News linked to both this project and an event.
ARK Invest's "The Bitcoin Quarterly" report for Q2 2026 indicates Bitcoin fell approximately 14% in the second quarter, closing around $58,544, and broke below three major technical moving averages. Historically, this technical pattern is often associated with bearish market conditions. The report shows that despite price pressure, Bitcoin Long-term Holders continued to accumulate, pushing their holdings to a new all-time high of approximately 14.85 million BTC, absorbing coins released during the market correction.ARK Invest stated that on-chain data is signaling signs of seller exhaustion: the supply of BTC in loss exceeds the supply in profit, and the rate of realized losses once surpassed the rate of realized profits. Historically, similar phenomena have often clustered near the bottom of market cycles.The report also pointed out that institutional demand in the Bitcoin market is facing pressure. Both corporate Bitcoin reserves (Treasury Companies) and the ETF ecosystem have shown signs of weakness:The STRC preferred stock price once fell to approximately $74.57, below its $100 par value;U.S. spot Bitcoin ETFs experienced net outflows for 7 consecutive weeks, with cumulative outflows totaling approximately 70,000 BTC.ARK Invest believes that ETF outflows indicate a weakening of important marginal buying pressure for Bitcoin, but continued accumulation by long-term holders suggests a redistribution of coins is occurring within the market.The firm stated that a clear divergence is currently forming between BTC's price performance and the behavior of long-term holders. Historical data shows that such divergences can often serve as important observation signals for market cycle turning points.
CryptoQuant analyst Darkfost stated that Bitcoin miners are currently facing severe operational pressure, with their financial health indicators dropping to levels seen during historical bear market high-pressure phases. Analyzing multiple data dimensions including miner issuance revenue, block time, transaction fees, and overall revenue, the Miner Financial Health Ratio (7-day average) is currently fluctuating within the 10% to 30% range, reflecting significant pressure on mining enterprises' profitability, as similar low levels typically only appear near peak bear market periods.
According to STAR Market Daily, Morgan Stanley issued a report indicating that TSMC's 2026 full-year revenue guidance significantly exceeded expectations. The company raised its 2026 revenue growth guidance to over 40% year-on-year, previously over 30%. Management attributed the upward revision to strong AI demand, despite challenges in consumer demand. Cloud Service Providers (CSP) customers are rapidly increasing cloud capital expenditure. TSMC did not update its AI semiconductor revenue CAGR forecast, but stated that actual performance is higher than the previous forecast of 55%-60%. The bank believes a 70% to 80% CAGR for TSMC's AI semiconductor business is a reasonable assumption. The bank raised its target price from 2,888 New Taiwan Dollars to 2,988 New Taiwan Dollars, maintaining an "Overweight" rating. In a volatile market environment, the company's quality profitability should continue to attract capital inflows; next, the 2026 second-quarter cloud capital expenditure updates announced by CSP customers will be an important catalyst.
The current Bitcoin Market State Score is +34.7, within the bullish zone; Market State Confidence, reflecting the consistency of the model's components, has risen to 79.4%, approaching the high confidence threshold.
Odaily Planet Daily reports that BlackRock’s second-quarter revenue increased 31% year-over-year to $7.1 billion, with adjusted operating income up 39% to $2.9 billion. AUM reached $15.3 trillion, with net inflows of $868 billion over the past 12 months. BlackRock has filed two registration statements with the U.S. Securities and Exchange Commission (SEC) for tokenized money market funds. One proposal aims to create a tokenized share class for an existing fund on Ethereum, while the other is a digital-native strategy. BlackRock’s iShares ETF platform has AUM exceeding $6 trillion, with net inflows of $178 billion in the second quarter. Its digital asset-related AUM stands at approximately $110 billion, with the iShares Bitcoin Trust, Ethereum Trust, and BUIDL remaining the largest products in their respective categories. BlackRock also manages the $60 billion in reserves of stablecoin issuer Circle. The company has increased its 2026 stock buyback plan to $2 billion and repurchased $450 million worth of shares in the second quarter.
