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You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After experiencing a decline last week, Bitcoin started the new week with a reactionary rise. Having fallen to $111,920, BTC is currently trading around $114,000. Support is at $113,500 in the lower range. The short-term target for the upper range is $116,200.For Ethereum, the target we mentioned in previous newsletters was reached on the same day. The market structure remains positive. ETH, which rose to $3,730, will target the $4,000 region as long as it remains above $3,500.Crypto NewsCFTC to launch an initiative for the trading of spot crypto asset contracts.MANTRA and Inveniam are merging in the global RWA market. The MANTRA platform and fintech company Inveniam are launching a UAE- and US-focused institutional real assets (RWA) ecosystem.MEI Pharma acquired Litecoin and launched a $100 million corporate treasury strategy with Charlie Lee and GSR advisory.SharpLink acquired 83,561 ETH for $264.5 million at an average price of $3,634.Trump: We are very close to a deal with China.Galaxy Digital is also jumping on the tokenization bandwagon. The company reached an agreement with RWA platform Superstate to issue the GLXY token.The SEC released a statement regarding liquid staking activities: Liquid staking activities are not considered securities.Metamask introduced the Metamask USD stablecoin.CryptocurrenciesTop Gainers:MYX → Up 126.9% to $1.99ZBCN → Up 9.6% to $0.005509OM → Up 9.3% to $0.27304455PUMP → Up 7.9% to $0.00344558SYRUP → Up 6.4% to $0.4471353Top Losers:QUBIC → Down 16.5% to $0.00000022WEMIX → Down 7.4% to $0.76227445PROVE → Down 7.1% to $1.25FRAX → Down 6.6% to $2.59KTA → Down 5.4% to $1.02Fear Index:Bitcoin: 58 (Greed)Ethereum: 51 (Neutral)Dominance:Bitcoin: 61.95% ▲ 0.17%Ethereum: 11.83% ▼ 0.30%Total Daily Net ETF InflowsBTC ETFs: -$196.20 MillionETH ETFs: $73.30 MillionGlobal MarketsGlobal markets are starting the day with gains. While Wall Street saw sell-offs following yesterday's weak ISM services data from the US, expectations of a Fed rate cut and corporate news are supporting buying this morning. US and European futures, as well as Asian stock markets, are in positive territory.The ISM services index remained just above the threshold level at 50.1 in July. Weaknesses were observed in business activity, new orders, and employment. The price index, which indicates inflationary pressures, rose from 67.5 to 69.9, reaching its highest level since October 2022. The VIX index rose to 17.85, indicating that volatility persisted, albeit limited.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.35 trillion market capitalization, $178.26 per share, decreased 0.97%.Microsoft (MSFT) → $3.92 trillion market capitalization, $527.75 per share, decreased 1.47%.Apple (AAPL) → $3.01 trillion market capitalization, $202.92 per share, decreased 0.21%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.32 per share, down 0.22%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $213.75 per share, up 0.99%.Borsa IstanbulAccording to seasonally adjusted data from the Turkish Statistical Institute (TÜİK), monthly inflation was 2.65% in July (June: 2.0%). The CPI-based real exchange rate fell 0.9% in July to 69.4, its lowest level since September 2024. The PPI-based real exchange rate decreased 1.5% to 91.9.The BIST-100 closed flat yesterday. The weak performance of the last two days makes it difficult to break above the 10,900 level. We expect the index to continue trading tight today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.24 trillion TL, price per share of 736.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 844.06 billion TL, price per share of 180.4 TL, decreased by 2.54%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 630 billion TL, price per share of 148.1 TL, decreased by 1.27%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 459.25 billion TL, price per share of 181.0 TL, decreased by 0.06%.Türk Hava Yolları A.O. (THYAO) → 407.79 billion TL market capitalization, 300.75 TL per share, increased by 1.78%.Precious Metals and Currency PricesGold: 4410 TLSilver: 49.53 TLPlatinum: 1743 TLDollar: 40.68 TLEuro: 47.13 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.After declining throughout last week, Bitcoin kicked off the new week with a rebound. Having dropped to $111,920, BTC is now trading around the $114,000 level. Support is seen at $113,500 on the lower end. In the short term, Ethereum is targeting the $116,200 level.The target highlighted in yesterday’s bulletin was reached within the same day, reflecting a sustained positive market structure. ETH, which climbed to $3,730, is now eyeing the $4,000 region, as long as it holds above the $3,500 support level.Crypto NewsBitmine, chaired by renowned investor Tom Lee, continues to purchase Ether. The company has acquired an additional 208,000 ETH since last week, bringing its total holdings to 833,000 ETH.The Strategy purchased 21,020 BTC between July 28 and August 3.Nasdaq-listed company Verb Technology announced its TON treasury strategy with a $558 million investment.The EU will suspend trade measures against the US for 6 months.$1.1 trillion was added to the US stock market yesterday.The CFTC will launch an initiative to "buy and sell spot crypto asset contracts."CryptocurrenciesTop Risers:MNT → Up 22.7% to $0.8939078LTC → Up 11.7% to $124.14FLUID → Up 11.2% to $5.58M → Up 10.6% to $0.54350284PUMP → Up 10.5% to $0.00318824Top Fallers:SAROS → Down 7.1% to $0.37846208TON → Down 5.6% to $3.35TRIBE → Down 5.6% to $0.57204557FRAX → Down 4.5% to $2.80ZBCN → Down 4.0% to $0.00507614Fear Index:Bitcoin: 60 (Greed)Ethereum: 42 (Fear)Dominance:Bitcoin: 61.59% ▲ 0.27%Ethereum: 11.92% ▼ 1.07%Total Daily Net ETF InflowsBTC ETFs: -$323.50 MillionETH ETFs: -$465.10 MillionGlobal MarketsRising expectations of a Fed interest rate cut, progress in trade negotiations, and positive corporate news are all supporting global markets. U.S., European futures, and Asian stock markets are trading higher this morning.The VIX index, which had climbed to 20.38 on Friday, dropped to 17.52 yesterday, signaling a decline in market anxiety.In the U.S., durable goods orders fell by 9.4% in June, while new orders excluding transportation saw only a modest increase of 0.2%. Service sector data will be released today. In July, the composite PMI stood at 54.6 and the services index at 55.2—both indicating growth. The ISM services index for July is expected to come in at 51.5.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.39 trillion market capitalization, $180.00 per share, up 3.62%.Microsoft (MSFT) → $3.98 trillion market capitalization, $535.64 per share, up 2.20%.Apple (AAPL) → $3.04 trillion market capitalization, $203.35 per share, up 0.48%.Alphabet (GOOG) → $2.36 trillion market capitalization, $195.75 per share, up 3.05%. Amazon.com (AMZN) → $2.26 trillion market capitalization, $211.65 per share, fell 1.44%.Borsa IstanbulThe monthly CPI (CPI) fell 2.06% in July, below both our and market expectations. This brought annual inflation down to 33.5%. Core inflation indicators also declined, with the B index reaching 33.8% and the C index reaching 34.7%. The Central Bank of the Republic of Turkey (CBRT) real effective exchange rate and seasonally adjusted data from TurkStat (Turkish Statistical Institute) will be monitored today.Following the lower-than-expected inflation data, the BIST-100 index rose 1% yesterday, led by banking stocks. However, it retreated 0.7% from its intraday peak. The BIST-100 is expected to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 2.04 trillion TL, price per share of 669.5 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 859.56 billion TL, price per share of 186.4 TL, decreased by 1.11%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 