Blockonomi

Key Takeaways
Gabriela Borges from Goldman Sachs maintains a Buy recommendation on Microsoft with a $610 target, suggesting 58% potential gains
Shares have declined 20% since January, with fiscal Q4 results scheduled for July 29
Analysts project Azure revenue growth of 40-41% in constant currency terms, exceeding company forecasts
The investment bank increased its FY28-FY30 capital expenditure projections by approximately 10%, with FY28 capex now forecast at $319 billion
Questions surrounding Copilot’s commercial traction and revenue generation continue to dominate investor discussions
As Microsoft prepares to unveil its fiscal fourth-quarter results on July 29, shareholders are confronting a challenging reality: the stock has shed precisely 20% of its value year-to-date. This significant downturn has left many questioning what the upcoming earnings announcement might reveal.
Goldman Sachs equity analyst Gabriela Borges, however, views the current environment heading into the earnings release as “quite appealing.” Her thesis centers on subdued investor sentiment, which she argues could create conditions ripe for an upside surprise.
With MSFT currently hovering near $385, there’s substantial distance to Goldman’s $610 valuation target.
Borges highlights three critical areas under the investor microscope. The primary concern revolves around whether Azure’s expansion trajectory justifies the extraordinary capital investments being deployed. Additionally, there’s scrutiny over Microsoft’s greater dependence on Nvidia’s graphics processing units relative to competitors who’ve built proprietary chip solutions. Finally, investors are weighing whether emerging AI applications like Claude Cowork pose a competitive threat to Office 365, particularly given ongoing uncertainties about Copilot’s market performance.
Azure’s Trajectory Takes Center Stage
Regarding Azure’s performance, Borges anticipates fourth-quarter expansion of 40-41% on a constant currency basis. This projection sits modestly above Microsoft’s published guidance bracket of 39-40%. Looking toward the first quarter, her forecast calls for guidance in the 40-41% range, aligning closely with Wall Street consensus, though she acknowledges Microsoft might guide “slightly above” expectations.
Azure’s growth trajectory has faced supply-side limitations, though Borges anticipates these constraints will diminish as additional infrastructure becomes operational. She identifies this capacity expansion as a potential catalyst that could drive the stock’s outperformance.
Goldman has also revised upward its capital spending forecasts for fiscal years 2028-2030 by roughly 10%. The updated FY28 projection now stands at $319 billion when financial leases are included, significantly exceeding both her prior $287 billion estimate and the consensus Street figure of $252 billion.
Copilot Adoption Remains Uncertain
The Copilot product continues to generate considerable uncertainty. Borges acknowledges that “sustainable M365 acceleration will likely take time,” though she anticipates some encouraging indicators in the immediate term — including expanded seat counts, increased AI-driven revenue streams, and developments within the broader frontier AI model landscape.
For the stock to experience a genuine turnaround, Borges outlines three essential requirements: Azure performance exceeding projections, improved transparency regarding chip availability including Maia processors and AMD as an alternative supplier, and more convincing evidence demonstrating Copilot’s monetization success.
The broader technology landscape presents additional challenges. Major tech companies are currently engaged in unprecedented AI infrastructure spending. Alphabet’s Q2 capital expenditure is projected at $44.9 billion — representing a 100% year-over-year increase. Goldman’s Eric Sheridan estimates Amazon’s aggregate spending from 2026 through 2028 will reach $827 billion.
Memory component costs are escalating as well. Micron’s third-quarter price increases are adding financial pressure on hyperscale cloud providers expanding their data center footprints.
Looking beyond Goldman’s perspective, Wall Street analysts maintain overwhelmingly bullish sentiment on MSFT. The stock carries 34 Buy recommendations against just 1 Hold rating, resulting in a Strong Buy consensus. The mean analyst price target stands at $560.42, implying potential 12-month appreciation of approximately 45.5%.
The post Microsoft (MSFT) Stock Plunges 20% in 2025: Goldman Sachs Sees Massive Buying Opportunity appeared first on Blockonomi.

