understanding.
South Korea's KOSPI index plunged 10.5–11%, marking one of its worst trading days in years and shaking global risk sentiment.
SpaceX shares fell more than 20% below their $135 IPO price, wiping out $1.2 trillion from their peak valuation.
Apple became the world's most valuable company and the second company in history to surpass a $5 trillion market capitalization.
Bank of America expects the Fed to leave interest rates unchanged in July despite markets pricing in a small chance of a hike.
Investors expect a 10-2 split in this week's Fed vote.
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₿ BITCOIN
BTC fell to the $63,000-$63,800 range ahead of the FOMC meeting as risk-off sentiment triggered selling pressure, down approximately 2-2.5% since Monday. The KOSPI collapse and the shelving of the CLARITY Act remain the two primary sources of pressure.
The FOMC decision will be announced tomorrow (Wednesday, July 29) at 21:00 TRT, followed by Fed Chair Kevin Warsh's press conference at 21:30 TRT. This is not an SEP meeting, meaning markets will focus primarily on the policy statement and voting breakdown. The current policy rate of 3.50-3.75% is expected to remain unchanged for the fourth consecutive meeting.
A close below the $63,458 support level could bring the psychological $60,000 level into focus. Nansen analysts warn that BTC could decline to $52,000 if strong ETF demand fails to materialize. More than $600 million in liquidations occurred over the past 24 hours ($543M long, $72M short).
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🔷 ETHEREUM & ALTCOINS
ETH declined 3-3.5% to the $1,870-$1,890 range, underperforming BTC as the total crypto market capitalization fell to between $2.17 trillion and $2.26 trillion.
Selling pressure was strongest among AI and Layer-1 tokens, with FET down 9.5% and both NEAR and HYPE losing 8-9%. XRP traded below $1.10, while ADA and SOL remained in the red. Perpetual contracts linked to SK Hynix ADRs on Hyperliquid plunged 20% within one minute before recovering. The Fear & Greed Index remained weak at 29.
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📋 TOP CRYPTO NEWS
The U.S. Senate has effectively shelved the Digital Asset Market Clarity Act to prioritize Russia sanctions and federal appointment bills. With Congress set to recess on August 8, the legislation will most likely be postponed until the fall session after the November midterm elections.
On Polymarket, the probability of the bill passing in 2026 has dropped to 37%, reflecting expectations that Democratic senators will vote against it.
Markets continue to await a federal court ruling in the on-chain perpetual futures case between CME Group and the CFTC.
1inch launched its Aqua liquidity protocol simultaneously across 13 blockchains.
Trading volumes continue to decline, with BitMEX and BitMart potentially becoming the first casualties of the slowdown in crypto trading activity.
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🔓 TOKEN UNLOCKS
Kamino (KMNO)
July 30, 2026
Amount: $4.14 million (2.97% of circulating supply) — 229.17 million KMNO
Recipient Profile: 145.83 million KMNO to locked stakeholders/advisors and 83.33 million KMNO to core contributors.
Selling Pressure: 🟡
Note: This is Kamino's routine monthly unlock within the Solana DeFi ecosystem. The relatively small amount limits the risk of a sudden supply shock, although the insider-heavy recipient profile could create moderate selling pressure.
No token unlocks exceeding the reporting threshold were identified for July 29. The next major unlock is KMNO on July 30.
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🔭 OUTLOOK & UPCOMING EVENTS
On July 31, approximately $2.5 billion worth of BTC call spread positions clustered in the $65,000-$70,000 range will expire, potentially increasing market volatility through the weekend. The market is expected to determine its broader direction following the FOMC decision later this week.

🔐 END OF DAY MARKET REPORT — JULY 27, 2026
🌐 TODAY'S TOP HEADLINES
The U.S. halted air operations against Iran following Oman-mediated talks, while Tehran also suspended retaliatory attacks, increasing the likelihood of ceasefire negotiations.
Trump reiterated that interest rates should be cut and said the chances of reaching an agreement in the Iran talks are high.
Apple overtook Nvidia to become the world's most valuable company again with a $4.94 trillion market valuation.
SpaceX shares fell below $110 after their $135 public offering price.