637.56 billion TL, price per share of 151.9 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 460.77 billion TL, price per share of 181.2 TL, decreased by 0.28%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 409.75 billion TL, price per share of 71.00 TL, increased by 1.57%.Precious Metals and Currency PricesGold: 4402 TLSilver: 49.03 TLPlatinum: 1749 TLDollar: 40.68 TLEuro: 47.01 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Let's analyze general market conditions together and take a look at the latest valuations.Bitcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in the region of $ 114,000.itcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the level of $ 111,920, is currently trading in titcoin started the new week with a rise in reaction after spending the last week in a decline. BTC, which has fallen to the ln.Crypto NewsMarkets have begun fully pricing in two Fed rate cuts by the end of 2025.The SEC will hold crypto 'roundtables' across the US.Fed member KUGLER will resign on August 8.Trump: Firing Powell would shake the market.CryptocurrenciesTop Risers:M → Up 16.3% to $0.49140386ENA → Up 13.2% to $0.61483895KTA → Up 11.5% to $1.07CVX → Up 11.0% to $4.28XLM → Up 9.5% to $0.41381391Top Fallers:PI → Down 4.7% to $0.35611547BDX → Down 3.2% to $0.07316175IP → Down 2.9% to $6.00TKX → Down 2.3% to $5.20IOTX → Down 2.2% to $0.02858162Fear Index:Bitcoin: 59 (Greed)Ethereum: 49 (Neutral)Dominance:Bitcoin: 62.02% ▼ 0.24%Ethereum: 11.64% ▲ 0.86%Total Daily Net ETF InflowsBTC ETFs: -$812.30 MillionETH ETFs: -$152.30 MillionGlobal MarketsWhile US July employment data released on Friday fell short of expectations, sharp downward revisions to June data and the unemployment rate rising from 4.1% to 4.2% caused sell-offs in global stock markets. Following the data, US bond yields, the dollar index, and oil prices declined. However, on the first day of the week, global risk appetite is recovering as expectations for a Fed rate cut rise again and progress is being made in trade negotiations. Buying is notable in US and European futures indices, as well as in Asian stock markets excluding Japan.Following the employment data, Trump fired the Commissioner of the Bureau of Labor Statistics. Furthermore, Fed Member Adriana Kugler resigned before her term expired. These developments raised questions in some market circles about the reliability of the data and the Fed's independence.The VIX index rose to 20.38 on Friday. A sustained reading of 21-22 this week suggests that selling pressure may persist, while a drop below 20 suggests that the reactionary selling may be temporary.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.72 per share, fell 2.33%.Microsoft (MSFT) → $3.9 trillion market capitalization, $524.11 per share, decreased by 1.76%.Apple (AAPL) → $3.02 trillion market capitalization, $202.38 per share, decreased by 2.50%.Alphabet (GOOG) → $2.29 trillion market capitalization, $189.95 per share, decreased by 1.51%.Amazon.com (AMZN) → $2.28 trillion market capitalization, $214.75 per share, decreased by 8.27%.Borsa IstanbulExports increased by 11% to $25 billion in July, while imports increased by 5.4% to $31.4 billion. The foreign trade deficit narrowed by $6.4 billion compared to the previous year. The seven-month deficit is $55.9 billion, while the annual deficit is $88.3 billion. Seasonally adjusted data also point to an improvement in the foreign trade balance.The Manufacturing PMI index fell to 45.9 in July, and demand remains weak. The Istanbul CPI increased by 2.62% in July, representing a 42.5% annual increase. The CPI data, to be released today at 10:00 am, is the most important market agenda for the week. Monthly inflation is expected to be 2.3% and annual inflation is expected to be 33.9%.The BIST-100 closed last week slightly higher at 10,500, with buying activity. On Friday, selling was seen abroad following the weak US employment data. A lower-than-market inflation rate today could lead to buying in the BIST. However, we expect a flat start to the week. Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.86 trillion TL, price per share of 609.0 TL, increased by 9.93%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 840.86 billion TL, price per share of 185.8 TL, increased by 0.76%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 611.1 billion TL, price per share of 150.9 TL, increased by 3.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 462.55 billion TL, price per share of 184.3 TL, increased by 1.04%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.88 billion TL, price per share of 69.85 TL, increased by 1.38%.Precious Metals and Currency PricesGold: 4388 TLSilver: 48.68 TLPlatinum: 1725 TLDollar: 40.67 TLEuro: 47.11 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin has moved away from the range it established at the ATH. The decline following the announcement of global tariffs has closed the CME gap for BTC. The $114,000 area appears to be the first short-term support area. Below this level, the $111,800 area serves as the support area. The first upward move will target the $116,000 resistance level.Ethereum, on the other hand, remains stronger than BTC. Still trading within a wide resistance band, ETH is in positive territory up to the $3500 support level. Below this area, support lies at $3200.Crypto NewsCircle will add native $USDC to Hyperliquid, enabling direct deposits and withdrawals.The SEC announced the launch of a project-crypto initiative to modernize securities rules and move markets on-chain.SEC Chairman: Most crypto assets are not securities.SEC Chairman Atkins: I have instructed Commission staff to develop clear rules for crypto distribution, custody, and trading.The Ethereum Foundation announced its goals for the next 10 years: It will work to reach a throughput of 10,000 transactions per second (TPS) and make the network quantum-resistant.VanEck filed an updated version of its spot Solana ETF S-1 application.MicroStrategy filed for a $4.2 billion STRC offering and plans to purchase Bitcoin with the proceeds.Apple's earnings report exceeded expectations.CryptocurrenciesTop Risers:M → Up 13.7% to $0.36795594SAROS → Up 5.3% to $0.38112247ZORA → Up 5.2% to $0.07249998TKX → Up 2.8% to $5.03TFUEL → Up 1.2% to $0.03802554Top Fallers:REKT → Down 25.6% to $0.000991406USELESS → Down 21.1% to $0.24320178KTA → Down 19.6% to $0.94815464SPX → Down 17.6% to $1.64WEMIX → Down 16.9% to $0.76597282.Fear Index:Bitcoin: 69 (Greed)Ethereum: 53 (Neutral)Dominance:Bitcoin: 61.85% ▲ 0.20%Ethereum: 11.94% ▼ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$114.80 MillionETH ETFs: $17.00 MillionGlobal MarketsWe begin the last trading day of the week with weak risk appetite. The Fed kept interest rates steady but maintained its tight stance. PCE inflation data released yesterday exceeded expectations with 2.6% in the headline and 2.8% in the core.US and European stock markets finished the day lower. The decreased risk appetite following the Fed's decision created selling pressure on global markets.US President Trump approved new tariffs effective August 7th. The VIX index increased by 1.2 points to 16.72. Caution remains prevalent in the markets ahead of today's nonfarm payrolls data.