TLDR
Washington’s Central Command executed fresh military strikes on Iran, hitting more than 300 military installations over a 72-hour period
Tehran announced the closure of the Strait of Hormuz “indefinitely,” though President Trump insists shipping lanes remain accessible
Crude prices surged more than 3% on Monday amid fears of supply chain disruptions
The United Arab Emirates shot down incoming Iranian missiles and drones; alarm systems activated in Bahrain and Doha
While diplomatic channels remain active in Oman, the outlook for comprehensive peace talks remains uncertain
The U.S. Central Command announced the completion of another round of military strikes targeting Iran on Sunday night. These operations focused on diminishing Tehran’s capacity to threaten commercial vessels navigating through the Strait of Hormuz.
The US launched fresh missile attacks against Iran over the weekend in what has become a pattern of strikes and counterstrikes by Washington and Tehran.
Both sides also issued conflicting declarations over whether the Strait of Hormuz is open https://t.co/rjPfgF0Omk pic.twitter.com/rNb9UpK5Eq
— Bloomberg (@business) July 13, 2026
Across a 72-hour window, American forces engaged more than 300 Iranian military installations. The most recent offensive targeted numerous positions spread throughout Iranian territory.
The military campaign intensified following Iran’s assault on the Cyprus-registered container vessel M/V GFS Galaxy. Washington responded by striking approximately 140 targets in a single day on Saturday.
Defense Secretary Pete Hegseth declared on X: “Iran made a poor choice. Now they pay.”
Tehran launched counterstrikes against American and coalition military bases throughout the Persian Gulf region. Abu Dhabi confirmed successful interception of Iranian missiles and unmanned aircraft. Alarm systems were triggered in Bahrain, while explosions echoed through Doha.
The Islamic Revolutionary Guard Corps of Iran claimed responsibility for disabling another ship within the Strait of Hormuz.
Oil and Markets React
Oil prices rose by over 3% on Monday morning. Market participants are growing increasingly worried about potential supply interruptions through one of the planet’s most critical maritime corridors.
Approximately 20% of global oil shipments transit through the Strait of Hormuz. A prolonged closure could trigger worldwide increases in fuel costs.
Equity futures declined following reports of the latest strikes. American financial markets are monitoring Gulf developments with heightened attention.
E-Mini S&P 500 Sep 26 (ES=F)
Escalating energy costs are emerging as a political challenge for President Trump with November’s congressional elections approaching.
Marine Traffic tracking systems indicated minimal vessel movement through Hormuz currently.
Diplomacy and Tensions
Iran announced an indefinite closure of the Strait, declaring it would remain impassable until Washington ceased its regional involvement. The IRGC cautioned that any retaliatory action would trigger a “severe response.”
President Trump asserted on Sunday that Hormuz continues to operate for commercial traffic, directly challenging Iran’s declaration.
Meanwhile, Iran’s Foreign Minister conducted discussions with his Omani counterpart in Muscat. Muscat indicated that negotiations would proceed across both political and technical channels.
Tehran maintains that future arrangements governing Hormuz should be determined exclusively by the two nations that border the waterway.
Iran’s newly appointed Supreme Leader Ayatollah Mojtaba Khamenei pledged to avenge his father’s killing. Trump cautioned that American armed forces stood ready to deliver a “massive response” should Iran attempt to assassinate him.
Iran has accused Washington of breaching a recent ceasefire arrangement. The United States maintains it will not restart comprehensive negotiations until Tehran ensures safe transit for commercial shipping.
The post U.S. Launches Fresh Strikes on Iran as Oil Surges and Markets Tumble appeared first on Blockonomi.

Quick Summary
Netflix’s Q2 earnings arrive July 16, with analyst expectations calling for $0.79 EPS and $12.58 billion in revenue
Shares trade at $73.37, representing a 44% decline from peak levels, contrasting sharply with the S&P 500’s 22% advance
JPMorgan reaffirms Overweight stance with $118 target, highlighting pricing power, ad revenue expansion, and subscriber additions
Revenue growth projection for Q2 stands at 13.5%, a deceleration from the prior year’s 15.9% pace
Company insiders have offloaded $80.1 million in shares during the past quarter
Netflix approaches its second-quarter financial disclosure scheduled for July 16 amid mounting stock pressure. The streaming giant’s shares currently sit at $73.37, marking a steep 44% retreat from record highs, while the S&P 500 index has climbed 22% during the identical timeframe.
The downward trajectory began when Netflix briefly considered acquiring Warner Bros. Discovery’s streaming assets — a transaction that ultimately fell through. This development rattled investor confidence, and market sentiment has yet to fully stabilize.
Analyst projections point to earnings of $0.79 per share alongside approximately $12.58 billion in quarterly revenue.
The company delivered stronger-than-anticipated Q1 results with 16.2% revenue expansion. However, the projected 13.5% growth rate for Q2 — representing a slowdown from last year’s 15.9% — raises questions about whether Netflix’s rapid expansion phase is winding down.
JPMorgan Maintains Optimistic Stance
JPMorgan analyst Doug Anmuth preserved his Overweight recommendation and $118 valuation ahead of the earnings release. While recognizing that “investor sentiment remains cautious,” he emphasized that the company’s long-term fundamentals remain intact.
Anmuth highlighted that Netflix has penetrated less than 45% of connected television households globally, excluding China and Russia. Significant expansion opportunities persist.
He further emphasized that viewer engagement time increased approximately 2% during the first quarter, with the company’s proprietary quality engagement measurement reaching unprecedented levels. These operational metrics often escape headline attention.
JPMorgan anticipates Netflix will uphold its annual revenue projection of $50.7 billion to $51.7 billion while sustaining its 31.5% operating margin forecast.
Advertising Revenue and Price Adjustments Take Center Stage
The advertising segment is increasingly shaping Netflix’s narrative. JPMorgan projects ad-related revenue could approximately double, reaching roughly $3 billion by 2026.
Recent U.S. subscription price adjustments could generate over $1.7 billion in incremental annual revenue, based on Anmuth’s calculations.
Netflix launched ad-supported subscription tiers in 2022, and this strategic initiative is beginning to materialize in financial results.
From a valuation perspective, GuruFocus assigns Netflix a GF Value of $99.05, indicating approximately 25.9% undervaluation at present trading levels. The company’s P/E multiple stands at 23.7x, substantially below its five-year median of 42.92x.
The GF Score registers 95 out of 100, featuring maximum 10/10 ratings for both profitability and growth metrics. Momentum represents the weakest component, scoring merely 4/10.
One noteworthy caution signal: company insiders have divested $80.1 million in stock holdings throughout the previous three-month period.
The Street-wide consensus reflects a Strong Buy rating — comprising 24 Buy recommendations and 8 Hold ratings. The mean price objective of $113.68 suggests approximately 54.9% potential appreciation from current trading levels.
Netflix delivers its quarterly report on July 16.
The post Netflix (NFLX) Stock: Wall Street’s Q2 Earnings Outlook for July 16 Report appeared first on Blockonomi.