Growing U.S. debt and concerns over a weakening dollar are driving investors toward Bitcoin and gold.
BitMart announced it will shut down after nearly nine years of operation, following AscendEX and BitMEX.
Storj Labs filed for Chapter 11 bankruptcy protection to restructure legacy debt.
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₿ BITCOIN
BTC continues its fourth consecutive week of gains, trading in the $65,000–$65,500 range.
Easing tensions between the U.S. and Iran, along with expectations surrounding the CLARITY Act, are supporting prices. Forced short liquidations exceeded $200 million over the past 24 hours.
Strategy has not purchased BTC for four consecutive weeks and is building cash reserves. Michael Saylor's social media hint about "a new color" has fueled expectations of a new announcement.
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🔷 ETHEREUM & ALTCOINS
ETH outperformed the broader market with a daily gain of 4–5%, trading between $1,950 and $1,970. The ETH/BTC ratio broke above its 200-day moving average, signaling a potential altseason. Weekly spot ETF inflows into ETH ($103.9 million) surpassed BTC ETF inflows ($33.79 million), while 41 million ETH, representing 34% of the total supply, is currently staked.
Among altcoins, the Polkadot and XRP Ledger ecosystems ranked among the day's top performers, while XRP traded sideways between $1.10 and $1.13. Shiba Inu gained 28% over the week, leading the meme coin sector, while Aave and Ondo posted the strongest DeFi performance over the past 24 hours.
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📋 TOP CRYPTO NEWS
CLARITY Act: Senator Lummis' consolidated draft published on July 22 includes new AML measures and provisions targeting crypto ATM fraud, while disagreements over ethics rules for public officials remain the primary obstacle.
Coinbase CEO Brian Armstrong criticized crypto startups rebranding themselves as AI companies, arguing that blockchain should provide infrastructure for automation rather than compete with it.
BitMart announced it will cease operations, highlighting the ongoing consolidation within the crypto exchange sector.
Storj Labs entered Chapter 11 restructuring while continuing to provide services to customers.
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🔓 TOKEN UNLOCKS
Falcon Finance (FF)
July 28, 2026 – 03:00 TRT
Amount: $7.41 million (5.26% of market cap)
Market Cap: $140.94 million
Recipient Profile: Ecosystem allocation, linear vesting
Selling Pressure: 🟡
Note: Only 23.4% of FF's supply is currently in circulation. This unlock is part of a routine linear emission schedule, limiting the risk of a sudden supply shock.
Midnight (NIGHT)
July 28, 2026 – 03:00 TRT
Amount: $2.54 million (8.59% of market cap)
Market Cap: $29.60 million
Recipient Profile: Glacier Drop / Scavenger Mine participants — broad retail distribution (8M+ wallets), released through a quarterly thawing cycle
Selling Pressure: 🔴
Note: NIGHT has recently been testing key support levels. Its retail-heavy holder base and relatively large unlock compared with market capitalization could increase selling pressure.
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🔭 OUTLOOK & UPCOMING EVENTS
The week's most important macro event is the July 28–29 FOMC meeting. The decision is expected to directly influence market risk appetite and BTC's ability to hold above $65,000.
The Zcash Ironwood upgrade is also scheduled to go live on the same day.
On the CLARITY Act front, July 30 is being watched as the practical deadline for launching the Senate voting process. With the Senate scheduled to adjourn on August 7 before its August 10 recess, the legislative window is narrowing. If missed, the process could be pushed back until September.

27–31 July 2026 | Weekly Risk Calendar (TRT - UTC +3))
🎯 Weekly Theme
This week features one of the busiest combinations of economic data releases and central bank decisions of the year.
The macro backdrop changed dramatically on Thursday. On Friday, Houthi militants attacked two Saudi oil tankers, effectively shutting down the Bab el-Mandeb Strait—the only remaining major export route for Saudi crude after disruptions around the Strait of Hormuz. WTI crude climbed above $100 per barrel, rising roughly 30% during July. As a result, the energy-driven disinflation narrative that emerged after June's CPI report has quickly reversed.