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.34 trillion market capitalization, $177.87 per share, down 0.78%.Microsoft (MSFT) → $3.97 trillion market capitalization, $533.50 per share, up 3.95%.Apple (AAPL) → $3.1 trillion market capitalization, $207.57 per share, down 0.71%.Amazon.com (AMZN) → $2.49 trillion market capitalization, $234.11 per share, up 1.70%. Alphabet (GOOG) → $2.33 trillion market capitalization, $192.86 per share, experienced a 2.32% decline.Borsa IstanbulAccording to TÜRK-İŞ data, the hunger threshold increased by 1.1% month-over-month to 26,413 TL in July. The annual increase slightly decreased from 37.6% to 37.3%. The services PPI rose by 4.72% month-over-month and 37.40% year-over-year in June.The Treasury plans to pay a total of 859 billion TL in domestic debt during the August-October period. In August, domestic borrowing of 440.8 billion TL is targeted, compared to the 339 billion TL domestic debt service.Following the announcement of new tariffs by the US, risk appetite in global markets has slightly decreased. Turkey's tariff rate increased by 5 percentage points to 15%. However, the market impact of this increase is expected to be limited. The BIST-100 index closed at 10,743 yesterday, its highest since March 18th. Optimism may remain in the medium term, but a slight sell-off is possible today due to international influences. The market has begun to focus on the CPI data to be released on Monday.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.69 trillion TL, price per share of 554.0 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 852.72 billion TL, price per share of 185.4 TL, decreased by 0.86%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 599.76 billion TL, price per share of 143.3 TL, increased by 0.35%.Koç Holding A.Ş. (KCHOL) → Market value 454.69 billion TL, price per share 183.8 TL, increased by 2.51%.ENKA Construction and Industry (ENKAI) → Market capitalization: 407.99 billion TL, price per share: 69.65 TL, increased by 0.07%.Precious Metals and Currency PricesGold: 4305 TLSilver: 47.60 TLPlatinum: 1662 TLDollar: 40.66 TLEuro: 46.50 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged sharply to the $3,950 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsWorld Libertarian Financial invested $10 million in DWF Labs' Falcon stablecoin.Trump on tariffs: The August 1 deadline will not change, the decision is final.Coinbase and JPMorgan Chase announced a partnership to make crypto access even easier.The Fed left interest rates unchanged.Fed Board members Waller and Bowman voted against lowering the interest rate by a quarter point.Microsoft's earnings report exceeded expectations.META's earnings report exceeded expectations.21Shares filed an updated S-1 for the spot Solana ETF.CryptocurrenciesTop Gainers:PUMP → Up 28.5% to $0.0031519REKT → Up 19.7% to $0.00000113ZBCN → Up 16.0% to $0.00581345ENA → Up 14.9% to $0.66352026BRETT → Up 14.8% to $0.05914993Top Losers:EUL → Down 4.6% to $12.82SPX → Down 3.0% to $1.94TRX → Down 2.9% to $0.32527579TEL → Down 2.5% to $0.00522484JST → Down 2.5% to $0.03589195.Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 61.41% ▼ 0.30%Ethereum: 12.17% ▲ 0.73%Total Daily Net ETF InflowsBTC ETFs: $47.10 MillionETH ETFs: $5.80 MillionGlobal MarketsThe Fed held interest rates steady as expected. Chair Powell stated that monetary policy was in good shape and did not signal an imminent rate cut. Following these statements, expectations for a September rate cut dropped from 68% to 35%. Bond yields and the dollar index rose, while stock markets experienced a slight sell-off. The VIX index rose as high as 17.24, but closed the day at 15.48. Two Fed members voted for a 25 basis point cut. The Fed reiterated that it would consider incoming data and economic risks in its decisions. Markets are starting the day cautiously but with a recovery effort.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.37 trillion market capitalization, $179.27 per share, increased 2.14%.Microsoft (MSFT) → $3.81 trillion market capitalization, $513.24 per share, increased 0.13%.Apple (AAPL) → $3.12 trillion market capitalization, $209.05 per share, decreased 1.05%. Amazon.com (AMZN) → $2.44 trillion market capitalization, $230.19 per share, decreased 0.35%.Alphabet (GOOG) → $2.38 trillion market capitalization, $197.44 per share, increased 0.51%.Borsa IstanbulThe domestic unemployment rate rose to 8.6% in June. The labor force participation rate has been flat for the last three months at 53.5%. The economic confidence index fell to 96.3 in July.The BIST-100 index found support at the 10,500 level yesterday. It followed a bullish trend, supported by banking, telecom, and automotive stocks. The strongest contributions came from Turkcell, Ford Otosan, and Koç Holding.The Central Bank of the Republic of Turkey (CBRT) Monetary Policy Committee (MPC) meeting summary and Turkish Statistical Institute (TÜİK) foreign trade data will be watched today. Market focus may shift to the July CPI data, which will be released next week. We expect the index to remain flat today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.54 trillion TL, price per share of 504.00 TL, increased by 9.92%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 822.17 billion TL, price per share of 183.2 TL, increased by 1.61%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 598.08 billion TL, price per share of 144.1 TL, increased by 1.19%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 442.51 billion TL, price per share of 177.3 TL, increased by 1.60%.ENKA İnşaat ve Sanayi (ENKAI) → Market capitalization of 403.59 billion TL, price per share of 69.70 TL, increased by 1.23%.Precious Metals and Currency PricesGold: 4303 TLSilver: 48.26 TLPlatinum: 1718 TLDollar: 40.58 TLEuro: 46.44 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 region could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged to the $3,950 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will serve as support.Crypto NewsBitmine, which has attracted attention with its Ether purchases, will repurchase $1 billion of the company's shares.PUMPFUN will increase its token buybacks and allocate 100% of its daily revenue to buybacks. Standard Chartered: Companies buying ETH are just starting out. We expect this figure to increase tenfold from the current level. Their purchases could reach 10% of the ETH in circulation.eToro will launch tokenized US stocks on the Ethereum blockchain.The SEC has accepted an application to allow staking for the BlackRock Spot Ethereum ETF.Trump has given Russia 10 days to reach an agreement with Ukraine.BlackRock predicts the Federal Reserve will not cut interest rates tomorrow.*STRATEGY completed its $2.52 billion STRC IPO and used the proceeds to purchase 21,021 Bitcoin for $117,256.The SEC has approved Bitcoin and Ethereum spot ETFs to be traded in crypto instead of cash.CryptocurrenciesTop Gainers:IOTX → Up 15.8% to $0.02659086XDC → Up 8.2% to $0.0989487B → Up 8.0% to $0.50341485QUBIC → Up 6.1% to $0.00000253SUN → Up 2.6% to $0.02175535Top Losers:CFX → Down 26.0% to $0.19509564BONK → Down 13.0% to $0.00002836SYRUP → Down 12.7% to $0.44805721CKB → Down 12.4% to $0.00585109 CVX → Down 11.8% to $4.19Fear Index:Bitcoin: 74 (Greed)Ethereum: 57 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.08%Ethereum: 12.05% ▲ 0.43%Total Daily Net ETF InflowsBTC ETFs: $80.00 MillionETH ETFs: $218.60 MillionGlobal MarketsGlobal markets are trading cautiously and sideways ahead of tonight's Fed interest rate decision and tomorrow's BOJ meeting. The Fed is not expected to change interest rates. While risk appetite weakened slightly, the VIX index rose to 15.98, indicating a slight increase in uncertainty. On the trade front, US Treasury Secretary Bessent stated that an agreement in principle has been reached with China to postpone tariffs, but that the final decision rests with Trump. He also stated that no new summit between Xi and Trump is planned, and that the 90-day period is merely an option.