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Crypto analyst Matthew Hyland, who has around 170,000 followers on X, predicted a potential two-to-three-year bull market for cryptocurrency, arguing that the macroeconomic environment is shifting to favor risk assets. According to CryptoPotato, Hyland identified the periods of 2014–2016, 2018–2020, and 2022–2026 as bear markets for macro risk assets, noting that major crypto bull runs have historically followed the end of such phases. He highlighted that BTC dominance has now formed a death cross for the first time since 2016 and 2020, and he anticipates a golden cross for altcoin dominance this fall. This pattern, he explained, is similar to trends observed at the beginning of previous bull markets.

According to Glassnode data, the volume of Bitcoin transferred to exchanges by long-term holders (LTH) in profit has fallen to its lowest level since early 2023. This suggests that profit-taking by this cohort has effectively come to a halt.

Eric Trump, son of U.S. President Donald Trump, announced on X that American Bitcoin's holdings of Bitcoin (BTC) have surpassed 8,000. He stated that despite volatility in the cryptocurrency market, the company achieved a 52% profit margin from its mining business in the first quarter and is continuously accumulating BTC as a treasury asset. Trump emphasized that this accumulation strategy will continue, noting that American Bitcoin maintains one of the lowest selling, general, and administrative (SG&A) expense ratios in the industry while steadily expanding its BTC reserves.

Tiger Securities has upgraded its rating on Coinbase from Hold to Buy and set a price target of $200, Walter Bloomberg reported. The firm stated that Bitcoin's risk-reward profile has improved following a sharp correction. It added that the worst of the crypto bear market is likely over and that the next bull cycle could be driven by recovering liquidity, increased institutional demand, and strengthening investor sentiment.

A surge in large-scale call option selling has coincided with a slowdown in Bitcoin's rebound, according to Greeks.live analyst Adam. He noted a sudden spike in BTC block call option trades on July 7. Given the decline in implied volatility, Adam suggested that large-scale investors, or whales, appear to be selling the calls. The analyst added that sell positions for this month's expiring call options have increased significantly, and margin secured after the June quarterly expiration is being rapidly shifted into option-selling strategies amid the current rebound. Next week's expirations are concentrated at the $66,000 strike price, he explained.

According to CoinNess market monitoring, BTC has risen above $64,000. BTC is trading at $64,007.17 on the Binance USDT market.

According to CoinNess monitoring, the price of the blockchain project TAC temporarily plummeted by approximately 80% to a low of $0.0067. According to Binance Alpha, TAC is currently trading at $0.00715, down 76.63%.

The U.S. Securities and Exchange Commission (SEC) has included three crypto-related items in its 2026 regulatory plan, according to The Block. The agenda includes a new proposal to amend regulations for exchanges and broker-dealers to accommodate digital assets. U.S. SEC Chairman Paul Atkins explained that the commission is embracing innovation to attract more financial products into the country. He added that the SEC is establishing clear rules for capital raising through cryptocurrencies and providing clear standards on how market participants can custody and support the trading of token securities on-chain.

A wallet associated with the World Liberty Financial (WLFI) Foundation deposited 170 million WLFI, worth approximately $10.22 million, into Binance about 20 minutes ago, according to EmberCN. The firm noted that barring any other significant developments, the deposit is likely intended for the seventh-month reward distribution for its USD1 deposit product.

An address associated with London-based asset management firm Abraxas Capital has deposited 8,000 ETH, worth approximately $14.15 million, into the decentralized lending protocol Aave, according to Onchain Lens.

Bitcoin's (BTC) dominance has fallen to a one-month low of 54%, leading to an expansion in altcoin market share, according to a CryptoSlate analysis of CoinGecko data. The report noted that BTC dominance recently dropped from 58.12% to its current level. In contrast, the combined market capitalization of altcoins, excluding BTC, Ethereum (ETH), and stablecoins, has risen from 19.39% to 24.68%. The Fear & Greed Index, a measure of market sentiment, also increased from 12 to 24 this week. CryptoSlate explained that this trend reflects a shift of investor funds toward yield-bearing tokens, Solana ecosystem infrastructure projects, and certain bullish altcoins such as HYPE.

An address believed to belong to crypto asset management firm CoinShares has deposited 63,000 ETH, worth $111.56 million, to Coinbase, according to Onchain Lens. Deposits to exchanges are typically interpreted as an intention to sell.