Key Takeaways
Subversive ETFs submitted SEC filings for QQNE and SPNE, two new ‘Ex-Elon’ investment funds
Both funds will systematically remove companies founded or controlled by Elon Musk
Tesla and SpaceX represent the initial exclusions from these portfolios
SPNE mirrors the S&P 500 without Tesla; QQNE follows the Nasdaq-100 minus Tesla and SpaceX
Industry analysts question whether these niche products will gain meaningful traction
A New York investment firm, Subversive ETFs, has submitted regulatory documents to the Securities and Exchange Commission outlining plans for two actively managed exchange-traded funds that systematically eliminate exposure to Elon Musk’s business empire.
These products will operate as the S&P 500 Ex-Elon Enterprises ETF and the Nasdaq-100 Ex-Elon Enterprises ETF, trading under SPNE and QQNE respectively.
Currently, Tesla and SpaceX comprise the exclusion roster. However, portfolio managers retain authority to add future Musk ventures should they become publicly traded, such as Neuralink or The Boring Company.
Both investment vehicles will screen out any organization that fund administrators classify as “founded, controlled or led by” Musk, or where he maintains primary business association.
Managers will maintain a minimum 80% allocation to their corresponding benchmark index positions. The portfolio weight previously allocated to excluded firms will redistribute proportionally among remaining constituents based on market capitalization.
SpaceX became a Nasdaq-100 component recently following revised listing standards that permitted its inclusion without displacing an existing member. Tesla has maintained S&P 500 membership since 2013.
Given S&P 500 qualification criteria, SpaceX won’t be eligible for that benchmark for approximately another twelve months. Consequently, SPNE will effectively replicate the complete S&P 500 portfolio with a single omission: Tesla.
Rationale Behind Musk Avoidance
Multiple factors drive investor interest in Musk-free investment options. Some investors oppose his political engagement, particularly his involvement with the recently disbanded Department of Government Efficiency. Additional skepticism surrounds SpaceX’s approximate $2 trillion market valuation.
Emily Green, wealth management director at Ellevest, observed substantial demand from individuals who prefer avoiding association with Tesla and Musk. She emphasized concerns regarding Musk’s “basically unchecked power” at SpaceX.
Tesla shares experienced temporary appreciation following Donald Trump’s 2024 election victory, though vehicle sales declined across European and American markets throughout much of 2025.
Industry Skepticism and Alternative Approaches
Market observers remain divided on these funds’ potential success. Dave Nadig, research director and president at ETF.com, characterized the offerings as a “gimmick” and expressed “extraordinarily skeptical” views about their prospects.
He drew parallels to the Inverse Jim Cramer ETF, which ceased operations within twelve months due to insufficient investor demand.
Nadig referenced Subversive’s current congressional trading products — NANC and GOP — as comparable specialized offerings.
Babson College finance professor Jia Hao cautioned that excluding these corporations “may create tracking error and could cause investors to miss upside if those companies outperform.”
FactSet’s consensus analyst projections place SpaceX’s fair value approximately 58% above present trading levels. Tesla currently trades near its average analyst target, though the most optimistic forecast suggests nearly 50% appreciation potential.
Subversive has scheduled September 21 as the target launch date for both products. Expense ratios and additional specifications remain provisional pending final approval.
The post New ‘Ex-Elon’ ETFs Launch to Exclude Tesla and SpaceX — What Experts Are Saying appeared first on Blockonomi.

Key Highlights
META shares gained approximately 15% throughout the week following multiple AI strategy reveals
The company plans to debut a proprietary AI chip this September, developed alongside Broadcom and TSMC
Mark Zuckerberg announced Meta is considering leasing its AI infrastructure to external customers
The newly released Muse Spark 1.1 model prices input tokens at $1.25 per million compared to Anthropic’s $5 rate
Friday’s rally brought META stock back to positive year-to-date performance
Meta Platforms (META) delivered an impressive performance this week, with shares surging approximately 15% following a cascade of artificial intelligence announcements that provided investors with concrete insight into the company’s monetization roadmap for its substantial infrastructure investments.
Shares climbed over 5% during Friday’s trading session alone, propelling the stock back above breakeven for 2025. Prior to this rally, the stock had struggled under pressure from investor concerns regarding escalating capital spending and uncertainty surrounding AI investment returns.
The catalysts driving this week’s momentum? A proprietary chip initiative, a competitive new AI model, and an aggressive pricing framework designed to challenge industry rivals.
Proprietary AI Chip Initiative
Meta disclosed plans to introduce a custom-built AI chip this September, created through collaboration with Broadcom and Taiwan Semiconductor Manufacturing. This strategic move aims to decrease reliance on Nvidia and AMD, companies that have maintained premium pricing as AI chip demand has significantly exceeded available supply.
The company’s larger vision involves expanding its computing infrastructure from an anticipated 7 gigawatts in 2026 to 14 gigawatts by 2027—effectively doubling capacity within twelve months. Meta has also committed to refreshing these chips on a six-month iteration schedule moving forward.
Midweek, the tech giant revealed construction plans for a new Canadian data center, marking its 33rd facility worldwide.
During a Thursday interview with Bloomberg, CEO Mark Zuckerberg revealed Meta is evaluating the possibility of leasing its AI computing resources to external parties. This could involve hosting competing AI models or simply providing chip and server access similar to traditional cloud providers. Regardless of the approach, this initiative would establish a fresh revenue channel beyond Meta’s traditional advertising operations.
Muse Spark 1.1 Launches With Disruptive Pricing Strategy
Meta’s Superintelligence Labs introduced Muse Spark 1.1 on Thursday. The model targets agentic workflows and software development, offers multi-agent system coordination capabilities, and delivers enhanced speed compared to predecessor versions. According to Meta, the model demonstrates superior performance in identifying and resolving software bugs.
However, the pricing structure has captured the most attention. Meta set developer costs at $1.25 per million input tokens and $4.25 per million output tokens. In contrast, Anthropic’s Opus 4.8 charges $5 per million input tokens and $25 per million output tokens.
This represents a significant price advantage, establishing Muse Spark 1.1 as an economically attractive alternative for developers seeking capable models without requiring top-tier performance.
Stock Performance Analysis
META finished Friday’s session at $669.21, gaining $37.73 or approximately 5.97% for the day. The stock trades within a 52-week range of $520.26 to $796.25, supporting a market capitalization near $1.7 trillion.
This week’s rally followed Meta’s articulation of a strategic framework for transforming its AI infrastructure from an expense category into a viable revenue generator—whether through competitive model pricing, cloud infrastructure leasing, or chip capacity sales.
The upcoming earnings announcement will serve as the crucial benchmark for determining whether these strategic initiatives convert into sustainable financial performance that justifies investor confidence.
The post Meta (META) Stock Rockets 15% as Zuckerberg Unveils Aggressive AI Monetization Strategy appeared first on Blockonomi.

