Market Update Summary - July 7

Market Update Summary

Major Token Performance Performan

How to Read These Charts

These charts show the cumulative price returns of Bitcoin (BTC), Ethereum ETH), and the COIN50 index over the selected period — 30 days, 7 days or 24 hours. Returns are rebased to 0% at the start of each period to highlight relative performance trends between assets.

The BTC dominance line (secondary axis) tracks Bitcoin’s share of the total crypto market capitalization, offering context on capital rotation between BTC and altcoins. Rising BTC dominance typically indicates capital consolidation into Bitcoin, while a decline suggests increased risk appetite and flows into altcoins.

Use these charts to quickly assess:

• Which assets outperformed or underperformed over the period

• Whether market strength was concentrated (BTC-led) or broad-based

• How shifts in BTC dominance align with overall performance trends

How to Read This Table

This table summarizes the percentage price change of key crypto and macro assets over three timeframes: 30 days, 7 days, and 24 hours. It includes major cryptocurrencies (e.g., BTC, ETH, XRP, SOL), a benchmark altcoin index (COIN50), and traditional market comparables like gold (XAU) and the S&P 500 (SPX).

The data allows you to:

• Compare short-term and medium-term performance across sectors

• Spot momentum leaders and laggards in both crypto and traditional markets

• Assess whether market moves were broad-based or asset-specific

• Track how crypto assets performed relative to macro benchmarks

This table provides a concise view of market dynamics across different asset classes and helps contextualize crypto performance within a broader macro landscape.

Newly Listed Projects

As of 2025-07-04 15:00PM

Projects and Exchanges

Price Performance

Liquidity Performance

Smart Money Flows

Top 10 7D Flows

Bottom 10 7D Flows

These tables track the weekly movement of "smart money" wallets across various tokens and chains.

The Top 10 7D Flows table highlights assets that have seen the largest net inflows from smart money in the past 7 days. A high and rising 7D flow suggests growing interest, accumulation, or conviction by sophisticated traders, and may indicate strong underlying narratives or catalysts. Compare these flows with the token’s market cap to assess relative impact, inflows into small-cap assets are generally more price-sensitive.

Conversely, the Bottom 10 7D Flows table shows tokens with the largest net outflows from smart money wallets. Persistent or large outflows may reflect profit-taking, loss-cutting, or reduced confidence, and can signal weakening sentiment or fading momentum. Watch for sustained outflows alongside declining price or on-chain activity.

Use these tables to:

• Identify tokens where smart money is actively positioning

• Spot emerging narratives or sentiment reversals

• Gauge chain-specific flows, e.g., Solana vs. Ethereum vs. Base

• Inform rotational strategies across high-alpha tokens

Stablecoin Flows

Stablecoin flow data provides a real-time pulse of capital movement across exchanges and chains.

Rising stablecoin balances on-chain or on exchanges often indicate inbound liquidity, capital sitting on the sidelines potentially awaiting deployment into crypto assets. Large inflows may precede buying activity, suggesting growing market participation or renewed confidence.

On the other hand, net outflows of stablecoins could imply that capital is either exiting the crypto ecosystem or being actively deployed into volatile tokens, especially when accompanied by declining exchange balances or stablecoin dominance.

Use stablecoin flows to:

• Detect early signs of market risk appetite

• Monitor capital rotation between stablecoins and volatile assets

• Confirm the sustainability of rallies (is money really coming in?)

• Support broader macro or positioning views from other data (e.g., smart money behavior or BTC dominance)

Macro & Crypto News

July 3: BlackRock’s Bitcoin ETF Now Outearning Its Flagship S&P 500 Fund

BlackRock’s iShares Bitcoin Trust (IBIT) is raking in more annual fee revenue than its much larger iShares Core S&P 500 ETF (IVV), according to Bloomberg. Despite managing only $52 billion in assets—compared to IVV’s $624 billion—IBIT is projected to generate $187.2 million per year, thanks to its higher fee structure. This marks a milestone for the asset manager, as its Bitcoin ETF now surpasses its flagship equity fund in revenue despite the vast difference in scale.

July 3: U.S. Jobs Report Beats Expectations as Payrolls Climb, Unemployment Dips

The U.S. labor market showed unexpected strength in June, adding 147,000 nonfarm payrolls—well above the projected 110,000. Contrary to forecasts of a rise, the unemployment rate edged down to 4.1% from an expected 4.3%. Markets reacted positively, with futures for the Nasdaq 100 and S&P 500 both up roughly 0.3%. Meanwhile, the 10-year Treasury yield surged nine basis points to 4.36%, reflecting shifting expectations around economic resilience.

July 1: Circle Seeks National Trust Bank Status to Oversee USDC Reserves

Circle has filed an application with the U.S. Office of the Comptroller of the Currency to establish a federally regulated trust bank. The proposed institution, named First National Digital Currency Bank, would manage USDC reserves and provide services to institutional clients. If approved, the charter would place Circle under direct federal oversight—marking a significant step toward aligning the company with traditional banking standards and regulatory frameworks.