The implications for the FOMC are significant. Market-implied odds of a July rate hike have surged from 10.7% at the beginning of the month to approximately 38%. While most investors still expect rates to remain unchanged, uncertainty surrounding Chairman Kevin Warsh's decision has increased sharply.
With the Federal Reserve intentionally limiting forward guidance, policy uncertainty has become an even larger source of market volatility. Adding to that, the advance Q2 GDP estimate and June PCE inflation data will be released just one day after the FOMC decision, while the Bank of Japan publishes its quarterly Outlook Report on Friday morning.
📅 Economic Calendar
Wednesday – July 29
🇺🇸 21:00 TRT — FOMC Interest Rate Decision
21:30 TRT — Fed Chair Kevin Warsh Press Conference
Markets expect the Federal Funds Rate to remain within the current 3.50%–3.75% range. However, with a 38% probability still assigned to a surprise rate hike, that possibility cannot be dismissed.
This will be Warsh's second FOMC meeting as Chair. His first meeting concluded with a unanimous 12-0 vote to leave rates unchanged.
Since then, energy prices have risen roughly 30%, the Bab el-Mandeb Strait has effectively closed, and expectations for a September rate hike have climbed toward 80%.
Markets will focus on three key questions:
→ Will the Fed keep rates unchanged or deliver a surprise hike?
→ Will Warsh maintain a hawkish "inflation remains too high" tone, or adopt a more cautious "we need additional data" approach?
→ Will he provide any indication regarding September? With Warsh generally avoiding explicit forward guidance, even a single sentence could trigger significant market volatility.
Thursday – July 30
🇺🇸 15:30 TRT — Q2 2026 Advance GDP Estimate
The first estimate of second-quarter U.S. economic growth will reveal how higher energy prices affected consumer spending and business investment.
🇺🇸 15:30 TRT — June PCE Inflation, Personal Income & Personal Spending
The PCE Price Index remains the Federal Reserve's preferred inflation gauge and will be released just one day after the FOMC meeting.
A soft Core PCE reading consistent with June's CPI data would reinforce a wait-and-see approach from the Fed.
A stronger-than-expected Core PCE reading would immediately reignite debate over additional tightening.
🇺🇸 15:30 TRT — Employment Cost Index (ECI), Q2 2026
The quarterly Employment Cost Index is one of the Fed's primary indicators of wage-driven inflation.
Following the strong 0.9% reading in Q1, investors will closely monitor whether wage pressures remain persistent.
🇺🇸 15:30 TRT — Weekly Initial Jobless Claims
All four reports will be released simultaneously.
The combination of GDP, PCE, ECI, and Jobless Claims is likely to generate conflicting signals, increasing the probability of wider spreads, thinner liquidity, and sharp price swings during the first several minutes after release.
Friday – July 31
🇯🇵 Approximately 05:00–06:00 TRT — Bank of Japan Interest Rate Decision & Outlook Report
This meeting includes the BOJ's quarterly economic projections.
Markets currently assign roughly a 96% probability that rates will remain unchanged at 1.00%.
Following June's 25-basis-point increase, investors will closely monitor Governor Kazuo Ueda's guidance regarding the future pace of policy normalization.
Approximately 09:30 TRT — BOJ Governor Kazuo Ueda Press Conference
⚡ Crypto & Market Risks
FOMC (Wednesday 21:00 TRT)
Surprise Rate Hike
An immediate risk-off reaction would likely strengthen the U.S. dollar sharply while triggering leveraged liquidations across cryptocurrency markets.
Rates Unchanged + Hawkish Tone
If Warsh signals another possible hike in September, the dollar would likely strengthen moderately while cryptocurrencies remain under pressure.
Rates Unchanged + Limited Guidance
Minimal forward guidance could increase two-way volatility, leaving markets to interpret the Fed's intentions without clear direction.
Thursday's 15:30 TRT Data Package
Strong GDP + Soft PCE
A combination of resilient economic growth and moderating inflation would support the Fed's decision to remain on hold and could improve sentiment across risk assets.
Weak GDP + Hot PCE
Evidence of slowing growth alongside persistent inflation would reinforce stagflation concerns, representing one of the most challenging scenarios for global risk assets.