Những điểm rút ra chính
Pelosi và Trump đều nắm giữ cổ phiếu của 10 công ty giống hệt nhau, gồm các gã khổng lồ công nghệ như Nvidia, Apple, Amazon và Alphabet
Năm 2025, danh mục đầu tư của Pelosi mang lại mức lợi nhuận 20,1%, vượt trội hơn mức tăng hằng năm 16,6% của S&P 500
Trump thực hiện hơn 21.000 giao dịch cổ phiếu trong năm 2025 — trung bình khoảng 60 giao dịch mỗi ngày
Nhiều tháng trước khi công khai thúc giục người Mỹ mua Dell, Trump đã mua cổ phiếu và sau đó chúng tăng 107%
Mặc dù cả hai nhân vật đều ủng hộ công khai, dự luật cấm giao dịch cổ phiếu của các nghị sĩ vẫn bị đình trệ

Tóm tắt điều hành
Nhà sản xuất chip nhớ đã hoàn tất các hợp đồng cung cấp chiến lược trị giá 22 tỷ USD, bao gồm các điều khoản take-or-pay (mua hoặc thanh toán), khoản thanh toán trước và cam kết giá tối thiểu, trải rộng trên 16 thỏa thuận riêng biệt
Cổ phiếu đã tăng 243% từ đầu năm đến nay, vượt qua những biến động gần đây, bao gồm mức giảm 1,24% vào thứ Sáu sau phiên tăng 4,5% vào thứ Năm
TD Cowen duy trì mức định giá 1.600 USD; Bank of America chỉ định MU là khoản đầu tư được ưu tiên với mục tiêu 1.550 USD
Cộng đồng nhà phân tích thể hiện sự đồng thuận Mua mạnh (Strong Buy) với 29 khuyến nghị tích cực, 1 quan điểm trung lập và mức giá mục tiêu trung bình 1.563,93 USD — cho thấy tiềm năng tăng giá 60%

Tóm tắt ý chính
PENGU duy trì định giá gần 1 tỷ USD trong khi giao dịch ở mức thấp hơn đáng kể một đô la cho mỗi token
Dự phóng cơ sở ước tính khoảng 0,05–0,10 USD, trong khi kịch bản lạc quan dự báo 0,25–0,50 USD vào năm 2031
Kịch bản bi quan dự báo giá giảm còn 0,005–0,01 USD, do rủi ro suy yếu của lĩnh vực NFT
Dự án tạo điểm khác biệt nhờ hàng hóa có thể nhận dạng được, các thỏa thuận thương mại và kênh phân phối bán lẻ quy mô lớn
Dự báo bình quân gia quyền trong 5 năm cho thấy định giá xấp xỉ 0,10 USD vào năm 2031

Key Takeaways
Michael Saylor shared an enigmatic message on X stating “Orange dots tell only part of the story” after Strategy’s biggest-ever Bitcoin liquidation
The company liquidated 3,588 BTC worth $216 million to cover preferred stock dividend payments and boost cash holdings
Strategy currently owns 843,775 BTC purchased at an average price of $75,476 — sitting on approximately $9.7 billion in paper losses with Bitcoin around $64,000
Standard Chartered analysts warn that Saylor’s communication approach is creating confusion in Bitcoin markets
MSTR shares have plummeted over 70% since July 2025, ending Friday’s session at $94.64
Michael Saylor took to X on Sunday to share Strategy’s Bitcoin tracking visualization, accompanied by a puzzling statement: “Orange dots tell only part of the story.”
Orange dots tell only part of the story. pic.twitter.com/HFZd2z7fus
— Michael Saylor (@saylor) July 12, 2026
This message appeared just days after Strategy executed its most significant Bitcoin divestment to date — offloading 3,588 BTC for roughly $216 million.
The transaction occurred in two separate tranches: an initial sale of 1,363 BTC generating $80.8 million at June’s end, followed by an additional 2,225 BTC sold for $135.2 million during the July 1-5 window. The company allocated these funds to satisfy preferred stock dividend obligations and strengthen its cash position.
MSTR shares settled at $94.64 last Friday, representing a devastating decline from its 52-week peak of $457.22 — a staggering 70%+ collapse over the past year.
Strategy maintains a Bitcoin treasury of 843,775 BTC, accumulated at an average entry point of $75,476 per token. Given Bitcoin’s current price hovering around $64,000, the company is carrying unrealized losses approaching $9.7 billion — representing approximately 15% of its aggregate investment.
Historically, Saylor’s weekend social media activity has foreshadowed Monday morning SEC filings disclosing Bitcoin acquisitions. Previous cryptic captions such as “A good time to add more dots” and “Looks better with more dots” preceded confirmed purchase announcements. However, this pattern has grown increasingly unreliable.
A June 28 message reading “We’re gonna need more charts” was followed not by a purchase but by a revised capital allocation framework. The July 5 post preceded the historic sale disclosure. Sunday’s latest message provides no indication whether investors should anticipate additional purchases, further liquidations, or alternative corporate actions.
Standard Chartered Raises Red Flags Over Communication Strategy
Standard Chartered’s global digital assets research chief, Geoff Kendrick, cautioned that Strategy’s recent transactions and Saylor’s communication style “are muddying the waters for BTC near-term.”
In a research memorandum distributed to clients, Kendrick emphasized that transparent communication regarding Strategy’s revised strategy — utilizing Bitcoin as collateral for its STRC preferred shares — is critical to calming market concerns about potential large-scale liquidations. He suggested that strong signaling could potentially eliminate the necessity for Bitcoin sales entirely by stabilizing STRC’s market value.
Standard Chartered continues to project a $100,000 Bitcoin price target by year’s conclusion.
STRC Preferred Shares and Forthcoming Financial Results
Strategy’s STRC preferred stock instrument, engineered to maintain a $100 par value, reached its lowest trading level since inception last month. The firm recently increased the annual STRC dividend rate to 12% and disclosed that its dollar reserve had expanded to $2.55 billion as of July 5.
The company’s $1.25 billion BTC Monetization Program remained completely untapped as of that reporting date.
Strategy is scheduled to release Q2 financial results on July 30. Wall Street consensus estimates earnings of $4.28 per share. The company has underperformed analyst projections in six of its last eight quarterly reports, including a 33.76% earnings miss in Q1 2026.
The post Strategy (MSTR) Stock Plunges 70% as Saylor’s Cryptic Bitcoin Message Sparks Debate appeared first on Blockonomi.