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.28 trillion market capitalization, $175.51 per share, down 0.70%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.57 per share, up 0.01%.Apple (AAPL) → $3.16 trillion market capitalization, $211.27 per share, down 1.30%.Amazon.com (AMZN) → $2.45 trillion market capitalization, $231.01 per share, down 0.76%. Alphabet (GOOG) → of $2.37 trillion market capitalization, $196.43 per share, up 1.56%.Borsa IstanbulAccording to TURKBESD data, domestic sales of white goods decreased by 8%, production by 8%, and exports by 5% in the first half of the year. The sector continues to weaken. While the BIST-100 has returned to the 10,500 level, the announced balance sheets generally signal weakness. The June unemployment rate and the July economic confidence index will be released today. The market is focusing on the CPI data to be released next week. A sideways trend is expected on the BIST today.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → With a market capitalization of $1.4 trillion and a per-share price of $458.50, it saw a 9.95% increase. Aselsan Electronics Industries (ASELS) → Market value of 817.61 billion TL, price per share of 178.9 TL, decreased by 0.22%.Turkey Garanti Bank (GARAN) → Market value of 583.8 billion TL, price per share of 141.0 TL, increased by 1.44%.Koç Holding A.Ş. (KCHOL) → Market value of 431.36 billion TL, price per share of 174.6 TL, increased by 2.65%.Turkish Airlines Inc. (THYAO) → Market value of 393.64 billion TL, price per share of 288.25 TL, increased by 1.05%.Precious Metals and Currency PricesGold: 4,335 TLSilver: 49.69 TLPlatinum: 1,811 TLDollar: 40.57 TLEuro: 46.92 TLWe look forward to bringing you the latest updates again tomorrow.
The U.S. Securities and Exchange Commission (SEC) has made a critical decision for cryptocurrency markets. It has greenlit "in-kind" transactions, meaning the creation and redemption of cryptocurrencies directly, for Bitcoin and Ethereum spot ETFs. This development offers significant flexibility in the sector's operations compared to the period when spot ETFs, approved in early 2024, were limited to cash transactions only.This decision, taken by the SEC's vote on July 29th, is expected to reduce costs, increase liquidity, and provide tax advantages for both ETF issuers and institutional investors. Commission Chairman Paul S. Atkins stated after the vote, "Developing a fit-for-purpose regulatory framework for cryptocurrency markets is one of my top priorities. These decisions will contribute to lower cost and more efficient investment products." The image in the X post shared by Atkins regarding the subject. Traditional ETF mechanism brought to crypto"In-kind" transactions have been used for years in traditional stock and commodity ETFs. In this system, authorized participants can create or redeem ETF shares directly in exchange for the underlying asset. For example, in gold ETFs, this mechanism allows investors to purchase ETF shares instead of physical gold, or to redeem shares to receive gold.With the SEC extending this practice to crypto ETFs, ETF companies will now be able to directly purchase or deliver the underlying asset, Bitcoin or Ethereum. This will largely eliminate issues such as price fluctuations, transaction delays, and high costs associated with cash transactions.The decision also introduces a significant tax advantage for investors. In cash redemptions, the issuing ETF is required to liquidate the fund by selling the underlying asset, resulting in capital gains that are passed on to investors. However, in in-kind redemptions, the investor will purchase Bitcoin or Ethereum directly, leaving the sale decision entirely at their discretion. This will defer taxation.Furthermore, this flexibility will enable market makers and fund managers to better manage liquidity. Results such as narrowing spreads, increased trading volume, and enhanced market depth are expected. Experts note that this development could trigger new institutional inflows into ETF products. The SEC's decision also aligns with the US's attempt to catch up with international developments. Hong Kong initially allowed in-kind transactions in the Bitcoin and Ether ETFs it launched in April 2024. In some jurisdictions, such as Ontario, Canada, this flexibility was not initially granted. However, the clarity in Hong Kong and the SFC's requirement to work with licensed crypto exchanges ensured the system's smooth operation from the outset.On the US side, the process was challenging. Even within the SEC, this strict approach was criticized. Commissioner Mark Uyeda, during the January 2024 approval process for spot Bitcoin ETFs, stated that "approaching crypto with such caution while the same transaction is standard for physical gold-backed ETFs is a double standard," stating that the decision set a "worrying precedent."The ETF market and the crypto sectorThe approval of spot Bitcoin ETFs in early 2024 led to significant growth in the sector. These products, which have reached billions of dollars in assets under management, have seen their transaction volume increase, while new applications have also accelerated. The SEC's latest move could lead to a more flexible and investor-friendly structure for both approved products and future fund applications.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade above this level. On the downside, the key support level stands at $111,800. In a potential upward move, the trend resistance near the $122,000 region could be the next target.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. After a sharp rally toward the $3,950 region, ETH has entered this trend zone. A breakout here could pave the way for notable gains. In the event of a pullback, the $3,500 level is expected to serve as support.Crypto NewsUAE credit institution RAKBANK will begin offering crypto services to its retail customers through Bitpanda.Invesco Galaxy has applied for the Solana ETF with the CBOE. Interactive Brokers, a brokerage firm with $600 billion in client assets, is considering introducing 24/7 stablecoin and cryptocurrency deposits into its investment accounts.Trump: Powell will be gone soon. I will miss him.PayPal allows US businesses to accept payments in more than 100 cryptocurrencies.Financial firm Mill City Ventures will acquire $441 million worth of $SUI tokens, transitioning to a crypto treasury strategy.The strategy firm made no new Bitcoin purchases last week.CryptocurrenciesTop Gainers:CFX → Up 38.3% to $0.25899976ZBCN → Up 20.0% to $0.00508004KTA → Up 12.2% to $1.21CKB → Up 10.7% to $0.00657596QUBIC → Up 10.1% to $0.00000245Top Losers:TKX → Down 37.5% to $5.77USELESS → Down 17.4% to $0.32020474CVX → Down 15.5% to $4.75FARTCOIN → Down 14.8% to $1.18PUMP → Down 12.6% to $0.00241791.Fear Index:Bitcoin: 74 (Greed)Ethereum: 63 (Greed)Dominance:Bitcoin: 61.52% ▲ 0.19%Ethereum: 11.90% ▼ 0.68%Total Daily Net ETF InflowsBTC ETFs: $157.10 MillionETH ETFs: $65.20 MillionGlobal MarketsGlobal risk appetite started the week cautiously. Trump's 15% tariff announcement against the EU created short-term market activity, but its impact was limited. US futures are slightly higher this morning. Markets remain cautious ahead of tomorrow's Fed and Thursday's BOJ interest rate decisions.As the critical August 1st deadline approaches, the US's extension of the tariff ceasefire with China and the start of a third round of talks are easing trade uncertainty. Although markets opened strongly yesterday following the agreement with the EU, they closed slightly lower due to criticism from European leaders. The VIX index remains low at 15.03.Today, US consumer confidence, housing prices, and job openings will be monitored. The ECB's June Consumer Expectations Survey will also be released.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.31 trillion market capitalization, $176.75 per share, up 1.87%.Microsoft (MSFT) → $3.81 trillion market capitalization, $512.50 per share, down 0.24%. Apple (AAPL) → $3.2 trillion market capitalization, $214.05 per share, increased by 0.08%.Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.79 per share, increased by 0.58%.Alphabet (GOOG) → $2.33 trillion market capitalization, $193.42 per share, decreased by 0.34%.Borsa IstanbulJuly sectoral inflation expectations were announced. 