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Daily Market Report #780

It is Monday, the last days of June are here, and the last days of the quarter are here too.

Let’s start this week.

This could be a very interesting one, and one that could make history. More on that later in the text.

The week ahead is fully stacked with different things. We will get the June jobs report data to see how many jobs were lost. On Friday, the US market closes, and the CLARITY Act signing target lands over a holiday weekend with the market shut and liquidity thin.

I mean, you all know what July 4 means for the US, so it will be very interesting to watch.

We also have to look at gold sitting at $4,050 and silver at $58. I have not mentioned silver for a long time. Silver is still absolutely 50% down, so do not let anyone tell you Bitcoin is doing badly when you look at silver.

And this is the day Q2 ends, and barring a miracle in the next few hours, Ethereum closes its first-ever third consecutive red quarter.

That has never happened before.

Ethereum is at $1,573, and it got flipped by Tether. It is staring at a $30M funding gap while the Foundation cuts 40% of its budget. The most important smart contract platform and the world computer on earth is closing the worst stretch of its life.

And that is just a sign of the bear market we do not see, or do not want to cover.

Bitcoin is sitting at $59,726. Dominance is still sitting at 55%, and the number tells you the story. BTC is holding while alts got really destroyed. Fear & Greed is falling more and more again, back to the lows we had in March when the war started.

Then we have Solana sitting at $71. It has relative strength against Ethereum, but it is still not doing that well because its main platform, Pumpfun, is launching tokens with USDC inside Solana. So the upside there is missing. The locking up of Solana is missing. It is locking up USDC instead.

To be honest, that was one of the big catalysts for Solana before. And with it missing, we are looking at a few things that could happen.

Then we have XRP sitting at $1, BNB at $550. Both are down 60-70% from their all-time highs.

We have HYPE sitting at $62. The ETF influence is still coming under the surface, even as the token does a lot.

We have Zcash sitting at $377 and Monero at $309. We see that privacy is getting a little quieter.

And talking about privacy, the European Union has announced that they will ban privacy tokens. They do not want privacy. They also do not want Binance in the European Union because Binance does not want to be transparent.

Another case here, which will be very interesting to watch.

We have Coinbase and OKX getting licenses to operate in Europe.

We have LINK sitting at $7.20. Despite connecting the whole internet and the whole magic internet money, it is still not doing that well.

Then we have Arthur Hayes. He posted a $4 CARD target on June 24 when it was at $0.30. He probably also got tokens under that price. Then the next day, he moved his CARD and sold it.

So we see the same pattern as HYPE, ZEC, and other wild tokens. He posts a target, moves the bag, and the followers become the exit.

It is not a coincidence anymore. It is a business model, and one for the courtroom if it keeps going.

Very interesting to watch, I have to be honest.

Then we had Telegram renaming to Gram.

Last week, I was at the SUI event. SUI is now sitting at $0.69. People there were very excited for SUI.

And then we have the Black Bull memecoin, which ran to $90M yesterday on the Solana blockchain. But imagine, it sits at $90M and the liquidity is $900K.

So there are many millionaires on paper.

Speaking of millionaires, there is a billionaire who hit the news yesterday.

It is Adam Weitsman, who bought over 600 Creepz, the entire 636 treasury, then swept 50 more off the floor and hinted that a new team is coming.

As a Creepz holder watching a collector take the whole treasury with conviction while the rest of the NFT market sleeps, this is the first real sign of life for that collection in a long time.

Someone with deep pockets betting on the OG collection at the bottom is the move the market needs to see.

And it is really very interesting to follow along.

I really hope there is something coming in the future for Creepz, as I have been holding this bag from day one, from the mint.

Then we have the OpenAI IPO delayed after the SpaceX rout. The same is probably happening for other AI companies and models like Anthropic.

And yeah, I hope more news is coming.

Last day of Q2.

What are you watching this week?