Key Highlights
The ETH/BTC trading pair surged to 0.02858 this week, penetrating a resistance zone that remained intact since June
Spot Ethereum ETF products have registered more than $128 million in net accumulation during July, exceeding Bitcoin’s performance
The newly deployed Robinhood Layer 2 network utilizes ETH for transaction fees and processes final settlements on Ethereum mainnet
Bridged ETH volume to Robinhood’s network exploded by approximately 10x within seven days, crossing the $100 million threshold
Bitmine chairman Tom Lee identifies the ETH/BTC breakthrough as evidence of a fundamental crypto market transformation driven by stablecoin expansion, asset tokenization, and growing acceptance of “ETH as money”
Ethereum has successfully penetrated a critical resistance threshold versus Bitcoin that remained unbroken since early summer, with the ETH/BTC valuation reaching 0.02858. This development has captured significant attention from market observers evaluating whether this represents a sustainable trend reversal or merely temporary momentum.
Source: TradingView
Tom Lee, who chairs Bitmine, characterized this breakthrough as evidence that the cryptocurrency sector is reaching an inflection point. He identifies expanding stablecoin adoption, accelerating tokenization initiatives, and emerging Ethereum-centric platforms as fundamental support structures. Lee additionally referenced declining energy costs and legislative advancement on the CLARITY Act as favorable macro conditions.
As 2H 2026 starts, a key ratio is $ETH / $BTC price ratio
– given growth in stablecoins, tokenization, new @ethereum spinoffs
– these favor this ratio rising
macro should be on balance friendlier
– oil declines = less inflation
– crypto still a downstream story to AI
– Clarity… pic.twitter.com/jzAOUADqv0
— Bitmine (NYSE-BMNR) $ETH (@BitMNR) July 2, 2026
Lee has consistently monitored the ETH/BTC valuation ratio as a barometer for overall market health. His thesis centers on the expectation that recognition of “ETH as money” will accelerate meaningfully during the latter portion of 2026.
Institutional Capital Flows Favor Ethereum
Spot Ethereum exchange-traded funds have captured more than $128 million in net positive flows throughout July, surpassing their Bitcoin counterparts during the identical timeframe. This pattern indicates that institutional allocators are deliberately expanding their Ethereum positions.
Bitmine has been systematically building its Ether holdings through what Lee characterized as an intensive accumulation campaign. He recently suggested this aggressive buying phase is approaching completion.
Bitcoin’s market share has simultaneously increased, adding 1.5 percentage points in July and approaching the 60% resistance threshold. This dynamic suggests some capital rotation may still be favoring Bitcoin rather than departing from it entirely.
The ETH/BTC valuation remains negative by 7.72% across the previous three-month window, despite this week’s upward movement. Physical Ether investment products also experienced seven consecutive weeks of redemptions ending in late June, a pattern that has only begun to reverse recently.
Robinhood’s Layer 2 Network Creates New Demand Mechanism
A significant catalyst supporting Ethereum’s recent momentum is Robinhood’s freshly launched Layer 2 blockchain infrastructure. This network employs ETH as its primary gas denomination and anchors transaction finality to Ethereum’s foundational layer.
Source: Token Terminal
Lee characterized it as a breakthrough application that has already processed transaction volumes exceeding numerous established decentralized trading platforms. As network activity expands, corresponding ETH demand scales proportionally.
Blockchain analytics reveal that ETH quantities bridged from Ethereum mainnet to the Robinhood network multiplied nearly tenfold within a single week, exceeding the $100 million mark. Participants are deploying substantial liquidity into this ecosystem.
This represents tangible, quantifiable demand for ETH, connected to genuine transaction throughput rather than pure speculative positioning.
Ethereum’s Q3 2025 performance against Bitcoin featured a 53% surge before market participants eliminated approximately half those advances. The current Q3 2026 rally of 5% appears more modest, yet benefits from stronger on-chain utilization and institutional participation than earlier movements.
Whether this resistance breakout maintains durability throughout the remainder of 2026 will ultimately validate or challenge the timing of Lee’s optimistic forecast.
The post Ethereum (ETH) Surges Past Bitcoin Resistance as Tom Lee Predicts Major Crypto Shift in 2026 appeared first on Blockonomi.