12-month ahead inflation expectations fell to 23.4% among market participants and 39% in the real sector, while household expectations rose to 54.5%. According to TİM's June report, the export demand index decreased by 0.6% month-on-month and 0.5% year-on-year to 99.8, remaining below the long-term average. The BIST100 index closed down 0.9% yesterday, driven by sales in banking, defense, aviation, and holding stocks. In a week marked by financial statements, Tofaş and Medikal Park reported net profits above expectations, while Türk Traktör increased its profit despite weak results. Results from Akbank, Tüpraş, Aygaz, TAV, and Otokar will be released today. The BIST100 is expected to open the day with a slight gain, in line with international markets.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.31 trillion TL, price per share of 400.00 TL, increased by 2.56%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 826.73 billion TL, price per share of 178.2 TL, decreased by 1.71%. Türkiye Garanti Bankası (GARAN) → Market capitalization of 576.24 billion TL, price per share of 138.9 TL, increased by 1.24%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 432.37 billion TL, price per share of 171.2 TL, increased by 0.41%.Enka İnşaat ve Sanayi A.Ş. (ENKAI) → Market capitalization: 405.64 billion TL, price per share: 67.10 TL, decreased by 3.03%.Precious Metals and Currency PricesGold: 4326 TLSilver: 49.81 TLPlatinum: 1803 TLDollar: 40.57 TLEuro: 47.03 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in place since 2021. Having surged to the $3,800 region with sharp increases, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto NewsTether printed $1 billion worth of USDT.SharpLink Gaming purchased $295 million worth of ETH, bringing its total ETH holdings to 438,000.Upbit will list OP.Trump: The EU has agreed to allow countries to trade duty-free.Trump: We have reached an agreement with the EU.BNB broke a new record, exceeding $820.The US and China agreed to freeze tariffs for another 90 days.Rick Rieder, CIO of BlackRock, which manages $11.5 trillion in assets, called for the US Federal Reserve (Fed) to lower interest rates.CryptocurrenciesTop Gainers:KTA → Up 17.1% to $1.09CAKE → Up 16.9% to $3.29TRIBE → Up 16.1% to $0.60263769ORDI → Up 15.9% to $11.83SPX → Up 14.4% to $2.25Top Losers:REKT → Down 14.5% to $0.97120098GLM → Down 11.9% to $0.29879452TKX → Down 7.8% to $9.21CVX → Down 7.4% to $5.59CRV → Down 4.4% to $1.03Fear Index:Bitcoin: 74 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.34%Ethereum: 12.07% ▲ 0.56%Total Daily Net ETF InflowsBTC ETFs: $130.80 MillionETH ETFs: $452.80 MillionGlobal MarketsGlobal markets are starting the week with optimism generated by the 15% tariff agreement reached between the US and the EU. The agreement boosts risk appetite as it prevents higher tariffs expected to take effect on August 1st. US and European futures are slightly positive. The VIX index fell to 14.93, nearing its lowest levels this year.This week, global markets will be closely watching Fed and Bank of Japan interest rate decisions, with no change expected in interest rates. PCE, nonfarm payrolls, and ISM manufacturing data will be released in the US, while the Eurozone CPI will be the leading indicator. Domestically, June external balance, unemployment, and ISO Manufacturing PMI data will be released.Most Valuable Companies and Stock Prices (Based on Data in the Image)NVIDIA (NVDA) → $4.23 trillion market capitalization, $173.50 per share, decreased by 0.14%.Microsoft (MSFT) → $3.82 trillion market capitalization, $513.71 per share, increased by 0.55%.Apple (AAPL) → $3.19 trillion market capitalization, $213.88 per share, increased by 0.06%.Amazon.com (AMZN) → $2.46 trillion market capitalization, $231.44 per share, decreased by 0.34%.Alphabet (GOOG) → $2.34 trillion market capitalization, $194.08 per share, increased by 0.46%.Borsa IstanbulMoody's upgraded Turkey's credit rating from "B1" to "Ba3" and lowered the outlook from "positive" to "stable." Fitch affirmed Turkey's credit rating at "BB-" and kept its outlook unchanged. Inflation is expected to decline to 28% by the end of 2025 and 21% by the end of 2026, while growth is expected to be 2.9% in 2025, 3.5% in 2026, and 4.2% in 2027.Friday evening's rating upgrade could inject some balanced optimism into the new week. Sectoral inflation expectations will be released today. Bank balance sheets will be a key factor in the market starting Wednesday. The tariff agreement between the US and the EU also supports risk appetite. July inflation data, to be released on August 4th, will be a key focus in the second half of the week. The BIST-100 struggled to hold above 10,700 last week, and cautious buyers are expected to start the new week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.26 trillion TL, price per share of 380.25 TL, increased by 1.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 835.39 billion TL, price per share of 180.0 TL, decreased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 588 billion TL, price per share of 139.0 TL, decreased by 0.71%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 441.5 billion TL, price per share of 172.7 TL, decreased by 0.80%.Enka Construction and Industry Inc. (ENKAI) → Market capitalization: 405.35 billion TL, price per share: 68.60 TL, down 0.80%.Precious Metals and Currency PricesGold: 4347 TLSilver: 49.87 TLPlatinum: 1840 TLDollar: 40.54 TLEuro: 47.64 TLWe look forward to bringing you the latest updates again tomorrow.
Ethereum 2025 Technical and Strategic AnalysisEthereum is currently going through an unusual rally. Now, we have come to see that this is the threshold of Ethereum’s third major attack within a logarithmic rising channel that has been operating at the same frequency since 2017. This channel has plotted the price's top, bottom, and direction with exact accuracy for years. Today, the price broke out of the middle border of this pattern, confirming its upward movement.Ethereum, currently trading around $3,769, has now broken out of the channel midline, which was tested repeatedly throughout 2022–2023. This isn't just a technical crossover; it's a clear breakout that signals buyers are back in control. The midband is now support, and the trend is upward. Ethereum The 2021 high of $4,850 remains untested. In technical literature, such levels are referred to as "weak highs." The fact that this area remains untouched increases the potential for an upward breakout, as there is still unexhausted liquidity there.Ethereum will not only reach this region, but also exceed it. This structure is not formed solely to rise, but to establish a new price floor. The upper limit of the logarithmic channel corresponds to the $13,000 to $15,000 range today. The 2017 peak occurred there. The 2021 peak occurred there. This is not a coincidence; it is a systematic cycle.Basic Technical FactsThe 2017 and 2021 peaks were formed by full contact with the upper border of the logarithmic channel.A horizontal accumulation process occurred throughout 2022–2023.As of summer 2024, the price broke above the midline of the logarithmic channel.Current Price: $3,769.Initial Target: $4,850 (Untested Weak High).Primary Target: $13,000–$15,000 (Log Channel Upper Band).This Isn't Just Price Movement, It's a Strategic SetupEthereum isn't currently experiencing a rally; it's completing a structure. We're in a transition from the lower band to the middle band, and now to the upper band. This transition is supported not only by technical analysis but also by capital flows and global risk appetite. Bitcoin and Ethereum ETFs, liquidity expansion, and stablecoin regulations are the macro drivers behind this movement.This chart