Bank of Japan (Friday Morning)
Dovish Outlook
If growth forecasts are revised lower and Governor Ueda maintains a dovish tone, a weaker yen could support global carry trades and improve liquidity conditions.
Hawkish Surprise
A surprise rate increase or unexpectedly hawkish projections could trigger another unwind of global carry trades similar to June's move, increasing the risk of sharp price swings in Bitcoin and Ethereum during typically thin Friday liquidity.
Energy Market Risk
The effective closure of the Bab el-Mandeb Strait has significantly reduced the importance of any improvement around the Strait of Hormuz, leaving two major global shipping routes simultaneously disrupted or at elevated risk.
Any escalation—or meaningful diplomatic breakthrough—could rapidly reprice oil markets, inflation expectations, and cryptocurrency markets throughout the week.

🔐 END OF DAY MARKET REPORT — JULY 24, 2026
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🌐 TODAY'S TOP HEADLINES
U.S. equities traded modestly higher despite continued selling pressure in the technology sector, as investors positioned ahead of next week's Federal Reserve meeting while assessing the risks associated with elevated AI-related capital spending.
Losses among the "Magnificent Seven" weighed on Nasdaq sentiment, with concerns over AI investment costs contributing to increased market volatility.
Geopolitical tensions in the Middle East and renewed tariff announcements continued to create uncertainty, while higher energy prices kept inflation risks elevated.
South Korea blocked downloads of foreign cryptocurrency exchange applications through Google Play. Exchanges including OKX, Bybit, and MEXC are no longer available to new users due to the absence of local Virtual Asset Service Provider (VASP) registration.
Iranian Foreign Minister Abbas Araghchi criticized the U.S. approach, stating that the lack of mediators is not the primary obstacle to renewed negotiations.
Reports indicate that Pakistan and Iran are exploring a China-backed diplomatic channel for new discussions with the United States.
The Trump administration announced new tariffs ranging from 10% to 12.5% on imports from 60 trading partners.
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₿ BITCOIN
Bitcoin traded between $63,700 and $65,800 during the session.
Although ETF flows recorded a brief period of net outflows, the broader trend continues to point toward sustained institutional interest.
Key Resistance:
$65,800–66,500
Key Support:
$63,700
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🔷 ETHEREUM & ALTCOINS
Ethereum traded sideways between $1,850 and $1,900.
Altcoins continued to exhibit selective, low-volume trading activity.
XRP is approaching the important $1.0836 support level. A confirmed break below this area could open the way toward the $1.00 psychological level.
LUNC remained under pressure throughout the day, with the 0.00005045 support level remaining critical for Luna Classic.
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📋 KEY CRYPTO NEWS
Expectations surrounding the CLARITY Act continue to influence overall market sentiment.
Although ETF inflows have shown signs of recovery, overall market conditions remain fragile.
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🔓 TOKEN UNLOCKS — JULY 25
H — Humanity
Approximately 266 million H tokens
Approximately $15.6 million
8.6% of circulating supply
Selling Pressure: HIGH 🔴
Avalanche (AVAX)
Approximately 1.67 million AVAX
Estimated value: $10.5–15 million
Approximately 0.23% of total supply
Foundation allocation
Estimated unlock time: Around 12:30 UTC
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🔭 OUTLOOK & UPCOMING EVENTS
Markets remain in a consolidation phase ahead of next week's Federal Reserve interest rate decision, with traders showing limited willingness to increase risk exposure.
Key events to watch:
July 25 — Humanity (H) token unlock (~$15.6M, 8.6% of circulating supply)
July 28 — Zcash Ironwood Upgrade
July 28–29 — FOMC Meeting: The most important macro event of the month.
August 10 — Effective Senate deadline for the CLARITY Act.

🔐 END OF DAY MARKET REPORT — JULY 23, 2026
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🌐 TODAY'S TOP HEADLINES
U.S. initial jobless claims fell to 187,000, the lowest level in nearly 60 years. The stronger labor market may reinforce expectations that the Federal Reserve could delay interest rate cuts, weighing on risk appetite across both equities and cryptocurrencies.
