Plus: Germany’s biggest finance group goes crypto

GM. We’re out of oranges, so today’s mix is half papaya, half intrigue, and a splash of meme syrup.

👀 Robinhood and Gemini tokenizing RWAs.

🍋 News drops: German finance giant gets into crypto, voting on One Big Beautiful Bill amendments starts + more

🍍 Market flavor today

Crypto Market Cap: $3.30T -0.84% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$106,446.89	-0.76%	1.13%
	Ethereum ETH	$2,426.93	-1.26%	-0.11%
	XRP XRP	$2.19	0.36%	0.35%
	BNB BNB	$647.58	-0.81%	1.29%
	Solana SOL	$147.77	-2.69%	1.97%

As you can see, Bitcoin's holding that $100K - $110K range, which backs up what we discussed yesterday.

Bitfinex analysts also think that we’re in a consolidation phase - or possibly hitting a short-term top - rather than preparing for another run higher.

And the data agrees: spot volumes are cooling off, aggressive buying is weakening, and more traders are taking profits.

That said, the sky isn't falling. According to the analysts, the longer-term support levels are holding up, so we're really just in a transition phase.

And what happens next comes down to two main factors: whether institutions keep buying (especially through ETFs), and how macro events play out.

So far, the institutional buying is doing its part: ETFs had another $102.1M in inflows just yesterday, and heavyweights like Strategy and Metaplanet are maintaining their buying spree.

As for macro news to watch out for this month:

🗓️ July 3: June Jobs report - monthly US employment data.

It's a key indicator of economic health - more jobs usually mean a stronger economy, fewer jobs could mean a slowdown.

🗓️ July 9: Tariff deadline - end of the 90‑day pause on the extra reciprocal tariffs above the base 10%.

• If tariffs return, it could push up prices and scare markets;

• If they don't, that's good news for risk assets like crypto.

🗓️ July 15: US June CPI - the inflation report everyone watches.

Cooler-than-expected numbers could open the door for Fed rate cuts, which typically helps risk assets.

🗓️ July 16: US June PPI - producer prices before goods hit stores.

Since this feeds into future inflation expectations, a dip here could make the Fed less aggressive.

🗓️ July 24: ECB Policy Meeting- European Central Bank rate decision.

A rate cut in Europe could help risk assets.

🗓️ July 30: FOMC Meeting & Press Conference - Fed rate decision. After the meeting, Fed Chair Jerome Powell explains their decision and gives hints about future plans.

The big event.

If Powell hints that rate cuts could happen soon, expect markets to react quickly.

So basically, it's kind of a waiting game right now.

Bitcoin's structure looks good as long as it holds above $99K, but to push towards new highs, we'll need a solid catalyst.

And, hate to break it to you... but don't be surprised if that catalyst doesn't come anytime soon.

We just entered Q3, which has historically been Bitcoin's weakest quarter.

So if we get range-bound action for a while, that would actually be pretty normal. Unfortunate, but normal.

🐳 War of Whales is ON

While you’re doomscrolling, someone’s out there winning stuff you didn’t even know was on the table. Let's fix that.

Our friends at BloFin launched War of Whales - a massive futures trading competition where the prizes are absolutely insane.

We're talking over $4 million in USDT, along with a Rolex, an iPhone 16, a MacBook, and even a Tesla Cybertruck.

The formula’s simple: the more you trade, the better your chances and the bigger your prizes.

This ends July 15. So, what are you waiting for? 🤨