isn't random. Ethereum has strengthened its infrastructure over the past two years. Those who accumulated positions in 2022 and 2023, when everyone else was impatient, are now witnessing not only price movement but also acceleration. This is because there is now momentum in the market. And this momentum isn't just designed to recapture the past peak; it's designed to surpass it.On-chain Data Shows Infrastructure Ready, Demand ExpandingEthereum's on-chain activity supports this rise. Staking rates are at historical highs. This means a large portion of the supply is locked. This minimizes supply pressure on the market. While supply is constrained, demand is expanding. Thanks to liquid staking systems like Lido and Rocket Pool, ETH is becoming both an investment vehicle and a source of income.At the same time, the number of active wallets, transaction volume, and network fees are increasing steadily. This data demonstrates that Ethereum is fuelled not by hype, but by real-world usage. The ecosystem is vibrant, the number of applications is growing, and enterprise integrations are expanding.So, Where Are You?This cycle, Ethereum's target isn't the previous high. The target is to reach the top of the logarithmic channel, and mathematically, this limit falls between $13,000 and $15,000. This isn't a bold prediction; it's a structural result. The charts are clear: This train has departed. Its destination is clear. The question that needs to be asked is:Which carriage on this train are you in?
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin entered a natural correction period after the ATH. Having lost support in the $117,000 region, BTC is currently trading around $115,000. The CME gap around $114,000 has not yet closed, and we see the price moving in this direction. The broad range of $111,000-$114,000 represents a significant support area. Support found in this area could re-target the $118,000 region.Ethereum, on the other hand, is holding strong despite Bitcoin's decline and even gaining upward momentum. As mentioned earlier, ETH, which is trading within a broad resistance area, continues to trade in this region.Crypto NewsThe Central Bank of the Republic of Turkey lowered its policy rate from 46% to 43%.The European Central Bank left the rate unchanged (it was expected to remain unchanged).Bank of America announced that many banks are preparing to launch their stablecoins. MicroStrategy has updated its capital raising plan for Bitcoin acquisitions. The company has raised its previously announced $500 million fundraising target to $2 billion. With this increase, MicroStrategy is reportedly aiming to further expand its Bitcoin investments.The TON Foundation and Kingsway Capital are planning a $400 million capital raise for the Toncoin treasury.Tether printed $2 billion in USDT.Trump: I want interest rates lowered and the Fed building completed.CryptocurrenciesTop Gainers:SYRUP → Up 21.8% to $0.5877799ENA → Up 14.5% to $0.52252511EUL → Up 11.6% to $12.18B → Up 9.7% to $0.60461203AXL → Up 9.7% to $0.41296338Top Losers:M → Down 18.7% to $0.36242166PUMP → Down 15.1% to $0.00258837TKX → Down 10.5% to $9.63TEL → Down 6.5% to $0.00593213PENGU → Down 6.5% to $0.03746343.Fear Index:Bitcoin: 71 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 61.58% ▼ 0.38%Ethereum: 11.74% ▼ 0.11%Total Daily Net ETF InflowsBTC ETFs: $226.70 MillionETH ETFs: $231.20 MillionGlobal MarketsGlobal markets are balanced this morning. Price action remains limited due to the lack of significant new news. Tariff concerns eased, while the VIX index remained flat at 15.4. The MSCI World Index rose 0.2%, reaching a new high, closing higher for the seventh consecutive day, driven by a moderate rise in US and European stock markets. The US July composite PMI rose to 54.6, buoyed by strength in the services sector. The services index rose to 55.2, while the manufacturing PMI came in at 49.5, below expectations. Companies remain concerned about federal spending cuts and tariffs. Business confidence weakened in both sectors. Jobless claims fell short of expectations at 217,000, supporting the positive employment outlook.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.24 trillion market capitalization, $173.74 per share, up 1.73%.Microsoft (MSFT) → $3.8 trillion market capitalization, $510.88 per share, up 0.99%.Apple (AAPL) → $3.19 trillion market capitalization, $213.76 per share, down 0.18%. Amazon.com (AMZN) → $2.47 trillion market capitalization, $232.23 per share, increased 1.73%.Alphabet (GOOG) → $2.34 trillion market capitalization, $193.20 per share, increased 0.88%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT) cut its policy rate by 300 basis points to 43%, exceeding expectations. Overnight lending and borrowing rates were also reduced by the same amount. Following this move, the BIST-100 index rose 1%, and Turkey's CDS premium fell below 280 basis points. Domestically, the capacity utilization rate, real sector, and sectoral confidence indices will be released today. Moody's and Fitch's credit rating assessments will also be monitored. While the external climate remains calm, we expect the BIST to maintain its upward trend.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 400.25 TL, changed by 0.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 832.66 billion TL, price per share of 185.8 TL, increased by 1.75%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 586.74 billion TL, price per share of 139.6 TL, decreased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market capitalization of 444.29 billion TL, price per share of 173.6 TL, decreased by 0.91%.Turkish Airlines Inc. (THYAO) → Market capitalization of 408.48 billion TL, price per share of 294.50 TL, decreased by 0.51%.Precious Metals and Currency PricesGold: 4,372 TLSilver: 50.76 TLPlatinum: 1,834 TLDollar: 40.55 TLEuro: 47.65 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken out of the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could indicate significant upward movement for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News21Shares filed an amended S-1 form for the $DOGE ETF.21Shares has applied for a spot ETF for ONDO.US Treasury Secretary Bessent: Negotiations with the EU are progressing better than before.$MIU Coin has been listed on the XT Exchange.Goldman Sachs and BNY are preparing to announce the development of a system that allows institutional investors to purchase tokenized money market funds.Joe McCann reportedly plans to allocate $1 billion for Solana Treasury Co. amid a nearly 70% decline in liquid funds.Tesla neither sold nor bought Bitcoin in the second quarter.CryptocurrenciesTop Gainers:REKT → Up 13.9% to $0.65251379SYRUP → Up 12.6% to $0.48162868SAROS → Up 9.7% to $0.37939587TKX → Up 7.5% to $10.81M → Up 5.2% to $0.44668162Top Fallers:MOVE → Down 23.6% to $0.13945918PUMP → Down 19.9% to $0.00303355FLR → Down 19.1% to $0.02229203APT → Down 16.5% to $4.63GRASS → Down 16.5% to $0.92743664.Fear Index:Bitcoin: 72 (Greed)Ethereum: 61 (Greed)Dominance:Bitcoin: 61.92% ▲ 0.08%Ethereum: 11.49% ▲ 0.21%Total Daily Net ETF InflowsBTC ETFs: -$85.80 MillionETH ETFs: $332.20 MillionGlobal MarketsGlobal markets continue to find support from the US-Japan trade agreement. The US's initiation of similar talks with the European Union is positively impacting European stock markets. Asian stocks, US and European futures are trading higher this morning.Global markets closed strong yesterday thanks to positive news. Risk appetite remains high today. The VIX index fell 1.1 points to 15.4. This level is the lowest in five months and indicates a diminishing perception of short-term risk in the markets.