Following BitMEX's announcement that it will cease operations, BMEX—the exchange's native ecosystem token—plunged more than 90% within a short period. The collapse not only caused substantial investor losses but also reignited debate over the ethical responsibilities associated with exchange-issued tokens.
Brent crude oil has surged 42% over the past 20 days, climbing above $100 per barrel and fueling renewed inflation concerns.
AFX Trade, BSquared Network, and Verus were all targeted by cyberattacks within the past 24 hours. In what many described as "Hackers' Day," the three protocols collectively lost more than $35 million in crypto assets.
President Trump issued a statement on Truth Social warning Iran after Houthi militants attacked Arab vessels overnight.
Tesla maintained its Bitcoin holdings at 11,509 BTC during the second quarter, extending a holding strategy that has remained unchanged for nearly four years.
The European Central Bank left its deposit rate unchanged at 2.25%, matching market expectations.
The U.S. Senate blocked a resolution seeking to limit President Trump's authority to engage in military action against Iran.
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₿ BITCOIN
Bitcoin traded between $64,724 and $66,313 during the session.
Optimism surrounding the CLARITY Act and the return of ETF inflows continue to provide modest support for the market. However, persistent stablecoin outflows and a rally driven more by the absence of sellers than aggressive buying suggest that the current recovery remains fragile.
The $67,000 level continues to represent the key short-term technical resistance. A stronger catalyst will likely be required to break above that level ahead of next week's FOMC meeting.
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🔷 ETHEREUM & ALTCOINS
Ethereum remains below the $1,900 level.
XRP continues consolidating between $1.09 and $1.14, with technical indicators providing mixed short-term signals. Support is located near $1.09, while the first resistance zone stands between $1.16 and $1.18.
GRAM entered today's approximately $52 million token unlock, while Telegram's upcoming wallet integration announcement provides a positive counterbalance to potential selling pressure.
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📋 KEY CRYPTO NEWS
Agreement on the CLARITY Act's ethics provision was necessary to move the Senate voting process forward, but it is not sufficient on its own. The 60-vote cloture threshold, disagreements over SEC and CFTC appointments, and federal preemption provisions all remain unresolved.
Raphael Zagury officially became CEO of Twenty One Capital. Drawing on experience at Goldman Sachs and Deutsche Bank, he is expected to bring a more institutionally disciplined treasury strategy compared with Jack Mallers' aggressive Bitcoin accumulation approach.
The Zcash Ironwood upgrade remains scheduled for July 28, introducing important security and privacy improvements following the Orchard vulnerability.
News surrounding Satsuma's liquidation has renewed debate over Bitcoin ownership concentration.
Jack Mallers stepped down as CEO of Twenty One Capital to focus on Strike, while Tether's plan to combine Twenty One, Strike, and Elektron Energy has reportedly been abandoned. Zagury now oversees the company's treasury of 43,514 BTC, while XXI shares declined approximately 15%.
ETF inflows have returned and exchange Bitcoin balances continue falling. However, ongoing stablecoin outflows suggest that markets have not yet attracted the fresh capital needed for a sustainable breakout.
Kalshi launched Ethereum perpetual futures, making ETH the second major cryptocurrency available on the CFTC-regulated prediction and derivatives platform.
Plume and Ether . fi introduced a new yield-generating real-world asset vault backed by a $100 million private allocation.
The effective Senate deadline for the CLARITY Act remains August 10. Failure to pass the legislation before then would likely delay further action until mid-September, leaving the regulatory framework for roughly $680 billion in altcoin market capitalization unresolved.
According to VanEck, Bitcoin derivatives markets still point to lingering selling pressure, while Bitfinex analysts argue that Bitcoin's recovery toward $66,990 has been driven more by a lack of sellers than by strong buying demand.
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🔓 TOKEN UNLOCKS — JULY 24
SOSO | July 24 — 12:00 TRT
Approximately 23.46 million SOSO (~$6.73 million)
6.78% of circulating supply
Selling Pressure: MEDIUM 🟡
H — Humanity | July 25 — 03:00 TRT
Approximately 266.47 million H (~$15.6 million)
8.6% of circulating supply
Selling Pressure: HIGH 🔴
This represents the largest token unlock of the week by token quantity and could have a meaningful impact given the project's relatively limited market liquidity.