Whale Alert reported that 400,000,000 USDT has been transferred from an unknown wallet to Poloniex. The transaction is valued at about $400 million.

Decentralized exchange (DEX) aggregator 1inch announced on July 7 that it has appointed Holly Atkinson as its new Chief Product and Technology Officer (CPTO). Atkinson previously served as a blockchain architect at The Sandbox (SAND) and worked on metaverse technology at Boson Protocol (BOSON). The 1inch team stated that Atkinson will oversee the project's product strategy and be responsible for launching its core routing infrastructure and the shared liquidity protocol, Aqua.

Real-world asset (RWA) tokenization platform Ondo Finance (ONDO) has officially launched Ondo Perps, its in-house perpetual futures platform for RWA assets. The platform offers up to 20x leverage on perpetual futures for stock tokens and currently supports trading for 24 assets, including precious metals, commodities, ETFs, and U.S. stocks.

The three major U.S. stock indices opened mixed today. - S&P 500: -0.05% - Nasdaq: -0.48% - Dow Jones: +0.33%

Tether has announced a $20 million investment in Mercado Bitcoin, Brazil's largest cryptocurrency exchange. The exchange is securing the funds as part of its strategic growth plan. The new capital will be used to expand payment infrastructure, broaden token investment offerings for retail and institutional clients, advance on-chain capital markets, and pursue strategic partnerships and international expansion.

Justin Sun, founder of Tron (TRX), announced on X that the total value locked (TVL) of USDD on the Tron-based DeFi protocol Just (JST) has surpassed $400 million. USDD is a native stablecoin in the Tron ecosystem that maintains its $1 peg through reserves held by the Tron DAO, which include BTC, TRX, and USDT.

On-chain analyst EmberCN reported via X that an AKE market maker is selling 9.825 billion AKE, worth approximately $2.24 million, through transfers to Binance Alpha and on-chain. The price of AKE has since fallen 33% from $0.0003 to $0.0002. The analyst added that this follows a similar sale three days ago, when 3.944 billion AKE ($1.22 million) were transferred to Binance Alpha and sold. At that time, the price fell 40% from $0.0005 to $0.0003.

Asset management firm Vanguard, which oversees approximately $12 trillion in assets, has posted a public job opening for a "Head of Digital Assets" on its official website. According to the listing, the executive-level position within the Personal Wealth division will be responsible for overseeing the company's digital asset strategy and execution. Key duties include determining how Vanguard will engage with Bitcoin, tokenized real-world assets (RWA), stablecoins, and the broader blockchain market, as well as presenting a long-term roadmap. The move follows Vanguard's decision last December to allow the trading of cryptocurrency ETFs on its platform.

Bitcoin mining company CleanSpark (Nasdaq: CLSK) announced that it mined a total of 614 BTC in June and sold 429 of them. As a result, the company held 13,924 BTC at the end of June.

U.S. institutional crypto platform EDX Markets announced it has secured $76 million in a Series C funding round led by major Japanese financial firm SBI Holdings. EDX Markets plans to use the funds to expand its trading, clearing, and settlement capabilities, develop new products, and grow its global business. The company previously applied for a charter from the U.S. Office of the Comptroller of the Currency (OCC) to establish a trust bank, EDX Trust.

An address believed to belong to Bitwise, a spot Bitcoin ETF issuer and asset manager, withdrew $2.4 million worth of HYPE from crypto market maker Wintermute, according to an analysis by Onchain Lens. In addition to market making, Wintermute provides services including institutional liquidity and over-the-counter (OTC) trading.

Bitwise's XRP ETF has become the first of its kind to surpass $500 million in cumulative net inflows, The Crypto Basic reported. According to data from SoSoValue, the fund has not experienced a single month of net outflows since its launch last November. The next largest fund by cumulative net inflows is Canary Capital's XRPC with $466.97 million, followed by the Franklin Templeton XRP ETF (XRPZ) at $413.23 million.

The combined market capitalization of the dollar-pegged stablecoins USDT and USDC has fallen by $11 billion over the past two months, from $268 billion to $257 billion, CoinDesk reported. The outlet noted that while the two stablecoins' share of the total crypto market cap has remained relatively stable, there is a continuing trend of investors selling crypto for stablecoins and then moving those funds out of the on-chain ecosystem rather than reinvesting in risk assets.