According to on-chain analyst Darkfost (@Darkfost_Coc), the proportion of loss-making UTXOs in the Bitcoin market continues to expand, and the loss/profit UTXO ratio has risen to an extreme range, a level that has historically only appeared during periods of deep stress in bear markets. Darkfost pointed out that this indicator measures market sentiment by calculating the ratio of the number of profit and loss UTXOs, is not distorted by the absolute value of BTC price, and has strong historical consistency. Current readings indicate significant holding loss pressure, suggesting certain accumulation value from a long-term perspective; however, caution is warranted when market sentiment shifts, as a rapid climb in the number of profit-making UTXOs could drive the ratio sharply higher, which may then signal an intermediate top.
According to Odaily, Citrini analyst jukan posted on platform X that The Information reports DeepSeek's ARR is nearing $500 million, and the company has successfully raised $7.4 billion in funding. DeepSeek is designing a second funding round to allow it to raise dollar-denominated capital from overseas investors, with a particular focus on attracting investment from the Middle East. DeepSeek has also hired investment banks to prepare for an IPO on the Shanghai STAR Market, targeting a listing next year. By selling access to its latest flagship model V4, DeepSeek maintains a gross margin of over 50%.
On-chain data shows that Bitcoin long-term holders are gradually transferring holdings to a new round of buyers. Glassnode's RHODL Ratio began to decline after reaching a historical second-high of 6.5 in early July and has now fallen below 6, but the Bitcoin price remains trading sideways around the $60,000 range, with no significant panic selling observed.
According to The Block, Mizuho Bank analysts noted that while Circle's approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish a national trust bank helps enhance its compliance credibility, it is insufficient to resolve current core pressures—the continued shrinkage of USDC market cap and increasingly fierce competition from Open USD—which still constitute a significant drag on $CRCL stock price.
Goldman Sachs raised SanDisk's price target from $1,200 to $2,200 and reiterated its "Buy" rating
Affected by the mutual airstrikes between the US and Iran over the weekend, market risk-off sentiment intensified. Bitcoin has fallen more than 1% since 00:00 UTC on July 13, hovering around $63,000. Meanwhile, Brent crude oil once rose more than 3%, amid market concerns over shipping risks in the Strait of Hormuz and the potential inflationary pressure.
: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.
Odaily news, Citrini analyst jukan posted on X platform, stating that local South Korean brokerages expect SK Hynix's operating profit to reach 60.4 trillion KRW, a 61% increase quarter-over-quarter and a 556% increase year-over-year, but still 8% below the market consensus of 65 trillion KRW. The shortfall is mainly due to SK Hynix's higher proportion of HBM revenue compared to its peers, resulting in its average selling price growth being lower than the market average.
According to a post by Alex Thorn (@intangiblecoins), Head of Research at Galaxy Research, metrics related to Bitcoin long-term holders have all reached all-time highs: Supply held for ≥10 years accounts for 17.7% Long-term holder holdings reach 16.75 million coins Long-term holder Realized Market Cap reaches $836.4 billion Long-term holder average cost basis reaches $50,000 The above data indicates that a large amount of holdings are firmly locked by long-term holders; even though the average price has reached $50,000, they refuse to sell. The market's actual circulating supply continues to tighten, and long-term holder behavior is building solid bottom support for Bitcoin prices.
CryptoQuant analyst Darkfost stated in a post that the Bitcoin price has been below the Short-Term Holder Cost Basis (STH Cost Basis) for more than 9 consecutive months. Historically, such prolonged phases of short-term holder losses are often highly correlated with bear market cycles. Currently, the Bitcoin short-term holder cost basis is approximately $70,700 and continues to act as a resistance level above. The market trend in May already reflected this pressure, when BTC surged to near $82,000 to test the region before quickly encountering a pullback.
CryptoQuant analyst Darkfost posted that since October 2025, the market value of holdings of Bitcoin treasury companies has declined from $396 billion to $272 billion, a cumulative drop of over $100 billion. Data shows that although these companies' Bitcoin holdings increased from 953,000 to the current 1.14 million, most of the Bitcoin reserves were accumulated at high prices. November 2024 to October 2025 was the most aggressive buying phase for corporate treasury companies, when Bitcoin prices were mainly in the $75,000 to $125,000 range. Currently, the pace of accumulation has nearly stalled. Whether these enterprises will follow Strategy's example and choose to sell holdings at low levels remains to be seen.