Những điểm chính
Bitcoin giảm 1,8% xuống khoảng 62.853 USD sau khi căng thẳng Mỹ-Iran leo thang vào cuối tuần
Các cuộc trao đổi quân sự giữa Washington và Tehran diễn ra gần eo biển Hormuz có vị trí chiến lược quan trọng, với việc Iran tuyên bố tuyến đường thủy đã bị đóng
Giá dầu thô tăng khoảng 4%, đẩy WTI vượt ngưỡng 74 USD/thùng
Hợp đồng tương lai chứng khoán Mỹ giảm, trong đó hợp đồng Nasdaq-100 trượt 1,24%
Chi tiêu vốn cho trí tuệ nhân tạo đã nổi lên như trọng tâm hàng đầu của Phố Wall, lấn át các diễn biến địa chính trị

Điểm nổi bật
Vốn hóa thị trường của stablecoin đã giảm khoảng 10 tỷ USD so với mức đỉnh mọi thời đại vào tháng 5 năm 2026
Riêng trong tháng 6, lượng cung đã giảm 7,7 tỷ USD, đánh dấu mức co rút theo tháng mạnh nhất kể từ khi TerraUSD sụp đổ vào tháng 5 năm 2022
Nguồn cung USDT của Tether giảm từ 190 tỷ USD xuống 184 tỷ USD; USDC của Circle giảm từ 80 tỷ USD xuống 73 tỷ USD
Khối lượng giao dịch đạt mức kỷ lục chưa từng có là 1,78 nghìn tỷ USD trong tháng 6, ngay cả khi nguồn cung giảm
Các nhà quan sát thị trường cho rằng đợt suy giảm này chỉ là sự tích lũy tạm thời, không phải một thị trường gấu mới

Điểm nổi bật
Hayden Adams, người sáng lập Uniswap, đã công bố nền tảng này đang thu về 5,2 triệu USD phí mỗi ngày, với dữ liệu từ DefiLlama cho thấy 5,16 triệu USD
Chuỗi Robinhood vừa được ra mắt đóng góp 4,38 triệu USD vào tổng mức tạo phí hằng ngày kể từ khi ra mắt vào ngày 1 tháng 7
Khối lượng giao dịch trên các sàn giao dịch phi tập trung của Chuỗi Robinhood đã tăng gấp 20 lần trong vòng bảy ngày, với Uniswap chiếm lĩnh thị phần
Đề xuất quản trị cộng đồng nhằm triển khai cơ chế thu phí-và-đốt trên các pool v4 đã được thông qua với 93% ủng hộ
Token UNI hiện đang được giao dịch gần 3,62 USD, đánh dấu mức phục hồi khoảng 35% so với mốc 2,70 USD được ghi nhận vào đầu tháng 7

Key Takeaways
Cybercriminals gained unauthorized access to SpaceXAI and Starlink X profiles to advertise a fraudulent cryptocurrency named SCATMAN
The perpetrator created 10 trillion SCATMAN tokens and liquidated them for approximately $125,000 worth of Ethereum
Blockchain monitoring service Lookonchain discovered two cryptocurrency wallets associated with the cybercriminal
Both compromised accounts had the fraudulent content deleted shortly after detection
This incident represents the latest in a growing trend of compromised social accounts facilitating rapid cryptocurrency scams
Cybercriminals successfully infiltrated the SpaceXAI and Starlink profiles on X, leveraging them to advertise a fraudulent cryptocurrency called SCATMAN. The perpetrators escaped with approximately $125,000 worth of Ethereum before the malicious posts were discovered and removed.
Hacker Makes $125K After Hijacking SpaceXAI & Starlink X Accounts
The attacker promoted a fake $SCATMAN token through compromised social media accounts, minted trillions of tokens, and earned about $125,000 by dumping them before the scam was exposed.
Hacker's Wallet Addresses:… pic.twitter.com/YcjxPSRB8S
— Crypto Patel (@CryptoPatel) July 13, 2026
Breaking Down the SCATMAN Cryptocurrency Scheme
Blockchain analytics firm Lookonchain detected the fraudulent activity and successfully tracked the misappropriated cryptocurrency to two distinct digital wallets.
The cybercriminal generated 10 trillion SCATMAN tokens from scratch. The perpetrator then liquidated the complete token supply in exchange for 59 Ethereum, valued at approximately $108,000.
A secondary wallet tied to the identical perpetrator offloaded an additional 59.28 million SCATMAN tokens in exchange for 14.7 Ethereum, contributing roughly $27,000 to the overall proceeds.
Together, both cryptocurrency wallets accumulated just below $125,000. Lookonchain made both wallet identifiers available to the public.
Social media users shared screenshots depicting the SpaceXAI and Starlink profiles seemingly resharing posts from the SCATMAN profile. BeInCrypto was unable to independently confirm these allegations.
When the incident became public knowledge, the reshared content had already been removed from both profiles. BeInCrypto contacted SpaceX for commentary but received no reply before publication.
Recurring Trend of Social Media Account Compromises
This represents far from an unprecedented occurrence. Compromised social media profiles have evolved into a preferred mechanism for executing swift cryptocurrency scams.
Fraudsters specifically pursue accounts with substantial audiences because the inherited legitimacy generates immediate token purchases before investors discover the cryptocurrency’s fraudulent nature.
During February 2025, cybercriminals seized control of Pump.fun’s X profile to distribute a counterfeit token labeled PUMP. A single cryptocurrency wallet generated over $135,000 within 60 seconds.
Former Malaysian leader Mahathir Mohamad’s profile also fell victim to exploitation for token promotion purposes. That particular scheme generated $1.7 million in investor damages.
Myanmar’s military leadership and World Liberty Financial executive Zach Witkoff experienced comparable incidents during that same period.
The operational methodology remains identical throughout each occurrence. A reputable account undergoes compromise, a cryptocurrency token launches immediately, and the perpetrator liquidates holdings before legitimate account control is restored.
The SpaceXAI and Starlink profiles possess substantial brand recognition connected to Elon Musk, positioning them as premium targets for this category of fraudulent activity.
The SCATMAN cryptocurrency scam was executed swiftly, and Lookonchain has publicly exposed the perpetrator’s wallet addresses.
At publication time, neither SpaceX nor Starlink had issued official statements regarding the security breach.
The post SpaceXAI and Starlink X Accounts Compromised in $125K SCATMAN Token Scam appeared first on Blockonomi.