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.17 trillion market capitalization, $170.78 per share, increased 2.25%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.87 per share, increased 0.12%.Apple (AAPL) → $3.2 trillion market capitalization, $214.15 per share, decreased 0.12%.Amazon (AMZN) → $2.42 trillion market capitalization, $228.29 per share, increased 0.36%.Alphabet (GOOG) → $2.32 trillion market capitalization, $191.51 per share, fell 0.31%.Borsa IstanbulMarkets are watching the Central Bank of the Republic of Turkey (CBRT) interest rate decision, which will be announced at 2:00 PM today. The CBRT, which held interest rates steady in June, is expected to cut the policy rate by 250 basis points today to 43.50%. Ahead of the decision, the BIST-100 index was trading flat around the 10,600 level. Despite intra-session fluctuations following the Special Consumption Tax (SCT) increase, the index is expected to close the day flat above 10,500.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → $1.34 trillion market capitalization, $400.25 per share, increased 0.06%. Aselsan Electronics Industries (ASELS) → Market value of 821.26 billion TL, price per share of 185.4 TL, increased by 2.94%.Turkey Garanti Bank (GARAN) → Market value of 589.26 billion TL, price per share of 140.4 TL, increased by 0.07%.Koç Holding A.Ş. (KCHOL) → Market value of 432.62 billion TL, price per share of 171.0 TL, increased by 0.23%.Turkish Airlines Inc. (THYAO) → Market value of 406.41 billion TL, price per share of 294.75 TL, increased by 0.08%.Precious Metals and Currency PricesGold: 4,396 TLSilver: 50.85 TLPlatinum: 1,819 TLDollar: 40.46 TLEuro: 47.71 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, with the price continuing to hover around this area. On the downside, $111,800 stands out as the major support level. If upward momentum gains strength, the trend resistance at $122,000 could come into play.Ethereum, on the other hand, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has persisted since 2021. After a sharp rally toward the $3,800 region, ETH has moved into this zone. A breakout here could pave the way for a significant upward move. In the event of a retracement, the $3,500 level is expected to act as support.Crypto News• Cryptocurrency prediction market Polymarket considers launching its stablecoin.• Trump announces he's considering repealing capital gains tax.• US Treasury Secretary Bessent: The FED must lower interest rates now.• Trump: We need interest rate cuts now.• The FBI concluded its ınvestigation of Kraken's founder and returned seized devices.• Sharplink Gaming announced purchasing 79,949 $ETH last week.• Western Union CEO says the bank ıs considering offering stablecoin products to its customers in digital wallets.• Elon Musk's SpaceX company transferred $152 million in Bitcoin for the first time in three years.• $MIU coin listed on BitMart exchange.CryptocurrenciesTop Gainers:USELESS → Up 20.8% to $0.33583496PENGU → Up 20.1% to $0.04420484REKT → Up 18.1% to $0.71302933FLR → Up 16.2% to $0.02452084MOG → Up 14.5% to $0.00000174Top Losers:CFX → Down 12.8% to $0.18170283KET → Down 4.2% to $0.29333068JUP → Down 4.2% to $0.62018807KAITO → Down 3.3% to $1.62PI → Down 3.0% to $0.47386023Fear Index:Bitcoin: 73 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.82% ▼ 0.16%Ethereum: 11.58% ▲ 0.37%Total Daily Net ETF InflowsBTC ETFs: -$68.00 MillionETH ETFs: $533.80 MillionGlobal MarketsWe start the new day with reports that the U.S. has reached or initiated trade negotiations with several Asian countries. Notably, the agreement with Japan and the decision to lower automobile tariffs from 25% to 15% stand out. These developments fueled a gain of over 3% on the Tokyo Stock Exchange. Ongoing discussions with the Philippines, Indonesia, and China are also lending support to regional stock markets. Meanwhile, U.S. and European futures are trading in positive territory this morning.Optimism around trade agreements is boosting risk appetite across markets. Reflecting this sentiment, the VIX volatility index has declined to 16.5, hovering near its July average.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.08 trillion market capitalization, $167.03 per share, down 2.54%.Microsoft (MSFT) → $3.76 trillion market capitalization, $505.27 per share, down 0.94%.Apple (AAPL) → $3.2 trillion market capitalization, $214.40 per share, up 0.90%. Amazon (AMZN) → $2.41 trillion market capitalization, $227.47 per share, down 0.80%.Alphabet (GOOG) → $2.32 trillion market capitalization, $192.11 per share, up 0.50%.Borsa IstanbulYesterday, the Treasury issued $5.35 billion in one-year dollar-denominated government bonds and $463.6 million in lease certificates. This brought total borrowing in July to approximately 494 billion Turkish Lira. This month, 376.4 billion Turkish Lira was planned for domestic borrowing, compared to 316.6 billion Turkish Lira for domestic debt payments.The July Consumer Confidence Index will be released today. The index had increased in the last two months to 85.1, but it is still below its long-term average.The BIST-100 closed flat yesterday due to bank sales. Investors are reviewing their positions ahead of the Central Bank of the Republic of Turkey (CBRT) interest rate decision, scheduled for Thursday, and the Fitch and Moody's reports expected on Friday. Next week, the August 4th inflation data will be the focus. We expect the index to trend sideways today.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 391.00 TL, decreased by 2.07%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.5 TL, decreased by 0.17%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 600.6 billion TL, price per share of 139.4 TL, decreased by 2.52%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 173.0 TL, increased by 0.12%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.25 TL, increased by 1.11%.Precious Metals and Currency PricesGold: 4444 TLSilver: 51.05 TLPlatinum: 1880 TLDollar: 40.44 TLEuro: 47.47 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week in the accumulation zone. We mentioned the importance of the $117,900 level in our previous newsletters. It continues to trade in this area. In a downside scenario, the major support level appears to be $111,800. In an upward movement, the trend resistance level located in the $122,000 area could be targeted.Ethereum has broken upwards from the short-term parallel channel structure and is currently trading in the downtrend zone that has been in effect since 2021. Having surged sharply to the $3,800 region, ETH has entered the trend zone. A breakout of this zone could lead to significant gains for Ethereum. In the event of a pullback, the $3,500 level will act as support.Crypto News$MIU Coin was listed on the BitMart Exchange.Elon Musk's SpaceX company transferred $152 million worth of Bitcoin for the first time in three years.Spot Ethereum ($ETH) ETF trading volume exceeded $3.1 billion today.MicroStrategy Inc. - The strategy announced the IPO of 5 million STRC shares. The proceeds will be used for general corporate purposes, including purchasing Bitcoin.GameSquare added 8,351 ETH to its crypto treasury.Tron founder Justin Sun will travel to space on a Blue Origin rocket.Polymarket is acquiring an exchange to re-enter the US after the Department of Justice (DOJ) closed its investigation.Ethena announced a $260 million purchase of $ENA.BitGo filed confidentially for an IPO in the United States.Trump Media announced that its Bitcoin purchases have reached $2 billion.CryptocurrenciesTop Gainers:TKX → Up 27.7% to $10.12ZBCN → Up 10.6% to $0.00388996QNT → Up 9.6% to $130.64KAS → Up 7.9% to $0.11380462AIOZ → Up 7.1% to $0.45738223Top Losers:PUMP → Down 14.7% to $0.00369132CKB → Down 13.2% to $0.00542485MORPHO → Down 12.4% to $1.92BLUR → Down 11.9% to $0.10628191XTZ → Down 11.5% to $0.95667116.Fear Index:Bitcoin: 72 (Greed)Ethereum: 60 (Greed)Dominance:Bitcoin: 60.99% ▲ 0.71%Ethereum: 11.61% ▼ 1.44%Total Daily Net ETF InflowsBTC ETFs: -$131.40 MillionETH ETFs: $296.50 MillionGlobal MarketsGlobal risk appetite is balanced. The Japanese elections concluded uneventfully but without uncertainty. While political pressure on Fed Chair Powell continues, the market impact is limited at this stage.The VIX index rose slightly to 16.7 yesterday but remained around the July average, signaling continued cautious optimism.The US leading indicator index fell 0.3% to 98.8 in June. While the stock market rose, weakening consumer confidence and orders offset this effect. While concerns about tariffs have negatively impacted confidence since the beginning of the year, a partial recovery has been observed recently.