🚨$15.5B CIRCLE JUST LOST ITS SPOT IN FIVE RUSSELL GROWTH INDEXES.
Circle $CRCL has reportedly been removed from five Russell Growth benchmarks, including the Russell 1000, Russell 3000 and Russell Midcap Growth indexes.
The removal came from FTSE Russell’s latest reconstitution, where stocks are reclassified based on size and growth/value style factors.
Since then, $CRCL has fallen -17.55% to $62.6, erasing roughly $3.6B in market cap.
📊 Decentralized Perpetual Exchanges Continue to See Strong Activity 👀
Decentralized perpetual exchanges (DEXs) continue to achieve high trading volumes, as the crypto market remains volatile 🔥
@HyperliquidX maintains its leading position by a significant margin, having recorded:
• $254 billion in monthly trading volume 📈
• Nearly four times that of its closest competitor, Aster DEX, which recorded $61.2 billion in trading volume.
This performance indicates Hyperliquid's continued dominance of the onchain perpetual exchange market, with traders increasingly turning to decentralized platforms.
Market volatility remains the primary driver of perpetual trading activity, as trading volumes typically rise with increased price movement and speculative opportunities.
Hyperliquid doesn't just seem to be leading the market... it's continuously widening the gap with its competitors 👀.
🟠 Bitcoin (BTC): Reached a significant support level of $60,000 during the correction. If it can hold above this level, we could see the start of a new upward trend.
🔵 Ethereum (ETH): Still trading below $1,600, it needs to return and hold above this level for the market to regain positive momentum.
JUST IN: In India, a digital dollar now costs more than a real one. $USDT , the token built to equal one US dollar, trades at 102.88 rupees on Indian exchanges. The official dollar is 94.65. Indians are paying an 8.5 percent premium for a dollar, because their government just raided the companies that supplied them.
On June 17, India's Enforcement Directorate searched five crypto firms in Bengaluru and accused them of moving over 2,500 crore rupees, about 260 million dollars, across the border in stablecoins, bypassing the banks. Those firms were the on-ramps that fed the country's USDT supply. After the raids, the importers went quiet, supply collapsed, and the local price of a dollar hit its highest in memory.
This is not a money-laundering case, and that is the strange part. The agency itself says these transfers break the law even when the money is completely clean. The offense is not theft. It is sending money abroad without passing through a licensed bank. India is not policing crime. It is policing the exit.
This is not Tether breaking either. Everywhere else, USDT is still a dollar. The premium is pure Indian scarcity, not a crack in the coin.
And the wall does not kill the demand. Crypto inflows into India hit 340 billion dollars last year, nearly 9 percent of its economy. The country already taxes crypto at 30 percent and tried to wall it off once before, in 2018. The money went offshore and came back. The premium is that same hunger refusing to die, only costlier and better hidden than before.
You can tell it is a choice by looking at Turkey, where the lira is in far worse shape than the rupee. There, USDT trades at almost exactly the official dollar rate. No raids, no premium. The difference is not how badly people want dollars. It is whether the state polices the bridge or builds one.
On July 2, India's Parliament questions the central bank on crypto for the first time. The RBI wants it caged. The 8.5 percent premium is the answer it already has: a capital control you can watch in real time, quoted to the last paisa.
🚨 IS BLACKROCK GETTING READY FOR A MAJOR BITCOIN MOVE? 👀
BLACKROCK JUST TRANSFERRED MORE THAN $550 MILLION WORTH OF $BTC AHEAD OF THE U.S. MARKET OPEN.
While massive on-chain transfers always grab attention, a move to Coinbase Prime does NOT automatically mean BlackRock is selling. These transfers are often tied to ETF creation, redemption, or custody operations.
Still, when the world's largest asset manager moves this much Bitcoin, the market pays attention.
What's your take—routine ETF activity or the start of something bigger? 🚀
Many called it “digital gold”. This year gold hit a record high and Bitcoin lost more than half its value.
Bitcoin peaked at 126,000 dollars last October. It now trades near 60,000, a fall of more than 50 percent. Over the same stretch gold set records and the S&P 500 rose about 10 percent. The asset sold as the hedge against a broken monetary system dropped hard while the original hedge, gold, soared, and while ordinary stocks climbed.
The single-week ETF outflow everyone is posting is the least of it. As Bitcoin's price halved and money flowed out, the spot ETFs launched in 2024 as proof that institutional money had finally arrived now hold 73 billion dollars. A large share of what once looked like conviction was never a directional bet. It was the basis trade, long the fund and short the future to capture a spread, and when the spread closed, that money left.
The believers are bleeding too. Strategy, the largest corporate holder, owns about 847,000 Bitcoin at an average cost near 75,600 dollars, underwater since February by roughly 13 billion. In June, with preferred dividends coming due, it did what Michael Saylor swore it never would. It sold Bitcoin, 32 coins, to make a payment.
None of this means Bitcoin is finished. A fall this size is ordinary in its history. It has survived drops of 77 and 85 percent and returned higher every time. Long-term holders & Bitcoin Maxis keep accumulating, and cumulative ETF inflows since launch are still positive by more than 50 billion dollars.
Two claims were supposed to make this cycle different. That Bitcoin had become digital gold, and that the ETF had brought permanent institutional money. This year stress-tested both, and neither held. It did not move like gold. The institutions moved like a trade.
So the next cycle inherits one question, and it is no longer about price. Is Bitcoin an exit from the financial system, or the highest-beta asset trapped inside it.
🚨 IF NO ONE CAN BAIL OUT BITCOIN, IS THAT ITS GREATEST STRENGTH? 🚨
The U.S. Treasury has acknowledged a simple reality:
Bitcoin has no bailout button.
Unlike banks, corporations, or financial institutions, Bitcoin was designed to operate without government rescues, central bank intervention, or emergency support.
Its survival depends on its network, not political decisions.
Is this what makes Bitcoin the strongest financial asset ever created? 👀
🚨BREAKING: CHINESE BANKS WITH OVER $10 TRILLION IN ASSETS SHUT DOWN RETAIL GOLD TRADING.
$7.6T ICBC, the world's largest bank by assets, will stop offering individual trading in precious metals linked to the Shanghai Gold Exchange from July 24.
Three other major banks, inluding Postal Savings Bank, Ping An Bank, and China Guangfa Bank have made similar moves.
After July 24, clients will no longer be able to open new trades and can only close positions.
Banks are tightening risk controls after gold crashed nearly 30% from its record highs.