Key Takeaways
An inactive Bitcoin holder transferred 2,931 BTC valued at approximately $188 million following more than seven years of dormancy
The address previously conducted its last transaction on October 23, 2018, during a time when Bitcoin was valued at approximately $6,475
The asset value has increased by nearly ten times since the last recorded activity
The destination address remains inactive with no subsequent transactions recorded
Movements from long-inactive wallets frequently precede selling activity by holders
A significant Bitcoin holder transferred 2,931 BTC into a fresh wallet address this past Sunday, breaking a dormancy streak that extended beyond seven years and nine months.
The transaction, valued at approximately $188 million based on current market rates, was detected by Onchain Lens utilizing information from Arkham Intelligence.
A Bitcoin whale just woke up after 7 years.
2,931 $BTC (~$188M) was moved after sitting untouched since BTC traded at ~$6.5K.
Today, with BTC above ~$64K, the same stack is worth nearly 10x more.
Data credit: @arkham pic.twitter.com/y0JXIM91yK
— Onchain Lens (@OnchainLens) July 12, 2026
The originating wallet, labeled as “356my…BAsmK,” executed the transfer to an unidentified address, “bc1qn…8gp25,” occurring around 3:41 p.m. Eastern Time on Sunday.
No subsequent activity has been recorded from the destination address since receiving the Bitcoin.
The source wallet’s previous activity dates back to October 23, 2018. During that period, Bitcoin was valued at roughly $6,475 per coin.
This indicates the holder’s investment has appreciated by approximately ten times since the assets were last accessed.
The motivation behind this transfer remains unclear. Nevertheless, movements from extensively dormant wallets typically precede liquidation decisions by holders.
Interpreting Such Wallet Activity
When substantial, aged wallets initiate fund transfers, it captures the attention of market analysts and trading professionals.
A movement to an unmarked address doesn’t definitively indicate a sale, though it frequently represents a preliminary step toward that action.
Throughout Bitcoin’s record-breaking price levels in 2025, numerous major holders relocated coins following years or even decades of complete inactivity.
Among the most notable instances occurred in July 2025, when Bitcoin exceeding $8.7 billion in value was transferred after remaining untouched for 14 years.
That particular movement ranked among the largest dormant wallet transfers ever documented.
The present situation, though more modest in scale, adheres to the comparable general trend of major holders reactivating during or following periods of elevated valuations.
Bitcoin was valued at approximately $63,376 during the time of this report, showing a decline of roughly 1% across the preceding 24-hour period.
Bitcoin (BTC) Price
Certain reports indicated the price marginally exceeded $64,000 at various moments throughout Sunday, reflecting standard intraday price fluctuations.
The 2,931 BTC transferred on Sunday had remained static through numerous Bitcoin market cycles, encompassing the 2020 and 2021 bull markets, without displaying any activity.
The holder maintained their position as Bitcoin surged to $69,000 during late 2021, plummeted beneath $20,000 throughout 2022, and rebounded to establish new peaks in 2024 and 2025.
Whether the wallet is controlled by a private individual, corporate entity, or alternative organization remains undetermined.
Onchain analytics cannot disclose wallet owner identities unless they’ve been publicly associated with a recognized address.
No additional transactions have been documented from the receiving wallet at the time this report was published.
The post Bitcoin (BTC) Whale Awakens: $188M Transfer After 7+ Years of Silence appeared first on Blockonomi.