Total Unlocks (July 24–25): Approximately $22.3 million.
Humanity (H) carries the highest proportional supply risk.
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🔭 OUTLOOK & UPCOMING EVENTS
Markets approach the end of the week facing two major uncertainties: the shrinking timeline ahead of the August 10 CLARITY Act deadline and the July 28–29 FOMC meeting.
Kalshi's implied probability of approximately 72% suggests that markets have partially priced in expectations for a Senate vote, although the probability of the legislation actually becoming law remains significantly lower.
At the FOMC meeting, investors will closely watch whether Governor Kevin Warsh maintains a hawkish tone despite softer CPI and PPI data. That decision could determine whether Bitcoin is able to break above the key $67,000 resistance level.
Key events to watch:
July 25 — Humanity (H) unlock (~$15.6M, 8.6% of circulating supply)
July 28 — Zcash Ironwood Upgrade
July 28–29 — FOMC Meeting: The most important macro event of the month.
August 10 — Effective Senate deadline for the CLARITY Act.

BMEX Collapse: Where Does Responsibility Begin When an Exchange Shuts Down?
Following BitMEX's announcement that it will cease operations, the exchange's native ecosystem token, BMEX, lost more than 90% of its value within a very short period. This dramatic decline has reignited debates not only about investor losses but also about the ethical responsibilities of centralized exchanges that issue their own tokens.
While shutting down an exchange may be a business decision, the near-total collapse of a token whose utility depends entirely on that platform raises an important question: Were investors adequately informed about the risks?
Why Did BMEX Collapse So Dramatically?
BMEX derived its value primarily from the BitMEX ecosystem. Benefits such as trading fee discounts, staking rewards, and platform-specific incentives only existed as long as the exchange remained operational.
Once the shutdown was announced, the token's economic model largely disappeared. When a digital asset loses the ecosystem that gives it utility, the market is almost certain to reprice it rapidly.
However, the real issue is not the price collapse itself, but whether investors fully understood that this risk always existed.
Where Does the Ethical Responsibility Begin?
Legal obligations and ethical responsibilities are not always the same.
A company has the right to discontinue its business. However, when an exchange issues its own token, it also has a responsibility to communicate not only the potential benefits but also the risks associated with the platform's future.
Unlike decentralized assets such as Bitcoin or Ethereum, centralized exchange tokens depend heavily on the continued operation of the company behind them.
This raises several important questions:
Were token holders adequately informed about the possibility of the exchange shutting down?Was there a clearly communicated contingency plan for the token if the platform ceased operations?Were any buyback, conversion, or compensation mechanisms established to protect token holders?Did the company explore reasonable measures to reduce investor losses?
Mistakes That Became Apparent
The BMEX case highlights several important lessons.
First, a token whose entire utility depends on a single company carries significant structural risk.
Second, many investors underestimate the corporate risk associated with centralized exchange tokens, often treating them like independent blockchain assets.
Finally, the absence of pre-defined investor protection mechanisms for a potential shutdown significantly amplified the losses experienced by token holders.
The Biggest Lesson for Investors
Owning a centralized exchange token is, in many ways, an investment not only in a digital asset but also in the future of the company operating the exchange.
If the company grows, the token may appreciate. However, if the company shuts down, becomes insolvent, or fundamentally changes its business model, the token's economic value can disappear almost overnight.
The collapse of FTX's FTT token demonstrated this risk before, and the BMEX case serves as another reminder that the same vulnerabilities can emerge across different centralized platforms.
Conclusion
The more than 90% decline in BMEX should not be viewed solely as a market event. It also raises broader questions about how centralized exchange tokens are marketed, how risks are disclosed, and where a company's ethical responsibility to its investors begins.
Fulfilling legal requirements does not necessarily mean investors have been treated fairly from an ethical perspective. As the cryptocurrency industry continues to mature, exchanges should be expected to act with transparency not only during periods of growth but also when winding down their operations.
The BMEX case serves as a powerful reminder that, in the world of centralized exchange tokens, the greatest risk is often not market volatility itself—but the fact that the token's entire value depends on the survival of a single company.