Standard Chartered stated that it maintains its Bitcoin price prediction of reaching $100,000 by the end of 2026, believing that the recent market decline triggered by Strategy's (formerly MicroStrategy) related activities is not due to a deterioration in the company's balance sheet, but rather a strategic adjustment that the market has not fully understood.Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, noted in a report that Strategy's recent behavior is disrupting short-term market expectations for Bitcoin. The market had previously accepted the company's narrative of "never selling Bitcoin," but now Strategy appears to be shifting towards a more complex capital operation model. How clearly the company can communicate this change will determine when market pressure eases.Currently, Strategy holds 843,775 Bitcoins, representing approximately over 4% of the total 21 million Bitcoin supply. From 2020 to mid-2025, Strategy's mNAV (Market Value of Enterprise / Bitcoin Asset Value) was consistently above 1, allowing the company to raise funds through stock issuances to purchase Bitcoin and achieve shareholder value growth. The commitment to "never selling Bitcoin" was central to this model gaining market acceptance. However, with the current mNAV approaching 1, the leverage effect of this financing model is weakening.Kendrick believes Strategy is transitioning from a "Bitcoin accumulation tool" to a "Bitcoin credit support tool." This involves using its Bitcoin holdings as the credit basis for its perpetual preferred stock, STRC. Currently sized at approximately $10 billion, STRC is the largest financial instrument launched by Strategy, offering an annualized dividend rate of 12%, paid semi-monthly in cash, and is designed to maintain a price near its $100 par value through interest rate adjustment mechanisms.Standard Chartered indicated that STRC is currently trading around $90, while Strategy's dollar reserve for paying dividends stands at approximately $2.55 billion, covering an estimated 17.4 months of dividend expenses.Kendrick stated that Strategy's policy adjustment allowing for Bitcoin sales does not necessarily mean the company will continuously sell. He believes that as long as the market believes the new capital structure arrangement can stabilize the STRC price, Strategy may not actually need to sell Bitcoin. He compared this mechanism to a central bank's commitment to "do whatever it takes": mere restoration of market confidence may mean actual intervention never occurs. (The Block)
Monitoring by the PPP Prediction Market Tool shows that in the Predict.Fun prediction event for the "League of Legends MSI Losers' Bracket G2 vs. LYON," the probability of G2 defeating LYON is currently reported at 78%.At 4:00 PM today, the League of Legends MSI Losers' Bracket will see G2 face off against LYON. The winner of this match will continue their run in the lower bracket, while the loser will be eliminated from this year's MSI.G2 previously won 3:2 against TES, then lost to HLE and fell into the losers' bracket, before defeating T1 in the last round to advance further. LYON, after losing to BLG in the winners' bracket, moved to the losers' bracket where they defeated TSW, earning another chance to stay in the competition. For G2, facing LYON is a hurdle they must overcome to continue their push towards the losers' bracket final. For LYON, this is an opportunity to prove they can still create upsets.Join the PPP Signal Push Community to get ahead and seize the opportunity first.
on-chain analyst Ai Yi posted on Platform X, stating that Memecoins are becoming the primary traffic gateway for Robinhood Chain. CASHCAT reached a market cap of $100 million within five hours, and Robinhood CEO @vladtenev participated in related discussions. Robinhood Chain saw over 10,000 new tokens launched in a single day, with DEX trading volume exceeding $560 million. Robinhood Chain is an L2 network. Users can add the network via wallets such as OKX, Binance, and MetaMask, with Chain ID 4663. The official Robinhood Wallet is available on iOS and Android mobile apps and features cross-chain functionality. Cross-chain methods on Robinhood Chain include the official cross-chain bridge, Robinhood Wallet, and third-party aggregators like Relay, Stargate, and Across. Withdrawals via the official cross-chain bridge have a 7-day waiting period. DEXs on the Robinhood Chain ecosystem include Uniswap and NOXA Fun. Meme tracking tools include DEXScreener and GMGN.
Glassnode's latest weekly report states that Bitcoin has consistently traded below the Realized Market Mean and Short-Term Holder Cost Basis over the past five months, remaining in a deep value zone, indicating that although the market bottoming process is advancing, it is not yet complete. On-chain data shows that Long-Term Holder loss realization accounts for 43% of total Realized Value, with the recent daily average loss realization peak rising to $280 million, the highest level since December 2022, indicating that selling pressure has not yet significantly cooled.