Key Highlights
Network processed more than 1 billion non-vote transactions during the week concluding July 6
Active wallet count skyrocketed from 16.8 million to 29.7 million within a two-week period
Total tokenized assets on the platform reached $3.3 billion, gaining $1.1 billion since early May
Token price hovers around $75 with downside risk toward $73-$74 if current support fails
Data from analyst Ali Charts shows approximately 8.4 million fresh wallet addresses created weekly on average
The Solana blockchain is achieving milestone after milestone in network usage, yet the native token’s market value isn’t following suit. This disconnect between platform metrics and price action represents the primary puzzle facing SOL investors today.
Solana (SOL) Price
During the seven-day span ending July 6, the Solana network processed over 1 billion non-vote transactions—marking an unprecedented achievement. Meanwhile, the count of weekly active wallet addresses exploded from 16.8 million to 29.7 million across just 14 days.
Crypto analyst Ali Charts highlighted on X that Solana “continues to see strong network growth, with an average of 8.4 million new addresses joining each week.” This consistent user expansion validates what transaction metrics have been demonstrating.
Solana $SOL continues to see strong network growth, with an average of 8.4 million new addresses joining each week. https://t.co/qYKznwKKhX pic.twitter.com/VtMFJcfHzv
— Ali Charts (@alicharts) July 13, 2026
The value of tokenized assets residing on Solana currently totals $3.3 billion, representing a $1.1 billion increase since May 9. The platform dominates on-chain tokenized equity trading with approximately 97% market share, hosting $318.7 million worth of tokenized stocks.
BlackRock-Backed OUSD Stablecoin Could Drive Massive Capital Inflows
A significant development looms ahead. Open USD (OUSD), a forthcoming stablecoin supported by over 140 financial institutions—including asset management giant BlackRock—is scheduled for native deployment on Solana before year’s end. The financial consortium selected Solana as its primary launch blockchain, potentially channeling billions in fresh liquidity to the ecosystem.
Yet despite this momentum, Solana’s economic model creates a fundamental gap. Network transaction fees remain exceptionally minimal, resulting in only approximately 1% of newly issued coins being burned. This structure means heightened on-chain usage alone won’t necessarily translate into substantial price appreciation for token holders unless the tokenomics framework evolves.
Technical Analysis Shows SOL Under Bearish Pressure
From a technical perspective, SOL faces downward pressure around the $75 level. The asset dropped below an ascending channel pattern following multiple rejections at a declining trendline in the $78-$79 zone.
$SOL Solana got rejected as expected, made lows near 75s. Looking more and more bearish with time. https://t.co/jmngYaj8Wg pic.twitter.com/b7T5iAYF4O
— Team LAMBO (@TehLamboX) July 12, 2026
Should buyers fail to push price back above the $78-$79 resistance area, the subsequent support level exists at $73-$74. A decisive breakdown beneath $75 could eventually expose the $60 price region.
Conversely, a sustained reclaim above $78.50 would strengthen the near-term technical structure. Successfully maintaining that level would position $95 as the following major upside objective.
SOL’s price at $75 remains substantially below valuations that would mirror the network’s exceptional activity levels. The platform’s $318.7 million in tokenized equity still lags behind Ethereum’s $648.9 million in comparable tokenized stock value.
The post Solana (SOL) Network Activity Surges While Price Remains Stagnant Below $80 appeared first on Blockonomi.

Các Điểm Nổi Bật
Thủ tướng Takaichi đã ủng hộ hệ sinh thái Web3 của Nhật Bản tại hội nghị WebX 2026 ở Tokyo, thu hút khoảng 15.000 người tham gia
Gói Hỗ trợ Khởi nghiệp Toàn diện của quốc gia đặt mục tiêu đầu tư cho khởi nghiệp hằng năm đạt 10 nghìn tỷ yên vào năm tài khóa 2027
Các nỗ lực lập pháp thúc đẩy cải cách thuế đối với crypto, đề xuất mức thuế suất cố định 20% trên lợi nhuận tài sản kỹ thuật số cùng với khả năng phát hành quỹ ETF tiền mã hóa
Ripple đã hợp tác với Web3 Salon để cung cấp các khoản tài trợ lên tới 200.000 USD cho các nhà phát triển Nhật Bản tạo ra các giải pháp trên Sổ cái XRP

Điểm nổi bật
Bitcoin giảm 1,8% xuống còn 62.853 USD sau khi căng thẳng ở Trung Đông leo thang
Thị trường tiền mã hóa tiếp tục đà trượt trong cuối tuần, dao động gần mức thấp nhất 12 tháng
Các quỹ ETF Bitcoin giao ngay đảo ngược tám tuần liên tiếp dòng tiền rút ròng, với 197,4 triệu USD vốn mới
Quỹ iShares Bitcoin Trust của BlackRock chiếm ưu thế với 291,9 triệu USD đóng góp hằng tuần
Các nhà quan sát thị trường vẫn thận trọng, với khả năng còn giảm thêm cho đến tháng 10
Bitcoin chịu áp lực giảm đáng kể vào thứ Hai khi căng thẳng leo thang giữa Washington và Tehran khiến dòng vốn rời khỏi các khoản đầu tư thiên về rủi ro, bao gồm cả tài sản kỹ thuật số.

Những điểm chính
Cổ phần của American Bitcoin, liên doanh đồng sáng lập của Eric Trump, đã giảm hơn 95% so với đỉnh cao mọi thời đại
Cổ phần sở hữu khoảng 6% của Eric Trump đã mất hơn 600 triệu USD về giá trị vốn hóa thị trường trong khoảng thời gian 10 tháng
Để duy trì tư cách niêm yết trên Nasdaq, công ty đã thực hiện một đợt chia ngược 1-cho-15 vào đầu tuần
Cổ phiếu đã chạm mức thấp nhất mọi thời đại vào giữa tuần
Kết quả quý 1 cho thấy khoản thâm hụt hoạt động 118,2 triệu USD, chủ yếu do khoản lỗ suy giảm (impairment) 117,2 triệu USD đối với các khoản nắm giữ bitcoin

Tóm tắt:
Các quỹ ETF Bitcoin thu hút 197,4 triệu USD và chấm dứt chuỗi rút ròng kéo dài tám tuần, dù dòng tiền chỉ khôi phục được một phần nhỏ trong số lỗ trước đó.
IBIT của BlackRock ghi nhận 291,9 triệu USD dòng tiền ròng vào theo tuần, trong khi các quỹ của Grayscale, Fidelity và ARK ghi nhận dòng vốn rút ròng kết hợp từ nhà đầu tư.
Nhóm này đã mất khoảng 8,26 tỷ USD trong tám tuần trước đó, khiến các nhà phân tích thận trọng khi chưa thể khẳng định nhu cầu dài hạn của tổ chức đã phục hồi bền vững.
Thanh khoản giao dịch yếu và báo cáo lạm phát của Mỹ ngày 14 tháng 7 có thể quyết định liệu dòng tiền ròng vào ETF mới nhất có phát triển thành một sự dịch chuyển phân bổ rộng hơn hay không.