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.18 trillion market capitalization, $171.38 per share, down 0.60%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.06 per share, unchanged (0.00%).Apple (AAPL) → $3.17 trillion market capitalization, $212.48 per share, up 0.62%. Amazon (AMZN) → $2.43 trillion market capitalization, $229.30 per share, increased by 1.40%.Alphabet (GOOG) → $2.31 trillion market capitalization, $191.15 per share, increased by 2.80%.Borsa IstanbulThe Central Bank of the Republic of Turkey (CBRT)'s July Market Participants Survey has been released. Year-end inflation expectations fell to 29.7%. The 2026 forecast remained unchanged at 20.4%. Long-term expectations remain above the CBRT's target range. The interest rate cut is expected to begin this month and continue in 250 basis point increments at each meeting for the rest of the year.The Treasury issued 23.8 billion TL worth of lease certificates with a 5-year maturity yesterday. Today, dollar-denominated bonds and lease certificates will be sold. The BIST-100 continued its upward trend, closing at its highest level since March 18th. The index is 6% below last year's peak. While bond yields have eased, they are still 100 basis points above early July levels. The CDS premium has fallen to 285 basis points. BIST is expected to continue its buying trend today. Second-quarter earnings and the August 4th CPI data will be closely watched later this week.Companies with the Highest Market Value on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.34 trillion TL, price per share of 439.00 TL, increased by 9.96%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 806.21 billion TL, price per share of 176.3 TL, decreased by 0.28%. Türkiye Garanti Bankası (GARAN) → 600.6 billion TL market capitalization, 142.1 TL per share price, decreased by 0.63%.Koç Holding A.Ş. (KCHOL) → Market capitalization: 438.2 billion TL, price per share: 172.0 TL, decreased by 0.46%.Turkish Airlines Inc. (THYAO) → Market capitalization: 405.72 billion TL, price per share: 297.50 TL, increased by 1.19%.Precious Metals and Currency PricesGold: 4396 TLSilver: 50.66 TLPlatinum: 1889 TLDollar: 40.40 TLEuro: 47.25 TLWe look forward to bringing you the latest updates again tomorrow.
You can find today’s edition of “Daily Market with JrKripto” below, featuring a roundup of the most important developments from both global and local markets. Let’s analyze the broader market sentiment and latest insights together.Bitcoin is starting the new week within the accumulation zone. As highlighted in our previous newsletters, the $117,900 level remains a key threshold, and BTC continues to hover around this area. On the downside, the primary support lies at $111,800, while a move to the upside could target the trend resistance at $122,000.Ethereum, meanwhile, has broken out of its short-term parallel channel and is now trading within the broader downtrend zone that has been in place since 2021. After a sharp rally toward the $3,800 region, ETH has entered this trend zone. A breakout here could signal a strong upward move for Ethereum. In case of a pullback, the $3,500 level is expected to act as support.Crypto NewsThe supply of Ethena's stablecoin, $USDE, has surpassed $6 billion, reaching an all-time high.Trump signed the stablecoin bill into law.Trump on trade agreements: There are major agreements to be announced soon. We have several important trade letters.Mastercard said crypto stablecoins "enable faster, lower-cost cross-border payments."Coinbase stock reached its highest level since its 2021 IPO.US banking giant Charles Schwab announced that it will begin offering trading services for Bitcoin and Ethereum.The total market capitalization of crypto assets has surpassed $4 trillion for the first time.CryptocurrenciesTop Gainers:CFX → Up 93.3% to $0.23443022OM → Up 43.6% to $0.3408515CKB → Up 37.0% to $0.00613046TRAC → Up 32.3% to $0.56129275BLUR → Up 28.6% to $0.1174197Top Losers:FRAX → Down 10.7% to $3.60TKX → Down 6.7% to $8.50USELESS → Down 4.8% to $0.27799262XTZ → Down 4.5% to $1.08CHEEMS → Down 3.9% to $0.0000014.Fear Index:Bitcoin: 72 (Greed)Ethereum: 62 (Greed)Dominance:Bitcoin: 60.94% ▲ 0.13%Ethereum: 11.81% ▼ 0.16%Total Daily Net ETF InflowsBTC ETFs: $363.50 MillionETH ETFs: $402.50 MillionGlobal MarketsAfter reaching record highs last week, global markets closed the week calmly in the wake of the Japanese elections. The VIX index fell to 16.4, closing near July's lows, indicating that risk appetite remains intact.In the US, the University of Michigan consumer confidence index rose to 61.8 in July. The current conditions index rose to 66.8, and the expectations index rose to 58.6. Inflation expectations fell sharply: the 12-month outlook fell from 5% to 4.4%, and the 5-year outlook fell from 4% to 3.6%.Housing starts increased by 4.6% month-over-month in June, reaching 1.32 million units. This was a 0.5% decrease compared to the same period last year. Building permits, contrary to expectations, increased by 0.2%. The annualized figure reached 1.40 million units.Most Valuable Companies and Stock PricesNVIDIA (NVDA) → $4.21 trillion market capitalization, $172.41 per share, decreased by 0.34%.Microsoft (MSFT) → $3.79 trillion market capitalization, $510.05 per share, decreased by 0.32%. Apple (AAPL) → $3.15 trillion market capitalization, $211.18 per share, up 0.55%.Amazon (AMZN) → $2.4 trillion market capitalization, $226.13 per share, up 1.01%.Alphabet (GOOG) → $2.25 trillion market capitalization, $185.94 per share, up 0.67%.Borsa IstanbulDomestically, the Central Bank of the Republic of Turkey (CBRT) will release its July Market Participants Survey today. The Treasury will conduct direct sales of 5-year lease certificates today and 1-year dollar-denominated bonds and lease certificates tomorrow.This week, markets will focus on Thursday's CBRT interest rate decision. Expectations are for a 250 basis point cut to 43.50%. Fitch and Moody's Turkey reports will be monitored on Friday. The expectation of a rating upgrade from Moody's is prominent.The BIST 100 finished flat last week. Bank stocks fell 2.8% on a weekly basis, while Aselsan rose 8%. The insurance and REIT indices also showed positive divergence. The index is expected to trend flat on the first day of the week.Companies with the Highest Market Capitalization on Borsa IstanbulQNB Finansbank (QNBTR) → Market capitalization of 1.22 trillion TL, price per share of 363.00 TL, increased by 10.00%.Aselsan Elektronik Sanayi (ASELS) → Market capitalization of 757.87 billion TL, price per share of 166.20 TL, increased by 2.66%.Türkiye Garanti Bankası (GARAN) → Market capitalization of 583.8 billion TL, price per share of 139.00 TL, decreased by 1.84%.Koç Holding A.Ş. (KCHOL) → Market value 421.97 billion TL, price per share 166.40 TL, decreased by 1.13%. Turkish Airlines Inc. (THYAO) → Market capitalization: 398.82 billion TL, price per share: 289.00 TL, decreased by 0.09%.Precious Metals and Currency PricesGold: 4361 TLSilver: 49.66 TLPlatinum: 1872 TLDollar: 40.39 TLEuro: 47.00 TLWe look forward to bringing you the latest updates again tomorrow.
