Crypto Market Dips as BTC, ETH Slide; JTO, PUMP, PYTH Outperform on Ecosystem News

I. Crypto Market Overview

Key Takeaways

Macro Environment

Geopolitical tensions remain high as the US-Iran conflict impacts global risk sentiment and crypto market cap. The Federal Reserve maintains a hawkish stance, holding rates at 3.50%-3.75%, reducing near-term cut expectations. China signals potential monetary easing amid weak demand, which could influence global capital flows into crypto.

Crypto Market

The crypto market declined over the past 12 hours, with BTC down 2.46% to $62,374 and ETH down 2.01% to $1,767.75, pressured by risk-off sentiment and ETF outflows. Most altcoins fell, but Jito (JTO) rose 9.38%, PUMP.fun (PUMP) gained 6.01%, and PYTH Network (PYTH) climbed 3.28%, driven by ecosystem activity and new listings.

Today's Outlook

WebX 2026, Asia's leading crypto conference, opens in Tokyo, gathering industry leaders for key discussions. Tellor's governance vote and the MIP-021 buyback go live, while Arbitrum unlocks 0.93% of its supply, potentially affecting market liquidity.

Fear and Greed Index

96.00% Annual Percentile

31 Fear

Total Crypto Market Cap

$2.15T

2.23%

Total Market Trading Volume

$57.44B

11.91%

Altcoin Season Index

91.67%

Quarterly Percentile

59 / 100

Total Futures Market Open Interest

1.87B

1.08%

Futures

391.84B

3.53%

Perpetuals

II. Industry Updates

Macro-economic Policies

The US announced plans to reinstate a blockade in the Strait of Hormuz, escalating geopolitical tensions and potentially impacting global oil prices, which could increase volatility in BTC and DeFi liquidity.

China's Premier Li Qiang called for counter-cyclical economic adjustments amid weak consumer demand and a declining property market, signaling potential monetary easing that may affect global risk appetite and crypto inflows.

Upcoming US CPI and PPI data releases this week are expected to influence Federal Reserve policy expectations; higher-than-expected inflation could pressure BTC and risk assets, while softer data may support crypto market sentiment.

Fed Chair Kevin Warsh signaled a hawkish stance, with the federal funds rate held at 3.50%-3.75% and a projected year-end rate of 3.80%, reducing the likelihood of near-term rate cuts and potentially dampening crypto market liquidity.

US-Iran tensions and the Hormuz blockade have led to a 1.15% drop in total crypto market capitalization, with Bitcoin trading near $63,176, reflecting heightened macro risk and increased market sensitivity to geopolitical developments.

Cryptocurrency Regulatory Trends

A major US housing bill with a provision banning the Federal Reserve from issuing a digital dollar (CBDC) through 2030 became law, removing the Fed's option to create or test a digital dollar and impacting future US digital currency policy.

Circle has received final approval from the OCC to establish a national trust bank, enabling deeper integration of stablecoin operations into the US banking system and potentially boosting institutional confidence in regulated digital assets.

The US Senate is set to release the latest version of the Clarity Act this week, consolidating committee inputs; the bill faces a crucial four-week deadline for passage, with its outcome likely to shape the regulatory landscape for crypto markets in 2026.

North Carolina enacted new regulations for cryptocurrency ATMs, mandating fraud warnings, transaction limits, and capped service fees, aiming to enhance consumer protection and reduce crypto-related scams in the state.

Thailand's central bank will tighten USDT regulations in Q4 2026, requiring documentation for large stablecoin transfers to increase transparency and curb illicit capital flows, which may affect stablecoin usage and compliance in the region.

Jito (JTO): JTO surged 9.4% in 24h with $60M volume, driven by strong liquid staking demand and MEV rewards on Solana, boosting user engagement.

Pump.fun (PUMP): PUMP rose 6% in 24h with $73.8M trading volume, supported by high activity on its launchpad and AMM protocol within the Solana ecosystem.

PYTH Network (PYTH): PYTH gained 3% in 24h with $21.8M volume, fueled by new asset listings and expanded institutional data feeds, as announced on July 13.

Smart Money Movements

A dormant Bitcoin whale moved 2,931 BTC worth $188 million after seven years of inactivity, signaling significant on-chain activity.

A whale swapped 13,708 ETH for 393.4 BTC, a $25 million transaction, capitalizing on the ETH/BTC exchange rate rebound to 0.02855.

Bitmine acquired 27,801 ETH valued at $49.12 million last week, while maintaining its Bitcoin position unchanged.

Global public companies, excluding miners, net sold $85.45 million in Bitcoin last week, with Strategy and Metaplanet making no new BTC purchases.

Bitcoin ETFs ended an eight-week outflow streak with $197 million in net inflows, indicating a potential shift in institutional sentiment.

Events to Watch

Jul 13 (Mon)

WebX 2026, Asia's leading crypto conference, opens in Tokyo; industry leaders and major projects gather for key discussions.

Jul 14 (Tue)

US June CPI and Core CPI data to be released at 8:30 AM ET; WebX 2026 continues in Tokyo with top crypto stakeholders.

Jul 15 (Wed)

US June PPI and Core PPI data scheduled for release; China Q2 GDP and June economic indicators to be published.

Jul 16 (Thu)

Arbitrum (ARB) will unlock 92.65 million tokens worth $8.53 million, potentially impacting market liquidity.

Jul 17 (Fri)

US lawmakers to hold CLARITY Act hearing on crypto regulation; outcome may shape future US crypto market rules.

III. Phemex Market Focus

New Listings

Jul 13: (SKHY/USDT)

New futures trading pair SKHYUSDT with linear USDT-margined and hedge mode support

Table of Contents